Great Depression Worse Than 1930s Coming This Year

Peter Schiff and @TheDavidLinReport discuss the financial crisis unfolding and why it's not just an economic recession, but a depression we need to be prepared for. Recorded 4/10/2023
#inflation #economy #banks
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[@Pammulli_]

I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

[@martingiavarini]

most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.

[@hermanramos7092]

The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.

[@Oly_laura]

@@hermanramos7092 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?

[@hermanramos7092]

@@Oly_laura It’s a She actually ,Catherine Morrison Evans, I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.

[@victoriataylor5066]

Thank you I wondered about that ❤

[@BateserJoanne]

Recessions are an inherent aspect of the economic cycle, and the key is to get ready and adapt. I entered the workforce during a downturn in 2008. My initial job out of college was as an aerial acrobat on cruise ships. Presently, I hold the position of VP at a global corporation, own three rental properties, invest in stocks and businesses, operate my own company, and have grown my net worth by $500k in the past four years.

[@Rodxmirixm]

With supervision from an investment advis0r, I diversified my $401k portfolio across various markets, resulting in a net profit of over $850k within just a few months, thanks to high dividend-yielding stocks, ETFs, and bonds.

[@Jason9o669]

How can I get in touch with your advisor? I'm interested in finding a more effective investment strategy for my savings.

[@Rodxmirixm]

My financial advisor is Stacey Lee Decker, a highly qualified expert in portfolio diversification. Research her credentials, she's a valuable resource for financial supervision.

[@AlexanderDanielley]

What I like about Stacey is her willingness to listen, collaborate and educate always. She is impressive indeed.

[@RedEyeification]

Those who don't have pussy,can't adapt.

[@Richardcarlett]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

[@HarrietBemish]

Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.

[@DavidRiggs-dc7jk]

Well I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor, and I've actually made over $120K with their help during this market crash. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.

[@berkrix4312]

@@DavidRiggs-dc7jk That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@DavidRiggs-dc7jk]

@@berkrix4312 My Financial adviser is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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

[@berkrix4312]

@@DavidRiggs-dc7jk Thank you for this tip. It was easy to find your advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@HodgeChris]

It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

[@carssimplified2195]

@@Brilliantrans That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@carssimplified2195]

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

[@Greggsberdard]

A severe recession can actually be a good time to buy things in the markets, as long as you're cautious. It can also lead to volatility, which can create opportunities for short-term buying and selling. This is not financial advice, but it's a time when cash might not be the best option.

[@Greggsberdard]

@Oldcastle & Swan LLC Mind if I ask you to recommend this particular coach you using their service?

[@parrish8386]

@@Greggsberdard Simply by pasting Laurel full name into my browser, her website immediately displayed. You've spared me from doing a lot of tedious research, so thank you.

[@leondonald]

I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this nov. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve

[@philipr1759]

Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.

[@duane_29]

I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.

[@HarrietBemish]

@@duane_29 I’m new to all this, heard 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

[@duane_29]

@@HarrietBemish My coach is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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

[@HarrietBemish]

@@duane_29 Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

[@PhilipMurray251]

This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[@Robertgriffinne]

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.

[@Natalieneptune469]

I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

[@tradekings5433]

The best course of action if you lack mar-ket knowledge is to ask a consultant or invest-ing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@PhilipMurray251]

How can I reach this ad-viser of yours? because I'm seeking for a more effective invest-ment approach on my savings

[@tradekings5433]

I personally work with Deborah Jean Dykstra'''' 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. Show less

[@jessicamoore3093]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@alexyoung3126]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@joesphcu8975]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@lawerencemiller9720]

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

[@kimyoung8414]

@@lawerencemiller9720 Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@lawerencemiller9720]

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

[@CatherineWilson8]

The markets are still unsure if the federal reserve will continue to its plan to raise interest rates until inflation is under control. What is the greatest strategy to take advantage of the current market while I’m still deciding whether to sell my $400k worth of stocks?

[@ritalorrigan]

The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.

[@KevinClarke9]

I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k

[@MarkGrimm8]

How can one get a decent investment advisor? I wouldn’t mind getting in touch with yours. In few years I will retire and my portfolio will definitely need some management.

[@KevinClarke9]

My financial advisor is Dawn Maureen Humphrey.I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio and is exactly what you need right now.

[@MarkGrimm8]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

[@rodrigom1595]

If you look around most US cities the level of poverty is horrible it sure looks like a depression

[@Alex_ADEdge]

This is something that scares me most. Middle and upper class might be ok, but lower class and those already in extreme poverty... add a full blown depression to their situation and it wont be good at all. Lots of people, entire districts or even entire cities could end up in a disastrous situation.

