Game Over for the Fed 

It’s just paper 🤷🏻‍♂️It’s such a strange world. ✌🏻

Eric Palmer And gold is just gold, but ye your point is correct still. Why does anything have any worth at all? It’s all just materials at the end of the day and without monetary worth they can’t be worth anything in the 1st place. It is a strange world for sure

I've only got the 50 trillion :-(

Idiot

Yep I got one too I heard the currency failed when the newly printed 100 trillion was being shipped to Zimbabwe lol. So they were never used.

The thing is, countries would rather buy more bonds from each other, rather than simply return the money because debts are consider “assets” in the rules of accountants.

but if you're just printing it you're not really "borrowing" anything . . .

Sadly, you are 100% correct! There is no way out of this mess. UBI will happen soon.

Randy Best The problems of UBI is that the government giving everyone money by raising taxes, into a point people would rather stay just bellow the bar of “wealthy” so they won’t have to pay extra tax. Peter specifically talked about this before in the video when he was talking to the protesters I. Wall Street few years ago

@@randybest9187 Sorry, but what is UBI?

I love that!

the ultimate abbreviated and yet almost complete summary of why the whole system is failing! thanks! Original?

Sadly, the lesson is learned after a painful finale.

Some kids need to do it repeatedly to learn.

@A R And Shiff was right in 2008 and now. The only reason the '08 crisis was mostly averted was because the governments saw no other option than to bail out the banks and corporations that were Too Big to Fail. Ironically however those same institutions were what brought us into the crisis in the first place, and with the bailouts they learned that they could continue their reckless loaning practices since they now know the government is there to bail them out. The current crisis that's happening only came about because the virus provided the perfect catalyst.

the rates need to go back up... lowering them by 0.5% and 0.25% does absolutely nothing, it's been proven across time. bonds investors getting squeezed out to equities across the board, another correction is coming sooner or later, only this time... it might be worse than March

Quadripple, mate. Quadripple.

@@Lavabear120 That's the stockholm syndrome talking.

How will this end? Should we buy stocks and sell them later when it doubles? Or should we stay away from all that?

Nuh $100 big mac is coming only rich can buy

Is Big Mac even a good burger to begin with so one has to attempt to shell out even just a dollar or quid to purchase one?

the "value" meals are almost $10 now. I don't think they even call them "value meals" anymore.

@@johnames6430 "High-priced meals" that is!

Big macs used to be way bigger too they shrunk them i remember in the 80's when they had foam clam shell boxes

No, They are working together. The riots shows the government is not afraid of the people. The cops can do whatever they want. The money gets transferred from the people to the government.

same in Europe, UK, Japan and China

@@averageblonde5496 Not at all. The world is in Chaos because of the evil global monetary system.

But hey, the stock market is up again today! 😑

@@JohnMac3837 The monetary system is a fully-loaded schoolbus accelerating downhill with no brakes and madmen fighting for the steering wheel.

@@SG-ji5ij If that's not a dead give away for a looming disaster I dunno what is

yes, because fed is controlled by elite. elite owns governments they give no shit about currency. They in any case will stay in power. no matter what currency there will be.

you'd probably have said the same thing about Herbert Hoover!

I am amazed at his speaking skills. I have to edit my talks to remove pauses or rambling tangents.

This is when you know someone knows what they are talking about unlike the politicians that needs per-written statement so they don't reveal how much of nothing they know.

The fed is a helpless mechanism that can only respond to inflation and employment. If inflation does _____, then the fed will do _____. Therefore the fed cannot be blamed for anything since machines cannot make decisions. The blame lies with congress.

@@YouReadMyName Sounds like congress is to blame. The fed is a machine, a tool, a brainless cog.

@Oni Tora No, a mandate from congress controls what the fed does and that mandate can't be overridden by the government (ie congress) except by removing or altering the mandate by passing legislation. Greenspan is basically saying the government can't micromanage the fed, but actually they can if they pass legislation, but they haven't... and that is who you blame. They want you to blame the fed because it's a red herring that takes the focus off the real bandits.

