Peter Schiff: America the next Greece? (video)

Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, explains why Washington's Keynesian approach to stimulating the economy has led to more overspending and excessive debt levels, during a Fraser Institute policy briefing on June 5 in Vancouver.

[@rahimalibhai8163]

I can’t believe this video was made 9 years ago. This man was ahead of his time. In 2022 we are facing the very same problem.

[@3EBstudio]

History sure does rhyme if it don’t repeat

[@rahimalibhai8163]

@@3EBstudio I don’t think history is repeating itself. The problem never went away in the first place.

[@3EBstudio]

I hear a beat though, sounds familiar

[@nick101984]

Since 2008 the problem has only ballooned. He analyzed the issue and said no way this can continue for another couple years. But they were able to put band aids on it. But with COVID and all that NOPE that is the final nail in the coffi. We have 20% inflation now. Soon there going to have to raise the interest rates. Then thus whole BS economy comes tumbling down.

[@JohnDoe-tj8rq]

He was completely wrong. USD has greatly strengthened against the Euro.

[@SteelSculptor]

10 years on, we're living through a silent depression that the government refuses to acknowledge.

[@harryholiday5356]

the world has been in a controlled depression since june 1971. The people have lost control over their lives for generations to come. Just 'suck it up' and get ready for some long term hard times.

[@dustinraymond9403]

Well partly also, this would have been apparent and would have been more timely if "they" didnt prop the whole system up to put some distance between the dots if you know what i mean......

[@Clubrat]

Yes! Sucks for the young growing up with this government incompetence. The craziest thing of all is that people actually believe we should go to communism to “solve” the problem…..

[@trupomp4906]

They created it.

[@Jason-gg3hj]

Yall should read up on the conspiracies 1900 the last president, project blue beam, and the decline of America these are pretty old but very similar even to which party was the minority in the house. FYI it's everyone in DC that's corrupt they intentionally screw everything up than rig the election against a businessman from NY and the republic collapses after the corrupt takes the rigged presidency which would make Trump the last president setting up for the 2nd Civil war and Biden with a totalitarian dictatorship

[@lawrencethompson127]

I think that Peter underestimated the ability of the government to delay the collapse. But I think it is just around the corner now.

[@saeed9932]

Watching it in November 2021: The fact that Peter's videos make sense 10 years later is the proof that he is right. The more time goes on, the more right he is.

[@JinKee]

but he is too early

[@RamSamudrala]

The fact that he was ten years wrong means he was entirely wrong. This is ridiculous: he didn't say "In 2021, the US will become Greece." This is from ten years ago he was totally wrong at that time. The US hasn't and won't become Greece because it has control of its own currency. It may become Weimar Germany but not Greece. Even a broken clock...

[@RamSamudrala]

@Sleeping Dog What conditions today in the US (in terms of real impacts) are similar to Greece of 2011? We are so far away from that it's hyperbole to make this comparison. Going forward in the future, the US MAY be Venezuela or Zambia but not Greece.

[@Last-Day.light-]

More like Rome. Once world moves away from oil, petro dollar will lose as reserve currency. Then, we will be minting trillion dollar coins and USA will pay hefty price to pay expensive imports. Then, other countries will find it cheaper to USA to manufacture for their country.

[@rrssmooth6643]

Neat to go back and seeing the future being told.

[@the_5th]

Weird how this was 8 years ago and it sounds so relevant to today.

[@irszgatti]

Exatly what i was thinking.

[@donjohnson7597]

[@AB-sv5rf]

I actually didn't initially realise it was that old and thought it was recent.

[@LAFerrariZack]

I literty thought he was talking about the know until I saw this comment 😂

[@benzedrex]

Peter Schiff was right (as usual)

[@timothytimmins1899]

Now is such a fitting time for this video. Even more relevant today than when this was made.

[@saltys5stargeneral541]

Damn bro beat me to it lmao. Fuckn truer now than ever

[@iCanSeeWhatMostCant]

@@saltys5stargeneral541 Shit bro, you beat me to posting that he beat me to it lmao! It's only going to get fuckn truer!

[@freddieg7131]

@@iCanSeeWhatMostCant No way bro! You beat me to posting that he beat you to posting that he was beaten to posting it!

