that is what we're not doing enough of. >> host: peter schiff. ceo and chief global strategist of euro pacific capital. >> we are in asset management company and brokerage firm if people want to use me as a broker we specialize with precious metals and investing the can manage money added discretionary basis in a separate account also a precious metals company for those who want physical delivery. >> host: also a radio talk show host. and the author of two other books. >> i also have why an economy grows and why it crashes. of the best to start with you can read it into were three hours per curtis funny the breaks down economics it is a good primer to understand keynesian is them and children can understand the book i wrote it for the level of a child so congressmen can understand it. i also ran as a republic 10 in a primary i did respectable for the first time. >> would you run again? >> i don't have plans to run for anything but i might. >> we are here at freedomfest of libertarian leanings. a lot of the authors use the word moral, what do you

peter schiff show, -- radio. he is the author of two other books, crash proved and crash proved to .0. >> you forgot, i get another one, how in the economy grows and why it crashes which is probably the best book to start with because it is kind of like the fabled. you can read into or three hours. it is quite funny, but it really breaks down economics into its simplest form, and it is a good primer to really understand the problems with keynesian and the austrian school and even the children can understand the buck. in fact, i voted for the level of a child so that congressman could understand it. >> you also ran for office. >> i did. i ran for senate, did not win. >> as a republican. >> i ran the republican primary, so i never made it out of the primary, but i did respectable for a first-time candidate seeking statewide office. >> would you run again as a republican? >> i might. i have no plans in the immediate future to run for anything, but, you know, i certainly might. >> we are here at freedom pestilence ve

dennis: peter schiff and erica payne ahead on the fiscal fallout.k at some of today's s&p winners and losers. ♪ subs set i love to eat. i love hanging out with my friends. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. ,. cheryl: 2 million jobs to be lost according to the congressional budget office. unless washington deals with the fiscal cliff. air big face-off is ahead. the cost of the wildfires, 50 buildings already destroyed. we are live in northern california. jimmy kimmel coming to the rich late-night market. why age may behind the move. dennis: 30 past the hour. stocks every 15 minutes. in the c

we have to give it to ourself. >> we have been talking with peter schiff. "the real crash" is the name of the book. you're watching booktv on c-span2. >> coming up next edward griffin speaks of freedom fest. the annual ibertarian conference held in las vegas. he talks about the book "the creature from jekyll island." this is over fifteen minutes. >> the book on your screen was first written in 1994, but it is currently in the 32nd printing. this is the fifth edition. and the author is g edward griffin. he's joining us on booktv on c-span2 in laughings. who is the creature from jekyll island? what is the creature. >> what is the creature. yeah. i thought if anybody saw they might think it was a se sequel to the jurassic park. the creature is the federal reserve system. the reason for the jekyll connection is one of the most interesting things about the federal reserve it was created on jekyll island. it's a real island. off the coast of georgia. and it was on that island back in 1910 that a small group of men gathered and it was their mission to draft what b

peter schiff from u.s. pacific capital is in tampa. are you a skeptic, peter? tend to take a doom and gloom few of america's finances, do you think that governor romney if elected could fix things? >> well, he's not going to prevent the crisis, we're headed to are a real economic collapse regardless who wins this election. and my hope though is that romney will have a better understanding of why it's happening, it might be more likely to entertain free markets solution, which would be the exact opposite of what george bush did in that allowing the recession to unrun its course, uninterrupted from stimulus and bailout and do what needs to be done to get this country on a solid footing, which is dramatically reduce the size of government, slash spending, cut regular laces -- regulation, and he's talking growing with more spending on medicare, social security, more spending on national defense, we can't afford that. we need a real change and down size government and hopefully in the aftermath of a crisis, we'll get that. stuart: you can't get elected can you? can

