The host admits he knows nothing about economics yet can't keep his mouth shut

@guymcbeard211

7 жыл бұрын

Ha! Seriously. Wonder how much he has made through investments.

@cksrufthsu

7 жыл бұрын

OMG Totally Agree..... this guy is so annoying... I wish the Charlie the Unicorn comes and shut his mouth

@wxfield

7 жыл бұрын

I don't know why Peter appears on these shows. His time is worth more than dueling with people that think intelligent conversations should degenerate into ad hominem. Panelist Betsy Stevensen obliquely called Peter and "The Right" Paranoid @13:12. She barely opens her mouth here and when she does..it's nothing but horseshit that falls out.

@guymcbeard211

7 жыл бұрын

+wxfield I had the same reaction as well. I admire the patience and tolerance Peter shows on these shows. Can't say I'd be handle the amount of ad hominems he has been subjected to with the same amount of composure.

@pmrufo

7 жыл бұрын

wxfield I thing he goes to shed light on these lost souls.

a professor is telling a successful businessman about business, it must be nice to be so smart and self-aware.

@bulltraderpt

7 жыл бұрын

A Professor? Did he get his degree out of a cereal packet?

@nanky432

7 жыл бұрын

This has always been my point, if these people knew so much about business, finance, and economics wouldn't they then be super rich? The problem with academia then becomes clear for all to see. You are more likely to learn more about business and economics from Peter Thiel or Peter Schiff than you would ever do from a professor.

@LFSPharaoh

7 жыл бұрын

"Those who can't do - teach" "Those who can't teach, teach gym" lmao

@cnnnpc4351

7 жыл бұрын

Schitt is not a successful businessman. He is a conman that has scammed people out of their life savings into buying worthless metals. That's why he refuses to report financial statements on his website because he knows if people know the truth about him, all his phony credibility will fall away.

@LFSPharaoh

7 жыл бұрын

John Smith - lmao

Liberal: "I could probably disagree with everything you said." Schiff: "-and you'd be wrong." He got Peter Stiff'd

@neilk1121

3 жыл бұрын

I think all the panelists not named Schiff, are so brainwashed with their understanding on Econ 101.

@billmanhillman

3 жыл бұрын

Typical UNC education. They think they know everything.... Yet, they're almost always wrong.

@libertyliam

3 жыл бұрын

That got my Peter stiff

"Joe Rogan, you're smarter than a lot of these Ivy League graduates because you've got one thing that they've lost....common sense" - Peter Schiff on Joe Rogan podcast

@shastflamearashi6428

3 жыл бұрын

ooh gotta listen to this

@user-sx2hy8zf5r

3 жыл бұрын

Pls time stamp and the channel. I’m too lazy to find it myself 😆

@MrMultifunc

3 жыл бұрын

@@user-sx2hy8zf5r it's the very first thing on the first podcast. He has appeared 4 times in total on the podcast

@johnnym9498

2 жыл бұрын

Haha yess I hear it in the podcast 😂

Schiff is on a whole other level compared to these stooges.

@jsunastrology

4 жыл бұрын

bigbenff1 yes ! This is ridiculous ! They should just let Schiff speak

@climaxhubbard

4 жыл бұрын

he also might be the most patient person on the planet..

@barjinhavo

4 жыл бұрын

climaxhubbard or the most ballsless

Is it me or are the kids trying to recite the stuff they learnt in economics 101. And then, look to their mates to be validated for their input.

@maurijr10

3 жыл бұрын

Brett specially mama goose sitting in the middle. She’s trying so hard to remember what she studied in macro that she can’t even articulate a valid argument

@McMarvin42

3 жыл бұрын

astute observation Brett

@scoobydoo3322

3 жыл бұрын

@@maurijr10 Mama goose 😂😂😂😂😂😂😂

@Himself42

3 жыл бұрын

Economics 101 would’ve told you schiff is right

@kelvinnguyen6048

2 жыл бұрын

Lmao 🤣

Imagine being so unlucky to have Karl Smith teaching you economics at university.

It’s 2023. This aged like fine wine. Peter was right & outsmarted the professor.

"Imagine in a few years the debt is 20 trillion" Done

@Sluggishbeef6

4 жыл бұрын

Way done now... 24 trillion and going up fast

@odashogunate1978

4 жыл бұрын

@@Sluggishbeef6 Now at 25 trillion. Think we can get to 26 before the end of the year?

