The Debt Crisis Is Mathematically Guaranteed. It's Coming.

[@michaelwiebeck3]

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.

[@Rachadrian]

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.

[@Dantursi1]

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.

[@CindyValenti]

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

[@Dantursi1]

Just research the name Annette Christine Conte . You’d find necessary details to work with a correspondence to set up an appointment.

[@CindyValenti]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@tatianastarcic]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@RaymondKeen.]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@Hectorkante]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@RaymondKeen.]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@CraigLloyd-fz6ns]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@Casey-summer]

Right now, we stand at a crossroad of possibilities in the market where the boundaries on what we can achieve is not just dictated by the Fed, or the world around us(war, inflation). There's always going to be recession for some people while others amass wealth, think about it.

[@mellon-wrigley3]

I think this is a time where financial advisors may come in handy for everyone, not just newbies

[@lilyhershey1]

IMO, financial advisors are the most sought-after professionals after doctors. My portfolio is well-matched for every market season and just yielded 85% from early last year to date. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

[@disney-hefner]

​ *@kristen-pierce1* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@lilyhershey1]

Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Gallo-firestone]

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

[@nicolasbenson009]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[@ScottKindle-bk3hx]

Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.

[@Jersderakerguoe]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Kin-28-8]

Do you mind sharing info on the adviser who assisted you?

[@Jersderakerguoe]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Margaret Johnson Arndt for the last five years or so, and her returns have been pretty much amazing.

[@Derawhitney]

Margaret has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I set up a call with her so I could use her services.

[@leahschmidt4067]

Best comment “I’m an idiot and even I know this is alarming.” LOL heard that!

[@conniehurlburt1591]

People are not buying more stuff. The price of everything is increasing. I spent $50 at the grocery store that just 6 months ago was only $25. Food inflation is through the roof!

[@mchammer1836]

Seriously concerning since food is the most basic necessity

[@oudude8770]

Something that is hardly talked about enough is the major banks' exposure to derivatives. Their derivatives exposure is estimated to over 1 quadrillion dollars.

[@rudeawakening3833]

I was chatting at a recent high school reunion to a friend who works for a large bank in NYC . I started talking about the BRETTON Woods Agreement , gold & silver manipulation , the devaluation of the US dollar - he needed to “ go “ . He was nice , but took off !

[@everready800]

​@rudeawakening3833 Lol he probably felt out of his depth!

[@rudeawakening3833]

@@everready800 He felt something … He hustled away and left in a hurry .

[@bitlong4669]

@@rudeawakening3833cuz he realized he can still make money on conspiracy tin foils lol

[@owenyoung9645]

Check out the great taking by David Webb although you probably already have if you’re looking at derivatives.

[@1gm245]

Don't worry guys, Janet Yellen has it paid for.

[@claytongehrke2176]

She looked into her depends and found enough liquidity for everyone

[@davidelliott2485]

Ok that’s funny right there.

[@bbustin1747]

She has complicit support from both sides of the congress and Jerome fully supports those endeavors. And he won’t criticize his employer on how they run the ship.

[@mattburgess2571]

Janet go brrrr😅

[@toddbrown417]

​@@bbustin1747Jerome works for BIS, big picture please

[@Eric_moore484]

The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.

[@Dave_East]

They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

[@Helen_white1]

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

[@Agatha.wayne0]

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

[@andrewjones588]

No one acts as if it’s coming because there’s nothing they can do about it. Their only play is to ignore it as long as possible and use the time to find a scapegoat for when it hits.

[@bigb6046]

Yeah , let the next guy worry about it. In their defense anyone who seriously addresses our debt won't get elected so we actually have to blame the voters.

[@davedav214]

@@bigb6046 I have been saying the exact same thing for a while now. The voters pretend they have nothing to do with it.

[@stefanonbekend8177]

​@@davedav214The voters not know what is going on

[@TheCrimsonOne508]

@@stefanonbekend8177that’s because the voters are retards

[@robgrey6183]

@@bigb6046 "Voters" don't have anything to do with it. "Elections" are rigged. And there are no substantive differences between candidates.

[@summerday2791]

That’s exactly why they drag it on. A lot more people will hurt way more than if the market got to correct when it needs to. They’re trying to get as many people as possible to get trapped in their net. The founders warned about exactly what’s happening now and the people doing it.

