The Coming Economic Collapse | Confronting Peter Schiff in Person.
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- Опубликовано: 21 окт 2024
- Peter Schiff: europac.com/ and @peterschiff ☘️☘️☘️Saint Patrick's Week SALE💚🎩69% OFF🎩💚metkevin.com/join | Member-Only Streams, Massive Team Trading Challenge, PRIVATE Q&A, Fundamental Analysis, and More. ☘️🍺☘️
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Raising the debt ceiling is like me getting another credit card to transfer my balance to to avoid having to pay it off.
What's wrong with that?
@@SolidNate99 eventually the debt comes due
I like this interview - I enjoy the relaxed version of Peter and I’m glad you brought up competing ideas for him to reason through/against.
Awesome you interviewed Schiff he understands what’s going on more than anyone
Hes been saying shit is going down for 10 years+. If u took his bets 10 years ago u would hav gotten wrecked
Yes, but his timing is terrible. Austrian Business Cycle Theory plays out over decades.
He’s a value guy anyone with that thesis would get wrecked in this economic environment. I’ve never listened to him for investment advice, hes a good resource for clarity on macroeconomic issues. It’s important to know why you’re listening to people. Kevin has a different perspective I use both
Yes keep believing him and stay broke.
Timestamps:
1:09:00 Peter Schiff on Tesla
1:14:00 elon buying twitter/politics
1:18:00 desantis vs newsome vs trump
1:24:00 thoughts on bitcoin
So the first hour was nothin?
Thank you
1:24:23 thoughts on Bitcoin
Tesla is not just a EV, they have energy, robotics and FSD. And don't bet against a man that could make a reusable rocket that no one could.
I don't trust Bitcoin. It is not back-up most importantly and no uses for it
This is quality content, holy crap. At least Kevin is being well rounded with different view points.
What do you mean at least? Kevin is awesome.
@@willporter9620 in the past hes been believing everything in main stream media. But now hes rexamining those beliefs. Thats a good thing.
Did you find my comment where I debunked Peter's Bitcoin thesis?
@@willporter9620 people love schiffs doom and gloom and think optimism is dumb.
Peter Schiff is one of the GOATs. Don't always need to believe him, but always worth listening to him.
Peter is extremely principled. Respect for that. But if you just blindly listen to him, it's easy to miss out on a lot of opportunity.
I like Peter, but you’re right. Bought a lot of beaten down stocks last fall and sold them in January. Had I listened to him I wouldn’t have done that.
Thts why i just buy #Tsla aside from #Bitcoin nd some gold nd real estate. Every other stock is a risk imo. #Tsla is the only for sure stock that has a lot more upside than downside imo
You shouldn’t blindly listen to anyone.
it’s all fine and good considering that you know what the big gorilla in the room the FED is going to be laying out the ground rules for the future. Well… you can only look at what they have done the last 40 years. Everyone believes and makes decision what they have done the last 40 years will continue. The markets are going to be changing the FEDs calculus which everyone relies upon. They resisted that for decades now. Now they have so many currents they are dealing with. … only now after 2008 financial crisis. We have the 16th largest bank failing. That’s just a bunt single to start off with.
Kevin walks out that interview scorned knowing that the veteran Peter Schiff blew up his Pollyanish view about markets, Inflation and the real world.. 😂
I commend Kevin for opening up his mind to what an older, wiser investor thinks about inflation and current economic policy.
@scootyrooty5590 opening up his mind, what is that? That would entail his mind is closed and shrouded in biases and feeds it to his members! 😬
No pushback on Peter. Everything was “what would you say to people who say”. Peter takes the heat and continues to stand in the fire because he’s right.
He's never been right
Nah, he was right about the last recession and he knows this one too.
Peter's assessment of CPI & Cathie Wood is spot on. His proposal to slash Social Security and Medicare to attack govt. spending, when there is a million other wasteful corporate subsidies/empty fed buildings/govt. advertising/exorbitant military spending, etc., is f'n INSANE (so he's right, I would never get on board for that)! Still, I've always enjoyed hearing Schiff's perspective and even listen to his podcast from time-to-time, so I enjoyed this interview. Thank you!
Peter is a legend! No other person has expertly called 35 of the last 0 economic collapses.
😂
😂
😂😂😂😂😂 dawg
😂😂😂
Kevin Highlight this Cmon the sense of humor is there
Bravo to both of you. Im usually very critical of Kevin. But in today's world it commendable to see the both of you sit down and have a conversation. Peter the goat and Kevin a brain full of mush. We hope is absorbing the common sense way to look at economics. Great job Kevin. I still wouldn't vote for ya.
We appreciate you making this video!
