Can China Save The World From A Crash?

@peterschiff discusses inflation of the U.S. dollar and world economics with @CyrusJanssen and @Reporterfy
Recorded 3/26/2023.
💬 Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit schiffradio.com/premium/ to become a member.
📈 Invest like me: schiffradio.com/invest
💯 RATE AND REVIEW on Facebook: / reviews
🔔 SIGN UP FOR MY FREE NEWSLETTER: www.europac.com/
⭐️ Schiff Gold News: www.schiffgold.com/news
📘 Book Store: schiffradio.com/books/
👉 Follow Peter Schiff on Twitter: / peterschiff
👉 Follow Peter Schiff on Instagram: / peterschiff
👉 Follow Peter Schiff on TikTok: / peterschiffofficial
👉 Follow Peter Schiff on Facebook: / peterschiff
#china #inflation #economy

[@parrish8386]

Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.

[@leojack9090]

All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.

[@TomD226]

Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Vola-tility goes both ways. The banks are in a big crisis. The mar-ket looks very shaky. The bigger the red candles, the bigger the green ones. I have made over 280k in the last 4 months by invest-ing through my FA

[@lowcostfresh2266]

@@TomD226 How can I reach this ad-viser of yours? because I'm seeking for a more effective inves-tment approach on my savings

[@TomD226]

@@lowcostfresh2266 I personally work with Laurel Dell Sroufe she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

[@rmoore26]

I hate seeing these sock puppet accounts pretending to reveal a great investor in the industry. I would never trust anyone that operates this way. Deception right from the start.@@TomD226

[@YT-ty1oy]

Peter Schiff is a legend.

[@tomdallas3690]

Yep, wrong every single time. Has never made a dollar for any client. Big losses for everyone. Why is there not a single person who has ever come forward with a story about being better off financially because of Peter Schiff. His clients get crushed. If a single one of them ever did well Peter would trot them out to tell their winning story. They all lose, bigly.

[@Tubernameu123]

He's old...... what is he 47 now 😮

[@MrXceller]

@@Tubernameu123 try 60

[@DBEdwards]

@@Tubernameu123 And you? A diminished dwarf

[@donaldavery4667]

@@tomdallas3690 He creates wealth. And you could too if you stopped slandering people and put your mind to it.

[@andreasleonard0]

Two years ago nobody could predict the dollar condition we're witnessing today. The u.s continue to double down on the same mistake that brought the dollar where it's. Therefore,no guarantee that the grass of the dollar would not be faster than it's envisaged

[@ardeand]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival

[@Isaacmeide]

@@ardeand I agree, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my manager comes in, to help me with entry and exit points , I've accrued over $550k from an initially stagnant reserve of $150K all within 14months

[@ellamezo]

@@Isaacmeide It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up

[@Isaacmeide]

@@ellamezo There are lots of them but almost everyone works with ISABEL LINDA DUERI this days, she's getting more recognized by day, she strategies has been the best this period

[@ellamezo]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.. This information is really helpful.

[@sheliaswelttk2535]

With this crash I'll say it wont be too easy to pick the right stock, Jim Roger said there are still huge opportunities despite the crash, and I overheard someone talk about making $250k from about $110k since the crash. How do I make these kind of returns Peter?

[@JennyLawHere]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@JoeyMcCam]

@@JennyLawHere Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.

[@sheliaswelttk2535]

@@JoeyMcCam Impressive! can you share more info?

[@JoeyMcCam]

@@sheliaswelttk2535 She is an Advisor I found through a Newsweek report; Juliet Eve Downey, you can google her for more info.

[@sheliaswelttk2535]

@@JoeyMcCam She appears to be well-educated and well-read. I ran a Google search for her name and came across her website. thank you for sharing.

[@alexyoung3126]

Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.

[@stephaniestella213]

Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.

[@chris-pj7rk]

A 2022 Northwestern Mutual study found that 75% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.

[@alexyoung3126]

@Zahair O'Brian Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.

