🔴 Inflation Threat Is Graver Than Investors Realize - Ep 947
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- Опубликовано: 9 сен 2024
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I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $5 million in returns on invest-ments.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Melissa Maureen Ward 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.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Really where are investors putting their cash? Isn’t it crazy how mortgage rates continue to rise with higher imports and declining exports, but the FED is yet to lessen cost. Something will eventually break if they keep raising interest rates and quantitative tightening.
from my study, prices of great assets like real estate, dividend paying stocks, and gold never come down, so I buy what I can afford today. ideally, seeking financial advice in a crucial economy is necessary for everyone
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Wright promptly do a web check where you can connect with her Margaret Johnson Arndt“, and do your research with her full names mentioned..
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at the worth of your portfolio, you should consider financial advisory.
Facing a similar situation, I sought advice from an invęstment advisęr. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.
Your invt-adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same invt-adviser and how I can get in touch with them?
She goes by ‘’NICOLE DESIREE SIMON'’ 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.
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
It has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
Impressive i could really use the help of an advisor as i am closing in on retirement. How can i reach this person?
She goes by ‘’Lisa Angelique Abel’ 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.
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
’Aileen Gertrude Tippy’’ 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
In Canada, the government has accused grocery stores of price gouging their customers while running the biggest deficit in history and overtaxing everyone. They even brought the CEOs of grocery chains into the parliament and asked them to come up with a strategy on how to reduce prices. As you might have guessed, nothing came out of it and grocery chains announced that they will raise prices even more.
Isn't the issue in Canada the carbon/ green taxes. Gas and fuel are in all prices. I've seen this guy show an original $26 gas bill, ending up costing $124 because of all the added green taxes.
Perhaps Canadians should get up and start protesting to the point that you completely cripple the economy. Politicians have shares in businesses. Letting the economy come to a grinding halt, hurts them where it counts. In my home country, about 25 years ago, that's exactly what we had to do to get rid of a president who was spending like a drunken sailor.
He did about the same as democrats do, except the corruption and lining of his and his cronies pockets, was blatant, because we didn't have laws on the books to prevent it.
I recently traveled east to Pennsylvania from California; I am telling you that prices are adjusted according to area.. I am impressed that grocers have not gauged here as other areas. No kidding.
The Trudeau Liberals always blame everyone else for the problems they create.
Trudeau ran huge deficits and needed to raise taxes. He started a carbon tax which increased the cost of food production, processing, transportation...Trudeau blames the grocery stores. The government hires more people to start a new tax...so what did Trudeau do? He started an entirely new second carbon tax in 2023 with an entire new bureaucracy . These Liberals have no concept of how fiscal responsibility works.
I go to aldi, even get imported prosciutto and feed a family of 4 for 150 bucks a week with good quality. In Atlanta. Publix and Kroger in the area 380 a week.
Canadians are in deep shit. The current tyrannical government has gone made and is being controlled by foreign interests. Election is not coming soon enough.....
"I never hear announcements that companies are looking to hire a bunch of workers..."
Your sponsor is INDEED!
Hahahah. He doesn't care about the blatant hypocrisy ;) He'll keep spreading doom-and-gloom.
Indeed doesn't hire buddy
Peter's listeners must have Stockholm Syndrome or something. No one continues to follow someone whos consistantly given such terrible investment/savings advice without having a mental condition. I know i have it.
By the way, bitcoin surges almost 20% in a week to $50k and Peter doesnt even mention one word of it. Talk about silence being deafening.
Definitely already in a recession, and a depression is not far behind!
"We know they're lying, they know they're lying, they know that we know they're lying, but they lie anyway"...🤔
Public sector jobs dont produce anything. Thus the more of those we have, the more inflation we get. Also public sector jobs dont allow for corrections, they keep getting a salary even if the task they are doing is loss making. In the private sector if someone was not productive or doing loss making work they would soon be out of work, thus be unable to spend until they found something productive to do. This doesnt occur with a public sector job.
Well assessed friend 👍
Shrinkflation is what we get after sex,we're doomed for an hour or so.Thank God it won't last for long!😅😮❤
But when you have a private sector job. It’s usually doesn’t drive large incomes , you have to deal with bureaucracy, likely less fulfilling. so there is some sacrifice to participate
Well said, I've been saying for some time (to anyone who'd listen) that there are two Americas, the private sector and the govt / military / free stuff sector.... both cannot exist as is and
and the "gmf" sector will kill the private sector every time....trouble is govt workers are brainwashed to believe the world will stop spinning without them, free stuff people think they are deserving, and the military doesn't understand they're being used....
