Thanks Jordan I really appreciated the opportunity to speak with you and connect with your audience. I hope they enjoyed our discussion.

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April of 2022 alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.

Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

As a lad who's followed both these guys for years and years... I never would've thought back then that these two worlds would collide. What a time to be alive.

Dang, didn't think the internet would bring these two together, but what a time to be alive. Should be interesting.

The manipulation of the markets is unbelievable , In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65

A global recession is a contraction in annual global per capital income, Essentially the world economy is considered to be in recession if economic growth falls behind population growth. my main concern is, How can we generate more revenue during quantitative times? I'm thinking of investing in stocks or digital assets. I have $130k I have currently set aside to put in the market, but I lack the in-depth knowledge, I can't afford to see my savings crumble to dust. Any clue ?

It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!

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.

Times are weird. The US dollar is losing purchasing power due to inflation while strengthening against other currencies and assets. The stock market, real estate, crypto AND precious metals are down because people are fleeing to the "safety" of the dollar. where else can we put our investment money? I can't afford to see my savings of around $320,000 turn to dust in front of my eyes.

During a recession, many stocks and assets may be undervalued. I believe now is an ideal time to capitalize on the market for long-term gains, but it wouldn't hurt to know how to make short-term profit. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.

The quality of education I keep getting from this channel…for free…thanks

What an interview! Excellent. Listening to Peter never gets boring for me. Among all economic experts, Peter stands out as being sincere and explaining everything in terms that anyone with no background in economics can understand. Truth is , there is a perfect storm forming in America. Inflation, sever drought in the farm belt, the pandemic, food shortages, diesel fuel and heating fuel shortages, baby formula shortage, shortage of and price of available cars, the price of housing. It's all coming together and could lead to real disaster toward the end of this year.(or sooner)

Nice video as always but here is my problem I have been making losses trying to make profit trading. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do

Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125k ETF/Growth Stock portfolio.

Peter Schiff is so brutally honest about the state of the financial markets that nobody invites him to their show. If you ever wonder why prices are the way they are, how ponzi schemes thrive and how utterly financially illiterate the American politicians have become, check him out. His honesty has cost him airtime and presence. Peter's understanding of the true cost of a" free lunch" and what it means to those who recieve it are frightening

I’ve never seen Peter so relaxed

Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

Thank you for your hard work on these interviews, Jordan.

According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

While watching this interview, one realizes that JP is not only an excellent orator but also an excellent listener. His ability to summarize Peter's long explanations into a succient summary was self evident and amazing.

"Big Short" investor Steve Eisman said the sizzling stock market rally of 2023 can run on as long as the US economy stays strong. I’ve been sitting on over $345K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bull-run, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?

I am a homeowner (who is satisfied with my home / no intention to move) and yet I'm still terrified by the insane explosion in home prices over the course of the past 3 years; primarily because I have three young children and I would like for them to be able to buy their own homes one day as well. Homeowners who get happy when the (supposed) "value" of their homes explodes upward are being shortsighted. The middle-class being priced out of the dignity of homeownership isn't good for any of us, whether we already own our homes or not.

Jordan is a brilliant listener, he seems to be effortlessly able to summarise a long explanation statement into a sentence or two without misrepresentation or omission. Truly wisdom is in one's ability to listen, learn, critique, find the questions remaining, and recall in application or summarise simply. If someone can simply and honestly summarise with veracity, you know they understand the subject or statement. They are likely able to explain why it is true or false, it doesn't matter if everyone or no one believes him, that's a "you problem". Essence of humbleness. The wise are respectfully humble.

It’s important to note that not all stocks are affected in the same way by inflation. It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $800k in a month during high inflation

On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

Phew! Finally someone who explains economics in a manner that anyone can understand. I had pretty much given up trying to understand. Thanks to both you gentlemen!

Ron Paul was possibly the only honest politician but he was honest

Man... What's so great about JP's interviews is that he brings his therapist style to it, meaning he actively listens, lets his guests speak, and has them systematically break down the complexity of their ideas for his viewers to understand. We don't get that with a lot of modern day journalists.

This was the most informative financial interview I have ever seen. Shouldn’t graduate high school without this. Great questions, great answers.

