I can't believe we have such a knowledgeable person in Peter Schiff to explain all of this stuff to us free. Watching his show is the best deal anybody ever got in history.
Some wealthy people do give back. There are dozens of wealthy you tubers who create content just to educate others for free. But there's 1000 wealthy people on vacation in cancun for every one like Peter.
Buying and owning a house is a suckers game if you bought after 2020. It was only worth it with the anticipation of appreciation. Maybe buying new will get you a decade with little additional/phantom costs, but out side of that, you would be a fool to buy a house right now.
@@osu33089 IF you can buy a foreclose home IN A GOOD NEIGHBORHOOD that needs a lot of work AND HAVE THE MONEY,TIME AND KNOWLEDGE to fix it yourself. Then it is worth it. Of course "IF" is a big word.
Glad to see someone talking about this new government mortgage overhaul. This is peak government incompetency and a major step into communism, if we aren’t already in it.
It's not the government. It's the evil banks wanting this program. They want to own everything as the US Empire implodes like all others. The last one was Great Brittan. Now most of the people live in council homes. Run by the government but owned by the banks. At least the good creditors and taxpayers didn't have to fund so much of it. Like the US taxpayers will have to. It's going to happen fast. Brittan lost their Empire in two phases. WW1 and WW2. A total about 8 years and it was game over. The US may see it done quicker and perhaps without war on their soil.
You have no idea if you think that USA is Communist. Stop talking bullshit because you have your freedom and your society is not a command economy ! Neither are your people controlled !
weve taken major steps to communis for a while... such as locking down the world over a cough virus and forcing a batch of rushed and untested chemicals on the population... and not to mention the insurr* coup of november
"... because politicians don't run out of dumb ideas, You know there's just an unlimited supply of this nonsense so it constantly gives me material to discuss...." Excellent as always, Mr. Schiff!
I've been telling everyone I know to cash out their 401k's and even though people agree with every single point I make about how their retirement will be stolen through a bail in or hyperinflation, not a single person dared to cash out. It makes zero sense to me.
You are now officially protected your wealth. Doesn't matter what happens to stock market or the dollar. Just hide it in a good place and prepare to defend your home from intruders.
@Silvettip1958, A home is never yours! Ever! Even if you pay off your home, you are still renting from the government. It is called property taxes. (Rent) Plus the expenses never end on your home. Everything needs replaced in your home constantly.
I don't see the point in "live" shows if you are just going to stand there and do a monologue. Get some kind of system in place where people can vote up and down questions or call in and speak. Remember the schiff radio days when people could call in? That was great.
@@LC-hv1qn Thank you. Cheers EDIT: I’d seen enough recently to determine for myself that most that are in that movement are not about civilized freedom and liberty. They are mostly about hate… and violence!
The way you describe economic repercussions of policies is so extremely straight forward & simple. I wish you'd run for president or something. Thank you for doing what you're doing to get the word out about these idiots running this beautiful country into the ground
I love how he’s sticking it to Cathie, she’s earned it. It makes no sense to buy Tesla rn just like Peter said the time to buy that stock and make money on it has passed for now. I don’t know if Cathie is unethical or in denial or both. After watching about three of her videos I got the sense that she was not a straight shooter so I tune her out now
Hi Peter, love your take on government and housing🤣🤣 I mean it's not like the world hasn't seen government backed mortgages before right? Here in Australia the Victorian government have introduced a new housing grant: "The Victorian Homebuyer Fund could be the key to owning your home sooner. If you have a 5% deposit, the Victorian Government will contribute up to 25% of the purchase price, in exchange for an equivalent share in the property, which can reduce your mortgage." Would love to hear you talk on that I should mention to, Victoria the state I'm in has currently over 100 billion in debt, our Premier secretly went to China for 4 days suspected of asking them for money and all construction on our railway from the city to the airport has stop due to a blown budget....
Oh by the way, since posting this comment a major builder in Victoria went bust and the government is returning everyone's deposits. 15 million dollars worth
As usual….great dissection of current financial situation. Concerning risk assets…BitCoin, Tech stocks etc…Your observation that what worked during the GFC won’t work in a high inflation environment is so obviously true. Both of us….being 60, or older, in my case….have a perspective of having seen the 70s and what happened to gold in the late 70s….the last time we had high inflation.