[@tzc9309]

to be honest i think the dragging on (currently) is due to a global power struggle and perceived weakness. If the economy crashes it becomes harder to fund war and opposing powers may see it as an opportune time to amp things up, yet if it is prolonged to fund war it becomes worse for the citizens long term. Both are bad scenarios there is no good scenario here. I guess they have chosen the former for now.

[@b4ph0m3tdk9]

The goal is to steal your pension funds.

[@joeysocks5718]

In Peter we trust. I remember him saying Powell won’t beat inflation with these interest rates. Lookie here, inflation going back up. He was correct

[@everready800]

Remember Peter in 2008 saying gold was going to the moon?

[@Mistro07]

@@everready800 and it will...he just showed up early to the party

[@WInnerwinnerchickendinner.]

Peter is still the worst tipster.His followers have been paying the newly minted young millioniares

[@hunden8404]

@@everready800 In 2008, gold was about $870. It’s now over $2000. That’s quite the jump and continues to make record highs

[@bitlong4669]

lol I can’t believe ya all actually think Schiffy has a clue LOL

[@petejames1326]

a small apartment and for me the worst bill is the HOA fees, they are going up ridiculously, i can always afford cheap food, but how can i afford HOA fees going up 10% every yr when my wage is flat, in about 7 yrs im gonna have to sell up because i cant spend 50% of my wage on HOA fees which will keep going up and up, i have asked other owners to change the buildings management vote them out but no one wants too, i guess some people like paying rising HOA fees all the time, thinking of moving to bangkok now where things are much cheaper.

[@jwg9338]

We already know the end is coming. Japan's no bond purchase for three days proved that.

[@stefanonbekend8177]

The fed just print money and buy it self😂😂. Pay the debt by making new debt, very healty economy😂😂

[@ChristopherNagg]

Where did you see that?

[@mlindosroom]

Peter Schiff is like Noah in the Bible. Noah tried to warn people and to onboard as many as he could because he knew the floods were coming

[@1almosawi]

Every video Peter is more n more worried and is barely able to even smile. Worrying about this behavior. He's Warning all⚠️ We love you Peter❤️💰💸🧠

[@rosuflorian9861]

Are you F insane....he was wrong for 15 F years straight....there are people that invested in gold 15 years ago and they would have done better in the smp 10 fold.....

[@mlindosroom]

@@rosuflorian9861 so what's your point?

[@bdek68]

@@rosuflorian9861what the hell are you talking about??? Everything he is saying is the truth! What is he saying that’s not? I’m waiting

[@J-P88]

​​@@rosuflorian9861if i remember correctly as my bible knowledge is a bit weak compared to others but Noah was wrong for 40 years straight. But when it came the ones that didn't listen which was majority lost everything. And thise that listened while they could of had more in the previous 40 years could of had more if they ignored Noah ended up with more then those that ignored Noah

[@PatrickLloyd-]

Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?

[@Nernst96]

Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a coach or other professional for advice.

[@PhilipDunk]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@mikeroper353]

who is your advisor please, if you don't mind me asking?

[@PhilipDunk]

Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@mikeroper353]

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.

[@danielscott1409]

We had a major debt crisis last year. Fed pumped in $400bn via Bmtfp. Was the most bullish thing that could have happened to assets

[@shahub5]

Thanks for everything Peter!

[@randyosborne3971]

Congress is for sale. On the take. BOTH PARTIES. And Congress mandates the Federal Reserve. What could go wrong?

[@miltonsmith3114]

And our elected representatives act like they could care less!!

[@liquidreality472]

It's almost as if it's a bad idea to have someone "represent" you

[@aspensulphate]

I don't believe it's an act, for the most part. It seems as though a movement has captured the governments of the world. A movement which seeks to destroy the Middle Class.

[@EnlitendPatriot]

Could NOT care less?

[@b4ph0m3tdk9]

They lie

[@Navy35]

Did you stop to think that maybe they’re not acting?

