Yep, wrong every single time. Has never made a dollar for any client. Big losses for everyone. Why is there not a single person who has ever come forward with a story about being better off financially because of Peter Schiff. His clients get crushed. If a single one of them ever did well Peter would trot them out to tell their winning story. They all lose, bigly.
Two years ago nobody could predict the dollar condition we're witnessing today. The u.s continue to double down on the same mistake that brought the dollar where it's. Therefore,no guarantee that the grass of the dollar would not be faster than it's envisaged
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
@@ardeand I agree, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my manager comes in, to help me with entry and exit points , I've accrued over $550k from an initially stagnant reserve of $150K all within 14months
@@Isaacmeide It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@@ellamezo There are lots of them but almost everyone works with ISABEL LINDA DUERI this days, she's getting more recognized by day, she strategies has been the best this period
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.. This information is really helpful.
Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
A 2022 Northwestern Mutual study found that 75% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.
@Zahair O'Brian Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.
Peter, don’t ever care about those pathetic comments, we the real people are all with you one hundred percent! Thank you so much for your honest and precise insight provided for the real people! ❤
Yeah he's a good dude. Running around screaming like a mad man for our sakes. Thanks Peter, I have listened and have diversified to metals. Thanks again.
He knows nothing. Or he is owned by China. That crap hole of a country is another debtor nation without any way out of it. China has been denied any more chip making machines by the one company that makes them. That company will also not be doing repairs to older machines. China has a bathtub fleet and a crybaby military. They have no chance against Japan in a war. Much less the US. China will not be taking by force that which they cannot pay for. Just like their pathetic alli Russia.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
@@Curbalnk in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@svengrot7943 Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@glenbert1396 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio, I am so done with banks!
@@louisairvin3052 The adviser I'm in touch with is KAITLIN ROSE STERNBERG she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. she provides entry and exit point for the securities I focus on.
With this crash I'll say it wont be too easy to pick the right stock, Jim Roger said there are still huge opportunities despite the crash, and I overheard someone talk about making $250k from about $110k since the crash. How do I make these kind of returns Peter?
@@JennyLawHere Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.
Schiff is on point when he states we can't produce stuff like China can. I work for one of the large implement makers here in the US. At least 75% percent of the parts are foreign. Chinese and Italian engines, Chinese glass, Mexican wiring harnesses, Chinese castings and plastics for cabs. the list is endless.
One thing I appreciate about Peter - He states a view and sticks to it and has been proven correct. Only shortcoming has been he underappreciated the lengths government's will go to keep the status quo in place. Good work Peter !
@@CO8848_2 so 15yrs of malinvestment, interest rate manipulation and inflation crushing consumers is great because, yeah, we made money in a manipulated market! If it all leads to more bailouts, higher prices, unsound banking and pushing debt onto future generations then give me sound money, slow growth and let me retain my purchasing power. End the Fed!
@@CO8848_2and no he didnt. He has advised against the stock market multiple times (with good reason) but never explicitly told people NOT to buy stocks. He has said many times diversification is key.
Peter's comments about the de-industrialization of the US and the long term consequences of trying to re-institute industrialization in the US are spot on and if anything, he even perhaps underestimates how difficult it would be....I say this as someone in manufacturing here in the US. People don't understand the years of necessary accumulated knowledge and associated division of labor(supply chains), which has been significantly destroyed already in the US, that are required to "make stuff". I'm riding out what's left for the next decade....but I see myself "going Galt" eventually and leaving the US to live a relaxed life on the coast of a third world country after "cashing out". The long term prospects for the US after the dollar erosion picks up steam and re-industrialization becomes necessary are such that it will be decades of a low standard of living for the average US citizen while the US crawls out of it's unproductive/financialized economy for the reasons Peter highlights.
@@tallswede80 There are some left outside of the "gov't teat", but not many. Overall, the industrial supply chains have been monkey hammered into varying forms of crisis and are a mere fraction of what existed 30 years ago....and even less so compared to 50 years ago. Peter has been great in calling this situation out, but I'm not sure that even he knows how bad it really is because he himself is not in manufacturing and the manufacturers left in the US themselves aren't going to volunteer that for "confidence"/reputation reasons.