@jimmibuffe4819

4 жыл бұрын

Oda shogunate im betting 30

@MIKESTREED

4 жыл бұрын

Lol. 20 trillion...

@timzz4720

4 жыл бұрын

I bought a 29 trillion call for before November.

It's funny how they were all laughing at Peter about inflation at the end of the video and now inflation is setting in worse than possibly ever before.

@gregorysagegreene

Жыл бұрын

And some of these dork posters on here 5 years ago were saying everything was gonna' stay great.

This is why podcasts were invented. No interrupting every 5 seconds, subjects are explained and debated efficiently and thoroughly. Thank you peter for your podcast

“Paul Krugman called the housing bubble too!” Paul Krugman, the guy who said that the internet was worthless and bound to fade off? That Paul Krugman?

@Slayer8957

3 жыл бұрын

He also called for governments to team up to fake an alien invasion to spur economic growth. Straight psycho.

@pimpinmagicianofprophecy

3 жыл бұрын

Mongolite

So according to Karl, all we need to do is raise prices and then demand will increase. What a freaken buffoon.

@Blackridge.

6 жыл бұрын

Jason C how could you ! Hes a university professor..😂

@garden__warrior

3 жыл бұрын

Well thats what they are doing with regard to their universities

@Ryanconstant12124

3 жыл бұрын

Who Karl marx

@drewcohen8237

3 жыл бұрын

What they don't seem to see is that the money they are giving to people to consume doesn't reflect actual wealth created. Thus, the starting point for any consumption is the existing wealth base. It doesn't matter how much "additional supply" is created to use his words, because that additional production will itself entail additional consumption. On a net basis, using up the capital base through inflation makes up poorer, even if you see more "economic activity". Using resources to replace wealth destroyed through consumption doesn't accomplish anything, and dilutes the very savings pool we need to engage in real capital formation to get us out of the recession. Plus, a lot of what would be "consumed" would be from things overseas anyway, which would at least outsource the inflation, but wouldn't help anything here like they claim.... Also, Karl misses that one of the problems that occurred during the boom was not enough saving to support the investments made, AND over consumption. What we need to solve the problem is less consumption, more savings / investment, not more consumption. Could these fools get any more wrong? And they are the ones teaching our kids at university? No wonder we are in the shape we are in. You talk to an economics major, they will have never even heard about Mises, Hayek, Rothbard. The worst thing you could do to learn about economics is major in the subject.

@codelessunlimited7701

Жыл бұрын

This clown professor brainwashed more people than Karl Marx could ever achieved.

Do they give out professorships in cereal boxes these days?

@LOUDMOUTHTYRONE

7 жыл бұрын

D K Yup... I have a PHD. It's on my t-shirt.

@alexeivoloshin5984

7 жыл бұрын

D K Very much so. Cereal box profs bring in Obama cash from student loans and give cereal box education.

@EmperorsNewWardrobe

6 жыл бұрын

Hahahaha ow

@yolodaswagg

6 жыл бұрын

just about...

@scdevon

6 жыл бұрын

Not cereal boxes. Affirmative Action.

I used to dream of being a Wharton Graduate, then I watched this and realized it doesn’t mean a goddamn thing. Clueless.

I can’t even finish this video, the ignorance from these “experts” is unbearable. How do you sit through this Peter??

@reterumstrict1091

3 жыл бұрын

Ikr

@indo3052

3 жыл бұрын

Lmao. Hes got soo much patience

@valiyapurakkalNarayanankutty

3 жыл бұрын

Yeah like 3 minutes in I'm like peter why aren't you yelling some sense into those morons.

Now everyone knew the housing market was going to collapse 😉

@swfsql

4 жыл бұрын

I hate that. People deceive themselves - they don't even notice - that they automatically convince themselves that "they knew it". They completely forget that they were clueless and plain wrong, and they also forget that they actually changed their view and that "now they know it". For them, it appears they always knew it. And the actual funny thing is that they still don't understand the causes, even now, after it happened. I had professors, colleagues and family falling into that kind of cognitive dissonance - on various subjects, not particularly about the hosing bubble.

@krismine99

3 жыл бұрын

Makes me think of Covid. Everyone in government was ignoring it, republicans and democrats, fighting policies that would have reduced the spread early on. Now they all claim that they made the right decisions and knee the whole time

@curley9310

3 жыл бұрын

@@krismine99 Proud to say I saw the turmoil, and moved quick. Sold everything in February, bought silver. Up 55%. Bought back into some aerospace defense companies, a paper company, and cisco systems recently to get out of cash, and holding on while the whole place goes up in flames. Its not a genius move, but it was practical for me given the uncertainty. People like this all act like they were buying credit swaps back in '07, when in reality they probably lost half their accounts, panic sold, and rebought at some point after it all started to go back up, and they've convinced themselves they saw it coming lol.

