Peter Schiff: “US and EU will have Argentina-type inflation”

[@Susanhartman.]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@ThomasChai05]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@mariaguerrero08]

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

[@mikegarvey17]

@@mariaguerrero08I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@mariaguerrero08]

*Izella Annette Anderson* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@JackBJacobs233]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@darnellcapriccioso]

Instead of predicting a recession, it's better to have a portfolio prepared for any outcome. This strategy has helped some people average 15% returns every 7 weeks, according to Bloomberg.

[@jeromesand]

Predicting short-term market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets

[@Aaronduckstein49]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, and with a good advisor, you could make really great profits. That's the best protection against recession.

[@richardhudson1243]

This sounds great. Is there a way I could connect with any advisor whom you think is very good? I'll appreciate.

[@Aaronduckstein49]

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 Annette Marie Holt for about 4 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@maiadazz]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@rosihantu1]

We got Weimar Germany kinda degeneracy

[@brent4073]

All Hitler wanted to do was finger paint... then the money printer started..

[@rosihantu1]

@@brent4073 and then a hero comes along, with a strength to carry on .........

[@Hassansalhi440]

@@rosihantu1 In Islam we don’t believe that a human like me and like you is god , Jesus is not god he is a human just like me and you, Allah created prophet jesus

[@Azamat421]

@@Hassansalhi440 i dont believe in fake allah

[@theoptimist7510]

@@Hassansalhi440 haha! Allah is satan.

[@lashesbella263]

No Peter we don't need central banks. We can print our own CURRENCY without interest

[@goldeneggduck]

Zimbabwe has figured this out earlier!

[@micheal_mills]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

[@donna_martins]

Everyone’s been preaching investing lately as a source of passive income but with a 70 hour weekly jobs and limited knowledge of financial instruments, how can I actually stay on top of things, I see every KZbin video saying BUY BUY! But when and how do I sell for profit at the right time?

[@Robert_Seaman]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[@ilyaveysman.]

How can I reach this person?

[@Robert_Seaman]

'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.

[@ilyaveysman.]

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

[@dpetersen2630]

Now the dollar is convertible on demand for 1/2,400th of an ounce of gold. In other words, it's almost worthless.

[@auntiefiat9769]

But not from the government...because they have no gold! I think about gold I purchased just 2 years ago - I felt like a thief getting a Gold Buffalo for ~$1,800. Peter is correct. Gold is still way under-valued vs the dollar.

[@catdaddy5192]

@@auntiefiat9769I purchased it for $700.

[@westcoaststacker569]

@@auntiefiat9769 I do not feel like a thief, I see the Politicians as thief's stealing the value of the dollar. They have killed the Dream of home ownership for most of the current generation.

[@V.stones]

And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.

[@V.stones]

With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.

[@V.stones]

These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.

[@kaylacapotosto8523]

My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@camela8445Mar]

No doubt being financially free and not having to worry much about health care and other expenses after retirement cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

[@camela8445Mar]

the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

[@jameswood9772]

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@alexyoung3126]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@williamyejun8508]

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

[@bobbymainz1160]

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

[@williamyejun8508]

*Rachel Sarah Parrish* maintains an online presence. Just make a simple search for her name online.

[@bobbymainz1160]

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@samspade894]

Each state should have own currency based on gold and silver!

[@Hassansalhi440]

In Islam we don’t believe that a human like me and like you is god , Jesus is not god he is a human just like me and you, Allah created prophet jesus

[@preciousmetals7114]

Or every citizen should use gold and silver as money regardless ....... 🙂

[@genelarson6849]

​@@preciousmetals7114sure that would work if gold was 40 thousand dollars an ounce there isn't enough gold to service this debt

[@jamesmoran7511]

There isn't enough gold in the planet. It's a crazy premise.

[@TheLockSmith1800]

@@Hassansalhi440WRONG

[@CharleneSmith-we9vh]

Love Peter Schiff, thank you for having him on your show.

[@brazilstreets7955]

Great hearing Peter.

[@fonsvervoort]

Peter and Paul thank you very much!

[@brettallport1250]

Buy land not gold, you can grow food, you cant eat gold

[@samiullahk7223]

I will rear sheep 🐑 and trade for grains 😅

[@MichaelMcCausland-pg6qs]

Hyper inflation is very close

[@razorsharplifestyle101hard9]

You think it will happen in the next 13 years?

