Joe Rogan - Peter Schiff Predicts Another Financial Crisis
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- Опубликовано: 7 окт 2024
- Joe Rogan asks Peter Schiff to explain his claim that there will be another financial crisis in the near future.
Taken from Joe Rogan Experience #1002. 
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“I believe that banking institutions are more dangerous to our liberties than standing armies.”
-Thomas Jefferson
Banking industries are only powerful because of the protection of those standing armies... or rather who controls the armies.
Jefferson also favored an agrarian economy, so take what he says with a grain of salt
@@killersaxsolohe was completely right about banks
Lincoln said the same thing later; and they knocked him off. Jackson is the only one who succeeded in stopping the private banking scum families behind the U.S. bank at the time / FED.
@@Chipwhitley274 They control the money supply, they control those armies; thanks to correct and dumbass politicians
Listen to Peter 5 years ago. We're here now.
Schiff has predicted 38 of the last two crashes.
Literally loled
It's all the same crash dumbass. Do you even listen to what he says? The fed is postponing it as long as they can with endless QE and inflation
He said it four years ago. We need to listen to this genius.
Wtf? All of this shit was wrong though
@@BigChungusWhalewas it?
@@BigChungusWhalestop spreading misinformation
This guy predict there will be an economic crisis ever 4 months.
He called it too. Dollar crisis happening as we speak.
Fr this dudes a wizard
What dollar crisis?
@@camerondye6108 The insane amounts of dollars the US Govt is printing which is leading to exponential inflation
@@DarthBane-zf8wv Inflation is due to supply chain failures from lockdown
Very short term thinking🤦♂️
If you predict this every single year, you'll eventually nail it.
It's an inflation boom/bust "business cycle". No way to know the extent that the Fed would go to. Once inflation starts kicking in, and it will, businesses will have no choice but to lay people off. THAT is the cycle. Credit deflation, FED "prints trillions of dollars", lowers rates artificially, pumps up the price of "assets", eventually makes it's way into incomes, velocity of money kicks in, people spend money and we get inflation. Wash, rinse, repeat. WE THE PEOPLE lose and lose big !
mrrmart yeah it's not about the predictions
It's about openly and honestly discussing our economy
The content he provides on economics is spot on, don't know why everyone wants to focus in on his supposed clairvoyant abilities
The man "knows" what's going on and is actually willing to be public with it
No one is saying he can see the future
And the people that do are usually not well versed in his ideology
You make it seem like it's an inevitable, yet mysterious cycle, rather than a business cycle that has identifiable causes and predictable results.
mrrmart
exactly
Jordan Kelly umm that's kind of the point. Too deep for ya there kiddo?
This has aged like fine wine 🍷
Aged like fine ball cheese
I just got a full time job at a kitchen. Im happy. I can just feed myself and see my kid twice a week. Lifes good.
Dont Give Up People!! Love Yourself!!!
You still doing good?
Well at least you get to see your wife's son.
Do you still have a job?
Get some new skills to grow your capital?
The people want an update
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
- Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)
A lot of people don't realize that most of the people didn't trust a national bank. They tried a few times to get the public on their side. But that wasn't popular, people didn't trust it, an for good reason. So in 1910 on Jekyll Island the framework, foundation or whatever your heart desires, was create for the Reserve. It's been gradual inflation, and conflict ever since. If people would really look at the numbers around the Fed, an then ask why do we still continue to believe they have our best interests at heart?
And next they’ll seize total control through their FED digital dollar / Central Bank Digital Currency.
I think the huge problem is the FED in general. Why is our money managed and controlled by a private entity? I have always thought that system seems very sketchy and its just begging for corruption and abuse
Why not competition in currencies?
What's your solution?
looks like Peter was right.
No he wasn’t
@@3535-j5z yes he was
@@3535-j5z literal crisis going on “no he wasn’t”
@@rodbar6352 he predicted a financial crisis not a pandemic
lol yeah Peter accurately predicted 16 out of the last 2 recessions
Came back cuz this inflation is getting really noticeable
Schiff watching this in late 2023 😎
He says there’s going to be an Economic crisis every 4 moths. He’s bound to eventually be right.
This is why I love your podcast. 6 years later and everything he said was correct.
"I have my clients invest in economies out side of the United States... Like Hong Kong."
Wonder how that's working out?