[@MsJenniferinNYC]

Yeah and the local and federal government ain't doing shit about the homelessness crisis across all the major cities. It's obvious the disparity is between those who have and those who do not. People needing to work two full time jobs just to stay afloat!!!

[@rodrigom1595]

@@MsJenniferinNYC America is like any other country in the world but much more expensive

[@Acccountable]

That's what LIBEALISM does.

[@GillerHeston]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

[@rogerwheelers4322]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@joshbarney114]

As for me, I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

[@eloign7147]

@@joshbarney114 Prior to that, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're probably using?

[@joshbarney114]

@@eloign7147 I thoroughly recommend "Colleen Janie Towe", an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.

[@eloign7147]

@@joshbarney114 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.

[@rmack9226]

Lin is a great interviewer. Doesn't talk too much, has no ego problems and doesn't drone on. Just asks solid questions.

[@markminister2599]

I agree. Great job. No need to hear himself talk. Schiff is a genius. The power move is to let Schiff talk.

[@kevpit5044]

I thought he actually didn't understand what he was asking Peter. Jmo

[@RysioACF]

His haircut is pretty strange though.

[@The_Dougie]

I didn't realize he left Kitco

[@888strummer]

@@kevpit5044 David Lin fully understood the conversation and was being subtle in calling Schiff out for his comparisons to the Great Depression. It was Schiff who sounded foolish comparing his prediction of horrible inflation with the Great Depression. During the Great Depression there was NO inflation; the main problem was crippling DEFLATION, where the price of goods kept dropping so businesses made less and less money and kept laying off workers until the unemployment rate was 25%. A bad recession with high inflation is termed stagflation which we had in the 1970's. Schiff needs to get his history comparisons right and David Lin understood this. Schiff is predicting a repeat of the Jimmy Carter days of the mid to late 1970's

[@esther.74]

During a recession, many stocks and assets may be undervalued. I believe now is an ideal time to capitalize on the market for long-term gains, but it wouldn't hurt to know how to make short-term profit. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.

[@Adukwulukman859]

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@talented009]

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.

[@ThomasHeintz]

@@talented009 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@talented009]

You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Elise Marie Terry is my advisor. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself

[@JohnMoore1641]

@@talented009 Thank you for this tip. it was easy to find your investment advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@chris-pj7rk]

Investors have just turned back the clock on the Fed’s tightening campaign and cast aside the Fed fears that ruled them for 15 months. It just gets very daunting to me when I’m sitting there looking at charts and trying to determine if i’m right or wrong! I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any suggestions.

[@jameswood9772]

First of all, You could lose it all and you could win it all. It goes both ways. Secondly, what works for A may not necessarily work for B and you should not be a bandwagon investor. A good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.

[@alexyoung3126]

Facts!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.

[@lawerencemiller9720]

That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the advisor you're using

[@alexyoung3126]

My financial advisor is Lisa Angelique Abel . I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio

[@lawerencemiller9720]

I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds

[@FarawayPrepper]

On my channel I have spoken about these issues. I’m 22 and I’m building a cabin next to a river on 10 acres. People think I’m crazy but I feel that hard times are coming and living away from populated areas is crucial to survive the hard times coming.

[@CoversCave]

Your last video was spot on

[@johnjames5842]

Smart man

[@Red-Bird-October]

Pay no attention to the naysayers. People told us we were crazy too. Now that they’ve seen what we’ve done, I think they’re quietly envious.

[@jxmai7687]

Land is better than gold with lots hidden values.

[@FarawayPrepper]

@gagged_user thanks for the tip 😎

[@CK-ie4hp]

Depression starts when the TV tells the masses. “Americans don’t belive anything unless it’s on tv”

[@marlenepopos12]

Many baby boomers eyes know the media is lying to the population,

[@sang3Eta]

When you hear it on TV, that's when you buy stocks!

[@bobbiecrider6964]

It will never be announced! Predicting the future is never easy. The US takes a bubble bath! The point of no return, Sailing off the edge, the music played and the boom has happened will happen. *Depression are Depressing* The reckoning has occurred often in world history.

[@bobbiecrider6964]

Start over, You decide. Ha

[@rahimmanaf6316]

Spot on

[@tektoniks_architects]

CBDC is the endgame for personal freedom. It's a line we cannot cross, at any cost.

