🔴 Ep. 422: A Bubble That Will Live in Infamy

[@sreetips]

Two people came in to the jewelry repair shop, where I work, wanting to sell their jewelry because they needed money to pay their rent/mortgage. But we don't buy jewelry. It's the first time in three years that I've heard this. Plus, this time of year, for the last two years, has been very busy. But this year it has been very slow so far. I wouldn't wish crypto or the stock market on my worst enemy right now.

[@audiovideotweaker]

So when will you finish the "Two people walked into the jewelry shop" joke? - Jewelers answer: What's the long faces :))

[@okboomer6201]

...then the second one yelled "Johnny Fuckerfaster".

[@sircurtisseretse3297]

+streetips >I wouldn't wish crypto or the stock market on my worst enemy right now.< Oh, I would. Crashes of the forthcoming magnitude don't happen too often. So this is a rare opportunity to laugh your head off as you watch your worst enemies sink into the gutter.

[@Phil..._]

@@audiovideotweaker dipshits will buy the dip

How could you not buy jewelery? That GODL business is a "can't lose" proposition.

[@hOtneO]

I wanted to report a first hand experience that I had today at one of the biggest malls in America. It's a Friday and the shopping mall was largely devoid of shoppers during the Christmas season. This mall had very few traffic, easy parking, and very few if any people holding shopping bags. The most crowded parts were at the food courts, of course people still have to eat even if they are not buying. The workers who make minimum wage, probably part-time, maybe even with a college degree, seem disinterested in basic exchange with the customers...probably seasonal hires. This mall had some high end shops as well as the low end shops, the outlets and the big department stores were largely empty of customers. Although maybe it's too early and many still shop online with plenty of shipping time left, and the malls pick up in traffic when it gets down to the last week. When talking to the workers, they said it has been slow even on Black Friday. This economy is really bad and the young Millennials favor the online shopping for the convenience. The malls have even tried to lure younger shoppers with Dave and Busters but young people today don't even need to feed quarters to play video games when it's on their phone already. What was surprising is the numerous 'help wanted' signs but if there is few traffic then where is the demand for employees coming from? I think it means that workers are just jumping from job to job until they can land something more stable, and it creates a permanent void for employers. There's so few people actually showing up to these malls, that there's little motivation to spend money once you're there, it's a death spiral that is painfully obvious. This is a big mall but it's demographic is largely unmarried tech workers here on a work visa who probably make 6 figures.

[@jedclampett7705]

I'll do ya one better. Went to local Mall just to walk around and do a little "window shopping" the other day (admittedly not a weekend). Place was dead so much so, went to the seasonal Santa Claus set up and the guy was literally sleeping in the chair. Not a bad looking Santa btw. Anyways, couldn't believe my eyes as there wasn't a kid in sight...unless of course if you don't count the kid on his phone in the elf suit standing by the camera. Your post is on it, 'neo. There's more to this so called economy than meets the eye that's for sure. Just wait until we eventually get the 4th quarter revised numbers. Going to blow out equities in the wrong direction me thinks. Growth? LOL!

[@johnbracken2645]

Taking on debt to buy things that we don't need to impress people we don't know is NOT a strong economy.

[@rchicks22]

I read this tweet from Sven Henrich today, “A bull market fairy tale. Stocks rose for ten years on artificial stimulus. Then there was no more stimulus and stocks fell. The end.” I find it hilarious, but I think the story should have read “Chapter 2.” instead of “The end.” Please keep the podcasts coming Peter. Thanks for all of your commentary. You need to get invited on CNBC soon.

[@puma.will.pounce7590]

Love Peter's historic homage to the Pearl Harbor attack. How apropos in that the U.S. never saw that one coming either despite ample evidence.

[@Dave.S.TT600]

" Lite-Coin getting a lot lighter" - Peter Schiff HaHahhaHa!

[@adriansegura6352]

Wher is it at ?

[@codymiller8505]

22.80

[@Kbelcher101]

SCHIFF IS HITTING THE FAN

[@joeebanks646]

decent

[@benderrodriquez]

... and the fan is losing.