Lonny Hennessy 😂
It turned out fantastic you twerp brained pigeon
Your Comment didn't age well 😂😂😂
Joe, please bring Lew Rockwell and Ron Paul.
Tom Woods!
James Corbett
!
I would love to see Ron Paul in long form.
Ron Paul! Ron Paul! Ron Paul!!
JEFF GOLDBLOOM
Lmao. Joe looking at the Debt Clock is like Will Ferrell in the movie House.
it's happening. Listened 3 yrs ago... listened again
Not for the reasons he said though
It's 2022, he was right.
In reality we are already in a very severe financial crisis. I understand Peter is saying we're headed for some USSR shit. Let me explain my POV of what a financial crisis though because I have noticed different people seem to have different view points on it.
For me a financial crisis is whenever people can no longer afford from both a TIME AND MONEY perspective what is required to be a healthy human. Time MUST BE considered when looking at a financial crisis from my view point because time is what allows people to make money. Now what are the things required to be a healthy human?
Quality food, quality water, a natural night of sleep ranging from 7.5 hours and up, enough time to physically move as much as they need to stay healthy and enough time to spend with their families to feel a sense of love and connection in their lives.
Now I don't know about you guys, but when I look around there is ALMOST NO ONE that can afford that. Most have either one or the other. They have enough time or they have enough money, but not both.
Now on another note as I've stated on many videos before a healthy financial landscape MUST BE preceded by a healthy economy (flow of resources) which is ENTIRELY DEPENDENT on the health of the PLANET and an argument could be made on the health of the humans within that economy because unhealthy humans tend to be repressive of others, whether intentionally or unintentionally. A healthy planet is the very foundation of solving our problems. That is fact.
Please don't hesitate to challenge my view points. That is how we grow and learn and it is how we've evolved to the current point we're at. Thanks for reading.
Why don’t we agree to stop listening to people who are constantly wrong about their “expertise”.
Michael Hemsley lol, the only reason he hasn’t been right yet is because I’m an idiot? ...I’m not reading your manuscript....Riddle me this, is Peter selling something? Is his constant prediction of calamity related? It’s called “talking his book”. And if one day he’s right about something it will be a coincidence, not expertise.
Sounds pretty right with the current state of this ecconomy
@@CharliewatII he will always be right, because the usa has created a system based on debt which is nonsensical and won’t last.
@@jimmysmith736 Has Peter Schiff gotten anything right? He sells Gold, he predicted $5000 per ounce after Obama was in office, better buy now. If you bought any Gold, they don’t send you bullion, you’ll get an email with a confirmation number and bill for storage or some BS.
The “crazy debt system” you speak of is called Capitalism. The US is so bankrupt we only have the biggest economy and most wealth in human history. Whatever works best for you, buy gold if you want
@@CharliewatII well yes he got the 2008 prediction right. What he says will happen. It’s abit obvious, maybe not in the time timeframe. I don’t know how you can call this capitalism. It’s fake, you can’t print money and call it capitalism. It’s more socialism lite. In what world would a right wing government give money to citizens to live. It’s basically the opposite. You can also call it crony capitalism.
To all of those who are having an issue understanding all of this I'll explain...
1. Liquidity is the key to success.
2. Debt will eat you alive
3. Don't count on money you don't have
4. Live within your means because the government isn't going to bail your ass out
5. Don't take your political leaders word for it when they say things are looking good.
Everyone laughs until it happens.
Crazy to think that at 5:55 Joe was freaking out at $20 trillion in debt and now we are at $30. How is no one getting worried about this?
Around 27 Trillion was kind of the point of no return (IMO and only fixable with crisis/depression) so regular people should be worried. Let's hope that this time there won't be a scapegoat from Iceland and the real fuckers (government and other big institutions) are fucked over instead of regular joe's. Luckily, America has the greatest resource of all time (individual freedom, the feeling of it at least), so in the long run it will probably be fine.
@@cobalt9484 I wouldn’t be so sure Cobalt. Americans are so tied to their “teams” in terms of either being Republican or Democrat and most Americans won’t want to blame their own side for mistakes so unfortunately if crisis does happen, I don’t feel much will happen in terms of holding those responsible accountable. But maybe I’m wrong hopefully I am.
