Bank Bailouts Will Devalue the Dollar

[@bbustin1747]

The hardest working economist on the planet! Salute you !

[@mzuribeauty4287]

Especially when USD is loosing value much faster than gold😂

[@gregorysagegreene]

He's beyond economics. Economics is a poor servant to him. Nothing in Macro or Micro tells you even anything about this 'Metanomic' crap, because it's architected (poorly or deliberately) above the Economic System, which again, is a humble feudal serf compared to the gigantic convoluted mess that moves it.

[@bibekjung7404]

Almighty Kabir God

[@BlueWaterSTAX]

Awesome interview Peter. Thanks for telling us the truth for all these years. History will reflect kindly on you and your father.

[@matthewhayman9384]

Nice shout out to his father!

[@kimharris3322]

Peter keeps nailing it 😂

[@darcyerdman2983]

They are consolidating the banking system in preparation for centralized banking. Basically the system is being nationalized.

[@sarikagoode1505]

The interviewer looks so young and innocent. Peter is like his dad who goes “Son, let me tell you about the real world”.

[@dersturmerofjewery6038]

Sounds pretty sus bro

[@curtisw0234]

@@dersturmerofjewery6038 smells like projection

[@kiadav9529]

​@@dersturmerofjewery6038 why would you think that hnmm kinds sus to mee🤔

[@questworldmatrix]

It's funny how the human created system that changes throughout the centuries is somehow "the real world."

[@swfsql]

I'm impressed on how the interviewer is receptive (at least not showing any kind of opposition or disrespect) to what he thinks and have to say. I really did not expect that!

[@jeffkittelson4869]

Thank u Peter for giving your knowledge on economics to the world for free on tv. Praying for u always. I wish people understood better by now tho

[@constantlyevolving8914]

I love this man and never heard of him everrrr! My cousin sent me this video and boy am I glad! He spoke pure facts. I even remember a lot of the things he spoke on such as the fed down playing the recession like "nothing is wrong:. Naw, this is pass recession phase, definitely a depression. It will only get worse! Keep preppin folks.

[@dersturmerofjewery6038]

Good thing you found Peter he is a knowledgeable Jl🇮🇱

[@DigitalDissident]

☺

[@GregInATX]

Stockholm syndrome is a hellova drug.

[@auntiefiat9769]

People are asleep. A few are risking everything to warn. Glad you are awake! Warn your peeps!

[@thehealthydad]

@@GregInATX 😂

[@brentbutner1208]

Peter's the man. About the only guy anymore that tells it like it is. Smart as a whip!

[@bigbird2240]

Look into Edward dowd

[@MoonBull13]

I love how he shits on the fed every chance he gets 🤣

[@aheroictaxidriver3180]

When all you have is a hammer, everything looks like a nail. That doesn't change when you become a big banker.

[@Avathor73]

If you knew the history about his dad, getting jailed, you would understand.. Google it. :)

[@LAStreetPreacher]

Lalo-Somebody has to speak against the Fed=aka "The Beast" because the mass media never does speak about the evils of the Fed policies.

[@fredfrond6148]

He does take a break once in a while to 💩 on 💩 coin. His words.😂

[@navsofour2892]

They are keynessians not really hard for an austrian economist to destroy them.

[@sheevamatimbas4300]

Peter Schiff spitting Econ 101 👍💯😊

[@bayarcadeandgaming676]

"Fed doesn't make forecasts, it just guesses" love it

[@theodoreboosalis]

Yaaaaay we need more Peter Schiffs!!!!

[@AnthonyTolhurst-dw1nc]

Hey Murica! BRICS is running beside you.

[@viviangall1786]

Peter, I blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).

[@carter3294]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $180,000 savings to turn to dust

[@bobbygunz9254]

Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Christine Blake Mckale, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

[@claradidi7573]

please how can i find the lady you mentioned'?

[@chrismillson2779]

Christine really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

[@claradidi7573]

@@bobbygunz9254 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@BanksOwnUs]

I really like this interviewer, just asks clear and succinct questions and gives Peter the space to answer without interupption. Thank you.

