The Government Is Not Being Honest About Inflation

OAN's REAL AMERICA -- Dan Ball W/ Peter Schiff
Recorded 10/5/23
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#uaw #union #strike

[@Rochelletrem]

We all know that prices of almost everything aren’t coming down. Simply put, they're rising less. Costs are rising due to rising inflation. As we are evidently at the verge of hyperinflation, with the less haves bearing the brunt of the burden. I'm more concerned that the rising inflation may lead my entire $990k retirement funds to lose value. Where else could we put our cash?

[@Jessicahensley.]

I would say the fin-market, but it is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on any shares/ETF you focus on.

[@AbdoolLogodesign]

Well, since COVID, it has become more difficult to create a strong financial portfolio, I advise you to create a diversification strategy. My coworker advised me to see a consultant. I did, and because to my advisor's assistance throughout this market fall, I actually gained almost $926K in profits. Despite the ups and downs, she employs defensive methods to safeguard my portfolio and generate gains.

[@ilyaveysman.]

@@AbdoolLogodesign I’ve actually been looking to switch to an advisor for a while now. Just never made up my mind. Any help pointing me to who your advisor is?

[@AbdoolLogodesign]

I encountered Julie Anne Hoover through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.

[@ilyaveysman.]

@@AbdoolLogodesign Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Julie .

[@Nernst96]

Our economy struggling with uncertainties, housing issues, foreclosures, 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.

[@sattler96]

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

[@Dannyholt33]

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals

[@mikeroper353]

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@mcintyre1]

@@mikeroper353 I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@mikeroper353]

There are a lot of independent advisors you might look into. But i work with “Vivian Carol Gioia” and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

[@chadgriffith1969]

The recession is here, mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Where do investors look at now for wealth gains? Something will eventually break if they keep raising interests and quantitative tightening.

[@valentinaarrelaro]

IMO, when we go into recession, tech will do poorly as a sector considering what's going on in the world, while defense stocks should be doing good, but always do your own research, or speak to a valid advisor before investing your money

[@heatherholdings]

@@valentinaarrelaroAgreed, I've always delegated my excesses to a professional, ever since suffering major portfolio steep-down amid rona-outbreak late 2019. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.

[@heatherholdings]

@@CoeFeresPersonally, I have my portfolio overseen by a Montana-based wealth advisor 'Katherine Nance Dietz' she's well qualified and established, you'd most likely find her basic info online.

[@brooms4142]

@@heatherholdings thanks for sharing... curiously inputted her full name on my browser, found her site ranked top, no-sweat, and skimmed through her credentials, she actually shows a great deal of expertise

[@gingerkilkus]

Since Biden took office, there seem to have been more unfavorable results in America. My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.

[@leojack9090]

Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.

[@TomD226]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@lowcostfresh2266]

@@TomD226 This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?

[@TomD226]

​ @lowcostfresh2266 It’s a She actually, Laurel Dell Sroufe I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.

[@fadhshf]

@@TomD226 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@kelvinjohnson4]

Inflation has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?

[@LionTowercoporation]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.

[@KelvinWallace]

@@LionTowercoporation I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@LionTowercoporation]

Haha. I definitely share your sentiment about the markets. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe, and she's really good.

[@KelvinWallace]

@@LionTowercoporation Insightful... I curiously looked up her name on the internet and I found her site, thanks for sharing

[@Bradleyschaeffer376]

It's been a rough year with losses from failed banks and government, real estate crashes, a struggling economy, and downturns in stocks and dividends. It feels like everything has been going wrong. What a terrible year it is…

[@GaryWinstonBrown]

A financial professional you work with could really prepare you for life. I'm glad I was able to get in touch with my coach Samuel Peter Descovich earlier this year because I was actively cashing out from my portfolio and finally earned over 370k just in the first quarter while everyone else was complaining about the downturn.Samuel Peter Descovich helped pay down our debt and save up for retirement.

[@Seanmirrer]

That is why I work with Samuel Peter Descovich, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.

[@Bradleyschaeffer376]

Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. he appears knowledgeable based on his online resume.

[@RandalHebert]

Samuel Peter Descovich is the go-to financial advisor during market turmoil. With his expertise, I made over $220K, revealing hidden market opportunities. Having an investment counselor is crucial, especially for those nearing retirement.

