We're about to suffer worse than I thought.

Peter Schiff explains where the opportunities can be found in the unfolding financial crisis. Recorded at the January 2021 Virtual Money Show. #PeterSchiff #2021 #money
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[@gfdthree1]

"The urge to save humanity is almost always a false front for the urge to rule."

[@internaltissues5648]

Ellsworth Toohey reincarnated

[@user-oy9zy4ds9m]

The only people with the steel nerves to become a successful politician are wolves in sheep’s clothing. That’s why everything’s fucked up and always will be. Sure a few good ones get in here and there but they get eaten or corrupted by the rest of them eventually. Don’t rely on politicians to help you. You can rely on them to screw you over though

[@VenturiLife]

There's no such thing as altruism....

[@gfdthree1]

@@user-oy9zy4ds9m It's less of an us vs them scenario, and more about an honest look into human nature. Politics of today is still a competition for resources, still an evolutionary event.

[@Eye_Radiate_Light]

Only in the eyes of the corrupt

[@mikevan6518]

“A government that no longer fears its people Is a government that has out-lived its purpose.” ---------->(President Thomas Jefferson, 1809)

[@citrusblast4372]

They do fear us, did u see how the capitol evacuated because they saw smoke that came from a hobo den? They have a guilty conscience, they know they are thieves

[@chokin78]

@Lisa I think Andrew Jackson did well too a few years later...

[@ArcanePath360]

We need a Jefferson now. Unfortunately they don't exist in a world that would refuse to recognize the genius of common sense.

[@jacksparrow3025]

@@ArcanePath360 If we got a Jefferson they would impeach him because he's not part of the super elite that are getting rich off of inside trading and selling out to other countries. They would keep him hog tied in lawsuits until the end of his term.

[@ArcanePath360]

@@jacksparrow3025 Yeah, all sounds familiar :)

[@williambledsoe2940]

A Government Powerful enough to give you everything you need, is also powerful enough to take everything you have!

[@caob1876]

there's no alternative. Man cannot live on his own, that's why you should vote competent virtuous people into office. Republicans vote in the most corrupt, unqualified idiots into government and then fucking complain about government lol. Bernie and warren ahve wrote books on how to solve the issues we're having but hey man....orange man says he'll win bigly.

[@joeym2197]

@@caob1876 damn son you got chronic TDS 🤣 Trump is gone has nothing to do with what the OP commented. Nobody cares about Bernie or Pocahontas either

[@tudogeo7061]

@@caob1876 who was the last virtuous man dems put in office? Those two clowns of yours writing some dubious books proves nothing.

[@mechanicallycreative9788]

@@caob1876 Hahaha.

[@mechanicallycreative9788]

@@joeym2197 You should thank him he just woke 5 more people up, just not exactly how he imagined.

[@individualistjoe3688]

Only 2 differences between gangs and governments : 1. Size 2. Discipline

[@antoineroquentin2852]

well gangs have members that always gangbang their sets and kill opposing gang members, they participate in human trafficking , im not sure if you know this but they also torture people for snitching, they also inhumanely rape women. Im not sure if governments do any of this?

[@individualistjoe3688]

@@antoineroquentin2852 let me introduce the government's very own C.I.A _ Central Intelligence Agency

[@benjaminchartier6458]

@@antoineroquentin2852 yes,they do.

[@majorkee3001]

@@antoineroquentin2852 ya search edward snowden, you have a lot to learn my friend 😂 mans been in hiding for years cause he told everyone the NSA is spying on every single american

[@manlikemb6226]

@@antoineroquentin2852 MK Ultra? Abu Ghraib?

[@isaacbarrett9212]

If you can't see the inflation when you buy groceries you're not paying attention. Also take into consideration smaller product/ portion sizes. That's the way they are trying to hide it.

[@keeganwebster3419]

Most people can't because prices aren't going up a crazy amount but the size and portions of the products are getting smaller which is also a sign of inflation. PepsiCo, Quakers, Kelloggs, General Mills are all companies that have reduced the amounts in there products and are forecasted to do it again from what I've been told next year as well. But the prices are going up but I think a bigger underlining inflation is in the reduction in the products people get because it is the least obvious.

[@msgmak1379]

Not surprising. A lot of oblivious people out there these days. They don't even believe their own eyes.

[@zipzibton94]

@@keeganwebster3419 that is good less calories HAHAHA

[@danmiller2940]

Especially with cereal.

[@keeganwebster3419]

@@danmiller2940 Ya cereal is a complete waste of money. Honey nut Cheerios taste good but have absolutely nothing to them. ha

[@thomasdangerpowers]

" A friend with weed is a friend indeed but a friend with gold is the best I'm told" - Leaprecaun

[@jamiejones642]

😎

[@rexmundi273]

At least you can smoke weed.

[@michaelbrawner4754]

Thank you! I needed that! Made my day

[@dogzer]

And a friend with bitcoin needs a kick in the groin

[@Lawliet734]

@Stealth "...Leaprecaun [Leprechaun.]"

[@uncletookie9102]

He's concerned about debt while all of us patriots are concerned with how the Pakistani Gender Studies are going.

[@garyfrancis6193]

Right on. That keeps me awake at night.

[@dondesnoo1771]

They better think about democracy here we're heading commie .🤗

[@stephenpowstinger733]

Do it detect a little sarcasm?

[@KuriousKi77y]

No shit! LMAO! Can't afford to get a tooth pulled without being forced to take their covid swab. But welfares passing out castration and free vaginas.

[@mucharejo1guacharacas915]

@@alexledezia3675 let them settle their own matter themselves, and lets us do our own thing. thats patriotism.

[@stoltobot]

“That’s a problem for future Homer” - Homer Simpson

[@neon8514]

..or in this case, future Homer's children.

[@anotherguy3554]

*pun intended

[@LibertyDIY]

"Asking government to report inflation is like asking mafia to report on crime." I actually laughed out loud he should try a comedy routine

[@martinmarier4495]

Excellent!! Thanks!!

[@RedPillGrimReaper]

He actually did do a standup routine in a comedy club a while back. Look it up, it’s pretty good!

[@alphatau87]

Peter already has! Google/KZbin Peter Schiff stand-up! 😉

[@factitiously]

As an aside, does anyone here know where I can find Trump's deleted tweets from the capitol riots day? People are claiming they incited the violence, so I want to read them for myself.

[@bicstic8]

@@RedPillGrimReaper peter STIFF hahaha

[@aquatrax123]

The sad thing is this is commonsense.

[@hunterchenault801]

@Idread & no one tells the truth except him. Modern day Galileo

[@rtquest22]

Better dismantle social security, Medicare and Medicaid and shrink govt

[@johntrueconservative2547]

So true I just sent this video to a friend of mine and said “common sense with Peter Schiff” To bad common sense is not so common anymore!!

