🔴 Bye-Bye, What Americans Buy - Ep 995

[@peterschiff]

I kept saying that Thanksgiving was the 4th Friday of Nov. when I meant to say the Thursday. I was just mixing up Thanksgiving with Black Friday.

[@gamingbeast1086]

Bitcoin > Gold 😊

[@charlesbaha5298]

What will happen will we see a market downturn or a market melt up notionally due to inflation

[@antikytheramechanism7909]

You are pronouncing jewelry wrong. You are saying jew-larry like a jewish guy named Larry. That is wrong. It is pronounced jew-ELRY.

[@stlouisix3]

Would you be willing to debate Bryan Caplan on immigration, Peter Schiff?

[@stlouisix3]

@@gamingbeast1086 God created Gold, and Gold has been round for about 7 millennia, and we've been using gold as our currency since Genesis because gold is solid, sound money.

[@holdenc3082]

I voted for Trump three times, but unlike a lot of people I’m not stupid enough to believe he can do all the things he claims. I voted for him because he was clearly the best option we had. There are going to be a lot of disappointed voters that realize not much changed four years from now and we are even further in debt and they were sold a bunch of BS.

[@nicholasblakiston6297]

I voted for Chase Oliver because I don't believe in top down central planning, regardless of the planner.

[@db-jk8dl]

Voting doesn't matter. The president is a ceremonial figurehead and doesn't make any important decisions.

[@nicholasblakiston6297]

@@db-jk8dl I'm not sure where you get your information but through being commander in chief, appointing the heads of various agencies, executive orders and veto power, the president does have a certain amount of power, although it's fair to say they mostly use that power to appease the corporate interests that install them.

[@dougkuykendall1547]

The same goes for me. Once again the lesser of two evils. Two books everyone should read: "The Creature From Jekyll Island" and "The Wizard of Oz". Dorothy's shoes were silver. The Constitution stated MONEY SHALL BE GOLD AND SILVER. Much more in this book really told.

[@GlasbanGorm]

@@nicholasblakiston6297 The house and the senate decide where money goes, and the international monetary fund decides what the fed is going to do with it.

[@BanksOwnUs]

It would have been easier to name what the US does export. Would be a real short list US exports: - Financial crises - War

[@anthonynorris1016]

😂

[@guydaley]

Our number one export is DEBT.

[@telmorodrigues1093]

Dollars

[@scottsmith5426]

Don’t forget inflation

[@Topher_Knows]

Soy, Weapons, Missiles, Potatoes, Corn, Natural Gas, our actual physical trash, low quality movies, and the indestructible tools and machines made in the USA between the 1940s and 1960s. It's a short list indeed.

[@EsyuDach]

kids are happy to play with a stick, some string, and a cardboard box, if their dad will play with them, they are ECSTATIC.

[@36handy]

Sure. Even in the 60s my dad was working all the time. Later he didn’t miss a ballgame. No different from today.

[@fjohnson9749]

@@36handy many differences between then and now, and most have not helped the working person.

[@williamgomez5876]

nah kids love tablets

[@TheHungryHobo]

WERE happy to play with a stick, now tablets, cellphones and internet connection is required to keep a child alive.

[@SimulationWinks]

@@36handyI’m that dad but I make the kids watch the game with me. Playtime is what commercials are for. And there’s more commercials than actual game time.

[@mayor-o1w]

I appreciate that you suggested Sarah Jennine Davis in one of your videos. She was contacted, and working with her on investments has been fantastic.

[@anilhettiarachci8467]

Wow, congratulations on your impressive :nvestment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making :nvestment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of :nvesting? Thanks for sharing your story!

[@FreyaFreya3]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

[@mayor-o1w]

@@FreyaFreya3 Sarah Jennine Davis is highly recommended You most likely should get her basic info when you search her on your browser.

[@วิทยาคงกะพันธ์]

​@@mayor-o1wHow do I access her ? I really need this

[@amaeryamidus]

+156

[@VoteIndependent]

Maybe we "make" 40-50% of our appliances, but do we make the components that go into those appliances? The answer is "No" as we import almost 100% of those. So much for "making" them!

[@davidwhite5386]

The military gives the dollar its value

[@NotAnonymousNo80014]

Top exports: conflicts and weapons to wage them.

[@lawrencethompson127]

I agree. Peter seems to miss this point. Originally when we went off of the gold standard Nixon was able to put us on the petro standard. I understand that he made a deal with Saudi Arabia that if they sold their oil only in American dollars we would protect them from hostile neighbors with our superior military strength. Soon other OPEC nations made the same deal and the petro-dollar was born. We were obligated to protect Kuwait when Iraq invaded.

[@davidwhite5386]

@lawrencethompson127 well said! The CIA has infiltrated so many powerful groups and governments and thats only to setup for the military. Literally the world is at the hands of the US miltary industrial complex. And on top of that the technology the US military has at its disposal is unimaginable. Killer nano bots and weather altering domino effect weapons that can destroy all life on earth in a day. Anyone who thinks the US will be forced into paying off its debt doesnt realize the consequences. The US is the bully on the playground. Technology wins wars now. Not warrior spirit or strength...

