🔴 LIVE: Bitcoin vs. Gold Debate! Scaramucci & Voorhees vs. Roubini & Schiff

[@bentaye]

When Rubini started with "the US economy is doing pretty well", Schiff was like "the fuck is this guy in my team?"

[@A-RonHubbard]

🤣IKR! There's not very many that are as bearish on the US economy as Peter Schiff is. Though Nouriel and Peter are at odds with that, they both agree when it comes to Bitcoin. I actually thought that Peter had more in common with Erik, and Nouriel with Anthony when it comes to the US Economy and traditional finance.

[@Snookynibbles]

@@A-RonHubbard Can substitute “bearish on the economy” with “clear-thinking about.”

[@banhammer3904]

@@A-RonHubbard I was surprised he said that, too. Millions of layoffs and people are still pretending the economy is just fine. The Great Depression was better than this.

[@helterskelter156]

And they called Rubini “Dr. Doom”. You can’t make this up!

[@Snookynibbles]

@@vintageaudionirvana2362 I’d suggest you gave a faulty oreintation. I’ve been invested with EuroPacific Capital for 18 years. A weakening dollar sees my Asian & PMs perform while dollar-denominated mutual funds suffer…and the converse is true. PMs are the life boats 🚤 on the ocean liner called “US Dollar”. We’re now in the phase of acceleration of our fiscal collapse that will lead to a monetary crisis. Presently, one can’t hardly own enough PMs….the bigger the life boat, the better.

[@MarkDice]

Excellent debate. As much as Bitcoin sounds like it fulfills the criteria for a currency, Roubini and Schiff clearly show the flaws that Bitcoiners either deny exist or can't fix, despite it's philosophical appeal to libertarians.

[@islandbee]

Peter Schiff and Roubini have been using the same arguments that many have been addressed by the evolution of the technology of Bitcoin solutions, or just ignorant statements like Bitcoin being block chain letter. Bitcoin and chain letters is not even a comparison that has any validity.

[@user-hc5hy3lm7k]

The most important criteria for money that the con bit does not fulfill is that it must exist in the real world, not in imaginary fantasy land as in an imaginary token. It does not require drawing a picture of a gold coin to fool people that an imaginary token exists in the real world.

[@briangranger1741]

@MarkDice I have come to the exact same conclusion. over the years you pop up in my you tube experience and have always made me feel sane, thanks! 😀

[@Andrew_2414]

@@user-hc5hy3lm7k so, 90% of international trade doesn’t rely on money. You don’t use money when you buy groceries, or shop on Amazon. If your definition of “money” includes a requirement that it must be physical, then you’re basically saying that money isn’t a common medium of exchange… which is the complete opposite of the common meaning of the word “money.”

[@Andrew_2414]

They did nothing of the sort, they just displayed their intellectual dishonesty. Schiff rejects Austrian Economics only when talking about Bitcoin.

[@David.ALeitch]

Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do

[@JeffMcCormick-l1n]

I have heard a lot of wonderful things about Kate herman on the news but didn't believe it until now. I'm definitely trying her out

[@tegaho34]

Though I started with as low as $15,000 actually because it was my first time and it was successful, She's is a great personality in the state

[@Yeoman-n1x]

Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with Mrs Kate Herman

[@BeckyJames-g7m]

+1

[@BeckyJames-g7m]

785

[@boracho9964]

Schiffs logic is solid as a bar of gold

[@BullsEye3333]

@boracho9964 What in the holy hell are you talking about? Peter throws out all of his principals when it comes to bitcoin. Bitcoin solves so many of the problems he's been talking about for so long. Yet he says it's worthless just because it's digital.

[@banhammer3904]

Not that it is digital but what is backing it? Hype doesn't count. What can you spend it on? Nothing because no one wants it.

[@BullsEye3333]

@@banhammer3904 It's Peter's silly gold coins that you have to sell for real money (dollars or bitcoin) to buy something you really want.

[@banhammer3904]

@@BullsEye3333 Yeah, that's not exactly correct. It's recognised legal tender in some states for settling payment. Are you going to use it in a store? Not likely.

[@banhammer3904]

Six states, actually. Texas, Kansas, Utah, Oklahoma, Louisiana and Indiana.

[@andrewraffan1597]

God Bless you Peter Schiff. I’m on your camp 100%. You won hands down my friend. Gods money we trust!.

[@michaelholmes8848]

Peter is a joke at this point and anyone who listens to him will lose money.

[@andrewraffan1597]

@@michaelholmes8848 the jokes on you with your foolish , short sighted opinion.

[@michaelholmes8848]

@@andrewraffan1597 it’s not an opinion, it’s a fact.

[@michaelholmes8848]

@@andrewraffan1597 have a look at how poorly his fund is performing. Stack up the performance of gold v bitcoin over the last decade. Adjusted for inflation gold is trash.

[@xxxbadapple]

Multi trillion dollar economy.. good luck finding the gold to back that. Have fun trading nuggets every where you go. Great plan.. Hey i'd like to buy something on ebay from japan.. ok just ship us this much gold.. hope the price doesn't change before it gets there. Just stupid

[@totalbullion5882]

First thing Roubini says is that the "economy is doing quite well" .............All credibility lost before he could even get started LMAO.

[@Alloytribe86]

Yeah wtf was that. I wonder if he's adding in foreign markets in his analysis 😊

[@rawjhaw]

he's an establishment shill - controlled oppo if you ask me

[@bellad1063]

I am 😂😂😂 he can’t wait to shut the nonsense down and clean up the mess!!!

