When Rubini started with "the US economy is doing pretty well", Schiff was like "the fuck is this guy in my team?"

@A-RonHubbard

3 ай бұрын

🤣IKR! There's not very many that are as bearish on the US economy as Peter Schiff is. Though Nouriel and Peter are at odds with that, they both agree when it comes to Bitcoin. I actually thought that Peter had more in common with Erik, and Nouriel with Anthony when it comes to the US Economy and traditional finance.

@Snookynibbles

3 ай бұрын

@@A-RonHubbard Can substitute “bearish on the economy” with “clear-thinking about.”

@banhammer3904

3 ай бұрын

@@A-RonHubbard I was surprised he said that, too. Millions of layoffs and people are still pretending the economy is just fine. The Great Depression was better than this.

@helterskelter156

3 ай бұрын

And they called Rubini “Dr. Doom”. You can’t make this up!

@Snookynibbles

3 ай бұрын

@@vintageaudionirvana2362 I’d suggest you gave a faulty oreintation. I’ve been invested with EuroPacific Capital for 18 years. A weakening dollar sees my Asian & PMs perform while dollar-denominated mutual funds suffer…and the converse is true. PMs are the life boats 🚤 on the ocean liner called “US Dollar”. We’re now in the phase of acceleration of our fiscal collapse that will lead to a monetary crisis. Presently, one can’t hardly own enough PMs….the bigger the life boat, the better.

Schiffs logic is solid as a bar of gold

@BullsEye3333

3 ай бұрын

@boracho9964 What in the holy hell are you talking about? Peter throws out all of his principals when it comes to bitcoin. Bitcoin solves so many of the problems he's been talking about for so long. Yet he says it's worthless just because it's digital.

@banhammer3904

3 ай бұрын

Not that it is digital but what is backing it? Hype doesn't count. What can you spend it on? Nothing because no one wants it.

@BullsEye3333

3 ай бұрын

@@banhammer3904 It's Peter's silly gold coins that you have to sell for real money (dollars or bitcoin) to buy something you really want.

@banhammer3904

3 ай бұрын

@@BullsEye3333 Yeah, that's not exactly correct. It's recognised legal tender in some states for settling payment. Are you going to use it in a store? Not likely.

@banhammer3904

3 ай бұрын

Six states, actually. Texas, Kansas, Utah, Oklahoma, Louisiana and Indiana.

At one point about a month ago, many KZreadrs essentially said 'ignore TA, the FA here is too strong'. What just played out was forecast by sharp TA. Moral: include savvy awareness of both, if you're trading. If your BTC time horizon is years, then FA alone is enough. Much appreciation for the channel and your work...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape......

@JasonGavino-dj6ze

2 ай бұрын

The internet is filled with so many useful information about Kerrie Farrell crypto..

@swayhulio

2 ай бұрын

Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate..

@LeightonCorrigan

2 ай бұрын

I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more..

@RomanLansang

2 ай бұрын

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades...

Excellent debate. As much as Bitcoin sounds like it fulfills the criteria for a currency, Roubini and Schiff clearly show the flaws that Bitcoiners either deny exist or can't fix, despite it's philosophical appeal to libertarians.

@islandbee

3 ай бұрын

Peter Schiff and Roubini have been using the same arguments that many have been addressed by the evolution of the technology of Bitcoin solutions, or just ignorant statements like Bitcoin being block chain letter. Bitcoin and chain letters is not even a comparison that has any validity.

@user-hc5hy3lm7k

3 ай бұрын

The most important criteria for money that the con bit does not fulfill is that it must exist in the real world, not in imaginary fantasy land as in an imaginary token. It does not require drawing a picture of a gold coin to fool people that an imaginary token exists in the real world.

@briangranger1741

3 ай бұрын

@MarkDice I have come to the exact same conclusion. over the years you pop up in my you tube experience and have always made me feel sane, thanks! 😀

@Andrew_2414

3 ай бұрын

@@user-hc5hy3lm7k so, 90% of international trade doesn’t rely on money. You don’t use money when you buy groceries, or shop on Amazon. If your definition of “money” includes a requirement that it must be physical, then you’re basically saying that money isn’t a common medium of exchange… which is the complete opposite of the common meaning of the word “money.”

@Andrew_2414

3 ай бұрын

They did nothing of the sort, they just displayed their intellectual dishonesty. Schiff rejects Austrian Economics only when talking about Bitcoin.

Roubini is insufferable

@bassmanjr100

3 ай бұрын

He should go pay some more taxes and shut up. The masses demand more payment.

@geoms6263

2 ай бұрын

he is just a sad person

First thing Roubini says is that the "economy is doing quite well" .............All credibility lost before he could even get started LMAO.

@Alloytribe86

3 ай бұрын

Yeah wtf was that. I wonder if he's adding in foreign markets in his analysis 😊

@rawjhaw

3 ай бұрын

he's an establishment shill - controlled oppo if you ask me

@bellad1063

3 ай бұрын

I am 😂😂😂 he can’t wait to shut the nonsense down and clean up the mess!!!

@vintageaudionirvana2362

3 ай бұрын

This guy is a complete jackass. Doesn’t understand technology at all . And seemingly doesn’t understand money . He compares bitcoin to sand, saying that sand is scarce, but it doesn’t have value. Wtf? Or that the deflationary currency cannot support an economy. The US had a deflationary currency for the first two hundred years of its existence . Anyone that wants to lose money should listen to this imbecile..

