Begun. However, gun control, gun crime has gone down every year for the past 20 years to the point that gun murders are down 50 in the past 20 years. You talk about people who were shopped down 70 a news so damn crime is like this. It is not actually accurate to say morgans lead to more crime. However, the rescue organization polled this question. Do you think and crime is up, the same, or down. Nine out of ten americans said gun crime gun murders, gun killing is up. So that means there is only one out of ten people and the country that knows that gun murders are down. So why is that . Well, people dont have these basic thoughts which is what i am trying to do. And the third major plot the first one is that no gun control reduces crime. No connection between high gun ownership and more crime. The third one goes to what i were reading about. Has not increased pyridium seen on more cable news especially covering these things. This study. Mess shooting. For more people on a public place. The covers is increasing. We are the stunt guncontrol issue said that would do it. Android to do it with or without congress. It is going to be accomplished. 50 million. The has now taken this group and made it is front group. He is finding it. 2014, 2016. What people want for their guncontrol law. What i found, where i come prom in this book and my personal as i said to you, if i came to three years ago, i never shot a gun, i would now. For me it is not about the gun. Is about meyer right as an american of the constitution. My rights have been taken away. This is where im coming from. God give us the right to defend ourself. If a dangerous edison or entering the government. A founding father said that those rights cannot be infringed. I generally did not, self progun. I describe myself as per Second Amendment. A gun is just a tool. Thank you. Thank you. Right down here. Hi. I am Olivia Thomas from texas. You were talking about Second Amendment rights and all that. My dad and tigers shooting almost every other weekend together, something we have always done. We have a friend who lives outside of city property. We go and should place. Theyre is a gun at that has come up set to ban semiautomatic weapons which is a type of rifle i have been shooting since i was for. The only kind in civilian hands. Yes. I was just wondering your thoughts on the issue of whether that is actually something that potentially could be passed . Of course a lot of language. Semiautomatics is basically what we all have except for revolvers you pull the trigger once in a fire is one shot. The military uses fully automatic, the police have them. He pull the trigger and the fires forever. They are never used in crime. For half a year ago of fundraisers said we have to get semi i mean fully automatic guns off our streets. He corrected himself. There are no fully automatic weapons on the streets except for the was a police have. Semiautomatic to offer the people understand the firearms is it is used. Even if it did you get the Supreme Court. Lincoln as a question. I. When can from st. Louis missouri was wondering if you could comment on those people who would say that the Second Amendment has outlived its usefulness. Protecting us from the government. And because of that qualifier are right to bear arms is just on feasible. If you could respond. Stevens said that the Supreme Court was landmark. Theyre pretty boring. This one is interesting. If you get a chance to read it. Its easy to act understand and interesting. A lot of people think the part about the Second Amendment of the militia means that the again controls malicious. They explained. It has a clause. The concept. And they went by the documents. What they were saying both them what their role in with their thinking was that they had just come out from under king george and a charity and wanted to make sure that no government ever had that much power again. The deterrent is having civilian ownership. So i cannot see ever possibly getting through the senate. Would never get ratified. Its pretty easy to get a gun in michigan. It is very hard to carry or even have a gun would you. You can have a gun anywhere. An exception of state law. Would you comment on what could be physically done . Well, i hear about this a lot. Such a wide range on this issue. If you have a concealed carry permit. A campus says you cant have it. The people are pro Second Amendment or progun. Virginia tech. You want to have a way to defend yourselves. Gun free zones of the most dangerous places. More rare obviously. But james said that eight movie theaters between his apartment and the one that he chose the people in colorado were allowed to use and carry guns. Murderers are crazy, but they are not going to go somewhere that they cannot do damage. Fort hood, the school shooting. Essentially gunfree zones. I understand the movement. I dont want to live in a known gun free zone, especially on a college campus. It is a large place. You know, the flip side of that as people say, well, kids a tramp drinking on campus. Obviously gun ownership numberone is a huge responsibility. It is one that no one should take lightly. If you are gone on you have to be responsible at all times, when it is on you, when it is not new. If it is loaded, not luggage. So if a person takes on that responsibility and they did not allow concealed carry, the right to bear arms is not recognized with the rest of you probably in your state can get a concealed carry permit. Go through the background check and training and being responsible enough, i dont see why you should not be allowed to carry it on college campuses. A question over here. Jordan henry from missouri. How do you suggest that we come at the disparity in ideology between bigger cities where there is little to no gun exposure to the majority of people verses small towns like my own where we bring our gun collections to church and show off to each other. Right. Really jeff koch i was