Household Debt Highest In Nation’s History

  Рет қаралды 74,601

Peter Schiff

Peter Schiff

Күн бұрын

Пікірлер: 356
@tatianastarcic
@tatianastarcic 5 ай бұрын
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@CraigLloyd-fz6ns
@CraigLloyd-fz6ns 5 ай бұрын
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?
@bernadofelix
@bernadofelix 5 ай бұрын
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@HectorWhitney
@HectorWhitney 5 ай бұрын
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@bernadofelix
@bernadofelix 5 ай бұрын
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
@RaymondKeen.
@RaymondKeen. 4 ай бұрын
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
@HodgeChris
@HodgeChris 9 ай бұрын
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
@Pamela.jess.245
@Pamela.jess.245 9 ай бұрын
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
@Pamela.jess.245
@Pamela.jess.245 9 ай бұрын
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.
@nicolasbenson009
@nicolasbenson009 9 ай бұрын
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
@ScottKindle-bk3hx
@ScottKindle-bk3hx 9 ай бұрын
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
@Derawhitney
@Derawhitney 9 ай бұрын
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
@PaulKatrina.
@PaulKatrina. 9 ай бұрын
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
@SandraDave.
@SandraDave. 9 ай бұрын
this is all new to me, where do I find a fiduciary, can you recommend any?
@PaulKatrina.
@PaulKatrina. 9 ай бұрын
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Margaret Johnson Arndt for the last five years or so, and her returns have been pretty much amazing.
@ryaj2356
@ryaj2356 9 ай бұрын
How the government calculates inflation should be illegal. Let’s ignore food, utilities, transportation and even housing prices and then say that’s inflation hahah.
@gregcapella5941
@gregcapella5941 9 ай бұрын
WHEN THE SCHIFF HITS THE FAN,,,,PETER RULES !!!!
@MrPathorock
@MrPathorock 9 ай бұрын
Nothing surprise. This is called debt economy, happened in Rome.
@Ofelas1
@Ofelas1 9 ай бұрын
Government knows the currency will die and debt will not be repaid, so they spend and do not care
@paulbunyan9436
@paulbunyan9436 9 ай бұрын
Peter, we have a machine that spits out green pieces of paper...Nothing to worry about...
@dustinmiller2775
@dustinmiller2775 9 ай бұрын
That's cotton, actually. 🙃👎
@mwase7782
@mwase7782 9 ай бұрын
dude, money generated/printed without productivity is what increases inflation. The 2022 & 2023 inflation increase is literally caused by printing money in 2020 when people received checks without productivity creating value in the market.
@baysiide538
@baysiide538 9 ай бұрын
@@mwase7782obviously. it’s called sarcasm
@NIPSZ
@NIPSZ 9 ай бұрын
The higher the debt, the higher the stock market must go
@mattmatt6572
@mattmatt6572 9 ай бұрын
Stock deffinately not kept up with bidenflation. I've only done ok on them because my employer matches my 401k
@walden6272
@walden6272 9 ай бұрын
@@mattmatt6572 It's because you picked the wrong stocks. If you had pick AI related tech stocks, you would have triple your money now.
@mattmatt6572
@mattmatt6572 9 ай бұрын
​@@walden6272uh right cause people with 401k choose their own stocks lol
@walden6272
@walden6272 9 ай бұрын
@@mattmatt6572 We were talking about the stock market, not your 401k.
@DorJinTan
@DorJinTan 9 ай бұрын
Debt is money. Slavery is freedom. 1984.
@4evertrue830
@4evertrue830 9 ай бұрын
No, that can't be right. Is money not capitalism and is capitalism not freedom that western countries have been forcing on other countries for decades? You have to be wrong bruh. 😏🤭
@johndewever1322
@johndewever1322 9 ай бұрын
The worse the news the higher the market goes - makes sense 😜
@lawerencemiller9720
@lawerencemiller9720 9 ай бұрын
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
@alexyoung3126
@alexyoung3126 9 ай бұрын
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
@johnlennon232
@johnlennon232 9 ай бұрын
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@jessicamoore3093
@jessicamoore3093 9 ай бұрын
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
@johnlennon232
@johnlennon232 9 ай бұрын
Lisa Angelique Abel is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@jessicamoore3093
@jessicamoore3093 9 ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@franktuccillo6097
@franktuccillo6097 9 ай бұрын
Great guest have him on more often
@johndewever1322
@johndewever1322 9 ай бұрын
Peter is a genius
@mrjuvy49
@mrjuvy49 9 ай бұрын
People are using CC debt to keep; "Up with the Jonses', they feel entitled to goods that they really cannot afford.