@@danielpoch9333 You will be surprised how quickly people let go of their (pseudo-)principles and politics if their livelihood gets in trouble. But yeah I do agree that there are some batshit crazy people in the states and you are certainly right that there is a big chance that these people get away again. What I am less unsure about is that the states in the end will be fine :)
@@cobalt9484 I agree that people will rebel when their rights are being stomped on right in front of our faces. But politicians can be very skillful at slowly taking away our freedoms and disguising them as necessary/beneficial for the people. But I don’t think the current politicians are smart enough to get away with that😂… hopefully
Crazy
He also predicted economic armageddon in 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 and now it is 2017. You cannot take anything he says seriously.
4ANewDeal He predicted 2008
Muhilan Selvaa if he "predicted 2008" then why did he tank his clients? Some lost 70% or more of their savings following Schiff's advice. You lost more with a Schiff portfolio than you did own US stocks and Bonds (assets Schiff hates). If you don't believe search "Peter Schiff Was Wrong"
Agreed. Yelling "WERE GONNA CRASH" 10 years in a row and being right once isn't impessive.
Its like Alex Jones predicting there is gonna be another terrorist attack every month for years and then being right a few times considering they happen quite frequently.
The thing with this though is basically it comes down to when/if other people/countries lose faith in the US. A ponsi scheme will work forever until people realize what's going on or they run out of new money. It's not easy to predict when other people will change their perception, you just have to argue whether or not his underlying premise of whether not an increase in interest rates will have a catastrophic impact, and whether or not interest rates will eventually need to go up. If it happens in 1 year or 20 is largely irrelevant in the big picture.
predicting the crash doesnt mean u have an exact date knowing when is hard if not impossible
Guys, he is a genius but please do your own studying on Austrian economics. That's what this all comes down to. Study up on it and form your own opinions on the situation. I agree with Schiff but my course of action is up to me as an individual. We need more people like Peter to have a voice they're trying to hide it.
This happened. He just didn’t know it was gonna be a pandemic
Peter Schiff is the epitome of even a broken clock is right twice a day.
Jason Hunter right again
this comment didnt age well.
Lol how you feel now dumbass
Anyone sporting BLM is the epitome of a tool, Marxist, 💩🤡’s feel free to leave the country anytime.
Peter has accurately predicted 16 out of the last 2 recessions. In other words, even a broken clock is right twice a day. As a result, his followers missed out on a 400% gain in the stock market since 2009
True!
He’s had more false predictions than climate/green propagandists.
Follower of Peter and I’m up over 100% this year alone so far. Still have positions open that are hedges that I’m sure Peter Would agree with. I have GDX LEAPS/shares, NEM LEAPS/shares and some Canadian banks call credit spreads/long puts and call credits on KWEB for long term Austrian economics style plays but then I’ve also got shit meme plays/long plays/Neutrals plays like Bb call diagonals, AMC call credit spreads and put diagonals, IWM iron condor. The key is to have a little of everything,hedge and use other tools when appropriate.
@@Yellowgary Sure. Go back to 2010 or so since he's been preaching "the sky is falling". If you'd ignored PS and just bought an S&P 500 index fund (no fancy trades or hedges), you would've come out far ahead of about 85% of professional fund managers.
@@Yellowgary you are listing a whole bunch of irrelevant stuff that has nothing to do with Peter. If you are actually up 100% that’s because you are an advanced options trader who works based on technicals. Peter’s advice has been straight up garbage. Peter’s favorite investments (gold & miners) are both negative for the year. Meanwhile the stock market which he keeps calling a “house of cards” is up 20%. So cut the crap about you being up 100% thanks to Peter. You have no clue what you’re talking about
Peter has predicted a crash every month for 10 years. He'll get it right eventually.
haha 2021 here we are
I don't think it is because he is a broken clock; but more because the us government has so much power to push the crisis that should have happened further and further in the future.
@@faresalouf Yeah, we are in deep shit in the near future because of Bush, Obama, Trump, & now Biden irresponsibly spending our money. Mostly Obama and Trump though.
Peter is right, the crash that is coming is not a correction but the next great recession.
Names that agree fully or almost fully:
Ray Dalio, Peter Thiel, Paul Volcker (agreed to Dalios points about inflation and debt in a interview he did before he died), Jack Dorsey, Michael Burry and many more.
If you belive in keynesian economics or juat simply belive central bank and socialist'esk politics, the coming 3 years will fuck you harder than a chatolic priest in south Boston.
He's been predicting a financial collapse every year since 2010, he's trying to sell gold and silver, that's his main business, that's the reason he talks so much shit about the dollar, he's just trying to sell gold.