Nah, I actually think the opposite. Now is the best time for investors who know where to look to put their cash to work rather than allow it lie waste to inflation. Recently Invested about $350k of my savings in some stocks and already getting insane ROI. I just need ideas on how to navigate the bear markets and other sectors to diversify
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I agree. This is why having the right plan is invaluable, my $510k portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a more figures ballpark goal this 2024
@josephbush could you be kind enough with details of your advisor please?
She goes by 'Heather Lee Larioni'. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle & grow my finances, but so glad I did!!!
I appreciate this share. I set up a call with her and I am keen on getting to talk to her particularly.
Peter Schiff has for 15 years or so claimed that "the market is wrong". But isn't the whole idea of investing to buy assets that increase in price, i.e. that the market will value more highly over time? That in turn means that the market CANNOT be "wrong" over time. it is Peter who is wrong.
He thinks the market will correct in the short term to align with his view
I think buying miners is wrong, and being a permabull on gold is wrong.
But gold is still the best performing asset when the economy sucks, and by far. Look at 2007 to 2010. Bonds +5%/year, gold over +15%/year, everything else crashing.
And the current economy sucks even more than 2008.
Peter is an idiot. Instead of investing in great American companies for the past 15 years, he has been glued to his buy mining stocks, the world will end thesis. All he did was lose out on 10 baggers like apple and Amazon
Think how much money he’s cost his mindless worshippers.
The market is always right, go against the market and you are simply losing money. Gold has its place in any well diversified portfolio, but its performance has been lacklustre against stocks (and silver's performance is much worse). And that's a fact, just graph gold against the s&p. Over a long period of time gold has underperformed the stock market index.
Gold under performs going into the recession, performs well coming out the other side.
There is a famous French economist, Thomas Piketty. He went over all the tax records of France and the United States. These two countries have the oldest tax records that go back all the way to the 1700s. What he discovered was that currently US has the same level of wealth inequality as France just before the Revolution! Now Piketty is a critic of capitalism, so he does have an agenda, but the numbers seem to check out.
The other thing is that American political scientists have discovered is that US has gone much deeper and much longer political polarisation than any other advanced democracy. No one trusts the politics, the media, the Fed and so on. Just look at the survey data. Trust in everything is at record lows.
So what I'm driving at is, imagine what will happen when reality asserts itself. The economic meltdown happens during all this political dysfunction. You are going to have Powell dragged into the guillotine! If you are a man (or woman) of property, you need to get out of the United States. Forget the Dollar, the Union itself is going to have an extreme crisis.
I’m wondering what about all of the mass shootings, mass suicides, the unhoused encampments all around the country, the mass evictions/foreclosures, mass arrests doesn’t clue you in to the fact that the collapse is here and has been here for a while.
Peter is incapable to change his views, even when the facts change. He has been promising that 'gold will go trough the roof' forever. Well, we're still waiting. Also recommending to buy miners is borderline irresponsible, given that that industry is historically been horrible and very risky. Yes, every now and then you can find some 10-100 bagger, but the odds aren't very great. Although some macro points that Peter makes have validity, I would not listen to him for any financial advise, only for entertainment purposes.
America is dying. Roads- terrible. Food - terrible. Service- terrible. Economy- terrible. That's it
Same in Europe. Roads are appalling but we are paying billions to house illegal migrants flooding in, so guess there's no money for anything else.
online comments are terrible as well
What about American womin? Still some hotties left
It’s a slow decline until the dollar crash. Then we go the way of the USSR. Reduce to rubble over night.
No, America is actually the opposite
Thank you for carving out time to educate your listeners.
He is selling gold, fear and monetary collapse
Don’t encouraged his stupidity. He will turn you into the worst investor on the planet.
What 'education' ? He says the same thing in every video.
Why must inflation rates even be 2 percent? Why not shoot for 0, or maybe 1% if the economy is extra strong?
Stealing 2% slowly over time goes generally unnoticed especially by the mass population
Exactly
bc the population grows & the money supply has to keep up with it - but I hear you!
Because the fed can't raise rates high enough to do that but also because the dollar is backed by debt no debt means no dollar and the debt has to grow or it will be paid back until no dollars exist
@@MrkBO8not necessarily, if population grows linearly with currency expansion - we should be able to have zero inflation. Remember, the govt gets a little extra by keeping inflation positive.
all i can see is mass lay offs right around the corner and household debt at a level where 1 income can not keep it alfloat, its bad whats coming.