@iminlastplace

3 ай бұрын

😂😂fax 📠

scaramucci gives me weasel vibes

@Johnny-rj6ou

3 ай бұрын

100%. He would give used car salesmen a bad name. Checking his phone was a nice touch.

@landshark7154

3 ай бұрын

Websters should rename "taint" to "scaramuccii". It just seems right.

@aab-el9bd

3 ай бұрын

His use of the term "hershey highway".

@paulkieffer1189

3 ай бұрын

Schiff is the creepiest guy I’ve ever listened to.

@420Gold

3 ай бұрын

The Mooch!

I am always tremendously impressed at how strong a speaker Peter is -- no notes, just calmly and deliberately providing his arguments with a bare minimum of verbal slipups or ticks. He is a textbook on public speaking and debating.

@ntfsntfs5282

3 ай бұрын

And he is 61! Although Voorhees is good, too

@NaiveUkulele

3 ай бұрын

Yeah, he sounds pretty smart… until he starts talking about Bitcoin.

@ntfsntfs5282

3 ай бұрын

​@@NaiveUkuleleit's like you miss the point. Bitcoin is like a folder on smb's computer. It is most secure, unbreakable, limited folder on a computer system. You can store your files in the folder and it can be useful for you, but you can not make an earring from it, nothing physical can be done from it and that's why it is in Peter's opinion Santa Claus. And yet Bitcoin can and will go over 1M one day cause many find it useful to store their digitial nothing in digital folder and also because Sailor himself owns about 1% of the entire Bitcoin supply and will probably buy more. He is suceeding in cornering Bitcoin, nobody can prevent him from doing that, and once he trully corners it the price will go parabolic to 1M, even to 1B sucking in more and more fools. My crystal ball says some other country will soon adopt this digital folder as "legal tender" that nobody uses as a payment for goods (just like 99% of El Salvador's people). An African country as it will be easier to pribe goverment and boost Bitcoin even futher. Some will benefit from this buble that is far from over and many will loose every penny they put in it

@tekkertruth1256

3 сағат бұрын

​@@ntfsntfs5282voorhees is terrible! Poor arguments and no compelling arguments. He even ask questions that do not help his arguments.

God Bless you Peter Schiff. I’m on your camp 100%. You won hands down my friend. Gods money we trust!.

@michaelholmes8848

3 ай бұрын

Peter is a joke at this point and anyone who listens to him will lose money.

@andrewraffan1597

3 ай бұрын

@@michaelholmes8848 the jokes on you with your foolish , short sighted opinion.

@michaelholmes8848

3 ай бұрын

@@andrewraffan1597 it’s not an opinion, it’s a fact.

@michaelholmes8848

3 ай бұрын

@@andrewraffan1597 have a look at how poorly his fund is performing. Stack up the performance of gold v bitcoin over the last decade. Adjusted for inflation gold is trash.

@xxxbadapple

3 ай бұрын

Multi trillion dollar economy.. good luck finding the gold to back that. Have fun trading nuggets every where you go. Great plan.. Hey i'd like to buy something on ebay from japan.. ok just ship us this much gold.. hope the price doesn't change before it gets there. Just stupid

My corrupt to the core government knows where my Bitcoin is, but they don't know where my gold is.

@bahmak2003

3 ай бұрын

The stu pidity with this is strong 😂😂😂

@420Gold

3 ай бұрын

Your government can shut your power off tomorrow (as they likely run it) and stop you from using your crypto as well.

@frand1678

3 ай бұрын

Try selling more than 10k usd of gold without having to prove the source of the funds and without being suspected of money laundering ! Good luck !!

@Snookynibbles

3 ай бұрын

@@frand1678 Somewhat speculative. With hyperinflation, retail & medical would jump through hoops to receive the metal, a currency that holds purchasing power.

@Josh-xe5vi

3 ай бұрын

Just because they do, doesn't mean they needed to. Just like the gold, you could have purchased non-kyc.

the most opinionated and slated person in this debate was the moderator

@sorrycharlie4127

3 ай бұрын

Yeah that guy's got a giant forehead!

@craigenputtock

3 ай бұрын

Well let's face it, he did a good job in that lions' den

@rawjhaw

3 ай бұрын

every single one of these BTC/crypto cheerleader types are all paid shills in my opinion.

@JeffMartin1

3 ай бұрын

I'd like to see this same debate with Lyn Alden as moderator

@roguewave1060

3 ай бұрын

@@JeffMartin1 She is also totally pro BTC.

its hilarious that 15 years after BTC was created the only use case these guys can come up with is "well, i could send money to someone in Russia"

@TheAdamAdy

3 ай бұрын

Fixed supply?

@1984Cece

3 ай бұрын

The reason is because you can send anything that does not exist in second. Those are your meaningless arguments. Gold is the King.

@user-hc5hy3lm7k

3 ай бұрын

@@TheAdamAdy There is an infinite supply of pieces of nothing and blockchains of nothing !🤣

@V-Lo78

3 ай бұрын

And they would still have to covert it to their currency to use it.

@CG-uy6nk

3 ай бұрын

@@user-hc5hy3lm7k he says it has fixed supply, which is true, and your answer is "there is an infinite supply of pieces"? I mean wow, anyone reading me knows we're dealing with some kind of special individual

Peter is the only person in the world who can explain gold in a rational way . The Bitcoin guys have to jump thru hoops to explain their view.

