đŽPrinting Money Matters - Ep 580
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- Äas pĆidĂĄn 2. 06. 2020
- Government policies destroy the economy and enable racial injustice. Capitalism is the solution.
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Peter is one of few left who's willing to call it like they see it and speak the TRUTH.
He is rare đŠ
It is kinda funny that Petey is now feeling "cautious" about the drop in U.S. govmint long term bond prices. He knows dollars and bonds are "safe havens." Altho he couldn't quite bring himself to call gold, silver, and mining stocks...safe havens....it was almost like he was looking for an "excuse" for the drop in the price of gold. Petey "suggested" we short long term bond fund TLT at 125 and then again at 142.50...now at 159...n change. It's gotta suck to "hope" the safe havens (bonds n dollars) stop falling so hopefully gold doesn't continue to drop with them. Amaaaaazing what a clusterfukk you can get yourself into when you have no idear how the markets actually work. That's Petey's biggest problem. :-)
Joe Justjoe On the other hand. As your country is falling apart the relative distance between EU stocks could be bigger. As we 'just' endure lockdown bs, atleast our innercities are intact.
@@NiekBeenen You are not buying a country when you buy stocks, you are buying a company , Tesla will still make great cars and have the best AI neural network, and the best batteries. Home building stocks will do great as people flee the cities to the suburbs.
They censored one of his last broadcasts, so you know he's legit!
Peter has a good brain on him and offers really viable solutions. People like him need to be in government.
Listening to this man, makes me realize that people can still have and express their original ideas. i appreciate that he's willing to actual risk talking about this all, with all the emotional BS. great !
Heâs not afraid to talk about this because itâs true what heâs saying, the media and politicians blow up these storyâs so they can make America more socialist, they have to create an enemy and the enemy is white people. Politicians are disgusting to me, at least most of them are.
Watch him get banned. The truth is no defense.
micro trades the Dow is up because of all the stimulus, people are getting money right and left to stimulate the economy, itâs gonna need and weâre still gonna crash, but harder because the losses are gonna be bigger, because we keep going more in debt.
@micro trades Things were great in 2005-2007, too, just before the crash. This time, it's going to be 10x worse.
@@shaikymandel7593 Ikr, how are these companies going to have earnings? I don't believe these employment numbers, either. I think it's just more lies.
Thanks so much for this Peter - it all makes perfect sense. I have always wondered why African-American families and communities in general seemed more intact in the 50âs and 60âs, despite all the horrible oppression and segregation they faced back then. Like society in general, they have been a casualty of big government. Hereâs to the return of free markets, honest money, and limited government setting us all free one day.
I was sceptical when he went in to the race parts but actually, it all makes a lot of sense. Greed trumps racism. Period. Slavery started because of greed. If a person can get a foot in the door and prove their worth, in time the market will reward them accordingly.
I 100% agree with his ideas and didnât think about it the way he spelled it out. With regards to professional licenses and societies, they definitely stop people who are less highly skilled and poor to succeed.
Also agree on black deaths. As Tupac said: âthey say itâs the white man I should fear, but itâs my people doing all the killing around hereâ.
Absolutely amazing content. So true.
Peter, this episode was pure gold. Thanks for everything you do.
If the collapse is gonna happen I wish it would just happen already while I'm young. I'm sick of being stressed out and feeling like any move I make will be the wrong one.
www.google.com/amp/s/www.biblegateway.com/passage/%3fsearch=Revelation%2b18&version=NKJV&interface=amp
@@exoticjunkie haha yeah I've followed him off and on since he was on the jre a few years back. I know he is but the problem is that he is so logical and I agree with him on almost everything so it's hard not to eat it up. I bought 1k oz of silver at the lows and it's done well thus far. But I think that's all for now. I'm not one of those "silver is going to 200" people haha
Spot on. I took a below minimum wage job on the weekend when I was 14 yrs old to save money for my first vehicle. I gained a lifetime friend in my first boss and learned skills that landed me in a over 100k a year career. No college debt
What a powerful episode
I wish I could vote for Peter. Well done telling some hard truth's. You articulated your points brilliantly. bellisima
Peter Schiff for President!!!
Awesome!
