Peter Schiff and Steve Hanke Debate Inflation, Debt Crisis, Dedollarisation
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- Опубликовано: 13 май 2024
- Peter Schiff and Steve Hanke debate inflation, debt crisis, dedollarisation on The David Lin Report. @TheDavidLinReport Recorded 5/7/2024
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#inflation #debt #dedollarization
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
She goes by ‘’Marisa Michelle Litwinsky’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k
Choose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter. Pulled in more than $46k in the last two months alone.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Hi Peter, I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "MICHELE KATHERINE SINGH" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
I totally agree, it's been three years and counting, and I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. As a small reward for my consistency, I went on a trip to the Bahamas in the late summer.
This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I just checked her out and I have sent her an email. I hope she gets back to me soon
This dude has been in academia since 1966. He's been advising governments all over the world for about as long. He's been instrumental in the squander of the greatest treasure the world has ever seen as well as the largest debt accumulation. Unsurprisingly, I can't find a single example of his work in the private sector. If you believe the books are cooked, meet the chef.
In essence he's the problem...
@@sorrycharlie4127 You may overlook the US Dependence on imported resources?
Avoiding the fact that the US has exported production and the Domestic Sources of minerals and forest products.
Ignoring that BRICS Wall, will not make it go away.
@@danielhutchinson6604 I kinda thought that that was their point.
@@seangallagher8233 They avoid the idea of Commodity shortage and supplies like the topic is a Plague.
The Government does not like to mention the idea either.
Economic War is Hell.
Excellent points. But, I'm sure he knows Peter is right, but his paycheck depends on whatever he does. Just like Alan Greenspan. When we worked at the FED, he had to play by their book.
Steve Hanke comes across like a stuffy academic from outer space. Peter Schiff speaks REALITY AND HE KNOWS TRUTH THAT INFLATION IS GROWING
He speaks like a true authoritarian.
@@xyzoub A tight assed authoritarian!
Peter seemed like he doesn’t understand a lot about economics and the economy and how it works if you ask me.
@@millerab78 lol.. Just because you don't understand, doesn't mean he doesn't. He spoke very clear about what his arguments were.. The main thing they disagreed on was just the timing.. Hanke even said there's a long lag before the inflation hits.. We added all this money supply because of covid.. and now we get hit with that inflation wave a couple years later. They were just arguing on how much longer it will last and when will the FED turn around and cut rates again, etc.. Peter thinks it's soon... Hanke wanted to act like "I'm not in the crystal ball business".. Yet when he laid out everything about the 5 pillars, he clearly painted a projection that basically agreed with Peter. They are backed into a corner- we're getting more of the same: which means more inflation.. and ultimately the Fed will do another QE run.. which is more money printing... Which will be even harsher inflation following. There is no stopping this train
@@millerab78are you talking about the fictional economy that's driven by printing money or are you talking about understanding basic economics? I'm pretty sure he understands both
You won this Peter. Hands down
For sure,. Biden's brother here, another useless professor. Out of touch with the business world and how inflation is destroying this country.
If i was peter i would say that the saved the day and printed 4 years ago and now the 16 year long run is coming to an end and were going to crater and get not all but half deflation and historic pain coming for several years but no he is saying they will continue the musical chairs.. I think its finally ending 4 years after a pandemic not seen in 100 years it makes a great finale.
@@brianoleson5785 The Spending began in the early 1990's
When the Soviet Union went Broke,
the rush to acquire their Assets was on.
The dust from the Stampede of Buyers headed for Moscow,
did not settle for 5 years.
The understanding that Russians do not sell a Majority Status to Outsiders,
began the effort to turn the Balkans and Baltics into NATO Thugs.
The Bribes and building Airfields bit the economy in the Assets.
But Victoria Nuland got her war.
I saw the Inflation grow as Commodities from former Colonies,
began to slow in 2015 after the New Development Bank
announced their new loan program.
The "Supply Chain" began to rust up.
As Nations were sold on the Idea of forming a Trade Union,
to use collective bargaining to embellish profits,
The cost to all the G-7 Nations saw some increase.
The BRICS and their 40+ Trading Associates,
seem to own around 70% of available resources on the Planet.
The G-7 Guys appear to be left to divide up
around 20%.
That indicates a lack of profits,
low support for the Currency,
and desires to steal some BRICS from that Wall.
But among all the other Conspiracies,
was Covid engineered by US Spooks to distract from
the Economy?
