How did this not go viral? Its 2019 and this is the first time I see this.

@damianpos8832

4 жыл бұрын

2020 still the same

@joshuavickers9820

4 жыл бұрын

@@damianpos8832 KZread censorship

@chriscornelius2518

3 жыл бұрын

Glow in the dark pants is one of the greatest comments in the last 10 years.

@user-jg6xu1kk1i

3 жыл бұрын

@@damianpos8832 2021 and its first time

@MrPooshpa20

3 жыл бұрын

It’s 2021 and I’m just seeing it

This is hilarious, but also an unbelievable disgrace.

@TheCarnivoreSoprano

6 жыл бұрын

my thoughts exactly

@Brindapr

6 жыл бұрын

XRePete Manipulative Peter Schiff, those questions were actually answered, check out the original video here kzread.info/dash/bejne/lIp9saWlhJe4p9Y.html Start at 16:00

@juansoto.925

3 жыл бұрын

@@Brindapr Lol I just watched it. The answer was pretty weak though.

Can you imagine if plumbers answered toilet questions like this?

@urieljauregui2927

3 жыл бұрын

I've been plumbing for a few months now and haven't touched a toilet lol. New construction, baby,

@simclardy1

3 жыл бұрын

@@urieljauregui2927 make sure you broaden your experience.

@Plysomack

3 жыл бұрын

You don’t have to imagine. Theo Von regularly interviews regular folks like a female truck driver, a mortician, and a mid-size animal pest controller. Here’s Theo’s episode with a plumber. kzread.info/dash/bejne/mH51qKtwk5Ssf6Q.html

@rkt81

2 жыл бұрын

But they dont get free and secure fiat currency pay cheque month on month. They need to have real skill set and knowledge to work on these.

And we give them Nobel Prizes?!! Credibility is now gone with the Nobel Prize board.

@DH1986

10 жыл бұрын

Remember when Obama won the Nobel Peace Prize his first year in office?

@soapbxprod

10 жыл бұрын

Don't forget the Medicine prize given to the inventor of the Lobotomy! LOL Only the Chem and Physics prizes have any credibility- makes sense, considering that the Nobels were chemists and physicists... and you can't fake empirical data like the mass of an electron...

@jbot91

6 жыл бұрын

Nobody actually cares what you do anymore. Its ridiculous

@danL1011 During the conference they said they agreed with the government's actions to stimulate the economy with bigger deficits and money printing. That is the essence of Keynesianism. Also on my show I invited people to watch the entire press conference. Do you really expect me to play the entire conference on a short radio segment?

@whoyatoya

3 жыл бұрын

Schiffty.......imagine you bought bitcoin on this day in 2011? Seems you were the "dumbest of the dumbest" this day , huh?

@wesleymalutama3651

3 жыл бұрын

@@whoyatoya Did you?

@faresalouf

3 жыл бұрын

@@wesleymalutama3651 i bet he bought it at 50k and thinks he is smart 😂

Schiff mate, you don't need a Nobel Prize

You want someone to follow a clown?! Give him a nobel prize! who would dare argue with a nobel prize winner!!?

@jakeatkinson525

8 жыл бұрын

+Yo ski lol obama

@wowhallo

8 жыл бұрын

+Yo ski By PAUL KRUGMAN Published: August 2, 2002 To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html

@primalslack

8 жыл бұрын

Mrs. Obama?

Peter Schiff rules! I laughed until I cried... :) These guys are straight out of Atlas Shrugged...

Austrian Economic School is the ONLY real economy school. The rest are lies.

@rafaelheluy8654

3 жыл бұрын

My god...

@rafaelheluy8654

3 жыл бұрын

Austrian school isn’t economics at all.They don’t use math,nor empirical evidence.They use completely fabricated axioms for their proofs,it sad seeing people use it

@kurtjohansson1265

3 жыл бұрын

@@rafaelheluy8654 imagine thinking economics is not based on human action.

@objvst

2 жыл бұрын

It's worse, the keynesian school is not any form of economics it's clearly anti economics.