They say that consumer is doing good; yet consumer debt crossed $1 trillion; How the F is that good?
As soon as Peter Schiff said gold is holding above $2000, it breaks down below. This guy is the greatest contrarian indicator. IDK why he chose his last podcast to point that out but this is a God given talent.
He’s an idiot conman
the day he gives up on gold is the day to go all in on gold.
He’ll never give up on gold lol it’s funny a lot of you smart guys come on here listen to this guy then try to make him seem dumb even though his arguments are 100% valid and very succinct. Gold will be boring like it’s supposed to be until it isn’t. When the panic from the official recession hits and gold dumps that will be the last chance to get in at these prices of 1600-2000. After the next round of bailouts and inflation gold is going to be worth at least 5k an ounce and just upwards from there. What’s the argument against gold? That it isn’t giving you a high yield? It’s not supposed to. It’s insurance against the system that anyone will agree with is very shaky right now. If you don’t own gold or silver you’re a retard.
He’s the biggest moron in the game.
@@allstarlordhave fun staying poor
Did a Costco run today, purchases were items that I will NOT consume for a year or so; my message to all is: monitor those expiration dates. In the past a 2 year out date on most items, today it is down to one year, I purchased items over a year ago that expire in 25. Question is are they lying or is it older stuff?
Lol
I mean it does seem feasible that stores might rotate their oldest stock forward on the shelves to get it out before it goes bad. If you want the freshest milk at the store you always take the one from the back of the shelf at the grocery store. Seems plausible that this is something similar.
@@Howwwwwl Nay, I have learned that the product is fine, the expiration dates are nothing more than to PREVENT peeps from stocking up too much invenmtory....
i am already using toilet paper twice
It lasts, longer yet, if you poke a hole in the middle for your finger to go through.
lol im already using both sides of my 1 ply
Peter, if your scenario is CPI staying above 3.1% forever, then this means no rate cuts at all this year.
This is extremely bearish for gold in the next months as the market gets constantly disappointed.
If that's what happens then the right strategy is to wait several months for
He is seling shit lol
As the USD goes up, gold goes down. Gold ignores downs, unless the USD goes lower.with the market.
its not bearish for gold . your clearly not listening .
@@Jonnys00007it is in the bizarre world. Up is down and down is up.
Your gold fund is crap Peter.
Gold is an investment for long term. Peter never said to trade it for short term gains. He also stresses to use extra money you don’t depend on. Look at a stock chart of Gold. From 2011 until today it’s made a cup and handle. In the last three years it’s been consolidating with strength. The time horizon is years, not days or weeks. When it takes off it will produce results. But to predict exactly when it takes off is impossible. I’m in no way advocating for Peter. I used to be his biggest critic from 2020 to 2022. But his analysis on inflation has been spot on. And everything he says makes sense.
Problem is the world doesn’t make sense anymore
Well assessed there friend, great 101 reminder of Gold's price patterns 👍
@@CK-ie4hpexactly that too! It's a narrative driven world that's issued by the so called financial experts and presstitutes and government officials, spewing narrative/agenda consolidating news mixed with a zest of logical/truthful info, which makes it totally logical for the masses to cling to and the reaction of the many = indifference and thus no market reaction, which means the show keeps going on as is when the majority should be "Peters" about it
Listen to Schiff and risk becoming homeless
Thanks Peter, I needed that pep talk !
You moron. Schiff is the worst. He will make you the worst investor on the planet.
Joe Biden taking the competency test would be a great Pay-per-View event! Another episode of Idiocracy.
Schiff should take a competency test. He’s the biggest senile moron in the game.
“You are either investing or letting inflation eat away at your purchasing power” saw this somewhere and it really resonates with me. I have about $300,000 sitting in a HYSA and I want to invest it. Where would you invest this as of now?
Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at the worth of your portfolio, you should consider financial advisory.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
She goes by ‘’Jessica Annabelle Rupp’ 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.
Correct me if I'm wrong but gold & silver stocks have been among the worst performing on the markets for years. Look elsewhere because it's dead here.
That’s the exact reason why they’ll do well in the future years. They went through their bear market already while equites went through it’s bull market, now it will be flipped. The market is actually wrong, everyone is in equities so all the money will be made in precious metals and commodity’s when we come out of recession. Inflation will continue to go higher and higher due to the debt servicing and deficit spending we’re doing.
Since the year 2000 gold has beating the SPY and the NASDAQ. Check it out.
