I can’t believe this video was made 9 years ago. This man was ahead of his time. In 2022 we are facing the very same problem.

@3EBstudio

2 жыл бұрын

History sure does rhyme if it don’t repeat

@rahimalibhai8163

2 жыл бұрын

@@3EBstudio I don’t think history is repeating itself. The problem never went away in the first place.

@3EBstudio

2 жыл бұрын

I hear a beat though, sounds familiar

@nick101984

2 жыл бұрын

Since 2008 the problem has only ballooned. He analyzed the issue and said no way this can continue for another couple years. But they were able to put band aids on it. But with COVID and all that NOPE that is the final nail in the coffi. We have 20% inflation now. Soon there going to have to raise the interest rates. Then thus whole BS economy comes tumbling down.

@JohnDoe-tj8rq

2 жыл бұрын

He was completely wrong. USD has greatly strengthened against the Euro.

Weird how this was 8 years ago and it sounds so relevant to today.

@irszgatti

3 жыл бұрын

Exatly what i was thinking.

@donjohnson7597

3 жыл бұрын

@AB-sv5rf

3 жыл бұрын

I actually didn't initially realise it was that old and thought it was recent.

@LAFerrariZack

3 жыл бұрын

I literty thought he was talking about the know until I saw this comment 😂

@benzedrex

3 жыл бұрын

Peter Schiff was right (as usual)

10 years on, we're living through a silent depression that the government refuses to acknowledge.

@harryholiday5356

2 жыл бұрын

the world has been in a controlled depression since june 1971. The people have lost control over their lives for generations to come. Just 'suck it up' and get ready for some long term hard times.

@dustinraymond9403

2 жыл бұрын

Well partly also, this would have been apparent and would have been more timely if "they" didnt prop the whole system up to put some distance between the dots if you know what i mean......

@Clubrat

2 жыл бұрын

Yes! Sucks for the young growing up with this government incompetence. The craziest thing of all is that people actually believe we should go to communism to “solve” the problem…..

@trupomp4906

2 жыл бұрын

They created it.

@Jason-gg3hj

2 жыл бұрын

Yall should read up on the conspiracies 1900 the last president, project blue beam, and the decline of America these are pretty old but very similar even to which party was the minority in the house. FYI it's everyone in DC that's corrupt they intentionally screw everything up than rig the election against a businessman from NY and the republic collapses after the corrupt takes the rigged presidency which would make Trump the last president setting up for the 2nd Civil war and Biden with a totalitarian dictatorship

Watching it in November 2021: The fact that Peter's videos make sense 10 years later is the proof that he is right. The more time goes on, the more right he is.

@JinKee

2 жыл бұрын

but he is too early

@RamSamudrala

2 жыл бұрын

The fact that he was ten years wrong means he was entirely wrong. This is ridiculous: he didn't say "In 2021, the US will become Greece." This is from ten years ago he was totally wrong at that time. The US hasn't and won't become Greece because it has control of its own currency. It may become Weimar Germany but not Greece. Even a broken clock...

@RamSamudrala

2 жыл бұрын

@Sleeping Dog What conditions today in the US (in terms of real impacts) are similar to Greece of 2011? We are so far away from that it's hyperbole to make this comparison. Going forward in the future, the US MAY be Venezuela or Zambia but not Greece.

@Last-Day.light-

2 жыл бұрын

More like Rome. Once world moves away from oil, petro dollar will lose as reserve currency. Then, we will be minting trillion dollar coins and USA will pay hefty price to pay expensive imports. Then, other countries will find it cheaper to USA to manufacture for their country.

@rrssmooth6643

2 жыл бұрын

Neat to go back and seeing the future being told.

Now is such a fitting time for this video. Even more relevant today than when this was made.

@saltys5stargeneral541

3 жыл бұрын

Damn bro beat me to it lmao. Fuckn truer now than ever

@iCanSeeWhatMostCant

3 жыл бұрын

@@saltys5stargeneral541 Shit bro, you beat me to posting that he beat me to it lmao! It's only going to get fuckn truer!

@freddieg7131

3 жыл бұрын

@@iCanSeeWhatMostCant No way bro! You beat me to posting that he beat you to posting that he was beaten to posting it!

