Peter Schiff was right (2002-2007 CNBC edition)

This is a collection of TV appearances from 2002-2007 featuring Art Laffer, Don Luskin, Mark Haines, Diane Swonk, Peter Schiff, and more.
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[@peterschiff]

2.5 years after my CNBC appearance with Diane Swonk, now the Chief Economist with Grant Thornton, and still a regular CNBC guest, GM filed for bankruptcy and was bailed out by the U.S. government.

[@pooyasafaei2538]

😂😂😂😂 damn

[@AB-yt8yt]

Excuse me have you been to an auto factory. Lmao. A whole generation fell in love with paper money and they don’t like us for hating fiat

[@rosyjay9437]

WHAT!!! the auto factories are booming. just go to a factory and you will see massive growth. Oh yea, you gotta get a ticket to china first though.:)

[@sergii_real_estate]

I wish there was longer clips so we could see other points where they coming from, as well as discussion overall, so we can compare to current events

[@rogerburn5132]

Peter we know that you were right then and you are right Now to. But the problem is its very difficult to convince Arrogant people like CNBC and the rest of them including people in the streets that don't know Anything obout financial operations. The only other 2 person that predicted the same as you (the collapse) was Michael Hudson and Noriel Robiny. I Remember the all thing and all other so called experts were in denial that there is any problem with sub prime lending. So you are right again and we believe you 100 %. That is why I have subscribed to your podcast and always have thumbs up

[@choncha23]

“Excuse me, I’m from Detroit. Have you been in an auto plant recently”. That aged well.

[@jakw97]

Detroit truly got it in 08. The citys is now crime and poverty

[@tommyj6481]

🤣🤣

[@muffinman1]

😂💯

[@pauloalexandre3040]

The next Peter Schiff was right is going to be epic.

[@mrt094]

The next one will be when the U.S Dollar collapse not looking forward to that one.

[@rchicks22]

@@mrt094 yes, the dollar collapse will be extremely painful, but you should reap what you sow. It will be justice in a way. Natural law and fundamentals will have there long awaited say.

[@westtexas806]

And if he is right one more time my portfolios chart is going to look like a meme stock chart.

[@suggadeg]

@@mrt094 you see the dollar the last couple weeks? Looks like Brent Johnson’s milkshake theory could be on point. I’m personally a little frustrated with how things are playing out. We are printing more money than I can even comprehend, and the dollar is getting stronger, all the while gold and silver are declining/stagnant. It’s insane.

[@npcknuckles5887]

The mother of all peter schiff was rights.

[@tobieaina]

Peter was savage back in the day "one of us is off base and it's not me"

[@bobholly3843]

Still is, that's why they hardly ask him to speak on television anymore

[@MM12684]

Peter aging like wine

[@SethPlato01]

Yeah, hair implants, look his hairline at 2:10

[@TheUnP0ssible]

@@SethPlato01 they look great tbh I see nothing wrong with people improving their looks

[@JaredFromSubway88]

@@SethPlato01 better than women with fake tits. At least his hair feels real...

[@JaredFromSubway88]

Like bourbon if you ask me.

[@lagillas]

And bitcoin is aging like a SUPER HYPER PLUTONIUM MATTER FROM A BLACK HOLE TILL THE END OF TIME

[@zero5xo]

Can't wait for "Peter Schiff was right again"

[@youtubeisfascism]

Vol. XXVI

[@paultaylor9273]

There already is a Peter Schiff was right again video on KZbin somewhere, I've seen it. He's gonna be right for a 3rd time but we may not have power or internet service by the time the 3rd video is made

[@DieLazergurken]

What is his opinion right now?

[@farticlesofconflatulation]

It’s like saying I can’t wait to make an insurance claim.

[@AC-wl7ve]

@@tonygonzales948 we're all fucked right now. life is getting so damn expensive because of all the debt in the system. i think we need a crash to go back to some normalcy, or we'll all be peasants in no time.

[@ynkybomber]

I'm from Detroit have you been in a factory lately? Hahahahahaha epic

[@rogerburn5132]

What factory is there any left LOL

[@rickmalone270]

0:43 That guy was so convinced that he was right, that he was willing to bet a penny! Now that's confidence!!

