🔴 417: Two Wrongs Never Make a Right

[@marketrealist1221]

Peter - Keep up the great work and thanks for being the voice of the rational!!

[@warsshan]

It's impossible to consume what has not been produced. But it's possible to spend what has not been earned. #DebtCrisis

[@bingoboy44]

warsshan LOL....YUP!

[@sarahbrown5073]

A currency is only as good as the amount of labor required to produce it. Currency was created as a way to exchange labor for labor.

[@justinbrian3422]

Its not a Schiff podcast if it doesn't end with Peter talking about bitcoin lol

[@philleach6271]

Justin Brian he’s still really pissed with himself he didn’t spend one ounce of gold on bitcoin when it was 2 bucks . = 650 bitcoin 2.6 million $ even in this smack down period. Oh well 😔

[@walden6272]

@@philleach6271 That's like saying you should have spend 2 bucks on a lottery ticket that has the winning number after you already seen the numbers drawn.

[@fsmoura]

lol it's the tradition!

[@EricSmyth4Christ]

That's my favorite part

[@carlton7015]

We don’t have capitalism we have debt based croneyism

[@shortfuseband]

DOW up 700 points. Man Peter is the BEST counter-indicator lol

[@a.r.gentum6517]

Those 700 points? gone by Friday.

[@TonyBraun]

....and down again on Thursday

[@shortfuseband]

@@TonyBraun the dow is only down 27 points today... that is actually quite bullish

[@a.r.gentum6517]

@@shortfuseband bullish: ???? NOT!! don't be fooled. The credit markets are singing a somber tune. It's way too late for the FED to prop up the markets with dovish statements. Yesterday the FED yammered and UUP closed at 25.82 today it closed at 25.92 and 25.95 after hours; this tells me something is VERY WRONG in the financial system. LQD tells me we had a head fake; even HYT is screaming the credit cycle has turned. The evidence is so obvious; but we'll be treated the G20 nonsense over the weekend; which will not change the outcome. If you want to play it REALLY safe for 6-8 months, UUP, shorts, and short term treasuries like IEF. Gold's bottom is 1200 imo.

[@James-eg7jd]

Mr Schiff please run for office again, so I can vote for you. Thanks.

[@CK51515]

I used to listen to Peter a fair amount last year and didn't quite grasp much of what he was saying. Now my economic IQ is developing and it's fair to say that most if not all of what Peter asserts is logical, rational, sane and above all I feel must be implemented if we stand any chance of long term prosperity on this planet.

[@austinkearney9965]

Peter Schiff was right

[@thelegend3798]

You like to bet on horses too? I always bet on 6 and 7, they always leave me broke but one day they will win.....

[@jsmythib]

3 lefts is a right.

[@thelegend3798]

@Truth that's Schiff's troll account.

[@round12tko]

Everything in the US is fantastic. So raise interest rates

[@elcuervonegrotarotblog7806]

WE LOVE YOU PETER!.

[@richardkenney4212]

Why is GM surprised by Trump's action? If you accept government money, you accept government control. They should remember why the Volt was built.

[@eyxien6968]

Don't take this in any menacing way, but I literally burst out laughing after you asked if anyone wanted to buy your house right after talking about the guaranteed coming housing bust.

[@crumbles9641]

Always a brilliant perspective. Thank you for sharing your thoughts!

[@timbassett9766]

I love your presentations, and you are spot on with your assumptions 👍

[@norkamarudin9334]

great to hear from u again peter! 5 days without hearing anything from you got me worried the govt has got to u or sthg..

[@EricSmyth4Christ]

My Dad might wanna buy your house Peter. He is an avid golfer and wants out of California

[@sreetips]

Thank you for your excellent interpretations. I just wonder why all these smart people can't, or won't, see the truth about what's going on with our economy. Keep up the good work!

[@danieldeblasio9368]

No peter, gm is a private/public partnership. Yes it is the presidents business when a private company is subsidized by the taxpayer.

[@dhagos]

😂 Peter your the only guy I know that can buy at the bottom of a housing market, sell 10 years later after a huge recovery, and still lose 40% 😕...

[@bulltraderpt]

You have to admire Peter telling people about his real estate property which he's taken a bath on. Fair play to him for his honesty.