Great job, Kevin. I loved this interview
The Thermal undershirts I have bought for years used to be made from 100% cotton. Now they are made with cheaper polyester. This change in quality was not captured in the CPI weightings.
My thermal shirts lost their quality but increased in price, but because of the change in quality, the price change is not fully reflected in the CPI index. This is dishonest and does not measure the true effect of purchasing power loss.
Peter is a truth teller
Thank you, Kevin. Peter is a true legend.
To sum up this whole video in just four words.. We are all screwed.
Good job Kevin. I’m sure he reaffirmed what you were already thinking. This was super informative for me.
We need more convos like this bro, theres so many who dont know how the nuts and bolts of the government works. U hatta bring Robert Breedlove in too.
"Women, they run through that toilet paper." True words of wisdom 😄
Great interview Kevin. Thanks!
Peter worth $70 million. 30+ years market experience. Mutual Fund company. Gold company, etc. Pays no taxes in Puerto Rico. No private jet.
Kevin worth $20 million. 5 years market experiment. ETF named after genitals. Real Estate company. Lives in California paying the highest possible taxes in the US. Has a private jet.
Something doesn’t make sense here.
Good interview. Thanks Peter. Thanks Kevin.
Awesome interview! Peters one the most hated because he speaks the truth. Thank you for the interview Kevin.
A great conversation! Thank you for the insight!
I’ve been following Peter online since the occupy Wall Street movement days.
We're having another huge storm out here in California. I suppose Mother Nature assessed the situation and decided to flush everything down the toilet and start over.
15 minute mark, Kevin tries to justify increasing his programs pricing over time and Peter pimp slaps him 🙃
(Awesome interview, though!)
I don't believe its Peters house, everything should be gold plated.
We don't see his floors lol
Excellent interview Kevin! Congrats
Excellent! All of Peter's books are great. Now interview Marc Faber.
Shrinkflation also and issue as well as lower quality produce. I.e. same cost, less content in items such as packet of chips
Peter is so cynical I’m literally impressed and could never compete with him
Great video, a Kevin reaction video to some of Peters comments would be awesome too 👌🏻
Trust me this is MeetKevin. He will not miss the opportunity to monetize by commenting. 😄 That's why you heard him bite his lips "Hum" so much. 😅
Peter is like 'FINALLY'!
The elimination of price controls was one of the many puzzle pieces that drove inflation. OPEC. Off the gold standard. Increased spending on social programs. Increased military spending. A lot of factors all at the same time.
Kev great interviews humble and neutral very respectful well done
How did I miss this episode! ❤❤❤❤
What he says about the inflation is true the problem is that it will keep happening so it won't change a thing
Well Corn Pop & company - doing their pay back to the climate change companies that paid for the election of these goobers, passed the so called ‘Inflation Reduction Act’ & printed trillions more dollars to fund it. You voted for this b.s.💩, Folks!💸
@@davisholman8149 i'm not in the us so o didnt vote for anyone, although they are all the same, republican or democrats they all do whats best for them not for the country
Great interview...respect both your opinions. I know you're being respectful to peter but i think the audience could benefit from more debate between you too.
To debate, you must disagree.
Hey Kevin! Amazing content as usual!
BUT... you need to fix poor audio quality outside the studio.
✌
I think the ceilings being too high and the living room too vast has something to do with that.
I’m hearing impaired and had zero issues..loud and clear to me 🤷♂️
He is making more and more content on the go. Poor audio quality must be fixed as soon as possible to keep the production value in the same level as the studio content. Maybe not important to you, but it is VERY important for retention and perceived quality on RUclips! Audio is actually more important than video quality in most cases.
Thank you Kevin for exposing your followers to Peter Schiff. Peter Schiff and his school of thought comes from the Mises Institute and the Austrian School of Economics which teaches the purest form of free market economics and how government interventions negatively impact the economy. I've read a ton of books by men associated with the Mises Institute like Ron Paul, Robert Murphy, Tom Woods, Irwin Schiff (Peters father), Henry Hazlitt, Murray Rothbard, and Ludwig Von Mises, etc so its awesome to see these great men exposed to the 30 and 20 year old crowds.
This explains why my cats are looking at the food with suspicious eyes 👀
Thank you kevin always bringing more value 👌🏽 unlike the cereal box.
Phenomenal interview thanks
I only listen to peter schiff only person that brings nothing but logic not wacky opinions straight facts
Ah yes, Peter Schiff. Saw him first in 2012 on Alex Jones show where he argued for buying gold while the other guy on the same show argued for buying bitcoin (which seemed complicated). As i'm not a millionaire you can only guess what my decision was. Not a great fan of his or Cathy but talking to everyone and listening different opinions is the key.
