ECONOMIST WARNS: A Great Depression Is Coming In America | Peter Schiff x Jaspreet Singh

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  • Опубліковано 22 кві 2024
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КОМЕНТАРІ • 821

  • @MinorityMindset
    @MinorityMindset  Місяць тому +19

    Join Market Briefs for FREE and get my daily financial newsletter: briefs.co/market/jaspreet
    WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
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    • @arbor-sq4jk
      @arbor-sq4jk Місяць тому

      japan is the canary in the coal mine....they went full on dead beat 300% gdp lol

    • @Kody-xy3jj
      @Kody-xy3jj Місяць тому +3

      Peter Schiff is not an economist. He is in the gold business..

    • @CaedenV
      @CaedenV Місяць тому +1

      Caution, look out for scams in Peter schiff 😅

    • @adolft_official
      @adolft_official Місяць тому +1

      Illiterate thinks that continuously growing your pubic hair gives you some brownie points of heaven

    • @loungydoc
      @loungydoc Місяць тому

      Bro enough if your sky is falling headlines, shot has been done for eons and you gonna do the same ???? Come on bro free country I guess but you also can stop trying to use fear headlines .

  • @micheal_mills
    @micheal_mills 12 днів тому +568

    When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.

    • @donna_martins
      @donna_martins 12 днів тому +5

      Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.

    • @robert-1miller
      @robert-1miller 12 днів тому +3

      Very true! I've been able to scale from $650K to 1.2m in this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 12 днів тому +1

      if it’s not asking too much, anyway I could discuss with this financial advisor to help restructure my portfolio

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 12 днів тому +2

      I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

    • @robert-1miller
      @robert-1miller 12 днів тому +2

      'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.

  • @nuriy
    @nuriy Місяць тому +178

    I think the true question is… Will we ever see a politician say “to hell with my political career, I’m going to save this country from itself or die trying”

    • @lavidamia9
      @lavidamia9 Місяць тому +13

      JESUS WAS THAT MEN

    • @dylanneely91
      @dylanneely91 Місяць тому +9

      As far as real people go there's been a few that did in fact die trying.

    • @andreabowman-butler6130
      @andreabowman-butler6130 Місяць тому +3

      No, because people will leave.

    • @andreabowman-butler6130
      @andreabowman-butler6130 Місяць тому

      It's like the man that gives the young girl an engagement ring with no intention of marrying her. If she ever figures aour that her value is to attract other women and maintain his value ONLY, she’ll decide for her own best interest.

    • @Mysterygrimms
      @Mysterygrimms Місяць тому +3

      No. You will never hear that response in our lifetime.

  • @rickynorris1694
    @rickynorris1694 Місяць тому +215

    It kills me how the government thinks that social security is their money.

    • @Psycho_made
      @Psycho_made Місяць тому

      It is the government’s because they control it. They’ll take it at any moment. Get your head out of your azz

    • @agustintintin2126
      @agustintintin2126 Місяць тому

      Bingo!.....social security was a money gripping schemes engineered by those ruling elites in the first place as such policies been established!!!
      Only not too many little citizens shee_ples has realized such tricks!.....until getting more obvious now.....

    • @mondolilith7917
      @mondolilith7917 Місяць тому

      Yep, the Canadian government now tally’s our retirement (CPP) as part of GDP! They just upped taxes (across the board… but say they’re only taxing the rich with upping capital gain tax… but that’s the only tax that doesn’t come into play until June!… giving the wealth time to get out!). There’s an exodus of money leaving Canada, but the government is telling CPP they have to invest our retirement funds in Canada companies! What a bloody mess coming down the pipes!

    • @robertbunnell9590
      @robertbunnell9590 Місяць тому +1

      So your paying less for things ? This is a slow creep were getting much further in the process

    • @kirkpalmer1709
      @kirkpalmer1709 Місяць тому

      That's why the govt created SS in the first place...so they could steal it, not to help anyone out.

  • @trinistylz2002
    @trinistylz2002 Місяць тому +204

    The death of the middle class. Get your house in order people! Great interview!

    • @michaelcostin2384
      @michaelcostin2384 Місяць тому +16

      Absolutely. Useless Biden

    • @tylerstoddard6734
      @tylerstoddard6734 Місяць тому

      @@michaelcostin2384 Biden is about as smart as a 2 x 4 but this is much bigger than the president and it’s been going on a lot longer than four years. Issue is that nobody in office wants to be the one to let the house of cards collapse. They only need to keep things afloat for four years and then it gets passed to the next person. Left vs right is just a distraction to keep people against each other and not focused on the real problems.