[@reeceanderson5969]

​@@chris-pj7rk v6v gv5 by. V v6g vvvvvvv v vvvvvvv65vtv5 v6g5 v6g5 try'vvvv6vt5yg5 vtg 5vv6g6y5g5 5vv6g6y5g5 g6y5g5 v6 g 5 v6g5 v v5v6g5 bygone 565 v6g 5vvv 565 565 g v vvvvvv65vvv6v6v6v6g6 by thy v v v6v t5vvvvvvvvv6 v6 6g 5 v6g 5vv6v6g6y vvvv6v6v6v6g6g5 v6g 5v6v6vv v6 v ygv 5 yg5. 6vvv6vv v 565 v6 ygv v6gv 5v6v y6 yg5yg5 6g 5 6v 5 6g6 v6g v 6yg vvvv. Vvv6g 6yg vvv6 6vv vvv6vvv''v' vvvvvvvvv6vv6g 6yg gv5 vvv6v''vv6vvv6v6g6 6 6 vv6vt5v6vvv6yg 5vv6gv5 vvvvvvvv6g6 vvv6g65 v6g6 6yg vvvvv6g vv6g6 v v6 6yg g6 vvvvvv6vvv6g65yg 5vv6gv5 5vv6g6y5g5 565 565 565 6 vv65yg 5vv6v6vv6yg vvv6v6 6 y6 y6 vv6v6g6 yg5 6yg 6 vv6v6g5 y6vv6v6v6vv

[@antonferreira483]

​@@chris-pj7rk 😊

[@DBEdwards]

Peter is out there never like before. HE KNOWS we are in MELT DOWN CRISIS MODE NOW!

[@1solo2mercedes]

He has hollered at deaf ears since ‘09. People have finally woken up, and started asking questions! Peter is glad to reply!😂😂😂

[@squidster3128]

Yeah he's a good dude. Running around screaming like a mad man for our sakes. Thanks Peter, I have listened and have diversified to metals. Thanks again.

[@thedeerslayer3247]

Peter is a very smart man!!!

[@DBEdwards]

Eject Janet Yellen. Bring Peter in. But Peter would take a salary hit! hehehe

[@gregwang8628]

Peter, don’t ever care about those pathetic comments, we the real people are all with you one hundred percent! Thank you so much for your honest and precise insight provided for the real people! ❤

[@MySteamChannel]

This is why I have followed Peter for over 15 years.

[@roseroland1998]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[@Curbalnk]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@svengrot7943]

@@Curbalnk in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@glenbert1396]

@@svengrot7943 Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@louisairvin3052]

@@glenbert1396 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio, I am so done with banks!

[@glenbert1396]

@@louisairvin3052 The adviser I'm in touch with is KAITLIN ROSE STERNBERG she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. she provides entry and exit point for the securities I focus on.

[@Reporterfy]

My subscribers thank you Mr Schiff . Amazing interview, Thank you so much.

[@michaelalpine4198]

Peter is definitely on target and is a very smart guy.

[@deker0954]

He knows nothing. Or he is owned by China. That crap hole of a country is another debtor nation without any way out of it. China has been denied any more chip making machines by the one company that makes them. That company will also not be doing repairs to older machines. China has a bathtub fleet and a crybaby military. They have no chance against Japan in a war. Much less the US. China will not be taking by force that which they cannot pay for. Just like their pathetic alli Russia.

[@TheGoreforce]

the only reason why he's not More correct is that the rest of the world still values our currency. As in the other governments.

[@michaelhall7711]

​@@TheGoreforce the rest of the world does not does not value our currency anymore they are moving away from it you're not paying attention

[@davidlanham99]

The guy is sitting there going "I've got Peter Schiff! I've got Peter Schiff!" lol.

[@helios4u2]

I DON'T KNOW IF CHINA CAN SAVE THE WEST FROM A CRASH BUT I KNOW THAT CHINA MUST NOT DO IT. ON THE CONTRARY.

[@PaulMitchell-uj1uu]

I think that the USA has asked for China to buy US stocks but they have been turned down. It beggars belief, why would the USA even ask?

[@Steve-iu5hy]

Exactly, look what America is doing to China,after 2008 crisis

[@dtw8697]

Without America, China itself will be in a crash. We will see. China government only knows how to print money and bribe its comrades.

[@nickb3968]

Peter's comments about the de-industrialization of the US and the long term consequences of trying to re-institute industrialization in the US are spot on and if anything, he even perhaps underestimates how difficult it would be....I say this as someone in manufacturing here in the US. People don't understand the years of necessary accumulated knowledge and associated division of labor(supply chains), which has been significantly destroyed already in the US, that are required to "make stuff". I'm riding out what's left for the next decade....but I see myself "going Galt" eventually and leaving the US to live a relaxed life on the coast of a third world country after "cashing out". The long term prospects for the US after the dollar erosion picks up steam and re-industrialization becomes necessary are such that it will be decades of a low standard of living for the average US citizen while the US crawls out of it's unproductive/financialized economy for the reasons Peter highlights.

