Peter Schiff - A Recession is Coming
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- Опубликовано: 14 окт 2024
- Audio is taken from the Joe Rogan Podcast with guest speaker Peter Schiff. This segment is talking about a recession in the near future and the events leading up to it. I have added visuals to the conversation.
*all pictures are taken from bing search engine.
*audio is from the joe rogan podcast
#peterschiff #economics #joerogan #recession
Let our high government officials work in Walmart in the morning and work in the fast food kitchen in the evening for the monthly rent payment and food for the family. Then they will know how great our economy actually is.
Yeah, it's their fault that Walmart/fast food is all you qualify for. Cry me a fucking river. How about working 7 days/wk, 16 hr days, developing skills/educating yourself/hustling, and create a successful small business? For those who DARE to work, the economy is pretty fucking awesome right now. A hell of a lot better than the 8 years Barry was fucking things up. Did you even notice that gas prices hasn't exceeded $4/gal for the first time in almost 10 years? Your miserable existence is of your own doing. Oh, I forgot, you're a "victim" of "oppression", or some bullshit.
@@joeashbubemma Oh, I qualify for much higher levels of jobs. I have three degrees. I was not talking about me...... I was commenting about the 75% of our US population that works and lives on paycheck to paycheck. With no savings in hand, they can starve to death if they miss just one paycheck. Not all of these people are under educated. What you will sell (in your suggested small business) if you don't have enough customers but you must have to pay taxes to the government and if you need to pay $15/hr to each of your employees. Check out the empty shops in the malls that were in business for decades. Check out the condition of GM, Chrysler, Sears, GE, Toys r us and the Weatherford. These were technology gaintts of US industry. What part of the population gets benefits if the stock market goes high? Why our number of industrial production employees has cut into half comparing from the year 2000? Before you believe the government's propagate of good economy you need to check the reality of a common person. Those high government officials have never been in the situation of 75% of our population. I hope you will understand my point now.
@@khanimtiaz7986 My brother, I had my business in Hawaii where there were serious labor shortages in the mid 2000's. Min wage was irrelevant, my people had to be trained and STARTED at $10/hr with NO SKILLS, there are no schools in my industry. My guys made anywhere from $13/$20/hr. + bonuses, 4 wks paid vac. full med/dental/401K. I was forced to compete with other businesses for laborers, some of whom never finished HS. Point is, limit migration, laborers win. As far as the stock market, who's stopping people from investing? When the stock market goes up, INVESTORS make money. I started with $200 on Ameritrade, parlayed it to over $20K. Today, I could retire at 51 with the value of my 401K. Don't blame me if the vast majority of people simply refuse to learn how to manage money. Most people won't save 10% of their income, invest in real estate/stocks, they would rather go into consumer debt for big screen TV's, $600 smart phones, and new cars. You talk about brick and mortar stores going under, but you ignore ONLINE sales, tech industries, and manufacturing, all of which are booming. YES, the Central Banking system is corrupt, and the FED reserve system should be destroyed (which is what Trump is trying to do), but for the "average" person, they simply don't care to even get a degree. I understand your compassion, but I'm sure you've worked your ass off to get your degrees, as did I. Your "compassion" doesn't put food on people's tables without stealing it from those who earned it outright.
we have been in uncharted territory since 1972😃
I'm one of those with a worthless liberal arts degree and tons of debt. I'm 55 and make my living (if you can call it that) selling used books on Amazon. I have applied for and been hired for eight different jobs in my generally local area, but decided against taking any of them because they wouldn't have earned me as much income as my book selling. That's because they were all part time, no benefits, and/or temporary positions. I found one good one but it would require moving 500 miles, and I'm just not in a position to do that now, either. Just hope I can keep selling a few books.
You put yourself in a box. If you would have taken a low-paying sales job years ago, you could have worked your way up into a 6-figure income. You take no risk in life, you get no rewards
@@garygwin1741 I've tried sales and hate it. I couldn't sell a $10 bill for $2.
@@garygwin1741 I guess you've got all the answers then, don't ya??
Over 75,000 PT jobs in Socialist Minnesota.
Black unemployment numbers are at record lows due to 6 trillion dollars in funding that sector of the population. It came from the Exchange Stabilization Fund during the Obama administration and was coordinated by ACORN and institutions of similar forms as well as lobbyiests throughout the US.
Wait till you all find out that this is all True.....🤔
No job..no work...no money?. What's the problem...get a credit card...buy a house.
lol!
We can do a Ninja loan 😂 (no income or job) that's no problem. Just sign here for your brand new discover card, only at 22 percent interest.
Schiff is awesome... just hit the mute button when he starts selling his gold products
WOW what a stupid comment. That's the equivalence of sitting through a doctors appointement and leaving right as the doctor starts recommending a prescription. I mean, either what he says is true or not.
Ok schiff i convinced of your bs. I shall buy your gold. Bwahaha
I met former engineers that were let go from Lucent back in 2006 that made on average 20-30 an hour because they hired immigrant engineers on HB-2 visas that were paid 5-7 an hour...
Immigration is GREAT huh? Products are a lot cheaper because these immigrants are willing to work for pennies on the dollar.
Peter schiff is so true
An about face would mean the US surrendering its place in the world
Pelosi 2020???😱😱😱😱
this guy has been saying this since 2012
Ddstairclimber yeah i have read that he has been saying this forever but his argument is sound. I mean... you can argue with the fact we will go into a recession. Govt is spending more money than ever and cutting taxes. I feel Trump is trying to push it onto the next President and really doesnt want to win any re-election or be the scapegoat.
He has, and you know why, because no one in their right mind thought that we would keep borrowing money to prolong the crash. I thought we would allow our economy to crash instead of continuing to inflate the bubbles in the markets. The fact that we keep borrowing is just prolonging the crash. Now that the fed is raising the rates, the markets are going to correct themselves and start deflating these bubbles.
more like 2002
Yes and he was saying it for 4 years before the last crash in 2008 and guess what? He was right. So I'd listen to him if you have any brains.
@spitchill well if you say every single year for 15 years that gold will go up sooner or later you will be "right", if he is right it will just be coincidence. I listened to this clown back in 2012 and lost money