[@audiovideotweaker]

LOL liddle Peter Schitt

[@thesmellj959]

Ok

[@timothyw7742]

I'm a Millennial and I've *_been_* to Pearl Harbor! I agree with you about the education system, though

[@DegenerateSpeculator]

We millenials take a lot of shit. Good to see someone my age listening here

[@theheadytimetraveler3864]

More shit than necessary....Most times people are more referring to Gen Z than to millennials (1981-1996)@@DegenerateSpeculator

[@indust]

Woke up this morning to a notice that the Reserve Bank of Australia is considering implementing QE and lowering already very low rates in order to prop up the RE market that’s only just begun rolling over after a 60 year bull run. Would love some commentary on this Peter if you get the chance to look into it.

[@michaelrullis7501]

indust yes and isnt china lowering their rates too? The entire world is implementing stimulative policy. We are living in fantasy land

[@faithsrvtrip8768]

Bend over.

[@DanDan-kp1pz]

Here a fan quebecor living in Montréal. I am always looking foward to listen your podcast. CONGRADULATIONS for you work. Merci beaucoup :)

[@lancemanion981]

Another informative and TRUTHFUL economic analysis. Thanks very much Mr. Schiff!

[@vemmaguy1977]

Peter, Thank you so much for awakening me to what’s coming! It’s funny, I just grabbed your book “The Real Crash” off the shelve at the store and started digging in and I just had to buy. Thank God I did!

[@thebrowndoecorporation5564]

I appreciate the lessons you teach Mr. Peter Schiff. I would pay a pretty penny to take a class if Dr. Schiff ever teaches one.

[@thebrowndoecorporation5564]

I mean I'm just saying every time Peter Schiff posts a podcast I learn something new. I'm a smarter investor because of him.

[@laomark9583]

After 35 years trading around the world, I agreed that the Nasdaq will drop further down into a true bear territory in December yet. 85% + probability. It is high time, the game is over!

[@vectorstofinal]

Peter, thanks for the plethora of podcasts this week 👍🏻

[@VenezuelaNow]

I'm trying to convince my very close friends to buy Gold & Silver and their wives all convinced them to go all in the stawk market, I'm feeling really sad for my buddies...

[@user-pd8bk4ei1h]

sanctions 1940 / sanction 2018 = "1940. July: U.S. imposes trade sanctions, followed by an embargo, aimed at curbing Japan's military aggression in Asia. 1941. January: Adm. Yamamoto begins communicating with other Japanese officers about a possible attack on Pearl Harbor."

[@rawevidence540]

Peter have you considered "Triffin’s Dilemma". Maybe there is method in the madness after all and Trump is a genius. He's taking us back to the Gold Standard.

[@redtroika8264]

Peter, great talk. You may be right in the long term.

[@esquared5064]

One of your better podcasts Peter

[@mythologic]

There is nothing more objective than what he has articulated for us here!

[@tylerburger7485]

Peter come on man... I’m a public school teacher. We discuss the different wars and events. I have even let my students listen to your podcasts.

[@creativebobbo]

Pearl Harbor Day and the American Heroes Channel was running I Almost Got Away with it reruns all night. WTF? I found that incredibly disrespectful. AngloGold was 9.78 when I bought leap calls at a 10$ strike 3 weeks ago. It closed at $11.34 yesterday. Thanks Peter! Hoping it goes back to $22 before too long. I'm starting to believe the run up to Octobers high was the melt up from February correction. The shills crying to buy the financials were eerily reminiscent of 2007 right before the crash. Where are they now? Probably laughing all the way to the bank.

[@swvaroot]

I remember Pearl Harbor on Dec 7. I was BOMBED, too ! ! :-)

[@islandbee]

Guess what else had an all time low? Goldmoney down to *$1.56!* Are you ever going to say anything about that since you basically sold off Schiff Gold for 1 million common stocks and underwater warrants *@$5?!* You are now personally *down 70%* from that investment. Where's your commentary on that?!

[@joeebanks646]

lets hear it, your listeners deserve to know

[@jbw3]

Holy shit. Please look up "Goldmoney.com reviews". EVERY SINGLE 5 star is review has clearly been paid for! One guy is saying they have not verified a $4,000 deposit.

[@silverltc2729]

Hahaha this guy has had your pants down Peter Schiff.

