Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign | Peter Schiff & David Hay
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- Опубліковано 27 лип 2024
- Peter Schiff & David Hay discuss their outlook on the #economy , #inflation , #gold , and portfolio management philosophies.
Recorded 7/5/23 on @TheDavidLinReport
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We are becoming too obsessed with the incoming crisis. In the right sense, the market never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my $480k portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
I think it's the professionals and those who use their services that are really pulling in the big money right now. There are advisors that can help you achieve very consistent growth. You just have to make some research and get one who fits your fin-goal.
There is always a market recovery. Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just $17,000 short of having a half a million dollar portfolio.
@@KelvinWallace would greatly appreciate if you could share some information about your financial advisor. I'm also interested in making positive changes to my finances this year, so any insights would be highly valuable to me.
Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@KelvinWallace Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
Many overlook that banks are profit-driven businesses. I don't trust keeping a large sum in a bank, instead, I invest with guidance, enjoy the benefits, and save for retirement.
Well said . Personally,i diversify my investments across various markets with the guidance of my financial advisor, Stacey Lee Decker. I’m happy about this decision . This routine has enabled me to achieve attractive good returns through high dividend-yield stocks, digital assets, ETFs, and bonds.
With high inflation, I want to invest my idle cash. Thanks for sharing her impressive resume that I found online!
You’re welcome. I’ve made over six figures passively with Stacey Lee Decker’s guidance in a strong financial community. Market crashes don't affect my returns.
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
It's a delicate season now, so you can do little or nothing on your own.
Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
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
@@ThomasHeintz Wow that's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....whose the person guiding you?
Can't divulge much ’LAURA MARIE RAY’’ is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.
@@ThomasHeintz Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Well I recommend you make a diversification plan because it's been harder to build a good stocksportfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $150K with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
My financial advisor is *Lisa Angelique Abel* . I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio and is exactly what you need right now.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
Well, To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.
For me i truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting significant gains while also safeguarding against downward turns. I have had a portfolio coach for more than two years and throughout that time i have actually earned over $645k. It was a wonderful experience!
@@hunter-bourke21 Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Camille Alicia Garcia* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
I've taken the initiative to research Camille Alicia Garcia online and verify her credentials. I'm impressed with her expertise, and i have reached out to her to share my financial market goals in details.
Every crash /collapse/inflation or a recession offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
LEILA SIMOES PINTO. You can easily look her up, she has years of financiaI market experience.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I became a multi millionaire at 2009
About the current bank situation, I'm really concerned. I am worried about a lot more if a bank the size of SVB may fail. I have a friend who manages a fast-growing startup and was severely impacted by the bank run. I have taken more than $840k out of my bank. Since the FDIC only provides coverage up to $250K, an implosion could have negative consequences. presently want to invest in the stock market. Does anyone have any ideas on how I might proceed?
I've never felt secure keeping a large sum of money in a bank, so I invest through my financial advisor, reap the benefits, and then spend the money. We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse.
We were traveling in the same direction, my wife and I. I withdrew my money over the past two years and invested with her wealth manager. I won't be able to match her earnings over time, but at least I make more. Haha.
@@hankmarks69 Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
Through my wife, I got in touch with Vivian Carol Gioia, and I sent her an email. She is guiding me. She has since supplied me with opportunities to buy and sell the securities in which I am interested. You can hunt her up online if you require care supervision.
@@hankmarks69 Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
I still blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
You're right ! Now that the market is in decline, I know what I want to do, but I'm not sure which stocks to buy, which investments would yield the best profits, etc. The potential gain is greater due to the risk, and professionals are better at negotiating such exact contracts. Right
@@sophiadouglaswagner Indeed, I started investing in 2018 with no prior knowledge or expertise, and by the end of 2019 I had earned a profit of approximately $750k. I had simply been following the guidance provided to me by my financial adviser. This shows that you don't even need to be a great investor or put in a lot of effort; all you actually need is a professional to help you.