[@NimblePerspective]

@@freddieg7131 🤣

[@cryopunch]

No no no, damn bro you beat me to it..

[@stephencarlsbad]

Peter characterizes repeated over-stimulation of the economy like insulin resistance in metabolic syndrome. Brilliant!

[@knowthyself5604]

Your a genius Peter. You have always been my favourite economic educator.

[@monstaclutch565]

@@lyncarlson2448 stay safe and don't forget to wear your mask.

[@poopface011]

Wish I knew about him earlier. But glad I do now

[@lemancemossjr3935]

Is this really 8 years ago, that’s crazy. Life is really written.

[@sebas8225]

Wont be surprised if they keep this BS going and people end up adopting Bitcoin on the long run case they realize trusting the system to fix itself is like hoping to winning the lottery.

[@funsizedi88]

"History does not always repeat itself, but it often rhymes" Mark Twain

[@monmalin]

He knows his stuff.

[@notyourmomyousnowflake3533]

its because the problem wasn't solved and the mistakes were repeated.

[@thomasgleaton685]

Where are all the trolls now???!!!

[@m.l.5284]

This video is 8 years old, but yet more relevant that ever, with all the new debt and stimulus in 2021.

[@pulsefire3467]

Now it's much worse.

[@whoeverelse]

Just wait til til the legislation for the Mint to be able to print a $1trillion platinum coin to give to the Reserve to help with further stimulus.

[@m.l.5284]

@@whoeverelse You feel the inflation, before you get the cheque. Or you get inflation and no cheque. Nice stimulus.

[@plmainville]

huh, he has been clearly proven wrong. America is not Greece. We can print money they can't.

[@m.l.5284]

@@plmainville the ECB (European Central Bank) prints money for Greek and hand it out as a loan with no obligation to pay back. Monetary stability is a joke, nowadays. The US is embracing inflation, as well as Greece and most other countries. Some more, some less, but all do it. The well-being of an economy is not determined by the amount of money they print, but by the goods and services they produce. So, he was right.

[@Styxswimmer]

This guy was decades ahead of everyone else

[@newworldforward1842]

The brain is the most underused forgotten about organ in the human body at this point in history. Any moron would know what Peter knows if they actually had single thought of their own.

[@lennybrewster4673]

Not really, history just repeats itself. The fed has the most irresponsible policies they're is and when we no longer backed out money with precious metals we were all on a collision course with destiny.

[@dragon.fromindia3235]

GOD PLEASE DECREASE GOLD PRICE IT HELPS TO INCREASE JEWELLERY SALES IN INDIA 1700$ oz

[@Styxswimmer]

@@lennybrewster4673 history doesn't repeat itself but it rhymes - Mark Twain (aka, Samuel Clemens)

[@escapedfromnewyork]

NINE years ago.....funny thing is I do not believe he's wrong. Don't underestimate the government's ability and willingness to prop up a dead economy

[@tezcatlipoca6336]

he is still right.

[@tmo4330]

The real crash is inflation.

[@pattymiller9040]

I startedi lstening to this, thinking it was made recently, and was very surprised when I saw that it was made in 2012, almost 10 yrs ago!! That's crazy!! So relevant today!!

[@JoseDiaz-rd9fh]

There is nothing new under the Sun. If it's one thing that is clear about humanity despite our intelligence. We repeat the same mistakes over and over again like a dog returns to its vomit

[@JK-qn9qr]

I started listening to this without knowing the date of release, thinking it was done maybe 6 months ago. LOL....we are still doing the same shit...

[@acommentator69]

And its still working

[@jondoe170]

Same!!!!!! Wtf so surreal

[@motivationfactory9916]

Maybe it’s evidence that Peter’s assumptions about QE and Inflation are incorrect. But the thing about predicting doom is, you never have to admit you’re wrong. You just have to keep saying doom is “around the corner”

[@mikeosullivan3901]

Although Peter sounds really intelligent and his thesis might sound really good. he's been bearish on stocks since 2011. Not just bearish but Doomsday bearish. That's 10 years of being wrong on the dollar, unemployment, missing the greatest bull market in the stock market. I give him due credit for calling the housing crash. But as an advisor he's lost clients a lot of money.

