Economic Storms are Gathering | Peter Schiff | EP 353
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- čas přidán 27. 05. 2024
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Peterson draws upon his extensive research and relatable real-life experiences to illustrate how to develop attainable goals for intimate relationships, meaningful friendships, and your career. Transform the chaotic potential of the future into actuality - with a vision.
Dr. Jordan B. Peterson and economist Peter Schiff discuss the gold standard, the corruption and impending failure of the fiat system in the wake of inflation, why politicians are pushing inflation to astronomical new levels, and why they’re lying about it.
Peter Schiff is an economist, financial broker, author, frequent guest on national news, and host of the podcast, "the Peter Schiff Show." Starting in 2005 Schiff took notice of the red flags signaling that economic unrest was looming, and correctly predicted the 2008 housing crisis. His attempts to warn the general public across a multitude of news and radio networks earned him the nickname “Dr. Doom,” and ever since then he has been looked on as a source not only to watch, but heavily consider.
Dr. Peterson's extensive catalog is available now on DailyWire+: bit.ly/3KrWbS8
Ep. 353
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- Chapters -
(0:00) Coming up
(1:39) Intro
(2:16) What you should know about inflation
(6:13) Decades of bought elections
(9:49) Inflation is another form of tax
(13:55) The gold standard, keeping politicians honest
(21:10) The fraud behind calculating inflation
(23:09) The CPI is rigged to mask the truth
(27:37) How home ownership factors into inflation
(31:39) US Debt and why they are redefining inflation
(32:58) You wouldn’t ask the mafia for crime statistics
(35:21) Why not defer our debt to the future?
(38:16) The dollar will collapse if we stay this course
(41:32) What is the least unreliable currency?
(44:20) The deficit versus the debt
(47:22) The trade deficit, our main export is money
(53:03) Why central banks will go back to gold
(55:47) Why does gold have intrinsic value?
(59:08) Three conditions for money to work
(1:00:10) Crypto, Bitcoin, the store of value
(1:05:29) Why we don’t have a gold-backed digital currency
(1:11:44) The free market combats GOV monopolies
(1:15:04) Look at gold as money
(1:20:53) Should you invest in index funds?
(1:27:20) Buy into international companies
(1:28:57) Advice for investment beginners
(1:32:12) The timeline for the US dollar’s collapse
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Thanks Jordan I really appreciated the opportunity to speak with you and connect with your audience. I hope they enjoyed our discussion.
Love you, Peter! You and Jordan should tour together- maybe an appearance at Porcfest one of these years? Viva Mises.
Very well communicated, thank you for taking the time to really drive home how serious this is going to be
Mr. Schiff, excellent discussion, I subscribed to your channel, thanks~
Thanks for doing the interview. Your dad's book "How an Economy Grows" altered the direction of how I see the world.
I have been dying for Jordan to speak with you, David Stockman, or Dr. Bob Murphy from Mises Institute. Tom Woods from the Tom woods show would be great as well. Most of all, I would THOROUGHLY enjoy an discussion with Dr. Walter Block on the praxeology or someone like Hans Hermann Hoppe on private property. Those would be deeply philosophical and I think he would see how much his maps of meaning dovetails with Mises' understanding of Human Action.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April of 2022 alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment? I can't afford my hard-earned $180,000 savings to turn to dust
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, JANETTE ALEXANDREA ALIMI, whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $300k since November 2022.
@@Alejandracamacho357 I could really use the expertise of these pro advisoRs , my portfolio has been down...who’s the person guiding you?
I personally work with "Janette Alexandrea Alimi'' she covers things like inveesting, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
@@james.atkins88 Very true! I have been able to scale from $150K to $389k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns.
@@hunter-bourke21 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@@rebecca_burns14 My advisor is ‘’Julia Ann Finnicum’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That's impressive! I could really use the expertise of this advisors, my portfolio has been down bad. how can I contact them?
'Whitney Kay Stacy' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Dang, didn't think the internet would bring these two together, but what a time to be alive. Should be interesting.
Peterson made it happen. Thank God.
Immediately clicked.
Why? Elaborate I'm new to all this?
The manipulation of the markets is unbelievable , In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65
Working with a reputable investing coach is now the greatest market approach. Since a while ago, I've been in contact with a coach, mostly because I don't have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize
We are living in an age where access to information is just a click away, and with it comes the potential to amass wealth. I have personally witnessed individuals who were able to accumulate vast fortunes from the Dotcom crash and the 2008 financial crisis. As I explore opportunities in the current market, I am reminded that we too are only just an information away from finding our own path to financial success, could this coach that guides you help?
I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy “CHRISTINE ANN PODGORNY” a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.
Upon finding her, I initiated contact through email and scheduled a call, eagerly awaiting her reply. My objective is to kickstart the year 2023 with a favorable financial outlook.
Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further
The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo
One strategy is to invest in assets that performs well during inflation. Another strategy is to focus on companies that have the ability to pass on price increases to their customers. Its also important to maintain a diversified portfolio. It may be a good idea to speak with a broker who can help you develop a customized investment strategy based on your individual goals and risk tolerance
@@user-qx7td4oe7c Thanks for this Tip, i did a quick web search out of curiosity and i found her>
Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with Deborah Jean Dykstra‘ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
Thanks for the tips, i found Deborah's web page and she seem so proficient
As a lad who's followed both these guys for years and years... I never would've thought back then that these two worlds would collide. What a time to be alive.
I completely agree with you there bud. They are like the 2 most sexiest human specimens alive no lies, only truth
Same here, been waiting for them to collaborate since Peter did an interview with his daughter a year and a half ago
I thought the same thing as soon as i saw the thumbnail.