[@brandonbakhtiar7451]

islandbee Wow. To Schiff poor people are “idiots” (min 26-27). Please remind me why I tune into this pompous gold hoarding fellow banker envying happy Hanukkah wishing suit who’s been wrong since 2009? (A suit is a costume the wearer dons to pretend not that they’re a fictional character but that they have integrity. If you really had integrity you wouldn’t need to wear costumes with chokers).

[@waltta1730]

GOLDMONEY WILL EVENTUALLY TAKE OFF ... PROBABLY WITH THE NEXT CRYPTO BULL RUN . PETER IS A SMART GUY , TRUST HIM , HE IS THE REAL DEAL

[@jayd1008]

Schiff/ Rand 2020

[@gotspade8334]

We can only dream

[@shadowmaster9780]

Schiff and me for president 2020

[@yoski203]

Putin for President

[@audiovideotweaker]

Liddle Peter Schitt

[@guytech7310]

Kinda Pointless at this point. Not even King Midas can save the USA. At this point. The USA is the car that has already gone over the cliff. Changing the Driver during the plunge, no matter how good the driver is, is going to prevent a crash.

[@ricksmith8447]

I work for GE Aviation. We are extremely backed up on orders and are constantly investing money at our site on new equipment/hires. We are essentially told that it is up to us to save the Power division. We all feel uneasy though watching the stock tumble like it has.

[@ricksmith8447]

@ Wow, thank you!

[@johnmanning2511]

thank you for putting your knowledge out there for the world

[@Rasheed9957]

Gotta give it to Mr. Schiff after it's all said and done his product is laid out on the table as a solution to the what in hope dont come. Hell of a salesman.

[@harryzero1566]

Using a credit card also offers additional insurance on the goods and services obtained from using them.

[@sooofisticated0499]

WEST GERMANY IN THE HOUSE! im from, "west," Germany. God bless you Peter Schiff.

[@balancedthinking5005]

Peter you keep on telling us to buy gold. I find it interesting, because gold only rose slightly throughout the 2001 and 2008 recessions. And gold fell during the 2000-2003 bear-market and rose only fractionally, throughout the 2007-2009 bear-market.

[@gpatdiddy]

he said "shit!" LOL!

[@TheArtur245]

The capital flight from the US should have been stopped a few decades ago and not now at once after there were no companies left to manufacture products in the US and there is no way to pay for imports except by a growing debt. The Chinese people hold huge amounts of dollars and if they decide to start selling Will cause enormous damage to the United States. The US must reduce government immediately and start thinking about increasing productivity rather than increasing debt. This is the way to deal with deficits rather than by imposing tariffs. US residents lived long free period, it is time to repay debts and start working ...

[@TheArtur245]

@Truth The average Chinese citizen works 18 hours a day at Apple's factory for $ 2 a day to send his iPhones to the US, Chinese citizens do not enjoy the fruits of their work at all - I'm talking about the government. I have no problem with the US I'm from Israel and we have an excellent relationship with them but their economy is going on like a zombie company that every month is raising loans to pay interest on previous loans and until there is a real change in spending will not be real solution. In the meantime, the dollar enjoys reserve currency status, but the currency of a country is supposed to reflect the strength of the economy and when nothing is produced, the currency is worth nothing. Until a few decades ago, the US products were sold all over the world and were considered the highest quality. Today the US no longer manufactures and takes loans to consume Instead of building factories and investing, the study shows that such an economy can not survive and certainly not be the dominant one in the world So maybe the Chinese will not sell dollars but the world may lose confidence in the dollar in an extreme case.To this day, Israel imports excellent agricultural products from the United States, but that's about the only thing I know that we import all the other products, either local or European, and from Asian specialties.

[@joeebanks646]

dude , your making way to much sense

[@TheArtur245]

@Truth If the situation is so great as you are trying to describe where the American Wealth Fund, why debt so high and why there is a trade deficit so high ... The debate is too long - hope everything will be fine but preparing for the worst ...

[@kickchef3319]

What is this World War II you speak of? Like the video games? ;)

[@johnbracken2645]

WW II started when Brazil bombed Sweden. It was a small war that ended when South Africa stepped in.

[@avarielblackwing6613]

I learned everything I know about WWII from the KanColle browser game & anime series. Pivot and hip-shoot those torpedoes, Shimakaze!