Always ask, "Which policy decisions will produce the greatest power and wealth for the decision makers and their cronies?" *The goal of all governments and all banking systems is to privatize profits and socialize losses. Always has been, always will be.*
He's not lying when he says homes are money pits. I spent $15k for a new roof. $12.5k for a new A/C and $27k for solar here in California because energy is expensive. I should have just rented.
Peope will argue (you’ll get it back when you sell the house someday). Problem is that you have to live somewhere so unless you have a larger home “downsizing” when you retire isn’t feasible so the $$ is locked up until you die. But at least if you ever need $$ for a retirement home or dementia facility you have a house to sell to pay for it.
Renting is worst. Rents gone up nearly double from a few years ago. At least with home ownership, you have equity and a piece of mind you always have a place to live and not face homelessness if you lose your income and the landlord jack up the rent a lot again.
@@daebak7370 he means politicians are ruining things and they know it. They're not trying to do the right thing, they just want to buy votes and kick the can down the road.
Same, I laughed hard when he was saying Cathie wood doesn't get Tesla and that Tesla is lowering prices because of competition, even saying their expenses were rising was pricesless, when Tesla have shown how expenses continue to go down.
Tesla and other EV manufacturers didn't take into account that Toyota ha made a hydrogen fuel cell car and has also made an internal combustion engine that runs off hydrogen. Toyota knew for a long time that battery cats aren't the least not practical.
LLPA for loan level pricing is the add on the agencies like Fannie Mae charge for the loan delivery. This is built into the rate/points you are charged. The big change in 2023 was people with 740 and higher credit scores are paying high rates through these LLPAs. The add on for the lower credit scores decreased plus LLPA add on were increased across the board on on all credit scores for refinances, especially cash out refinances. I have not heard any new outlet pointing out the increased rates on all refinances. The benefits, as some may call it, is that these LLPA are waived or removed for people with income that is at or below 100% of the area medium income or it the area is deemed a special focus area (known as duty to serve). This is giving lower credit score borrowers lower rate than they should be getting according to credit scores. So people refinancing or whose with high credit scores are subsidizing lower income borrowers.
The idea your rate is underwritten by your history of good credit and are less of a risk and are being discriminated against at the personal level to be forced to pay more so others with lower credit scores and are a higher risk are systemically gaining is discrimination…when i refinance when rates get below 5% i plan on suing the bank and the feds for fraud. Because they underwrote me on a personal level then discriminated against me for being lesser credit risk…
Realtors & mtg lenders would tell buyers not to finance anything before their home closing. Now it might benefit them to lower the FICO🤣. Bass ackwards
My home isn't my biggest asset. My biggest asset is the actual land my home sits on. At least that is how the County assessor sees it as it breaks down Property vs Dwelling. If buying, go big Lot /small home, and not big home /small lot.
Can you imagine the death glares Cathie Wood would be shooting at Pete if they ever met. I imagine PS would be smirking and CW might actually spontaneously combust on the spot.
Incentivize Bad behavior and penalize good behavior. How about DA's not prosecuting criminals and letting them off with a slap on the hand. Criminals have a license to be bad. Criminals can steal merchandise from stores under $1,000. So they rob multiple stores, multiple times left untouched. Citizen's buy guns, get alarm systems, don't go out at night, stay out of bad areas, and live in fear. Innocent people get robbed, injured and murdered. Businesses close. Criminals get out easy and repeat their crimes. Is this the Law of Intended consequences because havoc is what Democrat Communists want. They want people to live in fear so they can create a federal police force because of the shortcomings of the local police similar to the Nazi Gestapo. So here it is creating a crisis not to waste as authored by Barack Obama in one of his first speeches. All this from our real presidents; Barack Obama and George Soros.
They actually do this high ratio nonsense in Canada, but require an insurance policy if you use it. I haven’t done the math yet because I don’t need a mortgage…but i suspect the lower rate on a high ratio justifies the insurance premium upfront if you own it for at least a few years. I suppose you have to try and factor in what gains you could make on the rest of the down payment cash that you don’t have to use.