@@bluenami7520 You must have missed the memo that the Fed is not a government entity

I hear ya, my man. We are same age.

It is going to.

Don't forget all the illegals and LEGALS who can't speak English in the USA driving down wages for the average American . WE WILL ALL BE WORKING FOR TACOS AND PESOS BEFORE LONG

@@UberGastronomer go to CNN youngster the adults are having a conversation

Nice but Q Infinity and beyond works better

Beauty analogy 😅

Ah, a fellow George Gammon Connoisseur.

In 3 easy steps... step number 1! Haha.

Lol.

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-npJ0CUT8d_Y.html

his books are useless. peter schiff sells gold.

Reading that one right now! Its fantastic so far.

LOL Videos government prints a bond (a promise to pay back with interest like an IOU) the fed buys these bonds and transfers digitally the funds to the government, treasury then prints out what they want to print out and transfer digitally what they want to transfer to which ever sector needs it. What they doing now is running up debt and crushing savings. Running the debt up on the country federal level, on the states and on the cities and on the citizens. Run up the debt crush the savings. And then once the debt is very high they will stop buying bonds which means no more issuing money. The squeeze. Once the fed stops buying bonds then banks will stop loaning money. They will make rates negative maybe for their cronies will only get the loans at that point. I’m pretty sure they will put the squeeze on then the stock market will call all debt overnight big crash domino effect. The main trick is they are disguising this as a natural occurrence of the economy but in all reality it’s very well planned and artificially manipulated. After some years the fed would resume buying bonds. But I think where they are really going with this messing up every country and then in the end say we need the world bank and IMF to save the world, every country is too messed up. NWO. SDR currency for all

2020 is expected to come they plan things to stop econmy fall down.

Word👌.. You can't be wrong pushing gold and silver. Basically real money and those Fiat money especially those 🍁 Canadian dollars loses all purchasing power these new plastic bills won't be good to even used as toilet paper to wipe ones ass with. That is the common faith Fiat plastic paper will eventually be crashing down too taking in its downfall all the naysayers and dumbed down unconscious empty vessels which describes 98% of our society along with the ride . I basically expect a total collapse of America and the whole world and a die-off similar to what happened to dinosaurs is what would inevitably be the consequence and its conclusion. Picture a scenery straight from Mel Gibson movie MadMax. Stalk silver, seeds, rice, beans, anything you can

Greg Souza Greg Souza goldmoney, it‘s a company named "goldmoney“ he talks about it on joe rogan if you don‘t wanna watch the whole video you can just look up "goldmoney peter schiff" you will find it on youtube

Greg Souza you hold gold and silver because it’s real money and you sit back and watch the fiat currencies collapse, hyperinflate, and struggle to stay relevant.

@Greg Souza There is no point spending gold and silver whilst you still have fiat dollars that buy stuff. The idea is that you spend the bad money that will devalue first and then you have good money that holds it's value.

Samir Dončić are you serious? Look at price action and tell me that’s not manipulation, it’s just controlled by BTC whales, BTC is greater in that in can’t be printed, but it is manipulated

@@andrews6492 People like that are imbeciles. The movements as soon as BTC went on the market were blatantly being manipulated. Rise to around 20k and fallen off since then even hit 3k lol. It's a joke, once it hit the market, it was dead in the water and open to manipulating.

Stop listening to Peter lol

Because American generations overtime have become complacent and forgotten the purpose of the constitution. Its been said by Walter Williams that it's not the sole duty of the supreme court to maintain the constitution but the duty of us as American citizens we have allowed this government overreach.

It's not sad it's a time of joy to see the back of this evil country. Good riddance.

The United States was never the "The land of Milk and Honey," grE68. That is a Biblical description and has nothing to do with the United States.