@@MarkFreeman-xi3rk Would you be able to recommend a reliable advisor whom you have consulted with?
@@sophiadouglaswagner I personally work with ''Margaret Johnson Arndt'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@MarkFreeman-xi3rk I just looked up Margaret Johnson Arntd online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
Please can you leave the info of your investment advisor here? I’m in dire need for one
I am being advised by Helene Claire Johnson , an experienced financial professional. If you're interested, you can easily find more information about her as she has accumulated years of expertise in the financial market.
Thank you for the guidance. It was straightforward to locate your contact. She appears highly skilled and adaptable. I have scheduled a call session with her.
The market is out of control, and banks are failing one by one. Could there be any potential in the stock market for a boomer like me? I am working on an approximate estimate of $3M for retirement.
You should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
I needed a good boost to help my portfolio stay afloat, hence I researched for license advisors and came across someone of due diligence, she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
I started out with an FA named *Alicia Estela Cabouli* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Thanks for bringing experienced and knowledgeable people to speak. I love how clear and truthful you both sounded. Actually, I am really concerned about America. The activities of these men are terrible and annoying. Anyone who's not investing now is missing a tremendous opportunity,lmagine investing $2,000 and receiving $8,600 Vilma Kim is the best.
Trading as a newbie requires expert guidance, most failure and loss on investment usually happen when you invest without a proper guide..
@@williamsromero3866
Keep boasting !
I'm also a proud beneficiary of Vilma Kim! I've built my portfolio massively and am still building. Started with a UA-cam referral just like this and a few thousands. I'm way up to the profits now.. Vilma kim is the best.
Which country in America are you concerned about? It is a big continent.
With markets falling, inflation soaring, the Fed imposing a sharp hike in interest rates, while Treasury yields are rising rapidly, meaning more red ink for portfolios this quarter. How can I take advantage of the current market volatility, I'm still at a crossroads deciding whether to liquidate my $125,000 ETF/Growth Stock portfolio.
Focus on two main goals. First, stay protected by learning when to sell stocks to cut losses and reap profits. Second, prepare to profit when the market turns. I recommend that you seek advice from a CFP or an investment advisor.
@@TruckeeFam Right, I've been in constant touch with a CFP since the pandemic. You know these days it's really easy to buy into trending stock's, but the task is determining when to hold or sell . My advisør decides entry and exit commands on my portfølio, I've accrued over $550k from an initially stagnant reserve of $80k.
I'm glad I came across this discussion. If you don't mind, could you tell me how to contact your financial advisor?
No doubt, the stock market is definitely the most awkward teenager with the wildest mood swings! I began with "JILL MARIE CARROLL". Her approach is transparent allowing total ownership and control over my position and fees are very reasonable in comparison with my ROI.
This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
"The Fed is not honest..." nails it!
Only fundamental that I agree with him on
When any problem in this country reaches an overwhelming level, it’s suddenly no longer a problem
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
My CFA ’Margaret Johnson Arndt’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I think the only reason why America hasnt had a currency crisis up until now, despite it's debt being like something out of a cartoon, can be summed up in three words:
Military Industrial Complex
I think you're saying the ultimate truth. I have heard commentators speak of digital totalitarianism or ww3 as the ultimate outcome. Of course the MIC and their Neocon puppets are insatiable and appear to be lining up future war (months or years- I don't know?) with Russia and or China- this would lead to nuclear exchange...
😞
Exactly.
By understanding how Banks work, it becomes clearer why they ultimately fail. Do people even know Banks use a majority of their funds for their "personal investments"? Ever heard the saying cash is thrash? Just hold your money in more stable and lucrative ways and save yourself the stress.
...easiier said than done. what are the allternatives...
