Inflation To Surge, Banks Will Fail: Peter Schiff Reveals Trump’s Real Impact On Economy

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Күн бұрын

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@TheDavidLinReport Ай бұрын

Try InVideo for free at invideo.io/i/DavidLin, use the code DAVIDLIN50 to get 2x the video generation credits in your first month What's going to happen to the economy during a Trump Presidency? Subscribe to my free newsletter: davidlinreport.substack.com/ Listen on Spotify: open.spotify.com/show/510WZMFaqeh90Xk4jcE34s Listen on Apple Podcasts: podcasters.spotify.com/pod/show/the-david-lin-report FOLLOW PETER SCHIFF: Twitter (@PeterSchiff): twitter.com/PeterSchiff Instagram (peterschiff): instagram.com/peterschiff/ TikTok (peterschiffofficial): www.tiktok.com/@peterschiffofficial The Peter Schiff Show: www.youtube.com/@peterschiff Schiff Radio: schiffradio.com/ Euro Pacific Funds: europacificfunds.com/

@danielhutchinson6604 Ай бұрын

I prefer the Guys who live in discarded Containers for economic advice. They seem a bit more honest.

@rogerburn5132 Ай бұрын

Well done for getting Peter Shiff . The BEST GUEST on your program so far LIKE - LIKE 👍👍👍👍👍

@harriereducation Ай бұрын

China has weapons against tariffs that Trump does not seem aware of.

@kaylalucky Ай бұрын

Does Peter know David owns some BTC?

@justfedup Ай бұрын

David, I feel as if you just had enough of Peter . U hardly got a word in!

@Jacke7111 Ай бұрын

When the morphine in the Trump pill wares off, people are going to realize that Trump didnt fix anything

@jsanders100 Ай бұрын

No, he made it worse

@Shainssss Ай бұрын

No Biden made it worse then trump and as he said in the beginning he voted for trump because Harris would have made it even worse then trump

@robertbender73 28 күн бұрын

Biden refused to removed the covid budget increases, that were supposed to be only temporary. The budget/spending needs to go back to 2019 pre-covid levels

@annsmith8343 28 күн бұрын

How many years will it take to fix what the Dems did in the past 12 of 16 years??

@GreatestAudioBooks Ай бұрын

How does the government “pay off the debt” in a debt-based monetary system controlled by private banks?

@RomanosBudGrinder Ай бұрын

They don’t.

@RomanosBudGrinder Ай бұрын

Or through devaluation of the currency of which the debt is denominated in.

@rof8200 Ай бұрын

Print cash via the Fed, run balanced budgets and keep inflation low via productivity growth

@rioriggs3568 Ай бұрын

The US will soon be worst than Italy in terms of Debt to GDP... pure insanity

@herculesrockefeller8784 Ай бұрын

Revalue gold to about $150,000/oz

@Eric-Marsh Ай бұрын

I'll argue with the claim that governments are always inefficient. After Trrump 1.0 my wife and I moved to Spain. The government run healthcare system here is not only efficient, it gets results that are far superior to US results at about 12% of the cost. Just saying. Healthcare is one of the reasons we left the US when I retired. Seven years on we have absolutely no regrets.

@charlie3134 Ай бұрын

Same here. Moving to Spain in January 🎉

@Eric-Marsh Ай бұрын

@@charlie3134 If you need a flat in Gandia we're getting some for rentals.

@mkan38 Ай бұрын

The scale of health care in Spain would not scale to the US. As with all things, the US government would further destroy it.

@adambielecki872 Ай бұрын

No healthcare in Gandia@@Eric-Marsh

@Eric-Marsh Ай бұрын

@@adambielecki872 what are you talking about? Of course there is healthcare in Gandia.

@kirknell7371 Ай бұрын

I never was a Peter Schiff fan but he makes a lot of very good points he is neither a pro democrat or pro trump he is convinced that neither party has the guts to do what is necessary to really solve the problem. He once ran for the Senate and lost on this platform it’s too bad so many politicians are only interested in getting re elected and not interested in solving the problem

@jcgoogle1808 Ай бұрын

Schiff is too simplistic and myopic on the cause of inflation. Inflation isn't just a function of the size of the money supply. This is how Friedman described the relationship to money supply and inflation. "You get inflation when growth in money supply is greater than the real growth in GDP.." Inflation.= dM% - drealGDP% This is largely why Trump didn't have inflation during covid,.. because the money supply was increased about the same amount the real GDP shrunk (or more accurately was shut down,.. needlessly come to find out). Inflation became exacerbated when theBribem admin continued to unnecessarily deficit spend 7 to 10% of GDP after the pandemic was over. Now the deficits are entrenched,. through farleftpolicy, wastefraud andabuse. But it's more than that. The minute the Bribem admin started its waronFossilFuels,.. inflation started to rise. FossilFuels are the lifeblood of the economy. The prices of everything else are founded on the prices of energy and other resources.. So more generally,.. Inflation is a function of supply and demand. The supply and demand of commodities, energy, labor, capital,.. and the supply and demand of money,.. where money has 2 sources,... 1. bank created money through lending,.. where Inflation.= dM% - drealGDP% In this case when the loans are paid back, the money supply gets reduced,.. so in bank created money,.. the money supply ebbs and flows with economci activity. and 2. government created money through deficit spending,. where Inflation.= dDeficitSpending% - drealGDP% In this case,.. the spending does not run through the commercial banks. It gets sent directly to consumers. and there is no obligation for the recipients of the deficit spending to pay it back. There is eventually a treasury created,.. but the government never pays off its debt. When a treasury matures,.. the government just issues another treasury,.. and so the money supply from government deficit spending never gets reduced. and is extremely inflationary of the deficit spending isn't matched by real growth in GDP. Even Hanke says,.. the debt fo GDP problem could be resolved if deficit spending was limited to a maximum of the projected real growth in GDP. It would be impossible to stop the deficit spending cold turkey,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP. This is where Musk fits in in Trump's plans. Which include,.. 1. Expanding fossil fuel production to reduce energy costs 2, Canceling the policies of the Bribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",... 3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD. 4. End the wars, 5. close the border,.. 6. get rid of this unproductiveDEIWokenonsense,.. 7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it. The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. and on and on,.. These all reduce government spending,.. And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP. 0 < dDeficitSpending% < drealGDP%

