🔴 New Inflationary Government Program Subverts Fed - Ep 966
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- Опубліковано 28 вер 2024
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The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Please can you leave the info of your invstment analyst here? I need such luck
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k
I'm bombarded with the don't sit on it during the inflation, I wanted to jump in 8/22 and did nothing. So far this year I think I need to get my feet wet but I stopped listening and taking financial advise from UA-camrs, because at the end of the day, I end up with a bunch of confusing stories. Have you always had guidance?
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, have been in touch with ‘’Aileen Gertrude Tippy’’ over a decade now her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Peter, I worry when you say, "The government keeps making the same mistake." What if these are not mistakes, but part of a plan?
You are right they know. what they. do. they have own plan.
20:31 - "Any idiot can get a second mortgage." 🤣
Market crash fatigue is affecting many people who are tired of hearing bad news. I want to diversify my $250K portfolio.
I completely agree. It's not just about the dividends, Diversifying a portfolio can be a smart move and improve risk management, i always advise one gets a professional to help you out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I've been getting suggestions to use a market expert too, but where and how to find one has been challenging, Can i reach out to the one you use?
Sure, the popular *Jennifer Leigh Hickman* is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment..
Thank you for sharing, I must say, Jennifer appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
I hate the government
It hates you more.
Government shutting off water to farmers in Idaho . 😮
Dept of Ag getting over their boots in PA too.
Time to go long Potatoes 🥔
So right Peter!!! Would be lovely to make a free market and shrink govt. I believe the wealth would transfer back to the people.
Guaranteed second mortgages makes perfect sense when you’re trying to achieve global reset. This is the point Peter, to pull the rug from under the debtor. People lie for money, they really do! I didn’t know this until recently in my life.
Part of the problem is the confusion in defining "ownership."
Finance capitalism's definition of ownership is debt in the form of some loan that requires monthly payments that include interest.
On the other hand ✋🏻, the real definition of ownership is to have possession of some asset outright without owing someone or some entity anything. 😳
OK, so do what my grandparents did...save yourmoney and pay cash! Or buy the lumber and build the house yourself!
Election nearby, government give lots of incentive. After elections everything gone. Put money on more wars.
All true Peter. Thank you!
Very informative. Thanx mr. Schiff.
Welcome everyone! I wanna start off by talking about the numbers
Thanks Peter
Excellent Peter thxu 👍
Providing hyper stimulus during COVID is far different than continuing to provide near COVID level hyper stimulus when we are at full employment!
Wow guaranteeing second mortgages isn't that just like the GFC the same thing with home equity line of credits as if we don't have a memory
Are you going to address the petrodollar agreement with Saudi Arabia and the ramifications it may have on the USD?
Deeper and deeper we go
..ugh
Into the abyss haha
Freddie Mac 2nd mortgage maximum volume of $2.5 billion in purchases, won’t change a thing
Melody Wright has been talking about the guaranteed 2nd mortgages on Thoughtful Money with Adam Taggart.
