"This Will Collapse The US Dollar Any Day Now" - America's Biggest Ponzi Scheme | Peter Schiff
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- čas přidán 24. 07. 2024
- In this gripping clip of Impact Theory, Tom Bilyeu sits down with renowned economist and financial commentator Peter Schiff to unpack the looming economic catastrophe that threatens the United States. Schiff delivers a sobering analysis of the skyrocketing national debt, currently at $32.7 trillion, and rising interest rates that could cripple the economy. He explains why the U.S. government's financial strategies resemble a Ponzi scheme and argues that runaway inflation might be the only way out-a scenario that would devastate older generations while leaving younger people relatively unscathed.
Tom dives deep into Schiff's dire predictions, including the potential for mass defaults, crushing inflation, and the collapse of both public and private financial frameworks. Schiff urges listeners to hedge against this perilous economic landscape by investing in real assets and precious metals. He also explores the geopolitical implications and the possibility of Americans being driven to flee high taxation.
Join us for an eye-opening discussion that will challenge your perceptions and prepare you for what might come next, in an episode aptly titled: "This Will Collapse The US Dollar Any Day Now - America's Biggest Ponzi Scheme with Peter Schiff."
Chapters:
00:00 Rising interest rates could lead to collapse.
04:38 Predicted quantitative easing, debt at 32 trillion.
08:45 Government restructuring, spending cuts, debt negotiations, inflation.
13:01 Global citizens face tax challenges in Dubai.
13:54 Opposition to government control and support for freedom
Keywords:
rising interest rates, national debt, trillions of dollars, interest on debt, Medicare, Social Security, national defense, paying interest, inflation, borrowing, Fed slashing interest rates, default, municipal debt, corporate debt, refinancing, artificially low interest rates, financial crisis, bankruptcy, precious metals, inflation tax, real estate bubble, quantitative easing, debt ceiling, Ponzi scheme, Bernie Madoff, Treasury Secretary, citizenship renunciation, austerity, income tax, government spending cuts, creditor.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Not to blow her trumpet, but Svetlana Sarkisian Chowdhury is exceptional in navigating tough markets. She has been planner ever since we met in London global economy conference. she's verifiable , so you could just search her and book an apointment. good luck!
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Who is the driving force behind your success?
Jenienne Miniter Fagan is exceptional in navigating tough markets. She has been of great help. she's verifiable , so you could just search her and book an apointment. good luck!
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I've been with ''Jenienne Miniter Fagan'' for the last five years or so, and her returns have been pretty much amazing
The specific economic structure and resilience of each region play a crucial role in determining the impact
Governments and central banks typically respond with a mix of monetary and fiscal policies. Central banks might lower interest rates or provide liquidity to financial institutions
The impact of an economic crisis can vary significantly by region. Developed economies may have more tools and resources to manage crises, while emerging economies might face greater challenges
An economic crisis can have widespread impacts on the global economy, affecting everything from financial markets to employment rates. It often leads to reduced economic activity, higher unemployment, and financial instability
Persistent inflation can lead to long-term economic challenges, such as reduced consumer confidence, increased costs for businesses, and potential slowdowns in economic growth. It can also influence government policies and international trade dynamics as countries try to manage inflation
With prices seemingly going up on everything, I'm not sure how to protect my finances
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?
Sonya Lee Mitchell is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.
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 email shortly.
I lived in Pittsburgh. Now I'm in Estonia.
LEAVE THE UNITED STATES!!!
America died with Kennedy.
Kennedy was a hack. Just one of his policies has done in America. You better pray, Russia doesn't want Estonia back. lol
Every time things get bad in the US the rest of the world does way worse. The US won't last forever but given our surpluses of things that matter: land, food, energy, and security, we'll be the last country to fall.
@@louprado8319lmao ok enjoy
@@rawwordWe certainly shall
@@louprado8319Yeah that was before dedollarisation. The US dollar is a sinking ship. More and more countries are abandoning the dollar. So, when the US falls the fallout wont be as bad for those countries that have dedollarised.
Welcome to Zimbabwe, Americans!
Rhodesia* Zimbabwe is as legit as Isreal is.
Na, we have guns.
Let's enjoy the spending while we can! Spend MORE, let's approve more spending, more monetization. No one can tell the US what to do!
😂😂😂😂😂😂😂😂😂😂
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🙂🤣
You said you think that a XAI80K will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?
