I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

I'd like to watch a debate between Peter Schiff and every central banker😂😂😂😂😅😅

I would love to see Peter disguise himself as a reporter and ask J Powell questions during his next Q&A?

Warren Buffett had it right; Price is what you Pay, Value is what you get...

In Lebanon we had coins a couple of years ago. They completely disappeared, and now our bills are getting smalled, size of the paper, because it is too expensive to print large notes. I mean the size of the paper! Lol😂

"It was better than expected that it wasn't even worse... it's not good news" 😂😂😂

I trust all this man’s intelligence and information hope he always stays on line

Love you Peter!

So the federal reserve has been charging us an extra 2% tax yearly and now taxes us over 10% on top of income taxes. Nice

For once, Peter is wrong. Gold is not a better conductor of electricity than copper. Copper is #2 best. Silver is #1. Gold is #3. Followed by aluminum. However, gold has superior currosion resistant . That is why it's used in electronics.

Peter, please make a short video that crushes the corporate greed causes inflation argument so we can share it with people.

Great POD show. You tell it like it is.

Great show. I like that you do not need a “script”. The most intelligent people don’t need a script!

"Inflation creates an illusion of wealth". That's a great line.

Went to Costco 2 days ago and i did notice the base price of aluminum foil went up from the old $19.99 to now $23. Good thing i stocked up back when it was on sale for $15

23:40 copper is a better conductor of electricity than gold. silver is the best, then copper, then gold. gold just doesnt oxidize, while copper and silver do, so gold wiring maintains conductivity better than copper or even silver do.

Peter, COPPER is the better conductor than GOLD. The best conductor is SILVER.

Thanks, Peter!!

Love Peter. Say what you want about missing profits in other stuff the past few years. Gold/silver are the only real currency when it comes down to it.

Reality is the ultimate CPI

Your efforts are appreciated

Rice and beans I’m 70 and 60% of my pension goes to taxes Property tax gas tax income tax sales tax gas tax .One thing is for certain in this world death and taxes😢

Your personality is THE BEST 😂❤...always giving it straight!

Great show!!! Bringing up the copper penny deal… amazing!!!

Great show Peter!

Nobody does a better podcast with themselves than Peter Schiff and Michael Saylor.

41:45 100% correct

When you say target inflation is 2%, how do they measure the inflation? 'cause you can change the cpi or whatever formula you use to show 2% inflation even if the cpi is 4%...

I remember watching TV when the dow hit 10k in like 2005 or 2006 I think. I was working at university of new Hampshire

Thank you, Peter! Have a nice vacation! :)

For flip's sake, Peter, have your editor lackey match the audio levels between the show and the Indeed ads! It keeps jolting me awake when I'm trying to drift into sleep with ASMR doomer vibes.

Spot on with your Walmart analysis. Upper middle class family from NJ now exclusively shops at Walmart for the past couple years now ! Walmart plus also great service

You are so right Peter ! A very sincere thank you.

Peter needs to interview Jerome….

Great podcast Peter!

Good episode!!

The Fed lost - farmer here, many farms are going to loose 100k to 500k just to keep going ... multiple businesses dumping inventory or going broke - looks a lot more a deflationary bust than stagflation to me

Peter, point of correction. Copper is actually a better conductor of electricity than gold. In fact copper is the second best conductor after only silver. The reason gold is preferred in many electronics is because it doesn't corrode. Because gold is expensive, manufacturers tend to gold-plate their electronics rather than use solid gold.

Great content Peter !

Thank you very much...

I got robbed once in Detroit I gave the guy Canadian tire money and he was like “waz dis honky “ I told him I’m from Canada that’s what we use .

In 1982 half of the pennies were copper, they switched halfway through. nickels only had silver from 42-45 (war nickels) and pre 64 half dollars were 90% silver but 65-70 were 40% silver.

Peter you are the man.

1:1 gold to dow incoming

This was an excellent podcast Peter. I absolutely love it when you price things in Gold and show this facade of an economy we’re in! And showing how the FED is full of it. Gold is Money Silver is Money. The dollar is a piece of paper fiat currency.

Fascinating but sad. Thanks for sharing your thoughts Peter !

You are a great speaker enjoy a lot

Good video.

Thank you, Professor Schiff😂😂

A day later gold is $2419.80 per ounce.

lets see P Schiff get into a fed question period . ill bring the popcorn !!

You're worth following no matter where you travel...will be awaiting your notifications!

Great podcast.

Make the Constitution great again!

What do you think of inflation bonds?

Holy Shit! What a great episode!!!

Tariffs sure worked for China. They levy tariffs on EVERYTHING from abroad. It’s made them a wealthy creditor nation. Remember, at one time the United States ran its entire government on foreign tariffs alone.

You can tell Peter Schiff is an enthusiast for all things to do with Gold .....Even the skin on his face looks like Gold .!!!..🤗

Good discussion on David Lin with Art Laffer and Peter’s fave, Steve Hanke, about inflation and the central bank and Biden’s tariffs. Art Laffer’s opinion, when Trump did tariffs, is that Trump was actually trying to bring them to the table to have complete, unmanipulated free trade.