Peter really sounds schtiff here though. Not like his usual self
No one ever taxed their way to prosperity? Oh REALLY? What do you think paid for the great land grant universities and the GI Bill, that brought the greatest period of solid economic prosperity in US history? Why do people repeat these slogans?
Taxes today don't bring prosperity tomorrow, no. Even building the nation's airports and highways didn't result in overnight prosperity.
He's selling snake oil.
I’ve never seen Peter so relaxed
His wife really had him dial back since he was on Peterson's show.
Probably because Jordan let’s him talk and doesn’t interrupt him every 10 seconds
Retiring in 20 years? Due to inflation, you may need upwards of $2.6 million to maintain your existing lifestyle, with the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisor is important in making this decisions
@@LeonardoScott Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth
@@dianarabbanii2 Mind if I ask you recommend this particular c0ach you use their service? I have trouble knowing when to buy or sell.
@@KangMinsu122 Personally I work with Viviana Marisa Coelho a registered Investment advisr. Quite renowned, search her name to get in touch
@@dianarabbanii2 I looked up Viviana Marisa Coelho online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-markt
The quality of education I keep getting from this channel…for free…thanks
Government's 'education' is to create useful idiots to be used as Climate Jugend and Green Shirts
MUCH better then the CBC, and 1.2 Billion a year cheaper..
Congratulations brother. Information is power.
السلام عليكم اخي الفاضل بالله يأهل الخير يا عباد الله نحنا أيتام بنات اولاد صغار مع أمي مريضه محتاجه دواء حتى تأمين صحي قطعو عنها لدي تقرير طبي يثبت كلامي اناشدكم بالله محمد رسول الله ترئفو وضعنا والله بل الحاجة ربي بيشهد على كلامي أمورنا سيى لقمه العيش مانحصل معيشه صعبة أقسم بالله أنو صاحب البيت طردنا من البيت سبب تركم الايجار علينا والله قاعدين غرفه عبارة عن توثه أقسم بالله العظيم مرقت ظروف مايعلم فيها غير الله قاصدتك تساعدني الأيام الصعبة التي تمر بنا أختكم بالله طالبي العون والمساعدة منك وجه الله تعالى،
It's not for free. It makes you responsible for its use.
A global recession is a contraction in annual global per capital income, Essentially the world economy is considered to be in recession if economic growth falls behind population growth. my main concern is, How can we generate more revenue during quantitative times? I'm thinking of investing in stocks or digital assets. I have $130k I have currently set aside to put in the market, but I lack the in-depth knowledge, I can't afford to see my savings crumble to dust. Any clue ?
The truth is, Everybody is concerned about the market going down but refusing to take advantage of it. The best decision I ever made in my life was investing regardless of the market condition. I made over $118k with a start up of$ 39k in the last three months .
@@lisaollie4594 you are right, Recessions are where millionaires are created. my portfolio took a big hit in this season, I was forced to employ the services of an Investment analyst and everything changed, now I have accrued a profit of $250k for me. in a short period of time.
@@lisaollie4594 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with ?
@@roseroland1998 My advisor is “KAITLIN ROSE STERNBERG” You can easily look her up, she has years of financial market experience.
@@lisaollie4594 This recommendation literally came at the right time, I just looked up Kaitlin online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals. Information they say, is power. Thanks for this.
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
In the world of fina-nce, rece-ssions are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been inval-uable in my journey towards finan-cial success.
@@joshbarney114 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@harwellron1289 My Financial adviser is ‘’Colleen Janie Towe’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial mark
@@joshbarney114 thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
Please can you leave the info of your investment advisor here? I’m in dire need for one
I am being advised by Helene Claire Johnson , an experienced financial professional. If you're interested, you can easily find more information about her as she has accumulated years of expertise in the financial market.
Thank you for the guidance. It was straightforward to locate your contact. She appears highly skilled and adaptable. I have scheduled a call session with her.
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125k ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
I don't know if you're a real person because all your replies are bots but in case you are I will try to help. I have very little authority since I am just a beginner in trading but if you put a stop loss on everything you know you won't get hit heavy if the market collapses in 2008 fashion.
Nice video as always but here is my problem I have been making losses trying to make profit trading. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do
I'll recommend Expert Henne Nate to you. he's the best I've seen. he trades my f.x account and makes me good profits weekly.
wow i'm shocked you just mentioned and recommended Henne Nate i thought i'm the only one trading with him
@@HaroldmeganMy first experience with him gave me the assurance that has made me to trade without fear of loosing
@@Haroldmeganyou don't need to be shocked because i'm also a huge beneficiary of Henne Nate
I'm so happy for taking the bold step in investing with him. What suprises me about him mostly is he gives his clients access to his trading site whereby they can monitor their trades on a daily basis
During a recession, many stocks and assets may be undervalued. I believe now is an ideal time to capitalize on the market for long-term gains, but it wouldn't hurt to know how to make short-term profit. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
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.
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Lisa Angelique Abel is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Peter Schiff is so brutally honest about the state of the financial markets that nobody invites him to their show. If you ever wonder why prices are the way they are, how ponzi schemes thrive and how utterly financially illiterate the American politicians have become, check him out. His honesty has cost him airtime and presence. Peter's understanding of the true cost of a" free lunch" and what it means to those who recieve it are frightening
Frighteningly factual indeed
Like with every institution if there's no honesty at the top, it will fail
The problem is the more I learn about our politicians the more hope I lose in the system working. The rich get richer and lie their ass off while we are fighting over gun rights and trans bs
Peter's father Irwin died of cancer as a political prisoner of the US government. Peter and his family have paid dearly for their honesty. None of that is mentioned here.
Exactly right, he's also 100% correct about bitcoin and it being nothing more than a pump & dump ponzi scheme.
It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.
