"We're On The Brink Of Collapse" - Why This Economic Crash Will Be Worse Than 1929 | Peter Schiff

[@TomBilyeu]

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[@BeKindYouFuckers]

Tom. Why is your only focus on negativity and specific an dystopian future? Don’t you feel some kind of responsibilty against your human fellows or is money your only priority in this life? I have asked the question i similar way around 50 times but NEVER got any answer on top of that i can’t find any single one of them. With all due respect Wish you well and i will pray for your soul to find love and emphaty. Take care

[@Crashbangable]

Do you read your comments? People are really frustrated with rerunning episodes as if they are new

[@henrythegreatamerican8136]

I honestly tried giving the video a fair watch, but man.. It's the same old 2 hour rant on spending being out of control while ignoring why our social programs are putting us in debt to pay those who own the major assets in our society (and how they got to own those assets)

[@elizastone6237]

👀👀👀😒 I used to like your channel ! Where are the other videos about health, wellness and more … now only videos where everything is economy and negativity … where’s the old Tom ?

[@CovidosLocos19]

This guy is always wrong

[@aubrey.trades]

Honestly, I've gotten to the point where I've stopped watching this channel because I assume everything is a re-upload at this point. You should really do something that clues in your regular viewers. I know this is a new video, but the level of hesitation I have when I see a notification from this channel now is HUGE

[@Nonbleachedblonde-dv3jk]

Me too

[@vacymatter6058]

@@Nonbleachedblonde-dv3jk me too, is this a reupload?

[@verified2043]

Yeah, he purposefully put 2025 in the thumbnail to emphasise it is a new video. He knows people are losing trust but he doesn't want to acknowledge it. If he continues down that road, it will be a masterclass on how to destroy a channel.

[@henrythegreatamerican8136]

Bingo... I almost came here to down vote the video and shut it off.

[@cdevidal]

@@aubrey.trades the unsubscribe button exists

[@swanee22]

Peter is the best...smart, very knowledgable, and honest.

[@dkerdnase]

Man this is amazing content. Good to see right leaning and left leaning people have a constructive discussion/debate. Thank you Tom.

[@MusharafMusharaf-ri2fy]

ETH has its merits, but Norvenai growth potential is alluring. Made the switch and feeling optimistic!

[@lakingscrzy]

900 upvotes and no comments shilling a coin. Fucking jeetbots

[@clffeingold]

Tom, illegals are voting. Your refusal to acknowledge that fact concerns me. Maybe stop letting the uninformed public influence you so much?

[@stephenjacob9316]

Agree. Tom sounds like a typical socialist. Especially when he said, don't tell me all women can't vote. Not a fan if his.

[@barbaraatkinson2204]

Great to see Tom starting to understand the who what and why all this is happening ,your voice is so important ,

[@devenchy3k947]

I have not heard anyone give one good reason why they would be allowing all these millions of people to come here & financially prop them up in these sanctuary cities & not arrest the known criminals. The only reason that makes sense is so they can vote & work for cheaper wages & less benefits.

[@jamomeara1894]

The billion dollar question at the expense of the American tax payers

[@legalfictionisfraud]

@@jamomeara1894 Or government created DEBT re-payers....

[@jackie4162]

The US takes these criminals and deports them back to their countries but what do we do with all the black crime that’s becoming a culture, where do we send those people…jail? Back to where they came from? 😁 they are allowed to vote 🗳️

[@Woof728]

That's why you have to vote for Trump!

[@yonikki]

A total collapse of our democracy (republic) ... and then "they" force a WEF structured global economy. I'm soooo against a digital currency for many reasons.

[@keithdesantis1976]

Been listening to Mr Schiff for the last 4yrs. His predictions and explanation of the present times has always been very accurate with no BS.

[@parkerbohnn]

I've been listening to Mr. Schiff ever since the second World War ended.

[@cdevidal]

Peter has correctly predicted 200 of the last two recessions

[@anthonychustz5814]

It's hard to predict anything that's going on in the economy because of all the government manipulation of the economy and the stock market. Take advantage of the government manipulation of the stock market and the economy while you can. Because when it ends, it's going to end badly. The dollar bill is worthless, and people will find that out really soon. The government is lying about everything. Including the rate of inflation and employment. What do you think bringing in all of these millions of people into this country is going to do to inflation. There's not enough housing for all of these people coming into this country. So that means the price of housing is going nowhere but up. And the price of everything else. Mostly Insurance on cars because these people don't know how to drive. And food. Because the more people you have the more food we need. Inflation is getting ready to skyrocket. That is if they count the cost of housing. They're lying about inflation so don't believe anything they say. The only people getting hired in this economy is government workers. And that takes money away from the economy because it takes money away from the taxpayers. Government workers create absolutely no productivity to this economy. Government workers are only a drain on this economy.

