Jobs Report Not so Rosy
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- Опубликовано: 28 сен 2024
- Peter Schiff discusses #Biden #economy and #inflation on NTD 12/8/2023
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Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around $300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
Real estate and stock investments may be good decisions, especially if you have a solid trading strategy that can see you through prosperous days.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Stacie’s profile appears to be fairly knowledgeable, therefore I must say that I value the advice. After locating her online, I thoroughly read through her resume, educational background, and qualifications, and I must say that they were quite impressive. We have set up a meeting after she replied to my message.
My three favorite channels: Peter Schiff, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Add Peter St Onge to that. The guy has great puns.
Promoting the other 2 on this channel?
Hey Peter! Can you tell us your opinion about Javier Milei, the new Argentine president? Will he make Argentina great again?
Go Peter! 🙌
Damn, Peter. If I had listened to you then I would've sold some stocks too early. Where's the market crash!?
Peter what happened to Epic Economist? I was a daily watcher
Peter my main man
Genius
Economy is great as long as you don’t look at it ! 😂
Nothing to be happy about in this administration.
buy silver,copper,gold all precious metal and land with fresh water.
From 2024 on, 35 years of pure misery. You can write it down. Peace.
Wayyyyy more than that lol
This wont be fixed without some monstrous world event. WW2 is the only thing that snapped the US out of the great depression and restored marriage/birth rates to 'normal' (at least for 15~ years)
Urghh fck usa is going the route of argentinia and the world follows 🤢🤮 meanwhile argentinia is going the opposite direction again, i might consider going there, if they want me that is. 😅
Right on Peter
Middle School Economics: the best thing going on in the Economy is refining metal and ore. The worst thing is handing out welfare. These are extremes, but in-between close to the former, there's a sweet spot.
She said gold went back down to normal????🤔🤔🤔 I thought normal gold price was $20 bucks an Oz??? 🤔🤔🤔
She is in the media, this means she knows nothing about the economy or especially about the PM's.
@edwardschindler1369 ahhhhh makes sense!!
If you subtract the striking workes and government workers, the number is 87,000. That will most likely be revised down next month. The striking workers and government workers are guaranteed, correct numbers, so any revision will be subtracted from that 87k.
This is BS gold and gold stocks just sunk Monday morning, thats it the gold rally is over, we all missed it
Exactly. Gold going down down
Birocracy is soaring. One of first signs of failed country
100th!!!!
These jobs are not even good jobs 😂😂
oct 31,2024 will when us dollar start collapsing .
GOLD AND SILVER RECORDS BABY 👀
😅
If anything indicated our economies dysfunctionality, it was the shear magnitude of the stock buybacks over the years fueled by cheap fed money. Must be a lack of vision at the top as this money should have gone to infrastructure and capital procurement to increase productivity and the creation of new markets.
Suoprt convention of states.
We need we the peoples government oversite. Government officials needs quarterly performance reviews to add acountibility. Bugeting should be voted in not just spent in DC.
End unconstitutional fed and return gold standard repriced to zero government debt to zero.
short bitcoin
Which is it inflation or recession?
Keep up the good work, and yes, please do more deep dive into crypto/stocks. I still make over $22,000 every single week come rain or shine on the economy.
@Rodney_ChappleWow!! Kind of in shock, you mentioned Mrs Camille. She has proved beyond all doubt that it's worth generating wealth from crypto investment. I've been earning greatly
I'm also a new subscriber of Mrs Camille Anne Hector coaching program and I'm so excited took a positive turn by earning over $10k biweekly
No doubts! The strategies and Al auto trading tools she provides for beginners are very helpful, being part of her vip signal channel has really helped me as a stock holder
I've really heard a lot about Mrs Camille Anne Hector! How do i connect with her?
@Rodney_ChappleIs her service available outside of the US? As her broker is registered in the US.
I have 3 jobs
Wife has 2 jobs
Son has 2 jobs
8 between 3 people??
John 14:6❤
Are you counted out of work when you are on strike?
The dollar shooting up today,Nasdaq reaching all time highs,Gold crashing today,The only winner is peter Schiff keeps the title of the worst tipster of all time.I have a long list and Peter is no1 worst tipster of all time.he really needs to find a new job.
Crude oil price crashing too to add to Peter's massive portfolio of losers.