@@bobbyty6834 casually strolled into this thread and boom, I know this funny man. Once attended a fundraiser he was also in attendance here in Vancouver,, serious looking man with with a funny accent,, He's in the States though, I doubt he works with non residents,,,
like in a safe at home
I’ve been saying this for a long time, we should stop worrying about what’s coming instead of preparing for it when it’s coming. The market is more, for example the 08 crash, the market has still recovered, it could take a long time, but it will definitely.
nope. We are heading to a national divorce in 2025. How does the market recover from a dollar that doesnt just crash, it literally dies when the red states abandon the degenerate fascist left federal government, who is rigging our elections with law enforcement, censorship & systemic anti GOP misinformation.
If you've been investing in the Dow Jones around 1930 or 1965 you would have been sitting on losses for 30 years. It may happen again. We've been living in incredible 40 year long market rally, it's long due for serious correction.
‹Spot on ! our main focus right now should be on strategies to maneuver our current situation, lots of folks are making millions off this downmarket but such info doesn't make it to the news..
Well the top players and pros have exclusive information and data trajectory that isn't disclosed to the public, knowing the strategies to apply this time is one thing and having the right info to successfully pull it off its just another.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
There have been several transactions with both strategic investors and private equity over the past 15 years since the Great Financial Crisis - oftentimes the PE component was not 100% and the capital raises were far less than $400 Million, money moves quickly from the hasty to the patient. The biggest hurdle for investors is maintaining mental control through losses, and investing in the right places at the right time.
An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisor is important in making this decisions.
Everyone will need a strong FA to help them through the current market turmoil. I've been talking to an advisor for a while now, mostly because I lack the knowledge and energy to deal with these ongoing market conditions. I made more than $350K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an Financial Consultant is now the best line of action, especially for those who are close to retiring.
Salvatore fortunato Sofia is her name. look it up.
@@trazzpalmer3199
HA !
easier said than done
As much as I like Peter, I would appreciate if he would let the other panelist make his points without interrupting him.
The other just agree with Peter because Peter is Right
What a literally bracing, excellent, freewheeling discussion, wow!! I urge 'everyone' to listen and pay close attention.
[Denver, Colorado]
A Bank crash/crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation or currency devaluation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370K portfolio is ruins.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
The effects of the U.S. dollar's increase or fall on investments, in my opinion, are complex, but it has never been simpler to learn how to build your money than it is right now, when you may discover and experience a genuinely broad market passively by working with a successful Financial Consultant. Under her tutelage, I diversified my $400K portfolio across multiple markets and have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@tampabayrodeo2474 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit. For me, ‘’Salvatore Fortunato Sofia” turned out to be better and smarter than all the consultant I ever worked with till date, I’ve never met anyone with as much conviction.
You bots are getting out of control
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
@lloydbernard5847 I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
@@louisairvin3052 This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?
@@baileymclean8186 I have LISA ELLEN SHAW as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
@@louisairvin3052 Thanks for the info, i found her website and sent a message hopefully she replies soon.
401Ks can be lost overnight when the markets crash.
Peter, i agree about the labor stats, very misleading many people taking on multiple jobs, not accurate
Unlocking the secrets of financial success starts with investing wisely. One key aspect is portfolio diversification. By spreading your investments across different asset classes:- savings accounts, stocks, bonds, and high-yield dividend funds, you can combat economic challenges, overcome inflation, and secure a brighter future. Gregory Thomas Patchak can guide you in navigating recessions and maximizing your social security benefits.
Building a well-rounded Portfolio is a smart strategy to manage risk and maximize returns. Consider allocating your investments across different asset classes, such as stocks, bonds, and real estate, to achieve a balanced and well-rounded portfolio. Gregory Thomas Patchak can provide valuable insights and help you build a diversified portfolio tailored to your financial goals.
__That's absolutely incredible! I'd be so grateful if you could tell me more about your financial advisor. I'm really looking to make positive changes in my finances this year, so any insights would be extremely valuable to me.
Run a web search for his entire name Gregory Thomas Patchak
Thank you for sharing, Your coach was simple to discover online. I unwillingly copied and pasted his complete name into my browser, and now his page is at the top! And I wrote to him. He appears knowledgeable based on his online resume,incredibly great and helpful, far above expectations
Working with a financial professional could truly help you get ready for life.