After I saw all the rioting and cities burning on Sunday, I immediately sold all my Gold Monday and went long stocks. NO.....Seriously, what kind of Banana Republic do I live in? Get ready for the Greatest Depression known to the USA. END THE FED. Gold and silver are the ONLY CONSTITUTIONAL money.
I'm stacking silver right now.
Unless the government does nothing for all these protestors, the stock market will appear to moon even if itâs not increasing investorsâ buying power. Iâm not one to take sides with any particular political party but gold and silver will likely get destroyed if we get a president who is a democrat.
@@martinlutherkingjr.5582 @ how can you destroy real money? As a monetary metal it's also a industrial metal. Silver and gold will always be in demand.
look down By destroying the speculation and/or scarcity
bike bowling thereâs more gold and silver than we think. The fed can always take a shit on commodities if they wanted.
You're very right about business owner, discrimination and anti-discrimation laws. Very educational.
By far your best podcast ever! Especially the second half when you offer solutions.
this is one of the best explanations of the problems of big government and advantages of capitalism that I have seen
Peter, you are The Great Master of Wisdom.
You are 100% correct. Truly Keep calling it like you see it.
Peter just redpilled 327k subscribers with pure truth
A m IMO we are only here because we took that red pill long before and subscribe because we wanted another hit. :)
TheCoolbreeze45 fair point, we are red pill addicts and Peter is our dealer
@@TheCoolbreeze45 LMAO. Like Lance says to Vincent in Pulp Fiction "This one is a fuckin' madman". I think we just took a hit of some Choco from the mountains of Germany.
pretty sure i was redpilled 5-7years ago.. now i m hooked peter is my dealerđ
Those are his opinions. These are facts: I have privilege as a white person because I can do all of these things without thinking twice:
I can go birding (#ChristianCooper)
I can go jogging (#AhmaudArbery)
I can relax in the comfort of my own home (#BothamJean and #AtatianaJefferson)
I can ask for help after being in a car crash (#JonathanFerrell and #RenishaMcBride)
I can have a cellphone (#StephonClark)
I can leave a party to get to safety (#JordanEdwards)
I can play loud music (#JordanDavis)
I can sell CDs (#AltonSterling)
I can sleep (#AiyanaJones and #BreonnaTaylor)
I can walk from the corner store (#MichaelBrownJr.)
I can play cops and robbers (#TamirRice)
I can go to church (#Charleston9)
I can walk home with Skittles (#TrayvonMartin)
I can hold a hair brush while leaving my own bachelor party (#SeanBell)
I can party on New Years (#OscarGrant)
I can get a normal traffic ticket (#SandraBland)
I can lawfully carry a weapon (#PhilandoCastile)
I can break down on a public road with car problems (#CoreyJones)
I can shop at Walmart (#JohnCrawford)
I can have a disabled vehicle (#TerenceCrutcher)
I can read a book in my own car (#KeithScott)
I can be a 10yr old walking with my grandfather (#CliffordGlover)
I can decorate for a party (#ClaudeReese)
I can ask a cop a question (#RandyEvans)
I can cash a check in peace (#YvonneSmallwood)
I can take out my wallet (#AmadouDiallo)
I can run (#WalterScott)
I can breathe (#EricGarner)
I can live (#FreddieGray)
I CAN BE ARRESTED WITHOUT THE FEAR OF BEING MURDERED (#GeorgeFloyd)
White privilege is real. Take a minute to consider a Black personâs experience today.
Wowee. That was radical. Could even be Peterâs best 48 minutes ever. Whilst I donât agree with every aspect of his framing, it is unbelievably refreshing and mesmerising. Especially for myself, who has only just come around to a different school of thought about the role of government in society. Thanks Peter keep it up đđŒ
Peter, dropping red pill bombs all over the place. One of your best đđ»đșđž
One of your best. A Peter Schiff tour de force that not only described everything wrong in this country but how to fix it
Thanks for being the first person that I've heard so far actually provide possible solutions vs. Just throwing bricks and chanting BLM.
You do know BLM wasn't the ones throwing bricks right? What I find both incredibly amusing and telling is how everyone loves to associate the rioting and looting with BLM. It takes on a second to fire up Twitter and SEE for yourself. We have video of almost every cop car and store being set on fire or looted. 85% of ALL these incidents were started by people that were NOT part of the protests. In fact, if you take a close look you'll see most of the instigators are white. What we can infer is that they're either police or agent provacateurs. Try again.