[@thatflywelshguy9662]

@Idread Its already happening if you actually watch what's going on behind the curtain. Repo market crash, fed buying mortgage backed securities, junk bonds and corporate debt and interest rates at zero with no ability to raise them. All the while China is building the belt and road initiative which will force the majority of the world to switch to Chinese Juan. Check out George Gammon. The Fed is running out of options and other countries are starting to see the cracks in the US foundation

[@davehooper6481]

Not common enough

[@jameshefley6841]

My little sister used to my ask my father to buy her something.. My dad would say I don’t have the money... My little sister would say , Just write a check daddy. Lol I think that’s the mentality that many have today. Lol

[@mjschoensee93]

Your sister is in charge of the White House

[@charityabraham7001]

Haha...kids...I use to say the same thing... My son told me when he was 6 years old "just go to one of those machines you get money out of" 😆 Your comment brought back memories 😆

[@deltaxcd]

I think your father was a bit dumb if he did not explain her how things work.

[@rdg760jr2]

@@deltaxcd to a child? Really? A child wouldn't understand the concept of money, even if the father would to tell her about the concept of money, that child would forget about it quickly

[@deltaxcd]

@@rdg760jr2 well, you can explain that you get money by suffering and pain by doing things you hate, not that hard to explain. children will be understanding it more on the emotional level copying emotion of their parents if you show great discomfort when you need to spend money and also show big pleasure when you get paid and preserve it the child will also understand that making you spend it is not a good idea. If chid does not see any discomfort in their parents when they spend money he will also assume that it is nothing special.

[@picasso9911]

Money will never be paid back by tax payers. That’s the fallacy. Either inflated away or defaulted on.

[@paulholterhaus7084]

The Govt. way.......inflate it away........Paul

[@NUCLEARARMAMENT]

@ARTOFMUSIC There is somewhere between 100 and 150 trillion in outstanding debts owed between private and public interests in the US alone, if not more, and that range of figures does not include the 150 trillion or more in unfunded or underfunded liabilities. The total supply of US dollars (according to M3 broad base monetary measurement) in the US alone is slightly less than $20 trillion as of the end of 2020. The federal government's public debt alone is around $30 trillion, which is $10 trillion more than all of the money currently in supply according to the M3 measurement.

[@ifyouvote.5005]

Peter's father was an amazing man, the Washington Mafia, murdered him. I hope he's at peace. America is a republic, a banana republic.

[@pedrogorilla483]

What did he do?

[@frederickmuhlbauer9477]

@@pedrogorilla483 He was a tax protester and went to prison for it

[@ricomajestic]

Full of banana repiblicans.

[@ifyouvote.5005]

@@ricomajestic Vote Joey get Donnie vote Donnie get Joey.

[@frederickmuhlbauer9477]

@@ifyouvote.5005 Same crap different day as Celente says

[@catladynj]

Wake up people, this man speaks the truth

[@Macheako]

Yea....HIS truth 😂

[@Tommy_7178]

@@Macheako what do you disagree with?

[@daebak7370]

Agents of satan planning to crash economy to introduce digital currency using mind control rfid chip implants. Endtimes prophecy is being fulfilled. We are lving out book of revelations. Jesus christ is coming back for the rapture(this decade) Millions of true born again christians all babies and small children under age of accountability will suddenly vanish from the earth. Dont get left behind from rapture to face great tribulation coming to earth. America will be nuked and invaded by russia and china in near future to usher in new world order. Nwo beast system led by antichrist obama and false prophet pope francis ready to take over after rapture. Dont believe the coming massive deception of alien abduction explanation for rapture from obama. Fema concentration camps will be activated around the world post rapture. Refuse coming vaccine and rfid chip implant aka mark of beast at all costs.

[@sitrepnews]

@@daebak7370 I think you've gone too deep. But you got the right direction :D

[@Tommy_7178]

@Nick Tubber whats not happening?

[@brittnyrv5087]

"Government lives off the productivity of the working sector" bingo

[@mistert6552]

I think the middle class needs to go on strike.

[@slowridefpv9668]

Peters videos age extremely well.

[@brjones27]

Can you do a video on the Great Reset? World Economic Forum: "You will own nothing, and you'll be happy."

[@v1c5an6]

Yup, government creating the problem that government will solve

[@goodwillwin3664]

That looks like the new world order

[@brjones27]

@@goodwillwin3664 Prob is, just changed the name.

[@Scott-tm9ml]

@@brjones27 look at his hands when he has them on the table. He is part of a secret society.

[@brjones27]

@@Scott-tm9ml They're on the table the whole time. I dont get it.

[@UltimateBargains]

*"It may look like a crisis, but it's only the end of an illusion." -- Gerald Weinberg*

[@carlton7015]

Or the beginning of a nightmare

[@mahatmadoo2566]

Or a window into your own reality created right here on earth. Into this world you were born into magic, and into this world was magic born.

[@boomerdoomer7534]

*Berg* .....

[@chineseslaves1971]

So true

[@arend050]

"Hell is truth seen to late"

[@MrMikahT]

Basically how Rome callapsed. Towards the end they were using fillers to make their coins. Sound familiar?

[@jamess9232]

That sound when a soldier dings a hollow coin on his helmet.

[@deltaxcd]

This is not how and why Rome collapsed It happened because slaves started to revolt and the government was forced to tax its citizens.

[@jeremyledbetter8022]

Rome never collapsed. Just changes it’s guise under different names. USA is the modern day Rome. We are all still under Roman Law. The Vatican and Jesuits rule over us

[@ryansimpson3074]

Correct. Although their were a few other variables involved in the Roman collapse you are definitely "right on the money"

[@vinniehuish3987]

@@deltaxcd Actually Rome collapsed because the goths sat outside the city for 3 years and the senate didn’t allow Rome to have an army in the city.

[@Noblyuntruthful]

History repeats every time knowledge is lost through generations

[@spartan4545]

Your coment was briliant . Thank you

[@BigPMaher]

This is the Peter Schiff school of economics and he is giving out a masterclass.

[@tonyh1345]

His school of economics has been around for a long time. It’s the Austrian school of economics. It was thrown out the window when the central banking cartel decided they wanted to take over the world with fiat money.

[@Jaredthedude1]

@@tonyh1345 it was never mainstream

[@daveforgot127]

I love Peter but he's been a doom and gloomer for so long. How do we know that this crash is going to happen around the corner. He said something similar in 2008 and I'm still waiting. But think of the money you would have made if I would have invested in a minute in 2007 all those years of aprox. 4 to 4% commissions on his mutual funds right. I wonder if he ever refunded some of those commissions?

[@daveforgot127]

Why doesnt Peter ever talk about the block velocity of money?

[@Skinnymoose]

@@daveforgot127 Relax, Peter has called 22 of the last 5 recessions.

[@Caleb_Spotz]

"Trusting the CPI would be like assuming the mafia is going to give you an accurate report on crime. If you hired the mafia to study crime, you wouldn't be surprised to hear there wasn't any and there was no need for more police." That was probably one of the best analogy's I've ever heard

[@StephenDoty84]

Yeah, and with online censorship now, imagine if Biden gets Google to block this kind of talk on the grounds that it "INCITES" mal-investment or hampers the government's ability to refinance its debt. They could stoop that low at the rate things are going.

