“CRISIS, Much Worse Than 2008” | Peter Schiff
Peter Schiff, Chief Market Strategist at Euro Pacific Asset Management, break down the perfect storm hitting the U.S. economy. Schiff explains why America is headed for a deeper crisis than 2008, how global capital is fleeing U.S. assets, and why he believes the gold bull market is just getting started. Schiff also takes on Bitcoin, stagflation, and the collapse of the dollar’s reserve status.
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CREDIT:
Peter Schiff
X: https://x.com/PeterSchiff
Websites:
https://www.schiffsovereign.com
https://www.schiffgold.com
YouTube: @peterschiff
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41 Comments
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this Jan. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve
Ja, Peter, if you want to hit bitcoin you'll find a stick….
Go figure!
Can't compare apples with salmon🙄
Amazing truth
Don’t listen much to this neo – guy. You will loose a lot of money.
It’s strange to hear how we’ve been living off borrowed time and money. I used to think all the talk about debt and foreign trade was politics, but now it’s hitting home prices are up, savings feel pointless, and I’m honestly nervous for the next year.
American exceptionalism is finished.
This guy is cra cra
Buy silver etf's every month. It is underpriced and commercial demands for it are rising and production dropping. I see a double or triple over 2 to 5 years. A great return in anyone's view. Stick to tangible assets folks.
Everythin is fine…. Great really. As long as we can turn the money presses on we are in clover honey.
So wrong for so long, but sooner or later he might be right.
I bought gold that's in the ground and it has not "panned" out for me.
He doesn’t mention the fact that America has more than enough money. He doesn’t mention that the reason America has to borrow so much money, is because the rich and corporations don’t pay taxes. Taxes are paid by the middle classes and the poor. The same goes for tariffs. They are disproportionately paid by those who have less. The rest is window dressing.
Mr. Powell is not an economist ,
HE does not have the qualifications for the job
20 years of war in Afghanistan! Imagine the cost for that. Taliban took over the country anyway!
Corporations sold out the American worker starting in the 70s. And out government was complicit.
How does it work when I use depreciating dollars to buy a brick of gold that doesn't grow and gets older
..only for me to get MORE dollars than l originally had.?
Sorry Peter, I have been broke all of my life so I can't buy any of your silver. I think I have like 5 silver coins saved up since. UmI was born in 1969. Taxes, rent, groceries take everything.
this guy has been saying the same thing over and over for many, many years and nothing ever happens but probabilities say: things will eventually happen, not because that guy is a genius.
Over the last 15 years, the stock market and broader economy were heavily influenced by over $8 trillion in Federal Reserve Quantitative Easing, but given current conditions, it seems highly unlikely that the Fed will repeat this on the same scale. Unlike in 2008, when QE was first implemented amid mild deflation, today's environment is marked by persistent inflation risks. If the Fed were to restart large scale QE and drive real bond yields deeply negative, it would quickly become the primary buyer of U.S. government debt, a scenario that risks fueling double digit inflation. With a $2 trillion annual deficit and over $7 trillion in U.S. Treasuries maturing each year, the government faces significant refinancing challenges, making uncontrolled money printing unsustainable. In this volatile landscape, strategic investing has never been more critical I’ve grown my portfolio yielding 520K from active trading in just a few months, thanks in part to Alison Bruce deep market expertise and disciplined approach.
Fully 25% of the posts on this board are from Peter Schiff shills…
This guy is full of shit. And he has been a rabid gold bug for more than 25+ years (I first heard his nonsense in 1999.)
He's been warning for years now. Sooner or later he'll be right.
Garbage opinion; incredibly illogical. Unsubscribe.
Trump is playing 11 dimension chess!!😅
We produce dollars lots of them, fools buy them. We also produce welfare people that never have to work ever. We produce full prison systems, Democrats make higher census counts, bye importing illegals. Boeing aircraft produces crash sights. USA produces the best military in the world with fake money. Soon the game ends, hopefully. Hopefully we can produce a balanced budget, and a plan to pay back 37 trillion.
The dollar is almost worth two cents.
Crapto is just Fiat Ponzi.
Carnivore menu Baby!
"Titanic" full steam ahead…
All the dancing around the golden calf…bad times are here
I listened to this same commentary from Peter about four months ago.
They will print money to save everybody from going bankrupt, put the interest down to 0 again, and inflate away the debt. Which means that the stock exchange will go even higher.
You need to listen to Professor Richard Werner. It’s all a rigged game.
P . S. This Is The EVERYTHING Bubble !!! The World 🌎 Is That Bubble !
A.I. and The NWO !
Control ! The Mark Of The Beast ! World War 3 ! Wake ⏰ Up It's All Ready Started !
The implant , Total Control ! The collapse of the Dollar !!!
And WAR ! Thermal Nuclear War ! The globalist planned to kill everything on the planet ! Think About That For A Minute !😢😮😢😮😢 !
I respectfully disagree with you Peter. America was sold out by the elite while countries were ripping us off at the same time.
It's gonna be 10,000 times worst ! in the great depression !
It's gonna be a 100,000 times worse than 2008 !!!
Good gravy they dont buy our debt. They use it for collateral mostly in Eurodollar swaps. We all collectively in the US own the vast majority of the debt. You along with this idiot Peter. Now the fact he is a total idiot makes me wonder how he made his money…..hmmmm let me think about that. Oh thats right he tried to start a bank didnt you pete. Rick rule is doing the same thing.
Nothing wrong with outsourcing manufacturing to China or whatever … but … then the revenues and profits get back into the US I guess,, well TAX these companies equal to other companies inside the US so the debt will shrink. Outsourcing happened too in EU towards lower wage eastern countries as some countries literally ' spoil ' their work force. They have to give them a free car,, free cell phone, , free this and free that otherwise you cannot even find work force anymore. That is the reality in most industrialised top EU countries where thousands of foreign eastern workers do the jobs most Europeans do not want or just cannot do anymore,, but in the end of the day ,, the profits are taxed equally in the home land country.
Lol, Peter can't stand that BTC has outperformed gold since inception. Bitcoin lives in his head, rent free .😂
Trump thought he had the COCK in his hand, but he had NOTHING😂😂
The rich make profits by invest money to make money. Not actually producing physical items. So citizens will pay more for physical item, sending citizens cash to other countries, who produce the items. The hyper rich own the physical items in other countries, by being members of private equity firms. The circle to keep families POOR.
We don't produce
This is what happens when a Peter Shifts.