When you look at the United States, there is something wrong with big cities producing nothing but finance and then telling small towns where food is actually grown to pay for the subways, the big city infrastructure, social reeducation programs etc.
there is something wrong with having all the southern ports generate all the federal revenue trading tobacco and cotton, then the federal government spending almost all that money on northern projects and railways and the urban blight. problem is there were 30M northerners and 5M (free) southerners. if you dont feed them, they will simply come take your land and family. you could not defend your plot against 100 people, much less a thousand. now get out there and toil the land matey. you shouldn't even have internet.
Schiff wrongly states that the US Government prints all money. In fact the US gets all money from taxation and borrowing. BANKS create almost all money out of thin air when they issue loans. That is why 97% of all money exists only in the computers of private banks.
@@widehotep9257 Those are semantics. At the end of the day - Fed prints money, Government borrows it. => printed money ends up mostly in government's hands. Banks printing money - that is fractional reserve banking, where they need to back only 10% of the total loan amount they issue. The result => government borrows money, people borrow money from banks, government provides tons of benefits for disability covid and what not, people go unproductive, government needs to raise taxes since the existing tax revenues cannot cover interest rate payments, people cannot pay the increased taxes since they are already broke from low productivity and borrowing money => government borrows more, eventually leading to inflation. Welcome to the present, have fun.
@@kk1993kk You and Schiff still believe in the nonsensical "money multiplier effect" introduced by Milton Friedman in the 1960's. Welcome to reality, you brainwashed parrot. Please do a youtube search for "money multiplier MYTH" to learn the truth: Banks create money out of thin air when they issue loans with no need for reserves OR deposits. Here's Dr. Ole Bjerg explaining the process in a 15 minute TedX Talk: ruclips.net/video/CvH66fz9nyU/видео.html You can also read here, the bank of england admitting that most money is created by banks when they issue loans: www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy Peter Schiff doesn't understand where money comes from, which is why his hyperinflation prediction "before the end of Obama's first term" was a complete and laughable failure.
Government is awful at everything. Why should we trust them with central banking. Edit: to all you complainers and technical analysts, the government mandates that we only use federal reserve notes as legal tender. I never said they controlled the Fed.
Agreed. But the only thing worse than government is the myopic vision of the Corporate world fixated as they are on next quarters earnings. It's all a case of the stupid leading the blind isn't it? So if you're a clear sighted individual the only thing you can do is arrange your financial self to be as far away from that couple as you can get. Because ultimately when it all falls apart it's going to come down to who has done the best damage control for themselves. We're all going to get hurt to one extent or another. It's just a question of how well you mitigate it. To which I say....Good luck. John~ American Net'Zen
Thanks peter for these videos . Am from africa and over the past 2 years learnt more on economics, investments ,fiscal and monetary polices. Thank you for your time spent sharing these information.
Bitcoin is the future of crypto and the question traders ask themselves now is if this is right Time to invest? before jumping into conclusion I think you should take a look at things first.
the disasters are coming faster, and with greater intensity; no one can actually predict the future, but it's clear that it's just a matter of time. 12 years since the last crisis; if we recover now, how many will it buy this time? 3-5?
That's great however I hope (😉) you're using his insights to make "business" decisions., not decisions based on Ecomonics. In other words - use insights on business insights /trends /changes /business policies and models.....BC businesses fuel the economy 😉
@@hvaball150 Most country are starting to drop the USD and their own bonds. If you look in the past 10y, the FED/pension/state bought 40% of the bond sold.
@@jeremielachance6125 ok. but I will comment that last I checked we had about 6T in foreign interests in that type bond scheme and our debt. we cant afford to much of a foreign interest payments, cause that is REAL money that has to leave. the other 21T or so is just internal IOU stuff. left hand to the right hand. its incorrect to even call it "debt". that's to fool the public. ideally the system would seek ever decreasing foreign investment. so I would not be alarmed we are not taking more foreign investments. actually it's bad for them (foreign countries) cause now they need to find alternates. want to put your money in Argentina bonds? we can easily afford the foreign debt, 6T is 120B per year at 2% interest. We collect 3T-4T on fed income tax alone. the foreign interest is half a percent of our GDP. it's like you or I having $25 in credit card interest per month. we want them to earn dollars by giving us cheap goods though. that's the theft.