No shit, all snake oil salesman
Agree but now Ray Dalio has made the same prediction, and Ray isn't selling shit, he actually is just after Warren Buffett, as the most believable person in the financial world
Right but eventually hes gonna be right, making these claims costs him nothing when hes wrong, but he will make insane returns on gold when hes finally right
Peter is a patriot to the core just like his Dad was, smart and honest absolutely a straight shooter.
This aged perfectly
Thank you!!! Finally someone that is not biased in a political party!!
If you're too early, you're not sure whether you're right or wrong.
I feel like Peter said the truth. Inflation is picking up now and commodities go up as well, it just took some time.
This is why I've been buying gold and silver for years and years. Gotta have something to fall back on when the dust settles. ✌️ Peace
5:18 that scene cut was hilarious
Peter: "Would you like to buy some of my marked up gold?"
Me: "No thank you"
Peter: "Are you sure,do you know that the sky is falling soon?"
Me: "Oh shit,i didnt know...please get me some of that gold"
Peter: "Ive got you covered peasant,dont worry"
Savage!
And now it's at 30 trillion not 19 4 years ago when this video came out. We are screwed
Anyone else laugh when Joe goes omg look at that and realize he has no idea what he’s looking at. Lmao.
Why was this episode pulled down?
Ive seen Peter's videos from 2006-2007 when he predicted the recession. In those videos he provided more facts and specific reasons for the recession. In this video, i feel like it was all over the place
Yo do u have any of those videos? I’d like to see
@@danielpoch9333 search Peter schiff’s mortgage bankers speech of 2006(might be a different year but it was certainly pre 2008)
That’s because the con they’re implementing now is not as simple as the con the government pulled with the ‘07-‘08 ‘crises’ that they created then.
ONE THE GREATEST SITES EVER CREATED 🔥🔥
So Joe, it would be very enlightening to have Max Keiser on for a long talk.
Just a suggestion.
Peter Schiff on Joe Rogan…I confidently hit the thumbs up before I heard the 1st word! 😁
Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
James A. Garfield
Abolish the fed!
This guy seems like he wants to sell me gold on some infomercial.
Artofficial ok....he’s. It selling gold he’s trying to tell you about the next coming recession. Please try and let it sink in your brain please? He wasn’t speaking another language
ironically he actually is known for being bearish on gold
imagine if you bought that Gold would be up more than 50%!
It's a safe bet to say there will be another financial crisis, bankers do what they do.
Despite his hype, Schiff was wrong in 2008. He said we'd get hyperinflation, and we got deflation. He said the US-Chinese economy would decouple, and they haven't. He was pushing Asian stocks, and it turns out the bubble we were all waiting for was the Chinese Economy. No one was calling Schiff a prophet when the Chinese stock market was in free-fall, ultimately losing more value than the GDP of the United Kingdom! Not to mention, he appears clueless that the Fed hasn't done an open market operation since July 2009! He does no research, and only wants YOUR money.
Well said!
What is open market operations yes im dumb just to save the time of anybody wanting to point that out
why don't you predict every little factor then for the next financial crisis and we'll see how you compare.
We got deflation? When? Pretty sure Quantitative easing started in 2008...the opposite of deflation
What the fuck are you talking about ProgressLiberty? We had 3 rounds of QE under Obama, right after Bush's TARP and bailout programs, and interest rates set at 0%. And BTW, this is exactly what Schiff predicted would happen when the markets crashed. He not only predicted the crash, but he predicted what the Federal Reserve would do as a result of the crash (lower interest rates and start firing up the printing presses). All of that is INFLATIONARY not DEFLATIONARY. We have more debt now than all the nations that have ever existed, at any time in HISTORY. The only reason we haven't gone into hyperinflation YET is because our military bullies anyone who tries to get away from the Bretton Woods Agreement (which made our U.S. Dollar the World Reserve Currency).
This is why we've attacked Libya, Iraq, Iran, Pakistan, Syria, etc.. because they all wanted to de-peg from the U.S. Dollar. Well our military firepower won't be strong enough to whack China and Russia. And on March 26th, China has decided to go forward and start their own Yuan-Petro Futures market and allow oil to be traded in the Yuan Renminbi instead of the US Dollar. China is the biggest importer of oil in the entire world. This is China's move to de-peg from the Dollar and we won't be able to stop this. This is when the hyperinflationary period is about to begin. Schiff has been right all along, but even he admits that he couldn't have foreseen all the bailouts to work for this long. He thought the bailouts with QE would fail right after the crash. For whatever reason, the rest of the world gave us a grace period of more time, but that window is closing!