[@djmc8505]

I agree... Will end up decentralizing us again which isn't really a bad thing imo.

[@tallswede80]

the supply chains that remain are the ones that feed the military industrial complex, correct?

[@nickb3968]

@@tallswede80 There are some left outside of the "gov't teat", but not many. Overall, the industrial supply chains have been monkey hammered into varying forms of crisis and are a mere fraction of what existed 30 years ago....and even less so compared to 50 years ago. Peter has been great in calling this situation out, but I'm not sure that even he knows how bad it really is because he himself is not in manufacturing and the manufacturers left in the US themselves aren't going to volunteer that for "confidence"/reputation reasons.

[@tallswede80]

@@nickb3968 what do you mean they are monkey hammered? Is that taxes and regulation?

[@nickb3968]

@@tallswede80 I'm so glad you asked, because in my opinion this is where Peter could do a better job of explaining(if he has the time when interviewed). Yes, taxes and regs are one issue...but there are many more and some of the regs are difficult to "combat" because of the nature of our property rights system. So for example, a company polluting lakes/rivers in China doesn't face the same level of punishment(if at all) and also doesn't carry the extra cost of having to comply with pollution regs. Bad actors will always exist..but setting that dilemma aside, the REASON the Chinese, Japanese, etc. et all buy US Treasuries is so their currency remains low against the dollar. It's a form of mercantilism that favors exporting to the US that can be done over sustained periods of time because of the nature of the FIAT system. This is an important point, because it also destroys the finding of "comparative advantage" due to an "over-valued" dollar while also enabling China to make their own people work harder for less. The argument from the Mises/Rothbard wing(who I mostly agree with, except on this topic) was "So what? Let them give you stuff for cheap!" You can't be self sufficient industrially without a gold standard(or some other commodity standard) that keeps every country "in check" and currency honest so the actual "comparative advantage" can be understood. China has successfully waged an economic war on the US in that regard, "out printing" the US to keep exchange rates low over decades while the US industrial base gets slaughtered over those same decades. Did I make my point clearly? (I hope so)

[@mkedan6741]

Schiff is on point when he states we can't produce stuff like China can. I work for one of the large implement makers here in the US. At least 75% percent of the parts are foreign. Chinese and Italian engines, Chinese glass, Mexican wiring harnesses, Chinese castings and plastics for cabs. the list is endless.

[@fredfischer9359]

Thanks for having one of the best economist in the usa.

[@koyotecow7102]

Might as well say world. Their are not good economist outside of the US.

[@liberty-matrix]

"There's one overriding fact. The entire financial system of the world is in private unelected unaccountable hands, the hands of people who meet in absolute secrecy. The Bank for International Settlements (BIS) every four five six weeks has a meeting of the top governors of the banks, and they meet in absolute secrecy. And they have the big banking families and so forth, they all meet up. The 'minutes' are never made available and they decide on the money creation and the money supply of the world. But none of us are allowed to know anything about it." ~Justin Walker, 03/20/2023

[@paulharris1502]

Does Peter go to the BIS meetings?

[@paulozimek276]

I've thought about that myself. Here's the BIS - the bank of banks - and we don't know what's being said behind closed doors.

[@deborahdean8867]

@@paulozimek276 even they get their money from the people. The people's labor. That's the collateral for borrowed money , or debt, the government asks for. Thats only possible through forced income tax, federal income tax. The way to put a big crimp in the style of this mysterious evil is to REPEAL the federal income tax AMENDMENT and property taxes. It would ruin their whole game.

[@casteretpollux]

Oh no not the old anti semitic fantasies again.

[@stevenreddick903]

One thing I appreciate about Peter - He states a view and sticks to it and has been proven correct. Only shortcoming has been he underappreciated the lengths government's will go to keep the status quo in place. Good work Peter !

[@CO8848_2]

He told you to miss out the great last stock rally from 2008 till 2021.

[@kastlerock01]

@@CO8848_2 so 15yrs of malinvestment, interest rate manipulation and inflation crushing consumers is great because, yeah, we made money in a manipulated market! If it all leads to more bailouts, higher prices, unsound banking and pushing debt onto future generations then give me sound money, slow growth and let me retain my purchasing power. End the Fed!