[@ccwriter8642]

Peter - would you consider doing a podcast where you answer viewers' questions? You could put the word out that you'll gather a few, and then do a Q&A on them? I really think your followers would appreciate it.

[@nonyabiz3419]

Cool podcast, thanks for great info. One suggestion: less repetitive statements...get on with it. Would conserve 1/2 the time

[@a.r.gentum6517]

Come on; the guy free styles; I give him props for putting it out there; but I don't really like the lectures on politics.

[@a.r.gentum6517]

Kudlow was spewing his ass off. Ignore his babble and ignore the "bounce."

[@a.r.gentum6517]

@Truth OK, fucktard. so oil is taking a trip to 30 maybe even 20 a barrel on the way to 100. there!!! ARE u FUCKING happy, now? You're like a 4 year old child who is not going to drink at the "fountain of knowledge" you'll simply gargle; in your later years you obviously went to school on the short bus.

[@a.r.gentum6517]

@ BAC; no..say it ain't so... my money is on GS to go , ya know, tits up.

[@fsmoura]

Ooh, all the classic characters in Peter's Podcast! This is like an elite gentlemen's club. What shall we discuss next? *_*puffs on Nicaraguan*_* *_*sips whiskey*_*

@Truth The reason BAC (as well as C, WFC, and other U.S. banks) goes belly up is because "eventually" all markets get to a level of "true" pricing. I certainly hope you don't think home prices were allowed to adjust to levels that were real in 2008/2009. Look at what happened. The banks sold some mortgages on the eggzact same grossly over valued home more than one time. Then when the SHTF, Wall St (Uncle Ben bernanke and Hank "uncle fester" Paulson) convinced you through the morons you put in office in Wash, D.C. to sell your grandkids' future so that the banks could be made whole at whatever the price of homes were in 2009 instead of marking to market. The banking "cabal" then went and used the funds that the Fed made available, and through criminal organizations like Blackrock for 1, went into your home town and bought literally hundreds of homes for $25K to $35K (Petey of course just went and paid a "guesstimated" 2X what the place in Boca he is trying to sell was worth in 2009, which is now the reason he finds himself 30% underwater at the second peak of housing prices). The "real" market WILL now go and price homes back to the level where they "woulda" went if the Wall St/govmint banking cabal were not allowed to misallocate funds again...and true price discovery was allowed to happen in 2008/2009. You can't hide the Truth from a real market, no way...no how. This is why GODL and especially oil continue to drop. Those are future inflationary indicators. Both have been ahead of the stock market (economy) for years now. The stock market always foretells the future if you know where to look. Go look at a chart of TOL (homebuilder stock) back to Jan 1, 2005. You "might" be sooprised what you see. TOL stock price began its descent in April 2005. Right when Jim Cramer began his Mad Monkey show on CNBC and made his dummass "land bank theory" of investing his first BIG investment theme of the future. I'm sure you won't be sooprised by that at least. :-)

@Truth Sounds too funnymental for me. And as everyone knows. trading on funnymentals will get you kilt. But you aren't in the minority. Nobody and I mean noooo body sees the banks going belly up. Well, Petey might. We don't really know what he is trading in his personal accounts. He only revealed last year that he was shorting subprime in 2008 whilst his clients were getting taken to the woodshed. No wonder he had the cashola to pay 2X for that house in Boca. :-)

[@seo3324]

Hey Peter, thank you for the video. Do you recommend any real estate agents or agency’s regarding commercial/residential property’s in Puerto Rico?

[@shortfuseband]

Two Wrongs Never Make a Right (UNLESS YOUR PETER SCHIFF!!!)

[@johncameron6351]

I visited China four times in the past two years and used their government owned hospitals on three occasions. Each time I paid less than the equivalent of 20 dollars and was able to see the doctor after waiting no longer than one hour. The medications prescribed were effective and very cheap as well. The NY Times story is totally bogus in my opinion.

