my daughter attends Davidson college. Just got notice that tuition, room and board for 2024 is increasing 6.8%. This is good news because their costs increased 7.3%. Govt CPI is 3.5% but in the real world its double or triple that. The real world includes Japan.
He improvises better than Eminem. He talks and talks and talks. He is a genius no doubt about it, a speech genius, and that’s why I like to listen to him but I think he is way too bear you can get a panic attack just by listening to what he says. It is as if the entire world is going to end.
Bankers had to know the interest rates could not stay that low for 30 yrs. Its hard for me to believe that a banker would loan money at a lock in rate at those lows rates. There has to be millions of Adjustable Rate Mortgages that are coming due. IMHO. Sadly if I am right then there are going to be a lot of foreclosures. According to the national debt clock the credit card debt is going up $ 489,000,000 every 24 hrs. That alone is scary . Our economy has ran on debt since Reagan. 😢
These shows are worse and worse if you listen to his advice and you're not a paid shill like you. As usual, Peter Schiff's garbage is the only thing underperforming. Miners DOWN as everything else (tech stocks, DOW stocks, SPY stocks, Crypto) surges. 15 years of being wrong every month, every week, every day, and every hour. Avoid Peter Schiff in New Orleans at all costs. He will ruin your life. 100% WRONG, 100% of the time
He NEVER does a good job. These shows are worse and worse if you listen to his advice and you're not a paid shill like you. As usual, Peter Schiff's garbage is the only thing underperforming. Miners DOWN as everything else (tech stocks, DOW stocks, SPY stocks, Crypto) surges. 15 years of being wrong every month, every week, every day, and every hour. Avoid Peter Schiff in New Orleans at all costs. He will ruin your life. 100% WRONG, 100% of the time
every year I go to japan and I measure the inflation based off the vending machine prices. in 2017 almost every drink was 100 yen or lower. Now almost every drink is 130 yen.
Love the Peter Schiff Radio Program! Peter's sly smile is the smile of a man who called out the Bitcoin scam before anyone - more than 10 years ago. As gold sets for a historical launch, we can say Peter was right again!!!!!🤠🤠🤠
@webcomber Actually it's Peter's customers that are getting scammed. He charges an 8% premium to buy his silly metal coins that have no benefits whatsoever. With bitcoin you just get on an exchange and buy the real thing for a tiny fee instantly and you get many revolutionary benefits. Plus, he says gold is an inflation hedge but it can't even keep up with the rigged inflation rate, let alone the real rate. Bitcoin is the only form of money where you can't get scammed because it has rules without rulers. With gold backed currency, it's just a matter of time until it FAILS.
These shows are worse and worse if you listen to his advice and you're not a paid shill like you. As usual, Peter Schiff's garbage is the only thing underperforming. Miners DOWN as everything else (tech stocks, DOW stocks, SPY stocks, Crypto) surges. 15 years of being wrong every month, every week, every day, and every hour. Avoid Peter Schiff in New Orleans at all costs. He will ruin your life. 100% WRONG, 100% of the time
Been watching Peter for a couple years now, and his show has provided an alternate view to mainstream opinion is and it’s helped me make sense of what’s been happening economically as of late His shows continue to deliver
My 18 year old freshman son had to do a paper in currency vs gold and the pros and cons with an argument for both he received a B+ in it I was very proud it was over 1400 word paper 👍🏻👏🏻
I am a New Orleans native and I have been a huge fan of your show for years. I wish I could go listen to your talk but $600 is too expensive for a full time law student like myself. I hope you enjoy your time in New Orleans!
Get a 0% credit card for 12 to 18 months & use it to pay the $600. Your kicking the debt can down the road, but the experience will pay off tenfold in the long run.
In Australia we have been above $3000aud for quite a while now over a week this time. The Aud against the US dollar is down and has been for a while as well.