@QuilishWammy
@QuilishWammy 9 ай бұрын
@@johndewever1322 99% of his predictions for the past 15 years have been wrong 🤣🤣 He's not a genius.
@MrMustangMan
@MrMustangMan 9 ай бұрын
Peter was right AGAIN.!!!!!!!!!! thanks for keeping it real even if it is real scary.....
@QuilishWammy
@QuilishWammy 9 ай бұрын
He is 'right' how ? He has been whining for years that a 'collapse' is coming. But, nothing has happened ;)
@jefferywilbert01
@jefferywilbert01 9 ай бұрын
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@valeriamason1
@valeriamason1 9 ай бұрын
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@jefferywilbert01
@jefferywilbert01 9 ай бұрын
That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@valeriamason1
@valeriamason1 9 ай бұрын
My advisor is Helena Crouse
@valeriamason1
@valeriamason1 9 ай бұрын
She’s active on
@valeriamason1
@valeriamason1 9 ай бұрын
TELE
@lockejr
@lockejr 9 ай бұрын
Whenever I hear people start talking about political parties I never take their views seriously.
@Esperia-ef9xh
@Esperia-ef9xh 9 ай бұрын
IM BROKE 😢😢
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 9 ай бұрын
Welcome to the club 🎉
@jamesgray8712
@jamesgray8712 9 ай бұрын
Always good to see you and Dan together. OAN clearly the most truthful and honest news source out there ..
@webcomber
@webcomber 9 ай бұрын
Love Peter Schiff!! We have to remember the Peter was the FIRST to call out the Bitcoin scam will over 10 years ago! Peter was RIGHT AGAIN as we monitor the dead count bounce, and golds ascension to the stars.
@tabasco-jf7eb
@tabasco-jf7eb 9 ай бұрын
Peter for CHIEF ECONOMIST 2024 🇺🇸
@bobleib737
@bobleib737 9 ай бұрын
This guy has got to keep his mouth shut and let Shiff talk.
@bcamk
@bcamk 9 ай бұрын
Yep, he is one of the reasons that I unsubscribed from Real News.
@SSNESS
@SSNESS 9 ай бұрын
Peter Schiff is my biggest fan
@frankannis890
@frankannis890 9 ай бұрын
Thank you Peter Shiff for speaking the truth.
@ytfeverguy8367
@ytfeverguy8367 9 ай бұрын
The rich have all the assets (rising stocks), the working class (middle) has all the debt (high interest cc). The poor have tents and soup kitchens. All is fine.
@Inluvme
@Inluvme 9 ай бұрын
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are headed for inflation,it is always the poor who take the hit.
@LufkinAmaro
@LufkinAmaro 9 ай бұрын
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Caroline. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
@Laughbaum
@Laughbaum 9 ай бұрын
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
@LufkinAmaro
@LufkinAmaro 9 ай бұрын
Thanks to Mrs Carolina Maria Bravo
@LufkinAmaro
@LufkinAmaro 9 ай бұрын
She's a licensed broker here in the states.
@Welliarm
@Welliarm 9 ай бұрын
Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
@alexandermiller6583
@alexandermiller6583 9 ай бұрын
I am so glad that is being broadcasted. People really need to hear this side of things so innocent people don’t get taken advantage of
@thenaturechannel_
@thenaturechannel_ 9 ай бұрын
Elections in less than 10 months. Who is going to pay for the heavy inflation
@eng3d
@eng3d 9 ай бұрын
we
@randyosborne3971
@randyosborne3971 9 ай бұрын
Congress is or sale. On the take. BOTH PARTIES.
@MarvishaN
@MarvishaN 9 ай бұрын
This is intentional; this is how they'll take over your assets. People should withdraw as much as they can from their 401(k), since the entire amount is at risk. I already have thousands of dollars disappearing from my 401k. My primary concern is where to invest and increase the $449k that I have left without taking any risks. I'm here for ideas🙏
@tommyers0
@tommyers0 9 ай бұрын
I may unable to offer personalized investment guidance for your 401k. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.
