This banking crisis is the cusp of a much worse financial crisis.

Peter Schiff discusses why this current banking crisis is just the beginning of a much bigger financial crisis.
#dollar #inflation #economy
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[@leondonald]

This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.

[@duane_29]

In my opinion, some of these banks were attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.

[@philipr1759]

I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.

[@HarrietBemish]

@@philipr1759 I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?

[@philipr1759]

@@HarrietBemish It would be a very innovative suggestion to look out for Financial Advisors like “CHRISTINE JANE MCLEAN” who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm

[@HarrietBemish]

@@philipr1759 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.

[@Richardcarlett]

I still blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).

[@DavidRiggs-dc7jk]

People are going through real life crisis, think now isn't a time to point fingers. Everyone should always be prepared for the unexpected to happen. That is how randomness works.

[@berkrix4312]

You're right! Now that the market is in decline, I know what I want to do, but I'm not sure which stocks to buy, which investments would yield the best profits, etc. The potential gain is greater due to the risk, and professionals are better at negotiating such exact contracts. Right?

[@jeffery_Automotive]

Very true, I started investing in 2018 with no prior knowledge or expertise, and by the end of 2019 I had earned a profit of approximately $750k. I had simply been following the guidance provided to me by my financial adviser. This shows that you don't even need to be a great investor or put in a lot of effort; all you actually need is a professional to help you.

[@EllenAbrex]

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

[@jeffery_Automotive]

My Financial adviser is ‘’JULIE ANNE HOOVER’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@Nernst96]

The downfall of SVB has had a significant impact on the global financial markets, leading investors to hastily sell off bank stocks and revise their interest rate projections. As an investor with a portfolio of $350k, I am now at a critical juncture, questioning the wisdom of holding onto depreciating stocks. In this bearish market, I am seeking advice on the best strategies to maximize my returns.

[@mcintyre1]

The recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.

[@trane85]

@George Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?

[@trane85]

@George thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply

[@PhilipMurray251]

What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $ 350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?

[@Robertgriffinne]

All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.

[@rannyorton]

The markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My F.A, "DEBORAH SUE BOHN," who has witnessed hundreds of market cycles over the past three decades, taught me this. She has an intuitive understanding of how things move, why they move, and what will happen next.>

[@PhilipMurray251]

Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

[@rannyorton]

Most likely, you can find her basic information o-nline; you are welcome to do further study.

[@zenvagabond]

energy + gold etfs

[@Erikkurilla01]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@Lemariecooper]

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 $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@jessicasquire]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving

[@patrickbrussels4454]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 2.8million

[@Lemariecooper]

Thank you, I copied and pasted her name on web browser and sent a email waiting for reply.

[@lawtutoring]

​@@wk8000gold physical

[@topmoree]

Bitcoin doesn't need any action to boost the price. It is a unique coin as well as the mother ship of cryptocurrency which is considered as digital gold, and is used as an asset store for big investors. So as long as the digital world still exists, bitcoin will continue to be king.

[@michealolmez3269]

Now that there have been big corrections in the crypto market, NFT and BITCOIN has been growing in all aspects, I strongly believe that the digital crypto asset BITCOIN and NFTs will take over the market in no time

[@topmoree]

Correct me if I'm wrong but I imagine why they're going after Binance and Coinbase is because they're basically becoming banks in of themselves. Crypto is supposed to be decentralized, but these institutions are centralizing it and are by default becoming like crypto banks. After losing so much money on stock market I met Bernard Wong who help me to trade on cryptocurrency after trading on crypto currency and I made up to 15 BTC when I started at 3 BTC every week.

[@topmoree]

He's available on telegram.

[@topmoree]

@bernardwongcrypto THAT IS HIS USER NAME

[@hunati31]

Peter is a Legend. Straightforward as always.... I hope to meet him one day...

[@wimvanaerde6249]

Peter Schiff is the real deal ❤

[@Britishpatriot1]

Schiff’s an absolute boss when he lets rip on these bank fraudsters

[@andrewmiller6663]

Yes, but he calls it incompetence when it is actually a plan since the inception of the FED on Jekyll Island. I wish he would acknowledge that, he must know but must have his reasons not to say it.

[@ryanlequesne9137]

@@andrewmiller6663tell me more??

[@barrymanning6554]

Thanks for your wisdom Pete, you legend you. Respect from Australia.

[@timgibson3754]

Yes Pete's swell

[@T18skyguy]

Peter the Great ! Peter Schiff for President!!! Straighten this country out !!

[@t-hook5291]

Thank you Peter for education

[@bmw803]

A person will learn a lot more about economics listening to the Peter Schiff podcast than earning an economics degree.

[@deanpaterson3219]

Brilliant guest. He really understands banking.