You’re black
Man look at all these scam bots posting about XAI80K. Disgusting
The problem equally as big is it took me to report and discard of all the scams since no one else would after hours of this video being put up.
There is a fool born every minute.
@@douglassmith9445 I was doing the same. Good on you.
Lots of scammers on other channels as well. It gets worse and worse over time.
@@bitpilot79 Sign of the times, IMO.
We need to focus on growing food and helping each other. This ponzi is over. People living on the streets already
64 and on the street. Street or live with convicts being housed by hud co-ops. I was threatened with a fire arm, knives, they raised the rent and the felons were all left alone. Many fled. Knives in apartment doors. They have banded together running the building.
We wish you well
Americans don't believe it. Still living it up. Spending money. Holiday celebrations. Out to eat. Out of town trips. Americans will never believe it until it happens
The food system and farms are also
under attack.
Intergenerational family, tight community, life skills, knowledge of the natural world & our place in it, and our wealth have been wrestled away from us… we need to be the seeds of those good ways.
Whoever thought the American dream, would be to leave….😢
It's certainly starting to feel that way.
Oof.
That’s why we need the wall built!!!
economy is beyond walls, imf needs to out of the wall if build a wall around it your wall becomes costly prison😂😂@@JV-zt8lc
economy is beyond walls, imf needs to out of the wall if build a wall around it your wall becomes costly prison😂
“DO THIS AND ACQUIRE WEALTH” steps below...
My decision on my finances gained so much (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house yesterday and, hoping to retire soon.
ELIZABETH GREEN HUNTS
Get to her with her name..
Good I got here. Big Thanks
Great info..
Very good calls regarding XAI80K! It’s now either make it or break it for XAI80K ! I would love to hear what are your targets moving up.
BOTS HAVING SEX!! LOOK OUT!!! DANGER!!! HIDE YO KIDS. HIDE YO WIFE. BOTS ARE EVERYWHERE!!!
We live in a corrupted society
It is called Capitalism.
@@rubberyowen1469 This isn't capitalism you che gueverra jr dunce.
thanks for bringing up XAI80K pair - Watching all your videos when I get notified
Got in at XAI80K at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.
Bull $hit
Just swapped all of my last ETH and swapped it into XAI80K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Have fun losing all your money in a speculative market filled with scammers
Bots
Project of the year 2024 easily
I hope more people will see that this can save everything even now
Presale is till live, just got mine.
Binance listing XAI80K is definitely around the corner is just a matter of time and patience.
There is a fool born every minute.
Booottttssssss
Money is not going to matter for whats coming to this country
whats coming?
@@rmg2419. Gods’ judgement.
Q
Someone wants the legacy of
SAVING THE US DOLLAR 💵
Good to have a little bit of alternatives
Just in case: bitcoin, ethereum, Dogecoin, xrp, gold, silver, copper.
FOOD
CLOTHING
SHELTER
A BARTERING/TRADE NETWORK OF REAL PEOPLE.
Q❤
@@rmg2419death and destruction
yesh. 'cryin' won't help ya, prayin' won't do you no good.' - LedZepplin, 'WTLB'.
This is a perplexing economy. Some people claim that this is the strongest economy ever, and I am aware of what it took to bring our economy back from the abyss of a pandemic to its current position as the strongest in the world. However, not everyone shares this opinion, and I want to focus on the finances today rather than the politics and emotions that surrounded the issue.
We experienced two straight quarters of negative GDP growth on July 28, 2022. All of a sudden, after a year of walking in the rain, you realize that you are wet.
The first three businesses that instantly came to mind were Dixon This pertains to the company's complete details in the Pro Investor membership. If you haven't already, glance out *Leah* *Foster* *Alderman* to view the Pro Investor membership. It's there that she discusses the membership. The goal of the entire procedure is to provide you with one stock from every sector in complete detail so you may do your own study of businesses from other industries. I suppose my perspective on hoarding versus spending is longer-term and extends beyond my immediate family.
Investing in bitcoin offers numerous benefits, such as a promising future. You are no longer the victim of theft.
I purchased 10K USD worth of Boden at.03 USD, but it's now.06 USD, lol. I'm holding this one until the elections in November 2024, when I believe it will hit 1-2 USD and have a huge effect on her when searched.