[@PennyBurdick318]

I found his extraordinary resume when I searched for his name on Google. I count it a gift that I went over this remark

[@MarvishaN]

No, the Government is definitely not being honest about inflation. Anyone purchasing groceries or gasoline is well aware that real inflation is much over 10%; they simply lie about it like cheap blankets. In reality, interest rates would be in the 20s because of how high inflation is. My major concern is despite the high rate of inflation, certain investors continue to earn over $365,000. Wish I could accomplish that.

[@tommyers0]

Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.

[@georgeh.5126]

@tommyers I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@aureliobjm]

@georgeh Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.

[@georgeh.5126]

@gatesbev HEATHER LEE LARIONI guides me. She works with Empower FinanciaI services. But there are a lot of independent advisors you might look into. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

[@aureliobjm]

@georgeh She appears to be well-educated and well-read. She seems proficient considering her résumé. I ran a Google search on her name and came across her website; thank you for sharing.

[@johnburdick3773]

You are correct. Real inflation is far higher. My commercial lease increased over 100% at renewal after annual 2% increases over its term. Wages I paid went up 70% over a few years just to retain employees. Real estate taxes have gone up 19% in past two years. My home insurance has gone up 42% over past two years. Our commonly purchased food items have tripled in the past two years. Our gas prices have gone up 75% in past two years. These are our primary expenses!

[@Jack-Mehoff]

Glad someone mentioned insurance going up. It’s at point we had workers in company force being fired on questionable grounds as they did math on how they make more “net” by being unemployed and food/housing benefits. Winter is ahead and it’s only going get worse.

[@marybailey7881]

According to Google: Question: Does the US government buy stocks? Answer: The Federal Reserve implements monetary policy decisions through the buying and selling of securities (held in the System Open Market Account, or SOMA) on the open market desk at the New York Fed. These transactions serve to adjust the cost and availability of money and credit in the U.S. economy. (Can someone please clarify this mysterious "FED" term? this seems to be what is making this so difficult to understand. Is "The FED" in this specific case "The Biden Administration"?)

[@denialphasebitcoin5639]

Helps on the way Bidenomics

[@ssuwandi3240]

This is why I had to move the entities out.. am not liable to feed the implofing healthcare of 2nd largest aging group nor the rolling interest of 133T war after war spending debts.

[@matthewsmith2362]

You must live in Florida with me lol

[@HodgeChris]

To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I’ve heard testimonies of people accruing over $550k during recessions

[@georgebarret]

@RobertCooper03 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@georgebarret]

@RobertCooper03 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@juice_man4439]

100% facts. Anyone who’s paying attention knows it’s been more like 50%. To make things worse, the essentials have increased in price the most. Food, gas, rent, insurance, etc. the tavern I like to eat at has doubled in price in the last year. A sandwich used to be 8-9$. Now it’s like $17. We can’t keep doing this for long. I’ve had to pick up a second job to make ends meet, it’s ridiculous

[@drumyogi9281]

Very true. Hamburgers and fries downtown where I live cost about $18 dollars now. 3 years ago it was $12. That is 50% inflation.

[@turkrane12]

The government is not being honest about everything

[@MooseBme]

... *ANYTHING ;)!

[@KingKing-cj4nu]

The truth is The government is an employee The employer is WALLSTEET

[@pardone8932]

Anything

[@drumyogi9281]

@@KingKing-cj4nuWall Street? Lol S&P 500 is in the garbage except a few stocks.

[@Ziegfried82]

They are an empire of lies.

[@jakeviolet2195]

When I was in high school in the 90s, McDonalds cheeseburgers were 39 cents. We practically lived on them. According to online inflation calculators, they should cost approximately 75 cents today. I went into a McDonalds yesterday and cheeseburgers were almost $5 apiece! Same size, same ingredients, 1,200% inflation!

[@Nativo2202]

And we need to pass single subject Bills NOT Omnibus Bills with nonsense spending drafted in!

[@ltlgamingtv3623]

Now we just need to see the ZRT55H price also move in the same direction as these charts. Up. Very Up.

[@djstacktrace]

Garbage/Scam

[@anthony212459]

I Went to walmart. In 1 week the beer went up 35%. 8.65 to 11.45. They rang it up i saw the price and said im good and walked out. 8% CPI my ass.

[@FrugalFeastsLive]

💯

[@chrispyott4083]

Do you really need beer?

[@dupedbydines1305]

​@@chrispyott4083No lager, no peace.

[@Ziegfried82]

@@chrispyott4083 during the virus panic one of the few things open was liquor stores. Oh and remember prohibition and how well that went? Once the masses cannot afford bread and circuses (or in modern American terms beer and sports) expect revolution.

