I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

@brucemichelle5689.

5 күн бұрын

Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.

@PatrickFitzgerald-cx6io

5 күн бұрын

I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.

@KaurKhangura

5 күн бұрын

Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

@PatrickFitzgerald-cx6io

5 күн бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@KaurKhangura

5 күн бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

@donna_martins

18 күн бұрын

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

@Walter_hill_

18 күн бұрын

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

@Marvinsettle

18 күн бұрын

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

@Walter_hill_

18 күн бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’vivian jean wilhelm” for the last five years or so, and her returns have been pretty much amazing.

@Marvinsettle

18 күн бұрын

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her

I'd like to watch a debate between Peter Schiff and every central banker😂😂😂😂😅😅

@collegestudent1980

20 күн бұрын

Same here

@CycleBreakersCommunity

20 күн бұрын

Central banks are buying gold so technically they are on the same page.

@prakash.srn.17

20 күн бұрын

Peter for fed chair!

@davidelliott2485

20 күн бұрын

ANY central banker

@rashardclarke6347

20 күн бұрын

@@prakash.srn.17 lollllllllllollllll

I would love to see Peter disguise himself as a reporter and ask J Powell questions during his next Q&A?

@EroticOnion23

20 күн бұрын

"Close the door, just close the fkkking door" -Jerry Powell, when the eco protesters crashed his meeting 😂

@nattypatty3667

20 күн бұрын

Puppet Powell

@MrAnderson3

20 күн бұрын

He might have to wear a different shirt 😂 "Hi Jerome, it's Seter Pchiff here from ABC News. Do you acknowledge the 2% inflation target was originally a ceiling not a target?"

@bellad1063

20 күн бұрын

@@MrAnderson3lol 😂

@romeupb5110

20 күн бұрын

Yes, O'Keefe style!

Warren Buffett had it right; Price is what you Pay, Value is what you get...

In Lebanon we had coins a couple of years ago. They completely disappeared, and now our bills are getting smalled, size of the paper, because it is too expensive to print large notes. I mean the size of the paper! Lol😂

@nattypatty3667

20 күн бұрын

My mom is Lebanese. That country is a complete joke now. Sad

@yammybolo222

20 күн бұрын

Is what happens with hyperinflation…the coins disappear because the metal content is worth more than the currency $ value printed on the coin…so ppl melt them down and pocket the difference…bad money drives out good money…Gresham’s law

@popsmrok

20 күн бұрын

Do people use the USA dollar to trade?

@mrleafbeef634

16 күн бұрын

lebanon currency = zimbabwe currency

@nealwhite5602

13 күн бұрын

all of our currency has dissapered , our dimes quarters and half dollars are no longer silver and pennies are no longer copper our government has robbed us 😀

"It was better than expected that it wasn't even worse... it's not good news" 😂😂😂

I trust all this man’s intelligence and information hope he always stays on line

@stefanonbekend8177

20 күн бұрын

I like Peter, but he is wrong about gold.

@Jakkaribik1

16 күн бұрын

@@stefanonbekend8177 Why ?? Gold is one of the Best things To Store or even Buy In for Long Term Secure Wealth

@stefanonbekend8177

16 күн бұрын

​@@Jakkaribik1When the US default on the national debt, gold goes down.

@Jakkaribik1

16 күн бұрын

@@stefanonbekend8177 Gold is just Real thus in Line with the World but at some point the Value Stops going down and will only go Up

Love you Peter!

So the federal reserve has been charging us an extra 2% tax yearly and now taxes us over 10% on top of income taxes. Nice

For once, Peter is wrong. Gold is not a better conductor of electricity than copper. Copper is #2 best. Silver is #1. Gold is #3. Followed by aluminum. However, gold has superior currosion resistant . That is why it's used in electronics.

@lawtutoring

20 күн бұрын

Doesn't that make gold better and more useful overall?

@seeker2118

20 күн бұрын

​@@lawtutoringEven if it is better relative to anything else for any industrial application. The fact that gold is considered a store of value, it will always be too expensive for almost any industrial application.