@@exoticjunkie2386 Try Again. OK. Show me proof, evidence, and or a source of "most of the people throwing bricks at the CNN HQ were NOT BLM and mostly White." Plus, I never associated BLM with rioting. Non-aggression princple. I don't care about your color...Don't throw bricks and burn stuff.
Jesus, just about every political belief I have in a single podcast. Well put Mr. Schiff. One of your best.
Jesus, I wouldnât want to be in your shoes- there is a big price to be paid for telling the Truth- nothing you said is wrong- they just donât want it said or to hear it. Good luck my friend- your a good and truthful man- you deserve BIG respect. đđ»đđ»đźđȘ
My childhood best friend was a guy named Gerrell who ended up in jail for selling drugs. He was the prison barber, and very good at it, but lacked the money and motivation to get licensed. He ended up committing suicide. Peter, thank you for your support and words of wisdom. Real people could be helped if we get change in the right direction.
I never realized the scourge that is big government, until I had a listen to this guy! Pls run for office â
His commentary on florist licenses and occupational licensing in general just slayed me, great stuff.
Thank you Mr. Schiff. You answered my question on today's mining stocks fall. I am buying silver, a bit of gold- and some mining stocks. I feel sorry for the businesses that were looted. I see bad times ahead, but I have a job unlike many. At almost 66 I have a better outlook on money in general and wished I had saved more over the years. Keep up the good work sir.
Behind all the screaming, blaming, opinions, and posturing, what really matters is the truth - the actual facts laid bare on the table. Thanks as always Peter.
This Ep. is not just informative, but also very entertaining. Thanx Peter.
One of the few free thinkers and honest men left, keep up the good work Peter.
This was a great episode. Very honest and wise, Peter.
Holy shit Schiff, this episode is fantastic. It's so refreshing to hear something logical in this beehive of nonsense we find ourselves living in.
So you're telling me... I cant open a "Unlicensed Haircut and Flower Arrangement Emporium??" The founding fathers would be rolling in their graves!
Peter, that was hilariously educational. Thanks đ
Here before the video gets taken down for making too much sense!
Blaming the poor for the nation's problems doesn't make much sense.
They have no say in anything.
â@@muddyriverdogz I am not going to pretend to understand what you are talking about, but I am pretty sure that even if someone doesn't have a lot of money they can still either make the world a better place or a worse place.
One of his best podcasts ever
This video hits hard with real talk. Great video Peter!
THANK YOU PETER GREAT POINTS...HAPPY TO HEAR SOMEONE SAYING THE TRUTH!!
Peter is dropping truth bombs! People would rather "feel nice temporarily" than solve the real problems.
You sir should be a politician we could definitely use someone like you in politics.
That would be the first time I actually voted for a politician. Only problem is he doesnât understand or doesnât want to admit Bitcoinâs potential.
@@martinlutherkingjr.5582 the potential to both go to zero and do a 10x? The currently unfolding crisis will prove or disprove bitcoin. Until then it is a risk and speculation, not an asset or investment.
He tried running for senate I believe - didnât go very well, as he doesnât hit the politician criteria of being able to lie through his teeth and tell the people what they want to hear, not what they need to hear
He tried, but he failed đ€Łđ€Łđ€Ł
He tried. Turns out the voter doesn't want the truth. So goes the world.
Brilliant! Awesome! This is the way to go Pete!!!!
never had to get a liscense for hair cutting in the 60s
Just read capitalism and freedom. He mentioned that licensing is also a tool to manipulate markets.
my brother gets haircuts from some aspiring barber at the guys house. pretty sure he isnt licensed, but judging by his instagram, heâll have his own place in a few years or so or at least eventually
Thank you Peter. You are right.. again
Peter is a true American patriot! Pure GOLD
I forgot, Americans measure patriotism by how racist they can be.
@@exoticjunkie2386 we also measure how stupid people are based off on the level of intelligence their comments are!
On point like usual. More people need to listen to Peter.
So much respect for this podcast Peter. Truth and Honesty
Peter is correct. Sad he isn't in the Senate.
Great episode Pete.
Brilliant! This is from the top shelf!
What would we all do without the Schiffs... đ
Agree with decriminalisation of drugs, that is an important point.