Peter you got understand the devil works opposite of good so this is just as far as the mortgages and stuff that's blockbusting neighborhoods that I was good and the losers next door that do nothing while you do the work is going to be a normal welcome to America
read this morning , sounds like a repeat of 2008 . loans to folks that can't afford them . been here done that, and interest rates at 7% its a incentive for a crash .
Although I will admit thes best video of all three I have watched is the one about how you lost your bank and how despite being innocent all these terrible things kept happening to you. I was in amazement how anyone could have such bad luck owning a bank. It’s a good thing you are very rich because you were very unlucky with that bank you lost. Amazing.
I think that's the intent. These people arent that stupid unless Biden thinks it'll last long enough to buy votes for him to be reelected . End game is to bring down the US. All of Congress and the federal government are in on it.
They keep using low unemployment as justification but they ignore tge labor force participation rate. People are retiring, quitting, and getting fired faster then employers need to lay off so a lot of people leaving the workforce aren't starting EI claims. They are leaving the workforce permenantly and young people aren't filling in the vacancies.
This is exactly is what’s happening with my mothers house she’s selling. USDA loan. Buyers, no money down and the seller is paying the closing. At an interest rate at 5.75%. This is the same thing as my friends wanting handicap from me in golf. I practice they don’t, why shld they when they can just take strokes fr me to use against me on the 19th hole to settle up?
We're going to go through a recession and depression and the central banks, etc. Are going to be like: we're not in a recession, we're not in a depression. And then after the fact be like "hey guys, turns out we're in a "deep recession"
It is said that past performance is not indicative of future performance, except history repeats itself. Someone or a network, I forgot who, did a piece on this. No politician during the great depression acknowledged that there was a depression. They perused many periodicals of back then and could not find one politician saying the words out loud. After the tide had turned, they did say so. I do believe the 2008 crisis had the same issue. History is repeating itself.
Import and Export market has been curtailed since October of last year, there are mandatory days off, most ports are closed on either Mondays or on Fridays for months on end, think that you want products in the store, or export parts or supply chain items trading from US to Asia? It's being cut just worse than during the Lockdowns of the economy. You can't function a economy as Peter said from the regional Fed stating manufacturing is forced into recession and closures unless they get a buyout, or a too big to fail, you will just go jobless in the Federal economy.
I can't believe we have such a knowledgeable person in Peter Schiff to explain all of this stuff to us free. Watching his show is the best deal anybody ever got in history.
It's common sense lots of the time sad it has to be explained
Some wealthy people do give back. There are dozens of wealthy you tubers who create content just to educate others for free.
But there's 1000 wealthy people on vacation in cancun for every one like Peter.
But as soon as you follow his savings/investment advice, that's when you're trapped in a hole.
Eustace Mu11ins is the greatest historian
Man, its going to take a big towel to clean the brown nose of yours....lol
You are right on about homeownership being the American dream. It's a nightmare if you aren't financially able to upkeep and maintain a home.
Blackrock and derivative speculation is more important than dreams.
"It's called the American Dream because you have to be asleep to believe it"
-George Carlin
Buying and owning a house is a suckers game if you bought after 2020. It was only worth it with the anticipation of appreciation. Maybe buying new will get you a decade with little additional/phantom costs, but out side of that, you would be a fool to buy a house right now.
@@osu33089 IF you can buy a foreclose home IN A GOOD NEIGHBORHOOD that needs a lot of work AND HAVE THE MONEY,TIME AND KNOWLEDGE to fix it yourself. Then it is worth it. Of course "IF" is a big word.
All that means is you bought too much home. Doesnt mean you shouldn't be working to own your own hovel.
I have learned more about honest and real economics, inflation, etc from Peter than school and all other outlets in my lifetime.
Agreed
Absolute insanity.
The Dad we should have all had. Go Schiff baby!!!!!!!!!
Peter you are one of my favorite people to listen to. Sad that the real news doesn’t report the news. Thank god for RUclips, at least for now.
35:22 "When the govern-ment comes in, the whole thing gets destroyed." Truer words have never been spoken!
Govern =control , Ment=mind. Government is literally mind control
Excellent show 👍
Thank you for these. I called Schiff gold this week 👍. Great service.