[@maxthemagition]

50 years ago one could buy a house for $5000. Today the price is $500000 . There is the evidence of massive increase in Debt and the printing of money and IOUs. 50 years = 100 times in just about everything. The next 50 years we’ll see another 100 times expansion. Your money in the bank will for sure not increase by 100 times in 50 years. BUT if you invest in the Market index and you can get a return of 7% per annum you can almost keep abreast of the FED who printing the money and paper IOUs. Investing in higher risk then you could lose the lot. Money making money from money and from nothing else is what it is all about… How long this game of monopoly can continue is anybody’s guess. I’d give a couple of years considering the state of the World today where DEBT and PAPER IOUs exceed the value of everything else.

[@setfreemiss]

You couldn't buy a house for $5000 in 1974 where I live. My Dad bought a small 2 bedroom house for $14K in 1963 .

[@RavemastaJ]

@@setfreemiss That is not the argument you think that is.

[@brokenvessel4171]

​@@setfreemissMy Dad while working as a meat department manager at Red Owl making about $2.35 an hour bought a New VW for $1,400 (paying cash) and a two story house in a nice quiet neighborhood for $12,000. paying it off in 10 years. Silver Certificates were issued (dollars) that you could exchange for a 1 oz. silver dollar at any bank. 100 copper pennies could buy a silver dollar.

[@MrThe1234guy]

You're not going to see that type of inflation in the next 50 years because the currency as we know it will not exist it will be a fully trackable cbdc. It is a slave currency

[@ChristopherNagg]

Cbdc

[@BibleMadeSimple]

Peter you always look great. No one can tie a tie like you!

[@3Torts]

...strange, does anybody else remembering signing a deal for $30T?

[@greglane3978]

According to Pelosi when they spend another trillion dollars and the people bring up cutting spending she says "the cubbard is bare" for cuts.

[@rudeawakening3833]

Awesome interview . Not a lot of BS opinion ; Mr . Peter Schiff is always factual and true …

[@markdavies4123]

The no1 Economist in the world. Big❤ from UK.

[@andrewdunlop2966]

Peter the books are cooked 🔥

[@socalsilver6397]

Schiff knows his Schitt 😎

[@JannyLuits]

Well, i do have my reservations about the economic crisis. Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $650K portfolio is down by approximately 20%, any recommendations to scale up my ROI before retirement will be highly appreciated.

[@Pamela.jess.245]

we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@goldismoney5899]

END THE FED. Gold is money.

[@stefanonbekend8177]

Yea when they default on the national debt gold is less money

[@bitlong4669]

Gold is crap. Yes let’s collect metals.,,and beans,and cattle…yes let’s go back 100s of years.

[@tedkrygoske535]

I’d sure love to know what Peter’s thoughts are on the book/video The Great Taking

[@Pocket_Champs2023]

Capitalism is severely broken due to no livable wages. I stopped being productive for evil capitalist businesses from age 20 to age 40. I have NOT been given the dignity I deserve as a spiritual human being. From 40 and on; I will only be self sustaining myself as much as possible and taking as much as I need into old age. IF I had been paid livable wages of $33/Hour since my first job, this would never have been the case. US economy owes me anywhere from $600,000 to $1.5 million in stolen wages ( cheating me of my livable wages by lopping off most of my value and treating me like a servant ). Now I will squeeze everything I can get from society while living off the grid and you will feel my rage, my pain and my distain for your stupidity ❕❕❕

[@Opdi67]

lol

[@alphaomega1351]

Debt, Debt, Debt, and more Debt. Finance capitalism at its finest. 😶

[@aaronkelly3035]

“Capitalism is when the government gets in debt” is a hilarious take. Idiot

[@wmntv]

When governments control money, it is not real capitalism, it is interventionism, a form of statism. The integral part of true capitalism is a gold standard.

[@stormeegarvin7190]

So exhausting.. all I know is us slaves will be continued to get screwed.. 🙄

[@carln1303]

Too depressing

[@0nelight19-SaveSoil]

If fertile Soil is gone, economy is gone. Currency is gone. Civilized form of living together is gone. Not even gold is a substitute for Soil. US should invest in Soil to at least have something to eat.

[@theloniuspunk383]

we don't want a capacity to feed africans. salt the earth!

[@mikeb5372]

Keeping and maintaining good soil is good practice

[@tzc9309]

lol why do you think bill gates is buying up farmland at alarming rates 😂

[@brokenvessel4171]

​@@tzc9309Because he wants strategic water rights for control and will lock down the land from fertility.