[@vintageaudionirvana2362]

This guy is a complete jackass. Doesn’t understand technology at all . And seemingly doesn’t understand money . He compares bitcoin to sand, saying that sand is scarce, but it doesn’t have value. Wtf? Or that the deflationary currency cannot support an economy. The US had a deflationary currency for the first two hundred years of its existence . Anyone that wants to lose money should listen to this imbecile..

[@iminlastplace]

😂😂fax 📠

[@JohnnysWorld777]

My corrupt to the core government knows where my Bitcoin is, but they don't know where my gold is.

[@bahmak2003]

The stu pidity with this is strong 😂😂😂

[@420Gold]

Your government can shut your power off tomorrow (as they likely run it) and stop you from using your crypto as well.

[@frand1678]

Try selling more than 10k usd of gold without having to prove the source of the funds and without being suspected of money laundering ! Good luck !!

[@Snookynibbles]

@@frand1678 Somewhat speculative. With hyperinflation, retail & medical would jump through hoops to receive the metal, a currency that holds purchasing power.

[@Josh-xe5vi]

Just because they do, doesn't mean they needed to. Just like the gold, you could have purchased non-kyc.

[@doordashapocalypse1064]

scaramucci gives me weasel vibes

[@Johnny-rj6ou]

100%. He would give used car salesmen a bad name. Checking his phone was a nice touch.

[@landshark7154]

Websters should rename "taint" to "scaramuccii". It just seems right.

[@aab-el9bd]

His use of the term "hershey highway".

[@paulkieffer1189]

Schiff is the creepiest guy I’ve ever listened to.

[@420Gold]

The Mooch!

[@olivier98]

I am always tremendously impressed at how strong a speaker Peter is -- no notes, just calmly and deliberately providing his arguments with a bare minimum of verbal slipups or ticks. He is a textbook on public speaking and debating.

[@ntfsntfs5282]

And he is 61! Although Voorhees is good, too

[@NaiveUkulele]

Yeah, he sounds pretty smart… until he starts talking about Bitcoin.

[@ntfsntfs5282]

​@@NaiveUkuleleit's like you miss the point. Bitcoin is like a folder on smb's computer. It is most secure, unbreakable, limited folder on a computer system. You can store your files in the folder and it can be useful for you, but you can not make an earring from it, nothing physical can be done from it and that's why it is in Peter's opinion Santa Claus. And yet Bitcoin can and will go over 1M one day cause many find it useful to store their digitial nothing in digital folder and also because Sailor himself owns about 1% of the entire Bitcoin supply and will probably buy more. He is suceeding in cornering Bitcoin, nobody can prevent him from doing that, and once he trully corners it the price will go parabolic to 1M, even to 1B sucking in more and more fools. My crystal ball says some other country will soon adopt this digital folder as "legal tender" that nobody uses as a payment for goods (just like 99% of El Salvador's people). An African country as it will be easier to pribe goverment and boost Bitcoin even futher. Some will benefit from this buble that is far from over and many will loose every penny they put in it

[@tekkertruth1256]

​@@ntfsntfs5282voorhees is terrible! Poor arguments and no compelling arguments. He even ask questions that do not help his arguments.

[@Dub5673]

Again, Peter's mental acuity, knowledge of economics, history and general common sense shines through in this discussion. Hard to debate this man. He's on-point to the next level. I can see why Saylor hasn't done it.

[@gerardoramirez5816]

God doesn’t debate with humans, he lets them learn from their mistakes once they have fallen in the hole. He has many other things to do.

[@santoyoarmando81]

For all we know, Peter is satoshi. 😂🤣😂

[@JohnnysWorld777]

Gotta love Schiff calling out the gold advertiser... $10,000 in "free gold," that's a little "fishy"

[@Jakkaribik1]

Free Money is not always good because People could Bail and just take the Bonus..

[@Jakkaribik1]

Long Term Gold is the Key

[@mdevvvo]

the most opinionated and slated person in this debate was the moderator

[@sorrycharlie4127]

Yeah that guy's got a giant forehead!

[@craigenputtock]

Well let's face it, he did a good job in that lions' den

[@rawjhaw]

every single one of these BTC/crypto cheerleader types are all paid shills in my opinion.

[@JeffMartin1]

I'd like to see this same debate with Lyn Alden as moderator

[@roguewave1060]

@@JeffMartin1 She is also totally pro BTC.

[@Hh-yd3dj]

Ahhhahaha. Schiff sitting on the same side of the table as a guy that said 'pay your fair share'... hahaha..Peter had to hold his hand down to stop it from backhanding.

[@rawjhaw]

did you see how Pete was squirming in his chair as Nouriel first started talking about how good the economy is doing? LOL. And then when Peter started spitting the truth, Nouriel could do nothing but sit there and stare in silence like a deer in headlights, when he KNEW Peter was right.

[@az4x4]

You got that right!

[@bobconder3163]

Peter is the only person in the world who can explain gold in a rational way . The Bitcoin guys have to jump thru hoops to explain their view.

[@aussieebayfashion]

I stack gold and silver and abit of Platinum. I pull them out of the safe from time to time and play them in my hands. I have no intention of ever selling them unless I'm forced to. I also buy Bitcoin and Solana, my only intention is to one day i sell them for a profit. I love my metals.

[@mdevvvo]

its hilarious that 15 years after BTC was created the only use case these guys can come up with is "well, i could send money to someone in Russia"

[@TheAdamAdy]

Fixed supply?

[@1984Cece]

The reason is because you can send anything that does not exist in second. Those are your meaningless arguments. Gold is the King.

[@user-hc5hy3lm7k]

@@TheAdamAdy There is an infinite supply of pieces of nothing and blockchains of nothing !🤣

[@V-Lo78]

And they would still have to covert it to their currency to use it.