[@blumaxx1]

It saddens me to know that people still believe that voting is their ultimate way of telling the powers in charge, we the people selected ( elected) this person to lead our country in the right ,just, and fair direction,,yet here we are in the same sinking boat wondering why things are worse 😢😢

[@mn1801]

More and more people need to vote for the independent candidates rather than blindly sticking to the dual party system.

[@normusdoar]

oligarchs control politics in usa

[@liquidreality472]

@@mn1801 No, you missed the point, they need to stop voting and instead act in the way they believe things should be. You can't vote away the responsibility you have over our own life.

[@tonyawilhour3284]

@@mn1801I don’t understand why people don’t ban together and get this done.

[@Kristenshwan]

Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.

[@aniniels-hw5iv]

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

[@tryleraaron9244]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

[@Richardson238]

As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

[@WelseyWalker]

Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@x0cat711]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@stanleydent2326]

Peter Schiff is the man. He woke me up to reality when it comes to finance and the evil of the Federal Reserve and central banking.

[@auntiefiat9769]

The ship is sinking and we are busy arguing what color glass to have in the chandelier. Good discussion and folks will do well to consider what Peter is saying.

[@westcoaststacker569]

And ignore his sales pitch. Be your own custodian.

[@marceldekker2149]

100 % 1 billion debt a day Debt go faster and faster Inflation go faster and faster Gold silver go faster and faster The down gold ratio go back to 1:1

[@angusmcbagus]

I was in my early twenties in 2008. Peter Schiff helped me understand the mechanisms of an economy. I binged his videos, those of Irwin Schiff, then Milton Friedman, Sowell, Hayek, Mises, Buckley. I then bought some gold and binged the books of these thinkers and teachers. Nothing comparable was ever taught to me in school. Looking back, it seems to me the western nations are worse off in every metric compared to those days. Am I wrong?

[@rdallas81]

Yes. You are wrong. 😊

[@angusmcbagus]

@@rdallas81 I suppose Switzerland, Liechtenstein, Luxembourg and San Marino might be generally sound and better off.

[@andrevieira5729]

Nice show Peter Schiff 💪

[@Got2Learn]

That's about it, they are in trouble...no solution in sight.

[@TheDoug88las]

Rome, Weimar Germany, Venezuela, America. History repeats and repeats and repeats. The collapse cometh.

[@AddilynTuffin]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[@FeelMyTruth]

It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

[@albacus2400BC]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@judynewsom1902]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.

[@albacus2400BC]

Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@gregorywhem]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@JWFitness1]

Yes, the US can export, but what if countries don't want dollars? Then what?

[@beegonee]

Gold stock exchange will work cuz it has standard price in every country..china, arabs, africas, asia..

[@Lioness1499]

Brics has already started the process. No one wants the dollar. Africa has joined Brics. America is toast. It is just a matter of time before it all collapse. The ability to cook the books will have caught up with them.

[@Lioness1499]

No one wants the dollar.

[@zoraster3749]

Most countries have dollar denominated debt, so they will need dollars for the foreseeable future. They are starting to look for the exit though.

[@JWFitness1]

@@zoraster3749 right. But we can't forget the BRICS nations are moving away from dollar trades as we speak. This will get very interesting, and not in a good way.

[@Gold_Silver.]

Peter the 🐐 spitting truths!!!

[@mikesullivan5219]

Every state should adopt goldback notes...... It only takes a few investors..... I think there's only 5 states now that have it... Sovereign nation with all states currency, a gold backed currency...

[@BullsEye3333]

@mikesullivan5219 Why? Are you going to make big government pinky promise to keep the peg and redeem real gold? Gold will just fail as money like it always has and always will. Bitcoin has solved the reasons why gold ALWAYS FAILS as money and much more.

[@preciousmetals7114]

@@BullsEye3333 LOL gold has made it for 5 thousand yrs through everything imaginable ..works even when the power goes out .. bitcoin not so much.. except more thin air ...

