Will the US Dollar Crash?

Peter Schiff discusses Bitcoin, gold, the US Dollar and cryptocurrency on Yahoo Finance's The Crypto Mile. Recorded 6/5/23
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[@alexsteven.m6414]

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stocks and oil trading, it seems that a new multilateral world order is on the horizon.

[@bernisejedeon5888]

@davedelva I personally worked with an investment advisor to diversify my $200k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks. With the right guidance, you can also make informed investment decisions and achieve your financial goals.

[@yolanderiche7476]

@@bernisejedeon5888 I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

[@bernisejedeon5888]

@@yolanderiche7476 Credits Julia Ann Finnicum, to one of the best portfolio manager’s out there. She’s well known, you should look her up

[@fresnaygermain8180]

@@bernisejedeon5888 thanks for sharing this, I googled the advisor you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply

[@justinpentifallo8726]

Spam bots

[@KingDavid-jj7tk]

A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[@waltzwalter]

Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

[@primeramujer2138]

I stopped listening and taking financial advise from these KZbinrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice.

[@primeramujer2138]

As a matter of fact I always preferred to handle my own investing, but after my portfolio took a major hit in 2020, I really had to rethink my plans for the future, so I reached out to an F.A Kaitlin Rose Sternberg who really helped me balance up my losses.

[@yashpalw9371]

You can hear a lot of people on KZbin, but nobody beats Peter Schiff.

[@BenjaminMcLeod815]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[@Natalieneptune469]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usuallv carried out by investment experts or advisors with experience since the 08' crash

[@PhilipMurray251]

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.

[@Robertgriffinne]

this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy

[@PhilipMurray251]

NICOLE DESIREE SIMON is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.

[@Patriciacraig599]

this recommendation came at right time, very much appreciate it. curiously inputted her full name on my browser and found her site top search, no bs.. over 20 years of experience is certainly striking!

[@bicmitchum4715]

THAT was probably the best 10 minutes of Peter Schiff I’ve seen in a long time! Love you, man! You nailed it at the end!

[@kieranshaw146]

The background makes me feel like I'm on drugs and I'm not even on drugs.

[@bauruparis]

lsd

[@randombrandon8514]

High on inflation

[@ronaldwilson6295]

Or as Spock put it: "Too much LDS."

[@tari5246]

Prior to going off the gold standard, Americans did not benefit from CHEAP foreign goods. They benefited from QUALITY American goods. Americans all had jobs. They had a great lifestyle. One wage earner provided a house, a car, vacations, education. Then the big companies went overseas for cheap labor. The government went off the gold standard so they could overspend. Americans got screwed. No jobs, cheap goods, inflation. I know because I lived thru it.

[@Nernst96]

The financial sector and derivatives may have a Hindenburg moment if the US Treasury market collapses. Rising market illiquidity in the $14.8 trillion U.S. Treasury market, according to Bank of America, might affect other financial markets.

[@mcintyre1]

@@trane85 Mind if I ask you to recommend this particular coach you using their service?

[@trane85]

credits to Colleen Rose Mccaffery one of the best portfolio manager;s out there. she;s well known, you should look her up.

[@mcintyre1]

@@trane85 Oh found her! Looked up her full name and she was my top search. Thank you for this! Really appreciate.

[@pixelboss4980]

The thread above is a scam group of fake accounts beware

[@erikavarga7060]

That backround and music is annoying. Here for the content.

[@jameswood9772]

The financial market is one of the most powerful wealth creation tools that we can use to become extremely wealthy. If you save money, your bank account will grow by a certain amount of money each year. If, on the other hand, you invest your money, your portfolio will grow by a certain PERCENTAGE each year. The distinction between these two concepts is enormous. My net worth has grown by $800,000 since the fourth quarter of 2019.

[@jamescomb1170]

There are numerous misconceptions about investing in the market, which is why so many people fail to capitalize on it. However, given the current CPI figures, it is not advisable to have money sitting around with no or little profit. I have $60,000 to invest, but it's difficult for me to bite the bullet and do it. What happens if I lose everything?

[@johnlennon232]

You need a Financial Advisor, my friend, to avoid being taken advantage of. They offer personalized advice to individuals based on their risk tolerance, putting them among the best of the best.. Some have a terrible reputation, others with a strong track record can be quite good

[@chris-pj7rk]

I've been wanting to start investing for a few months but haven't had the courage to do so because the market has been down for the majority of this year. Please tell me how I can rely on such abilities.

