🔴 The Road to Inflation Is Paved With Debt - Ep 991

[@peterschiff]

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[@robhausman9621]

Peter your soo smart. I know what your saying about selling the federal reserve bit coin for gold in order to make social security solvent as sarcasm by why not concoct a scheme to do just that since the world is drunk still on bit coin mania they might not realize the con until after the fed takes bitcoin and trades the gold. Then let the bit coin dum in value and the fed will be no more we can con the greatest con men in the history of the world... that would bring balance to the universe. You could be the man god selected to defeat the zionist slave masters of the secret societies aka council on foreign relations, aka Rothschild banking cartel aka Vatican city aka London.. you know Peter the ones that ruined your father's life! You could be the one to work with the libertarians and trumps guys and save humanity from the evil moneychangers... nothing could make your dad happier I promise. You have a date with destiny my brother!!!

[@rogerburn5132]

As Always Peter Brilliant info pure education LIKE 👍👍👍👍👍

[@nmsmith1158]

Just wondering about the comment around 25:16 that Fed would not fight inflation as would be politicial suicide - but now that Trump is in they might not mind committing political suicide.

[@stlouisix3]

I really respect Peter Schiff's economic analysis, and Peter's criticism of all politicians, including Trump. Keep it up, Peter.

[@stlouisix3]

Peter Schiff vs Larry Kudlow. Peter will win again.

[@antonferreira483]

The first intro is a bit long in the tooth

[@skydiver711]

Are you his wife?

Petey Schitt is also one of the world's top reverse indicators when it comes to assets of all types. The Bitcoin shitcoiners can certainly attest to that. Petey almost single-handedly launched BTC from $50K to $90K when he said >>>"It's loook out belooooooow now that Bitcoin has broken below $50K!" Petey also launched the dollar. He's been waiting for oil to hit $150/barrel ever since he raised his target from $100 even before it hit his previous $80 target. Now he's saying U.S. treasury bond prices will collapse. The windup? Time to buy long bond tracker TLT..."obviously."

[@ButlerM5]

Yes. But he is also guilty of me not buying 40 Bitcoins at 145 Dollars. he talked back then intesivly to even sell it while you can. haha. He was even debating Max Kaiser. a was watching him to. But i beleaved more sadly Peter. Did cost me to become Multi millionaire. So stupid. now it is even 90K BTC hahaha... Peace

[@rbmh]

Peter Schiff is 100% Correct and very well explained. Fantastic Video and 100% Correct.

[@goldismoney5899]

END THE FED. Gold IS money.

[@ConradEaton]

Bitcoin is king

[@EroticOnion23]

@@ConradEaton king shltcoin maybe

[@btmilner]

@@EroticOnion23 explain 92000 ATH numbnuts

[@Doug-g8i]

Both bitcoin AND gold!

[@Doug-g8i]

I’ve been quietly buying US 90% ‘fat’ silver Kennedy halves. Fat. Stack em and see.

[@Simon_The_1st]

Bitcon is and always has been used to rig the gold price. That's why it's promoted as digital gold.

[@bumpyearth4204]

I would have to agree

[@-Nab-]

Yep, bitcoin was probably created by the US gov (AKA "the cartel") to detract attention from gold and try and save the dollar

[@jeromehaymaker5071]

When dollars aren't worth anything, the bitcoin price can be astronomical, and it will gain equilibrium with the dollar at zero value.

[@geeeeeeee1504]

These states won't die by sword but by debt

[@edpalmieri8647]

Listen to this excellent podcast for truth and integrity!

[@sdr7008]

"America's Gold"... Do we really have any gold. When's the last time someone opened the vault and did an audit. Looks like 1947. Hummm!!!

[@Organized.Chaos.00]

It's all paper gold. We never had the amount we claimed. Any foreign country holding their gold reserves with the FED has long been sold without them knowing.