Peter Schiff missed the huge crypto rally LoL you should bought Bitcoin see the light already gold is a thing of the past a gold rally is 5 percent gains LoL
You don't stand a chance, the suits own it now
The jobs report??
Ya, Unicorn jobs
Is it me or does she loook like ai
I remember saying btc will go back to 50k and you said BTC will never get back there. It's now only 6k away so well see Peter. I trimmed my position - but i'm holding some. GLD I was not so bullish on, so I didn't buy that yet. I think that sees $1800 again.
Those buying in now will be the next bag holders. Pump and dump, that's the story of cryptos.
so what - i sold enough to be free rolling - I tripled my money and still have some coins incase it goes higher. @@walden6272
We’re gonna get depression! But I’m not sure how old Peter Schiff, Mike Maloney… are gonna be. They for sure know what they’re talking about but I’m my 30’s. I have time 😄 on the other site I feel really bad for them 😅
She looks like a texture
I don't get one thing. Everybody is always "Gold goes up because US economy is burning, debt is skyrocketing ..." But no one sees further than to US borders. What about India which holds same ammount of gold among citizens as US and where holding gold as a households' reserve is more popular than everywhere else. And they buy and buy. And what about rest of the world, citizens, speculators, other central banks? So when analysts look at it with this US centrict view, they see only part of the big picture. IMHO it is inacurate to say "gold broke the record because US debt went up trillion in one quarter of the year." It is true US is hegemon and affects whole world, but there are other factors.
5 year treasury bond price down to 4.24%. That is down from high of 4.94% in October. Inflation is down. Now interest rates are coming down. Peter should tell the viewers all the significant facts.
Well yeah because interest rates follow bond yields. But the 2yr and 10yr is getting even further inverted which is a century of history screaming deflationary recession
If the jobs report is bad that is good for the market since the Fed will cut the rates sooner, but if the jobs report is good it is also good for the market since the economy is doing good. /sarcasm. Can anyone say complacency?
We are always "on the brink of collapse" and year after year it's business as usual.
Have you been outside lately, look around and tell me it's business as usual
@@murryfaquar7873 where I live it's business as usual. The dollar is doing well. Check the dxy chart. The fed will just continue to print away any problems we run into like they've always done.
Republican channels won't have Peter on to talk about the economy when the reds have the white house. He better hope Biden wins.
He looks like he dropped $100k on the gold sell off
Gold going to $0 it’s guaranteed
🤣
@@patrickpellerin5144Gotta love the trolls. Lol.
More like blockchain of nothing going to $0.
He says inflation will increase but gives no evidence. The rate has been steadily going down the last 18 months.
Wait till oil goes back up to normal levels and dollar drops, straight back up past 9%
@@murryfaquar7873 Engineers continue to find new sources of energy. Latest are huge deposits of hydrogen gas miles beneath surface of Earth. Burns without creating CO2.
@@Steve-Richter load of good that's going to do for inflation, come back in 15 years
Alchemy of Narrative! / Just lie in unison ab a “strong economy,” or any other lie and turn it into “truth.” That’s their story and they’re sticking to it! Only conspiracy theorists say otherwise.
One of the most deluded and wrong guys out there. A meme.
You're a meme
@niklasgamma6380 A boy that cried wolf. Basically another clown.
Please show us your expert RUclips channel
@joeysocks5718 it's not available just to everyone and certainly not to gullible plebs
click bait
Great thoughts! The year is almost over and very glad about the decisions I have made so far. Investing in the market earlier this year regardless of the market conditions has saved my life. I made over 70k USD with a start of 25k in the last 7 months. I know it's nothing compared to what others make but I'm glad I'm changing my finances. If things keep going well I might retire soon>.
You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during this bear market. This year alone, I have scaled from 180k to over 354k.
How were you able to make that much?
Seems like I'm not lucky enough.
I diversify my portfolio into real estate crowdfunding, stocks, and cryptomarket. Although I'm able to achieve this with the guidance of *Tracy Britt Cool Finance*
I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.
Oh! I found (TRACY BRITT COOL FINANCE) on the CBNC market interview, looked her up and we began our awesome partnership. Her services are exceptional.
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are headed for inflation,it is always the poor who take the hit
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)
That's right because It's no longer a story that the world is experiencing a global economic downturn, I'm so happy that I've been receiving $64,000 from my $15,000 investment.
So much pain in my heart due to so many debts. How can I go about it!! would really appreciate it if you show me how to go about it. Please what crypto should I buy, how can I do it?