[@anthonychustz5814]

I responded to your message. But it seems that the thought police has eliminated it. Sorry about that. I'm not repeating myself. Good luck to the thought police. I hope the thought police do well in the future.

[@PokePackFire]

He also deterred people from buying bitcoin, which could have given people generational wealth.

[@cdevidal]

@@anthonychustz5814 Deletion is ridiculous on here. It's not just you.

[@kimwood6632]

That made my day. At least we still have humor.

[@Kin-28-8]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[@Thompson-e7h]

People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@Helen_white1]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@Theodorebarba]

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

[@Helen_white1]

Just research the name Stacy Lynn Staples . You’d find necessary details to work with a correspondence to set up an appointment.

[@Agatha.wayne0]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@KariEllenJames]

Tom is fast becoming my favourite interviewer. Really good at sticking to his guns and getting the guest to properly answer the questions, and exceptional at counter-argument.

[@KariEllenJames]

Also, Peter is totally right about prepping, tho. And he's the only doomer I've heard speak to those of us who don't have hella investments.

[@Donald-George]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[@Jamesjerome0]

If you lack knowledge about market investing tactics, get advice from a financial counselor.

[@donovantobs]

*A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.*

[@AmithKaury]

Do you mind sharing your financial planner ?

[@donovantobs]

Her name is. SUNITA CHACHY JOSEPH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@AmithKaury]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@ArmanKhan-hu6hp]

I have a fairly large holding of Norvenai. And 90% or it is because I believe in the asset itself. Its actually the chain that makes me want to dev on top of it and learn Haskell.

[@Asawyer-u6q]

every market sectors are in an uncertain position, might opt out of stocks entirely if it crashes. I keep asking when it would be stable with global situation right now.

[@Thecarbon-k2y]

As they say. Time in the market, not timing the market. Only contribute what you can afford bcos it’s a long term thing. Property & Stocks will dip & peak but they aren't going anywhere anytime soon.

[@Msmelissa-u1w]

Be extremely attentive as we are entering an unusual market economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options first. It would be a vast awareness to align under a top performer for easy earning picks. I did the same and it works.

[@Asawyer-u6q]

very well I got in on multiple sectors myself I think about adding more to my individual account or is holding off more better for me?

[@Msmelissa-u1w]

right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.

[@Msmelissa-u1w]

add Gold and silver as well.

[@BigWickTraders]

Is this yet another recycled video? If not I apologize, but the one thing that hurts this channel over everything else is the obvious money grab of recycling old content when your competitors don’t do it at nearly the same rate or at all

[@czm2000]

While I 100% agree with your sentiment, I think you're mistaken about it hurting the channel. I think he has enough subscribers (and momentum) where it doesn't matter, at least for right now. It bothers you (and me) and yet here we are. We clicked on and commented on this video, both of which helped them further this video. And so, while yes, maybe in the long run old faithful listeners like you and I will tire of it, if it happens long enough. But 1) We'll still keep clicking for a while, and 2) There will be new subscribers to replace us. So there's very little incentive for them to stop posting recycled content. EVERYONE does it, and that's because it works..... Unfortunately 🫤

[@legalfictionisfraud]

This is an update on a recent Debate!!! You also don't seem to be paying attention to it either!!!! This is one of Peters and Toms BEST!!! One to be saved and referred to for generations!!!!

[@prshr6145]

Exactly this.

[@OhDannyboy7]

Maybe recycled but we still benefit from having it pounded into our brains how corrupt the government and FED are.

[@estuardoruiz5373]

New video, recycled conversation

[@Jaynick1977]

He is correct about illegals in Vegas NV. People were in grocery parking lots trying to register people to vote and stated that it didn't matter if you were a citizen or not. I was asked on Two different weekends. They were out there for at least 3 weekends.

[@michaelnorth5869]

MY FIRST WIFE WAS A GREEN CARD in 1997 AND WHEN SHE GOT HER DRIVERS LICENSE THEY SIGNED HER UP TO VOTE AND AS A DEMOCRAT. I found this out when the voting information arrived in the mail. So yes some foreigners do get to vote

[@fubarsk8]

according to Ballotopedia, 13 states do not require any ID to vote, including New York California and Illinois.

