May 07, 2008

Peter Schiff on Fox News says the US government is lying about the inflation numbers. Surprisingly, he isn't immediately assassinated

32 comments:

Budvar said...

That Koenig guy, I'm sure I've seen him before. The front cover of MAD magazine ring any bells?

Anonymous said...

Takes guts to go on the government's propaganda network and tell the truth

F*ck America DIE U PIGS said...

There is still time to kill him.

Anyone who wears a green tie has to go too...

Yoski said...

budvar,
"The front cover of MAD magazine ring any bells?"
He did look familiar...sure enough, that's him. No doubt!

Afterthought said...

Pete Schiff continues to call it EXACTLY AS IT IS!

The Neo-Cons are attempting the Weekend At Bernie's strategy on the economy, so they can "blame Obama" for the recession.

While the American people are stupid, can we hope that they aren't that stupid?

Weekend At Bernie's Front Page, PLEASE!

Anonymous said...

oh jezuz here we go again. gas and milk go up 10% and you kooks think that means inflation is up 10%.

earth to tinfoil hatters, earth to tinfoil hatters.....there is more to inflation than gas and milk. had you not dropped out of high school you might know this stuff

gk said...

Wow. Schiff has big balls that clank. I bow in his general direction.

And...he is so right. The recession needs to run its course, unfortunately. Gov needs to quit screwing with things and just let the correction happen.

Anonymous said...

The numbers are just like FOX NEWS: FAUX!!!!

Of course our Govt. has an interest in making this economy look better than it is, just like they have an interest in not making the war look like as big of a disaster as it is.

I wish we had a non-partisan committee that would digest economic info. and report regularly to the American people. Our elected leaders are asleep at the wheel entirely or are being bought off!!

The best thing Bush could do now is LET THIS CRASH RUN its course!!

Agree completely w Peter, in that the CRASH is the medicine that will eventually cure the DISEASE of rampant spending, Ponzi schemes and financial disaster!!

Anonymous said...

Peter--As usual, you are the only sane man in the room of talking heads.

KEEP taking it to the airwaves, PLEASE!

Ohio Loan Officer said...

DO NOT PANIC!

ALL IS WELL!!!!!

U.S. Government, 2008

Anonymous said...

The Bush-Cheney crime families will just have him fired.

Ford said...

LOL, he does look like the Mad Mag guy, acts like him too.

Anonymous said...

earth to tinfoil hatters, earth to tinfoil hatters.....there is more to inflation than gas and milk. had you not dropped out of high school you might know this stuff

Actually... you're an idiot!

(And you should ask for a refund from whatever schools you went to.)

I don't know about you but after paying for rent, over 60% of my expenses are related to heating (gas/oil/electricity), food and transportaion.

So yeah... if the price of food goes up, then I will notice it since I will have less cash. If the price of transportation goes up, then I will notice it since I will have less cash. Likewise for heating.

How many times a week do you buy a car?

How many times a week do you buy a computer?

But the fact is, I buy food and gas every week!

Just because the goverment no longer has energy or food as part of the CPI (Consumer Price Index -
the measure of inflation) doesn't mean that my cost of living doesn't go up.

You might be some rich ass who doesn't really give a damn because you have plenty of spare cash. But when more than half of your population had trouble buying milk, bread and gas before the prices went up - how do you think they'll manage now?

And you know what... when more than half of the population is suffering because of the rise in gas and milk prices... I call that inflation!

Anonymous said...

They do not need to assassinate him as they have effectively labeled him as a kook.

Anonymous said...

secretary paulson says we are getting in better shape now. why is it there is so much hand ringing about being in a recession or not? could it be, the ptb see that goldilocks is dead and forever more shall be?

Anonymous said...

fox is the government news mouth piece, them and CNN.

also goldman sachs is the government investment bank. now they are talking their book on oil by driving up the price per barrel and making money off of the speculation.

Anonymous said...

" But when more than half of your population had trouble buying milk, bread and gas before the prices went up - how do you think they'll manage now?"

Oh oh someone's been listening to John Edwards speeches. Did these people also have to borrow a winter coat? People have trouble buying milk yet they are lining up for days to buy a $600 phone and an Xbox. You people live in a socialist fantasy world.

Anon 12:10 is a retard said...

"oh jezuz here we go again. gas and milk go up 10% and you kooks think that means inflation is up 10%.

earth to tinfoil hatters, earth to tinfoil hatters.....there is more to inflation than gas and milk. had you not dropped out of high school you might know this stuff"

I don't give a $hit about what you think inflation ought to be measured against. Maybe a moron like you eats computers for breakfast. It would explain the moronic viewpoints caused by your nutrient-starved pea-sized brain.