@NimblePerspective

3 жыл бұрын

@@freddieg7131 🤣

@cryopunch

3 жыл бұрын

No no no, damn bro you beat me to it..

This video is 8 years old, but yet more relevant that ever, with all the new debt and stimulus in 2021.

@pulsefire3467

3 жыл бұрын

Now it's much worse.

@whoeverelse

3 жыл бұрын

Just wait til til the legislation for the Mint to be able to print a $1trillion platinum coin to give to the Reserve to help with further stimulus.

@m.l.5284

3 жыл бұрын

@@whoeverelse You feel the inflation, before you get the cheque. Or you get inflation and no cheque. Nice stimulus.

@plmainville

3 жыл бұрын

huh, he has been clearly proven wrong. America is not Greece. We can print money they can't.

@m.l.5284

3 жыл бұрын

@@plmainville the ECB (European Central Bank) prints money for Greek and hand it out as a loan with no obligation to pay back. Monetary stability is a joke, nowadays. The US is embracing inflation, as well as Greece and most other countries. Some more, some less, but all do it. The well-being of an economy is not determined by the amount of money they print, but by the goods and services they produce. So, he was right.

Your a genius Peter. You have always been my favourite economic educator.

@monstaclutch565

2 жыл бұрын

@@lyncarlson2448 stay safe and don't forget to wear your mask.

@poopface011

2 жыл бұрын

Wish I knew about him earlier. But glad I do now

Peter characterizes repeated over-stimulation of the economy like insulin resistance in metabolic syndrome. Brilliant!

March 2021...I'm an American living in Greece and seeing both economies on the same track. Brilliant mind, brilliant forecast, brilliant video!

@xX13Pwner13Xx

3 жыл бұрын

9 years later, nothing's changed x)

@fuqutube

3 жыл бұрын

@@xX13Pwner13Xx Dollar is crashing, massive bubbles everywhere, political devide, civil unrest. On the brink. Lead, silver, Gold, Food.

@johnfrank4351

3 жыл бұрын

@@MercuryRisingFast How is it any different? Go ahead. i'll wait.

@johnfrank4351

3 жыл бұрын

@@MercuryRisingFast So, no fundamental difference. Got it.

@uince

3 жыл бұрын

Has been terribly wrong for at least a decade. The US economy took off, no inflation arose, markets performed beautifully. Anyone who listened to Schiff or invested in his funds stayed poor. Schiff built a fortune on his ignorance and on his poor investors’ backs.

Is this really 8 years ago, that’s crazy. Life is really written.

@sebas8225

3 жыл бұрын

Wont be surprised if they keep this BS going and people end up adopting Bitcoin on the long run case they realize trusting the system to fix itself is like hoping to winning the lottery.

@funsizedi88

3 жыл бұрын

"History does not always repeat itself, but it often rhymes" Mark Twain

@monmalin

3 жыл бұрын

He knows his stuff.

@notyourmomyousnowflake3533

3 жыл бұрын

its because the problem wasn't solved and the mistakes were repeated.

@thomasgleaton685

3 жыл бұрын

Where are all the trolls now???!!!

No matter how many time I watch this, I feel it can’t be watched enough, to ensure lessons are learned from Peters insights

This guy was decades ahead of everyone else

@newworldforward1842

3 жыл бұрын

The brain is the most underused forgotten about organ in the human body at this point in history. Any moron would know what Peter knows if they actually had single thought of their own.

@lennybrewster4673

2 жыл бұрын

Not really, history just repeats itself. The fed has the most irresponsible policies they're is and when we no longer backed out money with precious metals we were all on a collision course with destiny.

@dragon.fromindia3235

2 жыл бұрын

GOD PLEASE DECREASE GOLD PRICE IT HELPS TO INCREASE JEWELLERY SALES IN INDIA 1700$ oz

@Styxswimmer

2 жыл бұрын

@@lennybrewster4673 history doesn't repeat itself but it rhymes - Mark Twain (aka, Samuel Clemens)

This is more relevant today than 8 years ago.