[@papawx3]

Pete: The government IS the economy now. When rates turn negative, thats when you know we have arrived at the terminal stage. Can anybody tell me when was the last time rates have been this low, for this long of time? How about: NEVER. That right there should tell you something.

[@sleepystar1638]

Apparently in the past year weve printed 1/3 of the money that we have ever printed in our entire history, they are forcing the Great Reset.

[@malinoisnation9392]

@@sleepystar1638 that 1/3 was before the second stimulus package. It’s close to 60%

[@paulholterhaus7084]

Japan has been ooperating on negative interest for 20 Years......Other countries recently have also gone negative.......Do the research......Rates have declined steadily since 1981....Paul

[@sleepystar1638]

@@malinoisnation9392 thank you, i haven't been keeping up with it. Please be safe.

[@theWACKIIRAQI]

@@paulholterhaus7084 what makes you think that what works for Japan works for the US?

[@Frosth15]

A short summary: the government does not want deflation

[@aryankushwaha1964]

Nice one but we want more

[@FlyingMonkies325]

No they do but but they want to crash The Stock Market and they're doing it through America, right now they're in 2 Trillion debt and because of that they can't even pay it off... they can only put Interest Rates to 2% now so they can't pay it off using higher Interest Rates either like they could do after the 1980s Crash, under Biden as soon as he prints another 7/8 Trillion The Stock Market is gonna majorly crash obliterating our current Global System and i'm scared for peoples Pension if that will be used to pay for the crash... They say they don't want a crash as bad as 1929/1930s but i'm not sure i believe them at this point... and then afterwards for other surrounding countries it will push inflation up even more and at this rate we're gonna end up paying £100 here in The UK for a full grocery shop it's £85 right now and no looking like it's slowing down...

[@johnwilliams8353]

So for all the sheep he is telling you America is a failed country and he is correct.

[@ChrisGilliamOffGrid]

@@johnwilliams8353 Nope. America is fine. Stop watching fear porn.

[@FlyingMonkies325]

@Cheryl Jensen Well there's no need to tax tax tax when we switch over to Digital Money which everyone is gonna do VERY soon like 167 banks are closing until March here in The UK so that means more Bank Machines taken out. China, Sweden and India now already use Digital Money they were the first and then we The UK sounds like we'll be next and then Businesses can't avoid paying their taxes anymore and that's part of the main reason why the world is in so much Financial Debt, we already pay for a lot of things Digitally too especially our Bills that's all been put online, they won't be able to print money once everyone switches too soo... How can they create more money? i think through Digital Loans but then it's like this money is coming out of thin air then and Borrowing or Loans just null themselves.

[@jrdeckard3317]

I'll just steal what I need, since criminals aren't jailed any longer.

[@allhopeabandon7831]

I hope you're a poc...

[@brjones27]

I wouldn't if you're a white male. They're actively working to change racial inequity in prisons.

[@CC-bq7wk]

You'll be fine. But if you are out and about and give someone COVID by mistake you can be jailed.... But kill someone you get a pass....

[@dictionarypictionary9872]

they are jailed it's called 'the city'.

[@sdr262]

Awoman to that

[@denismijatovic1239]

Peter Schiff comparing the government to the mafia. Like father, like son. That's a compliment.

[@westcoaststacker569]

He is insulting the mafia.

[@christansewell2135]

😭😭

[@peterschroeder6665]

Government is not like the mafia. With the mafia they allow you to negotiate they have a method of conduct. Governments change and reneg breaking promises all the time.

[@FazeParticles]

@@peterschroeder6665 yup.

[@monsterous289]

It's almost as if Peter makes 10s of millions off of poor suckers who listen to his failed economic outlooks and shallow regurgitated talking points for decades... Almost as if the deflationary forces have nearly wiped out the inflationary forces if not for money printing. Velocity of money has crashed since the mid 90s for example, technology is exponentially improving, etc, hence why interest rates are so low (not due to manipulation you dum dums) fred.stlouisfed.org/series/M2V

[@Sadness57]

You’ll be alright Peter, you’ve made your money, and I’m sure you knew how to hold onto it. Now tell us WTF. To do

[@inhalefarts]

If they achieve the "great reset", even people like peter probably wouldn't be safe. Their message to the world in one o their videos regarding their prediction from 10 years from now was that "you'll own nothing, and you'll be happy". They're (the World Economic Forum) is pushing this narrative globally right now it's not some tinfoil hat thing.

[@nickbacon8292]

@@inhalefarts never has been a tin foil hat thing, just like 98% of all "conspiracy"...just no way to negate it's happening now.

[@deltaxcd]

Great reset will not happen this time and if it will happen it will be too great to survive for western civilization. Socialism is coming and everything you accumulated over generation will be taken away (in form of tax most likely) Gold is also going down in the long run

[@deltaxcd]

@@jaredroussel Gold is going down because it is a way how people accumulate funds for a rainy day, and that rainy day has come. Bitcoin is also to crash at some time because it is a Ponzi scheme. It is extremely overpriced and unlike gold it has absolutely no real value. All those things are nothing else than scams designed to sterilize money and prevent inflation. the reason why we don't have inflation is because people throw all money into gold stock bitcoin rather than spending it in the real things and raising ther price.

[@deltaxcd]

@@jaredroussel It is all doom gloom because we are experiencing the biggest economic crisis in human history. But either way, you should look at the fundamental issues, people buy gold bitcoin, and any other "investments" when they have money and sell them when they need that money back. the entire idea of "hedge against currency devaluation and price inflation." is that you somehow transfer your current wealth into the future when you will convert it back into some kind of product. it makes no sense to hold gold forever because you can bring it to your grave. So either way, all those things have to be sold someday and the only question is when. The fact that there is a limit to how much bitcoin can be generated is nothing good because there is no system to equalize users. we have a ridiculous situation when early adopters own pretty much all supply that exists and novices have no hope to accumulate anything significant ever. A similar problem happens in the real world where 1% own 99% of all assets and the rest have no hope to get anything. Novices that enter this system have no incentive to even bother with anything because there have no chance to compete and this is why the system is going to crash and prices will go down because nobody will be buying anything. Rich people already converted all their money into gold and other speculative assets poor people have no money to spend on such stuff. so to whom you are going to sell your gold if you need money again? Who has money to buy it?

[@daniellerae1716]

Of coarse they know this. It’s Done on Purpose. They know Eactly what their doing.

[@dariocastro-lopez3589]

No, it's just the politicians only think within the next term limit, they are voted in based on how good they look to their voters, not on wether or not they make good decisions long term. Just like social security, they spend the money, cause by the time they have to pay they will be out of office.

[@mrleafbeef634]

@@dariocastro-lopez3589 the sheeples are voting in a socialist government let alone the globalist corporations wanting socialism. And bread crumb stimulus. The dollar is gonna crash hard.

[@mrleafbeef634]

Need it backed by gold now!!!!

[@jennysroad]

@@based__potato That's all you picked up on? Course* Exactly*

[@Cpthilton]

The problem here is too much common sense; doesn't Peter know they stopped using common sense a long time ago? We're in Bizzaro world, baby!