    • @UndertakerFromWWE
      @UndertakerFromWWE Місяць тому

      @@michaelcostin2384Bush invaded Iraq and Afghanistan adding 20 Trillion and created a housing market crisis, Obama spent trillions bailing the rich out, Trump dropped rates way to low and added trillions to the deficit with stimulus, and now we have Bidenomics at play which have been a disaster. Long story short this problem was both parties fault can’t just blame one guy.

    • @dre44r56
      @dre44r56 Місяць тому

      ​@michaelcostin2384 it's got nothing to do with Biden. It's at Nation state level. Trump or Biden are just figure heads to keep you distracted.

    • @makaiokalahama
      @makaiokalahama Місяць тому

      Useful for destroying the US​@@michaelcostin2384

  • @jeffreycheng5984
    @jeffreycheng5984 Місяць тому +204

    "The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.

    • @papasquat355
      @papasquat355 Місяць тому +3

      God help us if we form our opinions based on Eustace Mullins.

    • @seanbrown2128
      @seanbrown2128 Місяць тому +2

      @@papasquat355had to google who this guy was, maybe he coulda used a different quote😂😂😂

    • @user-py7hg1eb5m
      @user-py7hg1eb5m Місяць тому

      Yeah I heard, Morgan, Rockefeller, Rothschild, Ford, Royals and Vatican were the owners?

    • @Bevo78
      @Bevo78 Місяць тому

      Who appoints the Fed chairman? The president. It operates like a cartel in collusion with the government.

    • @EroticOnion23
      @EroticOnion23 Місяць тому +1

      @@papasquat355 it's not an opinion, it's a fact...

  • @Vivienedouglass
    @Vivienedouglass Місяць тому +291

    Brilliant Video, especially put together by both Peter and Singh.... Jaspreet, I’ve been following your videos for months now and with professional help, I’m making outstanding progress with my money Decisions.

    • @MickyGlover
      @MickyGlover Місяць тому +5

      Absolutely agree! A pro can make a world of difference.

    • @Kaustavpatell
      @Kaustavpatell Місяць тому +3

      True. With the help of a financial advisor, I have learnt that as long as you diversify your portfolio, any single stock or investment that you own shouldn’t have too much of an impact on your overall return. If it does, diversifying might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding me profit

    • @donovantobs
      @donovantobs Місяць тому +1

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

    • @Kaustavpatell
      @Kaustavpatell Місяць тому +1

      Her name is Michele Katherine Singh She maintains an online presence. just make a simple search for her name online.

    • @Kaustavpatell
      @Kaustavpatell Місяць тому

      Her name is Michele Katherine Singh She maintains an online presence. just make a simple search for her name online.

  • @irmawhynacht3543
    @irmawhynacht3543 26 днів тому +8

    People will be faced with something they have NEVER experienced before!!
    Cut back, grow your own food( as best you can) hang your clothes outside to dry, no eating out. Cook meals at home.

  • @ptupy
    @ptupy Місяць тому +27

    Buying a home doesn’t make you a homeowner but a loanowner. This is the American dream

    • @helenbrooks4787
      @helenbrooks4787 Місяць тому +1

      It is not your land, it is the government's land. The home may be yours, until you don't pay your taxes a couple of years.

    • @AnuEl_Adonis434
      @AnuEl_Adonis434 18 днів тому

      We are ONLY listed as "tenants" on the deed for ANY real estate purchase! Cestui Que Vie Act of 1666- "An Act for Redresse of Inconveniencies by want of Proofe of the Deceases of Persons beyond the Seas or absenting themselves, upon whose Lives Estates doe depend."

  • @Bevo78
    @Bevo78 Місяць тому +23

    Thank you for inviting this great legend onto your show! What a treat!

  • @hunantrain
    @hunantrain 29 днів тому +211

    *YT Quick Survey:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?

    • @lukeangell2448
      @lukeangell2448 29 днів тому

      None!!!! considering the present unpredictable market volatility there are over a thousand reasons why the market is a no go especially now.

    • @tommybaldwin5360
      @tommybaldwin5360 29 днів тому

      Not true at all... Although the market isn't so stable at the moment, it isn't as sick as some people have made it look... In all honesty, as a beginner who knows next to nothing, I have made over $12k net-profit just in a couple of months... I'm a retiree, and I am using these extra resources to help pay for odds and ends that I want.

    • @BellaDyerg
      @BellaDyerg 29 днів тому

      Hi Tommy Baldwin, from my little experience your profit margin is quite stunning for a beginner. How did you do it; Do you make use of spreadsheets? Thanks if you reply.