[@rodpetrie1088]

The Master delivers his intuitive foresight (actually plain common sense but Pete seems to see it better than most ) as per usual and prepared to put his reputation on the line. you've got to admire the man. I have absolutely no doubt he is dead right.

[@iamlakeland]

God Bless you Peter and your family. Keep us informed. Thank you.

[@adielstephenson2929]

You can learn so much from this guy.

[@carlosibanez2763]

Love ya Peter! Thanks for everything!

[@D52M5]

When shit hits the fan everyone looks to Peter Schiff! God bless you Peter!

[@thechicantique4567]

6:45 💥 💥 Peter has been warning ⚠️ us for years!

[@bobbiecrider6964]

Glad I found Peter back in 2012...

[@PassportBrosBusinessClass]

Did he talk you out of buying Bitcoin at $500?

[@chiil034]

@@PassportBrosBusinessClass You should definitely put all your money into BTC.

[@bobbiecrider6964]

@@ThePeterDislikeShow no, But Ron talked me out of voting For Barrack and sleepy Joe. I've never heard of bitcoin, who is that. Can you explain! Maybe I'll vote for him next time...

[@Eharman2011]

Wow really cool to see Peter on Trader T.V.!!!

[@robertom.buscher]

Thanks for the good summary! Now is the perfect time to start buying BTC if you are just being introduced. I just made my third withdrawal yesterday for 2023. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Brian Fischer for helping me get into his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Brian Fischer

[@RichardPAdams-ms7mu]

Wow I'm new here …How does this bitcoin thing works ,I just need someone to guide me and help me manage my trade...

[@ConnieCRiley]

I strongly advice against self trading, it really dangerous and has brought many investor down, I thought I knew it all when I was practicing with my demo account but I lost a lot of money when I began my life account , but I met this expert Mr. Brian D. Fischer that's the turning point of my life I'm grateful I did believe him.

[@dexters.vicente]

I agree, I was on the sideline for awhile observing, trying to figure out the best time to get in, that was before I came across Mr. Brian , commended by a pundit on Reddit, reluctant at first but I went ahead and got in touch with the Mr. Brian, long story short, it's been 3years and counting and I've made over 1.5million dollars simply by following Mr. Brian Fischer guidance. I took a vacation to Bahamas late summer just to reward myself a little for the consistency lol...

[@JamesRBalke]

Mr Brian Fischer has been such a blessing to me, my colleague got me involved in this and I can't thank him enough, my first placement was a little amount of Bitcoin and my investment has been growing so well even with the current dip..

[@sharoniflores]

I have also been trading with him,The profits are secured and over a 100% return on investment directly sent to your wallet.I made up to $110,000 in 2months trading with his platform...

[@ClaudioPascual]

Peter is a superhero

[@vincenzo1244]

Very clear, thank you, Peter

[@obamaclintontraitors3623]

Peter is great and his father is legend

[@jmcmob608]

Thank you very much...

[@user-qk3sc8rq9r]

I'm reminded of that old TV commercial when the expert begins to speak and everyone freezes to listen. You can literally take Peters advice to the bank.

[@5fmuke535]

Thank you Sir Peter The Wise👑🏆

[@gmanlive5764]

That’s the background we love EUROPAC! PETER FOR FED CHAIR

[@andyxyzb]

Finally - a manageable 15 minute video that explains EVERYTHING!! Thank you so much. It's all so [terrifyingly] simple!!

[@friendsforever5012]

Take your cash out, buy valuable assets, forget shitcoin, get your stuff in order.

[@Ziegfried82]

If you have any crypto make sure it's a very small portion of your portfolio...the stuff has shown itself to be unable to hedge against downturns and inflation. It's a highly speculative token, you could do just as well buying lotto tickets or choosing random stocks.

[@SJD88_CFC]

What part of forget shitcoin were you not able to understand?

[@iliketacos6067]

Thanks for the interview

[@DjmMik]

Peter is the master of clarity!

[@diwasneupane7756]

GREAT INFORMATION!!!

[@umarjongi3590]

thank you, mr. Schiff

[@abbottmd]

I love the chyron scrolling, nice touch! Good material too, of course

[@andrewdunlop2966]

Keep on financially rocking in the free world Peter 🎯😎🌎

[@gh-dw3tg]

Thank you Maestro. Love your videos!!!! Say no to CBDC!!!!

[@tomjones2348]

This entire scenario of "fighting inflation" reminds me of the bazar opening scene of the film Fahrenheit 451.

[@azmike1]

Picking up pennies in front of a steamroller is not my idea of smart. Stocks pay nothing. Gold is money.

[@WisdomIsPrecious]

Go Peter, Go Peter, Go. Go, go, go 🎉🎉🎉

[@nicoljane3083]

Mystery Babylon is taking her final breaths.