[@netrade3898]

That's like saying, I'll give you Baltic and Mediterranean.

[@jintarokensei3308]

Guy: bleeding out Peter: "You're losing a lot of blood." Guy: " Where did you get that data from?" The fact that people are so delusional is actually amazing.

[@emmeadowmitbbs3537]

They are not delusional, they are just good at lying with a straight face.

[@jintarokensei3308]

@@emmeadowmitbbs3537 I think that some of them believe this crap.

[@emmeadowmitbbs3537]

@@jintarokensei3308 Well, don't under-estimate other people's intelligence. But, in the meantime, never over-estimate their morality.

[@jintarokensei3308]

@@emmeadowmitbbs3537 unfortunately underestimating people's intelligence is much more accurate these days.

[@emmeadowmitbbs3537]

@@jintarokensei3308 I guess you are still a very young person, a little bit naïve. Think about the Fed never being able to foresee any economic crisis. Do you really believe that they are just stupid?

[@kurt6410]

Art Laffer is such a hypocrite. He mocked Peter for his prediction of the crash then after the crash Art goes on the Bill Maher show and acted like he's the one who predicted it and when bill asked art if he paid the penny for losing the bet art had the nerve to say no and justified by saying the statute of limitations ran out.

[@nultari1]

What a loser!

[@kmr512]

Didn't he die?

[@kurt6410]

@@kmr512 yes mark died in 2010 I think but that comment to Peter was in 2007 when cnbc had Peter on quite regularly

[@staleydu1]

Art Laffer is a class act. Peter has predicted 21 of the last two recessions. How often do you have to be wrong before you’re called out for it?

[@YHirschmeier]

@@staleydu1 he is right about what he says, but doesn't emphasize enough that markets can behave irational way longer than we live

[@AString95]

Peter Schiff is one of those guys that looks way better with age. Mans a stud now.

[@gruminatorII]

you have to treat yourself well i guess

[@TonyL-gw4qx]

These people were clueless as to what was coming then and they can’t see it now.

[@Prash1c]

A lot of 'em weren't clueless--their salaries are dependent on positive returns.

[@jitrapornpha5104]

Not clueless. Evil self serving liars

[@TonyL-gw4qx]

@@jitrapornpha5104 I agree they don't care about the average guy. Their jobs are to tell the average guy it's OK while their buddies get out of the market and wait for the chaos and pick up on the cheap. Rinse and repeat over and over. Agreed evil pricks

[@TonyL-gw4qx]

@Davey Crockett the next dip/drop is a trap to suck in all the dip buyers, then the bottom will fall out. Just a theory.

[@Prash1c]

@@TonyL-gw4qx Fair point and interesting theory. Also considered a similar bear case. I think we need more than a focus on the chartist mindset and seeing lines go up or down. There are some businesses that are quality busineses, and they will be here to stay if there is no unexpected headwind like civil unrest or boycotts. There are a lot of pension funds that need to protect their pensioneers liability and governments that will want them protected or else the people suffer and their votes may be swayed away from those who won't help. Also, the FEDs mission really is to soften the bust process here... The best pension strategists will likely try to just beat inflation and stick to bonds but also build a defensive equity portfolio as they rotate into sectors like consumer staples. So, price wise, those may do well, but also business wise, people will still go to Walmart, Costco (maybe!), McDonalds, your Bank, etc. so the the underlying businesses do well. Though that doesn't mean we're not in for a correction. Its just hard to patiently bet against the FED. We're in uncharted territories because retailer may build enough momentum to move the markets in ways that our valuation methods do not account for. Also, we have Q/E and low rate environment affecting everything too. Def on the same team you are... just wished this was simpler haha.

[@betsycorley8099]

Thank you Peter for being so strong in your convictions!! I really think you are one of the only people who actually speak the truth instead of living in a fantasy world!!!