@@brianoleson5785 What if we consider the Pandemic a distraction that the Spooks created with a small sample from Rocky Mountain Labs?
The Inflation was beginning to appear in 2015 after the announcement of the New Development Bank loan program a year earlier.
The increasing cost of resources imported to the US Commodity Brokers was increasing after that year.
By 2019 the BRICS Group seemed to have attracted a pretty impressive group of Associates.
The current wealth of resources indicates around 70% of available Minerals and Energy,
is inside the Associated Nations who enjoy the benefits of trade with their Peers.
Economists and Politicians do not appear to acknowledge the existence of BRICS,
in spite of the fact that they have created a Trade Union,
from the Nations the USA used to exploit.
They seem to appear to ignore it,
and hope it goes away?
The Average Citizen lost as the conversation avoided any mention of the BRICS Wall,
that the US Economy is about to Crash into.....
Hanke is a prime example of..... “Those who can, do; those who can’t, teach.”
- George Bernard Shaw
The adult movie business has a variation of that; I wondered where they got it from.
It concerns those who ACT/DIRECT. Those who can f***, do,
Spot on.
@@DexterHavenokayyyyyyyyy?
@@DexterHavenWho cares about that trash!
Agreed and he’s being paid to say what he is supposed to in an effort to thwart special interest group microscopes
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Mind if I ask you to recommend this particular coach you using their service?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Peter has world experience and Hanke is textbook knowledge ..
That's what universities do their professors .
Okay, this comment proves you're ignorant. Professor Hanke is the definition of a "real world" economist, actually look at his resume before you speak.
With one would you choose to make open heart surgery :)
@@Lexman00 He lives not in the real world but in s library
@@Lexman00look at the resume! 😂😂😂 aaah too funny!!!!!! LOOK AT THE RESULTS, that’s what matters, not resumes…
Love Peters confidence in his common sense knowledge
Those who see the facts don't need to memorize the books by rote.
@@DexterHaven exactly! finances aren't as difficult as the ivy league assholes make it out to be. They're dinosaurs and their spin falls dead on the ears of the wise
High inflation is followed by uncertainty and panic, making me wonder if it's time to liquidate my $200k portfolio, or maybe consider some defensive investments. I've heard analysts emphasize on value stocks performing good, what stocks exactly can be the ultimate hedge?
consider diversifying your portfolio with a mix of stocks and stable assets, seeking professional advice could also be valuable to navigate market uncertainties and grow your investments amid inflation
True, expert guidance is vital for compounding and achieving proper asset allocation. At first hand experience, I've been able to grow my portfolio from $180k to approx. $650k in barely 3 years now. Financial fitness requires staying committed.
that’s some interesting numbers, mind revealing this person guding you ? he/she must be a seasoned advisor
vivian jean wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.
That's true. Changes in tax policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial advisors who understand these complexities and can help navigate them effectively.
the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
No doubt being financially free and not having to worry much about health care and other expenses cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Given the current economic difficulties that the country is experiencing, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Lauren Marie Ehlers is my consuItant, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
Thanks, I found her page immediately I researched, I read through her resume and seems pretty interesting, I just reached out to her
You can tell there was an air of snobbishness that Hanke had. It is not often that someone can challenge him, and Peter clearly outwitted him here; hence, Hanke's insecurity here and why he became so defensive.
Overlooking the thought that the two major Communist Nations are now in an economic position to dictate the demise of Capital as a measure of Value?
When they were only supposed to be some Backward Nations who could be exploited they were apparently selling the idea that the USA is not as powerful as some assume.
The BRICS Group of Nations along with the 40+ Nations who do have resources, seem to now be trading among themselves.
The G-7 Nations who have exploited their Colonial Empires,
to support their lifestyles,
now seem to be short on resources.
Most of the former colonies of the G-7,
now seem to be behind a BRICS Wall?
The cost of their resources is being negotiated by strength.
The BRICS Trade Union seems to be driving inflation,
as it has since 2014.
We might wonder if Covid was introduced to distract
from the economic facts?
I disagree. I think Hanke's points were much better.
I'm talking about what clinton cut!! Let's talk about Bill clinton!!
"The deficit still went up"
@@SleekMouse The Treasury Budget appeared to be positive.
It may not have been much,
but that Dot Com Bubble seemed to help a lot of Players.
I paid off a House then.
The economy began to tank after Victoria Nuland began delivering promises to Balkan Nations.