[@tzc9309]

@@brokenvessel4171 food prices rising, land a stable storeholder of wealth, farmland becoming more scarce so value rising quicker than real estate, etc etc. It just makes financial sense not sure if he is an enemy of humanity lol

[@Cokie907]

Not if the REST of the world keeps its faith in the dollar. The global community is the enabler of our profligacy as they've been for over 50 years.

[@DaveHawthorne-lk9mz]

The faith in the dollar is dropping rapidly...sped up by idiotic moves like trying to steal Russian owned tbills in a Belgian bank.

[@jan1agush]

Nobody sane is keeping faith in fiat. Though not many sane left.

[@randyosborne3971]

But will China, Russia and others allow that? Being they are on the wrong end of the stick.

[@tzc9309]

lol i mean how can you blame the enabler when the gov chooses to make stupid decisions though

[@JohnJones-k9d]

Us stealing Russian £300bn will see the end of that.

[@davidscialabba6884]

Peter is right...has his timing been off...yes...I'm shocked its lasted this long....but its going to happen... and when people go to try and buy precious metals...it will be too late...period

[@aspensulphate]

"Buy precious metals..." Yes that's the way we think of it today. What you're really doing is _exchanging_ fake money for real money. While it's possible.

[@ProductionJunction1]

@@aspensulphatewell said

[@samuelglover7685]

@@aspensulphate Gold is "real money", is it? Groovy. Try buying a cabbage with it. Either now, or after the financial apocalypse that frauds like Schiff have been bleating about for maybe a quarter-century, now.

[@bitlong4669]

lol ok btw is you tin foil hat gold plated too?

[@davidscialabba6884]

@@bitlong4669 you must have all your money on a computer screen....priceless....lol.

[@MySquash1]

And yet my gold shares are tanking along with gold as US dollar soars past 1.03. Peter forgot to warn us of reality. I have lost $1 million on gold and another on opportunity costs from when I became a believer.

[@FiatBurner]

There's a whole graveyard of people who have been ruined by Schiff's disastrous advice including me. Don't make investment decisions based on macro-economic predictions. It's a fool's errand.

[@belle8i]

Why are you buying gold shares? You should have bought the real thing.

[@tombox2759]

Inflation is actually 22% according to the CA fabric sketches.

[@martinfarfsing5995]

Peter , more information like this and on this subject is more important than how much wealth we have at this moment. Thanks

[@Natalieneptune469]

Given reduced inflation signals and as the Federal Reserve has halted rate hikes, what are the best additions for a $500K portfolio to enhance the overall performance of my portfolio

[@Patriciacraig599]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

[@PhilipMurray251]

True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.

[@Aziz__0]

think you could suggest any professional/advisors i can get on the phone with?

[@PhilipMurray251]

Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services

[@Aziz__0]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services.

[@Paul_Rohde]

For your non American audience (Australian here) or for world markets, what will be the impact to banking systems around the world? Which regions will sink with the US, which will remain robust?

[@hostiliscivitas]

Miners got destroyed today

[@treavey1]

he is correct that a debt crisis is coming because we have too much of it and much interest rates on it will be demanded by investors.

[@JackJackie-k6y]

Even if the shit mining stocks 5X from current levels, they are just getting back to par when gold bullion traded at 2000/ounce back in 2011. In other words, the mining stocks have been an absolutely abysmal failure. Peter Schitt needs to understand that time is more important than anything else in this world.

[@dylanmoris6211]

We are becoming too obsessed with the incoming crisis. In the right sense, the market never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my $480k portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?

[@LionTowercoporation]

I think it's the professionals and those who use their services that are really pulling in the big money right now. There are advisors that can help you achieve very consistent growth. You just have to make some research and get one who fits your fin-goal.

[@KelvinWallace]

There is always a market recovery. Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just $17,000 short of having a half a million dollar portfolio.

[@williamsbrown4026]

@@KelvinWallace would greatly appreciate if you could share some information about your financial advisor. I'm also interested in making positive changes to my finances this year, so any insights would be highly valuable to me.

