"Housing Crisis & Rising Costs Will Only Get Worse!" - How We're Destroying America | Peter Schiff

[@jerrycampbell-ut9yf]

The consequences of the recession are starting to become apparent. The long-term downturn in the housing industry and property prices is having an effect on people. I want to put my lump sum windfall from the sale of my house in the Sacramento area into the stock market before prices begin to increase once more. Would this be a good time to buy?

[@Peterl4290]

Diversifying your investments among several asset classes can lower risk more successfully than concentrating all of your funds in one. A financial counsellor should be consulted if you lack a thorough understanding of finances.

[@larrypaul-cw9nk]

Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@sabastinenoah]

How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?

[@larrypaul-cw9nk]

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@sabastinenoah]

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

[@ncscooterz]

Real estate needs to be banned from corporations AND non American citizens!

[@ColinBunston]

Corporations since 2008 has been the majority of the problem by far

[@MichaelForte-jn5pn]

​@@ColinBunstoncorporations own both parties....

[@TheyRiseBand]

Forced divestiture over time, also needs to occur, to gradually open up more supply and not tank the market. Cap the number of homes any individual or household can possess (5 would be a good number).

[@alexsteven.m6414]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?

[@NorthCarolinaForward]

Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.

[@belobelonce35]

Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@PennyBernadette]

How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?

[@belobelonce35]

'Rebecca Nassar Dunne’ is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

[@samuelrandy-k8x]

This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 24 years of experience is certainly striking! very much appreciate this.

[@dianepg1653]

Tom, I hope you read this. One question I want the answer to, is why the food ( produce) in the U.S. costs 5x what it costs in other countries. I’m in Greece right now and I’m shocked at the difference. And no, we do not have a choice in the U.S. where to shop. If we do not want to eat total crap we have to find organic for a ridiculous amount of money. The US is a large country with every climate. There is no reason why we cannot have great, inexpensive food. If other countries can do this why can’t we?

[@martinbobis6764]

Money is the main reason

[@mlynto]

You are supposed to eat bugs and artificial non co2 producing foods, real food is reserved for rich elites and because real food is so bad for planet and for you the elites are helping you by consuming it so you dont get exposed to it.

[@kenjifugimoto]

As farmers get older and sell their land, farmland is gonna be bought up by huge conglomerates, once they control the food supply it's gonna get even more expensive.

[@mydogharlee]

Regulations, labor, equipment, taxes, fees for water (CA) and safety concerns controlled by the government and fuel cause some of the increases. Additionally, when the government inflated our money supply by trillions, they devalued our dollar also known as inflation.

[@lynettes9533]