[@JKlessig]

Yep, I noticed 12 packs selling for $16-$18. I shop for deals when I see them.

[@sliekerstar]

I trust American government statistics as much as I trust Chinese government statistics

[@F_JoeBiden-tu6cl]

I trust Chinese a lot more. Unlike Biden, Xi is a legitimately elected leader.

[@SuMMeRFLi5]

Great to see you continuing to get the attention and notoriety you deserve Peter! We ❤ You!!

[@pubmeatman]

Come on now. These guys are clowns. They don’t have a clue.

[@erinsweet8147]

I ordered some small struts for a camper door July 2022 and 2 of them shipped was $49. One failed today and I rent to re-order from the same place and the struts and shipping have increased. 20%! It’s now $59 to get 2 delivered with same delivery method flat rate.

[@jimmyboyles2868]

USPS has increased their prices again. Ebay sales are suffering now. Too much for shipping.

[@RobertCROAK-tn4lz]

The digital market turned out favorable! $60,000 every month. I can now give back to the locals in my community and also support God's work and the church, God bless America

[@benj435]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@RobertCROAK-tn4lz]

Investing in stocks is a good idea, a good trading system would put you through many days of success.

[@paulajose7825]

Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@Lindaj351]

Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

[@castroserrano3719]

you're 100% percent right because I have been trading forex on my real account for months now but the lose is too much for me I have lost over $8,000

[@23pinkpear]

Tucson Arizona prices increasing on menus and stores with stickers put on to block out old price it’s very scary

[@jimmyhat3438]

This is High Grade Content Guys. Peter your such a Generous Man 🙏🏼 Your on our side❤

[@samehadamar]

You are one of the most sophisticated and brilliant KZbinr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for ZRT55H much love from Chicago

[@troywilkinson8937]

Scam alert

[@jeanpaul4100]

I hope the ponzi lasts for a few more years but everyone i know is stressed. When prices double again the gig will be up.

[@biffgeorge8028]

It's crazy out there. A lot of people seem so angry

[@guitarcode]

Funny how they mention “pay back student loans” but no mention of paying back PPP loans

[@stereomonke]

All of them are really nice picks. But the potential of project that elegantly combine blockchain and AI is Amazons ZRT55H and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.

[@TonyL-gw4qx]

Garbage scammer!

[@Gabber44906]

Something is very ominous right now.

[@grantgoldberg1663]

The problem with year-over-year inflation is it only judges inflation from 12 months ago. When 2019 should be our real benchmark. My rent has increased 50% since then, my utilities 50% and I don't have to tell the rest of you what food, cars and insurance costs have increased to. I wish it were 3.6%. That would be a dream.

[@itz_babu_46]

Love the ZRT55H content. I think this project is just as essential as HBAR and they both will be great movers

[@djstacktrace]

Garbage/Scam

[@TonyL-gw4qx]

Scammer garbage. ,!!

[@punisherxs7864]

I see Peter Schiff, I click and like.

[@fu4616]

Same.

[@ItsMeLunaLoL]

Great video. Im a huge ZRT55H fan and love your videos on it.

[@djstacktrace]

Garbage/Scam

[@TonyL-gw4qx]

Scam scam !!

[@michaelp9707]

$5 Gas $5 Bread $5 Paper shop towels $5 small Burgers.All items you could get before for around $1 for the same brands

[@EmersusTech]

The cat went behind the curtain at :42-:49 to find where all the missing money is! 😊

[@digger105337]

They just screwed Social security retiree's (5.9% for 2024) by cooking the books on Inflation and CPLie. Never an honest number.

[@sptrader6316]

it's only 3.2% COLA for 2024 SS recipients.

[@Ziegfried82]

I feel for those on SSI. It wasn't viable before this crazy inflation, but now? Completely unlivable income.

[@mr5timewcwchamp]

They didn’t screw retirees over. They just kicked the can down the road for the bigger issue. SS runs out of reserves by 2033 at the current rates, at which point they could only afford to pay people about 75% of their current SS income. If anything this gives retirees and tax payers more time before the inevitable of either higher taxes or less benefits. I’m 100% for a form of social security. But this needs revised for who really needs it. You can be a multimillionaire still collecting SS. There’s a reason companies left the defined benefit plans (pensions) and put it back on the employees with 401k’s. Hell most states pension plans are not well run either.