[@KelvinWallace]

Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@williamsbrown4026]

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

[@annasad]

Peter, you misled hundreds and thousands of people to not participate in the Stock Market, resulting in their direct loss. No one knows the future, but a person constantly listening to you has lost a lot of opportunity cost by simply not participating in the markets. It would be best if you did not mislead people or steal this opportunity. I am sad to hear that you continue to tell the reality, which is not real, as debt is not real. We have always invented new ways to make, break, and improve, and all that virtual money has led to where we are as a human civilization. So please have a moderate thinking pattern and appreciate whatever is happening today.

[@LatimusChadimus]

Don't forget they are supposed to collect to pay back yet they print and spend and then collect and spend and then they borrow more to pay back what they've spent so they can spend some more. There will be none left because you can't expect to pay back the first dollar borrowed into existence with the two daughters you have to borrow after that

[@moshow93]

How about we just say fuck the lenders and nationalize the banks?

[@stefanonbekend8177]

Bank bail ins you get to 250k Dollars back, no bail outs

[@mathisnotforthefaintofheart]

And to be clear: 2008 crisis was also never resolved. Stay out of debt folks and diverse your wealth. Part of it should be gold

[@Go4Corvette]

The government has set the example for our kids that debt is no big deal, so now we all go down with the ship.

[@hvaball150]

Could say the same thing in 1836... And been wrong for 200 years.

[@Go4Corvette]

🤣@@hvaball150

[@unitedstatesdale]

The gubberment is like a car with bald tires and no spare

[@Foslopac]

Today at $34 trillion, the debt doubles every nine years, which means by 2042 the debt will reach $136 trillion. I estimate the crisis arrives within the next 18 years.

[@toddjohnson271]

The debt crisis is already manifested slowly....2 income families.....adult children living with parents.......it is at most a one generation game.

[@drinkingpoolwater]

im 40 and most of my peers live with their parents and have no job. its really sad.

[@YuriyYarish]

America is dying

[@bobbenoit8470]

The only thing I would disagree with Peter on is the "goods" that Americans consume and that we don't produce anything. I keep hearing economists say that the US doesn't produce anything; that everything we as Americans consume comes from abroad... That's true if you count only the "crap" we buy from Walmart or Harbour Freight, or any these retailers.... What about the food we eat, the houses we buy, the medical care we receive, the home owners insurance we buy, the fuel we consume that powers our homes, automobiles, and infrastructure? Who do you call when you need a plumbing repair ,electrical repair, or hvac repair done. An American person comes out; not a Chinese worker... Where did the lumber or all the materials 😅come from that is used in all these new homes and where did the labor come from to build them? Who gave you the financing to buy that house you live in? Yes, our government and the average American is fiscally irresponsible but but stop saying that that the United States doesn't produce anything !

[@samstewart4807]

Hi Peter, I think we all know the only way this stops is with a crash.

[@nicknames5325]

CBDC or stable coins is an imitation of printed money. So people don't spend printed money but an imitation of it. That's what the governments are afraid of. People have taken a lot of advantage of the debt and never paid it off.

[@chaddy-me-boy8299]

Peter is correct, however what marbles in the jar is Peter not seeing for this to con’t? 1. We have reserve currency status. Until the flag is pulled we can con’t. 2. We have nukes to protect the flag. 3. We have a technology lead bc of being able to print and innovate. Top 7 tech stocks. 4. Amount of people China/India. 2.5 billion saving and producing for 320m Americans. 5. Capitalism vs Communism of keeping order w the people.

[@petrsal6856]

Are you a fool or something? How will nuclear help you, other countries have it too, and it has nothing to do with the economy.

[@Joe-nx7nj]

Follow Peter if you want to lose money

[@tzc9309]

yeah but what use is a technology lead if you do not own enough means of production to produce that tech, and your currency is in the dirt so can barely afford the necessary raw materials/components without taxing people into the ground, or do you then just go and invade countries for resources, start WW3 when many many other countries have nukes, for the sake of keeping your dollar strong. Senseless argument what good is economic power with no economy or people left and a broken global state. You lose longer term too as other countries have raw materials, as well as there being no guarantee the US/Europe could even beat the combined forces of russia, china, iran etc in an all out war. The population difference is insane as well as the access to raw materials to produce things, and i doubt at this stage in time the tech difference is so large it couldnt be overcome by these nations. Senseless beyond belief truly a braindead argument.