[@joeyjoejoejunior3859]

SCAM, SCAM, SCAM.

[@IainKilpatrick]

The background of this set is insane.

[@nxlevelsicc]

Should come with a seizure warning. Also that music is shit.

[@lovly2cu725]

@@nxlevelsicc I DONT HEAR MUSIC

[@TenemaesLament]

I found the commenter watching this on acid

[@denniscosban6145]

You can't see the subliminal message. It says buy gold. You need gold. You will die a horrible death without gold. Gold is going to make you happy. You will unhappy without gold 😮

[@davidelliott2485]

I’m about to have a seizure from it 😂

[@tanneres]

They couldn't have put a little table between them? His phone and glass of water are on the floor. And not the best background.

[@chrisbluebird5037]

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[@miawhitlock9140]

@friederichkuhn8300 Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@miawhitlock9140]

@javiermunoz990 My advisor is "Nadine Julia Allevato" You can easily look her up, she has years of financial market experience.

[@mesutserim1595]

@@miawhitlock9140 I just looked up Nadine Julia Allevato online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.

[@nadiabashar]

I am so fortunate that I made productive decisions about my finances that changed my life forever. I am a single mum living in Melbourne Australia who bought my second home in September and is hoping to retire next year at 50 if things continue to go smoothly for me

[@dumalewikina1362]

Congratulations beautiful lady. You’re really doing well for yourself, I’m 45 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex........

[@nadiabashar]

I apologize for late reply sweetie, I used the FIRE movement to put my finances in order. Then Invested in stocks, crytocurenwcies and reel estate though the assistance of an Investment Pro who helped me make it this big😇

[@dumalewikina1362]

Thanks for your kind response, I would love to connect with youR financiaI consuItant

[@nadiabashar]

[@KlaraLudwig]

Her training program has been insightful, and I must say, I'm most honored to have been part and a full-time beneficiary of her daily signals. I have been growing & have been able to increase my portfolio from 1.5BTC to more than 5.5BTC with her daily signals...

[@neverleverland5685]

"Everybody's going to have to take a haircut to avoid a crew cut" thats a good one.

[@zoeytank2921]

Stocks closed mostly higher Thursday after the latest round of economic data eased recession worries and financial shares jumped following the results of the Federal Reserve's annual stress test. It just gets very daunting to me when I’m sitting there looking at charts and trying to determine if i’m right or wrong! It shouldn't come as a surprise that the market is currently so gloomy. My $370K portfolio is now reduced to ruins.We require support immediately if we are to survive in this economy. Similar to the real estate market, the ETF and stock markets continue to be highly volatile.

[@graceocean8323]

That's why I'm creating more income streams that I have complete control over. These will take me places that my day job never could. The earlier you start investing your money and putting it to work, the more time compound interest has to work its magic on your portfolio. This is how I'm going to achieve early retirement and it's possible for everyone. Understand, know the path needed and stay committed to the craft.

[@hannahdonald9071]

In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing Financial Consultant.

[@mcginnnavraj4201]

@@hannahdonald9071 Please have you got a reliable one? I really need one so badly.

[@hannahdonald9071]

@@mcginnnavraj4201 Can't divulge much, “Salvatore Fortunato Sofia” is the Consultant that oversees my portfolio. She's a very intelligent person, very thoughtful, cautious, and has outstanding credentials. Quite easy to find her on the web.

[@TrainToBeAFreak]

Why is your portfolio wrecked when the market is almost fully recovered

[@leondonald]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[@DavidRiggs-dc7jk]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@duane_29]

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@HarrietBemish]

Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.

[@philipr1759]

@@HarrietBemish Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

[@HarrietBemish]

@@philipr1759 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with Christine Jane Mclean for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

[@heping07]

I totally agree with Peter Schiff, the only reserve currency is gold or gold back.

[@jeffreygoss8109]

Love this light show. Peter is explaining how to save America and I’m expecting Pink Floyd to ring out.

[@googoolac1060]

​@Rawbeatzzzthat dude is a chode

[@dannybo1472]

SCAM

[@djmc8505]

That background is horrible

[@dolphingirl12885]

I’ve come to the scary conclusion many Americans are content with massively increasing debt to keep status quo and okay with continual foreign wars with millions of casualties overseas as long as they don’t see Americans as the ones suffering. If there is a rally against foreign wars hardly anyone shows up and people that do get angry looks and criticized. They will push debts and wars until it catastrophically collapses because that’s what the people want. I’m not exaggerating

[@themoneyfork319]

I think this is a deeply accurate and feeling comment.