@Finest Bear Hug People do downplay the importance of expert counselors up until they experience the consequences of their errors. I wanted to stay afloat between the COVID outbreak and my early 2020 layoff, so I started looking for license advisors. My previously stagnant $325K reserve has so far created significant returns from subsequent investments owing to expert leadership by my FA, who can be found online. I was fortunate to come across someone with her level of practical knowledge and years of experience, and she helped me.
@@trazzpalmer3199 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
Right now, I'm literally hanging on by a straw, so your advice couldn't have come at a better time! I'll look her up on the internet and then give her a call.
@@trazzpalmer3199 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.
Times are weird. The US dollar is losing purchasing power due to inflation while strengthening against other currencies and assets. The stock market, real estate, crypto AND precious metals are down because people are fleeing to the "safety" of the dollar. where else can we put our investment money? I can't afford to see my savings of around $320,000 turn to dust in front of my eyes.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Eileen Ruth Sparks, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000.
Sure, Fiduciary CFP are outperforming the market and generating good returns, but some charge a lot, as their services are currently in greater demand than ever.
Yes, they can have a positive impact on an individual's portfolio. Eileen’s strategy is transparent allowing full ownership of my tråding account and the fees are very reasonable compared to my return on investment
Out of curiosity, I searched for Eileen using her full name and she seems pretty tight and outstanding. I read her curriculum vitae, her school career. She is a fiduciary who will act in my best interest. So I booked a session with her on her contact webpage and hope she responds soon
Thank you for your hard work on these interviews, Jordan.
"Inflation is just another tax". My respect to Peter Schiff! ❤
A better one:
"Counterfeiting is criminal inflation"
"Inflation is legal counterfeiting"
Robert Breedlove
Why do you still support taxation (government)?
"Big Short" investor Steve Eisman said the sizzling stock market rally of 2023 can run on as long as the US economy stays strong. I’ve been sitting on over $345K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Man... What's so great about JP's interviews is that he brings his therapist style to it, meaning he actively listens, lets his guests speak, and has them systematically break down the complexity of their ideas for his viewers to understand. We don't get that with a lot of modern day journalists.
Ron Paul was possibly the only honest politician but he was honest
His son is also honest. Rand Paul would make a terrific president. Sadly, it will never happen.
I stand with Rand.
He was wonderful 🤍
I remember listening to Ron Paul back in 2007~8. He recomended The Law by Frederic Bastiat. I became a libertarian like in a month or two.
I was a Ron Paul delegate and so was my husband in 2008.
What an interview! Excellent. Listening to Peter never gets boring for me. Among all economic experts, Peter stands out as being sincere and explaining everything in terms that anyone with no background in economics can understand. Truth is , there is a perfect storm forming in America. Inflation, sever drought in the farm belt, the pandemic, food shortages, diesel fuel and heating fuel shortages, baby formula shortage, shortage of and price of available cars, the price of housing. It's all coming together and could lead to real disaster toward the end of this year.(or sooner)
🤖 comment! 26 minutes and 700 likes lol
Precisely! And the solution? For government to greatly reduce itself thus reduce it's power, and get out of the way of most if not all economic activity.
Thomas Sowell believes the Fed ought to be eliminated 🤓🤩
@@Andersonstew
Thomas Sowell and answer all your questions 🤩
Crazy lol? There is already AI here to spread propaganda or make advertisement among us. Be weary guys dont trust the machines. Humans are now forced to stop behaving like NPCs so we can differentiate us from machines better. What a time to be alive
It's estimated that Americans will need more than $1 million to retire comfortably, but I found most of us aren’t bullish about meeting that goal. I’ve been sitting on over $750K equity from a home sale and I want to invest on the stock market, how do I achieve this?
American workers are losing ground on retirement readiness and increasing the risk of outliving their assets, we all need to do more to help improve the savings and retirement security. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $250k to approx. $500k so far.
@tomychestnut5335 I wouldn't mind speaking with the advisor that leads you; I truly want to develop my retirement fund because I plan to retire in three years.
I started out with an FA named Debra Ella Nicholas Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
Thanks for sharing, needed this myself. I just looked her page up online and I would say she really does have an impressive background on investing
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
Wow I'm just shock you mentioned and recommended Expert Mrs Janet,I thought I'm the only trading with her
YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS JANET
Here in Texas Expert Mrs Janet carries out the both orientation and mentorship
potentials
I am a homeowner (who is satisfied with my home / no intention to move) and yet I'm still terrified by the insane explosion in home prices over the course of the past 3 years; primarily because I have three young children and I would like for them to be able to buy their own homes one day as well. Homeowners who get happy when the (supposed) "value" of their homes explodes upward are being shortsighted. The middle-class being priced out of the dignity of homeownership isn't good for any of us, whether we already own our homes or not.
See, the problem is, our wages haven’t increased to account for these things. They didn’t touch on this.
@@Liss1122 wages don't necessary need to increase but the cost of goods have to go down. It's what you keep at the end of the month that counts.
And as the price of your home went up, the municipal taxes are going to eat up your annual income?
The only ones who benefit from rising home prices are Banks (greater interest payments) & Government (increased property taxes). The homeowner gains nothing! Think about it, what have you gained? Home equity, so what. Allows you to take a home equity loan (more debt), bad idea. If you want to sell your home because the price went up, so did the price of the home you want to buy. Again, the homeowner gained nothing.
@@profit-engine8001 what if you sell your home and buy in a cheaper market with a potential for growth in the long term?
While watching this interview, one realizes that JP is not only an excellent orator but also an excellent listener. His ability to summarize Peter's long explanations into a succient summary was self evident and amazing.
Was thinking the same thing, I know Jordan Peterson is extremely intelligent but with how things are nowadays it’s refreshing to hear a clear understanding of economic forces, from a psychologist no less. Able to repeat and consolidate the information Mr. Schiff is presenting
Any comments on the discussion or just flattery?