Who is higher 5 to 10 million Chinese construction workers then by the natural resources just north of the border from Canada build up all the house Supply you need in less than a year's time and the housing inflation problem is solved.. they might as well do this because all these stakeholders of every privately held country registered as a corporation all collaborate together primarily under the bank for international settlements membership and from there they essentially dictate all life on the planet...... they micromanage economic policies interest rates essentially being able to shift wealth from one area of the world to the other and build up an artificial middle class and one part of the world and create a impoverished class from which you can exploit and then create a government base production system and the people are rewarded through basic rations of rice and toilet paper..... so why wouldn't they collaborate in this way as well after all like Peter says China exports final products and we export back to them inflation and it is a collaboration and it is agreed upon to accept this Arrangement until such time that they are prepared to create a global governance modern-day feudal Lords system where are private property is forbidden for anyone on the planet except the very top echelon globalist Elite Central Bank stakeholders and overall planetary self-anointed self-appointed owners of every grain of sand on the Earth and the solar system for that matter if they could tap into those heavenly bodies they would and they would claim it on as their own and create a monopoly there too... this is such a false paradigm in which we live in everything is a complete lie but if you read and dig around you will find the popcorn trail that is very inconvenient and very odd to find the militarily they seem to be enemies all the elites and economically and financially they seem to be collaborating.. collectively they shut down the world economy in favor of the conglomerates that they own chairs in... in the UK British Petroleum owns 20% of Russian oil meanwhile they're supposed to be enemies LMAO the list of things goes on and on and on.. in the 60s Chairman Mao visited United States to be briefed literally on how he is to execute pardon the pun the globalist plan I'm from their you created and implemented the social economic system that was agreed upon by all the elites of the world.... the kings of Saudi Arabia and other oil Rich Middle Eastern countries are all planted there by the UK Elite..... there are very rich families in North Korea who can travel anywhere around the world Kim Jong the president went to school in Switzerland with all the other early kids of the world LMAO how little we understand about the Paradigm in which we live in very very very very truly have no clue how this will operates on for who it operates for...... Russia did not need a stock market when it transitioned to Communism yet the elites didn't go anywhere or they still held their positions of power over the productivity and standing armies as they do today with so called trickle down economic capitalism which is essentially just another feudal Lord monopolistic system just like any other part of the world that has been with us since at least the Sumerians who were the first to monopolize the economy and the monetary system... there are no mistakes being made by the central banks they know precisely what they are doing... there are assisting in transferring all wealth from the majority of the minority to fulfill a lot of these agendas by the United Nations and other organizations the actual purpose of the United Nations is to establish the new feudal Lord system and has nothing to do with saving the planet from your farts hence the reason why a top CEO of United Nations represented in Romania quit his job when he realized United Nations has nothing to do with saving the planet but rather establishing and solidifying a feudal Lord system on a global basis... well I hope you learned something new like for instance that you release do not require a stock market to continue to maintain power over the productivity created from natural resources and otherwise and complete other continued control over the standing armies and all that your detriment.... so your hopes hinge upon the stock market Factor it's not a realistic expectation.... because you're Elites do not require a stock market only you do bird bird well I hope you learn something new I can go on and on.... please give me a thumbs down or thumbs up as I believe I've been censored by UA-cam Google thanks in advance
Headed over in a couple minutes
Peter, when can we ask you some hard questions like the good old days on Wall Street Unspun? Please consider....would be good to keep you honest...
we are living in an upside down world Peter.
Shockingly bad idea, this might finally pop the housing bubble😂.
Nice vid
The powers that be are trying to break us .
The second mortgages are just one cross current. There are others like job losses. And not everyone has the equity to get the 2nd mortgage as well as credit and finances. Just because you own a house, doesn't mean you're going to be able to do it.
There’s not enough “AFFORDABLE” houses on the market, there’s plenty of houses, none affordable to 1st time buyers or people who had to sell and are looking for somewhere more affordable.
The “easy” money from the first bail-out meant investors could build more luxurious houses and make more profit off of them if/when they sold. The smaller construction firms/investors attempting to follow the building of high-end houses trend is where many of them ran into trouble and are in even worse trouble if these over-priced homes plus high mortgage rates, makes their selling even more difficult and take longer = more costly/less profit. After all the builder still has to pay taxes and insurance, upkeep and heating and cooling on their un-sold houses. Time is definitely money when we’re talking interest rates. , Trying to re-cupe these expenses pushes the price of the house up further.
Yep. I've been looking for a nice little house, but there are none. If the house is small, it's ugly and in an undesirable neighborhood. If they're decent to the eye, they're too big and very expensive. Whoever builds, is seriously disconnected with the market. Perhaps I should wait until the prices fall, but the idea of cleaning a big house, does not appeal to me.
