🔴 LIVE: QE infinity is here! 

I wish I heard Peter speak the truth when I was 20. At least I found him at age of 28

@@SJ1990_ "he's telling you to go back to work and get corona virus and your wishing him life till 100 lol" But isn't that the same thing that your mother said about you?

”lol you're mother had a lot to say to me, after and while I was tapping that A” But isn’t that the same thing that your father said to you?

I totally agree but you were short one 0!!

@@SJ1990_ Everyone is gonna get the virus at some point. You can't avoid the flu forever. You are gonna have much worse things to worry about.

@@SJ1990_ ù

You gotta admire a man with that passion. He's gonna tell you the truth, even if you don't wanna hear it!

@Jaime Alonzo Fair enough. The man, whether you like him or not, has been preaching a pretty consistent message for years. Chicken little? Maybe, but he's been right big time before.

🔥 🔥 🔥

Cheers to a man willing to tell you the truth. Even when its bad.

@Clark Kent hey goof. You say he's right about the end game. I agree. So Im just being prepared. I get it. He's chicken little peddling gold. Better to be prepared that not at all.

@Clark Kent Please share what signals you are looking for before you allocate anything to gold, and dump USD. How will you know when the inevitable collapse has come? Do you believe that the end will progress slowly, or do you believe it will follow the previous economic "crack up booms" and progress quickly at the end. If the end will unravel quickly, how late will you leave it until you allocate your savings into gold?

@Clark Kent Much less next month. Who will qualify for a mortgage?

Michael McDonald “How Anyone Can Stop Paying Income Taxes” really shook the establishment to the core!! Because it’s the truth!!

True, they teach keynes, Marx...

its true tho. lol. even though i think schiff is intelligent. he knows the ins and outs of economics

@@IronMaidenDoD He knows supply economics. He even said himself he believes demand is infinite, Maybe someone needs to teach him about price equilibrium

@@wuddychunk1 pinpoint where and when he said that

@@IronMaidenDoD It was a few months ago in a podcast

09

A trillion here...a trillion there...pretty soon...you're talking real money :)

6:58 Now in 2020, they call it "open market easing" You want to know history? Here you go QE infinity (USA = Weimar Republic (Germany)) Bread & Circuses = $6 trillion stimulus bill 1919 (Germany): 1 oz of gold = 170 Marks. *5 years later* 1924 Germany: 1 oz of gold = *87 TRILLION MARKS* *DEATH BY HYPERINFLATION* *RIP WEIMAR REPUBLIC 1919 - 1933* seekingalpha.com/article/10885-gold-and-silver-lessons-from-weimar-germany

Nobody needs to work ever, FED can just print and mail the check the way they are going. The money will be useless but it'll look good on Instagram.

Ralph Gagnon cool story. Gonna tell that at a party

😂

My Dad said he saw many bargains on things, esp. land, but just didn't have the $ to buy them.

So the market is going to just magically be better? I hope so, but you don’t get this kind of damage and then recover in a blink of an eye

The thing is, the correction isn’t simply because of the virus. If not the virus it would have been something else. It’s very obvious that our debt heavy economy was incredibly fragile. It will see some bounce back no doubt, but this isn’t going to be fast imo. It isn’t as if jobs all of a sudden will appear again as business have to build back to that level again. With that said, I hope you’re right

You would too if the government did to your dad what the US government did to his dad. After putting an old man in jail, he got sick and needed medical treatment. The government intentionally denied Peter’s dad proper medical attention. Suffering from sickness in jail, Peter’s dad died. How would you feel about the US government if they did that to your dad? The judge in his dad’s case was totally against him and not reasonable.

@Truth "No way that's bs." Not an argument. "This was all virus and the scare by the media." Not an argument. Claiming that it was "all" something is not an argument. "All these restaurants will open again and hire servers." Again not an argument. Claiming that "all" of something will "open again" is not an argument. Fed stimulus indicates that economy is fucked. Stocks dropped 30 percent during most destructive war in history, no stimulus, no money printing. If our economy can't handle the fucking flu then the economy is shit.

@Truth youre one of those wishing mayos..the only thing keeping this afloat and has been since 2009 is cheap liquidity from the FED theft of tax dollars and the world reserve currency status..without those things you would have been a hood ornament on a hilbilly canibals truck by now..

lol! hey its HIS bday! He's gotta be in his happy place :)

Take a pill and tell us how to navigate this. Your ranting and raving helps nothing.

@@davemalesa6088 uh, buy gold. Have you never listened to him before?

Hahahahahah 😭😂😂😂

If consumers don't spend then how on earth does an economy grow?