The token, XAI65K$, is mine! Fantastic play; excited for the remainder of this bull run!
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
nice! once you hit a big milestone, the next comes easier. How can i reach him, if you don't mind me asking?
Why is XAI80K doing so well? That is concerning to me.
It will crash soon.
BOTS HAVING SEX!!!
Our economy is struggling with uncertainties, housing issues, bad weather conditions,foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
I’d argue 40% tax bracket is already “high taxes” and I think we will see retirees start moving overseas
The biggest problem with the default is that ALL US citizens will be left holding the bag (~$100k each). It will be like a HOA assessment on your condo for 'repairs'.
I'm a millennial and I can definitely say that with the current political and economic conditions here in the US, expatriating or getting a second citizenship has been sounding like a really good idea.
Dude… if 🇺🇸 defaults and crashes. The rest of the world will also be in a bad way.
Where are u thinking of.... Saying same in UK..
Come here to australia or n.z. guys@@jamyDodger
@@jamyDodger This is the problem. It doesn't matter how bad our countries get if it's no better anywhere else. I think there's a few options right now, but I don't know for sure and would have to visit and spend 6-12 months in a few places to know.
Problem is the globalist agenda is being pushed world wide. There really aren't that many places. Usually the places with more freedom have less developed economies, so less pay. If you can work remote, it increases your options.
A government that fails to openly discuss the consequences of its overspending, will reap the grossest consequential forms of societal debts.
XAI80K going up like crazy! Pick up around 0.67 and now it’s hit $1! I wish i had bought more!😂😂😂
Go away bot. Nobody is going to buy your fake crypto BS
Bots at that 680 like for each separate comment 😂
Good luck with that. The only real money is physical gold and sliver.
Don't let the crypto crash distract you from the reality that Elon's new XAI80K is currently printing millionaires.
XAI80K is my biggest bag
The national debt load is going to hit $35T by September 2024. The average American doesn't care and wouldn't know what is the consequences. 😭😭😭
In July it is 35.7 T!
It's great that you teach about every area of life, including finance. We also try to educate and share knowledge, you are very inspirational.
You can say it and you can do it Peter, BUY BITCOIN.
Peter has been singing this song for a long time and I think he is close to being right. We need a reset people.
Best bet for 100x is going to be XAI80K , once its on major exchanges it will explode.
get away from it save yourself no sense of getting exploded
Put all your money into it man. Buy. Buy. Buy. Make sure to even bet your power bill so you won't be able to make comments either
Peter Schiff is right once every twenty years. But he is right.
he has been right for over 20 years when it comes to the math... he never thought it would get this insane... know this: the KABOOM IS HUUUGE.
A broken clock is right twice a day
❤😂❤
I’ve been listening to Peter since Crashproof. He’s the only one telling the truth as painful as it is. Any one who has 2 or more brain cells knows this is not sustainable long term. The boom is coming. I can only hope it arrives after I’m gone.
The U.S. dollar is,nt going anywhere. That is a ploy to get you too spend, not save.
@@BooBooSpider67So you think the endless money printing, massive growing debt, and reckless spending is sustainable? The consequences for spending like a drunken sailor will arrive someday. Maybe not tomorrow, but eventually.
Peter Schiff is the North Star of TRUTH, LOGIC AND COMMON SENSE; he has been consistent for over 20 years... I just shared his earliest videos with others to PROVE to them that the kaboom is ours and LONG in the making...
Peter Schiff is totally right regarding discrimination.
25 cent raise doesn't cut it anymore...
Unless you're working for pennies in Vietnam.
Yeah, you can't just ask for a 50% raise because life is expensive and you feel owed that because of inflation. Employer will find someone else or relocate to cheaper country, or automate you out. Inflation will be way worse for younget generstion than older imo.
The fact this dude thinks the youth can ask for more money is laughable.
He's more concerned with all the people that made these horrible choices than his grand children that will be left with the bag because he cannot retire in luxury.
While the rest of us will be working till we are dead.
I'm so tired of these bad actors.
Inflation is already destroying the country what does he think happens if we start default on our debt?
4:55 This interview is from 2023? Time to get Petey back on so that you don't have to upload old clips, even if still relevant.
I was just thinking isn't the national debt closer to 35 trillion now?