Can JRE Clips please do a clip of the first few minutes about Puerto Rico becoming a state. I used to live in Guam and statehood is frequently discussed and no one really ever says..."NOT A GOOD IDEA GUYS." (Please. Make it sharable.)
I give him props for predicting the 2007-09 Crash, but because he became a bit of a celebrity now, he's been predicting a crash since 2011, difficult to respect that now.
EasyEtheHawaiian remember that he was making the predictions you mentioned way before the day of reckoning. And he's ringing the bell early on this time around.
so if you predict everyother year a crash that will come in distant future are you prohpet or just bullshiter?
That's because the government keeps pumping in money that prevents the crash. The problem is that money won't be kept being pumped in forever hence the ultimate crash. The next crash will happen and it will make 2007 look like a stroll in the park.
The two best guests Joe Rogan has ever been graced with the presence of; Ted Nugent and Peter Schiff! 😁
"$3000 gold in the next few years" - Peter Schiff, 2009
ben1349 bitcoin changed everything
@A Person eventually he will be right when the sun explodes and swallows the earth
Knocking one hour off a full time employees hours doesn't mean doubling the number of workers.
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”
Henry Ford, founder of the Ford Motor Company.
It really is a #ZombieNation the #covid #Con proved that and brought it to the forefront.
Peter is right again.
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
- Napoleon Bonaparte, Emperor of France, 1815
True, yet he recieved funds from the Rothschild dominated central bank in France.
@@moneyvsfinance Exactly; the scum of the earth behind the the French Revolution, are the ones behind most if not all wars, they are the source of evil that introduced socialism and Marxism to the World.
Saying there will be another financial crisis is like saying there will be another hurricane.
Peter is a wizard
This makes way too much sense. We are on the precipice of bankruptcy.
Even a blind squirrel finds an acorn once in a while.
We're all fucked, the end of the Gold Standard was the beginning of the end for us
Well it's certainly looking like hes closer to being right
It’s like the guy in ice age that predicts the end of the world and is right even though he isn’t most of the time.
HAHAHAHAHGAGA
The gold standard is incorrect. Private currencies and a national currency printed by Congress, dependent on our faith in it is the right way to go. That way we the people keep the silver and gold, instead of they the government.
Listen to this and then fucking look at the last two years. Does this guy have a fucking crystal ball 🔮??
He just has a brain and isnt afraid to share his opinion. His points are spot on. The Fed cant raise interest rates too high otherwise the debt goes through the roof and stocks crash. And if stocks crash, they cant boost start the economy by QE because it'll cause hyperinflation.
Maybe we should issue another tax cut? That worked really good last time!
So, Peter Schiff... Hows Puerto Rico ?
Tax break baby
Still Free of most federal tax, despite the leftist, socialist, statist clowns best attempts to change it so far! That’s how.
Well he is correct. Eventually the dollar will collapse, its just a matter of time. Hard to predict when however. You can't print $ forever.
We've had super computers for decades. Why can't we run simulation after simulation and fix the economy with the number crunching. It's all just math at the end of the day.
The reason is that it's NOT all math. Economics is heavily reliant on human emotion. That and an insane amount of unknown variables in the part that is math.
InternetMoneyWGA math is used to predict it, but in the end all of it is based on buy/sell and those aren’t exactly numbers you can put into an equation because it’s up to a person to decide.
Economy is mass psychology
Because it’s just like the covid con and the “healthcare” hospital systems bail-out. Their goal is not to ‘fix’ anything; except to ensure the growth of their own power and control, at the expense of We The People.
If you want to protect yourself from financial instability get yourself involved in recession proof business.