[@PumpkinKingXXIII]

It’s all fun and games until they destroy the dollar as a reserve currency and hyperinflation makes a potato cost $10,000

[@dersturmerofjewery6038]

In a hyperinflation scenario that potato bag will cast 1 trillion dollars

[@urimtefiki226]

@@dersturmerofjewery6038 I am curious to see haw people will react when they will have my problems to buy food, I survived for three years now the tables will return, to those who were laughing with me when I was in extreme financial situation.

[@PlayoffModeGoated]

Inflation won't get that high. That's why cbdc is already in place. They are ready to give you a social credit score to shop.

[@PumpkinKingXXIII]

@@PlayoffModeGoated sure it won’t, changing $10,000 dollars to 3 cbdc doesn’t really change the cost it’s like slapping on a Mercedes badge on a Honda.

[@overwatch2671]

​​@So LaCoastra Playoff So You keep thinking that. Clearly, you don't have a true understanding about money.

[@I_Died_2_Weeks_Ago]

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." -Alan Greenspan: 1966 essay entitled, “Gold and Economic Freedom”

[@sang3Eta]

"Fiat money, in extremis, is accepted by nobody. Gold is always accepted." - Longest serving Fed chairman Alan Greenspan.

[@Harperrr.99]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $120,000 bond/stock portfolio.

[@Aziz__0]

Investing in stocks is a good idea, a good trading system would puts you through many days of success.

[@user-3456rtu]

@@Aziz__0 True, the US-Stock Market had been on it's longest bull-run in history, so the mass hysteria and panic is relatable, considering were not accustomed to such troubled markets, but as you mentioned there are avenues lurking around if you know where to look, l've netted over $650k in the past 8 months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfoilo advisor.

[@user-3456rtu]

@Margaret Credits to CASEY ALLEN GRAY, one of the best portfolio manager;s out there. she’s well known, you should look her up.

[@friendsforever5012]

They printed 300billion this month wow...

[@vietnamemperor123461]

It's call quantitative easing.

[@vdubs4life1964]

back in 2008 a 850B bailout was a huge deal.. now they throw around trillions like its nothing.

[@tampabayrodeo2474]

The demise of SVB hasn't improved anything. My reserve of $450,000 is being wiped out by inflation and recession, and I'm saddened that despite investing, I lack the mental capacity to analyze each company's performance and determine whether now is a good time to buy stocks or not. I honestly don't know what to do at this point; I need reliable market trajectory data.

[@hannahdonald9071]

For retirees and those close to retirement, I believe it's particularly challenging. All those years of labor only to lose it all to a problem you weren't responsible for, my regrets to everyone retiring during this time.

[@graceocean8323]

@@hannahdonald9071 Only a good FA will be enough to guide you through the current market volatility. I've been speaking with a coach named Maria Juliana Ramirez for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.

[@trazzpalmer3199]

@@graceocean8323 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@graceocean8323]

@@trazzpalmer3199 I'm lead by Maria Juliana Ramirez, whose profile I discovered through a CNBC interview, and with whom I got in touch. It has since acted as the starting and ending point for the games we have prioritized. If tracking is required, an internet search can be done.

[@mcginnnavraj4201]

I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

[@pasquale2652]

This is one of the best videos I've seen of current events. Thank you so much.

[@ttoo144]

Price goes up or dollar doesn't buy what it used to.

[@Jaquardo]

Thanks Peter. You are a very smart guy, but you can explain things that even I can understand, and I know nothing about finance and economics. 🙂

[@darrell8167]

So a candy bar is going to cost me approximately$3 for Three musketeer.... it's never going to stop 🛑

[@user-mq1up2fw4r]

PETER YOU ARE THE MAN, KEEP UP THE AMAZING WORK

[@robertom.buscher]

Thanks for the good summary! Now is the perfect time to start buying BTC if you are just being introduced. I just made my third withdrawal yesterday for 2023. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Brian Fischer for helping me get into his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Brian Fischer..

[@RichardPAdams-ms7mu]

Wow I'm new here …How does this bitcoin thing works ,I just need someone to guide me and help me manage my trade...

[@ConnieCRiley]

I strongly advice against self trading, it really dangerous and has brought many investor down, I thought I knew it all when I was practicing with my demo account but I lost a lot of money when I began my life account , but I met this expert Mr. Brian D. Fischer that's the turning point of my life I'm grateful I did believe him.