It's all the unnecessary regulations. They are put in place on purpose. We are told these things are done to keep us safe, they want to protect us from food illnesses, price gouging, workplace hazards, they are not done to protect us & keep us safe, they are done to destroy us financially, both consumers/employees & business owners. There is an agenda to destroy the US economy, but it's a long time plan that really started taking off in the early 1900's. But they implement it like the frog in the boiling pot; the frog is put in the water when it's cool, then slowly heat it up, by the time the frog realizes it's boiling & he is being cooked, it's too late to get out. We are starting to enter the boiling phase. I do believe we got extremely lucky with the Trump presidency, he started to reverse some of the damage. It wasn't enough to drastically change things, or have a lasting impact. But, it was enough for people to notice things starting to improve. & this agenda I'm referring to, that intends to destroy the US economy, it is a global agenda, an agenda for a small group to govern the entire world. The US stands in their way. Not our politicians, most of them have been bought off or blackmailed into submission, so they continue to help move the agenda forward. But our economy & our Constitution was so great, that it made it impossible for us to be taken down the way they do to most countries. But over time they they keep chipping away at the economy, & chipping away at the Constitution. Because it is a global plan, they have goals & timelines they want things achieved so that it all works out & falls into place. Obviously it doesn't work out perfectly because we are talking about the entire world, so there is some leeway in reaching those goals, but if one part gets too out of whack, that threatens the entire system, the entire global tyranny agenda. Now back to Trump. He basically threw a wrench in that system, like a wrench in a machine causing it to break down. But, the wrench only causes a temporary breakdown, cause then you remove the wrench & fix the machine, & it starts back up again. But unlike a factory, this machine can't afford to break down too long, because it has to keep up with the rest of the machine. & I believe the timeline is getting much more important due to the fact of uncensored information on the internet. I think this is why they are so adamant about Agenda 2030, more so than some of their previous time goals. Because if they don't clamp down & knock the US down enough to get it in line with the rest of the world soon, it will be too late. I actually think it's already too late for them, but I'm referring to how I believe they foresaw how people would become more & more aware of what was happening, & so they knew they had a limited amount of time. So again, when Trump threw that wrench in their machine, not only did it show us how things could easily get better if our leaders actually wanted to make them better, it also threw them too far off their time line. So, they had to start speeding up their plans, to make up for the time lost, to reverse the damage he caused, & to try & race to beat us before we found out & fully understood. & it caused them to behave irrationally, & turn up the heat too much, too fast. That accelerated more people waking up & paying attention, by being snapped out of it. Because once enough people understand that they have been purposely destroying us with their policies for decades, then their game is up. It's just that point is usually when it's too late & always breaks out in civil war or revolutions. We have a chance to avoid that, for maybe the 1st time ever, at least that I can think of. Due to decentralized information because of the internet, well that, & also because of Trump, those 2 things put ius in a unique situation. We were able to realize we were starting to cook before the water was fully boiling. Now we will see if we are smart enough to course correct, & make good use of the time that the wrench in the machine brought us. Meaning, we have an opportunity to fix it all, but I think the time is running out. My money is on us beating the machine, tho I do think it will be a bit bumpy along the way, but nowhere near as bad as a civil war, revolution, or great depression would have been. Oh & in case you're wondering why if I say it's the global agenda putting in regulations that cause our farmers to do worse, & cause us customers to pay more, why they wouldn't be implementing the same regulations in other countries, such as Greece, it's because every country is at a different stage in how close they are to basically being already under control of this global agenda. The US economy was the best in the world, & we had such a massive middle class that far exceeded the rest of the world, that alot of things have had to be done to the US, much more intentionally bad policies & regulations to knock us down & get us more in line with the rest of the world. On a side note, I do think Russia & China are also obstacles for them. But I believe they had plans to cause a war between the US & Russia, which would be the only thing that could destroy Russia, & a war like that, mixed in with the destructive policies in the US, would have finished off the US as well. As for China, I'm a little less sure of how they planned to deal with that. My best guess is that China is so authoritarian already, & voluntarily implementing the entire surveillance state with social credit system, that the global agenda wishes to implement on the entire world, that for now they probably just view it as China is beneficial by laying all the groundwork for them. Then maybe once they had their agenda in place, just minus China, maybe they planned on going to war with them. Which China probably wouldn't stand a chance if it was the whole world system against just China. This is why I view the US as the most important country in the world. Our country is basically the only thing standing in the way of the complete global takeover. We, as Americans, have the power to stop the most powerful force in the history of the world. We can actually save the rest of the world, along with ourselves. Or maybe more accurately, while we save ourselves, & turn this country around, we can simultaneously at least throw some wrenches in the arms of the machine that extends to other countries. & buy them some time, to give them the chance, that the internet, the Constitution, & Trump gave us.

[@lynnlavoy6778]

It seems that this convo is missing major points. Large corporations do not want competition, why are monopolies being ignored in our country? The government seems to be captured by these monopolies, how is that helping the working poor? If competition is so important then why are we allowing other countries to mess with markets? Competition in food is challenging because it does not insentavize healthier food, There is a reason wealthier peopke live longer, why? I agree with this dude, generally, but do nothing and keeping status quo seems to be what boomers do best.

[@wellmansrants4282]

um alot to unpack you need to learn about how inflation happens once they took gold and silver out of money the inflation system favors mega corps and corruption not honest wages

[@lynnlavoy6778]

@wellmansrants4282 I am not convinced that re-instateing the gold standard would help the working poor, and I am not alone in that summation. If "compitition" is the answer then breaking up the big 5 oil corperatios, may b3 a step in right direction.

[@user-dd2jg6kv8y]

@@lynnlavoy6778 Grow up, stop asking for handout women. give me, give me more, give me more more please! Learn to add value in the world like EVERY MAN is required to do. Don't complain about your female privilege not being enough. Feminism has almost ruined America in the last 10-20 years

[@leviathanv3135]

All I see is that all the money is going to banks, corporations, and politicians

[@Nikoro-ku7de]

they need new pics on instagram with their new yacht! lol

[@Alpharizzchad]

Get a job at the bank. Then you to can have a house 🎉

[@bw8736]

"Better help" is destined to be a dystopian nightmare. Dr's are currently trained to ignore nutrition and work for big pharma. Now, imagine AI being programmed to be your phycologist.

