đŽ Bad News for Biden and the Economy - Ep 968
VloĆŸit
- Äas pĆidĂĄn 2. 08. 2024
- NetSuite is offering a one-of-a-kind flexible financing program. netsuite.com/gold
đš Sign up for Peter's most valuable insights at schiffsovereign.com
đ Invest like Peter: www.europac.com
đĄ Schiff Gold News: www.schiffgold.com/news
đ Book Store: schiffbooks.com
đ Follow Peter Schiff on Twitter: / peterschiff
đ Follow Peter Schiff on Instagram: / peterschiff
đ Follow Peter Schiff on TikTok: / peterschiffofficial
đ Follow Peter Schiff on Facebook: / peterschiff
Timestamps:
00:00 Introduction
00:59 Impressions of Gdansk, Poland
01:42 Analyzing the June Jobs Report
05:11 Government Jobs and Economic Impact
07:28 Unemployment Rates and Historical Context
21:07 Stock Market and Gold Performance
25:08 Bitcoin Market Analysis
30:10 Biden's Re-election and Mental Fitness
36:43 Biden's Debate Performance Under Scrutiny
38:16 Questioning Biden's Cognitive Health
39:49 Biden's Refusal to Take a Cognitive Test
41:21 Hypocrisy and Lies in Politics
43:27 Kamala Harris and the Future Presidency
44:23 Political Shifts in the UK
45:23 Economic Struggles and Political Consequences
49:34 Trump's Election Controversy
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. Iâm hitting numbers in the stock market I used to dream of⊠Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
She goes by ââAileen Gertrude Tippyâ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
6:15 can you give me an example of government workers that are "not" a net drain? Government lives at the expense of the people, meaning none of them are a net gain by default. Thank you, Peter.
I imagine he was thinking of cops, EMS and firefighters, which are generally the biggest government payrolls in any city, town or county.
They are basically mosquitos lol
Generally speaking, blanket statements always have exceptions. Regarding govt workers, what the person said about first responders and usually the type of work that prevents extreme negative externalities are good.
â@@justinle998..pimps...
Peter Schiff believes in limited government, not no government
Fantastic 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. .
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet..
Highly recommendedđ
âWow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people
I'm also a huge beneficiary of her..
I thought myself and my family were
the only ones enjoying Janet
trade benefits
is it really worth investing in stocks in 2024, Iâve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because Iâm in it for the long run, but how can one generate actual profit in this current market?
Palantir, ARM and Nvidia are all still good buy, but what do I know Iâm not a financial advisor lol
Based on personal experience working with an investment advisor, I currently have $1m 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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Annette Marie Holt' is her name. She is regarded as a genius in her area and works for Empower Financial Services. Sheâs quite known in her field, look-her up.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Not only did Biden not watch the debate, he wasn't even there when it happened.
Peter Schiff is like The Oracle to this Matrix we live in,
The weird thing is everything he says is just common sense.
Some the different job reports employment numbers and such I wouldn't know if I didn't watch but you most the economic stuff "should" be common sense
Glad youâre helping me from all this media gaslighting Peter, thanks for having the balls that the media doesnât have and the brains. â€â€
Poland is a great place because it has far fewer undesirable people
Yes, the eastern countries are the only ones left, the only issue is Putin is flying war planes over its borders.
filthy nationalists are Poles who refuse cultural enrichment LOL.Yeah,I know,I am one LOL
just changed the guy in charge .hungary allowed zero
â@lovly2cu725 Orban is doing good things for his country. Argentina is improving too. Thanks for getting the ball rolling!
Slo-mo Joeâs HO, HO, HO(s), werenât about the fourth, he was introducing Kamala, Nancy and AOC. LOL Merry fourth be with you! Been
The Gov't is DESPERATE.
Glad somebody else finally sees it.
I have Dementia, but I cannot remember if I have Dementia, 'how do you know?
