messages to every american with a cell phone and no you can't opt out we've got investment guru peter schiff with us tonight to explain the twists and turns of silver last week and how the institutional gold rush we're seeing now will play out we'll find out why libya was bombed not because of oil for humanitarian reasons but because of gold we've got cops paying people in food to get high don herold of the day trade show who predicted the silver plunge joins us and. hold on i'm getting a text message from oh it's it's the president security alert whatever you do do not be caught watching vs the man. you've been hearing for years from cheerleaders of gold and silver saying you have to buy silver or gold are going to lose everything to inflation well there is a grain of truth to that if you will hold your savings in u.s. dollars the purchasing power of that money will slowly be drained away is more money is created by the federal reserve here in washington but anyone who follows that up with and therefore you have to buy silver or gold or this twenty year supply deal hydrated food is well. tr

of europe aciphex capital author of crash proof and how an economy grows and why crashes peter schiff welcome back to the kaiser report favorably on the air max all right you were extremely accurate in your forecast for housing prices in your book crash growth talked about fannie mae and freddie mac. collapsing all that turned out to be true we're at a point the cycle for housing now people are questioning have we had a bottom in housing i saw something on business insider today alluding to that but there is some dissenting views on housing housing of course is a key part of this crisis today and going forward what are your thoughts on housing peter schiff well i still think that the prices are being artificially propped up by government supports in the form of very low interest rates from the fed and guarantees from the government both fannie and freddie and the f.h.a. i was to stay prices are higher than they would be in the free market but ultimately i think subprime demand will bring prices down despite the government's efforts to prop them up and i think you're going to have to s

on the economy here with us to weigh in as investment broker author and financial commentator peter schiff is also the president of euro pacific capital now peter you ran for office if you were in the senate what would you do to move the situation along i mean it seems like both of these sides of dugan and they're not willing to make any concessions that one fortunately i didn't win follow because i was telling the truth these issues. most the politicians like demagogue and i like what john boehner had stated i played that clip on my own show the peter schiff show but the question is is it rhetoric is it is it just talk or cheney actually walk that walk and that he said everything on the table that in exam social security i'm so. is that that's what we need to do and i think tax increases actually increased undermine the economy further and probably even worsen the deficit maybe we can actually for farm that lose away from taxing income and action but we really need glasses problem by going after the expenditures and he means what he says the republicans can dig in their heels refuse to al

i was advice you got from peter schiff president of euro pacific capital now he mentioned china and the us where china has been seen as an enemy by some the hollywood movie red dawn is being remade with a chinese invasion to replace the soviet one that came in that one nine hundred eighty four original film and lawmakers we've seen fearmonger over china's rise to justify defense spending and we've covered both of those topics here on r t and now it looks like china could be given the u.s. a dose of its medicine take a look at this. china has come up with a video game that you're looking at right there developed by china's giant network technology backed by the people's liberation army and modeled on the u.s. army shooter game america's army made by the u.s. army now like the american version which was introduced as a recruiting tool in the u.s. in two thousand and two glorious mission as this is called starts with a simulated basic training and then it deploys the player to an imaginary battleground to duke it out in close quarter combat with which look what looks like u.s. troops also

to experience a lot of short term pain to get from where we are to where we need to go that's peter schiff president of euro pacific capital and without money you couldn't have war and in afghanistan at least eleven people were killed and eighty injured today when violent protests broke out after a nato raid that allegedly killed four civilians also senior united nations official warned the conditions in libya are a ticking time bomb as humanitarian conditions continue to deteriorate yet on the u.s. big news cable channels these have been the big story. arnold schwarzenegger i'm not sure i'd say arnold schwarzenegger arnold schwarzenegger or arnold schwarzenegger the governor of california i woke up today to a bob show shorts and i got admitting he had a child with a staff member who worked for the family for twenty years this is a shocker in the world of hollywood and politics apparently the four children of maria and arnold knew this child we now learn maria demanded he move out of the revelation father said i love child shorts and i go refused just refused to move out leaving maria to p

woods system which pegged the value of the dollar could gold in one nine hundred seventy one yes peter schiff makes a good point his latest editorial talking about the institutional appeal goal not only central banks but the endowment of one of the big universities in texas just what a billion dollars of the gold he says about institutional appeal extends to let's say the sovereign wealth funds you know the one in i believe carter is worth six hundred billion not carter but kuwait. right i would avi's someone walk on that got six hundred billion in cash to work with if these sovereign wealth funds in the institutional side start to put five six seven percent into gold bullion that's an incredible demand story that's what nobody is talking about on the silver and gold story they're all thought looking at the supply but they're not really understanding what the man dynamics are going forward and as rick ackerman said you know when you increase supply as they're doing now by flooding the market with more naked short sells in the sober pits you increase demand and this is an axiom on wall street

will help america get out of its financial means that's according to investment broker and author peter schiff. us politicians are going to have to be honest with their own lector and say we can't keep these promises we can't make just as security payments we can't make medicare payments we don't have the money we're broke and we can't extract it from the younger generations because they all need the contrie so they're going to have to have an honest discussion and there is going to be a big you know economic decline associated with correcting these imbalances and unfortunately all they're concerned about is getting reelected that is what that's not a concrete problem and so we never get to solutions get parted to do we get the fixes we get stimulus kick the can down the road sweet this week the problem of the rug that's all they care about they want to get through the next election cycle without it blowing up or one of these days it's going to blow up and it won't be a next election. and i think it's coming i think within the next several years we're going to have a real economic crisis that