🔴 The Beginning of the End - Peter Schiff's Keynote at VRIC 2019

Peter Schiff's Keynote Speech at VRIC - January 2019
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[@ValiRossi]

He's making this speech off the top of his head. I don't see teleprompters or a written document. That is impressive. Very smart guy and good speaker.

[@RantzBizGroup]

He's been wrong so often he's good at it...

[@Charliechorizo]

@@RantzBizGroup , Noah was also wrong. Until the great flood came.

[@RantzBizGroup]

And at this rate Schiff will live longer than Noah, AND STILL BE WRONG!

[@blazerman61]

Too bad nothing he says comes to fruition..

[@bobdole57]

@@RantzBizGroup Go read a paul krugman column

[@ZlayaCo6aka]

"The greatest shortcoming of the human race is our inability to understand the exponential function." -- Albert Bartlett

[@drew9312]

Refreshingly honest, making total sense and what a great public speaker. Love listening to Mr Schiff.

[@pauliusmatiusovas4102]

Smart voice of truth in the sea of lies

[@doubleuponbob3397]

And big trouser snake as well.

[@420Skyship]

you want truth? stocks are a long term investment and you will guaranteed make 10-fold over time if you stay in. Schiff is worth 70 million. Buffet is worth 80+ billion and gives most away. Buffet always buys buys buys. Who do you all think I'd rather listen to? I go with Buffet and the Ben Stein school of economics. here's some wisdom from Stein if you are interested.... kzbin.info/www/bejne/lYDbmZRtqdCFe80

[@pauliusmatiusovas4102]

Isnt Buffet all cash now ?

[@erik4762]

oh boy, how right he was...

[@user-zw5yu1ky9g]

Wtf you talking g about. I've made 19% almost every year since 2019

[@Wowsers101]

We're in an inflationary bubble that he was just talking about

[@BaculVania]

You're looking real sharp these days Peter! Thanks for your contributions as always.

[@atilasantos4677]

Drunk as fuck. I can smell the alcohol through my phones screen. Love you Peter, much love from Brazil!!

[@SpaceWalkTraveller]

I've been listening to Peter for over 10 years and I still love hearing his thoughts on the economy. I really wish he could do more podcast as he calls it for how it is.

[@farfiman]

10 years and going...preppers are worn out...

[@stevew6138]

Hell, I got in the movement in 1985. The world has not ended yet, but I've gone through 4 lay off and 2 plant closings. My preps really came in handy.

[@pranksterguy1]

Glad I'm a prepper.

[@zd1322]

Negative. I will never tire for freedom.

[@rev.jimjonesandthekool-aid4488]

You can thank the silver pumpers.

[@tacitus7]

Preppers are delighted actually. This is a much better world than what is coming.

[@np2819]

It's spooky ! there is no one other than Mr. Schiff in the video. High quality though.

[@marieschmitz2320]

I wonder if there was a privacy issue with the audience?

[@throwaway8848]

Truth I agree. It looks like he’s in front of some green screens

[@esetek]

N P hologram

[@alparkes6084]

I heard some applause in the end. Either1. The crowd was very small and they didn't want to show it, or 2. they believe panning to the crown is self promoting and detracts from the speaker and his message.

[@nicklespale22]

*Bad camera angles but he was there, check these resources:* investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/vric-2019-day-1/ www.kitco.com/news/video/show/VRIC-2019/2245/2019-01-22/Peter-Schiff-More-People-Will-Wake-Up-To-Golds-Benefits#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DVRIC-2019 *This last one is not of him but check and compare the background to the video and you'll notice that it checks out:* twitter.com/INN_Resource/status/1087029610074714112/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1087029610074714112&ref_url=https%3A%2F%2Finvestingnews.com%2Fdaily%2Fresource-investing%2Fprecious-metals-investing%2Fgold-investing%2Fvric-2019-day-1%2F

[@marcelinoperez2926]

excellent speech

[@scruples671]

Regardless of who got elected the market was going to follow whatever the FED did. $22 Trillion of Free Money.....

[@samirhasan7201]

Good stuff Mr. Schiff, your a role model!

[@gma729]

PETER SCHIFF , SUPER GENIUS !! AND VERY FUNNY AND ENTERTAINING AT THE SAME TIME. 👍👍👊👊

[@alanhowitzer]

Peter Schiff!

[@TalentX99]

Good camera work. Great talk

[@doubleuponbob3397]

You are wonderful. You are great!