''Know what' 'You have Dementia''
''Who has Dementia' 'You do''
''How do I know I have dementia" 'I just told you' 'Told me what'''
@@rrssmooth6643 excaktly jfb
HAHAHA! It's like John Locke said in the TV series LOST:
"Crazy people don't think they're going crazy. They think they're getting saner."
@rrssmooth6643 That reminds me of the old âwhoâs on first, whatâs on second, I donât know third baseâŠâ skit.
Youâre never alone with a schizophrenic. When you start answering yourself, when youâre talking to yourself. Me? Yes, you. Stop. I did. When?
Dementia and Alzheimerâs are really not a laughing matter. Their cumulative damages lead to the demise of my father, in about 6 years time. It was tragic seeing him just whither away, and nearly the death of my mother that took care of him until nearly the end. She had worn herself down to the point of getting Shingles (which are inflamed nerve endings. That Iâve heard described as feeling like being touched with a lit cigarette. This person had spots the size of freckles. Some of my momâs were more like the size of dimes. I donât want to imagine how painful they had to have been) Mom had them in her scalp, on her face and in HER EYES. Sheâs maybe 5â, 125 lbsâŠ.she literally looked like sheâd gone 5 rounds with Iron Mike.
She finally relented to having dad go to a nursing home, he didnât last a week. R.I.P. Dad! Iâ€ïžU
If anyone has family stricken by these terrible afflictions, and theyâre doing home-care, get HOSPICE involved and help the care-giver to know âwhen to say whenâ. Thereâs NO POINT in having any extra people succumb to these âthieves of soulsâ
See the film: "Memento"...
@@jjgregory4844
Forgot about the whos on first skit.
Dementia and alzheimers is terrible disease.
I am 26, Army Captain 2017-2019 Afghanistan: sir, I can tell you : in Cleveland where I am, part time $10:45( minimum wage in Ohio! Sometimes, you jump to $12:10! The actual unemployment rate is easily exceeding 7 percent! Just stumbled upon your channel! I am subscribed, after this message! Joey in Cleveland
Yes things arent as rosy as they say
thank you for your service. Your voice is important & powerful. Slavery still exists in a free country.
@@Jacob1986 YES! politics as per usual.
@kali542 I really want to thank you, for your kind words! They honestly mean a great deal to me!
Probably because you chose to go into a job that treats you like shit and not open a company. You wanted the hero stuff, you signed up for it, nothing has changed veterans always been treated like shit so get over it. We all are just peasants so the best thing you can do is work for yourself
If only Biden was as clear and cognizant as Peter Schiff
He's never been in 40 years, what makes you think he would now? đ
I would have a hard time thinking of anybody who is as clear and cognizant as Peter Schiff.
You don't want that! Biden causes enough problems when he's out to lunch. Just image how much worse the U.S would be if Joe had all of his marbles.
Clones gotta clone
Impossibility
Why would Biden rewatch a debate that he wouldnât remember watching?
Biden couldn't even remember if he was in the debate (as he was asleep standing on the podium).
Canât argue with either point
He prolly watched and wondered who the old white haired man was.
SCHIFF = PATRIOTIC GENIUS !!! đșđž đ«Ą
GdaĆsk and Polish Baltic Coast is really Pearl of Europe. Thank you Peter.
Because they haven't embraced the green new deal environmental regulating non sense they are still able to produce and manufacture effectively. Now America buys its steel from Poland to build our war ships tanks and anything the war machine needs steel for. Thank God for Poland we have an ally who can produce
Peter Schiff for president
I'd pay to see that!
Biden says if you fall down, you get back up. Well, when my Grandma fell down, it turned out she really needed a wheelchair.
"I've fallen down and I can't get up!" I well known commercial.
He's heading to the Disco right after the show! đș
Opening Discos for Boomers will save the world....make sure they open at 5PM Happy Hour.
Now thatâs funny đ
As a boomer I support this messageđ
Uncle Peter! Hope youâre having a great weekend!
Melissa Lee laughed at peter schiff now she is nowhere to be seen
is this on the internet somewhere?