    • @tommybaldwin5360
      @tommybaldwin5360 29 днів тому

      NO I have never used a spreadsheet.. It's of no relevance to me... I work with Kelly Marie Matwick look her up, she's good and regulated.

  • @peterschiff
    @peterschiff Місяць тому +89

    Thanks Jaspree for an excellent interview and the opportunity to connect with your audience.

    • @klayed
      @klayed Місяць тому +7

      legend

    • @jjwatt5126
      @jjwatt5126 Місяць тому +5

      The next peter schiff was right video will be epic

    • @patterson.sisters
      @patterson.sisters Місяць тому +1

      🙌

    • @TechTornado
      @TechTornado Місяць тому

      Thanks Peter. It was a great podcast

    • @mtb4657
      @mtb4657 Місяць тому

      I didn’t like his interview or his views on Biden, but I’m still team Jaspreet🎯

  • @jackfrost3573
    @jackfrost3573 Місяць тому +152

    I am 65 and I have been hearing a depression is coming for at least 50 years now. I am not saying it won't happen, but it is safe to say not tomorrow...

    • @MathewCarpenter-ng3bh
      @MathewCarpenter-ng3bh Місяць тому +50

      It depends where you are financially. Some people are already in one and some people never really will be .

    • @toomuchdebt5669
      @toomuchdebt5669 Місяць тому +13

      Where have you been.

    • @Ro-nu7vv
      @Ro-nu7vv Місяць тому +5

      @@MathewCarpenter-ng3bhnope depends on GDP

    • @mwase7782
      @mwase7782 Місяць тому +11

      ​@Ro-nu7vv gdp is so manipulated... so no. I mean right now the gdp is being propped up by government spending not by the productiveness of the economy

    • @mondolilith7917
      @mondolilith7917 Місяць тому +25

      A recession is when your neighbour loses their job/income, a depression is when we lose our job/income.

  • @stephaniehall3505
    @stephaniehall3505 Місяць тому +84

    So sending billions overseas every time we turn around doesn't factor into this at all?

    • @CivilVisionEngineering
      @CivilVisionEngineering Місяць тому +7

      Where did they say that sending billions overseas does not effect what they are talking about? They literally were proving your statement the whole time.

    • @supersurgelawncare
      @supersurgelawncare Місяць тому +4

      By over seas they mean their pockets and who doesn’t understand that doesn’t understand the politician

    • @stephaniehall3505
      @stephaniehall3505 Місяць тому

      @@supersurgelawncare sure.

    • @DanielHBuchmann
      @DanielHBuchmann Місяць тому +3

      Most of that money stays right here in the US with government contracts. The hog is in your own backyard.

    • @exodusmatthew5182
      @exodusmatthew5182 Місяць тому +1

      @Daniel What do you mean by that?

  • @allstarlord
    @allstarlord Місяць тому +46

    I love how people in the comments keep saying oh he’s been saying this for years and he’s just a dooms day perma bear meanwhile everything he is saying is correct and manifesting itself the way he called it a year ago. I have been listening to his podcast regularly for the last year and a half and he called the no rate cuts, he called inflation spiking back up, he is a great macro economist imo the best I’ve ever listened to. He was early for many years because our inflation was low but this time his timing is spot on and we are in a new era. Inflation is here to stay and will only get worse as we keep trying to fight fire with fire. Give it a couple more months maybe into next year but a depression is definitely coming sooner than later.

    • @matthewthurn
      @matthewthurn Місяць тому +5

      Agreed

    • @artjogo
      @artjogo Місяць тому +5

      Yup and what's crazy is he correctly called the 2008 housing crash. I remember back in 2007 the media used to have him on the show just to ridicule, taunt and laugh at him. But he was right the whole time.

    • @juanresendiz56jr
      @juanresendiz56jr Місяць тому

      Totally agree with you!! The media doesn’t mention anything about the economy in that it sucks. People maxing out their credit cards. Our government is stupid and have no idea how to manage our money given to them by taxing the hell out of us!! Giving billions of dollars to fund their proxy wars and giving free money to illegal aliens!! They have no idea how to negotiate and they just piss off countries!! Americans are sick of their BS!!

    • @ConstructionHoney
      @ConstructionHoney Місяць тому +1

      Agree. I laugh in Australia when the sheeples say interest rate are coming down while everything keeps inflating and we have so much immigration and no housing..... 😂😂😂

    • @klnrklnr4433
      @klnrklnr4433 Місяць тому +1

      nah, highly unlikely.
      some folks just want to see the world burn lol

  • @user-gp8dw3ek3b
    @user-gp8dw3ek3b Місяць тому +11

    Suddenly I'm depressed!