[@robertruschak7083]

Yep 👍🏿 Peter will promote Gold until the end of times 👍🏿

[@heidi22209]

Yes

[@basook6116]

I agree, CBDC has no privacy...

[@pstoneking3418]

That's been their plan since the invent of credit and debit cards. Once the force a cashless society, we're screwed.

[@Anees-]

Look into monero

[@Erikkurilla01]

When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.

[@Lemariecooper]

I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings accounts each month and keep my spending money in a separate account and try to spend as little as possible.

[@jessicasquire]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of a financial market expert

[@patrickbrussels4454]

Yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my investment advisor, *STEPHANIE KOPP MEEKS* she's seen dozens of market cycles over the past decade, and she has a feel for how they move, why they move, and what comes next

[@patrickbrussels4454]

I love her insights and innovative approach to how ETF’s are run. So different from the stale methods of managers I’ve worked with in the past. She will continue to do well and I will continue to listen to her more. You can just put her name on google and you will be directed to her website and drop her your messages.

[@drewpeacock6823]

BUY GOLD

[@rebeccagrahovac5408]

I agree, depression and my grandmothers were children then. On my mom's side her grandma starved because she gave her share too the grandkids. True life story 😢

[@dottiea.2186]

That happened alot

[@abdulsijad2419]

did granny become a skelteton or what man....to be contonued or what.....u told us such a boring half story

[@underated17]

?

[@UltimateBargains]

A recession is 6 months of economic contraction, and a depression is 36 months of recession. The rub is that we must endure the 36 months BEFORE the govt admits, if ever, that we're in a depression. If the govt admits a depression, then it is also conceding that its absolute power over us is only used to benefit itself. *"Economic depressions are a consequence of distortions cranked into the economy by taxes, regulations, and inflation." -- Doug Casey*

[@MelissaR784]

The Government won't admit we're IN a recession and have been since they decided which businesses were "essential", losing over 200,000 businesses.

[@leoross5777]

as long as you have complete scumbags like the ones we have involved in the banking industry, we always will

[@emilybrown2719]

Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.

[@tradekings5433]

Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.

[@Robertgriffinne]

@@tradekings5433 Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@gracesdonny1532]

@@Robertgriffinne my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.

[@Robertgriffinne]

@@gracesdonny1532 I happen to know CHRISTINE MARIE ROCKE. She has been my fin coach since 2018, no major losses has been recorded. Totally recommend her too.

[@gracesdonny1532]

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

[@JuggyGales1977]

I listen to Peter Schiff daily to keep my sanity and hang on to a shred of hope.

[@notreally2406]

And infowars for the hardcore truth

[@Cokie907]

We DESERVE the worst of all depressions, after decades of irresponsible behavior with regard to finance. Do I need to LIST all the fucking shenanigans??? 😲😲

[@davebellamy4867]

Indeed.

[@stevenmccann2891]

Thats EXACTLY why i have a problem with this whole digital money thing. I believe 100% thats where its headed. Raging mad over the whole subject.

[@johnlakey4983]

David Lin and Peter Schiff are a Dream Team.

[@user-uw5nf5lf4b]

Peter is on the ball.We are 6 months away from a depression.

[@trappart9209]

1 more month to go I guess

[@tajnawab]

Peter Schiff is real genius.. Present the whole economic jigsaw in about in one hour .. Respect salaam namaste to Hosts Guests and viewers around the planet and special respect for Peter and how beautifully quote the great Jafferson.

[@kevpit5044]

I personally would have loved it if Peter had won his senate race! One of only two political campaign donations I've made! Thanks Peter!

[@silvias550]

He would never win any political race.The system doesn't need strong, direct, honest, smart people like him.The system needs puppets , if possible old and mentally sick like Brendon

[@brucesimpson8579]

The DS would have dealt with him.

[@sandikennelly1357]

We need economically smart people in our government like Peter and Trump. The dummies in government now are bankrupting America (Americans).

[@incurableromantic4006]

If he'd made any kind of progress - he'd have been immediately smeared by the media as "far-right/ist/phobe/supremacist" blah blah.

[@seesidesummerhouse6112]

No chance a true libertarian gets anywhere near government.

[@Chillaxinmellow]

Peter has no obligation to lie. Corp media takes money for ads & they can’t panic the public because that affects purchasing of goods & services they take ad money from. Peter is free to speak the truth. It can hurt but it’s honest.

[@ellenkh4422]

I can certainly understand why people are predicting a recession. But at the same time, they've been saying it for so long, I don't know when to to take it seriously anymore.