Mike sailor is about to disappear too, dB Cooper style đ
@@ultramagalatino actually he's about to buy a whole lot more of BTC.
@@ultramagalatino ya
WHO ?
High inflation does not impact the rich who own real assets.
The people who are hit the hardest by inflation are poor people who do not own any real assets.
Yep, when the value of currency goes down, the value of products/assets goes up.
Exactly, The rich get richer. The poor get poorer.
EXACTLY!!!!! the rich just get stingier/penny pinch with how they spend their money even when their pockets are getting bigger
Peter Schiff has it right !
You should also talk about phantom job postings where so many companies post "vacant" positions that they NEVER intend to fill and instead are just doing this to make their company look good, reporting purposes, tax purposes and for other various reasons.
Yes fantastic point! I was once called in for extensive job interview,then later found out they was only doing it for quota purposes
How about to gather marketing info to fatten their email lists?
Great gmas going to work part time, minimum wage, no benefits. This is horrible 80 year olds NOW working, I worked my entire life retired, during THIS ADMINISTRATION was INSTALLED when inflation HIT HARD. At work now 4 AM @ 70 yrs old. Who can afford FOOD, UTILITIES, CAR INSURANCE, CAR PAYMENTS, RENT, MORTGAGE PAYMENTS, not including CABLE TV. Biden can drive thru McDonald's and see 4 himself if we didn't go back work we WOULD BE IN STREETS, and homeless is becoming more prominent across America (parents walking w kids in double strollers in hot heat) is REAL and seniors. SMH. Funny when you said "PUFFERS" Peter. Your exactly right thats why main stream media keeping you concealed from world. Have a beautiful vaca!â€
Excellent Peter, thank you!
Peter, youâre forgetting that BTC is the only investment that can offer you the possibility of a %100 loss while feeling intellectually superior!
Lol how true!
But I am feeling 101% loss so I am one better
Even the potential to go negative if it's not worth the energy it takes.
But Trump says he is a BiTCon man and will only permit BiTCon to be mined in the US.
It'll be the greatest thing the world has ever known.
Trump also stated he would put tariffs on China imports even after China said they will sop all imports to the US and will stop buying our oil.
Trump said he will punish any country that joins BRICS. It seems both candidates running for POTUS are a few cards short of a full deck of cards. I'd venture to say they are both hold 1/2 of a full card. each has a 2 but we don't know a two of what suit.
Good review
Thank you Peter! Appreciate your updates. Many of us trust your experience and judgement. Crazy times indeed. Lies R2B expected!
Gdansk is awesome. Dzenki Peter!
The story in the UK is not a shift to the left. In 2019, Nigel Farage stepped down candidates running against Conservatives to "Get Brexit done", and Cons got the biggest majority in history.
In 2024, Labour received fewer votes with just 33.8% of the votes, but Farage didn't step down candidates.
It was a defeat for both major parties, but one doesn't know it yet.
You are welcome here anytime anyday Mr peter.
Yt algorithm hiding your podcast
Summin ain't right
Naw I don't even follow him and it was top of my recommendations
Pre 9pm EST it has been up for over 4 hours, had 2 views and zero likes
Not true I don't even follow him and it was in my recommended feed
@@tomboyce6033yep the world is plotting to hide this hack! Thanks genius! Iâm not subscribed and trash popped up in my recommendations. Nobody is hiding this clown. He just is not that good!
Thanks for continuing to be a truth-teller.!
THANKS PETER â€â€â€â€â€â€
Your reading the Biden comment wrong. When he let slip "Ho-Ho-Ho", he was referring to Kamala's knick name.đđź
Yup the 70âs were a difficult time, I remember how my parentâs struggled to pay off a MT cattle ranch and many years the ranch lost money. Thankfully the 80âs were better and they were able to pay off the 3000 acres. Now part of the ranch is owned by a billionaire who uses it for elk hunting only.
You're right I always watch after the live. Thanks for all you do Peter.
Brilliant Peter. ThankYou
Great show Peter !
