US Consumers Are on Life Support

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Peter Schiff

Peter Schiff

19 күн бұрын

Peter Schiff on NTD'S Business Matters with Don Ma 5/10/2024
#inflation #economy #capitalgains
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Пікірлер: 884
@leondonald
@leondonald 14 күн бұрын
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
@robert-1miller
@robert-1miller 14 күн бұрын
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
@donna_martins
@donna_martins 14 күн бұрын
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
@ilyaveysman.
@ilyaveysman. 14 күн бұрын
How can I reach this person?
@donna_martins
@donna_martins 14 күн бұрын
'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.
@ilyaveysman.
@ilyaveysman. 14 күн бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@hersdera
@hersdera 14 күн бұрын
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
@Hectorkante
@Hectorkante 14 күн бұрын
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
@RaymondKeen.
@RaymondKeen. 14 күн бұрын
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@SandraDave.
@SandraDave. 14 күн бұрын
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@RaymondKeen.
@RaymondKeen. 14 күн бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@EddyAgnes-vy4kp
@EddyAgnes-vy4kp 14 күн бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@shellylofgren
@shellylofgren 10 күн бұрын
High inflation is followed by uncertainty and panic, making me wonder if it's time to liquidate my $200k portfolio, or maybe consider some defensive investments. I've heard analysts emphasize on value stocks performing good, what stocks exactly can be the ultimate hedge?
@donna_martins
@donna_martins 10 күн бұрын
consider diversifying your portfolio with a mix of stocks and stable assets, seeking professional advice could also be valuable to navigate market uncertainties and grow your investments amid inflation
@robert-1miller
@robert-1miller 10 күн бұрын
True, expert guidance is vital for compounding and achieving proper asset allocation. At first hand experience, I've been able to grow my portfolio from $180k to approx. $650k in barely 3 years now. Financial fitness requires staying committed.
@Trevor_Morrow_LTD
@Trevor_Morrow_LTD 10 күн бұрын
that’s some interesting numbers, mind revealing this person guding you ? he/she must be a seasoned advisor
@robert-1miller
@robert-1miller 10 күн бұрын
Finding financial advisors like vivian jean wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@stayingsaneamidtheinsanity2499
@stayingsaneamidtheinsanity2499 4 күн бұрын
Liquidate and do what? Keep the eroding cash?
@ColeDedhand
@ColeDedhand 17 күн бұрын
The inflation numbers, the unemployment numbers, the gdp numbers... All lies.
@mb9662
@mb9662 16 күн бұрын
Can I site you as a source in my Econ paper?
@glen6945
@glen6945 16 күн бұрын
yup
@CattleFarmer667
@CattleFarmer667 16 күн бұрын
@@mb9662 Dont waste time on Econ. You probably do better as stand-up comedian.
@DexterHaven
@DexterHaven 16 күн бұрын
Yeah, all the news wires and reporters should report the Shadow Stats, because the government gives us propaganda.
@SkankHuntForty2
@SkankHuntForty2 16 күн бұрын
But but but ... the stock market is at all time highs. Surely we must be in a great economy. 😂
@jeanah685
@jeanah685 16 күн бұрын
We've been in a recession for about 2 years. Changing the definition doesn't change the fact.
@christophersmith2470
@christophersmith2470 16 күн бұрын
Yes, the Biden admin was able to create a fake positive GDP through a combo of high interest rates, gov't spending and massive inflation that would cause consumers to have to work more to break even. New economic growth has been negative for closer to 4 years, so that is technically how long we've been in a recession. An economy is either growing or shrinking.
@vincentortega4284
@vincentortega4284 10 күн бұрын
jeanah, back when Powell said inflation was transitory; He(Powell ) should have been raising interest rates back then about 1 year or more ago
@antoniobacic5674
@antoniobacic5674 16 күн бұрын
Economy is so strong that everyone has to work two jobs and still can’t afford anything
@lioncross7
@lioncross7 16 күн бұрын
nailed...I am exausted!😅
@antoniobacic5674
@antoniobacic5674 16 күн бұрын
@@lioncross7 hehe me too! 😁
@ozera16
@ozera16 16 күн бұрын
I’m working 3 jobs for a few years now 7 days a week I’m so used to it
@marthamckee9532
@marthamckee9532 16 күн бұрын
If we cut out cell phones and internet and get rid of all the fast food and don't have to pay copays to see a doctors. We could save some money.
