Real Vision Classics are the best videos from our premium subscription service released free, often a few months after the original air date. The original air date is in the top left corner as the video starts. Film date is located in the description.
Jeff Dannewitz Wrong about what? He said the Fed would never be able to wind down the balance sheet and now the Fed is expanding the balance sheet again.
Peter, you are da man. I see people commenting about a broken clock being correct twice a day - or that you've been wrong for a decade. I say, if you think that Peter Schiff only talks about gold, then YOU DON'T LISTEN TO PETER SCHIFF. Seriously, your commentary about current events is great. I see your content pop up and can't wait to watch. Mr. 'CUT TO THE POINT' Schiff. REALLY APPRECIATE IT. Cheers dude!
Thanks Peter. I started buying gold and silver due to listening to you a few years back. Gold was at $1170/oz. Silver close to $14.40. Thanks for all the work Peter
Thanks to listening to Peter's you tube broadcasts over the last several months, I've invested significant resources into precious metals I hold and I feel better positioned to survive the coming maelstrom. Thank you Mr. Schiff.
Peter Schiff and real vision go together like peanut butter and jelly. The man should have a segment in RV. The Golden Rule with Peter Schiff every Friday at 5:00 pm eastern time.
@michael jordan he has his own opinions too. You can watch his old pitch on the milkshake theory and what not. There was also a debate in May I think where these two argued opposite sides on the economy. I happen to agree with Peter, but like I said, they are both very smart, enlightening people. You must be new in the podcast world, welcome.
@michael jordan If you don't already, listen to Peter's stand alone podcast on here. Also mcalvany financial is a WEALTH of information that will blow your mind.
@@RealVisionFinance Fine in principle, but you should make it clear in the title by adding "(2017)" for example, and not just in the description. Please consider for the future.
No, but if you want current information, then purchase the premium subscription. By the way, what was worth hearing two years ago, is worth listening to today.
He actually was correct in his predictions and assessment as to what the market was going to do... For those who missed it ... This was filmed in October 2017... Check what the economy did since Oct 2017 to today Sept 2019
mkaberli obviously I don’t, but It’s your life, do as you will. The central bank FIAT fractional reserve system will come down. It’s garbage, they create & bust the bubbles as part of their wealth transfer mechanism. I don’t hate you or wish you ill. I hope you’re prepared for the upcoming crisis, it WILL be WORSE than 2008.
Been following Peter for several years. Always appreciate his knowledge of market, politics, and macros. Cnbc and other news channels don’t invite Peter on is because of his Rabid delivery. If he could just chill a little and stop spitting on the camera, he would be a regular. Content is spot on. 👌
Lots of respect for Mr Peter Schiff and also for Prof Wolff; these two gentlemen have done so much to educate the average Joe like me on these intricate matters.
Peter is the voice of reason and economic logic. I’ve learned so much from him over the years and continue to do so. He’ll come around to crypto too one day, that’s my prediction. But regardless of that Peter is a hero to me.
Matthew Rosenfield, I took Peter Schiffs advice in this video just before we had a crash from around February 18th to March 18th of this year, this crash made the Dollar increase in value, gold went up by 5% and silver fall by 30% during this time period, if I had followed Brent Johnsons thought which is what i was planning to do which was to own the US Dollar first then some time after the crash I could have bought cheaper silver with my increased value US Dollar. So I've followed the wrong person here but perhaps we should prepare in this way ready for the next market crash, could please coments on this please.
The price of the Russell 2000 per ounce of gold has gone down 2% since the high in 2007. And the S&P has only rose 1% since the high in 2007 in price per ounce of gold. Yet this economy is “booming”.
Say what you want about Peter, his opinion always has a fundamental foundation behind it. I may not agree with all of his views, but they’re definitely worth taking into consideration.