@Bolognabeef

2 жыл бұрын

@@rafaelheluy8654 I gotta give you that, but empirically they've proven to yield the best results throughout the past 500 years

I know your serious about what you say but I still crack up thinking how much all you say makes sense. Thanks for your insight!!!

I actually feel kind of bad for these guys, they've been brainwashed in government schools and by the media their whole lives, so most of them really just regurgitate their knowledge because of repetition, not an actual understanding of economics. They get all these accolades and awards, they feel like their in some kind of elite intellectual club, and they just get comfortable. The second guy looked so embarrassed and disappointed, maybe I'm too much of a softie, but I felt for the guy.

@zeezlebops

7 жыл бұрын

It made me cringe

@Somuchcooleronline1

7 жыл бұрын

Yeah, maybe... not sure what to think, mostly because my mind has just been blown.

@StephenDoty84

4 жыл бұрын

Yeah, it's as if they have studied great chess games for years. But when asked to play an actual game, they don't know what moves to make on their own.

@jimifenton7699

4 жыл бұрын

Stephen Doty well put

"One of the other privileges of being a Nobel laureate is that you don't have to know anything about economics" OWNED!

I was wondering why Paul Krugman was so clueless...........this clarifies a lot.

@EricSmyth4Christ

5 жыл бұрын

For a minute there I thought that I was secretly a fraud without even knowing it." -Paul Krugman

Man... how entirely sad is academia?? I mean... that was truly PATHETIC. lol And... how galactically refreshing to have a blessing like Peter Schiff around - to expose so much, so clearly, so concisely... with just some common sense. Thanks for this Peter. I know this is an older video - but I've been watching all your newer material and went back a bit to find some more. You've got a real gift (I'm sure you know this by now). Just love the precision of your communication as always. Thanks a million for keeping us all in the loop with your frequent radio pieces and all you do!! I really appreciate it!

@richtxn47

7 жыл бұрын

Agreed. Most Phds want to be researching and writing in order to get published. Teaching and answering questions about their abstruse theories do not interest them. The best chemistry teacher I had in college had won numerous awards for Teaching Excellence; by the way, he only had an M.S.

Peter Schiff should have won the Nobel Prize in economics.

@nevropatholog

8 жыл бұрын

How about the Nobel in gold sales?

@GamingLoadown101

7 жыл бұрын

Not really his idea's are nothing new? Yeah he predicted a few things, but a few other did too.

@nevropatholog

7 жыл бұрын

***** That Schiff is better will be demonstrated on 1/20/17 with the total implosion of the US economy.

@nevropatholog

7 жыл бұрын

***** if it does not happen, then i think that we can all converge on the theory that Schiff is an idiot.

You've got brains and an awesome sense of humor, Peter!

The Nobel prize stuff should have been discredited ever since Henry Kissinger won the prize for his participation in Vietnam, and then absolutely dead in the water when Paul Krugman won an economics nobel prize

@mikebetts2046

8 жыл бұрын

Agreed. Also, how about when BHO won it for a couple nice speaches, just before he helped set new areas of the mid East on fire.

@mikebetts2046

7 жыл бұрын

***** So I guess Krugman writes NYT articles for free? (not part of his professional work?). But you may be missing the bigger point; if a person does one great thing and then a bunch of stupid things, how smart are they?

@kvnd7331

7 жыл бұрын

Mike Betts His "professional work" as an economist. He writes and is a pundit as a side job and for fun. The fact that you didn't understand this shows you understand almost nothing about actual economics/economists

@mikebetts2046

7 жыл бұрын

***** How idiotic can you be? So now a person has to be familiar with the life and times of Paul Krugman to know something about economics or economists in particular? Quick; what was the primary profession of the wife of Milton Freidman? If you do not know, then you know nothing about economics. I was well aware that writing editorials was a side job and not the core of his profession. Big deal. Still misses the point that the sum total of a persons work should probably be considered rather than just one or two highlights.