[@Bob-cd5pp]

This Man is 100% Spot on Just like 2008 / Thanks Peter

[@savanaa.624]

Thanks for updating us about what’s going on with the economy. I look forward to hearing your podcasts. 👍🏽👍🏽👍🏽👍🏽👍🏽

[@MAR-lt7xo]

Gold and Silver are the only true money for thousands of years now

[@DBEdwards]

true

[@christianlords1340]

Hitler did something different to get out of the weimar hyperinflation, he did it without gold and was fast about it. I think he based on labor, and the Germans were very efficient and productive labor force. I don't understand it all, but he did stop Germany from starving to death to a world class ec0onomy a few short years. The inventions that came out of the period are still in use today.

[@EroticOnion23]

@@christianlords1340 He stopped paying the war debts that's why...

[@neonovalis]

Unfortunately they have been degraded to an asset... when you sell them with a gain then usually capital gains tax is applied (at least in Europe that is the case)

[@rafawojciechowski5146]

Arbeit macht frei !!!!You are an ignorant and naive as school child.

[@videshx818]

Well said Peter !!! I like it

[@ageless-coach]

For someone who hates BTC, you sure talk a lot about it….

[@Mort64562]

He doesn’t want his followers to make money. He wants them to buy endless dips on gold mining stocks

[@ApriliaRSV4-777]

Thank you Peter 🙏

[@MAR-lt7xo]

Peter Schiff has been talking since it was for 20 years now, but no one in the US is listening to him, US Congress, to give him an opportunity to present his opinion on US economic fundamentals

[@_FightForYourFreedom_]

In multiple interviews Vivek has explained how they can do a mass layoff and not have to pay much severance at all, if any

[@RK-lu7vn]

Peter is right all the way, at least most of the time

[@barrycraig4773]

Your the best Peter.

[@romeshwijeyeratne2635]

lol 27:10 "Elon Trump" Freudian Slip lol

[@GPTgamebuilder]

How about Donald Musk 😅

[@xokelis0015]

I mean Elon is basically family at this point so Elon Trump is a reality in every sense of the word except a meaningless document submission. lol

[@walden6272]

@@xokelis0015 Pretty sure Elon is trying to bang Ivanka.

[@pepelapiu2004]

When gold goes up and bitcoin goes down, Schiff spins it as a plus for gold. But now bitcoin goes up while good goes down and Schiff still spins like it's a plus for gold.

[@philip6624]

Great job, Peter! Thanks for carrying on the Flame. Best, Philip

[@WhiteWolf108-fp5oe]

Great podcast as usual!

[@rustyshackleford2719]

Lummis needs to be primaried for that bill. It's astounding that a senator from Wyoming of all places would sponsor such a bill.

[@johnhenryreber2501]

Thanks for that commentary at the end about the civil war/dollar/unconstitutional issues. That was very interesting. I got into an issue with one of my uncles over that. I wish I could have argued as smartly as you just did.

[@trishnguyen635]

Peter should knowledge shoud be taught in all economics schools. Great video as always. So much knowledge.

[@joefuentes2977]

Starts at 1:55

[@AlexWatson-t1f]

Thanks

[@CPubi]

good analysis peter. what a sad and insane world we live in…

[@wildwisdom56]

Really sharp explanation tonight

[@rogerburn5132]

PETER SHIFF PODCAST IS THE BEST PROGRAM ON Y TUBE LIKE 👍👍👍👍👍

[@rovingone6078]

i bought NEM as Peter mentioned the golden opportunity. Now I am suffering very large losses. Fooled me again.

You are obviously a Peter Schitt newbie, Everyone knows to do opposite of what he says. He started this rant by saying U.S. treasury bonds are about to collapse. There can't be a more definitive buy signal for bonds.

[@Organized.Chaos.00]

All the precious mining stocks are dumpster fires.

[@bellakrinkle9381]

You bought it for a trade?? 😮

[@Hawka-Loogy]

Peter is STILL WRONG

[@wagashimanju]

Buy signal for bonds? You're joking right?