Peter is one of the few I can stomach to listen to on economics... Love his debates on Bitcoin vs Gold too. Has given him even more notoriety lately : )
dan bay, I took Peter Schiffs advice in this video just before we had a crash from around February 18th to March 18th of this year, this crash made the Dollar increase in value, gold went up by 5% and silver fall by 30% during this time period, if I had followed Brent Johnsons thought which is what i was planning to do which was to own the US Dollar first then some time after the crash I could have bought cheaper silver with my increased valued US Dollars. So I've followed the wrong person here but perhaps i should prepare in this way ready for the next market crash, could you please coments on this.
I am 12 minutes, 20 seconds in and this is one of the best interviews and explanation of how an Austrian economic mindset works. It can be extremely frustrating at times when it seems everyone else is going the opposite direction. Way to go Peter. Tuning back in now for the rest of the vid✌️😎
My problem with gold: It’s only propped up because governments buy it. If governments dumped it all on the open market the price would collapse. Therefore, IMHO, gold has a government put holding it up, so governments must buy just enough to keep the price above the production cost to support the mining industry at a minimal level.
As a pro-Brexit Brit, I really think Peter completely underestimates the dire state of the EU right now. The only way the EU can even attempt to resolve the issues it faces now is through printing... And I'm talking about civil war here. There's going to be major disruption across Europe for many reasons; Islamism, failed economic policy, the French, the Italians, etc. I understand and appreciate his arguments, but the EU is much further down the Socialist road than the US is and the ECB will have to print.
Peter Schiff has truly become an icon of knowledge on financial situations for long term standings of the American way, very similar to the founders of the Jeffersonian Independence and Freedom movements.
Over two years and we're still at "historic valuations." Much more-so, in fact. I like Schiff. His top predictions are ultimately correct from a high level sense. But equities can remain overvalued a lot longer than Schiff or anyone can keep repeating how overvalued they are.
when the cat meowed at 5:34 i literally thought my cat was in trouble and went around my house looking for my cat! lol that totally messed with my head
When we went off the gold standard I don’t think anyone changed their views on anything. They payed no attention to controlling credit. Or imbalances in global trade.
If $ goes down, which currency ( except Swiss Franc , eventually ) , will go up? What is you wish, Peter. ??? Gold is ok , but ; everything , all fiat money will go down and dollar will still be better than 99 % of others. Euro will be in basement, and looks it already is , as well as others.
The US government is ISSUER of the dollar, not the USER! To suggest investors will no longer want a fiat currency that's created literally millions of millionaires & billionaires is beyond pitiful.
if banks fail, and bank deposits fail, what happens to gold stocks and etf gold stocks that are deposited in the banks and brokers? do these stocks get wiped, too?
First real vision video I've watched in a long time, Peter Schiff is the top man, sad to see adventures in finance go the knock on effect is so commercialized it seems and made for people with a very short attention span, adventures in finance was informative, detailed, and very easy to listen to. Knock on effect is okay but I can't listen to it on a regular basis like adventures in finance
For the price of a couple of ASEs, you could buy a few shares of a low price miner,trading at 1 to $3 a share. Trade these for some profits,DO NOT TRADE YOUR GOLD. EXK, which trades about $2.50, was up 7.5% one day this week, up about 15 cents in a day.
@@jsolnis Brent Johnson may well prove to be right about the US dollar; but it looks like gold and the US dollar are going to be rising in price simultaneously over the course of the next several months.
The digital economy upends many of his thoughts, but the real shift is from traditional trades and 19th Century Debt Banking and Stock Market-Digital Markets with Sovereign Debt becoming irrelevant.
Of course Peter's insight is still very much valid and many of his predictions are once again starting to pan out, but if would have been nice to see a more recent interview.
Gold Money requires you to leave your gold to the company when you die, whereas in a bank you can designate a beneficiary. It is also held at an unknown location. So no, it’s not more secure.