  • @Benzene75
    @Benzene75 Місяць тому +49

    Like Dave Ramsey always said to his callers " don't spend Like congress "...

    • @ernestmac13
      @ernestmac13 Місяць тому +4

      True, but investing like Congress is a safer investment than the S&P 500.

    • @Blueblackngold
      @Blueblackngold 19 днів тому +1

      Dave Ramsey is atwat

  • @Itsourfamilys
    @Itsourfamilys Місяць тому +24

    Bhaiya ji already we are in depression 😢😞 inflation , jobless , can’t afford vacation , bills, family maintenance 😢what not hopeless situation

    • @Memoreism
      @Memoreism 25 днів тому +1

      Since when could you afford a vacation? I've never felt like I could afford that lol.

  • @4everL0ve
    @4everL0ve 27 днів тому +2

    One thing I love about this platform you’ve created is your ability to actively listen and allow the guest to speak. And when you do interject, you’re adding value to the conversation. There’s so many channels that have the potential to be great if they allowed the guest to speak w/out interrupting. It’s a skill that many lack. Keep up the good work 👏🏾

  • @user-xb4pg8zj1z
    @user-xb4pg8zj1z Місяць тому +7

    Depression and the final stage is Hyperinflation. Kaputt.

  • @coasterp2199
    @coasterp2199 Місяць тому +10

    I said this months ago when people started saying there wasn't going to be a recession. We're going way past that.

  • @ForestFWhite
    @ForestFWhite Місяць тому +14

    Greedy corporations do not compete, they collaborate to fix prices. Real estate agents do not try to drive prices down, but up. The assumption that any market is free and fair is an error.

    • @postalpancho
      @postalpancho 26 днів тому

      Actually real estate agents negotiate on behalf of the buyer. They ultimately can’t drive prices up, the sellers drive prices up.

    • @ForestFWhite
      @ForestFWhite 26 днів тому

      @@postalpancho You know real estate agents work for seller's too, right?

  • @justacinnamonbun8658
    @justacinnamonbun8658 Місяць тому +8

    Just because you don't have a fever doesn't mean you don't have cancer. The unemployment rate is just a snapshot, a moment in time, and like a commodity the number never stays the same for long. Not to mention the metrics are basically cooked anyway.

  • @freelancerwaves2123
    @freelancerwaves2123 Місяць тому +27

    The subject of greedy corporation, he left out, companies can ban together to sell at a set price, so they can give the illusion of competition and still make a profit.

    • @jameskelly9243
      @jameskelly9243 Місяць тому +7

      Price fixing is illegal

    • @chelseashurmantine8153
      @chelseashurmantine8153 Місяць тому +1

      Right it’s a tax we’re paying but literally, unlike taxes, it doesn’t help anyone but billionaires

    • @chelseashurmantine8153
      @chelseashurmantine8153 Місяць тому +4

      He said that people are buying houses and refusing to move which is keeping those homes out of the market. It’s freakin corporations buying houses and keeping them off the market wtf. He’s right about some things, but he is out of touch on some things.

    • @deadcell1
      @deadcell1 Місяць тому +3

      My company makes around $300k/year selling garbage bags to local businesses. I acquire 100 roll of garbage bags for $0.50 and sell it for $7, why? Because it's $1 dollar cheaper than the competition. How is that price collusion?

    • @shermanblack1667
      @shermanblack1667 Місяць тому

      Even more insidious is that they have bought Washington. They lobby to have policies that create barriers for would be competition. There are a few outliers on both the left and right who acknowledge that this happens.

  • @DaGenius86
    @DaGenius86 Місяць тому +5

    I love peter. Amazing knowledge on economics. He understands the monetary n credit system

  • @Joce123
    @Joce123 Місяць тому +16

    I am saving money before paying more the credit cards of beyond the minimum. I can let the creditors call. I NEED food and medicine.

  • @patterson.sisters
    @patterson.sisters Місяць тому +7

    Peter Schiff yeasss ~ Excellent choice Jaspreet!! He's the best 🙌

  • @johnroberts3824
    @johnroberts3824 Місяць тому +11

    Hey Jaspreet, don't know if you are working in your studio, but you need some sound deadening. The audio sounds hollow. You need something to absorb the echoes. Curtains, sound tiles, etc.

  • @ronnythompson9115
    @ronnythompson9115 Місяць тому +4

    My company is running with a skeleton crew. And we are bleeding customers. Why don't report the under employed? Just because someone has a minimum wage job doesn't mean they can pay their bills.