[@shadowmaster9780]

It was war of the roses, Germany was raising daisys while usa was raising tulips, and spain was raising roses😛😛😛😛😛

[@yoski203]

the banks won the war, and humanity lost

[@kickchef3319]

@@yoski203 Bankers win all the wars.

[@caseyponder8830]

but but but Bernanke had the courage to act and save us... such a savior he was!

[@keithhermann5535]

"The collateral behind the loans is insufficient to repay the banks." - Peter Schiff I'm not certain you understand the concept of fractional reserve banking Peter. The banks create money out of thin air, therefore any collateral repays the loans. This is how the banks have been stealing everything from us, if I recall this correctly.

[@markstanfield7434]

Commercial property is going to be the black swan

[@iankennedy2592]

mark stanfield so much vacancy everywhere I look!

[@maurgi17]

And they’re still overpriced!

[@markstanfield7434]

@@maurgi17 Malinvestments have been the norm. Gold shines in this environment.

[@ismardidic7508]

Peter for president in France 💓

[@taubyful]

If you understand macro economics and free markets, you know Schiff is only stating the truth in layman's terms. Most of us do not look to Peter for investment advice. What his personal investments did or didn't do are irrelevant.

[@killap3nguin]

Some of us millennials are highly intelligent and have the work ethic to back it up. Just a reminder Peter :)

[@harryzero1566]

Many people diss Peter Schiff, mainly because he cannot predict the coming recession to the month. What these people do not take into account, is that even a ship holed below the waterline, can be kept afloat while the bilge pumps are working well enough. Bringing new pumps online while you fix the underlining issues, the leaks, are genuine stimulative investments. When the main players in the markets divert that stimulative investment to reserve their seat in bigger and more extravagant lifeboats, thats when the likes of Schiff, Maloney and others, by using their knowledge of previous mistakes and patterns start giving us the heads up.

[@NaNa-wj8tw]

harryzero 156 Brilliant analogy man.

[@harryzero1566]

@@NaNa-wj8tw Mr Schiff is a very good teacher, though at times he over egg the points that he does get across. Nobody's perfect, most can be forgiven, except the financial crooks and bullshitters. Peter Schiff is neither of those. Bless him, if he says to buy gold, buy some gold from the most competitive reputable supplier you can. Gold is a no brainer, the finished products are quite beautiful, they are truly a store of value.

[@exsxpx1]

Future GDP is hard to predict, gdp needs to be negative for a recession to be occurring

[@PassportBrosBusinessClass]

My new house is JUST FINE. 10 year payoff.

[@danieldeblasio9368]

If you are paying a property tax, your house is never paid off!😄☺😚🤗

[@williemo44]

Kevin Schmidt if its clean, safe, comfortable and dry, it’s priceless. A home is a great investment because you can live in it. Even if you have a mortgage and the economy crashed you won’t be on the streets for a couple of years if you play your cards right. If you rent though you might be living in your car (unless it isn’t paid off) once evicted, in a matter of weeks.

[@JC-XL]

10 year ripoff

[@michaelrullis7501]

Lisa D beauty! Can i come and well go hunting? Hahaha. Where do you live?

[@user-tl5yb1jy7c]

@@lisad2701 and where is the nearest grocery store?

[@benderrodriquez]

Soon Peter Schiff will be so right, he will be far right!

[@pekkarousu3616]

What will ECB, BOJ, PBC do when they have a recession (=falling GDP)? Keynsian theory suggests 1. Lower interest rate 2 Increased public spending. But the rate today is either 0 kr negative and all countries already have large deficits and deficits will grow because of lower tax revenues and higher costs for unemployment. In that case deficits will explode.

[@substation996]

I live in an electrical substation built like a bomb shelter in 1941. I assume this automotive capital was making tanks instead of cars?

[@edwaggonersr.7446]

Peter, what you are missing is this: Once bitcoin is defunct the coins will have tremendous numismatics value to collectors.

[@johnnewell7535]

Ed Waggoner Sr. But the coins don’t exist (i guess that’s the point) investors actually think that they do

[@edwaggonersr.7446]

@Peter Oitzinger Exactly, these coins will only appreciate over time as collectors grab them up.