That's odd. I've made a tremendous gain in my Gold and silver investments.
I like listening to Schiff, but I'd be broke if I listened to his advice for trading. At least if my hold time frame was less than a few years.
hope you didn´t take his advice on Bitcoin.
He is wrong any day of the week.It's scary how people listen to his useless advice.
Peter "broken record" Schiff, your podcast is useful if people take opposite advices.
Every bird on the branch knows stocks always beat inflation by a significant margin, and gold barely beats it.
You are a charming speaker and great salesman, I give you that.
Wait until March 11th
😂 great comment Mark, we are still expecting gold to go to the moon and btc to 0
Peter tells people stocks will
Go higher and higher as long as the fed is printing money and buying bonds. That’s paper wealth, but it’s definitely good to be in the market and ride the crash up. He also mentions gold is something real to buy accepted all over the world. There are forces out there that are attempting to keep the price of gold down, but one day lol, fomo will set into the precious metals market. That’s gonna be an interesting time
The best is the indeed infomercial in the middle of the doom and gloom 😂
This economy is frustrating me. I'm holding silver and need cash. It's like the rich are watching me and when I sell it'll go through the roof.
you're in a simulation and you are programmed to lose
Silver will never go thru the roof, the $50 silver in the 1980s was a hype.
Tight monetary policiy vs Loose fiscal policy, basically we are going nowhere until something affected by Tight monetary policy breaks.
Toilet paper the same price at Walmart that has been for months. Maybe 50 or 60 cents up. But the point remains it's relatively stable.
That is until you look at the square footage of the toilet paper roll packages. And then you realize for toilet paper we've had over a 30% increase in cost over the last few months
The quality of the shit coming out of assholes is going to be worse too, much more sloppy because of all the fake food people have to buy instead of real
That’s so you don’t have enough TP for when the SHTF. ❤
I use $ bills. Rinse and repeat.
Buy silver or gold with the money I save not buying toilet paper.
Meanwhile silver goes nowhere
You guys have expensive aholes
Only price pays Peter. Follow price not what you think should happen.
Impeach Uncle Sniffy. 🇺🇸
His “butts been wiped” for president!
they tried, no evidence
We do have evidence but when America is corrupt to the core we will never get the justice we deserve @chrisfan9492
@@chrisfan9492 LOL you will never find evidence if you don't look for it- remember only Dumb votes DEM 🤣😂
BUY BITCOIN!
Nothing on Tucker putin interview?
You're so much fun to listen to on POLITICS! 😁
Poor peter has to stop counting the days gold was over $2,000.
Not poor - he's caused his listeners ALOT of losses if they've followed his advice.
Schiffty's cost his subs $billions in lost gains bashing Bitcoin @ $2 then $100 then $1000 then $10,000 then $20k .then $30k as high as $50,000,000,000 his subscribers have missed out on. Brutal!
When I seen the NYSE today I knew Peter would be talking about it
If inflation threat is great then gold will go down. That much should be obvious.
Yes that's part of the new perception management element of fed/financial industry economic news, how modern economic presstitute news work
Gold dumping should give you a clue that when the markets dump so will your metals. Wait for a crash then buy gold. Not now with peters advice.
If the markets crash......you wont be able to afford toilet paper, let alone bullion.
@@TonyBraun You don't buy insurance when the house is on fire.
Wait until it goes way up. Then buy. That's what you'll do. Lmao
@JohnJohnCrusher lol. Peter trying to get everyone to buy his bags at the top
@@TonyBraun maybe 1 coin silver will pay for one roll toilet paper
Five years ago Pete said Gold was going to 5,000 and to sell stocks. What a clown.
and he said bitcoin would tank to 0😂😂😂
I've been following Peter since 2010. I can confirm that he's been comply wrong on Bitcoin and Gold stocks. Gold stocks are the worst performing assets over the past decade.
Yep. 100%
As long as the government spends and prints, raising interest rates will be useless.
I would like to see Biden tell municipalities to stop raising property taxes.
If the childish kids would read Peters books and the books he has read, they would have a clear understanding of economics.
We're assuming that politicians can read :D.
They'd have missed a +1000 point rally in the S&P
America's greatest economist = Peter Schiff
In this episode, Peter does a victory lap over inflation.
Want to see his golden dance moves
Oh dont you worry about a thing Mr. Schiff they ain't letting old Joe anywhere near the launch codes😁
I really don't understand this shenanigan: They take CPI, exclude food and energy and call it Core CPI. You can't live without food and energy, but you can live without the things in Core CPI. So Core CPI shoud be food + energy + maybe rents. Not the other way around as it is now.