Here is the bottom line:
It is a very interesting time in the financial markets. We are near record levels in many of the major stock indices and private equity values are being pushed well above normal valuation levels. With this as a backdrop we have yet to see the normalization of interest rates or the unwinding of central bank balance sheets. This is certainly a time that calls for thoughtful analysis of one's investment options be that the style of management, asset allocation or choice of professional manager. We are at a point in the market where a 2,000 point correction on the DJIA would merely put us in mild bear territory. With forward P/E ratios edging up year after year, the chance for such a correction in the face of any stumble in earnings is high. This is clearly a time when sophisticated investors will want to undertake a careful review of the potential risks, both unique and systematic, facing their portfolios.
chuckleberryfin1012 I think you meant systemic. not systematic.
i meant systematic [risk] it's synonymous with market risk. thanks for always being on the lookout grammar cop
chuckleberryfin1012 ok. 😁
Looking at the current national debt at 27.8 trillion....
maybe the currency should be owned by the people but sadly the FED is a private bank.
The Fed as a whole is public....its branches across the country are structured like private corporations but act as agents of the federal government.
Peter Taste we need competing currency, not 1 that is centrally owned by a government or private party.
That's the entire point of the fed, Wilson...to keep the dollar and economy stable and to work as a medium between the government and the private sector in regards to domestic economic issues. His what happens when fed rates jump to the maximum allowed by law (10%) comment is pure fantasy and is part of why he isn't very highly respected in the finance world.
CRYPTOCURRENCY.
A bank that has the monopolistic right to issue national currency; who's monopoly is protected by the law = Private.
Is your head screwed on straight??
I wish he would talk about certain policies and things that each president has done to contribute
Trump has done the most
This guy only hopes there is a collapse, he has massive short positions to cover
Wall Street couldn't pay rent and the landlord bailed them out. Your landlord pay your rent? We haven't had capitalism for a long time....
Dance for me boy
that was a great analysis, would've liked to have seen joe's response
Austrian economists(or those who favor that school of thought like Peter Schiff) do this all the time. They are like the doomsday prophet school of economics. Since like the 70's they have been making the same predictions over and over again.
"There's gonna be a bubble, the economy is gonna crash, the dollar is gonna crash, etc." Newsflash, market based economics are inherently unstable, always have been. They have peaks and troughs, thats normal. Saying there is gonna be an economic crash for 20 years and then being right once doesn't mean anything.
Peter Schiff won't tell you about all the times he's made wrong predictions, like when he predicted gold prices would skyrocket and they plummeted.
He's just full of hot air.
There's been a massive and continuous level of QE for how many years now? Zero interest rates? Massive deficits.
They just keep inflating the bubble, until they can't!
Get money out of politics, it's the only answer
Schiff: Great on the economy, wrong on Bitcoin.
Want to change your opinion now?
Difference between then and now is that FED has no room to move. Now there's an actual 40 year high inflation, so they can't QE and they can't raise rates quickly enough because of the levered economy. Buffet's portfolio is 34% cash right now, that should raise your eyebrows alone. None of the big guys sees good times ahead (unless you have lots of liquidity of course), just listen to what they're signaling right now.
We had high inflation in the 70's. How did we get out of it?
This was two years ago and we are financially strong as ever.
Thats what you think
I’m not sure is this is the 1st place or 2nd place stupidest comment of the thread so far…
there were many reasons for the housing crisis in 2008. interest rate was 1 of many
Joe Rogan should get someone like Robert Shiller from Yale to talk about markets and the economy. This guy is plugging his business with a doomsday narrative/prediction.
5:22 Joe was like 'Fuck it. i'm gonna exchange all my dollars, fuck this'
If you bought 10k in Gold in 2010, I believe it's value is less than 10k today. But, guess what? If you bought 10k in Bitcoin in 2010, you would have more than 4.4 million dollars today. Do you really want to go into metals? Maybe do some real research on cryptocurrencies and the true future of money. Harvard mathematicians are predicting half million dollar Bitcoins by mid 2020s. I have made unbelievable money in crypto already as an early adopter, and I'm going to continue to trust in the smartest guys in tech and mathematics instead of a gold salesman.
Is it too much to invest in both? Why not diversify among different asset classes? Both gold and crypto-currencies tend to play on similar themes which include operating outside of the traditional banking sector. Both gold and bitcoins are speculative in nature. I've traded both and recognize the utility of either over fiat currency.
No one is saying you wont make money in bitcoin, but you're just cashing in on a bubble. You're basically just gambling at this point
skylar it was called a bubble at 250 dollars and people like you will still be calling it a bubble at 50k
CurrencyVigilante there's nothing speculative at all about bitcoin
El Malifico get a Coinbase account and buy some litecoin, thank me in a year
Brics was listening to this on max volume
Crypto currency is the next step for the monetary system. Having said that, the dollars been junk for almost 100 yrs.