[@lasanjata]

My wife used to work for Verizon and i was surprised to learn that the accounts she used to work with were of the housing market the amount of property owed by these corporations is astronomical

[@antipathous]

North America needs to feel some pain. It's unfortunate, but true. We've had too many governments sticking their nose into things and upsetting the economic balances and distorting everything to the point where no one can figure out where the equilibriums are anymore. Government needs to scale back and let some people suffer, let some people sell their houses and move into apartments, let some people decide that instead of a new electric SUV they're going to buy a used Ford Fiesta, and lets give it time and let the chips fall. Give that 5-10 years and then when we see where the natural equilibriums are, that's where you can come back in with a couple of little tweaks and try to fix things. Otherwise you're playing darts while looking through a glass coke bottle and everything is so distorted you're as likely to hit yourself as you are the bullseye.

[@ericv9080]

I'm sincerely confused... sounds like you're crying about taxes on "unrealized gains" and "gov't rules" that are making North American Rich Guys, and North American Corporate Conglomerates "feel some pain". Isn't that exactly what you're talking about? Not giving into the whining of some people and let them suffer a little bit? Sincere question: you'd rather blue collar and low income workers feel that pain? I honestly can't figure it out... seems like we're actually talking about something else.... is "unrealized gains" taxing bitcoin profits or something and you guys aren't saying it?

[@adamg6284]

No, he's saying let the people who can't manage their money fail and let everything fall to base level as a result. Right now there are so many people that are just using leverage and in debt up to their eyeballs. This is what causes inflation. Buy now, worry about paying later is why we're in this situation. Money loses it's value when we keep kicking the debt can down the road. ​@@ericv9080

[@GrantDWilliams82]

We already have an unrealized gains tax. It’s called property tax.

[@amryan7571]

Well now they want to increase it got it?

[@Jakobeejaylen]

Hahaha I suppose ur right 👍▶️ thank-you kzbin.info/www/bejne/rofSZWegZrR0hbMsi=zvamAQgruIHsauE5

[@sercan272727]

unrealized gains tax is by far the dumbest idea. governments are just doing "legal" racketeering

[@Gold_Silver.]

@@sercan272727in other words govt is so broke they are literally tryna convince us stealing is normal lmaoo. Idk who they think they dealing with but common sense is still alive in the country thank god

[@landshark7154]

Hey, my kidney is worth $30,000 on the open market. I happen to be using it but gubment would call it an unrealized gain

[@Zach-jt5zr]

I’m favoured financially with Bitcoin ETFs,Thank you buddy.$63,700 biweekly profit regardless of how bad it gets on the economy

[@Enderson21]

How please!? If it’s possible, I would appreciate if you show me how to go about it

[@Zach-jt5zr]

It's all thanks to Mr James Werden

[@crystalsword16]

I’m not here to converse for him to testify just for what I’m sure of,he’s trustworthy and best option ever seen.

[@Alenakorous]

James werden,, has really helped my life and entire family last year. May God inspire you more sir more grace I pray 🙏🏻🙏🏻🙏🏻

[@mathewlebeh]

Alright thanks for the recommendation but how do I reach him?

[@jimtorode9330]

Folks who struggle to BUY a home often down realize the cost of OWNING and MAINTAINING a home...and you never hear about a mortgage lender or real estate agent who cares about educating consumers on the true total cost of home ownership. Without enough cash cushion to handle the inevitable repairs (HVAC, plumbing, electrical, roof, landscape, etc.) necessary to maintain a home, it can spiral from the American Dream into a financial nightmare for folks living from paycheck to paycheck.

[@debbiegoodman9429]

Yes, there should be more education available for first time homebuyers! Financial institutions usually only calculate 10 month or more revolving accounts in payments owed by the borrower including the mortgage to see how much a borrower can qualify for and stay within the percentage accepted on debt ratio. They do not tell the borrowers that after those expenses is the energy bill, food, clothes, car insurance, gas to get to work, childcare, school supplies and extra curricular activities for your children, repairs, etc…. Knowing this I did not shop for a house the financial institution said I qualified for under their calculations, I calculated in all the other costs associated with life and knew what I could comfortably actually afford. If a person hasn’t worked in a financial institution they wouldn’t think to recalculate all the other debts associated with life and do the same. I knew the borrowing amount they gave me sounded high for what I felt comfortable borrowing. They may qualify for a 600,000 dollar home but can they afford to keep it for long without having life expenses slowing cause them to lose the very place they call home.

[@flora8525-y6k]

*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Mary, and her helpful guides.*

[@Sylvia-f3h]

I know Mary, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.