    • @tylerhurd9569
      @tylerhurd9569 20 днів тому

      I’m a blue collar worker and I know some companies that have 2 1/2 years worth of work at this moment but can’t keep employees. I think a lot of it is the location you live in.

  • @Nonsequitor415
    @Nonsequitor415 Місяць тому +3

    Nice! You're bringing Peter Schiff to your audience! The legend.

  • @samuelbudgets6312
    @samuelbudgets6312 Місяць тому +37

    Remember Peter Schiff is a Fund manager at the end of the day

    • @playlistalaska5611
      @playlistalaska5611 Місяць тому +4

      And he is gold bug. Dooms day messages prompt folks to buy more gold!

    • @CivilVisionEngineering
      @CivilVisionEngineering Місяць тому +6

      What did he say to make you go to him for help? He only stated ways you can help yourself because he has been helping himself his whole life.

    • @user-kt7vs4qs8c
      @user-kt7vs4qs8c Місяць тому +1

      He has several mutual funds his firm manages.

    • @jude999
      @jude999 Місяць тому +2

      So, what is your point? He is a purveyor of common sense and has been right on every occassion.

    • @danr.5304
      @danr.5304 Місяць тому +1

      Oh the cognitive dissonance

  • @odessajackson4551
    @odessajackson4551 Місяць тому +3

    Your guess who I follow faithfully is one of the best economist out there!!!

  • @sylphmoon9657
    @sylphmoon9657 27 днів тому +1

    There won't be a depression, only hyper-inflation.

  • @25Soupy
    @25Soupy Місяць тому +2

    Schiff has been saying this for decades. I missed out on making hundreds of thousands listening to this guy.

  • @Fishman362
    @Fishman362 17 днів тому

    Finally, someone who doesnt have their head in the sand. And thank you for actually understanding inflation. As someone who has a degree in econimics, its refreshing to see someone explain economics accurately.

  • @E.GuzMarkn6272
    @E.GuzMarkn6272 Місяць тому +3

    Correcto!
    Good points 👍🏽
    -Stop buying things we don't need-
    I'll strat from there.
    Great interview

  • @lavidamia9
    @lavidamia9 Місяць тому +3

    Here is my two cents of wisdom. JOBS are ridiculous. Everyone knows no one wants to be a slave to someone elses dreams, desires, goals, etc...
    If you chose to work for someone else its because there was no other option available to you, you wanted to volunteer, or are a teenage brat. 😉
    The sentiment should be built your true self, become your own boss and make your business work. ❤❤❤❤ Blessings to everyone.

  • @huskerjpg
    @huskerjpg 5 днів тому

    I've been a long-time investor since 1987. Yes, my introduction to investing began with the '87 stock market crash. I've watched this Peter Schiff guy call for a Depression for 30 years. Pass.

  • @bfftv2564
    @bfftv2564 Місяць тому +4

    One of my retired neighbors had to go back to work and another tried to sell his house and move but couldn’t get a offer so he decided to stay. Ain’t looking good when retirees are struggling.

  • @chrisgibson2317
    @chrisgibson2317 Місяць тому +1

    Peter Schiff , .... what great truefull explanation ! Plain , straightforward, logical non political assessment.

  • @ksawhney
    @ksawhney Місяць тому +3

    Jaspreet, the Shure SM7B sounds way better than this mic. Try the EV re2, if you are looking for a better mic.

  • @craiglarge5925
    @craiglarge5925 Місяць тому +1

    The US of As' trade situation started getting bad about 1974, got worse during the 1980s' and 1990s' and in 2024 is beyond belief in a horror movie manor: a real nightmare.

  • @kellyscherer6682
    @kellyscherer6682 12 днів тому

    I’m sad for my children, and all of our futures. This year has changed all of our lives for the worst, and it is going to all collapse due to the government’s spending.

  • @illusionarylives
    @illusionarylives Місяць тому +2

    Love this content and appricate the guidence. You might consider investing in some soundproofing equipment for your space as you're audio is quite tough to take in because of the soundwaves bouncing around the room. Espeically compaired to the clean audio of your guest.

  • @travelwithme2111
    @travelwithme2111 Місяць тому +4

    The saying is figures don’t lie, but liars do figure. Meaning they can find ways to deceive

  • @MsMaxinejoy
    @MsMaxinejoy Місяць тому +1

    Borrowing is NOT BUYING.
    Totally different things! Thats why folks are in DEBT. They don't know the difference!!💔

  • @ExcitedIsoscelesTriangle-ot4rk
    @ExcitedIsoscelesTriangle-ot4rk 6 днів тому

    Im 50 this year. If I was offered my own and employer contributions into SS up until kow as a lump sum, and I never had to pay into it again and was never able to take it at retirement, I would take it in two seconds.