@@tallswede80 I'm so glad you asked, because in my opinion this is where Peter could do a better job of explaining(if he has the time when interviewed). Yes, taxes and regs are one issue...but there are many more and some of the regs are difficult to "combat" because of the nature of our property rights system. So for example, a company polluting lakes/rivers in China doesn't face the same level of punishment(if at all) and also doesn't carry the extra cost of having to comply with pollution regs. Bad actors will always exist..but setting that dilemma aside, the REASON the Chinese, Japanese, etc. et all buy US Treasuries is so their currency remains low against the dollar. It's a form of mercantilism that favors exporting to the US that can be done over sustained periods of time because of the nature of the FIAT system. This is an important point, because it also destroys the finding of "comparative advantage" due to an "over-valued" dollar while also enabling China to make their own people work harder for less. The argument from the Mises/Rothbard wing(who I mostly agree with, except on this topic) was "So what? Let them give you stuff for cheap!" You can't be self sufficient industrially without a gold standard(or some other commodity standard) that keeps every country "in check" and currency honest so the actual "comparative advantage" can be understood. China has successfully waged an economic war on the US in that regard, "out printing" the US to keep exchange rates low over decades while the US industrial base gets slaughtered over those same decades. Did I make my point clearly? (I hope so)
Thank you Russia, China and BRICS for igniting back the hope that I thought was lost. You showed me that small and weak we may be.. but when united and fighting for the common good We can defeat all forces of evil no matter how strong they are... and that we can start the pace to find peace to face the world in phase of trouble
The annual average wage of a typical Chinese employee is around 3,51,600 Yuan (USD 54,422). The median salary in the U.S. in the second quarter of 2022 was $1,041 per week or $54,132 per year. China manpower cost is higher now. China is outsourcing manufacturing to cheaper neighbors like Vietnam..
Schiff has been spot on for 20+ years. Back then Housing & Autos were half what they are today. Food was less then half. Inflation is stealing wealth every minute of every day.
"There's one overriding fact. The entire financial system of the world is in private unelected unaccountable hands, the hands of people who meet in absolute secrecy. The Bank for International Settlements (BIS) every four five six weeks has a meeting of the top governors of the banks, and they meet in absolute secrecy. And they have the big banking families and so forth, they all meet up. The 'minutes' are never made available and they decide on the money creation and the money supply of the world. But none of us are allowed to know anything about it." ~Justin Walker, 03/20/2023
@@paulozimek276 even they get their money from the people. The people's labor. That's the collateral for borrowed money , or debt, the government asks for. Thats only possible through forced income tax, federal income tax. The way to put a big crimp in the style of this mysterious evil is to REPEAL the federal income tax AMENDMENT and property taxes. It would ruin their whole game.
I like listening to Peter Schiff. Hey Peter, for me it’s not doom and gloom. I enjoy listening to people who tell the truth even though we are perceived as strange.
The WHITE MAN has learned nothing in history. So they brainwashed non-whites to forget their history so the WHITE MAN can relive his glory days of power, privilege, and social elite status.
Thanks for the good summary! Now is the perfect time to start buying BTC if you are just being introduced. I just made my third withdrawal yesterday for 2023. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Brian Fischer for helping me get into his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Brian Fischer..
I agree, I was on the sideline for awhile observing, trying to figure out the best time to get in, that was before I came across Mr. Brian , commended by a pundit on Reddit, reluctant at first but I went ahead and got in touch with the Mr. Brian, long story short, it's been 3years and counting and I've made over 1.5million dollars simply by following Mr. Brian Fischer guidance. I took a vacation to Bahamas late summer just to reward myself a little for the consistency..
Mr Brian Fischer has been such a blessing to me, my colleague got me involved in this and I can't thank him enough, my first placement was a little amount of Bitcoin and my investment has been growing so well even with the current dip..
I have also been trading with him,The profits are secured and over a 100% return on investment directly sent to your wallet.I made up to $110,000 in 2months trading with his platform...
Never missing out on an opportunity to grow my portfolio this year and aware of Mr Brian D. Fischer, I've read reviews on various investment forums. I bet your portfolio must be solid.
Wow this is not the first time I have heard about this Gentleman Brian Fischer and him amazing skill set, I heard he even takes 15% commission on his trades but I have no idea how to reach him.
I don't agree, I think the fed should jerk the bandaid off. SVB was a regional bank and after all the tech layoffs the bank was vulnerable. Hiking interest rates does put stress on the system as a whole, but SVBs failure has been blown way out of proportion. Same for credit suisse which has been on life support for a while now.