@@CalderonStemperAs a newbie you'll need to invest in a company that is working towards sustainability, like that of expert Tara Elizabeth, and her abilities in handling investments are top notch
After I got upto 900k trading with Tara Elizabeth, I bought a new House and I'm now able to send my kids to a better school in the states When someone is straight forward with what he or she is doing people will always speak up for them.
The jobs report is heavily manipulated.
Yup
Lying in the face!
It has to be, because a lot of huge stores have closed 50+ locations, like walmart and best buy, among others. No way unemployment didn't spike in recent months.
@@someone-ji2zb Absolutely
So true, all these government reports are half propaganda.
Of course inflation will go back to 2%. It's just a matter of cooking the books until it does.
Do you know anyone who doesn't have a job that needs one?
@@letitrip5139 All that can change in the drop of a dime you fool. Do you know any company that lays off employees by the 10s or the 1000s? How long did it take unemployment to go from 5% to 20% in the last GFC?
HAHAHAAHAH!!!!! 😂
@@letitrip5139 I think all you have to do is walk around any city or large town in this country and see the amount of homeless people right now and you may be able to answer your own question
Unfortunately a lot of Americans are going to have a very tough time due to spending on perpetual war. Imagine those trillions into infrastructure and industry... true value generating GDP.
Since we include Government spending into GDP, they will spend trillions on wars. To make our numbers looks good.
That would put money in our pockets instead of a handful of murderlords and corporations so it will never happen
A lot of bank layoffs coming up or in effect now
Jobs report is a distraction from stuff like trade deficit. Grocery prices. Rent prices. Banks collapsing there is a lot more problems. Plus how can stikers going back to work job creation.
Peter schiff is a smart man.. I learn allot from him more than my teachers from secondary school on economy
I agree. Much smarter than 90% economists out there.
He'd be a terrific professor
Your English is trash
It's not the quantity of jobs, but the quality of jobs that matter.
All high school pt jobs
Correct. Low paying jobs that don't even offer benefits should not be counted in the statistics.
Looked online and various industries entry level jobs....hourly/salary rate unchanged from pre-pandemic times w/ cost of living expenses up 30% or more since then.
how are the wallmart greeters with 3 jobs going to start buying loads of gold?
The jobs that are hiring are at wages very few can afford to take
I mean, it doesn't matter at this point. If a person has no job, they take anything to survive with family/roommates. Unfortunately, it is becoming very common to work at least two jobs right now. Full time and a part time for around 12~ hours a day, 6-7 days a week.
This is all nonsense. Who or what drove gold price down to where it came from after all the feel good announcements last week?
FJB
Central banks and other countries bought record amounts of GOLD last year. They are doing the same in 2024
"The US hasn't had a single good monthy jobs report since before I had grey hair" - Peter Schiif probably.
100% facts. I think we're already in a recession. Also, no one can buy homes, student debt crisis, and Undocumented Migrant situation will cause the next Back Swan to manifest. I'd say probably Oct. 15'ish of 2024.
You guys can't wait for the economy to crash. Hahahahaha. If things are so bad out there, how come people are still going on vacation and going to eat? People must be working.
Sorry but I'm gonna buy Bitcoin if you don't mind
He is wrong in his entire life. He said fed never raise interest rates. He said gold will go $5000 ten years back. Don’t follow Peter advice on market movement. He is bear and got roasted in last ten years.
do short the dollar short the vix futures and options
Santa Claus rally before fall in Jan 2024 to oct 2024
peter, its time for a trip to turkey to get the hair plugs or you need to start going with a buzz cut...
I hope I live to see my gold hit $5000
If $5000 occurs within this decade, then we would be officially in a depression.
He always says to buy gold lol
Fu
Peter is a broken record. He has been predicting a stock market crash for 10 years. Poor guy has a little hot dog and is very sad.
Market crash in March 2021. Dow drop over 10k in a matter of weeks.
Come on Mr. Schiff we know you've been watching what's going on today. We need long for your insight🙏
I just want to know how all those brothers can afford those hellcats and dodge demons.
Stimulus!!!!!!!!
30% interest. No down payment. And the repo man breathing down their neck.
I just got laid off. The company i worked for just closed its doors forever. It was a 100 year old company too.
Lucky you. Now you can collect unemployment benefits. Use that to enjoy a long paid vacation.