@milarjack5516

3 жыл бұрын

romiodens @ gmail com

@dragon.fromindia3235

2 жыл бұрын

GOD PLEASE DECREASE GOLD PRICE IT HELPS TO INCREASE JEWELLERY SALES IN INDIA 1700$ oz.

this man was right all along

@harrisonswift1416

4 жыл бұрын

Welcome, friend.

@kashay4415

3 жыл бұрын

@nvsbl2 "1 Trillion dollar deficits" FED: Tze, pathetic....

@1986tessie

3 жыл бұрын

The worst is yet to come.

@brunocarvalho9253

3 жыл бұрын

Yes he is. He really understand economics, although he doesn't see the underlying root causes

@nin6246

3 жыл бұрын

Yes, Schiff has been right all along however it takes a certain amount of maturity and understanding to know what Schiff's positions really are and why.

NINE years ago.....funny thing is I do not believe he's wrong. Don't underestimate the government's ability and willingness to prop up a dead economy

@tezcatlipoca6336

2 жыл бұрын

he is still right.

@tmo4330

2 жыл бұрын

The real crash is inflation.

@pattymiller9040

2 жыл бұрын

I startedi lstening to this, thinking it was made recently, and was very surprised when I saw that it was made in 2012, almost 10 yrs ago!! That's crazy!! So relevant today!!

@JoseDiaz-rd9fh

2 жыл бұрын

There is nothing new under the Sun. If it's one thing that is clear about humanity despite our intelligence. We repeat the same mistakes over and over again like a dog returns to its vomit

I think that Peter underestimated the ability of the government to delay the collapse. But I think it is just around the corner now.

Damn. This guy, Jim Rogers, Jim Rickards, Ron Paul, and Mike Maloney are all being proven right...They could see the economic/fiscal problems years before they happen.

@darkoverllord

2 жыл бұрын

Mike malooney secret history of money changed my life.

@dominicmonteiro

2 жыл бұрын

Lol they just sit predicting

@yogamatt443

2 жыл бұрын

It’s just cycles. And we aren’t the first people to have a corrupt government and media that doesn’t speak the truth

I started listening to this without knowing the date of release, thinking it was done maybe 6 months ago. LOL....we are still doing the same shit...

@acommentator69

3 жыл бұрын

And its still working

@jondoe170

3 жыл бұрын

Same!!!!!! Wtf so surreal

@motivationfactory9916

3 жыл бұрын

Maybe it’s evidence that Peter’s assumptions about QE and Inflation are incorrect. But the thing about predicting doom is, you never have to admit you’re wrong. You just have to keep saying doom is “around the corner”

@mikeosullivan3901

3 жыл бұрын

Although Peter sounds really intelligent and his thesis might sound really good. he's been bearish on stocks since 2011. Not just bearish but Doomsday bearish. That's 10 years of being wrong on the dollar, unemployment, missing the greatest bull market in the stock market. I give him due credit for calling the housing crash. But as an advisor he's lost clients a lot of money.

@motivationfactory9916

3 жыл бұрын

@@radiant_rj 9 years of predicting a crash that never happened, and he missed out on the biggest bull market in history. Sad.

He can explain complicated economic problems in simple terms so that layman can understand,, salute him

@jaylaw.7660

3 жыл бұрын

Yes, salute

@jaylaw.7660

3 жыл бұрын

Love you Schiff..

Still holds true 9 years later.

Absolutely stellar talk by Peter- informative and brilliantly delivered and with humour included as a bonus. Hope to see Peter speak live some time.

50:15 "So, who knows, eventually be might need to borrow 1 trillion or 2 trillion!!, just to keep the pony economy afloat" => LOL 2021, this guy saw it 9 years earlier, holy Sh***

@calvinvastelli6792

3 жыл бұрын

I thought your avatar was a hair on my screen and I kept trying to swipe it off lol

@SleekMouse

3 жыл бұрын

@@calvinvastelli6792 yep me too. tried to brush my eye lash off haha

@the_real_economics

3 жыл бұрын

Yet, there are thousands of people screaming "how wrong he is, how he always warns of crises that never come and eventually he might be right one time". I mean, are those people for real? WHENEVER central bank starts printing money (and gives it honorable names such as QE, asset purchase program etc.) it just proves that he is right. Instead of having crisis in one area, central banks hide it by money printing into the loss of purchasing power.