[@BullsEye3333]

@@preciousmetals7114 Correction: Gold has FAILED over and over at trying to be money for 5,000 years. If it didn't fail then we would be using it as money today and bitcoin would have never been invented. You should already have cash to get you through an outage but bitcoin will still be used. People's cell phones will already be charged and generators will power the stores. It's Peter's silly gold coins that will never be used as money again.

[@Invertmini1212]

It's hard to go to a gold backed currency when there's literally not enough gold to back the current debt..

[@saveamericanfreedom2400]

The quicker they spend money the faster we collapse

[@davidronson8712]

I usually buy meat for my dog, that I cook for him, today the price of meat in Canada doubled , even the cheapest cut, is over $25/kg, I would not buy it because it is trash, the one I usually buy is now $35/kg

[@collentreefelling9142]

Do you know that in Africa you can buy grocery for a month for 100 dollars?

[@davidronson8712]

@@collentreefelling9142 Of course, We are the west, and they are proud of it, NOT ME, my wife and I planning to move to Russia, it is the same climate and we love the Russian people, both of us are Canadian for generations, but we no longer want to be called Canadians.

[@dhirajkaul4716]

The only man along with Gerald. True to every word.

[@jameslee-dp6cb]

If the system collapses, I think it will motivate people to reject any monitary system again. People are already upset that governments just print whenever they want to.

[@grimgrimey]

Actually whatever currency the BRICS nations come up with will be very well thought out and solid.thats where my money is investing.

[@Lonewolf_rider]

The problem is that the millennials don't know any better than the fake money system and those from back out of the day are mostly dead or dying. Few people know and understand....mind you...few.

[@KS-gt9up]

Unit going live on October 22 2024​@@grimgrimey

[@alvarohigino]

The great majority is dumb and don't understand the basic of economy.

[@potuspeck6991]

@@grimgrimeyIn china and russia, hell no😂

[@seeker2118]

The US dollar reserve status is based on the fact that the dollar is a trading currency. This means that because people have strong faith in the dollar as a medium of exchange and it is also easily convertable to actual money it makes a good store of value "reserves".

[@Skillashy]

Well, the US govt is really trying hard to destroy that faith with the sanctions and it's foreign policy.

[@oscarellis2563]

Everybody would like to use gold however the Western Government doesn't as it will limit the amount of fiat fugazzi they could print off.

[@westcoaststacker569]

Eastern does not wish to either, no country wishes to redeem their currency for gold at a set rate.

[@goldeneggduck]

Good point on Euro Italy vs Germany and Argentinian style inflation.

[@allen2zulu]

look what the US did during c19 (shut down businesses, forced injections, etc.), so I absolutely would not rule out asset confiscation, especially now since everyone's "wealth" is numbers in a data center and computer screen

[@cael3132]

Been following Peter since 2012, he is the shit!

[@isabelhoebel3189]

Is that a negative reply?

[@isabelhoebel3189]

Was that a negative reply?

[@bluesmansunnyfournier4727]

100%

[@BullsEye3333]

@cael3132 You must mean Peter is full of shit because he's going down in history as the worst financial advisor ever. He has been dead wrong on all his major predictions year after year, market cycle after market cycle: 1. Worthless dollar 2. Worthless crypto 3. He said it's another housing bubble way back in 2014 4. He said the Fed couldn't hike rates from 0 in 2015 but they hiked to 2.25% 5. He said the Fed couldn't hike rates from 0 again in 2022 but they hiked to 5.25% 6. New high for silver 7. 100x on gold stocks 8. $5,000 gold 9. Dow will equal an ounce of gold 10. Going back to a gold standard is inevitable 11. DXY to 80 by the end of 2023 12. Financial crisis of 2023

[@Hawka-Loogy]

Yep: his advice has been shit.

[@84gaynor]

The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. BITCOIN is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into BITCOIN.

[@gagnepaingilly]

Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?

[@sommersalt88]

well the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance.

[@blaquopaque]

Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful, because what Avg. Joe really has time to watch and comprehensively analyse the market.

[@Curbalnk]

could you recommend some good advisers? don’t get me wrong, I already have an asset manager for my 1m portfolio, but he seems not to know much about crypto.