@stefanonbekend8177

20 күн бұрын

When the US default on the national debt, gold goes down.

@seeker2118

20 күн бұрын

@@stefanonbekend8177 If the US defaults on the national debt, that would erode faith in the dollar as a store of value. At that point countries and the very wealthy will need an alternative store of value without counter party risk, gold is always the historical alternative. This will create demand that would drive the value of gold up not down.

@cactiman

20 күн бұрын

@@lawtutoring It makes it good at what it does, but not as useful overall. Only 6% of gold is used in electronics. Limited amount of gold in plated contacts v sheer volume of copper/silver in traces and wires. I use silver in high end audio cable over copper, gold would be much worse. Almost 50% of gold is used for jewellery which is not a use case as jewellery is subjective.

Peter, please make a short video that crushes the corporate greed causes inflation argument so we can share it with people.

Great POD show. You tell it like it is.

Great show. I like that you do not need a “script”. The most intelligent people don’t need a script!

@user-hm5zb1qn6g

19 күн бұрын

Schiff can wing it for an hour without breaking a sweat.

"Inflation creates an illusion of wealth". That's a great line.

Went to Costco 2 days ago and i did notice the base price of aluminum foil went up from the old $19.99 to now $23. Good thing i stocked up back when it was on sale for $15

23:40 copper is a better conductor of electricity than gold. silver is the best, then copper, then gold. gold just doesnt oxidize, while copper and silver do, so gold wiring maintains conductivity better than copper or even silver do.

Peter, COPPER is the better conductor than GOLD. The best conductor is SILVER.

@risaias

20 күн бұрын

That's right. Gold is sometimes used because it's inert. So plating copper terminal with gold is sometimes necessary.

Thanks, Peter!!

Love Peter. Say what you want about missing profits in other stuff the past few years. Gold/silver are the only real currency when it comes down to it.

Reality is the ultimate CPI

Your efforts are appreciated

Rice and beans I’m 70 and 60% of my pension goes to taxes Property tax gas tax income tax sales tax gas tax .One thing is for certain in this world death and taxes😢

@lawtutoring

20 күн бұрын

Not really. You can relocate to a different country and pay less tax - even zero tax.

@evannyakabuski

20 күн бұрын

​@@lawtutoringRelocating to another country is not a real option for the majority of people.

@njs519

19 күн бұрын

Over 65 should have No property taxes it’s robbery

@avasdv

19 күн бұрын

I'm sorry to hear that

@nealwhite5602

19 күн бұрын

so far you're only getting the tax part 😅

Your personality is THE BEST 😂❤...always giving it straight!

Great show!!! Bringing up the copper penny deal… amazing!!!

Great show Peter!

Nobody does a better podcast with themselves than Peter Schiff and Michael Saylor.

41:45 100% correct

When you say target inflation is 2%, how do they measure the inflation? 'cause you can change the cpi or whatever formula you use to show 2% inflation even if the cpi is 4%...

@austintomkewitz3981

20 күн бұрын

Yeah exactly right I had a math class in high school they called distreet or something like that and it was all about different methods of data manipulation I dropped out the class dropped out of forensics and psychology didn't care in senior year

@darylroughley2807

17 күн бұрын

Check out “shadow government statistics “, this will show you the real inflationary figures, using the governments basket of goods used in 1980 before they started hiding and changing what was in their basket…hope this helps.

@justfedup

17 күн бұрын

I believe it started in Australia, and it was supposed to be the maximum not the target. Government is crooked. I wish us stackers got rewarded for fiscal discipline!

I remember watching TV when the dow hit 10k in like 2005 or 2006 I think. I was working at university of new Hampshire

Thank you, Peter! Have a nice vacation! :)

For flip's sake, Peter, have your editor lackey match the audio levels between the show and the Indeed ads! It keeps jolting me awake when I'm trying to drift into sleep with ASMR doomer vibes.

Spot on with your Walmart analysis. Upper middle class family from NJ now exclusively shops at Walmart for the past couple years now ! Walmart plus also great service

You are so right Peter ! A very sincere thank you.