[@KA-vs7nl]

​@@CO8848_2where we're going, we don't need stonks

[@KA-vs7nl]

​@@CO8848_2and no he didnt. He has advised against the stock market multiple times (with good reason) but never explicitly told people NOT to buy stocks. He has said many times diversification is key.

[@tonyfrattaroli7371]

It’s tough being right all the time, unless you are my wife😂

[@jimmyhat3438]

Absolutely incredible collaboration between you gentlemen 👍

[@idaolea8172]

Peter Schiff is the greatest forcaster. Love your work!! 🥰

[@bkcellularking6772]

Peter, been a fan for a long time. This was one of my favorite interviews.

[@clockdoc36]

They want small banks to fail

[@bizinc4493]

Thank you for having more videos and not just audio recently! I love the content, Keep up the great work!

[@flagsngadgets2074]

The annual average wage of a typical Chinese employee is around 3,51,600 Yuan (USD 54,422). The median salary in the U.S. in the second quarter of 2022 was $1,041 per week or $54,132 per year. China manpower cost is higher now. China is outsourcing manufacturing to cheaper neighbors like Vietnam..

[@Birch37]

Bullshit. It's well documented that the per capita income in China is $12,000 USD

[@henryw.1319]

$54,422 per year for Chinese workers? Laughable 😄. If you offer that pay, I can recruit 10B Chinese workers for you!

[@avil8686]

False data , the minimum wage in China is around 390yuan a month

[@squidster3128]

Yeah it's fake

[@Instcare0000]

Lol What?

[@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..

[@craiga.cantrell]

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..

[@ConnieCRiley]

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..

[@dexters.vicente]

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...

[@JamesRBalke]

Never missing out on an opportunity to grow my portfolio this year and aware of Mr Brian D. Fischer, I've read reviews on various investment forums. I bet your portfolio must be solid.

[@RichardPAdams-ms7mu]

Wow this is not the first time I have heard about this Gentleman Brian Fischer and him amazing skill set, I heard he even takes 15% commission on his trades but I have no idea how to reach him.

[@iChongqing]

Thank you so much for coming on our program Mr Schiff

[@jackstone2482]

Thank you Russia, China and BRICS for igniting back the hope that I thought was lost. You showed me that small and weak we may be.. but when united and fighting for the common good We can defeat all forces of evil no matter how strong they are... and that we can start the pace to find peace to face the world in phase of trouble

[@masoncarter7333]

The sad part is Peter is completely right.

[@davidelliott2485]

Not sad if you invested in his company years ago.

[@frankbadalato513]

"History Teaches Us That Man Learns Nothing From History" Gold Is Money, GOD'S Money, Everything Else Is Debt!"

[@Jiidwag]

The WHITE MAN has learned nothing in history. So they brainwashed non-whites to forget their history so the WHITE MAN can relive his glory days of power, privilege, and social elite status.

[@sidneykeiseb6810]

I like listening to Peter Schiff. Hey Peter, for me it’s not doom and gloom. I enjoy listening to people who tell the truth even though we are perceived as strange.

[@cherylcallahan5402]

Peter Shiff Can China save the World from a Crash appreciate your videos Listening 🌼 From Mass USA TYVM 🇺🇸 Peter Shiff Blessings for everyone ♥

[@tomdonovan4842]

As always insightful and excellent review

[@jdizzle6324]

Man it sure feels good to be middle aged and knowing all hell is about to break loose.....not.

[@philipgibbs5751]

Baby boomers sure timed it right. SHTF just when we're all debt free and waiting to die.

[@cameronbell415]

@@philipgibbs5751 like usual, boomers make a mess and leave it for another generation to clean up

[@mcginnnavraj4201]

A timely lesson to businesses to diversify their financial holdings and reduce risk comes from the recent bank bailout. To avoid substantial losses in the event of any financial unrest or market downturn, it is imperative to distribute cash proportionately across a variety of investments. What's the best method to profit from this bear market while I'm still debating whether to liquidate my $217k stock portfolio?

[@hannahdonald9071]

Increased losses for portfolios are anticipated this quarter as a result of market drops, skyrocketing inflation, a large rise in interest rates by the Fed, and rising Treasury yields. Only a good FA will be enough to guide you through the current market volatility.

[@graceocean8323]

@@hannahdonald9071 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 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so

[@zoeytank2921]

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.

[@damnAmsterdammer]

Peter's been on it for years. Thanks Mr. Schiff, it's been wonderful hearing what you have to say.

[@bbustin1747]

Liked your sit down interview with Meet Kevin released about a week ago. It was a candid interview. exposing the FED mismanagement of the monetary system for a decade.

