“We’ve NEVER Seen Anything Like This Before…” – Peter Schiff
Peter Schiff began his investment career as a financial consultant with Shearson Lehman Brothers in 1987. A financial professional for over twenty years and widely recognized economic and financial analyst and has appeared frequently on Fox News, Fox Business, CNBC, CNN, and other financial and political news outlets.
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CREDIT:
Peter Schiff
X: https://x.com/PeterSchiff
Websites:
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https://www.schiffgold.com
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16 Comments
THE BRITISH AND AMERICAN ELITES WANT TO GO TO WAR AGAINST RUSSIA AND CHINA BECAUSE
WE ARE EXPERIENCING THE END OF ANGLO-AMERICAN CAPITALISM
Current capitalism is mainly an Anglo-American fact and this is no coincidence. Two facts are at the origin of this globalist capitalism. The first is that England has been the dominant maritime power since the 16th century. This allowed it to move all over the planet and take over entire countries that it was able to colonize. But that was not enough. It took the industrial revolution which was born in England and which allowed it to industrialize the country, to mass produce and thanks to its navy and a small well-equipped army, to subdue entire nations like India and to make these territories inexhaustible sources of free raw materials and impose forced labor and consumption of goods produced in England on the populations. This is, in summary, how Anglo-Saxon capitalism was born. This system made England an empire on which the sun did not set. Then came the wars of 1914 and 1939, the hidden aim of which was to maintain British domination over the world, which was increasingly contested by Germany. What followed was a miscalculation which ultimately ruined the English empire and with it Europe. The big winner of these two wars was the United States, whose territory was not ravaged and which, instead of going into debt, became scandalously rich. What happened next was predictable. The United States cleared the British from previously conquered territories and replaced them there to establish their own empire on the same model, that is to say the theft and plunder of the wealth of foreign countries for the benefit of the great American capitalist monopolies and incidentally English. But the sixties saw countries revolt and demand their independence. This thirst has only grown and accelerated and thanks to the existence of the Soviet Union, these countries have often found the necessary support. Today this Anglo-American capitalism is dying because their victims are now strong enough to resist the plunder and thanks to China and Russia now have the possibility of joining an alternative economic system. This is, in a very summary, the history of Anglo-American capitalism which has lasted almost 500 years. No longer able to plunder other countries as before, it survived a few more decades by going into excessive debt but its debt became unbearable. If we add the migration of large fortunes to tax havens which worsens the public finances of the United States and other G7 countries, the result is an economic and financial crisis which will sweep away the entire system. The United States tried to save its system by repeating the 1990 attempt to pluner Russia by declaring war on Russia in Ukraine, but for a second time President Putin foiled this plan and this strategy backfired perpetrators and only made the situation worse. The Anglo-American economic and financial system, which in fact constitutes a huge pyramid scheme (ponzi system), no longer finds victims to slaughter, steal and pillage. In his last burst he attacks the middle classes and their economies but this remains insufficient. The debacle is therefore imminent and everything will be swept away.
Why Capitalism Needs Imperialism To Drain Wealth From the Global South, w/ Economist Utsa Patnaik
https://www.youtube.com/watch?v=6RF5vx1W_kk
USD is headed lower
have an international conference for stronger currencies and US dollar around world to lower inflation and grow economies
lower trade deficits and lower budget deficits!
BTC is the real hedge against inflation. Peter was wrong in 2010 and he's still wrong today.
Gold can see 2000 soon😂. It is a bull trap.
gold is a great government plan as when it becomes so common and the price goes up when you paid a thousand dollars an ounce and sold for three thousand an ounce that two thousand dollars that profit becomes capital gains and is taxed at thirty percent.All Countries will have a Gold Tax as it will be structured the same as currency.The concept is working and that is why buying real estate is a better option because you can buy and rent out a house and live a life of security instead of looking on the computer every day to see if your worth went up or down.Platinum is a good example of how fragile precious metals prices can be.
No wonder they all hate China it makes every one of them look like the morons they are.
The Germans invented the euro to devalue their currency, lower exchange rates makes exporting more attractive and eventually the economy grows by more employment opportunities and everyone benefits, continuing to import cheap goods is a bandaid over the problem which in the past has meant printing more worthless currency and living in LaLa land as world economies grow
"He's acting like a big spending Democrat." Are you serious? Democrats pay off our debt. Republicans cause recessions. Look it up.
Great have a good position but your investments have not come close to investing in Google Microsoft AAPL Amazon etc. you always cut down everything about the USA while never acknowledging that we have the best companies in the world!
Man, hearing gold dropped to $3300 with a target of $4000 has me seriously questioning my current portfolio. I’ve had so much of my money tied up in the S&P thinking long term, but now I wonder if I’m just sitting on risk. With the market this volatile and the “risk off” signals piling up, it really makes you think. Anyone else shifting their strategy?
The U.S. FIAT dollar has been devalued to about 3 cents since private banks took over the monetary system of THE UNITED STATES OF AMERICA COMPANY INCORPORATED.
Any truth to the "trillions" of dollars of gold still buried in Uganda ? If true, does America have the U.S. military controlling it?
No one knows the future, but, a case can be made that we are entering Stagflation where the Fed can’t control long term rates no matter how low short term rates go. And, the deficit doesn’t matter until it does. Trump went bankrupt about 6 times and crashed the economy once by mismanaging Covid. Again, nobody knows the future, so, be prepared for anything.
Schiff has been singing this same tune for 20 years. He's full of crap.