[@jd3521]

Born in Canada and live with government run public healthcare. Had no major issues with service. My father had quadruple bypass surgery the same day and no cost to the senior. More immigrants are coming to Canada, helping to pay for universal healthcare. We have private healthcare providers as an option. Secondly, I know of family which live in the USA that have opted out of medical insurance since they could not afford to get heart surgery, and died. 😞. I know of American expensive drugs causing senior American tourists coming Canada to buy cheap medical drugs. My two bits. I do enjoy Peter’s show, but it is slanted.

[@WAVYMCFLY2]

PETER SCHIFF!!!!!!!! Thank you thank you thank you

[@jewbastard1800]

Mr. Schiff I'm still waiting for hyperinflation in the USA. Any estimate as to when it will come? I've patiently waited now for 10 years.

[@ibenzawla]

One of the smartest people around. I never miss his videos.

[@Daniel31415]

To be fair about health care systems - the US has the most capitalist health care system in the world. There is nothing in the system that isn't just a ploy to maximise return on capital. It is also the developed world's most expensive and most inefficient healthcare system...

[@goodhumorman1252]

Thanx 4 explaining how things actually should work.

[@denmarkfidelio2962]

Peter- Just listened to HARRY DENT. Please check it out. His 30yr cycle indicates GOLD has seen its highest as of 2011. He said it’s not going to go anything until (basically) decades from now.

[@theroboticscodedepot7736]

Nasdaq dropped 76% in the year 2000 and people reinvested in that big time!

[@SINTIC007]

Fantastic presentation Peter! I live in Canada and the socialized healthcare is CRAP ! ! ! The best aspect of the Canadian healthcare system is dental / chiropractic / massage therapy - all of which aren't covered by govt and ALL are highly capitalistic

[@dragonore2009]

It's interesting, whenever I got to a private clinic for care, I get the fastest service. I'm there, show my insurance, sign in, and 5 to 10 minutes they are already seeing me. I had to wait one time in a government ran hospital, and waited there for at least an hour and half. I know this is anecdotal, but I suspect there are many people like me with similar experiences.

[@wyndella7212]

I agree with you. I grew up in Detroit and Flint the government should have stayed out of it and let them fail. We need to build cars that can compete with Toyota and Honda.

[@jeffreycalderon3883]

Cenk must have disliked the video

[@AX1A]

Mr Schiff. Thanks for this info. Can you tell advise: What is the most effective, affordable, and trustworthy (secure) method of buying Gold? Where to start, that is? Does one hold the actual Gold, or invest in a Gold backed security?

[@a.r.gentum6517]

Have a look at AAAU; gotta be one the cheapest and easiest to get some gold.

[@daverex04]

Thanks for all your hard work Schiff, I love your podcasts! ... i still love bitcoin tho... at the right price.

[@javiervalenzuela8284]

I'm a subscriber Peter and I believe I understand capitalism. I also believe there are things that capitalism shouldn't have total control over because it will ruin things. Marketing and tribalism based on brand loyalties are what can make the difference. Capitalism in theory would fix everything but it can't because of human psychology.

[@PatrickAllen]

Holy Moly! Peter Schiff just predicted the pop of the Auto Bubble! you heard it here first! You tell 'em Peter Schiff!!

[@benderrodriquez]

Peter Schiff was right!

[@farmerdude3578]

Thanks, I look forward to your program.

[@justinpeanuts9767]

Sadly, I can remember when GM was the world’s largest industrial company.

[@jefflombardi7763]

Love the podcast Peter. You are the best.

[@slhines7]

This current world and so-called "free markets" are far more "broken" than anyone could ever fathom in my humble opinion.

[@PrincipeCaspianX]

What a relieve! Peter!! I thought something had happened to You.

[@jonathanperez7065]

Thanks Peter for that lesson on capitalism. It is sad to see how many people wrongly accused capitalism of the many bad things happening today, sadder to see how people are voting and supporting socialist representatives, and the saddest that none of them are watching your videos. The only ones watching are the ones who already know.

[@ilovecoffee7623]

Peter, all things, including gold, have value. But the value is a comperative term. The value of things increases and decreases relative to other things. No ''thing'' has high or low value as a default. It is only when you compare it relative to something else that its value can be high or low.

[@caseyponder8830]

I never miss anything you put up on the channel but it is frustrating waiting to see any returns on what you’re preaching. My EuroPac account is down12% in a year and my Goldmoney acct is down abt 9-10%. I hope we’ll get to the black when the crash comes...