@TheBodrey
@TheBodrey 16 күн бұрын
Exactly... at least 2 jobs, and even then many are still struggling. Everything's soaring except wages. Yet, fast food companies wonder why they're losing business, dealerships wonder why no one's buying their $75K+ trucks.
@kortyEdna825
@kortyEdna825 12 күн бұрын
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
@Pamela.jess.245
@Pamela.jess.245 12 күн бұрын
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
@foden700
@foden700 12 күн бұрын
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io 12 күн бұрын
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
@foden700
@foden700 12 күн бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io 12 күн бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@JoeStacks419
@JoeStacks419 16 күн бұрын
I sold assets Friday to wipe away all my remaining debts. A pledged to myself to never pay interest again. Tired of possessions, I'm thinking of drastically downsizing and minimalizing.
@glenn5692
@glenn5692 16 күн бұрын
Good move😊
@ryantourney2879
@ryantourney2879 16 күн бұрын
GREAT IDEA...and you won't miss the stuff you get rid of. Less is more.
@cockyhemi-123
@cockyhemi-123 16 күн бұрын
Good idea.
@JoeStacks419
@JoeStacks419 16 күн бұрын
@slowmutant Incredible!!! I'm 55 and just retiring. Selling nearly everything and looking at Thailand or Philippines to live.
@whyjustwhy2168
@whyjustwhy2168 16 күн бұрын
Yep until we stop putting up with getting fed dog food. Gen z is really sticking it to them 👏 we'll see
@markjackson994
@markjackson994 17 күн бұрын
I have a good job with what used to be a good income, I’m broke. My coworkers with good jobs are all broke. the consumer is tapped out. ☠️
@JC-nl3nh
@JC-nl3nh 17 күн бұрын
redistribution of wealth, now were all poor.
@mgtowlevel5293
@mgtowlevel5293 17 күн бұрын
You simps love that debt. How sloppy are y'all's Ole ladies? How financially illiterate are y'all? I work with a bunch of Sims as well and they all have women. They are all broke constantly but they'll go out of their way to tell me how they're going to the medieval festival and how their woman drags them around and they buy this and spend that and they're all living hand to mouth. I have no one to share my good times with at work and talk about how much silver I'm stocking each week.
@Therearealwayshiddenagendas
@Therearealwayshiddenagendas 16 күн бұрын
Good. Inflation will come down. Rates will come down and my rental income will now rise as my expences will reduce 🎉
@mrmustangman
@mrmustangman 16 күн бұрын
@@Therearealwayshiddenagendas WRONG.!!!!!!!!!
@Therearealwayshiddenagendas
@Therearealwayshiddenagendas 16 күн бұрын
@@mrmustangman or, inflation will continue to rise devaluing debt attached to a rental property. EITHER WAY, I win.
@EricaWaters-lr6zw
@EricaWaters-lr6zw 14 күн бұрын
My portfolio for the past 30 years has always been self managed and I own 3 shares of RPC WEALTH IAF Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incorporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
@BrianAlbert-hh3pi
@BrianAlbert-hh3pi 14 күн бұрын
Invest in real estate, ETfs and high-yield savings account.
@MelissaHobbs-qm8wi
@MelissaHobbs-qm8wi 14 күн бұрын
Just buy Gold and protect your assets, the stock market is a rollercoaster.
@AshleyKeith-vw7ws
@AshleyKeith-vw7ws 14 күн бұрын
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit. If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. I am up by 418% in 1 year under guidance.
@BrianAlbert-hh3pi
@BrianAlbert-hh3pi 14 күн бұрын
@@AshleyKeith-vw7ws how do I get one and interview them? Considering your point I won’t want to get into a bubble. Can you recommend any?