[@flora8525-y6k]

Marypete79💯..that's it

[@WillPerry-b7r]

She's the best honestly I'm also a beneficiary. This inflation has taught people the importance of multiples income investment

[@WillPerry-b7r]

My little investment of $6,000 which was part of my salary brought me up this height applying Mary, analysis for beginners

[@Helen_white1]

I’m in Massachusetts and real estate in the last 6 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 quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[@Agatha.wayne0]

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.

[@Kin-28-8]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@Thompson-e7h]

How can i get started when it comes to investing and passive income?

[@Kin-28-8]

Just research the name Stacy Lynn Staples . You’d find necessary details to work with a correspondence to set up an appointment.

[@Lewistonwilliams-f5i]

I just checked her out and I have sent her an email. I hope she gets back to me soon

[@THEIDLESHOW]

They shouldn’t be giving money to people for housing, medical etc. because those things shouldn’t be that unaffordable to begin with.

[@TheInternetComplaintDepartment]

Bingo

[@nathenleelewis]

Where do I sign? 🎉

[@BusyMan-er5gs]

Also they’re giving our money to these people and then either taxing us more or printing the money (ie. devaluing our hard earned money / just like taxing us more). Harris has no clue.

[@rignips]

Peter is the frikin guy. I wish politicians understood economics at just a 1/4 the level he does

[@mydogharlee]

They are not incompetent, they are intentional.

[@gabe5946]

This guy can explain everything

[@AdventurousPhil]

You dont need to determine what the price of an item should be But there should be a law in businesses where the highest paid person cannot earn over a certain multiple of the lowest paid person

[@spiritofgoldfish]

“The classical economists sought to reduce and eliminate the “free lunch” and thereby bring prices more closely in line with costs. This would unleash economic productivity by eliminating the parasitism of the rentier class. At the dawn of the twentieth century, the application of classical economics combined with advances in technology led people to believe that a golden age of human progress and prosperity was approaching. But the reactionary rentier class used its rentier fortunes to launch an economic “Counter-Enlightenment.” As Michael Hudson summarizes, To deter public regulation or higher taxation of such rent seeking, recipients of free lunches have embraced Milton Friedman’s claim that There Is No Such Thing As A Free Lunch. [. . .] The actual antidote to free lunches is to make governments strong enough to tax economic rent and keep potential rent-extracting opportunities and natural monopolies in the public domain.26 The point here, articulated by Orwell, is that technological progress in production and in economic planning should have ushered in a golden age of civilization. Instead, activist elites recognized the implications of this dynamic and responded by using their wealth and power to maintain the inequality and material insecurity that are preconditions for their continued dominance over society.” Good, Aaron. American Exception: Empire and the Deep State (p. 180).

[@RickMcCargar]

Don't allow corporations to buy single-family homes. Don't inflate prices by handing out down-payments to people who can't afford to buy. You flood the market with buyers looking for the small pool of homes..driving up the bidding prices.

[@jzen1455]

As long as the supply of housing keeps outstripping demand, it will continue to outstrip the rate of inflation.

[@0matters]

but Americans should also stop worshipping single-family homes with a yard sprawling out of cities. Be okay with denser housing like Europe/Asia and less car dependence

[@hcrimmins]

@@0mattersWhy? Each person should be allowed to make his/her choice!

[@RichardWiazardry]

Small knowledgeable investors don’t own investment properties in their own name and use llc’s, at what size do you say corporations shouldn’t own homes,most small investors start out learning by investing in homes.

[@Jakobeejaylen]

We up north had or have a first time homebuyers incentive program. However, would that be good for our neighbours at the current state of their affairs? Yes or yes !

[@murrat]

Great points by Peter.

[@Nikoro-ku7de]

health care in america is a joke. god forbid you get sick!

[@spiritofgoldfish]

Once you accept the premise that everyone should be in the risk pool for health insurance, it becomes clear that it's a natural monopoly that belongs in the public domain, not the private domain.

[@brent4073]

Our healthcare system worked better when churches provided cheap basic healthcare to the poor and homeless without govt regulations

[@spiritofgoldfish]

@@brent4073 Right wing mega churches are for profit corporations and would never dream of such a thing.

[@bobzacamano658]

Oh I’m just sooooooooooooo scared!

[@kurt5312]

Taxing unrealized gains is EXACTLY how gov takes control of all assets.

[@sercan272727]

yep, we dont own anything else than our own ass. already paying money every year to government for all the property we "own"

[@meatheadtank]

If they tax unrealized gains I will sell all and buy monero

[@tobybrown1179]

Trying to do this in Australia are they doing the same in USA too?

[@erikrichter3807]

Aldi and Lidl will also lower prices in many supermarkets..