[@user-mf8ok2if3w]

K

[@Gold_Silver.]

Peter the 🐐 of economics

[@A.I.-]

You're suppose to PREPARE, get a small piece of land (your first priority); Grow your own fruit trees or food forest and vegetable garden. Have chickens and rabbits. Capture rain water and have solar and wind energy. These should be the basics and fundamentals for preparation. You're first priority are Food, Water, Energy and Shelter >>> You won't be able to eat (nor barter) your gold/crypto/money. If you're like Tom and has means to afford it, this should have/be organize as your preparation/investment. If not, you should work towards it.

[@zenglider2145]

Tom's right. The ability of americans to connect actual socio/economic outcomes to their voting for socialism's politicians is miniscule, but their gullibility in attributing credibility to socialism's claims of future benefits is enormous.

[@K-1Tube]

This guy has been saying for the past 20 years the economy is on the brink of collapse. When the economy finally breaks he'll come up saying "I told you!"

[@The.world.has.gone.crazy...]

I was just going to comment the exact same thing. 😂

[@takiandrioti1845]

Right? Same story year after year...SMH!

[@Woof728]

It's taken that long for the velocity of money to finally fail!

[@somecooney5304]

The broken clock that's never right... Sorry to be annoyed, but will this Goddamn thing just collapse already! 20 years of listening to this horseshit.

[@kennysa3586]

He was correct this whole time. But no one predicted the endless QE and govt intervention artifically propping everything up

[@GinetteCallaway]

Property tax is already taxing UNREALISED gains. When they tell us what our house is worth and tax that. The evaluation is already presumptive. I have no intention of selling my home, why do I pay taxes on a value that means nothing to me and I never see? People find out they can't sell their homes for it is SUPPOSEDLY worth. It's a CAD scam.

[@l.j.r.8448]

Blame your state.

[@geesixnine]

Tom, I live in California, and they don't even ask for your citizenship at the DMV. The police here aren't allowed to ask about your citizenship when you're pulled over. C'mon Tom, there's so much evidence for this.

[@coley013]

you can get a state drivers license as a non citizen. that does not mean you can vote in federal elections. i hope you can understand the obvious difference between the two

[@MikeRosol]

love to see you taking notes, being more patient and respectful with your guest. nice work tom!

[@SuspendedLogic]

Is this an old conversation? How am I supposed to know? There should be something in the beginning that says if this is an old conversation or a new conversation.

[@kitosoma187]

The only way you could know is if you watch the FED and fomc meetings and compare what you heard there to what peter is saying and see if it lines up timeline wise.

[@Heywood.Jablome]

Yes, a lot of lazy channels just repost old videos and pretend it's new content

[@A.I.-]

Its neither old or new... its an ongoing issue and no one is paying attention. The point of re-posting it is to bring attention and awareness, repetition to not forget about the problem in front of you.

[@mattanderson6672]

Brilliant discussion Excellent Analysis Thank you Sir I agree!! Thanks for having him on, great guest I love your work, and I always love listening to you Peter Thank you gentlemen Thank you both

[@raffiboy9426]

55:42 Yes Voters are dumb .. why do you think we’re here … this country’s demise is inevitable

[@A.I.-]

Yep, you don't ask 400 flight passengers to vote how to fly the plane. The pilots takes it to its destination, no voting involved.

[@Ascerian]

Peter did an excellent job explaining this, good job Tom also

[@drews8728]

The illegals voting is entirely true. I have an Egyptian friend who attempted to register to vote when he became a citizen and went to get his liscense he was told he had been registered since his original liscense was issued

[@wearebornlikestars7706]

I was shocked to hear him say it was controversial. you are either a paid shill or operative or hidden under a rock to not see it.