@@gabriel-uc1uz if america really loves its constitution then it should not be ammended in the first place

@@supersurfer1 Careful what you ask for, it is virtually impossible for the US to decline from its dominate position in the world without a nuclear war. Not that a nuclear war is necessarily a bad idea, it may be the only solution in the long term, but it won't be fun.

Just really good at pump and dumping his gold. Rofl.

The FED knows exactly what it's doing. Theft theft theft.

A lot of people weren't happy with his take on the George Floyd incident so he took it down. He'll upload another podcast but with that topic removed. It's a shame because it was really good imo

@@NoBody11010 lmao, I want to see this so much

Sad I missed it. He's the bomb

Jeffrey Harper when governments print money to make up for a loss, each single dollar reduces in value. This has happened in China, Germany and Japan after their loss in wwii. Economy is a balance of wealth. So let’s say there is 200lbs of gold valued at $200m. So the fed has $200m in worth. But they go and print off $400m in cash. Well now you have $400m that is supposed to represent the value of 200lbs of gold. Well 200lbs of gold is valued at $200m. So no, we don’t have $400m. We have $200m. If the fed goes and prints off more money than is valued, the value of the dollar declines. We have seen this time and time again. Don’t believe me? Look up photos of Germans lining their walls with stacks of money because it was cheaper than insulation. The assumed German government was punished with paying for the damages of the war. The government printed off loads of money to try and help. But if you don’t have the wealth that a dollar bill represents you don’t have the trade equation. Dollar bills are bank notes. Governments that print more money to compensate for a lac of resources devalue their economy and create danger for its citizens. No, our fed should not start ramping up production of print money. Print money is not valued by other countries. Gold is. Print money represents gold. But now a days represents credit. Credit only works when there is an understanding of value. If you are a baker and sell 6 cakes. But only have the flour for 3 cakes. You make 6 small cakes. Your customer has paid for a BIG full cake. But you don’t have the resources to make all your orders unless they are half sized. So you do it anyways. Your customers will go, well hey this is really small and not worth what I paid for. But you go, well yea. I had only enough to give you 1/6 th of my flour for this cake. Do you really expect your customer to understand and just go, “okay thanks”? No you have created inflation in your store and now you have 6 unhappy customers. And you have ruined several birthdays. Thanks fed bakery! This is called inflation. It also manifests itself in cities like San Francisco, where there is a lot of wealth, and expenses are high, shop owners “inflate” prices to help pay for the same goods and services. The same stuff for more money is inflation. And causes a crisis. If you want yields to be low, don’t borrow money for unnecessary things. We can pay off the debt. But printing money is not going to help. Exporting goods would help. But we don’t manufacture here all too much. And what we do manufacture we use here. So. It’s a bit of a dilemma we have found ourselves in. Peter is right here, we need to stop trusting every word we hear from or leaders. Really sad I have to say that about America. But this has been a long time coming. Some 40 years. This is a real issue and we are seeing it unfold in front of us. So no, we don’t want our government to perpetuate these bad interest loans. We need to stop taking loans and stop borrowing money. We need to make stuff and export it. Do other things. Be a leader in alternate energy and sell it to the world... Printing money helps no one. Sorry.

@@HavokFish Very well said. Maybe the best little lesson on inflation that I've read over the last 25 years or so. Thanks Stewie for taking the time to answer the question.

Good point Jeffrey Harper. All the new QE money has either flowed all over the world or resulted in Asset inflation rather than consumer price inflation. So not the same kind of inflation problem as the 70's (which UNIONS played their part in). I think you're right except, it'll flow into the hands of anyone who knows the system (not just the 1%). I just borrowed a ton of money to buy stocks on the dip, 1.6% interest rate. I'm not part of the 1%. Maybe someday.

@@seanhurley4003 i did the same!

@@HavokFish Wrong, monetary inflation does not have a 1 to 1 correlation with consumer price inflation. Especially when the majority of it goes into financial assets.

Valenzuela had worst economy ever and there stock market increases like no other. Bottom line: increase in stock market does not mean economy is good. It means there alot of paper money.