Ahhhahaha. Schiff sitting on the same side of the table as a guy that said 'pay your fair share'... hahaha..Peter had to hold his hand down to stop it from backhanding.

@rawjhaw

3 ай бұрын

did you see how Pete was squirming in his chair as Nouriel first started talking about how good the economy is doing? LOL. And then when Peter started spitting the truth, Nouriel could do nothing but sit there and stare in silence like a deer in headlights, when he KNEW Peter was right.

@az4x4

2 ай бұрын

You got that right!

Lol “that’s a bit fishy” sponsor message

Gotta love Schiff calling out the gold advertiser... $10,000 in "free gold," that's a little "fishy"

@Jakkaribik1

2 ай бұрын

Free Money is not always good because People could Bail and just take the Bonus..

@Jakkaribik1

2 ай бұрын

Long Term Gold is the Key

team bitcoin looks like it does a lot of drugs

@nobodycares9494

3 ай бұрын

They must because if people wake up to the scam, they will be finished.

@Weak_juan

3 ай бұрын

Lol

@martinlutherkingjr.5582

3 ай бұрын

Better off with health conditions that require drugs to treat rather than being downright stupid. You cannot treat stupid. How do you 3 of 5 multisig any other commodity?

@markkovachis2932

3 ай бұрын

Mostly steak and eggs chief

@wasdwasdedsf

3 ай бұрын

scaramucci is a tds mental patient who has no redeeming qualities... who ever invites him fora nything again?

Schiff won.

@Andrew_2414

3 ай бұрын

No, he was intellectually dishonest as he always is on this topic.

@user-dy4jf4qq4x

3 ай бұрын

Always

@nicholasstabile445

3 ай бұрын

He was awful and made an ass of himself as usual. Erik got him with his 11 year thesis that has been detrimental to peoples portfolios. Roubini was the star.

@morningSTARranch

3 ай бұрын

Its amazing how people let themselves be deceived by matrix money

@BullsEye3333

3 ай бұрын

@@morningSTARranch First, what you call matrix money is the most secure, most decentralized, and only form of incorruptible money.

Rubini's argument that we should continue to use the US dollar because it's better regulated makes me think that people are somehow not smart enough to transact privately on their own. We need separation of money and state now more than ever before.

I stack gold and silver and abit of Platinum. I pull them out of the safe from time to time and play them in my hands. I have no intention of ever selling them unless I'm forced to. I also buy Bitcoin and Solana, my only intention is to one day i sell them for a profit. I love my metals.

Bitcoin's flaw is that there is no way to value it against real things. It has no weight -- only votes. In the long run this matters.

@user-hc5hy3lm7k

3 ай бұрын

Imaginary token, in an imaginary wallet, for imaginary wealth.

@nobodycares9494

3 ай бұрын

That's right, cause Bitcoin is as empty or maybe more than any fiat currency.

@stevenporter863

3 ай бұрын

Yes, people who invested in Bitcoin made a lot of money. So did people who bought PTON at 4 and sold at 170. Now about back at 4. Bitcoin is at the 170 about to fall off the cliff. Maybe not today, next week, month, etc. but soon. Like betting when the music stops.

I agree with Peter but he annoys me with gold only talk. Gold value because it is useful. True, jewelry, dental, a few electronic applications. Nothing compared to silver which has Ks. More than any commodity except petroleum. The amount of above ground tradable gold and silver are about even yet gold is trading at 88X silver. Silver has been used much more by ordinary people than gold. Gold and silver are God's money but how many working families have $2K left over at the end of the month to buy just 1 oz of gold but just about anyone can buy a few Ozs of silver from time to time. I believe silver is God's financial lifeline to ordinary working families.

eric voorhees and schiff are more philosophically aligned with each other than they are with the debate partners.

@olivier98

3 ай бұрын

Very true

@GreyMan1793

3 ай бұрын

100%

I'd like more discussion centered around an economy using a currency that does not inflate. There's a common belief that the supply of money must increase commensurate with the size of the economy. I'd love to see a debate centered on this belief and the reasons doubt it or believe it. Would not prices adjust as an economy grows in the context of a fixed money supply? Prices are not immutable, are they? Are prices not some of the most mutable things we can think of? Why do so many people believe that a growing economy will collapse if the money supply does not increase commensurately with the growth? Having that belief be widespread is of course convenient for the money printing class and their cantillionaire friends but is there any basis in logic or history for this belief? The moderator tried to get Voorhees to tackle this a little after the 50 minute mark after Roubini repeated this common deflation death spiral claim. Kudos to the moderator for that. I think it's one of the main objections many people have and therefore it deserves a debate centered around it in my opinion. Cheers

Go to any point in the debate and chances are Peter is not speaking. The debate was ok but I thought the moderator had it out for Peter.

@shirleymcdonald8441

3 ай бұрын

Guess what,your government has already taxed your future unrealized gains,your screwed!

@sojourneroftheland

3 ай бұрын

I think they figured out they had to keep him quiet to not completely shred the pro bitcoin side...too bad his partner picked the baton and piped up a ton more lol It was a decent debate though. If they hadnt doused his flames he would have stolen the show 100%

@rchicks22

3 ай бұрын

They never answered Peter’s question, “Why are Central Banks buying gold?”. Instead, the moderator went to commercial.

