In a perfect world, this guy would have already won a Nobel Prize, if not several.

This will go down as a Schiff classic, People will be referring to this one for years. History will take note, "He told you so". Fantastic presentation Mr Schiff.

Your keynotes are getting better and better, Peter. I remember your speeches from 5+ years ago, but now you're studying all the current numbers and help connect them into your facts. You remind me of Kyle Bass' sharpness now.

"In a time of universal deceit - telling the truth is a revolutionary act." George Orwell

This is one of the best speeches I've heard from Peter during this monetary party. I think this will become timeless over the next decade. Well done Peter

If this is half as good as the mortgage bankers talk...Best. Friday. EVER!

A truthful voice out in the wilderness of lies??? great job Peter

Although there have been other Austrian economists (which, by the way, is real economics), that predicted the past bubbles ie Mark Thornton , Ron Paul, Bob Murphy--- no one articulates it better or makes it easier to understand than Peter Schiff. And this talk is a prime example of his amazing talent!

Keynesian model has destroyed our Capitalist system!

This is an amazing talk packed with brilliant insights on the future of the American dollar based financial engineering scheme! A prophetic speech on par with the 2006 mortgage bankers epic. Thank you, Peter!

A real treat. Thanks Peter.

Peter's analogies are hilarious! lol!

I'm gonna have to come back to watch this. Just finished reading the updated bits in crash-proof 2.0 this afternoon and now this evening I come back to find this waiting for me. Thanks Peter!

Greetings fro Norway - thank you again Peter.

Bravo! Excellent words of wisdom and so called "sad truths".

In terms of his economic manifestos this is Peter's magnum opus.

thank you Peter, I want to open an account with your company

Spot on Peter excellent

This video just give me chills. Peter made a similar video about 2 years before the housing bubble explaining exactly what would happen and why and he was 100% correct. I get the sense his prediction is going to come true.

Man this is coming true just like he said. As always he's early but bang on.

Good talk Peter!

great video!

"QE is like peeing in bed - initially it feels warm and fuzzy, but then you are left lying in your own piss" - rumored Greenspan quote about money printing I guess Ben Bernanke definitively won the pissing competition against Greenspan ... and now it is Yellen's chance to turn up the heat!

I would love to see all the fed emails. That would be spectacular.

Good talk. Insightful, but scary. What will the future hold. Dark clouds on the horizon!

It’s 2023, and this is all actually playing out just as he said…we have yet to see the big recession he’s talking about, but it feels like it’s finally right on the tipping point. unreal.

thank you very much peter you make complicxted subjects understandable by the ordenry man

"My own mother was pissed at me" 1:18:24 priceless

Phenomenal. If only more people would pay attention.

Gold tie; priceless.

What ever you think of him it's accurate.

This video has aged like fine wine

Amazing job! And no notes!

Peter calling it

Thanks Mr Shiff. If you hiring IT positions I would like to join your company.

Recently the Tresury said it is going to auction off bonds and give the money to the Fed. What's up with that? Is it a sign that the treasury isn't coming up with enough $ from Taxs to pay the Fed . If so that's scary.

I can't imagine anyone with understanding of the problems accepting the positions responsible of solving the problems. A Tragedy.

bass ackwards @ 55:34

Hey Peter, with gas and oil prices falling won't extracting gold become even cheaper. The price of gold might keep dropping. That along with the currently stronger American dollar will keep gold down for awhile at least.

When Peter talks about “interest rates” what rates is he talking about? I am not from the US so it would be helpful if someone couple please explain.

The one thing I don't understand is why savings would be a good thing in our debt-based money system. Because of fractional reserve lending all the money out there is just debt with interest on them. If you save money you save debt. You can't increase the GDP without increasing the debt so that means you can't decrease debt without decreasing the gdp. If you would pay off ALL the debt there would be no "real" money left just more debt. Am I totally wrong here? I know Peter Schiff has a lot more knowledge about the economy but if I understand the system right saving money and paying off debt is what destroys the economy in our current system. We need a new system...

There is another reason why both banks and government want Inflation: They cant tax deflation. If inflation increases prices, and your salary increases, your taxes increase as well. But in Deflation, assuming your income stays the same, you pay the same taxes but can buy more with your money.

8 people who watched this are keynesians lol

Peter Schiff 您好，我是在台灣的讀者，很希望您的說明都能有中文註解，我想很多人會有需求，謝謝您了!!

Great talk!! The only thing Peter missed is the fact that 85% of the QE was financed by bank deposits with the fed. However, since 9/1/14 banks have withdrawn $345.6 billion from the fed. High inflation is coming soon.