@@sblijheid sadly, like I said, they finance/build what makes them the most money (which I guess you can’t blame them. There is a hell of a lot of work and headache involved in building a house.) it may have been less headache and less nerve-racking if they had settled for a little less profit and built something that someone wanted to buy, or could afford to buy. I’ve been in on the actual construction of many, haven’t been in on the financing part of it too much. I guy did share with me one time “that if you build four houses the fifth one is free. That’s when you can actually star making some money” I never figured out if he had purchased and stockpiled extra materials on the first four, or if the bank had some incentive after successfully borrowing and paying back, or how the fifth was free, still had to pay workers and licensing, permits, insurance, etc. I know the guy would purchase all the building materials, windows, sinks, tubs, faucets etc. on a credit card with a rewards program. He’d use the rewards to fly his family of 4 to Hawaii for a couple weeks every winter for the 7-8;years I worked with him. Figure $6000 for air-fare alone and a 5% reward, which is about as high as you can get, that’s $120,000 run through the credit card account. One late payment and the 20% interest gets charged, um?yikes (although I doubt this guy ever carried a balance/paid it off every month.) Keeping track of where your money goes is how you get the chance to hang on to some, maybe. Best of luck home hunting (you can always hire someone to clean, they’re usually pretty cheap. lol)
WOW mind blowing
Additionally, further downside to all this bs is that, while the lucky boomer gets to stay bailed out in his expensive house, the renter who paid for that with his taxes now loses his job because of the crashed economy, loses his credit, and is never able to afford to rent ever again.
The Government 2nd Mortgages is a pilot for now... it's not opening the flood gates, yet.
George Gammon loves you and I f****** love you I never made one penny with you after 4 years and a half of knowing you I wish to God your Bitcoin fanatic I swear on my father's grave I would have been a multi-billionaire because I started watching you and gold didn't do anything but I love the way you speak man we are about the same age I'm proud of you you got married again and you have two teenagers at this age you're the man I have a 9 year old as well and I want to have more kids God Bless Sheiff and his gold
Oh Peter we've heard you talk about sketchy guaranteed government mortgages before haven't we ? What could possibly go wrong ! lol.
💯💯💯
As a small real estate investor I can say that lending standards today are much tighter than they were in 2008. The risks of defaults are not comparable. Banks don’t want to foreclose and are using 40 year refinances, skipping payments and adding the debt on the end, and other tricks they learned during the pandemic. And with a low interest rate and equity in the property people will fight to keep their homes instead of walking away. This will cause inflation and not much else.
Wait until the price comes back 2019
Buttcoin breaks 60k
The worst days work we ever did was hand over the education of our children to the state
“You are either investing or letting inflation eat away at your purchasing power” saw this somewhere and it really resonates with me. I have about $300,000 sitting in a HYSA and I want to invest it. Where would you invest this as of now?
Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.
Do a search on dividend aristocrats. Choose six or ten items from the list. These businesses have paid dividends consistently for more than 25 years. Working with a financial advisor to help set up a well-structured portfolio is also advised.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of…. Seeing my portfolio go from $80k to $600k in 5 years is surreal all thanks to insights from my financial advisor.
5:46 it's because by having more people and investors on realstate raises the price of the property and results on raising their tax revenues.. it's a pay raise for them !
Watch out duck down, facts are flying.
You are 100% incorrect about the government guaranteeing mortgages being unconstitutional. The constitution places limits on the government of what they cannot do, not the other way around. Because there is no limitation in the constitution that the government cannot back individual debt, they certainly can. However, the money(fiat dollars) that they are using is unconstitutional and therefor illegal. Article 1, Section 10. Even if they abided by the article, they could back private individual debt with gold or silver because there is no limitation stated to prevent them from doing so.
Amendment X. The powers not delegated to the United States by the constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
Including the federal reserve.
Talk about gold.
Yeeter Sauce Boi Schiff Wazzhamwichu
The US govt is doing EXACTLY the same thing- borrowing money, that it can never afford to pay back. simple solution for that create hyper inflation :)
I’m considering whether to retain $3 million in single-family rentals, we have $900,000 left on mortgages. What is the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds?