Inflation is like a fire in the engine. You need to push on the brakes or the whole vehicle will explode. Also, banks shutting down is a necessary thing to happen for the economy to adjust. Just like pulling a Band-Aid or taking medicine can be unpleasant in the short-term, it is necessary to maintain long-term health.
A timely lesson to businesses to diversify their financial holdings and reduce risk comes from the recent bank bailout. To avoid substantial losses in the event of any financial unrest or market downturn, it is imperative to distribute cash proportionately across a variety of investments. What's the best method to profit from this bear market while I'm still debating whether to liquidate my $217k stock portfolio?
Increased losses for portfolios are anticipated this quarter as a result of market drops, skyrocketing inflation, a large rise in interest rates by the Fed, and rising Treasury yields. Only a good FA will be enough to guide you through the current market volatility.
@@hannahdonald9071 I've been speaking with a coach named Maria Juliana Ramirez for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
@@graceocean8323 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@trazzpalmer3199 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so
I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
Liked your sit down interview with Meet Kevin released about a week ago. It was a candid interview. exposing the FED mismanagement of the monetary system for a decade.
We are always too early or too late. So we, like Peter, have to take a little pain for a long time, so as not to be eradicated, in a few minutes, because we were too late.
I’m in the UK and am paying close attention to what’s happening over the pond, how do you see the incoming crisis in the states impacting us here in Blighty??
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 13 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a while now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
@Phil Stones Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@Phil Stones Thanks a lot for this. I really needed the recommendation, and I would love to move my funds from an existing mutual fund. I'll check her out.
The word they use is to be diversified. I have stocks, t bills, money market, S&P index and Russell, along with cash. You need to decide based on your emotions.
I have only listened to Sir Peter for less than 2 months. But he is unbiased is not selling anything. Seems like he loves what he does. I appreciate your analysis.
Canada has 5 year fixed but nobody uses it. At least for the past 15 years not anyone that's 40 and under. They all take variable which is adjustable. The banks are holding off mortgage rates right now. Even though they've been increasing rates since March 2022, the Mortgage rates stopped around June, I haven't noticed the increases at the central banks continued to raise them.
Excellent interview. I have a halo for Schiff - so obviously this is a great interview but the substance is what matters! Peter speaks the truth - and I do research what Peter is saying to figure out truth. He's right. Ignore it at one's own peril - certainly not for me.
Along with massive spending cuts and discipline, American adults could surrender $3, $5 or $10 per month to be paid against the debt and then taken out of circulation. It seems small and insignificant but the cumulative effect would turn the ship around and point it in the right direction. It's time to think, speak and act with humility.
What for when gouvernments are giving Ukraine over 100 billion in cash and billions in arms without tracking of were that money is going, aside from Biden 10%!!
Wow. Excellent interview! I'm making my list of American companies that make their goods 100% on US soil. Thanks Peter! I think China will cut the cord next year.
I don't think China will be the one cutting the cord, the american government will be cutting the cord and blaming the price hike and empty shelves on China.
Peter's King/Monarch analogy is brilliant. When I think of it he is right. Queen Elizabeth prospered and her Empire grew. Dictators not so much. Democracies like Athens, not so much
Hans Herman Hoppe has made similar arguments in-depth. Monarchs are the ultimate private property holders, thus they have more long term incentives to protect their dynasty.
Peter Schiff, Marc Faber, Jim Roger's, Tom Woods, Ron Paul, and a number of people at the Mises Institute. Unfortunately, they are not in positions to stop government's interference.
No Blockchain removes the need for trust in a third party. It removes counterparty risk. When you hold Bitcoin, it is indisputable that it is yours, just like a physical gold coin/bar When you create a decentralized ledger of gold holdings, the blockchain CANNOT keep track of who is actually holding the coin. There always needs to be a person who broadcasts to the blockchain that they hold the gold or that the gold has moved. But they could be lying. You CANNOT audit the gold holdings across the world Blockchain can only keep track of itself - digitally proving ownership of digital entries on the ledger
Gold is held third party at Brinks or equivalent and coins are “minted” and value is set against a hard asset instead of created outa thin air and valued against the buyers opinion of worth. Bitcoins value is only worth what someone else will pay for it. It has zero intrinsic value unlike a gold or silver backed coin that would have intrinsic value even though there will be third party risk.
@@1solo2mercedes So, your idea is to add more counterparty risk to a bearer asset. Not sure you've thought this one through. PS Dirty little secret for you; everything is valued against what a buyer will pay for it. Intrinsic value is meaningless mumbo-jumbo used as code for "you can touch it" by gold sellers. Don't fall for it.