[@coley013]

You just said he became a citizen, so he is not an illegal anymore. Your statement that he was unaware he could vote before coming a citizen infers he never voted during that time. I hope you realize this actually means he DID NOT VOTE as an illegal immigrant. The current law states you cannot vote in federal elections as an illegal immigrant, but certain states allow you to vote in state and local elections. Your post actually confirms that illegal immigrants are not voting in federal elections

[@franktuccillo6097]

Please put dates on your podcast

[@GRUBB-MUDD]

54:10 tom thats why this has become my fav podcast in a very brief period of time. I always knew impact therory. I would like some suggestions tho. The last 2 years has been my best 2 years EVER, but i got clean and became a KZbinr, i understand im not the average America, my baby mama is.. and my workers are. I see it i feel it, thank u Tom for pushing this down Our EARS LATELY! (Not doom and gloom, more like NO CAP)

[@joostonline5146]

Never heard peter talk about something positive

[@user-mf8ok2if3w]

Someone said there has been dollar doomsayer since at least the 1950, and that people followinf the advise may have lost billions in opportunity cost. The train ride might stop at one point but nobody knows if its in 5 years or 100y.

[@ThrowBackZone]

Gold standard or bust! This endless money printing is leading us straight into an economic apocalypse. 💰💸🔥

[@bradg.8577]

Is this another repost or compilation or an actual new episode? Can't ever tell on this channel anymore

[@bryanzhao1]

Listening to the first minute, probably new since Peter mentions Kamala

[@Mayordomo32]

This is more of an indictment on Peter, tbh. He has been saying same things in every interview for years

[@donatelloDoesmachines13]

yea he reposts these videos just to get views. Its a little frustrating. No other channel this big is as bad as him at doing this.

[@OhDannyboy7]

And he's still right. Trillions in debt and it's amazing how they can manipulate the numbers for so long without a more recent crash than 2008. Eventually it will all fall like a house of cards and we'll descend into even worse chaos.

[@animacuso100]

It's a new video

[@marysizemore945]

I would love for someone to explain why Social Security is considered an entitlement when you work for that benefit…? In that senecio your paycheck would be an entitlement… what would be the difference in them just stopping your paycheck that you work for and stopping Social Security that you worked for…? Maybe, stop allowing people to ‘live’ off the system for their lifetimes with free housing, free food, free money - get a job and contribute instead of ‘playing the system’ generationally. Can you contemplate and debate that possibility instead of going straight to penalizing people that work their ENTIRE LIVES?

[@jaxn66]

Are companies still recording record profits? Seems like a simple issue of price gouging on a systemic level. Could it be that simple?

[@craigo6808]

No….turn off CNN

[@Crashbangable]

When the currency gets inflated, you have to set records just to remain the same candy bars used to be a nickel

[@michelletinalouie]

This was a really good conversation between the 2 of you. Thank you for this video Tom and Peter.

[@fromduskuntodawn]

I listened to Peter for a decade from 2008 to 2018. No wealth creation from following his teaching. Yes metals, but those gains are just kinda keeping pace with things. He has good theoretical concepts but real life just doesn’t operate the way he theorizes.

[@l.j.r.8448]

Because he’s ideological.

[@MS-dx6yz]

Agree. You won't get rich following Peter - MAYBE in an apocalyptic tail risk scenario.

[@user-mf8ok2if3w]

You wont get rich, and may increase your anxiety :). "So whats gonna do well this year Mr? CRASH Ok...and next year? CRASH"

[@fromduskuntodawn]

@@user-mf8ok2if3w 😅😂 year over year anxiety rate is high lol.

[@jonathankay9957]

I love Peter's obvious disgust for the average person.

[@BullionMMA]

Lol are you joking? Did you even listen to the video?

[@RD-io6sm]

I'm pretty sure it's on both the government and greedy corporations. They're in the same club that's beating up the common wealth.

[@legalfictionisfraud]

This is a new Update on the debate... And peter was spot on here... far better than EVER before... VERY IMPORTANT UPDATE... Well worth sticking with the entire video.. Awesome TOM!!!

[@GinetteCallaway]

Get rid of all present taxes ... The new tax structure should be 1 Sales taxes Food is exempt from taxes A flat tax of 15% on most goods A 25% tax on a basket of good to be defined as non essential but not luxury A 50% tax on LUXERY Items like: third home and any additional houses beyond a one homestead and one vacation home anywhere in the world. Yachts, Private Jets, Jewelry over 1000,000.oo dollars etc., resorts with hotel cost of over 1000 dollar per night etc..

[@Stockpickervalueoriented]

How about delete it altogether

[@mattolivier1835]

Why do you want to steal from people? Taxation is theft by definition. Theft is immoral. Didn't your momma teach you that? Gov't should be 10% of it's current size, or less. Gov't should NOT subsidize anything. Not their job. Gov't should not be involved in education, business, or most other things.