@mikef4071 Ай бұрын

@@jcgoogle1808It's too late

@Lexman00 Ай бұрын

@@jcgoogle1808 First, we been in a depression since 2008, I'm defining a depression here as long term trend of below average growth in GDP. Second, so you saying that the overreaction to covid under the Trump presidency that created helicopter money, aka high velocity money, and given to people to consume goods and services they were not producing, did "not" cause the general price increases of goods and services? The price of oil went up because of the self sabotage of supply lines from covid, and then the huge demand after reopening. The strong dollar actually helped against high commodity prices for Americans. Lastly, you are NOT going to "resolve" a 122% debt to GDP problem by simply "limiting deficit spending". We can't "grow our way out" of this, the debt is too high, the damage caused by years of malinvestments is too large, we have to STOP deficit spending all together. The real "solution" is that we have to let things fail, so that the market can cleanse itself, and that's the truth, sorry.

@jsanders100 Ай бұрын

Fantasy solutions to impossible problems

@jcgoogle1808 Ай бұрын

@@jsanders100 Demcorats created insane problems and offered even more insane solutions. And justifiably lost in a landslide.

@olivier98 Ай бұрын

This was a heroic appearance by Peter Schiff. His views are truly fair and balanced. Bravo!

@RonaldPaul-rs6kt 28 күн бұрын

It's time to start cutting some fat and adding more dry powder when everything is approaching ATH, crash or no crash. Looking at the seven-figure portfolio's growth estimates, I'm not sure where the market is going. Should I hang on or should I sell off my assets to prevent the panic?

@CrystalJoy-32 28 күн бұрын

Just raise enough money to go shopping in the event of a correction or crash, rather than selling everything.

@FrankPatrick-no8zo 28 күн бұрын

Such uncertainties are the reasons I don’t base my judgement on a ''heresay'' , 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.

@jose2212- 28 күн бұрын

Your advisor must be really good. How I can get in touch? My portfolio's decline is a concern, and I could use some guidance.

@FrankPatrick-no8zo 28 күн бұрын

I've stuck with ‘’Amber Michelle Smith” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

@RuthEvelyn-rc3bg 28 күн бұрын

thanks for sharing. I curiously searched for her full name and her website popped up immediately. I look through her credentials and did my due diligence before contacting her..

@roddywoods8130 29 күн бұрын

Crash or no crash, when everything is pushing ATH, it's time to start trimming some of the fat and increase dry powder. looking at the growth projections of 7-figure portfolio I can't tell where the market is headed, Do i hold on or perhaps I should just sell off assets and avoid the panic?

@selenajack2036 29 күн бұрын

Don't sell everything, just raise some cash so you can go shopping if and when a correction or crash takes place.

@JulianBarnes-dd2iq 29 күн бұрын

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

@brandywhite9317 29 күн бұрын

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

@JulianBarnes-dd2iq 29 күн бұрын

Credits goes to Sonia Nunes Demelo one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@ZengYan-ub6pp 29 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@johnnymartinARTIST Ай бұрын

David gets a gold star for his patience with Peter! That man can talk! Just watching Mr.Lin do his taxes while Schiff hits the fan is pretty amusing...

@YOTUBE8848 26 күн бұрын

lol 😂

@johnryman-f3c 16 күн бұрын

he's spinning BS

@gunfunandstuff9226 Ай бұрын

the reason Peter didn't, and never will, get into gov't office is because he speaks the truth

@jamesdean7756 Ай бұрын

No he has been wrong constantly

@chiyerano Ай бұрын

Well, he is honest, anyway.

@DarrenK-iv4ts Ай бұрын

Maybe not about Bitcoin 😅

@jeffbguarino Ай бұрын

Peter does not understand economics. Two real economists had a little debate with him and you could tell he didn't understand how inflation works. He never took economics in school. He just wings it and says what sounds good. He only made money by getting commissions. He kept predicting for years that inflation would drive up the price of gold and it didn't. In fact the price of gold only went up after inflation ended. I think he predicted the housing crash in 2008. So did I and so did a lot of people and it was a no brainer. I took one year of a single course of economics , 101 and I know more that Peter Schiff.

@ShitWrangler Ай бұрын

@@jeffbguarino All your economics has brought us to the brink. Bragging about being the managerial class that's about to be culled, choice. Thank you for easy identification, you pink collar dandy.

@RafeCruise Ай бұрын

In other words, we are f****d.

@wapiti3750 Ай бұрын

And not just a normal fuck! This one is going to be in the anal opening!

@ultramagalatino Ай бұрын

Yes.

@Discovery2024-rn8kn Ай бұрын

He's been saying this since the early 2000s. His argument may be sound and rational but markets did not behave as Peter predicted

@pedromogga6928 Ай бұрын

@@Discovery2024-rn8kn Only because they keep kicking the can down the road. Is like the Doctor who tells you every year that you are overweight and heading for a heart attack. You ignore it but one day it's too late to act. Its obvious that the debt is now totally out of control and will cause a disaster at some point.

@Eric-Marsh Ай бұрын

It may not happen tomorrow, but overall that's my take. I'm one of those who left the US after retirement. Now I'm looking at safe ways to take my money with me.

@dubasciver3234 Ай бұрын

Excellent interview. Kudos for him to fairly criticizing Trump. This means Peter is being rational and not political.

@PeterAllen09 Ай бұрын

He listed all the reasons Trump will kill the economy, but voted for him anyway.

@ingothitrust5248 Ай бұрын

@@PeterAllen09 The irony of it all lol

@damianrhea8875 Ай бұрын

@@PeterAllen09 The lesser of the two evils.

@PeterAllen09 Ай бұрын

@@damianrhea8875 I don't think you understand what evil is

@robertbender73 28 күн бұрын

He's been behind Trump along, now he's the problem? Big egoist

@carlovincent3263 Ай бұрын

So much Truth in 1 interview !! Congratulations both ))

@frankedwardark Ай бұрын

..I'm ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025.

@AmithKaury 23 күн бұрын

"DCA DCA" is the sloppy term but the key. My dollar portfolio i DCA with is made up of 30% PLTR, 25% NVDA, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388 this year.

@donovantobs 23 күн бұрын

I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?