@georgeh.5126
@georgeh.5126 9 ай бұрын
Agreed, I’ve been investing in the stock market for 11 years now, last 5 years with the help of a financial planner apparently due to the covid-19 pandemic crash. Throughout these years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1m roi as of today.
@georgeh.5126
@georgeh.5126 9 ай бұрын
She's known as a 'HEATHER LEE LARIONI'. So easy and compassionate Lady. You should take a look at her work.
@irishscott1
@irishscott1 9 ай бұрын
I love how you have to brag about how much you have-so pathetic.
@debbi945
@debbi945 9 ай бұрын
Read the free book The Great Taking by David Rogers Webb. You do not own any of your stocks and shares. If you have investments with debt attached you are in trouble. You already own nothing just as KS stated
@yolantasmith5630
@yolantasmith5630 9 ай бұрын
Everything is going great for whom Millionaire billionaires of Cours it is great for them but not for hard-working people
@venom_lowrider
@venom_lowrider 9 ай бұрын
Peter has been constantly wrong about bitcoin. Yet the only reason anyone knows about him is because of his views on bitcoin. 😂 Between his insolvent bank and lackluster gold predictions (none of which have come true) I have no idea why anyone listens to him.
@johnross5909
@johnross5909 9 ай бұрын
$65.3 billion foreign aid? That's enough to give every American $32.5 million.
@danlee6997
@danlee6997 9 ай бұрын
How many millions of dollars has been lost because of people listening to peters advice.
@sandyadams1970
@sandyadams1970 9 ай бұрын
No money, totally broke and they want to support Ukraine war effort.
@TimezUp23
@TimezUp23 9 ай бұрын
It’s the border too
@kwell2307
@kwell2307 9 ай бұрын
When inflation first began, I got rid of my Amex card very quickly. Paid it, closed it. Have been living within my means. I dont do 401ks. I do my own investments. I dont have as much as Id like, but its enough to stay stable for now. Always paying ahead on mortgage too.
@decabeatzHealthWellness
@decabeatzHealthWellness 9 ай бұрын
We cant forget how 1.56 trillion in credit card debt Which has doubled in less than 10 years.
@metalstamping
@metalstamping 9 ай бұрын
1st class country, 1st class debt
@shanebraund9987
@shanebraund9987 9 ай бұрын
Blows my mind more and more people here in Australia are driving large people movers. All bought on debt?
@digger105337
@digger105337 9 ай бұрын
Has anyone calculated the cost to the Government of all these people who don't have full-time work with health insurance? Part-time and low wage jobs rarely provide benefits, so Medicaid usually ends up covering them. No wonder why their asking for more money for Medicaid???
@mattmatt6572
@mattmatt6572 9 ай бұрын
Sucks living in the csa this country had fallen into to the community trap at least 80 years ago.
@mattmatt6572
@mattmatt6572 9 ай бұрын
​@@handlehandleton yeah and the Healthcare my job does supply you better hope you never need to use it. Only thing it is good for is if a guy gets big problems that cost 50 or 100k plus it might keep me from going bankrupt. The deductible is so hight it isn't good for stuff that I would normally go to a doctor for.
@umbro12
@umbro12 9 ай бұрын
How much for politicians wages all the public servants, all military forces, and the rest of government freeloaders, cost America
@mattmatt6572
@mattmatt6572 9 ай бұрын
@@umbro12 at this point I think it safe to say their or more people taking dollar from the government then there are people who pay in. You are welcome freeloader. I need to work two jobs to pay for those who take their living from the gov!
@umbro12
@umbro12 9 ай бұрын
@@mattmatt6572 join the army
@johndewever1322
@johndewever1322 9 ай бұрын
Yellen is a Biden puppet - that’s a worry; Biden pulling Yellen’s strings - surprised he could even find the string
@tabo01
@tabo01 9 ай бұрын
Been on the job 10 years, and doing a good job. Inflation down
@worldlife9834
@worldlife9834 9 ай бұрын
95 billion dollars to other countries meanwhile states need billions investment.
@JimmyHat-k4t
@JimmyHat-k4t 9 ай бұрын
Peter Schiff is a Historical Monument
@monicamarkuson746
@monicamarkuson746 9 ай бұрын
You’re one smart guy. I enjoy listening to your KZbin videos.