[@jersey2626]

Do you mean Meet Kevin?

[@bbustin1747]

@@jersey2626 yeah. I need some coffee ! I stand corrected !

[@jersey2626]

@@bbustin1747 lol thought I missed one. Thanks!

[@Cor97]

"All that hard work by the Chinese and we didn't pay ..." indeed parasitic, well said Peter.

[@anittebzniehznieh2939]

Most valuable video! Peter Schiff is the greatest! Excellent interviewers as well.

[@matt75hooper]

Schiff has been spot on for 20+ years. Back then Housing & Autos were half what they are today. Food was less then half. Inflation is stealing wealth every minute of every day.

[@renatocp]

Peter is always spot-on. The difference on timing is just because the game is rigged.

[@WilliamBang]

Canada has 5 year fixed but nobody uses it. At least for the past 15 years not anyone that's 40 and under. They all take variable which is adjustable. The banks are holding off mortgage rates right now. Even though they've been increasing rates since March 2022, the Mortgage rates stopped around June, I haven't noticed the increases at the central banks continued to raise them.

[@aldas3831]

Canada also has 7 and 10 year mortgages.

[@buildorder06]

So wonderful that you’ve been able to give Peter the time to explain in detail all aspects of the current economic catastrophe for the benefit of us eager listeners. Many thanks.

[@carter3294]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 13 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a while now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[@floxydorathy6611]

@Phil Stones ​Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

[@floxydorathy6611]

@Phil Stones Thanks a lot for this. I really needed the recommendation, and I would love to move my funds from an existing mutual fund. I'll check her out.

[@pbr549]

The word they use is to be diversified. I have stocks, t bills, money market, S&P index and Russell, along with cash. You need to decide based on your emotions.

[@dustinmiller2775]

In the black, as they say. 😀

[@davidouellette6833]

NO one wanted to talk to him because he tells the truth now everyone wants him to talk about it. The shit is going to hit the fan.

[@uturniaphobic]

the banks could probably survive a slow increase in rates but Powell basically slammed on the brakes and sent them all through the windshield.

[@user-vc5qk9tg7u]

Amarika's First, who cares about the rest.

[@lizardking8388]

"The banks could probably survive a slow increase in rates " Maybe so, but a slower increase in rates means a faster devaluation of the dollar.

[@londen3547]

I don't agree, I think the fed should jerk the bandaid off. SVB was a regional bank and after all the tech layoffs the bank was vulnerable. Hiking interest rates does put stress on the system as a whole, but SVBs failure has been blown way out of proportion. Same for credit suisse which has been on life support for a while now.

[@Jimraynor45]

Inflation is like a fire in the engine. You need to push on the brakes or the whole vehicle will explode. Also, banks shutting down is a necessary thing to happen for the economy to adjust. Just like pulling a Band-Aid or taking medicine can be unpleasant in the short-term, it is necessary to maintain long-term health.

[@I_Died_2_Weeks_Ago]

​@@user-vc5qk9tg7uYes. We stand alone as the most indebted nation in the history of the world. #1 💳 🐑

[@zlatkopodrug9437]

Excellent video, not only because of guest, but there was no interruptions by the speaker.

[@loiscokeley9410]

Yes, that's rare.

[@midgetmack5344]

Great Information 🙏🏽

[@jimthorhauge8642]

We are always too early or too late. So we, like Peter, have to take a little pain for a long time, so as not to be eradicated, in a few minutes, because we were too late.

[@rogerware72]

Peter's concise ending with his famous quotes was fun ... very good interview allowing your guess speaker to thoroughly make his points.

[@davidmortimer617]

Thank you, Peter.

[@hpmoxie4660]

Peter is gold!

[@BradPitbull]

Let's go Brandon

[@shaneroberts2492]

I’m in the UK and am paying close attention to what’s happening over the pond, how do you see the incoming crisis in the states impacting us here in Blighty??

[@clementtan1981]

Wow, there is so much to learn to be more learnt. Many thanks for this video.

[@robjackson4776]

Bravo Peter!

[@ryanviningtube]

I need to see a two hour conversation between Peter Schiff and Peter Zeihan

[@insaaanestuff]

oh my god. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 you are a lost sheep my friend

[@talkintennis8124]

Why do you want to see a convo between Schiff and a Sea Eye Ehh stooge? Who cares what they think.