[@bkodase123]

Military gives u no edge against nuclear powers like those in BRICS

[@glkok6927]

America will be great agin if all Americans think like Peter..

[@jeffreygoss8109]

You mean leaves the states? 😂

[@adamsChannel98]

I'm 47 years old. I live in Northern Ireland. The only product I have ever seen over here that was made in USA was Magic Tree car air fresheners. That was 20 years ago. Past 15 years though the packaging says "Made In China".

[@DanR-kc1yt]

Yeah very little consumer grade stuff is actually made here now. It's pretty much all military or medical. We still export a fair amount of jet engines. I'm sure air lingus airlines has a couple airbuses with Pratt & Whitney's in them.

[@adamsChannel98]

@DanR-kc1yt Very true Dan..I remember in the 90s a lot especially Bicycles were all made in Taiwan. I guess around the year 2000 is when it all changed. China was allowed to join the WTO. I never see "Made In Taiwan" anymore.

[@a.r.gentum6517]

Sinn Féin.

[@adamsChannel98]

@@a.r.gentum6517 Sinn Fein are scum

[@krsnaabi9840]

Peter is the KING of sound economics...Peter is 24 karat Gold... scarce, shining, and a store of value for life..

[@DANVIIL]

If you don't mind being a wage slave, Schff is your man.

[@TestChannelWow-bh7ys]

if you followed peter’s advice the last 10 years you would have missed out on 10x in the market. schiff is a loser

[@ageless-coach]

He is the King of selling Gold to you but that’s about it!

[@jonathankay9957]

"They don't want freedom. They want free stuff." Could not have said it any better unfortunately.👏👏👏👏👏

[@jaredroussel]

You make a lot of sense to me, Peter. You have a great mind.

[@michelletinalouie]

Peter, you should be a comedian haha. You actually have really great delivery, it's pretty funny stuff.

[@ewtwetrwerwteet]

He's tried that too, go look it up . Peter Schiff standup or something

[@DBEdwards]

Peter has wisdom in finance. NOT IN POLITICS.

[@MM12684]

He’s a stand up economist

[@bellakrinkle9381]

@@MM12684

[@Matakui2011]

If the Pandemic didn't scare the poop out of you, I don't know what will. Medicine, medical supplies, and many many goods we need un our daily lives are being made outside of the United states. What happens if something on the level of the pandemic or bigger happens and we can't get tbose goods? We need to bring back manufacturing back ASAP.

[@fjohnson9749]

Problem is the EPA drove manufacturing out of the USA. How can it come back?

[@Matakui2011]

@fjohnson9749 oh my good sir, there are many many ways but I assure you whatever it is, it is a matter of national security we bring these businesses to the united states, ASAP!

[@MM12684]

The pandemic did not scare me one bit. You ppl must be really weak and fragile

[@jeffreygoss8109]

@@fjohnson9749the epa didnt create offshoring. Profits did.

[@e8iMm7KE999]

@@Matakui2011 That's the problem. The oligarchs want the destruction of the USA. Why didn't the CIA, FBI, NSA ...etc complain about joe biden opening the southern border and letting in unvetted illegal immigrates. A weak country is a country easily controlled.

[@Greg-n5r8o]

This is why I want to do is divest my 70k portfolio to include digital currencies with potential for high growth and profit. I've read that is how people are making a lot of profit in the market now. Can you make a video on that?

[@Resmith18S]

That's a good way to go. I had some difficulties two years ago when I wanted to invest some money in the digital cryptocurrencies, but I started with a CFP and investment just feels really easy since then and I've also made a lot of profit.

[@LeepinLeopard]

I agree. I also work with a CFP who has a good understanding of both the digital market and stock market. These days experts who have an all-round understanding are in short supply. This last quarter alone I've already made more than 150k in net profit.

[@EarlDavidson-c7q]

This sounds incredible. Could you recommend who you work with so I can check them out?

[@LeepinLeopard]

My CFA is ’Sophia Irene Powell’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@a.r.gentum6517]

$70K, you should take a bow. I have owned gold since 1998. Gold might be boring, but don't tell the BRICS nations. Gold vs paper. as in rock paper scissors. BTC is the same as paper. Don't jerk off to your paper gains... take some money off the table. Like my late grandfather always lectured me.... one in the hand is worth two in the bush.

[@stlouisix3]

I respect that Peter Schiff always keeps it real on economic matters, even though people Maga Qanonists dislike hearing the facts Peter Schiff states.

[@stlouisix3]

God created Gold, and Gold has been round for about 7 millennia, and we've been using gold as our currency since Genesis because gold is solid, sound money.

[@VotePaineJefferson]

@@stlouisix3 God created man, man created Bitcoin, therefore God created Bitcoin.

[@CollectorChronicles]

Nice avatar 🙏📿

[@Pangora2]

Libertarians openly announcing they want to go back to losing.