[@xokelis0015]

Not true Mr. King. Americans are content because they're clueless with regard to what's actually going on. Trust me. I live here. I am an American. I interact with my fellow Americans and tell them about the incoming crash all the time. Most of us aren't even remotely curious how about how money works, or the debt, or even the state of liberties and the speed with which we're losing them. "They'll never let that happen..." referring to the US Government is the most common response I hear, elevating said government almost to the status of a deity and being completely oblivious to the fact that what happens isn't up to the government at all. It is entirely up to our creditors as Peter said. The moment our creditors lose faith the dollar will fall off a cliff. I'm personally stock piling food, gold, and bullets, because this crash will be one for the history books. Also, not all of us are clueless, just most of us. Most of us will be arguing about gender pronouns and other nonsense when society begins to collapse around us.

[@paulozimek276]

@@xokelis0015 Totally agree 💯 !

[@7QHook]

Trump blocked wars, and he very likely won in 2020 - ie Americans wanted him in the White House. But Democrats do seem content with wars Biden is creating, or worse, oblivious.

[@maximumliberty]

Cloward and Piven is what it's called.

[@buildorder06]

Great content brilliantly enunciated by Peter; just a pity someone decided to spoil the presentation with irritating background music and light show!

[@TakeBackTheMoralOrder]

The background is distracting

[@divinefem6582]

This is so people pay attention; it's a hypnosis technique. Their is too fast

[@TakeBackTheMoralOrder]

@@divinefem6582 Definitely too fast. Doesn't match the tempo of the speaker

[@dptanner1234100]

Peter needs a table for his glass of water

[@silvias550]

Totally messed up set-up, background, music, chairs, color of chairs...all a mess, i wanted to click out the second I clicked on but stayed for the value of the guest

[@suegibson8914]

Well said Peter as usual.

[@shahub5]

The ending lol. Nice touch Peter!

[@suhwateezea.214]

Thumbs up for Peter!

[@johngreydanus2033]

It's a very balanced, unbiased interview, artificial sweeteners are safe, WMD are in Iran, and Anna Nicole married for love!

[@janisaksson5966]

Wery well spoken by Peter as always 😊

[@ardentenquirer8573]

This is a Peter PUMP Peter keeps captivating his audience as he passionately shares his knowledge, leaving a trail of enlightenment in his wake. With every word he utters, people eagerly absorb new insights and gain a deeper understanding. His captivating presence and dynamic delivery keep the crowd spellbound, fostering an environment of continuous learning and growth. Peter's remarkable ability to engage and educate has turned him into a beacon of inspiration, illuminating minds and igniting a thirst for knowledge.

[@jakesauce9473]

If agree or not, I love an alternate to the norm

[@ardentenquirer8573]

@@jakesauce9473 Peter does not present a true alternative to the "norm"; rather, he represents a competing school of thought. He passionately advocates and educates others on the principles of the Austrian school of economics. In contrast, the so-called norm is associated with the Keynesian school of thought, which, unfortunately, has been heavily distorted by political influences to the point of being barely recognizable. Keynes's theory faltered because he failed to grasp the inherent truth that politicians prioritize their own self-interests above all else, including the understanding of business cycles that are rooted in human nature.

[@KKevinnnn]

I don't disagree but his trading advice loses you money. I find it hard to beleive he doesn't own any us mega cap tech stocks

[@acethirsk9281]

We drastically need major major federal govt spending cuts. We don’t need a department of education - it’s the states responsibility. There’s so many entitlements and so much wasteful spending. Massive spending is driving inflation.

[@VoodooD0g]

Thanks for repeating everything you hear on this very youtube channel, how about some own thoughts?

[@chillstep4life]

the #1 thing to reduce federal spending is to end the never ending wars... We spend more on defense than the next 10 largest militaries in the world.

[@oakson3045]

If they’re true would you rather he make up shit to satisfy your ridiculous expectation for originality?

[@dgage1776]

That is NEVER gonna happen. You know that

[@waynehendrix4806]

@@VoodooD0g Nope. Defund illegal government agencies now!! Don't feed the beast. Don't support communist government. Our current administration is a $hitshow.