[@motivationfactory9916]

@@radiant_rj 9 years of predicting a crash that never happened, and he missed out on the biggest bull market in history. Sad.

[@dragisokol3840]

This is more relevant today than 8 years ago.

[@milarjack5516]

romiodens @ gmail com

[@dragon.fromindia3235]

GOD PLEASE DECREASE GOLD PRICE IT HELPS TO INCREASE JEWELLERY SALES IN INDIA 1700$ oz.

[@Mustach_Mike10]

lol for a minute there I thought I was listening to something that was a week or month old untill I looked ar the date cuz he looked a bit younger.

[@chriscallahan5264]

Still holds true 9 years later.

[@davecor2]

He obviously didn't believe we'd go another nine years but now I fear that we're inches from the cliff.

[@nathantremblay4529]

Inches away? We off the cliff already homie, approaching terminal velocity. We just haven’t hit the ground yet

[@ruslantraveller7866]

I am sure we have another 9 years or 2x9 or 3x9.

[@JohnDoe-mh8tm]

He's only been saying the economy will crash for nine years. I guess someday he'll be right. Bahahaha!

[@bilalwasim8334]

I agree, too much stimmy printed in the last year or so. May take a couple of years to manifest, but this isn’t going to end well

[@se7enonethr3e]

LMAO 💯💯💯

[@peterdavis3509]

March 2021...I'm an American living in Greece and seeing both economies on the same track. Brilliant mind, brilliant forecast, brilliant video!

[@xX13Pwner13Xx]

9 years later, nothing's changed x)

[@fuqutube]

@@xX13Pwner13Xx Dollar is crashing, massive bubbles everywhere, political devide, civil unrest. On the brink. Lead, silver, Gold, Food.

[@johnfrank4351]

@@MercuryRisingFast How is it any different? Go ahead. i'll wait.

[@johnfrank4351]

@@MercuryRisingFast So, no fundamental difference. Got it.

[@uince]

Has been terribly wrong for at least a decade. The US economy took off, no inflation arose, markets performed beautifully. Anyone who listened to Schiff or invested in his funds stayed poor. Schiff built a fortune on his ignorance and on his poor investors’ backs.

[@drew9312]

Absolutely stellar talk by Peter- informative and brilliantly delivered and with humour included as a bonus. Hope to see Peter speak live some time.

[@Jonnys00007]

Peter being right in 2022 is humbling . This guy knows

[@eac26114653]

Damn. This guy, Jim Rogers, Jim Rickards, Ron Paul, and Mike Maloney are all being proven right...They could see the economic/fiscal problems years before they happen.

[@darkoverllord]

Mike malooney secret history of money changed my life.

[@dominicmonteiro]

Lol they just sit predicting

[@yogamatt443]

It’s just cycles. And we aren’t the first people to have a corrupt government and media that doesn’t speak the truth

[@andrewpearce7138]

Best video I have seen in such a long time.... Speech could have been made this morning and all would still be relevant

[@philpottkentucky4802]

He's been wrong for eight years dude lol

[@mgtowlife54]

@@philpottkentucky4802 he's right for 8 years doofy.

[@TheAgTeam]

No matter how many time I watch this, I feel it can’t be watched enough, to ensure lessons are learned from Peters insights

[@mariaperrymanvasquez5655]

Excellent program learned a lot. Thanks for sharing. Stat safe.

[@IAMBILLYDAVIS]

I literally just listened to this and 1000% agree and I then I realize at 51:07 that this is 9 years old! Can I meet this guy and shake his hand just becuz these are the people that I want to run the world. Not these sick mid evil ass bloodlines. . Don’t let that go over your heads. But this video is spot on.. even right now

[@MegaWorldadventure]

50:15 "So, who knows, eventually be might need to borrow 1 trillion or 2 trillion!!, just to keep the pony economy afloat" => LOL 2021, this guy saw it 9 years earlier, holy Sh***

[@calvinvastelli6792]

I thought your avatar was a hair on my screen and I kept trying to swipe it off lol

[@SleekMouse]

@@calvinvastelli6792 yep me too. tried to brush my eye lash off haha

[@the_real_economics]

Yet, there are thousands of people screaming "how wrong he is, how he always warns of crises that never come and eventually he might be right one time". I mean, are those people for real? WHENEVER central bank starts printing money (and gives it honorable names such as QE, asset purchase program etc.) it just proves that he is right. Instead of having crisis in one area, central banks hide it by money printing into the loss of purchasing power.