[@yinsound]

I have to disagree about importing limitless labor. The first reason is not economic. Cultural cohesion with affinity for freedom is the ultimate economic infrastructure. Not all groups of people are open to the concept of free markets and, yes, that is correlated with genetics. Inter-ethnic conflict is the norm and always will be. We don't need more conflict. It is rather obvious that certain populations/cultures are literally incapable of fostering an advanced economy. The second reason is supply and demand. Importing labor necessarily lowers wages. The Middle Ages saw the most rapid advancement of technology in the history of the planet and formed the basis of modernity. It was not a coincidence that the massive population decline from the plagues lowered land prices, increased wages, and allowed rapid social mobility. We need less population density and higher average talent (as in the Middle Ages) - not the converse. By your assumptions, India should be the most advanced nation because they have the most people. Silly.

[@chaunceyhart1346]

Great comment. He’s great on economics, but not culturally conservative at all.

[@damianmousley2098]

Social cohesion is important. In Lisbon, just witnessed a gang fight in the street. They were not Portuguese nationals…rather immigrants… Peter just wants cheap labour to polish his silverware in his houses and be his golf caddy….

[@Extrabigass]

Rome was destroyed the same way. Peter is good but unfortunately the browning of America isn't a concern to him or Ben socialism is good for Israel Shapiro.😅

[@paultyler7535]

Schiff: We shouldn’t be encouraging cyber Monday Also Schiff: Take advantage of my cyber Monday deals! 😂😂😂😂😂😂

[@lennyshirty]

you're not really buying anything tho, just exchanging currency for metals derp

[@markymarkjapan]

He's a fraud.

[@paultyler7535]

@@lennyshirty How do you run a cyber Monday sale if your not selling anything 🤔

[@nasdaqtrader1]

He's selling precious metals... Real money. Nothing wrong with putting that on sale!

[@paultyler7535]

@ He should be consistent if Americans don’t have money to splurge on Black Friday then surely they don’t have money to speculate on metals

[@johndoe1.196]

Tariffs are one more tax to bear for the private sector. If taxes are not significantly reduced or better, abolished, there's going to be a bad recession.

[@WW_SHTFF_WW]

Don't have 10 years to retool. Every 2 and 4 years the country changes course.

[@kurgin]

it’s insane that we can get a 65 inch flat screen tv for $400 unbelievable

[@jeffreygoss8109]

I know, I remember when they were $4000

[@joeiezzi2368]

And it wont last 2yrs. Rubbish in, rubbish out

[@azeemali7102]

Precisely without a stampede of years past with more technology if seen 4 brands them for as low as $350

[@Ecko-i8b]

thats expensive, I can get it for 149

[@Nowhere-from]

​@@joeiezzi2368 You can make your TV last years by never keeping it almost permanently turned on, as most people and businesses do. Also use a electric regulator to protect it from jumps in the electric current. Besides, they are fragile indeed, but it cannot be helped. We like TVs huge and razor thin, and they must be done with glass. Being fragile comes with the territory.

[@EsyuDach]

i dont remember a single toy that i ever got. I DO remember the few times my dad played with us.

[@ronfesta771]

Me thinketh yep some things are great for kids however other items are., necessary for.......adults. P.S. Hard to replace.......medicine!@?🤪

[@MrMustangMan]

my parents divorced when i was 5 but i remember the 6 million dollar man action figure from the 70's..... 🤣

[@andrewjames7717]

Best comment section on youtube. That is what make Peter so good.

[@bellakrinkle9381]

much of the time, not always.

[@gvandergriff7084]

There was a time we had things AND we produced things. “Imagine!”

[@mattg5978]

He’s totally wrong about the illegal migrants. Try working in a hospital anywhere in the southwest and try saying these people are not overwhelmingly the system. It’s not personal, it’s just that the numbers are so large! Case in point, China sent roughly 87,000 undergrads to the United States in 2024. Contrast this with 1.4 million people entering the country through the southern border. Contrast this with the low number of jobs even being created(12,000 total last month). How on Earth is this sustainable?!?

[@johnnyb3126]

I did some black Friday shopping but not for worthless bullshit but for silver 🥈

[@geraldhowse8597]

Me too.

[@WW_SHTFF_WW]

Happiness is an inside job. You can't buy it. Most people try to satisfy inner fulfillment by buying outer possessions. It doesn't work that way. All it is, is a distraction to your inner pain. Someone with real inner self-worth has it even if broke and stripped naked...and they don't need a zillion tats and a nose ring that makes them look like a barnyard animal to be whole. One definition or formula for happiness is: 1) Something to do. 2) Something to look forward to. 3) Someone to love. 4) Someone to love you. If you are a simpleton and don't require much, you can be happy with just looking towards the arrival of each season to fulfill "something to look forward to." You may look forward to a bike ride or a walk. Others may require more. We are all different in our requirements. But that's not the point. If you have no purpose to live and hate life, then not much for you to live for. Just don't get caught in escapism of always being occupied with the future. You can look forward to something, but still be mindful of the present...and enjoy life today, this very minute. I'm an archivist, among other things. I don't do it for $$...I do it for love. I work in a stupendous number of interesting areas. I got enough work for maybe 10 lifetimes. Every day I get up, I can't wait to dig into work. My biggest fear or worry is I will die and can't get more of my work done.