Praise != flattery. Any actual criticism or just petty nitpicking?
He does that across topics and guests. Amazing ability to distill and summarize even complex ideas for the audience.
Listening is a skill. Repeating the message is verification of correctly received communication. Like a parity check in data transmission.
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
@@Brilliantrans I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?
@@Brilliantrans Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
It’s important to note that not all stocks are affected in the same way by inflation. It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $800k in a month during high inflation
I used to manage my stock portfolio by myself, all that time I did not make any significant returns (but also did not suffer losses).
Then out of nowhere 2008 happened, and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have been learning a lot about the stock market and I have made up to $3M in returns
I've been thinking of going this route of using an advisor. Could you recommend yours?
My advisor is “Sharon Louise Count”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
I searched her name and her website popped up immediately on google, interesting stuff so far, about to schedule a session with her.
This is good advice if the market were honest but stocks and bonds are priced in dollars which is a fiat currency so if the dollar is destroyed your investments will also be destroyed.
I have been watching Peter Sciff interviews for 10 years and I have never seen someone as adept as JBP at restraining his run on strings of thought and pressing him to respond to specifics to keep it a back and forth conversation
Felt the same way. I understand what Schiff says, but I feel that for someone who's more or less oblivious about economics or the history of economic policy, he's talking gibberish most of the time. Peterson keeps him in check in that regard.
yea, I really enjoyed the way the interview went.
@@gspolima Do you know what school of economics Peter subscribes? I'm curious if you know, if you do, please explain why you disagree with them.
What school/s of economic thought are you familiar and do you follow? That way I'll understand how you understand economic history and policy.
That way I can explain to you how your statements are incorrect.
Thanks!
@@timsession6736 what are you talking about. He's an Austrian. Read the guys text again
@@timsession6736 he pushes gold.... there is his agenda
Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bull-run, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?
It all depends on how long you're willing to hold for and your strategies, stocks might likely tank further, but making serious gains in this downtrend shouldn't be a problem if you're a pro
I noticed, a lot of folks are making huge 6figure killings in this downtrend, only just that such techniques are mostly successfully executed by folks with in-depth market knowledge.
@@marcelrobert9569 The US Stock market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science start. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfolio advisor.
@@henryCliffordJames Julie Anne Hoover is actually the one that guides me, she’s a highly-sought out adviser, so I’m not certain she’s accepting new intakes, but you can give it a shot. It wouldn’t be proper to just Leave her number Lying around, but she has a webpage you can look at if you Google her name.
@@charlotteflair1043 I did check her out, I see why she's booked up, her creds/resumé is topnotch. I booked a consultation with her regardless.
Peter Schiff is amazing - he's so articulate and yet uses so many analogies or references to drive the point home.
Exactly, he's trying to reach the maximum amount of people.
I'm so happy you interviewed Peter. I hope people listen and find Peter on CZcams if they want to learn about money and want the honest truth.
I lost a huge chunk of my portfolio while holding some coin last year,i also tried trading myself same losses. Pls are there any way I could make profits from the cryptomarket? I'm sick of holding
Investing with a professional trader assigned by a trading firm can be an effective way to generate returns in the crypto market.
I lost about $1,000 when I tried trading crypto for the first time on Binance. I guess I wasn't experienced enough.
@@Micheldevalon I think trading is easier with a professional mentor, it helps reduce the chance of running into losses.
@@Micheldevalon The first investment I had with a professional named Kathleen Susan, generated over $20,500 after two weeks of trading and she's been consistent ever since.
@@Michaelwarmbierton Wow you know mrs Kathleen Susan. She also trades for me too.. She helped me grow my crypto portfolio from $10k to $220k within three months she's incredible.
This was the most informative financial interview I have ever seen. Shouldn’t graduate high school without this. Great questions, great answers.
Also search The Money Masters, and The Biggest Scam Mike Maloney. Those videos should be seen by EVERYONE, to fully understand what's going on.
This conversation should be required learning for every econ 101 student.
it shouldn't because it is wrong. they have no real understanding on how monetary system works
@@Robis9267 explain it Einstein 😂
@@Robis9267That’s why they’re taking econ 101, to learn how it works. 💀
@@Robis9267 you are a clown
A staggering amount of information is contained in this interview. Can’t wait to listen to the whole thing!
Just remember that Shiff has been wrong about A LOT and you can't take his word for things.
@@GalactusOG Your statement is true, and of course true about every human being on earth. However, I can find ZERO flaws in his definition of inflation, nor in his analysis of its fundamental causes.
@@MrfishlouThe definition of inflation and it's causes are not some unknown thing. It's all fairly basic.
@@GalactusOG Most people don't even understand the basics of money and are living paycheque to paycheque, so people like that need a better understanding of inflation.
A staggering amount of misguided information..."tips for newbies"..."Buy my funds"...😅
According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
Currently, my primary worry is how to increase revenue during periods of quantitative easing. I cannot afford to witness my savings dwindle away.
@@Aziz__0 It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
@@kurttSchuster How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings, IRA and 401k accounts.
@@Harperrr.99 My financial advisor, "NICOLE DESIREE SIMON", is a highly qualified and experienced professional in the financial market. She possesses a broad understanding of portfolio diversification and is recognized as an expert in this field.
@@kurttSchuster Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies
An uptick in volatility is not necessarily a bad thing, there are opportunities to be found even in this whirlwind. volatility gives you a chance to rebalance... Netflix , Amazon , may have gotten beaten up, but they are still good companies.. You have to get a fiinancial-advisor/broker to aid you diversify your portfolio
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $150K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market
Please can you leave the info of your investment advisor here? I’m in dire need for one
My consultant is CHRISTINE ANN PODGORNY. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so
WOW THANKS, SHE REPLIED ME AND I ALSO SAW TESTIMONIES, I WILL WORK WITH HER
Saw a joke once, that Peter Schiff predicted 30 of the last 4 economic crises. Nice to see him reaching new audiences though. As a long time watcher of Schiff in the economic space, I'm excited to see Jordan interview him in particular because of his excellent active listening skills instead of seeking soundbites.