I'm so happy you interviewed Peter. I hope people listen and find Peter on KZfaq if they want to learn about money and want the honest truth.

How fortunate we are to be able to eavesdrop on the conversation of these two brilliant men. Thank you KZfaq....at least for that.

It's estimated that Americans will need more than $1 million to retire comfortably, but I found most of us aren’t bullish about meeting that goal. I’ve been sitting on over $750K equity from a home sale and I want to invest on the stock market, how do I achieve this?

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies

Wow I can't believe these two came together for a discussion. Two of my favorite thinkers. Thank you guys.

I have been watching Peter Sciff interviews for 10 years and I have never seen someone as adept as JBP at restraining his run on strings of thought and pressing him to respond to specifics to keep it a back and forth conversation

I lost a huge chunk of my portfolio while holding some coin last year,i also tried trading myself same losses. Pls are there any way I could make profits from the cryptomarket? I'm sick of holding

Working with a financial expert could truly set you up for life. I'm delighted I was able to contact my coach Rodger Michael Karl earlier this year because while others were busy whining about the downturn I was busy cashing out from my portfolio, finally making over 370k only for the first quarter. of the year. Rodger Michael Karl. Has helped us become debt-free and save for retirement."

Peter Schiff is amazing - he's so articulate and yet uses so many analogies or references to drive the point home.

I admire Peter and Jordan. You can learn a lot from their podcast. Here's an anecdote: a few years ago, I opened an IRA account with Europacific Capital, which is led by Peter. When I was planning to move some funds to hyperbolic startup , Peter personally called me on my cell phone. It took me a while to believe it was him, but I really appreciated his phone call , he gave me 10 minutes lecture . it meant a lot. He was right - I preserved part of my wealth with his advice, and his recommended stocks are performing decently in this chaotic market. I’m not a wealthy individual and possible that transaction was too little for him to give me a call but he took the time to do it . He is honest investor in this hyperbolic , hyper optimistic , unrealistic market and not afraid to hurt any feeling . Listen his podacast you would learn a lot with a touch of sarcastic humor .

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.

"Inflation is just another tax". My respect to Peter Schiff! ❤

Saw a joke once, that Peter Schiff predicted 30 of the last 4 economic crises. Nice to see him reaching new audiences though. As a long time watcher of Schiff in the economic space, I'm excited to see Jordan interview him in particular because of his excellent active listening skills instead of seeking soundbites.

I've often found Peter Schiff to be difficult to listen to. But, I very much appreciate the way Jordan kept him grounded in this interview. Well done gentlemen.

The collapse of Margin debt leads to a decrease in stock prices and triggers a wave of selling as investors try to cover their losses, Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $145K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

This conversation should be required learning for every econ 101 student.

A staggering amount of information is contained in this interview. Can’t wait to listen to the whole thing!

This was a very pleasant surprise to see Peter on this show!!! These guys are the best!!

We enjoyed the crystal clear discussion in 'Economic Storms are Coming', featuring the esteemed Mr. Peter Schiff and Dr. Jordan B Peterson. Both Schiff and Peterson are true luminaries in their fields - business, politics, economics and psychology. Schiff's relentless commitment to promoting economic literacy and his tenacity in the private sector, particularly with his gold business and numerous financial ventures, are a testament to his dedication. Beyond his entrepreneurial endeavours, Schiff's commitment to providing a financial safety net for the public highlights his role as a protector of the public's financial well-being and solidify his role as guardian of public economic, business, and economic health. His comprehensive and intricate radio streams and podcasts may be complex, but they reflect his commitment to sharing valuable insights with the public. Additionally, Schiff's deep sense of political responsibility to elucidate public understanding on governance issues is truly commendable. His forthright communication of ethical governance principles has become a cornerstone for many. Our hope is that the excellence in teaching that Mr. Schiff demonstrates, whether it's in Austrian economics, business, or politics, is recognized universally. We wish that one day the Austrian School of Economics considers awarding Mr. Schiff with an honorary degree to respect and acknowledge his status as a teacher or professor of the world in these critical domains of business, economics and political theory, if not at the very least in economics. We eagerly anticipate more of such compelling and enlightening discussions." Similarly, Dr. Peterson, a true Canadian hero, tirelessly advocates for his fellow citizens. His unwavering support for free speech and his efforts to promote critical thinking resonate with many, making him a beacon of hope in these challenging times. Both Schiff and Peterson, in their unique ways, demonstrate an unyielding commitment to public service, public safety and intellectual enrichment. As pertaining to Canada, this commitment is echoed by Pierre Poilievre, who has emerged as a significant figure for his people and for humanity as part of his own heroic journey. We hold immense appreciation for their tireless efforts to foster understanding and encourage forward-thinking in their respective domains.