[@alienlifeform7490]

Too many mentally ill people in power. That's the biggest problem. They could care less about the "pee-ons".

[@edwardblake1407]

@@alienlifeform7490 if you were george bush jr. And youre driving by a guy at a bus stop. Is he equal to George in George's opinion? Is George gonna say "im a lucky guy. Ive never had a "dream car" i always a car. That i bought. That i wanted. And I did it pretty much as soon as I wanted it." Desires for george dont last long enough to become a "dream home or dream car' because he just acquires those things right away. Try calling the police on a person like this. The 911 dispatcher will be like "uhh you saw a body going into this house? Sir.. that is george bush jrs house. This number is for emergencies only. -click- It doesn't matter if you ACTUALLY SAW SOMETHING. They won't believe you. These people are shown every day of their lives that they are special. Superior. And live a special and big life. When they see someone at a bus stop. They dont see it as another human like them. They see it as a co.ckroach slave that knows nothing. It's his world. You just work here. Thats how they think. They have sick minds from the se.xual deviance they get into. And it starts before they're 18. And it gets sicker.. and sicker... and sicker. The older they get. Thats just their se.xual perversion from they decadent lives full of gluttony and over indulgence

[@jjonxx]

"Common Sense" Just isn't that common anymore, It is more rare these days than the precious metals

[@craigboden2435]

"welcome to the apocalypse baby" Doc, znation 😂

[@SPACED87]

An inverted world

[@MeetKevin]

I think we need a Meet Kevin meets Peter Schiff podcast!!

[@pragrawal1234]

hey bro! fan here .. love your vids.

[@matcabliii]

Gold Digger lol

[@ssoffshore5111]

Don't you have a stimulus video to make Kevin???

[@eriks2846]

YES!

[@jerrythebaum4388]

Who are you?

[@ramlange]

“If you think the cpi is giving you a accurate read on inflation that would be like assuming the mafia’s giving you a accurate report on crime” I see what you did there 😉 14:50

[@myrazoe3918]

Every bitcoin investor right now is just smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good ROI. More persons are gonna become millionaires and we have bitcoin thanks for that

[@zoeyviktoria7914]

I agree on your opinion man generally I always look out for it to dump so I can purchase some more truly it has come to stay

[@michaelsdombrowski7044]

What's really the idea behind this bitcoin investment anyway, cause all I do is to buy when it falls and sell when it goes high

[@rexburg3890]

Bitcoin investment just like every other form of speculative investment where you trade commodities to determine which gain or losses against another in other to make profit just like in forex trading

[@oliveralexande6205]

Relating bitcoin investment to forex trading definitely means there are risk involved and just how do you appropriate risk measures

[@kanhasaatvik4851]

@@oliveralexande6205 :Offcourse, in bitcoin investment suitable risk management is aimed at reducing the loss rate thereby giving you the better chance to win your trade to ensure good ROI

[@kdanagger6894]

Printing money and handing it out fixes nothing. If you don't make stuff - there is no stuff. - Elon Musk

[@steykalvergagrande1064]

The same guy who gets lots of free money for non-competitive cars? hhs

[@steykalvergagrande1064]

GAAAAAAA haha

[@FullPictureMedia]

@@steykalvergagrande1064 Yeah the 2nd richest man in the world is an idiot, you’re the true genius..

[@david50665]

there is no shortage stuff given globalization and automation...supply is basically infinite...only shortage of money

[@777lucifero]

or just any 1st year economic student of any type.... every person with a pinch of economic knowledge knows money is just paper (or a click), it is nothing without a production counter-value.

[@JTDyer21]

What makes this mess even worse is wages don't keep up with the cost of living.

[@NickMart1985]

Imagine how high inflation would be if wages kept pace with the cost of college and healthcare. Ribeye would be 5x what it was in 2010, and housing would have doubled. The primary driver of consumer goods inflation remaining relatively low over the last two decades are low wages.

[@JTDyer21]

@@NickMart1985, the cost of living continues to go up. Wages are stagnant. Your theory doesn't hold water. If it did, cost of living would stay low since wages are low.

[@NickMart1985]

@@JTDyer21 The price of food has hardly budged relative to "financialized" services like school and housing. In fact, there is real deflation in many sectors. Entertainment being one of them.

[@JTDyer21]

@@NickMart1985, apparently you haven't been to the grocery store lately. Groceries are outrageous. $100 used to buy a cart full. Not your lucky to get 1/3 of a cart.

[@NickMart1985]

@@JTDyer21 You're right, I dont eat. I'm trans-food.

[@itsmebatman]

Watching this a year later is almost like listening to a fucking prophet. Peter, you are a genius.

[@joshuahuman8442]

It’s ironic. He’s been saying this since 2009, even wrote a book. But he’s still right. Very bright guy.

[@conduit242]

When is someone “right” then? History is littered with charlatans who made their money with open-ended “forecasts”

[@habbibisfamilia6258]

@@conduit242 I recently started watching this man n I feel like u are right but not with Peter Schiff this man to me is someone who only wants a better economy because a better economy is a more longterm sustainable and prosperous thing but what do I know just gona keep watching more of him

[@craigrinzema5359]

Ever since 2011, when I was in college, this guy was sounding the alarms about how the economy was about to collapse. I bought it hook line and sinker. My only advice is, it always feels like "RIGHT NOW, EXACTLY NOW, IS THE END OF THE ECONOMY!!!" And in 5 years, It will feel the same way. and in 10 years, it will feel the same way. And in 15 years, it will feel the same way. Don't live life thinking the economy will collapse, live life like your two hands can build and grow something. This guy makes money making you feel emotionally compelled he's the prophet of your survival. Don't waste 10 years listening to this guy. Do or make something IRL. Like start a business when everyone is telling you the sky is falling.

[@yazdon7301]

Amen. This guy does typical sales man pitch. Make you emotional then talk about his hedge fund and how he can save us. what an ass. if dollars about to fail, why should I hand it over to you ?

[@neverbackdown1918]

@@yazdon7301 lmao seriously. Complete phony this guy is.

[@MikaelMikaelMikael]

It doesn't mean that he's been wrong. What the central banks have done in the last decade is unprecedented in human history. They are playing a really dangerous game. The economy should have collapsed already. We are living in really strange times. The eventual collapse will probably be the biggest in history. But it needs to happen eventually. Of course you need to live your life regardless, there's no point worrying about things you can't control. But you can be smart and prepare for different future scenarios in various ways. Just my two cents.

[@Andrewleto1]

So true he has been saying this for 12 years. Imagine how much he would have lost you if you would have listened to him in 2010 when he was preaching the same thing.

[@MikaelMikaelMikael]

@@lifeisshort2016 you are attacking the person, I was simply talking about the arguments presented in the video. He can still be right, even if the stuff he sells has been underperforming.

[@dustinmckennon]

I’m glad you’re showing your face. You will get more views that way. Thanks Peter!

[@jenniferanderson4441]

Yes, and he has agood face. He should show it more often.