Again, Peter's mental acuity, knowledge of economics, history and general common sense shines through in this discussion. Hard to debate this man. He's on-point to the next level. I can see why Saylor hasn't done it.

@gerardoramirez5816

3 ай бұрын

God doesn’t debate with humans, he lets them learn from their mistakes once they have fallen in the hole. He has many other things to do.

@santoyoarmando81

3 ай бұрын

For all we know, Peter is satoshi. 😂🤣😂

mike drop:why are central banks buying gold

@sojourneroftheland

3 ай бұрын

I dont think the opposition ever answered that either...

@Jakkaribik1

2 ай бұрын

@@sojourneroftheland They Know Gold Is there For Every Rest of the next 2000 Years

@kitosoma187

2 ай бұрын

Same reason why they are buying, and mining bitcoin. Educate yourself. News every single damn day is about another government buying gold, bitcoin, and real-estate in other countries. It's about owning as many assets as possible.

Peter Schiff is to gold as Willie Wonka is to chocolate. He's the Willie Wonka of money....

@4eyefoxbodyfanclub625

3 ай бұрын

I like to think Peter Schiff is to gold as Jim Jones is to religion. Peters' gold, Jims Guyana punch....same thing man.

There is something desperately wrong with the state of he Union.

Roubini got in a couple of good jabs at Schiff when he commented two separate times about investors running to Puerto Rico with their money. Lol

start off: 2:00:00

Team bitcoin’s only argument was “I can send x million dollars in bitcoin in 5 minutes”. Make of that what you will.

2:43:52 Roubini (annoyingly) give real reasons why bitcoin can't be a currency. 1. not a unit of account 2. not scalable payment transactions 3. not stable store of value (btc conferences charge in dollars was the best point) 4. alt-coins alternatives 5. fixed supply cap will lead to deflation when all coins are mined 6. doesnt even work when tried in El Salvador 2:48:34 Voorhees' only answer is "i can send a million dollars to europe in 5 minutes" really??

@coolisfoolable

3 ай бұрын

I can send 10 farts a day to Europe. Would they accept that as a currency? Cuz I'd be super rich by now.

@CG-uy6nk

3 ай бұрын

his points are extremely weak because that doesn't mean it can't become all of that in the future

@mdevvvo

3 ай бұрын

@@CG-uy6nk I don't see how it could be any of those things in the future. the fix supply and transactions are fixed in code. its been 15 years since invented. what's it waiting for?

@CG-uy6nk

3 ай бұрын

@@mdevvvo the fixed supply is a good thing. transactions are not fixed and it can scale to millions of transactions already. it's been 15 years and how much has the level of demand increased? isn't that enough for you? besides that, bitcoin cannot be really world money before the dollar debt system collapse. let's not hope for an immediate collapse. we're talking about the life of billions of people. let it grow slowly and surely, that's the best approach. that's what's happening.

@mdevvvo

3 ай бұрын

@@CG-uy6nk Fixed money supply is not a good thing. it will lead to hoarding and wealth inequality (the whole mantra of btc is HOLD lol). The next generation don't be able to get bitcoin because they were all mined by the previous generation. yeah, its great for the millennials who got it being mined, wont work so great for people born in the future.

Most bitcoin bulls agree that gold has value. Most gold bulls seem to think that bitcoin is worthless even though it has a value 30X of gold. You don't have to choose one over the other. You can own both.

@TrueGenerations

3 ай бұрын

Gold bulls -> understand real money. Bitcoin bulls -> “price go up, down, up, up, down, up…must be real money.” 😂

@Ziegfried82

3 ай бұрын

@@TrueGenerations yeah beginners who know zero about investing want to lecture us about what real money is. They don't understand how money works. All the stocks are (theoretically) based on company performance. Gold's value is as a store of wealth. Gold is proven over thousands of years. Crypto on the other hand is not providing goods, services, anything of the sort. They simply tell us that it is a store of value because they say so. It's not a stock, and it's not gold. It's certainly nothing like a currency.

@rchicks22

3 ай бұрын

Bitcoin’s not 30x gold lol. Gold’s market cap is 15x-20x of Bitcoin’s.

@reiner164

2 ай бұрын

@@Ziegfried82 A big part of Bitcoin's allure is its decentralization and the impossibility for a central authority to devalue it. This is the main selling point that Bitcoiners often miss, its other uses are all of little importance if they exist at all. Bitcoin as a store of wealth goes to 150k I believe, although I may be wrong.

Schiff was on another level of common sense and reality compared to the others.

Peter you are the best

Beware of unearned resources.

@Snookynibbles

3 ай бұрын

Huh?! You have to earn $$ to buy them.

@rogerburn5132

3 ай бұрын

Yeah The Federal Reserve Bank Printing Forever program 😂

@NaiveUkulele

3 ай бұрын

Such as?

I thought the comment about the tooth fairy and Santa Claus was hilarious. I enjoyed the debate

Moderator was bias AF.

@flinch622

3 ай бұрын

Everybody has bias. If they are open about it, an intelligent discussion can follow.

@pelouch8474

3 ай бұрын

Are you dumb or are you just pretending? The moderator is supposed to act unbiased, leave his biases out of the show. That's why he's there. Zero hedge screwed things up with this one.

@KrukMike

3 ай бұрын

He disclosed he was a bitcoin holder, albeit a bit late. Plus he had to push sponsor that sells gold.