[@gogreen1908]

Trade statistics are a sham. For example, the iPhone is considered a Chinese export to the U.S., even though it is entirely designed and owned by a U.S. company, and is made largely of parts produced in several Asian and European countries. China's contribution is the last step of assembling and shipping. So the entire estimated wholesale cost of the shipped phone is credited to China, even though the value of the work performed by the Chinese workers accounts for about 3% of the total. If China was credited with producing only its portion of the value of an iPhone, its exports to the U.S. for the same amount of iPhones would be a U.S. trade surplus, after accounting for the parts U.S. firms contribute. I don't recall this phenomenon being discussed in this podcast.

[@juliekelliher8259]

apple has 26,000 american workers and 800,000 chinese workers ...i think the numbers are fair

[@pablopina8924]

@@juliekelliher8259 interesting detail.

[@AWolverine]

Great podcast!

[@94115david]

I'm rooting for you.

[@JSB103]

Government is not an enemy of capitalism; the illegitimate relationship between banking and industry with the high institutions of state of the expense of the common citizens is.

[@tomh9326]

Trade deficit or reserve currency, can't have it both ways.

[@thomasjefferson9129]

Yup, the nation issuing the reserve currency has to supply the world with Dollars! Not sustainable long-run and wouldn't happen if the reserve currency was backed by gold (in which case gold is the actual world reserve currency).

[@pablopina8924]

@@thomasjefferson9129 your right Gold is the accepted barbaric metal globally.

[@thomasjefferson9129]

That's not what your wife said :p @@pablopina8924

[@pablopina8924]

@@thomasjefferson9129 your response has no real backing did -Truth -emotionally touch you and now you want to be like him?

[@thomasjefferson9129]

@@pablopina8924 not sure exactly what you mean - but just a joke! Women will always love and value rare shiny stuff, so it retains or even gains in purchasing power, despite what CNBC might tell you. Imagine what you could get in Venezuela for an ounce of gold today ;)

[@torydutton9148]

Peter, You have been consistently wrong on bitcoin, but this criticism is pretty good. I’m a bitcoin fan, but I agree with you that institutional money is not going to sign up for something that routinely drops 80%. However, your statement that this bubble was way bigger than all the others and “it’s over”... I’m sure that statement won’t age any better than your past statements on bitcoin.

[@davincij15]

OMG Peter! Money is the same as all other aggregates (things) such as homes, fish, computers, software, electricity. computers, and promises to create a car are products. If someone invents money on island that has no money the create a product to use to accomplish a task of trading and savings. You choose what product works for you and if you don’t believe there is any value in electricity your free to believe that. Bitcoin is a product that is useful regardless if you know it or not even though you can hold it in your hand, much like software it has value because I can transfer it without someone telling me NO. If bitcoin did not exist today I would not be able to pay for large ticket items because every time I do on my credit card they tell me NO or ask. If it was me. Sometimes I buy virtual times for my kids and they stop me every god dam time.. This is why bitcoin needs to exist it is cash with out a third party saying no I cant buy that.

[@femaledeer]

I can always count on peter to help me fall asleep

[@icecoldfroste]

@peter Schiff can you do a segment on Toronto and Vancouver property bubbles!

[@DolphLongedgreens]

The island scenario conveniently leaves out the military.

[@jefftri]

Am curious about your take on today's massive stock market rally because of Fed Chairman Powell indicating that interest are near normal levels. This could mean one rate hike in December and done. Will the stock market keep rising or was today a head fake?

[@Frank-bh3cm]

Great pitch Peter, surely you'll have people lining the streets to buy your house!

[@runninglistofcomplaints6455]

Peter Schiff, you are wrong. The Federal Highway System is the biggest subsidy the auto companies are getting. Longtime fan here. Been listening since you had the radio show. Would be great to hear you do a couple interview format shows again. Keep up the great work!

[@ValiRossi]

Tesla is the one getting massive subsidies. That factory used to be a Toyota factory. They were fed up with the taxes and left town.