[@gerardoesquivel9919]

Yes

[@williambledsoe2940]

To sum it all up, in a nutshell........."We're all screwed!"

[@Oneofakind123]

And F#ed. At the same time, simultaneously.

[@aaz1992]

Cyberpunk future is literally tomorrow

[@jodyguilbeaux8225]

as of nov 2020, the america we grew up in is now gone forever. it would take an act of god to bring it back. so, we are all screwed.

[@xapemanx]

How is the debt supposed to be paid off when more is asked back than even exists.

[@thatisabsolutelykooooge2211]

Because money is debt. Money doesn’t come in the form of grants from the govt level which trickles down to banks. It comes in the form of loans with interests owed. Wanna get really technical? Money comes from the word Credit. Credit comes from the word Credo, which means trust in Latin. Every wonder why it says “in god we TRUST”? on the bills? Yea...

[@jjjackson5183]

It isn't. These narcissists think the world has too many people. They have robotics, so most humans are "surplus population."

[@jjjackson5183]

@@thatisabsolutelykooooge2211 you are mistaken. Think all the way back. Money = effort and assets. Go back to simple trading (barter) and you will see this is true.

[@thatisabsolutelykooooge2211]

@@jjjackson5183 you’re just wrong. Simple.

[@jjjackson5183]

@@thatisabsolutelykooooge2211 don't you wish? Don't you wish money spouted out of rainbow unicorn horns and rained down on all the nice people? A large part of the problem is that the bankers have separated the worker from the wages and the goods from th3 actual value. You may not remember it being any other way, but I am old.

[@mpconstructs6048]

This video will get less then 50k views, meanwhile back at the Kardashians, the views are stacking up by the billions. Hence the problem😆😆😆😆

[@grandsoleil56]

Underrated comment

[@savagefist1029]

Unfortunately true. 😥

[@patrickt873]

It's ok... we are the 1% anyways... keep it that way

[@justinhumphries4674]

If they don't want to stay educated, let them learn. Trial and error.

[@atomant_7]

Exactly ! Many are more fixated into big ass assets .

[@dannyshallish-moore2785]

Peter that is the best talk you've ever given, very clear, logical and comprehensive - you're the best modern day economist out there! Well done

[@coreyham3753]

Schiff does make a number of great points. But he does not address a couple of key questions. 1) The rest of the world is printing money even faster and running up even more deficits than the US is. To wit Europe, Japan, and China and maybe Russia as well. These are the major alternative currencies to the US dollar. So one has to question how the US dollar will really crash given that it is a relative race to the bottom for all of the major currencies. Schiff needs to address the relative nature of currencies and the relative nature of national deficits.Furthermore, despite the near ZIRP in the US, other countries are even worse with effective negative interest rates on trillions in national debts. Such is also a factor that Schiff needs to address in talking about the crash of the US dollar. 2) Schiff talks about US inflation and the projected large rise in such over the coming months and years. Yet he fails to talk about the manipulation and reporting of real inflation is in the US and what it has been for quite some time now Is the CPI as reported by BLS even a remotely accurate measure of what real inflation is in the US. Remember that CPI has been reporting inflation in goods and services as approximately 1-2 percent annually for many years now. But alternative inflation measures such as ShadowStats or The Chapwood Index have been reporting real inflation in the 5-10 percent range for years now. One has to remember that the CPI definition of inflation is not the same definition of inflation that existed in the 1980-90 period. The BLS made significant changes to the definition of CPI inflation such as so called heuristic adjustments, substitution adjustments, qualitative adjustments, etc. And as a result CPI inflation is consistently reported as a number lower than it would previously have been. Nevertheless, one has to give Schiff great credit for calling inflation the tax that it really is on every american citizen and consumer. That is right on and something that every citizen needs to clearly understand. And secondly Schiff deserves great credit for calling out DEFLATION as the desired condition and most beneficial outcome for the vast majority of citizens. He does a decent job of explaining why in a few examples. But one wishes that he would explain that deflation is the natural outcome of real capitalism and real free market enterprise. This is so because market forces such as productivity, technology, innovation, competition, scale, trade, competitive advantage, etc lead to more and better goods and services over time by the productive sector. And as a natural outcome the quality of goods and services should and does rise, and the prices should fall. Sometimes it does, but often it does not ... especially in those sectors that have monopoly or quasi monopoly dominance or in areas like government controlled services. Think about healthcare as both a quasi monopoly plus government controlled good or service. Think about cable network quasi monopolies. Think about the military and never ending increasing costs. The list is very very extensive in the US economy. One gets very annoyed at the Federal Reserve and their persistent and false diatribe about the goal and need for never ending inflation. As Schiff rightly points out that is incorrect and not what is in the best interests of citizens or consumers. First of all the Federal Reserve does not have a mandate for inflation .... their mandate specifies "price stability". They have just falsely and essentially illegally converted that into a persistent goal and target of annual inflation. Secondly, the Federal Reserve is totally self serving of both themselves and the federal government (and corporate america and the banking industry) in terms of attempting to foster persistent inflation. One hopes that Schiff will address at some point some of these issues in his economic masterclass.

[@DarrinBentley]

Brother, we’ve been “about to be suffering worse than you thought” for YEARS now!

[@TheBikepackingNomad]

Zenos paradox, the suffering can always be worse

[@dominic9028]

I think that is his point, the longer this goes on the worse it will be when it happens.

[@DarrinBentley]

@@dominic9028 That’s only common sense. The people who have steadfastly followed his advice have left a ridiculous amount of money on the table.

[@dominic9028]

@@DarrinBentley who are these people? I've been with Euro Pacific for years and have done well.

[@drygordspellweaver8761]

The real precious metals will be LEAD and BRASS!

[@phoenixjones7191]

Why would lead and brass be worth anything

[@psyker4321]

​@@phoenixjones7191 Because there is a lot of communists that have to be dealt with

[@phoenixjones7191]

@@psyker4321 mate if they're richer than you they can buy more people with guns than you.

[@iwanagohome326]

@@psyker4321 Oh yes...bring out the 'communist' word and this will put the right fear into the brainwashed masses. How convenient

[@jodyguilbeaux8225]

haaaaaaaaaaaaaaa, reloads

[@posterlion]

The price of a pound of rib eye has doubled since 2010.

[@SafetyLucas]

Start a cattle ranch.

[@biffjones3952]

Rib eye's the best.

[@BanditHat]

@@SafetyLucas ask Bill Gates how

[@jorgeignaciolopezaparicio5260]

Read my comment.

[@DonnePlummer69]

I like filet mignon and t bone too. I don’t think those have double though...

[@chialiu2067]

Started to listen to Peter about 3 years ago and been accumulating gold and silver ever since.

[@goni9991]

where do u buy gold? where r u from

[@artofgarduno]

@@goni9991 apmex

[@chialiu2067]

@@goni9991 Scottsdale mint and liberty from Ebay

[@mitchgustafson3879]

Apmex. Or jmbullion. DO not buy off ebay. 85% of the time u get fake stuff

[@artofgarduno]

@@mitchgustafson3879 no its not

[@mikeajetunmobi]

"Cutting government spending" A fantasy

[@michaelmurphy7177]

Government spending will stop when no one accepts our dollars as pay, what can you buy with then?