[@blaquopaque]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@lrg3834]

DC is adding $1 trillion to the $34.5 trillion national debt every 100 days now. Furthermore, annual interest on the debt so far is more than $1 trillion (in 2007 it was $400 billion). Personally, I believe America has entered a debt/interest payment death spiral, and most can't see it or are in denial. You need look no further than the effects on the American consumer in terms of inflation and lack of good employment opportunities.

[@robertsmart5600]

A Chinese economist said, "the West has 1 day Democracy (Election day)", but many days make a meritocracy work (China's 30-year economic miracle) also: "The Chinese state guides capital and private entities towards what it believes are national strategic priorities, rather than allowing them to simply focus on generating greater revenue." Jack Ma founder of Alibaba & Ant Group thought he could prioritize profit; he was reminded that is not the Chinese way? President Xi Jinping was sent to work on a farm in a rural Chinese village in his youth to instill him with a sense of reality, he saw the importance of local ideas being able to percolate up to the top of the governing body to help all other villages in China.

[@wd31981]

That’s is the most backwards thinking I have ever seen. To mention anything about Chinese government efficiency is laughable. Economic growth in spite of government control isn’t proof of anything. The USSR also worked well for awhile. Top down edicts are never as efficient as local decisions. When local officials have to “look good” to the higher ups, grift and inefficiency always follow. China isn’t nearly as great of economy as you think.

[@grimgrimey]

​@@wd31981nope,local officials ,mayors etc are incentivized by the state to grow their economies.look I know your blinkers are on but have a little look at how China took 800 million out of poverty how they grew seemingly poor provinces into modern ones etc etc,their system is one that works very well for them sure they have problems like every large nation but to say the same narratives the state department tells us is short sighted to say the least.

[@josiegraham2591]

We do not produce we consume e only print fiat money what a disaster

[@jchanmcse]

@@wd31981 You are imposible!

[@shalom9234]

​@wd31981 what's wrong with backward thinking, if it works?

[@khankrum1]

What happens when you can't pay your debts is your creditors snatch anything of value that can get their hands on!

[@kennethedwards3095]

The one important thing you're leaving out, Peter, is that gold as the 'Reserve Asset' of currency has proven vulnerable to subterfuge.

[@westcoaststacker569]

Agreed, BRICS buying gold means nothing. Unless a currency is redeemable by everyone for gold than it is no better than the Dollar in 1973.

[@auntiefiat9769]

Regarding third-party trust and insurance...much of our insurance is mandated by law. We must purchase it regardless of trust. We convince ourselves we trust insurers, because it hurts too much to face the truth!

[@westcoaststacker569]

My feeling is I would prefer holding physical than trusting Peter or anyone else to be able to grant me access to it when I may need it.

[@GerryMatestic-bw2zi]

Don't the fact that their are 20000 crypto currencies(tokens) alone,proves that crypto is a scam........

[@marceldekker2149]

TULPMANIA 2.0 In the end forbidden

[@brysona466]

No, While Most Will Certainly End Worthless there Are Real World Uses for Some Like XDC; Improving Efficiency in Int'l Trade ... BTC Has Proven Inefficient for All Claimed Use Cases ... What Does BTC Do that BCH, LTC, XRP Can't Do Faster & Cheaper ??

[@mexican-americanpatriot721]

Yes but only 5 main ones will survive along with a about 10 more will struggle but probably stay afloat as soon as the US cbdc comes in strong.

[@spudruckus7297]

​@@brysona466 there is set amount of them and no more can be created. That was always it's value, not efficiency.

[@valuetraveler2026]

they cannot all be scams statistically speaking

[@liamporter1137]

Thanks for sharing and surfacing the truth. 👏👍

[@stevepetty7009]

The interesting fact is total debt is zero. If a government is in debt, wealthy people own the debt. In many cases having created and expanded their wealth through government policies they have used their wealth to influence, at cost to those who are not wealthy.

[@preciousmetals7114]

Exactly why sound money Gold ...silver .. goldbacks ect help level the playing field

[@petergeddesrensen6567]

Don't forget the inflationary effects of all those crypto currencies

[@user-hm5zb1qn6g]

This is a great interview. Peter bringing a lot of great info today.

[@paulsaragosa371]

Don't cry for me Argentinian Evita

[@lanag5093]

I thought gold, being a precious metal, is vulnerable to seizure if eminent domain is proclaimed which congress could due during major national emergency.