@MakeamericaGreatagain-h7j
@MakeamericaGreatagain-h7j 9 ай бұрын
I am actively searching for ways to invest/diversify my $800k portfolio so it can dramatically increase in folds throughout this next bull run.
@Damncars456
@Damncars456 9 ай бұрын
While the overall stock market is predicted to be bullish, it remains uncertain which sectors will dominate. If you lack expert advice from a financial advisor, avoid re-balancing. Personally, I work with an advisor and my $1.2M portfolio saw a 30% annualized gain in 2023.
@Damncars456
@Damncars456 9 ай бұрын
NICOLE DESIREE SIMON is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@PhoenixReborn-v6v
@PhoenixReborn-v6v 9 ай бұрын
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@mrjuvy49
@mrjuvy49 9 ай бұрын
Simple, put half in the S&P and the other half into BRKB, and rebalance in 3 years or so. The market will boom while Joe gets reelected, go blue!
@starboyamerican
@starboyamerican 9 ай бұрын
Try A gold Ira you can't go wrong with gold. It's alot more secure
@walkerb1734
@walkerb1734 9 ай бұрын
People….QUIT SPENDING MONEY YOU DON’T HAVE!!!! Be responsible FFS
@itsonelouder1
@itsonelouder1 9 ай бұрын
Peter, talk about the half trillion (506 billion) increase in monetary base since February, of which 470 billion is attributable to the creation of bank reserves. This is QE by the back door. I would post a link to the article but youtube won't let me.
@AdrianButler86
@AdrianButler86 9 ай бұрын
Wow!! Show us please
@michaelfreedom.1966
@michaelfreedom.1966 9 ай бұрын
Bidens popularity = FJB & Let's Go Brandon.
@mrjuvy49
@mrjuvy49 9 ай бұрын
After today DT is broke, order the XLLL orange jumpsuit for this summer.
@granth9542
@granth9542 9 ай бұрын
Had you done exactly the opposite of everything he’s said the last 15 years you wouldn’t need a job. You’d be very well off.
@davefouquette4192
@davefouquette4192 9 ай бұрын
He's stating facts about the economy, jobs numbers, inflation, etc. Not sure what you mean.
@bmw803
@bmw803 9 ай бұрын
Obviously, but the trick is to get out on time and not stay at the poker table too long.
@venom_lowrider
@venom_lowrider 9 ай бұрын
Agreed. Feel bad for the clients who entrusted their money to him 😂
@davefouquette4192
@davefouquette4192 9 ай бұрын
@@venom_lowrider He predicted the 2008 sub prime melt down long before it happened. Those who listened didn’t end up losing everything. So there’s that.
@venom_lowrider
@venom_lowrider 9 ай бұрын
@davefouquette4192 he also predicted we would be at a 5k gold price years ago, so there is that 😂 Face it, he has a losing track record. An an insolvent Puerto Rican bank to boot 🤣 As for 2008, his ideological buddy Dr.Doom, aka Nouriel Roubini, also predicted a crash. Together, they have predicted like 12 bear markets in the last two decades 😂 A broken clock is right 2x a day. Eventually, markets go down, and guys like him come out to say, "I told you so," despite being wrong 9/10 times. You know what hasn't gone down? Bitcoin. Despite Oracle Pete over here saying it would have collapsed to zero by now. 😂
@chrislovell7448
@chrislovell7448 9 ай бұрын
Yellen is a James Bond villain.
@AnthonyJones-gf6yv
@AnthonyJones-gf6yv 9 ай бұрын
That network is unwatchable
@edwardnaclerio7690
@edwardnaclerio7690 9 ай бұрын
Peter if debt is crushing this country , when is the braking point ? Are people defaulting at a rate where the financial markets will crash and the lines at bankruptcy court will be around the block
@edwardnaclerio7690
@edwardnaclerio7690 9 ай бұрын
breaking
@sadcubicle
@sadcubicle 9 ай бұрын
Without watching the video, saying highest in history and then using the nominal amount is useless. Inflation is a thing.
@jonathanlee5185
@jonathanlee5185 9 ай бұрын
👍Thanks, Peter. 👍
@off-roadingexplained8417
@off-roadingexplained8417 9 ай бұрын
I totally agree that rates are prices. They might as well be prices when it's all purchased with debt .