@____gone763

3 жыл бұрын

Thiago Machado Nice little write up you have there but schiff is actually on public record claiming it would happen before it did so your point is a little moot in this case

"Well you'd be wrong" 😂

@LTitus-qy4pw

3 жыл бұрын

😂

@reterumstrict1091

3 жыл бұрын

Siobhan 😂

@tomr6955

3 жыл бұрын

so good

Schiff argues only one point. one point only. The Federal Reserve is the cause of the current financial crisis. Why is that so hard to understand?

@Fabric_Hater

3 жыл бұрын

Statists gunna state. Statists know they need the fed to get their programs in place. It's that simple.

@whydotheytry7940

3 жыл бұрын

Milton Friedman blamed the feds too

@____gone763

3 жыл бұрын

whydothey try and he was a smart man for it

@vdmur7952

3 жыл бұрын

Most people are incredibly stupid.

@thomasmantle

3 жыл бұрын

These people don’t understand the consequences

I can't even listen to these people. I don't know how Schiff has the patience to listen to this Bull

I can hear Peters heart break when the woman starts talking and you get a close up of his face filled with disdain.

This liberal has had 1 too many starbucks vente's.

@gregorysagegreene

Жыл бұрын

Hey! I like starbux venti's. Well I did until 2021, when they chased this semi truck driver away with all their closures and bullshit. As Schiff would say, "You reduced the supply, and that's what destroyed the demand." In my case, permanently, 'loyalty destruction 101'.

that black guy who says he predicted everything should be predicting another "peter schiff was right" video.

They are trying to remember what they read in a textbook and Peter Schiff is talking from experience.

@andresp7136

3 жыл бұрын

In a textbook written by a professor who influenced them to dress the way they are right now.

PETER I DON'T KNOW WHY YOU WASTE YOUR TIME WITH THESE PEOPLE

@angrydollar9294

7 жыл бұрын

no publicity is bad publicity

@LOUDMOUTHTYRONE

7 жыл бұрын

contreeman Peter is sacrificing himself to get the message that the fed is fucking up the country.

@filesshared9431

7 жыл бұрын

Peter was the only adult at the kids table.

@ryanmclaughlin587

7 жыл бұрын

If he doesn't do these types of interviews then it will be a complete echo chamber of liberal economists. Peter needs to be there to show an alternative POV.

@ronaldbrumwell8414

7 жыл бұрын

Ryan McLaughlin Exactly.

You absolutely destroyed them. The dude even tried to change the theme of the discussion so you'd lose the argument, but you sat tight and beat them fair and square nonetheless. Props to you, Peter.

The host is the most annoying person I’ve heard

@danielorlov7460

3 жыл бұрын

You should see him now.

@iscrulz

3 жыл бұрын

@@danielorlov7460 No

This won’t age well for those not named Peter...we are going to be screwed by poor policy

@simplebott4812

3 жыл бұрын

I've got my 3Gs ready. Gold, Gas, & Guns

@KattBon

3 жыл бұрын

@@simplebott4812 don't forget the grub.

@sterling7178

3 жыл бұрын

@@KattBon and the green. Oh wait!

@erichong5735

3 жыл бұрын

@@simplebott4812 gas isn't a good idea...

This is why they don't let you on any more. You make them look like fools.

This was so painful to watch. Peter keep up the good work. Congrats for not losing your temper, I for sure would have.

Can anyone show me a video of Karl Smith predicting the financial crisis? Because I don't believe he did. And therefore I'm pretty inclined to listen to Schiff

@thomasgriffin3938

7 жыл бұрын

Yea its on the darkweb

@sterling7178

3 жыл бұрын

It where his opinion comes from. Out of his a$$.

the audacity of some college kid to speak to a person who actually employs 150 people.

The only thing Karl Smith can predict is how many cheese burgers he can eat for lunch.

Peter how you get so much patience?

@Blackridge.

6 жыл бұрын

Marco Almeida discipline.