[@rashidfaarah7252]

PETER SCHIFF l love the Podcast music

[@alanmann6099]

Peter the great.

[@andyquinn4985]

Come on... some of us millennial have a clue!

[@audiovideotweaker]

Old man yells at millennials

[@brianaelliott9786]

That was so unnecessary. Sometimes these old guys are so annoying with that crap

[@mytightis2tight390]

Fast forward from Dec 2017 to Dec 2018 & Peter Schiff is a rockstar on how he accurately called the crypto market performance. 🤫🤫🤫virtuoso!!!

[@paulsergojan1541]

Your insight is brilliant. Thanks.

[@henrymorgan3982]

That was a great into Peter!

[@icscampomarino7962]

I can't figure out why so many Americans are broke, or living paycheck to paycheck, is that the real symptom that the economy is collapsing, and a big recession is already taking place?

[@faithsrvtrip8768]

Because too many are financially illiterate.

[@adampatterson213]

Got the march 15 283 put option a few days back. stoked up, hope he is right...looking to dump after the interest rate hike dec 19th. Hoping the vix falls soon so i can buy some more cheap puts. Hope it all goes down

[@Menstral]

After WWII the interest rate was artificially low for a looooonng time.

[@panzervalkyrie9299]

Where have all the crypto trolls gone that used to frequent this podcast? I hope nothing calamitous has happened to them!

[@RusskiCommieBot]

We are still here. Till the very end. WWG1WGA

[@NaNa-wj8tw]

Why is there a need to hammer people who own crypto? I have a large metals position and a minuscule amount of privacy crypto because tyrannical governments can frankly fuck off out of my business. I don’t think BTC is worth the even now ridiculous prices and I think it’s a speculative gamble but it’s inception was noble. Why criticise people who have got out of fraudulent FRNs to hold something else?

[@Imafreedomfighter]

Still here, Cryptos & precious metals

[@rodneyleon3645]

@@NaNa-wj8tw i agree. i never bought crypto but almost did. I wish peter had stayed more sympathetic about the early intent of the crypto community. It's a great sign that people are seeking to understand money.

[@pauliusmatiusovas4102]

Na Na because you got in ever bigger than fiat scam?

[@groupflix]

Peter "the broken clock" has spoken again. Gold Prices 2009 vs. now: $1087.50 and $1249.43, or 14.9% increase. S&P 500 2009 vs. now: 1126.48 and 2,695.95, or 139.3% increase. If you invest with Peter "Stiff" , Peter gets rich.

[@SoCalFreelance]

Yes, I fear people are purchasing daily living expenses using credit cards because that's their last resource.

[@umasundaram100]

Please turn on the closed captions, thanks

[@davidsine4390]

Just wanted to point out, banks don't make money just from the "idiots" paying interest on their credit cards. They also make money on someone like Peter Schiff, who pays off his balance every month as well because banks also charge the merchant a percentage of each CC sale. Therefore they still make money from all the so called "freeloaders", that pay their balances off each month. Just not as much. "Freeloader" customers may be less profitable for them generally, but it's also likely true that CC customers paying their balances off each month, tend to have a much lower default rate than customers that carry balances.

[@faithsrvtrip8768]

I never pay interest. I hate it. So I am a freeloader, as you call it, who pays my balance in full. In fact one cc company increased my limit. I will not change my spending habits. But I understand how they trap people with no impulse control orb that don't practice good financial habits, like saving and living within one's means.

[@jlepp]

Peter can you please use more impact words like “shit “ and throw the occasional “fuck” in there as well . Just makes economics a bit more fun to listen to . Cheers .. love your work mate 👍

[@Dave.S.TT600]

i haven't even heard this yet but it's a fucking awesome title. Thumbs Up!

[@idk_bud]

30:06 ..... The pavement lmao

[@zadokwest]

Infamy Infamy. They've all got it Infamy!...quote from a "Carry on Film" here in the UK Peter!

[@doctorblue6375]

My man schiff droppin dimes. Been short Spy for a while. Just opened the gold money account too

[@sangeetasharma5435]

Gold money is infamous for poor customer service

[@trailduster6bt]

Waited all day for this pun!

[@shawnkalin9337]

Peter. Talk more about the USD driving inflation please.