"Any idiot can run a printing press." Peter, you're simply wrong about that. I've been a Lithographer for more than two decades. It takes years of training to be able to print quality jobs and repair the machines when they break down. Most people couldn't handle the stress. Currently running a Heidelberg XL106. I still gave you a thumbs up 👍
Well, and for the US government to stop printing! In the UK the government spend 13 years printing like it was going out of fashion, and now are selling at huge loses and tapping the tax payer for the bill. Imagine. What Peter says - the taxpayer is on the hook. Problem is that we have a small share of the population actually paying in. Massive amounts are on benefits. Lots are in tax exile. Others spend 40 years drawing down the pension (I am 40 and I don't expect there to be an old age pension when I am 68).
Every podcast I leave more informed and better prepared than the last. I’ve purged myself of the fear crap I’ve been indulging in for years through different sources. Bottom line. This is a necessary podcast. Keeps me grounded and focused and sane! Like a revival. THE BEST expert analysis.
If gold mining stocks are valued according to US dollars, and US dollars aren’t worth anything, what good are gold mining stocks, unless when they skyrocket they pay you the stock value back in gold
The dirty secret is most gold funds only will pay out in cash, not metal. The funds are hypothicated where the paper outstrips the bullion by like 90:1. Bitcoin and gold are the same, you don't hold it, then you don't own it.
They can either pay higher dividend in the devalued currency, or they can start paying in a different currency whatsoever. Maybe even in gold or a gold-backed currency, depending on how the situation changes by then. You can look up what happens to stocks in countries with high inflation. They don't go to zero, and in fact they typically go up in nominal terms.
We are NOT the dirtiest shirt in the hamper. The inflation in Europe is worse than it is here. Their central banks are inflating worse than ours and their suffering more over there than in the US. This is why the dollar has gained strength on the DXY.
The UK is hemorraging money with its Quantitive Tightening. I think it's something like 60b this year alone. The taxpayer is being tapped for the losses. Thanks to Rishi Sunak and all the previous chancellors who didn't give a damn about leaving future generations being the bag holders.
True, Yellen couldn’t have prevented it but she could have started to fix it. It’s got to stop somewhere and if not intentionally, it will happen unintentionally.
DEAR PETER, Wolfgang here, a fan located in Japan. I will keep this short so that you read & answer it hopefully: You often say that gold can or should be 80,000 USD / oz and justify it by the amount of currency in circulation. Are you talking only about USD in circulation or all the currencies in the world? Thanks and regards Wolfgang
You are the best Peter, always setting the record straight. Telling like it is. Thanks to you I was able to wake up and protect myself from this corrupt system.
How were you able to protect yourself? The corrupt system has done nothing but thrive and make $millionaires for all who did the OPPOSITE of what Peter Schiff has said for the last 15 years. Peter is WRONG 100% of the time. You're a total phony shill!
Once you read it, please discuss it on your podcast and tell us what you think. As Gammon says, there are no certainties, only probabilities. What do you think the probabilities are for what Webb outlines in his book?
Peter should dress as Paul Krugman for Halloween and tell everyone how great everything is. That would be scary.
hilarious!!!
😂
Don’t for the Nobel Peace prize 😮
Really, has Paul Krugman ever been right about anything financial?
@@motivationready & the big coin.
Imagine having Peter & his kids ring your doorbell? Awesome. 🇺🇸
I bet he will accept bitcoin
Do you live in Puerto Rico?
I was thinking the same thing lol
Or go to his house trick or treating and get some gold coins?
Scary!
The baby being born and in debt, that was so funny.
52:57 Peter: "Any idiot can run a printing press." Me, a printing press operator: 😧
Laymen often underestimate the complexity of industrial systems. Dunning Kruger effect, or something like that 😁
Peter wasn't referring to an honest workingman like you. He was aiming at the printers of backed by nothing fiat "money".
Thank you partner. Some home truths com'n out for the pilgrims
I always thought it was "he who laughs last, thinks slowest" 😂.
Love Peter Schiff and his big grin is the grin of a man who called out the Bitcoin scam well over 10 years ago. BUY GOLD!
Peter doesn't pass out candy for Halloween. He gives out American Silver Eagles
Peter' costume makes me wanna watch Blazing Saddles.
Evil & Satanic holiday
"Where you headed, cowboy"?
"Nowhere special".
"Nowhere special... I always wanted to go there".
