With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.

The internet has taught how to fix my car and my house. Last person I hired to do work for me was over 15 years ago.

OH, but I thought inflation was TRANSITORY 😂😂😂

I made a great upper middle class life as a 25 year UPS driver... earned every penny. Shed no tears for UPS.

Alright Peter shiff. I am a Avid listener and I am a UPS driver. Don't listen to everything on the news as truth. We do not make $170,000 as a package car driver. A feeder driver for UPS working 60 hours a week plus benefits might make 165 but for me working 30 years at UPS during covid of 2020 doing 60 hours a week for a full year only topped out at $120,000. So this raised that I got which I think is around $2.75 will maybe put me at around 130,000 this year if I worked 60 hours a week for a year. So it would be nice if you made a correction above the mainstream media which doesn't have a clue and tells lies out of it you know what

I used to think every investor lose out during inflation, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately I'm a complete noob.

Peter is like the Gypsies that can tell the future he’s been right about inflation 100%

We are faced with fresh issues every day. It now serves as the norm. We initially mistook it for a crisis, but now we recognize it as a new normal to which we must adjust. What actions may we take to increase income during the quantitative adjustment since 2023 will be a year of tremendous economic suffering for the whole country? I can't allow my $800k in savings to disappear after all my hard work.

This is a result of both parties being fiscally irresponsible for decades, and the taxpayers are footing the bill.

Are you interviewing Peter or interviewing yourself. I don't even know who you are, but i like the fact you ways have Peter on your show. Please let Peter do the talking.

*900,000 weeks to flatten the curve!!*

He said "Woke Ass University". LoL

These interest rates are paralyzing the car and housing market. Thing is, I don't think we'll see ZIRP again - or 3% mortgages anytime soon.

Peter is absolutely right about CPI, should be read as double, twice what is reported by govt.. make sense now why we pay so much for everything

Community college can give you the best education for the money.

Raggedy ann that's a good one

When an interviewer is interviewing himself and need little help from you😂

Peter the Great!!!

Nothing can stop me I'm all the way up

I saw $8.50 for a loaf of bread in CA yesterday

UPS cant afford that going forward right? If the consumer spending goes down then UPS will lose alot of money. That salary is for full time workers so it wouldnt suprise me if they suddenly mostly want part time new employees...

The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point. I came across an article highlighting individuals who achieved profits of up to $150,000 during challenging market periods. Considering this, I am curious about the best stocks to purchase now or add to a watchlist.

Right now, things appear odd. The US dollar is becoming less valuable due to inflation, but it is becoming more valuable when compared to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is more secure. I'm concerned that rising inflation may cause my $420,000 in retirement savings to devalue. We don't have any other places to deposit our money.

College no longer makes sense anymore anyway.

The UPS drivers aren’t making 170k + benefits lol..settle down

Don't buy UPS stock for investment. These driver wages will bankrupt the company. Look at GM and Chrysler when they went under.

I love how the host never mentions or calls out the true culprits behind this mess The Federal Reserve banks Lol Just like all other talking heads He can’t get past the whole nonsense of team blue vs team red politics

Pete, you are the gold!

PETER SCHIFF IS RIGHT 👀 2008 - 2009 AND EVEN NOW - PETER SCHIFF IS RIGHT 👀

5:30 no, they can’t. UPS being a union shop follows a strict seniority system that determines who can be drivers, so a person has to spend years toiling for not a whole lot more than minimum wage before they get that opportunity, much of that time part time. I worked at UPS for two years when I was out of high school, the main attraction for people working there is tuition assistance.

Here in southern MN - 2 years ago 8 oz Choice Beef Filet was 18.00/#. Today - it's 25/#. BTW - the rate of increase happened more on the BACK end versus the front end of that 2 year window. So there's no freaking way CPI is even close to being accurate.

Peter is right, again!

UPS drivers are making more than family doctor's now.

The inflation here in europe is much worse

Doom...DOOM...DOOOOOOOOOOOOOOOOOM!!!

Thanks for sharing and surfacing the truth. 👏👍

I wish Federal Express would make it mandatory for the UPS contractors to pay the drivers by the hour(the way Amazon & UPS pays their drivers) instead of running the package delivery drivers insane by ONLY paying them $150 - $170 per day !! On top of that there's NO benefits to being a driver for Federal Express(Ground Delivery). There's NO paid time off, there's NO paid vacation time, there's NO bonuses of any kind, there's NO insurance or health benefits in case a driver get's hurt lifting a package that weighs 147 lbs, there's NO retirement funds, there's NO 401k benefits. If you don't believe me, then ask ANY Federal Express(ground delivery) driver if they get paid by the hour or have paid vacation(PTO-paid time off) and the driver will look at you like your insane !! I should know because I was a driver for Federal Express(ground delivery) for almost 6 months while working 6 days a week during Non busy season !!!!

800 MILITARY BASES WORLD WIDE!!!! STARVE THE LEGION !!!!

Peter, you gotta pay that guy to quit his job and come work for you.

US dollar definition: The US dollar is a protection racket not a currency.

I concur.

agree with every word

Yes

True

I rather see the professors"milk" 200k than the athletic coaches make millions. Just saying🤷🏼‍♂️

You think being a truck driver is a good thing maybe the first 15 years but trust me ..joints don’t last that long with that kind of physicality

Peter ❤

4:13 🤣🤣🤣

Needs more views.

I noticed a 50% increase yesterday in a service I use.I could go on but that is a small sample I have seen recently in my Travels

I’m almost completely unbanked. Let it burn!

This the HD Peter?