[@D_Syno]

The ridiculous steps it took to get to this video: Go to schiffradio, which has a link to the Twitter post, which then has a link to schiffgold, which then has a link to this KZbin video.

[@swvaroot]

He FOREVER gave a speech ! !

[@atb1040]

I can't wait to see what he says this time!

[@TokeBox2008]

Peter, please add all of your videos or speeches to your podcast. Thank you

[@jakw97]

22 trill debt 4 years ago. 33 trill now, you still want dollars long term? Boom

[@davidcisco4036]

"This is the end Beautiful friend This is the end My only friend" - The Doors

[@clausen41]

Ohhh Ceesco!

[@rev.jimjonesandthekool-aid4488]

Like a roman garden, like a actor in a role

[@vernonbuford1809]

Peter, as usual is right. Look and what Gold is doing now. The dollar is dropping. When you can’t get rates to 300 bps then something is wrong.

[@doubleuponbob3397]

You know your stuff, Vernon. Good for you and your family.

[@NPC3.14]

Run for president!!!

[@ab1577]

Brilliant

[@BeaterCar]

The beginning of the end started a decade ago... the ending of the end is subject to change.

[@TheMindofGod]

Well said and I agree

[@samiullahk7223]

Exactly, it takes a decade to do it, remember 9/11/1991? The ten year was 2001,11 and now 21, you will have to hold on, the debt and default machinery is at play, hang on, the Merchant's of Venice are hard at work.

[@bolivardigriz8847]

This latest battle began in 1913.

[@ptolemy3444]

Right, 2008 was the beginning of the end. Now they've created a LARGER bubble. Social insurance liabilities and Boomer retirement triggering a USG default is looming. The USG has restarted the Cold War (vs China, North Korea, Russia), which could lead to WWIII. Review last century, some interesting similarities so far. America may be the 21st century Nazi Germany.

[@ptolemy3444]

@Truth World-class financial modeler here. Your primitive theory breaks down when we plug it into a model... medium.com/@ptolemy.3/the-mathematical-certainty-of-u-s-government-default-b53ba0e89da3

[@cygnusx-3217]

If rates were normalized at 5% then the interest on the national debt would (soon) approach $1 TRILLION. Rates can NEVER and will NEVER be normalized.

[@yayamon769]

Best schiff of the day

[@pgaquigz1125]

This is literally an entire video of him complaining that he should’ve been right. But he wasn’t.

[@RantzBizGroup]

Indeed... he should go on the road with Harry Dent...

[@durkaflip]

Things seem to be changing now

[@goodhumorman1252]

People at this time are getting tired of being able to subsist and are anxious to become dirt poor and unable to provide for themselves.

[@warrickcannon8868]

Patience and I believe he he will prove to be correct. I am certainly prepared for it, are you?

[@joepepsico342]

Holy cow, does the guy take a single stinking breath? I had to hit pause just to have silent breaks between the rant. All good points. It's all by Design Peter. The FED isn't stupid, they are doing what they are told to do. When they finally decide to let the financial system collapse, people will dump their money into gold, silver, and cryptocurrencies. Yes Peter, cryptocurrencies.

[@ChrisHuang818]

Peter Schiff 2020 please

[@RantzBizGroup]

Oh God, NO! He's always wrong...

[@nicklespale22]

He's an economist, not a politician.

[@asmsleg1145]

@@nicklespale22 Economists can definitely be politicians, but Peter Schiff has said the same stuff for way too long.

[@WorldReserveCurrency]

We are here now. The moment Peter was preparing us for.

[@WorldReserveCurrency]

​@Truth hahhahaha.. right?! well, it'll be a slow bleed. When the bleeding gets going we'll probably be talking about when will the Fed jump in for QE4. Real estate is already cracked. Layoff news starting to roll in in auto, accenture, tesla, spacex, GE.. SpaceX caught me off guard as they're the low cost solution to satellite launch and I don't think the media is covering this much. But the writing is on the wall. We got pretty good volume on the Bonds to the upside. The safe play may be DJIA and the bonds for some time now.

[@toreshammerecelt861]

What is so wrong with standing pat for a while and letting two and a quarter become the new zero?

[@thelegend3798]

He's talking to no one. Empty seats.

[@RantzBizGroup]

Between this guy and Harry Dent we have been "waiting" for a combined total of 40 years... Give it up, Peter...