Real estate, while a solid investment, demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Real estate isn’t as liquid as cash or cash-equivalents, or even stocks and bonds. I rather the latter. Just as you’re experiencing, real estate can be a lot of work.
Strengthen other assets, consider reputable money market funds or mutual funds for emergency savings. Assess mortgage rates and allocate excess funds strategically.
Please avoid "large ponzi schemes" dubbed as treasury bills and reassess the perceived safety of bonds. Engage a trustworthy financial planner for prudent decision-making
Hi Peter, on your next podcast if possible could you give a birthday mention to Thomas Sowell on 30 June, he'll be 94 without Milton Friedman then I don't suppose they'd be Thomas Sowell a generation of clear thinkers I 'd include your father in there too.
I’m a low income renter and voting with my feet. The government can find someone else to leech off of. I’m buying gold and getting a second passport. Bye✌️
Unless you renounce your US citizenship you'll still be paying federal tax. Or move to a US territory like Puerto Rico like Peter.
Not cheap to buy a second passport...might as well put a down-payment on a duplex
Get to where you’re going and have someone ship the gold to you. Otherwise you’ll just be supplying TSA with a nest-egg. They WILL find it and it’ll probably draw attention to your (I assume by 2nd, you mean fake) passport. You don’t want that to happen until you get somewhere fun, like Turkey or Youbetchastan. Somewhere with nice airy prison cells. This is flat out a bad idea. It will get you into far more trouble than it will ever relieve you of. Detention and confinement in the US is ALOT different than it is in other parts of the world. No rights necessarily, no phone call, no bail or bond. Especially if they think you’re up to something and the US embassy won’t be too fond of your fake ID either. Bye is about right.
You’d be better off buying satoshi and hard wallet with keys than carrying physical gold around. Have you ever seen how it lights up a metal scanner, like it was uranium or something. A couple coins in a few layers of leather you’d probably be ok. Small bars 5grm, wrap the shit out of them, put them in jeans pockets and roll them up too. Any coin or bar is going to make a very unfamiliar sounding THUD when you drop it in the metal pan, if you’re thinking of carrying it on your person. Have them in a felt drawstring bag, set them in gently. They’ll still scan them. I’m not sure if there’s a limit to the amount that can be carried on a flight. If it’s $10,000 worth, like the amount of cash you could carry that’s only (5) 1oz coins or a 5oz bar. Best of luck to you, buddy. I’ve had similar thoughts before myself, I’ve gotten a few too many ties and a few more years on me since then though.
Guaranteed government mortgages & guaranteed student loans = guaranteed inflation. 🇺🇸
The US is completely and utterly broke, yet they keep on massively increasing government spending and programmes. This is going to be very ugly when it finally ends one day😂
= guaranteed poverty
The banks can sell all their crappy second mortgages to the government.
Plus: Adding hundreds of billions of us dollars to foreign nations to fight foreign wars...
Or adding hundreds of thousands of government employees to the national payroll
@@ducthman4737 Not for the puppet masters. Damn them!
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible. I honestly don't understand why people don't move to another country when they get older in retirement. It seems everybody has excuses for almost anything to not take action to better their situation.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
How do i reach her, if you don't mind me asking?
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Its hard to find a country that likes yanks. That's very hard, believe me...
I just walked to my 24 hr fitness on Wilshire only to find out that they updated their hours to being closed overnight.. then I walked to get breakfast at a nearby 24 hr IHop just to find out that it's closed. It literally says open 24hrs above the IHop sign. These businesses CANNOT AFFORD to stay open.
Interesting perspective. You’re probably correct.
Gary Shandling once complained on Letterman that he got hungry late one night so decided to head to 7-11 for a snack. He gets to the door but it's locked, with the cashier still inside. Cashier comes to the door. Shandling shrugs and says, "What gives? The sign says Open 24 hours!" Cashier replies, "Not in a row!"