[@JohnJones-k9d]

The us $ is on its way out, US stealing Russias $300bn is an act of desperation form a bankrupt govt. In terms of innovation is not t the top in any way, in fact China leads by some way. US is not a capitalist country it’s a pseudo/socialist, you bail out your banks and industries every 5 minutes. Magnet thatchers famous statement. The problem with socialists is they run out of people money and then have to borrow. US borrowed $1trillion in last 3 months. You’re not a capitalist country as your crappy industries and businesses are never allowed to fail EVER.

[@DeeDen1776]

Shout out Peter, NOT changing stance since 2005!!💪🤣🔥

[@bitlong4669]

Yes! I do opposite of what he sales and making a killing. Gooooo Schiffy go lol.

[@JackJackie-k6y]

How are those mining stocks treating y'all? 😆

[@drewsykes8231]

the government just voted a monitary bottomless pit. debt grows inperpetuity

[@PassportBrosBusinessClass]

$34,000,000,000,000

[@philhubb5885]

The real CPI is classified info. We get the massaged version after hedonics, product substitution and owner equivalent rent shenanigans.

[@vonniemichelle3670]

I’m glad I’m already poor. Never thought I’d say that!

[@lzeng78]

How clear can peter explain this? Gosh

[@LandaverdeJR]

Yeah right! Quantitative easing can solve every math 🧮 problem.

[@bdek68]

No it can’t

[@dennis6733t]

Yes sir another fine show Pete.Out if 10 I'd give it 1i.

[@brianb6957]

Trump didn't help either. Keep paying those taxes folk's.

[@marcocarlson1693]

Yes.

[@WInnerwinnerchickendinner.]

2024 another great year for Peter.He keeps the title for the 16 th straight year as worst tipster of all time.Nasdaq,dow all time high .gold down, and USD going to the moon. Peter still the biggest loser.Hope his followers still aren't shorting bitcoin since $150.

[@user1952-e4g]

At this point the debt "can" is now a fully loaded 55 gallon drum that cannot be moved let alone kicked. Default on the debt and or inflating the debt away will be the only option after the dollar is dethroned and crashes as Peter suggests..

[@moshow93]

Banking should be a public utility with interest payments going to infrastructure, Healthcare, retirement, and education.

[@mikeb5372]

Socialism? No, not a good idea. You're really just suggesting what the WEF globalist oligarchs are trying to implement

[@Jadstar1]

Lol.... no.

[@babudinesababu6911]

Although I do not believe this is a solution, but is it possible the economy could grow itself out of the problem?... can more economic growth solve this issue and we pay off our debt?

[@francoispremier3191]

So what as to be done?

[@titasdhar4407]

Don't wory guys , Yours job will be also vanish.

[@tekannon7803]

What no one seems to understand is that finance capitalism, the economic system under which we all succumb to has shown its soft underbelly and the reality is that it is a broken system that has been grounded on the beach and is slowly dying before our very eyes. It is absurd to the point of hilarity that an economic system for The United States could find itself with 34 trillion dollars in debt. The sheer amount of this money in pay-back terms is laughable beyond belief. Yet; we go on debating how to win back our freedom while the rats infest our trenches and we slide into utter despair. The plane is going to ditch; we need a new economic system.

[@aaronkelly3035]

This is exactly the opposite of capitalism

[@tzc9309]

I mean isnt being smarter with debt just not the simple solution here

[@jwalkerandthe]

Perspective: one trillion seconds = 31,175 years.

[@themetalprincess]

The daily interest on the federal debt is almost $2 billion dollars a day. Wrap your head around that.

[@mikeking-lc3vl]

We need bags of silver coins to do our daily bread. Dollars wont be worth a roll of toilet paper. Literally.

[@HighCalip]

One thing is for certain, the dollar is going to continue to decrease in value over time, whether that causes a debt crisis or not it still impacts individual standards of living and savings. If we reach a point of runaway debt monetization to keep the "ship" afloat that's when its time to panic and exchange dollars like a hot potato for anything of value.