@@lancegrandis6230 Exactly. The first person I thought of when I saw Peter was Jim (Gene Wilder).
my daughter attends Davidson college. Just got notice that tuition, room and board for 2024 is increasing 6.8%. This is good news because their costs increased 7.3%. Govt CPI is 3.5% but in the real world its double or triple that. The real world includes Japan.
Peter Schiff is the best and most honest economist!!!!👍
Yea.....except when it comes to the manipulation of gold and silver.
Peter - you got me good with that slapped baby joke. Busted out laughing!
He improvises better than Eminem. He talks and talks and talks. He is a genius no doubt about it, a speech genius, and that’s why I like to listen to him but I think he is way too bear you can get a panic attack just by listening to what he says. It is as if the entire world is going to end.
Al & Peg Bundy outfit was awesome! One of my favorite shows!
Didn't know I needed cowboy peter schiff. Glad i got it
Getting a Village People vibe 😂
Thank Peter for all the information and good information at that
Thanks again
Been bullish and bearish personally but I have learned so much from you, much more than college years 😊
Thanks Pardner...
The opening to this video caught me off guard big time
Bankers had to know the interest rates could not stay that low for 30 yrs. Its hard
for me to believe that a banker would loan money at a lock in rate at those lows rates. There has to be millions of Adjustable Rate Mortgages that are coming due. IMHO. Sadly if I am right then there are going to be a lot of foreclosures.
According to the national debt clock the credit card debt is going up $ 489,000,000 every 24 hrs. That alone is scary .
Our economy has ran on debt since Reagan. 😢
Those bankers lost their jobs(Silicon Valley Bank)
That’s roughly $1.50 per American per day. That does seem unsustainable.
Great show as always. Keep it up Peter!
These shows are worse and worse if you listen to his advice and you're not a paid shill like you. As usual, Peter Schiff's garbage is the only thing underperforming. Miners DOWN as everything else (tech stocks, DOW stocks, SPY stocks, Crypto) surges. 15 years of being wrong every month, every week, every day, and every hour. Avoid Peter Schiff in New Orleans at all costs. He will ruin your life. 100% WRONG, 100% of the time
Love your show Peter. Keep up the good job.
He NEVER does a good job. These shows are worse and worse if you listen to his advice and you're not a paid shill like you. As usual, Peter Schiff's garbage is the only thing underperforming. Miners DOWN as everything else (tech stocks, DOW stocks, SPY stocks, Crypto) surges. 15 years of being wrong every month, every week, every day, and every hour. Avoid Peter Schiff in New Orleans at all costs. He will ruin your life. 100% WRONG, 100% of the time
every year I go to japan and I measure the inflation based off the vending machine prices. in 2017 almost every drink was 100 yen or lower. Now almost every drink is 130 yen.
Love the Peter Schiff Radio Program! Peter's sly smile is the smile of a man who called out the Bitcoin scam before anyone - more than 10 years ago. As gold sets for a historical launch, we can say Peter was right again!!!!!🤠🤠🤠
@webcomber Actually it's Peter's customers that are getting scammed. He charges an 8% premium to buy his silly metal coins that have no benefits whatsoever. With bitcoin you just get on an exchange and buy the real thing for a tiny fee instantly and you get many revolutionary benefits.
Plus, he says gold is an inflation hedge but it can't even keep up with the rigged inflation rate, let alone the real rate.
Bitcoin is the only form of money where you can't get scammed because it has rules without rulers. With gold backed currency, it's just a matter of time until it FAILS.
The shows are getting better and better
These shows are worse and worse if you listen to his advice and you're not a paid shill like you. As usual, Peter Schiff's garbage is the only thing underperforming. Miners DOWN as everything else (tech stocks, DOW stocks, SPY stocks, Crypto) surges. 15 years of being wrong every month, every week, every day, and every hour. Avoid Peter Schiff in New Orleans at all costs. He will ruin your life. 100% WRONG, 100% of the time
Been watching Peter for a couple years now, and his show has provided an alternate view to mainstream opinion is and it’s helped me make sense of what’s been happening economically as of late
His shows continue to deliver
My 18 year old freshman son had to do a paper in currency vs gold and the pros and cons with an argument for both he received a B+ in it I was very proud it was over 1400 word paper 👍🏻👏🏻
Great show Peter
Despite the black hat, one of the good guys, with the best commentary in The West.