I love Peter Schiff. I'm not knocking him. If you listen to him you'll always have a chair when the music stops. Problem is you'll never get to dance cause you'll never leave your chair.
I just seen the video and clicked on it and was watching as I was planting more tomatos in my garden and I thought he was talking about 2021...holy Fk this was from 2012 LOL 100% spot on Peter.
@@timthetiny7538 yeah, he certainly isn't right on many things. I do find it interesting to hear a different opinion other than from the mainstream. One thing I did find interesting from this video is his prediction that the fed would keep printing money and that inflation would become more prevalent. Both those things have been happening more recently.
He says how foolish the price of $38 was for Facebook stock. Look at where the FB price is today. Meanwhile, gold is the same price as when the talk was given in 2012.
Long term success, but short term pain vs short term success, but long term pain Financial Conservatives vs Government God Rehab vs Addiction We are in big trouble.
Which should only tell you especially that the feds are out of tools now that rates are next to zero that we are getting very very close. Nobody can predict when but I do believe in my heart and soul that this entire Ponzi scheme is coming down soon.. I don't have any wealth in any digital assets such as stock market cryptocurrencies or the like.. I store my wealth in real money physical gold and silver that will be unaffected by outside forces or the crash of the dollar. All Digital assets have threats of hacks solar flares grid down events emps..
@@danielkurek7009 If the crash Peter is saying will happen actually happens, the price of gold and silver will go down. Gold dropped precipitously in 2008 Furthermore, if this happened, real prices of much stuff would go through the roof. Shortages cause prices to rise, not fall.
@@walden6272 There are videos of people like Doug Casey on TV in 1980 saying the hyperinflation is about to happen. /watch?v=uAk6_74m_kI People just assume that if things change, all the rules will stay the same. The people who make and enforce the rules are the ones in charge. They will change the rules. Everyone like Peter Schiff, like his father, said the US would have hyperinflation after Nixon ended gold convertibility. Then later in the gold bubble and on and on. When it happens, and it probably will, nobody will be able to say they knew in advance what set of things would get it going. If your timing is off by 40 or 60 years, what good is it?
The cost to borrow money would increase dramatically. All large companies take on debt to finance growth, production, etc. When the cost to borrow gets too high, they stop borrowing, things slow down. People get laid off. The cost of houses comes down because people shop based on the monthly payment, not the price of the house. Your monthly payments go up on everything at 7%. Also, as a side effect, savings accounts would start paying savers 3-5%. That money comes from high risk assets like stocks. Less money in stocks = lower stock prices. As far as the govt is concerned, a high interest rate would make our debt payments astronomically higher, essentially rendering the US insolvent. Low rates are “monetary heroin”
I've listened to a number of Peter Schiff's videos and of course this one and thought I'm English & in England, I have family in USA and from the logic heard (sometimes under challenge), I think why not have him for president. (What the USA does will eventually affect us in England too!).
@Clec Torres with 2 Trillion UK pounds sterling in debt you must be joking. you don't understand economics because if you did you would know about the Hyperinflation in the Weymar Republic in the 1920. that is today Germany.
Remember the quote from Jefferson about slavery: "“We have the wolf by the ear, and we can neither hold him, nor safely let him go.” I think that now perfectly fits the FED and the national government on the debt, stimulus, and inflation.
Politicians don't care, that's the reality. Productivity is non-existent. We accommodated ourselves with a lifestyle above our means. Borrowing from the future to live in the present is financial suicidal!!
Austrian economics is really about discipline and freedom! Free market true capitalism! Not Keynesian/ socialist/ fiat that leads to the destruction of our USD
Very good general review, still very true, but really old. This was produced in June 2012!! Of course things are much worse now, and Mr. S. is still warning us.