[@l.j.r.8448]

A flat tax has never worked anywhere in the history of the world.

[@mattolivier1835]

@@l.j.r.8448 So what's your point? Neither has making murder illegal. Even though murder is illegal people still do it. You need to do what is moral and NOT just what is expedient for you. Shame on you!

[@l.j.r.8448]

@@mattolivier1835 you don’t get to decide what is moral. You’re a fraud.

[@thisme6442]

The problem is that people who truly understand Finance and US economy all look like this guest. It makes it very intimidating for average people and even more so for POC. We need more POC, and younger generations to speak on these issues in a relatable way. Tom has tried multiple times to make him simplify his answers, but he doesn’t seem to be getting it lol

[@_FightForYourFreedom_]

Are you saying if a guy is white and you're not you can't listen to what he says?

[@DanielSolis33]

We are a Republic, not a Democracy

[@therealJayRoe]

You're both.

[@henrythegreatamerican8136]

And in terms of economics, we are not capitalist or socialist..... we are a corporatocracy. And a corporatocracy is one step away from fascism if the people in power start using violence to maintain the status quo.

[@cdevidal]

@@therealJayRoe not both. You can know that when a law voted by the people is overturned by a judge who rules it unconstitutional. It is the constitution, not the people, which holds the power in a Constitutional Republic.

[@jude999]

@@therealJayRoe "...and to the Republic, for which it stands..." We were set up to precisely to avoid the tyranny of Democracy. A nation of law, not of men.

[@Bakarost]

They want a democracy (push for illegials to vote) in order to usher in tryanny since thats the final form of democracy. Known since the ancient greeks saw it.

[@EndoftheBlock7224]

Good call putting Peter on. People need to listen to his no frills, no BS analysis.

[@ilkoderez601]

Our taxes are high enough right now we should all have healthcare... It's crazy.

[@l.j.r.8448]

Billionaires who own democrats and republicans don’t want it.

[@bogdanbogdan3462]

amazing how well Tom understands this.

[@anu1776]

isn’t this the guy who’s been wrong on his bitcoin predictions for the last decade?

[@Whowhatwherewhen5]

Ron Paul tried. Ron Paul tried Ron Paul tried to tell'em he tried to steer them right no one can help us now. But Ron Paul tried. Thanks I'm here all week

[@Doctormix]

What?

[@kynize641]

Peter Schiff is accurate and on point with his predictions. I've learned a lot from him over the years.

[@Sacrifice13]

Is this a re-upload or a new video?

[@MrIrish1]

It’s from the future

[@Al-yu6bq]

It´s a new video but they ask the same questions and they got the same answers, Nothing change from one year to another

[@legalfictionisfraud]

@@MrIrish1 very funny...

[@Sunflower-o4z]

Really good interview. Peter Schiff very informed, articulate and explains things well. I know people hate on him because of his stance against bitcoin but at least he has clear reasons why. Tom always asks good questions and listens well. I would suggest to not have all these strange closeups and camera movements. Also, as others have commented, stop with the repeats as though they are new and give the date of the interviews. It's a real turnoff to realize that it's an old interview. Not that this is the case with this one. As for Kamala Harris, she comes across as quite vacuous and can't seem to do anything on her own and without an older white guy by her side.

[@AnthonyJustice-i9x]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.

[@DebbieSimone]

Their ...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.

[@sole27ore]

Woah for real? I'm so excited. Brooke Miller strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started

[@SaadmaanShohid]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@fameswap-dq5eo]

I'm new at this, please how can I reach her?

[@AnthonyJustice-i9x]

She's always active on Whats~App...

[@lovemesomepollo]

Wow I finally understand inflation, very well explained Mr Schiff thank you!

[@Alphawolf55131]

Peter is SPOT on!!!

[@therealJayRoe]

Can I borrow your time machine?

[@legalfictionisfraud]

He is at his best here!!!!

[@davidallison1005]

When you register to vote, does the voters registration ask if you're a citizen?

[@Cynthia-mm1cv]

Our economy is facing challenges due to uncertainties, housing problems, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. The rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote economic recovery.

[@VanChuong-on2gh]

Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter

[@danielwise2081]

Peter isn’t wrong…during the hyperinflation years in Brazil, people stocked up on what they knew they needed…I’m an expat…I experienced it.

[@thatGuy-fr5nc]

From the comments provided, I fear that they just don't understand the level of trouble we are in now as to the economy. The economy will collapse. We're at over 35 trillion dollars in debt. Maybe the classical approach to economics would of been a better route. John Keynes economic model has failed.