[@shanedivix9306]

Thanks peter

[@JETLIFEJASON]

Been waiting on this 🤙🏼

[@mabruehl2729]

LMAO, did anybody else get the ad for Paul Krugman's master class on economics and society?

[@elking7601]

Lmfao 🦕 I just got a Paul Krugman ad prior to your podcast! The irony.

[@danieldeblasio9368]

Lucky you, paul Krugman is a great man. We could learn alot from Mr. Krugman.

[@elking7601]

@@danieldeblasio9368 totally.

[@morganvon5664]

Whatever is happening to the economy, to conclude the GM plant closings is a sign the economy is getting weaker is flat out wrong. All the plants that are closing produce cars - not SUV's. As most Americans know, cars are not selling and SUV's are the big sellers. The plants cannot be retooled to produce trucks.

[@esendon]

The US markets will make new highs in 2019 as it is trumped beyond believe. Don't miss the last leg up. Gold is about to tank.

[@a.r.gentum6517]

LOL; that ship sailed month ago. It's all downhill; question is will it be a nice bunny hill or Streif. I'd like the Streif to get it over with. Gold is 1200 and staying put. Once the world sees 1450 gold THEN it's a rocketship; this will take months maybe another year. Shorts and cash; US dollars; cash money and 5 years treasuries and you will come out unscathed.

[@emanuelcollado1343]

Hey Peter Im here to let you know your not just talking to yourself. We are listening. Infact Ive been a fan since your wrote CRASHPROOF 1.0 I want to add unlike Peter Im waiting on Bitcoin to form a bottom at 2400-3000 to buy it again after shorting it since July.

[@codystein8568]

Oh boy I’m ready for tomorrow!

[@killap3nguin]

Cody Stein why

[@aseanidmiller1238]

@@killap3nguin potential stock drop

[@fsmoura]

MY BODY IS READY

[@killap3nguin]

Aseani Miller that happens every single day lmao. Up and down

[@cotycoty6022]

Cut military budget in half and make healthcare free like all other modern countries. Those who can afford private care can choose to do that. Everyone gets sick and dies. Mandating a permanent war budget that is so bloviated while disparaging those who want to not live in fear of how to pay for inevitable health problems is beyond me. Even the majority of GOP wants Med4All. I think Peter has hard on for socialists and can't see beyond those ideological blinders when it comes to popular will and common sense solutions. This isn't a market you get to choose to be in or not. EVERYONE gets sick and dies. Therefore everyone needs healthcare. Creating a system where everyone is socially policed and schooled is totally normal, but helped from illness is socialist and abhorrent? Our "healthcare" has become a parasitic extraction of wealth from people who become ill, nothing more.

[@citizeng7959]

Capitalism, while not perfect by any means, is the best political/economic system because it is aligned with human nature (life, liberty and the pursuit of happiness). I also believe in what I call "Contributory Socialism." That is, we all contribute to the system more than we take out of it. That's the essence of, for example, taxes. A community needs a road. Everyone pitches in (taxes) to build the road. Everyone benefits. The key is: any individual who is able must contribute more than they take out. Why? Because there are always going to be those who cannot make a net positive financial contribution (e.g. working age people who cannot work). We must take care of those who cannot take care of themselves. However, since the New Deal, socialism has morphed from a "hand up" to a "hand out." The government has gotten gargantuan, and we've all become accustomed to the "nanny state." At this point I'd say most people are net takers rather than net contributors, when you factor in those on social assistance of some kind, retirees, and those who either work directly or indirectly for the government or for whom the government is their customer. This is not sustainable. And it's coming to a head at a time when those who don't know their history are crying for more socialism. What those people don't understand is that rampant socialism where the government just gives everyone free stuff (income, rent, education, healthcare, etc) does not lift everyone up to a better existence; it drags everyone down toward a lower standard of living. And ultimately misery. Or worse. Pray the current insanity that has gripped America will be fleeting. We need smaller government that gets back to basics, far less taxes, free (but regulated) markets, and enforced laws that put the crooks in jail. We also need the globalists to go away and take their climate change scam with them. We need global cooperation, not global government. Sorry, I'm spewing now

[@austinjoliet4412]

Bailouts were terrible, even in the face of that information we will try it again shortly and continue a long line of failures ending with the saying, never again...