However poorly managed the US is, it remains one of the most resource rich countries in the world so it's unlikely to end up like Greece. Like Africa, maybe, owned by the Chinese and with just a few rich men owning pretty much everything. Oh, wait...
With so much world financial weakness I have a bad feeling war will break out along with currency collapse. Someone will try and take advantage of a bad situation
Indian RBI (India's Central Bank) Governor said "Printing Money Should be the Last Option". In the face of current Western Monetary policy he might sound like a fool but listening to Peter Schiff gives some hope to us Indians that our RBI governor knows what he is doing!
We are not Greece by a long shot. We have vast natural and people resources. However, I agree that our Federal Reserve and Congress practice very bad fiscal policies.
China has vast people resource's who actually make all the stuff the world wants, what do Americans do to contribute to the rest of the world, here's a suggestion start digging up those resources and sell them to china so they can build useful things
@@adamplevey8385 What does America contribute to world? Look around you, it was all created by us. The Internet, computer technology, satellite communications, and so much more. Not all Americans are the like the sad sacks currently running our country. They won't be running it much longer. We will bring manufacturing back to the USA again. The elites who have sold us out to foreign interests cannot stop it. We will have a very rough patch during our transition but rest assured, it will happen.
We need to borrow 60 trillion dollars and every person in America gets a Lamborghini those are my final demands I want a Lamborghini all the gasoline I can burn up through the Lamborghini and the government needs to borrow 60 trillion dollars and don't worry about improving anything just give me the money so I can go to the mall and fast-food joints
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
When you look at the United States, there is something wrong with big cities producing nothing but finance and then telling small towns where food is actually grown to pay for the subways, the big city infrastructure, social reeducation programs etc.
there is something wrong with having all the southern ports generate all the federal revenue trading tobacco and cotton, then the federal government spending almost all that money on northern projects and railways and the urban blight. problem is there were 30M northerners and 5M (free) southerners. if you dont feed them, they will simply come take your land and family. you could not defend your plot against 100 people, much less a thousand. now get out there and toil the land matey. you shouldn't even have internet.
@@hvaball150 mob rule 101
@@hvaball150 the fed spent 70 million this year taking wild horses off federal land to the slaughter houses.
That happens when .gov grows so big and centralize it all. It becomes a redistribution game just to stay in power.
Small towns grown the food and provide lumber, whoopty doo. Literally everything else done in the cities.
This speech was made on my 5th day of working my real job. Wow how far we have gone since then, and Peter has been right all along.
One of the best ever Mr Schiff.. loved all the layman's term analogies!
They're always about drugs
pure gold you might say
Schiff wrongly states that the US Government prints all money. In fact the US gets all money from taxation and borrowing. BANKS create almost all money out of thin air when they issue loans. That is why 97% of all money exists only in the computers of private banks.
@@widehotep9257 Those are semantics. At the end of the day - Fed prints money, Government borrows it. => printed money ends up mostly in government's hands. Banks printing money - that is fractional reserve banking, where they need to back only 10% of the total loan amount they issue.
The result => government borrows money, people borrow money from banks, government provides tons of benefits for disability covid and what not, people go unproductive, government needs to raise taxes since the existing tax revenues cannot cover interest rate payments, people cannot pay the increased taxes since they are already broke from low productivity and borrowing money => government borrows more, eventually leading to inflation. Welcome to the present, have fun.
@@kk1993kk You and Schiff still believe in the nonsensical "money multiplier effect" introduced by Milton Friedman in the 1960's. Welcome to reality, you brainwashed parrot. Please do a youtube search for "money multiplier MYTH" to learn the truth: Banks create money out of thin air when they issue loans with no need for reserves OR deposits. Here's Dr. Ole Bjerg explaining the process in a 15 minute TedX Talk: ruclips.net/video/CvH66fz9nyU/видео.html
You can also read here, the bank of england admitting that most money is created by banks when they issue loans: www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy
Peter Schiff doesn't understand where money comes from, which is why his hyperinflation prediction "before the end of Obama's first term" was a complete and laughable failure.