[@RicketyRider]

My primary critique is the notion that real competition is largely absent in many contemporary markets. Many industries are characterized by oligopolies or monopolistic competition where a few large firms dominate, often due to high barriers to entry, such as high start-up costs, regulatory hurdles, or technological advantages. While there is competition, it doesn't always lead to the outcomes predicted by models of perfect competition, such as price-taking behavior, identical products, and free entry and exit. Instead, strategic behavior, product differentiation, and market power play significant roles, leading to outcomes where firms can influence prices and market conditions more than traditional economic theory suggests.

[@zeldasheldon1]

Regulate the real estate industry to prevent corporate investors from buying single family homes. And regulate the short term rental industry to prevent single family home inventory being used for STR investors.

[@jzen1455]

The solution is to provide incentives to developers to build more housing. As long as the housing supply remains tight due to lack of housing being built, no amount of regulations is going to help much with affordability and may in fact backfire and lead to even higher housing costs. Canada has banned non-Canadians from buying houses, yet their housing prices have increased at a higher rate than it has in the US.

[@IFYOUWANTITGOGETIT]

Homes are such a rip off and money stealing pit. Unless you can find a way to have others pay off the mortgage for you, it isn’t worth it.

[@Beef_Supreeeme]

Block foreign buyers, block investors from buying existing houses. If they want an investment property make them build a new one. Provide incentives and streamline new builds.

[@jzen1455]

@@Beef_Supreeeme Canada has blocked foreign buyers for years, and their housing costs have increased at a higher rate than the US.

[@classicalmechanic8914]

Releasing American energy is the ony way to tackle inflation.

[@mustaphakamara362]

What about when the companies collide to fix the price? Competition is not always there.

[@pauls9322]

Even mentioning tax on unrealised gains ruins the trust in and brand of your country. It makes companies and your best & brightest have to take early evasive measures to risk manage.

[@ECUCHRIS904]

I'm surprised we are not already in a recession.

[@nathanielcarreon5634]

Malibu and Beverly Hills housing is now too expensive. lol

[@arrowhead2B]

Tax Tax Tax we are Taxed for everything like over and over and over all for the King I thought our four fathers fought against this perhaps it’s time for a new king . Love the show guys good job 👏

[@aaronsorensen5165]

I’m just tired of paying for illegal migrants.

[@alicerobb-c1p]

My main concern is how to survive all of these financial and political crisis, especially in light of the US political power scuffle. 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.

[@cabot100]

Why are you not doing anything to change things?

[@lamsonp]

Kroger admitted to price gouging. Clear example of this practice is in medicine.

[@GenX_-um2ct]

People don’t understand why I try to learn DYI everything! Or know a good friend who can help teach me. Car repairs are 1 of the easiest to start with. Learn to change oil, do your own brakes.

[@WorldEverett]

Better Help ad - are you sure you want to do it, Tom?

[@MD-Coin]

You really need to rethink your association with Better Help. The company is a complete grift and scam.

[@niciassmith1204]

Can you tell us more

[@Jakobeejaylen]

Very interesting comment on this year as well ❤️‍🩹

[@stenyethanmathews945]

Um. You realize you're talking about Tom bilyeu right 😂😂😂. His whole schtick fits perfectly in line with better help. He sells himself as some kind of unbiased neutral on the side of the average Joe person. He's not lol. He's part of the elite. He's a bit of a snake oil salesman. To his credit though he does say some pretty good things.

[@11Itchyknuckles]

I don’t know if you’ve noticed that half of his guests are grifters.

[@jvb6547]

I appreciate the work that Bilyui does but am growing weary of the incessant sensationalism of disparaging news. This has become a very dark channel. I’m sure everyone will argue that our country and perhaps the world is falling apart but the truth is, there’s still a lot of good. This channel focuses on darkness, and no matter how sensational the title is, it’s the same old bad news. Don’t shoot me, this is just my opinion.

[@FeelingPeculiar]

When we are headed toward good times, or in good times, the messege will be happy and prosperous (2011-2021). When we are 36 trillion in debt, inflation has skyrocketed, the border is wide open, and we are being led by idiots, then the messege reflects that...

[@kbrown611]

Maybe take a break from the internet then; red pill fatigue is real.

[@amr36937]

I could not agree more. Impact theory is finding, identifying and covering black swans and negative outcome times realizing before our eyes. However I think we should start focusing on solutions, theories and positive outcomes that could come out of positive thinking to face off these dark times. Let's focus on the solution not the problem. History teaches us but we must learn and move on.