[@rogerburn5132]

The other ones who tell the truth are Mike Maloney and Michael Hudson. You can check them on you tube

[@Reasonist]

Peter should have a round table with all these people herein 2021

[@jayg9862]

You was right!!! 🤣🤣 keep telling the truth Peter

[@hugovaz777]

Yo, big pun is the best lyrical rapper ive ever Heard

[@jayg9862]

@@hugovaz777 ever!!

[@hugovaz777]

@@jayg9862 nobody comes close

[@bigjohn2811]

Look at the prices of houses in Compton, CA. They have basic houses with bars on the windows going for half million dollars. Yeah there's no bubble, LOL.

[@a.r.gentum6517]

Maxine Waters don't live no hood like her voters don't, fo shizzle.

[@jaygannon3560]

in the early 2000s, people had to go to rancho, ontario, jurupa valley, norco to escape the high prices of the valleys...ff to 2021, now jurupa valley, norco, rancho, ontario are all expensive. Now, to escape the high home prices, you gotta head to like temecula. But, now even temecula is fucking expensive. Now, you gotta further east...as in Arizona or New Mexico.

[@harryzero1566]

Buy a Prison, only this type is to stop people getting in.

[@rogerburn5132]

Buy cheaper tent for 250.000 LOL

[@walden6272]

@@jaygannon3560 You now have to cross the border to Mexico to find affordable housing.

[@keithohanlon8821]

Peter wiped the floor with these goons!!!!

[@normalperson7687]

he certainly did

[@Brandon-Is-Not-Fooled]

Peter's Greatest Hits album! Hahaha.

[@RocknRollDina]

lol

[@Matt.k864]

1:35 Peters like I will Bet you a lot more then a penny 😂

[@peterbrunsgaard3309]

A well deserved victory lap. As they say, those that end up being right in the end are often the minority in the beginning. Kudos to you!

[@staleydu1]

Really? He predicts a depression every year. He’s nearly always wrong and has dislocated his shoulder patting himself in the back. Don’t be a lemming.

[@bernardgallo2884]

Gee, I wonder why CNBC doesn’t have him on anymore?? 😂He crushes these fools

[@patrickt873]

CNBC is the capitol of fake news media. They only want bubble news reporting and what the WEF tells them to

[@firstnamelastname3280]

6:15-6:25 is absolutely a disgrace. The fact that he can get himself to think that way, let alone say it in front of a live audience is an utter disgrace

[@WaylonAndST.MathyusDad35]

He only wanted to bet Peter a penny they slipped right over Peter saying "I'll bet you alot more than a penny"

[@umbrellakitty6531]

That is cool actually, he's so confident. I just love it..

[@ionutionita2977]

It’s funny how they always interrupt you and you stay so calm, letting them finish their bullish nonsense.

[@jwhinds]

Sometimes people just prefer to be lied to 😆 Peter at least you’re smiling much more these days 😊👍🏽

[@wisemanm6390]

I wish i found Peter before 2008. Im glad i started to listen to you from last year and made drastic changes in my portfolio. Thanks for your genuine advice to the people. God bless you.

[@miri9600]

"because our paper money is so precious" lol

[@AY-qf4pg]

LOL

[@freedomring3022]

We're gearing up for the next Peter Schiff was right video when the dollar collapses

[@djkramerd4582]

Bring on "Peter schiff was right 2.0" video.. cant wait😂😂

[@chialiu9075]

Those people need to go to prison

[@kurt6410]

I loved it when mark Haines said at 6:42 "this has been your predictions for how many decades now? "

[@thedubs999]

"I'll bet you a lot more than a penny" lmao

[@VanquishMediaDE]

When Mr. Schiff speaks I listen. Thank you sir for all you do for us!

[@tavaresmuhammad1872]

This is so amazing I remember being a mortgage broker at this time thinking that we would just going to make money forever! You were like a prophet crying out in the wilderness telling them what was coming and they didn't listen now here we go again round two I'm sure you'll be right again!

[@kevinswift8654]

Similar attitude going on right now: we can go on making money forever.

[@tavaresmuhammad1872]

@@kevinswift8654 Yes sir it is Madness!