888 - Nice! At 30 seconds, the look on Peter's face is priceless! You have to watch that. Thanks for all you do, Peter Schiff!
Your podcasts are so good, you should do them daily!
I live in Japan, and many items here, eggs, milk, ice cream, etc etc have gone up between 10-20%.
That's still pretty low, I'm in EU and there are food items that have gone up like 50%. Overall CPI is 20%.
China's inflation is 0.7% March 2023, 2.6% for food, yet somehow China's economy is collapsing, according to RUclips.
All prices are in the US have doubled
@@YouReadMyName western propaganda
''Politicians don't run out of dumb ideas."
Glad to see someone talking about this new government mortgage overhaul. This is peak government incompetency and a major step into communism, if we aren’t already in it.
It's not the government. It's the evil banks wanting this program. They want to own everything as the US Empire implodes like all others. The last one was Great Brittan. Now most of the people live in council homes. Run by the government but owned by the banks. At least the good creditors and taxpayers didn't have to fund so much of it. Like the US taxpayers will have to. It's going to happen fast. Brittan lost their Empire in two phases. WW1 and WW2. A total about 8 years and it was game over. The US may see it done quicker and perhaps without war on their soil.
You have no idea if you think that USA is Communist. Stop talking bullshit because you have your freedom and your society is not a command economy ! Neither are your people controlled !
Well said ..
weve taken major steps to communis for a while... such as locking down the world over a cough virus and forcing a batch of rushed and untested chemicals on the population... and not to mention the insurr* coup of november
The first rule of Communism is a central bank; we've been communist since 1913, 1933 destroyed the constitution.
Peter is a gift to us all.....he does all his work at risk to himself because he is so public.....
"... because politicians don't run out of dumb ideas, You know there's just an unlimited supply of this nonsense so it constantly gives me material to discuss...."
Excellent as always, Mr. Schiff!
Mr. Schiff you are so right.
45:11 into this video is correct!
Cashed out my entire 401K last month and bought gold Eagle coins today. Feels great 👍
I've been telling everyone I know to cash out their 401k's and even though people agree with every single point I make about how their retirement will be stolen through a bail in or hyperinflation, not a single person dared to cash out. It makes zero sense to me.
You are now officially protected your wealth. Doesn't matter what happens to stock market or the dollar. Just hide it in a good place and prepare to defend your home from intruders.
That's right 👉 get them J00s off ya shekels
Just wondering, how much did you pay per oz. Where did you buy it?
@@anthonyiannozzi6777 $2,150 per Eagle. Bought 240 of them
Thank you .. great show ..
Its so awesome that Peter has increased video count the last few months. Love the live show💪
Peter speaks truth! Take that, homeowners!
I bought a home and paid it off, now I’m debt free. I’m glad I didn’t see this before I bought a home.
@Silvettip1958, A home is never yours! Ever!
Even if you pay off your home, you are still renting from the government. It is called property taxes. (Rent)
Plus the expenses never end on your home. Everything needs replaced in your home constantly.
Thanks for the education Papa Pete!
I enjoy these kind of live shows
Adolph Hitler’s birthday today
I don't see the point in "live" shows if you are just going to stand there and do a monologue. Get some kind of system in place where people can vote up and down questions or call in and speak. Remember the schiff radio days when people could call in? That was great.
45:10 into this video says it all! A home is a money pit and you will not get rich buying a home!
Fact! Getting rich buying a home is a myth!!
I have been watching since 2015. It's all happening just in slow motion.
I started watching Peter back in 09 when I was 9 years old
Always a great day when a new Peter Schiff podcast drops 👌
Persons in order to run for office should be required to have his knowledge & apply it. Especially the Fed’s & government
Keep Calm and Gold Stack ON
Love the ban symbol
@@LC-hv1qn Thank you. Cheers
EDIT: I’d seen enough recently to determine for myself that most that are in that movement are not about civilized freedom and liberty. They are mostly about hate… and violence!
Nice Logo bro ...
Your logo is highly offensive oy vey
Your logo is highly DEfensive !