[@JKlessig]

In order to pay SS retirees more they need to raise taxes. Are we all ready for that?? There’s a demographics problem. Not enough people to pay into the system. This means even more money will come out of your paycheck. It’s not sustainable. Everybody wants something for nothing, tax breaks plus more money from government. The math doesn’t add up.

[@masonfreedman2722]

Hey there, I don’t listen on KZbin. I’m on Spotify, I just want you to know that I’m very grateful for your work!

[@georgeburns8447]

This discussion about price increases is absolutely right. People like Steve Moore, who have been critical of the inflation situation, have been way understating what the actual price increases have been. They talk on TV about prices that are 10%, 12%, 15% higher than a year or two ago. No way. It's more like 50% to well over 100%. And let's not forget to mention that everyone's 401K and brokerage accounts are still down at least 30% from when Trump was in office. Biden has been a disaster.

[@EVOMAN14]

Peter is the best.

[@dakotahammer5698]

So disheartening as a young person. It took me forever to save up these U.S. Dollars and now I gotta dump them into something else and hope it's a good inflation hedge... so frustrating. It's not even that much money. At least it's not in 2023.

[@mokeybello4876]

Buy 1 ethereum atleast, besides gold and silver there isn't much to put money in.

[@firstlast9965]

Gold is a tier 1 asset

[@rexmundi273]

You simply buy US treasuries 3 month, 6 month, 2 year. There is your only safe investment.

[@DanielH874]

Legislation needs to be enacted in which independently measured thresholds are set for a debt/gdp ratio, unemployment rates, healthcare wait times, education standards, living costs and so forth. Fall below the threshold and public officials get canned so there is an actual consequence for such futility. Watch how hard these slackers will actually work when their cushy job is on the line. Not much incentive for them at the moment. All they have to do is the bare minimum and a bit of pandering around election time to stay in office. That's not good enough.

[@fahdh.a1590]

The inflation remembering the election debate 1980 presidents Reagan and Carter Reagan’s quote “ we don’t have inflation because the people are living too well we have inflation because the government is living too well “

[@silverioss6856]

Cant deny the fact that Amazons ZRT55H is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail its done for good, but I dont see that the biggest tech company in the world would put ev

[@troywilkinson8937]

Scam alert

[@peterwilson9327]

Scammers😮😮😮😮😮😮

[@TonyL-gw4qx]

This is garbage invest in real assets like gold avoid digital illusions of wealth!! Scam scam scam! Why do these people keep pushing garbage? People that post this crap want wealth but don’t want to work for it.

[@user-3456rtu]

I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.

[@AliceHh_]

You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.>

[@Upscreen6542]

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

[@user-3456rtu]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Upscreen6542]

There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

[@user-3456rtu]

Thanks for sharing, 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 e-mail shortly.

[@rbmh]

if Silver and Gold has not surged in price yet, it is not going to. We have waited long enough for Gold and Silver to go up, it wont suddenly happen, that is obvious.

[@Dowell318]

At 0:06: "Euro Pacific Assessment Management." Lawlz. Assessment management, anyone?

[@briannewman6216]

Its called the CP Lie for a reason.

[@jamesgalbraith1742]

Our government is just a bunch of fools. Very very sad.😢

[@mireederrick1977]

Never Ever Trust The Government Numbers and The 🏦 s😂😂😂

[@WInnerwinnerchickendinner.]

never ever trust peter Schiff predictions.He is wrong much much more than right.He is king of burning accounts.

[@amfinancialbull]

Peter is such an inspiration!

[@pdlegend6829]

WWWWWHHHHHAT? The Government is not being honest about something? I'm shocked and appalled. If we let them start lying now they'll just keep doing it

[@1Piecer]

So, how long do you think this Recession will last when compare to the last 2? And will the good times of almost Zero interest loans period gone forever? Am I exaggerating or will that drop the stock market and stop the continuous up tread for a while?

[@ioneladrian7907]

in Europe we already pay 7 dollars per gallon,not from now but for a couple of years!!

[@ciestas]

Well said.

[@juanchos1202]

FYI: The photos did lie. Bread flower is 3 times more expensive than all purpose flower. Also the Costco video didn't show "apples to apples" compilations. Some of the products were on sale or an entirely different brand or type. Don't blindly believe everything you see.

[@RobinStabile]

Gold and silver the best savings account you'll ever have!

[@BullsEye3333]

@RobinStabile What are you talking about? Gold has failed to just keep up with the government rigged inflation numbers, let alone the real inflation rate, which is about double the rigged numbers like Peter says. Silver is a joke. People are better off just buying TIPS.