I have a broken clock that correctly predicts the time twice daily.
peter hasn't been predicting economic crises or recessions, he's been predicting the death of the dollar. Two completely different things if you actually understand what he's saying.
Been following Schiff since he appeared on Joe Rogan for his 2nd time back around 2015. He’s brilliant on free market and economics although I prefer Thomas Sowell. This is neat, what more evidence do people need to hate government?
@@tonyw205 It's really one and the same recession that he has been predicting for a long time, and he has admitted that he is suprised that it has taken so long for these problems to emerge. The core analysis that he has always given yhough is a sound one, namely that you can't build an economy on super low interest rates, ever increasing levels of debt etc. Most understand that that is something that can't go on forever, but it is quite impossible to predict exactly when the end of the line will be reached.
Schiff has been very accurate on the US and World Economy. He could NEVER have predicted the US Swamp filled Govt would ever unleash $30T into the economy to push the can down the road. When I first listened to Schiff the average cost of a US Home was $125K. A new car $10K. Health Ins $80 a month. Tuition $5K a year. Rent $500 a month. Food $ half of what it is now. Gallon of gas $1. Shall I go on ? Average price for a US Home today is $425K. That was a luxury home on the Ocean when Schiff was first sounding the warning alarm. Listen Mr Smugly- imagine you are a 26 year old college grad today getting married & starting a family. These kids must be terrified.
I admire Peter and Jordan. You can learn a lot from their podcast. Here's an anecdote: a few years ago, I opened an IRA account with Europacific Capital, which is led by Peter. When I was planning to move some funds to hyperbolic startup , Peter personally called me on my cell phone. It took me a while to believe it was him, but I really appreciated his phone call , he gave me 10 minutes lecture . it meant a lot. He was right - I preserved part of my wealth with his advice, and his recommended stocks are performing decently in this chaotic market.
I’m not a wealthy individual and possible that transaction was too little for him to give me a call but he took the time to do it . He is honest investor in this hyperbolic , hyper optimistic , unrealistic market and not afraid to hurt any feeling . Listen his podacast you would learn a lot with a touch of sarcastic humor .
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree with you, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems
My advisor is Eleanor Annette Eckhaus, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thanks i will keep making my research & also lookup your advisor on the web. I really appreciate the response, you have no clue how much it mean
Phew! Finally someone who explains economics in a manner that anyone can understand. I had pretty much given up trying to understand. Thanks to both you gentlemen!
Hopefully there is a housing market crash. Normal people are priced out of buying homes.
Economics is not conceptually difficult if you always frame the question in terms of what are the incentives operating in the problem and it's potential solutions. Economics is the psychology of incentives and the behavior it produces.
Where you at? Advisor in Ontario here, happy to help.
You should watch Peter’s podcast. He drops so much knowledge on economics / investing but also on politics, current events and history. He’s one of the rare persons that changes your way of thinking and not just your knowledge base.
Working with a financial expert could truly set you up for life. I'm delighted I was able to contact my coach Rodger Michael Karl 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. Rodger Michael Karl. Has helped us become debt-free and save for retirement."
I'm glad to hear that Rodger Michael Karl insights and strategies have been helpful to most of us. Remember, success in trading and investing takes time and effort, but with dedication and discipline, it is achievable..
Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
I just discovered his outstanding resume when I searched for his name on Google. I count it a blessing that I came across this comment
Jesus Christ such obvious shilling!
@@WiolciaMrozowska531 Rodger Micheal Karl used to drink in my local bar.
Well I say drink, but mainly he sat in the corner talking to a chair and occasionally screaming hysterically at patrons who got within 6 ft of his table.
A financial professional you work with could really prepare you for life. I'm glad I was able to get in touch with my coach Rodger Michael Karl earlier this year because I was actively cashing out from my portfolio and finally earned over 370k just in the first quarter while everyone else was complaining about the downturn. Michael Rodger Karl. has assisted us in paying off our debt and saving for retirement.
I just discovered his outstanding resume when I searched for his name on Google. I count it a blessing that I came across this comment
_Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
Rodger Michael Karl insights and strategies have been helpful to most of us. Remember, success in trading and investing takes time and effort, but with dedication and discipline, it is achievable.
I agree. Based on personal experience working with Rodger Michael Karl, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Scam
"Inflation is taxation without legislation" Milton Friedman
That's theft
How fortunate we are to be able to eavesdrop on the conversation of these two brilliant men.
Thank you CZcams....at least for that.
Love listening to brilliant minds; so much garbage being fed to the ignorant and they're sopping it up. Sick!!
Nobody... Is eavesdropping... These men... Recorded the whole thing... For you to listen... And sell advertisements... Fool...
'Women are right, and men are wrong' -Petersimp
@@bleachdiet559 When great men led this nation the country was great.
The collapse of Margin debt leads to a decrease in stock prices and triggers a wave of selling as investors try to cover their losses, Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $145K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
I'll suggest you find a mentor or someone with experience to guide you, especially in this recession. especially for your 401K, IRA and portfolio diversification.
I agree, I thought I was doing alright profit-wise, until I needed assistance with diversification, I reached out to a financial advisor and in less than a year I was just $51,000 shy away from $640k which is like 7x more than I make on my own..
I've been thinking of going that route has been holding on to a bunch of stocks that keep tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio restructuring.
I've shuffled through a few advisors in the past, and *MARTHA ALONSO HARA* remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her details can be found on the net, so you can confirm yourself.