Her War on Russia began during the Clinton Administration.
Bush Jr appeared to Administer the downward Trend.
I disagree with you on so many points old timer there's not enough patience in my heart to argue thru text with you. Those 2 countries became more capitalistic than America by having fewer regulations. The end was ushered in by 50 years of congressmembers and every president
The professor needs to learn a few lessons, particularly regarding REAL LIFE.
He's been in a classroom too long. He doesn't even remember right about 2008.
He needs to learn the difference between Keynesian (socialism) policies and Austrian theory (capitalism).
This old fart doesn't want to accept that we have $35 trillion of debt, credit debt all time, high, car repos, housing repos, this dude is high.
@@fakename8856 He's an grouchy old fart, like Biden.
He speaks some alternative English and hears what he wants.
Funny, three or four years ago, our base bills was 3600/mo. Now it's more like 6000/mo.. What happened? Lol. Gas, Food, Insurances, Taxes, Household items etc. So, how do we invest for more income to cope with the high price?
Agreed, investing gives the opportunity for financial independence, but also the risk of losses, thus the use of a trusted advisor to de-risk portfolio, shore up core holdings, and take profits while reallocating assets. My spouse and I have made over 80% capital growth on our $500k account in less than a year now, credits to my CFP.
@@arlenehill4ril truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor... mind sharing info of this person guiding you please?
Karen Lynne Chess is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
curiously looked up ''Karen Lynne Chess'' on the web, no doubt she shows a great deal of expertise. I was able to schedule an appointment via her consulting page, thanks for putting this out
@@arlenehill4rilbot
The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.
And that would be a terrible situation that no one should root for.
It will happen if we stop QT and lower interest rates. we have printed more money than inflation so there is room for things to continue inflating. we need to reduce the money supply and the only way to do that is deflation.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and husband.
@jamesbuchanan210 Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice but it may be wise to invest, as cash isn't ideal in this period. I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of over $900k after subsequent investments.
This is quite huge ! much more info needed please, what did you invest in?
I'm not an economist, but even I can see that Hanke is full of horse excrement.
Mr hanky the Christmas poo
He tries to prove he's right by quoting some old dusty book by some crank; it reminds me of a priest addressing a real life dilemma about social media today by starting with, "Well, Liviticus is clear on that [reads book]."
You understand inflation when you know why milk and eggs cost more in the ghetto than they do I. Beverly Hills
I am an economist, as well as a horse excrement expert. You are 100% correct
@@eplugplay8409
LOL, Southpark FTW!
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Peter showed Mr. Hanke a level of respect and defference rarely given.
A solid conversation. Hanke had no problem pressing back either.
I agree with Peter though. Hanke comes at things from a very academic level not a street level.
You missed the most important thing: Hanke is slow, arrogant, rude, and too quick to declare someone right as "wrong".
Peter did more with a hammer and a screwdriver then Henke did with a truckload of tools.
@@horsewhisperer3708 They both seem to ignore the approaching BRICS Wall?
The Soft Landing that a return to the G-7 nations all getting their Empires back,
looks more like a crash into a BRICS Wall?
The domestic sources of minerals and Lumber are diminished by the search for profits, that have not entirely over developed the former Colonies that enabled the G-7 Colonial Empires.
As the USA began to depend on China to manufacture products,
the US ability to make things diminished.
But can the USA provide a Marshall Plan today?
I notice the US counting on European Consumers being exploited with overpriced LNG, as exploitation.
The G-7 Nations now appear to fight over the remaining 20% of resources available on this Planet,
While the BRICS Group trade among their Peers to support the needs of their Nations.
This is not Your Daddy's Stagflation.....
It’s funny how much Hanke and Schiff actually agrees with each other.
If you’re not in the financial market space right now, you are making a huge mistake, I understand that it could be due to ignorance, but if you want to make your money work for you prevent inflation
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Tracy Britt Cool. I am at $128k right now and LOVING that you have to bring this up here
Hello how do you make such ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker in the United States.
I have also been working with Tracy. Glad I came across good recommendations about her last year. Tracy has helped me manage my Investments for the past 10 months now and to be honest, it feels good to be working with a good oriented person like her.
I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.
Hanke is trying so hard to argue with Peter, but he knows he’s right…
they both think they are right, what's your point?
Professor Wanky did not convince me that the inflation rate will remain low or go lower in the short to mid term future.