[@landshark7154]

Wishing for happy news regardless of the situation that we all know is true= head in the sand. Dont be a beta.

[@jvb6547]

@@landshark7154 not wishing for happy news. There is no happiness outside of myself. I am a happy person - and that’s only so because I don’t stay immersed in incessant negativity.

[@kassipressgrove7358]

maybe that is the plan so we own nothing and are happy about it

[@demetrafrohring9152]

This is so not happening due to supply and demand. Small stores set prices based on what they can get the product for. It’s the big corporations that are benefitting from this. Not the stores. The issues need to be addressed at the corporate level.

[@Comut-d4m]

We had no tax on capital gains and we we did just fine. People didn't scream tax the rich. Our government basically ran amock on a spending spree with our tax money.😮

[@devlinX]

"We have competition" Meh, not so much.

[@1Goji1]

Also talk about both party policies and compare the impact it will do the the economy and inflation instead of targeting one person.

[@timgorski]

10 years ago we could buy a big house for 6000 BTC. Now I can get one for 6 BTC. Just sayin.

[@brent4073]

I sold my house after it increased 40% in price to buy BTC, will buy a house again once i need one again or prices go back down to a better income to price ratio

[@Parkinson63]

Of course supermarkets can price gouge if they collude to inflate prices or accept manufacturers reducing pack sizes to raise their margins. This is even easier when there are only one or two supermarkets within reasonable reach. I love the obsession of some Americans with minimalist taxation and purist free market tub thumping, while bridges, airports and other important infrastructure owned in common falls apart and embarrasses the country

[@elizabethlode9822]

This guest talks from a very priledged point of view. There are way more people that have to go to what's close than affordable as far as groceries go.

[@Fitinfifties]

Schiff unleashed, could listen to Peter talk free markets and government all day.

[@Arbadella-jv7rh]

It’s a GREED problem.

[@maryolson8519]

Envy is worse than Greed

[@audiobookfull8]

Try a homestead act in a small percentage of the western states unused federal land.

[@joostonline5146]

fyi, they also are planning this in the Netherlands as of 2027-2030

[@kt6332]

Giving people money to buy homes means you’re giving money to people who can’t afford to buy, meaning they will eventually lose the home they couldn’t afford to begin with. Giving money away is not a solution!

[@maryolson8519]

This is common sense but Common sense is no longer Common.

[@spiritofgoldfish]

Everything in the grocery store is produced by a small oligopoly of huge corporations setting the price. They use an unlimited number of brand names for camoflauge.

[@cliftonodom3059]

The plan is not just give people $25,000 to buy a house but also build more houses.

[@bigvic950]

unrealized gains tax would hurt the rich hard. It'll never pass don't even waste your breath talking about it

[@davidcollier3604]

I'm hoping I can get a tax refund for unrealized losses.

[@gungladin]

Dear Tom, I’m not an American but I’ve followed your channel for sometime. It seems you focus mainly on the worse case scenario. We are globally on the cusp of a complete change to the way we live in; and view the world. You recently had a very successful military man on your channel that had a great perspective on finding solutions. In my opinion he should be a genuine candidate for the position of your presidency yet you only whisper on that topic. As a country you have the ability and resources to abolish the monetary dependency that as a nation you’re led to believe you depend on. As a nation you have the ability to overthrow the government and build a free society that can be educated away from over indulgence and into self awareness and enlightenment. You have the power to be a true leader in leading the world into the way things could be. It seems you’re lost in the Matrix, you’re not able to see the big picture and your government has over complicated and discombobulated the populous as has all the controlling entities of every nation. Goose stepping us into thinking that money is everything we need to function. I believe this era is coming to an end and the greed of man is about to be exposed. Your, our way of life in the near future will be looked back on as an appalling abomination of just how bad the world can be. I look forward to this day

[@Andreavince-v]

Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every KZbin video says "BUY, BUY!" but when and how do I sell for profit at the right time?

[@CharlesT.Foster]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@radornkeldam]

So where's the competition, anyway?

[@11Itchyknuckles]

The reason I can’t afford anything is because I listen to Peter Schiff’s investment advice. 😂

[@bethanyw777]

This was great! So true. How are there only 721 “likes”? Are people that brainwashed they don’t like the truth he’s actually speaking?

[@mydogharlee]

Paying property tax is unrealized gains, unconditional? They do it anyway.