[@jisskk28]

Thats a long ass wait😂

[@SleekMouse]

@@jisskk28 just long enough to get your head in gear and buy some commodities

[@glkok6927]

He can explain complicated economic problems in simple terms so that layman can understand,, salute him

[@jaylaw.7660]

Yes, salute

[@jaylaw.7660]

Love you Schiff..

[@free2bme741]

You are brilliant!!! You should be president we need more level headed realistic thinking like yours 🙌

[@MahoganyKiara]

It's crazy how this applies to our lives today. This world is a scary place.

[@ismaelsantana4238]

He ben saying this for 20years about time he got it right

[@derektomlinson6514]

Its called financial education which will never be on any education curriculum because you are not supposed to know how dark the financial world really is and know you are still a slave.

[@kevinconroy6606]

@@ismaelsantana4238 it’s been true for 20 years, they keep kicking the can down the road. Only way out is collapse (and revaluation of the dollar) or for the US to seize more assets (at home and abroad) and then reorganize the global economy around a usd based digital reserve currency probably along with massive amounts of govt owned housing to get enough capital to service the debt

[@MahoganyKiara]

@@derektomlinson6514 I’m in college & they teach this.

[@Pwwh0711]

A stopped clock is right twice per day...this guy is a lucky clown who now pontificates like he has the intellect & proven predictive abilities of Michael Saylor.

[@GiveMeEyeballs]

this man was right all along

[@harrisonswift1416]

Welcome, friend.

[@kashay4415]

@nvsbl2 "1 Trillion dollar deficits" FED: Tze, pathetic....

[@1986tessie]

The worst is yet to come.

[@brunocarvalho9253]

Yes he is. He really understand economics, although he doesn't see the underlying root causes

[@nin6246]

Yes, Schiff has been right all along however it takes a certain amount of maturity and understanding to know what Schiff's positions really are and why.

[@stevenhume7923]

Greece lost a large portion of its tourism industry when they joined the Euro and everything became expensive.

[@DJ_Ichiyo]

How long ago are we talking about

[@stevenhume7923]

@@DJ_Ichiyo From 2002 when Greece started using the Euro.

[@nick101984]

Greece and Germany can't be under the same currency because they have two vastly different economies. Greece exports olive oil, Germany exports highly engineered machinery. The Greeks blew all there stimulus money on early retirements and crazy pension plans. Now their kids are paying for it all. 40% unemployment rate for those 18-35. Then the ones who do work only make 700-1000 euros per month. Obviously the Greeks, portuguese, Spaniards and Italians should be an economy based on their own production. But those economies won't be as productive as the Germans and french.

[@pjoconnor4482]

Love watching Peters enthusiasm for Gold, I decided after watching some of his podcasts to invest in a little and finally feel more secure long term.

[@JS-ue5fp]

Oh wow I thought this was a recent addition. Peter was always right

[@nightowl6811]

It takes years to collapse everything ladies and gentlemen. So easy to understand! I am now 50 years old and lived enough crazy times to know that the coming economic depression will be super brutal for millions. Especially the sheeple sheep 🐑 lost losers. Shopping dating 5 Marriages buying big screen TVs Nike’s casinos unhealthy fat lazy people. 😎

[@JS-ue5fp]

@@nightowl6811 you don't hold it...you don't own it

[@acommentator69]

He was wrong

[@JS-ue5fp]

@@acommentator69 your wrong

[@ZelenoJabko]

He is right like a broken clock is right twice a day 😂😂

[@diabolicaldebbie]

Everything he said has become a reality in 2021. You should download and spread this video to everyone you know.

[@MikeyD203]

He sure did swing and miss on Bitcoin

[@diabolicaldebbie]

@@MikeyD203 Watch at approximately 24.30 where he talks about Facebook..same thing with Bitcoin.

[@MikeyD203]

@@diabolicaldebbie no thanks.