Calm bitcoiners...Screaming Professor...and Mr gold in between...unfortunately a Bad disscussion...but the bitcoiners were very calm and polite...great!

Gold has always been money 💲 📈

@Andrew_2414

3 ай бұрын

Actually no, it hasn’t.

@stlouisix3

3 ай бұрын

Since Genesis, gold has been money 💵 💲

@Andrew_2414

3 ай бұрын

@@stlouisix3 False. Whether you believe the Earth is only 6000 years ago (as I believe you are suggesting), or much older, there was certainly a time when humans existed and they had not yet discovered gold, nor learned how to extract it and refine it. In those days they used something else: beads, wampum, salt, cattle, Rai stones, etc.

@Ziegfried82

3 ай бұрын

@@Andrew_2414 since the beginning of human civilization it has been money. Do you really want to try to argue against that? Are you really going to try to say primitive tribes count as "civilization"?!

@peternee9641

3 ай бұрын

Gold has done nothing 😂😂​@@stlouisix3

Shiff was right. He's still right. Surprised big brother allows him to speak.

2:41:36 Bitcoin Cash is the same coin. You can use Bitcoin Cash for exactly the same use cases as Bitcoin

Bitcoin is supposedly the people's money yet has a worse wealth distribution pattern than North Korea? 🤣 Gold's 1980 high is not an appropriate reference point. There were specific economic and historical forces that led to its unprecedented rise.

@Ziegfried82

3 ай бұрын

Yeah it's laughable. It's in the hand of a small few and it's best use case is money laundering.

@CG-uy6nk

3 ай бұрын

@@Ziegfried82 go tax the wealthy then if that's the world you want to live in. bitcoin or not, it's the same.

As an owner of some bitcoin i can say schiff is totally right haha. I hold it just because it has a price, and because i expect that price to go up. Nothing more

@ntfsntfs5282

3 ай бұрын

it most likely will reach 1M and even 1B. 7+ B people out there, so still a lot of FOMO ahead

@thereignofthezero225

3 ай бұрын

@ntfsntfs5282 will the price of tp at the local dollar store be 5 million at that point though? Haha

@thereignofthezero225

3 ай бұрын

@ntfsntfs5282 honestly the gov will probably find some way to destroy bitcoin. Won't be hard with all this new AI tech

@ralfbo685

3 ай бұрын

​@@thereignofthezero225 keep studying, you don't understand yet

@thereignofthezero225

3 ай бұрын

@@ralfbo685 I don't understand most of the bs that's going on these days 🤷

Thank you to the team that put this group of people together. This is world class.

What is the war room posse?

And if you think jet planes actually took down those two buildings, you are obviously not a civil engineer.

@larrykillman7944

3 ай бұрын

You got that right! It was engineered well ahead of time...

Peter definilty won the debate.

Thanks for posting

Schiff right out the gate: I disagree with my debate partner 😂😂😂

@iminlastplace

3 ай бұрын

Roubini: bitcoin is a glorified Google doc😂😂

@coolisfoolable

3 ай бұрын

😂😂😂😂😂😂😂😂😂😂

@cactiman

3 ай бұрын

@@iminlastplace that's a retarded statement, Google is a megacorp. The antithesis of Satoshi.

Robert Kiyosaki.... economic expert lol

@KrukMike

3 ай бұрын

Yeah, that was tough. Sales expert absolutely l. Economic not so much.

2:34:15 this is why I love Schiff

@ntfsntfs5282

3 ай бұрын

please, update you timestamp

How do I aquire bitcoin? I use money. When spend my bitcoin how do I aquire more? Cash. What am I missing?

@jensbond93

2 ай бұрын

You can mine it or buy it from extanges

👏👏👏Peter Schiff!

We need a Schiff vs Saylor.

@24theMoney

3 ай бұрын

Saylor is too scared. He would run away like at that conference when he heard Schiff was going to be there.

They talk over each other so much they need one mic to pass around like the talking stick in kindergarten.

@Jakkaribik1

2 ай бұрын

Once Gold is there the other People will not be seen Online

petero and Roubini microphones are bad quality while the other 2 guys speak in HD..... why ?

@sojourneroftheland

3 ай бұрын

I noticed that too...

Imagine trying to have a debate when someone is constantly grabbing your arm.

I really like these types of debates

Schiff hits you between the eyes with sound truth...👍

@peternee9641

3 ай бұрын

What planet are you living on 😂😂😂

@Snookynibbles

3 ай бұрын

@@peternee9641 The planet that’s seen a 20% averaged increase in my gold investments since 2009.

@giborchayil

3 ай бұрын

@@peternee9641 A really fucked up one run by a cabal of lawless elite empowered by hasatan...🤫

@Snookynibbles

3 ай бұрын

@@peternee9641 …the one espousing facts.

Of course the government employee Roubini pays all of his taxes (he doesn't have a choice, they take it right from his over inflated paycheck), and of course he thinks people who legally limit their tax liabilities are scum (without taxes he would need to get a real job and produce something real).

These isn’t one country on earth where you can shop with Bitcoin, whether their country considers it their national currency or not. Prove me wrong.

@CarlosGonzales-wm8xx

3 ай бұрын

Doesn't El Salvador use it in their stores? Or are we being lied to?

Crypto guys are not very savvy in regards to history or real money...🤔

@bahmak2003

2 ай бұрын

Gold bugs guys are not very savvy in regards to history or real money. Money is a mental construct to solve the problem of barter historically. Bitcoin can solve the problem of barter better than gold.