@donovantobs 23 күн бұрын

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her

@Julian-wx2cl 17 күн бұрын

Aren't you listening to what the man is saying!!!! Your a fool if you think Trump is the solution!!! 😂😂😂

@Julian-wx2cl 17 күн бұрын

AMERICA IS BROKE FOOLS!!!!

@toddhupp Ай бұрын

good points.The USA does not have the capacity to manufacture most imports regardless of tariffs. Tariffs are a kind of sales tax on consumers.

@elihuyoungblood2943 Ай бұрын

The only thing the US produce is a consumer

@bw9382 Ай бұрын

I think Peter Zeihan makes a decent point about modern manufacturing. So I'll steal his point. It can and has come back, industry in the USA doubled this past 2 years. Given its only 400~billion each year that's very modest but still present. Also manufacturing will probably not look like a bunch of dudes on an assembly line rather 2 computer scientists and 1 engineer/technician in the middle of nowhere with a bunch of 3d printers or machinery.

@camiller4916 Ай бұрын

I’ve been making my shopping list since the election. Also stocking up on other items I will need when the tariffs hit

@sammyh2708 7 күн бұрын

Thank God I don’t live in America - you guys are wage slaves

@brianmoreland9714 Ай бұрын

Following Peter’s advice has cost people lots of money since 2008. Peter speaks about “What should be” instead of what will actually happen. According to Peter, Bitcoin should be zero yet here we are over $90K+

@bumpyearth4204 Ай бұрын

Its only 90k if you sell it at 90k

@bananacognacbeeyatch Ай бұрын

@@bumpyearth4204wow, you’re such a genius

@CharlesStickmin-f7n Ай бұрын

@@bumpyearth4204 yeap and when the top whales sell off a small percent of there coin taking the price down again all those people who bought in at 40k to 90k will be holding the bag again and when the price dips the same whale will but it all back up at a discount price waiting for people to slowly fill there bag again for them to pull the rug again. buying I hold crypto but I know what it is. and it all owned by the same top 5% of people who own everything else. but if I plan right I can still get a lil of the pie slowy every time.

@BradSabako 29 күн бұрын

Schiff will be right one of these days… but it could be 20 years from now.

@Troll-hj8gu 22 күн бұрын

Don't worry it's headed to zero before the end of Trump's presidency

@Grace.h-t8o Ай бұрын

The 2.5% COLA for 2025 provides a modest increase in benefits for Americans receiving Social Security and SSI payments, helping to offset the rising cost of living and inflation. This increase offers essential financial relief for vulnerable populations like retirees.

@Thompson-e7h Ай бұрын

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings to fall back on.

@Helen_white1 Ай бұрын

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

@Theodorebarba Ай бұрын

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

@JacobPaul-n6p Ай бұрын

This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?

@Theodorebarba Ай бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@Aarrenrhonda3 Ай бұрын

I am really worried about the current bank crisis/interest rates, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the Canada's dollar or is this a good time to buy gold?

@Dantursi1 Ай бұрын

It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.

@michaelwiebeck3 Ай бұрын

True, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $100k to approx. $323k so far.

@SteveEstrada-js9nu Ай бұрын

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

@michaelwiebeck3 Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Christine Conte for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@SteveEstrada-js9nu 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.

@JeanSo-r8u Ай бұрын

Excellent. Thank, Mr.Schiff.

@larsh2923 Ай бұрын

Apartment and housing rent has doubled in the last 4 years. Most ppl cannot keep up with the bills.

@Earth67Mars48 Ай бұрын

THEY EXPECT Trump to fix it. But it won't get fixed.

@sunnersky5996 Ай бұрын

So Trump is not going to change anything.

@bskinny9009 Ай бұрын

No but Petey has to kiss his ass.

@bskinny9009 Ай бұрын

Make it much worse.

@yt_energy Ай бұрын

He’s going to change things for the worse

@jdiwkall Ай бұрын

Sure with matt gaetz as AG among other things, USA cant go wrong

@Thyalwaysseek Ай бұрын

It's always heartening when I see comments from those who aren't sucked into the stage show. The delusion I see from people who think he's going to be the savior of America just confirms how doomed we really are, they are literally mocking us that dark MAGA is coming for us.

@boringstuff1542 Ай бұрын

So he says it would have been worse under Kamala, but then gives a 100 reasons how it's actually going to be worse under Trump. Audience capture is real with Peter Schiff.

@Andyanddiana467 29 күн бұрын

I was thinking the same thing, hah.

@aquafishsoup 28 күн бұрын

Its gonna be worst no matter who is in charge.

@boringstuff1542 28 күн бұрын

@@aquafishsoup Already making excuses.

@YOTUBE8848 26 күн бұрын

He can give 1000 reasons for Kamala if he gave 100 for Trump

@MA-jm3fu 15 күн бұрын

You guys are f**ed

@lawrencewarren3054 Ай бұрын

This is d roaring 20s all over again Great Depression is next. Then follows ww3 watch it happen

@benfox383 Ай бұрын

History doesn’t repeat but it rhymes

@Kenny-xf7dm Ай бұрын

All this posturing is at a cost and someone is going to press the big red button because they're tired of talking.

@lucanidae100 Ай бұрын

You understand👍

@Discovery2024-rn8kn Ай бұрын

All started by US of A

@MikhailFromUSA Ай бұрын

@@benfox383it repeats cause people are stupid and don’t know the history

@valerietweedie4376 Ай бұрын

I give Peter credit for telling the truth. Neither the Democrats nor the Republicans are willing to quit spending, they just spend in different ways. Peter is a Trump supporter but he knows that Trump isn't going to fix the economy - he's just going to make it worse, as Harris would have done.