And the interest is already over 1 trillion a year
Thanks for not putting original air date in the shownotes. I looked
so frustrating IT never puts dates in their descriptions, specifically to deceive people into getting more views. it's Disingenuous Tom, do better
We are Soooooooooooo FOOOKED !!!!!!!!!!!!
Wait what, just leave? My parents raised me in a way that includes not quitting, questioning everything and live a straight and happy life.
The US defaulted on its debt twice previously. April 1933 & August 1971. You might want to look it up to understand the differences between then and now.
I think the correct term would be defaulted on their obligations. But yes, you're right.
If they don't default...austerity will be a motherfkr
If you look at the differences in years, it's about 35-40 years a major monetary event happens. 1933: Roosevelt made gold illegal to own. 1971: Nixon removed the US from the Gold Standard (Bretton-Woods). Difference from 1933: 38 years. 2008 Financial Crisis. Difference from 1971: 37 years. If this continues, the next major monetary event will be 2045 or so. My guess is that by 2045, we'll have 3 GENERATIONS retired (all Baby Boomers will most likely be deceased, Gen X and Millennials will be entering retirement) and not enough workers to replace them because Gen X and Millennials are having cats instead of babies.
Now we import about everything. Then we exported and where self sufficient
Sort of. Those were not unilateral defaults. There were four actually.
This may be the first time I’ve agreed with Mr. Schift.
Then you've not been paying attention before now. 😂
An interview with Ran Paul and Peter Schiff would be fascinating.
yeah, I'd love to watch that!
Someday.... The problem is you can't plan your life around the collapse of the empire because timing is everything.
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
The thing is this... the people in charge have two options. One option has an uncertain timeline and the other option has a very predictable timeline. We aren't sure how much longer we can push this down road with printing. But if we stop printing, the effect will be immediate and severe.
One bad outcome *might* happen under their watch, but the other one *will*
Correct. Path of least resistance is continue printing..by a wide margin..
However…the printing bonanza is really starting to impact the stability of core US institutions and the public’s confidence in them..
If the public at large loses confidence in the legal institutions..the state collapses..
So yeah..it’s basically over…party and enjoy life NOW…
@@Doberman_6773bingo!
Without regulation it would be
My only problem with the “they’ll just inflate away the debt” theory is that they keep adding to the debt faster than inflation. That seems to necessarily be a death spiral not an actual solution with a survivable ending
Who the heck can pay 1trillion in interest every 100 days. Apparently,not us.
Were about half -hair from meltdown
I don't know if he mentions this but Japan holds $1 trillion of US debt and they may need to sell it soon.
TOKYO -- Norinchukin Bank will sell more than 10 trillion yen ($63 billion) of its holdings of U.S. and European government bonds during the year ending March 2025 as it aims to stem its losses from bets on low-yield foreign bonds, a main cause of its deteriorating balance sheet, and lower the risks associated with holding foreign government bonds.
The company's net loss for the year ending March 2025, which was previously forecast to top 500 billion yen, will rise to the 1.5 trillion yen level with the bond sales.
Sounds peanuts to me, when you think about, the US borrows 1 tr. every 100 days.
@@0Turbox not when your currency derives its value from other countries also using it and buying your debt
@@ubongabasiefiok Last memo I got was, that the biggest debtors are switching from US treasuries to other assets.
@@0Turboxsounds to me like we're pretty deep in the vicious cycle. Managed "hyperinflation"... not really hyper, but sure ain't stagnant. In a way, pretty desirable for US gov't:
Madly rough, but Japan's US debt holding VALUE drops roughly 14%/yr at this point. Sounds to me like unloading might be wise.
Tax thing blows my mind. I worked in China with Americans and couldn't believe they had to do all their tax returns and pay taxes on their wages to the USA as well as China. Pure madness in the 'Land of the Free' 😊
Its insane that you have to pay taxes twice. You couldnt make this sh&t up really.
China's middle class is imploding. Everything is faked in China
Note, you can also avoid paying the tax by subsistence farming 😊
without cutting rates, a introduction to a "currency" will be ushered- by these "containers"
"Any day now" ...and this interview was in 2023 😂😂😂😂
Yes, the debt's out of control, but the sky is not falling ...yet.
Debt or no debt, life is a death sentence. On the bright side, it’s only temporary.
folks are insane on you tuber to believe them smh
The point is prepare in case, not to be the smartest person in the room. It’s about management of risk, not being the “gotcha” guy.