[@arthurlongshanks]

Great podcast Peter

[@digger105337]

Every year Everything cost more, Just to stay even. Every successive Disaster, always cost more. It's not the Damage is more, it just cost more. Every succeeding president and Congress will spend more money to stay even with actual cost. Unless, we cut the size of government Substantially. Best of luck 🍀

[@MAR-lt7xo]

I have very strong apprehension that like every normal person in this world, if Peter Schiff is offered a lucrative position in Trump administration, he will change his views in support of administration as per the requirements of that job. It will be better not to join administration

[@bellakrinkle9381]

Is this your fantasy of Peter being offered a position? I think it's highly unlikely.

[@philip6624]

I've listened to Peter for hundreds, if not thousands of hours, and my measure is that he is too principled for this.

[@DBEdwards]

@@philip6624 HE MOVED TO PUERTO RICO TO SAVE MONEY ON TAXES.

[@jvz28az]

Peter has been speaking the same way for years about this. I studied this as well and used to speak about it after the Obama administration. People didn’t understand. It was like trying to convince people of ghost stories

[@Adrian-gs9er]

@@DBEdwards Because he's not an idiot like the rest of us and bear the full brunt of the greatest government theft in the history of the country? Taxes =/= good

[@YAH.]

when you said 10 million for chewing gum I laughed like f**K that was hilarious. great show Pete

[@DonBules]

Let’s be fair in the blame game. The presidents aren’t just running up the debt now, it’s the interest on the debt that’s adding to it.

[@polok890]

Dill pickles are the most valuable commodity. Totally undervalued

[@WestleyWilliams-j6x]

If Trump and Elon do not balance the budget, they sure were convincing enough to make it really sound like they would.

[@sirmitchy6718]

They won't.

[@geoffbassan6388]

Talk is cheap, really cheap - which makes Trump and his cohorts among the poorest on the planet - but hey thats just my opinion as an outside observer

[@DBEdwards]

Flatulence. Only flatulence.

[@ElementaryWatson-oxo]

Nobody ever promised balancing the budget, not only it's not possible, that would be counterproductive. Debt is an important driver of economic growth. The problem of the previous administration wasn't increasing debt, it was not using the debt to grow the economy, the money was squandered.

[@coco8386]

Almost anything they said sounded better than the word salad nonsense that Harris was spewing. What else could the public do?

[@byronmcdougald6569]

America has BEEN sold out since 1913, and made it THEIR OBLIGATION to fund their Ally billions of 💲💲💲 whether Americans are doing well or POORLY 😢

[@jeremygoldstein7140]

Peter would you cover the BTFP and the fed chart that its dumping assets meant to support banks' liquidity? This program ended back in March. Want your perspective on the systemic risk of banks. A while back you covered the issue with mark-to market securities - this issue has not gone away and is likely worse than before because debt has continued to expand. How does this debt bubble play out? More government spending and inflation to cover it up?

[@Ronnie-kv3dc]

Please tell me, how much did the fed back ( our supposed debt ) in this commitment wilson made to the fed without congressional approval, that we have been on the leash of ever since?

[@MrYousifh]

I think the gov should invest in bitcoin then sell some of it when the price skyrockets and use that money to cover some of the national debt.

[@antares4141]

Bit coin is a ponzi scheme. In order for that to work the gov would have had to been in on the ground floor and be cashing out now.

[@IbrahimKone-ix4qi]

!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.

[@FederickLeo]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@SonyaYeva]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.

[@FederickLeo]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@SonyaYeva]

Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

[@IbrahimKone-ix4qi]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?

[@GoldAndSilver988]

How does any of this relate to poor Americans?

[@libu6189]

Inflation disproportionately affects the poor by eliminating what little they have faster than anyone else.

[@DBEdwards]

IT DOESN'T . SCHIFF SOLD OUT

[@robhausman9621]

Man easiest way to explain nice. I say anytime you want to add trillions of anything to a society, your going to see it's value shrink. Dah!

[@blackbeardgoatjr2434]

We need to get back on the gold standard!