The fed setting interest rates and soviets setting bread prices is a good comparison.
same thing tf... i see no freedom.. free markets in either scenerio
This guy makes so much sense it's scary
Yeah Peter is Ite!!!$;]
Government is awful at everything. Why should we trust them with central banking.
Edit: to all you complainers and technical analysts, the government mandates that we only use federal reserve notes as legal tender. I never said they controlled the Fed.
One of my favorite quotes is Friedman’s “ if the federal government was in charge of the Sahara desert there would be a shorted of sand in 5 years”
Agreed. But the only thing worse than government is the myopic vision of the Corporate world fixated as they are on next quarters earnings.
It's all a case of the stupid leading the blind isn't it? So if you're a clear sighted individual the only thing you can do is arrange your financial self to be as far away from that couple as you can get. Because ultimately when it all falls apart it's going to come down to who has done the best damage control for themselves.
We're all going to get hurt to one extent or another. It's just a question of how well you mitigate it. To which I say....Good luck.
John~
American Net'Zen
@@johncurtis920 John, agree, but much of what corporate America has to do is mandated by government regulation!
we don't need central banks we have free markets
They have the best money printer.
Thanks peter for these videos . Am from africa and over the past 2 years learnt more on economics, investments ,fiscal and monetary polices. Thank you for your time spent sharing these information.
@Peťer Sçhįff fake comment
@@jurgenklopp1506 yes I know .thanks
Peter Schiff was right then, and this classic holds up well with the passing decade.
Peter Schiff was right, 30 years early!
Ignore Peter Schiff at your own peril ... timeless ... any leader should watch this and take notes ...
ThankYou Peter. Your efforts are appreciated.
Let's go! Thank you Peter.. keep the good stuff coming! Keep out of the non financial BS please.. Awesome video!
Always loved this video. Peter dismantling "stimulus" 10 years ago before it was a household word, and the entire economic path we have embarked on
Spread your money among different asset categories like bitcoin and stock, then further allocate those funds within each category.
The Rich invest their money first into assets instead of purchasing liabilities. Take a Wise decision today to buy and invest in crypto currency
Despite the economic crisis, this is Still a good time to invest in Gold,dogecoin and Crypto
Bitcoin is the future of crypto and the question traders ask themselves now is if this is right Time to invest? before jumping into conclusion I think you should take a look at things first.
Investing in Crypto is lucrative and a big chance to make money online
Stocks are good crypto is better
Crypto is the future
"Cant go on forever "
10 years later...
Who could have possibly predicted that they would use lockdowns as a new tool to curb spending/hyperinflation in the global economy?
It’ll probably go on for another 10 years but it’s exactly how money dies.
@@Benitoxx unless we get another volcker/reagan combo
Well gold is coming to cover the dollar it has too unless they want to lose all they play money
the disasters are coming faster, and with greater intensity; no one can actually predict the future, but it's clear that it's just a matter of time. 12 years since the last crisis; if we recover now, how many will it buy this time? 3-5?
I base my whole investment principals around this man. I am up a lot and looking to go higher. Thank you Mr. Schiff!!!
Will common sense win? Can it win?
Peter schiff is one of the best pm I use same tactics
Same
That's great however I hope (😉) you're using his insights to make "business" decisions., not decisions based on Ecomonics. In other words - use insights on business insights /trends /changes /business policies and models.....BC businesses fuel the economy 😉
It's like he recorded this yesterday,
everything applies know,
"Imagine a 1 trillion stimulus".
We are way further in the fan, 8 trillion stimulus. Anyday this show will stop
Yep! And the great collapse is always just a few more years away, at most. And Bitcoin has definitely topped and is going to zero. For sure this time.
nowadays it is difficult to imagine such a small stimulus.
I thought it was a current podcast....until he mentioned Romney v Obama. Boy oh boy.😳
The video is Old one.
Thank you for allowing this to be seen on RUclips for FREE Peter …. We all appreciate you !