@sensenisok
@sensenisok 9 ай бұрын
This host is beneath your level of expertise. He acts like a newscaster from SNL. You can tell it's a fake over acted interview.
@theinflationsituation8870
@theinflationsituation8870 9 ай бұрын
Dan Ball, my man!
@kb9gkc
@kb9gkc 9 ай бұрын
The National Debt will go up 3.5 Trillion over the next 12 months! Prepare yourselves and your family!
@darryllandry9904
@darryllandry9904 9 ай бұрын
Govt owes twice as much. I think we can outlast them.
@williamholloway5789
@williamholloway5789 9 ай бұрын
Don’t forget the obligation of 130 trillion the IOUs that’s owed for future social security Medicare Medicaid
@MrMustangMan
@MrMustangMan 9 ай бұрын
some say that number is 200 trillion now..... [unfunded liabilities]
@Plow-b1x
@Plow-b1x 9 ай бұрын
Debt is a price all will pay but the most miserable will be those who pretend to be in charge.
@jeffdorris5321
@jeffdorris5321 9 ай бұрын
I been saying the same thing about the jobs report. Just more people having to work a second job to make ends meet.
@beaubiden9293
@beaubiden9293 9 ай бұрын
Let’s go Brandon!
@jackjohnson9449
@jackjohnson9449 9 ай бұрын
Peter Schiff is a National Treasure, same as his father.
@povarful
@povarful 9 ай бұрын
Recessions all over the place in the world, next depression!
@Hdc2390
@Hdc2390 9 ай бұрын
Silent depression
@clintonmatthews1507
@clintonmatthews1507 9 ай бұрын
It’s because they gave people money they knew couldn’t pay it back it’s payback for the Great Depression
@foxtrotbravo1744
@foxtrotbravo1744 9 ай бұрын
I really like Peter, which is why I wish he would refrain from these clown shows -- I think they diminish his standing.
@jcdaniel55
@jcdaniel55 9 ай бұрын
Prices are up and profits are at all time highs! Hmm...
@Chris-tq1jy
@Chris-tq1jy 9 ай бұрын
Peter’s been DEAD WRONG about gold stocks. Worst performing asset of the decade.
@robertk1834
@robertk1834 9 ай бұрын
Sounds like market opportunity, undervalued assets, do you bother watching any resource lenders?
@bmw803
@bmw803 9 ай бұрын
That's good for smart people.
@Hua77795
@Hua77795 9 ай бұрын
Bible says "Gold and silver is mine" 🥳🥳🥳🥳🥳 and I think they are more solid than paper, at least they can be used as self-defense 😊 ask Zimbabwean, Argentina, and Venezuelan 😊 take care and have a good day 😊
@walden6272
@walden6272 9 ай бұрын
@@bmw803 Smart people wouldn't buy gold stock. Smart people buys real physical gold. Any paper gold is worthless and gold stock are paper gold.
@bmw803
@bmw803 9 ай бұрын
@walden6272 Yes, you're right. Didn't specify physical. I've been stacking physical silver for a few years. Its undervalued now, so take advantage of it.
@gettinafterit2158
@gettinafterit2158 9 ай бұрын
Slaves!!!
@alc7084
@alc7084 9 ай бұрын
What happens if the United States stops printing money?
@TXLionHeart
@TXLionHeart 9 ай бұрын
The value of dollars would skyrocket, but they can't just stop because banks print money every time they make a loan.
@stanleymedrano
@stanleymedrano 9 ай бұрын
they can not. they would go into default. They print money to pay their own debt because the United States spends more money than it produces in a year. Today the United States is paying almost 1 trillion in debt interest alone
@Doctor_klausmartens
@Doctor_klausmartens 9 ай бұрын
❤Peter but where did they get the ghetto Anchor guy?
@harrycallahan1699
@harrycallahan1699 9 ай бұрын
I'm on board with Schiff. I don't want any bitcoin so there is more for the people that do want it. Does anyone remember FTX blowing up? What about Mt. Gox? All forgotten!
@AleksLazar
@AleksLazar 9 ай бұрын
Is it a measure of how much wages have stagnated and how much workers are getting underpaid vs inflation?