Peter you are a legend. Coming off one vacation going on another one next week. I’m struggling to take a freaking Sunday off. Owning a few businesses is a challenge.
Enjoy brother. One of these days I’m selling it all, buying PMs and headed to A boat on the Mediterranean.
I wish you well with that dream. You might miss work though. You'll need a project 😊
Keep the banks alive til November Five!
No wonder I keep getting offers from Discover for a HELOC with zero appraisal fee. Why should they care if they lend more than the property is worth when John Q Public is on the hook to backstop all of these loans. Too many clowns with too much power inside the beltway.
Correct analysis
2008 GFC all over again.
There are plenty of houses.
No one can afford it.
Also, most people who own homes are over 35. So, even more grief for the current, already weak generation.
Exactly, people under 30 are completely out of the housing market already, imagine what this is going to do. Crazy, crazy idea.
Do we really ever own a home? Or do we just eternally rent it from the county?… and if we don’t pay our property taxes then what happens?…
They take it from you. You rent from the government, similar to feudal times when peasants used to beg for favours from a king
You need to get allodial title but to do so you must not have a mortgage. Then you must petition the tax commissioner to change the status of your property. If the government raises property taxes high enough some might not be able to afford to pay and so they will lose their homes.
@@LAStreetPreacher land of the free
You do if ur a veteran
@@crooklyncat3223lol you forgot the /s at the end 😅
Gov is owned by the Teachers and Gov employees. Property Tax is the most evil tax
Nah... property tax In my eye is far more exceptable then income tax. Income tax is making us slaves. I don't work directly for the government but I do build ships that the government buys and every week I work 1.5 days for free. And when you are forced to work for nothing that is slavery. At least the taxxes on consuming are optional. Income tax = slavery.
Agreed. Property tax needs a complete overhaul in this country. It’s also directly tied to basically every school failing students in this country.
abolish public education. then abolish property taxes.
Abolish property taxes
@@mattmatt6572 But property tax goes on and on sick or well retired, out of work no matter what it is an evil tax
Exactly they didn't raise our taxes, they raised our prices. It's the price of bigger government.
Yes sir most people don't recognize that inflated prices have gave government and corporations higher incomes as they all operate on % the up markets are only due to inflation and they aren't keeping up with inflation. Sales aren't up costs are just up most consumer products the sheer number of sales are down.
Inflation is the Silent Killer because most People do not know money losses great Value over Time thus you have less Spending Power + Prices are getting Higher and Higher but People do not get Paid more thus get Poorer and Poorer
It still baffles me how Powell refuses to critique fiscal policy
There is a weird disconnect there, almost like both institutions want to maintain plausible deniability that they caused the problem when it inevitably goes tits up.
In the twilight zone event that Biden is reelected, he wants to get reappointed, so he won't criticize him, even though he knows, that Biden is causing economic havoc.
Just one correction, Peter: we don’t have “homeowners” but “loanowners”
Do we really ever own a home? Or do we just eternally rent it from the county?… and if we don’t pay our property taxes then…
@@markok5499 🎯
Speak for yourself. I own 2 summer homes and my regular home all paid for.
@@jorgemoro5476 it's interesting when people on the internet brag about what they have. Tell us how you got all of your paid off stuff.
@@jorgemoro5476 smooth brain here missed the point. You never stop paying on your property in the US. Never.
Second-mortgage guarantees permit drawdowns in home equity and increases in debt, the recipe for the 2008 real estate collapse: more leverage. No lessons learned.
Just save your money and wait when the magic words are said over and over, and then you buy. The magic words are: "This time it's different."
@@sblijheid Better yet, wait for market pundits to say, "The market can't get any lower." That's usually the first bottom. The chart looks like a camel drinking water; after the first rebound it will go below the first bottom.
Peter Schiff is usually wrong. I think Silver’s going down to $27
He is right about the government guaranteeing mortgages.