@jisskk28

3 жыл бұрын

Thats a long ass wait😂

@SleekMouse

3 жыл бұрын

@@jisskk28 just long enough to get your head in gear and buy some commodities

Excellent program learned a lot. Thanks for sharing. Stat safe.

Peter being right in 2022 is humbling . This guy knows

He obviously didn't believe we'd go another nine years but now I fear that we're inches from the cliff.

@nathantremblay4529

3 жыл бұрын

Inches away? We off the cliff already homie, approaching terminal velocity. We just haven’t hit the ground yet

@ruslantraveller7866

2 жыл бұрын

I am sure we have another 9 years or 2x9 or 3x9.

@JohnDoe-mh8tm

2 жыл бұрын

He's only been saying the economy will crash for nine years. I guess someday he'll be right. Bahahaha!

@bilalwasim8334

2 жыл бұрын

I agree, too much stimmy printed in the last year or so. May take a couple of years to manifest, but this isn’t going to end well

@se7enonethr3e

2 жыл бұрын

LMAO 💯💯💯

Best video I have seen in such a long time.... Speech could have been made this morning and all would still be relevant

@philpottkentucky4802

3 жыл бұрын

He's been wrong for eight years dude lol

@mgtowlife54

2 жыл бұрын

@@philpottkentucky4802 he's right for 8 years doofy.

It's crazy how this applies to our lives today. This world is a scary place.

@ismaelsantana4238

2 жыл бұрын

He ben saying this for 20years about time he got it right

@derektomlinson6514

2 жыл бұрын

Its called financial education which will never be on any education curriculum because you are not supposed to know how dark the financial world really is and know you are still a slave.

@kevinconroy6606

2 жыл бұрын

@@ismaelsantana4238 it’s been true for 20 years, they keep kicking the can down the road. Only way out is collapse (and revaluation of the dollar) or for the US to seize more assets (at home and abroad) and then reorganize the global economy around a usd based digital reserve currency probably along with massive amounts of govt owned housing to get enough capital to service the debt

@MahoganyKiara

2 жыл бұрын

@@derektomlinson6514 I’m in college & they teach this.

@Pwwh0711

2 жыл бұрын

A stopped clock is right twice per day...this guy is a lucky clown who now pontificates like he has the intellect & proven predictive abilities of Michael Saylor.

You are brilliant!!! You should be president we need more level headed realistic thinking like yours 🙌

Oh wow I thought this was a recent addition. Peter was always right

@nightowl6811

3 жыл бұрын

It takes years to collapse everything ladies and gentlemen. So easy to understand! I am now 50 years old and lived enough crazy times to know that the coming economic depression will be super brutal for millions. Especially the sheeple sheep 🐑 lost losers. Shopping dating 5 Marriages buying big screen TVs Nike’s casinos unhealthy fat lazy people. 😎

@JS-ue5fp

3 жыл бұрын

@@nightowl6811 you don't hold it...you don't own it

@acommentator69

3 жыл бұрын

He was wrong

@JS-ue5fp

3 жыл бұрын

@@acommentator69 your wrong

@ZelenoJabko

2 жыл бұрын

He is right like a broken clock is right twice a day 😂😂

When a video 8 years ago is so relevant today..

@milky_joh6281

3 жыл бұрын

People in Sydney Australia buying houses with 5% deposit as of last month bubble mania again!

@kbro7484

3 жыл бұрын

But is it really?

@juniorgod321

3 жыл бұрын

This video will be relevant forever!

@yewmengtan7392

3 жыл бұрын

@@milky_joh6281 qa2q

@555frontier

3 жыл бұрын

Yep, sounds like it was made yesterday

lol for a minute there I thought I was listening to something that was a week or month old untill I looked ar the date cuz he looked a bit younger.

Love watching Peters enthusiasm for Gold, I decided after watching some of his podcasts to invest in a little and finally feel more secure long term.