Thank you, I just looked her up on the internet and looked into her credentials. I wrote her a mail outlining my financial objectives and planned a call with her.
Peter Schiff is one of the greatest minds on 21st century
Jordan is a brilliant listener, he seems to be effortlessly able to summarise a long explanation statement into a sentence or two without misrepresentation or omission. Truly wisdom is in one's ability to listen, learn, critique, find the questions remaining, and recall in application or summarise simply. If someone can simply and honestly summarise with veracity, you know they understand the subject or statement. They are likely able to explain why it is true or false, it doesn't matter if everyone or no one believes him, that's a "you problem". Essence of humbleness. The wise are respectfully humble.
I think they both knew already what they were going to say. JP is definitely a pro listener however I’m pretty sure he prepared for the interview in advance.
He’s a complete fraud who says nothing but uses hundreds of words to say it. He goes to Serbia and Moscow for quack medical treatments.
his mind is amazing
Do you want freedom or be taken care of? That hits true.
Most North Americans want to be taken care of and will oppress anyone that forces freedom on them.
I've often found Peter Schiff to be difficult to listen to. But, I very much appreciate the way Jordan kept him grounded in this interview. Well done gentlemen.
Thank you so much Mr Peterson for your presence on this planet🙏🙏🙏🙏🙏
Wow I can't believe these two came together for a discussion. Two of my favorite thinkers. Thank you guys.
I have read books, watched videos, and podcasts from these two men over the last 15 years or so. I consider them two of the smartest people alive right now. To see them talking to each other has total reinforced my opinion of both. They speak without fear. Time has defended them as truth speakers. Pay attention.
If Schiff is so smart (which I question), why has he NOT ONCE, NOT ONE SINGLE TIME in the past decade brought up the fact that Corporate interests are more influential on government policy and legislation than the opinions, will or votes of the people? Why does Schiff NEVER talk about corporations? Always just government. John W. please understand that Schiff is little more than an old fashioned Jewish Gold peddling putz. Yes really.
Truth telling is such a radical act at the moment.
Remember that Peter is in the business of selling gold
Marc Faber , Rick Rule
@@K0ukku no he’s first and foremost a funds and asset manager . The gold business he doesn’t even own anymore and was just started to make sure clients didn’t get ripped off by companies pushing gold numismatics instead of bullion
The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $400k worth of stocks?
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@Brilliantrans That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
We enjoyed the crystal clear discussion in 'Economic Storms are Coming', featuring the esteemed Mr. Peter Schiff and Dr. Jordan B Peterson. Both Schiff and Peterson are true luminaries in their fields - business, politics, economics and psychology.
Schiff's relentless commitment to promoting economic literacy and his tenacity in the private sector, particularly with his gold business and numerous financial ventures, are a testament to his dedication. Beyond his entrepreneurial endeavours, Schiff's commitment to providing a financial safety net for the public highlights his role as a protector of the public's financial well-being and solidify his role as guardian of public economic, business, and economic health. His comprehensive and intricate radio streams and podcasts may be complex, but they reflect his commitment to sharing valuable insights with the public. Additionally, Schiff's deep sense of political responsibility to elucidate public understanding on governance issues is truly commendable. His forthright communication of ethical governance principles has become a cornerstone for many. Our hope is that the excellence in teaching that Mr. Schiff demonstrates, whether it's in Austrian economics, business, or politics, is recognized universally. We wish that one day the Austrian School of Economics considers awarding Mr. Schiff with an honorary degree to respect and acknowledge his status as a teacher or professor of the world in these critical domains of business, economics and political theory, if not at the very least in economics. We eagerly anticipate more of such compelling and enlightening discussions."
Similarly, Dr. Peterson, a true Canadian hero, tirelessly advocates for his fellow citizens. His unwavering support for free speech and his efforts to promote critical thinking resonate with many, making him a beacon of hope in these challenging times.
Both Schiff and Peterson, in their unique ways, demonstrate an unyielding commitment to public service, public safety and intellectual enrichment. As pertaining to Canada, this commitment is echoed by Pierre Poilievre, who has emerged as a significant figure for his people and for humanity as part of his own heroic journey.
We hold immense appreciation for their tireless efforts to foster understanding and encourage forward-thinking in their respective domains.
Peter is an absolute legend and I know JP has stated he's been working on understanding economics better; well he'll be hard pressed to find a better teacher than this. 👏👏👏
Schiff says some true things, but when it comes to macroeconomics and the global banking system, I think he's stuck in a sophomoric understanding. Remember, he's he's gold salesman, he will always be saying that the dollar will collapse.
Peter is an insufferable con artist.
@@dalejames486 Unfortunatel this is true. But it's a little ask to make your mind up about this yourself. The rest is really sound information and it's free
@@dalejames486 on the flip side the banks, federal reserve and government constantly tell us we have a sound banking system and they can “avoid” a collapse and unlike the gold salesmen the others control the system
@@YHirschmeier What? If you think what he’s saying is good information, then how could retailing gold be a problem?
Businesses buy at wholesale prices and sell at retail prices.
He’s not selling his own gold.
I’ve been waiting for this podcast since 2017
Schiff has been waiting for a dollar collapse since 2012.
Peter Schiff is excellent. I have been following him for years. Thank you for this podcast!
Listening to these two intelligent men use rationality to inform us is a refreshing opportunity for all of us to learn, and a reminder of what is possible on CZcams.
Peter is never boring. Can always listen to him, because he explains the best
He knows how to sell but trust me he's not 100% accurate. Definitely has his own interests in mind often times. He's extremely smart and aware of current events but biased towards certain investment( like gold) . Always in my roster of economists to listen too but I don't want u to miss the rest, there are some things he's just not knowledgeable of yet( he's said himself like blockchain)
@C Hen hm not really. The only thing he got wrong was btc price wich he admitted many times.
