A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
I am. I chose not to be a mother because I realized in my 20s that the world would be challenged be lack of water, etc. I did not want to bring children into a world with Big Challenges. I'm no longer young. Peace is now necessary before I would recommend motherhood.
@@bellakrinkle9381 Ironically, we have more than enough water and food. And we'll never have peace as long as Big War is in charge of Congress. But open borders will strain housing, schools and health care access. If I had a kid (or grandkid) I'd be worried sick about their future.
I'm only a few years younger than Peter is. So when he mentioned the toy in the box of cereal, that brought a chuckle. I remember that too. My sister and I had to compete for the toy. So whoever's bowl the toy came out in, got the toy. Good memories of childhood.
35:07 That might be the best clip ever shown on this show! That’s fantastic. I laughed then got angry and cried myself to sleep 😂. Keep doing your thing Peter. Cheers.
I think they set Trump up with the release of the virus to shutdown his economic plan that was booming like crazy. We had record volume and real wage increases like no other. My bonus was the biggest and all that ended with the deliberate release of the virus by Marxist/Dems/China buddies.
That was a refreshing surprise. Trump had the money-printing machine over-heating and we would have had wicked-sss inflation anyway. Xiden made it worse, naturally. We need better choices in America.
The Overton window shifted so much since Ron Paul ran we are moving backwards, he wants to take OVER the fed, not Abolish it... His blow back add campaign though, is still being used by politicians.
The one we have now is ten times worse then the one we has last time though. But yeah Trump isn't no savior. Idk why all these people get a hardon for him like he is. But ten times better then the big guy and far less corupt.
What he is a proponent for would cause massive pain in the markets, we can't have someone like him in an official position, he's better as a commentator on economics and managing some peoples assets. If he where to get into a position of power, and was able to do what ever he wants, like say run the federal reserve, I'd expect like 25% interest rates to "clean house" and force the collapse, then CBDCs would be introduced to the rest of the world lol.
love your latest collection of shirts Peter !! nice going !! excellent podcast . i admire the way you have been handling your bank situation , the way you address directly to your bank's customers openly and with detailed explanation .. evidently they must be angry and dissapointed. . i wish you well and hope the issue can be resolved soon bith for you and your customers
Thanks Peter for readdressing the clip seen in "Finding the money" I hear you appear briefly in this documentary I appreciate your fair assessment of both Biden and Trump on their economic performance. Your once owned bank situation from the view of us the little people warrants some sort of broader documentary style which can encompasses bank runs, insolvency claims and bank failures. We the little people are not just watching high streets stores being destroyed but a bank that was sufficiently capitalized and yet there were others operating predatory lending.
Peter what about being appointed to the Fed? That's a crazy thought right lol. I think that would be so fucking awesome!!! The call is coming from inside the house!!!
Ok when you talk about what happened to your bank I get a splitting headache from being so angry. Banana republic doesn’t even describe this corruption. I hope if Trump wins he goes after these people to make an example out of them. It would be good pr for him and you and your customers would get justice.
Get this. I was a PMC for the DoD and the DoS 10 years deployed in a row and 7 years in Iraq - I was also an MP Investigator and a CID Special Afent in the U.S. Army and retired as a federal LEO with the DoI. It's a complete shit show. I was a good man with morals and integrity so that means I legally fought my chain of command for the entire time and guess what? I never lost in federal court. But I was forced to retire permanently on disability and I'm a 100% disabled Vet. So even if I wanted to be a patriot and go back to work doing what I live they will never let me. I'm black balled black marked black mailed whatever you wanna call it.
Thanks I'm going to look at I Am Gold IAG, and buy some more PAAS & AEM since those have been profitable for me. What is the benefit of me buying actual physical gold from Euro Pacific?
Thank you Peter....just finished watching your debate with Hanke @ David Lin and that was great. You are a great student. Jared Bersnstein doesn't know anything bout the economy. Some shady deals with the sale of the bank.....be vigilant.... Keep rockin dude!
You are great teacher for me about the real financial world and Dollars. I am 50 soon, wish to knowledge sooner! But late better than none. I asked my mom why she didn’t teach me about real $? She said, after Vietnam war, her father and herself lost everything, land , $ in the bank, $ re-valueless . She tried to survive after 1975s…. So had No $ to teach!!! 😮😢
Your experience with the bank and frozen assets is the best argument for Bitcoin. Thank you for pushing the arguments and problems of the current system.
Before cutting Social Security or Medicare - money that is clearly ours since we funded it for our entire working life - how about we GUT the size of government by cutting 50% of all Federal employees and how about we eliminate government pensions (grandfathering those that already have it) and replace them with employee funded retirement plans like the private sector did 30+ years ago? How about that!
Peter, you’re great! Another entertaining show! Really sorry to hear about your bank. So ridiculous. I hope for justice for you, customers and all negatively affected.
I know IAG stock was down 90 percent. I got absolutely killed on it. At the time it was paying a 6 percent dividend. I had to sell some to harvest a tax loss. I did add to my shares near the bottom, but the ride has been brutal. Many of these companies are completely different than they were in 2011. It looks like IAG is on the right track now, but they do have a lot of debt still.
I cant stand that guy. I tried to watch him on some other shows and I can't. I disagree with him so much I just can't handle listening to him. I didn't watch the debate against Peter.
Peter, What is the net margin between the cost of production of gold and selling price across the years from 2011? Isn't that the more important measure?
One thing you left out about the cereal toy story (which I loved) was that when you tried to put the cereal back in the box it wouldn't hardly fit. Like unless you ate a few bowls the box was bulging. And I'm talking about my own personal experience in the late 80s.
Peter, always record all your interactions with any government official, even if you gotta do it secretly. I wanted to ask you Peter if it was possible for government to auction off federal land, and use that money to pay down the national debt? As you may know, federal government owns 27% of land in the US, mostly in the West of the country.
40:15 I really just want him to exclaim in that clip; “we aren’t lending the money.. we are borrowing it?? Holy hell we’re broke! “ before running off camera
I was luck and bought at 2k....so, I'm at a 20% gain, so far. In Wiamar Germany, AU went from 110 marks and went to $37Trillion. Ag went from 11 marks to 1 $Trillion...just saying.
Peter, I heard Eric Weinstein call the inflation tax Seigniorage. Is there a term already forgotten to the masses that encapsulates the term inflation tax?
The rumor is that the banks will be allowed to buy treasuries without reserve ratio restrictions. SLR to zero. In that case the government would borrow money that does not exist.
Peter your bank was shut down because you were planning to build a gold-backed payment system. Your trustworthy reputation (now destroyed) could have made your payment system not only successful but a serious threat to large institutions.