@kvnd7331

7 жыл бұрын

Mike Betts If you are going to make a statement about whether or not he should have won the nobel prize, then yes you should fucking know what economics is actually like and the professional work economists do. As for the wife of milton friedman, if I were making a statement on whether or not she deserved X award or was a success in her profession, then yes I would have to know those things The point is you should know what they got the award for and be familiar with their work before u open your stupid mouth and make a conclusion based on your ignorance

This is why Milton Friedman, Thomas Sowell, Walter Williams and a few others like them are the MASTERS of economics. They could and would answer these questions, wouldn't hesitate, and wouldn't care that people didn't like the answer BECAUSE economics isn't political, or at least it shouldn't be. What you have on stage are socialism, communism and marxism promoting idiots who haven't a genuine clue. They are so use to being able to use critical theory as a foundation for their work, where all they can do is point out flaws, then claim throwing more money at it, along with having more government control and planning is the solution to everything.

@KSReferee

8 жыл бұрын

Simple fact... get the US government OUT of the entire free market, prevent the US government from trying to manipulate the entire free market with their unconstitutional laws and bullshit regulations and this nation's economy would take off again. We would and could be the superpower that we are IF the government stuck to its enumerated powers and limits... but THAT isn't what these idiots on stage want to promote.

@IIIMajesty

5 жыл бұрын

Look at the rationale for their award, "for their empirical research on cause and effect in the macroeconomy". Macroeconomics is thinking that someone is capable of running the economy just by crunching numbers through a computer.

@TenInfi

5 жыл бұрын

Everything is political.

@shengsun5916

5 жыл бұрын

​@@TenInfi Politics is the only way for people have neither skill nor talent to be relevant in society despite thereof obvious disastrous outcome. In simple language, Politics = Stupid people playing dirty fucking shit up.

@m.browne2548

5 жыл бұрын

@@shengsun5916 exactly, economics is where its at in my opinion.

This channel is a gold mine. Figuratively and literally lol

Why the hell doesn't Peter Schiff have a Nobel prize for economics? He accurately predicted the cause and effects of the 2008 financial crisis, and better yet, he was on every major news station to warn everyone! And people realized he was 100% correct once the crisis unfolded. #GivePeterHisNobelPrize

i cried from about 4mins in...then the glow in the dark pants finished me off.... well done Mr Schiff...this IS gold....

@triplecheesemac

6 жыл бұрын

no this is not tangible. it can not replace gold so u need to go to goldmoney and buy and sell from there. HAHA

"didn't even have glow in the dark pants" peter schiff 2011

How am I just seeing this now? Great stuff

The problem is that people in the academic field are more used to writing papers in very controlled settings, eloquence is a very rare trait.

@statistic420

7 жыл бұрын

you must have gone to a horrible school.

This is embarrassing to watch.

@michasosnowski5918

7 жыл бұрын

Its enraging, and depressing. Enraging when you realize they are guiding and teaching some people and got nobel prize for what exacly? And depressing when you think how they are brainwashed themselfes.

I think I have seen these guys before - They were on the Muppet show. Their real names are Ernie and Bert. but maybe not "cause they are not quite as smart at economics as Bert bnd Ernie.

@soapbxprod

10 жыл бұрын

BWAHAHA! :)

According to Wikipedia, one of Sargent's main contribution is that, the people being modeled by economists can predict the future at least as well as the economist can with his model. I guess he thus doesn't want to predict anything because he realized he can't do a better job than the audiences.

The Q&A exchange with the "experts," where nothing comes of it, says it all why our economy is cooked, fried, burned to a crisp. Thank you, Peter Schiff. It must be hard to watch panels like this one. Good grief!

"Those questions everyone is asking themselves." Everyone except Nobel Prize winning economists, apparently.

I honestly don't know if I should laugh or shake my head at the disbelief and stupidity I'm seeing... =\

@Brindapr

6 жыл бұрын

The Piper Report Manipulative Peter Schiff, those questions were actually answered, check out the original video here kzread.info/dash/bejne/lIp9saWlhJe4p9Y.html Start at 16:00

Nobel laureates in economics are more comedic than comedians.

This is completely insane.

Peter, This is sad and yet so typical. No wonder the world is going to shit! Thanks for showing us this video. Now we know why the people need to take matters into their own hands. I feel sorry for anybody who does not hold physical gold and silver when it all goes down!

"He didn't even have glow-in-the-dark pants!" LOL.

@chriscornelius2518

7 жыл бұрын

Michael ThatsWho That was too funny.