Actually that´s the only thing he is right with. Crypto is a huge ponzi scheme, obv. But all those other crisis are serving his purpose of selling his zero-profit-funds.
@@chen661 He's a "sky is falling" soothe sayer for those who love doom and gloom stories. That's all they are is stories. I see Peter Schiff and scroll past
Yeah, Peter is like an economist, historian, philosopher and professor, all in one. I've learned so much from him, since 2008.
FINALLY PETER SCHIFF. WHAT TOOK SO LONG!! Much love. True Libertarian Economist. Better than any economist.
I think Jeff Booth and Robert Breedlove do even better.
@@dustinabc Not a chance.
Sowell BTFO's them all. ❤
@Publius I like Sowell, but he just doesn't make as much content as Peter, so I've learned a lot more by watching Peter because he just puts a lot more content out there lol, but I did really enjoy reading Sowell's books that's for sure
Peter Schiff is not an economist.
Milton Friedman was superior imo. Not only as an economist who put forward theories and advanced economic science, but also as a communicator who made economics and free market ideas accessible to anybody.
I really enjoy the education from good people, who’s with it!
This was a gem. Appreciate that we get this for free.
Peters book: How an Economy Grows and Why It Crashes, has to be one of the best and most accessible books ever written on economics.
The ability to disseminate complicated, technical material so that it's accessible and understandable to hillbillies like myself, might be Dr. Peterson's greatest contribution to this age. I'm forever grateful.
Russia backed its currency with gold over 20 years ago, and developed oil, gas, fertilizer, grain, and now is independent from the west 😂.
The sanctions placed by the west are damaging the west, and Putin asked to join NATO 20 years ago, but USA and Europe needed a scapegoat.😂
Amen to that.... Same😅. I think we have been way more educated now than ever before....not just because of tech alone, because there is so much garbage info/nonsense uploaded daily, but because of people like Jordan and so many others who really are trying to have as much of a positive /educational impact on our lives as possible and for our future. As someone whom is not educated in all the ways I should be.... I have learned more in these last 5 years compared to the majority of my years before. For that I am so thankful. We may not always be right..but moving forward and evolving with the truth is the best we can do for one another and ourselves.
Even Vladimir Lenin said the best way to destroy Capitalism was to debauch the currency. I don’t see what is so complicated. It even brought down the Roman Empire.
Peter and Jordan were some of the first people I ever watched on social media back in 2017.
Great to see them both collab
I loved this video!! This took me 6 hours to watch and not because I am unintelligent nor tech averse. It was because the only financial education I received was Mathematics in High School and one required course in Economics in University. I constantly rewound the video, wrote notes, googled terms, and researched background info (the info rabbit hole WE ALL fall into that soaks up days!) I even broke open my old University days Merriam-Webster dictionary! (still wrapped in the beer stained cellophane, embarrassingly enough)
This video made me realize how much we have failed, both ourselves and our children, on financial literacy and education. It is a crime, an academic crime that so few people actually understand money mechanics, who creates the money supply, how the money supply is created, and the dynamics involved with governments, the economy, stock markets, and taxation. How can, we the people, hold our politicians accountable if only a handful of us understand how money works! This video was a slap in my ignorant face.
This video also made me acutely depressed about the quote uttered by Nathan Mayer Rothschild:
_"I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls the British money supply controls the British Empire, and I control the British money supply."_
Which means to me: If you own the money supply of a sovereign country, then the laws of said country meaning nothing to you.
Also search The Money Masters, and The Biggest Scam Mike Maloney. Those videos should be seen by EVERYONE, to fully understand what's going on.
Zeitgeist the movie. Still available on CZcams.
Funnily, it's labeled as misinformation.
Man I enjoyed this one Jordan. More investment and economics podcasts please.
So happy to see two of my favorite people speak with each other! Thank you Jordan and Peter for all you do! God Bless!
Thank you Jordan for enduring so much criticism over the years to bring you to great opportunities and conversations like this! God has blessed!
This was a very pleasant surprise to see Peter on this show!!! These guys are the best!!
First time I have ever listened to Peter Schiff‼️👍👍. Where have you been all my life??? Fantastic interview and Peter has a way of putting it that paints the picture succinctly thank you Doc‼️
I remember when Peter predicted the fed was going to call inflation “transient inflation.” They called it “transitory,” but he was on point.
He’s fun to listen to, but if you look at his firms investment history he’s never made money for clients basically ever. He didnt even protect his clients when he called the housing bubble. Your better off buying a low interest t bill then giving this guy your money.
I did not enjoy this discussion. although Peter is incredibly consistent in his presentation and belief, I did not see an ability to discuss things in a more detailed manner. Imo he trying to push his book and offload gold because it’s crap.
Peter is smart. He knows everything,he thinks.
@@teridacktaljones4553 yeh, smart in that he got on to Jordan Petersons podcast so he could shill his gold and mutual fund
Peter said not buy bitcoin when it was 10 USD.
I learned a few days ago: Inflation is legalized counterfeiting, and counterfeiting is illegal inflation.
Robert Breedlove on Tom Bilyeu's (sp?) channel?
Lol no it's not.
It sounds cool and I'm sure you'll get a lot of likes. But really it isn't
Inflation is not a legalized "thing" it is a resulting symptom of printing money. Counterfitting is not illegal just because it causes inflation.
@@pianochannel100 Inflation is the expansion of the money supply. The resulting price increases are just that, price increases. There has been a disingenuous shift in the definition towards what I assume you define as inflation aka the price increases resulting from the expansion of the money supply. Peter covers this in the first 10 minutes.
Just like Direct taxation and Freedom cannot coexist.