The Constitution says that Congress should be in charge of our currency, not a bank, which is what the Federal Reserve is. Also, the Constitution says that Congress shall have the power to COIN money, not print it, which is what the Federal Reserve is helping to make happen. What is happening is that Congress spends however much money it pleases and the Federal Reserve emits bills of credit in sufficient quantities to cover their spending. The result is runaway inflation which, we are told, does not exist. The FOMC is persistent in one thing, they want more inflation. They are not telling us the truth about how much inflation they want, but the actually really and truly want more inflation. So, why is this the case? Because our Dear Leaders have spent so much money that there is no way our debts will EVER be paid off. This will NOT end well.
Peter shchiff is a smart man. His ego gets in way though often because he owns schiff gold precious metals as a broker his opinion is a bit tainted That being said I feel gold and silver are both entering a long term bull market. Debt crisis and monetary crisis just happens slower than schiff claims. Complete Economic collapses might not happen in our lifetime. As the gov and institutions have found ways to continue to kick can down the road I’m not saying he’s wrong but the timing and the magnitude and the ability of the US to rebound is huge factor. Schiff says same thing every year for 20 years so he’s often very right.
Well, you can go to your local coin dealer or online and buy precious metals. He has an 'option' but most options don't involve anything he offers. Same outcome. As far as kicking the can down the road - I'm sure you have house and car insurance. The difference here is we are STARING into a catastrophe. The wildfire is RIGHT THERE ;D tens of trillions of debt PROVE this.
NewmiesDad well what you just said is what people said about real estate in 2013-2016. They said “it’s dead. It’s burning your dumb for buying. Real estate has changed forever and will not return “ I looked at the value and fundamentals of market and bought real estate. It went from $100k in 2003 to now 2.5 million equity. That being said I hold lots of gold and see it bullish and great hedge. It just is more likely to be bull/bear over time and not be used for financial collapse. If collapse happens I suppose I’ll be ready But when there’s a crash the best thing to do is buy the asset that is depressed. Right now and for last few years the depressed asset is silver gold
NewmiesDad also the debt doesn’t mean dollar can’t be reinflated and debt be reduced. There are always ways that we can collectively rebound from downturns or major issues That being said. You’re correct the debt is ridiculous and gov has been spending to oblivion. I just don’t know when oblivion would occur it could happen in a couple generations. And unlikely to happen in 1-5 years. Imo.
Real Vision Classics are the best videos from our premium subscription service released free, often a few months after the original air date. The original air date is in the top left corner as the video starts. Film date is located in the description.
You should start playing videos from 20 years ago just to finish the old content trend.
THAT RANDOM CHANNEL lol
Please bring these guys back
When can we get a follow up? This was an great Interview!!
Anyone have any advice. If you could invest 500-600 every few weeks would you go full gold, 50/50 gold and crypto or 75 gold/25 crypto?
this guy is the real deal. he understands the concepts inside and out, from all angles. a true scholar.
Peter for the last FED chairman! To shut it all down.
Ron Paul is better candidate.
@@Harshalcv11 both are great
Lol dynamite
Peter going to push rates up to 10% if he did!😂🙌🏾
We love Peter Schiff. Can't beat his shear determination and personality.
leighcduffy He really can get it wrong every year, year after year, except for one, to become tragically right!
Except for that jacket. Jesus.
Jeff Dannewitz Wrong about what? He said the Fed would never be able to wind down the balance sheet and now the Fed is expanding the balance sheet again.
Peter, you are da man. I see people commenting about a broken clock being correct twice a day - or that you've been wrong for a decade. I say, if you think that Peter Schiff only talks about gold, then YOU DON'T LISTEN TO PETER SCHIFF.
Seriously, your commentary about current events is great. I see your content pop up and can't wait to watch. Mr. 'CUT TO THE POINT' Schiff. REALLY APPRECIATE IT. Cheers dude!
Is that you Peter?
"QE is a sedative and not a stimulus" - truer words never spoken
No, speed for the speculators, for the financiers, for the already rich.