[@lynettes9533]

I think Federally it's unconstitutional, as in a federal property tax. State taxes, which is how we are charged property tax, is separate from federal taxes. So I'm assuming each state legally has the authority to implement state taxes however they want to, or however they get the voters in that state to choose. If the Constitution prevented states from implementing properly tax as well, then I would think & assume that someone by now would have sued at least one state. But personally, I think stuff like property tax, car registration, annual pet licenses, etc, should all be illegal. I can maybe see the argument for some sales tax, to help fund things. But the government should not be able to continuously tax you, year after year, for something that you supposedly already own. Do you really own it? If the government can take away your property if you fail to pay your yearly "property tax", take away your dog because you didn't renew it's yearly "license tax", or take away & impound your car because you didn't pay your yearly "registration tax", do you ever really own those things? Or is the government just allowing you to borrow those things as long as you continue to pay your "property fees". Just like when the mob & the mafia allowed you to not get beat up, or to not have the windows of your business busted, as long as you paid your monthly "protection fees".

[@Sharpy7562]

Since being frugal thrift minimal downsizing. Have worked less saved more had more me and family time and lot healthier as not got workplace stress no medical bills

[@ArmoredAnubis]

Why are we still talking about these policies they're not going to win???

[@zcallis1]

The massive inflation that began in 2021 and turned out to be permanent inflation due to massive government spending and money printing

[@HaleeQuyenHoa]

Seriously, get Cortux now before it’s too late!

[@tallspicy]

I adore that you are not talking about a 20% tariff and how that will not only raise prices, but will all syphon money to the wealthy.

[@atheisticdeist]

Ceos litterally brag about price gouging and this guy's like there is no price gouging what a joke

[@josephscott1952]

I believe that my house taxes should be paid to my county and city You cannot get rid of property tax The city and county depend on local property taxes so that's a fair tax in my book. But paying Federal taxes should be banned. But state taxes I agree should go to the state. But the Fed Govt shouldn't get squat!!!

[@1Goji1]

Explain to me about price gouging when these executives are getting millions in bonus?

[@robertheadley3483]

The executive pay is a drop in the bucket compared to stock dividends and purchases.

[@VuKhacDi]

Anyone else noticing the hype around Cortux?

[@jackslater8688]

Taxing unrealized gains. Wtf!

[@IFYOUWANTITGOGETIT]

That’s not gonna happen

[@9fifty1]

Would never happen.

[@cmarie7958]

It will never happen.

[@pcstearns21]

The idea that financial support programs drives price inflation. The goals we have set for our economy basically guarantees things getting more expensive infinitely. Offering support based on a nation discussing what our standards for living are doesn't seem crazy. Just flushing money into a sector is also crazy, but only if you do absolutely no regulating to change the issue in some meaningful way. Also, taxing unrealized gains is totally acceptable if you use those assets as collateral for loans IMO.

[@ECUCHRIS904]

Taxing unrealized games is dangerous and stupid.

[@pcstearns21]

@@ECUCHRIS904 if you own a home you are already taxed on the unrealized gains. Why is it ok for the one asset commonly held by working class people and not others?

[@joseroshe1059]

How in the world is taxing unrealized gains ethical at all?

[@c0wb0y.crypt0]

I love how Peter thinks everyone has options relative to groceries or that localized oligarchy doesn't take place. Tell me... Relative to Rural America where most of us only have access to 1 grocery store within 30 minutes... Does he think that somehow we suddenly have gained affordable access to all these wonderful options he keeps talking about?

[@robertheadley3483]

It was a real bad take. He acted as if Kroger was selling things for 2x as much as Publix and people are just choosing to pay more at Kroger. If there was a huge difference then places would go out of business. Anybody that ever seen a Walmart move into a small town knows first hand. As you mentioned some people don't have options.

[@wellmansrants4282]

grow your own get off your arse learn to plant raise some chickens

[@williamcrossan9333]

The exact same situation exists in Australia. The housing market is just mental. I cannot believe that a "deadly" disease boosted house prices so much.

[@mslennox5730]

It was the extremely low interest rates.

[@ChâuLệThủy]

Predicting a massive 100x surge for Cortux after it lists on Binance.

[@compton6574109]

Trump 2024

[@nguyenkhangYEF]

Wondering if Cortux will pump before XRP. It’s got potential!

[@NgocHuyenAnh]

Concentrating on BTC and Cortux, with a little ETH on the side.

[@ThatsMrPencilneck2U]

The idea that a tax on capital is going to destroy the economy is ridiculous. Nobody is going to sell off capital, just because there's a tax on it. By that logic, nobody would want an income. Now, the Income Tax is an inherently regressive tax, because the very rich do not have incomes. This tax hits hardest.on top professionals and businesses that actually create wealth. Meanwhile, those that just invest and collect rents give relatively little back, unless, maybe, you include things like their political campaign contributions. "We have the best government money can buy," Mark Twain.