[@admbn6922]

פרסומת מרגשת ויפה

[@Alberta1stPodcast]

Gold doubled in price since this video & people claim hes a broken clock

[@user-zw5yu1ky9g]

He is awful.

[@jtpenman]

Been saying the same thing for past 15 years.

[@millwrsmith7751]

Who else watches KZbin at 1.5x speed?

[@Rethanos]

Fed just kicked the can again

[@tanyakruyt5122]

But it’s pretty much the same is Europe, not just about the dollar!

[@masterblasterofdisaster]

Keynote podcast at vric 2019

[@VichoBandido]

Thanks for video Peter. What are your thoughts on the dollar milkshake theory?

[@basook6116]

big problem with raising interest rate is serving it's debt, which US has nothing to service with. printing would tell to the world that more and more dollar is worthless

[@basook6116]

Trump is one of long line of politicians of lairs

[@cf843]

Why is 5G worldwide Implementation never discussed as it relates to silver demand?

[@medusaskull1604]

Peter is very bad at predicting the future but I give him the credit for being persistent.

[@filesshared9431]

It’s just the beginning, relax everyone.

[@shadowmaster9780]

So here is the million dollar question, so how we get out of debt?.

[@shadowmaster9780]

@Ron Onderweg u.s.a national debt, its every working class legal citizens debt whether you have any personal debt or not with any private entity or not. Have u done your taxes yet? How tax laws are working for ya? Don't be so defensive.

[@johnpedersen3458]

Hey, it's back! This video disappeared last night...

[@BeFoundOnTheWeb]

This entire video is about Peter Schiff and how he knew what was going to happen. Count the number of times Peter says, "I knew" or "I was right." Ridiculous.

[@theinvestmentabc6245]

This is exactly what will going to happen Peter, no doubt about that! I am just not sure, if we still don’t see higher asset prices for a while before the system hits the wall

[@piscinediquinto]

Peter schiff is spot on Russia turkey Hungary China are now buying gold in massive quantities soon the physical will dissappear hedge/funds et al and you won't be able to get any now is the time no matter what the price is to buy or even silver which is really inexpensive look at its price in 1980 compared to today

[@shadowsinthecornfield7459]

A few years ago First Class Mail International rates TRIPLED overnight. Effectively killing my business from the U.S. to Canada. They'll pay $3.00. They won't pay $9.00 to ship a 6 oz. Video game or movie.

[@xxczerxx]

It's not the beginning of the end, the 'end' will be drawn out for years in the form of astronomical new QE programmes and a legislated/controlled digital currency. I imagine there will be some manufactured global 'crisis' over the next few years, and conveniently it will occur simultaneously across the US (Fed) EU (ECB) and Japan(BoJ). The 'crisis' will be averted by the conversion to the digital currency, and wipeout of the banking system, where only the major players still exist.

[@nohopeequalsnofear3242]

Peoe who own stocks will take a 75% haircut. Pensions will go broke.

[@danield.7359]

So in times of a financial crisis, in times where interbank lending almost comes to a full stop, in times where companies postpone or cancel investments, in times when consumer lending slows down, in times of general illiquidity, Peter Schiff would raise interest rates? I guess we can consider ourselves lucky he's not a Fed governor..,.

[@supercaffeinated]

Everything is going to be alright in the end. If something is not right - it is not the end.

[@MrThe1234guy]

If for 20 years you are preaching doom and gloom and the economy sooner or later you are going to be right and then take credit for Guessing it

[@TheMax13542]

my question to this guy is where i should put my money to hedge against the crash? should you buy foreign currencies or bitcoin or some asset that will be in higher demand????

[@sarahbrown5073]

Peter is soooooo nervous at the beginning of this speech, he doesn't even sound like his self. Great suit, though!

[@moneymaven5038]

FED has basically been put on Hold. Just like peter said. Next up is the next leg down in the bear market and the rate cuts. At this point I don't see any downside for gold/ miners. Fed is now on hold...miners are bottomed with only upside to come.

[@a.r.gentum6517]

miners bottomed in August; newsflash Upside; a bit of an understatement.

[@kevinduncan9686]

Wheres the audience? Maybe theres one there but the video makes it seem like hes talking to no one or maybe a handful of people. The room noise sounds fake too. I'm a fan of Peter Schiff but not seeing the audience is very weird.

[@coolworx]

You don't need gold if you have all the lead.