Ron Paul is in his 90s and still sharp as a tack
need new law on senitors working for any company they take payment from after holding office. Everyone need to read and learn about dark money act.
Peter needs to remind everybody. The inflation figures do not calculate in three biggest areas of spending for most... Fuel, rent or mortgage and food.
Weimer Republic...just got a quote for plumbing job 1-2k job max....quote came in at 45k.
😂
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
Investment is the quickest path to financial freedom, the rich stays rich by spending like the poor yet investing! While the poor stays poor by spending like the rich yet not investing. it is good thing to start your Financial freedom this year with good investment idea
That's Correct, but for beginners it is advisable you invest through an expert trader who would serve as a mentor and a guardian to ensure you make profits and increase your accuracy when you make trades, in that way you get to make money with low risk of losing your hard earned money.
But experts and strategists are telling us that those who believe the market will still bounce back are simply delusional - and they are about to get a reality check.
I agree. Based on firsthand encounter with one ‘’Linda Sue Baier’’ now i have 550k in a well diversified portfolio which has grown by 3x in the past 5 months with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with the help of a good Fin. Advisor
@@MartinDouglas-gt6ce
Linda Sue Baier must be very good Fin. Advisor. He handles my colleague's investment too. I'm surprised to see you talking about her.
The corporate world welcomes inflation as it increases their profits (since they can charge higher prices for their products), but the salaries of their employees are generally not increased to match inflation.
This is a F*¢king Twilight Zone Alfred Hitchcock could not even imagine!
Rod Serling
What is not spoken about is who will loan the US the trillions it depends on ?
No one it's only through monetary policy the Fed government will issue currency and through redistribution maintain the economic infrastructural facilities
Could you give me a name of the president (let's say after Kennedy) who was in charge of making decisions on matters of policies both internal and foreign? In other words, is it really a president who rules the country?
Peter : for your own good, stop talking about taking away social security. sure it costs a ton, and they have not managed it properly, but it’s something we CAN afford.
the other 90% our government spends is the problem, not SS.
Social security is a stupid program but the program was designed for stupid people so maybe people shouldn't suffer for their stupidity but we could stop giving weapons to Ukraine and talking shit about Russia
Social security is socialism.
It should be phased out in favor of means tested methods of welfare, if not no welfare at all.
$65.3 billion? That's enough to give every American $32.5 million.
if we took out medicare and SS, even with the ridiculous defense spending, the budget is balanced and the country starts taking profits. Sorry, I care more about my country than the generation who abused it. it's called the great wealth transfer for a reason, boomers have plenty of $! they can pay for their own healthcare and retirement without bankrupting their offspring and their nation. We can pick up their pieces and take care of ourselves, so long as they don't burn the house down!
One of the biggest parts of the CPI is taxes, and the government never plugs that into their inflation calculation.
Government causes inflation in many ways...printing money but also sanctioning Russian natural resource exports creates shortages, and drives up prices to us.
Peter is right when it comes to companies having to adjust to inflation, but 1 thing he's wrong is where those big corporate conglomerates rather not raise prices. Sorry Peter, you're wrong on that one. They will rip people off at every opportunity given.
Losing the yearly open is never good Peter. Gold is well below the open now.
Gold miners just hit a 5-year low. Peter Schiff's favorite "investment."
Yall are right, wait until it's at all time highs to buy
@@gSizzzzle R.Schiff's cult is going through the moon with next hale bopp comet ship
Peter the market isnt wrong for the past 15 years, YOU ARE.
Your investment strategy has lost people so much money they will never be able to catch up, and never be able to retire. Very sad.
That's not even close to being a true statement.
@@peterschiff you are a terrible money manager, now you are a liar too.
@@peterschiff but we should have known you are a liar, you ran for congress.
😂 must be a deminut commenting here.
Do bad he didn't get in
If you don't like Peter why are you on his videos? Don't you have anything better to do?
To warn people and do the opposite of what he says. Schiff makes money making people poor. Isn’t that what scammers do?
Wow you nailed this one. So many greats points
Peter can you talk about the average long-term returns of your mutual funds that you offer and how investors would have done over the years if they followed your investment philosophy?
At this point, I wouldn’t be surprised if Taylor Swift ran for president. Her campaign line would be “I knew you were trouble”.
Peter said the fed is politically motivated, which is the definition of a conspiracy, but also states their is no conspiracy to manipulate pm's. Makes about as much sense as saying one country has the right to self defense but not another. Limited Hangout.