[@lleestimer2547]

no fear, when you have to decide whether to eat or have a place to live, you will know it is here

[@LiberatedMind1]

Because FED kept printing us out of it, delayed it for 14 years. Now they can't anymore.

[@adaptercrash]

That is the recession the cause effect of the 20 to 30 yar olds you can Put yourself to the side

[@dillonc1900]

We've been in a depression since 2020. Economists and talking heads usually don't figure this out until years and years into the depression, towards it's end or after its over and they look back on history.

[@edjonatchick]

Peter, are you able to make a video on what a 1930's great depression would look like in 2023?

[@bign1667]

Fantastic idea 😮...yes please 🙏

[@johnjames5842]

Search for great depression diaries here on KZbin, a British guy made a great video series on it.

[@jude999]

Why? Same deal--no work, government making it worse by getting involved.

[@Countcho]

Worse, because unlike the 1930’s, america is filled with communists

[@888strummer]

The main problems with the great depression was a 25% unemployment rate and deflation. And it was due to the horrible deflation that the Fed promoted a little inflation as being good. Schiff does not expect deflation at all so he should stop with the Great Depression comparisons, which had no inflation. He might be right and this cycle could be a bad recession with inflation, but that defines stagflation. if that's the case then Schiff should be comparing what he sees later in 2023 with the 1970's; not with the Great Depression. From around 1975 to 1981 we had the worst stagflation in our history and that's what Schiff is actually predicting later this year.

[@DudleyDancer]

I have been following this guy since 2006. This guy has been saying the exact same thing for 10 years now! In doing that, i have avoided investing in stock markets and missed the bull run. Depression, dollar devaluation, 10x gold value. Summarising a decade of his interviews. If you say just one thing everyday, even a monkey will be right someday.

[@blablablayahoo]

I was in the markets from 2010-2020 and made a great profit. I was listening to Peter since 2011 and knew he was right simultaneously. You need to listen to multiple people.

[@notice9218]

Peter has the destination, no one knows the path.

[@yingyang1875]

Golds bull run is just starting.

[@thatguybill34]

*Hope you purchased some gold.*

[@yingyang1875]

Gold is still going to have a bull run .. all that money printing hasn't hit gold yet.

[@peterp4753]

Can't be worse than 1930's. In 1930's there wasn't any unemployment benefits or social security benefits.

[@bassgirl_denalia9087]

I truly think you're onto something. The silver lining for the GI generation and Silent Generation was their knowledge of how to grow their own food. Nowadays, most people depend on buying food to get by and know nothing about self sufficiency. That's going to cause something we've never seen before. We have to prepare to adapt and be as self sufficient as possible in these times. Complacency will be our downfall.

[@dangaines405]

Peter, you are so right! I grew up in communist Romania and they penalized people buying food (meat, eggs, milk, vegetables) from farmers and peasants! The government wanted to nationalize all farmland and small homestead land so they control food production and distribution! But the government as administrator failed so we needed up hungry (and lots of people fined and jailed for buying and selling food)…

[@matthewsmith2362]

We’re the citizens, people, public armed tho?? Because I live in Florida and it seems like everyone here is armed. I’m also a big gardener and many in my social circle are. I’m trying to imagine the government telling people they can’t grow a tomato or lettuce. First off I don’t think there would be a law enforcement officer in the whole state that would enforce that. And if they tried to, I don’t have to imagine…I know what they’d be met with. It would surly be a civil war if the government tried to say people can’t grow food to live.

[@spaceindian3769]

​@@matthewsmith2362 you're right after everything goes haywire The UN will be called in And take care of those pesky peasants

[@StockIndexFuturesALGO]

It may take 10 years but eventually, Peter is proven right.

[@heatpete5106]

Right? he said bitcoin was going to zero its going UP UP UP i've made $300,000 USD already since I got into crypto paid for my house lol

[@MRNC]

I THINK CHINA WILL HAVE WORLD RESERVE CURRENCY BEFORE 2030 MAYBE SOONER

[@simonbarrett9568]

​@@heatpete5106 you no we are in a energy crisis so how crypto going to go up if thay need cheap energy. energy is go to the moon it coming you need to look into everything

[@Charzhino]

​@@heatpete5106 stop lying dude, no one here is buying that story

[@dreamfire5210]

It's already been 15 years that he has been predicting this...

[@cloudyblaze7916]

What has always scared me the most about the inflation is that we might go into a recession, and that would greatly affect my portfolio. I have been able to accrue up to $293k in my portfolio, and I'm worried about a possible wipe-out. I lost everything in 2008. I can't take such crash again.