[@davidallison1005]

I respect that Peter's first suggestion to combat inflation was just old school, tried and true advice for the everyday citizen...buy stuff in bulk that you know you'll need. This tickled the host who pressed Peter for his suggestion for those who are well off and Peter gave his honest reply. He is one of the few capitalists that actually understand wealth works best when the system is balanced and he cares about the little guy doing well just as much as himself.

[@thrust_fpv]

Nothing will be done until multi-millionaires start feeling the pain, we are still far away from that situation.

[@OOO-pc3nb]

AI Politicians - Replace brain dead politicians with AI politicians.

[@microfarming8583]

No thanks

[@fromduskuntodawn]

Couldn’t get any worse.

[@AndreiShevtsov]

And let big tech run that AI? No thanks :)

[@fromduskuntodawn]

@@AndreiShevtsov my questions would be who gives it data, which data, and who does the prompting?

[@microfarming8583]

@fromduskuntodawn The same people that pushed lockdowns, mandates, surveillance state and the biggest wealth transfer to the elites in history.

[@kaylalucky]

Tom, is this a new video or an old one? I've clicked on many of your past videos and they were old and I don't really have time to go through it to find out whether it's an old or new video.

[@hide_and_go_sikh]

If it's greedy grocery stores qhat is her plan to fix it? Tax grocery stores Moreland take their greedy profits?

[@henrythegreatamerican8136]

No, you incentivize them to put the money back into the company rather than remove it from the business for personal stuff. The taxes only go into effect if the money is REMOVED from the business. This way the company and the economy grow together.

[@cdevidal]

Why were grocery stores less greedy during the business-friendly Trump years? 🤔

[@ianroskam5131]

Harris has said multiple times that her solution for high prices is communist style price fixing.

[@l.j.r.8448]

@@henrythegreatamerican8136corporations don’t need incentives. People do.

[@l.j.r.8448]

@@cdevidalYou mean when Trump was borrowing trillions, before Covid?

[@BernardMcCarty]

In the U.S. economy, a significant portion of the money in circulation is created by private banks through the issuance of loans. Estimates suggest that around 80% to 90% of the money supply in modern economies is created by commercial banks when they issue loans. This process occurs through fractional reserve banking, where banks are required to hold only a fraction of their deposits in reserve, allowing them to lend out the majority and thereby create new money. The remaining portion of the money supply is created by the central bank (in the U.S., the Federal Reserve) in the form of physical currency and reserves held by commercial banks.

[@darrelleffingeez]

Zbiotics is a genius for sponsoring any economics show that features Peter schiff

[@RiversideInsight]

Great to have Peter back on the show, what an EPIC source of pure truth bombs, this is amazing.

[@dallaslooksmaxxer3505]

Peter Schiff is like the Uncle you never liked... but the Uncle you always know you needed

[@TheLethargicAge]

How old is this interview?

[@Trigg_arte]

New.

[@WalterMangandid]

Peter tells it like it is. Easy to understand. One can question his arguments, but they hold water nonetheless.

[@wavymcfly]

LOVE PETER SCHIFF!

[@prestonmartin3756]

Why does Peter say the dollar has no value other than belief when gold is exactly the same? He pushes it because he’s heavy in gold. But it’s a weak metal that’s shiny. It has no actual value and seemingly an infinite supply, similar to diamonds, the only reason its value goes up is because people like him. If it came out tomorrow that the larger gold deposit known to man is discovered, it plummets

[@stuartmckenzie8095]

Peter makes a lot of sense for a wealthy man. He basically is telling us default on the debt and hit the rich peoples pockets for once.

[@Robert-fx3ng]

Doesn’t the teacher’s and firefighters retirement fund keep 60% in stock and 40% in bonds. The retirement funds and 401k accounts of regular middle class workers are in bonds. The ultra rich own businesses. Image being a 62 year old firefighter with worn out knees and a bad back from decades of work to suddenly lose 40% of your retirement.

[@stuartmckenzie8095]

@@Robert-fx3ng fair point, unfortunately sadly I believe these pension funds will get destroyed by the 1% club in the near future, but I do take your point, my direction was merely to the 1% club who never seem to suffer, the reality is it’s all a rigged game economics is nothing more than a smokescreen to slavery of the masses.