[@MrTiltmealot]

Peter Zeihan is a clown 😂😂😂. The guy just a story teller trying to get as much views as possible

[@ryanviningtube]

@@MrTiltmealot He has interesting ideas that are backed up by good evidence. But the world is complicated and no one has all the pieces. I'd like to see how their respective compiled information stacks up head to head

[@MrTiltmealot]

@@ryanviningtube I don't know if you know anything about how the economy works. I can tell you that Peter knows shit about economics. I almost had a seisure listening to him that the Chinese economy will collapse. Trust me the western economy will collapse first in any situation how future will be. Except a war between the US en China is a chance for US to keep their hegemony... China is already way too big for the west. They have the support of the middle east, africa, south america and most of Asia... Their tech is way more advanced for the west and it takes decades for the west to keep up

[@tmac454]

Peter - look at you putting on a jacket today. Looking good and sharp. Your doing a great job explaining the scene. I always look forward to your latest take on things.

[@treament1]

Thanks for your knowledge, wish I would have been following you years ago. So upside down with life. Keep the knowledge flowing please...

[@k8aik8ai]

Peter nails it... Again

[@ronripplinger5235]

Peter Schiff is the best!

[@rogerburn5132]

ABSOLUTELY. GREAT INTERVIEW. PETER SHIFF IS BRILLIANT AND THE VERY BEST 👍👍👍👍👍👍👍👍

[@valuedent6485]

THANKS! PETER SCHIFF!!

[@eltonmuhammad7741]

It’s best to obtain as much gold, silver and even copper as you can, before that door gets closed👀

[@choo9266]

​@@flipvansaksen774 because the door was closed 1933 to 1974... who's to say it won't happen again?

[@clffeingold]

You are spot on Peter, as always.

[@RM-jb2bv]

He has a huge blind spot when it comes to BTC.

[@dennisbeekhuizen4225]

Great video! Thank you for this well put podcast

[@stephenlau2127]

Great conversation

[@thechicantique4567]

Wow. Excellent interview! I'm making my list of American companies that make their goods 100% on US soil. Thanks Peter! I think China will cut the cord next year.

[@hongluong3427]

I don't think China will be the one cutting the cord, the american government will be cutting the cord and blaming the price hike and empty shelves on China.

[@davebellamy4867]

How big is that list?

[@hongluong3427]

Forgot to mention you might need to adjust your list to include "sourced materials" as well.

[@sexywave]

42:35 Warren Buffett called derivates "financial weapons of mass destruction" 😅

[@dmitriy131]

Thank you ❗ 👍 GOLD FOREVER! 💪 📈

[@dianedean4170]

Thank you for posting your interview with Peter. I really appreciate Peter's intelligent comments regarding free market and the founding fathers' intent that our constitution is the agreement between government representatives and citizens. I especially think his observations rearding the value of the dollar from weaponization to the backing of the dollar with gold. Great discussion 🎉

[@seymorefact4333]

🇺🇸 Peter... I'm a fan! Your forecasting is realistic. Govt intervention ALWAYS brings complications to cover corruption.

[@mikeallen7566]

"They hammered my inbox" 😂

[@lovegrenv]

Great show! Thanks much.

[@kandismueller7716]

Go Peter! I love the way he explains world economics so clearly.

[@mattbutler458]

Along with massive spending cuts and discipline, American adults could surrender $3, $5 or $10 per month to be paid against the debt and then taken out of circulation. It seems small and insignificant but the cumulative effect would turn the ship around and point it in the right direction. It's time to think, speak and act with humility.

[@Tony-ft4jp]

What for when gouvernments are giving Ukraine over 100 billion in cash and billions in arms without tracking of were that money is going, aside from Biden 10%!!

[@PaulMitchell-uj1uu]

I don’t think so. With a National debt of 32,000,000,000,0000 that’s $100,000 per person. $1,000 per month might have an effect after a few years.

[@danielabdalla8488]

Even at $10 a month for every man woman and child it would only be 36 billion a year. Balance sheet blew up 400bn in two weeka

[@PaulMitchell-uj1uu]

@@danielabdalla8488 No, it’s only 17,000,000,000 a year.

[@danielabdalla8488]

@@PaulMitchell-uj1uu no, it's 36 billion. 120 x 300 million

[@rogain662]

Peter is the only one that understands economics.

[@gregd4391]

Peter Schiff, Marc Faber, Jim Roger's, Tom Woods, Ron Paul, and a number of people at the Mises Institute. Unfortunately, they are not in positions to stop government's interference.