in so many different places. The culture of america, its so different. Every gun control law the toughest gun control laws in the country. New york has gone up again. Again, i can say to you because i dont know for a fact that guncontrol that guncontrol increases crime. A lot of people believe that there is no deterrence. Frankly i do believe that. Someone is going to rob you. That is my experience. Theyre not going to walk into a house in virginia and rub it. Theyre from virginia. The criminals all have guns. You know, it is unbelievable, the people live understand that. If you are not allowed to take the gun out of the house of the go to the reins to practice . Transport. Under federal law you can take again anyway you can legally carry i can carry again at the shooting range. Take it come on loaded. Thats it. Any other questions . Hope you dont get. Im kelley. I have from florida. Something very controversial. If you think is the capitalization by the media. Totally out of control with the martin trial. Stand your ground lost to florida and initiated the first one. He did not have to back off. Back to the criminal. Physically under. So it if you watch the media there was a stand your ground law. Pretty simple. If you are a tax you can fight back. You know, of course. In florida put into law again. If you are in your home and someone comes in i have the right to assume that their there to cause with bodily harm or death and shoot. He dont have to be a victim. But a lot of misconception out there. Any other questions . Thank you very much. Thank you hos host of the peter schiff show. This event was hosted at freedomfest in las vegas. Good afternoon. Peter schiff has spoken at freedomfest many times and you are leer here to listen to him and not be. It is as a great pleasure for me to work with peter at Euro Pacific Capital and i say it is as a great pleasure for three main reasons. One is that peter has the ability to see through the smoking mirrors of government propaganda and government crooked statistic and the supportive media of the establishme establishment. Seeing through the smoke and mirrors peter gets what is happening in the world in my opinion. Secondally, peter has a great ability to articulate very complex issues in a simple way so that people can really understand them. And he has the courage to tell the truth and in todays world telling the truth does take courage. Now, peter not only sees what is going on in my opinion but he offers Real Solutions. Both for you and for me as investors and survivors and also for our country. So ladies and gentlemen, it is as a great pleasure and privilege for me to introduce to you chief executive officer of Euro Pacific Capital and great speaker mr. Peter schiff. Thanks, everybody for coming and thanks john for introducing me. Hopefully i can make it through my presentation. I was loosing my voice. I was out a little late in las vegas and i am not as young as i used to be. I was at the very first freedomfest and it was blossomed into a great event despite the fact every year i come we have less freedom to be festive about. What i like to talk about is what we can do to preserve what freedom we have left with respect to our Financial Assets and our portfolios. I think Many Americans are going to find out why they are loosing their liberties and their wealth especially if that wealth c concist of Corporate Bonds and municiple bonds. They going to lose significant value. Nominal value is harder to know. But i think that is immaterial. What matters is the purchasing power that the assets conw pcon. And i say i dont know nominal because i dont know how much they are going to print. I think it is going to be a record and she is going to eclipse the money printing of the previous two combined. I dont know what the dollar will buy. So i think the most important thing from investors is to be aware of what is going to happen and make sure your Financial Assets are invested in the appropriate manner to come through this. And i think even more importantly then maybe even preserving the wealth for yourself and for your family but i do believe if we are going to try to be active personally in helping to repair and rebuild the country and helping to make sure that after this crisis, that is coming, and i will get to that and it will be much worse in just about every respect then 2008, it is going to be the worst economic period i think in the United States bar none including the great depression. It will not be as bad as the civil war or Something Like that. But as far as an economic event it is going to be bad for investors. The majority of the investors will see it is going to be very bad. But i think the only opportunity, this Silver Lining to that cloud is the opportunity to really get the country back in the right direction. See the problem is all of these solutions to the problems that we have and there are solutions but they are not politically viable given the Democratic State we now unfortunately find ourselves living in. A lot of the safe guards that our founders put in place to protect us from democracy no longer exist. So unfortunately Economic Policy is made based on whatever the population wants to support. And unfortunately very few americans really even understand what needs to be done including a lot of the members of congress. But people are not going to vote for the right thing. Look how many people are in favor favor of minimum wage. Even among economist at universities and many have noble prizes and still believe minimum wage is a good idea. That is the level of understanding even among the brightest so how do you expect the average American Voter who has been brainwashed in government schools his entire life to understand anything. So they are not going to vote for Real Solutions and the politici politicians have no impetus to try to deliver any kind of bad news to the voters. They dont have any will to ask the voters to swallow any