[@ashtonarmstrong3082]

Black Friday sales are $229 before and $228.99 on sale. Black Friday sales are done going forward. Maybe after the crash they will give actual deals.

[@DBEdwards]

I don't spend any money black Friday. I bought a twenty pound turkey, baked it, and am living off it for a week. Enjoy!!!

[@geraldhowse8597]

I paid 50 bucks for a 10 lb turkey.

[@joeiezzi2368]

Dont forget the cranberry sauce and swiss cheese. 😊😊

[@DorisTan-s6h]

Thank you for this very informative video. I know that most people in America rely on banks and expect honesty and fidelity. However, history has shown us that this is a false assumption. Crypto, with their inherent volatility, present a unique opportunity for substantial returns. They're not just digital assets anymore; they're reshaping the financial landscape, Those who are neglecting crypto investment will be dependent on those controlling CBDC's during the upcoming depression while we will be in a position of financial freedom. I must say trading offers more benefits than just holding and i have made over 27btc from day trading with Alison Bruce insights and signals in less than 3 weeks so glad I started her program.

[@Karen-d1g9d]

Got a chance to benefit from her services a few weeks ago and it has been a very smooth experience.

[@rebekakinnin8903]

I’ve seen many positive comments about Alison Bruce. Can someone guide me on how to reach her?

[@OrestesFullmer]

In times like this you need a good expert like Mrs Bruce to help you get through.

[@Carroll-k8i]

The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways

[@Henrymartin-f8q]

It’s reassuring to know that she genuinely looks out for her clients. I’ve personally been trading with her guidance and have seen secure profits with over 100% returns on my investments.

[@Harmonic_shift]

Crazy that we sent all our industry away! Who made those decisions! Quite a threat to national security! I wonder who we are to blame? We can take care by of that and then we can rebuild our industry that those people purposefully and maliciously sent overseas.

[@lcb4278]

Uh the Corporations did, good luck regulating them

[@Harmonic_shift]

@@lcb4278 Who runs those corporations and what is their etho-religious affiliation?

[@lcb4278]

@@Harmonic_shift I see your point

[@Harmonic_shift]

@@lcb4278 Very easy to regulate and make any and all kosher goods illegal while holding those who committed crimes accountable for their malicious and traitorous behavior. I don't see why others are so afraid of doing so. it's not like it will get any better if nothing is done.

[@RobertLamoa]

It's the politicians that have been created all to these taxes and regulations

[@thomashume6497]

Fantastic episode Peter! Nothing like a great South African Kruggerand.

[@nicholasblakiston6297]

They are some of the most easily recognized and salable coins with some of the lowest premiums. I highly recommend.

[@TheHolySC]

8:50 People are idiots for spending on black Friday/cyber monday 9:05, Oh by the way, we are having a cyber monday sale.

[@TheStreamingGuide]

I was thinking that lol. gold is probably better than most cyber sales though

[@bhough410]

You aren't able to discern the difference between buying crap you and your family don't need and investing in gold?

[@hyalur9189]

Well... The presumptions are that the prospective buyer in the audience is someone who has the $$$ to pay for it and not run up debt on Credit Card and the "Spending" is not for consumption but to preserve purchasing power of their existing savings.

[@magz875]

Are you spending on gold or converting wealth to store value?

[@Lexman00]

You're a retard for not understanding.

[@brianwhalen1845]

The problem with the fishing industry that you failed to mention is that the regulations which the United States has compared to countries like Russia and Japan make the industry suffer itself. The fish are there but the means to catch them legally is harder

[@notice9218]

That's true of basically every industry he mentioned.

[@fjohnson9749]

Very true, the USA regulates business out of the country.

[@CK-ie4hp]

Trump is a WWE actor

[@ultramagalatino]

All of congress is wwe

[@bhough410]

@@ultramagalatino *except Thomas Massie

[@DANVIIL]

Trump is owned by Israel and took a $100 million bribe from Israeli woman, Miriam Adelson. F Israel!

[@jhgolf25]

Before or after becoming a billionaire?

[@billpulido]

So is Peter! There's more than a 100 shoes stores made in America. New Balance and Red wing boots are just a couple. Hundreds of clothing lines made in the US. Tv's, etc. We even have cell phones made here. And with Telsa's News cell phone, say goodbye to iphones!

[@MediaCreators]

Thanks, Peter! It’s so good to know that I’m not the only sane person left in the Western world.

[@gromicko1]

Ssssshhhh. Don't tell the rest of the world. Let them keep trading their hard goods for our little pieces of paper with faces on them.

[@elw6150]

Then why the F do you have to shell out the very cash you slam, for a worthless peice of metal that has a capital B on it? Trading dollars for fake coins. We're not having it!

[@gregabrams5792]

Trump is going to make the swamp so deep and so wide, this topic will not even be brought up ever again 😂

[@davidburke1261]

America can make all that stuff. It would create huge employment. But prices would double.