[@benjaminpettibone4254]

We (I) have listened to Peter Schiff for many years now. He is the go to guy for truth! When other naysayers were opposed to the debt problems starting from over nearly two decades ago, Peter was stating the obvious that this will end badly. This is ending very badly and many of us knew it. The naysayers were and are not using common sense. Peter knows this financial situation better than most people. Just glad I have had the opportunity to learn from his wisdom. Thank you for sharing your valuable information with all of us.

[@Kbelcher101]

Schiff is hitting the fan

[@w.s.2102]

My grocery bill is up 20-25% from a year ago

[@jerrybrickley2115]

The current Fed rate is at the average for the last 40 years. However, the Fed already announced they will be cutting rates next year. WHY?

[@amryan7571]

There is the understatement of the year!

[@Olivia-z5c]

The current system is showing signs of strain due to government and federal policies. In the coming days, the banking crisis would need to reach an unprecedented scale for the FED to avoid raising interest rates. However, that seems unlikely; an increase appears imminent, potentially leading to a market downturn. Anticipate more challenging times in the latter half of 2024, marked by market turbulence, escalating inflation, and potential bank failures. I'm curious: will the swift interest rate hike benefit a value-driven investor, or is it wiser to steer clear of stocks temporarily?

[@Steven-u2u]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

[@JaneBlac-]

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@Dave_East]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Stacie up and send her a message. You've truly motivated me. God's blessings on you.

[@TriadTradingOfficial]

yup that seems about right, peanut butter and jelly doubled in price also. I might have to replace that with a knuckle sandwich

[@peterbedford2610]

1983 and 1996 the gov severely reduced CPI calculations in order to save huge money on COLA payments. Not a secret..

[@jacobpalmer7589]

The gubernment pisses on your leg and tells you it is raining.

[@man_of_thought]

Euro Pacific Assessment Management 😂

[@michaelmongeotti]

It looks like the ruling class does not go to the grocery store to buy food

[@joeysocks5718]

I’m A Schiff Head and Peter is spot on

[@keithbellair9508]

Food is so cheap, always has been too cheap.. i ate like a king this week for $23.. 2 packs imported spaghetti.. $3.50 x 2 is $7. Prego sauce 40oz $6 2 lbs of meat balls $8.. spices $2.. People bitch and complain about nothing. The worse is when they bitch about gas prices.. it adds up to maybe $150 a month… Taxes is what they should be bitching about.. If people would shut up and get to work half as much as they complain.. they wouldn’t have any money problems.

[@JacobPaula]

The government currently lacks concrete strategies to address inflation. Inflationary pressures are impacting various sectors, including stocks, housing, and commodities, causing their prices to rise. It is not advisable to keep your money idle and wait for a market crash. Instead, it is prudent to put your money to work by starting with cautious investments and gradually increasing your pace as prices decline further. Withdrawing a significant amount of money, exceeding $500K, from my account at this time presents a challenging decision.

[@JaneBlac-]

Nevertheless, there are certain investors who are still managing to generate substantial returns despite the unfavorable market conditions. Achieving similar results requires skill and expertise.

[@SerinaGliues]

Undoubtedly, fiduciary counselors possess exclusive access to proprietary information and data sources that are not accessible to the general public. Under the guidance of my trusted fiduciary counselor, Stacie Lynn Winson , I successfully generated approximately $560k in net profits during the third and fourth quarters of 2022. With such promising results, I am eagerly anticipating the potential for further growth and success in the future.

[@SerinaGliues]

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[@Olivia-z5c]

Undoubtedly, fiduciary counselors possess exclusive access to proprietary information and data sources that are not accessible to the general public. Under the guidance of my trusted fiduciary counselor, Stacie Lynn Winson , I successfully generated approximately $560k in net profits during the third and fourth quarters of 2023. With such promising results, I am eagerly anticipating the potential for further growth and success in the future.

[@Agatha.wayne0]

Interesting, if you don't mind me asking Who is this person? and Is she really worth recommending?

[@Robot-Overlord]

If you have a membership or email list to a grocery store or sams club, go back and look at the deals they were offering you even a few years ago. I just quit my job because theyre only giving me a 5% raise, I am already applying for jobs that are paying 10-20k more in the same job title.

[@kylesmith9060]

Regular spotify listener here, just came over to like a heap of you vids 🤙 More commentary on Australia and UK please top dog 🤙🤙 Love your show 🤙

[@mateograndpa1760]

Part inflation, part corp greed and part customer fault.