@rudybonilla9271

5 жыл бұрын

Excuse in his mind he knows that facts are facts no matter what people say and sometimes it’s just getting to say the facts even if no one listens

@lukemccann

4 жыл бұрын

Retweet

@christopherking2012

3 жыл бұрын

Being correct grows confidence

@lazaroortiz9546

3 жыл бұрын

I was thinking the same throughout the entire video lol

Peter Schiff on MSNBC is like when you reach max level in a game and go back to the tutorial area.

A student, a teacher, a TV host and a self made multimillionaire walk into a bar…

why there's a mini Ron Paul on the corner

@gfcardi

7 жыл бұрын

!!!LIBERTARIAN MOMENT!!!! Lolz

@truthspeak6608

7 жыл бұрын

Lucas Michael Luzzi ya da fuck

@shirtjuggler

6 жыл бұрын

because Peter grabbed this video from another channel that supported ron paul

@jamie2866

5 жыл бұрын

Imagine if that was on every video

Peter is right, inflation is already here. food prices are going up.

@kx65andyx85rider

3 жыл бұрын

Tell me about it. Give this comment 1 year to age, then I’ll really be saying it

@seang9153

2 жыл бұрын

@@kx65andyx85rider It's been about a year. I think they're feeling it.

@DJSerpent

2 жыл бұрын

hows inflation everyone?

@CarlFGauss-qn2cq

2 жыл бұрын

@@DJSerpent It's great. Keep it comming.

Peter Schiff is one of our brightest minds in the financial sector. This man carries & swings a big economic hammer of knowledge. Everyone that challenges his theories seem to have no more than an ear piece & a microphone..with no hammer, no brains, nor bright ideas.

I wouldn't send my kids to those two schools - UNC and Wharton, even if they pay me! Only mistake I've already committed is, I graduated from a Cambridge, MA based ivy, which is yet another hub of clueless liberal students and Profs! Lady from Wharton says: "fed has done too little.", what would she recommend, freshly minted paper from air?

@venomf0

7 жыл бұрын

Sivaram Iyer lmaoooooo

@gregg5149

2 жыл бұрын

Maybe they can create a brain out of thin air from her skull cavity

Peter, how are you able to sit next to them without CHOKING THEM TO DEATH!!!?????!!?

@TauroChuck

6 жыл бұрын

Bror King you got it right the host and the bubbly boy

@Rapturo_to_YESHUA

6 жыл бұрын

He enjoys knowing that people with intelligence watching the show are laughing at how dumb these numps are, that's why. ;P

Jesus, how can you talk with those jabronis, without going crazy?

Chris Hayes killed that conversation when he said lets not focus on the cause.

"I don't know what point I want to debate because I probably disagree with everything you said." "Well you'd be wrong." hahahahaha

The FED should let the market set rates. We need a free market in money.

@MrCard031584

7 жыл бұрын

Tom in Puerto Rico the fed shouldnt do anything but go away.

@watchingpilgrim8851

7 жыл бұрын

I agree however...wish in one hand and poop in the other; see which one fills up first. In other words, don't hold your breathe...

@tominpuertorico1689

7 жыл бұрын

+Moragauth, what you said is quite true, but dapunisher didn't deserve an informative reply. Still, thanks for the response. In addition to what you said, if the FED didn't set rates there'd be no such thing as 'whisper numbers'.

@mattlangstraaat3508

7 жыл бұрын

Tom in Puerto Rico. tom in a failed state... your wrong! fed should be dismantled.. along with most government intervention and regulation.. here in the usa, we have this thing called the constitution written by geniuses whos sole purpose was to limit the government... how is government working for you in pourto rico?

@jayjayr733

7 жыл бұрын

Tom in Puerto Rico That would mean they shouldn't exist.

"You weren't the only one who predicted the housing bubble" "You don't know what you're talking about" Dude contradicts himself in under 10 seconds.

I hate moderators. Always disruptive when the conversation gets interesting.

“I’m not the economist but I’m gonna keep talking cause I think I know the rebuttal to this one” 😂😂😂

Thanks Peter for sounding the alarm for so long, even though it mostly falls on deaf ears. You are the most level headed person I know of when it comes to economics.

The Wharton school is really clueless.

Rule no. 1 to succeed in market : Never laugh at Peter

Peter said banks would fail. Boy was he spot on

Karl and Betsey are soooo clueless. And Smith predicted subprime crisis , give me a break

@simonbentley5719

7 жыл бұрын

GiveMeEyeballs yea. when a professor of economics states the fed can control inflation up or down.?? ...Karl? really?