[@losttale1]

so much for Ptere's prediction of oil price

[@icaroadriano751]

Hey Peter, your podcasts would be even better and attract more audience if they were on video as well

[@PassportBrosBusinessClass]

ONE TERM PRESIDENT

[@warsshan]

One Term then locked up

[@iankennedy2592]

3/4 term president

[@ReformedOrderPart2]

Yeah, right. Just like Bush Jr. was?.... (-_-)

[@warsshan]

@Kevin Schmidt A lot of things seem unlikely until it happens. #LockHimUp

[@kolabola8333]

People lose good judgment when they are desperate and helpless. Plus, he is a gift to the ruling elite. He is more valuable to them than Obama and Bush combined. They would not give him up easily. And he paid it off already in advance. 15% tax break for the top 10% who owns 85% of the stock market. For the rest of the Americans, he offers tweets. So enjoy the tweets while they last.

[@walden6272]

Good point about Bitcoin, no institutional investors would want to risk losing all their fortune on a gamble with Bitcoin. The ship has sailed. It's basically over. Only Bitcoin diehards will stick to it to the end and trade among themselves until they need extra money to buy pizzas then they sell their last remaining bitcoin.

[@thomasorchard]

No response yet about Goldmoney returning my funds from cancelling my debit card... Anybody have any luck yet? (Still a fan of Peter and enjoy his podcasts, hopefully Goldmoney makes things right so his reputation isn't hurt by this.)

[@thomasorchard]

All U.S. Goldmoney prepaid debit cards expired without notice on Oct 31st. (Even though most cards had expiration dates well into 2019 and 2020). Thousands of Goldmoney customers are trying to get the money still remaining on their cards to be refunded to them.

[@thomasorchard]

I had about $200 left on my card. Enough to be annoyed about, but not enough to hire a lawyer and go thru a bunch of B.S. to get it back. I just wish it would get resolved.

[@thomasorchard]

T Hambone It was something that had to do with the MasterCard issuer, Intercash. Goldmoney states that they are waiting to receive the funds from Intercash. Intercash says they have processed my refund and that I need to contact Goldmoney... So... I'm just sitting here with a thumb up my... Ah nevermind... Maybe I should just forget it at this point.

[@bingoboy44]

ET Nem THAT'S WHY I HOLD PHYSICAL IN MY HANDS....THAT WAY I DON'T RELY ON THIRD PARTIES!!....BECAREFULL WITH YOUR HARD EARNED LABOR SWEAT AND TEARS DOLLARS PEOPLE...

[@vlcheish]

Should I buy Gold stocks in a time like this? Something like Barrick??? 😥

[@whitewolf1298]

Yeah Donald- take away those GM subsidies- then they will lay off 150,000 to avoid bankruptcy.

[@michaelc5386]

"Capitalism: God's way of determining who is smart and who is poor" - Ron Swanson (Nick Offerman)

[@roreirah]

What if companies in Southeast Asia act as resellers/proxies for Chinese goods? Wouldn’t that get around any tariffs?

[@dbpeterson2]

Hi Peter, what's the address of the property in Boca Raton? I've been looking at properties there.

[@thezio-conreport4427]

The Chinese debt is still like 300%

[@sangeetasharma5435]

I think Mr peter schiff underestimates generational theft.

[@a.r.gentum6517]

You understand the scam; China is spending $20 for 1$ in growth.

[@davidfranklin4534]

It is a ponzi scheme.

[@a.r.gentum6517]

@@davidfranklin4534 Schiff whines about twisted US gov't data; China's data has ALWAYS been and will remain; pure fiction.

[@twaters57]

China government has trillions in surpluses.