[@tobieaina]

The question at the end is interesting Peter. Arent you concerned that the same thing that happened with the dollar would happen again if we have many gold backed currency? People will still want to choose the best one as a reserve/to use for trade

[@hannahdonald9071]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The ETF/Equity market keeps swinging.

[@zoeytank2921]

The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point.

[@graceocean8323]

@@zoeytank2921 I agree, and for that reason I prefer to have a financial consultant make my day-to-day investment decisions. Given that their entire skill set is based on going long and short at the same time as well as employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's nearly impossible to not out-perform. I've been using a financial consultant for over two years and I've already seen positive.

[@graceocean8323]

I've spared myself the hassle that a disorderly market brings. Because of my line of work, I am unable to manage my portfolio, so I simply mimic the trades of SALVATORE FORTUNATO SOFIA, an investment advisor I watched on Bloomberg Business News. These days, the best approach to enter the market is through reading, researching, being patient, and getting advice when necessary. After that, everything went smoothly.

[@mcginnnavraj4201]

@@graceocean8323 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

[@peterbarrett5496]

Dude old joe is already on it. If u take it from Walmart they won't chase you out or arest you. Call that the 5 finger stimulus 2023

[@calstanke6170]

What currency is the USD going to crash against @peterschiff ? EUR, CHF, YEN, GBP, CAN, JPY

[@mcmc7746]

Living Legend

[@dragasan]

Instead of the Federal Reserve, it should be called the Federal Reverse, because we're going thr wrong direction.

[@spaceindian3769]

It's not federal nor has reserve

[@dragasan]

@@spaceindian3769 correct

[@well.thy.one.]

@@spaceindian3769well it could be said that they are the reserve for the federal govt...and im sure they have plenty of gold

[@hmtmkmkm]

Peter is one of the best bitcoiners I know.

[@tbone3583]

With a light show like that I expected schiffler to jump up and start clubin

[@ericteng7725]

Most definitely, YES!!3

[@hkomolafe]

I hope it does

[@simony276]

Yes

[@SuperBullyone]

The dollar had been crashing since 1971.

[@martinrev8487]

Great job, Peter. You delivered a fine, coherent and concise interview while suffering from a terrible cold (which was very apparent on his podcast when he arrived in London). Impressive. Keep up the great work.

[@rp5339]

Thanks for courageously speaking the truth peter so constantly and consistently. The American dream is soon about to turn into nightmare and no one can do anything about it.

[@cliff311976]

When?? Bring it fast

[@stewatparkpark2933]

Peter sat back and let the chair back support him . He looked much more comfortable than the interviewer . This is a sign of somebody who is very confident in their argument .

[@overlordisgoogle8431]

Love how the legacy media couldn't be bothered by this topic or concern, but items on many minds of Americans.

[@pimpompoom93726]

Journalism is dead in America, the legacy media is owned and controlled by Globalist Elites.

[@kylias7971]

Love you Peter! You make it cool to stand up for Truth and honest money

[@Doyle-Nutbush]

Peter didn’t mention this default risk has now allowed for unlimited debt for 18 months, no ceiling whatsoever

[@squidster3128]

That will be Nightmare on Fed Street, Ep. 2.

[@cherubimcherubim9515]

It's not debt ceiling it's printing ceiling. US dollars is back by printing machines.

[@Doyle-Nutbush]

@@cherubimcherubim9515 As it stands congress can spend $5(or 10) Trillion, more than enough to cover the recent deficit amount for 18 mos.

[@briangoodspeed8807]

Why is there music playing?

[@skippyzk]

Wow Peter is so smart. The idea that inflation, the value of the dollar shrinking, could cause USA creditors to stop lending is something i haven't thought of. Would devestate the American way of life

[@jakesauce9473]

credit crunch would have unforeseen results

[@agrandesubstituicao]

Smart but you can’t make anything from what he’s saying nothing actually value anything 😂

[@mm-jx7gf]

Except that he has been preaching this same nonsense for 10 years already... You fail to comprehend the real life consequences of a so-called "restructuring" of US debt where we pay 50 cents on the dollar to creditors around the world... I suggest you take a basic economics course before you buy into this garbage.... Interest rates would have to go sky-high to sell anymore debt for years into the future and that would cause the greatest depression the world has ever seen... Nice idea to get a fresh start with our economic and monetary policies, but never going to happen.