@aMo12345 Ай бұрын

Peter is correct to point out the problem but the answer is what he is missing. BTC will save it it & the rest of the world while it’s at it over the next 5-10 yrs. Government needs to be taken out of the money business & simultaneously force fiscal discipline as well by offering a better off ramp from the legacy system into a new & better system of storing the fruits of your labor. If you have not done your homework, just like Peter, who continues to try to answer a new world problem w an ancient solve that is not finite (gold not finite supply), then you will lose your way. Gold is too slow, too expensive, & presents too many problems in a new technologically savy world. Peter & the gold bugs over estimate BY A SHIT TON the value of physical gold & doesn’t recognize the functional physical & efficiecy problems that gold has. BTC solved all that. As a storage of value, The wild volatility of BTC is going to dampen as the nation both adopts it on the fed balance sheet & then continues to buy it. & the world will have to follow suite, the supply crunch that it will create will send the purchase power of a single BTC (or even fractals because it’s infinitely divisible) soaring & the people of the world will need to hold some as well. The people of the world (not just the US) will have an off ramp from their legacy fiat system which is a road to no where & will fail. BTC will command the purchase power on the balance sheet to reduce the US fed balance sheet by at least 50% by 2045 if not entirely, because the purchase power will continue to swell. You will also force budgets for the sovereign nations all over the world because they won’t be able to print endlessly in their fiat currencies in the face of this new off ramp of BTC. This will make the world a safer place because NO ONE can afford a war in real time without printing money. So wars will be a truly last resort & will be scaled down tremendously if not die. BTC cannot scale with actual speed to run the world. It’s not designed for that. You will use BTC like a 401 or long term savings hold that you only use for large purchases. There will be other options for everyday spending that will be combinations of stable coins & a few key crypto projects (99% of the current shitty projects are shams & will die but a list of maybe 30 will change the world forever & for the better… So yes the cuts will be huge to spending & the inflation will slow to a sustainable level eventually. & as the world is forced to buy the BTC to get a slice it will drive the purchase power of BTC & therefore back to the US balance sheet, which ironically, is where it came from originally… the end… So do your homework, & after you do send a cheat sheet glance over to Peter… he sees the problem but not the solution. He is not an innovator or created of energy capital… he is a purveyor of the problem that the legacy world. Has created… the answer is right there in front of him but he has been in full denial for several years. Too bad.

@LQVendorFP Ай бұрын

I agree in principle, but in reality, when you have a drug addict, cold turkey can kill them. we are addicted to deficit spending and debt. Peters recipe at this stage in the patient's journey would kill the patient. Growth will come at the expense of a higher baseline inflation, as we try to protect/grow domestic industries, incentivize work, but it will be inflation in part driven by production as much as consumption (which is all we do these days). This is a 10 year affair. And what if trump can get shelton appointed post Jpow to the fed.....

@ThaRealERAQ Ай бұрын

@@aMo12345btc will save it hahahahhaha

@chiyerano Ай бұрын

@ aMo12345 Bitcoin and other cryptocurrencies have their uses financially speaking. Gold and other precious metals have uses well beyond finances and money. They are used in medicine and technology and manufacturing. Unlike fiat currencies like the U.S. dollar and cryptocurrencies, I have yet to see value of gold and other precious metals go to zero. Since precious metals are relatively rare and nonperishable and fungible and can be used in various industries, properties you don't find in cryptocurrency like bitcoins, they are less likely to be seen as a speculative financial instrument like cryptocurrency is.

@remix-yy1hs Ай бұрын

@@aMo12345shut up. Bitcoin is cia mossad honey trap

@surfer123au Ай бұрын

After years of preaching it looks like Peter finally gets his moment in the spotlight and confirmation. Buckle up.

@jcgoogle1808 Ай бұрын

@danielschmidt1353 Ай бұрын

Schiff is extremely intelligent. If you are wondering where inflation the past few years came from listen to the first half of this video. If you want to skip to the summary just go to 10:00 in. His points on government deficits along with QE is terrible for the working man.

@ernestmac13 Ай бұрын

So many financial social media channels give advice mostly to those with a lot of money invested, or to invest, and mostly talk to what benefits the wealthy. They ignore how the actions of Trump will impact working people; and how it will push more people from the Middle Class into being low income. I mean; what I have learned about project 2024; not to mention other similar projects, will devastate our economy. His deportation program alone will make new housing, food, many services, restaurants, and other products and services far more expensive. This will make it much harder for working people to invest for retirement.

@nityapatel6558 8 күн бұрын

Yep he missed out on bitcoin long time ago. What an idiot...

@grQTbVMrZ Ай бұрын

Why is there no talks about cutting the DOD budget??? Its ridiculous how big the dept of defense budget is!!!

@bw9382 Ай бұрын

Bot spotted, but its mostly because no one actually knows where it goes. The US governement legit does not even know how many bases they have. Just to repeat THE US DOES NOT KNOW HOW MANY US MILIRARY BASES THEY OWN

@WETALKINMEDIA Ай бұрын

Because it's are last strength left manufacturing has left...let them spend it

@Jsmith1515 Ай бұрын

I’m a Democrat, but at this point I just want to hand over the government to a group of 50,000 economists and CPAs before everything collapses

@davebellamy4867 Ай бұрын

They're why it's going to collapse.

@robertbender73 28 күн бұрын

Need to run it like a business, not a NFP charity, as taxpayers dont want to donate anymore.

@galanoftaa6439 Ай бұрын

Been a fan of Peter for nearly 20 years. He was right about sub prime and has been right about gold. He's been dead wrong about the dollar and the US economy. I still very much enjoy his perspective.

@pojack9979 Ай бұрын

He’s also been wrong about bitcoin

@merlindodson7562 Ай бұрын

@@pojack9979he's not wrong about Bitcoin. He says it is worthless and it is worthless. That doesn't mean people won't temporarily choose to assign a value to it anyway. Peter's company accepts payment in Bitcoin so he has some himself (and is probably selling it at these current highs) - but he knows that whatever the numbers say at the moment, at the end of the day, it's still worthless.

@scottrobertson6949 Ай бұрын

Always good to hear Peter's grounded informed assessment. For some reason I enjoy his pessimistic view of the state of the US economy and Michael Sailors wishful thinking 😮

@bw9382 Ай бұрын

Humans love doomsday prophecy-type stuff. Its part of our psychology. We find cataclysms and such exciting!

@jensmithe3624 Ай бұрын

Peter feeling a lot better this morning. This is your best video ever! Comments below are true.

@JohnDoe-np3zk Ай бұрын

I always like Peter interviews.

@SwopetheDope Ай бұрын

Things ALWAYS get worse, BEFORE things can get better. All things happen in Gods time brothers and sisters.