Peter Schiff is simply brilliant 👍
2000-2019 real average inflation was 6%, 2020 is 25%, 2021 is 20%. Who's going to be buying 30yr treasuries paying 2%?!?
The Fed
99% of the world
@@hvaball150 Most country are starting to drop the USD and their own bonds. If you look in the past 10y, the FED/pension/state bought 40% of the bond sold.
Do you have a good non-gov site where the real inflation numbers can be found?
@@jeremielachance6125 ok. but I will comment that last I checked we had about 6T in foreign interests in that type bond scheme and our debt. we cant afford to much of a foreign interest payments, cause that is REAL money that has to leave. the other 21T or so is just internal IOU stuff. left hand to the right hand. its incorrect to even call it "debt". that's to fool the public. ideally the system would seek ever decreasing foreign investment. so I would not be alarmed we are not taking more foreign investments. actually it's bad for them (foreign countries) cause now they need to find alternates. want to put your money in Argentina bonds? we can easily afford the foreign debt, 6T is 120B per year at 2% interest. We collect 3T-4T on fed income tax alone. the foreign interest is half a percent of our GDP. it's like you or I having $25 in credit card interest per month. we want them to earn dollars by giving us cheap goods though. that's the theft.
I love Peter Schiff. I'm not knocking him. If you listen to him you'll always have a chair when the music stops. Problem is you'll never get to dance cause you'll never leave your chair.
i dance with my business ventures. i consistently compound my wealth with stocks / commercial property. so far, so good.
Peter is brave to speak truth
I'm amused that in the end he says the crisis could be right away, or maybe in a year or two if we're lucky. (Recorded nine years ago!)
Fantastic speech!
This was 2012 ? Right ? Nothing has changed. Unbelievable.
Ralph Kramden from the HoneyMooners would say to the Federal Reserve: "One of the days.........POW right in the kisser."
Oh you’re a riot Dan!
Washington can keep their hands out of my pocket, I can stimulate myself!
Warshington is dirtier than that. They try to spread your cheeks.
Very accurate analysis. ..👍👍
That's great insight🙏 thanks Peter
25:15 comment on Facebook hasn’t aged well. Went from under $30 to now over $300 (June 2021). People who bought Facebook at the IPO did well.
I just seen the video and clicked on it and was watching as I was planting more tomatos in my garden and I thought he was talking about 2021...holy Fk this was from 2012 LOL 100% spot on Peter.
Ha, I thought the same. Wow, this video was from 2012.
So spot on that nothing he mentions here has happened yet? A decade later
@@timthetiny7538 yeah, he certainly isn't right on many things. I do find it interesting to hear a different opinion other than from the mainstream. One thing I did find interesting from this video is his prediction that the fed would keep printing money and that inflation would become more prevalent. Both those things have been happening more recently.
Truth will last the test of time.
🙏🙏👍🙏🙏
Thanks much for your good work 👍 Peter.
🤗🤗🤗🤗🤗🤗🤗🤗
I've listened to this many times in the last 5 years. Seems to get more relevant every year
And, he may become even more relevant in the coming years.
Amazing analogy
Great information, Peter
Man, i would love to see this in my lifetime.
I found this man and his message in late 07-08. He was right then and right today. Thanks for staying on point Peter!
Iconic speech!
ONE OF MY FAVORITE VIDEOS EVER
Ignore the date he gave this lecture, and it 100% applies to 2021.
Summary Judgment: Summary Execution
He says how foolish the price of $38 was for Facebook stock. Look at where the FB price is today. Meanwhile, gold is the same price as when the talk was given in 2012.
You've lost weight and are leaner now than you were 10 years. That's why you make my 75 year old grandma blush lol.
The voice of sanity.
The term to describe this is: "Droppin Knowledge".
Long term success, but short term pain vs short term success, but long term pain
Financial Conservatives vs Government God
Rehab vs Addiction
We are in big trouble.
Wow, I didnt realise this was recorded in 2012.
Its like he's, talking about 2021/22
makes it even more scary huh
@@foolsleadtheworld578 i agree, getting through each month will be an achievement.