[@ECUCHRIS904]

Sounds like you don't understand investing. Taxes are everything.

[@Aiguy872]

Logan Paul wants his shaky camera back

[@royshaft]

Tax on unrealised gains is the same as Phillip K Dick’s pre- crime . Not good .

[@abbeyclock4650]

Housing Crisis and Rising Costs Will Only Get Worse: because everything is financed with debt, and the cost of debt and the cost of capital, that is, interest, will continue to rise and not come down in a meaningful way anytime soon.

[@willmonson7730]

How about raising wages?

[@markbaugh6083]

It becomes more certain every election cycle that the U.S. government knows NOTHING about governing. There was a reason why you had to own land to vote in the early years of this nation, and the U.S. Senate was comprised of Senators appointed by state legislators and only the U.S. House of Representatives was comprised of congressional representatives elected by popular vote. Thanks Tom for the quality of your guests! Love your channel.

[@Jakobeejaylen]

Property tax!! Good grief Charlie Brown Christmas 🎁

[@oma_gunner]

Absolutely facts, logic, and straight talk! I don't even like this man but he is 1000% here!

[@bradleyvanzile1111]

This is not true for everyone!

[@PauliPapadopoulos]

So when would be a good time to buy a house?

[@cabot100]

When a person is ready to buy and can afford it.

[@karimbennett5651]

Harris’s unrealized gain tax would be only for those with assets if $100 million or more, and who have high liquidity. I am not saying I am in favor of it, but at least give people the correct information.

[@lynettes9533]

Correct, but, many of us believe it. will be no different than when they implemented income tax. Originally, it was just going to be to tax the rich. Once they got it passed, it didn't take long for it to spread to the upper & middle class, eventually even some working class. This will be no different. After taxing the most wealthy a few times on their unrealized gains, they will strip their wealth from them more & more, & eventually they will come for the unrealized gains from the rest of us. I am working class, high in the low-income bracket. Don't have alot, but me & my 2 kids get by. However, I am fortunate enough to be a homeowner, a small little home, but perfect for the 3 of us. However, if unrealized gains, ever did spread to those making less than 400k, & it reached me, which eventually I believe it would, I would be forced to sell my home. I would never be able to pay the fee for unrealized gains taxes. The whole unrealized gains policy, is just one more way they plan to help destroy the US economy, & start accumulating all the property. "The. year is 2030, you will own nothing, & you'll be happy"

[@havenpeck4114]

Fine I quit f the grand children and great grand children of rich men like these the free market did this I'm out

[@MisterQuigley33]

Why does it feel like the overwhelming majority of the content on this channel is recycled stuff from really old interviews?

[@noncomplacent]

Tom needs more money

[@Jakobeejaylen]

Hahaha does Tom need more money 🤑💰 10MILLIONUSD DOUBLE UP FOUR 🍀

[@deborahdavidson8541]

Really! So once you recognize the unrealized gain, do 1 adjust your basis 2 if the price goes down, and recognize an unrealized loss. 3. Do we still only get to use 3000 in losses over gain each year? What crazy can of worms! And how before they lower the income requirements to cover more of the taxpayers?

[@Dynamodel48]

It's not affordable housing problem. It's a realty and lending problem. Both the realtors and lenders are incentivised to increase the cost of the product, and most have nothing to do with the creating the product being sold. Abolish commissions on housing.

[@sercan272727]

same scheme in healthcare industry with insurance companies, oh insurance is paying this ? lets charge 4 to 10x of what any other country is charging for this service

[@user-Wojciech]

What if everyone is overcharging. I don't think there's any competition left these days. The name of the game is how much can you rip people off. Corporations produce inferior products and charge a fortune for them. There is no care for the customer like there used to be Competition between corporations has ended during CvD19. It's a new era. That's what I see in Europe.

[@TốChiêuMarkos]

My picks for the bull run: ADA, AVAX, SOL. Best presale? Cortux, no doubt.

[@amr36937]

I could not agree more. Impact theory is finding, identifying and covering black swans and negative outcome times realizing before our eyes. However I think we should start focusing on solutions, theories and positive outcomes that could come out of positive thinking to face off these dark times. Let's focus on the solution not the problem. History teaches us but we must learn and move on.

[@matthewgenovese8988]

I don’t think this guest is having a fair good faith convo with us. I have heard many solid counter points to what he is saying around taxes and housing. He dismisses everything out of hand. I don’t trust his perspective.