I don't understand how the Fed still is aiming to get to 2% inflation on top of the 30% we have experienced in the last couple of years. To achieve an average of 2% wouldn't we need to see a large deflation now? Or are we expected to pay these terrible inflated prices forever?

@KatieCopley

3 ай бұрын

Forever. Unless the economy crashes but then they print more and give us more inflation. This is why some Republicans (Tea Party) wanted to shut the govt down. They are killing the little guy.

@Andrew_2414

3 ай бұрын

We definitely won’t achieve an average of 2% if the averaging period is limited to only the 2020s. Not that it matters; CPI data is bogus. Real price increases of a constant basket of goods was probably more like 4% before the plandemic.

@Alloytribe86

3 ай бұрын

Deflation will hurt the poor even more. We are screwed.

@Andrew_2414

3 ай бұрын

@@Alloytribe86 Ummm… no, that’s axiomatically incorrect. Deflation is actually better for the most impoverished people. For the man who has no debt because he has no money, lower real prices means he doesn’t have to work as hard to acquire the same stuff.

@sojourneroftheland

3 ай бұрын

I dont think we are supposed to know its at 30%...its actually only 3.5% shhh

How many btc does the federal reaerve have?

@jensbond93

2 ай бұрын

the Treasury is sitting on a stash of 207,189 bitcoin

The Hershey Highway 😂😂😂😂😂

Out of all the financial institutions on KZread you are the only one who gives the easiest way to get rich. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ....Imagine investing $2,000 and receiving $10,450 in 4days.*

@GeorgeKent-oi6qz

3 ай бұрын

The crypt0 market is bringing a different revolution in the world economy. People who are optimistic investor will earn consistent why the others will sit back and watch.

@VictoriaBenson-vg3lo

3 ай бұрын

I think to combat the negatives effect of inflthinkation, it's a good idea to diversify your portfolio across different asset classes, since this can help protect your portfolio against inflation.

@LibyanHagrieve

3 ай бұрын

*I would really love to know how much work you did put in to get to the stage..what are the strategy*

@SarahWeeth

3 ай бұрын

*Getting Laura Ferguson really helped me pay off all my debts.I started with what I had left and it was the best decision I ever made*

@RechardAnord

3 ай бұрын

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.

I'm embarrassed for team bitcoin. They seem like smart well meaning people but...

@alfredoddiaz8306

3 ай бұрын

I think they were worried of being disrespectful to their elders. But think they could have really won in a better debate.

@skylark_yt

3 ай бұрын

They’re also increasingly wealthy relative to gold holders.

Interesting. Roubini rather disappointing. Needed to resort to screaming and foul language and - in my eyes - got owned. The other three had interesting things to say. Scaramucci was an interesting revelation. Voorhees was interesting, too, although less convincing than Scarramucci. Schiff I know and to the most part I agree with him. Overall, my conviction in gold stayed the same and as much as I am sympathetic to BTC and its proponents, they just are not able to convince me. BTC will go to 0 or the opposite. So, it is worth a risk in terms of getting rich, I suppose, if you have money that you can afford to lose. But this notion of being a currency, digital gold, a digital asset, ... nobody could provide proper definitions and I get the impression that these notions are more marketing/sales slogans than actual concepts. At 3:30:40 the moderator interjected 'it's not relevant ...' . He was supposed to let the debaters speak and make their points, he did not do that here at all. In this case, Roubini made a valid point, and it was very relevant. Even if it, indeed had not been relevant it would have been for other debaters to point that out, not the moderator. So, the moderator, despite seemingly being a nice guy, seems a bit inexperienced, and hence, needs to hone his skills as a moderator of debates.

15:26 "We can all agree MMT doesn't work?" Schiff: "Yes, but it's not modern, and it's not even a theory"

Schiff's debate partner is useless. Schiff could have destroyed the bitcoiners by himself if given the opportunity to make his case.

@barakcohen3612

3 ай бұрын

He was very sharp and knowledgeable i learned from him alot

Anyone not blind or ignorant can see bitcoin volatility is decreasing over time, Peter and Roubini chose to be ignorant.

Just give us 4 hours of Peter!

Stick it up the Hershey highway 😂 lol what???

I would rather have a physical something.. Then a digital maybe.

@northofeden1802

3 ай бұрын

This may sound cool, but makes absolutely no sense. you use youtube a digital something, you're on twitter a digital something. A good portion of your life functions on "digital somethings" . all that bitcoin does is give you ability to have direct ownership in these digital networked that are the underpinnings of modern society.

@Snookynibbles

3 ай бұрын

@@northofeden1802 That good portion of one’s life spent online, perhaps gaming, social media…is all by & large a phantom, a flimsy facade for reality. Fact is, it’s a carefully crafted fantasy world redirecting away from reality. Reality is what’s real, wgat we can see, touch, feel…what we can count on. This mind game power-play over humanity has set the stage for scams. Time will tell just how Bitcoin plays out, yet akteady it’s fraught with perils: 1.) it’s not real money…real monies are tangible commodities that possess intrinsic in the marketplace…utility in industry, medic, technology hardware, jewelry, etc.; 2.) It’s subject to online theivery; 3.) it’s value is impossible to determine insofar as Bitcoin is a highly speculative instrument. PMs draw speculators, but few relative those holding them as a hedge against inflation; 4.) What security (the Blockchain) the human mind can create, in time the human mind can hack. PMs can’t be hacked, they have to be mined at extreme costs.