[@dexters.vicente]

I agree, I was on the sideline for awhile observing, trying to figure out the best time to get in, that was before I came across Mr. Brian , commended by a pundit on Reddit, reluctant at first but I went ahead and got in touch with the Mr. Brian, long story short, it's been 3years and counting and I've made over 1.5million dollars simply by following Mr. Brian Fischer guidance. I took a vacation to Bahamas late summer just to reward myself a little for the consistency lol...

[@JamesRBalke]

Mr Brian Fischer has been such a blessing to me, my colleague got me involved in this and I can't thank him enough, my first placement was a little amount of Bitcoin and my investment has been growing so well even with the current dip..

[@sharoniflores]

I have also been trading with him,The profits are secured and over a 100% return on investment directly sent to your wallet.I made up to $110,000 in 2months trading with his platform...

[@HarrisonAndWest]

Question: With BRICS and the notion that Saudi Arabia will consider using Yuan instead of Dollars, How will this also affect the Dollar and Western economies, alongside these banks failing and being bailed out? Thanks.

[@stochasticxalid9853]

Amazing analysis...I am learning that much. Thank you Sir.

[@eyadsaheb5672]

why is there some dude fresh out of college interviewing such a prominent economist… Peter has shoes older than this guy

[@joeygee11]

Spot on

[@crlive8880]

I like your frequent live broadcasts! You are giving much more current news. Keep up the good work!!

[@watermill4854]

Excellent interview technique allowing the guest to speak and keeping the questions short to the point and moving debate to next part. A lesson in interviewing - great points from Peter

[@orbaxis8859]

Peter u are so brilliant with your explanations about the paper dollar and actual products. Tqvm

[@C4T123]

100% on point.

[@johnnyb3126]

Hey Peter man 🥇🥈👍

[@drip369]

Failures are supposed to get an F, not a bailout, it's just like getting a participation trophy never getting the motivation to do better

[@JoeHeine]

hey, that's the democrat way.

[@vister6757]

Fed needs to be outed!

[@semperfeze9754]

HAHA. His tie matches his sunburn. I need to take a vacation to PR.

[@navsofour2892]

Always great consistency listenting to Peter.

[@Nolongerangry]

1929 era of events.

[@dersturmerofjewery6038]

1907 all over again 1837 OK repeat then 1812 in the end

[@tahirhaq9627]

14:00 - Peter just described why we have a $800 billion defense (of fed reserve) budget

[@johntrueconservative2547]

Bingo

[@squidster3128]

That's not even enough to pay interest for the national debt!

[@Geekie294]

The inflation has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation,"Anyone who is not investing now is missing a tremendous opportunity." I lnvested $1,500 with the lady Peter recommended here sometime ago and got $9,800, Proflts in 3 days, I’m forever grateful to Ms Caitlin Zima, you’re the best.🙏🇺🇸🇺🇸

[@Mara513]

Wow! Nice meeting people who also trades with Caitlin, I couldn't believe it to untill I got my proflt of $16,600 with a startup of $3,500 in 3 days, I love Ms Cait.

[@john_Fredrick]

Ms Cait’s success stories are everywhere No doubt her service is very good, i also lnvested $2,500 with her after some referrals here sometime ago, and got $15,700 in 3 days, Her analysis are awesome.

[@Geekie294]

@Felicia cardi *Caitlin Zima…Make sure it’s spelled correctly.*

[@Aubree52]

It's a very good idea if people get to setup some stuffs aside for themselves that could be bringing them money apart from there businesses. I Saw comments about one Ms Cait Zima here on KZbin, I invested $1,500 and got $9,500 in 3 days isn't that fair enough???

[@Charlie_Flood]

I'm also a proud beneficiary of Ms Caitlin Zima! I've built my portfolio massively and still building. Started with a KZbin referral just like this and a few thousands. I'm way up to the proflts now...

[@stlouisix3]

Brilliant points on the banking system, Peter👍👍👍

[@baruchspinoza4979]

The "invisible hand" of future capitalism is now coming into a better view, and each of its fingers has a name. One finger is named JP Morgan, the second finger is BOA, the third, Citigroup, etc. Of course, the hand is the Federal Reserve.