And that is good, you think?
@@ZelenoJabko I don't know the answer to that, if what is being said is bad news, no. BUT if what is being said is just in time to prepare, yes
I am confused. Where is the promotion material about Bambee HR services, hair-loss treatment or that job-hiring website?
Government money and keynesian economics had played out exactly like it was predicted
"... a year, two years... I think it's gonna happen...." Here we are, NINE years later. Still has not happened.
It's going to go on another 9 years for sure.
Which should only tell you especially that the feds are out of tools now that rates are next to zero that we are getting very very close. Nobody can predict when but I do believe in my heart and soul that this entire Ponzi scheme is coming down soon.. I don't have any wealth in any digital assets such as stock market cryptocurrencies or the like.. I store my wealth in real money physical gold and silver that will be unaffected by outside forces or the crash of the dollar. All Digital assets have threats of hacks solar flares grid down events emps..
@@danielkurek7009 If the crash Peter is saying will happen actually happens, the price of gold and silver will go down. Gold dropped precipitously in 2008
Furthermore, if this happened, real prices of much stuff would go through the roof. Shortages cause prices to rise, not fall.
@@tarstarkusz We'll talking about a hyperinflation crisis, nothing like 2008.
@@walden6272 There are videos of people like Doug Casey on TV in 1980 saying the hyperinflation is about to happen.
/watch?v=uAk6_74m_kI
People just assume that if things change, all the rules will stay the same. The people who make and enforce the rules are the ones in charge. They will change the rules.
Everyone like Peter Schiff, like his father, said the US would have hyperinflation after Nixon ended gold convertibility. Then later in the gold bubble and on and on. When it happens, and it probably will, nobody will be able to say they knew in advance what set of things would get it going. If your timing is off by 40 or 60 years, what good is it?
CLASSIC!!!!!!
Can someone explain why there would be such a disaster if rates were raised? Like 7% as Shiff is saying?
The cost to borrow money would increase dramatically. All large companies take on debt to finance growth, production, etc. When the cost to borrow gets too high, they stop borrowing, things slow down. People get laid off. The cost of houses comes down because people shop based on the monthly payment, not the price of the house. Your monthly payments go up on everything at 7%. Also, as a side effect, savings accounts would start paying savers 3-5%. That money comes from high risk assets like stocks. Less money in stocks = lower stock prices.
As far as the govt is concerned, a high interest rate would make our debt payments astronomically higher, essentially rendering the US insolvent.
Low rates are “monetary heroin”
I've listened to a number of Peter Schiff's videos and of course this one and thought I'm English & in England, I have family in USA and from the logic heard (sometimes under challenge), I think why not have him for president. (What the USA does will eventually affect us in England too!).
Wasn't this uploaded already? Love it though, watching again!
I think Britain is the new Greece.
For sure it is
@Clec Torres with 2 Trillion UK pounds sterling in debt you must be joking. you don't understand economics because if you did you would know about the Hyperinflation in the Weymar Republic in the 1920. that is today Germany.
Being compared to Greece is not a bad thing. Greece has survived over millennia. Some of their greatest achievements are still serving today.
Greece is in shambles right now, economically.
Remember the quote from Jefferson about slavery: "“We have the wolf by the ear, and we can neither hold him, nor safely let him go.” I think that now perfectly fits the FED and the national government on the debt, stimulus, and inflation.
I thought he was talking about today
Peter thanks to u i have learned about Austrian economics..
Peter Schiff's speaks about Washington's Keynesian Trap at the Fraser Institute on June 5, 2012.
Politicians don't care, that's the reality. Productivity is non-existent. We accommodated ourselves with a lifestyle above our means. Borrowing from the future to live in the present is financial suicidal!!
Peter was right •
Brilliant
I dont think some of these politicans would even be able to run an efficent economy in Cities Skylines lol
Peter deserve at least 1 million subscribers
how many years ago did you put this out? It is so relevant to today.