[@filippovanucci9390]

All good arguments, I just wish Peter would stop making the example of newspapers from 2003-2013. He forgets to mention that you can't really compare those prices, due to a little revolution called the Internet, which made access to news much easier, hence the increase of cost in physical paper.

[@firstlast9965]

GOLD is a Tier 1 Asset

[@pauldietzmann5610]

Looked at new townhome 2019 it was 199999 now its 230000 interest rate was only 5% than

[@NeoStoicism]

What are some good dividend-paying foreign stocks?

[@jude999]

Housing closing costs have nearly doubled.

[@dustinmiller2775]

It's October and I'm not surprised.

[@brandonbuhrmusic7320]

Peter when will you be on Joe Rogan again?

[@daveharringbone8512]

Yes we noticed

[@MAMP]

I’m dumbfounded as to how no one is talking about the national debt / national debt interest payments crisis. Seems blatantly obvious?

[@scawarren]

Peter, I remember you mentioning, probably a decade ago, that the $ was only worth like 4 cents so if that was correct how is it not in the negative now? Or is it?

[@rossimarco]

CPI is obviously adjusted and distorted; virtually everyone can observe the consistent mismatch between the official figures and the day-to-day. One obvious reason is that social policies, negociations and consensus depend on it: the lower the better for employers and governments. Yet, it is important to always use the right terminology when one refers to GDP in relation to inflation: Nominal GDP: This is the raw GDP figure that measures the total economic output of a country without adjusting for changes in the price level. It represents the current market value of all goods and services produced in an economy. Nominal GDP can increase due to an increase in the production of goods and services or due to rising prices (inflation) Real GDP: Real GDP, on the other hand, adjusts for inflation or deflation, providing a measure of economic output in constant dollars. It is calculated by taking the nominal GDP and dividing it by an appropriate price index, such as the Consumer Price Index (CPI) or the Producer Price Index (PPI)

[@dreadfuldonkey]

unfortunately, it’s compounding so those numbers aren’t correct

[@La_sagne]

"Euro Pacific Assessment Management" 😅 that was a strange mispronunciation

[@Failpotatoe]

They know whats going on but lets milk the cow until its empty?!

[@jimmyboyles2868]

What a lucky cat that went behing the drapes at the beginning. Gets to live in Puerto Rico in a mansion!

[@viever6574]

I wonder what proportion of these price increases is tax (I mean direct tax on a given item)?

[@HollywoodRpi69]

Peter Rules

[@silasbullard831]

Government, honest. 😂

[@thefalsehero]

Anyone know where I can find the video of the young man walking around showing examples of inflation at Costco?

[@ktaylor9804]

Numerous ppl posted the video via X (Twitter).

[@daveycrocker4466]

There leaving out shrinkflation. Not just the price increase, but ur getting less.

[@Silvertarian]

Peter Schiff: The father figure we all deserve.

[@chaddy-me-boy8299]

One answer for the dollar staying higher and the U.S keeping reserve currency status, are the top 7 market cap tech stocks in dollars. As long as they keep growing, I think the dollar stays and so does reserve status. Some of those top tech stocks mkt cap is larger than a foreign countries total mkt cap.

[@blackswanrising2024]

It will end, then we will get to see true hardship and struggle

[@basook6116]

Yellen said that same thing, since USD is declining, Americans have to protect its own nest eggs

[@jimmylabb5868]

LOL The newspaper I've bought went up 10 baggers from the last half of the decade, you are damn right about inflation hitting our pockets!

[@tomtharos4440]

Meh. The Government isn’t honest about anything.

[@HaedenBeck]

Peter Schiff, the only accurate economist left in the world!

[@randybest9187]

The coming years? Do we even have that long?

[@BattleToads]

It's because the government is no longer in control. Corporations have become more powerful.

[@donwilliams1284]

Really who would have thought the Democrats would lie to use 😂😂😂😂😂😂

[@MoM-do7js]

😂😂😂😂😂😂😂👍🏼

[@DM-kl4em]

WHAT??? You mean a politician would actually lie about how great the economy is, in order to get reelected??? NAAAAAAAAAAAHHHHHH!!!!

[@MoM-do7js]

@@DM-kl4em 🤣🤣😂😂🤣👍🏼

[@sultanpakistanigamer4414]

Im DCAing in ZRT55H as well. ETH heavier DCA and ALGO. Im taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!