@jaredroussel Ай бұрын

Peter's such a genius on economic theory. I like that he brings education in addition to his perspective. I love his point that inflation isn't just rising prices, but it also has the effect of stopping prices from falling. Barring exceptional circumstances, he really must end up correct. It's cause and effect, and it doesn't matter how much we paper over the problems, the fundamentals are going to necessarily catch up. It's a complicated picture, and it's hard to say whether it's advisable to participate in the inflationary melt-up or to bet against the stock market.

@jcgoogle1808 Ай бұрын

@jceezee1084 Ай бұрын

Peter has been consistently wrong since 2010. I mean a 14 year track record in being wrong is quite something. If you have listened to him and just brought gold you have *lost* money when adjusting for inflation.

@jaredroussel Ай бұрын

@@jcgoogle1808 But fundamentally, inflation is just a function of the rate of growth of the money supply with real GDP just offsetting that growth. I think Peter is fully aware that real growth can mask inflation, but what he's arguing is that we're not actually growing at all in real terms. We're just being thrown out wholly fabricated, decorated figures from the government all while the economy is plagued with weakening fundamentals. That gold is telling that story, especially globally. Consumers are feeling the true economy underneath the noise. We can indeed grow our way out of a rising *rate* of inflation, but it still doesn't solve the overall problem that deficit spending will continue to outpace any future growth we make in it without austerity measures. We need both things, to your point. I think there is the exceptional case where we experience a quantum leap in the economy borne through AI, and that's been what I've been pushing others to bet on. I think these are novel times that may defy economic gravity, but Peter's case is mostly just that this time isn't different and that this is just another house of cards coupled with the same bubble hysteria we always see. How can anyone deny that possibility? He may damn well be right, but I'd just rather bet long for the future than bet short for a regression. I think he's wrong on crypto despite being right about gold. I think it's we're going to begin to see gold and top crypto movements start to couple initially until they can erode the phony paper market to move toward an ETN market that reflects the true value of PMs and other commodities. As for the markets... the way I see it: if we have a huge melt-up, we're insulated from the short-term impacts of inflation and everyone in the market is screwed together. Mutually assured destruction. If we have a melt-down, it will be short-lived because we are not going to be stopping the progress of AI/tech for anything. Everyone knows it's our future. The worst outcome I see is a global sovereign debt crisis where we're all bled out for an extended period of times so these old money barons can come in and scoop up everything tech for dirt cheap. I don't think the crypto nor the stock markets are strong enough to endure that possibility.

@jaredroussel Ай бұрын

@@jceezee1084 Yeah when you're basing it off of the ridiculous PM spot market. I think you should wake up and realize that that's going to vanish into thin air if people ever wanted their commodities. Upwards of 90-95% are phony paper trades. And we're seeing governments want their commodities. And if we're shifting into a crypto future with a metals market, you may see people wanting their commodities even more to offset the increased volatility of a ridiculously large pool of competing cryptocurrencies rife with security vulnerabilities and the like. Also the stock market is NOT the only indicator of real growth; it hides inflation within it. So you can't just go and simply determine what inflation rate is and compare it dollar-for-dollar to the spot price of gold. "Losing money" is relative once you start to see these markets cave in on themselves. This is what happens when we deviate from market fundamentals and the entire economy enters into a mass speculative hysteria.

@henrykasiita9470 Ай бұрын

Always makes sense. Speaks the truth.

@Dwayne-765t Ай бұрын

I’m ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025

@user-567-ut Ай бұрын

Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.

@Griffinguardian Ай бұрын

”DCA DCA" is the sloppy term but the key. My dollar portfolio i DCA with is made up of 30% PLTR, 25% NVDA, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388 this year.

@jonathanxxxx876 Ай бұрын

wow!! this is impressive.. how can i reach this advisor if you don't mind me asking?

@Griffinguardian Ай бұрын

Sophia Irene Powell is the advisr I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

@LemonTwistSmiles Ай бұрын

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

@stephanelaymond3354 Ай бұрын

Always a pleasure to listen to Peter. (Except when he has a rant on btc 😆) Straight shooter, no BS guy.

@35yrBreakup Ай бұрын

The policies Peter is speaking about of cutting spending, tightening belts, increasing savings etc., are standard macroeconomic policies that the U.S. has ignored for years. At this point, the U.S. economy is so far off the Golden Rule of economics that it would take quite a while for us to save and reduce consumption in order to bring economic balance back to the economy.

@bw9382 Ай бұрын

The solution is to inflate more so the government can dilute the current market and have a mostly fresh start.

@sudo2998 Ай бұрын

First time anyone on KZbin has said anything meaningful since the recent bubble began.

@brightmind5345 Ай бұрын

few people talk rationally like schiff in this mad world now..

@katrinal2969 Ай бұрын

Forget about college, studying Economics is better here! Can't beat Peter Schiff's lessons!! All learnt. 💯

@comic-sniper Ай бұрын

Peter hits it out of the park again! Great show. Already looking forward to Peter's next appearance.

@4strings707 Ай бұрын

Thanks to Peter for bringing us back down to earth.

@sandrawynkoop9549 Ай бұрын

The biggest waste is paying Senate and Congress way too much.

@crikey47 Ай бұрын

Where do idiots get this. They make 175 a year. That's less than a lot of professionals. Less than I made, what the hell is wrong with you idiots.

@wapiti3750 Ай бұрын

David Lin possesses "The Magnificent Mop!" The towering rooster tails he sports are wondrous and spectacular. I see nobody who is even in the same league as Lin. I actually get depressed when he gets a haircut or a trim.

@davebellamy4867 Ай бұрын

David Lin and Chubbyemu. Difficult to choose.

@silverbullet1352 Ай бұрын

Peter calls balls and strikes. And, he voted for Trump. After listening to this, one thing was clear and consistent with what I have been saying: inflation was caused by Covid, Trump, and the Fed. Biden was just the cherry at the end. So, the American people were duped again as to how inflation came about and who created it.

@Shainssss Ай бұрын

No he said Trump did spend but Biden broke the record so no Biden wasn't just the cherry he was the whip cream and the banana trump was the ice cream but the continuation and double of Biden spending made it worse when he could of help subside some and start on the road to fixing things instead Biden doubled down on it so go ahead hear what you want completely take out the fact that Biden broke the record.

@BradSabako 29 күн бұрын

No, he specifically said the Biden inflation is yet to come.

