go over in the middle east and how much money are you have to borrow to pay for that all right peter schiff president of euro pacific capital thanks for joining us. over the past decade iraqi christians have repeatedly fled their homes out of fear of persecution looking to other countries to provide refuge from the violence oftentimes those refugees were able to return home after the danger subsided but with sunni militants now gaining a major foothold over significant parts of the country were turning may not ever be an option artie's in the lead chen takes a look at how iraq's current state of upheaval is dealing a new blow to iraq's dwindling christian community. remember this place called babylon once home to millions of christians iraq's oldest religion has been nearly wiped out of the country but how did this happen christianity was brought into iraq in the first century by the apostle thomas and his pupil iraq is actually one of the oldest continuous christian communities in the world and has subsequently been persecuted for almost just as long as the vatican has voiced concern about

that was the second part of an interview with peter schiff c.e.o. of euro pacific capital. time now for a quick break but when we return aaron talks to a crowd of us leasing hogs who gives us good reason to doubt the effect of miss of the federal reserve's policies he thinks the fact that both real g.d.p. and inflation are slowing at the same time is a big deal then and our big deal we have breaking this sets many a drop of all on the show to talk about brazil the world cup and the brazilian economy as we go to break here the closing numbers at the bell. for you like me you want your comedy news with some t one to comedy news to be a bear fisted no holds barred fight to the jab. but the truth vampire fighting into the next in the corporate elite the billionaire freaks well they're going. well that's what you get with my new show projected tonight. it. is a. prophecy. that actually doesn't do too much for our revenue my culture giant song seventy six year old american farmer based in indiana. is going to create for the cia do you think this is what's triggering a race for so

that was the second part of an interview with peter schiff c.e.o. of euro pacific capital. time now for a quick break but when we return aaron talks to economist lisi hunt who gives us good reason to doubt the objectiveness of the federal reserve's policies he thinks the fact that both real g.d.p. and inflation are slowing at the same time is a big deal then and our big deal we have breaking this that many a graph of all on the show to talk about brazil the world cup and the brazilian economy as we go to break here the closing numbers at the bell. this is new i'm a grown as well and i've got a polygamous family looking for a woman who understands me anyway and i want her to share my goal of saving our people from extinction through those. had to found marriage yes and she's had one. change how i did to you to what's make them a smart have decided to find a man to marry as bios i'm sure you want to know women you could say your kids together because. my dream is to have let's say thirty to forty kids ok to do that with only one wife so it's impossible to move. right on the s

rate hikes will come in two thousand and fifteen and that they may hurt an already slow recovery peter schiff on the other hand takes a completely different view schiff is the c.e.o. of europe has to fit capital and a frequent commentator on the us market federal reserve policy and precious metals he's also a bear on the u.s. economy bullish on gold and other metals aaron first asked him if the economy is looking good or if it's looking weak here's what he had to say. it's looking weak you know the reason that consumers are spending more is because prices are going up it costs more to eat it costs more to heat your house or drive your car insurance costs more health care costs more when everything is more expensive than it used to be so that's why spending is up and unfortunately savings are down because americans are still have savings are having to dip into their savings to afford the higher cost of living and get is up credit card debt is up because a lot of americans are having to borrow to pay the higher prices that are falling incomes really can't support. the weaker industrial producti

know maybe my producer ed starts beating me with all of that now let me play a video clip from peter schiff because he's going to put this into context so let's put this. and by you know partnering up with a it makes it very easy because to people with big coins can use their bitcoins to pay but i don't get the big quotes i get dollars i see really accepting bitcoins pay is accepting big points and they're turning around and giving me dollars so my customers gets a pay with bitcoin but i get dollars which of course is what i need because i got to pay my rent i got to pay my salaries i got to pay all my other expenses and my taxes so i need dollars when i'm running a business in the united states i don't need because. now obviously peter claims that he has dollars because it's a transaction currency in the us and obviously he needs to pay his taxes and if he doesn't the government will put him in jail and that's obviously a problem so it sounds like the u.s. government has a pretty captive audience here at the dollar and no yes well they're not calling the u.s. empire at this point for nothi