I use my phone 3 hours in a day and i spend 2 hours watching jordan peterson ❤ This man helped me to understand the definition of life and how the world works. Thanks for everything Man
Waste of time
Back to school of economics !
Schiff knows his Schitt.
Thx fellas 🤜🏻🤛🏼
As usual Peter hits it out of the park. I’ve been reading and listening to Peter since 2008. Having Jordan interview him opens up a massive audience to his rational libertarian commentary about the state of economic affairs in the USA and Canada.
Thanks Jordan! Keep up the phenomenal work.
Have you tried any of his investment products? I’m considering europac
@@lacticaddictluke If you're a smaller investor it's a lower entry amount to get into the funds through Charles Shwabb then it would be directly though them. Cheers
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People need to demand that this stuff must be taught in schools across the country
These 2 guys changed the way I view a lot of things
Love Peter, thanks for having him on JP.
Peter may be considered a Permabear, but he was educated just like I was on how efficient capital markets should work.
Sadly big government has been growing ever since 08, and they are essentially asset stripping the low and middle class via poor government spending, and through increasing money supply.
Lol
The Federal Reserve System is Big Government so at least since 1913. It is an economic system that need crisis after crisis to stay in power.
the situation is PERMA bearish, the problem is as always one of timing.
"he was educated just like I was" how and where did you receive such education?
@@kanaikid619 lmao fr
Take a drink every time Peter says gold!!
Mr peterson i dont know if you read the comments but sir you have become a big part of me understanding the world and myself and while i was so sick with cancer you gave me enjoyment and peace and like i said a understanding of myself i wouldnt have found without you. Thankyou
thank you Jordan for the reasoned interview with Peter, this was the best interview I have ever heard with him
Always happy to see more people exposed to Peter, I hope more people start listening to his warnings
@Gyrate why are brics nations/central banks buying gold at record rates? are precious metals being printed? 😂
@Gyrate keep betting against precious metals and lets see how well you've done in the next 5 years. But note: the past 5 years is not a reliable guide to the next 5 years.
@Gyrate you are delusional. How can you even think that efficiencies in technology could ever match the massive increase in money supply and debt? In just 18 months they increased money supply by around 50%! Do you think that car makers, hairdressers, hen breeders, petrol refiners etc. have increased their productions as much as the money supply has increased, and will continue to? If you do, then that's just ignorance and delusion.
He's been saying the same warnings (plus piss poor investment advice return wise) since 2001.
I like his warning that Bitcoin will go to zero, for the past 8 years. That must be on record as the worst call ever since its gone up by thousands of percent.
Would’ve liked it twice if I could! Great talk, great quality! As always absolute pleasure to watch and to listen! Thank you Dr. Peterson for all the hard work! 👍
Awesome content. Thank you for the work you do and information you provide.
1:50 - Peter Schiff's antecedents. Called the housing crises 2008
3:20 - Inflation as a massive threat
4:20 - Career politicians only care about themselves. Care primarily about re-election.
6:00 - National interest is sacrificed by politicians. Politicians are very good liars. Same thing with Lawyers.
8:50 - Introducing FIAT Money.
9:00 - Defining Inflation "Expansion of the money supply"
16:20 - Quantitative easing just another way of saying INFLATION
19:20 - Good Debt vs Bad Debt
22:00 - How is inflation calculated? A big Fraud. Change in CPI - Consumer Price Index
31:05 - Illusions, deceit, dishonety of politicians.
32:00 - Massive weight of the U.S GOVTS DEBTS.
36:00 - Borrowing from the future. Times where its permissible.
38:05 - "Stealing from the future"
43:30 - Substitute money.
43:50 - "The DOLLAR is the cleanest shirt in the hamper" LOL
44:50 - Why the Govt is the biggest debtor
- 48:00 "America lives beyond its means because of the dollar STATUS"
50:09 - Jordans summary for this segment
51:10 - Where do we go when the DOLLAR FAILS????
52:10 - The alternative for the dollar is GOLD! Gold works as money
56:30 - GOLD and its intrisic value.
Thank you.
I appreciate you ❤
Much appreciated ❤❤
🙏🏾🙏🏾🙏🏾
Nice man
I tried to explain how many definitions were changing in dictionaries for political and culture war reasons and found that the gen z people I was talking to (at work) didn't think it was a problem even though those definition changes ran counter to their interests. It seems they thought it was a small and esoteric problem compared the the issues they were most interested in. I suppose that they were also simply used to those definitions as they hadn't know others.
They're thoroughly ignorant of totalitarianism and have a normalcy bias and likely a "that can't happen here, that's a conspiracy theory" cope reaction to it even if you elaborated. Their generation has been conditioned to accept and even welcome it like possibly no other in history.
Oh man they should read animal farm
This is great. A simple concise explanation for the everyday person! Thank you both!
1:28:57 Thanks for that question Dr. Peterson. I was aching to make it myself and then you uttered it. Isn't it wonderful?
I can't believe I'm seeing this! I've been inspired and highly influenced by these two amazing men for the past 5 years! Seeing this reminds me of the feeling I had when I finally saw Pacquiao and Mayweather face each other, hopefully this one doesn't disappoint 😆
Excellent interview. I never get tired from listening to Peter. Among all economic experts, Peter comes out as genuine and he also explains everything in plain language that people without economic background can also understand. I am a big fan of Peter.
He's the Henry Hazlitt of our age- actually, he's the Irwin Schiff of our age.
Been enjoying Peter's takes for a long time. Good stuff.
@@gyratedotorgnot true
Schiff is right about plenty he's also a gold shill who doesn't own very much gold, and who attacks bitcoin for attention.
I’d love to see a convo between him and Milton Friedman. ❤️
Thank you, Dr. Peterson and Peter Schiff. Awesome interview!!