Find out why this video was suspended from YouTube for 2 weeks! http://www.youtube.com/watch?v=9R2uTwCiNv4 The 2014 Cross Examination Debate Association's national championship was held at Indiana University. The all African American female team from Towson University defeated the all African American male team from the University of Oklahoma. Though this may be a first for African American women, it is not a real win for women or African Americans, but a loss for collegiate debate specifically and America in general. I am not sure what the winners won, but it certainly wasn't a debate. However, to be fair to the participants, the quality of collegiate debate began to deteriorate long before 2014. All white teams won prior championships using a similar fast-talking style. However from what I can tell, in the past the fast talk, what little could actually be understood, was at least related to the topic supposedly being debated. This farce would be funny if it wasn't so sad. However it does provide a shocking example as to why America is a nation in decline. NOTE: After three days and over 96K views, the owner of the YouTube channel that posted the entire 4 hour debate from which this footage was taken filed a copyright violation against this video, despite the fact that I linked to his video and helped him garner thousands of additional views. We filed an objection claiming fair use, and about two weeks later YouTube restored the video. Unfortunately the momentum was lost, as was the viral potential. It really says a lot that the guy who posted the entire debate wanted to prevent people from actually seeing what he had posted! Though I initially posted the link to the entire debate to show that the cuts i used were representative of the entire debate, I removed the link so as not to give that guy any more views. Listen to The Peter Schiff Show Live Weekdays 10am to noon ET on http://www.SchiffRadio.com Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff ... https://www.youtube.com/watch?v=fmO-ziHU_D8

The Peter Schiff Show Podcast - Episode 491 Recorded August 6, 2019 Trade War: New Tariffs and Accusation of Currency Manipulation - Yesterday was the worst day of the year for the Dow Jones.  At one point, we were down about 950-odd points.  I think we closed down under 800; 767 points.  But it was a follow-though from the weakness that we had on Friday and the news, too, that we had on Friday about the escalation of the trade war, where Donald Trump announced the imposition of new tariffs on China. Normal Movements in a Currency Market - But what happened overnight in China was the yuan went below 7:1 against the dollar. This is the first time it has been that low since China started to allow its currency to appreciate against the dollar. It had been appreciating… now 7 is not that much weaker than it was when Donald Trump became President.  The Chinese yuan is only down 2-3% since Trump took office. That's not a whole lot, when it comes to a currency. Everybody is up in arms; now Trump is upset that the Chinese are weakening their currency, when the currency has not weakened very much.  In fact, the U.S. dollar is down about 2 or 3% against the Swiss franc since Trump became President. So what's the big deal? Switzerland isn't accusing the United States of manipulating its currency, just because the currency dropped a few percent. These are normal movements in a currency market. Dow Trading Higher after China Blinks? - But the minute the yuan dropped below 7:1, everybody was saying, "Currency War!"  and "Who knows how much further the yuan is going to drop?" And so that sparked a lot of selling in the Chinese market.  And so the U.S. market went down… I think the futures went down maybe about 300 Dow points or so before we opened.  But then, as soon as we opened, we sold off hard and we did have a little bit of a rally into the close, so we closed off the lows, but as soon as the U.S. stock market closed, the futures sold off again. I think at one point last night, the Dow was off another 4-500 points before reversing on the Chinese yuan having a fix, I think, that was a little bit higher than the markets were worried about, so that caused the traders to breathe a little sigh of relief that the yuan didn't fall again. So that sparked a rally. RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Open your Goldmoney account today: https://www.Goldmoney.com/ Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff ... https://www.youtube.com/watch?v=oWEIzarqsr8