@@deezeed2817 Producing AND consuming. Not consuming on borrowed money!

Right now consumers can't even spend anything, even those who are liquid. So non-essentual businesses like car dealerships and electronic shops are going to suffer hard. Which will cause them to lay off workers. And no one knows when it's safe to go outside again. Could be as late as June. The USA and the EU are really fucked.

Alex K. You hit the nail on the head, especially small businesses that are debt heavy in their business modules. Car companies have almost all of their new cars on notes and have to keep inventory turned over to make profits. Situations like this they are literally losing money by the day, with no end in sight. Terrible times for debt heavy companies, as they are getting hit the hardest, the same with airlines.

@@monkeysezbegood Credit is the life blood of a capitalist economy, How on earth can you say that people stopping spending is good for a capitalist economy? Capitalism cannot survive one day without people spending.

j- dub google trends picking up for Peter... when it exceeds 2008 levels we’ll know shit really has hit the fan

@warriorlifestyleconfidential Totally

The algorithm just brought me back here as well, Peter Schiff was right again. 🫡

They used to be flashy (CNBC) but they don’t look much different now, thanks to CV, I can come and work for you, so I know I am parr of something real and good

Joe Justjoe You mean Joe?

@@blankjohnson6934 He wouldn't have a chance against me in a debate because I would spew forth "facts." I see he is still "hopeful" for the price of oil based on a few tidbits I caught. Remember, Petey's upside target for the last 3 years is still $80. It has never been hit in 3 years. For a time in 2019, he actually raised his target to $100. Now ask him what his oil target is and see if you can get an answer out of him. Trust me, Petey doesn't want to debate me. I'd kick his ass on pretty much every asset he wants to spew about because he has been dead wrong on every asset he has spewed about. You were "s'posed to be" hitting multi year highs in Petey's GDXJ play and his own Yer on Crack Gold fund (EPGFX) when the stock market started melting down. Instead you are getting your ass kicked. What's there to debate..."phsyical" gold because he isn't getting his ass kicked in that...yet?

@ I`ve heard him predict oil to reach $100 and gold $5000. It won`t be in our lifetime. Eventually they will probably create a new dollar, maybe 1 new dollar=100 old dollars. We have only had asset inflation though. We will only get consumer inflation if the velocity of money goes along with a lot of currency going to the people. Half of the world`s currency goes to 1% of the population

Joe Justjoe In short term gold may loose some steam, since dollar is going up in value, like Peter said. His argument makes sense in the long term, so in last 20 years, gold has outperformed stocks and bonds. Since we cannot time the market, he is suggesting accumulating gold. Don’t see anything wrong with his suggestion.

Lol

29 now

30 trill

It's like 31 now lol

@@danielabdalla8488 it's now 32

🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🤨🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🦘🥶🦘🤨🦘🥶🦘🥶🦘🥶🦘🥳f is it to play all By by gv

Peter Schiff nailed that impersonation of the gpvt scapegoating landlords in America.

He doesn't realize he can put his phone on silent.

@@D_Syno boomer time

Sarah Isles Yeah. Peter... there’s a little button on the side of that thing!

Which is why he is not the right person to listen to when it comes to Bitcoin!

Priceless jewels 💎 being dropped Peter was on 🔥🔥🔥

lol he is really funny.

Well they're printing alright but let's see how much faster they'll start printing after the stock market crashes! I think they'll reverse course

And 3 years later they’re still printing and Peter’s still crying wolf. A stopped watch is right twice a day.

@@hmmm1599what are you talking about, we had 10% inflation, 20% in UK and stock market is just coming out of a -50% correction. Gold just broke it’s ATH. Everything he said is right.

He is genius, I've been following him for years. Great guy.

@@jimbush80528 I`ve got 2 of his books. been following him since about 2008. He is clueless about demand. He is always wrong about the dollar crashing. He picks his dates to compare the dollar with gold

a fancy word for theft.

@@wuddychunk1 Was he clueless on the demand to print more fake money?

It's liquity- liquidity

Nicholas Chan yeap

Myk😢😮😅😢

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В. В мам

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There are plenty of vendors where you can buy any smaller amount. Local precious metals dealers, online places like Provident Metals, JM Bullion, etc.

,,,,,

It requires thinking to understand these concepts. Unfortunately, the majority live their lives in illusion 😔 or delusion. I know, because this is the myth that our parents give us. Because their parents gave it to them, from generations 🙄 to the next. It takes a hell of a lot of emotional energy to escape this trap. It's no one's fault. It's just life! 😢