@Snookynibbles

3 ай бұрын

@@northofeden1802 That good portion of one’s life spent online, perhaps gaming, social media…is all by & large a phantom, a flimsy facade for reality. Fact is, it’s a carefully crafted fantasy world redirecting away from reality. Reality is what’s real, wgat we can see, touch, feel…what we can count on. This mind game power-play over humanity has set the stage for scams. Time will tell just how Bitcoin plays out, yet akteady it’s fraught with perils: 1.) it’s not real money…real monies are tangible commodities that possess intrinsic in the marketplace…utility in industry, medic, technology hardware, jewelry, etc.; 2.) It’s subject to online theivery; 3.) it’s value is impossible to determine insofar as Bitcoin is a highly speculative instrument. PMs draw speculators, but few relative those holding them as a hedge against inflation; 4.) What security (the Blockchain) the human mind can create, in time the human mind can hack. PMs can’t be hacked, they have to be mined at extreme costs.

@coindealer3309

3 ай бұрын

@northofeden1802 if you throw your phone at a mirror you can break that mirror. If you throw you digital coins it won't break anything. Also without electricity or internet and passwords . Your digital world and crypto doesn't exist. When firing a gun it's hard to get hurt with a digital bullet. Gold and silver do not need passwords encryption internet or electricity. Also silver bullets can kill real werewolves. That's sound pretty cool to me.

@komplex6081

Ай бұрын

Ya and I can take it from you if I wanted if it's physical

I would not want to be on the other side of Peter and Nuriel

Supposedly you can vacuum seal silver mylar with a chamber vacuum sealer. I only use a standard vacuum sealer, so can't say for sure. You check it out.

Who won?

@bigb6046

3 ай бұрын

Once again , Schiff will be right in the end.

The Bitcoin team demonstrated far better logic and consistency in their arguments. I love gold, but you guys presented weak arguments against the Bitcoin case and contradicted yourselves. Nouriel particularly was unhinged and couldn't keep his arguments straight.

My husbands wallet is full of irreplaceable video game tokens from his repair route

Always a breath of fresh air to hear peter speak truths

I had tested some old radish and red clover sprouting seeds I had bought back in 2010. They were still in the original bags stored in the back of the fridge and the clover seeds were in the freezer for a few years. These 14-year old seeds still worked great! Only thing is, I can't chew em...teeth are shot. But I can still get some nutrition using them in a smoothy. Just be aware, some of these sprouts are spicy! When I lived in L.A., I used to like to go to Korea Town and buy soy bean sprouts. Very substantial and works well in stir fry. Mung bean sprouts were the most common sprouts sold at Safeway, Hughes, Alpha Beta and Ralphs back in the day. But I can't chew any of them any more. I gave up making sprouts ages ago. I used to buy alfalfa, radish, broccoli, red clover sprouting seeds by the pound. They were all pretty cheap back then. Now they are crazy priced. Looks like sprouting seed prices have about tripled from 2010. In 2010 I paid $6.76 for 1 pound of radish sprout seeds. Red clover seeds were also cheap. I'd sprout seeds in canning jars with the sprout lids. Indoor sprouting is the easiest way to get some fresh greens, especially if you are an apartment dweller. By 2011 I was on my way for a massive YOLO spending spree that lasted until 2022 and didn't want to bother making sprouts or worrying about prepping. You know the deal...nothing ever happens! I used to buy lots of store-bought sprouts if I didn't want to bother making sprouts, but no more in the Rustbelt. They could not sell them without bacteria it seems, so markets quit selling them. Sunflower greens are also nice for home sprouting for sandwiches. Or grow wheatgrass for juice. (I never liked wheat grass juice.) Around 2008 I used to have a big shelf unit growing microgreens in the house. Took lots of energy and light. Lights were on from 6 AM to midnight. I gave it up after a couple of years. Although it would have been good to keep for sprouting seeds for the garden. But I don't garden anymore...I just grow fruit trees. To be a good gardener, you gotta be a slave to the garden. Fruit trees, some of them, can be left alone and still produce food. Once mature, trees in a temperate climate generally find their own water. Unless you are in a massive drought or live in the Mojave Desert. If you urban preppers can't garden because of marauders, yam greens grow easily indoors and make lots of leaves. Just plant a yam in a flowerpot and put it near some light. I got mine near the window. I use them in smoothies. Can't chew whole leaves as teeth are shot. White sweet potatoes also grow indoors but sprout slower. Once they sprout, they grow very good.

Good debate but the fact is gold and silver have been around for thousands of years and are a proven store of wealth, bitcoin has been around for seconds in comparison and will be lucky to have a lifespan of 20 years.

@BullsEye3333

3 ай бұрын

@donovanmyers7600 First of all, HAHAHAHA!!! Sure dude at 20 years we're going to give up incorruptible, decentralized, trustless, unseizable, borderless, set supply, peer to peer, unstoppable, money.

@BullsEye3333

3 ай бұрын

@donovanmyers7600 Second, If gold worked then we would be using it as money today and bitcoin would have never been invented.

@BullsEye3333

3 ай бұрын

@donovanmyers7600 Third, gold can't even keep up with the rigged inflation rate, let alone the real rate.