Oh it isnt, when did you shop last time? And you think inflation will drop when they keep on printing money?
Ok but every single good point that he has, do you dispute them?
Everyone talks about the debt but not the assets we have
The assets are called bonds, notes and bills a.k.a. debt.
@@goldeneggduck no they aren’t. They are military vehicles. And land. National parks. And buildings. We have something like 200 trillion in assets. It’s about debt to asset ratio. And we are fine
@@alexatedw. True, but the WEF, which controls our government, wants our destruction. Ergo…
Assets are only worth any thing if you can sell it . And China’s not allow to buy . 😂😂😂
@@alexatedw Will you be handing over military vehicles to people instead of pensions? I am not sure I am getting your point.
We all need to fight not leave, what happens when we all stop using the system plain and simple
Right now…I’d say the north bound traffic at the border is a little more concerning 😢
forsure
Those poor suckers still believe in an American dream (more like the American nightmare)
That's exactly what your politicians want you to focus on while the US loses its only moat - the usd
@@johnnyBrwn I don't focus on one particular issue....there's a laundry list of issues. That combined, are a systematic deconstruction of the country as we know it. And yes, including the devaluing of the currency 😥
F your clickbait. I’d be retired if I had a dollar for every dollar collapse video. “any day now” …as you’ve been saying for years
America has yet to learn the lesson about paying its debts. Don't worry. It's coming soon...
buy TQQQ
You'll know when the dollar collapses because it will be the last currency to collapse. It's dirty, but it's not the dirtiest shirt in the laundry.
oh ya we are in great shape lol
The congressional budget office said social security will be insolvent in 2033. Google it
I would ask him how do we spend less undefillot of aggression and threats towards us without depleting.Or lowering the level of defense we have
UsSA gvt pays the "fed" for money AND printing. The "fed" is not a gvt agency. It is held by individual banking families. It is Constitutionally illegal for US gvt to out source printing
according to the constitution only gold and silver can be money.
The solution just may be a little simpler ! Become again energy independent and then add INDIRECT taxes so that EVERYBODY pays taxes ! Not to the degree of Europe but somewhere between ! Then slash federal expenses. First : reduce the “defense” expenses by 50% and close down at least 5o% of the overseas bases. STOP the aggressive war mongering and seek to attract foreign business partners instead of pissing off everybody like JB does !
Why do we let banks dictate our lives?
you are pretty "inquisitive " for a slave .
My granddad always said the dollar will crash....he lived during the depression and warned whats coming will be worse than the depression
We're not fucking paying that shit. We know who's responsible for it. Make it their own personal debt and detach it from the taxpayers responsibility.
You pay with inflation
@@stefanonbekend8177 and who owns the Federal Reserve? Rothchilds. And what do they have in common with who owns the banks and media and Epstein?
Like I said, we know who’s responsible for it.
They need to seize assets and put these people in prison.
Problem is they’re too entrenched, everyone is bought, and nobody is willing to do anything about it.
He has been saying it for almost 5 yrs. 🤭
True, but he will be right eventually unless something vastly changes. It doesn't take a genius to figure out if you devalue a currency this much, and all around the world your currency is the world reserve---they will abandon your currency when they get properly set up to handle dropping you. It's no different than a spouse trying to leave a toxic financial marriage... they might have to put up a bunch of funds on the side and then take the leap.
Same problems around. UK... Immigration... It us a frickin island. Cost of living, inflation. The question is where is the safest place for your assets depending on your risk tolerance.
Peter is always so right! Thanks for sharing! ❤
That logic about being against building the wall is the stupidest reasons I have ever heard !!!!
Stupid! I thought realistically funny. Recall Thatchier telling Garbo “we have to build walls” to keep people coming into the country. U are building walls to keep people from leaving the country. What an irony 50 years can inject.
You need about 100 currencies to collapse before the dollar does, do yourself a favor and look up Peter Schiff interviews for the last 30 years. He's been saying exactly this, that long
All money is borrowed into existence. That's the ponzi.
You can go back to 1971 and create a thesis laying out exactly what is going to happen in the future. How long this goes on for is anyone's guess.
The US debt to GDP ratio is only second worse to Japan, and their currency is already crashing in purchasing power. Our US dollar may be the next to decline 20 - 30 % per month.