[@jimmyboyles2868]

USA did it before. Russia is doing it now. Sanctions forced them to make everything. I watched a stream taking down BMW, VW etc. signs down from dealerships and replacing them with Lada and Moskvitch. Renault just left their factories to the Russians for free. US has become an embarassment. Russia even has high speed Bullet trains, no litter, no bums, no grafitti, on and on. USA used to have Patriotism and be proud of the Flag. SMGDH

[@grQTbVMrZ]

Do Americans want to pay American wages for American products? Lolololol

[@vishniak1]

That would not be such a bad thing , less consumption would mean less junk ending up in landfills.

[@phil488pista9]

Double 🤣 how cute

[@Olympiamaniac]

Exactly, the prices would be more than double, westerners love to virtue signal but everything we consume is built on slave labour and exploitation. From your coffee to your phone to your chair. Everything built off exploitation. We can’t even afford the imported slave labour products anymore, the economy is truly in a huge bubble. To bring that in house will skyrocket prices and supply levels would reduce because culturally we can’t compete with production levels or cost

[@brotherlance2781]

Brother Peter is a wise and GOOD man -

[@cruzn4ever169]

it will take the us 20-25 years to build up manufacturing to build in the usa - we are screwed 41:00

[@seesidesummerhouse6112]

Thats also assuming that millions on the sidelines and/or millions with overly cushy, unnecessary or bureaucratic jobs will need to put on work boots and get at it. We are culturally so far from that it’s not even funny.

[@Ralfschultz-n3y]

*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*

[@Artemio-derose]

You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

[@Attillo-e1p]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable

[@Freeh-l6u]

You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.

[@myuyachenevert]

Waking up every 14th of each month to $21,000 it’s a blessing to I and my family… Big gratitude to Josh Olfert🙌

[@minhthuynguyenthi7768]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@ewtwetrwerwteet]

For anybody who actually keeps tabs on prices of the things they wanted for weeks and months ahead of a purchase, they'll know damn well that a lot of these prices went UP on Black Friday. 🤣

[@grQTbVMrZ]

CLASSIC PRICE GOUGING. That's why you do PRE-BLACK Friday shopping if you are smart :)

[@hsingholee1058]

Perfect recipe for stagflation. Hold tight!

[@nicholasblakiston6297]

The food riots will be something to behold. Regular rioters go home once the protest ends but food protests don't end until people eat, and the government will become unable to feed them.

[@kmantzoukas]

I Iearned so much in this podcast. Love him or hate him Peter Schiff always backs up his claims and he will always have my respect for that.

[@joseph8275]

I’m not so sure importing infinite migrants into the country will help the US citizens who in your own words are working 2-3 jobs to pay their bills

[@nicholasblakiston6297]

Plenty of labor, but limited opportunities to employ it. Then the statists want to whine about them turning to crime. Apparently considering free markets would be even worse.

[@MysticRuler-n4j]

@@joseph8275 I'm sure it wont.

[@dissolvedc6034]

You are so right. I am surprised Wall Street is ignoring this.

[@matthewlapish1107]

Used to be… it only took a dollar to make you holler. Now with inflation , i wonder what the same holler now costs.

[@danielz56037]

Maybe 100 yuan?

[@thomasprince7487]

Peter , Thanks for your professionalism and honesty

[@peterponcedeleon3368]

Peter is taking the Trumpsters to school.

[@MysticRuler-n4j]

We already know what he's saying. We are with Trump ...because he kept us out of war. ...because he wont allow an open border for criminals, gangs, and terrorists to freely cross. ...because he wants to end all of this woke DEI dogshit. And thats just for starters. Our country couldnt have survived 4 years with that vapid moron Harris at the helm. So, you'd better thank God that millions more patriots voted for him to lead our country.

[@billpulido]

No he's not!. We already have over 100 shoe stores made in America. New Balance, Red Wing. Even the limited edition Nikes shoes are made in the US. Clothes stores, over 200. We have some TV' s made in the US. VISIO is not a bad TV. With elon Musks tesla cell phone, those little kid I phones will be forgotten!

[@peterponcedeleon3368]

@@billpulido Here is another lesson about suppy and demand. Yes, America does supply (manufacture) shoes. However, is it enough to meet the demand? The answer is NO. Whitch is why the US must import over 50% of those goods to meet the demand. BTW, the demand for New Balanceand Red Wings (Red Wings used to manufacture most of it's shoes here in American, but now that is done primarly overseas) is far lower than Nike, Reeebok or another popular brand. Please learn more about the relationship between suppy and demand, you'll live a better life.

[@billpulido]

@peterponcedeleon3368 wants and needs. If you want it that bad, then pay for it. You obviously can afford it! If it's a need, then obviously more will be manufactured here, and more jobs will open up here. Simple logic

[@peterponcedeleon3368]

@ With that logic, every person and every country would be without. You are missing a few very important things. Like land, labor and capital. I do wish it was as easy as you claim though.

[@GrantDWilliams82]

I saw a video recently about military service dogs. The “vast majority” of German Shepherds, Bloodhounds, etc that are used to guard bases and sniff out bombs are bred in Europe. We can’t even breed our own dogs for our military!

[@markymarkjapan]

Peter Schiff has a net worth of $70 million. And ity sure as hell didn't come from investing in gold.