[@friendsforever5012]

Whose the women of revelation

[@dersturmerofjewery6038]

The occult Ashtar Baal worshippers who today are bankers and operate through many channels particularly masons Illuminati golden dawn RC etc all agents of the CABAl

[@nicoljane3083]

@@friendsforever5012 its their financial system they use and comes out of Babylonia...it really is that old. The serpent seed have used it ever since in every empire they took charge of finance in, it is now used worldwide. She/It is being brought down. Revelation 17.16 tells us it would be the Red Beast ☭ that she once rode 'controlled' that would bring it down. Rev 17.17 tells us it would be God's Will they are fulfilling. Jeremiah 51 tells us how they would try to fix it but can't & the book of Obadiah tells us who the serpent seed are & in Obadiah 1.7 It tells us it would be their allies they trusted that would turn on them.

[@kryptoking2581]

In Europe they just banned using $1000 euros to buy anything . You will go to jail if buy something with cash in France . Everyone look it up they just passes this law today

[@motoman9944]

Great video Peter! You hit the nail on the head every time!

[@brucesimpson8579]

Peter used to be a carpenter in a past life.

[@motoman9944]

@@brucesimpson8579 Actually, I believe his grandfather was a carpenter! He mentions this in the documentary, "End of the road. How money became worthless"

[@michelvandepol1485]

Respect from Holland

[@wimvanaerde6249]

En van België

[@michelvandepol1485]

@@wimvanaerde6249 een Belg snapt dit?

[@wimvanaerde6249]

@@michelvandepol1485 Heel goed hoor

[@louisstennes3]

I always ask this question and never get a straight answer but BS. Even during the 2008 crisis you hardly never if ever hear about Credit Unions being in trouble or going insolvent? They make mortgages, auto loans, personal loans, etc., etc. so how do they do it?

[@MrPatrick1414]

Love the whole language around this banking crisis...to somehow disassociate it from the 2008 crisis. Bailouts have been renamed 'Backstops' lol

[@james6401]

I could swear the ECB and others were using "backstop" as well back in 2008...? Although here in Ireland we never heard the end of "backstops" to plug up the Brexit issue.

[@davebellamy4867]

​​@@james6401 Yes. Backstop was being used around 2008. Probably around the time of the bailouts after Lehman collapse in September 2008 but I can't recall if they used it before then. There were a few individual funds that went down before Bear collapsed in March 2008 but I don't know if they were backstopped. Probably not. They were "contained!"😅🤣😂🙄

[@el2279]

'Those [big] banks are insolvent too - it's just that they're too big to fail so we won't let them' @7:00 Preach Peter! 🙌

[@freakinccdevilleiv380]

Nothing will be solved if government spending stays at this atrocious level, this is the bottom line.

[@skijay2010]

YOU CAN NOT TAPER A PONZI

[@davidh5691]

Peter the Great!🤑🤑🤑

[@ismardidic3505]

❤Peter

[@markamsterdam539]

Good video

[@dottiea.2186]

The planned clasping of the 2 banks, was a start of push for CBDC

[@thatguybill34]

*Exactly*

[@ccalcote9125]

I Agree, if that ever happens we will be toast..Good luck spending our money that we earned the way we want! Everything will be controlled for the middleman!

[@panhead55]

And CBD oil too…

[@felonious.bitcoin]

This economy is just a big Schiff show.

[@raokumaran6187]

Correct👍🏿☑️

[@deanbraden7695]

True

[@koreanyoon]

When I think of the FED, I think Dereliction of Duty. Horrible actions and inaction of the FED! Was it all planned,,,years ago?!

[@Kountrykruiser]

Another framing nail in the coffin is DEI contaminating traditional lending qualifications when the chickens finally come home to roost.

[@nb6949]

Interesting. Each finacial or credit crisis has been worse since the 80's, seems to ring true.

[@moepharmo]

30 year fixed will kill hundreds of banks especially if we experience hyperinflation.

[@UltimateBargains]

Always ask, "Which policy decisions will produce the greatest power and wealth for the decision makers and their cronies?" The goal of all governments and all banking systems is to privatize profits and socialize losses. Always has been, always will be.

[@dersturmerofjewery6038]

Schiff I just got done watching the documentary the eternal Peter a 1944 movie on your people schiff I still love ya

[@geotom2023]

only one analogy needs to be said. The frog that remained in a saucepan full of water being heated, got totally boiled to death because it remained comfortable with the temperature of the water almost all the time except before it was too late to jump out.

[@midwestsignworks1289]

how secure is a paper mining stock -- counter party risk, etc.. ?

[@dennisvazquez2140]

Gold is the only way to go. I'm going all in on gold whenever I get the chance.

[@danstar455]

Re SVB apparently there were under the table kickbacks for those companies to hold huge amounts of cash in that bank. But what is not explainable is why SVB was so heavily in 20 and 30 Treasury Bonds when the Fed was aggressively raising rates in 2022.