@thedeerslayer3247
@thedeerslayer3247 9 ай бұрын
Trump 2024!! FJB!!!
@_clownworld
@_clownworld 9 ай бұрын
Facts are what they say they are. Doesn’t matter. Peter has been saying this shit for years and nothing has happened.
@5002148
@5002148 9 ай бұрын
Why worry,keep selling bonds the world needs it
@xmen2130
@xmen2130 9 ай бұрын
Peter is an intelligent person, it’s too bad these smart people will never run for office.
@zoraster3749
@zoraster3749 9 ай бұрын
He ran for senate a number of years ago so I give him credit there.
@QuilishWammy
@QuilishWammy 9 ай бұрын
If he's so intelligent, why has his mutual funds been performing soo poorly ? ;)
@jiggyquinn5635
@jiggyquinn5635 9 ай бұрын
What are the #'s of credit debt, offset by IRA, 401K, and pensions savings?
@irishscott1
@irishscott1 9 ай бұрын
Meanwhile, the stock market will continue to soar to Pluto.
@hlf_coder6272
@hlf_coder6272 9 ай бұрын
It’s simple. Either Americans awaken and demand entitlement programs and fiat currency be abolished, or we enter legitimate hyperinflation within 5 years. The interest payment on the debt that increases each year illustrates this undeniable fact In the 60 years since LBJ’s welfare state was imposed we have amassed 100 TIMES the debt we did in the 180 years prior. It’s no mystery what’s causing this.
@aelfredrex8354
@aelfredrex8354 9 ай бұрын
And the bankers are ecstatic. All that debt converts to assets on their books.
@Castle743
@Castle743 9 ай бұрын
NO BIDEN, NO TRUMP ! NIKKI ONLY HOPE AMERICA HAS. FEDS NUMBERS US A LOT OF BS !
@louisstringaro1055
@louisstringaro1055 9 ай бұрын
What is debt? A red number on a sheet of paper. Life goes on as usually. Life is now. After us the deluge.
@samtraygis1337
@samtraygis1337 9 ай бұрын
I had a thought. This is a serious question. What would society look like if credit cards didn't exist? It would look like the Great depression right?
@KenCarr-y7w
@KenCarr-y7w 9 ай бұрын
What do you mean l got no money 🤔l still got checks 👍
@RickCochran-i3y
@RickCochran-i3y 9 ай бұрын
Stop the spending
@sjent
@sjent 9 ай бұрын
National debt...personal debt...it is all peanuts, as weirdly as it sounds. US government has about quadrillion(1000000000000000) in unfunded liabilities, according to some estiamtes. Aka services it is obligated to provide in the future. Like pension it already owes you when you retire.
@habyalexandru2265
@habyalexandru2265 9 ай бұрын
Get curency out of the banks Buy gold and silver
@umbro12
@umbro12 9 ай бұрын
$18 bks for a beer , pkt smokes $45, in Australia
@BlokFinance
@BlokFinance 9 ай бұрын
Im no professional, but if you look at the last 15 years, aside from that little blip on 3/20/20 everything is so overpriced & overvalued. You don’t have to be a professional to see that. I Hope everyone is smart enough to know that it can’t go on like this, unless we become socialist with our government giving us $ every month, then maybe it’s possible. There is a correction coming, when? Who knows, but better to be way early to the party, than to have missed it by one day. Just a humble, working guy’s opinion.
@BullsEye3333
@BullsEye3333 9 ай бұрын
@jaybradley3583 I don't think anything is overpriced & overvalued. Everything is priced high because high prices is what you get when you create so much damn funny money. Why on Earth would you expect anything different? The rich get richer and the poor get poorer because the rich are smart enough to dump failing fiat for stocks, real estate, and crypto. The poor attempt to save in fiat and silly metal coins.
@rudeawakening3833
@rudeawakening3833 9 ай бұрын
@@BullsEye3333 I agree with almost everything you said . “Silly little coins” not so much . Central banks globally are and have been stockpiling physical gold and now more recently physical silver - For a reason! No disrespect … Peace ☮️
@davefouquette4192
@davefouquette4192 9 ай бұрын
Don't count on the government to solve anything. Especially when it comes to the economy. Our government has put us in the position we are in today with a National debt of over $34 trillion.