[@rholalbi8155]

No Peter is a Normal MAN YOU GUYS are just idiots and wait for shit to hit the fence to stop calling MEN "Conspiracy theorists" and start educating your ignorant azzes

[@thatguybill34]

*I remember June 14 , 2007 when the FED paused at 5.25% and when the recession started in December 2007.*

[@bradleyh1964]

The USD will be eroded over time as countries move away from the USD. It won't crash overnight. The USD has seen its best days, only a decline going forward, which is not good for the USA economy.

[@pimpompoom93726]

Congress spent America into insolvency, the day of reckoning is not far off.

[@markgodfrey4394]

Good content and I thank you for breaking it down!! Even with the current dip in crypto current, I’m still Glad 😊I can smile back at my portfolio of $56,700 made from my weekly trade within a short period.

[@willy8237]

Same here, with my current profit of $49,000 made from my investment with Mrs Mary Ann Bennett trading platform I’m totally convinced, she’s the best trading broker I have worked with and her strategies are so easy to adapt, she’s such a blessing to me especially in this current dip 😍

[@alixezuga2892]

I heard a lot about Mary Ann Bennett and how good she is, please how safe are the profits?

[@andywilliams5646]

Amazing, the first time I placed my investment with Mrs Mary Ann Bennett, I felt a bit skeptical but eventually my returns were directly sent to my crypto account, I was so happy and I have been investing without thinking twice

[@georgeshamoun3680]

I almost got lost in the crypto world after I had an awful trade, my colleague introduced me to Mrs Mary Ann and she helped me recover my loss and made total profits of $59,700 and I’m happy again, I just like the way she transparently analyzed my trade☺️

[@emiliorose8950]

I’m a long term investor, I withdrew my profits of over £61,000 during the covid-19 pandemic.

[@podnuh]

Obviously they know what he’s saying is absolutely true. It’s amazing that it’s still working…for now

[@newworldforward1842]

Bitcoin is a gold coin now?

[@nursejean903]

Peter schiff for president

[@fbjhnmyuudsfojvf]

Music?

[@SierraLeighanne]

Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world. both NFT, real estate, Stocks and Crypto is positively changing people's lives.I'm delighted I was able to contact my coach Gregory Thomas Patchak earlier this year because while others were busy whining about the downturn I was busy cashing out from my portfolio, finally making over 370k only for the first quarter. of the year. Gregory Thomas Patchak. Has helped us become debt-free and save for retirement." he has helped transformed my life, he has been amazing, and ever since I met him, my life has taken a positive turn because of the passive income through his knowledge and ideas are essential for succeeding against all odds in this area of online commerce…

[@Seanmirrer]

Wow, that's more than a mouthful of profits he’s making you.I immediately hunted him up on Google, found his website, and left a message in hopes that he will react soon. Appreciate!!!!

[@Bradleyschaeffer376]

My previous coach got me into over 60 different investment which turned out bad,I lost over 25% last 3 years.Anyways that’s all in the past now as I was able to clear my debt and make up for my losses with the help of Gregory Thomas Patchak

[@GaryWinstonBrown]

Thank you for sharing your experience. Your coach was simple to discover online. I did my research on him before I wrote to him. He appears knowledgeable based on his online resume.

[@squidster3128]

I love Peter. Hard hitting, no pussy footing, direct in-your-face! Great interview!!

[@andrewdunlop2966]

Peter Schiff common sense. 🎯

[@brysona466]

The Gold Gram is the Standard Unit of Measure .... Measure of Value, Like the Meter

[@Silverback60]

Having a small table there would have been nice...(water, phone on the floor ?)

[@randombrandon8514]

I could only get behind a national sales tax if it taxed everything equally. E.g. a sales/service tax that taxed stock sales, payments to lawyers, advertisers, lobbyists etc.

[@squidster3128]

Yeah, the rest of the world calls it VAT or GST

[@sandybottom6623]

A suggestion: Reform the taxation system - root and branch. Replace all taxes with a transaction tax automatically collected on all payments (transfers) (like a Visa card fee). Payments to companies and businesses - 1%. Payments to individuals - 10%. The point of tax payment being at the companies and businesses - to and from accounts. No exemptions. Nice and simple and effective. No paperwork required. No taxation returns. You would save a massive amount of money.

[@rphb5870]

WHEN!, WHEN, is what matters, that is the interesting and difficult part, because of course the dollar will crass. The only question is when

[@tishela1134]

I hope you feel better soon.