These people have no clue! Great job Peter!

all these people act like they know whats going on but the richest at the table is peter.... maybe they should listen lol

"Things are different when you have a crisis." No they are NOT. When you are having a crisis, that is the MOST important time to be doing the right thing! Doing the wrong thing just ensures that the NEXT crisis will be exponentially LARGER!

Interviewer: I am not an expert on economics Also Interviewer: here, here’s my point, here’s my point! This is very important! And I think for people at home this is very important!

They are so dismissive of Peter’s predictions, yet here we are, $33T in debt paying $1T in interest per year.

@brandonbaker5884

8 ай бұрын

Correct, and soon to be insolvent.

So insane how literally everything Peter talked about in this video is coming true now. Rising rates, interest on the n'tl debt getting unpayable. Inflation out of control, Bank failures too. Peter is early, never wrong.

THE WORLD IS FLAT -THE EXPERTS

@goodluckwithallthat

7 жыл бұрын

Bruce Clark shut the fuck up idiot

@ebenezerclark123

7 жыл бұрын

You must be an Expert on Idiots

@goodluckwithallthat

7 жыл бұрын

You're a fucking idiot. I told you to shut the fuck up!

@petrg.3752

7 жыл бұрын

No Bruce, the world is not flat. I spent two years on this, trust me, the flat earth is for idiots who think they are awake and everyone else is asleep. Wake up and use your brain

@ebenezerclark123

7 жыл бұрын

The Experts of 1400 would tell you it is flat, they are no smarter now

It’s like he’s trying explain particle physics to a particle

5 year later, now we know who understands supply and demand.

Ron Paul in the corner of the video was biblical, I love it

No not liberals, these are socialist. Remember a liberal is someone who believes in limited government, personal responsibility and individual rights.

Peter Schiff rocks.

I dont know why people don't listen more to things that obviously will help our economy , listen to Peter!

A economics professor telling a business man he is wrong ?! 🤣 Remember, those that CAN, DO. Those that CAN'T, teach!

That NC encon professor is smiling amd snickering because he's intimidated by Peter's knowledge.

Peter Schiff ain’t even listening to the trash talk of the interviewer 🤣 “My math is wrong, it’s actually 2 trillion dollars a year“

This aged well, like all Peters opinions and views on the US economy.

These guys are frustrated, they get nervous when the truth comes out.

"I'm not the economist at this table" awe look, he defeated himself! :D

Guy from the NAACP weighs in! lol

And to think I once wanted to study economics at Wharton. Smh

peter schiff is great and makes these clowns look like absolute fools

They got Schiffed.

Holy crap, seems like they picked up the Karl Smith guy from your occupy wall street video.

There is a saying ‘if you’re the smartest person in the room… you’re in the wrong room’. Peter should have walked around the 27 second mark. Comedy gold 🤣😁

Again.....Peter Schiff is going stronger than ever in 2020 and where are these hacks? Exactly.

I'm not an economist, and I'm supposed to be facilitating the conversation, but let me respond anyway ...

Chris Hayes: "I'm not the economist at the table." No shit

2020 , greatest crush in human history is continuing. Peter ♥️

Good job Mr. Schiff for keeping composure.

What qualifications does Rachel Maddow possess that makes her think she can moderate an economic discussion like this?

we fucking love you mr.Schiff !!!

Absolutely outrageous that this guy is an economics professor! He doesn't know what he is talking about.

how does Peter Schiff stay so calm and patient with these fools? Man I'm exhausted listening to these kids.

These kids get an A+ in Keynesian economics and F in basic economics

Lmao “I’m not the economist at the table” then he acts like an he’s an economist. The media doesn’t understand the economy at all!!!

They’re all so smug and they don’t really want to have a nice conversation, they just want to show that they’re smarter. Peter is so far above the level of these other clowns it’s embarrassing for them.

He warned us for the GFC and he’s warning us again yet still no one is listening

He's A Prof. #Joke

Respect to you Peter ... not sure how you keep your cool with these Keynesian fools!

@watchingpilgrim8851

7 жыл бұрын

nice rhyme :D

Thank you for the great community service, Peter!

Thank goodness for you Peter

I love the Ron Paul on the right-bottom side :)

Wow, just wow.... Sadly this video doesn't surprise me though...

"Hasn't happened yet" Famous last words we keep hearing again and again and when it comes...... "No one saw it coming. It was unprecedented." These people make me sick to my stomach!!!

PLAY THIS IN 2021

And Mr Karl is a professor... Matrix full mode on.