medicine that might cure the economy because it is going to taste bad. But i think a complete economic collapse which unfortunately is coming might provide the motivation to finally do something. Hopefully people in this room, if you can preserve your wealth, will be able to be active in that movement and trying to get americans to understand that the source of the problems that they are going to be living through is not capitalism or the free market or greed or the evils of capitalism. Unchecked capitalism. It isnt because we didnt have enough government and sufficient regulation to rein in the wild capitalist. The problems are all going to be and have been created by government and there are things that the government does supposedly to protect us. Those are the programs, the taxes, the regulations and spending that is the source of the problem. And we need people to be able to art articul articulate that the government and have a second american revolution. It will not be easy. But if people have financial wealth and can fund the candidates with the right messages and organizations that working towards those goals. We have passed out a bunch of index cards. If you dont have one, let one of the brokers know. There a few from the office of your specific capital. We have six offices. Make sure to fill them out so we can get a hold of you and talk about the strategy. If you get on my mailing list we put out news letters and put out a lot and i write and john brown writes. I talk, if anything does want listen to my radio show, i am doing a show now every week day from 10 a. M. To noon or most weekdays unless i am travelling or something. But you can listen to it. It is shiftradio. Com. I said i have six offices and my Asset Management company which handled all of my accounts which i added about 45 years ago. We are a broker dealer and advisor and i moved by Management Company from california to puerto rico. My tax rate is 50 in california and 4 in puerto rico. I will be at my booth with questions about this. I have not personally moved there yet. Four of my employees have moved there and are managing our clients money just as effectively from san juan as they did from New Port Beach but we are not giving as much of the income to the government. We get to keep it. It is an interesting place if you are looking for freedom puerto rico is where you will find it. At least if you define freedom to keep what you earn. The Capital Gains tax is zero and zero on divdeneds and if you structure it correctly you are only paying a 4 tax. No federal taxes at all. Just 4 to the government of the commonwealth of puerto rico. I will be at my booth and we have the book how an economy grows and why it crashes it is as a great book. I have a few copies i am signing and i am doing a signing later today with the bookstore that has my book real crash and that is what i want to talk about today. People ask what are you talking about the real crash. The reason i wrote that book is because after my first book came out, which was crash proof, that book predicted the events of 2008 that we now refer to as the financial crisis of 2008. I wrote in that book about the housing bubble. Why we had it. How government and the Federal Reserve had conspired to inflate it. How wall street went along for the ride. I wrote about how the Housing Market would collapse and that when it did it would be much worse than when the stock market bubble which was a creature of government policy, not the market, but i pointed out all of the ways the Housing Market was so intertwined with the economy and Banking System that when the Housing Market collapsed it would bring down the banks and cause the United States of fannie may and i forecasted the deficit would balloon to a trillion and unemployment would be above 10 and of course all of this stuff happened. So people could say, you predicted it, you wrote this book crash proof and we had the crash. I have to tell people we have not had the crash yet. That is not what my book was referring to. The title wasnt about that crash. That event was part of the book. But that event was more like, you know, the overture for the opera. So a lot has to play out. When i wrote the book, what i laid out was my thesis for the economic collapse. I wrote, okay, so we will have the implosion of the Housing Market. If you want to see a good example of the type of force i have. I spoke about it a lot at these freedomfest but i dont think they recorded them. But look at my Mortgage Bankers speech i gave in 2006. It is on the internet. Interestingly there were 3,000 Mortgage Bankers in the audience. So these guys were at the heart of the crisis and during the presentation i spoke about a hedge fund i started to short term mortgages and i explained how the market was going to empl employ implode and out of 3,000 in attendance one called me to open up an account. And he made eight or ten times the money on that trade. These were people in the business. I urged them hedge yourself because most of you will be out of business so you might as wealth well make a little money as your main job implodes but they didnt want to prepare because people dont want to believe. But being forewarned is good. For the guy that got short subprimed was probably glad he came to the conference and heard me speak. You have to do things. You cannot just listen to a talk. You have to take action and do something in response to the warning i am giving. When i wrote in the book, i said as a result of the big economic collapse and the bursting of the housing bubble and this big recession and all of the unemployment and the collapsing real estate prices, i said prices would drop 3050 percent which seemed impossible at the time. And i said in response to this the government is going to try to stimulate the economy. They are going to pull out all of the stops to reflate these bubbles. They are going to print a lot of money. Try to get housing price