[@jasonpatrickries]

What are investors going to turn to, the yuan?

[@toriphillips7383]

There are so many different opinions to what’s going to happen

[@zmh8595]

That's a nice suit.

[@mikeyg1776]

So is the US dollar going to collapse or not? And if it does when does it? And when it does what value will your assets have? How will the assessment be done or converted? So basically the new world order will change the currency to digital with facial recognition and social credit scores to determine what can be borrowed and used as a loan?

[@NowTrendingNow]

I feel grateful that I have been able to be of service to you. Thank you for your positive feedback.

[@NipponKiwi]

Digging the background! I wonder if this place doubles as a disco 🪩 at night 🌃?

[@CarlosGonzales-wm8xx]

Bitcoin wasn't mentioned.

[@grdelawter4266]

The backdrop and the background music was terrible. I know that was the British show that Peter appeared on but it really sucks! I really agree with Peter in the last 2 minutes! Every currency must be gold backed, we must have a level playing field!

[@Yup333]

I thought this was dancing with stars judging by the background.

[@thehood5079]

Run for office!❤

[@yahyatsb8709]

Cut the defense spending. That would be the most effective

[@YTChannel344]

Fort Knox in US has a lot of Gold and is a good alternative.

[@coltburks5450]

Does it? It hasn't been audited in decades. Why do you think Nixon took us off the gold standard.

[@randombrandon8514]

I drive by it once in a while. They used to have tours, but no more. I wonder why lol.

[@stevewill3572]

This is the way to keep them in check and that is precisely why it will never happen

[@pamholloway-jw3cz]

That background and background music is so distracting and Peter did great with that going on

[@9FINGA]

Love Peter, but we don't have to cut to NO growth in spending, it just has to be slightly lower than inflation and it will solve itself over time.

[@johnsmithdoe5642]

It’s so simple……and as long as you print the currency, you can print however much you want. You’ll never default because you can just create the credit. It distorts the economy, and the economy can shrink and be torn apart, but the government can always pay its debt by simply printing the money. The problem that is tearing the American economy apart is not the government debt - it’s the private debt that is leading to a default. When you default on your debt, you forfeit you property to the creditors. So, what you’re seeing now is a large scale transfer of property, a transfer of real estate, a transfer of cars that people had bought, but couldn’t keep up the payments on, a transfer of income from the 90% to the 10%..prestó…

[@toweringoak1107]

Tough to concentrate with that disco background.

[@AndrewQuiroz24]

Who are our creditors?

[@danoneill2846]

555,000 +++ SUBs Good Job !

[@sandybottom6623]

Use a 'virtual gold' system -ve QEd at source, +ve QEd at destination - no reserve currency required.

[@abrahams.lincoln6749]

👍

[@MrTruthAndFacts]

The background sounds are horrible

[@ronbo30]

Eventually. But I think it’s several years away.

[@tommyj6481]

Recently the tresurer of NSW admitted that the government is the largest employer in Australia. Seems obvious, right? On the good side he also talked about cutting gov spending👍

[@kenzeng2]

Storm before the quiet (in one week)

[@chrisgilling543]

That background image and music was very distracting

[@pumadown1943]

I like this man, he's smart and know what the hell he is talking about. He should take Jerome Powell's place, we'd be better off!

[@anthonynguyen1663]

You don’t need to interview Peter, he is always bearish and promote his gold investment

[@lqla4837]

Video summarized... **Maybe**

[@JuanCarlos-sd3xx]

The first dollar comes into existence by fractional reserve banking. You can never get out of debt

[@martw3240]

the first dollar that was not earned you mean, by someone else putting in the Work. You can get out of debt, as long as you never bought into it , bit of reap what you sow, you know?

[@USGrant21st]

Nonsense. The dollar that was created by a bank inevitably comes back as a payment for that debt. The average life of credit is about 5 years. The only thing that stays permanently is the interest paid on the debt. That interest is somewhat smaller than the goods/services created by the credit, otherwise nobody would be borrowing. So the banks creating dollars is not inflationary, it's the lifeblood of the economy.

[@bobbiecrider6964]

👍👍

[@TonyHepp]

The background music/noise ruined this interview

[@waynesmith3919]

isthepetroyuan backed by gold????

[@GrantDWilliams82]

Nothing says "Jolly Old London" like tripping on acid in a room full of lasers.