[@A91367]

Always enjoy listening.

[@sheephillkennel2004]

thanks for the straight talk. please comment on Judy Sheldon's recent book.

[@richarddobosz6174]

Excellent thank you compulsory listening

[@stevechilcoat2353]

Bitcoin is biting into gold for now.

[@cockyhemi]

All a mirage.

[@neonovalis]

Btc is risk on, Gold is risk off. Very simple matter.

[@Neilworldwide]

Great reality check on Trump Peter 👍

[@octoputzzz]

Nature needs to cleanse the earth of all of us. That's the cleanest way out of this mess. Lol

[@motorcyclemike1299]

Doge can recommend to stop using prevailing wage labor, paying $200 for a toilet seat, $150 for a hammer, donation of a half million to study frogs in Africa.

[@TopOfPyramid]

And that won’t be a drop in the bucket

[@MAR-lt7xo]

I personally feel that when gold crosses USD 10,000, the value of copper will be so high that it may also qualify as money. Beacuse not everyone would like to carry cash USD 10 K gold coin in the pocket to buy bread or McDonald's.

[@walden6272]

Maybe Happy Meal would cost 10k too.

[@davidwitkon8066]

I agree with you generally Peter but I got to tell you because of you I'm never even put a nickel in the bitcoin.

[@barakcohen3612]

Short term i think gold is going to 2200

[@jamescochrane1310]

Got a feeling attribution Could be very high considering recent appointments. That along with a hiring freeze, cancel overtime and cancel any future pay rise when the bargaining agreement comes up would ensure attrition goes through the roof. Could thus gut entire departments without actually trying to abolish.

[@damncars2618]

Great call on Bitcoin and Gold this week. Keep me informed, so I can do the opposite of what you advise.😅

[@fzr1000981]

Gold trades inverse dollar, btc trades on pump (in this case Trump pump). Only one has real value

[@damncars2618]

@fzr1000981 The value is determined by what someone is willing to pay. Good luck eating that Gold in the morning.

[@fzr1000981]

@damncars2618 no that's price....gold has value, a string of numbers on a computer with no future as money does not

[@damncars2618]

@fzr1000981 enjoy eating your client's profit. Gold can't go higher because they'll just produce more.

[@fzr1000981]

@@damncars2618 it will go higher

[@josephborg2417]

Keep going Peter - the truth will prevail.

[@DBEdwards]

Despite him

[@nikolayhalachev1442]

Gold broke the trend, next target line for me is after $2450

[@howard266]

his dad was a patriot and

[@robertcoyte3243]

Have not watched for a while love the intro

[@TheeBrownCondor]

Love it

[@tambourinedmb]

it’s pretty crazy they got the balance sheet down to 7T

[@bmacaz]

If Peter Schiff did not think Bitcoin was a serious asset-he wouldn’t talk about it literally every podcast.

[@radicalveg00]

The only solution is default and restructuring of the debt, as I think you discussed last week. But, as long as the rest of the world is willing to take our backed-by-nothing dollars, why not keep the plates spinning.

[@_FightForYourFreedom_]

Hey Peter just a few months ago you said Bitcoin was going to zero. Did you truly believe it, and do you still, or is that just the kind of thing one says to pump gold and not to be taken literally, really?

[@jimlovesgina]

I believe it. Bitcoin is a completely useless non-commodity.

[@MGTOWTheRationalMensClub]

Gold @ 56,000 $ per ounce will "cover" 40% of US national debt of 36 trillion (if US has 261 million ounces). 56K X 261 million = 14 trillion which is 40 % of 36 trillion.

[@polok890]

Wow, maybe thats the plan

[@rrssmooth6643]

Must be blowing Peters mind with the price of bitcoin.

[@kouta43210]

Peter actually understands the con - unlike those with a hairless buttocks'.