[@rosewildbill6368]

They tried to tell everyone to return their gold. They did not really enforce it ... so, those who refused were smarter than those who gave it up. The price rose right after that, of course

[@westcoaststacker569]

@@rosewildbill6368 But it was no longer redeemable for Dollars. Of course those who held and were rich enough to redeem it in Europe then convert to Dollars as needed. Or they could barter with it... OPs question yes seizure is possible but as Peter says difficult to enforce, much easier to click computer and seized digital assets or take Land which cannot be hidden. Difficult now to fly with it though, even now large cash or gold quantities are seen as criminal.

[@peterpagliaro1835]

It's unfortunate ; but at times countries can only learn lessons when they've hit bottom. Argentina now has a libertarian type president who has reduced government and cleaning things up. Zimbabwe now has a gold back currency. The Bricks are establishing their gold -backed system as well.

[@highdynamicphotographyfilm2235]

Love Peter. I have been his fan since 2006. There is so much truth to what he says.

[@BullsEye3333]

@highdynamicphotographyfilm2235 What in the holy hell are you talking about? Peter is going down in history as the worst financial advisor ever. He has been dead wrong on all his major predictions year after year, market cycle after market cycle: 1. Worthless dollar 2. Worthless crypto 3. He said it's another housing bubble way back in 2014 4. He said the Fed couldn't hike rates from 0 in 2015 but they hiked to 2.25% 5. He said the Fed couldn't hike rates from 0 again in 2022 but they hiked to 5.25% 6. New high for silver 7. 100x on gold stocks 8. $5,000 gold 9. Dow will equal an ounce of gold 10. Going back to a gold standard is inevitable 11. DXY to 80 by the end of 2023 12. Financial crisis of 2023

[@agultekin63]

Gold is real money all others is just credit👍

[@Dan-z6b3d]

In silicon valley housing prices on average have gone up 7% a year

[@JOHNPoST-y4u]

The only way to solve this is for USGOVT. to balance budget. Default on bonds.

[@jimbobarooney2861]

Balance the budget means increase taxes and reduce spending, if you default on bonds, that's someone's pension screwed, also chances of issuing more debt and someone buying it, is slim, theres always a buyer but at much much higher rates. They won't default on debt and they probably won't implement austerity, so expect debasement

[@troyfelder]

Wow! What a great video. you so well articulated. Monetary and Fiscal policies should work hand in hand to have a full effect, but we live in an era where government just doesn't care, it will spend and double-down and spend more and more.. it just doesn't care, and it would debilitate the monetary policy. The sad outcome will be likely BOTH the transition to a digital dollar CBDC that will give ultimate control to the government thus shrinking even more the independence of the central bank. At some point the central bank will have no actual meaning left. Honestly, it feels we're not too far from it already..... I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading...The only wild card for us investors is to actively engage the market by trading, it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Tobias Hawke, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@troyfelder]

Tobias Hawke program is widely available online..

[@lottschke]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Tobias insights. It's akin to finding a diamond in a coal mine.

[@RuyVictorio]

Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.

[@jchall12]

Building a good investment portfolio is more complex so I would recommend you seek Tobias support.

[@jhanpolexelpram]

If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.

[@romelcurtis8652]

They’re already doing it through increasing taxes.

[@023achilles]

People don't want to spend gold because we are still in a fiat system. That is the basis of "Gresham's Law", bad money chases out good money. I.E. if someone will still accept USD? Of course I am going to give them USD not gold!

[@superstar5123]

great discussion with mr Schiff

[@gerdbeutler3728]

Germany going back to Deutschmark ??? Not with this Admin! But with another which goes back to have a russian-german economic alliance, then Germany comes out like a phoenix from the ashes.

[@valuetraveler2026]

the only way out- some countries like UK have no ways out available

[@antonmarch2684]

Germany will never get up anymore. It is full of morons in government and from all over the world.

[@antonmarch2684]

Germany will never get up anymore. It is full of morons in government and from all over the world.

[@yannickille4049]

😂soon they will use the rubel😅😅

[@gerdbeutler3728]

@@yannickille4049 fyi: the present economic situation is terrible. Germany is nothing without raw materials and fair priced energy. The government is licking Bodens ass all day long until they can become a socialist Nazi country.