[@charlesg7926]

Who do you think owns all of them? The real hand is the Joo-den

[@HeresMyView]

And, in reality they are the world's largest financial cartel engage in toxic manipulative financial products. They make the drug cartel look like cry babies in the drug industry. 😂

[@pioamillos9001]

peter you are one of the most sensible financial adviser that i admire. thanks for not sugarcoating the actual financial situation like msm network.

[@Steve-gn4hk]

Keep up the good work Schiff ✊🏼

[@rexharrisen5387]

Damn Good on Weak bank systems and low pay Treasuries bonds.

[@rocketj7449]

I would love to see Daniel Dimartino Booth and Peter Schiff debate this subject. 🍿

[@dadbod_way6916]

She wouldn’t stand a chance, he’s always right. The timing is impossible to nail down. Even Bret Johnson admits Peter is right.

[@carlosdangerfield9477]

always predict a crash... if it happens, you get credit for foreseeing it, otherwise you get credit for preventing it. win-win

[@marymarinho-no8xy]

16:51I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

[@only1obaro]

I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days

[@jenniferamadi5125]

She is indeed a forex mentor. With my first investment of $700 I got a ROI of $3500 in a week

[@goldismoney5899]

END THE FED. Abolish the IRS. Gold and Silver are Constitutional money.

[@vichetkim5533]

Klaus Schwab from the World Economic Forum is correct when he says "we will own nothing" because central banks will print money to destroy the value of fiat currencies resulting in no purchasing and selling power. This will deny the value of savings too which limits incentives to save fiat currency.

[@jwinwin9215]

Peter schiff is awesome thank you for all that you do in warning people about the upcoming collapse of the financial system

[@gagnepaingilly]

FED: We need people unemployed and bankrupt to calm inflation.. 2 days later SVB goes under FED: Wait, not THOSE people, only poor and middle class can fail in this economy, as usual.... Well given the global economic crisis we are currently experiencing Investing in alternative income streams that are independent of the government should be the top priority for everyone right now.. A variety of stocks and digital currencies are still attractive investments right now.

[@shirleneunglesbee1423]

Hahah....High moving stocks are not the path to big profits. It is the management of risk in relation to reward. Putting on the appropriate size and twisting your edge as many times as necessary to achieve your aim. That applies to everything from long-term investing to day trading.

[@smithmurphy]

@@shirleneunglesbee1423 I agree that my profit has been fairly consistent, regardless of market conditions. I started investing in early 2020, but the persistent downtrends and losses discouraged me. I sold off, and I later re-invested in December 2021, this time with advice from a portfolio adviser who had been praised by a well-known economist on a subreddit. To make a long story short, it's been two years, and I've made over $850k by following her advice.

[@kansasmile]

@@smithmurphy The news I've been seeing in the market hasn't been very positive, so I've really been looking at advisors lately. What individual is directing you?

[@smithmurphy]

The versatile and knowledgeable JILL MARIE CARROLL can meet your unique requirements. You are free to look her up and make use of her.

[@kansasmile]

@@smithmurphy Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@konakreek3317]

Lol Peter is a legend for giving and interview like this. He takes time out of his busy schedule to teach the kids.

[@pasquale2652]

Once again, a great video. I would like to recommend that Peter's name be included as he speaks, so that viewers will know who is speaking.

[@LarryButler-kp3se]

The ONLY fixed value item is GOLD. Gold DOESN'T appreciate! It's the reference of value. In 1965, the US Dollar devaluation started. Gold was $35.43/oz. By 2000 the dollar became more worthless at $270/oz, 7.62 times as many dollars in 35 years. Gas was $1.63/gallon. In 23 years since, it takes $1,988 to buy that same ounce or 7.28 times as much worthless US Dollars as in 2000 or 55.5 times as many worthless paper dollars to buy that same oz of gold in 1965! Now, in 1965, the average wage was $6,900/yr.! Multiply that by 55.5 times and you get what you HAVE to be making just to break even, $382,950/yr! Of course, few even come close so we're all working more and more for less and less, exactly what corporate America wants, slave wages! In 1965, minimum wage was $1.25 x 55.5 today it SHOULD be $69.38/hr JUST TO BREAK EVEN! If you were flipping burgers for $69.38/hr, you could buy one of those $59,000 Fords you can't afford now on your measily pittance. The brainwashed Americans complain $4 gas is awful. It's great! 2000 gas was $1.63/gallon X 7.28 = $11.86 today to keep up with the dollar crash! $4 IS CHEAP!