AMERICAN DREAM IS TO BUY A HOUSE. That was concocted by a realtor trying to sell you a home ...😂😂😊
HAPPY 420 EVERYBODY AND A BIG THANK YOU TO ALL YOU DO FOR US PETER
Hitler's birthday is celebrated?
@@sterlingcooper3978
Of course. Schiff is basically the Jewish Hitler calling out all of the bankers.
Yes
The way you describe economic repercussions of policies is so extremely straight forward & simple. I wish you'd run for president or something. Thank you for doing what you're doing to get the word out about these idiots running this beautiful country into the ground
So, you want someone to control everything.? Sounds like you want a dictator ?
Voters do not vote for prudence, but for free stuff. Peter would lose if he ran for president.
Never underestimate government incompetence. Those guys couldn't hammer a nail in a dog poop without destroying both.
Peter the Great !!!
I love how he’s sticking it to Cathie, she’s earned it. It makes no sense to buy Tesla rn just like Peter said the time to buy that stock and make money on it has passed for now. I don’t know if Cathie is unethical or in denial or both. After watching about three of her videos I got the sense that she was not a straight shooter so I tune her out now
Hi Peter, love your take on government and housing🤣🤣 I mean it's not like the world hasn't seen government backed mortgages before right?
Here in Australia the Victorian government have introduced a new housing grant:
"The Victorian Homebuyer Fund could be the key to owning your home sooner. If you have a 5% deposit, the Victorian Government will contribute up to 25% of the purchase price, in exchange for an equivalent share in the property, which can reduce your mortgage."
Would love to hear you talk on that
I should mention to, Victoria the state I'm in has currently over 100 billion in debt, our Premier secretly went to China for 4 days suspected of asking them for money and all construction on our railway from the city to the airport has stop due to a blown budget....
That is interesting, hi from NZ
The costs are always higher where there's socialism. Add corruption and you know the equation to government bankruptcy.
the government is going to contribute up 25%. Guess what? Prices just went up 25%. Talk about creating inflation.
Oh by the way, since posting this comment a major builder in Victoria went bust and the government is returning everyone's deposits. 15 million dollars worth
7:10 I have a better chance of going to Narnia, than I do seeing a British government cut spending.
Great show Peter!!
As usual….great dissection of current financial situation. Concerning risk assets…BitCoin, Tech stocks etc…Your observation that what worked during the GFC won’t work in a high inflation environment is so obviously true. Both of us….being 60, or older, in my case….have a perspective of having seen the 70s and what happened to gold in the late 70s….the last time we had high inflation.
Always ask, "Which policy decisions will produce the greatest power and wealth for the decision makers and their cronies?"
*The goal of all governments and all banking systems is to privatize profits and socialize losses. Always has been, always will be.*
Great info Peter - thank you
Another great vid. Thanks Peter!
Government isn't dumb, it's malevolent.
Obama's 3rd term is the worst.
It's Wilson all over again
Thank you for your knowledge. I kind of enjoy economics.
He's not lying when he says homes are money pits. I spent $15k for a new roof. $12.5k for a new A/C and $27k for solar here in California because energy is expensive. I should have just rented.
I feel your pain brother. Hope you make it out of California soon
@@prakash.srn.17 I'm just saying! This shit here is ridiculous. Plus all the homeless....makes things worse.
Peope will argue (you’ll get it back when you sell the house someday). Problem is that you have to live somewhere so unless you have a larger home “downsizing” when you retire isn’t feasible so the $$ is locked up until you die. But at least if you ever need $$ for a retirement home or dementia facility you have a house to sell to pay for it.
I’m fortunate that my mortgage is less than a lot of my coworkers pay in rent. For apartments at that
Renting is worst. Rents gone up nearly double from a few years ago. At least with home ownership, you have equity and a piece of mind you always have a place to live and not face homelessness if you lose your income and the landlord jack up the rent a lot again.
Evil isn’t stupid. Peter is on it!
What do you mean he's in on it?
@@daebak7370 he means politicians are ruining things and they know it. They're not trying to do the right thing, they just want to buy votes and kick the can down the road.
Nice to have the show live even though i always listen while driving anyways😂😂
Peter, I continue to enjoy your sense of humour! Bravo!