[@flapoverspeed]

Earnings and many real indicators correctly show more profit in AMZN than GLD, or gold stocks in general.

[@Netstarr88]

The fedsters are finished

[@esathegreat]

He went of the deep end with his "socialism" rant.

[@rev.jimjonesandthekool-aid4488]

So when a rate hike happens in march .... you quit.? If youre Wrong again,you guve up?

[@jessenichols8178]

The Fed just announced no rate hikes today and they are rethinking their balance sheet approach. Seems like you lose.

[@joycekoch5746]

It's worse, there are people out there who think that somehow switching over to a digital currency in the next few years will solve the debt problem! It will make the economy real-so real that they have no conception how poor they will be.

[@losttale1]

if it actually happened, it would solve the debt problem permanently. since we'd be using the base oney instead of deposit accounts

[@Iwishtheirwasnopain]

The never ending eternal infinite party defies natural law and continues forever

[@johnnyfreedom9586]

How does the Fed reduce its balance sheet? Isn't the balance sheet bonds that have been purchased and are paying, or will eventually pay, dividends? Don't the bond holders have to be paid? Or are these bonds the Fed "bought" itself and they just disappear into thin air?

[@__OL__]

The Fed printed money and bought the bonds. To reduce its balance sheet, it would need to sell them to legitimate buyers and thereby withdraw those printed dollars from the market.

[@johnnyfreedom9586]

So the Fed is holding its own bonds, (The Treasury prints money, btw, not the Fed), and finds buyers for them, thus "reducing its balance sheet". Who is buying the bonds? China, Russia, India? Or did they set up more front organizations to "buy them"?

[@__OL__]

@@johnnyfreedom9586 There is a list that gets published as to which nations are buying. I haven't been following the markets very closely the past year or two, but prior to that, I remember there was suddenly heavy buying from Belgium that some claimed was ridiculous, although others claimed it could be money funneled from China (or something to that effect). P.S. It's not really correct that the Fed is holding its own bonds, as it is the Treasury that issues them (hence, the name Treasury Bonds). And yes, the Treasury prints physical dollars, but I'm referring to typing digits on a screen, not literal printing, that the Fed did.

[@xxczerxx]

@@__OL__ No, I thought the whole idea was to let the bonds mature?

[@xxczerxx]

@@johnnyfreedom9586 He means 'printed money' in the loose sense, as in QE.... the transaction is of course done digitally, which is done by the Fed. I often wonder if financial commentators even recognise this, I used to think 'printing money' was a shorthand for QE, but I've noticed many people use the term as if to suggest someone is actually printing physical money to increase the money supply.

[@najam.isloogian]

Its so sad to see that only the folly gets to be in the KZbin's trending section. People are so invested in stupidity that they aren't interested in preparing themselves against what's to come. Only 1000 likes so far, this is such a miserable situation.

[@TheGargalon]

There will never be a TOTAL crash. The very people that will lose the most money in such scenario are the same people that can cause or prevent the crash. We will keep having small and big recessions, but the market will reach new peaks after each recession.

[@ivanovicsharapova2402]

Shift is da shit!! :D

[@sumerbabylon7069]

reaching the debt limit soon wiil cause rapid rising rates and bond illiquidity gold will go to 10k soon. By law, the debt limit will be reinstated on March 2, 2019. The Bipartisan Policy Center estimates it will be reinstated at a record high of about $22 trillion

[@Max-nc4zn]

The beginning of the end was the establishment of the first State.

[@sarahrazi305]

Will the next financial crisis destroy the US Dollar?

[@scottstiener3994]

Sarah is Correct!

[@33parentino]

You have to be a rich country to indulge in corporate welfare and an industrial military complex.

[@a.r.gentum6517]

Endless illegal wars; total disgrace. Even the MSM likes war. We're murdering innocent people in Afghanistan, Yemen, Syria, and soon we'll be fucking up Venezuela as Columbia, Chile, and Brazil join the party. The banksters are so desperate to keep oil at 50 after hitting 42 last month. The PPT came to the rescue and bought oil futures but that wasn't enough; SO... Let's fuck with Venezuela; a sovereign nation. Look at the WTI now. Hmmm. Meanwhile, inventory reports here show we are fucking swimming in oil while demand is going down steadily. what a joke.

[@waynesalvador9925]

Posted quote. America needs a Perestroika' - Gorbachev to RT. ... Gorbachev stressed the need for political and economic reforms in the US, saying “they need a Perestroika” (translated from Russian as “restructuring”), Is this being done on purpose? By whom?