[@shirleycedillo1589]

Always truth😊

[@metalstamping]

Good info.

[@curtisfowler7624]

Not punishing crime encourages more and worse crimes. Dha

[@urimtefiki226]

I have drastic standard of living for three years, now is time others to taste it. I worked hard for better life, hoping one day together with my family we will have a decent life.

[@deanpaterson3219]

Wow, Peter Schiff. I have yet to hear such straight talk and I must agree with his take on the American economy. Crtpto and Bitcoin will create it's space that is clearly offering global citizens an opportunity to opt out of the FIAT system.

[@sandikennelly1357]

Biden has to go. We didn’t see these problems under Trump.

[@dallaspowell2457]

I hate to say it but won't that be a good thing for the paper dollar to come to an end? 'All good things must come to an end' Are the good times really over for good?

[@AllAboutFoodFirst]

They can’t get bailed out with monopoly money! There is no Bail outs

[@larsh2923]

Peter's father published the only book that was banned in American history. He died in prison of old age and a serious health complication. The Fed/IRS didn't let him out even for a few days to pass away in peace. He was convicted for not paying his taxes, nothing violent. Peter will never forgive the Fed/IRS for what they did to his father.

[@HAMBURGER-s1l]

2008 version 2.0 but worse. Great job Peter! keep rockin.

[@mrzipdisk]

His explanation was just like it’s banks it’s banks, people made fun of me and it’s banks. Fascinating explanation, Peter!

[@JohnDaniels]

That's already happening, I took my money and bought T bills they're paying four to 5% interest on one month bills so your money's not tied up for long but keeping in the bank it's just the roading at least when you buy t-bills it's eroding at a slower pace

[@friendsforever5012]

Inflation is over 10 percent, your losing 5 percent ...

[@JohnDaniels]

@@friendsforever5012 😭 I know, the FED Is transferring the wealth from the poor and middle class to the elite few.

[@MannyC711]

Pedro Schiff got that Puerto Rican tan going on!

[@chrishart8548]

All helps the own nothing plan. And makes the rich even richer when all the houses people thought they owned are returned to the banks in foreclosures

[@zacharyparis]

The only dumbfounding thing about Peter is that he thinks we are going back to the stone ages and will be trading in gold and silver.

[@Hoosier765]

Print money. Accept donations. Print more money

[@Gumsheils]

We're in the end times.

[@dersturmerofjewery6038]

Close but not yet the next century will be it

[@Gumsheils]

​@@dersturmerofjewery6038 Joel in his prophecy tells us in those days at that time when God regathers captivity of Judah (Israel 1948) and Jerusalem (1967) that he would gather all nations to Jerusalem to battle (Armaggeddon), from Ezekiel 38 we are told it's the Prince of Rosh (Russia) who leads the invasion of Israel.

[@curtisw0234]

We’ve survived plenty of financial catastrophes. And often times these crashes are necessary because they provide hope and a chance to succeed to those on the bottom.

[@sang3Eta]

Exact intraday bottom of the S&P500 during the 08 banking crash = 666. No man rich or poor, free or slave, will be allowed to buy or sell, without taking the mark of the beast on their head or arm = Mask, vax, jabs for jobs.

[@dersturmerofjewery6038]

@@Gumsheils you err in scripture, Joel says God will bring back Israel and Jesus will reign. When did that happen? As far as I know the Talmud, which is parcel and imperative for Judaism requires you to deny Jesus. How can you say this so called Israel is that of Jesus Israel.

[@Discovery123.]

Peter!

[@kandismueller7716]

Peter Schiff for President!

[@ronalddvorak1967]

The dollar is worth about 1 cent, how is the banks going to dilute it more?

[@djtan3313]

A most fair man this.

[@Yup333]

It’s a roach motel.

[@silverdrillpickle7596]

Correct. It’s contained; it’s contained to the Roach Monetary Motel.