True
Thanks Peter. I started buying gold and silver due to listening to you a few years back. Gold was at $1170/oz. Silver close to $14.40.
Thanks for all the work Peter
I find Peter to be a true educator. He’s honest.
Mr. Peter Schiff has always given very sound advice. I follow him closely with much success. Thanks Peter.
Thanks to listening to Peter's you tube broadcasts over the last several months, I've invested significant resources into precious metals I hold and I feel better positioned to survive the coming maelstrom. Thank you Mr. Schiff.
Peter Schiff and real vision go together like peanut butter and jelly. The man should have a segment in RV. The Golden Rule with Peter Schiff every Friday at 5:00 pm eastern time.
I have so much respect for both these gentleman. Wrong or right on opinions, both these guys actually know how to have a conversation.
@michael jordan he has his own opinions too. You can watch his old pitch on the milkshake theory and what not. There was also a debate in May I think where these two argued opposite sides on the economy. I happen to agree with Peter, but like I said, they are both very smart, enlightening people. You must be new in the podcast world, welcome.
@michael jordan If you don't already, listen to Peter's stand alone podcast on here. Also mcalvany financial is a WEALTH of information that will blow your mind.
something i painfully learned over the years, being soon is being wrong. but it’s great when you turn to finally be right.
Thank you for bringing Peter in your program! This is a valuable interview. Peter is a such genuine honest and wise guy!
I wonder why Realvision waited until 2019 to publish this 2017 video? Almost 2 years lated. Did they wait for the price of gold to rise to publish it?
brilliant catch!
We publish old videos on UA-cam. This video was released to our paying subscribers at realvision.com in 2017.
Maybe you should not expect premium quality for free!!!
@@RealVisionFinance Fine in principle, but you should make it clear in the title by adding "(2017)" for example, and not just in the description. Please consider for the future.
No, but if you want current information, then purchase the premium subscription. By the way, what was worth hearing two years ago, is worth listening to today.
He actually was correct in his predictions and assessment as to what the market was going to do... For those who missed it ... This was filmed in October 2017... Check what the economy did since Oct 2017 to today Sept 2019
Drink every time you hear "BUBBLE"!
Xtra
YEAH 💪
CAV M You’re INSIDE the bubble, just KEEP drinking, why bother stopping?
Why? Do you having a problem with alcohol consumption?
mkaberli obviously I don’t, but It’s your life, do as you will. The central bank FIAT fractional reserve system will come down. It’s garbage, they create & bust the bubbles as part of their wealth transfer mechanism. I don’t hate you or wish you ill. I hope you’re prepared for the upcoming crisis, it WILL be WORSE than 2008.
Peter is the man.
Been following Peter for several years. Always appreciate his knowledge of market, politics, and macros. Cnbc and other news channels don’t invite Peter on is because of his Rabid delivery. If he could just chill a little and stop spitting on the camera, he would be a regular. Content is spot on. 👌
It amazes me how people just turn grey in a heartbeat.
It really is amazing to watch
I'm looking forward to it. I think its a great look. I have some new greys in my beard and I'm feelin it :)
being a university student and listening to him for months now but not having the funds to invest is killing me
Lots of respect for Mr Peter Schiff and also for Prof Wolff; these two gentlemen have done so much to educate the average Joe like me on these intricate matters.
About time Real Vision... long over due. Looking forward for the next 'Peter Was Right' montage. Team Schiff!
Love Peter...even though I'm big holder of btc...lots of gold too for recession. Buying gold always with my btc profits.
Then Gold is the standard wink*
What did the socialists use before they discovered candles?? : electric lights!!
Boom!
@minty 178
ayn rand
Helen Caldicott in a nutshell.
Peter is the voice of reason and economic logic. I’ve learned so much from him over the years and continue to do so. He’ll come around to crypto too one day, that’s my prediction. But regardless of that Peter is a hero to me.
