than the car this is a crazy story so you know peter schiff has been having a bad time because peter schiff has been dissing bitcoin as it continues to go up and up and up and up and he keeps on saying don't buy gold and gold keeps on going down now here is a use case for him that is working in puerto rico should you have had gold should you have listened to him what are we going to do puerto rico in chaos as cash runs out most puerto ricans haven't had access to electricity self-service or financial services for nearly two weeks now and as we reported yesterday residents who didn't stockpile enough cash have been struggling after hurricane maria essentially knocked the island's economy into the one nine hundred fifty s. forcing some to forgo essential supplies or worse resort to. looting for those who do have access to working a.t.m. some banks long lines have sapped cash reserves as the country has effectively reverted to a cash only economy i might add that the one nine hundred fifty s. is of course is when people think make america great again it was in one nine hundred fifty s. p

wise peter schiff so angry frustrated. why why is peter schiff missing the payments on his yacht why. why won't gold go up because it's uses the funding currency what i mean by that is that if you want to raise the money fast to go buy bitcoin or go buy some high yielding currency you can sell gold futures in the market then take that cash and you can go and buy something that's going to give you a real rate of return there's no risk in that essentially because if you have it all coordinated efforts by banks to sell to school teachers at the same time they will all be able to raise instant money the reason it always works is because every time gold trades down to you know it's called eleven eighty or twelve hundred or twelve thirty you know then there's an insatiable demand for gold people in india buy gold it's been there way for tradition for millennia there's always people talk about gold we talk about gold we talk about silver though i'm going to stop buying gold there's always demand for gold so it goes up ten percent

fifty cents the lowest since october sixth where do we go from here question the man to tell us peter schiff c.e.o. of euro pacific capital joins us now. look at a bit wobbly not looking too good going into the weekend it was suggested that donald trump may be favoring economist john taylor for the federal reserve chair i bring that up because some people say that might have a you know indicate some bad things for the price of gold moving forward. well first of all i doubt that but taylor's a long shot i think there was some rumors because trump had a favorable meeting supposedly with taylor but i don't think donald trump would take a chance on someone like taylor i think he wants somebody who's going to be more of a team player who's going to be more actively involved in helping to prop up the stock market especially now that donald trump has basically attached his presidency to the fate of the stock market so he's not going to take a chance on a wild card where rates might go up you want someone to keep rates down that's willing to do another round of quantitative easing of that's what it

or people who had crystal ball's, they had sound austrian economics to jim grant, jim rogers, peter schiff am a ron paul. it is not a coincidence they saw this coming. to them? we listen their phones are not ringing off the hook from the obama administration. the administration seems to be of the opinion that the bigger blockhead you were, the more surprised you were by the crisis, the lesson since you have, but the more we want to hear from you am a but if you saw this coming, forget about it. so ladies and gentlemen, let's listen to the people who not only predicted this but have a theory to account for how it happened and a serious proposal for how to get out of it come up because, ladies and gentlemen, that would be change we could believe in. thank you. [applause] i know it looks like i have come up for an encore. now i would take about the war of 1812. i guess we have a few minutes. ok. i went so fast because i thought this is all the time i have. good, ok, yeah. is the microphone not working? i can ask a really easy question? have a question. i have a thing i would like you to expla

with congressman adam schiff tweeting after the scandals of unnecessarily expensive travel by cabinet secretaries, how much taxpayer money was wasted on this stunt. joining me, petersing two questions. one, how expensive it was. b, the vice president had to know at this game, especially since it started with the 49ers, that at least some players were going to take a knee. >> reporter: you would think as much. i'm speaking to the vice president's office over the course of the morning and insist it was not preplanned. the president, this protest was not planned and had been going to the game on the books so far and put out a statement really within the last several hours better detailing the pushback to the criticism. let's read it for you if i can. it says in part the vice president was not going to miss the las vegas memorial prayer walk on saturday and honored to attend on behalf of president trump. if the vice president did not go to indiana for the colts game, he would have flown back to d.c. for the evening which means flying directly over indiana and made a shorter trip to indiana for a game that was on his schedule for several weeks. about that criticism, yo

schiff described the connection today on morning joe. >> here you have the head of the data analytics campaign reaching out to a foreign intelligence agency affiliated and working with the russians. you also have peter smith in contact with flynn. and reaching out to russians on the dark web to look for these e-mails. there's an extraordinary number of connections between the campaign and those who are stealing the e-mails, publishing the e-mails. and a picture begins to emerge. >> the new york times is reporting the russian lawyer who held that trump tower meet iing was directly linked to the kremlin. natalia brought information to the meeting she thought was darthing to hillary clinton. had discussed talking points about that information prior to the meeting well russia's top prosecutor. the coordination between the trump tower visitor undercuts her account that she was a purely independent actor, when she met with don junior, jared kushner and paul manafort in 2016. this also contradicts the story we heard about the meeting was about adoptions. >> it's commonly agreed after many months of costly looking that there was no collusion between russia and trump. was collusion with hc! . congressman sch