They were both right 😂. My take, gold is the enemy of the dollar, btc is an alternative to the dollar. Gold wins in the long run. Btc already showed us it is not a safe haven asset.
We actually do have the resources to pay the debt. Stop giving away oil, etc to the oil companies. Right now the US gov basically gives it away.
I am using 2 new credit cards to stockpile cat food, litter, toilet paper, dish soap and then pay them down
But I am also paying off all other debt and will be debt free by the end of 2023.
I am spending NOTHING on my other 11 accounts.
Four of my old credit cards will be paid off by July.
Not every buisness is trying to lower their prices to increase their volume. They are trying to maximize profit they want their production cost to go down to increase profit based on sales. Nobody wants more work for less money.
Excellent interview!
20% to 25% of the US Dollars are outside the USA in a non US Bank - once Digital currency all those US Dollars will become ZERO $$$
he's right.
Good information Thankyou Kevin
😱 the last time Peter talked to Kevin, Kevin quit the Internet 😂
A1 interview😉
puerto rico, no taxes and not vote? sounds like a win-win-win-win-win all day.... who needs to vote here anyway... plus living in puerto rico and on top of that no taxes. a great and rare deal indeed ! good for you Mr. Schiff.
Excellent explanation of 10 year T bill buyes being greater fools due to having less than 30% interest rate.
Man. Youre such a goober. But you always get some 🔥🏴☠️🔥🏴☠️🔥 guests
This time even golds are useless to fight for survival military might and holder of large stocks of foods are the new game changers
How’s gold doing these day?
It is like they are using quantum mechanics to explain inflation, Schrodinger's inflation. This is like a horror movie on steroids.
Nice Bluesy Peter has on
"The Meet Kevin Show"
This suddenly became very formal lol
Peter Schiff is spitting FACTS. 🔴🔴🔴
😮 masterclass!
Great video 😊
25:00 debt ceiling being raised so US doesn't have to pay...never made the connection that if the debt was being paid down no need to raise the ceiling... simple financial mechanics right there duh!
when the manufacturing jobs went to mexico, asia, and india.......that was the beginning of the end
So if corporations make and spend multiple times more than people, why are we trying to curb people’s consumption? Like what are they supposed to do? Lose their homes and go hungry? In this situation, wouldn’t curbing corporate spending be more useful in Fighting inflation? Or is inflation only worth fighting if someone else’s family pays the price besides our pocket books and our families?
If waste is the issue, and the goal is reduced consumption and decreased production, you'd think planned obsolescence would be outlawed right?? But NO. 🤔
Lol kev was saying cathys opinions, but really theyre his too. Poor kev. Its okay dude tsla will still be profitable in the long run. Elons end to his masterplan is to join tesla, boring, spacex , and twitter to form a mega tech company and make his own city
Tell Peter the basket of goods and services keeps changing on CPI is because consumers choices change over time. Should we still track price changes on VCRs or cameras?
Great interview - be interested in Kevin’s response to what Peter says about Bitcoin .. he has a point 😮.. and I own Btc
Happy to see other comments that depict my exact feelings on this interview. Thanks for you viewpoint but I’m looking for opportunities in this market.
Awesome!
29:15 another jewel of financial mechanics... inflation as tax hmph
so cool Kevin, you are so popular!
I love your work Peter ❤
The gist is government intervention kicks the can down the road while simultaneously making the resolutions worse down the road.
Just listened for 15 minutes and all the contradictions are giving me a headache.
Let's get it 1st
Ask some good questions Kev
Excellent insights! He has a bigger understanding that most of people out there
No price caps. Ridiculous… Except on insulin
We all don’t know what really coming 😮
This is why #Bitcoin & Gold to the 🌕 baby 💪🏼
Appreciate the content!! Thanks
Well Kevin, did you hear what you'd like from him regarding RE. He does make some strong points, but ask why he's consider a more fringe element in wall street game. And, ah what the heck, nice to hear from a "foreigner."
Kevin's talking to Schiff now!!!
Peter Schiff is the Milton Friedman of our time
I think this guy is very accurate but I think this definitely has to do with covid. However it probably does have partially to do with 2009 and beyond
He economy died when COVID happened
If we did the digital gold that he was talking about. Then we would have to trust whoever is holding the gold. I don't like that idea.
What about him shilling FTX??
"when the Bitcoin bubble pops" righty'o...
great content
Awesome 👌
Didn’t Kevin promote FTX crypto along with Brady and the kardashian girl? Lol you got a pumper right in front of you Schiff!
Yep
Nice guy, smart guy. But his EXTREMELY strong biases, views and stubbornness are a huge impediment. No investor should have such adamant views. He is partly blind.
I’d rather have Bitcoin over a crypto backed by gold. I prefer the algorithm over gold.