that is the book by peter schiff and his brother. available right now. >> yeah. d: peter, thank you very much. with russia likely to use natural gas card and getting its way in ukraine, is now the time for the u.s. to lift restrictions on its export of natural gas? we check in with peter barnes. a hot topic. that is next. adp saying fewer than expected private sector jobs were added last month but coming up we'll tell you the ranking of the best cities in which to find a job. could a move be in your best interests? stay tuned. ♪ ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪ makes sense of investing. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing i

that was financial commentator and best selling author peter schiff time now for today's big deal. edward harris and i are now sitting down to discuss the new rules and regulations and their crypto currency cousins yes it was all a matter of time before the i.r.s. turns its gaze on this new area of the economy and why because they want to piece of the action in our humble opinion at least. some of the i.r.s. will treat virtual currencies as assets like stocks and not currencies i repeat not like currencies so ed you know the phrase it walks like a currency talks like a currency and purchases good like currency but is a currency the i.r.s. doesn't think it's a currency so what is the irises position here in your opinion. it's not a currency in that if you have this then we're going to tax it and basically they're telling people it's like. these people they come into the u.s. house and. i don't know who he was shot blocker in the n.b.a. and he would always go. to the book. so that's what they're saying they're saying that you know. the u.s. dollar is the currency you can't set up thi

he's back to our very favorite austrian economist peter schiff now peter sat down with me to discuss a wide range of topics and told us about his expectations for fed policy the u.s. economy and a lot more needless to say peter doesn't think tapering will last he believes janet yellen is going to end up firing the money can it. there you go there's our money now when we last spoke to peter he the u.s. it was going through a bit of a rough patch in terms of data and that fit very well with peter's views that the u.s. is in a depression now the data has been a bit better recently so i asked peter if he had the same gloomy macro view on the u.s. economy take a look at what he had to say. absolutely in fact a lot of the bad data points that we've been receiving has been dismissed by the mainstream because they blamed it all on the weather and i think the weather has very little to do with the data it's actually the economy experience the earning early signs of the withdrawal from the stimulus that the fed put into the economy that it is now diminishing the amount of the dose that it supp

and wisdom on how loans create deposits and then it's peter schiff shift boxing tris a not three times fast you probably can now he gives us his take on why the american economy is headed back into recession plus we've got scott sumner with a warm summary view of market monetarism and how using the monitor his view of the world can make monetary policy more potent check it out. thanks. because if you if you if you have a look at the end of the banks function that book that showed some volatility. and the holes in saw the lot of deliveries they can transfer the imagine if you went to a banking union had ten thousand dollars there and you get there and you find it only got one thousand dollars during up the bank at some terribly sort of let no one thousand it was you were there somebody else that knew if that happened but that's the conventional vision of what's going on what in fact happened somebody else wants a line from the bank the banks there's not a k. is nine thousand dollars which we put in your deposit account and on our asset side of eligible recall anon thousand on the debt y

i don't see what peter schiff is saying. new grand super cycle bull mark net gold because of fiat currencies? is that what we're hearing? we're going up 4,000 now? >> peter has been bullish of gold forever. he's always bullish of gold. if gold falls $300, he's bullish. if it goes up $10, he's bullish. >> you're not necessarily calling for -- i remember, we were supposed to go to 2000. it was a slam dunk the year before last. we took a wrong turn at albuquerque. that never happened, did it? >> no. >> with all the printing we've done, not just here but globally, you have all this russia is on the border of the ukraine. you've got a lot of stuff that should be very bullish. seems like it makes sense. >> gold should have gone up 50 to $100 on the news of russia. it really didn't. i happened to be modestly slightly, tentatively bullish of gold. i own a little bit in the end denominated terms. gold is nothing but a currency. too many people, especially on the very far right, i'm somewhat to the right but i'm not very far right. not

the end get it ok and as i am keen the end wisdom i haue learned create deposits and then it's peter schiff shift boxing tries saying that three times fast you probably can now he gives us his take on why the american economy is headed back into recession plus we've got scott sumner with a warm summary view of market monetarism and how using the monitor his view of the world can make monetary policy more potent check it out. banks don't lend poses because if you if you if you have a look at the how that the banks function that got assets and liabilities and the hose and saw the lot of deliveries they can transfer the mention if you want to your bank you know you knew you had ten thousand dollars there and you get there and you find it only got one thousand dollars during up a bank or so terribly short of lent nine thousand of those you're going to somebody else that never happened but that's the conventional vision of what's going on what insects happen to somebody else when so once in the bank the banks there's no use no one thousand dollars which we put in your defaulted account and on ou