Yes Peter, the economy goes exactly as you predict, but the market does not react in the textbook way that you think it should.
My biz has been walloped this year so far. Phone just not ringing.
Peter, talk about the half trillion (506 billion) increase in monetary base since February, of which 470 billion is attributable to the creation of bank reserves. This is QE by the back door. I would post a link to the article but youtube won't let me and my comment gets deleted.
Let me guess, they only way to protect yourself is gold
Best protection is to unsubscribe
Love how you see all the problems and have the same opinion as the bitcoin folks. Dont agree on your arguments against it, but I still respect what you are doing 🖖
I just started my 3rd business this year. I definitely have business coming in, unfortunately it’s extremely hard to make any money right now with interest rates, supply prices and fuel costs. And I can’t afford to hire people full time. We’re just treading water til something gives.
Starting your 3rd business? Interesting time to open 3 businesses
My daily red light therapy is FREE from the early morning sun.
Perhaps Peter gets the bed free because they advertise with him, but why would anyone buy one?
Same - when it's not raining!!
Peter you should have someone add topic timelines to your videos!
Dunkin donuts doesn’t even put jelly in the jelly donuts anymore not to mention the size of the donuts reduced 15% as well
The real nominee is RFK Jr. Think about it via all angles. Started as a democrat but then he left to be an independent.
Peter's big mistake is claiming that gold is a hedge against consumer price growth. It is of course not. It is a hedge against monetary inflation, but most of all its price reflects geopolitical risks. This is why the gold price is higher now than before the Fed raised rates. It is due to increased risk of major wars having gone up a lot and expectations of monetary easing.
Bidenomics is not a failure.
This is deliberate.
Has to be. Feel like I'm living in the twilight zone. I wonder how people are affording to live, but I see restaurants full on a Tuesday , New 90k cars, and paying 30% over what homes are actually worth
I don't know how people think inflation can come down while the government keeps on spending like drunken sailors. As humans we are creatures of consequence and tend to react after it's too late.
The data is better than expected if you own TIPS or I-Bonds. hehe
In Schiff we trust!
Buy BARRICK GOLD.
❤❤❤❤❤
Not understanding gold if inflation is up. Weaker dollar should = higher gold.
Most advisors at my firm are placing their clients in fixed income portfolios
Short-term treasuries or corporates make sense to me, not long term.
@@mlangbert true, but I’d still include some dividend stocks in a portfolio. I wouldn’t do fixed income because I think fed cutting would benefit equities more than bonds, because bond yields might continue to rise even if the fed is cutting the fed fund rate.
Unless the price of the metals explode it is extremely difficult to make millions on junior mining stocks. The majors will buy them way before you can make that kind of money on them!
If the FED makes their decisions based on the current temporary political situation that means they don’t care about the country but only for temporary politics. This should be another indicator that what they do or say is a charade.
Since covid inflation is the worst enemy of gold that becomes anti-hedge. The metal bottomed summer/fall 2022 when the y’y CPI was the highest and reversed with the disinflation trend. Each time trend doesn't deliver gold losses. Miners are an even worse place to be in.
Another thing that’s rising and heading to a new all-time high, is bitcoin, unlike gold
Hey do you think it's dumb to buy 1000 oz silver bars and 400 oz gold bars? That's the best price per oz right?
Yes, back up the truck
Why would it be dumb?
Lol@@draymond5067
@@mlangbertidk that's why I'm asking if it's not the best choice if you do have the money to buy in bulk like that what are the downsides?
A lot depends on why you're buying the bullion. If the peanut butter hits the fan and you need bullion for money, bulk won't work. So you want some small change in the form of silver ounces and small gold pieces like 10th-once gold rounds. If your aim is storage for long-term saving, then the bulk is optimal. Many people would want both, some in case of emergency (eg. there's a war and you need precious metals as money) and some just to save in case of a currency collapse and you need it for your pension fund. @@joefuentes2977
Can tell you haven’t requested we hit the like button lately Peter. You’re slipping buddy! Love the deep dives you can do now and get into things from a more personal standpoint now that you don’t have the FINRA crap to deal with. Peter’s leveled up. The gloves are off! 🙌
Please cut out SPONSORS!! Arent yt commercials enough for you?
8:34 I don't think you're right that the average consumer is buying necessities with credit card debt.
They also have been addicted to cheap money and want to continue that lifestyle.
If you're wrong about that, does that change your assessment?
joe got dementia