only is what they're doing illegal it's against facebook policy stay tuned for that we've got peter schiff on bernanke is b.s. pill being rated and just like in the great depression the government making it illegal to buy and sell gold over the counter we got only have got our freedoms phoenix live reports best anonymous striking right in orlando the key to happiness through autonomy and you the viewer remember on friday we'll see you in lancaster new hampshire for a special court fest episode of a live studio audience for adam vs the man. once again publicly funded trolls and police have used their powers of government inconvenience and arbitrary a rust to imprison an innocent citizen for filming their behavior while on the job emily good was charged with the trumped up charge of obstructing government administration and bailed out of jail later that same evening after being placed in cuffs for merely videotaping from her own property while there was a vehicle search being conducted in front of her home the officer who felt she was anti police press passed into the woman's yard in a legal

the interesting prediction as peter schiff president of euro pacific capital now while former secretary of state congolese are right chevron and a think tank have teamed up to launch a new project to look at how to promote quote economic development livelihoods and reduce poverty worldwide this from an oil company that refused to pay an eight point six billion dollars per order pay out for poisoning ecuadorian amazon rain forest causing fourteen hundred people to die and this call for foreign investment on a day where as we just talked about jobs numbers are dismal and this also comes in the wake of many other difficult economic announcements so what is really going on here well are two christine for the alexander. it was billed as an initiative to promote the leadership of the united states to develop economically communities around the world. and featured former secretary of state congolese a rights partnering with chevron one of the largest oil companies in the world we can help countries to begin to build infrastructure that can attract and properly use private investment and busine

stead beyond that fourteen point three trillion dollar limit said just last month and economist peter schiff says this will only make a bucket. but we have to do is stop borrowing all this money you mentioned earlier that one of the problems is that we haven't raised the debt ceiling that's one of the only good things out there that feel it is still there unfortunately they're going to raise it we're going to. go deeper into debt which means bigger problems and this is not the economists are describing this is a soft patch it's not it's quicksand and economists who think this is a soft patch these are the same people who in two thousand and seven said the u.s. economy had never been in better shape they didn't see this crisis coming right never understood the problems of the u.s. economy and they still don't understand them they think that government stimulus made the problems better it did it allow the problems to get worse. the number of americans finding me what it is at its lowest level in eight months and our residents reporter in new york has hit the streets to find out if it's worth p

crisis there's increasing speculation washington will have to raise the debt ceiling but economist peter schiff believes that will only make a bad situation worse but we have to do is stop borrowing all this money you mentioned earlier that one of the problems is that we haven't raised the debt ceiling that's one of the only good things out there that feel if you're still there unfortunately they're going to raise it we're going to go deeper into debt which means bigger problems and this is not you know the economists are describing this is the stock it's like it's quicksand and the economy is the stop that. but these are the same people who wanted to go out in seven so the u.s. economy had never been in better shape they didn't see this crisis coming right never understood the problem of the u.s. economy and they still don't understand and they think that government stimulus made the problems better it did it and it allowed the problems to get worse. and our very own new york resident has once again here the streets of this time finding out if it's worth paying for an education when there are

joining me is peter schiff president of euro pacific capital to talk about this peter excuse me thanks so much for being with us first of all i want to take a look you know we always hear these jobs numbers reports they're better this month they're worse this month but i want to look at this chart and i hope that they printed it out for you if we could put it up the unemployment chart so there are a lot of numbers in this chart but really the biggest takeaway is that that red line is the unemployment rate the unemployment in the recession the worry and i compared to all the other recessions in this country's history and it is way worse when it comes to joblessness so my question for you is if you know is this a blip on the radar or is this you know a really dire situation that something really major has to be done about. it's dire the reason that the chart looks as bad as it is is because we're not in a recession this time we're in a depression you know unfortunately we didn't lose enough jobs last because president obama still has his and you know he thinks we're on the road to recove

will have to raise its debt ceiling which has already reached the mid ninety's but economist peter schiff believes that will only make a bad situation worse but we have to do is stop borrowing all this money you mentioned earlier that one of the problems is that we have to raise the debt ceiling that's one of the only good things out there that debt ceiling is still there unfortunately they're going to raise it we're going to go deeper into debt which means bigger problems and this is not you know the economists are describing this is the stock it's not it's quicksand and economists who think this is a stock that these are the same people who want to do two thousand and seven so the u.s. . tommy had never been in better shape he didn't see this crisis coming right never understood the problems of the u.s. economy and they still don't understand they've been bad government stimulus made the problems better it didn't mean allow the problems to get worse and the number of people finding a new job in america is at its lowest level in eight months and a very a new york resident has hit the str

economy but earlier i asked peter schiff he's president of euro pacific capital and smart money is going into gold look at the dow gold ratio is the lowest instead i think of the entire cycle it's around eight to one right now so money is moving into gold it's moving into commodities despite this correction stocks oil is still over a hundred dollars a barrel today on the close here in new york smart money is going off shore is going into foreign stocks foreign currencies look at the swiss franc the dollar closed today an all time record low against the swiss franc that's the safe haven currency not the u.s. dollar so then how does the united states government get corporations to invest any of that money here at home in the united states and they're certainly not getting it from corporate taxes i want to bring up a chart showing what some of the largest companies in the u.s. have pointed in corporate taxes and they've paid zero or you had a negative tax rate i mean that doesn't seem fair needless to say but that money isn't isn't coming into the u.s. government despite the fact that these