That's crazy! My wife wanted to be Peggy too so I was Al this year too 😆
Thanks Peter, not only relevant, but entertaining as well!
I am a New Orleans native and I have been a huge fan of your show for years. I wish I could go listen to your talk but $600 is too expensive for a full time law student like myself. I hope you enjoy your time in New Orleans!
Whoah. That is expensive. Enjoy listening to Peter's pods but would rather spend that money on heating my house!
Get a 0% credit card for 12 to 18 months & use it to pay the $600. Your kicking the debt can down the road, but the experience will pay off tenfold in the long run.
Not a rhinestone cowboy but a Gold metal cowboy!. Yeehaaa. Love the costume, Peter.
Interest rates need go between 8-10% to really slow inflation
Hi Peter, there are ppl who say the price of gold is being suppressed, hence it hasn’t taken off as it shld be….. any comments?
I'm from Houston. Gotta love Peter Shiff. The silent truth.
In Australia we have been above $3000aud for quite a while now over a week this time. The Aud against the US dollar is down and has been for a while as well.
It's NOT that. The price of Gold going up its the National currency's that are going down. US Dollar. Australia dollars. Japanese yen So on
Dear Mr. Schiff, love the show, thank you so much for the content every week! The Alexander Hamilton comment was hilarious 😂 👍🏻
24:37 one of those guys was Shinzo Abe
Was anyone else singing Big In Japan when Peter was talking about the bank of Japan? 😂
My latest observation is that tourist shops in France, Portugal, Spain n Italy not accepting US dollars.
Did they accept them before?
That is a very scary observation
Isn't the euro weaker than ever?
Great as usual Peter
Hahaha, Peter Schiff is both informative and hilarious 😅
"Any idiot can run a printing press."
Peter, you're simply wrong about that.
I've been a Lithographer for more than two decades. It takes years of training to be able to print quality jobs and repair the machines when they break down. Most people couldn't handle the stress. Currently running a Heidelberg XL106.
I still gave you a thumbs up 👍
Thank you for all you do
Thanks Peter
Peter is right, nobody is talking about this. People are clueless as to what is coming to us for the next 10 years and out.
Save a horse, ride Peter Schiff. 🤠
Love this entrance mostly because in a cowboy myself lmao awesome
Peter your personality has me laughing all day with this podcast
Fantastic look Peter!!!
I have been watching Peter for years he is always on point
Omg totally caught me off guard. ‼️
Great outfit Peter
Great show as always, thank you! Schiff 2024!
The cowboy accent attempt😂😂
32:30 mark…Peter Schiff is such a smart man. He has a game theory mind.
Legend from Australia
Imagine having Peter Schiff come to your door asking for a trick or treat! If only I could be so lucky! Happy Halloween, Schiff heads! 🎃🍭
Peter love everything about you good bad and the ugly past 4 years I followed you and right or wrong you are fantastic
Rates aren’t nearly high enough to bring down inflation. We need double digit rates to actually give us deflation and therefore lower prices
Well, and for the US government to stop printing! In the UK the government spend 13 years printing like it was going out of fashion, and now are selling at huge loses and tapping the tax payer for the bill. Imagine. What Peter says - the taxpayer is on the hook. Problem is that we have a small share of the population actually paying in. Massive amounts are on benefits. Lots are in tax exile. Others spend 40 years drawing down the pension (I am 40 and I don't expect there to be an old age pension when I am 68).
I listen on Spotify, I just came by to like 🙌🏻
Every podcast I leave more informed and better prepared than the last. I’ve purged myself of the fear crap I’ve been indulging in for years through different sources. Bottom line. This is a necessary podcast. Keeps me grounded and focused and sane! Like a revival. THE BEST expert analysis.
He needs to dress up in costume for every show. Gives it an extra bit of fun.
Yes, a Peter Schiff spooktacular!!!
The Peter Schiff Show!
Who
Y'all gonna scroll past without saying howdy?