[@igorfeldman7]

I like how your videos start off right away

[@103first]

deflation inbound

[@tck7394]

for a wee while, then stagflation

[@user-mf8ok2if3w]

I feel a little sad, just saw a comment from 3 years ago about how that channel lift someone out of his anxiety and depresive episode to live a more mindfull and fullfilling life. Now its a tool to feed the very thing it was trying to fight.

[@ski8799]

This is a bit overdone, I got it, the fed printing and printing is causing the macro economic collapse but there is nothing that us commoners can do. Individually, I am consuming less, I don't need all of this crap anyways, I'm happier with downsizing and consuming less, enjoying simple pleasures outdoors is more fulfilling than working a second job to make my Tesla car payment...lol.

[@chelleb3055]

This is the best attitude to have. We've spent the last six years planting a food forest and cutting way back on frivolous spending. We totally shifted our paradigm. It feels great and now we have way less stress about what might happen!

[@technom3598]

It's not overdone. Everything else you said is accurate... But it's definitely not overdone

[@ski8799]

@@technom3598 there’s just nothing to do about it, we hear it daily but to no utility…

[@WorkhardHDLBTC]

I think thats what they want you to do. Own nothing and be happy with it. They own all the shit you don’t “need”.

[@ski8799]

@@WorkhardHDLBTC you're probably right, they are cultivating the resignation within me and many sheep like me as well...

[@stevesedio1656]

The second thing that increases the money supply is, money borrowed into existence. To increase that: Lower the interest rates, increase borrowing. Decrease / eliminate the need for capital reserves, increasing how much a institution can loan, 10% - 10times deposits, 3% - 33 times deposits. Allow loans to be used as capital reserves (mortgage backed securities)

[@semihibernation]

Man i always appreciated toms vision to use narrative and stories to spread awareness of growth mindset. The channel has become full doomer. I guess thats what the algo demands now?

[@Nonbleachedblonde-dv3jk]

Tom has an agenda…check him out. He can stop saying he’s isn’t political

[@semihibernation]

​@@Nonbleachedblonde-dv3jk definitely agree with you. It's just too bad it's become so transparent . I liked his channel a lot more before. At least there was a facade of idealism and positivity, a hopefully and empowering message.

[@legalfictionisfraud]

The truth Hurts.. This is peter at his Best... The information in this video with TOM is the most lucid and spot on I've ever seen and listened too...

[@Nonbleachedblonde-dv3jk]

@@legalfictionisfraud since no one can live in the future. He knows little to nothing. What hurts is a sea of disinformation and doomsday rhetoric

[@legalfictionisfraud]

@@Nonbleachedblonde-dv3jk The doomsday rhetoric I am afraid is warranted? Why? because what is going on is going to hurt millions of people in a heartbeat... overnight probably... but its going on in slow motion.... That is what makes this whole situation extremely dangerous..

[@Robert-fx3ng]

California is passing a law to give ‘undocumented immigrants” up to $150k to help with a down payment on a home. This isn’t a loan, there is zero interest, & unless you sell the home, you never have to pay it back.

[@zorandragas8819]

I'm unsubscribing! If you have a guest that you ask for proof of statement, and guest just repeat "we know its true", video should never be uploaded

[@Robert-fx3ng]

End free speech, I don’t want to hear any views that I disagree with.

[@zorandragas8819]

@@Robert-fx3ng Free speech is not the same as stating lies as facts. I'm not American and don't care who wins. watched video not knowing what is about, but half way through when someone is avoiding an answer to legitimate question is red flag for lies regardless of the topic or side, and reduces value of entire conversation. Also Free speech works both ways and I have the right to disagree and call out obvious lies. Actually I'm rooting for Trump, we will get much better stand-up shows for years to come

[@Robert-fx3ng]

@@zorandragas8819 lies are protected by free speech. You do have the right to talk. I wasn’t asking for your silence. It seemed like you were demanding Peter be cancelled and the video never to be uploaded.

[@zorandragas8819]

@@Robert-fx3ng Not demanding anything, reason for my comment was not Peter but Tom for not sticking to get an answer to his question, instead he acted like his mind was blown away by missdirecting .... tu indulge the guest. He did coment in his other video that both presedencies were both each as bad as the other, I just wish he told them to their faces. I'm used to watching this channel cause gusts provide informative and learning experiences, guests who provide references as part of natural conversation, without need to be asked. I've unsubscribed cause I'm not interested in polical advertisement.