Hi Peter, I’m buckled up and ready for the turbulence ahead!
How much gold you keep?
You think you’re prepared. Unless you KNOW for sure what and how it’s going to unfold, chances are you’re wrong.
Matthew Rosenfield, I took Peter Schiffs advice in this video just before we had a crash from around February 18th to March 18th of this year, this crash made the Dollar increase in value, gold went up by 5% and silver fall by 30% during this time period, if I had followed Brent Johnsons thought which is what i was planning to do which was to own the US Dollar first then some time after the crash I could have bought cheaper silver with my increased value US Dollar. So I've followed the wrong person here but perhaps we should prepare in this way ready for the next market crash, could please coments on this please.
I’m a simple man...I see Peter Schiff....I see Real Vision....I click
Yes you are simple
@@thanksforthefish5620 internetgangster
@@sameeralsaadi2054 take a joke smh lol
Peter is on for the biggest I told you so in history 😀😀
Nice to hear how smart people are discussing :)
we should listen to it
The price of the Russell 2000 per ounce of gold has gone down 2% since the high in 2007. And the S&P has only rose 1% since the high in 2007 in price per ounce of gold. Yet this economy is “booming”.
Peter is always a good listen
Cut the military budget in half, problem solved. The can is then kicked way down the road rather than just one quarter.
I really enjoy Brent and Peter. Even though they disagree on the path to dollar destruction they see the end game.
Say what you want about Peter, his opinion always has a fundamental foundation behind it. I may not agree with all of his views, but they’re definitely worth taking into consideration.
Peter is one of the few I can stomach to listen to on economics... Love his debates on Bitcoin vs Gold too. Has given him even more notoriety lately : )
Peter Schiff is the best economist out there! SCHIFF 2020
Gold 1 Milkshake 0, thank you Real Vision , have been waiting for this for months!
11/10/17 is when this was filmed.
He owes you a gold coin 😂😂😂
😊
was going to comment the same! Haha
@@whitetiger7930 Peter doesnt owe the coin though
He didn't owe Peter a gold coin at this time of the interview, this was recorded in Oct 2017. I believe the bet was made late in 2018.
I can't believe i'm saying this again, but Peter Schiff WAS right....
dan bay, I took Peter Schiffs advice in this video just before we had a crash from around February 18th to March 18th of this year, this crash made the Dollar increase in value, gold went up by 5% and silver fall by 30% during this time period, if I had followed Brent Johnsons thought which is what i was planning to do which was to own the US Dollar first then some time after the crash I could have bought cheaper silver with my increased valued US Dollars. So I've followed the wrong person here but perhaps i should prepare in this way ready for the next market crash, could you please coments on this.
My wife absolutely loves Peter!
Yes..she does.
I am 12 minutes, 20 seconds in and this is one of the best interviews and explanation of how an Austrian economic mindset works. It can be extremely frustrating at times when it seems everyone else is going the opposite direction. Way to go Peter. Tuning back in now for the rest of the vid✌️😎
Brent Johnson and Peter Schiff, Real Vision has arranged a match
This may be an old interview and is released today and not current.
My problem with gold: It’s only propped up because governments buy it.
If governments dumped it all on the open market the price would collapse.
Therefore, IMHO, gold has a government put holding it up, so governments must buy just enough to keep the price above the production cost to support the mining industry at a minimal level.
It’s propped up by 3000 years of monetary history.
Got all stoked, then realized this is two years old.....
Peter is like a timeless economics professor. I digged up stuff he said in 2000 and it is still golden.
Matthew Golden You are correct. Peter is always right and has the last laugh.
As a pro-Brexit Brit, I really think Peter completely underestimates the dire state of the EU right now. The only way the EU can even attempt to resolve the issues it faces now is through printing... And I'm talking about civil war here. There's going to be major disruption across Europe for many reasons; Islamism, failed economic policy, the French, the Italians, etc. I understand and appreciate his arguments, but the EU is much further down the Socialist road than the US is and the ECB will have to print.