[@javiervalenzuela8284]

No Peter millennial were born in the mid to the late 70s up to the mid 90s if I recall. You're referring to gen z.

[@theheadytimetraveler3864]

81-96

[@exsxpx1]

That's gen x

[@theheadytimetraveler3864]

Gen X was right before millennial's, right after the last years of the Boomers in 64-81, some sources says 61 but both agree it ended in 81 when the millennial's started. Gen X is after the Millennial's starting in 96 @@exsxpx1

[@javiervalenzuela8284]

@@theheadytimetraveler3864 we can both agree the other guy is wrong for sure.

[@Chris-ol9tc]

I dont know why Peter Schiff never mentions on the Bitcoin debates that in lots of gpus and cpus gold is used also

[@tomclancy879]

"I am able to put $5,000 dollars on my credit card. I am rich." The American way of thinking.

[@DolphLongedgreens]

Is it not the corollary of Peter's military observations that we would see war before we see a dollar collapse?

[@awaykeynl7829]

Peter Schiff! what if i sell my place and take my ridiculous profits is it safe on the bank and is it safe to have it in Euro? Please answer what should i do?!

[@walden6272]

What you should do is give it to me for safe keeping. :D

[@frasersamuel2867]

Peter can you contact martin north in australia at digital snalytics. Hes an australian exonomist who is concerned about our household debt. Our household debt is out of control in australia & house prices are falling. Our idiot reserve bank is saying if we have a debt.crisis the reserve will lower.interest rates and engage in quantative easing

[@mostresticator5]

Thank you sir!

[@ZX-rs2np]

America is in debt, beer is good, China is great!

[@bengood5499]

What specific ETFS and fireign markets he's recommrnding?

[@ROODAS]

Hey Peter, what do you think of the situation in France?

[@rios1654]

I'm a millennial. WWII? I just came here to listen to someone predict the future.

[@lavinjoseph]

Not giving me enough credit on my knowledge Peter. B-day 1984

[@tominpuertorico1689]

Peter, why is Venezuela's economy in shambles when they've been running trade 'surpluses' for over 22 straight years (1990-2012)? Probably was longer than that, but the article only went to 2012. Why isn't their economy going gangbusters with all those trade surpluses? How are great economists like Sowell and Walter Williams getting it wrong?

[@tominpuertorico1689]

www.siliconinvestor.com/readmsg.aspx?msgid=31857185 here's a graph that show's the 22 years i'm talking about. www.focus-economics.com/country-indicator/venezuela/trade-balance and here's the website that the above graph was taken from. tradingeconomics.com/venezuela/balance-of-trade here's a quarterly graph that when taken yearly, again shows trade surpluses EVERY SINGLE YEAR from 2013 to the third quarter of 2015 That's 24.75 years of straight unbroken trade surpluses in Venezuela! How does that happen Peter? Why is Venezuela's economy in such bad shape with all those trade surpluses? Could it be that Sowell, Walter Williams, Robert McGee and so many others are correct when they say that trade 'surpluses' are a TOTAL non-issue. Are they also correct when they say that trade deficits are more often an indicator of a strong economy, rather than a weak one?

[@michaelborucki2896]

Tom in Puerto Rico you can't do a Google search at the least?

[@markusEuro]

Will there ever come a Schiff prediction come true?

[@jsea8987]

Dotcom Bubble and its successor, The Great Recession. Perhaps youve heard of these two; two of the BIGGEST economics crashes in history?

[@markusEuro]

yes Sir, but since?

[@TheLegacyHero]

@@markusEuro Give it a few years. If you want a real look at the state of our economy from a debt/credit perspective, take a look at the ratio of nonperforming loans to total loans. Link below. fred.stlouisfed.org/series/NPTLTL In the past three cycles, when the rate of nonperforming loans rise 25 basis points off the low, a recession soon followed. It hasn't happened yet this cycle. Schiff's theory is right, he just doesn't know the timing so he sets himself on auto-repeat every podcast to prop up gold. Gold will rise in the end -- but it's better to get in now before the end comes.