[@rureadyboots]

Of course. He runs successful businesses.

[@huna1950]

Yes but they all selling gold nugget lol

[@DANVIIL]

Gold has beaten the S&P 500 since 2000. The US Dollar has lost 83% of its purchasing power since 2000. If you use the dollar as your yardstick, everything is distorted and you can't account for dollar debasement. I've made over 30% ytd on gold and I have no worries about banking collapse or market implosion. Good luck!

[@Lungsta_da_lgm]

This man is such a great thinker

[@briannewman6216]

GDP measures consumption. The fact that GDP is used as measure of the economy's health is not a random choice. One of the consequences of using GDP as a measure of economic performance is that the government can goose the GDP value in the short term by increasing spending.

[@nicholasblakiston6297]

I agree it is a complete joke of an indicator

[@phil488pista9]

40% of the US Gdp is from government spending 🤣 so there's that.

[@RexRogers_]

We don’t produce anything because companies would make no profits whatsoever. It’s wild

[@fabuloushostess6171]

We manufacture curtains in the US. About 800 - 900 bucks on average per each window. The moment Trump won we got booked solid for the next 3 months. So yeah, the rich already know what you're talking about.

[@reiner164]

I’m getting some of those South African “cougar Rands” Peter is selling 😂😂

[@giafach]

I have to comment on what Peter is saying about the imports dynamic. Albeit he is correct about the data on who produces these products that we consume. But i must say that we most certainly can produce much more of these products he’s referring to. It’s a matter of changing the system by which goods are produced where and how. So in other words, if Trump were to increase the tariffs substantially the balance of these products being produced overseas would begin to tip the other way. Momentarily goods would become scarce and expensive but slowly eventually it would be feasible for companies to produce them here again. Just as it took years to send and outsource all of our manufacturing elsewhere deliberately btw, it would take yrs but come back to us.

[@markymarkjapan]

Schiff is a stupid man.

[@peterponcedeleon3368]

The challenge with your belief is that you are assuming manufacturing will come back to America to the extent that we need it. Have you contemplated that it is very possible that manufacturing does not come back to America? Because that is a real possibility. Let’s assume that we lost all of our imports due to these massive tariffs. America’s standard of living would immediately plummet. It might plummet so deep that we as a nation simply cannot dig ourselves out of that hole, for the simple fact our nation is dead broke. you have a lot to learn about economics. Most of the cult of Trump are clouded with ego and pride. If Trump does go through with this, he will have the same exit as Mussolini did.

[@nragtime4990]

Try decades

[@giafach]

@@peterponcedeleon3368 I agree with you that the US economy would suffer but it’s hard to say exactly. Let’s say we experience a deflationary depression for about a year and wages decrease significantly. US labor costs become competitive again. For the same reasons all the products Peter mentioned began to leave the US and be made overseas was purely for labor cost savings. If we as a culture return to higher quality over inexpensive products this would reverse this trade imbalance as well.

[@Pangora2]

The thing the tariffs fear mongers also miss is that they haven't even started. It's a negotiation tactic, because remember these other countries tariffs our goods. People make it seem like the world is all free trade.

[@Lobov3483]

Dear Mr Schiff i really like what you said about hard working people that want to immigrate to the US from other countries it is very good for the economy. But it is too bad the immigration office take a long time to give us a visa and maybe not. I am hard working optician that works 10 hours a day, 6 days a week and still waiting for my immigration visa 11 years. Thank for all the advices

[@farmerdude3578]

What about Vaseline ? Sounds like we are going to need it.

[@LeoNidas-301]

😂

[@seanzibonanzi64]

America won't reindustrialize because labor is still cheaper elsewhere but all the goods will get vastly more expensive. America about to be the first trade empire in history to voluntarily cut itself off because it thinks it'll somehow get a better deal. 🤣

[@mohammedjeffali1076]

I think the idea is that we will be so poor and desperate that we will work for pennies. Really honestly, I think they want us to sell our assets and move away. Then they will bring in forign labor, and whoever is left that do not have assets, it will be hunger games for them. In fact peter shift, just basicly said that.

[@AlmaMercer]

And meanwhile the debt triples and triples and nobody's buying

[@omrit2]

Wrong. The whole world is buying out debt, esp. Asia. Just look at long term rates, still around 4-4.5%.

[@allstarlord]

@@omrit2wrong, nominal rates are 4-5 but REAL rates are negative, every day more and more buyers of our longer term debt are realizing this fact

[@AlmaMercer]

@omrit2 and a lot of countries are already catching these in as well that rate can't stay there forever

[@missyk1477]

It is not that these products are hard to make here in the US. It is that it costs soooooo much more to make those items here in America.

[@darwel007]

Trump is a total nutcase.

[@Phyz_Stacker]

Peter Schiff was right !

[@HomeEngineer-wm5fg]

@23:09 My shoes are made in USA. Bought SAS shoes, spent 360 on two pairs. They are the best I ever owned!

[@hsingholee1058]

Agree, however not every family can afford to pay $200 for a pair of shoes, especially with growing kids.