[@stephenpotter21]

Yeah, there is a big potential for a bad recession. I experienced this in 2020 when the COVID pandemic hit, and my portfolio almost crashed. I decided to switch to investing with an advisor. That was how I was able to survive.

[@ericmendels]

Haha. I myself started with $127k just before the pandemic hit. Many people's portfolios tanked, but I rode through with my financial advisor, and even made more than $186k within just five months of starting, and it's been an awesome ride since then. So in uncertain times like this, the best course of action is to use a financial advisor.

[@ericmendels]

In my case Sharon Louise Count has helped me to do that proficiently. I'm not a guru so I don't really have experience in investment strategies. I work and my consultant does the rest.

[@Bigmoney333]

Hopefully it was in all bitcoin 😅

[@charlessavoie2367]

Liquidate everything immediately and place the remaining proceeds into 1964 and earlier common date silver coins. You have been warned, silver and gold will survive when the dollar hits cipher status.

[@sumpunonel262]

Peter is almost 100% correct. The X factor that no one knows is how much bailing out the US gov't will pursue to artificially hold up the markets.

[@kevinyaucheekin1319]

Not a Yank, Singaporean. Given that there a forthcoming new electoral cycle. Expect the higher end of the probable estimated range. However the confounding factor might be House leader Steve Scalise precarious hold on his leadership, given the disproportionate influence the Freedom Cacaus has say on new Federal or even pre authorised expenditure. This should be a unresolvable roadblock of a issue, however Secretary Yellen & Chair Powell seems to find thus far unchallenged (by Congress probably because their reticent in sholdering any responsibility for the failure as & when it occurs) highly creative (as in possible ultra vires) work arounds their circumventing of the powers of the House to control the purse. They Chair Powell & Secretary Yellen appears to have de facto spend thus far some 300 billion USD on a probable ultra vires, specfically not authorised by Congress bail out of the banking system. It was unauthorised, there were however time critical, exigent circumstances, it arguably necessary, mayhaps a imperative but was it legitimate quite probably not, mayhaps criminal. Did it prevent at least for now, a immement meltdown of the banking & thus financial system. Yes, but it was illegal & at best in the overall scheme just papering over the fault lines prior to a inevitable collapse. It will probably not be the US gov who will authorise the spending to bail out the economy. There now a legislative logjam & it's very difficult to get new ir any suspect spending pass certain elements of the Rep House. It will be ad hoc decisions made by a cabal headed jointly by Chair Powell & Secretary Yellen, that highly suspect as to their legislaive authority if any or to any proper procedural process, to be determined & establish by loose cabal who will make up/interpret legislative authority on the fly to do whatever they deem necessary (as to authorising authority to do the necessary Brrr) to save the system, headed by Powell & Yellen. They will be the drivers of the size, speed & scale if the pivot/QE that the will try to use to save the American Economy. Biden WH will stay aloof & try to lay the blame if it fails spectacularly on Powell & the House GOP & on the remote possibility that it be sucessful lay claim to it. The bail out of the US economy & its resulting fallout should it fail badly as in taking down the international reserve status of the USD & T bills/notes & bonds. It's a hot potato that Scranton Joe ain't going to try to resuce, for it likely that any measures to address it will lead to pain & tears, that iminical to his & the DNC electoral performance. It's a reasonable expectation that 2024 electoral cycle considerations that will drive the decisions to intervene to save or bail out the US economy. Expect the USD international reserve status to take the necessary hits/sacrifice to try do a folorn hope/last hurrah to try save the US economy. As Secretary John B. Conally 1971 Treasury said, " its our currency, but your Problem". Capiche Y'All

[@ZM-dm3jg]

The real X factor is AI, which is going to disrupt our economies in ways never before seen over the next 12-24 months

[@jerrytheluckyman]

How long can the Fed print money? The Fed would have continued to print money had the inflation stayed low.

[@seedwesow]

The dollar is finished. No use printing dollars after it goes to zero.

[@papertrader3269]

They will print as much as they need to as slow as they need to

[@jetplane10]

Good to see David doing his own show 🙂

[@SSNESS]

Won Weason

[@jeffreydjayasaputra-bayouc5991]

tricky tricky, this david guy

[@Heartadia]

Not mistakes - on purpose. And the ones making the policies - they aren't suffering. The are enriching themselves to the max.

[@DjmMik]

Congratulations on your new channel David! You have been “hitting it out of the park” with your interviews of excellent guests!!