[@CG-uy6nk]

@@user-hc5hy3lm7k he says it has fixed supply, which is true, and your answer is "there is an infinite supply of pieces"? I mean wow, anyone reading me knows we're dealing with some kind of special individual

[@zacharysutton-giglia2346]

Lol “that’s a bit fishy” sponsor message

[@bentaye]

Roubini is insufferable

[@bassmanjr100]

He should go pay some more taxes and shut up. The masses demand more payment.

[@geoms6263]

he is just a sad person

[@dmarenda]

If he likes so much paying taxes, he should give 100% of his gains to the goverment...

[@abramtaylor7575]

Gold is money. Everything else is credit.

[@bahmak2003]

lol gold bugs are keep babbling this nonsense! 😂😂😂 If bitcoin is credit where is the iou created?

[@rogerthomas3802]

With tether. BTC is nothing without printed stablecoins

[@bahmak2003]

@@rogerthomas3802 lol there is bitcoin before tether! Tether does even exist on etherium as an erc-20 token. It’s the tether that’s an IOU of bitfinex.😂😂😂

[@bahmak2003]

@@rogerthomas3802 lol bitcoin was created years before tether. Thether was created inside etherium, how can its iou of bitcoin? 😂😂😂 Tether is an iou of company bitfinex. You should do your research gold bugs😂😂😂

[@void__star]

Bitcoin's flaw is that there is no way to value it against real things. It has no weight -- only votes. In the long run this matters.

[@user-hc5hy3lm7k]

Imaginary token, in an imaginary wallet, for imaginary wealth.

[@nobodycares9494]

That's right, cause Bitcoin is as empty or maybe more than any fiat currency.

[@stevenporter863]

Yes, people who invested in Bitcoin made a lot of money. So did people who bought PTON at 4 and sold at 170. Now about back at 4. Bitcoin is at the 170 about to fall off the cliff. Maybe not today, next week, month, etc. but soon. Like betting when the music stops.

[@Noname-bg8sh]

Its valued in Fiat, the irony

[@void__star]

@@Noname-bg8sh It has a price in fiat, but price is what you pay -- value is what you get.

[@terezadasilva2745]

Peter you are the best

[@carlwatts1230]

I'd like more discussion centered around an economy using a currency that does not inflate. There's a common belief that the supply of money must increase commensurate with the size of the economy. I'd love to see a debate centered on this belief and the reasons doubt it or believe it. Would not prices adjust as an economy grows in the context of a fixed money supply? Prices are not immutable, are they? Are prices not some of the most mutable things we can think of? Why do so many people believe that a growing economy will collapse if the money supply does not increase commensurately with the growth? Having that belief be widespread is of course convenient for the money printing class and their cantillionaire friends but is there any basis in logic or history for this belief? The moderator tried to get Voorhees to tackle this a little after the 50 minute mark after Roubini repeated this common deflation death spiral claim. Kudos to the moderator for that. I think it's one of the main objections many people have and therefore it deserves a debate centered around it in my opinion. Cheers

[@Noname-bg8sh]

In an Economy where there is a fixed supply of Money regardless of the amount of Population and goods and services Produced it would mean that every month prices would need to go down including your wage, which is practically Impossible to manage and Kills of all incentive to even be productive. This system is only prefered by first movers who want to protect what they got without the need to be productive due to the first-movee Advantage. In the end all system sucks that have some sort of firstmover-advantage, same is true If Money is printed that dont Match any increase in productivity.

[@RandyRobson]

I disagree with Peter, but he does a great job expressing his points. Roubini was so annoying. He kept yelling and sounded so angry, and didn't make very good arguments.

[@ramonserna8089]

I think he made some great points. He is just from the school of yelling grampa his position.

[@JeffMartin1]

Not a fan but he was absolutely critical to this debate

[@AndrewBelcher-t3o]

Roubini knows what he's talking about. Either you are totally snowed on Bitcoin or you don't understand what Roubini is saying, or both.

[@RandyRobson]

@@AndrewBelcher-t3o Um, no.

[@davidelliott2485]

Schiff won.

[@Andrew_2414]

No, he was intellectually dishonest as he always is on this topic.

[@SusanYork-z3x]

Always

[@nicholasstabile445]

He was awful and made an ass of himself as usual. Erik got him with his 11 year thesis that has been detrimental to peoples portfolios. Roubini was the star.

[@morningSTARranch]

Its amazing how people let themselves be deceived by matrix money

[@BullsEye3333]

@@morningSTARranch First, what you call matrix money is the most secure, most decentralized, and only form of incorruptible money.

[@mdevvvo]

team bitcoin looks like it does a lot of drugs

[@nobodycares9494]

They must because if people wake up to the scam, they will be finished.

[@Weak_juan]

Lol

[@martinlutherkingjr.5582]

Better off with health conditions that require drugs to treat rather than being downright stupid. You cannot treat stupid. How do you 3 of 5 multisig any other commodity?

[@markkovachis2932]

Mostly steak and eggs chief

[@wasdwasdedsf]

scaramucci is a tds mental patient who has no redeeming qualities... who ever invites him fora nything again?

[@sweechen9762]

There is something desperately wrong with the state of he Union.

[@superapex2128]

Gold is the money of kings Silver is the money of gentlemen Copper is the money of paupers Barter is the 'money' of peasants Debt is the 'money' of slaves ...And Bitcon is the 'money' of fools!

