Peter Schiff - Market Crash

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.4 • 1.9K Ratings

🗓️ 30 November 2013

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

Peter Schiff is an American businessman, investment broker, author and financial commentator. He is the CEO of Euro Pacific Capital and host of the nationally syndicated Peter Schiff Show. In 2010 Peter ran for the United States Senate and is a regular on CNBC, Fox News, and The Daily Show with Jon Stewart.

Transcript

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0:00.0	This week on London Real, we have American businessman and financial commentator Peter Schiff.
0:06.0	If I make a hundred million, I had to create a lot of jobs to make that money.
0:10.0	That's the point.
0:11.0	Property prices are too high. Property prices are too high.
0:13.0	Stock prices are too high.
0:15.0	They have to come down.
0:16.0	You know, the banks they know what they're doing.
0:18.0	But if they knew what they're doing, how do they cause the crash?
0:20.0	Our whole economy in the U.S. is based on debt. It's based on borrowing to
0:24.1	consume, borrowing to speculate. We don't have a genuine recovery. It's
0:29.0	phony. All the Fed did is blow some air back into the deflating bubble. People should make
0:34.6	themselves more aware of what they need to do so they don't end up losing their
0:38.9	pension, end up losing all their savings. We're starving Main Street for capital while we're propping up Wall Street.
0:46.2	Relying on hope is not a strategy.
0:50.0	Bundenreel presents Peter Schiff, market crash 2014.
0:55.8	It's not that I want bad things to happen.
0:58.6	I just know that even worse things will happen if we put it off.
1:02.0	Happy Thanksgiving. things will happen if we put it off.
1:03.0	Happy Thanksgiving and welcome back to London Real.
1:08.0	This week on the show, we have American businessman and investment commentator Mr. Peter Schiff and this guy is the real deal.
1:18.7	He was an economic advisor to Ron Paul, the presidential candidate.
1:24.8	He's a regular on CNN on Fox on the Daily Show with John Stewart.
	...

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