Peter needs to interview Jerome….

@Lexman00

20 күн бұрын

Impossible for such a debate to ever happen. Not just central bankers, but most people in general don't like confrontation. They don't want to take the chance of getting their feelings hurt, or worse, becoming a meme. And they believe that if you like confrontation, you're an A-Hole.

Great podcast Peter!

Good episode!!

The Fed lost - farmer here, many farms are going to loose 100k to 500k just to keep going ... multiple businesses dumping inventory or going broke - looks a lot more a deflationary bust than stagflation to me

Peter, point of correction. Copper is actually a better conductor of electricity than gold. In fact copper is the second best conductor after only silver. The reason gold is preferred in many electronics is because it doesn't corrode. Because gold is expensive, manufacturers tend to gold-plate their electronics rather than use solid gold.

Great content Peter !

Thank you very much...

I got robbed once in Detroit I gave the guy Canadian tire money and he was like “waz dis honky “ I told him I’m from Canada that’s what we use .

@lawtutoring

20 күн бұрын

😂 nice one

@justfedup

17 күн бұрын

Priceless , even better that he is so uneducated on currency he took it😊

In 1982 half of the pennies were copper, they switched halfway through. nickels only had silver from 42-45 (war nickels) and pre 64 half dollars were 90% silver but 65-70 were 40% silver.

Peter you are the man.

1:1 gold to dow incoming

@Kevin-fn1rn

20 күн бұрын

🤡

This was an excellent podcast Peter. I absolutely love it when you price things in Gold and show this facade of an economy we’re in! And showing how the FED is full of it. Gold is Money Silver is Money. The dollar is a piece of paper fiat currency.

Fascinating but sad. Thanks for sharing your thoughts Peter !

You are a great speaker enjoy a lot

Good video.

Thank you, Professor Schiff😂😂

A day later gold is $2419.80 per ounce.

lets see P Schiff get into a fed question period . ill bring the popcorn !!

You're worth following no matter where you travel...will be awaiting your notifications!

Great podcast.

Make the Constitution great again!

What do you think of inflation bonds?

Holy Shit! What a great episode!!!

Tariffs sure worked for China. They levy tariffs on EVERYTHING from abroad. It’s made them a wealthy creditor nation. Remember, at one time the United States ran its entire government on foreign tariffs alone.

@justfedup

17 күн бұрын

News report, china is broke! Haven’t you heard about the state bailing out all the house builders.

You can tell Peter Schiff is an enthusiast for all things to do with Gold .....Even the skin on his face looks like Gold .!!!..🤗

Good discussion on David Lin with Art Laffer and Peter’s fave, Steve Hanke, about inflation and the central bank and Biden’s tariffs. Art Laffer’s opinion, when Trump did tariffs, is that Trump was actually trying to bring them to the table to have complete, unmanipulated free trade.

I look forward to seeing the value of a pre-82 Lincoln Cent reach 5 cents, but then I know how much worse the economic conditions will be when it does. Junk copper pennies will sell years later the same way pre-64 junk silver is sold, current spot is currently 3x face value, eventually to 5x to 10x fv thanks to inflation.

So many hours of listening so my guy is paying off! To the moonnnnnnnn yeah baby yeahhhhhhh

@thereignofthezero225

20 күн бұрын

Got some gold stocks? Haha

@andy2080

20 күн бұрын

About 70% silver /20% gold /10% GDXJ so I've been waiting on the 30 mark for the cup and handle technical to go sky- what about you - I'm 26 in the UK

@thereignofthezero225

20 күн бұрын

@@andy2080 cool. I have decent amounts of physical but also gambling on some btc because the narrative behind it is so strong and I think price will go up, regardless of what I think of the fundamentals behind it haha

@andy2080

20 күн бұрын

Silver is over five percent on the day and the dollar hit it's ceiling of a 0.2 rise but has since crash. Both charts are worth a look. The dollar crashing since the start of the month doesn't get talked about enough as it's the stick that we measure everything else

Have a good vacation. Wish I could do the same

Turns out gold didnt sell off this time

Gold is only 70% electrically conductive as copper, but a gold plating stops it from oxidizing

@lawtutoring

20 күн бұрын

Gold is more useful overall. More resistant to erosion.