[@blueshattrick]

Peter isn't a dummy.. but the guy has been predicting the End of the World for decades, and eventually even a broken clock shows the correct time.

[@gregmaxwell7636]

One thing for sure, the elites will come out okay.

[@finddeniro]

Ah. Economics Quite a Sport. .Keep the whistling Musical Chairs a Movin'. .

[@tarstarkusz]

It will be interesting to see if all of these things that have come into existence in the last 20 years and especially the last 10 years are really viable in a normal economy. For example, is Tesla viable in a normal interest rate environment at 4 years at normal interest rates? Is Twitter viable? Even Amazon seems vulnerable in a future with far fewer credit cards at higher rates. Of everything that came into existence since 9/11, I really hope social media is not viable. It is making an already bad situation worse.

[@fiatdaily2288]

I’m predicting Schiff is an alien 👽

[@stevegodenich7087]

It's all very well for the government not to backstop losses for investors who voluntarily risked their savings in the stock markets, bond/gilt markets or risky banks. It's quite another matter for government to involuntarily collect social insurance premiums from the public and fail to honor the commitment when the payment comes due. The public sector or the private sector may consider social insurance (or unemployment insurance) for future subscribers to be of a voluntary nature with any risks clearly spelled out. A similar situation arises in public and private defined benefit pension plans. The private sector has been moving to defined contribution plans for quite some time, now.

[@HitonMusic]

I think you should talk more about issue than about what you predicted.

[@shadowsinthecornfield7459]

I guess shipping costs don't figure into inflation data. I just watched USPS First Class Mail rates rise 11% overnight last weekend. I sell online & I assure you this will affect prices on Amazon, Ebay, etc.

[@andis9076]

Today we will see if Peter is right again.

[@jessenichols8178]

And...he is.

[@andis9076]

@@jessenichols8178 Yes, he's right again. Damn, he is a "GOD" selling GOLD! :P

[@Silvertarian]

The economic stimulus Trump allowed to pass was a more expensive plan than Bernie Sanders ever proposed.

[@backoffjoe8347]

He's a Gold salesman, you don't even have to play the video. Unless your waiting for him to say don't buy gold buy stocks.

[@koenpostma912]

Why do you think he started a gold business? Because he thinks gold is a bad investment? Of course not. He obviously started the business because he believes in it. Second, his income out of schiff gold is not even 10% of his total income. Most of it comes from his capital management business.

[@aintdatsnipes177]

trump will force powell to hit the NIRP switch and launch 4

[@nicklespale22]

He spoke to Powell today about God knows what...

[@OghamTheBold]

*USD* ( Unending _Skyscraper_ Debt ) : *IS* only a mere $ 66, *666* Times 3OO.OOO.OOO morally *bankrupt* folks - excluding private debt : Conservative of *UK* ( Unkind 2 Kids ) : DOU *BLED* debt !! *_R > G_*

[@TheGargalon]

Looking forward to the end, I have some cash saved up that I'd love to spend on stocks on sale.

[@joningrum7376]

NDD when this market crashed your dollars will worth the toilet paper in your bathroom. Take your cash now and buy silver

[@nomoretez]

Oh, I thought this was a speech from 2018, no 2017, no 2016, er 2015? Same speech for 2020...

[@frodo5749]

Yet here you are.

[@jacklonergan9991]

Peter....wtf.....you never mention the gap on the weekly gold charts at $255 in 1999.....this must be filled before gold can skyrocket as you’ve been saying......if gold takes off now it will never be filled......how say you??

[@NaNa-wj8tw]

Jack Lonergan Not all gaps are filled. $255 gold! Are you for real? There wouldn’t be a miner left in existence which would be great but not going to happen.

[@gregbell2117]

What about the damage to my retirement account thanks to listening to these WRONG doom and gloomers for 10+ years?

[@Alfie-ni7lx]

They are telling you whats happening, how you deal with it is up to you can't blame that on someone else

[@netanimal]

Japan is able to sustain last 2 decades doing the printing. US can do the same for next 10 years without an issue.

[@KRBY555]

good point

[@Yanzaa123]

Japan is suffering from deflation though, its the opposite with US.

[@marioluna2957]

suckers of the hollow economy

[@stephanejourdren3668]

Haha so many time he predicted beginning of end maybe later it will happen but this man is not serious