China CAN potentially save the world from crashing, BUT the question is WOULD they want to save certain countries from collapsing, such as america, England, australia, Japan, and South Korea, just to name a few.
I'm not sure the Western world collapsing would help China as it is a major world exporter. If it could find markets elsewhere then maybe yes. I think slow but sure might be more in China's interests. It is going to become the world's greatest economy and superpower anyway.
@pedroafonso279 China saved america from collapsing back in 2008 which rippled outwards to other counties. Where's lehmen brothers banks now? - BANKRUPT like some other banks within the past few months/weeks in america
Peter - look at you putting on a jacket today. Looking good and sharp. Your doing a great job explaining the scene. I always look forward to your latest take on things.
@@MrTiltmealot He has interesting ideas that are backed up by good evidence. But the world is complicated and no one has all the pieces. I'd like to see how their respective compiled information stacks up head to head
@@ryanviningtube I don't know if you know anything about how the economy works. I can tell you that Peter knows shit about economics. I almost had a seisure listening to him that the Chinese economy will collapse. Trust me the western economy will collapse first in any situation how future will be. Except a war between the US en China is a chance for US to keep their hegemony... China is already way too big for the west. They have the support of the middle east, africa, south america and most of Asia... Their tech is way more advanced for the west and it takes decades for the west to keep up
Britain as part payment for the lend lease scheme after ww2 handed America control of the global reserve currency. I wonder if China will ask for its currency to be the world reserve currency as part payment for the debt America now owes it?
China will never do that because they don't trust US. Signing any deal with the West is like putting an ink on the toilet paper. We have seen US broke of its promise not to expand NATO, it's aggressive posturing in the taiwanese trait and Minsk agreement.
Peter is a great interpreter, using simple words to explain the current economical situation in US, Amazon and Walmart without Chinese products, they worth nothing. US dollar is going down substantially for the next few years. Peter is giving you warning now, great Guy.
So wonderful that you’ve been able to give Peter the time to explain in detail all aspects of the current economic catastrophe for the benefit of us eager listeners. Many thanks.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
trading with an expert is the best strategy and also profitable, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last two months in CNBC world news and decided to try him out...I'm Expecting my third cashout in 2days
Oh I remember him, Fergus Waylen, a brilliant market enthusiast with new strategies. I signed up on his platform some months back, it has been productive for me
If gold backs up Crypto Currency can't our govt seize the gold by law thus destroying that currency? (If we store gold in another country, then we become dependent on their laws, which is risky also). Is there a solution to this dilemma?
It all depends on what jurisdiction the PM is vaulted in....."property rights" used to be sacrosanct in the US...but no more. PM vaults located in jurisdictions with high regard to property rights help mitigate confiscation....(meaning outside the US).
these things don't happen overnight. If it becomes clear that a government is potentially getting grabby, then the owners of that gold would get their deposits the hell out of there very very quickly. We have examples from history to teach us. Roosevelt was a socialist. Socialists are inherently "grabby" with other people's property. If a country could potentially elect a socialist, then the gold should be instantly withdrawn, years in advance. This could be a good application for AI. The AI would detect when the bullshit is about to occur, load the gold onto ships and get it out of there.
This man has been CONSISTENT for decades now, obviously he is able to evolve his opinion whilst still being true to his code of COMMON SENSE thinking, May he NEVER change.
There's going to be more and more incentive to take payments in gold/silver based on the velocity of depreciation on the USD. I am assisting in these efforts with local people - that's where it all starts.
I warned 4 ppl, they all laughed and mocked me, now 3 are begging for advice or help in their first purchase of precious metals. The 4th family continues to door dash and live like lockdown. They spent $160 on sushi but had to wait for their check to clear. I suspect they'll come begging but it's too late. My fear, they come begging, I turn them away the return with a gang? What do I do??? Eat em😂🤣🤷♀️
So its rare, oh what a bad quality for money.. A ford mode T would cost you for 300 dollars in 1923, now we pay 30 000. The volume of money is irrelevant, the value is the point mate.
I have been following Peter Schiff since 2006. I noticed that when people like Peter who spoke the truth about the state of affairs and tried to warn others, not many people listened but they rather listened to the main stream media. I sold all my stocks back in 2007 when the gains were at the highest. I never buy a single stock since then because the entire system is a BS... Good job Peter !