Since I was actively cashing out from my portfolio and finally made over 87k just in the first quarter while everyone else was whining about the downturn, I'm delighted I was able to contact Gregory Thomas Patchak. early this year...
Excellent, as always.
Thanks too for stating the date of recording, something more channels should do.
“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
@@legacymedia8468 Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@@mesutserim1595 my 401k growth has been stagnant since the 2021. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
@@tommychestnut5335 My advisor "Heather Lee Larioni" is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further.
@@mesutserim1595 Thank you for this referral! i just looked her up and sent a message hoping she gets back to me.
Thank you 🙏 Peter
Excellent interview and guests David! 👍🏼👍🏼
respect to the panel. smiles from san antonio
The collapse has already been here, it's already showing up, at least since May '23. It's 2009 again. I'm an independent contractor, and work has been drying up. I'm already frightened and looking to leave America, or I'm going to be on the street, holding a cardboard sign. The U.S. dollar is dust, as are all world currencies, because those who shouldn't have the rights to print that used toilet paper stole our precious metals long ago.
Where you going "goldrussh"? Which other country is better?
We may be the cleanest dirty shirt in the pile but that's not much consolation to how we might get back to solid ground. Too bad the world always has to experience the same or worse consequences for not seeing their excesses until its too late.I guess it's the ride that matters,good bad and ugly.
@goldrussh-Follow the Joseph Principle. Joseph when next to the Pharoah in power saved up from the abundance of the land for 7 years so that during the lean days of famine
there would be enough food to survive. Most people live way beyond their means and do not plan wisely for the future.
@@___HH___ I'm still in the early stages, I don't even have a passport yet. I'll have to be on a passport and VISA I guess. Bahamas, Panama, something, not sure yet. I'm just hoping I get out before the big hole comes and wipes out everything in America. Kissinger is only 100 years young now, he's probably the ringleader over Soros and Company.
@@LAStreetPreacheramen!
I am not saying we are in good economic situation, or Peter is wrong
I am just admiring this man who never stop educating us
Everyone needs to realise this channel is a scam just to push these guys’ gold products. That’s why they’re always pumping fear and saying you’re gonna lose all your money.
They talk their book like everyone but Peter Schiff is a good analyst and he's right.
peter smoking that good good
Great interview both gave tremendous information
Enjoyed hearing David Hay. First time I came across him.
In the past, banks were too big to fail. Now, too gigantic to fail.
David and Peter are two of my favorite analysts. Thanks for having them on the David Lin Report. Great content 👍
Everyone needs to realise this channel is a scam just to push these guys’ gold products. That’s why they’re always pumping fear and saying you’re gonna lose all your money.
Everyone needs to realise this channel is a scam just to push these guys’ gold products. That’s why they’re always pumping fear and saying you’re gonna lose all your money.
Powell and yelling Yellen will not resign unless someone kicks them out.
Inflation Will kick them out 😂😂
The government, AND greedy corporations are to blame. Nobody will ever convince me that corporate greed has no impact on the crap we are dealing with. Government serves corporations-(aka their donors), not the average person. I 100% agree we need to go back to a system like the gold standard- or something of physical value.
I think that the banks must take some of the blame as well.
@@thomasjefferson6 i absolutely lump the banks in as greedy corporations. 100% partv the problem.
its literally jews
@user-im6fy4qp6m - Congrats on winning the STUPIDEST comment award in this discussion. Are you happy now- that You got some attention? Good, now take a hike.
The fluff that is promised by the federal govt is just to keep the masses contained. Excellent statement on corporate alliance (fascism definitive) with Federal Govt for hand in glove relationship.
The sad public takes it the hardest.
Truth to Power.
I’ve been out panning for gold getting ready to live that great depression era life like a bawse.
Nice
@@shadowbanned4days the local rivers are fl of Gold after the floods last year in the immortal words of Jeff Williams, “come on let’s go!”