[@Andrew_2414]

Have fun trying to pay for groceries with gold dust. Try paying somebody 500 miles away with your silver coin, without a middleman. I bought about a month’s supply of food using my “fool’s money” last week. The retailer accepts BTC, not gold or silver.

[@superapex2128]

@@Andrew_2414 What is wrong with you? Who needs to pay somebody 500 miles away for anything? Only a handful of retailers accept fool's gold anyway...

[@Andrew_2414]

@@superapex2128 I guess you never shop online… LOL!

[@superapex2128]

@@Andrew_2414 The world reserve 'currency' is the USD for the time being, there's nothing we can do about that - but its days are numbered. Feel free to 'invest' in a pipe dream: what's going to happen is quite clear: CBs are going to back their CBDCs with gold. Do you really want to be the bag holder?

[@prakash.srn.17]

​@@superapex2128nothing stopping a couple of fools from trading 500 miles away

[@Tytyrytkataaa]

Team bitcoin’s only argument was “I can send x million dollars in bitcoin in 5 minutes”. Make of that what you will.

[@handyrams4822]

Rubini's argument that we should continue to use the US dollar because it's better regulated makes me think that people are somehow not smart enough to transact privately on their own. We need separation of money and state now more than ever before.

[@laddercrane4346]

Peter Schiff will be proven right....

[@harvyholmes9972]

The Federal tax will keep increasing with our debt....yikes.

[@pelouch8474]

Go to any point in the debate and chances are Peter is not speaking. The debate was ok but I thought the moderator had it out for Peter.

[@shirleymcdonald8441]

Guess what,your government has already taxed your future unrealized gains,your screwed!

[@sojourneroftheland]

I think they figured out they had to keep him quiet to not completely shred the pro bitcoin side...too bad his partner picked the baton and piped up a ton more lol It was a decent debate though. If they hadnt doused his flames he would have stolen the show 100%

[@rchicks22]

They never answered Peter’s question, “Why are Central Banks buying gold?”. Instead, the moderator went to commercial.

[@christwarrior-usa]

Thank you to the team that put this group of people together. This is world class.

[@aab-el9bd]

eric voorhees and schiff are more philosophically aligned with each other than they are with the debate partners.

[@olivier98]

Very true

[@GreyMan1793]

100%

[@nickcalla775]

Peter definilty won the debate.

[@MrKostol]

start off: 2:00:00

[@stlouisix3]

Gold has always been money 💲 📈

[@Andrew_2414]

Actually no, it hasn’t.

[@stlouisix3]

Since Genesis, gold has been money 💵 💲

[@Andrew_2414]

@@stlouisix3 False. Whether you believe the Earth is only 6000 years ago (as I believe you are suggesting), or much older, there was certainly a time when humans existed and they had not yet discovered gold, nor learned how to extract it and refine it. In those days they used something else: beads, wampum, salt, cattle, Rai stones, etc.

[@Ziegfried82]

@@Andrew_2414 since the beginning of human civilization it has been money. Do you really want to try to argue against that? Are you really going to try to say primitive tribes count as "civilization"?!

[@peternee9641]

Gold has done nothing 😂😂​@@stlouisix3

[@lusciouslox]

mike drop:why are central banks buying gold

[@sojourneroftheland]

I dont think the opposition ever answered that either...

[@Jakkaribik1]

@@sojourneroftheland They Know Gold Is there For Every Rest of the next 2000 Years

[@kitosoma187]

Same reason why they are buying, and mining bitcoin. Educate yourself. News every single damn day is about another government buying gold, bitcoin, and real-estate in other countries. It's about owning as many assets as possible.

[@0mar9]

I really like these types of debates

[@morningSTARranch]

BTC is fairy dust of the highest order. Blockchain technology is useful if maybe backed by gold, but ultimately we all need a compete mental reset and tune to the GOLDEN age of Saturn in context of what Virgil was referencing

[@Andrew_2414]

You couldn’t be more wrong.

[@Ziegfried82]

Gold is real money, there's no getting around that. Bitcoin is a digital token, here today gone tomorrow.

[@Andrew_2414]

@@Ziegfried82 Today is yesterday’s tomorrow. Bitcoin is still here, and it’s up. I hope you don’t remain ignorant for very much longer.

[@michaelross9753]

I agree with Peter but he annoys me with gold only talk. Gold value because it is useful. True, jewelry, dental, a few electronic applications. Nothing compared to silver which has Ks. More than any commodity except petroleum. The amount of above ground tradable gold and silver are about even yet gold is trading at 88X silver. Silver has been used much more by ordinary people than gold. Gold and silver are God's money but how many working families have $2K left over at the end of the month to buy just 1 oz of gold but just about anyone can buy a few Ozs of silver from time to time. I believe silver is God's financial lifeline to ordinary working families.

[@pedromartinstimoteodacosta1710]

It’s insane how good Peter is when talking about macroeconomics, but once the topic is Bitcoin it is like if he just shuts down his brain completely… many people have been responding to his objections regarding speed, scalability, etc. for many years, this not to mention the complete nonsense of the “intrinsic value”, which actually makes Peter sound more like a Marxist than like an Austrian - no joke, go read about Marx’s value theory and you will see that’s pretty much what Peter is arguing about Bitcoin

[@Camposjimenez76]

Gold is MONEY

[@troypopwell]

Peter Schiff is spot on ..I'm a believer in crypto that has a use case like xrp or ai types but bitcoin is utter nonsense..hard to believe people are so easily fooled but guys like Saylor. That confirms everything Peter said. Saylor is running around the world celebrating his victory and the game isn't over..someone please remind him that he didn't create bitcoin..Saylor could learn alot from Peter

[@raymac6262]

The Bitcoin team demonstrated far better logic and consistency in their arguments. I love gold, but you guys presented weak arguments against the Bitcoin case and contradicted yourselves. Nouriel particularly was unhinged and couldn't keep his arguments straight.