You think 30 years is a long time. It would be if Rome in fact fell in two years. Things don't work this way.
Who the fuck are they paying this debt to. Why did we allow it. And why are we paying their debt?
When you print your own currency, there is no consequence when the price is baseless. 2 generations from now, kids will wish they had the same opportunities Millennials had when houses were "only" 3.5 times their salaries
*Peters predictions never unfold!*
The natural occurrence now would be a major world war in which massive casualties will result in annulling or shifting the debt.
They will pull the biggest trick in history they will try to take ur soul
I'm 42, I've never seen the logic in putting back money that is only going to decrease in value. The interest gained usually isn't available, even if you live to see it.
Once the system explodes everyones money will get frozen and our money will be gone because the banks will steal it to save themselves all over the world😂😂😂
This is tragedy,not a comedy.
This is why in many eastern countries people hold gold. Cant trust the government, the fiat money or even that real estate won’t get taken off you. A well hidden gold bar is an amazing family insurance.
Can't steal what ain't there lol
@@curlcurllocal Can u eat gold?
No bail outs, but bail ins
We don't have to default - just pay that silly debt with printed dollars and be done with it. Of course, we'd never be able to run a deficit again, but I see that as a good thing!
You not understand
Keep up the great work🎉
I really appreciate your direct but humble interviewing style.
You leave space to discover and explore things along the way..❤
Who says you have to make an omelet for everyone to eat? Eat something else..hahaha 😅😂 😌
Gold.won't stop.3000 4000.5000.❤
I'm penciling in 12K .
Gold giving 15 % returns
2024 $2350
2050 $88,963
$2350 15% 26 years =$ 88,963❤❤❤❤❤❤❤❤❤❤❤
@@SabySoni-dj6rmnow do Bitcoin
Warren Buffett, CEO of Berkshire Hathaway, recently said at his firm's annual conference that they sent the federal government a $4 billion check for taxes in 2023. Berkshire Hathaway did well and were able to pay their taxes without problem. Buffett also said that if other American corporations had the same corporate responsibility to pay their share of taxes, as Berkshire Hathaway has done, our national debt would go to zero and that no American would have to pay a federal tax. Buffett is a capitalist and I think his politics are neutral.
Buffet is talking out of both sides of his mouth. First of all if he wanted to pay more in taxes he has the freedom to do so, but like all of us he tries to minimize his tax burden. Second, the government will always spend more than they make even if we paid 100% in taxes. It's a spending problem not a lack of tax problem. Third, taxes are a net waste of the economy. They are literally unproductive spending. Some of it is necessary such as having a strong military to deter any would be conqueror, but most of it is unconstitutional and a waste. The money would be better spent by the individuals who earned it.
You're forgetting one important thing, the infrastructure needs to be paid for. Taxes are necessary for this reason alone. Buffet is right obviously. Government spending is out of control and the only way is to massively cut funding to these three letter agencies.
the deficit would go to zero, not the debt
The government is racking up debt at $11 billion a day, so what's $4 billion a year. The numbers are so large that it's literally incomprehensible.
The Bernie Madoff joke was funny. Peter annoys me to no end but I agree with him often. He is pretty darn funny.
My good friends moved to Mexico and are living a great life on 50% of what it cost them to live in the U.S.. ironic !
10 years later this guy is still selling the same nightmare.....
He's not the only one. There are many others who have been on here since 2008 forecasting our d3ath.
Everything he just said is 100% accurate. Hyperinflation is coming. It cannot be avoided. And when you combine that with the fact that the average person is highly leveraged (debt) and doesn’t even have $500 for an emergency…….how will they feed their kids? What will they be willing to do? Chaos is coming.
@@Kris-mj3xr 😂😂
Because as long as they can manipulate this nightmare they will.. he speaks from a world where reality hits and they are not endlessly manipulating the economy. At some point reality hits.. it's funny money in a keynsian economic system.. it can't last forever..all fiat systems have collapsed..as will this. Were teetering on a cliff.. not to mention the BRICS devaluing the dollar and transacting in their own currencies for trade. All they did was put a band aide on 08.. america is in collapse culturally, socially, and economicly. one can't see it when your in it.. they will write about it in the future summed up into a chapter as they have the rest of history.
Youre not even a real person.
Investing now is tough. The market is so volatile.
Totally. Inflation is killing the value of our money. Even when we think we're gaining, we're actually losing.