SSSSHHHHH.. keep it a secret and remember its taxable
@@unitedstatesdaleonly if you tell someone, and I even question that
Paying tax on earth material sounds communist to me
@@unitedstatesdale there’s a few mountain men live up in those mountains cut off from everything. They all wish they had more to eat but they ain’t paying no taxes 😝
My portfolio is very similarly oriented to Schiffs. Learned a lot from this man.
2 more rate increases this year. No rate cuts for atleast a year. Powel won’t resign in 2024. Market is up because of manipulation and skewed numbers.
Algo's buying momentum and dumb money chasing.
Good conversation. Thank you
Schiff is spot-on with his analysis. Excellent.
Everyone needs to realise this channel is a scam just to push these guys’ gold products. That’s why they’re always pumping fear and saying you’re gonna lose all your money.
Dudes been wrong for decades
Peter full of Schiff.
@@suzukikawasaki5165wrong or either just taken time for his analysis to come to fruition. The us has been printing money for years with record debt on all levels. What is the cause of inflation purely supply chain bottle necks and covid?? I don't think so. There's more to it. If inflation doesn't retreat the system will break.
I really do pity the poor folks who actually believe this charlatan. Same old doom and gloom every frigging interview. Do yourself a favor and find a qualified financial advisor.
Is this a repeat or part 2? Either way it's still worth it.....Good stuff David!
The government changed the goal post. By the time they declare a recession it will be a depression
Good take.
This is why I work for myself, carry zero debt, own my house outright without ever having a mortgage and haven't taken out a car loan in over 30 years. Go ahead and trust those banks. See how that works for ya.
Well done but it's not so easy for young people nowadays.
@@tomr6955 Why not? We only bought our place 5 years ago. It was an old craftsman fixer on an acre with a barn and an old glass greenhouse for just $35K. We saw this economic storm coming a few years before and knew we had to be creative. Saved, cut back and shopped in several states. It's really about gaining skills, having patience and being willing to put in the sweat equity instead of demanding plug and play. Over these years, we've put in less than $20K and now our place is valued at $187K, last look. We are in a small town (pop 537), yet are just an hour from NOLA and less to Baton Rouge. Surrounded by miles and miles of woods that run heavy with deer and wild pig, plus have many rivers and lakes within them that are thick with fish. Even found a 1920's wood cookstove like great grandma had for those times power may go out. Life is good
If we could do it, anyone can.
@@ewetoobblowzdogg8410 That's a sign of good frugality and solid common sense. Congratulations to you on the achievement.
@@___HH___ If I can do it, anyone can
I’ll bet all the banks are giving themselves huge bonuses.
@@Grybyxbanks are destroying the environment?
Mr.Lin is a great commentator
The lockdowns. Not "covid". Did we already forget what happened?
They nailed it. Without massive deficit spending, our GDP would be negative.
Yep.
Great information and insight. If you don’t mind please keep your charts up longer for us who are still learning ❤
You can pause the video
As long as there are a lot of people placing short bets on the stock markets, will banks and hedge firms continue to pump more money into stocks in order to shake out short positions? Can this go on nearly indefinitely? Why?
Great interview
The goal is to centralize the entire banking system under one central bank, which will not be independent from the Treasury, so that the Treasury will effectively become the banking system. With the introduction of a CBDC we then have total control of the people by the state.
Very close, except it will be the central bank that controls things, not the treasury. The state is already completely controlled by the Fed. The central bank being the only bank is the communist model. Communism is a central banker form of government.
The million dollar question is, where will this central bank be located? It won't be Washington or New York if that's what you think.
David Linn is the perfect example of how to have a podcast....a good example of dignity.
the collapse will ultimately result in a default on federal debt.... like minting those Billion dollar coins out of recycled aluminum cans and paying off (canceling) the debt on treasury bonds.
The Treasury USD default is already happening. Imports will become impossible to acquire, the USD collapses in that order. If you pile it on the Federal Reserve into oblivion, the US might survive with a US Treasury created real money/currency backed by multiple real assets. The Federal Reserve is a corporation, it is NOT the United States.