I literally just listened to this and 1000% agree and I then I realize at 51:07 that this is 9 years old! Can I meet this guy and shake his hand just becuz these are the people that I want to run the world. Not these sick mid evil ass bloodlines. . Don’t let that go over your heads. But this video is spot on.. even right now

When it comes to the world of investing, most people don't know where to start.fortunately.great investors of the past and present can provide us with guidance

@daviddavis7955

2 жыл бұрын

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@imeudo6991

2 жыл бұрын

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@princesamuel3063

2 жыл бұрын

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@aminatmuham9152

2 жыл бұрын

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@dejipeter5486

2 жыл бұрын

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Quite astonishing. Years ago and still so true as it was in 2012. Kind regards from Germany!

Greece lost a large portion of its tourism industry when they joined the Euro and everything became expensive.

@DJ_Ichiyo

2 жыл бұрын

How long ago are we talking about

@stevenhume7923

2 жыл бұрын

@@DJ_Ichiyo From 2002 when Greece started using the Euro.

@nick101984

2 жыл бұрын

Greece and Germany can't be under the same currency because they have two vastly different economies. Greece exports olive oil, Germany exports highly engineered machinery. The Greeks blew all there stimulus money on early retirements and crazy pension plans. Now their kids are paying for it all. 40% unemployment rate for those 18-35. Then the ones who do work only make 700-1000 euros per month. Obviously the Greeks, portuguese, Spaniards and Italians should be an economy based on their own production. But those economies won't be as productive as the Germans and french.

Everything he said has become a reality in 2021. You should download and spread this video to everyone you know.

@MikeyD203

3 жыл бұрын

He sure did swing and miss on Bitcoin

@diabolicaldebbie

3 жыл бұрын

@@MikeyD203 Watch at approximately 24.30 where he talks about Facebook..same thing with Bitcoin.

@MikeyD203

3 жыл бұрын

@@diabolicaldebbie no thanks.

@calvinvastelli6792

3 жыл бұрын

ShadowStats just recently updated their U6 Unemployment numbers and they estimated that slightly over 25% of working-age individuals (over 1/4th!) aren't working. I'm normally an optimist, but the near future is looking pretty grim...

Peter Schiff has completely changed the way I think about economics. I used to think the economy's well being was primarily determined by the government's fiscal policy. Now I realize that the central bank's monetary policy is just as important, if not more so. His insight that the interest rate should be determined by the markets themselves, has really opened my eyes.

@elbazart

2 жыл бұрын

@@lyncarlson2448 What a blast from the past. When I wrote this comment I was at the very beginning of my journey into economics. Many things have changed since then, but the realization that central banks have distorted our economy and set us on a path to a much greater financial crisis is still valid.

@wa1-marketing955

2 жыл бұрын

I wrote a piece on LinkedIn that caught the eye of one of the Rothschilds... I asked the question... Would you rather have £10,000 now or in a year? Then I asked, what if it was £10,000 now or £11,000 in a year? That is how we arrive at interest rates. The time preference of money is its interest rate, and that varies for different people, at different places and different times. The average (mean) is the market rate. There's your market.

Very Informative And Helpful Thank you

I think this is the single most articulate and comprehensive speech that Peter Schiff has given.

Thank you Peter once again. I try and try to get my parents and Wifes parents listen to you. All they say is "I hope he is wrong". Are you kidding me. You are reaching people and keep being the patriot you are.

Thank you.

That was good! Jumping out of the frying pan into the fire!!!. You made me laugh... Thanks for that! 👍👏👏👏👏👏😀

Schiff: "The most important price is the price of money." (i.e., interest rate for borrowers). This may be the best video that I have seen on economics. See 32:18. ------ The economy is distorted because interest rates are too low.

this is the best lecture from Mr.Sichiff i've seen so far.

@milarjack5516

3 жыл бұрын

romiodens @ gmail com

Thanks bro, from your neighbor in Clermont, Florida. Great brief on this sham case against Ripple.

This ages amazing well. Just closer to financial d-day.

I've come back from the past to watch this video about the future that was produced in the past.

I was just listening to this while gaming. I thought it was current because it is so relevant to the economy now.

@owen8271

3 жыл бұрын

DITTO. Alarming.

@DeadNoob451

3 жыл бұрын

Same here. My mind for some reason autocorrected 2012 into 2020 and i thought oh well, its about a year old, but still seems accurate enough.