@YOTUBE8848 26 күн бұрын

Seems you listened to only the convenient parts of what Schiff said.

@Resmith18SR Ай бұрын

David's hair is higher than Bitcoin today.😂😂😂

@scottstefan1 Ай бұрын

It's following the SnP 😂 David has great hair and a great show 🎉

@dustinmiller2775 Ай бұрын

H.O.D.L. Hair gel 😏

@Resmith18SR Ай бұрын

@scottstefan1 Yes, Thanks.

@fivestarlimos Ай бұрын

He need to fire his barber and his personal trainer 🤦🏻‍♂️🤣🤣

@wapiti3750 Ай бұрын

His hair is truly magnificent!

@davebellamy4867 Ай бұрын

Peter is about the only person who can describe everything that's wrong with the economy in one 5-minute ... sentence!😂👍👍👍

@pwee507 Ай бұрын

😂😂 I love him though.

@maxlewin7807 Ай бұрын

True

@WInnerwinnerchickendinner. Ай бұрын

Peter is the biggest losing of all time with his predictions.he was telling people to get rid of their bitcoin and buy gold when bitcoin was $400.It's $90000 now and gold has made nothing for his followers.Poor old Peter the broken record.

@PeterAllen09 Ай бұрын

It's amazing how often I read that exact same sentence on different finance and economy videos.

@johnryman-f3c 16 күн бұрын

not true

@chrisberinger5815 Ай бұрын

This is one of the best interview you've done yet. I love peters perspective as it relates to the election. It makes sense.

@DjmMik Ай бұрын

I have been saying for years and years that the debt crisis (and it is a crisis) will never be solved because no one will vote for across the board austerity. The only political policies that can help alleviate that mindset would be strict term limits and a balanced budget amendment. By the way, Peter is spot on with his analysis.

@Eric12358 Ай бұрын

@@DjmMik tax the billionaires and top 1% too. Billionnaires only pay a fraction of the rate that janitors do. But nobody has the courage to do it.

@BradSabako 29 күн бұрын

@@Eric12358not true. When you look at all the payroll taxes these billionaires pay plus their personal taxes, it’s in line with everyone. Taxing billionaires more does nothing to impact our deficits. It just Dr-incentivizes them and they move their companies offshore, hurting jobs.

@jonaslim8594 Ай бұрын

The truth will one day will surface up then the world will be in great awakening. Sad for many will burnt, only the wise will survive and maybe hyperbolic gain.

@LDP.. Ай бұрын

16:00 I love the fact that you show the proof of some of the claims !! This way you know exactly what was said and if the information provided is trustworthy !! Everyone should do this !

@jackcrackerman Ай бұрын

I'm not a Trump supporter, but i do agree we are on track regardless of either candidate for hitting an economic crisis.

@MatthewRoszak-h1u Ай бұрын

Thanks for continuing updates 👍 I'd rather trade the stock/crypto market as it's more profitable. I make an average of $34,200 per week even though I barely trade myself.

@DarylSchwartz-w7y Ай бұрын

Hello, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please can you advise on how to go about this?

@MariagethEmpremec Ай бұрын

Jeff Garzik is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.

@RyanKim-k2q Ай бұрын

YES!!! That's exactly his name (Jeff Garzik) so many people have recommended highly about him and am just starting with him 😊 from Brisbane Australia🇦🇺

@Jayshetty880 Ай бұрын

I will advise you stop investing on your own and seek for a good professional guidance, I don't invest on my own anymore, I always required help and assistance

@R.w.Hedges Ай бұрын

I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimony on CNBC news last week.

@ClearGlassStudios281 Ай бұрын

Bitcoin at 1 million. Peter schiff: These idiots!!

@ultramagalatino Ай бұрын

Butcoin is the cbdc. Lol

@neonovalis Ай бұрын

In this system with so much money printing even BTC at 1 million is thinkable.

@lepton31415 Ай бұрын

1 million worthless us dollars. so what?

@ma2i485 Ай бұрын

The problem with the BTC proponents is that they are so sure BTC is going to be money or reserve currency which will take over the USD. This is why they are making mindless predictions of its price and HODLing. The Government wont allow crypto to be legal tender because it would be unconstitutional and would take away their reckless spending power @lepton31415

@Kitten_Stomper Ай бұрын

Bitcoin market cap flips the gold market cap. Peter Schiff: Bitcoin has no value! Bitcoin is nothing! Nothing I say!

@marcoinmiami Ай бұрын

I've been listening to Peter since 2014👍

@Silver_Man_69 Ай бұрын

I always enjoy your interviews, David. You ask the right questions.

@bdek68 Ай бұрын

People need to realize that things are very different in 2024 then they were in 2016. 16 PE compared to 25 now. .5% fed funds rate compared to 4.75 now, 10% of tax receipts for interest expense compared to 25% and climbing now. We are screwed no matter what! He will get it back but not until we go through a long recession. Baked in but it’s ok! It will lower prices !

@abrarahmed5462 Ай бұрын

Peter is a sane voice in these insane times

@davebellamy4867 Ай бұрын

12:35 Here Peter says exactly what Prof Steve Hanke said. It's the money supply.

@jcschwarb Ай бұрын

Great video David and Peter!

@briannewman6216 Ай бұрын

US tariffs are great for the rest of the world. The US tariffs means that the rest of the world consumers are no longer competing with US consumers who are paying with the world reserve currency.

@stevenkellysillick4042 Ай бұрын

You won't be saying that after other countries place tariffs on digital consulting and fnancial services for corporations traded on wall st s&p, registered in DE, etc.

@larsh2923 Ай бұрын

@@stevenkellysillick4042As an EU citizen I cannot buy an American ETF, they are forbidden in the EU.

@stevenkellysillick4042 Ай бұрын

@@larsh2923 yes you can, you can give your money to someone in the states and in trust as your agent he can conduct your will by virtua

@rogerburn5132 Ай бұрын

US Dollar has lost 50 % of it's value against Gold in only 6 years from 1300 dollars per ounce to 2700 dollars per ounce 🥇🥇🥇🥇

@jceezee1084 Ай бұрын

Now do bitcoin

@edwarddiaz1130 Ай бұрын

@@jceezee1084damn, you beat me to it 😂

@eliot5220 Ай бұрын

Ask Peter what he thinks about bitcoin. People keep trying to make up crap to create value. You only create value by creating value. Gold is stupid and bitcoin is stupid. A company that makes something has value. Raw materials have value.