[@calvinvastelli6792]

ShadowStats just recently updated their U6 Unemployment numbers and they estimated that slightly over 25% of working-age individuals (over 1/4th!) aren't working. I'm normally an optimist, but the near future is looking pretty grim...

[@matheweckhardt8154]

That was good! Jumping out of the frying pan into the fire!!!. You made me laugh... Thanks for that! 👍👏👏👏👏👏😀

[@CorpseCallosum]

They have kept the game going but it sure feels like the end is near.

[@elbazart]

Peter Schiff has completely changed the way I think about economics. I used to think the economy's well being was primarily determined by the government's fiscal policy. Now I realize that the central bank's monetary policy is just as important, if not more so. His insight that the interest rate should be determined by the markets themselves, has really opened my eyes.

[@elbazart]

@@lyncarlson2448 What a blast from the past. When I wrote this comment I was at the very beginning of my journey into economics. Many things have changed since then, but the realization that central banks have distorted our economy and set us on a path to a much greater financial crisis is still valid.

[@wa1-marketing955]

I wrote a piece on LinkedIn that caught the eye of one of the Rothschilds... I asked the question... Would you rather have £10,000 now or in a year? Then I asked, what if it was £10,000 now or £11,000 in a year? That is how we arrive at interest rates. The time preference of money is its interest rate, and that varies for different people, at different places and different times. The average (mean) is the market rate. There's your market.

[@everettsykes1774]

I was just listening to this while gaming. I thought it was current because it is so relevant to the economy now.

[@owen8271]

DITTO. Alarming.

[@DeadNoob451]

Same here. My mind for some reason autocorrected 2012 into 2020 and i thought oh well, its about a year old, but still seems accurate enough.

[@DrIsaacSun]

Its actually more relevant now than in 2012

[@Michael-vf2mw]

Except that we've moved to harder liquor. We're now chugging pure straight liquor by the bottle.

[@dmitryk2058]

i think this whole situation is kinda like Looney Tunes Wild Coyote cartoon where he runs off a cliff, but keeps going on the imaginary ground because he hasn't yet realized that there is actually no ground underneath. The moment he realizes that...boom, express elevator to bottom.

[@Lonewadi6242]

👍

[@outstandable]

Yes!!! Lol

[@danielnebo8582]

When it comes to the world of investing, most people don't know where to start.fortunately.great investors of the past and present can provide us with guidance

[@daviddavis7955]

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[@imeudo6991]

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[@princesamuel3063]

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[@aminatmuham9152]

@@princesamuel3063 I trade with him, the profit are secured and over 100% return on investment directly sent to your wallet.

[@dejipeter5486]

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[@jp92382]

wow you could play this video today and you wouldn't know it was from 2012

[@Aw3someOpZ]

Bruh, I was mindlessly eating cereal with banana and looked at the date. THIS SHIT IS HAPPENING NOW! Not exactly the same, ITS WORSE.

[@lennybrewster4673]

Yup. We're looking at a possible collapse this time because our fiat system is 100% guaranteed to eventually fail.

[@JeriDro]

saying bruh makes you sound stupid

[@bigl3242]

@@JeriDro Your name is DreamWarrior you cornball

[@Below-Zero.]

@@bigl3242 Bruh isn't a word smart people use.

[@JohnSmith-is1xr]

Long live the word "Bruh"

[@thomascunningham5483]

Schiff: "The most important price is the price of money." (i.e., interest rate for borrowers). This may be the best video that I have seen on economics. See 32:18. ------ The economy is distorted because interest rates are too low.

[@CC-jy4gr]

I've come back from the past to watch this video about the future that was produced in the past.

[@Sc0rpic0m]

Peter rocks. If I would be in his shoes i'd be depressed by how few (in comparison ofcourse) people listen, i'd surely get depressed after couple of years. He never wavers to spread the sanity despite all this. I live in The Netherlands, about to graduate from college. Surely i'l put my future saving in gold, because both the euro and the dollar are doomed because of the massive stimilus / borrowing.

[@A-RonHubbard]

He was always right, just very early. But after this empire collapses, history will not think another couple of decades was very long in hindsight.