@DrIsaacSun

3 жыл бұрын

Its actually more relevant now than in 2012

@Michael-vf2mw

3 жыл бұрын

Except that we've moved to harder liquor. We're now chugging pure straight liquor by the bottle.

Peter rocks. If I would be in his shoes i'd be depressed by how few (in comparison ofcourse) people listen, i'd surely get depressed after couple of years. He never wavers to spread the sanity despite all this. I live in The Netherlands, about to graduate from college. Surely i'l put my future saving in gold, because both the euro and the dollar are doomed because of the massive stimilus / borrowing.

They have kept the game going but it sure feels like the end is near.

We're here 😁

Spot on as always.

@milarjack5516

3 жыл бұрын

romiodens @ gmail com

57 minutes of brilliance

@milarjack5516

3 жыл бұрын

romiodens @ gmail com

i think this whole situation is kinda like Looney Tunes Wild Coyote cartoon where he runs off a cliff, but keeps going on the imaginary ground because he hasn't yet realized that there is actually no ground underneath. The moment he realizes that...boom, express elevator to bottom.

@Lonewadi6242

3 жыл бұрын

👍

@outstandable

2 жыл бұрын

Yes!!! Lol

I come back and watch this again and again between new podcasts.

AND here we are in 2021 and still printing money and taking MORE EBT.

@MrDwightsimon

3 жыл бұрын

More debt is awesome!

@MrDwightsimon

3 жыл бұрын

@A W You voted for it for years, and now all of a sudden you want to do something. I hate to break it to you, but it's too late for America. Our government will keep on running it into the ground regardless of who you vote for. All you can do now is take care of yourself, pop some popcorn and enjoy the show!

@ethankg9094

3 жыл бұрын

@A W Don't just leave it up to the politicians, we can make change ourselves within our daily lives, if the economy is failing then we must simply produce ourselves what money buys like food and water, start growing your own food and build a water supply, it is up to us as the people to help each other.

@MrDwightsimon

3 жыл бұрын

@Benson Hedges That's cool. I'm ready to buy the dip! I got my ticket to the moon! 🚀🚀🚀

@user-ip8bw7gt2x

2 жыл бұрын

@A W It was probably "great" for a few decades for white people lol other than that it's nothing to write home about

"Letting the market decide the price of money, ie interest, like it does all prices." I love this analogy and intend to use it frequently-- anyone who's taken a crash course in Economics can understand it. Schiff, you're my hero :D

@apove1814

3 жыл бұрын

Yeah right. That’s why value investment stocks works so well for people. 🙄 This guy will catch your attention if your 20 or new to markets. The rest of us now that this is a kindergartener being sent to understand the real world.

@rylandavis2976

3 жыл бұрын

@@apove1814 says every npc in an obvious bubble

@falconeaterf15

2 жыл бұрын

@@apove1814 And some of us know how to spell know.

Thanks and Respekt! Now I completely understand the Pandemic Theatre.....

Why does this video keep popping up on my auto play? I've already seen it Luke once a week. Anyway I can't believe how accurate this presentation was.

He was always right, just very early. But after this empire collapses, history will not think another couple of decades was very long in hindsight.

The whole country is drunk. Classic

@Deep.Purple

3 жыл бұрын

World -- and they sit at the same table drinking and deciding what you do to get a digital currency replacement for cash.

@milarjack5516

3 жыл бұрын

You can trade with Mr romio strategies,his the best ever known on bit coin forex trade crypto,coinbase and others and try to hurry up because time is money,money is life,life is beautiful❤🤣😂

@milarjack5516

3 жыл бұрын

romiodens @ gmail com

@SebM-Python-JXeNuddg

3 жыл бұрын

@@milarjack5516 why not keep it secret then scammer

@dragon.fromindia3235

2 жыл бұрын

GOD PLEASE DECREASE GOLD PRICE IT HELPS TO INCREASE JEWELLERY SALES IN INDIA 1700$ oz.

Amazing video, really shows one of the many risks of "groupthink".

Great information, thank you

Brilliant as always Peter!

@albertfeynman492

4 жыл бұрын

Except for the fact that it turns out he was wrong.

@ramprasath3346

4 жыл бұрын

@@albertfeynman492 wrong ?