[@Richmondthefish]

and yet makes wrong calls all the time.

[@Mistro07]

@@Richmondthefish being early doesn’t make you wrong, it makes you early, your comment will age horribly:)

[@lovly2cu725]

@@Richmondthefish name 2

[@jude999]

It is obvious common sense in plain sight. That is what is so confounding. Its like mass hypnosis. People don't want to believe.

[@janelewis7747]

Interesting. Thank you for providing a positive outlook

[@DBEdwards]

Peter's King/Monarch analogy is brilliant. When I think of it he is right. Queen Elizabeth prospered and her Empire grew. Dictators not so much. Democracies like Athens, not so much

[@GrasslandHerbivore]

Hans Herman Hoppe has made similar arguments in-depth. Monarchs are the ultimate private property holders, thus they have more long term incentives to protect their dynasty.

[@stephenreynolds4812]

I take it you mean Queen Elizabeth the 1st. Her economy was based on stealing Spanish gold and the slave trade.

[@bkkfootball]

“New highs” in devaluated real dollar terms is not new highs anymore

[@paulr6922]

Britain as part payment for the lend lease scheme after ww2 handed America control of the global reserve currency. I wonder if China will ask for its currency to be the world reserve currency as part payment for the debt America now owes it?

[@hammer6198]

Not a chance! They would never give it to a non-liberal non-western country!

[@Sunnyokwor]

China will never do that because they don't trust US. Signing any deal with the West is like putting an ink on the toilet paper. We have seen US broke of its promise not to expand NATO, it's aggressive posturing in the taiwanese trait and Minsk agreement.

[@zabdas83]

Can you tell me your source for that fact?

[@matthewprzystup998]

Thank God for u. I say the same exact thing u say and people think I'm crazy. It's obvious to me but most are thinking their bravado is going to get them through.

[@michaeltrickey5151]

Great talk! Thanks Peter!

[@theodoreboosalis]

BTC or blockchain and any derivative can make gold portable without needing to actually house it physically. Peter is spot-on again.

[@themountain3461]

No Blockchain removes the need for trust in a third party. It removes counterparty risk. When you hold Bitcoin, it is indisputable that it is yours, just like a physical gold coin/bar When you create a decentralized ledger of gold holdings, the blockchain CANNOT keep track of who is actually holding the coin. There always needs to be a person who broadcasts to the blockchain that they hold the gold or that the gold has moved. But they could be lying. You CANNOT audit the gold holdings across the world Blockchain can only keep track of itself - digitally proving ownership of digital entries on the ledger

[@AnotherAnonymousFag]

How does that work?

[@1solo2mercedes]

Gold is held third party at Brinks or equivalent and coins are “minted” and value is set against a hard asset instead of created outa thin air and valued against the buyers opinion of worth. Bitcoins value is only worth what someone else will pay for it. It has zero intrinsic value unlike a gold or silver backed coin that would have intrinsic value even though there will be third party risk.

[@SirStumblesALot]

​@@1solo2mercedes Bitcoin's and many other cryptocurrencies' intrinsic value is freedom.

[@AnotherAnonymousFag]

@@1solo2mercedes So, your idea is to add more counterparty risk to a bearer asset. Not sure you've thought this one through. PS Dirty little secret for you; everything is valued against what a buyer will pay for it. Intrinsic value is meaningless mumbo-jumbo used as code for "you can touch it" by gold sellers. Don't fall for it.

[@user-le1qp4nc8p]

If gold backs up Crypto Currency can't our govt seize the gold by law thus destroying that currency? (If we store gold in another country, then we become dependent on their laws, which is risky also). Is there a solution to this dilemma?

[@nickb3968]

It all depends on what jurisdiction the PM is vaulted in....."property rights" used to be sacrosanct in the US...but no more. PM vaults located in jurisdictions with high regard to property rights help mitigate confiscation....(meaning outside the US).

[@AnotherAnonymousFag]

Yes, just ignore gold. No need for it in this equation. Why would a crypto need gold?

[@1solo2mercedes]

@@AnotherAnonymousFag That’s an easy question to answer: To give it true intrinsic value.

[@AnotherAnonymousFag]

@@1solo2mercedes Then just own gold.