their early adopters of the cryptocurrency overstock dot com except them for all my purchases peter schiff uses for his precious metals business that's his online trading platform so there's a lot of buzz around big quine and some big money is starting to get interested in this in a very big way now what do you make of big money now getting involved in big point well i'll tell you it doesn't bother me because the creation of this currency this is the thing about it yeah i think there's i have kind of two schools of thought about it bothers me and it doesn't bother me. it bothers me for. the fact is this was created by these sort of like open sores super computer nerd ninjas who created this sort of thing for an idealistic kind of peer to peer equitable sort of system like that right and it's been co-opted by these super rich freak shows and then that kind of bothers me because they can see themselves sort of cornering the market making a lot of money on it and things like that like the winklevoss twins i think apparently they own over like one percent of the market which is probably well o

that was the second part of an interview with peter schiff c.e.o. of euro pacific capital. time now for a quick break but when we return aaron talks to economist lisi hunt who gives us good reason to doubt the effectiveness of the federal reserve's policies he thinks the fact that both real g.d.p. and inflation are slowing at the same time is a big deal then and our big deal we have breaking this that many a graph of all on the show to talk about brazil the world cup and the brazilian economy as we go to break here the closing numbers at the bell. really. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open prices for. well. in fact the single biggest threat facing our nation today is the corporate takeover of our government and our craft seven we've been hijacked by handful of transnational corporations that will profit by destroying what our founding fathers. i'm sorry and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem. rational debat

lou: coming up the sck market data record highest but peter schiff says that is the bubble about to burst will find out what hot he is thinking. also serving in afghanistan with bergdahl. and tells us about his views of the man that was traded for five taliban terrorists. of you -- as you may have noticed things and not looking for most americans not lking about job for wealth creation battle lot of improvement there as well. i am talking about our federal government it may surprise you that a government does not work. is hardly works out also why am i so excited about the federal government that does not work and creates more problems daley banat fix is? but it is becoming clear our government is about to get smaller. i said smaller. because it is no evidence that at some .38 plan dash reasonably soon we will have to constrain the size of the federal government but reduce the size not because of ideology or a partisan view or a clever political election result or publicly insightful politician who decided the uprooted responsible fiscal policy is critical to the nation's future but simpl

david: nicole, i have been hearing a scream all day, and it sounds like peter schiff saying i i was right do the traders say about that? >> no doubt. talking about the short squeeze that occurred, talking about the technical. some respect throwing in a lot -- aren't throwing in a lot, but it certainly seems no doubt -- [inaudible] $43. liz: a record for the s&p, i believe that's the 21st of the year as the s&p pushes out a two-point gain. it's really just a fraction of a percent, but a gain is a gain. david: it's a record. liz: they're still settling, so a last minute trade may come in, but for the moment, looks like the s&p makes it. there was a big hammock moment, we call that when you start like this, you come down and go back up during the day for many of the indices, but not so for the nasdaq. "after the bell" starts right now. ♪ ♪ david: by the way, we have oracle earnings coming out any moment. we'll bring those to you live. let's get to the market action of today, tim

schiff on erin burnett last night. >> i don't think we have him. >> pardon me. i'll just briefly paraphrase what he said, carol. he said it doesn't sit well with him as peterd that 80 to 90 members of the administration broadly knew about it and congress wasn't properly briefed. he made another important point. that is the reason lawmakers were given they didn't know is because the administration simply said they can't trust congress because leaks would happen. he said you know what? much of the leaks, perhaps many of the leaks, on the national security level in recent years has not come from congress but rather from the administration itself. >> let me run this buy yy you t. there is talk that chuck hagel is being made a scapegoat in this. >> i just heard the last question was who made this decision? they indicated secretary hagel. i asked, i said, now wait a minute. are you saying secretary hagel made this decision or was this the president of the united states? it was the president of the united states that came out with bergdahls and took credit and now there's been pushback. he's moving away from it. secretary hagel. i don't think so. i think this is