[@SaboTaGGe1982]

Peters problem is that he can’t prove that the debt can’t continue. Japan have had pretty much zero rate for +10 years and twice the debt to GDP.

[@stlouisix3]

💸 Economic outlook is bleak with increasing inflation and government spending, leading to a future of financial hardship for Americans. 00:18 Americans are experiencing 3.4% inflation, making them poorer US government's continuous spending exacerbates the financial situation The economic future for Americans is grim 💰 Inflation and debt crisis are inevitable due to mathematical guarantees, impacting the value and purchasing power of dollars. 03:18 Inflation and debt crisis are inevitable Warnings about the crisis have been ongoing 💸 Impending financial crisis due to trade imbalances, unsustainable debt, and reduced standard of living for Americans. 06:39 Trade imbalances leading to expensive imports Unsustainable debt and reduced standard of living Impending financial crisis due to debt accumulation

[@johnboettger864]

They buy OIL Peter. When the petro dollar goes away, we go away!!!

[@bitlong4669]

Hey Schiffy, it been coming for past what? A decade now? Btw how’s gold? lol.

[@peterbarrett5496]

We should start moving the decimal point over like Zimbabwe

[@Joe-nx7nj]

So what is going to happen?

[@tonydanzl]

HPInc does make a throttle body replacement for mag.marreli 👍🤠✌️

[@marcuswelby9601]

If they go up too high then people won't buy them other than food.

[@Pocket_Champs2023]

Homesteading and self sufficiency farming is growing in America. Poor people no longer willing to work for evil wealthy people.

[@anthonymignone9069]

It’s easy to see exactly when it will happen. 2027

[@User98681]

It will happen this year I believe is what my intuition tells me.

[@AlexVNL]

2029, 100 years after the great depression. Seems like a nice historical wink ;)

[@BradKwfc]

Prices are going higher.... but what happens to prices when people stop buying?

[@hvaball150]

Price drops to near cost... Then the product does not exist after that.

[@stefanonbekend8177]

Company's go bankrupt

[@jameshoffman4264]

I don't want IOU's. I want assets.

[@steviedonoghue]

We're doomed.

[@SandwichKing-lj4ej]

If my salary loses it’s purchasing power, I either get a huge pay increase to offset purchasing power loss or I stop working.

[@petrsal6856]

It's more likely to be the latter with you.

[@regulafrey3333]

Empty words! China has only one alternative to perpetual financing of the US debt and that is military confrontation. Financially, the US could not imagine anything more attractive, because in this case it would undoubtedly have the right to requisition all US debt securities in enemy possession.

[@sandydixson7999]

The debt doesn't effect the nation Wall Street business practices are no concern to the American public or does it have a effect of operations of the governments The only effect on government is government employees That's term of employment Government employees do not contribute to Social Security They contribute to Wall Streets retirement plans As a investor their profits gains and losses are private, it's nobody's business Wall Street Texas and Colorado civil courts didn't just break laws they violated American citizens Constitutional rights In this nation history never is there someone on record violating ones Constitutional right Never was anyone so arrogant and ignorant to the value and beliefs in which we stand Never so ungrateful to the ones who sacrificed their lives Don't know what happens to them but they'll never do again No politics will have a say The laws will

[@joostonline5146]

One day Schiff is going to be right....

[@JohnMayLiVes303]

Earth is Flat

[@emendatus1]

No. İt is in the shape of pyramid.😊😊😊

[@ericscottstevens]

Add in 10 million + illegal immigrants and rents are guaranteed to go up, way up.

[@XrpIambo]

Yes, because they are okay with paying $1500/mo because there are 12 of them living in a studio. Try that as an American.

[@stormeegarvin7190]

Illegals get free rent while their waiting for their green card, when if they go to work they only have to pay 30% of the rent, free medical and food stamps... What the hell do us tax payers get.. we get to give it to the NON TAX PAYERS... 😳

[@stormeegarvin7190]

​@@kickback-timeI don't think my large breed dog rescues will allow it.. 🐾🤣🐾

[@gilbertovanessian6998]

And will have to share your family with them too ?

[@coolisfoolable]

i heard they gonna force each legal citizen to host an illegal immigrant at their home for at least three years or they go to jail.

[@davea2942]

3:35! 100%