@eliot5220 Ай бұрын

Ask how many Americans carry around a gold bar. People have been sold the idea that gold is valuable. That comes from thousands of years ago. The only reason that gold even is traded is because people are arrogant but not smart. So they want to believe that there is a solution to greed. But the only solution is to stop being greedy. You can’t just make up something because you want to believe there is a solution.

@eliot5220 Ай бұрын

God man what is wrong with you David. Bitcoin is stupid. It’s just made up BS. I’m so amazed at how stupid supposedly smart people are. If anybody can create crypto with no limit why would you believe that it’s going to be valuable? And I know someone is going to say well the government keeps printing money but the difference is the government can enforce laws and individuals can’t.

@Soapgirl64 Ай бұрын

The rich need to pay their fair share. Generating revenue… not cutting that revenue

@briangriffin2905 Ай бұрын

According to Trump & his MAGA supporters that sounds like radical left wing Marxism.

@bskinny9009 Ай бұрын

So Harris would've been better.

@Soapgirl64 Ай бұрын

@ yes. That was her plan. The tax cut for the rich doesn’t expire until 2025. We’ve still been dealing with all that lost revenue which adds to the debt which adds to inflation. Her plan was to clearly INCREASE taxes for the rich. Trickle down doesn’t work. Ever.

@richardjanes5452 Ай бұрын

The Rich pay there share. They just use the Strategy…..which was put in place. To pay no taxes. The Rich live off their Assets. 👍

@sufficetosay Ай бұрын

It's not the rich so much as the large corporations that end up paying very little or no tax. Taxing individuals no matter how rich wont get get us much of anything.

@andrewervie4941 Ай бұрын

I voted for Harris and knew the circumstances, but I believed Trump was gonna be worse for the debt 💸 and inflation 📈.

@scottsum1319 Ай бұрын

The lady (if we can call her that) blew thru 1B (ie.billion with a Capital B) in 3mths with 20M in debt. Trump raised

@PeterAllen09 Ай бұрын

You were right

@IdentityBlock369 Ай бұрын

Harris spent 3 times more than Trump in the campaign and still went over budget, That should tell you what She would do with a multi Trillion dollar budget

@zebraallday8332 Ай бұрын

Trump will do better than Harris ever could. I guess one of us will be right. Time will tell. We need radical change in many institutions.

@Evelyn32423 Ай бұрын

I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?

@Alden457 Ай бұрын

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

@Thomas43211 Ай бұрын

Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

@Scarlett34568 Ай бұрын

Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?

@Thomas43211 Ай бұрын

“Sophie Lynn Carrabus” is who i work with and she is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.

@Thomas43211 28 күн бұрын

“Aileen Gertrude Tippy” is who i work with and she is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.

@1337Frederick Ай бұрын

I don't see manufacturing returning to the U.S.. The predominate outlook in the industrial sector is places like Mexico, where labor is approximately 22% cheaper than China. Let's not forget shipping costs. I think raw materials acquisitions are becoming more readily available in the south as well.

@grsafran Ай бұрын

The Twitter example was a ridiculous example. He's Managed that company to almost half of its value.

@vincedavid7256 9 күн бұрын

Had Musk never bought it, Twitter would have been worth twice or three times by now as a public company with a growing platform and likely would have been considered an AI stock to some extent with a valuation to match.

@shadowknight7976 Ай бұрын

David I love this guess I don't agree with everything Peter says especially on the dollar but Peter calls it like it is that's why I love Peter he's been doing that since early 2000

@actualfacts1055 Ай бұрын

The public knows what the economy is, propaganda won't sway them.

@stevenkellysillick4042 Ай бұрын

Another crypto "All-In"er

@bw9382 Ай бұрын

Literally wrong the public believes the propaganda, that's how we got here and why nothing has happened yet.

@rodpetrie1088 26 күн бұрын

Felt I learnt something from this interview. So good I listened to it twice.

@tshandy1 Ай бұрын

Good thing Schiff voted for Trump. I'd hate to hear how negative his prognostications would be if he hadn't.

@hurleywilson7246 Ай бұрын

haha the irony...

@davebellamy4867 Ай бұрын

😂😅👍👍

@yt_energy Ай бұрын

Voting doesn’t require fealty

@neviswarren Ай бұрын

Schiff makes so much sense. ❤

@JonathanMoore-k1k Ай бұрын

I'm 47yrs old. $22,000 weekly and I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!❤️

@KillaPunch Ай бұрын

I'm highly inspired. Please spill some sugar about the weekly stuff you mentioned.

@JonathanMoore-k1k Ай бұрын

Maria Luisa Clare is to be thanked. I got my self my dream house 🏠 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through trading with her. Christina A. Tucker is the kind of person one needs in his or her life!

@Spenser-v1u Ай бұрын

< I know that woman(Maria Luisa Clare) If you were born and raised in new York you'd know too, No doubt she is the one that helped you get where you are!!

@KillaPunch Ай бұрын

How can someone get connection to that Woman y'all speaking bout !!!?

@Spenser-v1u Ай бұрын

There is her line!!! under this comment!!!👍🏻👍🏻👍🏻🔁 Put the digits together.

@javiertorres9114 28 күн бұрын

This is one of the most unbiased podcasts about inflation in regards to who to blame

@mattsmith8497 Ай бұрын

I fuckin love this guy

@PAULHALLINAN-e6z 29 күн бұрын

David lin is the best news interviewer a permanent guest of our countrymen

@EdwardPrescott709 Ай бұрын

Thank you for your videos mate.... With Trump's presidency, economic shifts are expected to be significant, especially given the current recession and the potential impact of future rate cuts. Although rate cuts might not boost inflation as hoped, they may lead banks to further restrict consumer and corporate lending, contributing to a deflationary period for various assets. This environment could result in declining stock values, retail and housing sales, and rising unemployment due to layoffs. For investors, a diversified portfolio especially with stocks and cryptocurrencies offers some protection, serving as a hedge amid volatility. Both long- and short-term trading strategies can help manage risks, providing stability as markets adjust. I have managed to grow a nest egg of around 130k to a decent 632k in the space of a few months... I'm especially grateful to Harry's Dent., whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

@EdwardPrescott709 Ай бұрын

He mostly interacts on Telegrams, using the user-name,

@EdwardPrescott709 Ай бұрын

@MiltonHarper

@kbs734-j8n Ай бұрын

Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.