[@sorrycharlie4127]

Should be pretty obvious who the smartest man in the room is... That would be Peter Schiff! But to the idiots it won't be obvious until after the collapse

[@RobertoLopez-nn8ty]

So True. I am Saving all these Crypto Videos so I can use later to Mock my Crypto Friends.

[@CherylPowell-y5x]

Nothing wrong with bitcoin it just needs to be backed by gold.

[@Johnny-rj6ou]

Schiff was on another level of common sense and reality compared to the others.

[@EvalynWilliamson]

This time last year I considered crypto without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. I got into the market with 15k, One year and a couple of months in, and I’m up with 550k. I truly cannot stress enough how helpful experts in this field are!

[@EvalynWilliamson]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Ryan Donald Robert. A widely known crypto consultant

[@JohnsonSomto]

I've come across this name before, is he really reliable?

[@RobinWisozk]

I started working with Ryan Donald back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.

[@KoreyWill-t9v]

I'm so excited, Ryan Donald, being mentioned here because his strategies have also normalized winning trades for me. and it's a huge milestone for me looking back to how it all started.

[@EvalynWilliamson]

He's mostly on Telegrams, using the user.

[@petermeter8160]

Gold is base money. Dollar is based on gold, bitcoin is based on the dollar. When bitcoin crashes, people opt out to dollars. When the dollar crashes, people opt out to gold...

[@CG-uy6nk]

gold isn't real money because it can only be used locally.

[@petermeter8160]

​@@CG-uy6nk 95% of people are not millionaires and don't pay internationally. So bitcoin has a use case for 5% of people. And those 5% can use any stupid token out there to do the same payment...

[@petroguest]

Most bitcoin bulls agree that gold has value. Most gold bulls seem to think that bitcoin is worthless even though it has a value 30X of gold. You don't have to choose one over the other. You can own both.

[@TrueGenerations]

Gold bulls -> understand real money. Bitcoin bulls -> “price go up, down, up, up, down, up…must be real money.” 😂

[@Ziegfried82]

@@TrueGenerations yeah beginners who know zero about investing want to lecture us about what real money is. They don't understand how money works. All the stocks are (theoretically) based on company performance. Gold's value is as a store of wealth. Gold is proven over thousands of years. Crypto on the other hand is not providing goods, services, anything of the sort. They simply tell us that it is a store of value because they say so. It's not a stock, and it's not gold. It's certainly nothing like a currency.

[@rchicks22]

Bitcoin’s not 30x gold lol. Gold’s market cap is 15x-20x of Bitcoin’s.

[@reiner164]

@@Ziegfried82 A big part of Bitcoin's allure is its decentralization and the impossibility for a central authority to devalue it. This is the main selling point that Bitcoiners often miss, its other uses are all of little importance if they exist at all. Bitcoin as a store of wealth goes to 150k I believe, although I may be wrong.

[@Okramthegreat]

Does anybody there have a camera purchased post covid?

[@thereignofthezero225]

As an owner of some bitcoin i can say schiff is totally right haha. I hold it just because it has a price, and because i expect that price to go up. Nothing more

[@ntfsntfs5282]

it most likely will reach 1M and even 1B. 7+ B people out there, so still a lot of FOMO ahead

[@thereignofthezero225]

@ntfsntfs5282 will the price of tp at the local dollar store be 5 million at that point though? Haha

[@thereignofthezero225]

@ntfsntfs5282 honestly the gov will probably find some way to destroy bitcoin. Won't be hard with all this new AI tech

[@ralfbo685]

​@@thereignofthezero225 keep studying, you don't understand yet

[@thereignofthezero225]

@@ralfbo685 I don't understand most of the bs that's going on these days 🤷

[@SarahWeeth]

Out of all the financial institutions on KZbin you are the only one who gives the easiest way to get rich. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ....Imagine investing $2,000 and receiving $10,450 in 4days.*

[@GeorgeKent-oi6qz]

The crypt0 market is bringing a different revolution in the world economy. People who are optimistic investor will earn consistent why the others will sit back and watch.

[@LibyanHagrieve]

*I would really love to know how much work you did put in to get to the stage..what are the strategy*

[@SarahWeeth]

*Getting Laura Ferguson really helped me pay off all my debts.I started with what I had left and it was the best decision I ever made*

[@RechardAnord]

No doubt!! I never knew Laura Ferguson had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.

[@SarahWeeth]

*SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME*

[@Paul-zu2hf]

Creepy bitcoin guy answers everything with a question and likes to attack the individual rather than the subject matter

[@bigb6046]

Nerd! LOL

[@RostamiMehdi]

😂😂😂

[@jonnowee983]

If I was an oil sheikh, guess which one I would take as settlement for my oil? Money is just a medium of exchange but oil has value & many uses. In absence of money, I would take something which has value to me in exchange for my oil. If anyone can answer this question, that's the million dollar answer. No arguments once this basic question is answered truthfully. Any other stuff is just pure distraction & fakery.

[@anglobear2027]

​@@jonnowee983 Gold

[@outrageouslove6170]

Value is in the eye of the beholder. As long as two parties agree to some things value, it can be used as currency.

[@Mafiakitty]

We need a Schiff vs Saylor.

[@24theMoney]

Saylor is too scared. He would run away like at that conference when he heard Schiff was going to be there.