[@justinholland9844]

I think this is the single most articulate and comprehensive speech that Peter Schiff has given.

[@Tampa0123456789]

Why does this video keep popping up on my auto play? I've already seen it Luke once a week. Anyway I can't believe how accurate this presentation was.

[@philbertius]

"Letting the market decide the price of money, ie interest, like it does all prices." I love this analogy and intend to use it frequently-- anyone who's taken a crash course in Economics can understand it. Schiff, you're my hero :D

[@apove1814]

Yeah right. That’s why value investment stocks works so well for people. 🙄 This guy will catch your attention if your 20 or new to markets. The rest of us now that this is a kindergartener being sent to understand the real world.

[@rylandavis2976]

@@apove1814 says every npc in an obvious bubble

[@falconeaterf15]

@@apove1814 And some of us know how to spell know.

[@jamiekloer6534]

The whole country is drunk. Classic

[@Deep.Purple]

World -- and they sit at the same table drinking and deciding what you do to get a digital currency replacement for cash.

[@milarjack5516]

You can trade with Mr romio strategies,his the best ever known on bit coin forex trade crypto,coinbase and others and try to hurry up because time is money,money is life,life is beautiful❤🤣😂

[@milarjack5516]

romiodens @ gmail com

[@SebM-Python-JXeNuddg]

@@milarjack5516 why not keep it secret then scammer

[@dragon.fromindia3235]

GOD PLEASE DECREASE GOLD PRICE IT HELPS TO INCREASE JEWELLERY SALES IN INDIA 1700$ oz.

[@ralfg9194]

Quite astonishing. Years ago and still so true as it was in 2012. Kind regards from Germany!

[@MorgenReport]

Thanks and Respekt! Now I completely understand the Pandemic Theatre.....

[@MrTommyboy68]

AND here we are in 2021 and still printing money and taking MORE EBT.

[@MrDwightsimon]

More debt is awesome!

[@MrDwightsimon]

@A W You voted for it for years, and now all of a sudden you want to do something. I hate to break it to you, but it's too late for America. Our government will keep on running it into the ground regardless of who you vote for. All you can do now is take care of yourself, pop some popcorn and enjoy the show!

[@ethankg9094]

@A W Don't just leave it up to the politicians, we can make change ourselves within our daily lives, if the economy is failing then we must simply produce ourselves what money buys like food and water, start growing your own food and build a water supply, it is up to us as the people to help each other.

[@MrDwightsimon]

@Benson Hedges That's cool. I'm ready to buy the dip! I got my ticket to the moon! 🚀🚀🚀

[@user-ip8bw7gt2x]

@A W It was probably "great" for a few decades for white people lol other than that it's nothing to write home about

[@healthhavencom]

57 minutes of brilliance

[@milarjack5516]

romiodens @ gmail com

[@PaigeXboxgamer]

Very Informative And Helpful Thank you

[@CCC_24]

This ages amazing well. Just closer to financial d-day.

[@JohnTube2K]

wow... 8 years later and still relevant, cept rates still are 0 anand fed is keeping it rolling

[@ericblust5923]

The Fed goes, Brrrrrrrrrrrr all day long.... As the media sings and plays along.....

[@dccajc1]

Here comes the shit storm

[@19phift4]

Shit storm in progress..

[@whoeverelse]

@@19phift4 At least toilet paper is in stock, right now.

[@DarrienHudgins]

@@ericblust5923 we're knee deep in a socialism

[@James-mw7zv]

It won't work eventually but until then it works like a chram. I knew and agreed w Schiff 100%, I stayed out of the stock market most of the past 5 yrs and lost hundreds of thousands of potential gain. I got back into the market 6 months ago and I have gained 20% return. Money in the bank is a loss, so it's flooding into asset bubble. Now the new generation has 28 trillions of national debt and houses that are crazy expensive. We screwed them big time.

[@Khamomil]

The analogy with drunkenness is priceless, Greenspan as bartender. Schiff is so right on human gullibility.

[@darrenstettner5381]

Crazy. This was nine years ago? It sounds just like today only it’s probably more ludicrous than schiff was even anticipating it could get.

[@cab1277]

Thanks bro, from your neighbor in Clermont, Florida. Great brief on this sham case against Ripple.