Drug induced bullshit by the Fed.

Stock market artificially inflated using debt. This brings people's confidence level up. An illusion. The people have been thought to correlate the economy to the stock market, so just makes numbers look good on paper and people will believe the economy is good.

@@davidl2033 Yeah i was watching it.I was thinking,just skip the topic peter nothing good will come out of it.Just stick to monetary policy.

Except if you’re a paid up member of the Top 1%..

global financial reset perhaps?

Yeah :) spot on mate

They don’t even have to print money, just change the decimals on the market over to the left or right.✌️

Price inflation is a function of supply and demand. Money supply is not a variable in the equation and is only relevant to the extent that it affects demand which is a function of who gets the printed money.

We've had the deflation, its inflation from here on

@@mw01908 Zero chance of inflation until taxes are raised on the rich, which is essentially a zero chance as well. Inflation is absolutely impossible until taxes are raised.

What does inflation have to do with raising taxes on the rich?

@@diamagus2512 yeh, that has me confused as well. I don't see tax on the wealthy as being inflationary. I believe there needs to be greater taxation on the top wealthy few percent, but that is more likely to be deflationary than inflationary.

And yet he is not right !

@@zibtihaj3213 why not?

goku the great can’t wait to hear this one… *grabs popcorn*

6⁷7⁷

I only have an MBA, and economics/finance is its own language - IMO he seems to, but he does beat his chest a lot saying "I told you so!"

schiff is shameless

​@@internaltissues5648 i wasted years listening to this silly selfish gold bug

Thank you!

jojoeb16 What if that's your only choice? Just don't vote?

@@lyndabrown3402 , Ron Paul was our best chance.

Trump is a fascist. Not going to push socialistic ideas.

Because war spending has the highest priority

i think they took it down

How? You're not in charge nobody here is.

They are politicans, degree in law not economics. They are stupid. Notice every project governments want to do end up super expensive, low quality and innefective.

@axertrybal There is a saying “possession is nine tenths” for a reason. Just some food for thought.

axertrybal they’re will be two currencies in the world soon. The government and fed will issue digital currency via rfid chip that you’ll be forced to take or die. For those who don’t they’ll lose homes etc that will cause the emergence of an underground monetary system silver coins gold to buy food etc from trusted individuals who did take mark because if you don’t take you wont be able to buy or sell. Plus those who didn’t will start a true bordering economy think demolition man.

Not as long as they kept rates low so the economy could continue to boom while he was still in office

Specifically and intentionally.

Top Kek 123 01000111 01101111 01100100 Some bombs dropped in this article. www.bloombergquint.com/gadfly/federal-reserve-s-financial-cure-risks-being-worse-than-disease

Fed

The dollar will not collapse before all other currencies have collapsed. Our GDP to debt ratio is better than EU, China, Japan, and UK. The USD is printing less than those 4. Don't forget the US is a world reserve currency. Very hard to unpeg the USD from global markets.

@@milianisanchez6894 Not better than INDIA, CHINA(INTERNAL DEBT) aka BRICS. No trade during CORONA what's the use of RESERVE Currency. Moreover INDIA has tons and tons of GOLD RESERVES to create a new MONETARY SYSTEM.Where INDIA is a Market in itself. If INDIA goes in to ISOLATION MODE (No Imports and Exports, banning all foreign Products like COKE, Pepsi, Nestle and P&G) for 3 months the WORLD will collapse.

If the USA falls, so do the FRB, the IRS, and the other Luciferian globalist elite organizations, as well as the Luciferian globalist elite.

Pax Humana wrong, they get even more power. This is a globalist organization and they’ll take all of the intellectual assets with them and buy up any hard assets the deem valuable.

@@DonutIgnoramus The game is up for the Fed. Civil wars have a way of changing things.

@@paxhumana2015 the only one falling is us citizens, that is why we need to prevent idiocy and reveal economic and political truth to the people.

🥇🥈🚀🚀🙏🤗

Democracy destroyed by oligarchs. History repeats.