  • @CT-yc4gd
    @CT-yc4gd 20 днів тому

    43:15 My friend was super pissed about this. But I loved it and I didnt get laid off. People had negotiating power with companies that took advantage of them.

  • @eionsmith100
    @eionsmith100 Місяць тому +33

    It's looking like a great opportunity for me to buy more assets.

    • @mindful-accountability
      @mindful-accountability Місяць тому

      What are you buying right now ?

    • @eionsmith100
      @eionsmith100 Місяць тому

      @@mindful-accountability Empty lots in Fort Pierce FL.

    • @mindful-accountability
      @mindful-accountability 29 днів тому

      @@eionsmith100 very interesting.. what are they going for ?

    • @eionsmith100
      @eionsmith100 29 днів тому

      @@mindful-accountability $20k and up.Sorry Fort Pierce FL is the location.

  • @ShawnPatton-rm2hv
    @ShawnPatton-rm2hv Місяць тому +4

    If we had a stakeholder mindset, vice a shareholder mindset, we would have higher paid full time employees.

  • @DerekVuong7799
    @DerekVuong7799 Місяць тому +2

    This is so good! This needs to be shared.

  • @user-ol7tl1vf5m
    @user-ol7tl1vf5m Місяць тому +1

    Gold has been around for tens of thousands of years, and it's hilarious that it needs frequent TV ads and thousands of UA-cam videos to convince people it's a store of value.

  • @MK-ft3qt
    @MK-ft3qt Місяць тому +3

    Shrinkflation. Less product high prices.

  • @disciple786
    @disciple786 15 днів тому

    Peter Schiff vs Gary Stevenson of Gary's Economics would be a great debate. The math of cutting programs and making smaller government seem to not be as effective as taxing fixed assets but that conversation would be very entertaining.

  • @chelseashurmantine8153
    @chelseashurmantine8153 Місяць тому +2

    I don’t agree with people always framing raised taxes as “angering everyone”. I am not opposed to taxes, as long as it’s transparent how I’m helping people. But no, I’m paying an extra tax through other non-taxes. My utility rates, the cost of NEEDING a car, the cost and time spent on books and education, my insane health insurance ripoffs, being scared of police because I’m poor and who knows what I’ve done to draw their attention in this greedy surveillance state, etc. I’m not opposed to raised taxes, it doesn’t make me as mad as corporations seizing on my money only to go into someone’s pockets, not to fixing my roads, funding my schools, making my prisons more humane, my local parks and environment, my library, public transit, my social services that actually helps someone instead of making some rich bastards richer.

    • @darylkitchen422
      @darylkitchen422 Місяць тому +1

      Most of your taxes goes to interest on the debt and in a few years all of it will go to the interest on the debt

    • @chioma3100
      @chioma3100 29 днів тому

      I agree with you. We could very much have a better US of A if we spent the money we do on wars and weapons on our infrastructure, education, housing, people.

  • @jumbojet8
    @jumbojet8 Місяць тому +2

    Stagflation. The era of Jimmy Carter is back.

  • @roan1994
    @roan1994 Місяць тому +6

    Only 5-6 companies sell products in USA. If they want more money you have to pay them. There is no competition to sell products at less priced.

  • @carolynoldham8263
    @carolynoldham8263 25 днів тому

    I bought my first home in the Carter administration,interest was Crazy,it's inexcusable for homes,food,autos to be so expensive!!!!!!

  • @skiesohryu
    @skiesohryu Місяць тому +7

    I don't know if i have ever heard Peter say anything possible, its alwasy doom and gloom.

  • @stevef.9659
    @stevef.9659 Місяць тому +8

    1982-1984 the home loan was 16-18% and all the homes in my neighborhood were built and sold during that time.

  • @coloypr
    @coloypr 26 днів тому

    I don't know but is rare to me to be in such agreement with a youtube economic video like this one.

  • @Swampdurham
    @Swampdurham Місяць тому +2

    Good to see someone who knows what they’re talking about

  • @hrlw_
    @hrlw_ Місяць тому +2

    Great content. Very informative.

  • @maxwolf8055
    @maxwolf8055 Місяць тому +2

    👉💥 This is the best interview about economy and finance. All topics covered 🔥

  • @user-zw2br2zj2z
    @user-zw2br2zj2z Місяць тому +2

    Thanks man I always learn from you

  • @danielcrain7587
    @danielcrain7587 Місяць тому +2

    I really appreciate this video.