[@rstora01]

Contradictions: Sorry Peter, you contradict yourself on the inflation prediction. .59 Tariffs decelerates slows down the economy (deflationary). 3.06 Prices are higher from the tariffs - "It's not about production but consumption" if people don't get higher wages they cannot consume. (deflationary) 8:29 Tariffs are a negative for the stock market reflected in lower prices (deflationary) 8:59 Weakness in the Auto sector means layoffs, factory closings loss of jobs, profits and, production (deflation) 26:00 The price of gold and silver G&S) is flat. In 1980 the prime was 18% and the price of G&S reflected an inflation peak. 26:37 3rd worse Thanksgiving stock market since (when?) the great depression (deflation) 27:35 Pensions under funded and failing (deflation) 28:39 Homeowners taking equity out of their house to keep their neck above economic water (deflationary) 29:20 Housing weak, Peter cannot sell his house even at a loss (deflation) Inflation = An increase in the money supply and credit reflected in the economy with raising prices and wages. Deflation = A decrease in the money supply and credit reflected in the economy with falling prices and wages No matter how much they attempt to blow up the balloon the air continues to go out. The US is in deep deep deep trouble!

[@markc7905]

Best music intro. I hum it driving to work.

[@DListening]

What happened to laissez- faire? We are going backwards by trying to influence private companies.

[@112kain]

I really like your show keep going just kidding below!

[@rickybobby-lb9me]

It's sad because I'm trying to point out some of these problems to my family. But they won't listen to me! It seems I'm gonna have to watch their retirement and small business go up in smoke...

[@markusEuro]

Catherine Austin-Fitts at Greg Hunter's, quote: we have made a complete fool of ourself in front of the whole world in the last two years. unquote

[@ToppsTim]

Today and tomorrow is and was your best time to buy gold and silver. Stick a fork in this bubble economy.

[@harrybrown6014]

Go back and listen to Peter talk about the employees of a Crypto company wanting to get paid in fiat money because they have bills to pay, etc. Every time he says 'Bitcoin' substitute the word "Gold" in it's place and try to see if there's any difference.

[@whydotheathensrage]

Plunge protection was initialized on 11/20 we were on the precipice of another sell off, and "magically" things reversed at the open. markets by MANIPULATION -

[@ralphgagnon1109]

Pete, how you making out accepting bitcoin to buy gold on your website???

[@Earthandweather]

Ralph Gagnon He doesn’t accept it an intermediary does. I imagine it is working out just fine until the intermediary has had enough.

[@RR-js9kl]

Today 11/28 The FED said that the interest rate is just below neutral = just below bubble pop! No more rate hikes!

[@a.r.gentum6517]

I call bullshit on that one. The dollar barely reacted and it will recover and march higher. Either Trump juices the market with tweets, Kudlow yammers, and now Powell; it's all irrelevant long term. I made good money shorting oil today, I was going doing "voodoo" to get oil to go below 50; oh so close I shorted NG at 4.70 and expect to wake up to a nice morning opening I'd be giddy @4.25 I'm not greedy lol. This is such a joke; MR Market will demand higher rates; the FED is powerless. Schiffy's yammering will be relevant, soon.6-8 months? We are looking at DEFLATION, right now...Well into next year; so I'm on defense. I'm shorting just about everything to include gov't sachs ooops I mean Goldman Sachs. I flipped my FXI to FXP. With oil this low; all the garbage debt over there in fracking land is cracking. Financials are cracking right now; zombie companies issuing B- bonds and leveraged loans to pay off previous loans. So many corps went on a debt binge to buy competitors via leveraged buyouts; the stress is cracking the phony foundation of a "solid" economy. Numerous examples are out there. Then around; let's say Q1 when inflation hits stocks and corps to get falling earnings and declining stock prices. Selling begets more selling and triggers algorithms to SELL SELL SELL. right now the VIX IS BACK ON THE RISE. as I write this; and for some reason I'm writing in red font; lol. of reality.

[@joeydonuts191]

GM miss allocation of money is their problem. In the last 4yrs they have spent 14 billion in stock buybacks!!! Poor management n leadership. CEOS wanting 2 mm stock incentives for bonuses n the worker now has 2 pay 4 the executives greed!

[@adolfosrs]

My investment plan is working perfectly. As soon as Peter Schiff starts bragging on a BTC drop thats the time to accumulate for the next ATH.

[@theroboticscodedepot7736]

Depending on the several factors including power cost mining BitCoin can still be profitable because when the price goes down the hash power needed to mine them also goes down so you mine more coins. So I don't think Peter is quite up to speed on the technical aspects of BitCoin as he thinks he is.