đŽ Abolish the US Council of Economic Advisers - Ep 960
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- Äas pĆidĂĄn 11. 05. 2024
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A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, Iâm quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
Thank you. I'm one of your few females...following you many years.
You single? đ
I am. I chose not to be a mother because I realized in my 20s that the world would be challenged be lack of water, etc. I did not want to bring children into a world with
Big Challenges. I'm no longer young. Peace is now necessary before I would recommend motherhood.
@@bellakrinkle9381 You should at least have one kid
@@bellakrinkle9381 Ironically, we have more than enough water and food. And we'll never have peace as long as Big War is in charge of Congress. But open borders will strain housing, schools and health care access. If I had a kid (or grandkid) I'd be worried sick about their future.
Just letting you know, like # 69 was me...
2:33 Mom of 3 here that watches every week!! Thanks Peter!
Happy Mom's Day!
@@wesporter2176 thanks!
Happy Mother's Day!
Hope your kids are well Mom !
Happy Mother's day ! Hope your kids are well !
Peter, I truly hope you are able to find justice for yourself and your customers. What was done to you was a clear cut case of abuse of power.
Totally agree total abuse of power.
Almost like from a 3rd world government state of tyranny
I am another mother who listens regularly.
Iâm a mom of three young kids here. Been listening to you for over a decade. Back when you did your daily show I was a subscriber. Thanks Peter!
Mom from Myrtle Beach wishing happy Mothers Day to moms and thanking you Peter.
Happy Mothers Day to all the mothers watching!
All 3 of them.
I'm only a few years younger than Peter is. So when he mentioned the toy in the box of cereal, that brought a chuckle. I remember that too. My sister and I had to compete for the toy. So whoever's bowl the toy came out in, got the toy. Good memories of childhood.
that lasted to the mid 2000s. But yeah it's nostalgic for many of us :)
Proud Mother to the most amazing daughter ever. Never miss anything by / with Peter Schiff!
Itâs great that you called out Trump. We need more honest assessment of Trump.
Yes. Both options for president - two incompetent old men - are terrible.
I think they set Trump up with the release of the virus to shutdown his economic plan that was booming like crazy. We had record volume and real wage increases like no other. My bonus was the biggest and all that ended with the deliberate release of the virus by Marxist/Dems/China buddies.
That was a refreshing surprise. Trump had the money-printing machine over-heating and we would have had wicked-sss inflation anyway. Xiden made it worse, naturally. We need better choices in America.
The Overton window shifted so much since Ron Paul ran we are moving backwards, he wants to take OVER the fed, not Abolish it... His blow back add campaign though, is still being used by politicians.
The one we have now is ten times worse then the one we has last time though. But yeah Trump isn't no savior. Idk why all these people get a hardon for him like he is. But ten times better then the big guy and far less corupt.
Peter the đ of economics
FACTS
Abolish the IMF, the BIS, the UN, the WHO, the CB, the FR, the WEF to start with & then maybe we can talk.
You forgot Nato
Grandmother here, I. Watch most of your I-tube podcasts. Thank you for your work.
Mom here, love your show Peter⊠been following you for years!
âIf you canât explain it simply you donât understand it.â ~Einstein
America needs Mr Schiff as a financial advisor.
What he is a proponent for would cause massive pain in the markets, we can't have someone like him in an official position, he's better as a commentator on economics and managing some peoples assets. If he where to get into a position of power, and was able to do what ever he wants, like say run the federal reserve, I'd expect like 25% interest rates to "clean house" and force the collapse, then CBDCs would be introduced to the rest of the world lol.
I loved the cereal story from your childhood Peter. I could personally relate, and you had me rolling on the floor laughing!!!
âThey put like a 20 cent toy in there and all of a sudden I needed that box of cerealâ đ
How I lived a successful life after meeting Citadel Moore in a conference meeting
I contacted her with her details I saw on CZcams, immediately my little investment of $6,000, which was part of my salary brought me up this height applying Moore's analysis for beginners
This is correct, Citadel Moore's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started
Am from the NYC, sincerely your beginners strategy analysis has helped a lot family break out from poverty
YES!!! That's exactly her name so many people have recommended highly about her and am just starting with her from Santa Clara California
Am 37 years currently and my salary ain't enough and I need to clear up my debt, please how do I connect with her ?
The public has been concerned about poor economic conditions,, Our government has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration.I feel for people with disabilities for not getting the help they deserve...Thanks to Kristy Loreca the lady you recommended to me..
That's awesome I know nothing about investment and I'm keen on getting started. What are the strategy?
I'll advise you to work with a financial advisor....Building a good investment portfolio is more complex so I would recommend you seek
No doubt!! I never knew Kristy Loreca had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
I'm surprised you also trade with Kristy Loreca, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
Please I'm new to this, how can I get her assistance?