Really? He'd like to read more from his book on 'stagflation' to quote you scripture if you have an hour before bedtime.
How do these people argue that it can?
The Fed literally states they have an inflation GOAL
Never had one of these clowns explain how to print money without inflation or why they have to keep changing how they calculate inflation.
I guess moving the goal posts is allowed if you are the ref making the rules.
Peter Schiff knows and speaks truth
No one would believe it if you told them that this kind of long form, actually educational debate was a common thing on mainstream television in the mid 20th Century.
That's right; I don't. I'm gen Z1
Yes the era of silos, algorithms doubling down on cognitive bias and cancel culture.
Yes; that's what I thought when I started watching: you just don't see conversations between to expert proponents of opposing ideologies, these days; especially not in the mainstream, and especially not about money matters!
Classic scientist vs. astronaut scenario!! Prof. Hanke lives in his data fantasy world...
Wait, he's reaching for his dusty old book on 'stagflation' right now for a comeback to that. Wait till he reads you some scripture. ;)
What.. You don't think we can cut government spending? Maybe abolish the ATF, CIA, DEA, TSA, NSA and IRS ?? It could happen
**The famed austrian Knob Gobbler said I win. Checkmate**
@@calholli duh, of course we can cut government spending in theory; he's talking about reality. Have you ever seen a group of politicians ready to cut spending or balance the budget? It's more like: promising to spend more to help some group or bail out some union or create a new government program where they can hire their friends and family.
@@jacobs4545 who?
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I appreciate this. Out of curiosity i searched her name online and reviewed her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I really appreciate the dedication in each video you post. Anyway, Long term investor's know that the market and economy will recover eventually, and investors should be positioned for such a rebound, I gained $180k from bitcoin in 2023, before the market crash and now I am buying again, adding more at a time. Having a good financial advisor like Ethan Jackson, will add to your success in the crypto market.
I'm shocked that you just mentioned and recommended Ethan Jackson. I thought I was the only one trading with him.
You trade with Ethan Jackson too? Wow that man has been a blessing to me and my family
Ethan Jackson gave me the autonomy I needed, to learn at my own pace and ask questions when I need to , he’s so accommodating.
I’m surprised that Ethan’s name is being mentioned here. I stumbled upon one of his clients testimony on CNBC news last week.
I'm new here and really want to know some important things about him, How do I reach him please?
Peter: I agree with you!
Hanke: No you don't!
Hanke forgets that economic growth causes prices to fall. An inflation rate of 0% is still inflation because growing economies cause prices to fall. Japan is extremely productive and Japanese people would all be incredibly rich if it wasn't for their central bank printing money for the last 40 years.
I’m Japanese the price of goods almost doubled in the last 3 years alone!!! This so called professor hanke he is living in his own world 😂😂😂
Exactly! As Thomas Sowell would famously ask. “Compared to what“?
The professor is delusional
Explain...
@@wilhelmforsberg5267 He was trying to argue that "we don't actually know" if the government will cut spending.. or raise taxes.. or just keep printing money. But it's very clear what the answer is.. and he came around to basically laying it out when he talked about the 5 pillars
14:51 The eye roll from Hanke shows he believes anything the goverment is propragating and has the peoples " best intrest at heart"
Hanke taken to the cleaners. Scary such people are driving or influencing policy.
Professor really wanted to debate even if they agreed on the issue. Lol
Must be an American woman in a mask
Theoretical people are like that
The public has been concerned about poor economic conditions,, Our government has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration.I feel for people with disabilities for not getting the help they deserve! I appreciate Laura Ferguson!...imagine l invested $1,200 and received $5,500 in 4days.
I always wanted to trade for a long time but the volatility price has been confusing.
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..
No doubt!! I never knew Laura Ferguson had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
That woman totally changed my life for good. I have come across individuals but non is as honest as she is. So surprise you know her too.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I think Peter won this debate.
Schiff dominated. Professor had a difficult time accepting the fact that Schiff had a better command of what inflation is and where we are going.
It's the realization he wasted 70 years in academia..."sunk cost fallacy", can't handle the truth...😆
@@EroticOnion23 As the debunker James Randi said of university scientists: they don't use their brains because they are too busy trying house their educations.
He's really going to be creamed when CPI drops tomorrow.
You really believe government metrics?
He's a keynesian.
This professor has a superiority complex.
The academic bubble is real.
Can't stand these self important academics.