Anonymous said...

oh jezuz here we go again. gas and milk go up 10% and you kooks think that means inflation is up 10%.

earth to tinfoil hatters, earth to tinfoil hatters.....there is more to inflation than gas and milk. had you not dropped out of high school you might know this stuff


_______

OK, you numbskull (Ben Bernanke maybe??? with an "academic" idea of what inflation is??????)....look at any of the following things over the last five years: copper, lead, silver, gold, OTHER CURRENCIES BESIDES THE US DOLLAR, corn, rice, wheat, college tuition, insurance premiums, HOUSES, stamps, chicken, pork, cheese, clothes, coffee, beer, beef, cars..........

Average all of that stuff out, and if you don't see massive inflation, you are living with your head up your..........oh! That explains it....

Imbecile.

Anonymous said...

Read THIS (Jim Willie isn't as well know as Peter Schiff, but he's just as right, more entertaining to read, and has some superb insight): http://tinyurl.com/5kd7x3

For those of you who think Willie is a wack job, think again. This man has correctly called countless economic events.

He GETS IT.

Anonymous said...

Disclaimer:

Any similarity of Jonathan to Neuman from Mad Magazine is mere coincidence.

Anonymous said...

The funny part is that Bush/Cheney will hold on until they're out of office, and then all hell will break lose under Obama. Obama won't be able to fix this gigantic mess, and that will send African Americans 50 years back. You won't see one African American as president of the US ever again. If Obama were smart, he would wait for Hillary to hold the chaos left by neocons, and then run after 4 years, when everything would be slightly better. Just watch and learn kids.

Anonymous said...

because of his dad, schiff has a bone to pick with the government. I am glad he is on our side.

Anonymous said...

Anonymous Anonymous said...

oh jezuz here we go again. gas and milk go up 10% and you kooks think that means inflation is up 10%.

earth to tinfoil hatters, earth to tinfoil hatters.....there is more to inflation than gas and milk. had you not dropped out of high school you might know this stuff

May 07, 2008 12:10 PM<<<

ok so what is going to happen?

inflatinary collapse or

deflationary collapse????

Anonymous said...

And you know what... when more than half of the population is suffering because of the rise in gas and milk prices... I call that inflation!

May 07, 2008 5:53 PM<<<

well actually, technically no.

a rise in prices on food and gas is price inflation. the true definition of inflation is a increase in the money supply and/or credit.

Anonymous said...

I don't give a $hit about what you think inflation ought to be measured against. Maybe a moron like you eats computers for breakfast. It would explain the moronic viewpoints caused by your nutrient-starved pea-sized brain.

------------

I would love to sit here and make you look like an ass, but your doing a great job on your own...Besides I would hate to see you cry like the pussy you are.

Borkafatty.

MAD MAX ECONOMY said...

Hey Mr. Earth to Tinfoil Hatters!!

Be careful not to gloat too much, Karma is an absolute bitch, my friend.

There will be a massive revolt against the rich minority of this country if things continue to get too much worse. They will burn your McMansion to the fuc#$ing ground, and there will be nothing you can do about it.

You will remember the day you read my note, I assure you. Never let the poor masses get too massive or too restless........

Flic said...

Yeah, I remember that Jonathan guy on the left being on that stupid Bulls/Bears show on Fox one Saturday in late 2005 (probbaly the last time I watched that show) proclaiming housing will never crash since you can't sell your house like you can a stock.....LOL.

Anonymous said...

"If you go by the numbers, we ARE NOT IN A RECESSION"---

OHHHH MY GAWWWWD!!! This Mutha Fuc@#$er is such an absolute DOLT!

Stop sucking the FAUX NEWS teat, and learn to feed yourself boy-- You are an embarrasment to this nation to look so stupid and helpless on national TV....

Then again, it is Peter Schiff you are up against...good luck with THAT!!

Vanilla Ice said...

Inflation is not increasing prices. Inflation causes prices to increase.

the other trader said...

O.K. guys and gals.

What if I gave you an investment that is guaranteed NOT to go down, and I promise a 2.5% increase in the next week?

Would you buy it?



Then buy the forever stamp before May 12th, when the price goes to 42 cents each.

I bought 1000 of them, and will put them away for the next 10 years.

A profit is a profit.
No matter how small...


Schiff rules....

Good for American PIGS. Oink Oink. said...

Game Over.

America loses, becomes certified turd-world bankrupt country.

Better brush up on your Chinese...

Good for American PIGS. Oink Oink.

DIE.