@cactiman

20 күн бұрын

@@lawtutoring but you need just a thin plating for it to be effective. Too much supply not enough demand.

My wife is a team lead at Walmart and they are cutting a lot of employees hours.

Is modifying previous month import figures normal or were they hiding a big a jump?

You can go ahead and sort through pennies to get the pre-1981 ones 😂

Kroger has better prices than Wal-Mart.

32:30 in addition to copper pennies, nickels are now worth about 6 cents as well.

Peter, I think the ‘29 market is a good comparison to today because we are in bubble territory now too.

Still waiting on epdfx to be green again…

@MrVirginislandboy

20 күн бұрын

Buy red sell green...

End the system. End the insanity.

The price of Copper and silver are a direct result of government spending on solar.

A historical note here. Alexander Hamilton, or first secretary of the treasury, saved the United States from bankrupcy and financial collapse by persuading Congree to enact tariffs. Over the next forty years , the United States succeeded in paying off every penny of our national debt with this one tax. Much of this debbt was owed to France, who had oaid fir the American Revolution because the United States pre-constiution Continental Congress refused to appropriate even one enny to pay for its own revolution . Instead, it just printed up paper money to pay for everything, leading to the phrase, "not worth a continental." However, once Hamilton allowed people to trade in their Continentals for gold or silver coins produced by the newly established national mint. So it turned out that those who held on to their Continentals (many people did not), found out that they were worth something after all. If we had someone of Alexander Hamilton's moral calibre and grasp of economic principles to serve as out Secretary of the Treasury or Federal Reserve chairmaan. The U.s> economy would be doing fine. Finance d soloely by Tariffs and massive spending cuts. Of course, this is a phantasy. There is no one with Hamilton's genius around in our current crop of economists and bankers.

@thereignofthezero225

20 күн бұрын

Protectionism was definitely necessary during the time we were establishing this country. Hamilton was an interesting guy, as well as many of the other influential figures of that time. I read quite a few of his works back in the day

@randallkohn6089

19 күн бұрын

Hamilton was a central banker and the tariffs were supposed to be temporary “to establish fledgling industries” but as you can see it’s a permanent fixture. He knew what he was doing by enslaving the country to central banks. Doubtful he unilaterally “saved the country” because as the last 60 or 70 years shows us is that “deficits don’t matter”. When Jackson won the bank war that was the only period of relativity free banking in this country. They shut down as a result.

GE was the last of the original S&p I think right?

Too many commercials Peter. 😞

Tariffs are a good consumption tax, given our current debt levels. Why enact a consumption tax on domestic producers? Tariffs can be used offensively to punish and halt currency devaluation which is distorting economies around the world. I like tariffs.

I’m going more towards that Powell is a pathetic liar

Copper is a better conductor than gold. But copper has some downsides in application. Not inert like gold.

Stock prices get adjusted down for dividends, the loss on appreciation offsets the dividend payout, no net gain from dividends, dividends are a farce.

@lawtutoring

20 күн бұрын

There could be some exceptions where the dividend is huge. Like coal mining shares.

@Jakkaribik1

16 күн бұрын

The Dividend is more like another Income Stream if a good Company Is better than Inflation you earn more every Month

@nbleagle9561

15 күн бұрын

@@Jakkaribik1 that is the general assumption, in actuality, it’s a payment of the shareholders appreciation. There is no additional. The share price literally drops the same proportion of the dividend. The shareholder is not making money. It’s a wash, from unrealized appreciation gain, to reclassification of that gain into something called “a dividend” and distributed. Where the share holder now has to pay taxes on, unless sheltered. Nothing special/ beneficial about dividends, except companies that have the ability to play this shell game, (probably for their tax benefit, etc) are more likely to be producing profits and there for have share prices that will more likely continue to rise, in/ under fair liquid free market forces.