Good take. Thank you, Peter.
Whereâs my notification???
Thanks for your honesty!
57:32 "you never want to get into bed with the government because you know what they're going to do to you." đđđ
Also, Poland is a great European country ... still.
Poland is prolly the #1 country In Europe
The only thing working people care about is minimum wage, because that's where the competition for wages begins. It hasn't increased since 2009. Make Senile Joe work for 7.25.
Why would an adult work for minimum wage. There are job openings that pay higher.
@@bassmanjr100 You won't get paid more, unless the those at the bottom get paid more.
Peter Poland is the best tourist attraction in the world
look forward to these podcasts. Keep them coming.
THANK YOU !
Thanks for showing up for us
Lying until the very end is a second nature to most politicians, but especially the dems;
Come everyone give Peter a Like!
Spot on with the political commentary. Keep dealing the truth, Mr. Schiff!
thank you!
Peter, how do you like living in PR? I was there in 2017 and 2018 and loved it. Rincon is beautiful.
Everyone just wants CHANGE! So WHOEVER is in power, they want to vote them out!
Thatâs how we got Obama
Government growing is feasting on and strangling the carcass of the real economy. Someone without a real job in some office somewhere is telling a productive worker what they can not do.
There is a $50 fee and $5000 minimum on EPGIX. Thatâs too much for most people. Scrap the fee and reduce the minimum to $500
This is crazy all this time I didnt know Peter had his own show, I've been only seeing him his interviews on other peoples showsđ€Šđż
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
Yes I can believed that, I got victory with her, was so sad after receiving the first pay knowing I invested so low with fear
Merry Christmas, Peter!
Thanks
The hair says "I mean business", while the shirt says "I'm here to PARTY"!!!
âContact my firm. I think you should sell your Bitcoin now and buy these gold mining stocksâ đđđđ
Biden told me today that not pooping his pants was a win.
I was thinking about buying some Bitcorn, but Peter made some good arguments here with data about why not to do so quite yet.
How can we get thru this rough patch before and after election?
"Thank You Peter!"
Enjoy đđđ
Keep healthy and safe
People should really give Peter business and help his company make the spread. I've learned so much from Peter his company deserves it. Gold is only going higher and your only going to pay higher in the future so I would advocate for Peters business.
Iâm Peter and I approve this message.
@@ksmithpmp I approve of Peter's facts and honesty.
I heard that The government counts people who are on welfare as someone employed, and the payments they get as employed income. Is this true ?
If a Person has skills and earns money from that they are less controlled by the government as some person who only gets free things and needs to behave more to keep getting these.
Let's go, brandon!!
Trump is going to make it worse for you unless you are rich. Are you rich?
@@bpb5541please explain?
â Itâs not the most intelligent or the most strongest that survives itâs the one that can adapt to change â
- Charles Darwin
Pitty mostly zero scientists prescribe to Darwin theory any longer since we now know to much about DNA and mutations Darwin theory is simply implausible.
Gold stocks in Australia very sluggish - US / Intl stocks up >2pc on Friday in US. Only up 0.5pc in Australia today...
More likely the market goes up then down Peter. Once they drop the rate and side line money moves in.
Keep stacking silver!
amazing podcast! very fathomable.
happy travels Mr. Shiftâ€. thanks
Thank you Peter
Ive owned the GDX and GDXJ for the same time I've owned your gold fund. Why is my GDX & J up 28% and 36% while your fund is down 3%?
i can answer that - because western macro investors still don't believe the gold bull.
â@jeravincer yeah right on! Wait till after the election
@@jeravincer Tell me you don't know what the gdx/j is without telling me you don't know what the gdx/j is.
@@user-bz8dv3lx5x ah yes - I read that post too fast for my own good
@@user-bz8dv3lx5x any original thoughts?
He should have never been INSTALLED!!!
People were tricked
They want people to be patriotic, and this is what they give people in return! How the system works to today is beyond normal logic.
Dominion does not care.