He could be Rand Paul's Secretary of Treasury

I love Peter shit

2022 and inflation is 8.6% and interest rates are 1.75. Oof.

21:30 bad call Peter.... which just means that when the recession does come, it will be yuge!

I have two questions for Peter and/or his viewers. First, I know you are avoiding US stocks like the plague because of the excess money printing. Since Japan, on a proportional basis, is printing even more, are you avoiding Japanese stocks even more than the US? And second, in a hyperinflationary environment, how does the stock market perform? Specifically, it would seem to me that if prices on assets are going up, that stocks should go up as well. Is this the case? Do they rise in price as fast as the inflation does? Basically what I am asking is, can stocks be a store of value in a hyperinflationary environment? Thank you for any replies.

I recommend a good bike fitting service from CadencePerformance.

Peter, this bubble will last 6.4 years. I know this because I will be eligible to retire in 6.5 years. >:-)

Peter Schiff the Grinch, Hates on Xmas 22:07

Why is this video missing the laugh track? Was the audience asleep?

4 years later with stock market higher than ever, Peter is still saying the exact same thing. let's see, dow is down some 9% over the last 4 weeks. perhaps his prophecy comes to fruition now --- otherwise, he should start to overthink his theory.

QE will come back when the shmita ends.

Peter got fourth quarter GDP very wrong.

A Jew talking about money, that's something you don't see everyday...

MUKMUK, please write us a couple of best selling books. Then you can gain the reputation as a savvy investment advisor, admired by many, and give speeches all over the world and interviews on lots of TV channels. Is there a reason you don't control $2,000,000,000 worth of other peoples money? Your only claims to fame are being a pesky troll, and your vicious and unfounded attacks on Peter's dad, shame on you.