I don’t know how the government can guarantee anything. They are a leached society just asked the private sector. The only thing that would guarantee mortgages would be the public faith in the dollar
Deja Vu - In 2007/2008, Peter suggested people take out second mortgages and invest the proceeds in foreign markets.
The whole thing moved in the opposite direction and if you followed his advice then you would have been screwed.
I thought he called 2008.
@@erickanter yes he called the 2008 crisis but the actual market moves as a result of the crisis went way against his investment thesis. Had you taken out a second mortgage in USD and invested it in foreign stocks as he told you at the time, the USD got way stronger and foreign stocks crashed. You’d have been more likely to lose your home as a result. I would have thought he would learned.
@@lancev7186 Interesting
44:20 no Peter people want big govt only think someone else should pay for it!
Love it. He's a libertarian to the core, and a very educated one!
Peter's analysis of this new government cockup move is soul crushing. What are renters supposed to do?
Wait for the bubble to pop, but when that happens it will be ugly. Probably happen overnight like in 2007. They haven’t learned from their mistakes, they’ve learned how to kick the can down the road pretending that everything is fine. Things are worse now than before 07/08 😂
Yep what reiner said. Save up for the next housing bubble break. I bought my house during last crash for cash. I wasn't able to afford a home befor that. It's a fixxer upper still working on it but it's paid for.
A much appreciated voice of reason. Please run for office.
Gov guaranteed mortgage is socialism, that is the goal regardless of your misguided ramblings
Peter, that intro is a banger
Abolish the FED (and NASA)
We r screwed
It’s a when rather than if situation
@@reiner164 When is already here.
I was a carpentter and contractor in santa clara county. In 1974 I bought a 3 acre lot for 7500 yes 7500 I built a so called rancher for 20 dollars a ft.. Today I am pricing out a house on 5 acres near mine. When I built my house I got the permit in 2 weeks for 800 . We applied for this permit 2 years ago and still don't have it.well Actually almost 3 years ago. The permit will cost 80 000. This house is similar it will cost 700 a ft.
WOW!
And you are going to do it?!
@@todddossett7306 Santa clara county or silicon valley the gov is the enemy of the people On top of the permit there is an architect , Soils engineer, civil engineer The grading is about 320 000 there is an architect , Soils engineer, civil engineer The grading is about double what i had to do the bids are 340 000 the driveway is 250' the cost will be at least 300 000 The foundation is 390 000 and it goes on and on I told the designer the kitchen was too small he said we are trying to save money
@@Dan-z6b3dwhy bother
Past time to leave California.
Look at the level of business repression.
Hey Peter, something important about your Twitter account. I had been wondering why I never saw your posts and it turns out that somehow your account was "muted". Not only that, but when I went to look up your profile, it wouldn't even show up. Of course, I've been following you for years and never "muted" you. Elon Musk doesn't seem like you and it looks he's retaliated against you somehow.
It’s another sign of desperation.
Great depression
Yup, to buy votes.
Peter, the difference between Trump and Bribem was that Trump was insisting on opening the economy but the Fauci’s of the world wouldn’t let him. Biden never wanted to reopen the economy.
So you think Faucis rule the POTUS? Where is that in the Constitution?'
Its the same shit...ugh
Great, except that Peter is wrong that the rate on second margate is lower than previous. I’m doing one now and it’s 6.5%.
He said the 2nd mortgage would have a higher interest rate than the first mortgage.
Expanding credit increases the number of currency units in circulation which is inflationary.
26:00 where it all comes together.
Peter for POTUS with Ron Paul as VP. 👍🇺🇸
Never gonna happen but it would be awesome.
Ron s retired...