@alexnezhynsky9707

4 жыл бұрын

@@albertfeynman492 Still in denial, comrade?

@albertfeynman492

4 жыл бұрын

@@alexnezhynsky9707 With the economy shut down and USA printing Trillions of dollars why aren't we Greece yet? Why are prices stable/no inflation? Where is the chaos. It would seem YOU are in denial, no?

@albertfeynman492

4 жыл бұрын

@@ramprasath3346 Yes. Dead wrong. Economy has been shut down for how long now? And the USA continues to print Trillions yet all prices remain stable. Individuals and businesses getting bailed out and everything is moving along fine. Why hasn't price of gold sky rocketed? Why hasn't the value of the dollar dropped?

Bruh, I was mindlessly eating cereal with banana and looked at the date. THIS SHIT IS HAPPENING NOW! Not exactly the same, ITS WORSE.

@lennybrewster4673

2 жыл бұрын

Yup. We're looking at a possible collapse this time because our fiat system is 100% guaranteed to eventually fail.

@JeriDro

2 жыл бұрын

saying bruh makes you sound stupid

@bigl3242

2 жыл бұрын

@@JeriDro Your name is DreamWarrior you cornball

@Below-Zero.

2 жыл бұрын

@@bigl3242 Bruh isn't a word smart people use.

@JohnSmith-is1xr

2 жыл бұрын

Long live the word "Bruh"

watching in feb 2022, he was 1000000000% correct!

Chillingly prophetic.

wow you could play this video today and you wouldn't know it was from 2012

He feels like Thanos:“they called me a madman”

@ahuempfner

3 жыл бұрын

You know what's amazing but scary? This was in 2012

@milarjack5516

3 жыл бұрын

romiodens @ gmail com

Finally will be able to get a decent souvlaki in America.

I love this guy. Holy shit! 9 years ago.

It won't work eventually but until then it works like a chram. I knew and agreed w Schiff 100%, I stayed out of the stock market most of the past 5 yrs and lost hundreds of thousands of potential gain. I got back into the market 6 months ago and I have gained 20% return. Money in the bank is a loss, so it's flooding into asset bubble. Now the new generation has 28 trillions of national debt and houses that are crazy expensive. We screwed them big time.

In the history of the world, there has never been a country as BROKE as America is.

@abelmindead9462

3 жыл бұрын

except for like... 3rd world countries all over the planet but yeah i feel you lol

@IamDoogy

3 жыл бұрын

@@abelmindead9462 I can't argue with an economic genius like you.

@sebas8225

3 жыл бұрын

America is as Broke as it's Woke.

@sebas8225

3 жыл бұрын

@@abelmindead9462 3rd world countries with more potential than America though.

@funsizedi88

3 жыл бұрын

Rome, this is one of the main reasons Rome fell. They debased their currency.

Nice video of Ubud. It brings back great memories!

"The Fed lies about inflation." SO TRUE. Except for a very few staples (some of which are subsidized), everything I buy is up by more than the alleged rate of inflation. Some tech items are actually down in terms of what you get for what you spend, BUT: I buy a new computer about every 8 years, and I just recently replaced my 15 year old cell phone, so those few items don't help me much,

@kimcissell1905

Жыл бұрын

MSM censorship and lies. The collapse of the US economy is the goal.

wow... 8 years later and still relevant, cept rates still are 0 anand fed is keeping it rolling

@ericblust5923

3 жыл бұрын

The Fed goes, Brrrrrrrrrrrr all day long.... As the media sings and plays along.....

@dccajc1

3 жыл бұрын

Here comes the shit storm

@19phift4

3 жыл бұрын

Shit storm in progress..

@whoeverelse

3 жыл бұрын

@@19phift4 At least toilet paper is in stock, right now.

@DarrienHudgins

3 жыл бұрын

@@ericblust5923 we're knee deep in a socialism

GREAT VIDEO PETER!!!

@dogzer

3 жыл бұрын

You are correct! And it's still great 8 years later!

@revo1974

3 жыл бұрын

Terrible video. I made a ton of money in the stock market the past 8 years.

I just noticed that! Wow, it's still pertinent.