[@finddeniro]

F - 35.. Down Down ?

[@stackinglittlesats]

Peter, when your not talking about bitcoin, it's nice to hear what you have to say.

[@stevemt3238]

"We are not in Kansas anymore." "Welcome to the real world."

[@johntrojan9653]

Spot on, Toto ! 😅

[@tomhanks8662]

I live in Kansas, and man...I had to take a loan to buy toilet paper and a t shirt to put on my back...It is really bad out hear

[@drmachinewerke1]

I’m in Missouri and watching this at 4:44 am Investments are up. Solar is my stock. Living good off of retirement. I just quit Amazon and Walmart along with other big stores. for buying. No longer will I purchase new clothing as much cheaper used. From now on I buy used if possible.

[@bengolfs1]

Brilliantly laid out, Peter. I wasted four years in college when I could have listened to you.

[@bartoszm652]

Seriously though.

[@dROUDebateMeCowards]

In 2007 he made the same prediction. With the same reasoning. It didn’t happen.

[@MrJackaquack]

Looking back 2 years later, it’s amazing how accurate he was. Peter was one of the first people to sound the alarm

[@dogetaxes8893]

Not really, inflation has been coming down for months now and the SnP is up from when this video was released. Schiff calls for inflation and the economy collapse pretty much every year.

[@mikehawk4856]

@@dogetaxes8893and now banks are failing. Fed will inflate even more

[@RazorOil]

“The roof is gone it’s just going to the sky”

[@nickgennady]

Like the billions going to Pakistan for gender studies.

[@rogerburn5132]

It is discusting what about the American people were is the money for them

[@AndyMH182]

Best way to rob the people blind is liberalism. Turn people into perverts and drug addicts and the banks are free to loot the nation. They did it here. They turned free speech from protecting political speech to pornography. Interesting how our rights are being twisted and distorted.

[@LibertarianRF]

30 million dollars I believe...but you're right

[@terrencesauve]

@@LibertarianRF 30M$ is pocket change for social studies and universities. Also think about the returns Packistan will receive from this investment. It's a "you do this I do that for you" situation.

[@LibertarianRF]

@@terrencesauve that's a big pocket lol

[@remibissonnette5752]

there are 1000's of language and this guy choose to speak facts

[@tonic.9530]

Peter explains concepts in such a clear manner. I learn so much from him

[@lisagreenwood2803]

Ezekiel 7:19 “They will throw their money in the streets, tossing it out like worthless trash. Their silver and gold won’t save them on that day of the LORD’s anger. It will neither satisfy nor feed them, for their greed can only trip them up, (causing them to stumble into sin.)

[@manoharbasantani8799]

@Erik Mikkelsaar self sufficient countries will survive India imports 80% of oil rest everything we make Software we Export a Lot Electric vehicles are taking of here that should bring down our oil imports

[@creativeflow952]

@Erik Mikkelsaar if i could give you the thumbs up 12 times I would have.. I stumbled upon a Venezuela documentary yrs ago and could not believe what happen to them not once but twice....

[@creativeflow952]

@lisa greenwood I just read this script the other day in a book im reading from a pastor about the fall of America.

[@lisagreenwood2803]

@@diyandimitrov5625 put your faith in Jesus Christ not man or the things of this world. It is soon to pass. God will provide your daily needs. Do you trust him at that?

[@karaa7595]

Nothing new under the sun...

[@c103110a]

REALITY CHECK: Even if the US Government ran a $1Trillion Budget SURPLUS each year, it would still take 30 years to pay off the debt.

[@Lgg42069]

Even longer you didn't account for interest

[@c103110a]

@@Lgg42069 I was just making a point.

[@scottward1002]

Why pAy it off... It’s a credit card... Make minimum payments.... Be like real Americans...

[@christophergreyson6953]

@@scottward1002 And use another credit card to pay for the other one and repeat to infinity.

[@SafetyLucas]

@@christophergreyson6953 If you owe someone 1000 dollars, you've got a problem. If you owe someone 30 trillion dollars, they've got a problem.

[@bosanac033]

Honey badger doesn't care.

[@joebloe4561]

Does Honey Badger own bitcoins?

[@maxlatour7912]

This video is by far one of the best Peter has ever produced

[@Oscar-fi1ev]

Peter Schiff has been saying that this is "right around the corner" for over 10 years.

[@marvin60000]

Well now it really is

[@marvin60000]

The U.S government printed a shit ton of money over the last year literally doubling the money supply.

[@dznuts123]

He’s right about the economy, but the market can be irrational longer than you can remain solvent, remember?

[@alexc521]

Actually what we’re seeing is economic stagflation the economy is stagnating like fuck and at the same time we are experiencing consumer price inflation.It’s the worst of both worlds the cash is scarce for us at the same time prices are increasing

[@tylerguitar75]

bingo, and most of the monetary printing is winding up in the real estate and stock markets, just making housing less affordable for instance. Thanks to "modern monetary theory"

[@gratenate4932]

We lost the ability to pay the interest $$$ without borrowing more $$$ a LONG time ago! PONZI. Ponzi. ponzi...

[@rogerburn5132]

Charls Ponzi will be proud of the Federal reserve

[@johntrojan9653]

Welcome to the world of Cryptocurrencies 🤗😋😋😍

[@phillipsanchez6313]

Look

[@frankvonfrauner]

@@johntrojan9653 why do you want every single one of your transactions to be tracked and permanently recorded?

[@johntrojan9653]

@@frankvonfrauner ¿¿?¿¿ What Telecommunication Spy Satellites won't pick up then Space Aliens surely will !. H.a.G.D. 🖖

[@mrceresa1]

I love listening to Peter Schiff! I disagree on crypto currencies, I’m heavily invested in them as well as some physical silver but always loved listening to The King of Gold. Schiff is the real deal!

[@CornerTalker]

The Robert Mugabe School of Economics

[@outbackeddie]

Outstanding. This was an entire college-level economics course in 37 minutes.

[@bc1885bc]

But they will not teach this in college, my daughter s economic teacher was a zombie, no common sense, no real world experience, awful and incongruent with reality

[@galenhaugh3158]

@@bc1885bc Same college that produced AOC?

[@johntrojan9653]

@@galenhaugh3158 Oooh, COLD (👍*)

[@johntrojan9653]

I had Micro and Macro Economics in JC - this is the first lecture that actuallly kept me awake.

[@outbackeddie]

@@galenhaugh3158 No, it was a clown college that produced AOC.

[@marygomez824]

Thank you Peter for explaining the sobering truth so clearly

[@dannydeal7552]

The next crash will make 1929 look like A Sandals resort in Jamaica.

[@zarathustraisbackagain5480]

@@sethrono6013 wouldn’t be surprised

[@aivaraspetrikas15]

aged like a fine wine

[@wolfgangk2824]

Peter Schiff explains the Titanic is sinking to the passengers of the Titanic. Good to know.