[@Robert-fx3ng]

@@zorandragas8819 it seemed to me that Tom frequently disagreed with Peter but would allow his guest to often completely answer the question without interrupting. Again I will quote your first statement “video should never be uploaded” which isn’t the same as “I’ve unsubscribed cause I am not interested”. I definitely understand your choice to unsubscribe or not spend your time on things you don’t support. Demanding anything be cancelled or silence isn’t free speech. If you want me to vote against Trump allow him to say stupid stuff in public. If you want me to support a Trump, try to outlaw free speech.

[@lundden]

Thank you for finally noticing the topics that have kept me depressed about the state of humanity for 20 years.

[@cherielacroix3046]

Billionaire bullshitting! No more watching your show!

[@tck7394]

who is the billionaire you're referring to?

[@Fischar99]

I don't think I've ever learned this much from a YT video before in history.. 😊

[@user-im6fy4qp6m]

schiff is a good teacher and he knows his stuff. he knows history and how it ties into economics

[@angelosenteio]

It’s always interesting to hear someone speak negatively about a system he’s benefited from and at the same time advocating for ending it and making the people that have benefited the least to suffer the most by ending it. Put another way, you can’t cut programs that were created to benefit the masses because those programs are a byproduct of the system that benefits the people at the top. Making cuts doesn’t just hurt politicians it undermines the foundation that human organization is built on, mutual benefit.

[@brazilstreets7955]

The Schiff is about to hit the fan… when that happens it will be a real Schiff show…

[@pauljamieson803]

So question, why do we see large businesses making huge profits? If the prices of everything are so high, should their profits not be someone flat?

[@trevorwells8407]

The definition of inflation is not the increase in the money supply, it's the increase in consumer goods and asset prices, etc. The increase in the money supply is inflationary, especially when economic output cannot keep the pace of the increasing supply of money in the domestic economy, but it is not in it of itself inflationary and much less the definition of inflation

[@harpyeagle5814]

If the increase in money supply isn't the cause of the increased price of things, then what is?

[@trevorwells8407]

@@harpyeagle5814 two points - this video states that inflation is defined as the increase in money supply, so I was pointing out that it is not. Second point, and answer to your question is, the increase in money supply PLUS stagnant or decreasing economic output. Competition is what keeps prices low during a booming economy, so if output slows and money supply increases, then yes, you naturally get inflation. More money units in the economy doesn't automatically cause inflation, in fact, it could cause deflation if those money units trigger more competition in the marketplace. Debt-based fiat currency operates differently for this reason, watch George Gammon at Rebel Capitalist to learn more

[@wazup3333]

11:25 that's not true because we live in a oligarchy where corporations have monopolies on food and consumer goods...

[@corylair3947]

I once heard someone says that people think we’re in a recession, but they know that the government doesn’t want to admit it because it makes them look weak. I think that’s the general consensus with the public and I think it’s not just right or left. You might have people on the left saying we’re not in a recession you have the right saying we are, but I think that’s politics at that point if the right was in charge and we were in a recession they would say we’re not in a recession, just add another question. Should we trust our politics when the answers staring right in front of our face meanwhile, the politicians don’t trust your deceiving eyes. It’s just getting ridiculous at this point.

[@richardgreenwood6474]

In CA voter regissration is automatic when you get a CA driver license or ID.

[@greyfoxice]

No private company wants to build factories in the US because taxes are too high, labor laws are impossible to deal with and regulations are thicker than malassas.

[@joe-buchberger]

So if the prices rise that high soon all unnecessary services that people usually use will not be bought.That especially breaks the neck of business depending on constant loan and small business that recently were built on loan and then imagine the businesses that depend on these businesses or thst are built on top of them.Its like a house of cards going down

[@DANJEDI]

Peter Shiff with gift of the economic Forcast..Knowledgeable 👍 Invest in Gold ..Makes sense

[@taylordaine3881]

I don’t agree with everything Peter Schiff says, but he’s probably 98% right about what’s happening and how to “fix” it.

[@gregorygreene1940]

At this point Schiff is the perfect content for KZbinrs. He's been saying the same thing for ages so you really don't have to create a new interview just replay the old ones.

[@Highcaloriegrappling]

Inflation does cause the price of goods to rise. If 10 people want to buy bread and they all have 1 dollar, the bread will cost a dollar. If you double the money supply,- everyone now has 2 dollars - the price of bread will double. While this is a simplistic example, it's exactly how our system is built.