Rand, please...
there’s no way peter is dumb enough to take that shitty job….the next potus is screwed
@@ramonserna8089 one can dream 😊
Try something. Try to think about what the gov’t is doing is to secure their own goals, and their goals aren’t the same, and may be the opposite of what its goals should be if they were working for the people. What they’re doing looks foolish to us, but may be exactly what they need to do to achieve their own goals in this digital, borderless society. If you ONLY look at the central banks around the world as the only important aspects on the planet and everything else only exists through time to serve the goals of the central banks and those that control them (Rockefeller, Vanderbuilt, the WEF, etc), this all makes more sense. You’re talking about massive, massive wealth and connections created hundreds of years ago and who have had hundreds of years to grow their influence, compared to countries that have existed as modern societies for only a relatively short while. Countries come and go to them, we’re all just pawns powering the financial systems that generate their wealth. Easier to believe that then that they’re ALL monumentally incompetent in my opinion.
Peter is getting old! I have been watching him long before his arch nemesis BTC ever existed. I grew up listening to him tell Me how worthless BTC will be. Meanwhile I have owned it since $400😆! The entire internet is full of snake oil salesman.
Hey Peter I was wondering what Housing Data you use to see the inflationary effects of the housing market by month or year etc.? Do you use any sites for this? I would love to see the trends history and how much housing prices have changed over the years. Thanks for your help. Love your stuff. Cheers!
Even IF they would have asked Trump hard questions, he would have given vague, dumbed-down answers. That's one of the challenges. Many very important concepts of the modern age take ten, fifteen or twenty minutes to lay the groundwork and explain. That's probably why your show is so popular. There's a number of things (like drug prices for instance) that I changed my opinion about after you went into great detail laying out the facts for the average person capable of critical thinking. I like Trump, but I wish he would occasionally go into detail and show us how smart he is instead of rehashing talking points his base has heard a million times. "Ya, I get it. You're awesome. Now say something with substance."
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Don't go out and drive right now. You're so under the influence 😂
any chance the Government is going to shrink anytime soon?
Only if the people demand it. But not much chance of that. It’s why they keep people fighting among themselves over the years on crap that not long ago would have been considered insane.
No way!
FL Gov. Ron DeSantis ran for POTUS in the primaries on shrinking the federal gov. by half, but apparently nobody cared.
Shrinking is not a good idea. You want to remove lobbying and 3rd party companies who influence within. You have 3 digits millions of citizens. Removing what ever is left of our representation is suicide.
@@tsijr915 Shrinking is a great idea. When you run on a debt based fiat currency system governments always get over bloated. They need to do what a good business does. Bring in an independent party to cut the fat. And the government has been obese for decades. How else from a trillion in debt ton$35 trillion in just 4 decades with with not much to show for it but debt.. Not to mention the $216 trillion in unfunded liabilities debt.
But if already have a mortgage, do I care?
I'm favoured! Despite the ups and downs of the economy, I am very happy to withdraw $32,000 of weekly profits from my investment. I just paid off my mortgage 7 months ago and am returning 20% of my weekly interest to Charity. People should learn to invest more and spend wisely.
I'm in a similar situation where should I look to increase my income? Do you have any advice?
What did you do? Thank you
Big thanks to Laura Lee Fair
U r talking nonsense..eat it
What?? Did they learn nothing from 2008??
No one got punished and instead rewarded with bail outs, stimulus, reelection so the only lesson learned is that it's the other political party's fault. 😂🤣😂🤣😂 Democracy is a joke
Peter, Do you not think that this is a way for the government to take over residential property when people default? The entire government is operating in the default mode.
the taxpayer is on the hook.
No, it's a robbery spree. The government really doesn't want the property, they just want to keep milking home owners to fund a way too big government.
Good explanation of the knock-on effects of the gov’t guaranteeing 2nd mortgages. Another train wreck coming.
O yeah debt is at record levels, let’s finance a government scheme to get people to borrow even more money recklessly. Idiots everywhere, idiots.
Question: Why are altcoins freefalling a.t.m.??
US will get well when they reduced the number of military bases and more peaceful. Humanity will appreciate a peaceful and pollution free environments.
No mention of Bitcoin for the entire episode. I feel cheated.
Honest answers by Peter Schiff. Thank You Peter for sharing you knowledge.