They need to give back the money they stole from the public purse before they collapse first, considering the people refloated these institutions in 2008.
A great exchange of ideas and insight into what the heck is going on under the chatter from The Fed. Thank you David. 9/12/23
Glad I stumbled upon this podcast!! Great content
This guy made a great point when he compared the United States to Germany’s Weimar republic in the 1920s - “and I know that they had reparations that they couldn’t pay, but we have entitlements that we can’t pay” (50:00)
He's done it quite a few times before...😂
I have been listening to Peter Schiff since forever. I think he is a great forecaster, but when he interrupts another guest , it annoys me no end
😂😂😂 I don’t think Powell is going to resign. What’s going on now is exactly what Powell wanted to happen as soon as he stepped into office. He only really held back because of Yellen and Trump lmao 💀🎯
He will resign, when 5k banks go under, and JPM "assimilates" them lol
He'll resign if his big bank owners tell him to
Thank you David and Peter for exposing this paper tiger of promises from the FED. From govt to private sector the economy is looking like musical chairs and the needle on the turntable is nearing the end of the song.
Congratulations David Lin!
David: " I blame the mouse shifting software" that joke gets funnier every time you say it.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@@maryHenokNft Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@@maryHenokNft This is quite fascinating. Could you kindly share the contact information for your Advisor? I have concerns about my diminishing portfolio and would like to get in touch with them.
I'm guided by *Mary Onita Wier* An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
Jerome will raise .25 as said before to hold the slide of the Dollar, everything else follow to react.
CORRECT
Exactly.
Excellent report 👍👍👍👍👍👍👍👍👍👍👍👍
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...
Absolutely. Market success requires emotional maturity
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional
I trade as a side hustle while keeping my job. I'm tired of trading in losses myself. I've blown my account twice and it's frustrating. I see people making a living out of trading and I want to do the same. Please I need help can someone teach me how to trade?
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
I'm a living testimony of the expert Mrs. Pamela Weaver she has been trading for me for years now
in 2013 Peter was talking about how the fed cant taper because that would cause a downturn in the markets...The S & P has since tripled and is about 200 points from ATH
He was saying that all the way up until last year lol, just one more thing he gets wrong
Awesome content!!!! The truth is very scary.
Great interview(s) David.
Sensational headline
Regarding banks en bankruns: this is where a cashless society and a government run programmable CBDC could control all the money. In addition it can easily prevent bankruns and make this a concept in history. Banks florish because of the low interest rates. Many campanies do not survive the higher rates.
Nice to see David, despite the news. Take care.
“The feds not honest” = truer words have never been said
Severe recession will be here in the next six months. If not in the next six months, then in the following six months
The only way to end this ongoing global banking scam is to NOT bail out these gangsters this time!
Let them fail because giving them another license to print more fiat paper will only result in a bigger disaster in a few years!
Never going to happen.
The gangsters own every branch of government. They're bailing themselves out
When people refer to "the Fed buying stocks", are they meaning the U.S. Treasury or do they mean the Federal Reserve?
Is there some participation or cooperation at least by the U.S. Treasury with the the Federal Reserve in this? If so, how?
Does the U.S. Treasury participate in increasing the valuations of the stock market via either direct purchases or indirectly via providing "liquidity" to banks, investment firms & corporations in order for them to "pump up" stock prices? If so, how & why?
1. Both do, what they mean is not relevant. 2. The US Treasury commandeered the private corporation, this question is moot. A better question, are the Rothschilds now bankrupt? 3. Both, Absolutely. Because it would have crashed after 2008. The system would have died, now it IS dying anyway, but you will see Europe die first.
Does Euro pacific still accept Bitcoin for gold purchases?
You can fool some people sometime , you cant fool all the people all the time..
The points in the video I very much agree with my advisor, in meetings with him I often hear class him say these. Even he is often on the news and mentioned many times in some interviews. People can also raise these issues with him. By his name.