[@shawns2k]

Thank you Peter once again. I try and try to get my parents and Wifes parents listen to you. All they say is "I hope he is wrong". Are you kidding me. You are reaching people and keep being the patriot you are.

[@susanacuratolo1200]

We're here 😁

[@unknown-user]

I believe this video can be played for the next 100 yrs and it will still feel like it yes just uploaded a day prior. Nothing has changed.

[@daryoshmominzada9341]

He feels like Thanos:“they called me a madman”

[@ahuempfner]

You know what's amazing but scary? This was in 2012

[@milarjack5516]

romiodens @ gmail com

[@fmoney]

I was watching this like it was released today.... and then I looked at the upload date.

[@LJRoss-zv8hw]

Excessive spending on the military? Corporate taxes too low? Billionaires paying a lower percentage of tax than a teacher? Living beyond who's means?

[@tptactual791]

watching in feb 2022, he was 1000000000% correct!

[@alexkrantz23]

I love how Peter always uses metaphors.

[@milarjack5516]

You can trade with Mr romio strategies,his the best ever known on bit coin forex trade crypto,coinbase and others

[@nord98]

Brilliant as always Peter!

[@albertfeynman492]

Except for the fact that it turns out he was wrong.

[@ramprasath3346]

@@albertfeynman492 wrong ?

[@alexnezhynsky9707]

@@albertfeynman492 Still in denial, comrade?

[@albertfeynman492]

@@alexnezhynsky9707 With the economy shut down and USA printing Trillions of dollars why aren't we Greece yet? Why are prices stable/no inflation? Where is the chaos. It would seem YOU are in denial, no?

[@albertfeynman492]

@@ramprasath3346 Yes. Dead wrong. Economy has been shut down for how long now? And the USA continues to print Trillions yet all prices remain stable. Individuals and businesses getting bailed out and everything is moving along fine. Why hasn't price of gold sky rocketed? Why hasn't the value of the dollar dropped?

[@tonycassidy4112]

Oct 2021 ... just listened to his most-recent podcast ... he is literally saying the exact same thing now as he did back then, 9yrs ago ... the debt ceiling, Bernie Madoff and Japan

[@nedkelly2035]

"The Fed lies about inflation." SO TRUE. Except for a very few staples (some of which are subsidized), everything I buy is up by more than the alleged rate of inflation. Some tech items are actually down in terms of what you get for what you spend, BUT: I buy a new computer about every 8 years, and I just recently replaced my 15 year old cell phone, so those few items don't help me much,

[@kimcissell1905]

MSM censorship and lies. The collapse of the US economy is the goal.

[@AlphaSigma]

this is the best lecture from Mr.Sichiff i've seen so far.

[@milarjack5516]

romiodens @ gmail com

[@LFSPharaoh]

At the beginning I thought, mmm, okay, but now that I've watched the whole thing I can agree with you 100%, I think I'm gonna watch it again tomorrow lol

[@simplisnpdotcom3627]

You should watch it again today. 😃

[@TheBadSeed3094]

'Everything is going up because of inflation, well everything but gold, right Peter Schiff?" -Max Keizer

[@snowmanboyatma]

Question. At 30:35 he presents the question - why can't the fed just keep interest rates low forever. His answer is that the fed can't do that because the markets won't allow that to happen. Can anyone explain this further? The fed right now is keeping interests rates low and the markets are hitting all time highs every week.

[@TimFlaherty]

8 + years old here in 2021 and still true !!!

[@tracybeckett4107]

He’s right. He knows what’s wrong but doesn’t know when the end comes, but he knows like we do, it’s coming

[@clifffowler2581]

I wonder how long until Biden's 1.7 trillion stimulus comes back to bite him on the ass....🤔

[@m.woodsrobinson9244]

@@clifffowler2581 I have a feeling that will happen sooner than most people think.

[@clifffowler2581]

@@m.woodsrobinson9244 I believe you might be right...... and no doubt the effects of it will be watered down by the msm.

[@dylnthmsn420]

You people realize capitalism is a fake fiat based currency we tried, it failed to keep greed in check and it's time to move on right? Austerity is a policy choice, because our planet can't keep it afloat at 3+% GDP annually? Wake up people!