56:35 and onward is a powerful message. Schiff's been saying this for a while but this is the best articulation I've heard by far. Haven't even heard about those occupational licenses. Crazy
Brilliant episode Peter. Going to have to listen to it again. Thank you
Peter, you nailed it, such a great podcast !!
Take away the stimulus and the correction will happen.
And raise the interest rates to normal levels. 6-7%?
How do you do that though?
Oh theyâll take away the stimulus when theyâre ready to kill the host.
@@martinlutherkingjr.5582 They don't have to.They will just keep interest rates low,and keep pumping money into the system.
Lol, keep dreaming. No president, doesnt matter party, wants markets to fall or interest to rise, so they keep printing and printing.
Incredible pod Peter. Up there with "What it means to be an American"
I like when you use analogies explaining why things like minimum wage are actually harmful...these are some of the hardest concepts to explain to the left and yet you do it with ease.
One piece of advice in regards to you taking down a video. Dont ever do this. The second you apologize, the second you give them an inch, they take a country mile. Jordan Peterson talks about this a lot. Never apologize or remove a post or tweet or whatever. They just double down.
I realize these are dangerous times in regards to free speech and you are probably walking a tight line, but just some perspective from a loyal fan.
the statistics don't lie. thanks peter for having the courage to tell the truth.
Solution to every problem in the USA is fee market capitalism and libertarianism. There should be a mandatory Peter Schiff podcast for all students.
THank you for speaking the TRUTH Peter
Living in a big city with my windows open, once Peter delved into race issues I instinctively turned the volume down a tad on my tv, just to be safe...
Monero XMR that's whats up wut wut
+1 XMR fan here... stack those Moneros
Interesting you should say that since that's the exact point I turned the video off completely. Peter has shown that he is a priveleged Jew who knows absolutely nothing about being black and instead of focusing on the financial news, he delves into race because that's always at the forefront of every racists mind. He can't just watch what's going on and be happy that others are fighting for equality. He has to get mad and make it seem like blacks complain too much.
Totally agree with your point about how government intervention can make discrimination worse.
This guy is spot on. I like how he really breaks things down. To get to the real cause of the problem, you gotta dig deeper. Well done.
Asshole didn't dig deep enough. White folks have enjoyed 250 years of free slave labor that built this country into the super power they love to brag about while neglecting the builders the entire time. Now it's blacks shouldn't get this and protesting is stupid. I guess the American Revolution never happened. I guess there was never really a group of whites here that got mad about their lack of freedom and fought to take it back. That never happened because if it did, how can someone get mad at a black man for wanting to do the same? OOOHHHH, I forgot, we already have it all nice how we like it so we can't be bothered to change stuff up now. Lol, America.
@@exoticjunkie2386 very true. This country was built on lies, deceit, stealing, and taking advantage of its citizens. People don't think abiut it much, but that weak foundation will be its downfall.
Another magistral video, Peter. Thank you. I'm going to get crap for saying this but I'm latino and we are racists too even among ourselves.
Being latino, do you look down on whites? Just curious how other races think of cacausions
Peter your 100 percent correct, people do not want to hear the truth.
Great comments and statistics, your absolutely right
ThankYou for Your perspective Peter. Rational thinking like this influences equality.
Wow. Thank you Peter.
Peter, one of your best monologues.
Spot on, in every aspect! Take care though, SJWâs will be on you for making sense like this.
Schiff for President 2024
Couldn't agree more - speaking the truth and common sense is dangerous
Great episode Peter
Wow... what a rant..... but I kind of enjoyed it - lol.
I started to watch your video Peter, because of its title of Money Printing; this is one of my economic concerns & its consequences, but I certainly didn't expect a rant of racism, discrimination, protectionist guilds & examinations, florists & barbers, etc.
In truth in all aspects of your most interesting rant, I couldn't find anything that I disagreed with; can you believe that?
What I would like from you is: Where do you think the unbridled Q.E. is going & what circumstances would likely bring an end to it. That's what I actually watched your video for. So if you construct a further video, would you be so kind as to address this please. Many thanks, JohnnyK.
If overwhelming insanity and stupidity was worth 1 cent a ton in this country - we would all be trillionaires.
