Rising global stock markets and proposed tax code changes

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    1. Comment by desperatefight on 18 December 2010:

      I’m just looking at the “peace statue” in the book shelf.

    2. Comment by ALTERED13TH on 18 December 2010:

      The U.S. economy is actually headed into a very serious depression. From the year 2000 the Dow has lost 39% which is close to the loss of 42% for the decade of the Great Depression. Trade is also down to Great Depression levels and industrial production for the past nine months is in a decline similar to the nine months after 1929. This calamity has only just begun. Besides, the market has been tanking the last few days.

    3. Comment by thirty2ncountin on 18 December 2010:

      Though I agree, advising doesn’t necessarily mean making policy. No politician will ever do anything that will collapse the economy, even if it was for the best.

    4. Comment by litetheory on 18 December 2010:

      Peter, you SHOULD be the Chief US economic adviser.

    5. Comment by thedopeman on 18 December 2010:

      well i think that considering all definitons today for inflation are from the demand side taking from the supply side is logical. Moreover if you live in country that considers inflation at 20-30% to be realistic than that sucks Australia my country defines it as between 2-3% to preserve the purchasing power of our dollar of course

    6. Comment by Perceiving on 18 December 2010:

      Very interesting (Scary) stuff about burden of proof!! Did Obama study law to figure out how to take away individual rights? Perhaps he believes that rights should be given to a select group of people and taken away from others. Time will surely tell and we won’t have to wait too long at this rate of change.

    7. Comment by ncurran1987 on 18 December 2010:

      I only got onto this guy recently and he’s pretty cool. I’m beginning to love him more and more.

    8. Comment by btbking on 18 December 2010:

      you da man

    9. Comment by thefayed on 18 December 2010:

      Yes i agree with your first paragraph. Technically `inflation` is just an increase in money supply. However when people actually yes inflation they usually mean consumer inflation.

      It is a fact to say that increases in money supply have not always led to increse in consumer inflation, it may or may not this time. Yes `IF` they dump the dollar, i am glad you have admitted this is just an if. I live outside the US, it is unbelievable how much confidence foriegn investors have in the dollar.

    10. Comment by RAMKING61 on 18 December 2010:

      Nobody mentions that the dollar(DXY) and the euro(FXE) go in opposite directions every single hour of every single business day.

    11. Comment by powerbunZ on 18 December 2010:

      You’ve been reading too much J.M. Keynes: First off, inflation is an increase in the currency supply (inflating means expanding). Rising prices are NOT inflation; they are a result of it.

      Sure, there’s been a disconnect between money supply growth and prices because much of the money is held by foreign central banks. If they dump the dollar, a tidal wave of fiat money will flood the United States, and prices will rise fast. This, plus recent unprecedented FED printing = disaster.

    12. Comment by thefayed on 18 December 2010:

      You have been reading too much from Milton Friedman. money supply and consumer inflation have not been linked for years. Moreover it depends how you define hyperinflation. 20%-30% a year for many years is realistic and could be considered hyperinflation. However inflation at over 100% pa is very unrealistic.

    13. Comment by at1212b on 18 December 2010:

      Hahah, this guy is amazing… just seeing through all the noise.

    14. Comment by greychops on 18 December 2010:

      Thanks for doing these!

    15. Comment by gsrxx420xx on 18 December 2010:

      obama sucks, democrats suck, republicans suck, END THE DAMN FED!!! HR 1207

    16. Comment by jfish147 on 18 December 2010:

      I am not racist. Obama is completely fucking useless. he defines it perfectly. big dependence on government, still living in government housing (ha), extreme tax enforcement now. Fuck this guy.

    17. Comment by dforslun on 18 December 2010:

      try not to let your racism leak out during unrelated discussions

    18. Comment by jckjti49 on 18 December 2010:

      We all need to work together to stop the Federal Reserve from creating hyperinflation. Read the articles and signup for the free newsletter at: Inflation . us

    19. Comment by kooshchamp on 18 December 2010:

      you keep me goin mr. Schiff.

    20. Comment by drewd1987 on 18 December 2010:

      Peter, are you scared to talk about the money masters who own the FED? Expose them! Talk about what Andrew Jackson did to them when they tried to take over America!

    21. Comment by quittingtomorrow on 18 December 2010:

      what dyu mean.

    22. Comment by tretoud on 18 December 2010:

      He’s not elitist, he is for Free Market Capitalism. If he was elitist he would basically not be saying what he has been.

    23. Comment by truthinourtime on 18 December 2010:

      As always a great video Mr. Schiff!

    24. Comment by Zile77 on 18 December 2010:

      Leftists are all about leveling the playing field to their own advantage. This time they’ve gone too far, and will literally kill America if they’re not stopped.

    25. Comment by myrelative on 18 December 2010:

      that’s been the case before and after the stock rally, and probably will be the case for years and maybe decades to come.

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