@@walden6272 Except unemployment is still a huge pay cut. It wont cover rent for most, that is for sure lol; just buys a little time to quickly find any kind of work IF you have savings to fall back on
Woah, what industry was it in?
Fake report
📉 The economy is not as strong as President Biden claims, and the jobs report may not be as positive as it seems.
00:39
The jobs report may be revised to show worse numbers next month.
A significant portion of the reported job gains were due to striking workers returning to work, which does not indicate true job creation.
📉 The speaker discusses the impact of government workers being paid by the private sector, the weak labor market, and the fluctuation in the price of gold.
01:25
Government workers being paid by the private sector leading to bigger deficits and inflation
Weak labor market and creation of part-time, low wage jobs
Fluctuation in the price of gold and its implications for the economy
💰 The speaker predicts a severe recession and financial crisis, with the banking system being insolvent and the national debt and interest costs skyrocketing.
02:41
Prediction of a worse financial crisis than 2008
Banking system insolvency and rising national debt
Skyrocketing interest costs on national debt
The Falun Gong's NTD and many other networks similar to it and under it are growing rapidly and have been for the last decade.
How are things good when people are struggling to buy food and they’re broke two days after they get paid
Always so eloquent. Legend of a man.
Lose your job then you'll see how great it is. 😳
Yea... job seeking sucks bad right now. Not even sure what to do at this point
Economy is toast! Why asking and talking about it?
Because the media and our government is making it sound like we are doing great lol
Peter- Why have oil stocks dropped so much?
Recession = less demand. It will go up in January when Opec cuts production.
Everyone still puts a t in Schiff. Lol sigh
Fu
we are living in stagflationary depression were 1970 stagflation high prices and cost vs low wages also we are living 1929 depression the us dollar will collapse will become 75 percent market value 25 for 1 once of gold.
'It's gone down to normal' LoL does anyone know what the normal price of gold is or should be? 😂
A womans perspective. MUHAHAHHAHAHAHHAHA!!
In the 90s normal was $350. Wish I bought back then
not good
cpi in USA is 24% 1.96 times
Aaand gold going back sub 2000 lol
buy gold & silver every chance you can.....money in the bank is like an ice cube melting everyday
DOOM SCENARIIO!
From the people up North:
The digital tax was part of the Liberal election platform during the 2019 campaign, but the government delayed its implementation until 2024 in order to give more time to global efforts to establish a broader, multinational taxation plan. Yeah, every penny.
Biden 🙄🥴🤥. Cheers from Australia 🇦🇺
Michael Penko agrees with you, Peter.
yeah buying gold and in the process making you more moony too.
Peter, whats it like to be wrong over and over again?
What news station is this?
NTD [New Tang Dynasty] is a New York-based, global television network founded in 2001 by Chinese Americans who fled communism. They understood that independent media is crucial to a free society, so they created NTD to bring the world uncensored and truthful information.
It's not that things are getting more expensive, it's that the dollar is getting weaker... inflating the currency supply creates inflation. How simple is this people!?!?!?!?
Wow the World Gold Council shorting gold I see..more buying opportunities for everyone.
Gold price was $1,828.50 per ounce back on 01 Aug 2011. It closed this past Friday, 08 Dec 2023 at $2,020.80 per ounce. That is just under a 10.52% total price increase over a span of nearly 12 1/2 years later. Gold is definitely not a buy and hold long-term investment that should be heavily weighted in a portfolio.
That is because you selectively chose to start from the peak of 2011. From the year 2000 or 1971 gold outperformed the S&P500.
The last 20 years of debt monetization and exploded national debt deficits from 4T to 33T showing a tell gold has exploded from 300 oz to 2000 / oz. There is nothing to see but a 600 percent increase in gold. 😂
@@bbustin1747 Yeah right, that is likely what many people claimed back in 2011 that gold was on the move up and was going to continue to rise by triple digits. Didn't work out that way.
OK. Means nothing. We just saw gold hit a record high, and you are blathering about the price in 2011 being too close to the price today. Cherry picking using a 10 year window doesn't really make your case: I can cherry pick several stocks, real estate, crypto and paint a similar picture.
@@Ziegfried82 Nope, you wouldn't be able to do that with the S&P500 index for 10 years and longer to now. Screw crypto and real estate unless you are an expert and many of them have screwed up badly on that including people that follow their advice.