[@jayha7071]

What are SAS shoes

[@ToddTinley]

​@@jayha7071Texas shoes

[@kurgin]

lol

[@Olympiamaniac]

We can’t compete with Chinese, they are more skilled, work harder, faster and for cheaper. This is generational cultural differences that aren’t going to change anytime soon. I’d rather buy shoes from someone making 1000s of pairs every day than someone who makes 1 pair per day

[@MatthewJefferis808]

We have been dupped for a long time. Thanks Peter!

[@Anthony23041953]

China will set up production in USA, avoiding tarifs

[@rdrive2000]

They don't need the American customer. They got a 1 billion Chinese people to sell to.

[@alexmaiselamoselakgomo6073]

Yes. If there are incentives. And they'll probably hire the locals.

[@nicholasblakiston6297]

It's too expensive to produce in America. Margins are thin in the global economy and only fools own American businesses. We would need free markets if we wanted to compete, something both blue and red team seem religiously opposed to.

[@MrAnderson3]

Love how Peter went from telling the origin of Black Friday so cheerfully to talking about how stuffed Amercia is 😂😂 love his introduction on things that lead to doom and gloom Keep up the good work Peter

[@nicholasblakiston6297]

Yah I'm sure things won't end badly with a Federal debt that can never be repaid

[@Robyn-Hood]

Peter great show 🎉🎉🎉🎉

[@coperezroman]

THE GOAT IS BACK!

[@johnhorst6346]

Peter you didn’t let Lauren shop Black Friday in St Barts 😢awe she is a rockstar I thought she should have a laughing cats 🐱 diamond encrusted necklace.👩‍❤️‍💋‍👩

[@rondent6875]

Can you imagine how much more we will have to pay for the items we consume after the costs of American labor?

[@Thaddeus-z4z]

Then it's time for this consumerist culture to come to an end, end of our garages and landfills overflowing with plastic garbage.

[@fjohnson9749]

Would you rather help your neighbor or someone in another country you do not know?

[@MarqGeorge]

My dad was a union man and every year he was going further in the whole with his wage/benefit increases. When Henry Ford paid his workers in the 1920's that wage, compared to todays wages, would be $120,000+ with zero income taxes, zero welfare taxes, zero social security taxes, zero medicare/medicaid taxes, and zero union dues. That $120,000+ was free and clear. Which do you prefer?

[@Pangora2]

Enough to pay an American to live. It's obvious. Stop relying on slaves.

[@MM12684]

That’s right. You’re going to have to stop supporting China. Boo hoo

[@iankingston480]

You agree that we need to produce more the hard part is reducing prices for US goods.

[@matthewlapish1107]

Sitoshi = cia or something like it.

[@LeoNidas-301]

100% correct. 1990s crypto communications. 2000s NSA crypto financials. 2009 release BTC. Satoshi = Greenspan and Minuchin.

[@mohammedjeffali1076]

There are people that buy consumable goods like body wash, shampoo, conditioner, razors and shaving cream in the gift sets because its a lower price for black friday, and the day after Christmas, but now they cant be found that day. They buy it as their goods for the whole year. This is what has been going on for years, and this is what helps people afford these things. This has been going on for years, and its not good, ppl just think its normal. Trust me, people did not used to be so worried about affording simple things like soap. Children in schools did not get yelled out for wasting something as insignificant as paper. Basic, Basic things are a fortune now. People are in denial that this is due to population overshoot.

[@GoldAndSilver988]

NO COFFEE???!!!! Say it ain't so!!

[@darrenwong2416]

Hawaii

[@nicholasblakiston6297]

No coffee, no medications and no food once this economy collapses. Stay strapped.

[@johnhorst6346]

Arkansas sharpening stones are the best natural ones for the world 🌎,Hollywood and the Jewish entertainment industry is the absolute best in the world.Some of the best American songbook was written by Jewish Americans don’t sell American short she still has the best and the worst in the wy❤

[@rsmith1168]

Peter, can you run through each of those percentages one more time?

[@nickbrian9882]

Peter for Trump’s economic advisor!!!!!!

[@OwtDaftUK]

Drastic rise in cost of these goods is going to create a huge economic incentive for America to produce these goods them self.

[@benalbon7574]

The US can't produce most of these goods themselves in an economically viable way. Would you pay $200 for a pair of jeans? I think not.

[@elw6150]

You are wrong that America can not make stuff we need! Shoes, guns, bullets, alcohol, vehicles, everything can be made right here! Tired of the massive cheap products getting shipped here filling the landfills sky high! Would gladly pay more for products that last!!!!

[@alfredohernandez358]

I'd pay more for a quality American made product.

[@extra-samsaric3836]

Really? With what factories? With what infrastructure? With what trained workforce?

[@phil488pista9]

Exactly, people can dream but only dream lol ​@@extra-samsaric3836

[@paulsedlak9300]

Peter I totally agree with you when you're talking about the emigrants. I came to USA legally from Czech Republic and I wanted to stay and legally work and travel,but US government doesn't have any normal legal way to let someone like me hard working and clean people to stay in. The only way I had to make my way to do what I wanted to do is to get merit to US citizen and going through hell for more than 15 years. We need to fix the stupid emigration laws not just say get everyone out who wants to work and support the community

[@michaelelliott289]

I see you Peter, and you know it, the U.S. needs to manufacture something that people want, and or need. ☮and 💙

[@brightmind5345]

thanks peter, you are genuine!