[@selaconte]

We are in Recession since May 2022...Now we just waiting how bad is the Depression

[@adivorceddaddiary]

I have nothing, except... Hundreds of thousands in student loan debt from graduate school and an utterly disabled son who will never be able to provide for himself. I am terrified.

[@heidi22209]

Good news, you are not alone. Bad news, you are not alone. I feel you deeply. There are going to be hard choices. FEMS. food, energy, medical, safty. PrepperNow is a good news source. Come check him out. Nighty news.. We are screwed. I'd focus on the tangible items. Idk?

[@AnthonyTolhurst-dw1nc]

Thanks. Been saying this for anyone listening for years

[@waynetodd3620]

People will figure it's out when all they see is "OUT OF STOCK", no gold coins, no silver coins, no freeze dried foods (Food is Money), no other preps, no ATM's. That's when people will be figuring this out...when it's too late.

[@AustinKoleCarlisle]

yeah, the price of physical won't change much, but you'll see premiums climb, eventually surpassing the physical price.

[@StCP42]

Love this guy! Thanks for this Convo, great stuff!!

[@MRNC]

THANKS PETER YOU NAILED IT YEARS AGO HERE WE ARE ITS A DEPRESSION THE GREATEST DEPRESSION. IDE SAY ASSETS WILL BE 1 CENT ON THE DOLLAR AT THE CRASH

[@williamwallberg9796]

Peter Schiff is always good for a laugh when I feel bored.

[@stopandthinkaboutit8636]

Chew On This... Your money is your private property. True? Hence how can the government be involved in your private property without infringing on your rights?

[@AustinKoleCarlisle]

this is exactly why the 16th amendment is unconstitutional and should have never been passed.

[@life5161]

Peter Schiff always bringing us that news to warm the soul and bring the happiness

[@life5161]

I do appreciate his honesty though. It's by listening to people like him I understand severe pain and hardship maybe coming to many. I hope we ALL live Happily ever after but definitely not counting on that. Our World is an Absolute Circus 🎪

[@OmegaTou]

We can call this one "The Greater Depression," and in another 90 years we can call that one, "The Greatest Depression." Politicians NEVER learn.

[@robichard]

Love your comment. So true.

[@daebak7370]

That would insinuate politicians are actually trying to help the situation.

[@ugiustuskeiserus8066]

We won't make it another 90 years

[@OmegaTou]

@@ugiustuskeiserus8066 I disagree. Humans are extremely adaptable.

[@astonesthrow]

Nope, you stupid voters never learn. You're causing it all with your consent.

[@TennesseeZee]

Thx for that video Sir and all your others. 🙏

[@Eddie-rm4xc]

Look at Italy? When you purchase a product taxes are immediately take it out, for instance, if you return the product, they will not return the tax to you

[@matero314]

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin

[@CryptoCryoto]

Gold and silver never looked better then this year. They can’t keep metals low forever.

[@OffTheBeatenPath_]

Peter's been saying that for 15 years

[@CryptoCryoto]

@@OffTheBeatenPath_ I don’t care what he says or not 2008 went from around $400 to $1200 then around 2018 went to $1800. Numbers speaks for themselves

[@martinmerrill5366]

​@@CryptoCryoto only thing that doesn't lie is the numbers! The rest bullshit

[@1realtruthrightnow742]

Peter says this stuff every 6 months for the last 10 years. However, for some reason I agree with him on this one. Got a real bad feeling.

[@chrisschene8301]

Schiff has been singing the same story for 25 years. He'll be right eventually. I tell my grandchildren my white socks will be back in style some day.

[@trazzpalmer3199]

According to Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto, "there's more and more of a worry that incoming data is suggesting that the Fed might be a little bit behind the curve than maybe they expected moving into this year." I'm noticing more red than green in my portfolio. How are other participants in this market making over $350,000 in gains in just a few months?

[@graceocean8323]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire

[@hannahdonald9071]

@@graceocean8323 I've been talking to a coach named Maria Juliana Ramirez for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

[@mcginnnavraj4201]

@@hannahdonald9071 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?

[@hannahdonald9071]

@@mcginnnavraj4201 It's run by Maria Juliana Ramirez, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.

[@tampabayrodeo2474]

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.

[@tusk1375]

The coming crisis will make the 'Great Depression' look like a gilded age...

[@Michael.j130]

You don’t know jack shit

[@gtavgamer670]

when coming crisis comes ?

[@Rizky06]

Let's see what security remains in Puerto Rico if we go into a Depression.