Same, I laughed hard when he was saying Cathie wood doesn't get Tesla and that Tesla is lowering prices because of competition, even saying their expenses were rising was pricesless, when Tesla have shown how expenses continue to go down.
Peter Schiff vs Kathy wood debate WHENNNN
Peter 😂😂 politicians never run out of dum ideas 😢sad but true
When ever someone says “Joe Biden,” everyone say “FJB.”
It's always a balancing act of varied interests, same as social security. How much push and how much pull?
I've learned that when your told to buy, they own it already, everyone buys it goes up, he sells then shorts, tells all to sell...
Tesla and other EV manufacturers didn't take into account that Toyota ha made a hydrogen fuel cell car and has also made an internal combustion engine that runs off hydrogen. Toyota knew for a long time that battery cats aren't the least not practical.
Thanks Peter
LLPA for loan level pricing is the add on the agencies like Fannie Mae charge for the loan delivery. This is built into the rate/points you are charged. The big change in 2023 was people with 740 and higher credit scores are paying high rates through these LLPAs. The add on for the lower credit scores decreased plus LLPA add on were increased across the board on on all credit scores for refinances, especially cash out refinances. I have not heard any new outlet pointing out the increased rates on all refinances. The benefits, as some may call it, is that these LLPA are waived or removed for people with income that is at or below 100% of the area medium income or it the area is deemed a special focus area (known as duty to serve). This is giving lower credit score borrowers lower rate than they should be getting according to credit scores. So people refinancing or whose with high credit scores are subsidizing lower income borrowers.
The idea your rate is underwritten by your history of good credit and are less of a risk and are being discriminated against at the personal level to be forced to pay more so others with lower credit scores and are a higher risk are systemically gaining is discrimination…when i refinance when rates get below 5% i plan on suing the bank and the feds for fraud. Because they underwrote me on a personal level then discriminated against me for being lesser credit risk…
I have never wanted to work for someone this much in my life. Great show!!!
I think you do.
Realtors & mtg lenders would tell buyers not to finance anything before their home closing. Now it might benefit them to lower the FICO🤣. Bass ackwards
I'd love to hear your thoughts on the RESTRICT Act
My home isn't my biggest asset. My biggest asset is the actual land my home sits on. At least that is how the County assessor sees it as it breaks down Property vs Dwelling. If buying, go big Lot /small home, and not big home /small lot.
Always on point
Peter you have always been spot on with Tesla. Most everything else also too !!
Listen to Peter guys he's fine most knowledgeable knew every recession and what to do about it.
We should discourage people from being responsible.
Can you imagine the death glares Cathie Wood would be shooting at Pete if they ever met. I imagine PS would be smirking and CW might actually spontaneously combust on the spot.
Thanks!
Incentivize Bad behavior and penalize good behavior. How about DA's not prosecuting criminals and letting them off with a slap on the hand. Criminals have a license to be bad. Criminals can steal merchandise from stores under $1,000. So they rob multiple stores, multiple times left untouched. Citizen's buy guns, get alarm systems, don't go out at night, stay out of bad areas, and live in fear. Innocent people get robbed, injured and murdered. Businesses close. Criminals get out easy and repeat their crimes. Is this the Law of Intended consequences because havoc is what Democrat Communists want. They want people to live in fear so they can create a federal police force because of the shortcomings of the local police similar to the Nazi Gestapo. So here it is creating a crisis not to waste as authored by Barack Obama in one of his first speeches. All this from our real presidents; Barack Obama and George Soros.
Really enjoy this live videos
They actually do this high ratio nonsense in Canada, but require an insurance policy if you use it. I haven’t done the math yet because I don’t need a mortgage…but i suspect the lower rate on a high ratio justifies the insurance premium upfront if you own it for at least a few years. I suppose you have to try and factor in what gains you could make on the rest of the down payment cash that you don’t have to use.
Dude.. the K I A EV starts at like 50gs. That is extraordinarily expensive for a freaking Kia!
The UK are going to start giving out cost of living cheques from the end of April(3 payments).Perhaps higher inflation on the horizon.
Way to go Peter !!
Peter you got understand the devil works opposite of good so this is just as far as the mortgages and stuff that's blockbusting neighborhoods that I was good and the losers next door that do nothing while you do the work is going to be a normal welcome to America
The government refuses to balance the budget...