The "Law of GRAVITY" 24:26 Gravity: It's Only a Theory [Textbook disclaimers are down, but not out. This satirical look at "only a theory" disclaimers imagines what might happen if advocates applied the same logic to the theory of gravitation that they do to the theory of evolution.] All physics textbook should include this warning label: This textbook contains material on Gravity. Universal Gravity is a theory, not a fact, regarding the natural law of attraction. This material should be approached with an open mind, studied carefully, and critically considered. The Universal Theory of Gravity is often taught in schools as a fact, when in fact it is not even a good theory. First of all, no one has measured gravity for every atom and every star. It is simply a religious belief that it is "universal". Secondly, school textbooks routinely make false statements. For example, "the moon goes around the earth." If the theory of gravity were true, it would show that the sun's gravitational force on the moon is much stronger than the earth's gravitational force on the moon, so the moon would go around the sun. Anybody can look up at night and see the obvious gaps in gravity theory. The existence of tides is often taken as a proof of gravity, but this is logically flawed. Because if the moon's "gravity" were responsible for a bulge underneath it, then how can anyone explain a high tide on the opposite side of the earth at the same time? Anyone can observe that there are two - not one - high tides every day. It is far more likely that tides were given us by an Intelligent Creator long ago and they have been with us ever since. In any case, the fact that there are two high tides falsifies gravity. There are numerous other flaws. For example, astronomers, who seem to have a fetish for gravity, tell us that the moon rotates on its axis but at the same time it always presents the same face to the earth. This is patently absurd. Moreover, if gravity were working on the early earth, then earth would have been bombarded out of existence by falling asteroids, meteors, comets, and other space junk. Furthermore, gravity theory suggests that the planets have been moving in orderly orbits for millions and millions of years, which wholly contradicts the Second Law of Thermodynamics. Since everything in the Universe tends to disorder according to the Second Law, orderly orbits are impossible. This cannot be resolved by pointing to the huge outpouring of energy from the sun. In fact, it is known that the flux of photons from the sun and the "solar wind" actually tends to push earth away. There are numerous alternative theories that should be taught on an equal basis. For example, the observed behavior of the earth's revolving around the sun can be perfectly explained if the sun has a net positive charge and the planets have a net negative charge, since opposite charges attract and the force is an inverse-square law, exactly as proposed by the increasingly discredited Theory of Gravity. Physics and chemistry texts emphasize that this is the explanation for electrons going around the nucleus, so if it works for atoms, why not for the solar system? The answer is simple: scientific orthodoxy. The US Patent Office has never issued a patent for anti-gravity. Why is this? According to natural law and homeopathy, everything exists in opposites: good-evil; grace-sin; positive charges-negative charges; north poles-south poles; good vibes-bad vibes; and so on. We know there are anti-evolutionists, so why not anti-gravitationalists? It is clearly a matter of the scientific establishment elite's protecting their own. Anti-gravity papers are routinely rejected from peerreviewed journals, and scientists who propose anti-gravity quickly lose their funding. Universal gravity theory is just a way to keep the grant money flowing. Even Isaac Newton, said to be the discoverer of gravity, knew there were problems with the theory. He claims to have invented the idea early in his life, but he knew that no mathematician of his day would approve his theory, so he invented a whole new branch of mathematics, called fluxions, just to "prove" his theory. This became calculus, a deeply flawed branch having to do with so-called "infinitesimals" which have never been observed. Then when Einstein invented a new theory of gravity, he, too, used an obscure bit of mathematics called tensors. It seems that every time there is a theory of gravity, it is mixed up with fringe mathematics. Newton, by the way,was far from a secular scientist, and the bulk of his writings is actually on theology and Christianity. His dabbling in gravity, alchemy, and calculus was a mere sideline, perhaps an aberration best left forgotten in describing his career and faith in a Creator. To make matters worse, proponents of gravity theory hypothesize about mysterious things called gravitons and gravity waves. These have never been observed, and when some accounts of detecting gravity waves were published, the physicists involved had to quickly retract them. Every account of anti-gravity and gravity waves quickly elicits laughter. This is not a theory suitable for children. And even children can see how ridiculous it is to imagine that people in Australia are upside down with respect to us, as gravity theory would have it. If this is an example of the predictive power of the theory of gravity,we can see that at the core there is no foundation. Gravity totally fails to explain why Saturn has rings and Jupiter does not. It utterly fails to account for obesity. In fact, what it does "explain" is far outweighed by what it does not explain. When the planet Pluto was discovered in 1930 by Clyde Tombaugh, he relied on "gravitational calculations". But Tombaugh was a Unitarian, a liberal religious group that supports the Theory of Gravity. The modern-day Unitarian-Universalists continue to rely on liberal notions and dismiss ideas of anti-gravity as heretical. Tombaugh never even attempted to justify his "gravitational calculations" on the basis of Scripture, and he went on to be a founding member of the liberal Unitarian Fellowship of Las Cruces, New Mexico. The theory of gravity violates common sense in many ways. Adherents have a hard time explaining, for instance, why airplanes do not fall. Since anti-gravity is rejected by the scientific establishment, they resort to lots of hand-waving. The theory, if taken seriously, implies that the default position for all airplanes is on the ground. While this seems true for Northwest Airlines, it appears that JetBlue and Southwest have a superior theory that effectively harnesses forces that overcome so-called gravity. It is unlikely that the Law of Gravity will be repealed given the present geo-political climate, but there is no need to teach unfounded theories in the public schools. There is, indeed, evidence that the Theory of Gravity is having a grave effect on morality. Activist judges and left-leaning teachers often use the phrase "what goes up must come down" as a way of describing gravity, and relativists have been quick to apply this to moral standards and common decency. Finally, the mere name‚ "Universal Theory of Gravity" or "Theory of Universal Gravity" (the secularists like to use confusing language) has a distinctly socialist ring to it. The core idea of "to each according to his weight, from each according to his mass" is communistic. There is no reason that gravity should apply to the just and the unjust equally, and the saved should have relief from such "universalism." If we have Universal Gravity now, then universal health care will be sure to follow. It is this kind of universalism that saps a nation's moral fiber. It is not even clear why we need a theory of gravity: there is not a single mention in the Bible, and the patriotic Founding Fathers never referred to it. Overall, the Theory of Universal Gravity is just not an attractive theory. It is based on borderline evidence, has many serious gaps in what it claims to explain, is clearly wrong in important respects, and has social and moral deficiencies. If taught in the public schools, by mis-directed "educators", it has to be balanced with alternative,more attractive theories with genuine gravamen and spiritual gravitas. Title: Gravity: It's Only a Theory Author(s): Ellery Schempp Volume: 27 Issue: 5-6 Year: 2007 Date: September-December Page(s): 43-44 ncse.com/library-resource/gravity-its-only-theory

how many ppl in the audience? Peter, I think you're once again overestimating ppl's intelligence. Have you ever thought that maybe you should plan your money around the fact that ppl will do everything wrong because they believe their own lie. They will increase interest rate thinking the economy is recovering and believe nothing will pop. The bubble/crash will happen faster than the fed could go back and reverse course. I see a repeat of 2008, first a crash and massive deflation then massive intervention which leads to massive inflation