I been thinking that

China brought up all the gold there isn't many nations with enough gold to support a gold standard

@@dalehumphrey4264 And China's imploding... good luck with them keeping all that.

@@dalehumphrey4264 We still have more per capita, and gold can be divided very small bits. Of course it won't stay at the current price, and that's a big reason stackers want it to happen so bad.

Thats exactly what they want. Full digital currency with no limits on control. We need a gold standard back or its suicide for us regardless.

This was from January. Since then, we have borrowed what? 6 trillion for Covid relief? I'd say he was right. The Fed was used to delay pain once more.

He has said before that cryptocurrency could work, but only if its backed by gold, silver, etc.

It would be great if bitcoin or another crypto coin became an adopted currency. But there's hundreds of different ones, some better than bitcoin. It's volatile, and not backed by anything. Maybe some crypto coin will become the global currency in the future. That would be seriously great. But I'd rather store my wealth in something that has a long track record of holding value. Crypto is more of a wildcard for now.

@@therbeeo5364 biased opinion, this man wants you to buy gold because it's in his best interest. Bitcoin IS defacto digital gold, there's altcoins that can be really useful but nearly all of them are shitcoins. I only use them for open-source project, not in order to make a quick trading profit, we're not in 2016 anymore... At least, only privacy coins are useful for 99% of you : (in order to buy illegal stuff, or simply porn material if you don't wanna be spied buy you banker). If you're not familiar with software, than just buy precious metals, wine, collectors obects.. instead of Btc

@Tinny Foiler you can't technically say that since you have 670m dollars of BUY liquidity right now (this exact instant); you might not see the value, but others do, and therefore you literally cannot call it worthless

But now is real the end of the dollar is coming and the end of the empire too all the empires has a end

Dolar is stil best money in world peter is seling gold

With the Petro dollar tied to outside investments. And now OPEC is allowing other currencies to be used to buy oil, the dollar is going to lose influence and strength around the world. Guess what happens when our dollar isn't deemed necessary to make business with oil anymore. All those dollars that we printed, won't be bought at a high rate by other countries anymore. We'll have ALOT more dollars floating within our domestic economy. Guess what happens then, inflation. Inflation leads to market collapse then to massive decrease of government revenue, combined with inflation, we have to make higher payments into our debt. Then the dollar collapses....the first part is already happening. The Petro dollar is coming to an end. If we don't back the dollar with something to make it marketable around the world then we are screwed.

@@jh299110 what do we do?

@@jayrodriguez84 leave the USA. Even it's not going to solve everything. Europe is the same.

social distancing

They did

Btc is controlled by the gov and owned by few look at its price all the volume is artificial, all these billionaires like Chamath love btc because they own a fuck ton of it

Why

@@F3ND1MUS He invested in bitcoin and now wants everyone else to jump in with him. If nobody buys bitcoin it will collapse and he will lose his investment.

@@JoaoBatista-yq4ml Welcome to America the home of Capitalism!

We wont because Biden isn't socialist, and that's why Bernie Sanders didnt win. But I will say that's worse that establishment democrats will have their way. But at least if Biden wins, the dems are gonna take the hit for having to deal with the recession. Who ever wins will have to pick up the shit the establishment has been leaving behind the past 20 years.

@@LostSoulAscension Biden is whatever he needs to be to win a election so that he and his son won't be investigated

@Nasdaq trader Beginning? Bro learn your history. You know what New Deal is?

@@walden6272 The new Deal was the best thing that ever happened for the American people ! Why should the corporate giants, the central banks , and wall street Always get the social welfare but not the citizems and the workers !???? Are you crazy ??

@@maxfastest you've got that 100% backwards. Every time the government gets bigger, the people suffer. Citizens and workers don't need welfare, they need a level playing field.

Karma

The end of usa . A time of joy to see the fall of this evil country.

They aren't into one either, The problem of Vancouver is the 1% investing in real estate like in London, New York etc