[@johnfrank4351]

This was 9 years ago and he ended up being dead wrong, but ok. lol

[@JamesRendek]

I love this guy. Holy shit! 9 years ago.

[@huntera123]

Chillingly prophetic.

[@kamavonender7069]

Imagine watching this in 2021 and agreeing

[@annakryzilinski4748]

"When" is all everyone wants to know. "When" it's happening it is too late to prepare. Better to be (a year) early than (a day) late. Do you take out house insurance after your house has burnt to the ground?

[@yawzerdoink-a-sore-as8159]

That was actually quite funny, “if there is another government in the Universe I doubt they would be as broke as the US” lol

[@anacondaeunectes1854]

I just noticed that! Wow, it's still pertinent.

[@IamDoogy]

In the history of the world, there has never been a country as BROKE as America is.

[@abelmindead9462]

except for like... 3rd world countries all over the planet but yeah i feel you lol

[@IamDoogy]

@@abelmindead9462 I can't argue with an economic genius like you.

[@sebas8225]

America is as Broke as it's Woke.

[@sebas8225]

@@abelmindead9462 3rd world countries with more potential than America though.

[@funsizedi88]

Rome, this is one of the main reasons Rome fell. They debased their currency.

[@dagwoodsingleton6202]

Give out more bigger and better subprime subprime loans, to people who can’t afford them.

[@leesanders1619]

This video is as relevant today as it was 8 years ago!

[@calebfast8088]

Amazing video, really shows one of the many risks of "groupthink".

[@Vickers2303]

GREAT VIDEO PETER!!!

[@dogzer]

You are correct! And it's still great 8 years later!

[@revo1974]

Terrible video. I made a ton of money in the stock market the past 8 years.

[@joshnalder5011]

Seems more relevant today that ever. Buy gold

[@ScuffyMelbourne]

I think it’s too late in the game to find any physical gold or silver. It was getting scarce a year ago with 1-2 month waiting times after paying up front..

[@cassandras7399]

@@ScuffyMelbourne google ‘bullion dealer’

[@perkelin]

@dylans65amg LOL Gold is finite and real money. You can create as many crypto as you want and it doesn't any intrinsic value.

[@perkelin]

@Isabel Livieva If people started using crypto in day to day transactions why not use ethereum o other crypto?

[@STELLASCUTENESS]

@Isabel Livieva Gold is worthless. It has zero utility. At least silver has utility. But in a crash, the rush to liquidity sells everything.

[@iamanempoweredone6064]

Even a broken clock is right twice a day. After nine years???

[@danieljohnson2503]

I come back and watch this again and again between new podcasts.

[@mike569112]

Thank you.

[@Smitty1714]

Peter Schiff, your son is one lucky boy. Amazing bed time stories for him!

[@dogzer]

8 years have passed hello

[@russburton4018]

his kid is in bitcoin huge lmfao

[@quockwalker7335]

hey man from the past

[@flyingfisherman100]

Great talk. Milton Freedman was saying this in the 1970's. Most of these profectic lecturers come from economists. Every time since Adam Smith these men have been trying to show the sky falling. The do diligence of every man is the only answer. When we look to the world to save us. We become just a pet unable to feed our selves. Learn the world build your awareness make up your mind, be your own person. Read, read, read. It is up to us to scrutinize every power. When we believe without reading for ourselves. We are just as good as the blind being lead by the man with one eye. Great talk. There is soooooo much more out there we all need to keep reading, learning and building our own personal awareness. So we will not relinquish our freedom for so called security.

[@philhubb5885]

Eight years ago Schiff was pointing to the future and here we are.

[@patrickdegrijs]

How can you not love this guy! Thumbs up for Peter :)

[@jasoncollins6377]

Respect to Peter and the gold guys and the logical foundation they speak from is excellent. That said they don’t frame state self interest. If we get off the petro dollar printing circulation then the military ind complex suffers and then so does Wall Street and does American dominance.

[@alfredloomis3177]

I love the way the people talking about the debt problem are the ones who profit from it.

[@kateburley5377]

Oh crap I thought it was More recent posts. I looked at the date and it's so relevant today in 2021.