@bmw803
@bmw803 9 ай бұрын
​@@BullsEye3333 As they featured in "wolf on wall st." Movie, stocks are fugazzi. It's fake. Doesn't exist and has no intrinsic value. Add the monetary heroin of the past 15 years? Stocks are in a bubble.
@dvforever
@dvforever 9 ай бұрын
​​@@BullsEye3333The poor don't have any money for stocks, real estate or crypto. Their money is eaten up by the cost of being alive. The rich have an excess of money they don't need, so they make it work for them. I was talking to an investor over a year ago about Affirm, that buy now, pay later scam. He bought $9,000 of stock at $10 a share. The stock quickly went up to $18 a share. People were telling him to sell. He said, "I don't need the money". I asked him when he was planning to sell. He said he might sell half at $45 a share. A year later, the stock was $50 a share. I wish I could do that too. But I, like most people, don't have $9,000 to put into a random garbage company.
@raymond_sycamore
@raymond_sycamore 9 ай бұрын
gold crash yet so I can buy?
@KevinKilgorepage
@KevinKilgorepage 9 ай бұрын
im waiting also
@KevinKilgorepage
@KevinKilgorepage 9 ай бұрын
problem is , when you look closely , the price falls and the premium rises and that is IF people will sell at al in a large move. i know i wouldnt
@RickCochran-i3y
@RickCochran-i3y 9 ай бұрын
Consumers copying congress finance behavior
@leinad5243
@leinad5243 9 ай бұрын
😅😅😅😅 I'm full of schif.....eat schift...shifty shift
@bhupinderkalra5188
@bhupinderkalra5188 9 ай бұрын
The economy is so far booming due to large scale borrowings and spending but one horrible day to come when everything to collapse
@kendreamer6376
@kendreamer6376 6 ай бұрын
The borrowers spent that money it ain't coming back so the creditors ain't getting anything. And whatever was bought with FED funny money just consider that property stolen and it ain't coming back. People need land housing food water and children to live in this world and the cost for all these things has priced most people out of the economy.
@mrjuvy49
@mrjuvy49 9 ай бұрын
I am not pessimistic, I have done well in the country I have invested in education, real estate, stocks,, and paying down debt. What is this channel?
@BullsEye3333
@BullsEye3333 9 ай бұрын
Yes Peter, inflation is high. Every investor already knows that. Now guess where all that funny money is going to go. Hint: It ain't metal.
@anthonyalmeida8079
@anthonyalmeida8079 9 ай бұрын
they must of missed peter saying the same thing about trump 😂😂
@sreetips
@sreetips 9 ай бұрын
Thanks Peter.
@warrenhunt8338
@warrenhunt8338 9 ай бұрын
Will trump fire Jay Powell
@karenbenning2166
@karenbenning2166 9 ай бұрын
yes
@JCS1964-i7w
@JCS1964-i7w 9 ай бұрын
lol He hired him
🔴 Tariffs: Not the Turkey We Want This Thanksgiving - Ep 994
59:36
The Debt Crisis Is Mathematically Guaranteed. It's Coming.
9:33
Peter Schiff
Рет қаралды 93 М.
ТЮРЕМЩИК В БОКСЕ! #shorts
00:58
HARD_MMA
Рет қаралды 2,7 МЛН
كم بصير عمركم عام ٢٠٢٥😍 #shorts #hasanandnour
00:27
hasan and nour shorts
Рет қаралды 11 МЛН
Farmer narrowly escapes tiger attack
00:20
CTV News
Рет қаралды 12 МЛН
Money Expert Brilliantly Exposes The American Finance Trap | KOSHER MONEY
1:07:57
US credit card debt is 'certainly a reason for concern'
6:21
Yahoo Finance
Рет қаралды 13 М.
The Government Is Not Being Honest About Inflation
9:58
Peter Schiff
Рет қаралды 86 М.
Trump Tariffs Explained: The 10% Tax on ALL Imports
21:42
Michael Bordenaro
Рет қаралды 98 М.
How to Think About the Federal Reserve - Peter Schiff
1:03:39
Hillsdale College
Рет қаралды 292 М.
Debt Crisis Will Collapse U.S. Economy
1:13:33
Sachs Realty
Рет қаралды 660 М.
ТЮРЕМЩИК В БОКСЕ! #shorts
00:58
HARD_MMA
Рет қаралды 2,7 МЛН