[@roberthodgson3574]

Wolf, we are in the lifeboats, hoping to pick up a few survivors. Don't stay on the boat.

[@MH3GL]

@@roberthodgson3574 what lifeboats?

[@scottst1112]

"I'll start to worry about that when it happens" - most responsible and strategic advice ever received by almost everybody I try to warn of dire upcoming crisis. Americans don't understand things are much worse then they can even Imagine for America.

[@scottst1112]

M H those lifeboats over there engulfed in flames!

[@deeno6626]

He's been screaming ICEBERG since before the 2008 crash, actually.

[@AndreMonthy]

Money printer goes BRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[@briankraemer8139]

Peter Schiff is one of the smartest and most articulate men I've heard in a long time. What sound explanations he offers for basic financial understanding! Thank you, Mr. Schiff, for making these videos possible.

[@deltaxcd]

What kind of smart guy will say that gold is the most valuable material? Or say that the government is going to relay its debts?

[@yousuffayyaz2619]

Woah ! Man, this is a masterclass ! Thanks Peter for sharing such an in depth & valuable knowledge for which normally I would expect to be charged for by consultants.

[@maxvonberg4803]

Every policy that robs Peter in order to pay Paul will always find unwavering support from Paul.

[@sdrc92126]

We could get out of this whole mess if only we raise axes on the king.

[@rogerburn5132]

Asking the Government to report on inflation is like asking Pablo Escubar reporting on drugs abuse

[@ricardoh87]

you spelled Escobar wrong and he didn't get high on his own supply, that was Scarface

[@jwbnscacpt]

Look up the M2 money supply chart

[@metalmike570]

Same guy as El Chapo?

[@tasoutv]

when peter schiff accidentally makes a good case for bitcoin 😅

[@storm132]

Yes, it is the smartest investment in this day and age for sure :)

[@MissChievousRN]

Bitcoin= just another fiat currency, literally no value, you're buying imaginary nothings

[@MissChievousRN]

@Fe Sk8 It has value as long as people believe it has value. Just like the dollar or any other fiat currency. It has no actual value because it doesn't actually exist. It's a mind game. Play, enjoy, make some money while it lasts. I'm think it's fascinating and we are blessed enough to dabble in it but the rest of our investments are in hard assets. I'm HERE because we are invested and watching very closely. Like most of our modern economy, it's an interesting phenomenon but nothing more.

[@MissChievousRN]

@Fe Sk8 Sure😏

[@MissChievousRN]

@Fe Sk8 It's not a binary scenario

[@stevesmith7413]

@peter schiff which countries in particular do you think will see the greatest increase in living standards relative to the US (e.g. Eastern Europe, SE Asia...)?

[@tiklyspade5065]

Inflation is a direct tax on the poor.

[@ccalcote9125]

I Agree!

[@mareksniknais5415]

I'm disagreeing. Inflation is taxing even rich. I see inflation more as penalty for having good financial habits.

[@SheepAmongGoats]

@@mareksniknais5415 I think 1qaz meant was the rich don't feel the inflation where the poor does.

[@t.j.5574]

It’s a tax on everybody. Inflation is a tax on your cash.

[@SheepAmongGoats]

@@t.j.5574 its a tax on all money in the U.S. not just cash. The value of the dollar drops regardless of what form its in.

[@dagwoodsingleton6202]

Like giving credit cards to everyone who couldn’t afford em.

[@SumOneSomewhere]

I have credit cards with limits that are way more than I could ever pay off if I maxed them out but I always pay off the balance every month and never buy anything I couldn’t otherwise purchase with cash. Too many irresponsible people.

[@skeezix8156]

@@SumOneSomewhere I know this is random internet advice, but if your credit card limits are way above what you’d ever want to pay if they were lost, stolen or hacked, I’d ask the cc company to put them in a range where it wouldn’t be so bad if that were to happen. Get the usage notifications activated, one for travel and a lower limit one for strictly online purchases. I’m telling you these things happen on a regular basis now.

[@SumOneSomewhere]

@@skeezix8156 thanks I’ll look into that. Funny how they’d assume someone makes fortune just because they have a decent credit score.

[@immaculatesquid]

@@SumOneSomewhere Yeah I just turned on purchase notifications and texts on my discover and i have a limit 6x my monthly income but I rarely even use more than 3% of my limit. Plus Discover is excellent with customer service idk about other companies though.

[@SumOneSomewhere]

@@immaculatesquid I think you’re allowed to use up to 10% before it hurts your credit but I don’t use nearly that much. I seen my limit when I got approved for my last card and about crapped my pants.

[@RagingInverno]

First 12 minutes is one of the best explanations of what's happening today that I've heard.

[@bulkcity]

Peter has been echoing this same sentiment for years. Why not give your entries, exits, instruments, and exact catalysts for both? This is such a generalized opinion

[@11insertusernamehere]

Lmao exactly. Schiff has been crying wolf about the downfall of fiat currency for how many years now?

[@chrisgouger9299]

"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."

[@ricardoh87]

it's coming full force

[@absentehhh8263]

I think you got nomenclature wrong there

[@jitrapornpha5104]

Who said that , Barney rubble ? A heheheheheheh

[@jesusdaholy]

Sweet, I'm here less than a minute in. I'm ready to get schiffed

[@Andreas4696]

Can't fizzle the Schiffle.

[@johnmbwa537]

🤣🤣🤣🤣 this is the same clown that said Trump/Republicans are fiscally responsible. They added $7 TRILLION to the debt and China is STRONGER. 🤡🤡🤡

[@LordBoston123]

@@johnmbwa537 Peter Schiff lambasts and eviscerates republicans all the time.

[@bhorning2]

@@johnmbwa537 you obviously don’t watch regularly

[@johnmbwa537]

@@bhorning2 i watched from 2016 to 2017. He was all ga ga eyed for Trump. Too late to change. $7 trillion in 4 years!!!!! What a joke

[@aaronwright5641]

Buy gold stocks, sell covered calls against it while collecting dividends, use the income to buy physical gold and silver.

[@jsmiley12]

HAVE SPENT OVER $1500 DURING THE LAST 72 HOURS ON FOOD BUCKETS, PHYSICAL COPPER, PHYSICAL SILVER, PLANT SEEDS AND AMMUNITION - GOD BLESS.

[@ba7tow1776]

I've listened to Peter occasionally for years! It's disturbing how accurate his predictions have been. Listen to what he's telling you!

[@poochiebar]

Not when it comes to bitcoin

[@jadezee6316]

THE guy hasnt ever been right...just tells you the obvious

[@jakestevens7283]

90% of the world believes the opposite of the obvious

[@benjaminone9914]

@@jadezee6316 You are correct. Most important task is to do your own research. I have an affinity for Economic History so I studied the key economists throughout history over past 250 years. You must know that all of the Great economists read David Ricardo, "Karl Marx", John Maynard Keynes, Schumpeter, Ludwig Von Mises, Alfred Marshal and Simon Kuznets ...etc. For me, it has been so luminating!