Thank you so much Mr Peterson for your presence on this planet🙏🙏🙏🙏🙏

Peter is an absolute legend and I know JP has stated he's been working on understanding economics better; well he'll be hard pressed to find a better teacher than this. 👏👏👏

As usual Peter hits it out of the park. I’ve been reading and listening to Peter since 2008. Having Jordan interview him opens up a massive audience to his rational libertarian commentary about the state of economic affairs in the USA and Canada. Thanks Jordan! Keep up the phenomenal work.

Listening to these two intelligent men use rationality to inform us is a refreshing opportunity for all of us to learn, and a reminder of what is possible on KZfaq.

I really enjoy the education from good people, who’s with it!

So happy to see two of my favorite people speak with each other! Thank you Jordan and Peter for all you do! God Bless!

"Inflation is taxation without legislation" Milton Friedman

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and cryptocurrency, and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it

Peter Schiff is one of the greatest minds on 21st century

Peter is never boring. Can always listen to him, because he explains the best

The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $400k worth of stocks?

Peter Schiff is excellent. I have been following him for years. Thank you for this podcast!

Peters book: How an Economy Grows and Why It Crashes, has to be one of the best and most accessible books ever written on economics.

I learned a few days ago: Inflation is legalized counterfeiting, and counterfeiting is illegal inflation.

Peter and Jordan were some of the first people I ever watched on social media back in 2017. Great to see them both collab

Thank you Jordan for enduring so much criticism over the years to bring you to great opportunities and conversations like this! God has blessed!

Mr. Jordan Peterson your academic honesty in regard to substantive modern, historical, moral, & social issues is so compelling and thought provoking. Thank you.

Do you want freedom or be taken care of? That hits true.

Mr peterson i dont know if you read the comments but sir you have become a big part of me understanding the world and myself and while i was so sick with cancer you gave me enjoyment and peace and like i said a understanding of myself i wouldnt have found without you. Thankyou

This is a great video, I learn a lot watching your videos and it has been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to Mrs. Jessica Garner for improving my portfolio. keep up with the good videos.

1:50 - Peter Schiff's antecedents. Called the housing crises 2008 3:20 - Inflation as a massive threat 4:20 - Career politicians only care about themselves. Care primarily about re-election. 6:00 - National interest is sacrificed by politicians. Politicians are very good liars. Same thing with Lawyers. 8:50 - Introducing FIAT Money. 9:00 - Defining Inflation "Expansion of the money supply" 16:20 - Quantitative easing just another way of saying INFLATION 19:20 - Good Debt vs Bad Debt 22:00 - How is inflation calculated? A big Fraud. Change in CPI - Consumer Price Index 31:05 - Illusions, deceit, dishonety of politicians. 32:00 - Massive weight of the U.S GOVTS DEBTS. 36:00 - Borrowing from the future. Times where its permissible. 38:05 - "Stealing from the future" 43:30 - Substitute money. 43:50 - "The DOLLAR is the cleanest shirt in the hamper" LOL 44:50 - Why the Govt is the biggest debtor - 48:00 "America lives beyond its means because of the dollar STATUS" 50:09 - Jordans summary for this segment 51:10 - Where do we go when the DOLLAR FAILS???? 52:10 - The alternative for the dollar is GOLD! Gold works as money 56:30 - GOLD and its intrisic value.

The ability to disseminate complicated, technical material so that it's accessible and understandable to hillbillies like myself, might be Dr. Peterson's greatest contribution to this age. I'm forever grateful.