@AshleyKeith-vw7ws
@AshleyKeith-vw7ws 14 күн бұрын
@@BrianAlbert-hh3pi RPC WEALTH IAF is a hot topic even among financial elitists. Just browse, you’d find them, thank me later.
@Andrewsky347
@Andrewsky347 17 күн бұрын
Take a drive through a car dealership, the lots are completely full.
@Jacob1986
@Jacob1986 17 күн бұрын
All full of junk
@javiersinclair8625
@javiersinclair8625 17 күн бұрын
Me Msci ml
@tedmartinus3878
@tedmartinus3878 17 күн бұрын
...and nobody is there.
@Paul-H-Wolfram6608
@Paul-H-Wolfram6608 17 күн бұрын
The lots are completely of junk crap.
@Andrewsky347
@Andrewsky347 17 күн бұрын
@@Paul-H-Wolfram6608 What would it take to get you in a new Nissan Rogue today?
@povarful
@povarful 17 күн бұрын
Peter Schiff is the best economist! He is the one cares about everyone! Thank you sir!
@donjose6520
@donjose6520 17 күн бұрын
Amen !
@jsanders100
@jsanders100 16 күн бұрын
Is that why he’s a tax exile living in Panama?
@user-sj7fu6es3y
@user-sj7fu6es3y 16 күн бұрын
@@jsanders100 He lives in Puerto Rico, not Panama, and if you have the money why not move to a different country or state where the tax laws are more lenient.
@geoms6263
@geoms6263 16 күн бұрын
@@jsanders100 Mr. Schiff has a well-known aversion to paying taxes and lives in Puerto Rico
@natalliaf6387
@natalliaf6387 16 күн бұрын
why doesn't SchiffGold list prices on their web-site? They ask you to call a salesman to get the info. Does that sound like he cares about YOU or the OPPOSITE, that his intention is to extract as much of your money as possible?
@killeresk
@killeresk 16 күн бұрын
We are already in a recession.
@dnn32
@dnn32 16 күн бұрын
Independent political analysts on KZfaq and other platforms have been saying for a couple of months now and there is no way back. Only the western medias ignore or lie abt it
@Paul-H-Wolfram6608
@Paul-H-Wolfram6608 17 күн бұрын
We are screwed.
@waultz4143
@waultz4143 16 күн бұрын
That's what I've been getting out of things since after COVID
@geoms6263
@geoms6263 16 күн бұрын
not if you hold som btc
@user-im6fy4qp6m
@user-im6fy4qp6m 16 күн бұрын
we need to team up and stop paying income taxes in a massive boycott protest.
@troyb.4101
@troyb.4101 16 күн бұрын
Just stop spending money. Use real gold and silver. The US dollar is the problem.
@geoms6263
@geoms6263 16 күн бұрын
why do we pay taxes when we can print money?
@Mellow4202
@Mellow4202 16 күн бұрын
​@@geoms6263because printing more money will just cause more inflation. The government can't just print all the tax money. Our economy only gives out so much service and manufacturing. It's better to keep the money supply going with GDP. You don't want the money supply going way over GDP or way below GDP. There should be a healthy balance between the 2. Unfortunately inflated numbers can lead to an inflated GDP as well. If services and products cost more the GDP will be more. But for the most part we can't just go printing more money. That's not how economics work.
@chesshooligan1282
@chesshooligan1282 16 күн бұрын
That shouldn't be a protest. It should be a pemanent thing.
@cockyhemi-123
@cockyhemi-123 16 күн бұрын
Most Americans are not liable to file and pay the federal income tax. Yet we all do it.
@pauljosse
@pauljosse 16 күн бұрын
Peter was right in 2009 but it’s AMAZING the fed got away with it for so long
@user-sj7fu6es3y
@user-sj7fu6es3y 16 күн бұрын
They get away with it because the vast majority of the population haven’t a clue that they are the actual problem
@Airbender-kl7cu
@Airbender-kl7cu 16 күн бұрын
Auto Insurance companies are drastically raising rates for bogus reasons 😢
@AKATenn
@AKATenn 17 күн бұрын
Finally someone speaking some common sense.