  • @markaword1561
    @markaword1561 Місяць тому +12

    Another banger today! ☕️☕️☕️

  • @Artificial_Intel_83
    @Artificial_Intel_83 Місяць тому +1

    If the CEOs of these corporations wouldn't make 300x more the salary of average worker, prices of goods could be much lower, regardless of the inflation rate. In addition, when the price of goods goes up due to inflation, once the inflation goes down, the price of goods stays the same...

  • @jbro6236
    @jbro6236 Місяць тому +61

    34:10 We were all tricked into watching an hour long commercial for Peter Schiff's hedge fund. Come on Man.

    • @Enki1013
      @Enki1013 Місяць тому +2

      Thanks. I was getting suspicious early on and now I don't have to waste my time.

    • @RecklessRayDinero
      @RecklessRayDinero Місяць тому +1

      For real though! 🤣🤣🤣🤣🤣

    • @Alex-wo2jk
      @Alex-wo2jk Місяць тому +1

      Yeah I saw Peter Schaffer on the thumbnail and knew it. Pure alarmist grifter.

    • @Youknowwhatscoming
      @Youknowwhatscoming Місяць тому +3

      Cost of living has soared 30-40%. It doesn’t affect those that have assets. It doesn’t mean he is lying. Common ppl are suffering. I don’t know which crystal mansion you are living in

    • @JJ-zd5uj
      @JJ-zd5uj Місяць тому +2

      He doesn't have a hedge fund. He runs a few mutual funds based on the way he sees the world economy heading.

  • @walkonearthofficial
    @walkonearthofficial Місяць тому +2

    America is the drunk guy at the bar yelling put it on my tab…. And everyone starting to realize he just lost his job.😂😂😂

  • @SaltwaterRebellion
    @SaltwaterRebellion Місяць тому +3

    Awesome video!

  • @themarkandmelteam
    @themarkandmelteam Місяць тому +3

    Question: So even if inflation goes up that much, will that even curtail or stop the REIT companies from spending investors money on more Single Family Residents? Or will they still snatch the supply out from under the next generations middle income hands?

  • @medic2525
    @medic2525 27 днів тому +1

    I agree with Peter on this. We're trying to curb inflation and starting to succeed in doing so but the American consumer is it feeling it the way they normally would when inflation starts to be put in check. The biggest problem with why consumers are putting groceries on credit cards and even credit card debt being at its highest - it's the corporations. These corporations are making record profits and they don't want to lose that momentum and it's coming at the expense of the American consumer. They're greed and this Make the c suite level executives as much money as possible is literally wiping out the middle class. Credit card and loan defaults have been going up and when that happens as we all know you take a shot on your credit. If you have credit and loans being defaulted on and millions of people having their credit damaged then pretty soon Banks are going to find themselves searching for customers because everybody that would have qualified for loans or credit items now no longer do. The fear with that is that when that starts happening banks start loosening who can have credit which allows for a flood of people to come in who probably really aren't responsible with their credit and Banks start losing money. This is a vicious cycle that needs to be put in check. These corporations and banks need to be put in check.
    The job's problem is that you have all these corporations posting available jobs and like Peter said they're either part-time or full-time with lower pay after they let the previous guy or girl go who was making more in that position or the job is don't even really exist and the company is just doing it to look like they're expanding.
    We need to start forcing out some of these career politicians. I think personally it should be illegal for corporations to donate the candidates because it overshadows the voice of the everyday working American and it puts their voice at the end of the line because that American doesn't have $5 million to throw at a candidate and be put to the front of the line with their requests. I've said this before, corporations run this country. Politicians are just the middleman to get the job done and finalized.

  • @saintpatrick6681
    @saintpatrick6681 Місяць тому +1

    being homeless and overweight has never been a greater success story. yippie

  • @KanekiKojo
    @KanekiKojo 29 днів тому

    A great linkup with two economists I follow on UA-cam. Thanks for this interview!

  • @roxanneldeleon3801
    @roxanneldeleon3801 Місяць тому +3

    Great video ❤

  • @actualfacts1055
    @actualfacts1055 23 дні тому

    Prices don't go up, the value of the dollar goes down.

  • @sophiapatriot112
    @sophiapatriot112 Місяць тому +1

    I like this man. He’s not afraid to say that Biden and his administration has been the worst that has happened to America.

  • @Obeserundown
    @Obeserundown Місяць тому +1

    Why not hold onto the mortgage for 30 years. This packaging of loans and selling them back and forth is part of why we’re in trouble.