I'd said for 20 years since paper ballots went away they can make those digital numbers whatever they like and no one knows. Seems like alot took that stance since 2020
Everything happens for a reason đ
Thanks, Peter.
Nice work keep them coming
They are playing game until something beak up than they have some excuses đ đ đ đ đ
A nickel is 16 percent above face, which is nice.
Thanks Peter
There's much more people today than back then
Ron Paul since the seventies ... Ron Paul influences millions
The dollar ĂŹs toast in the long run, we all know hyperinflation is the future! Plan accordingly!
Great discussion about the liars unemployment rate! Also, I really enjoyed your commentary about the false January 6 Trump insurrection. Pelosi and the Democrats set it up.
I agree, GdaĆsk is a very beautiful city.
Peter, please discuss Robert F. Kennedy Jr's chances to become president. Aside from his voice issue, he would be a great pick!
He is by far the best candidate running. He has a plan and integrity. You get used to his voice. He seems like a genuinely good man. He may be the change for the better America is looking for. I think he feels it's his destiny to fulfil what his father was doing when he was killed.
Nah.
Huge leftist and a huge scum bag
Zionist puppet
Rfk is the best choice for democrats to vote for. If they vote Biden they are suckers n loosers
Melissa Lee blows away fans in red frock
Hey Peter!
thank you great information and interesting points â€â€â€
Wonder why peter stopped telling people that it made bad economic sense to purchase a home?
If He did Buy a 6 Million home 10 Years ago his cost would have been 30% Cheaper now it is expensive ..
@@Jakkaribik1 that's what I'm saying...he preached on and on how utterly "stupid" it was to buy a house back 5-10 years ago...I've always liked him but even I knew that made no sense
Home ownership is part of being independent and a wise choice might wait awhile right now though with high intrest rates and pretty sure we are on another bubble that is soon to burst.
@@chelseasharp6959 He Has It all and does not need another House to buy even for him it would be very expensive so yeah he does not keep it interesting to talk about buying a house last time was probable 25 Years ago then he has other things to think about like family or the GOLD / Silver that was always for him great wealth because of work and personal investments.
He is Rich Talking about some Problems and others not like the Expensive Housing Market (People should have bought 10 Years ago for cheaper and better Prices)
@@chelseasharp6959 He Probably bought a home 25 Years ago what was the last time Money had any Real Meaning after that time he did not care much about telling people it is better to buy now a House than Later For Peter Gold and Silver because of Work was the Key,,
Personal Investments are Stocks in Gold Silver and what not along the way he could buy a House some Cars and many toys for the Children.
No Point getting Smart and telling people they get screwed over the Long Run even with Gold Inflation eats it up and the rest is not enought to outpace the Price of a House.
But Gold is like a Bank you keep it inside
Jim Rickards suggest $27,000.00;per oz gold would resolve the National debt...đ€
That is not true đąđąđąbecause the idiots gonna make another trillion in 100 days or less đ đ đ
@@rollokline4692 just for the sake of manipulation...it doesn't have to stay at $27,000.00 . Just long enough to pay off the debt then manipulate it back to market levels.
Well calculate USA 8.000 tonnes of Gold what the price must be to pay 35 Trilion dollars government debt
@@rogerburn5132 and who could be against the public holdings and an obvious improvement to quality of life that would be.
@@rogerburn5132 first there needs to be an audit to prove we still have the gold
There is a couple that are avid sailors that bought a solar boat and live on it. Itâs worth watching to learn from their issues.
Thanks Peter!!
Americans have a choice, Donald or Dementia.
Lets vote libertarian
Dementia or Narcissist.
Autocrat or democracy.
4 more years of the hell we got under Biden or 4 more good years that we had under Trump.
Giant meteor.
After watching Peter all these years, i just can't stand watching other CZcams talking heads. They just ramble on and on without really s a y ing anything important. Peter is a hero. Thank you Peter.
Thank you for this show
CNN should have had English subtitles for the debate.
Spot on Peter. Be well.