Peter is riding straight from the Klondike with sacks full of gold then moving to El Dorado and living happily ever after
Thank you Peter
Yellen is yelling today
Hilarious! 🤣🤣🤣
Love the cowboy hat, goes well with a bag of gold
If gold mining stocks are valued according to US dollars, and US dollars aren’t worth anything, what good are gold mining stocks, unless when they skyrocket they pay you the stock value back in gold
You got a lot more dollars that are each worth less for the same total value.
The dirty secret is most gold funds only will pay out in cash, not metal. The funds are hypothicated where the paper outstrips the bullion by like 90:1. Bitcoin and gold are the same, you don't hold it, then you don't own it.
They can either pay higher dividend in the devalued currency, or they can start paying in a different currency whatsoever. Maybe even in gold or a gold-backed currency, depending on how the situation changes by then.
You can look up what happens to stocks in countries with high inflation. They don't go to zero, and in fact they typically go up in nominal terms.
@@bogdanlevi yeah so once again those that hold assets won't get hit as hard as your local mobile home owner
I hope rates get hiked They need to be much higher.
2022 to 2023 +80% budget deficit? Yeah the interest on the governments debt is far too low it's way riskier than 5%
Thanks👍
You crack me up Peter 😂
We are NOT the dirtiest shirt in the hamper. The inflation in Europe is worse than it is here. Their central banks are inflating worse than ours and their suffering more over there than in the US. This is why the dollar has gained strength on the DXY.
The UK is hemorraging money with its Quantitive Tightening. I think it's something like 60b this year alone. The taxpayer is being tapped for the losses. Thanks to Rishi Sunak and all the previous chancellors who didn't give a damn about leaving future generations being the bag holders.
At least their country won't let you go homeless since they have a decent safety net.
Looking forward to the next podcast Schiff.
Happy Halloween Paaadnaa!! Welllll dawwgy! Yer mighty looksum there! Much obliged fer the lesson. When you learn a thing a day, you store up smart!
Great outfit Peter!!
True, Yellen couldn’t have prevented it but she could have started to fix it. It’s got to stop somewhere and if not intentionally, it will happen unintentionally.
Ever since the GLD etf was created, gold has stopped moving higher, despite insane money printing. Same fate coming for BTC after its etf happens?
@galacticcuriosities4664 What are you talking about? GLD was created in 2004 and both GLD and gold are up over 300% since then.
Hey Peter, Is it gold stock or physical gold?
Love the hat - looks good cowboy!
DEAR PETER,
Wolfgang here, a fan located in Japan.
I will keep this short so that you read & answer it hopefully:
You often say that gold can or should be 80,000 USD / oz and justify it by the amount of currency in circulation. Are you talking only about USD in circulation or all the currencies in the world?
Thanks and regards
Wolfgang
Wyatt Earp giving us economic news 🤟😁🤟
Peter Schiff is great
Peter is a genius economist!
Great content
The village people costume was spot on.
PETER. PODCAST IS REAL ECONOMICS EDUCATION ALWAYS THUMBS. UP (LIKE) 👍👍👍👍👍
Thanks
😂😂😂😂😂 I had to make sure I selected the right video! Then I said damn ads. Lol no, it’s Peter!
The debt scares me.
Which is why I’m reducing my debt, stacking silver and sats.
1990 was 33 years ago, not 23 Peter 😊
Thank you! Liked the costume 🤠
You are the best Peter, always setting the record straight. Telling like it is. Thanks to you I was able to wake up and protect myself from this corrupt system.
Same....I got ISO-20022 coins that saved me
How were you able to protect yourself? The corrupt system has done nothing but thrive and make $millionaires for all who did the OPPOSITE of what Peter Schiff has said for the last 15 years. Peter is WRONG 100% of the time. You're a total phony shill!
Question:
What is the current cost to produce 1oz of gold?
@05:30
I love "Love and Marriage", too.
Nice hat Peter
Once you read it, please discuss it on your podcast and tell us what you think. As Gammon says, there are no certainties, only probabilities. What do you think the probabilities are for what Webb outlines in his book?
HI! I am commenting on Peter’s podcast.