Austrian economics is really about discipline and freedom! Free market true capitalism! Not Keynesian/ socialist/ fiat that leads to the destruction of our USD
Very good general review, still very true, but really old. This was produced in June 2012!! Of course things are much worse now, and Mr. S. is still warning us.
What would that even look like. What does it me for a Sovereign State to pay back another Sovereign State?
QE3? Please. We've got QE infinity now.
However poorly managed the US is, it remains one of the most resource rich countries in the world so it's unlikely to end up like Greece. Like Africa, maybe, owned by the Chinese and with just a few rich men owning pretty much everything. Oh, wait...
US is the best. Also got huge firepower compared to Greece and China.
Chinese cant feed themselves. they wont own anything once half a billion people go starving and want answers from their government.
Peter Shiff is a Real Star but that video is Old one. But never mind it's still educational. Thanks Peter.
Peter, sir you're the best, I luv you!
I can't believe more ppl haven't seen this video. So crazy how ppl aren't paying attention
Peter please get this on audio version for Spotify.
On fire then, on fire today. Good work m
Lot of new material here for Jeff Gundlach 🤣
😂😭🤣
This is not new. It was recorded in 2012 and for some reason, re-uploaded this week.
Amazing content!!!
Sir I love your videos and podcast.
10 years early but still right
Isn't this old
I think so? But I’m getting older and forgetful. Now everything that’s old is new again?
Bitcoin is no longer the crypto. Cumrocket took over. Is that new enough for you?
Talking about Obummer, so yeah 7or 8 years.
Video's description means something for you ;) ?
Me from greece watching 😯
Not quite right Germany profit from a weak Greek economy because it lowers the euro which means the Germans can export cheaper goods.
With so much world financial weakness I have a bad feeling war will break out along with currency collapse. Someone will try and take advantage of a bad situation
Whoa from 2012
Just as applicable now as years back.
HA !! This talk is more accurate than ever... even after 9 years !! LOL !!
At minute 53
He perfectly nails MittWit Romney.
😆
Never bet against America
The governments are to big.
Wasn't this year ms ago? A clean shaven Schiff.👍
Expert John Kennedy is obviously the best, he Change my 1.5BTC to 4.3BTC within 7days of trading, Whats////App him
Indian RBI (India's Central Bank) Governor said "Printing Money Should be the Last Option". In the face of current Western Monetary policy he might sound like a fool but listening to Peter Schiff gives some hope to us Indians that our RBI governor knows what he is doing!
If inflation is so high how was he able to afford a razor?
Why was this re-uploaded?
I just bought some silver and gold peter... how do i retire from this?
We really need a new episode Peter 🙏 Hopefully by thursday so you can digest for us the newly cooked cpi report.
P.s will Besal 3 send gold to the 🚀🌞?
We are not Greece by a long shot. We have vast natural and people resources. However, I agree that our Federal Reserve and Congress practice very bad fiscal policies.
Venezuela is full of resources...
Lack more in people each day... unfortunatelly...
China has vast people resource's who actually make all the stuff the world wants, what do Americans do to contribute to the rest of the world, here's a suggestion start digging up those resources and sell them to china so they can build useful things
@@adamplevey8385 What does America contribute to world? Look around you, it was all created by us. The Internet, computer technology, satellite communications, and so much more. Not all Americans are the like the sad sacks currently running our country. They won't be running it much longer. We will bring manufacturing back to the USA again. The elites who have sold us out to foreign interests cannot stop it. We will have a very rough patch during our transition but rest assured, it will happen.
Stop the negativity! Let the markets do their thing.
They're printin' munnie ! They're printin' munnie!
We need to borrow 60 trillion dollars and every person in America gets a Lamborghini those are my final demands I want a Lamborghini all the gasoline I can burn up through the Lamborghini and the government needs to borrow 60 trillion dollars and don't worry about improving anything just give me the money so I can go to the mall and fast-food joints
America is very very rich but unfortunately all the money is not with the government but with the billionaires.
Not enough billionaires to pay 1/10th our debts.
Should have actual date somewhere
Peter was so calm before Bitcoin. Now he's the Dark Knight.