[@ntfsntfs5282]

2:41:36 Bitcoin Cash is the same coin. You can use Bitcoin Cash for exactly the same use cases as Bitcoin

[@iminlastplace]

Schiff right out the gate: I disagree with my debate partner 😂😂😂

[@iminlastplace]

Roubini: bitcoin is a glorified Google doc😂😂

[@coolisfoolable]

😂😂😂😂😂😂😂😂😂😂

[@forzanerazzurri2339]

You couldn't find a larger table?

[@giborchayil]

Schiff hits you between the eyes with sound truth...👍

[@peternee9641]

What planet are you living on 😂😂😂

[@Snookynibbles]

@@peternee9641 The planet that’s seen a 20% averaged increase in my gold investments since 2009.

[@giborchayil]

@@peternee9641 A really fucked up one run by a cabal of lawless elite empowered by hasatan...🤫

[@Snookynibbles]

@@peternee9641 …the one espousing facts.

[@avx4281]

Great discussion. Very enlightening.

[@donovanmyers7600]

Good debate but the fact is gold and silver have been around for thousands of years and are a proven store of wealth, bitcoin has been around for seconds in comparison and will be lucky to have a lifespan of 20 years.

[@BullsEye3333]

@donovanmyers7600 First of all, HAHAHAHA!!! Sure dude at 20 years we're going to give up incorruptible, decentralized, trustless, unseizable, borderless, set supply, peer to peer, unstoppable, money.

[@BullsEye3333]

@donovanmyers7600 Second, If gold worked then we would be using it as money today and bitcoin would have never been invented.

[@BullsEye3333]

@donovanmyers7600 Third, gold can't even keep up with the rigged inflation rate, let alone the real rate.

[@BullsEye3333]

@donovanmyers7600 And fourth, silver is really bad and you are flat out lying when you call it a store of wealth because it was $50 way back in 1980.

[@Andrew_2414]

It has a lifespan of 15 years already. Lindy effect says that it’s quite likely that it will be around for at least 15 more years, which would put it at 30.

[@shashiy4545]

petero and Roubini microphones are bad quality while the other 2 guys speak in HD..... why ?

[@sojourneroftheland]

I noticed that too...

[@judahmierau5776]

Why is the moderator debating?!?

[@skyesamuels7912]

Brillant Debate! 👍

[@cactiman]

Anyone not blind or ignorant can see bitcoin volatility is decreasing over time, Peter and Roubini chose to be ignorant.

[@lr5397]

This is an exciting intellectual debate... fabulous 😍

[@jonatanamanrich4922]

Never realised how weak were the arguments of Bitcoiners, thanks for the debate!

[@coindealer1]

I would rather have a physical something.. Then a digital maybe.

[@northofeden1802]

This may sound cool, but makes absolutely no sense. you use youtube a digital something, you're on twitter a digital something. A good portion of your life functions on "digital somethings" . all that bitcoin does is give you ability to have direct ownership in these digital networked that are the underpinnings of modern society.

[@Snookynibbles]

@@northofeden1802 That good portion of one’s life spent online, perhaps gaming, social media…is all by & large a phantom, a flimsy facade for reality. Fact is, it’s a carefully crafted fantasy world redirecting away from reality. Reality is what’s real, wgat we can see, touch, feel…what we can count on. This mind game power-play over humanity has set the stage for scams. Time will tell just how Bitcoin plays out, yet akteady it’s fraught with perils: 1.) it’s not real money…real monies are tangible commodities that possess intrinsic in the marketplace…utility in industry, medic, technology hardware, jewelry, etc.; 2.) It’s subject to online theivery; 3.) it’s value is impossible to determine insofar as Bitcoin is a highly speculative instrument. PMs draw speculators, but few relative those holding them as a hedge against inflation; 4.) What security (the Blockchain) the human mind can create, in time the human mind can hack. PMs can’t be hacked, they have to be mined at extreme costs.

[@Snookynibbles]

@@northofeden1802 That good portion of one’s life spent online, perhaps gaming, social media…is all by & large a phantom, a flimsy facade for reality. Fact is, it’s a carefully crafted fantasy world redirecting away from reality. Reality is what’s real, wgat we can see, touch, feel…what we can count on. This mind game power-play over humanity has set the stage for scams. Time will tell just how Bitcoin plays out, yet akteady it’s fraught with perils: 1.) it’s not real money…real monies are tangible commodities that possess intrinsic in the marketplace…utility in industry, medic, technology hardware, jewelry, etc.; 2.) It’s subject to online theivery; 3.) it’s value is impossible to determine insofar as Bitcoin is a highly speculative instrument. PMs draw speculators, but few relative those holding them as a hedge against inflation; 4.) What security (the Blockchain) the human mind can create, in time the human mind can hack. PMs can’t be hacked, they have to be mined at extreme costs.

[@coindealer1]

@northofeden1802 if you throw your phone at a mirror you can break that mirror. If you throw you digital coins it won't break anything. Also without electricity or internet and passwords . Your digital world and crypto doesn't exist. When firing a gun it's hard to get hurt with a digital bullet. Gold and silver do not need passwords encryption internet or electricity. Also silver bullets can kill real werewolves. That's sound pretty cool to me.

[@komplex6081]

Ya and I can take it from you if I wanted if it's physical

[@WayneMorgan-d8t]

The best financial KZbin channel for everyday people. I'm celebrating a $90k stock portfolio today. Started this journey with 10k, I have invested on time and also with my personal financial advisor, now I have time for my family and the life ahead of me.

[@SammyGottlieb]

Absolutely. It's an exciting time to be in crypto. Strap in and enjoy the journey.

[@DonnaAllen-r7x]

Sound good, How do you do that? I'm interested, how do I go about getting started?