Longtime listener and mom, here. We adore Peter Schiff!
love your latest collection of shirts Peter !! nice going !!
excellent podcast . i admire the way you have been handling your bank situation , the way you address directly to your bank's customers openly and with detailed explanation .. evidently they must be angry and dissapointed. .
i wish you well and hope the issue can be resolved soon bith for you and your customers
My wife, who is also mummy, always litens to you. So do i. I give you a âlikeâ as soon as i see you on.
thanks for the Bald Guy interview. Love that guy
And hopefully you would also fire the 900+ PhDs at the Fed and close it down completely. They do more harm than good. WE DON'T NEED THEM!!!!
35:07 That might be the best clip ever shown on this show! Thatâs fantastic. I laughed then got angry and cried myself to sleep đ. Keep doing your thing Peter. Cheers.
The basic unit of measurement in economics is the narrative.
peter is the only boomer i'll watch all the way through lol
Facts!!â One of the few boomers with his head still screwed on straight
You should have just turned the cereal box upside down and opened it from the bottom to get the toy immediately
Mom is gone. Enjoy so much your Sunday Podcasts. A Real Pleasure. I'll show the FED where to stick their imaginary two percent. Fantastic!
Thanks Peter for readdressing the clip seen in "Finding the money" I hear you appear briefly in this documentary I appreciate your fair assessment of both Biden and Trump on their economic performance. Your once owned bank situation from the view of us the little people warrants some sort of broader documentary style which can encompasses bank runs, insolvency claims and bank failures. We the little people are not just watching high streets stores being destroyed but a bank that was sufficiently capitalized and yet there were others operating predatory lending.
Ok when you talk about what happened to your bank I get a splitting headache from being so angry. Banana republic doesnât even describe this corruption. I hope if Trump wins he goes after these people to make an example out of them. It would be good pr for him and you and your customers would get justice.
I agree. Weâre living in some weird ass matrix because thereâs no way to describe whatâs happening.
Get this. I was a PMC for the DoD and the DoS 10 years deployed in a row and 7 years in Iraq - I was also an MP Investigator and a CID Special Afent in the U.S. Army and retired as a federal LEO with the DoI. It's a complete shit show. I was a good man with morals and integrity so that means I legally fought my chain of command for the entire time and guess what? I never lost in federal court. But I was forced to retire permanently on disability and I'm a 100% disabled Vet. So even if I wanted to be a patriot and go back to work doing what I live they will never let me. I'm black balled black marked black mailed whatever you wanna call it.
Me too. I'm from a banana republic (Brazil) and everyone here thinks US justice is perfect and not corrupt when it's clearly as bad as here
These liberal judges are ruining the country
Trump is part of the deep state.
First impression, fantastic shirt!
Hi Pete how are you doing? I am 100% female I love your show. I love your wisdom and intellect. And mostly your common sense.
Peter what about being appointed to the Fed? That's a crazy thought right lol. I think that would be so fucking awesome!!! The call is coming from inside the house!!!
I appreciate Peter's perspective
About your podcast with Hankel, actually we , the audience, won.
35:43
Wow. We are completely fkd.
LOL i said the same thing brother
Canât wait for the Schiff Gold upgrade! SD bullion type UI would be fantastic
Peter was too kind to Henke. Henke was conceited and patronizing. Peter took the high ground. Good interview
I cant stand that guy. I tried to watch him on some other shows and I can't. I disagree with him so much I just can't handle listening to him. I didn't watch the debate against Peter.
Hanke & Schiff are both top notch đ
36:48 I heard it. Bernstein mumbled "MMT".
Before cutting Social Security or Medicare - money that is clearly ours since we funded it for our entire working life - how about we GUT the size of government by cutting 50% of all Federal employees and how about we eliminate government pensions (grandfathering those that already have it) and replace them with employee funded retirement plans like the private sector did 30+ years ago? How about that!
That economic "advisor" sounded exactly like he was trained by Biden.
Second generation follower and mother of two here! Huge fan of your books as well as podcasts!
Shut down or BAIL IN? The victimizing of your bank sounds like BAIL IN... who profited from your seizure? Question to pursue!
Also, Aballish the Mother W.E.F. ers
Mama of two strong growing boys here! Learning from Uncle Peter, waiting for the btc rant! â€
37:53 Bernstein is a music major with a masters in social work. NOT QUALIFIED
Thanks for the program
the government prints money...wow. and that's a financial chairman, unreal
Always a Schiff Show. Thank you.
Mom of three here! Huge fan and I follow your beautiful wife on Instagram!
Ty Peter, you are such a wonderful teacher...God bless you!
Im a mother listening P! don't forget there's atleast one Motha on here! And tons more! Happy mothers day to all. stay blesssed
Go Peter Schiff!!đđđ
Love the cereal prize story, little rubber and plastic items
Thanks for a nice end to my Mother's Day.
That shirt is A1+++
Peter you are always the cool side of the pillow.
CPI numbers will come lower than expected Wednesday. They have to show improvements in inflation numbers before election
They removed coffee from the stat which is up 28%
CPI numbers and all government numbers are a lie
They put a bigger rooster on the Corn Flakes box so that people don't notice that the box is smaller.
I am not think Trump has capacity to run the country , USA need someone with courage the make hard reforms , but the thinks not change the day to the night take years , and the American population need take a lot sacrifice .