[@manishshah8998]

P. Schiff is not only master of fundamental analysis, but, he is also a great market technician.

[@theprodigy2186]

Peter predicts that the dollar will start crashing and there will be a massive flight out of the dollar, but he doesnt think a significant part of that massive flight will be into cryptocurrencies with predictably constrained supply, zero arbitrary inflation risk, and zero central authority party risk....

[@PleaseDoRead]

Bear Market now to until

[@Hartworth]

Why you always ignore xrp? I am a gold investor but I think it odd you never talk about the number 2 coin.

[@vahangood5999]

When you go MGTOW & learn to live within your means... Then you aren't worrying about anything; you enjoy your time & place on this good Earth.... And when it's time to go, you smile and wave goodbye. 😊

[@em9214]

I love vagina too much

[@thisoldman99]

soulsiq 92 I guess Mgtow just means avoid all the legal liabilities ? Like in traditional marriage? Not too familiar with the movement but I think that’s what it is

[@contemporarymale]

Dont claim to be MGTOW when youre INCEL. Some of us can actually get women and dont need to be evolutionary dead ends.

[@ProjectYaris]

86’ born millennial and yes Peter, I know what happened that day.

[@OMG_BeCkY]

Wow...I'm pretty sure I just got insulted by Peter Schiff for being educated at a public school. As if I had any choice in that matter.

[@BreadAndGatorade]

Omg becky!

[@realchicagophill]

Just shut your pie hole and go get your friends to listen to Peters pod casts!

[@contemporarymale]

i was educated at the public library by myself, while also attending the public indoctrination camp, so I dont take it as an insult, you shouldnt either unless thats all you did.

[@stevemt3238]

Your parents did. Read the Communist Manifesto. A public school system is one of the ten planks of communism.

[@OMG_BeCkY]

@@stevemt3238 He was insulting people who attended public schools though, not their parents. And you assume my parents had the money to send me (and all of my siblings) to private schools. Your privilege is showing :)

[@skki4691]

On the trade deficit issue, isn't it the job of a world reserve currency? Correct me if Im wrong...

[@randybest9187]

The emerging markets always seem to be "emerging"..............

[@danny208YT]

Peter, Peter, Peter, most of the stocks in the market were at their upper range, meaning most securities were at full value or near full value. Big money is simply bringing securities back towards the lower end range. They will accumulate stocks as they go down and they will distribute the securities to retail and repeat the process over and over. The financial crisis was bad but we recovered like usual because we live in a scripted reality. You sure have alot of power over the people with poor brain development

[@faithsrvtrip8768]

Deutsche Bank keeps declining. How low do you think it will go? Same for GE and GM? Be careful. Catching falling knives is dangerous?

[@randybest9187]

Crypto currencies seem like a fad.

[@enderwiggin8947]

The idea that there is a Plunge Protection Team is a trading strategy in itself. We know where the dips are. Any dip is a dip and therefore a buy. Thanks PPT and US tax payer.

[@thuan123red]

I think she was arrested because her company sold American Technology to Iran, you are the expert is that true.

[@JP-td8gt]

I don't know about you but as the fed raises rates. Investors and the markets are freaking out. It doesn't get any clearer than that. Not to mention tariff conflicts, other influencing factors. If fed continues to raise rates, we will see some crazy things happening. How in the world can USA be prospering with over 21Trillion in debt. That's like a middle class family being 21Million in debt with a 100k income that is not prospering it's keeping up with the Joanses. IT MAKES NO SENSE; USA is not prospering in a healthy way. It's artificially deep fried and wrapped up in lies. The only people who are prospering are those that can take advantage of the circumstances. But there is no way this will end well for USA. How sad.

[@TheCristo68]

i like the the new language .Peter never used to say shit before .

[@thebrowndoecorporation5564]

I want to invest in EPC products. Too bad I'm a small fry. I gotta drop 25 Gs just to get a phone call from Pete's company.

[@Coconutlacroix]

Or "The little bubble that could!"

[@jarrodz-yx9rz]

Peter thanks for 4 this week. I listen to them and I noticed you and a few guys in the gold and silver space starting to turn bullish . The USA economy just smells fake from my viewpoint in Vancouver. Trump is so stupid to keep on with his tariffs and the USA is just about done raising rates...investors are in sell mode...however gold and silver investors are in buy mode...Peter you are the best .I love your business sense