[@bayanm.3564]

He is not a sugar coating man that is why we love him

[@scuba36fun]

Can you just skip the Bitcoin part, everything else you said make sense.

[@briantaylor7075]

He speaks of what he knows. He knows NOTHING about Bitcoin or Blockchain Technology, the foundation on which the current and future tech will be built on.

[@kaoskronos]

Bitcoin was a good idea but not anymore. There’s nothing stopping the government from buying all the Bitcoin up and using that as our Fiat

[@scuba36fun]

@@kaoskronos good luck on that!!!, lol. As soon as they start buying BTC, the price will skyrocket to quadrillions of dollars,...it's simply impossible for them to buy ALL BTC, because I'm not selling my:))

[@HenryPaulThe3rd]

@@scuba36fun The value of Bitcoin is 900 billion. The government printed 6 trillion last year. They would only need 51% of it to make it an obsolete currency. You’re a fool if you think they will allow Bitcoin to succeed

[@briantaylor7075]

@@scuba36fun Exactly. Cause and effect. The finite Bitcoin will skyrocket. The Central Banks and Hedge Funds are already investing in Bitcoin as well as their own crypto currencies so it is futile to try to stop BTC. *THOSE WHO SAY NOT TO BUY ARE BUYING.* Shhhhhh

[@pommygeezer9309]

The delay of the day of reckoning .. is almost over.

[@garzax25]

Gold, silver, bitcoin, food, shelter, meditation,awareness, community.

[@larrybud]

guns, ammo... people will want to eat.

[@c103110a]

Brass, lead...

[@andrewtownend4511]

To quote G.Celente Guns,Gold And A Get Out Plan.

[@Metacognition88]

You forgot ps5 and cyberpunk.

[@oldtimer4888]

He's right on...the cake is baked and the clock is ticking.

[@matmaism]

If you say that enough over and over it eventually becomes true....No skill in that, skill in knowing when, which no one does.

[@artieanderson604]

The real "problem" is: the birthday candles are sticks of dynamite which cannot be blown out no matter how pretty they look on top of the cake.

[@widehotep9257]

He is wrong. Inflation is NOT taxation, because it is not caused by government. The money supply is increased by PRIVATE BANKS when they issue loans.

[@JeffSmith-fu9hu]

Wide Hotep. Ok, where did the Private Banks get that extra capital to loan out? Did they print it? Someone did. Silly, Peter Schiff doesn’t make economics statements that are “wrong.”. Inflation is taxation.

[@widehotep9257]

@@JeffSmith-fu9hu Please watch the TEDX video on youtube "Ole Bjerg, where does money come from?" Also, do a google search for "Bank of England: money creation in the modern economy." Both are crystal clear: all money is created when BANKS issue loans. Peter Schiff is a disinfo agent who most-likely works for the bankers. His job is to confuse you so you will blame the "government" for inflation and business cycles, when really the bankers cause all this misery.

[@eddiec7047]

This is literally the best explanation for why you should buy bitcoin haha.

[@FlyingMonkies325]

No Bitcoin is like Gambling and you're also gambling on it never crashing but a crash to 0 is predicted to happen any day because they can crash it any time they want to, when that happens i'll be laughing so so hard and say "i told you do".

[@John-FourteenSix]

“For even when we were with you, we would give you this command: If anyone is not willing to work, let him not eat.”

[@franciscoruiz8612]

Saves money for that last several years to buy home just to have home prices inflate at record pace + value of savings go down (California to top if off)...

[@NeoAndersonReloaded]

You can't out save inflation.

[@bobflemmet7454]

Rip

[@frametomasterpieces8898]

@@NeoAndersonReloaded unless you put your savings in actual sound money like Bitcoin or gold

[@Jcremo]

Same boat

[@FlyingMonkies325]

Buying a home just isn't realistic in a world where anything can happen, we can't trust other people in charge and people may move several times in their lives, yet people are buying houses as young as 19 these days not thinking if they'll want to move in future or have to for work lol Mortgages are a con too because once you've paid for the house that should be it and Regulation states you cannot leave a house in any disrepair and if you DO then you have to pay 1 more years Mortgage for the new owner on top of paying for the Rent, Bills, Food and Travel Costs in your new life living in a Rented place :D it will tie you down and get you into SO SO much debt like it did to my parents.

[@lionstacker4317]

Just keep on stacking metals,water,medicine,energy,ammo, and keeping the most high god at the head of the your life

[@Fish-yr7vv]

Great advice. A peon like me can only do just that.

[@kalolawahine9182]

Right?!? But, so very few are listening

[@bullsnutsoz]

@@Fish-yr7vv nuffen wrong being peeon

[@PoizonGirl.]

I know right. Even gold & silver or whatever i feel will not help us here. It will be luxury to survive in the middle of nowhere in a tent... Thats how it feels to me. But nobody cares enough to prepare properly and they have some guns so... watch ur backs!

[@holyspiritofyah]

Faith without works is dead! Obey your Most High God with ferver and fear, not lukewarm belief. How do you obey? Read His living Word. That's how you stay close to God. 🕛

[@SoCaliGuyHB394]

$1400 Stimulus gifts are Universal Basic Income payments. Public will eventually become used to receiving "free" money.

[@user-gl9mf3zo7r]

If you wanna talk about societal leeches, lets look no further than the billionaire class.

[@dariocastro-lopez3589]

Not the ones that make their money by providing a good or service, like Elon musk.

[@MattBaker789]

@@dariocastro-lopez3589 Did Elon ever receive any federal subsidies?

[@acz88]

@@MattBaker789 nope

[@deltaxcd]

@@dariocastro-lopez3589 LOL and to make example of the people who made their money all them you selected the biggest scam in the human history Dear, Elon did not earn a single dollar all his current projects are perfect money-sucking black holes. None of his companies earned any profit for far.

[@johnwicksfoknpencil]

Silver, not gold is the most useful metal on the planet.

[@aaronstestlab]

I'd argue it's aluminum

[@skeezix8156]

@@aaronstestlab I’ll go with iron. Most of infrastructure isn’t here without it.

[@johnwicksfoknpencil]

@@skeezix8156 Valid. Perhaps versatile is the correct word.

[@jl6723]

Gold is the most valued because it is most useless... the more useless a metal is and the prettier it is, the more valued it is, because the incentives for competing interests are diminished. People only buy gold if they want to look at it or they want to hedge against the economy.

[@ali-es2ye]

Two silver coins for me is the price of a packet of cigarettes here (50’s pack) 🇦🇺.

[@Red-Bird-October]

So well stated and explained. EVERYONE needs to see and understand all of this!

[@SlimNubster]

This video alone is a lesson in economics. Pay attention people.

[@nedz5852]

Lol Peter schiff is a jackass. He makes 100 predictions and when he's right about a few of them (and dead wrong about everything else) he talks about it ad nauseum

[@SlimNubster]

@@nedz5852 well maybe I haven't heard him enough. Care to share some of what he's been dead wrong about?

[@patatepowa]

Truly amazing that someone wrong 99% of the time can still have a career.