[@dersturmerofjewery6038]

It's a fumigation roach motel and there's a hole in the tent

[@martinmomu9141]

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.

[@Danielbucks944]

you're right investing/trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

[@zeki122]

the best decision I ever made in my life was investing in financial market. Trust me guys, it pays a lot. I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocket. If you trade without a expert then you are gambling and have no business in trading..

[@roberternest4641]

I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last two months in CNBC world news and decided to try him out...I'm Expecting my third cashout in 2days

[@raphfelimax2713]

he's really a professional. For this past months, I keep earning $11,800 weekly profit having invested $4,200 and working with him

[@marshallbsanz2068]

I was trading fairly a small account and I got over 200% within one month. We need more traders like him in the space to guide the teeming population of crypto enthusiasts and traders out there

[@wendyfisher3886]

Worst A I I've seen.

[@basedmushroom]

Hi Peter!

[@PonziZombieKiller]

Simple... people think they are investing. Actually they are buying PetRocks.

[@george.carlin]

tropical sun works. Good tan Peter. 😀

[@Userhfdryjjgddf]

China has its own real estate and over printing fiat currency problems as well

[@PonziZombieKiller]

It is not rocket surgery... hell even I can figure this out. Class Warfare and Rewarding Failure is still in full swing.

[@joeygarcia8295]

14:00, Immanuel Wallerstein would be proud that Schiff is talking about World-System Theory.

[@Hernsama]

Yeah peter you need to change the lighting in your studio.

[@headfakez]

Insanity is at another level. Inflation, high interest rate, bailout, all hurt the regular Joe's of the economy. This will not end well.

[@jaybird7534]

Opposite, our dollar will become even more valuable as the deflationary depression takes hold.

[@EmergingGlobalRealities]

how can the fed keep increasing interest rates in the stagflation scenario (with recession/depression) without collapsing the economy further? Surely, the recession/depression will take care of high inflation overtime...

[@The_Angry_BeEconomist]

inflation is a tax, so taxpayers will pay

[@BIgBass255]

Keep raising the interest rates, it's the only way out. Stop borrowing money for things you don't need.FFS stop printing money.

[@rufuscollis303]

Devalue the fricking dollar??? Wtf?? How they gonna do that?

[@urimtefiki226]

How can you increase your savings when you barely survive? I am living on the edge day by day survival since Apr. 2020 ...

[@mikeb5372]

Look for ways to cut your spending

[@aheroictaxidriver3180]

Peter is the only one predicting recession with inflation. The majority of people in government believe it is impossible because recession and inflation are opposites. They aren't. There CAN be forces that promote inflation during a recession.

[@fernmoss-456]

Agreed!

[@WilliamBang]

Agreed, everyone else is expecting Deflation to happen.

[@aheroictaxidriver3180]

@@WilliamBang If there is deflation, then the treasury securities become more valuable, because future dollars become worth more. So it might be a way to maintain the reserve currency status of the dollar. However, given the strength of the stock markets, it's unlikely that "everyone else" is expecting it.

[@aheroictaxidriver3180]

@@WilliamBang In addition, deflation will be difficult for the Fed to accomplish, plus it would wipe out large swaths of the US economy, imposing political consequences.

[@aheroictaxidriver3180]

@@WilliamBang I think it's more likely that everyone expects the Fed to support the stock markets.

[@shawnsevering1480]

F J B

[@gordonzhou1402]

peter is right about everything except things about China. Have you seen how much US dollars left China every year and being transfer secretly to world wise by these corrupted Chinese government officers and wealthy Chinese business men. You live in the democratic country. You can not imagine what have been happening in a dictatorship country. Ray Dalio held the same opinion with you about China until last year when he changed his mind (even though he did admit it). Do you know that half of Chinese people are living with under 150 USD a month today. Less than 5% people lives with 1000 USD per month. There are no purchasing power inside the country. If the democratic world stop buying things from China by sanction, most people will loss their job and starve. Today, the dictator Xi is leading the country entering the WW3. or bring the country into the economy disaster whichever may end up. Let's wait and see.

[@stephanied143]

What's the arm band about around her wrist

[@anuaribrahim3672]

you are right, Americans have been living on the expenses of the world