[@johnnagle7702]

Mine too lol

[@Hawka-Loogy]

Peter is still wrong

[@hummakavula1304]

Fair and informative as usual! But Trump 2.0 may be different because in his first term, Trump was hampered by the swamp that are entrenched and entwined in his administration. Pence was recommended by the Rino for one. This time, not only has the consciousness and atmosphere of the country but the whole world has changed completely. No one dares to take Trump for a ride this time that's for sure. Besides, his team is young and have shown great integrity. So let's not pass judgment so fast. Just like Heraclitus said, “No man ever steps in the same river twice, for it is not the same river and he is not the same man”. But then of course if Peter Schiff is in the team, that would truly be a dream team!

[@stephenbalda6390]

Excellent content! The stock market has insane valuation on companies. Example is Carvana, it has a 50 P/E and less then 1% net margin profits yet it is coasting to new 52 week highs everyday. Perfect shorting opportunity

[@josephvogel684]

Gold!!!

[@GoldAndSilver988]

So in addition to all its other atrocities it committed, the North also added the printing of currency.

[@Ronnie-kv3dc]

R here to start

[@PerrynChapa]

You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

[@borisbalev3037]

uncle Peter, consider appearing on the JRE once more!

[@polok890]

Us gov should load up on gold and then 10x golds price and pay off the debt

[@PatrickRockwell24]

Reagan- 168% debt increase, GDP grew by 80% from 1981 to 1989 Bush Sr- 57% debt increase, GDP grew by 21% from 1989 to 1993 Clinton- 39% debt increase, GDP grew by 52% from 1993 to 2001 Bush Jr- 86% debt increase, GDP grew by 38% from 2001 to 2009 Obama- 79% debt increase, GDP grew by 31% from 2009 to 2016 Trump- 45% debt increase, GDP grew by 25% from 2016-2021 This guy's figures are off by A LOT.

[@peterschiff]

I was referring to the dollar amount of debt, not debt to GDP

[@PatrickRockwell24]

@@peterschiff Obama went into office with a debt of 11 trillion and left with 19 trillion which is 8 Trillion. Trump went into office with a debt of 19 trillion and left with 28 trillion which is 9 trillion. Biden went into office with a debt of 28 trillion and debt in approaching 36 trillion which is 8 trillion. So your numbers are off.

[@PatrickRockwell24]

@@peterschiff George Bush Jr went into office with a debt of 6 trillion and left with 11 trillion which is 5 Trillion or 7 trillion adjusted for inflation. Bill Clinton went into office with a debt of 4 trillion and left with 6 trillion which is 2 Trillion or 4 trillion adjusted for inflation.

[@lawrencethompson127]

I think Peter is wrong about the Trump deficit. With a Republican Trump supporting Congress and Elon Musk and Vivek Ramaswamy rooting out waste and reducing the size of the federal government, I hope our debt will begin to come down.

[@horsewhisperer3708]

I was very excited about Vivek and Elon Cutting the government/ Graft in two. But after a little bit of research into what can and cannot be done, legally, i’m realizing that Peter is right. Little disappointed.

[@waynepreston542]

Gold is not money, its jewelry.

[@Snookynibbles]

@waynepreston542 Jewelry, dental and the huge industrial market (where gold is vital to electronics), are all commodity verifications of gold. Historically, real money are commodities, and over human history gold has been & continues to be money...the quintessential “Gold Standard” is an earned label. And gold is the very best case for fulfilling Aristotle’s case for the essential criteria for what constitutes real money. Please do some homework.

[@camwalker1186]

….and shitcoin is?……hahahaha

[@Snookynibbles]

@@camwalker1186 Yup. Real money has intrinsic value…typically as a valuable, durable, divisible, rare commodity. Cryptocurrencies lack intrinsic value. Outside of trading, they are worthless vaporware.

[@bumpyearth4204]

What is Bitcoin? Like what is it?

[@ageless-coach]

Going broke listening to this podcast!

[@waynepreston542]

Listen to Beverly Hills HS graduate Peter Stiff!