You all will be if they keep printing money hahaha
Seems to be the norm these days
Excellent show and views
This content ="GOLD".
Omg I love this dude!
Fantastic break-down. I wrote a piece based on it on my FB.
The Prime minister in Norway had some problems with feedbacks after she said that afro-Americans were dominating the number of crimes. But for the pc public facts mean nothing as we all know.
All news is good news for the stock market...except for the words ârate hike.â
No rate hikes for 3 years at least. The fed is lost.
Nah those are good words too! Because the expectation of a rate hike means the economy is going so well that the market will go up! Then when they reverse, it just goes up again because of fiscal stimulus
Hey Peter! Where have u been all my life!
Peter Schiff is Truth.
You are not going to die from a bad haircut. That's just Brilliant!
đ§Ąđđđ Peter don't stop making these videos đ§Ąđđđ
ITS THE FED PLAIN AND SIMPLE!!
I'm stacking silver hard right now.
Don't forget physical cash for when negative interest rates hit: www.amazon.com/Monetary-Kaleidics-Reflections-Money-Illusion-ebook-dp-B088Y731VM/dp/B088Y731VM/ref=mt_kindle?_encoding=UTF8&me=&qid=1572789560
I'm wondering how long this pullback is going to last
Good day for that
Bad bad idea. Silver super manipulated
@@philleach6271 Yea, down. Costs resources to keep the market down which are supplied via the USD's reserve currency status + USD creation. As soon as that ends silver and gold are going up and up. Could be a while though.
Brilliant stuff today Schiff!
1:07:20 . Now that's pure gold!!! Now just wait in a few days Jeff Gundlach will be saying that on CNBC
âIt cost me to be a racistâ the power of free markets.
I've never wanted to learn the 50 bones in the human hand more than now. So intrigued.
F....ng BOOM !
Fantastic podcast
90% of the problem is statism, all the other problems flow from that.
Yeah, racism is real too
Great content. I have just subscribed because of this.
thank you đ
đđđđđ man i loved this podcastđ
this episode was particular wonderful. Especially the last 1/3 or so where Mr. Schiff discusses solutions to the problems. Labor laws, min wage, taxes, equal pay laws, anti discrimination laws...welfare state... I would add , bad gov schools in inner cities... gov programs have impoverished the people they were intended to help. the effect of gov programs is always the opposite of their stated purpose unless of course, the purpose is war > gov is GREAT at destroying everything it touches.
Dropping truth bombs all through this podcast. Sadly reality these days is considered an attack. Best wishes Brother! Most people can't handle the truth anymore.
Listen, this podcast illuminated me on the issues within the black community. A lot of the time these âactivistsâ are focusing on the wrong things.
Some of the ideas seem counter productive but itâs true an definitely explains how certain groups are worse off now than in the 1920âs. Greed definitely trumps racism and if you donât commit crimes, you interact less with the police. Canât wait to spread these words to people who want to moan about âthe systemâ for not getting ahead in life.
I agree with your final statement.
Even if racism is an obstacle that some blacks must to overcome, in a fee market they can overcome it. Trying to legislate racism away creates an even bigger obstacle that is even harder to overcome. Overcoming obstacles makes you stronger, not weaker. It means you work harder, and try harder. It's using those obstacles as excuses that makes you weaker.
and this wisdom comes from your white privileged experience?
Thanks for all your content Peter! I wish you could speak about excess reserves in the banking system and the reason why these funds are not flowing into the economy. Because if they did, with the help of fractional banking, you could see M2 triple.... Is this where all the inflation is kept? In the excess banking reserves?
Christopher Phelon from the Minneapolis FED did a good article on this. Surprisingly he raised it as a point where hyper inflation can come from.
@@dtlastraightahead2133 what he said is true and what you said is not an argument.
DTLA STRAIGHT AHEAD lol đ no such thing exists . There is no systemic racism . The only racists I see are roving gangs of blacks beating white people to death
SauerGustavo what he said is utter bullshit lol
The Peter Schiff Comedy Hour! Hysterical analogies every time. Great and spot on whilst also a laugh riot!
Well I lost my ass betting against crooks... I gave up , I have to join them because they will bail me out. So mad that things are going this way
I was shorting market and is just keep going up
When you short the market you're automatically long on the dollar. All this advice is long term anyway.