And interest rates! You never know what the Fed will do next. It's a guessing game.
ETFs seemed like a safe bet, but some of them track markets that are just too unpredictable.
There's too much information out there. It's hard to know who or what to trust.
Yeah, Nelson Maynard fisher's insights are solid. He really understands the market and helps navigate these turbulent times,his highly recommended
Well done guys. Thanks 👍
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer....
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm new at this, please how can I reach her?
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Natalie Strayer for I and my family
US spending too much on war aggression, over sea military bases, military equipment's, military donation and poor management of human development.
$5000 to give up citizenship!?! Woah😮 so when someone says “don’t like it go somewhere else” that’s actually not possible for everyone as so many people live paycheque to paycheque
Peter schiffs made a career out of doom preaching … while he speaks truth he is exaggerating to keep people on edge and also sell products and keep people listening to him.
Well the thing is... The doom preaching actually contributes to the doom because it changes people's behaviors, financial or otherwise. If you think the economy is going to collapse you're going to behave differently than if you think the economy is strong. Perception drives reality.
@@limitisillusion7 true, seems like it’s progressing rapidly with big decrease in citizens spending due to terrible government and worldwide issues. Hoping for a big paradigm shift soon but not gonna hold my breath and try to prepare as best I can.
@@Hogo69 You do you, but understand that every moment you spend preparing for collapse is a moment less you spend contributing to the paradigm shift. It's doesn't happen on its own. Fear of a terrible future drives completely different behaviors than excitement about a better future.
Typical Peter Schiff year after year after year, doom and gloom....buy my books, by Schiff Gold, no conflict of interest here.
Ya he's kind of a purist. If he had invested his money in bitcoin instead of gold, he would be a billionaire by now. oops!
Still accepting payments in fed reserve notes
Exactly what I was thinking... Not that the issue isn't real but simultaneously these people aren't exactly the good guys either. I guess that's the paradox of it all, that u still have to play the game regardless.
You people need an education ! Pizza coin is dead ,so many morons out there my god !
@@clintpot8521anyone can get rich off a ponzi if they get in early enough
Same here in Australia 🇦🇺, work overseas and pay the Australian government tax for your income, say in the states 😮
Everybody talks the same thing , but nobody brings the solution.
This guys still thinks this shit is collapsing. Smh..
Oh so you also believe this shit will collapse smh@@BrettM-lw2zt
It is collapsing, in the form of the depreciation of the currency. That is what Schiff said. Are you seriously saying that dollar isn’t depreciating
?
*Señor Jesús, siempre te agradezco por ayudarme a superar la pobreza, nuestro gobierno no tiene idea de cómo está sufriendo económicamente la gente estos días en el mundo. Gracias Sra. Regina Maria Howard, imagínese invertir $6,000 y recibir $14,000 cada 10 días🇲🇽*
Mi amiga me habló de ella hace unos años, de cómo cambia vidas de manera positiva y lo intenté y, efectivamente, se registró el éxito.
Hoy llega a 100.000 y me comprometí a devolver el 20% a mi comunidad. Estoy realmente agradecido por todo el conocimiento y las pepitas que me han brindado durante los últimos meses. Comenzó con 20k en enero de 2024.
Lo mismo aquí comenzó con 7000 hace dos meses, ahora puedo decir con valentía que he recibido más de 23,000.
Dios es genial☺️!!
Al principio estaba un poco escéptico al respecto, pero ella me dijo que la vida sin inversiones es vacía, gracias a Dios seguí su consejo, hoy gano mucho y ahora tengo 2 super mart en Estados Unidos.
Por favor 🙏, ¿cómo puedo comunicarme con esta Regina Maria Howard? Realmente he oído mucho sobre ella.
Screw the government it’s about the people who cares shut that shit down.
“What!?” Welcome to exponentials.
Now .. ask yourself: who will leave first ?
Those with resources or those without resources ?
How will that affect the nation ?
Can’t wrap my head around how the 🇺🇸 gov would collect taxes if left the country, doesn’t seem enforceable. When I leave I won’t bother renouncing citizenship or paying any taxes…
It will be fine until you need to renew your passport. If you already have a second passport you will probably be fine.
Why worry about interest payment? The US can always add more printers to print money out of thin air. It's business as usual.
I have rather sacrified for US.