I loved this video!! This took me 6 hours to watch and not because I am unintelligent nor tech averse. It was because the only financial education I received was Mathematics in High School and one required course in Economics in University. I constantly rewound the video, wrote notes, googled terms, and researched background info (the info rabbit hole WE ALL fall into that soaks up days!) I even broke open my old University days Merriam-Webster dictionary! (still wrapped in the beer stained cellophane, embarrassingly enough) This video made me realize how much we have failed, both ourselves and our children, on financial literacy and education. It is a crime, an academic crime that so few people actually understand money mechanics, who creates the money supply, how the money supply is created, and the dynamics involved with governments, the economy, stock markets, and taxation. How can, we the people, hold our politicians accountable if only a handful of us understand how money works! This video was a slap in my ignorant face. This video also made me acutely depressed about the quote uttered by Nathan Mayer Rothschild: _"I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls the British money supply controls the British Empire, and I control the British money supply."_ Which means to me: If you own the money supply of a sovereign country, then the laws of said country meaning nothing to you.

This was a gem. Appreciate that we get this for free.

Man I enjoyed this one Jordan. More investment and economics podcasts please.

thank you Jordan for the reasoned interview with Peter, this was the best interview I have ever heard with him

First time I have ever listened to Peter Schiff‼️👍👍. Where have you been all my life??? Fantastic interview and Peter has a way of putting it that paints the picture succinctly thank you Doc‼️

People need to demand that this stuff must be taught in schools across the country

FINALLY PETER SCHIFF. WHAT TOOK SO LONG!! Much love. True Libertarian Economist. Better than any economist.

These two are fantastic together. Philosophy blended with real life truth. Theory and practicality. Please have Peter back in a few months to review what has transpired in the economy.

Back to school of economics ! Schiff knows his Schitt. Thx fellas 🤜🏻🤛🏼

Thanks for the financial education Mr Schiff.

Love Peter, thanks for having him on JP. Peter may be considered a Permabear, but he was educated just like I was on how efficient capital markets should work. Sadly big government has been growing ever since 08, and they are essentially asset stripping the low and middle class via poor government spending, and through increasing money supply.

I remember when Peter predicted the fed was going to call inflation “transient inflation.” They called it “transitory,” but he was on point.

I use my phone 3 hours in a day and i spend 2 hours watching jordan peterson ❤ This man helped me to understand the definition of life and how the world works. Thanks for everything Man

One of the best interviews I've ever heard! And not one single commercial! Truly elegant! I like hearing Jordan Peterson better when he interviews other people than when he's being interviewed! And I mean that in the highest sincerity! Jordan Peterson is a great interviewer, because he knows who to interview, why, and he knows how to ask all the right questions! He's patient, sound-minded, sincere, and a brilliant interviewer and thinker! And thank you to Peter Schiff for dedicating his time to the better knowledge of mankind! Many thanks to the both of you! - Robert Todd Springfield Smith

Excellent interview. I never get tired from listening to Peter. Among all economic experts, Peter comes out as genuine and he also explains everything in plain language that people without economic background can also understand. I am a big fan of Peter.

I started listening to Peter in 2008 during the crash. He was one of the few people appearing on cnbc who made any sense at all explaining what had caused the whole mess. Everyone else refused to point a finger at the Fed or Govt as having provided the gasoline for the fire. The other guests all seemed to be reading from the same script as if their jobs depended on it.

I have watched countless discussions on inflation. This is the most comprehensive and clearest explanation I have ever heard. this conversation should be watched by every single person on planet earth.

Take a drink every time Peter says gold!!

As a major exporting country, we entered a recession as a result of the global economic downturn. You need to be able to examine everything you've done in the past when there is a recession. Yet I'm glad I secured profits.

I’ve been waiting for this podcast since 2017

Loved this interview 🤛 amazing when we think against the “norm”…obviously the normal is broken and flawed. God Bless

I remember as a young man when the US went off the gold standard. I thought to myself, “There’s something wrong with this”. I knew intuitively then what I know matter of factly now.

Two of my top favourited persons who teach me how the world should work, kudos to both for the reunion

Peter is a living legend the world needs more hard hitting smart straight shoots like Peter. Thank you both a superb conversation. The major threat is the suppression of free speech governments are planning to stop these exact intelligent discussions. Peter looks amazing in his suit and I note his huge respect for you Jordan and I must say your discussion/interviewing ability is at another level. Please would you guys catch up again like this in a month or so. This is a pure gold interview.