[@JessicaHicks]

That lady said “we have an efficient economy” with a straight face. 😑

[@Lori1976]

Like she’s paid too almost... 😑

[@JessicaHicks]

@@Lori1976 true

[@sharoncampbell5734]

This is halarious! Peter is always so calm through it all that is what amazes me lol

[@colony8915]

Of course. When you are 100% correct, and you know the outcome, and have nothing to hide, or lie about....why wouldn't you feel perfectly calm? You don't have to constantly think up of new lies to defend the old lies that are being exposed.

[@npcknuckles5887]

6:03 $60 billion / month trade deficit? It's $80 billion / month now.

[@celebrationsbridal]

6:16. "Billions of peasants worldwide are willing to work in poorly lit, poorly ventilated factories just to get our paper money because it's that precious." Reminds me of the line in The Big Short, "They're not confessing, they're bragging."

[@erminm4107]

Mr. Schiff great economist 👍😎👌💪

[@iGoogledit79]

They knew, they just didn’t want us peons to know. Peter wasn’t fighting with ignorance, he was fighting with arrogance and the lies of a colossal attempt to cover it up. Only a small % seen through the lies, the rest followed like sheep to the crash, and still follow like sheep.

[@dennouvelle7524]

Peter Schiff: How are consumers served by having the value of their money/savings/wages diminished? Clueless Keynesian: I don't think the Fed has any impact on that at all.

[@Dangermouse2256]

That floored me. I had to rewind just to hear that again - couldn’t believe it

[@eralddavid6892]

This lady might be thinking money is just money and forgot that supply and demand still affect them

[@tonefaulcon9729]

I was like “whaaat?!? 🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️”

[@Ultrageizt]

Now THIS Is Digital Gold! Thank You!

[@loveiscar]

6:15 dude literally called people trying to make a living peasants...

[@kalatime6259]

Glad somebody noticed that , we’ll see how precious our money will be when the “peasants “don’t want it anymore.

[@jussi3378]

He was being sarcastic, but it was true that most 3rd world peasants value dollar higher than their own currencies, and history has shown this to be right attitude

[@thinkingronin6178]

The most dangerous words in the world for economics are, "this time it's different".

[@rickmalone270]

Peter's economic knowledge could fill an Olympic sized swimming pool. All the others in this video collectively couldn't fill a teaspoon.

[@evazheng2046]

Peter says: "The emperor doesn't wear any clothes". everyone else says :'The emperor looks great on whatever."

[@tonefaulcon9729]

Now they don’t even bring Peter on the mainstream channels anymore. They don’t wanna take that L. Remember, when it comes to financials, BOTH conservative AND liberal mainstream media avoid this message.

[@valueinvestingwithconnor5581]

I literally know these word for word, I watched the original so many damn times 😂

[@Jack-wk7yi]

Brilliant

[@Kennan_Davis]

That man just said “billions of peasants”. 6:15 What they actually think of other people is crazy

[@deluxebeauty8351]

It give me chill watching this 😮

[@bdubb5390]

Ppl see it much better this time because of people like Peter. Keep it up Mr. Schiff!!!

[@kilometeres1962]

This is extremely valuable content. Thanks for going through the work to put this together.

[@rebelinvestmentmanagement]

These videos really help you realise how most people have no idea what they’re talking about.

[@eb3632]

Hairline never changed.

[@MyMy-tv7fd]

LOL

[@JaredFromSubway88]

They made a movie about Peter's hairline.. "Miracle"

[@silverdrillpickle7596]

I especially like how everyone speaks simultaneously.

[@jd2931]

Peter will be right about btc in the end

[@memillanf]

Brilliant, Peter

[@mannygfigueroa8391]

More like Perer Schiff 2002-2007 before wealth edition, and 2021 is Peter Schiff's glow up, this guy is a handsome gentleman now with hair. I also get chills when I realize that Peter Schiff was right when he was labeled as a lunatic by mainstraim media. Boom! Go Peter!

[@Dato0011]

So it's confirmed, Peter's hair turned gray trying to argue with idiots

[@thereadinginvestor7276]

i enjoyed this video

[@elhefe808]

Love your work Peter! #cantstifftheschiff

[@RollyBalondo]

and you wonder why CNBC is still on air?