Awesome video. Thank you Peter for being a part of this important discussion.
As usual, I think Peter has the correct read on this so we have to expect the worst and plan for it.
The professor works for the GOVERNMENT!! HE WANTS TO AID HIS BOSS!!!!INFLATION IS VERY HIGH. NOT AS THE GOVERNMENT IMPLIES!
Words out of my mouth 😊
He’s part of the problem
“That doesn’t cause inflation, that is inflation”
"I'm not in the crystal ball business.....!"
Every financial analist/economist is in the crystal ball business.......! What a dumb statement....!
Peter is the one who makes sense here....!
The professor isnt in reality
Root of the problem: printing money to give to Ukraine and Israel, ignoring all those internal issues.
Thanks to David Lin for making this debate possible. I think it would really help at times if he could sum up the differing views of the debaters: it's sometimes confusing what each one is defending and the differences between them. Thanks
"Im a good student" - Peter Schiff 😂
Hanke: *Guys, I have no idea about any of this, but I will explain you in detail how this works*
Peter 1 Professor 0. Winner Peter 🏆
Hanke doesn't seem to listen to the conversation and just repeats what he's been saying forever, whether it agrees or disagrees with the conversation. Very odd, and this is why these old Boomers have got to go
Hey Punk,
Us old farts remember when they substituted Fiat Currency for Gold Standard Currency.
We had a Nation with an economic ability to assist Europe after we blew that place up.
Now 20 years after invading Iraq,
China has built the first new Power Generating Facility in that Nation.
Russia has rebuilt an impressive portion of Mariupol.
While US Infrastructure is falling apart.
The US Empire appears to have lost the Colonies.
You Punks will just have to adjust......
Every time I listen to a college professor, I remind myself why I dropped out of college
Peter absolutely dominated this clown
This guy is an economic academic? How much those blokes get paid? Brushing up my resume'!
i mean look at Bidens economic advisor that position may be open soon lol
Proffessor says "He's not in the Crystal Ball Bussiness" lol
Isn't that exactly what "Economist" are supposed to be/do isn't it them we turn to for advice on what best to do next what a Joke
Pete can predict the future he gets things right
This other guy is just being difficult
Great to hear an adult conversation with regards to economics. Both are knowledgeable but I felt Peter was very respectful and diplomatic and Hanke less so. He told Peter he was wrong quite a few times but I seldom find Schiff wrong because he most times explains a position he holds and its never unreasonable. The one number one rule of economics whether a government or an individual- If you never spend more than you earn you won't get into financial difficulty. The US national debt which is their government bond liability has become like a runaway freight train. It has now gathered so much energy and momentum it's going to be hard to stop without a wreck. Thankyou both for your expertise, very good viewing. Scott Australia
He agrees with Peter for the most part.
Nice Book Shelf
Don't forget to hit the gym bro
We've had asset inflation since 09....aka bubble because of QE 1,2,3
You mean Rocky movies 1, 2, 3, 4... ;)
Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in the current market.
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Inflation has never gone down
It went down once. When that TV chick Jenny Jones got her boob job reversed.
I actually use to respect and truly believe that Steve Hanke was extremely knowledgeable IRT to fiscal and monetary policy. This debate and his lack of knowledge is now quite clear to me. Great job, as always Peter!
Peter Schiff you are the new professor you speak the theory of what it really is
Oh yeah! Hanke would like reread his book aloud to you if you have the time.
How come i understand Pete but not the Pro Fessor ? Like What u say ?
Because the "professor" is taking gibberish and makes no sense
"Thank You Peter!"
Henke is a very nice guy. Peter is just much sharper and has the advantage of taking the side of the reality, not the academic truth.
Peter Schiff handled Steve Hanke very professionally. Peter has learned, from years of social media scrutiny, how to pull back the reigns when necessary to get his point across. Overspending by our government has definitely been out of hand for years and the pandemic only exasperated the amounts. This overspending is causing the value of our dollar to decrease, and inflation is the result. Street Smart (Schiff) vs. Book Smart (Hanke). Government has gotten too much control and absolute power corrupts absolutely. No doubt our government has become incompetently tyrannical. We have to cut spending and cut the fat out of our government employment hiring system (Via recent Argentina) and turn it back over to the private sector. I hope I can outlive the total debacle ahead of us!
I heard it said once that the best way to destroy a good economist is to give him a formal education.