😂😂❤❤ Peter

With 8.2 trillion dollars on the Fed balance sheet and removing about 65 billion a month look for inflation to remain high until a massive depression. 😊

Trump's bail of $200,000 in Atlanta is just another example of how global inflation affects all of us. 😂

It’s not the professors that make $200k - $300k. In big top universities Yes, but in small universities and colleges No. Most of the cost in the salary increases is from Administrators at every College and Universities.

Lol 😂 We are on a one way trip to Fukt City 🎉

I LOVE U PETER SCHIFF I LOVE U DUDE U SAVED ME

Adjustable rate mortgages should be illegal

So your saying ups drivers aren’t worth there pay but let’s talk about these CEOs that are making 300 million a year are they worth it

Trade school the rise of the blue collar workers. The white collar AI will replace people. Trucking, plumbing, electrical stuff, building those are good jobs and theres always a skills shortage. Going to uni/collage now for the most part is a mugs game.

UPS will go.under

Estimated annual 4.6 trillion dollars government tax income within which over 1 trillion will be used to pay debt and interest for this year. and the interest on those remaining debt only keeps rising. What a disaster

A penny name Benjamin

When the central bank's levers no longer work, it surely means we are in for a cycle of massive deleveraging, similar to what happened in the great depression.. pop!

If a truck driver is making 170000 eventually other low paying job would ask to be pay more and no one would wants to go to college how would the United states completes with other countries

Is my 13 oz of gold and 1012 oz of Silver enough? 😮

Increasing the money supply cause inflation? Who knew? 😢

Thermal paper for registers Peter. It cost 25 dollars for a pack of ten. Today at Office Depot it was almost 92 dollars. I wanted to say whaaaaaat? I went online to see if it was a store error and sure enough Office Depot website had it for about 80$$&& plus tax. So almost the same. Are they insane

❤

Not slanted at all.. 🙄

Prepare to own nothing and be happy sukkas ! It's not " trickle down " , it's trickle up , to the big's from the small's .

👍🏻

Lol this interviewer is funny

Surely hope everybody is vaccinated to protect us from the financial storm that's coming!!

Soon... the horror...

great truth about ups drivers. the university jobs are way underpaid compared to ordinary jobs. When you have a college degree you get worse job for less money, and I dont even talk about wasted years of income while studying.. all is upside down in this bubble economy..

How do I get my money out of the dollar? Not as easy as you think.

Gas price up to over $5 gallon. Insurance up 300%. Grocery over 30%. Everybody want +10% pay raise. Inflation will go UP. Government can always change the formula to show Inflation lower.

What news network is this? 😂

Peter I agree with almost everything you say, but rent prices are going down almost everywhere. The reason is that people are tapped out from rising costs and are sharing living space to make ends meet and people are renting out rooms in their house as well. This is causing rent prices to go down. A landlord can increase his rent but he can't prevent the renter from moving out to a cheaper location. As the CC noose tightens, more and more people will be cutting costs, which will cause rents to continue going down.

brics summit 8 22

inflection is not even logical . and its all unnecessary

Govt. Spending is causing the inflation !

Did not happen in Japan.

Cute ❤

It's not 170k a year plus benefits. That's pay and benefits stop with the bs. Top pay in 5 years will be 49 an hour. How do you come up with 170k a year with that? Lmfao. What 16 hours a day 6 days a week. Peter needs to read the contract for himself.

They don't count every day cost, my insurance Double House and Car Ins.

Inflate or Deflate. But what to Inflate & Deflate is the Question for the money junkie printers. Guarenteed no wage inflation or taxation deflation.

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 $680k savings vanish after putting in so much effort to accumulate them.

Perhaps no subject is as important to mankind as the nature of money, which has been so neglected and misunderstood in both the popular and professional mind, to the great detriment of the intelligent and just operations of societies. If it wasn’t for politicians and central bankers finding it impossible to resist either using currency as a tool for economic management or simply as a source of funding government spending, the distinction between money, which evolved into gold and silver through market forces, and currency, always a creature of the state, it might not matter. But the British economist mathematician, John Maynard Keynes, quoting Lenin said: “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which not one man in a million is able to diagnose.” Modern monetary economists define hyperinflation as any inflation rate above 50 percent per year. In the 1920s, Germany had inflation rates in the thousands of percent. By July 1922, the German mark fell to 300 marks for $1; in November it was at 9,000 to $1; by January 1923 it was at 49,000 to $1; by July 1923, it was at 1,100,000 to $1. It reached 2.5 trillion marks to $1 in mid-November 1923, varying from city to city. Inflation from 1913 to 2023 In 1913, gold was $20 per ounce, in 2023 it is $2000 per ounce, or a 9900% increase. In 1913, a barrel of crude oil was $0.95, in 2023 it is $80.6, or a 8384% increase. Ht u/nik7770

We were better off under Trump.

I worked with a magnificent, brilliant fellow driver, Basil Bronson. The last two years of his career, he was working 12 hour days, drawing Social Security and drawing the Teamster Pension. He was triple dipping! So figuring all of that roughly, wages: $100k, SS $25k, pension $60k + 401k and UPS stock------ over $200k easily! This was 2013-2014 and Basil was 72-73 yrs old at the time. He went down for a hip replacement surgery and wanted to come back but had complications and then he retired. Sadly, he passed away a year or two after his retirement. RIP Basil Bronson!!

It's Peter again, just being honest. Refreshing.

The economys current course is unsustainable

Biden BkEconomics

I am so glad the strategic oil reserve is empty when we have an aggressive Russia and potentail China. Not to mention the other areas of the world that will have pop up wars.

BIDEN ECO LOL

this painted schlub diminishes your street cred Peter...