[@spaceindian3769]

​@@gtavgamer670 it's called the totalitarian tiptoe

[@607shon]

Have you ever saw pictures of people during the Great Depression? I’m promise I won’t let the economy stop me from getting my daily protein needs. Deer & hogs are plentiful in my region. 😊

[@sunnylandoilfoodinternat-of6kd]

Hi Peter, l’ve always enjoyed your insights and visions! Thank you. Tom

[@ainschuntayleuhn1147]

I f my home lost 40% I would hand the Bank the Keys and walk away.

[@Aceshooting]

If Fed representatives have to keep coming on TV to tell people "The market is Strong, Stable, and Resilient...", then it absolutely isn't any of those things. Banks starting to offer 40-year mortgages on new homes while dealerships are offering 84 month car notes. A Clapton of those office towers are fixing to be converted to residential apartments looking like Karl Urban's Judge Dredd.

[@johnjames5842]

Any office building built in the last 40 yrs can not be converted into residential, they have done studies on this ,it can't be done , anyone saying this is pumping copium gov propaganda.

[@coltburks5450]

Oh yes...the beginning of megacities

[@RichardHarlos]

R.G., in order for few in number to 'govern' (i.e., 'control') the many, they must rely on propaganda to 'influence' the public mind. That's why mainstream keeps reapeating itself: some of us see through the facade, but most will just drink the cool-aid and do as they're told. I have to occasionally remind myself that the 'news' isn't news: it's propaganda aimed at keeping the public compliant.

[@personofearth5076]

It will be worse than the great depression because in the days of the great depression people helped each other but now people are greedy and selfish and stingy. Plus no one these days even knows how to grow food, there are only a handful around us who take any of this seriously. Most will not make it this time around.

[@jmr9735]

12:50-ish "It doesn't happen overnight." I don't know. I was just reading a comment by someone from Argentina, I believe it was, and they said everything was "normal," and then they woke up and it wasn't.

[@ricardorivera2047]

Give this man his flowers. He's part of the 1% but wants to help the 99% with great advice and honest predictions that have all been true. Bless you sir.

[@randallkohn6089]

He’s not in the 1% though. 1% ers are not on TV and You Tube.

[@silvias550]

Peter is the best when explaining financials. And it's good he is becoming calmer, as sometimes I couldn't listenbto all interview because hecwas kind of shouting all time.I think he was mad at the bad situation of the economy

[@patriciaburch6471]

My contract 🏡 I purchased in 2007. I still pay 9.25 interest. I still have 15k left to pay. Wish I could pay it off. I’m waiting this month with my sister to see what FedEx offers severance at the meeting this month for many to retire and others resign

[@erneumann3136]

Good job, Peter.

[@stanislavfrul6339]

The real question is: is there going to be a an armed conflict as a result of depression?

[@heidi22209]

Haiti is a nice place to visit..

[@undergroundmetals498]

You guys are on point, wish I was able to follow your advice more but will keep moving forward 😊

[@youwebz]

WTF you on about?

[@richditlevsen4225]

Unfortunately I completely agree WAKE UP AMERICA

[@gioxpfr]

Thanks!

[@critter4662]

This is exactly why I’ve learned to survive without the government. Hunting, growing and raising my food, living off the grid, toughening myself up with being ok without certain luxuries.

[@EmilyGloeggler7984]

That doesn’t always work for everyone.

[@dorissteve912]

The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning "KATRINA VANRENSUM ". This prompted me to get in touch with her, and from August 2022 till now we have been working together, and I can now boast of $540,000 in my trading portfolio.

[@yuikiyoshi1248]

That's right, getting in touch with a consultant during the pandemic was how I was able to scale through the crazy stock downtrend.

[@jamesmaduabuchi6100]

That's massive. Can you please connect me with your personal broker, I would love to work with her

[@dorissteve912]

Like I said earlier , her name is KATRINA VANRENSUM

[@dorissteve912]

you can reach her via her website.Just run a search on her name, and you would see all you need.

[@jamesmaduabuchi6100]

Thanks for the info , found her website and it really impressive

[@andrewcrean8526]

David is a great and very personable interviewer

[@barnabusdoyle4930]

I love how all economists will tell you that inflation is an expansion of the money supply. That’s not the definition of inflation. Inflation is prices going up, that is it. There are hundreds of reasons why prices go up, increasing the money supply is one reason but not THE reason.

[@BufordPusser582]

Great interview Peter!

[@Renould2010]

Always great Data, From Peter Schiff, and, Also great interviewer from Mr. Lin, We Just need to save more., This year., 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🙏🙏🙏🙏🙏👑💎👑💎🤍., Blessings and, Gods Favor.