@chriscornelius2518

7 жыл бұрын

Michael ThatsWho maybe the best line I have ever heard on any commentary.

They're handing out Nobel Prizes like candy nowadays...

...And asking them to talk about solutions in the time frame of a press conference is like asking someone to meaningfully summarize the Encyclopedia. I've seen and been part of situations similar to theirs. The laughter and awkward pauses are not out of bafflement, but incredulity. Here's a more appropriate answer from a comment later given by Dr. Sims: "If I had a simple answer, I would have been spreading it around the world.”

Classic Peter Schiff. Hilarious stuff, love it

How embarrassing. These guys are paid to do what exactly?

@bighands69

10 жыл бұрын

Or maybe they are just hitting stage freight.

@MrCanofpeas

10 жыл бұрын

informedskeptic. They are paid to teach our children.

@jimmy20097

9 жыл бұрын

Obama didnt do anything and he also won Nobel prize

Why the panelist economist didn't answer the question is probably because this is how politico economics works. They can't tell the truth either becasuse they don't know it or they don't want to get on the wrong side of politics of the day and get no more polically motivated prizes. .

There is only one guy and that should be you Peter Schiff. I bow down to you and your knowledge and the way you can teach people Economics.

The answer is to motivate all lazy ass to work and harder. Stop wasting the working citizens taxes on the welfare kings and queens. And forget about all stupid minimum wages and health benefits from the employers. Market will adjust itself and government is the problem as Mr. Milton Friedman had said.

Should've gotten an economist from the fed reserve,bls, or any agency that deals with analyzing aggregate economic data for the u.s. These economist probably only know very specific information about a subset of economics such as game theory. If they had a macroeconomist I'm sure the response would've been different.

By the way Mr Schiff I love these shorter videos my attention span can't really go beyond 15 minutes for any KZread video

Great Broadcast!

If I was Mr Nobel, I would be rolling in my grave.

Ha Ha Ha. Great stuff Peter. All huff but no puff from these guys.

@Brindapr

6 жыл бұрын

xynudu Manipulative Peter Schiff, those questions were actually answered, check out the original video here kzread.info/dash/bejne/lIp9saWlhJe4p9Y.html Start at 16:00

Chris Sims was instrumental in showing that in macroeconomics, sweeping generalizations and educated guesses (no matter how well educated) are almost always wrong. I appreciate that he respects that insight rather than taking advantage of everyone's assumption that he suddenly knows everything.

I can not believe : these are the persons who will "shape" the new generation of experts in economy !?!

sadly this is everywhere in the US nowadays

"A stupid man's report of what a clever man says is never accurate because he unconsciously translates what he hears into something he can understand." - Bertrand Russell

@lutharshad

Жыл бұрын

Time passed, and you are the fools here.

what is the song playing at the end?

"You shouldn't expect much from us." Exactly what I was thinking.

They looked scared till the beggining, didnt want to talk... It is probably forbidden, when you get your money, you shut up. Like in Mafia.

Reminds me of my college professors.

A fantastic video! Keep them coming!!!!

Its scary how embarrassing this is. It’s like going to a neurosurgeon for your consultation and he’s shocked and surprised when you ask questions regarding your head. What a freaking joke.

I can't believe it took me this long to see how manipulative Peter Schiff is. p.s. if you actually listen to the conference Peter is referring to, those economists actually answers all those questions. just not immediately, and Peter just cut off the answers. really cheep trick.

Very relevant for this year's Nobel prize winners.

@Peter Schiff Please just run for president. We all need you.

@blessingmansallay4559

4 жыл бұрын

He would never get elected. True Economists are never favored because they don’t just throw money at everyone.

@patrickdurst3495

4 жыл бұрын

@@blessingmansallay4559 unfortunately you speak truth. But I can dream! Lol

excellent video Peter. Gonna start tuning into this show.

Does anyone know what video he is talking about? He said he cought it on youtube but it isn't in his favorites. a link would be helpful here.

These 2 are the economic equivalent of Paris Hilton winning the Nobel prize for physics!

Funny, an economics professor had told me that once he'd see everyone "running in one direction, the wise thing was to run the other way".

where can I find the press conference?