I look forward to seeing the value of a pre-82 Lincoln Cent reach 5 cents, but then I know how much worse the economic conditions will be when it does. Junk copper pennies will sell years later the same way pre-64 junk silver is sold, current spot is currently 3x face value, eventually to 5x to 10x fv thanks to inflation.

So many hours of listening so my guy is paying off! To the moonnnnnnnn yeah baby yeahhhhhhh

Have a good vacation. Wish I could do the same

Turns out gold didnt sell off this time

Gold is only 70% electrically conductive as copper, but a gold plating stops it from oxidizing

My wife is a team lead at Walmart and they are cutting a lot of employees hours.

Is modifying previous month import figures normal or were they hiding a big a jump?

You can go ahead and sort through pennies to get the pre-1981 ones 😂

Kroger has better prices than Wal-Mart.

32:30 in addition to copper pennies, nickels are now worth about 6 cents as well.

Peter, I think the ‘29 market is a good comparison to today because we are in bubble territory now too.

Still waiting on epdfx to be green again…

End the system. End the insanity.

The price of Copper and silver are a direct result of government spending on solar.

A historical note here. Alexander Hamilton, or first secretary of the treasury, saved the United States from bankrupcy and financial collapse by persuading Congree to enact tariffs. Over the next forty years , the United States succeeded in paying off every penny of our national debt with this one tax. Much of this debbt was owed to France, who had oaid fir the American Revolution because the United States pre-constiution Continental Congress refused to appropriate even one enny to pay for its own revolution . Instead, it just printed up paper money to pay for everything, leading to the phrase, "not worth a continental." However, once Hamilton allowed people to trade in their Continentals for gold or silver coins produced by the newly established national mint. So it turned out that those who held on to their Continentals (many people did not), found out that they were worth something after all. If we had someone of Alexander Hamilton's moral calibre and grasp of economic principles to serve as out Secretary of the Treasury or Federal Reserve chairmaan. The U.s> economy would be doing fine. Finance d soloely by Tariffs and massive spending cuts. Of course, this is a phantasy. There is no one with Hamilton's genius around in our current crop of economists and bankers.

GE was the last of the original S&p I think right?

Too many commercials Peter. 😞

Tariffs are a good consumption tax, given our current debt levels. Why enact a consumption tax on domestic producers? Tariffs can be used offensively to punish and halt currency devaluation which is distorting economies around the world. I like tariffs.

I’m going more towards that Powell is a pathetic liar

Copper is a better conductor than gold. But copper has some downsides in application. Not inert like gold.

Stock prices get adjusted down for dividends, the loss on appreciation offsets the dividend payout, no net gain from dividends, dividends are a farce.

Hello Peter. Pls let me know if by any chance you touch Austria. I would love to sit down for a quick coffee or I could show you around Vienna hahaha. I’m a 24 y/o mechanical engineer & I have been listening to your podcast for a while now. It would be an honour. Cheers and enjoy

Schiff for GOP Nominee

Peter; you say, if you want prices to come down you need to increase supply but printing money is inflation. How can it be both (it is both but not from your philosophy)

Bit like King Arthur, "if a disaster occurs I will be back online"

Inflation is not tax. It's income, and tax free income at that!

Of course Walmart is doing well - good recession play. Didn’t work for Big Lots and in CA, The 99cent stores went under (I believe they are in AZ, TX, and UT).

Stupid question maybe: I stack gold and silver but I pay a little extra to get different coins and bars, which makes for a nice collection. Bad decision or good decision long term?

I’ve wondered why the fed created the $500 and the $1000 bill back then? And why aren’t the fed is not making it now?!?

So, tariffs are smart taxes unlike corporate taxes.

Pete, why are the gold miners not sharing in the rise of gold ?

You’re so good at explaining macroeconomics, even Jared Bernstein can understand… well…perhaps not.

Thanks for all you do Peter. Best podcast on KZfaq. Just another data point. Since 1933 the US dollar has lost 99.9916% of its purchasing power. Now one dollar has 0.0083 cents of buying power. That is mind boggling.

High school chemistry- “gold is a better conductor of electricity than copper”

All ferrous and non ferrous Scrap Metal are seeing * all time Highs - Across the Board 🎆 This is including all of the 😢Steel grades . Shred Steel dips down huge when there's little mfg demand for vehicles.. yet shred Steel,a low mixed grade is selling to Scrap Yards for over $250 a ton

Are you ever gonna upload on Locals again?

Silver is the BEST conductor of electricity.

Why would we care about the dollar to gold ratio? An ounce of gold can be 20$ for 150 years, but that's meaningless if eggs are 20x more expensive.

Indeflation. Now that we had some inflation, now we get deflation. OK, It's weird

better than aluminum wire = house fires