[@davidkrumrieii8988]

It's so much worse now we are so fucked

[@MoM-do7js]

Excellent 👌

[@AntonKolhanov]

AMAZING!!! :) KEEP IT GOING thank you!

[@sven7736]

Makes you realize most people are full of it

[@sergioh5515]

Love him or hate him: mad respect 👏

[@richardlellip.e.m.b.a.7969]

My biggest indicator is not seeing for sale signs in Florida by Berkshire-Hathaway when they were all over the place last year -- problem with Bubbles, is you know they're coming, but you don't know when -- like 2007, I thought the housing correction would've occurred by now.

[@LeviGarcia.1]

Peter, I just hope all those guys are subscribed to this channel 🤣

[@stevemiller235]

Good stuff Peter!

[@maburtmd]

Thank you for spreading the truth. Because of you and others like you sounding the same warning, we are ready for the next storm.

[@y.3.k]

Hey Peter, can you talk about Basel 3 and its impact on Gold prices. Love your podcast!

[@noweotra8243]

Thank you Peter. Happy birthday Thomas Sowell.

[@kriskris4776]

Peter, you are truly the BEST

[@johnmorales9458]

Mr. Schiff is a smart man I watch all his videos.

[@jeravincer]

Wow. Worth watching.

[@Amivgr1]

This is great.. but shocking to watch the rampant incompetence... or lying

[@StoicBarbarian]

Did you get your penny and signed letter from Mr. economics there?

[@gabrielw7773]

I get so tired of these people who have such closed narrow minded thinking that their minds aren't even open to what could happen negatively. I just don't get these people. All I ask is just think logically. Peter you should be ashamed of yourself for telling the truth and making so many people look foolish. And now the trolls are back speaking negatively about Peter. Peter I hope you get the chance to shut them all up again soon.

[@anastaciolepe6168]

Never seen a broken clock be tight so many times...

[@mosthatedwrx6117]

Peter I hope you went back and smacked these idiots with the truth!!

[@skullsplitter3653]

5:10 Bear Stearns 3% gain 🤣

[@NineteenEighty-Four]

Wait. Can I regrow hair as I get older??

[@edwardmclean5373]

Peter should have tacked on a Keeps sponsor spot at the end. 😂

[@NineteenEighty-Four]

@@edwardmclean5373 It really works! 😎

[@JaredFromSubway88]

With money like his, anything is possible.

[@Dave.S.TT600]

Nailed. Well done, Peter. and thanks for helping us Little Guys with your advice.

[@LouWillx23]

4:00 and this time in auto , Peter is a genius man …

[@jdwilder63]

I was a Peter Shiff before watching this video, Now I am a HUGE Peter Shiff fan!!! Too bad these networks don't invite him back. Lucky for use there is KZbin. Hopefully KZbin doesn't censure this channel.

[@sanpedrosilver]

“ You’re getting propaganda”! Schiff knows his Schitt 👍🏼

[@NGUSA1]

Get them Peter!

[@beavis408]

"I'll bet you a lot more than a penny"

[@iminlastplace]

To quote longshanks from Braveheart, “sheep! Mere sheep!” Keep going Peter! Your work, passion, and commitment to educating people is motivating.

[@kmr512]

Peter was so right CNBC stopped inviting him. They are in the business of manipulating - not telling the truth! 😂😂😂

[@ashsobhani2379]

absolutely priceless content. Share more old clips pls and start putting together today's clips for tomorrow

[@neil03051957]

The biggest 'I told you so' is coming now. Thanks PS.

[@stlouisix3]

Peter Schiff will be right again ⬆️✔💯

[@stevelinbergbaby135]

Oldie, but goodie👍

[@JoshCousteau]

You have been calling this next crash for a long time now. One decade it will happen again and can't wait for your I told you so videosssssssss

[@ProjectYaris]

Peter's hair has improved greatly over the years, our economy however continues to recede.

[@chillbill1139]

Take my like ya scrawny bastard.

[@6times7equals]

I admire your fortitude Peter keep it up

[@Clubrat]

Peter Schiff doesn’t drink the Kool-aid. He is a true patriot!