. >> i call my next witness peter schiff. [applause] >> welcome. if you will sit in the witness chair, please. please place your hand on the real crash:how to save yourself and your country. do you recognize this? >> swearing an oaf to myself. >> swear to tell the truth, the whole truth and nothing but the truth as you tried to do in this book? >> absolutely. >> guilty, mr moore. >> thank you for being here today. let me ask you this question. is it a crime if wall street loses money for their investors? >> it is not a crime. it is unfortunate for their investors and a lot more money is lost on wall street because of government regulation. >> you were involved -- you had some interchanges with people from occupy wall street, the movement that helped bring my clients to trial. i wonder, the sentiment of the occupy wall street people who think they ever misguided. >> i thought they were misguided. that is why i went down there and this trial is misguided. is not investment banks, the federal reserve banks. the federal reserve are the biggest counterf

that have made a call like this and been wrong bill gross jump up lava jim rogers mark father peter schiff they've all made this call over the past three four years and they've all been wrong and the only guy has got it right as far as i can tell is mike said luck has been long bonds but you are stepping out there david morgan and you're planting a flag on this call that now's the time to short bonds now let's talk about some over the big news and solver on the front page of the f.t. announcement was that the c.f. to see it had closed their investigation is over manipulation bart chilton the way he had ten up girl for the safety say was on out front on this one. the the library scandal has proven without a shadow of a doubt that it was of england in barclays in the money center banks. manipulating interest rates so why should we be surprised i'm in manipulating silver and gold i mean silver is the inverse of interest rates so it's even if you admit it or not by manipulating lie bar you are manipulating summer this to two things are part and parcel silver is a currency goals a currency even

peter schiff. you saw that. you arby's owner. how do you justify what people just saw?designed to appeal to people that don't understand how capitalism works and i guess that is fitting because obama doesn't understand it either. yes, it is acing. the problem is sometimes people lose their jobs in a free market and sometimes the best way to create better jobs is for some people to lose their jobs. resources in an economy are scarce and it is up to a business to produce as much business using as little input as possible and some of those inputs are laner. whatever labor is freed up by one business is now available to do something else and be more productive. >> peter. pete. >>> let's say there is a company with a thousand people that is losing money and is going to go bankrupt. if firing 200 people can keep that company in business and profitable, then you fire 200 people. you save the jobs of 800. and now those 2 h hundred people can start doing something more productive with their time and labor and everybody will benefit. >> what are they going to do more productive w

[applause] >> i will call my next witness peter schiff. [applause] we'll come. please sit in the witness chair. place your hand on how to save yourself and your country. derecognize this? [laughter] do you swear to tell the truth, the whole truth, and nothing but the truth, so help you as you have tried to do in this book? >> absolutely. >> proceed. >> thank you for being here today is it a crime if wall street loses money for their investors in? >> it is not a crime but it is unfortunate. more is bought on wall street because of regulation >> you had interchange with people from occupy wall street. the movement that brought my clients to trial. do you agree they were misguided? >> i thought they were. this trial is misguided. it is not the investment banks but the federal reserve bank. they're the biggest counterfeiters of money. [applause] destroyers of capital. they finance the massive growth of government spending. in this as what has happened so i went to the people on occupy wall street know that their anger was misplaced swiss central government and centr

a jury includes steve forbes, peter schiff and whole foods co-founder john mackey. this event from freedomfest in las vegas, an annual libertarian conference, is about an hour, ten minutes. [applause] >> well, thank you. >> hi, everybody. you ready for some wall street on trial excitement? 'cuz i got the gavel s and i'm either pounding chicken or this court now comes to order! that's right. [laughter] ladies and gentlemen, members of the jury, the diverse jury -- very good to see you, wonderful to be here -- we're gathered in the great sovereign state of nevada to decide the fate of wall street as an american institution. in this hearing we hope to discover if on-net balance wall street as a financial institution is worthy of praise and respect by the general public and the taxpayers of this great nation, or should it be consigned to the dust bin of history as a relic of capitalism investment banks, brokerage firms, hedge funds, money managers and the financial service industry, does it serve the public interest, or is it a nuisance that does more harm than good and