Dan Price CFA.
I am delighted to have met my advisor, Dan Price, here. As an investment instructor, his expertise is truly remarkable. The investment portfolio he recommended has helped me achieve my investment goals.
You're on my radar, Mr. Schiff
Thanks for video.
How long can "the Fed" (whether this refers to the U.S. Treasury or the Federal Reserve, or both) keep the entire economy propped up via money creation? Can this go on a very long time? How long or how depends? Why ?
It will go on until it can't. Like, how much weight will break the camel's back? You don't know until it happens. But by the law of math and reality, financial alchemy must implode at some point. Because there's hyperinflation at the end of the line if they can't get it in control. But the government is so heavily indebted and insolvent, I don't know what other end there is. And they have no choice but to print money now. Once you print off bonds and fiat, by default, you have to keep doing it. It's all a confidence game now. Someday, the world at large will finally catch onto the government's dollar games and then the show is over. But I think the government will trigger nuclear war before they let the dollar just die the death of a hyperinflated currency.
Its been going on for decades and it will continue on for at least another decade
I think , they (the "big money" or "market makers"), have been pumping up the markets lately to specifically take out people shorting the markets (since that is the more profitable thing to do since there are so many doing it), then when there are not so many people shorting, they will "pull the rug" on the bulls , but I think only after it goes sideways for awhile to sell at the exit at the highest prices while also then placing short positions? I would be interested to see any reports that show what the "big money " is doing, is there such and can it be trusted? Why?
It depends on how long other countries are willing to keep using USD as a reserve currency. The U.S. is spreading its inflation out to the wider world. If this stops and all the inflation is concentrated within US borders, it will be a big problem.
@@Mike37551 i think the US gov. then would set price controls inside the USA, at least, and I guess we will have to start making things in this country again and stop depending on imports
12:30 peter says people are taking money out of the banks to “buy money markets”.
I think most people are just opening a money market account at their bank. Mine is paying 5.1%
Wow, you just can't fix obliviously uninformed. 1.051 % of nothing compounded is how much?
@@Energene2310 huh? What are you rambling on about?
I wish I could work for you Peter. You're a rockstar with understanding of investments and economics is superior to our leaders
Great show
First likes. Peter deserve 1000 likes
Yes but he is so bad with his timing!
I’ve lost so much so far buying the miners due to his recommendations
@@rayddonovan2608in terms of what?
@@rayddonovan2608 you mean gold?
GREAT CONVERSATION !! SUPER INFORMATIVE !!! 👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👍👍
As long as there are a lot of people placing short bets on the stock markets, will banks and hedge firms continue to pump more money into stocks in order to shake out short positions? Can this almost go on indefinitely? Why?
UA-cam needs to insert just a few more useless commercials….they should CENSOR that!
Very informative discussion between David Hay and Peter Schiff. Both are completely correct in backing any currency with gold as this transfers wealth to people of any given currency instead of the government robber - inflation. Their real currency is information as it is mine.
Excellent discussion!!
Thank you very much...
Awesome analysis
In the end they may ultimately be right. But never have two men been wrong for so many years. Year after year calling the same shots that never happen. Predicting the time horizon of an event is a critical, if not the most critical. Anyone can predict complete collapse or growth.
They fall under the rule...
Just because something is inevitable doesn't mean it is imminent.
USA has massive debt from national level to corporate levels, and consumers level
just to fund this debt is getting more expensive every year to the tune of 1 trillion dollars soon. after that alot of people say game over.
@@rickmelonman I agree, and I look into US DOD, and they are paying people to change genders too. this is example of wasting money. it seems that USA likes to spend more money that they don't really have
Thanks again Peter ❤
Also can you do a video on what dictates the value of the DXY I can never get a straight answer and i wanna see what you think.
This economic collapse will make all who own Silver and GOLD rich beyond belief 🥇🥈🙏
I do NOT own Gold or Silver to become rich. I own them, so I do not become poor!