@BullsEye3333

3 ай бұрын

@donovanmyers7600 And fourth, silver is really bad and you are flat out lying when you call it a store of wealth because it was $50 way back in 1980.

@Andrew_2414

3 ай бұрын

It has a lifespan of 15 years already. Lindy effect says that it’s quite likely that it will be around for at least 15 more years, which would put it at 30.

LOL, smart guy believes we are at 2-3% inflation...🤭

@sojourneroftheland

3 ай бұрын

Lol read your comment at the same moment "smart guy" said that😂. It is pretty amazing really

1:55:10

Does anybody there have a camera purchased post covid?

Bitcoiners have no depth of thought.

@michaelherrera116

3 ай бұрын

That's because their hopes and dreams stored in bitcoin

@jesseward5597

3 ай бұрын

Yep. Rich! Cheers bitcoin 😂

@CG-uy6nk

3 ай бұрын

comments like this makes me believe gold bugs have some kind of mental illness. do your brain automatically deletes memories when roubini says something completely irrational, or how does that work

@tolun99

3 ай бұрын

Look up Jeff Booth. There's plenty of depth if you actually look for it.

@Snookynibbles

3 ай бұрын

@@jesseward5597 Same kind of cheers that circulate among the delusional gambling crowd of Las Vegas until the bottom falls out…then it’s 😭 Boo-Hoo.

Great conversation, If Bitcoin was still bitcoin and followed the Bitcoin white paper I would believe in it. Unfortunately what bitcoin has turned into with high transaction fees and slow transaction speeds makes it so it can't scale. Bitcoin was created for cheap and fast peer to peer transactions.All it's good for now is speculation. Maybe a different blockchain will take its place. For now I'm going to be team Peter.

@bentaye

3 ай бұрын

There are layers. The lightning network is Bitcoin.

@rvarchol

3 ай бұрын

@@bentaye I understand that but the Lightning network is centralized which completed ruins the decentralization narrative for Bitcoin. A scalable blockchain shouldn't need a second layer to work. The original bitcoin protocol scaled. Look at BCH or BSV, both are capable of cheap and fast transactions because they follow the white paper.

5 intelligent people who are having a discussion without a shared awareness, understanding, and agreement of the definition/ontology of bitcoin and the ontology of gold and how they are related. Great opinions though!

So how are the roads. LMAO.

Why are the old guys more aggressive ? Is that how old technology works? 😂😂 new tech usually calm and straight to the point.

@supermash1

3 ай бұрын

For instance?

@Jakkaribik1

2 ай бұрын

The New Guys Rarely Speak because there is no good incentive to talk when you have a new system and many many things speak against you.. Peter Spoke Fine and Much for People to Fact Check..

@magnele4711

2 ай бұрын

Bitcoinpeople says it take three days to transfer dollars. Rubbish. USD transactions between Norway and USA take hours not days.

@magnele4711

2 ай бұрын

@@Jakkaribik1. I am confused. Do the bitcoinpeople think they have created a moneymachine?

@Jakkaribik1

2 ай бұрын

@@magnele4711 Yes Crypto is for 90% not a Money Machine and only 10% maby make it better selling and converting to €

I say we start a new drinking game, everytime Mr Schiff says bitcoin is going to be worthless, ...

@atulkumaryadav3047

3 ай бұрын

I am not addicted so I am gonna pass this loosing battle

@Have.An.AmicoDay

3 ай бұрын

you will die of liver disease in 3 weeks... its the most frustrating thing in the world though... Bitcoin and Gold should have its values flipped/reversed.. Bitcoin is nothing but digital crap, Peter is right on that... but we in this wicked perverse alternate universe... the correct clicks on a computer worth multiples of what gold is... kinda sad.

Vivek did a great job as moderator.

Erik "I'll grant it" Voorhees

Creepy bitcoin guy answers everything with a question and likes to attack the individual rather than the subject matter

@bigb6046

3 ай бұрын

Nerd! LOL

@RostamiMehdi

3 ай бұрын

😂😂😂

@jonnowee983

3 ай бұрын

If I was an oil sheikh, guess which one I would take as settlement for my oil? Money is just a medium of exchange but oil has value & many uses. In absence of money, I would take something which has value to me in exchange for my oil. If anyone can answer this question, that's the million dollar answer. No arguments once this basic question is answered truthfully. Any other stuff is just pure distraction & fakery.

@anglobear2027

2 ай бұрын

​@@jonnowee983 Gold

I disagree with Peter, but he does a great job expressing his points. Roubini was so annoying. He kept yelling and sounded so angry, and didn't make very good arguments.

@ramonserna8089

3 ай бұрын

I think he made some great points. He is just from the school of yelling grampa his position.

@JeffMartin1

3 ай бұрын

Not a fan but he was absolutely critical to this debate

@user-ik3he9vh7b

3 ай бұрын

Roubini knows what he's talking about. Either you are totally snowed on Bitcoin or you don't understand what Roubini is saying, or both.

@RandyRobson

3 ай бұрын

@@user-ik3he9vh7b Um, no.

How many Bitcoin forks have their been? How many more can there be? Why is that not figured into the scarcity?

Debate starts at 2:00:00

The feds made gold illegal to own at one point.

@aab-el9bd

2 ай бұрын

not silver

@libertyhart3273

Ай бұрын

They can do that to Bitcoin even easier. At least you can physically hide your Gold coins, the feds can turn the Bitcoin network off easily.