Peter Schiff has truly become an icon of knowledge on financial situations for long term standings of the American way, very similar to the founders of the Jeffersonian Independence and Freedom movements.
Over two years and we're still at "historic valuations." Much more-so, in fact. I like Schiff. His top predictions are ultimately correct from a high level sense. But equities can remain overvalued a lot longer than Schiff or anyone can keep repeating how overvalued they are.
When this was filmed? Sounds old AF
How old is this? The chart only goes until 2018 and they are talking about the US dollar being around 92?
Dr.Bruce `Masson description says 2017
This interview is old, apparently, Yellen is the fed char at the time of this interview. Fed has rerversed its interest hike position a long time ago.
Had to sign off after the first 6 minutes of Peter telling us how wonderful he is.
He is great. You’re probably just jealous
That must be it. After all he's the only person aware that there's something amiss with the economy.
One of the best interviews with Peter I've seen since Joe Rogan. OK, best since Joe.
The fact this was filmed before the trade war. And the currency war. And this comment being made at the very starting stages of these wars.
Thanks for a great interview. Peter is a legend in finance, and I have taken his advice and profited from it. Thanks guys!!!!
when the cat meowed at 5:34 i literally thought my cat was in trouble and went around my house looking for my cat! lol that totally messed with my head
Schiff knows his Schitt ! I’m grateful for all his advice over the years. I’m positioned to do well in the coming gold bull.
Thx Peter
When we went off the gold standard I don’t think anyone changed their views on anything. They payed no attention to controlling credit. Or imbalances in global trade.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." -F. A. Hayek
I wonder what Peter's opion is about the "the big short" movie, e.g., why wasn't he portrayed in the movie, did anyone contact him?
If $ goes down, which currency ( except Swiss Franc , eventually ) , will go up?
What is you wish, Peter. ???
Gold is ok , but ; everything , all fiat money will go down and dollar will still be better than 99 % of others.
Euro will be in basement, and looks it already is , as well as others.
Why gold over silver?
They're backed
@@azncs11 Backed by what? I was asking why gold is a better investment than silver.
The US government is ISSUER of the dollar, not the USER! To suggest investors will no longer want a fiat currency that's created literally millions of millionaires & billionaires is beyond pitiful.
if banks fail, and bank deposits fail, what happens to gold stocks and etf gold stocks that are deposited in the banks and brokers? do these stocks get wiped, too?
Yep gota have the physical and hold it
First real vision video I've watched in a long time, Peter Schiff is the top man, sad to see adventures in finance go the knock on effect is so commercialized it seems and made for people with a very short attention span, adventures in finance was informative, detailed, and very easy to listen to. Knock on effect is okay but I can't listen to it on a regular basis like adventures in finance
Peter Schiff have been talking on his podcast for the past few years about was going on today...
For the price of a couple of ASEs, you could buy a few shares of a low price miner,trading at 1 to $3 a share. Trade these for some profits,DO NOT TRADE YOUR GOLD. EXK, which trades about $2.50, was up 7.5% one day this week, up about 15 cents in a day.
This guy knows his stuff.
what's with all these old vids, this is from 2017
cmares5858 simple. Pay if you want fresh contents
October 2017....? That's ancient history, in the financial markets.
No he wasn't. Have you checked the price of gold miners since then? I listen to him and I've had great returns.
@@jsolnis Brent Johnson may well prove to be right about the US dollar; but it looks like gold and the US dollar are going to be rising in price simultaneously over the course of the next several months.
Peter is a prophet.
Socialism and Capitalism are definitions of a long gone world... They can't possibly be used today to describe the real world.
I love Peter Schiff
The digital economy upends many of his thoughts, but the real shift is from traditional trades and 19th Century Debt Banking and Stock Market-Digital Markets with Sovereign Debt becoming irrelevant.