Dude!! No way!! This guy could talk in circles likes it's nobody's business!!. Peter's facial expressions were killing me lol!!
Yeah, I thought the prof was going to mention the Pythagorean Theorem, black holes, and 'pi' there at some point.
@@DexterHaven lol. I'm glad I'm not the only one lol.
We are in a recession.......i'm in the tourism industry and my hotel is way down. People spending their money on food and fuel, not travel.
I heard in the news many people booked there ticket for cruise ships for this summer.
Peter is the Professor and the BOSS here :-) Steve Hanke is just a beginner student :-) Greetings from Sweden!
Yeah I know your right Peter, but there's really nothing the average person can do about it (aside from gold purchases) so what's the point of being the watchman when nobody is listening?
From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Please educate me, i'm willing to make consultations to improve my situation,
Devion Jane strategy has normalized winning trades for me and it’s a huge milestone for me looking back to how it all started..
She's recognized as 'Mrs Devion. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Devion Jane??
Please how do I find this financial counselor?
Pleasure to listen to you both. We need more constructive debates like this
Wow, what a fantastic conversation. This was great to listen to. Thx Peter!
Love both of u but difficult listening to Hanke..uh uh uh uh....he is an intelligent guy but needs to improve his speaking. Peter, great info as usual 👍
Hanke will be playing shuffleboard with Biden next year at the home.
Very good and insightful discussion
Professor Hanke sounds like Mr. Hankey from South Park. I must say that Peter won this debate handily
BTW - raising your taxes is already a bill. They were never going to tell you that.
More like a 'fine' than a bill, I'd say. To punish success.
😂😂
Common sense meets academic jargon, Peter wins again!!
They're 80% in agreement.
Peter Schiff is a genius don't even try to debate him
Great talk, learned from both sides. Happy that this high level dialogue took place👍👍
Still wishing Peter was elected into government.
Because of who we allow to vote a guy like Schiff could never get elected. We need to restrict voting privileges.
Or just have a senator allow Peter his time to grill Powell next time he goes to Congress. No time limit. Peter's opening statement would be crushing.
That’s not the solution.. Jared Bernstein another delusional idiot
Keynesian economic theory is socialist.
The remedy for socialism is free market Capitalism which is Austrian economic policy.
Socialism is unsustainable and these Keynesian polices need to be replaced with solid money economics.
100%
We are about to find out how Socialist our Govts are starting with UBI this decade
@@tonybarnes1013 UBI can’t work: tax payers would have to pay taxes to pay the UBI to the people. That’s not how life works.
Neither socialism or capitalism work because they end up being the same thing. Robbing the many to the advantage of the few. You need a stable state including taxation and a healthy private sector working in cohesion.
You lovely Capitalists do appear to overlook the fact that the Commies exploit resources to support the People they serve.
Capitalism exploits resources until they no longer deliver profits.
One system seems to devote policy to profits,
the other seems to have a policy that serves the Citizens.
One example is the uSA who now have Natural Gas that they seem to be unable to sell.
The Russians were selling Cheap Gas to Europe.
We may need to inspect the business activities of the first Billionaire?
JD Rockefeller was censured for driving competing Companies out of Business,
to enable His profits.
The same techniques are applied to Russia to exchange their 40% of Euiropean Gas business,
with the US Providers now assuming that amount of business after removing them as a provider.
The ethics as well as the effects of that action will be the end of the American Empire.
@@tonybarnes1013 America has been socialist (where the Government makes up more than 1/3 of all commerce) since 2008. Socialism is what ruined America financial.
Great conversation. Really enjoyed this format.
the two best guest speakers to have on your show!!! wow!!
"I'm not in the Crystal ball business"
Translation: "I'm an economist incapable of making an economic forecast."
He meant predicting what politicians will do, not what the economy will do. Peter thinks politicians are totally predictable. I agree with Hanke that they are not.
When is the last time this professor paid bills. Or went shopping. Or filled a home heating oil tank. Or paid an electric bill,
Does he know how much people are suffer
Love the moderator!!! Glad to see him again.
Love the 3 of these folks.❤
Dave did a good job during this interview.
Hanke proves college is a waste of money
Excellent debate! Thanks to both of them!
What peter said 2 years Ago now i can see things are Happening
Peter took the professor to school.
This “professor” is just out of it
How dare you say that. He has another book he'd like to read from if you have the time tomorrow night. ;)
thanks
I took I will never say that in my entire life: Peter wins the battle