[@patrickbouldinkm5l143]

Peter, my pushback on what you’re saying about DOGE is that while Trump may or may not have the power to officially eliminate entire apartments he does have the power to trim staff and trim expenses, he is the chief administrator. So if he were to take those kinds of recommendations frommusk and Ramaswamy then and actually reviewed and then executed those recommendations it may not save $2 trillion but it would save a ton of money. So I think that there is the ability to save a lot of money, significant amount of money. And finally, my most important point is remember musk and his track record the guy is literally a rocket scientist and look what he has accomplished. If he puts his mind to it he is going to find a way, you’ll see.

[@gregmcclement6423]

doge does not need politicians to work. A long time ago there was a case that as a result of the government agencies were in effect allowed to make their own laws. some even had their own courts and judges. this law was struck down early this year. that means that a large number of rules that agencies applied are now illegal but they don't get removed immediately there has to be a court case. So doge can find the rules and find a plaintiff that can bring a case. the legal system will cause the rule to be removed no politicians needed. the duran did a video on this.

[@Godlivesinme2013]

Since the fed is private, isn't the national debt actually "their " debt.

[@russellking1924]

The thing is about the Federal Reserve is that eye in the pyramid and “New World Order” also we aren’t voting that way but, those that want the Fed are trying to get around the law and Constitution to keep the Fed going to go along with getting around the Constitution to create the Fed in the first place.

[@mikedunsmore8176]

All roads lead to Gold 🪙

[@rlg222]

Amazing how gold is on the way down...:)

[@garywells9231]

Peter, I truly believe that President Trump is much smarter than you are, no insult intended! With his new administration, I'll bet the national will actually drop, in fact I expect it to drop with America arriving to a new era of prosperity!

[@Justin_Holland]

Trump is not smart

[@Emory.GSwan90]

*I feel like the more l learn about country's low income, the more my anger grows,"imagine investing $1,500 and receiving $9,300 profits in 5 days, 😇 Thanks you for the lady you recommended here sometime ago is the best 🇺🇲*

[@yeemayle]

Wow! Nice meeting people who also work with Peggy dawsons, she's the only one I trust, she got me proflts of 11,OOO with a little start up of 2,5OO and ever since she's been good

[@RogerStones-k5g]

Same here though l started with as Low as $1,000 actually because it was my first time and it was successful she's a great personality in the state

[@ahmadkoistinen2230]

A colleague also testified about how awesome this Ms Peggy is and how she helped her getting started as a beginner into the lnvestlng world...

[@shawncrawford8515]

Please? How Do I Contact Her ??

[@barbradevino6870]

*She’s mostly on the Telegram’s Apps with the user name below!*

[@JR-eq6jz]

Free market is setting the 10y. Unfortunately it will not last. They will be back at QE in no time bringing those back down.

QE won't start until the S&P500 is below the March 2020 low. But long term bond yields (market driven rates) will begin to fall hard starting next week.

[@ClaudioPascual]

When Peter was saying that gold was going to go up he lost his voice.

[@DBEdwards]

THE FED PRINTS 30 TRILLONS IN COUNTERFEIT MONEY. WTF DO YOU THINK WHAT HAPPENS???

[@mikee1422]

When are the primary dealers going to get tired having to suck up treasuries cause the world market appetite for the treasuries drop, how far will the market's appetite for the treasuries drive interest rates the wrong way. Right now on short term bonds they are adjusting upward due to limited interest, so there is interest but how high can the Govt. keep raising yields on the bonds before they Can't.

[@humbertocabrera4379]

Peter would be cool if you get recommended to Chairman of the Federal Reserve. You would be great for the country.

[@humbertocabrera4379]

I dont think you will be nominated. 😢

[@PepeFrog-q7b]

You can eat my shorts. BTC will fly high in the sky

[@SirAlford]

There is a congress mandated "Backdoor" to Bitcoin.

[@michaelgurecki1406]

I still love the intro

[@johnsmithee6660]

Your intro and outro music and ads are way too loud compared to the podcast.

[@HML-it7te]

Starts 1:37