[@WayneMorgan-d8t]

My candid advice is to have trading guidance before getting involved in the crypto market. Alex Heinz is probably the best I’ve ever come across, he is well recommended for newbies and his technical analysis is one of the best out there any investor can engage with.

[@MildredLundin]

Trading is the real investment. The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.

[@JamilWilderman]

Alex Heinz signals and prediction is awesome actually I was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.

[@V-Lo78]

“Printing money doesn’t create wealth.” Correct. So, how do bitcoiners blind themselves to the fact that it creates bubbles, including their own?

[@sojourneroftheland]

Excellent point not brought up. Maybe hard to prove. Tether has been implicated in creating tons of dollars just like the Fed...only pumped directly into Bitcoin.

[@stocktawkclips7624]

It’s hard to argue with Schiff. He is too smart. You can’t trick him whatsoever. Respect

[@alaiemma]

Could listen to these guys debate all day!

[@BullsEye3333]

They talk over each other so much they need one mic to pass around like the talking stick in kindergarten.

[@Jakkaribik1]

Once Gold is there the other People will not be seen Online

[@danh7777]

I'm not sure if this is just an advertising channel or an actual debate

[@MikesCarInfo]

Beware of unearned resources.

[@Snookynibbles]

Huh?! You have to earn $$ to buy them.

[@rogerburn5132]

Yeah The Federal Reserve Bank Printing Forever program 😂

[@NaiveUkulele]

Such as?

[@stans1058]

How do I aquire bitcoin? I use money. When spend my bitcoin how do I aquire more? Cash. What am I missing?

[@jensbond93]

You can mine it or buy it from extanges

[@tcavalo]

Bitcoiners have no depth of thought.

[@michaelherrera116]

That's because their hopes and dreams stored in bitcoin

[@jesseward5597]

Yep. Rich! Cheers bitcoin 😂

[@CG-uy6nk]

comments like this makes me believe gold bugs have some kind of mental illness. do your brain automatically deletes memories when roubini says something completely irrational, or how does that work

[@tolun99]

Look up Jeff Booth. There's plenty of depth if you actually look for it.

[@Snookynibbles]

@@jesseward5597 Same kind of cheers that circulate among the delusional gambling crowd of Las Vegas until the bottom falls out…then it’s 😭 Boo-Hoo.

[@haranvenetillo]

Love this debate, help me so much understand the problems with bitcoin and see a bit better inside all this cloud of problems in economy. I would like to ask one question only, what would you recomend to do to save money with all this problem with FIAT currencys? (I'm still praticing my ingles, so sorry for any error in the text languange)

[@lamentate07]

Bitcoin is supposedly the people's money yet has a worse wealth distribution pattern than North Korea? 🤣 Gold's 1980 high is not an appropriate reference point. There were specific economic and historical forces that led to its unprecedented rise.

[@Ziegfried82]

Yeah it's laughable. It's in the hand of a small few and it's best use case is money laundering.

[@CG-uy6nk]

@@Ziegfried82 go tax the wealthy then if that's the world you want to live in. bitcoin or not, it's the same.

[@WW_SHTFF_WW]

I had tested some old radish and red clover sprouting seeds I had bought back in 2010. They were still in the original bags stored in the back of the fridge and the clover seeds were in the freezer for a few years. These 14-year old seeds still worked great! Only thing is, I can't chew em...teeth are shot. But I can still get some nutrition using them in a smoothy. Just be aware, some of these sprouts are spicy! When I lived in L.A., I used to like to go to Korea Town and buy soy bean sprouts. Very substantial and works well in stir fry. Mung bean sprouts were the most common sprouts sold at Safeway, Hughes, Alpha Beta and Ralphs back in the day. But I can't chew any of them any more. I gave up making sprouts ages ago. I used to buy alfalfa, radish, broccoli, red clover sprouting seeds by the pound. They were all pretty cheap back then. Now they are crazy priced. Looks like sprouting seed prices have about tripled from 2010. In 2010 I paid $6.76 for 1 pound of radish sprout seeds. Red clover seeds were also cheap. I'd sprout seeds in canning jars with the sprout lids. Indoor sprouting is the easiest way to get some fresh greens, especially if you are an apartment dweller. By 2011 I was on my way for a massive YOLO spending spree that lasted until 2022 and didn't want to bother making sprouts or worrying about prepping. You know the deal...nothing ever happens! I used to buy lots of store-bought sprouts if I didn't want to bother making sprouts, but no more in the Rustbelt. They could not sell them without bacteria it seems, so markets quit selling them. Sunflower greens are also nice for home sprouting for sandwiches. Or grow wheatgrass for juice. (I never liked wheat grass juice.) Around 2008 I used to have a big shelf unit growing microgreens in the house. Took lots of energy and light. Lights were on from 6 AM to midnight. I gave it up after a couple of years. Although it would have been good to keep for sprouting seeds for the garden. But I don't garden anymore...I just grow fruit trees. To be a good gardener, you gotta be a slave to the garden. Fruit trees, some of them, can be left alone and still produce food. Once mature, trees in a temperate climate generally find their own water. Unless you are in a massive drought or live in the Mojave Desert. If you urban preppers can't garden because of marauders, yam greens grow easily indoors and make lots of leaves. Just plant a yam in a flowerpot and put it near some light. I got mine near the window. I use them in smoothies. Can't chew whole leaves as teeth are shot. White sweet potatoes also grow indoors but sprout slower. Once they sprout, they grow very good.

[@coreywendland8425]

I'm embarrassed for team bitcoin. They seem like smart well meaning people but...