So many years after Milton Friedman received his Nobel prize of economics and these are today’s economist. Ladies and gentleman we are TRULY fkd.

Great find Peter :-)

"Translating his work into everyday language, Sims said it provided a technique to assess the direction of causality in central bank monetary policy. It confirmed the theories of monetarists like Milton Friedman that shifts in the money supply affect inflation. However, it also showed that causality went both ways. Variables like interest rates and inflation also led to changes in the money supply." It's pretty easy to find out what they do if you use the internet...

What a nice comedy, worth a nobel award

were do i find the full video?

Schiff deserves the Nobel Prize in Economics.

Peter, please correct this video due to the editing of the original presentation done at Prinston U. This was not a true presentation of the interviews. I had to forward the correct interview to all those I sent your blog to.

What was their nobel price for? I mean, if for the last 5 years, all they did was study the european economy, I don't see, why they should have to know details about the american economy, right?

Peter Schiff, you deserve a Nobel Prize.

I just got this in my recommended and I am appalled at the awful misrepresentation. If you look at the full conference, you will see that they gave very reasonable answers to both questions.

As it turns out, the noble prize is everything but Noble.

OMG, just when i thought i heard it all.

I'm sure they foolishly thought the reporters would do their homework, and ask questions about their research and areas of expertise.

Peter, how come you didn't provide a link to the press conference? I watched the press conference in its entirety and it was different from how it was described here.

And here you have formulated an answer as to why they couldn't answer the reporter's question. You're a step ahead of the Nobel laureates in my book. Cheers to you. A more plausible excuse is that they were still suffering from jet lag and didn't sleep well. ;-}

@BeyondNeptune "The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, but officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is an award for outstanding contributions to the field of economics, generally regarded as one of the most prestigious awards for that field. While not one of the Prizes established by the will of Alfred Nobel in 1895, it is consistently identified with them..."

That's why we have politicians - to provide answers to questions no one can honestly answer.

The last part was epic ..they look at each others' faces and go "I don't know" :-)

Peter, you crack me up!!!! So funny!!!

I was a subscriber to the Peter Schiff Show back in the day. I would rather listen to him than any other host with the exception of Neal Boortz who was an absolute scream. Talk radio is so SHOT nowadays. All the great hosts are either dead or retired. 😢

there's a great example of being educated out of your common sense.

I'm half way through the interview and some of the things Thomas Sargent said was true. He talked about how to stop hyperinflation at 23:44. "The way you start it is you get fiscal policy out of control, run sustained deficits, and you have a monetary authority that has to monetize gov't debt, that will always work. How do you stop hyperinflation -- stop doing it." Christopher Sims praised Bernanke... who by Thomas's explanation of hyperinflation is exactly what Bernanke is doing to us!

There is no credibility to nobel prizes. Period.

When the guy said "I wished you asked about Europe..." I think that tells us that they are told NOT to talk about the US Economy...

@BlunderCity Thank you for taking the time to transcribe that snippet. Based on all the ill will this video has generated, I think Schiff owes these gentleman a public apology. Mr. Schiff if you are watching. Do you have ANYTHING substantive to say about the actual work which these men did to receive the Nobel Prize? I am very disappointed with your hatchet job!

Schiff, you should be the one getting the Nobel prize.

They really knew all the answers, but they thought it would be better to look stupid.

@BeyondNeptune "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded 43 times to 69 Laureates between 1969 and 2011. "

Wow. Why would they agree to do a press conference if they weren't going to attempt to keep themselves from looking dumb?

How do I feel about the theory of gravity? Well uh I would need to see the data and uh don't expect much a simple answer uh...

What about Latin America, "I don't know". Lol Where did they find these clowns, in a cereal box.

This my friends is a college education at work. . .

Anyone know the song that starts around 8:24?

It must be hard when you're not allowed to deliver a logical conclusion

Haha this is great stuff Peter!

This is like mocking a top scientist in aerodynamics for not being able to quickly explain a particular plane crush. They are theoretical scientist in a field of econometrics. It's actually quite refreshing that they didn't rush ahead mouthing away their biases like some other economic nobel laureates do.