@Jakkaribik1

15 күн бұрын

@@nbleagle9561 Makes Sense Yes Still If you Have Dividends you can keep Earning like every Month and if it is a good Company it will only go up thus you get more over time because of the Increased time.

@Jakkaribik1

15 күн бұрын

Italy has a 26% Tax on the Stock market so yeah you need like Around €200K To Earn Minimum Wage

Hello Peter. Pls let me know if by any chance you touch Austria. I would love to sit down for a quick coffee or I could show you around Vienna hahaha. I’m a 24 y/o mechanical engineer & I have been listening to your podcast for a while now. It would be an honour. Cheers and enjoy

@vaasdaas9587

20 күн бұрын

Hi Eduardo, I also have degree in engineering but I am in Czech republic, not so far from Austria. Cheers

Schiff for GOP Nominee

Peter; you say, if you want prices to come down you need to increase supply but printing money is inflation. How can it be both (it is both but not from your philosophy)

Bit like King Arthur, "if a disaster occurs I will be back online"

Inflation is not tax. It's income, and tax free income at that!

@bogdanpopescu1401

19 күн бұрын

it's income for those who get hold of the new money, and tax for everybody

Of course Walmart is doing well - good recession play. Didn’t work for Big Lots and in CA, The 99cent stores went under (I believe they are in AZ, TX, and UT).

Stupid question maybe: I stack gold and silver but I pay a little extra to get different coins and bars, which makes for a nice collection. Bad decision or good decision long term?

@rustyshackleford2719

20 күн бұрын

good decision. You want to have some variety. Think of your stack as a football team. Bars are your linemen, different size coins and from different mints serve different purposes. Stacking the same thing makes it very boring.

@ixsandsxi7938

18 күн бұрын

@@rustyshackleford2719 Thanks for the advice. I never regret buying beautiful gold coins, even if they cost a little extra! Just fiat money away right haha

I’ve wondered why the fed created the $500 and the $1000 bill back then? And why aren’t the fed is not making it now?!?

So, tariffs are smart taxes unlike corporate taxes.

Pete, why are the gold miners not sharing in the rise of gold ?

You’re so good at explaining macroeconomics, even Jared Bernstein can understand… well…perhaps not.

Thanks for all you do Peter. Best podcast on KZread. Just another data point. Since 1933 the US dollar has lost 99.9916% of its purchasing power. Now one dollar has 0.0083 cents of buying power. That is mind boggling.

High school chemistry- “gold is a better conductor of electricity than copper”

All ferrous and non ferrous Scrap Metal are seeing * all time Highs - Across the Board 🎆 This is including all of the 😢Steel grades . Shred Steel dips down huge when there's little mfg demand for vehicles.. yet shred Steel,a low mixed grade is selling to Scrap Yards for over $250 a ton

Are you ever gonna upload on Locals again?

@peterschiff

20 күн бұрын

Yes, my guy made a mistake by not posting. Sorry about that. But the best play to watch will be on Schiff Sovereign Premium, which will also come with other perks for the same price.

@pellsquadfishing5815

19 күн бұрын

@@peterschiff Thanks Peter

Silver is the BEST conductor of electricity.

Why would we care about the dollar to gold ratio? An ounce of gold can be 20$ for 150 years, but that's meaningless if eggs are 20x more expensive.

@seeker2118

20 күн бұрын

Eggs would be 20* more expensive in relation to what?

@RichardNixon1971

20 күн бұрын

This is why I have my own chickens, we have not bought eggs in years ,we just buy expensive chicken food instead.

@John-ou4rm

20 күн бұрын

Because the fiat dollar is on its way out. The unsustainable deficits and govt debt means govt will all inflation to repay the debts which means dollar holdings will get devalued a lot. Don't hold cash. Hold basically any commodity, land or a business that can pass on inflation easily.

@randallkohn6089

19 күн бұрын

Because he’s demonstrating how it’s lost its value!

Indeflation. Now that we had some inflation, now we get deflation. OK, It's weird

better than aluminum wire = house fires