[@lucientjinasjoe1578]

In the hinterlands in the Amazon the payment is in gold and what i was told is that you can get slithly more goods for the same amount of gold nowadays

[@Dana-b9j]

Yes because you Can't Inflate Gold!

[@jburch1544]

Peter said not to invest in stocks 25 years ago DOW was 5000, now at almost 40000. Good advice?

[@westcoaststacker569]

Who could of predicted QE and Multi Trillion dollar deficits back then. Politicians have ruined the natural cycle of the markets.

[@worlddj1364]

@@westcoaststacker569 He is committing the same mistake, the US with its trillions US dollar worth war machine won't just stand there and watch the USD fall out of value. Everyone in the US will ruin the natural cycle gazillion times over to prevent this, they may come up with something "unpredictable"

[@AhmedLevant]

Nice shirt, Peter!

[@Dana-b9j]

Yeah I like it to!

[@VmgToyz]

Great interview 👍

[@greto68]

Next year is a Jubilee year, just say I'm not going to pay

[@jurriaan3533]

Toch knap welke gasten jij allemaal weet te regelen. Complimenten!

[@nancygreen8186]

Hard assets such as real estate can deflate in certain parts of the country when they overbuilt and prices went too high, then the bottom dropped out of real estate in certain areas and many foreclosures happened. Some houses lost 60% of the value. The people that bought these homes at 60% decrease actually got a lot for their dollars.

[@patricklarsen8078]

Brics are buying gold like maniacs. I even think Zimbabwe went over to gold standard

[@BullsEye3333]

@patricklarsen8078 BRICS is a big fat nothing burger. Peter has been tricking his listeners into buying his silly gold coins with that BRICS nonsense since he started his KZbin channel back in 2009. The video is titled: "July 4th Employment, stock market sell -off, trouble for dollar & treasuries." He starts talking about BRICS at 4:16.

[@emanuelhendrikx5233]

....""And forgive us our debt,like we will forgive our debters""...Holy father...

[@didi156]

Fiat won because the monetary rock simply wasn't good enough for the information age. Information travels at the speed of light. Rocks don't. The solution isn't rock certificates. Early Fiat was just that, and now we know how that plays out long term. We're not gonna go back to Gold, but forward to something else. I feel sorry for Peter.

[@westcoaststacker569]

Gold standard lost way before information age, the Politicians spent more than they had and defaulted! Nixon told France no, since than the dollar is (1973 1:35 to 2024 1:2,400) 35/2400=.015% of its value. Similar numbers if you look at homes, coffee, utilities etc...

[@simon359]

Great show and guest! 🤙

[@pinschrunner]

Be your own custodian. Why trust a country or company. Insurance is a scam and doesnt pay claims, Peter, He was very cryptic about where to find a custodian,

[@westcoaststacker569]

Agreed, Peter is great, but I don't see how when needed we would ever see the gold he is holding for his clients.

[@avx4281]

Thanks mr. Schiff. Great insights.

[@chriseustace9734]

The most interesting Financial Consequence of being Debt Based , will be in October when the BRICS Plus Nations Launch their new Trading Currency based in part on Gold ! Great timing before many Nations average Elections!

[@westcoaststacker569]

Is it redeemable in gold at a fixed rate?

[@alexb8926]

No way of fixing human greed 😅😂😂 time for a new system, and that’s that I barley graduated high school 😂😂

[@gregmartin6653]

Gold blockchain will end up being the enforced gold backed giv currency. Forced onto gov to be fiscaly responsible once everything has absolutely been smashed.

[@norberthaimberger9537]

Interesting idea.... but who would support it?

[@BullsEye3333]

@gregmartin6653 Are you going to make big gov pinky promise to keep the peg and redeem real gold? Gold will just fail as money like it always has and always will. Bitcoin has solved the reasons why gold ALWAYS FAILS as money and much more. A gold backed crypto is so stupid because the whole point of crypto is to get rid of the third party and the government. They'll shutdown a gold backed crypto bank just as easily as they shutdown Peter's perfectly solvent and perfectly compliant bank.

[@Nashinsi]

Great interview.