[@alfredoddiaz8306]

I think they were worried of being disrespectful to their elders. But think they could have really won in a better debate.

[@christwarrior-usa]

This is one of the greatest economist debates of our time

[@JoeButtcrack]

Peter Schiff is to gold as Willie Wonka is to chocolate. He's the Willie Wonka of money....

[@4eyefoxbodyfanclub625]

I like to think Peter Schiff is to gold as Jim Jones is to religion. Peters' gold, Jims Guyana punch....same thing man.

[@Tchild2]

Scaramucci, IMO, has the best understanding of the nuances between gold, bitcoin and the current fiat monetary system. What makes his arguments so resonant is his ability to find middle ground and commonalities to merge the different viewpoints. When communicating, it is is all about the language used. Bitcoin concepts are a language. Gold/hard assets is a language, while Roubini has a fiat/taxation language. Scaramucci was the guest that was the most fluent in the languages spoken. Nonetheless, this was a fabulous and informative debate. I learned so much. Thank you.

[@ThangHuynh10]

Schiff's debate partner is useless. Schiff could have destroyed the bitcoiners by himself if given the opportunity to make his case.

[@barakcohen3612]

He was very sharp and knowledgeable i learned from him alot

[@petermoore5000]

What a great video!

[@kosherpapi5276]

Erik "I'll grant it" Voorhees

[@Columbo_1]

Great interview and debate from everyone 👍

[@JohnnysWorld777]

And if you think jet planes actually took down those two buildings, you are obviously not a civil engineer.

[@larrykillman7944]

You got that right! It was engineered well ahead of time...

[@miseseconomics]

Look at Peters face when Roubini talks in the beginning! I'm dying here, Peter cant belive the worlds coming out of his mouth

[@reyuntitled]

Roubini should focus on other subjects. Common innovation denier arguments and too emotional

[@lexdendoop]

5 intelligent people who are having a discussion without a shared awareness, understanding, and agreement of the definition/ontology of bitcoin and the ontology of gold and how they are related. Great opinions though!

[@johnwalker4268]

Moderator was bias AF.

[@flinch622]

Everybody has bias. If they are open about it, an intelligent discussion can follow.

[@pelouch8474]

Are you dumb or are you just pretending? The moderator is supposed to act unbiased, leave his biases out of the show. That's why he's there. Zero hedge screwed things up with this one.

[@KrukMike]

He disclosed he was a bitcoin holder, albeit a bit late. Plus he had to push sponsor that sells gold.

[@hmmob3956]

Interesting. Roubini rather disappointing. Needed to resort to screaming and foul language and - in my eyes - got owned. The other three had interesting things to say. Scaramucci was an interesting revelation. Voorhees was interesting, too, although less convincing than Scarramucci. Schiff I know and to the most part I agree with him. Overall, my conviction in gold stayed the same and as much as I am sympathetic to BTC and its proponents, they just are not able to convince me. BTC will go to 0 or the opposite. So, it is worth a risk in terms of getting rich, I suppose, if you have money that you can afford to lose. But this notion of being a currency, digital gold, a digital asset, ... nobody could provide proper definitions and I get the impression that these notions are more marketing/sales slogans than actual concepts. At 3:30:40 the moderator interjected 'it's not relevant ...' . He was supposed to let the debaters speak and make their points, he did not do that here at all. In this case, Roubini made a valid point, and it was very relevant. Even if it, indeed had not been relevant it would have been for other debaters to point that out, not the moderator. So, the moderator, despite seemingly being a nice guy, seems a bit inexperienced, and hence, needs to hone his skills as a moderator of debates.

[@marsleon8204]

Calm bitcoiners...Screaming Professor...and Mr gold in between...unfortunately a Bad disscussion...but the bitcoiners were very calm and polite...great!

[@LeeGordonSeebach]

Too bad they wouldn't let Eric talk without interrupting him. Pity.

[@guy35451]

100% ...Many Bitcoiners are amazing when giving a presentation but debating isn't purely about knowledge of bitcoin. It's a completely different skill in itself and we need to start rolling out the people who have the wisdom + the debating / conversational skills. Shrinking violets don't win debates against gobshites like Shiff et al.

[@coolisfoolable]

well, his strategy of "please take the mic" isn't so good for a debate, I'll have you know.

[@bigb6046]

I don't understand how the Fed still is aiming to get to 2% inflation on top of the 30% we have experienced in the last couple of years. To achieve an average of 2% wouldn't we need to see a large deflation now? Or are we expected to pay these terrible inflated prices forever?

[@KatieCopley]

Forever. Unless the economy crashes but then they print more and give us more inflation. This is why some Republicans (Tea Party) wanted to shut the govt down. They are killing the little guy.

[@Andrew_2414]

We definitely won’t achieve an average of 2% if the averaging period is limited to only the 2020s. Not that it matters; CPI data is bogus. Real price increases of a constant basket of goods was probably more like 4% before the plandemic.

[@Alloytribe86]

Deflation will hurt the poor even more. We are screwed.

[@Andrew_2414]

@@Alloytribe86 Ummm… no, that’s axiomatically incorrect. Deflation is actually better for the most impoverished people. For the man who has no debt because he has no money, lower real prices means he doesn’t have to work as hard to acquire the same stuff.

[@sojourneroftheland]

I dont think we are supposed to know its at 30%...its actually only 3.5% shhh

[@vincentaurelius2390]

Roubini got in a couple of good jabs at Schiff when he commented two separate times about investors running to Puerto Rico with their money. Lol

[@atomic_blonde1]

2:34:15 this is why I love Schiff

[@ntfsntfs5282]

please, update you timestamp