[@MH-53E]

Yes North Carolina would be the furniture capitol of the world, as it was for 70% of my life. I'm tired of Chinese Shit furniture...

[@konakaucoffee1496]

We grow coffee in Hawaii Peter!!! 100% Kona Coffee is literally among the best coffee in the world!!!!!! How do you not know that?!?!?!

[@domatthew1666]

How do I get some?

[@ednorton47]

When you buy "Kona" coffee at the supermarket, it is only 10% Kona and 90% Arabica.

[@konakaucoffee1496]

I am actually a Konacoffee farmer. Lots of corruption lack of brand protection at state level has lead to 10% still being able to use the brand kona. Almost all kona is arabica by the way the 90% is just usually crappy coffee from outside of Hawaii.

[@calvinsm]

Peter getting close to 1000 episodes

[@arsenalcanada]

9:28 “Cyber Monday is a farce, people should not even be spending money that day. Oh, that reminds me, Schiff gold is having a cyber Monday sale.” 😂

[@Video182]

peter you should make short clips of the "we cant make shoes.." parts

[@fjohnson9749]

I buy shoes made in Colorado.

[@lorenzogarcia9890]

Of course, you can, but because the capital expenditure for making shoes in America is very unaffordable, selling them at the price you would profit from is nearly impossible due to the majority struggling. You really can't make shoes.

[@matthewtcpa]

Peter Shiff to Join Elon Musk on DOGE!!!!!

[@dixiederivatives]

Peter, heard about the "nice bitcoin tie!" comment! Priceless, quick thinking, and great job!

[@IamJonny-o4v]

Trump's policies had been viewed by many experts as more positive for the financials sector, spurring this massive rally. It's enticing to consider purchasing some stocks, I'm contemplating investing more than $300k. Thoughts?

[@TinaJames222]

It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points

[@KarenLavia]

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in stocks, which is pretty simple. On my portfolio, which has grown over 90% in a little over a year, my advisor chooses entry and exit orders

[@BellamyGriffin19]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals

[@KarenLavia]

Sophia Maurine Lanting is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@ChristianKelv]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@artofhookie]

Hey Peter, my ukulele was made in America, Hawaii to be exact. $6300.00

[@Bob-kl3es]

I hate to tell you peter but most of us non jewish americans work hard for your printed dollars. We dont get to print them and we dont get raises every day like you.

[@benalbon7574]

He's not talking about individuals. In essence, printed dollars leave the ecosystem that is America, and good physical products come into America. That is the relationship he is describing.

[@Bob-kl3es]

@benalbon7574 That's true. Nonetheless none of those benefits of trade get passed down to the producers of real capital.

[@anthonynorris1016]

Regulations, taxes, and tarrifs...torture ourselves and expect the world to suffer...

[@jude999]

Tarriffs do not mean we cannot get products from overseas. This is ridiculous.

[@jeffreygoss8109]

True, it will just be more expensive, but still cheaper and better made than if Americans made it. Could you imagine the lazy employees at McDonald’s making something of value.

[@chesscube8671]

Peter was not insinuating that. He was bringing all those imported items up in response to Trumps tweet and the broader notion that americans are getting the bad end of the current global trade system.

[@Ecko-i8b]

@@jeffreygoss8109 mcdonals workers are hard working, the lazy are the ones sitting home doing nothing sleeping in their parents basement playing video games

[@thecomrade302]

I'm sure everyone can just spend more, 25% more, 100% more, it's totally fine and doable for average americans.

[@scottsmith5426]

This is Trump n Elon’s plan for manufacturing Elon used Biden bucks last 4 years to up his AI, next be trump bucks for the manufacturing so it’s more affordable than imports with the tariffs, I don’t believe no one talks about this it’s so obvious what they are doing

[@Dan-eu6fl]

No one said it would be easy, but we have to do it.

[@merrychase9744]

Peter, didn't trump already do the same policies in 2019, and prices went up, manufacturing didn't return. Why do people think doubling down on the same policies will bring manufacturing back?

[@Meton2526]

populist emotional appeals. The majority of voters have no real knowledge of economics.

[@xwmaxx05]

yes this, he's doing the same thing he did back then, not gonna make a difference, only bring more inflation

[@grQTbVMrZ]

They drank the Kool-aid!!!! Will never learn

[@jeffrummell2348]

Peter, check this out. While more than 99% of tissue products used by Americans are produced in the U.S., manufacturers rely heavily on eucalyptus pulp imported from Brazil. We can all most make Toilet Paper. More than 90% of toilet paper made in the United States

[@jesselivermore9285]

between the KZbin adds and Peters own ads there's an ad every 3 minutes. I need to stop listening to this shit.

[@simapark]

10 quid a month to avoid the KZbin adverts is the best value for money for me as I'm on KZbin about 3 hours a day

[@MM12684]

What’s your time worth? Just pay for the premium