[@tck7394]

From Feb 26 to April 1 - 418 billion added. If this continues , it means that the previous 1 Trillion /100 days is morphing into min 1,2 Trillion/100 days. Inflation = currency devaluation.

[@brettallport1250]

In the end you cant eat cash or gold

[@BaekHyeon]

Excellent!!! Your channel is Highly recommend. But I really do have a question. For someone with less than $10,000 to trade, How would you recommend we enter into trading as a newbie? Because depending on one steam of income is very difficult in this economy crisis so I would greatly appreciate any suggestions.

[@Kellysdolp]

I would suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you. This goes a long way to ensure winning trades.

[@BaekHyeon]

Please I'm a beginner, where can someone willing to start up trading reach Mavis?

[@Kellysdolp]

She mostly attend to client's faster on whats-ppp info

[@Kellysdolp]

+447

[@Kellysdolp]

40580

[@DrTechMedRevolution]

History repeats itself

[@CollectorChronicles]

Top notch interview and channel! If you like Peter Schiff his actual show on his channel is way different than his interviews in my opinion. He seems much more laid back and funny as if he's at his home or something. Every interview I've seen he acts more serious.

[@barrymanning6554]

In Peter we trust!

[@CollectorChronicles]

@@barrymanning6554 lol I’ve become addicted. I post segments of his show on Facebook

[@DeidreReed-d2c]

I like your interviews!! AnotherVery smart Dutchman!

[@marcelgerritsen4253]

Bedankt Paul! Weer een interessante podcast.

[@davyd2379]

Lekker bezig Paul!

[@alreturnslol]

Peter is a legend

[@georgewong796]

Close ALL 800+ MILITARY BASES around the World must be US first move to save US decline financially

[@pvdl11]

Is Peter drunk during this interview?

[@notgunnadoit7461]

Sometimes he's had a few margaritas and he later admits it's lol. Which I find funny and very honest hahaha - He's obviously a good man.

[@galenhaugh3158]

No, just fiat currencies are in trouble!!

[@Steph-uz8jd]

*Hallelujah!!!! The daily jesus devotional has been my a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore🇺🇸🇺🇸🇺🇸..*

[@eugen-pr6lg]

I'm a bit perplexed seeing her been mentioned here also, Didn't know she has been good to so many people this is wonderful, I'm in my fifth trade with her and it has been super.

[@YvesAlexandre-ov2td]

just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@Yusuf-di8cw]

YES!!! That’s exactly her name (Christy Fiore) so many people have recommended highly about her and I’m just starting with her from Brisbane, Australia🇦🇺

[@AnitaSalas-lr9ic]

I just contacted her and she responded nicely thanks 🙏❤.

[@crunchynuttcornflake]

English great you speak good good. I definitely believe your bullshit story.

[@robertmcintosh8773]

Print to keep power . Term limits and spending limits

[@Mornings]

Inflation will go crazy so buy an asset (gold) that doesn't increase in value enough to make up for it! It's a hedge guys! lmao

[@tmo2798]

Or buy Crypto and get COMPLETELY ripped off!

[@BeastAndTheHarlot100]

Low iq take

[@Mornings]

@@tmo2798 Easy to short crypto too and make way more than you would with gold LOL when SHTF no one is gunna take your funny yellow rock or crypto as payment for anything they'll want food water medical supplies or ammo

[@Mornings]

@@tmo2798 Shorting crypto is easy lol also if things REALLY crash no one is taking your yellow rock or crypto they'll want food water medical supplies and ammo

[@sebastianburnaz6760]

Thank you!

[@marcionphilologos5367]

No Argentina-like inflation, as the dollar will not collapse. FED will be forced to raise interest, the US government will raise taxation, inflation of basic products will increase, middle class will collapse by rising rents, collapsing commercial real estate, rising mortgages..... So, in the end the rich will live in encircled cities (like MIAMI already; a beer costs 15 dollar) ) and the working poor (30-40% of population) will live in slums, with zero buying power. O, BEAUTIFUL FUTURE UNDER THE RULE OF BANKERS.