[@tallswede80]

these things don't happen overnight. If it becomes clear that a government is potentially getting grabby, then the owners of that gold would get their deposits the hell out of there very very quickly. We have examples from history to teach us. Roosevelt was a socialist. Socialists are inherently "grabby" with other people's property. If a country could potentially elect a socialist, then the gold should be instantly withdrawn, years in advance. This could be a good application for AI. The AI would detect when the bullshit is about to occur, load the gold onto ships and get it out of there.

[@rodrigomohr1277]

Great interview!

[@manzimfura]

This was very educational! Thanks a lot to Peter Schiff, Alex and Cyrus! God bless

[@donaldavery4667]

To all my friends who clamored for stimulus checks I say, " Guess what time it is?" Time to pay it back.....with inflation.

[@kenjo3045]

It was more corporate and bank bailouts than the stimulus checks. We will need to pay for all of it regardless.

[@deborahdean8867]

I think those stimulus payments were the tip of the iceberg when it comes to covid money distributed.

[@theodoreboosalis]

There's going to be more and more incentive to take payments in gold/silver based on the velocity of depreciation on the USD. I am assisting in these efforts with local people - that's where it all starts.

[@1973superdad]

Peter has always been right, timing being right, not so much, when to be right is key.

[@davidmunoz2000]

I have only listened to Sir Peter for less than 2 months. But he is unbiased is not selling anything. Seems like he loves what he does. I appreciate your analysis.

[@davidlanham99]

GOLD is a 67 foot cube. Basically a 6-story building. That's all there is in the world, folks!

[@jakw97]

So its rare, oh what a bad quality for money.. A ford mode T would cost you for 300 dollars in 1923, now we pay 30 000. The volume of money is irrelevant, the value is the point mate.

[@davidlanham99]

@@jakw97 The scarcity of gold is what makes it valuable. As more and more people want it, it becomes more valuable.

[@alexlopez5800]

Same with BTC

[@davidlanham99]

@@alexlopez5800 I disagree. Rote computations are infinite, they just don't all say "Bitcoin" on them, but they are still infinite, rote computations.

[@alexlopez5800]

@@davidlanham99 * Rate

[@hongluong3427]

China CAN potentially save the world from crashing, BUT the question is WOULD they want to save certain countries from collapsing, such as america, England, australia, Japan, and South Korea, just to name a few.

[@pedroafonso279]

Keep dreaming

[@the-beneficiary1809]

China DIN DO NUPHIN!

[@aucourant9998]

I'm not sure the Western world collapsing would help China as it is a major world exporter. If it could find markets elsewhere then maybe yes. I think slow but sure might be more in China's interests. It is going to become the world's greatest economy and superpower anyway.

[@cellardoor9882]

Um, if the West collapses then China goes down with them.

[@hongluong3427]

@pedroafonso279 China saved america from collapsing back in 2008 which rippled outwards to other counties. Where's lehmen brothers banks now? - BANKRUPT like some other banks within the past few months/weeks in america

[@umnuaysaehau875]

A great video! A must-watch!

[@WillemBosman-ds1gx]

One issue you do not seem to discuss is the replacement cost of buildings. We have massive inflation in building costs. If we assume that people need to live and work somewhere, buildings will always be needed. Rent on a building "cannot" in the long term be less than interest on the loan. If rates go up so does rent. There is an offset in the mid to long term of the finance cost at least to the extent the product cannot be produced for less. Even if land value drops to zero there is a decent bottom to the market is there not? This does not apply where the land cost is extreme as compared to the value of sensible improvements. This can be screwed up by land taxes or wealth taxes etc of course.

[@thejfactor1]

China has huge financial liabilities on the horizon, as well.

[@brianlowe3529]

Internal debt.

[@alexlopez5800]

We owe China $, if we go to war with China. We don't owe anything... A horrible thing to say but that's what will happen and not even china wants that

[@BigBootyStarFish]

Never heard of this guy , gotta say it was like he was speaking my thoughts

[@donaldavery4667]

Listen to his podcasts.

[@davebellamy4867]

Peter Schiff if a bright dude and an excellent speaker.

[@1solo2mercedes]

This dude is a legend. That’s why the host was so excited to interview the one and only Peter Schiff!

[@raymondknight5298]

Most restaurants here became [because of a combination of greed and demographic change] foreigners in almost all BOH positions from what I have seen , owners love the cheap labor and exploitability vs. a younger college to middle age American. High Schoolers who worked at fast food jobs are an extinct species nowadays .

[@dangaines405]

Peter is great! Thanks for inviting such a great macro expert!

[@Tubernameu123]

Cyrus is great.