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Місяць тому

      Who would hold anything losing tons of money...........

    • @chioma3100
      @chioma3100 29 днів тому

      @@user-lb8bg6kj9m Because buying high and selling low remains popular.

  • @andreapiasantana9598
    @andreapiasantana9598 Місяць тому +1

    Amazing interview!!!

  • @terryllee7706
    @terryllee7706 Місяць тому +4

    Real talk 🎉 thanks bro

  • @thesimplethingsinlife422
    @thesimplethingsinlife422 26 днів тому

    SOMEONE please explain why we don’t teach kids credit, cash flow, finance, economics, career development, money management and investment in school from K-12 grade this is basic stuff. A high school graduate should know about these very important topics! Education is key

  • @cadiastands8
    @cadiastands8 20 днів тому

    I’ve been saying interest rates needed to be significantly higher for 10 years now.

  • @abrahamisabella8513
    @abrahamisabella8513 Місяць тому +1

    Great interview 👍!

  • @eprofessio
    @eprofessio Місяць тому +1

    In 2008 I had a capital one credit card with $300 of limit. I used my unemployment benefit and during my benefit period capital one changed the terms and conditions. They then filed a lawsuit against me and won by default because my boss wouldn’t let me take the day off. They won $1236 on $300 of debt. If you think they are just going to let you get away with credit default think again because the credit card company will sue you and win a public judgement against you.

    • @eprofessio
      @eprofessio Місяць тому +1

      Oh and when you don’t pay they file an order to show cause . After that you will be in contempt of court and go to jail for $300. I hate debt and am paying mu student loan off at $5000 a month and am almost done.

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Місяць тому

      As far as I understand, credit card debt is unsecured debt.
      They cannot sue you if you don't pay but it can ruin your credit score.

    • @eprofessio
      @eprofessio Місяць тому

      @@user-lb8bg6kj9m I don’t think you understand or know what you are talking about. It’s no problem. They can and definitely will sue for unpaid balances.

  • @jeremiahsheppard7818
    @jeremiahsheppard7818 29 днів тому

    No depression will ever come even if house prices hit a billion dollars.And everyone becomes homeless.most people have been liveing in a depression for a wile.

  • @hancelservin
    @hancelservin Місяць тому +1

    Don't let Amazon's AMSGTTM$ pass you by. This is a monumental moment in history, and you don't want to be left out of the loop. Get in on the ground floor now!

  • @rickjames4031
    @rickjames4031 17 днів тому

    Best episode, most insightful and simply articulate. Easily digestible truth.

  • @operationretribution1263
    @operationretribution1263 Місяць тому +6

    When the depression hits full force, we'll have deflation and will continue to get worse as the depression sets in even deeper.

  • @themarkandmelteam
    @themarkandmelteam Місяць тому +1

    Such a great video! 👍 Love following you both! But with all the investor flooded companies, will they still continue to buy out affordable SFR's before the middle income owner occupants can buy?

  • @scoop9722
    @scoop9722 Місяць тому

    Wow this seems to have so much truth to it and a lot of what he says makes sense.. Depressing but very eye opening.

  • @whitetrashwisdom1987
    @whitetrashwisdom1987 15 днів тому

    The PRICES are too ARTIFICIALLY high, not the rates.

  • @mizaelboligan5431
    @mizaelboligan5431 Місяць тому +2

    Good video, telling the truth

  • @mauricemartin2982
    @mauricemartin2982 27 днів тому

    We are in a great depression. Thats the soft landing they were referring to. Landing us into the fourth industrial revolution. Robots, algorithms, drones, taking humanity out the picture.

  • @lukepugh6334
    @lukepugh6334 Місяць тому +2

    WoW. What a knowledge bomb this was!

  • @adamallee
    @adamallee Місяць тому +1

    I enjoy these kinds of videos to explain more of what’s actually going on aside from Jaspreet’s videos 🙏🏽

  • @Hup8y4
    @Hup8y4 Місяць тому

    Jaspreet. Whats better roth or traditional 401k?

  • @raulgamino5009
    @raulgamino5009 27 днів тому

    Great podcast! Sounds like stagflation. High inflation, low economic growth. Sounds like trouble brewing. When it comes to politicians people put too much weight on their ability to manage our own economic affairs. Cut back make things happen and don't blame others.

  • @0xluizs
    @0xluizs Місяць тому +2

    Great video. Should be in every movie theater and school

  • @DomininicN12BL
    @DomininicN12BL Місяць тому +2

    This information are just Facts