[@yannickille4049]

😂raise interest to 17%😅😅😅

[@rogerburn5132]

USA dollars will be like == Venezuela bulivar

[@tomcat1391]

Roll back govt? Lol. No politician mentions Fed. Govt. Largest employer in USA😂

[@notgunnadoit7461]

Peter check this out. I'm a 100% Disabled Veteran (Actually my VA rating reaches 180% but that's VA math) and after being in Iraq for 7 years when I came home I was basically forced to retire from my Federal Law Enforcement position which is a FERs Disability Pension tied to Social Security Disability. All together because it's all tax free Im compensated 6 figures with 3 separate healthcare's and zero co pay, plus lots of other benefits - like I do not pay property tax in Michigan and school and much more. So let's say I receive around $150k to $175k per year in compensation for injuries and illness. I am so afraid it's all going to fall apart I don't spend any currency or own a home or have any debt. I take all the currency and buy physical Gold and Silver. But my buddies, the guys and gals I served with spend like there's no tomorrow. 5,000 sq ft homes on 10 or 20 acres, fancy expensive cars, all kinds of toys like boats, dirt bikes, snow machines. Their houses are furnished very nicely, they go on cruises and spend in lavish vacations and have one divorce after another. I know what they make because they are the same as me - VA disability, Federal Disability Pensions tied to SSD and the same healthcare. But I'm scared the dollars are going to be worth way less, the benefits are going to be cut, the toys and cottages won't be able to be sold and under water. I sometimes wonder if I should just live the happy lifestyle they are before I die or save and protect myself incase it all does fall apart.

[@Sgtrp-cp9qp]

You have it so bad and grip so much It makes me puke with your stupidity. I can say this cause I’m a 100% Vietnam veteran agent orange, benifits ain’t worth what I had to kill to get them, and all the death I had to walk away from. Get real and try sharing the spoils!

[@SootSootSootSooty]

Why don’t you find a happy medium? Living in fear of everything being taken away is something every person could focus on and in the process, create for themselves a miserable life. We never know how many days we have left on the planet. If you died tomorrow in a freak accident, all your gold would be taken away from you anyway. My advice would be to spend money on getting yourself set up in your own home where you can live sustainably, not relying on the gov for anything. Then you’ll have the peace of mind that if your benefits were stopped for whatever reason, you can still feed yourself and have a roof over your head. Spend a 1/3 of what you have on a home (and say 10 yrs worth set aside for house related expenses like council taxes, etc), a 1/3 on provisions, tools, animals, tech to equip your home so it can run off grid and things to survive long term in a SHTF scenario, and allocate a 1/3 to investments. If you get yourself set up so that long term you can support yourself /survive off the grid, in your own home, this will alleviate a lot of anxiety about benefits being withdrawn as ultimately, no matter what happens, you’ll be fine. Then in the short/med term, use the returns on your investment money on a toy for yourself, if that’s what floats your boat. True happiness doesn’t come from material possessions anyway. Peace of mind comes from knowing you’ll be able to take care of yourself, without any help, should it come to that. Purely my two cents. But worrying about what you could lose tomorrow is no way to live happily today.

[@Mercury0369]

There will never be enough gold in the world to do what these guy's are talking about ! The future looks grim for mankind because of greed !

[@theoptimist7510]

not true. The gold and silver need to circulate within the economy like before. The use of gold and silver certificates with the ability to be paid on demand with gold and silver coinage. The power players of the world KNOW that real money in the hands of the people destroys their ability to game the system. what you are saying is just central bank propaganda.

[@jodyhunt4001]

how valuable is crypto if the power goes out? i mean, if for any reason, there is no electricity, how valuable would crypto be in that situation?

[@brent4073]

How valuable is cash or gold if the power goes out? You going to burn your dollars to stay warm and see at night when it gets dark? Gold is a big, heavy commodity that is great for using as a door stopper, can keep the door open for you in the dark when you got your money on fire to see.

[@KimScatton]

6:20- so on point. I never heard there was a target until we were well over 2%

[@GANAPATIIIII]

It's true - physical gold and silver is real money. Peter Schiff is the man who told Wall Street. 👀

[@ronaldmcdonald3965]

uh oh. I was in Argentina 2003 and my young fishing guide told me how it severely impacted his family; a significant portion of their wealth disappeared. Fast forward to October 2024, sitting next to a business guy on my way to Miami; the gateway to Latin America He told me of all the effort they spent constantly repricing goods and services and impact on consumers and business.