This video made in October
2017. Date should have been indicated in title.
I ought and sold 4 houses after 2008. NOW I purchased low and stopped that business. Gold and Silver is key TODAY 2019!
Great interview. He was straight forward honest.
Peter Schiff for President.
There, I said it.
GTFOH
Of course Peter's insight is still very much valid and many of his predictions are once again starting to pan out, but if would have been nice to see a more recent interview.
Peter you are the man hands down
Get these guys back on the show!!!
Daniel Negranu’s brother?
Not sure why Real Vision couldn't do a current interview of Schiff.
Love this interview but I dislike goldmoney they have high rates just buy the gold yourself
So the paper contracts in gold could create something like a "short squeeze" if people start to demand delivery. Very interesting...
Peter u r the best
That's the longest sentence that I've ever heard.
GO PETER!
This guy could talk for 5 hours and not run out of things to say. If Peter was at least a little pro BTC he would be awesome!
Where is my gold?
.
.
.
.
.
at the gold world
Gold Money requires you to leave your gold to the company when you die, whereas in a bank you can designate a beneficiary. It is also held at an unknown location. So no, it’s not more secure.
I like how you guys started to throw up the original air date at the start of the video.
where does MMT fit in here? - will gold go up or down if MMT and SDR global currency is enacted?
James Rickards
The Constitution says that Congress should be in charge of our currency, not a bank, which is what the Federal Reserve is. Also, the Constitution says that Congress shall have the power to COIN money, not print it, which is what the Federal Reserve is helping to make happen. What is happening is that Congress spends however much money it pleases and the Federal Reserve emits bills of credit in sufficient quantities to cover their spending. The result is runaway inflation which, we are told, does not exist. The FOMC is persistent in one thing, they want more inflation. They are not telling us the truth about how much inflation they want, but the actually really and truly want more inflation. So, why is this the case? Because our Dear Leaders have spent so much money that there is no way our debts will EVER be paid off. This will NOT end well.
Schiffs da man !! Camera man on peter set and forget’ dude.
The thing that makes things really hard to predict is the reaction of central bankers and governments changing the rules.
Peter shchiff is a smart man. His ego gets in way though often because he owns schiff gold precious metals as a broker his opinion is a bit tainted
That being said I feel gold and silver are both entering a long term bull market.
Debt crisis and monetary crisis just happens slower than schiff claims. Complete Economic collapses might not happen in our lifetime. As the gov and institutions have found ways to continue to kick can down the road
I’m not saying he’s wrong but the timing and the magnitude and the ability of the US to rebound is huge factor. Schiff says same thing every year for 20 years so he’s often very right.
Well, you can go to your local coin dealer or online and buy precious metals. He has an 'option' but most options don't involve anything he offers. Same outcome.
As far as kicking the can down the road - I'm sure you have house and car insurance. The difference here is we are STARING into a catastrophe. The wildfire is RIGHT THERE ;D tens of trillions of debt PROVE this.
NewmiesDad well what you just said is what people said about real estate in 2013-2016. They said “it’s dead. It’s burning your dumb for buying. Real estate has changed forever and will not return “
I looked at the value and fundamentals of market and bought real estate. It went from $100k in 2003 to now 2.5 million equity.
That being said I hold lots of gold and see it bullish and great hedge. It just is more likely to be bull/bear over time and not be used for financial collapse. If collapse happens I suppose I’ll be ready
But when there’s a crash the best thing to do is buy the asset that is depressed.
Right now and for last few years the depressed asset is silver gold
NewmiesDad also the debt doesn’t mean dollar can’t be reinflated and debt be reduced. There are always ways that we can collectively rebound from downturns or major issues
That being said. You’re correct the debt is ridiculous and gov has been spending to oblivion. I just don’t know when oblivion would occur it could happen in a couple generations. And unlikely to happen in 1-5 years. Imo.
America has not been living beyond its needs for a long time it’s politicians and elites have😩😤