Cereal boxes will soon be as small as cigarette boxes
Thanks I'm going to look at I Am Gold IAG, and buy some more PAAS & AEM since those have been profitable for me. What is the benefit of me buying actual physical gold from Euro Pacific?
Listening to that clip of the Chair of Economic council was just really really sad. And disturbing.
Your experience with the bank and frozen assets is the best argument for Bitcoin. Thank you for pushing the arguments and problems of the current system.
I saw that podcast with Hanke, I thought you showed respect toward the Professorđ
Bernstein ?
-
What a great dip stick !
Not an economist. Degree in social work.
@@weekendhero7411 Perfect !
He purposely wants to get rid of the USD as the worldâs reserve currency and has said so. I donât know if heâs actually stupid, lying or both.
Impressed with the PR Barbers, your Beard looks awesome!
40:15 I really just want him to exclaim in that clip; âwe arenât lending the money.. we are borrowing it?? Holy hell weâre broke! â before running off camera
You are great teacher for me about the real financial world and Dollars. I am 50 soon, wish to knowledge sooner! But late better than none. I asked my mom why she didnât teach me about real $? She said, after Vietnam war, her father and herself lost everything, land , $ in the bank, $ re-valueless . She tried to survive after 1975sâŠ. So had No $ to teach!!! đźđą
Wha??? 10k gold???....Peter....I am still waiting on your 3k gold call from 20 years ago đđđ
Thank you Peter....just finished watching your debate with Hanke @ David Lin and that was great. You are a great student. Jared Bersnstein doesn't know anything bout the economy. Some shady deals with the sale of the bank.....be vigilant.... Keep rockin dude!
I remember my dad sending off proofs of purchase from ice cream cones cereal to get me and my sister ice cream cones watches.
I'm a mom!
People are doing buy now pay later for hamburgers, how long is that sustainable, last time I checked you can't repossess a hamburger
Peter, youâre great! Another entertaining show! Really sorry to hear about your bank. So ridiculous. I hope for justice for you, customers and all negatively affected.
I know IAG stock was down 90 percent. I got absolutely killed on it. At the time it was paying a 6 percent dividend. I had to sell some to harvest a tax loss. I did add to my shares near the bottom, but the ride has been brutal. Many of these companies are completely different than they were in 2011. It looks like IAG is on the right track now, but they do have a lot of debt still.
Ok im looking into this maby now it is a Gold Mine?
You are very kind. I felt Professor Hanke was talking down to you since you didnât waste a bunch of money on useless PHD
In Schiff we trust..
HODL GODL
Peter, as you know, nothing ever goes away with the government. The worse a program or a department or an idea, the more funding it gets.
Peter, I heard Eric Weinstein call the inflation tax Seigniorage. Is there a term already forgotten to the masses that encapsulates the term inflation tax?
20:38 Yes, but how much higher are operating costs today? One can't simply make an analysis based off the price of gold.
Thank you! As one of the few đ
What happened with His Bank can destroy anyone's Life.
Congratulations Peter Shiff, you are still sound and evolvimg. â€
Thanks Peter
That so called economic advisor is clueless - I laughed and then felt bad for how much I get paid because I know more. Literally the basics of American Economics - I screamed itâs inflationary thatâs why we donât want to print money. We borrow on the bond market from people and corporations⊠not lend. I just canât đ
You should talk to Rick Rule about his Battle Bank. Hopefully his bank has different outcome
Excellent and thanks for sharing
One thing you left out about the cereal toy story (which I loved) was that when you tried to put the cereal back in the box it wouldn't hardly fit. Like unless you ate a few bowls the box was bulging. And I'm talking about my own personal experience in the late 80s.
I was eagerly waiting for Peter Schiff's comment on Jared's idiocy. LoL
Our factory has been running 4 day weeks since january due to low metal supply.
Which metals?
@@Seolfor007 Coil Steel
@@Seolfor007 Getting most from US Steel. Now they are dying and potentially sold to Japan Nippon. Trump tried to save them. Biden buried them.
Peter, always record all your interactions with any government official, even if you gotta do it secretly. I wanted to ask you Peter if it was possible for government to auction off federal land, and use that money to pay down the national debt? As you may know, federal government owns 27% of land in the US, mostly in the West of the country.
I am voting for RFK Jr. RFK Jr promised cuts to spending at least.
I am not going to pick between Herbert Hoover and FDR. That nightmare election already happend in 2020.
I like RFK better than the other two, at least he understands about the some of the systemic corruption.
The rumor is that the banks will be allowed to buy treasuries without reserve ratio restrictions. SLR to zero. In that case the government would borrow money that does not exist.
The big boys didnât want you to have a bank in the first place. đą
Peter your bank was shut down because you were planning to build a gold-backed payment system. Your trustworthy reputation (now destroyed) could have made your payment system not only successful but a serious threat to large institutions.
Schiff Family Grows Old Gracefully, jađ
At least he's honest and admits he doesn't understand. That's more than we can say for most Democrats.