That was actually quite funny, “if there is another government in the Universe I doubt they would be as broke as the US” lol

He’s right. He knows what’s wrong but doesn’t know when the end comes, but he knows like we do, it’s coming

@clifffowler2581

3 жыл бұрын

I wonder how long until Biden's 1.7 trillion stimulus comes back to bite him on the ass....🤔

@m.woodsrobinson9244

3 жыл бұрын

@@clifffowler2581 I have a feeling that will happen sooner than most people think.

@clifffowler2581

3 жыл бұрын

@@m.woodsrobinson9244 I believe you might be right...... and no doubt the effects of it will be watered down by the msm.

@dylnthmsn420

3 жыл бұрын

You people realize capitalism is a fake fiat based currency we tried, it failed to keep greed in check and it's time to move on right? Austerity is a policy choice, because our planet can't keep it afloat at 3+% GDP annually? Wake up people!

@johnfrank4351

3 жыл бұрын

This was 9 years ago and he ended up being dead wrong, but ok. lol

Seems more relevant today that ever. Buy gold

@ScuffyMelbourne

3 жыл бұрын

I think it’s too late in the game to find any physical gold or silver. It was getting scarce a year ago with 1-2 month waiting times after paying up front..

@cassandras7399

3 жыл бұрын

@@ScuffyMelbourne google ‘bullion dealer’

@perkelin

3 жыл бұрын

@dylans65amg LOL Gold is finite and real money. You can create as many crypto as you want and it doesn't any intrinsic value.

@perkelin

3 жыл бұрын

@Isabel Livieva If people started using crypto in day to day transactions why not use ethereum o other crypto?

@STELLASCUTENESS

3 жыл бұрын

@Isabel Livieva Gold is worthless. It has zero utility. At least silver has utility. But in a crash, the rush to liquidity sells everything.

Speaks a lot of sense!

The analogy with drunkenness is priceless, Greenspan as bartender. Schiff is so right on human gullibility.

I love how Peter always uses metaphors.

@milarjack5516

3 жыл бұрын

You can trade with Mr romio strategies,his the best ever known on bit coin forex trade crypto,coinbase and others

Gold was like $800 too back then. He was right on

@clagueb3686

3 жыл бұрын

Nope. Price of gold fell from $1675 per ounce to about $1200 12.21.13

Crazy. This was nine years ago? It sounds just like today only it’s probably more ludicrous than schiff was even anticipating it could get.

Even a broken clock is right twice a day. After nine years???

thanks !

8 + years old here in 2021 and still true !!!

Oct 2021 ... just listened to his most-recent podcast ... he is literally saying the exact same thing now as he did back then, 9yrs ago ... the debt ceiling, Bernie Madoff and Japan

Great talk. Milton Freedman was saying this in the 1970's. Most of these profectic lecturers come from economists. Every time since Adam Smith these men have been trying to show the sky falling. The do diligence of every man is the only answer. When we look to the world to save us. We become just a pet unable to feed our selves. Learn the world build your awareness make up your mind, be your own person. Read, read, read. It is up to us to scrutinize every power. When we believe without reading for ourselves. We are just as good as the blind being lead by the man with one eye. Great talk. There is soooooo much more out there we all need to keep reading, learning and building our own personal awareness. So we will not relinquish our freedom for so called security.

Respect to Peter and the gold guys and the logical foundation they speak from is excellent. That said they don’t frame state self interest. If we get off the petro dollar printing circulation then the military ind complex suffers and then so does Wall Street and does American dominance.

At the beginning I thought, mmm, okay, but now that I've watched the whole thing I can agree with you 100%, I think I'm gonna watch it again tomorrow lol

@simplisnpdotcom3627

3 жыл бұрын

You should watch it again today. 😃

I believe this video can be played for the next 100 yrs and it will still feel like it yes just uploaded a day prior. Nothing has changed.

The last minute is the bestest of it

How can you not love this guy! Thumbs up for Peter :)

Imagine watching this in 2021 and agreeing

This video is as relevant today as it was 8 years ago!

Question. At 30:35 he presents the question - why can't the fed just keep interest rates low forever. His answer is that the fed can't do that because the markets won't allow that to happen. Can anyone explain this further? The fed right now is keeping interests rates low and the markets are hitting all time highs every week.