@AnthonyFisher951 Ай бұрын

Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.

@CatherineMason425 Ай бұрын

Milton's analyses delve deeper than surface-level trends, encompassing technical, fundamental, and sentiment analysis to offer a comprehensive view of the market.

@carolynbrzezinski5779 Ай бұрын

Great guest David. 👍👏

@Travelbythought Ай бұрын

Even if Ron Paul was president, he couldn't save us at this point. Fun times ahead. Let's hope Trump doesn't take all the blame for 40 years of debt and money printing.

@kenhoneycutt2046 Ай бұрын

He wanted the job and it comes with it.

@hahamasala Ай бұрын

He was responsible for 4 years of it already and he'll own it for the next 4. Look up his Taper Tantrum. That definitely didn't help.

@dabeage Ай бұрын

Oh I don't know. He isn't going to live long enough to see the end of his Presidency. I don't see the Heritage Foundation allowing it.

@Kevin-p1z Ай бұрын

Ron Paul is an idiot.

@jwinters9974 Ай бұрын

Republicans overall are to blame starting with Reagan and trickle down economics.

@gregabrams5792 Ай бұрын

The fact he said he is not permitted to be fired shows who actually runs everything

@user-friendlyhuman Ай бұрын

Peter Schiff is one of the greatest educators.

@ultramagalatino Ай бұрын

But he still doesn't understand the matrix is all fixed. They will rug pull when they want. It's not a free market anymore.

@Discovery2024-rn8kn Ай бұрын

Yes but no so great investor, had people invested in S&P instead of gold and mining stocks since 2020 the gain spread world have been near 90% spread

@gabrielgomeziphone Ай бұрын

What about Platinum? David is Lithium Americas Corp (LAC) in a cup and handle chart pattern?

@rkafulani Ай бұрын

This is the most indepth breakdown of what's going to unfold that I have listened to thus far. Peter cuts through the BS and gives us the hard truth. The mainstream media failed to break down this reality to the electorate. We need more people like him.

@jcgoogle1808 Ай бұрын

@SouthCoastLimited Ай бұрын

Peter my Mentor, David my trusted source. (& hairstyle!)

@Venkatmohan2000 Ай бұрын

Hilarious watching David CRINGE as Peter kept slamming Bitcoin as a worthless asset! 😂

@bw9382 Ай бұрын

I cannot comprehend how people trust Bitcoin as a solid investment; if people just acknowledged it was the currency for crime, that would be fine. I would want an easy way to invest in stuff like the cartel, fentanyl trade, banking fraud etc too so I would invest in it if it were like that but right now its just rabid speculation.

@RJALLDAY616 Ай бұрын

The dollar is used for crime magnitudes more than Bitcoin...😂

@12345628620 Ай бұрын

@@RJALLDAY616 oh yeah !??? all the hackers are asking for us dollars to be deposit in their bank account

@dand4075 Ай бұрын

Thank you very much. Gold has been clobbered recently..

@fadodohilario Ай бұрын

17:47 In Portugal, we have been tightening our belts since 1980. So who has to tighten their belts now? After 40 years its obvious that the ones who needed to tighten their belts the most were the ones who didn't.

@jimflynn9728 7 күн бұрын

Thanks David! I enjoy your style of interviews.

@kenhoneycutt2046 Ай бұрын

I’ve always done better under Democrats

@SK-fp4ed Ай бұрын

That's because they spend and it appears good for the economy. However, it is not sustainable. We can no longer kick the can down the road.

@cockyhemi Ай бұрын

So has Harris. 🤣

@siddg1463 Ай бұрын

Nancy Pelosi has done better than all of us under Dems 😂

@manuelferreira2573 Ай бұрын

One of the best and fascinating interview and smart 👍👍👍

@WHATABOUTPIZZA Ай бұрын

The man the legend. Peter Schiff. Click, like, watch, comment, subscribe, buy gold. 🙌👍🏾🐻‍❄️🏦🚨👋💛🪙💰🔑💴💲🏧🧧💳💸🤑

@user-hm5zb1qn6g Ай бұрын

Schiff making some very valid points, as usual. I'm grateful Trump prevailed over KaMALA, but it's foolish to think he's got any fiscal discpline whatsoever. And that's before taking into account that the Senate or House will never vote to cut spending.

@itsParadisebaby Ай бұрын

Trump should've honestly included you in his cabinet.

@Discovery2024-rn8kn Ай бұрын

No he wouldn't, despite voting for him Peter is a fierce critic of Trump and against more stimulus

@josephl9619 Ай бұрын

That would be like my wife taking our accountant with her when she goes shopping

@limlisa Ай бұрын

T@@josephl9619that should be done

@mkan38 Ай бұрын

Hell no

@DoodleHats Ай бұрын

trump wants loyalists above absolutely everything. Truth will be secondary

@KatrachiitoSchultheiss Ай бұрын

Thanks for the forecast! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

@WayneShaw-r6j Ай бұрын

With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.

@JesseWatford-qe9sv Ай бұрын

I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.

@SandraElliot21 Ай бұрын

Do you invest with a professional broker?  I'd appreciate it if you show me how to go about it.

@WayneShaw-r6j Ай бұрын

Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.

@WayneShaw-r6j Ай бұрын

Use her name to quickly conduct an internet search.

@WayneShaw-r6j Ай бұрын

SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.

@ChineseAmerican50 Ай бұрын

In essence, trickle-down economics doesn’t usually stimulate broad-based growth, and by increasing inequality, it can actually undermine long-term economic stability and growth.

@kenshinhimura5960 Ай бұрын

when bitcoin was at 60k this guy said he is bearish on btc and its going down to 20k in 2024.Never right

@DonaldMark-ne7se Ай бұрын

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

@Jamessmith-12 Ай бұрын

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

@JacquelinePerrira Ай бұрын

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

@kevinmarten Ай бұрын

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

@kevinmarten Ай бұрын

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

@Jamessmith-12 Ай бұрын

how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your succedss??