[@BlueWaterSTAX]

Well done guys. Your on point Peter. The fools that are running the show, need to go✌️

[@quinnjhartnett7185]

Thank you and your Farther No one listing to the truth , even the America people do'nt buy Gold & Sliver as MONEY

[@jfcrow1]

This guy is smart.

[@sindust150]

The Fed needs to increase interest rates above inflation more like 6%, another 200bp. And let the economy fall into recession an D a global recession, and increase the value of the dollar

[@milescasey]

Mark it down on what you said on $AMC

[@jaijai5512]

what’s happening to Yamaha gold, was that a good deal for shareholders? I guess not 🤔

[@Rob-fx2dw]

Good explanation of the operation and effects of the Fed's new money creation that is used to support a failing bank's crisis. Yes it is all new money that creates an illusion of the government paying but is really a round about way of making the public pay.

[@johnrobi0]

I refinanced at 2.75% two years ago. 30 yr fixed. Loving it everyday.

[@ashishgulati8697]

& You are laughing… 🎉

[@Ziegfried82]

Yeah I did a 15 year at 2.75% a few years ago and I'm grinning. Also have several debt instruments I will leverage if the idiots at the Fed drop rates back to zero.

[@panhead55]

In the ‘90s, an old woman in New York went to Chemical Bank and it wasn’t even there anymore because the building “burned down.” Apparently here grandson finally cashed a stack of birthday checks that he had saved for several years, which drained her account…

[@user-px8fm4cj8z]

JEFF BERWICK has your NUMBER PETER!

[@Buggen-Out-Yo]

What industries feel the effect of a finical crisis. Storage containers? Food? Trucking?

[@tdcall]

"Federal Reserve Notes" under 12 u.s.c. 411 said what?💯

[@Seaside33]

Add that to the property prices that are at the highest they have ever been... spells disaster

[@mikehudzinski5423]

Thanks!

[@memtesin5918]

I don't understand how banks can lose on mortgage loans when they own the house plus the interest paid.

[@brianoleson9224]

what peter isnt tell you is yeah gold may do well into 2025 but after 2 years theres a strong likelihood as the economy melts down from the 3rd worst downturn since the 1930s that gold is going to tank 45-55% if gold rises 150 dollars over the next to yrs and you rush to sell in time taking fees for selling and the premiums you make $0 you may even lose 50 bucks an ounce . homes are up 160% since 2011 stocks are at highs there is no great place to put your money

[@HaedenBeck]

Don't forget the other initial reaction to 2008 was "haha take that you stupid banks"

[@chip1pan]

Can't kick the can down the road any more.

[@user-xd7un2hb7w]

so what do we buy to protect outselves?

[@larsh2923]

Your question is answered at the end of the video.

[@onastick2411]

Would nt it be easier, rather than raising interest rates to fight inflation, just to change how we count it, so it appears lower. It transitory anyway, we have the Fed's word for that.

[@larsh2923]

😂😂😂

[@CSTam-vy7bp]

Somehow, the anchor reminds me of Rupert Giles!

[@joecaruso3756]

I got my 30 year in 2021 at 2.875%

[@earl272007]

mine is at 3.2! i bought a yr and 3 months ago

[@borisdavidovich3742]

Yes.

[@paulharris1502]

Still no mention of the BIS.

[@gmanlive5764]

SCHIFF GOLD

[@koreanyoon]

Too big to fail?! They failed before they were bailed out, Folks!!!

[@ml-mw7ms]

That's their way of saying that those BIG banks, corporations will get a bail out to prevent them from failing at our expense.

[@rabuanmantine8522]

We all see that…. The politicians don’t 😊

[@miketucker5810]

nice to see peter in 240p

[@robaudi20v]

yes i actually said 480p i was being generous. seriously cant this old man afford a decent camera? its laughable

[@DJSerpent]

​​​@@robaudi20vthey scaled his up to match their layout, but it seems like older 720p camera lol

[@Ziegfried82]

Does PR have terrible internet? Otherwise Peter really needs to up his camera because the resolution on his broadcasts is terrible.

[@miketucker5810]

@@Ziegfried82 hes using the same camera from the 08-09 crisis , if you watch those videos they look the same

[@UltimateBargains]

"Paper is poverty, it is only the ghost of money, and not money itself." -- Thomas Jefferson

[@antonyfrancis3247]

What happens to the inflation rate with the recent cut in oil production by Russia and Saudi Arabia?

[@larsh2923]

Good question. When oil goes to $100-$160 guess what happens at the pump and with inflation.

[@huemann7637]

I thought that was Steve-O in the thumbnail. 😂

[@mikehudzinski5423]

Peter Schiff is my go to guy. Keep up the GREAT work Peter!