Toronto airport just lost 20,000,000 in gold Peter be on the lookout for some hot gold.
Love the title on this one
Homeownership is expensive
That’s how they fix people paying over asking price and over appraisal Peter
What is Too Big To Fail??!!??
i am his biggest fan.
Ok let’s not turn this into a pissing contest - but he’s freaking amazing though 😀 Schiff for Fed Chair!!
read this morning , sounds like a repeat of 2008 . loans to folks that can't afford them . been here done that, and interest rates at 7% its a incentive for a crash .
Peter would make a good president.
Oh, our government can be pretty dumb!
Or it's all planned
@@bonnieupton4114 or not
stem cells
"Well, I think 2 things are infinite --- the universe and human stupidity, but I'm not sure about the universe." Albert Einstein
I can't understand why people would sell off gold for worthless Government/FED fiat money.
Although I will admit thes best video of all three I have watched is the one about how you lost your bank and how despite being innocent all these terrible things kept happening to you. I was in amazement how anyone could have such bad luck owning a bank. It’s a good thing you are very rich because you were very unlucky with that bank you lost. Amazing.
Peter explain to us about the gold standard how gold will be set at a fix price and how it will work.
It won't work China has a debt and a demographic problem. World government world currency will be the way
Prices cannot be fixed. They will be set by the market, which fluctuates.
The new mortgage down-payment guidelines aka loan level price adjustments are going to put the final nail in the banking coffin! 😅
Yes , this is so much worse than what they did in the early 2000's. Will end in tears.
Is there no way to take it to the supreme court?
@Big B absolutely way worse! Unreal!
@@LC-hv1qn idk, I'm researching now. Sounds like an EO from Biden. This is nuts.
I think that's the intent. These people arent that stupid unless Biden thinks it'll last long enough to buy votes for him to be reelected . End game is to bring down the US. All of Congress and the federal government are in on it.
That's the problem!
How does the executive branch (president) have the ability to dictate terms with insurance companies?
Usurping thru agencies
Cuba should bring Peter on to clean up the Cuban Economy. He knows his stuff!
Why can't we have people like him running the government? This is ridiculous.
Cuba has to go with BTC , that will bring enormous wealth to there country ❤
Cuba will just nationalize it
You don't have to skip a bill or payment to lower your FICO, just open up new lines of credit.
They keep using low unemployment as justification but they ignore tge labor force participation rate. People are retiring, quitting, and getting fired faster then employers need to lay off so a lot of people leaving the workforce aren't starting EI claims. They are leaving the workforce permenantly and young people aren't filling in the vacancies.
This is exactly is what’s happening with my mothers house she’s selling. USDA loan. Buyers, no money down and the seller is paying the closing.
At an interest rate at 5.75%.
This is the same thing as my friends wanting handicap from me in golf. I practice they don’t, why shld they when they can just take strokes fr me to use against me on the 19th hole to settle up?
My little brother (10 years younger) will be SecTreas in next prez admin.
We're going to go through a recession and depression and the central banks, etc. Are going to be like: we're not in a recession, we're not in a depression. And then after the fact be like "hey guys, turns out we're in a "deep recession"
Yes that's what they did during the week 2007-2008 recession
It is said that past performance is not indicative of future performance, except history repeats itself. Someone or a network, I forgot who, did a piece on this. No politician during the great depression acknowledged that there was a depression. They perused many periodicals of back then and could not find one politician saying the words out loud. After the tide had turned, they did say so. I do believe the 2008 crisis had the same issue.
History is repeating itself.
How do we know when to sell our mining stocks? When Cathy Wood starts buying...
Import and Export market has been curtailed since October of last year, there are mandatory days off, most ports are closed on either Mondays or on Fridays for months on end, think that you want products in the store, or export parts or supply chain items trading from US to Asia? It's being cut just worse than during the Lockdowns of the economy. You can't function a economy as Peter said from the regional Fed stating manufacturing is forced into recession and closures unless they get a buyout, or a too big to fail, you will just go jobless in the Federal economy.
Most famous male investor: Warren Buffett - Most famous female investor: Cathie Wood LOL