[@seannotaro473]

Good for David Lin....stepping out of the shadows of Kitco

[@MrGirish01]

I remember an ad for wrigleys gum. Americas railroads who needs them. We all do because without them a penny gum may not be a penny anymore.

[@gary4wood]

After all the money printing for a decade who actually has all this money? Foreigners? Banks? Wall St? Billionaires? Where’s it gone ???

[@davebellamy4867]

Hey it's Dave Lin with a new hairstyle! Missed him on Kitco.

[@beatrixkiddo5]

I'm on a fixed income (heart thing) I still have been able to prepare. Please, if you haven't already, get a heat source, water source, food for at least 6 months, electricity source, Tampons and barter items. Due to being poor I chose to stack silver. I did take warnings early so I started a few years ago. The most valued thing I'm missing is a strong community. Please if you love your family prepare for the worst pray for the best.... When the sleepers come begging 2 choices barter hard (half cup rice for their propane grill) or run them off, be careful they don't return in numbers. I'll eat em if I gotta but Eww all those chemicals 😂... Jk... Seriously tho I am technically the poor. Think like jail and how creative they can be with ramen. Get yourself a 🔫🐕‍🦺📸 too! Peace and safety may the odds be ever in your favor 🩶🕊️ Edit* Personally I'm poor but I do have a husband that's hard working (he doesn't believe me) and great older parents which has helped.

[@jenniferraymond3913]

No one wants to believe that these times are coming but they are. I am happy to see that you are prepared. I am prepared also but can never really be completely ready.

[@beatrixkiddo5]

​@@jenniferraymond3913 Thank you, that's exactly what I'm trying to say! Regardless income, prepare like it's a monthly bill. I'm as prepared as I can be but I'm sure I'm missing things. Not many believe me either. I may be physically prepped but my mental fitness is what I'm scared of. I'm praying I'm tough enough to get through it with my 6yo. Thank you for commenting it gave me some mental validation that I've not been wasting time and money to prepare. You're very sweet. Blessings and be safe🕊️ And I guess we buckle up and go for one heck of a ride. 🙈

[@beatrixkiddo5]

​@@jenniferraymond3913 if you think of anything I may need please let me know🩶🩶

[@schleppyzee2931]

Many Canadians are millionaires now, due to housing prices. PM says it's good to use a credit card to invest. literally...

[@levin8743]

Lovely stuff Lin and Peter, really good info

[@whirloffire]

I've said since the 1990s that a service economy is destined to serve

[@rexharrisen5387]

Kudoo's. You are on top of this. Thank you.

[@magdelenedomut1433]

Tell it ! As it is,well said we all on this Rollercoaster at the end.Time well tell.True!Peter on your comments it's for real in your perceptive why things are the way it is.Thank you.

[@dragasan]

You're the best, Peter, thank you.

[@bags03111111]

Thank you Peter.

[@Ryan-zj7vr]

I agree the bubble will pop, but one of the biggest problems in the great depression is that banks were not FDIC insured for customers.

[@davidkrempasky7086]

Here comes the pain!

[@learnerm3120]

Can you imagine if America had one million people with the intelligence of Peter Schiff as opposed to having 10s of millions of people with the intelligence of Joe Biden and Kamala Harris?

[@mcejn8524]

Imagination wont be a word then

[@robertsypula7912]

Peter Schiff THE GOLD SALESMAN!!!!!GOLD SALESMAN !!!

[@rosemarybaker4403]

How fo I spend my gold nuggets at the grocery store?

[@watchman001]

walmart needs a self checkout that accepts gold. you can shave your nugget onto the scale to pay for your goods

[@foreverfocusedd2750]

Gold is always valuable. Can even turn into bullets. If you like space they need gold for space. Your phone has gold in it. Gold > Fiat

[@foreverfocusedd2750]

​​@@watchman001 when you have gold you don't have to waste your time at grocery store at all. You can buy whole elks by exchanging nuggets with a hunter. You wouldn't know anything about that in your momma's basement.

[@watchman001]

@@foreverfocusedd2750 have you seen the future?

[@annlong1426]

Smart people listen to Peter Schiff… and then act!

[@mjohn5921]

According to the IMF 11th of April world economic outlook report, Peter's claim has some merit as for the first time the IMF is alluding to some kind of depression by stating the possibility of a hard landing and at least a 5 year period of slow growth globally.

[@mehditaba6303]

Highly educational.

[@thechicantique4567]

50K new government jobs!? Unreal. That was the nail in the ⚰️! Get ready folks.

[@infotretenido3656]

Good job Lin!