The fed sets interest rates and they are, in theory at least, independent from the government.
Yes, but since they have sole authority to create money, and then loan it out and collect interest on it, its owners are far more powerful than the politicians who run the government.
@@moneyvsfinance and if they cannot bribe them, they coerce them, and if they won’t coerce they try to knock them off, like they did to Andrew Jackson and like they succeeded in doing to Lincoln.
@@pdub_originalpdub8173 And Garfield, and Kennedy. Executive Order 11110, Kennedy tried to print his own currency. Just like Lincoln, who said the bankers were a bigger threat than the South. Garfield wanted to abolish the Fed.
Literally all this was was a commercial for him to gain more business lmfao, last time I checked we're not a socialist country that we don't require a wheel barrow of money to buy a loaf of bread.
! Tell me about Peters Hyperinflation prediction?
lol You did Remember. :)
lmao
FEAR SELLS
Up next Tony the tiger predicts frosted flakes will be great. This guy has been saying this every minute since 2008. Yeah he'll be right eventually, he's still a hack.
Now you'e just being gratuitously provocative. Frosted Flakes is already great.
Maybe you should criticise the mainstream media who tell you the economy is booming every single day right up to the day prior to a GFC? That would make more sense wouldn't it?
Jey Forey i def criticize both. For basically the same reasons I criticize him.
Right? Right? Right? You know? And... Right? You know?
Trump gon fix eerythin
believe him, believe him
Maybe he can fix your spelling
Lol
Hello to the next financial crisis
Be very careful in the way of putting politicians or news contributors on your podcast . My advice . They won't add to what your doing . My advice .
someone who knows about money explain if i should be scared or not. he seems very pessimistic about the future but i literally have no idea if hes full of shit or not
Peter Schiff understands the big picture like credit cycles and the root causes of asset inflation. However, Schiff doesn't necessarily know the optimal strategy to navigating the financial markets. Depending upon your approach to investing, timing can be quite critical. I made a small fortune betting on the Financial Crisis of 2008 but also lost much of it, because I didn't know how to manage risk. Schiff's book 'Crash Proof' clued me in on what was about to happen in 2007 and blueprinted the underlying causes of malinvestment, bubbles, crashes, and the likely response from the U.S. government and monetary authority. I'm no longer an active financial advisor, but the one advisor whose investment philosophy that I align with the most is Mark Spitznagel. Check him out.
It is wise to look into cryptocurrency or real estate in my opinion.
Weiron123456 cryptocurrency like bitcoin is highly overvalued right now, almost doubled in a matter of weeks. Wait for it to crash/correct itself.
Real estate is always a good bet, however your management of it is what makes the difference. Rent it out, use the cashflow from that to pay off your loan and then get a new loan with the cashflow for new real estate. Etc,...
Billy However
If you're a capitalist, you pray for an economic crisis. No beter way to have the market cleared of overvalued bullshit gassed up stocks, assets.
It's always a correction of the overinflated marketplace (inflated by our general optimism). Crisis then in turn overcorrect due to the emotional nature of the same optimistic market becoming pesimistic. Which allows you to buy assets, stocks,.. well bellow their actual value. The hardest part is guarding yourself from being affected by the next crisis. Here is where true capitalists prove them selves. :)
So Bill, don't be fearfull. Educate yourself on what you can do to both guard yourself and benefit from crisis.
Be the guy who invests in a depressed market and sells in a normal to high one.
The next crisis is not here yet, give it a few more years. But arm yourself with the knowledge to detect it, and benefit from it.
CurrencyVigilante schiff predicts economic meltdown every year. He just happened to be right in 2008. I'm sure he'll be right again someday, but if you go jumping to invest in assets every time peter schiff says there's going to be a recession, you'll end up investing everything you earn for the rest of your life.
Actually he's right buddy works in finance pretty high up there he's been saying the about same thing...Like this is going to be global not just America
But the U.S. is in an exceptionally worse position now, unlike in the past.
Buy Bitcoin
TannedWanderer
Buy copper ingots
Sell Bitcoin
Jordan Barlow
Hedge bitcoin
People got to remember that economists are not fortune tellers. They can only tell you the consequences of certain policies not exactly when it’s gonna happen. The Austrian theory of the buisness cycle states that if the interest rate is artificially held too low by the central bank a artificial boom happens and will inevitably crash. That is what he is saying.