@dabeage
@dabeage 16 күн бұрын
Common to who?
@AKATenn
@AKATenn 16 күн бұрын
@@dabeage common to anyone who isn't super rich, that buys food from a normal grocery store, spends half their income on rent, barely gets by... basically anyone who doesn't think the economy is doing well.
@dabeage
@dabeage 16 күн бұрын
@@AKATenn You don't have to be super rich to live within your means. If you don't make enough money, get a different job. If you like what you do and it doesn't pay well, whose fault is that?
@AKATenn
@AKATenn 16 күн бұрын
@@dabeage get a different job, like win the lottery... you act like you can go for a walk, and trip and fall on a good paying job any day... you don't have to be super rich to know the economy is doing bad either, but it certainly is easier to ignore it and pretend it's not a problem.
@dabeage
@dabeage 16 күн бұрын
@@AKATenn I don't know what to tell you. We have good jobs here. You have to be educated but most good jobs require some expertise. I don't know where you live or what you do.....so? Good luck? I'm sure whining about it will make it all better.
@Fritz0616
@Fritz0616 16 күн бұрын
We’re already in a Depression! Remember WE have the Welfare system now!
@sirenmuscle
@sirenmuscle 17 күн бұрын
9% is the new 2% 😂😂😂
@Dreambig62
@Dreambig62 16 күн бұрын
Don’t forget to add Uncle Sam’s 10%!tax which now has us losing 19% off the rip but also the true rate of inflation really feels like 20%
@johnnya9863
@johnnya9863 16 күн бұрын
If a case of water at Walmart goes from $3.27 to $5.36 that's a 60% increase on an essential item, not 2 % or 9%. Bidenomics on steroids.
@Raven5321
@Raven5321 17 күн бұрын
Most of the clients I used to talk to just had spending problems, but now people are in massive debt just buying groceries and they are all angry about it.
@aman888
@aman888 15 күн бұрын
LOL it's not groceries that's killing the consumer. It's their over indulgent living beyond their means. They should be angry at themselves.
@1234Sixfold
@1234Sixfold 16 күн бұрын
From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
@BlablaoOoO-kd9im
@BlablaoOoO-kd9im 16 күн бұрын
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading..
@ZzzzBbbb-wl3qp
@ZzzzBbbb-wl3qp 16 күн бұрын
Please educate me, i'm willing to make consultations to improve my situation,
@1234Sixfold
@1234Sixfold 16 күн бұрын
Devion Jane expertise is truly commendable. She has this skill of making complex crypto concepts easy to understand.
@HhhhMmmm-nx3tn
@HhhhMmmm-nx3tn 16 күн бұрын
She's recognized as 'Mrs Devion. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
@BbbbKkkk-zp7ve
@BbbbKkkk-zp7ve 16 күн бұрын
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Devion Jane
@mattatuckmanful
@mattatuckmanful 17 күн бұрын
Hahahhaa the drop was only transitory!! Lets throw that term back at em
@HomestarCrawler
@HomestarCrawler 16 күн бұрын
Lol, that actually made me chuckle a bit. And I'm not even much of a Schiff believer.
@paulbrungardt9823
@paulbrungardt9823 16 күн бұрын
If you voted for Biden / Harris , you voted for this !
@wesjimez2941
@wesjimez2941 16 күн бұрын
Well remember Trump printed 3 trillion dollars out of thin air in the name of stimulus
@dystopia-usa
@dystopia-usa 16 күн бұрын
Another myopic, partisan tool of the sell-out political duopoly. This has been a social & economic snowball dating back 40-50 years. The boom-bust economy is rigged by the billionaire/ultra-millionaire class because it benefits THEM. Voting red or blue just perpetuates the cycle of corruption & decimation of the working-class.
@zanebea3437
@zanebea3437 16 күн бұрын
Every president for the last 20 years. 2 Republican and 2 democrats… your a fool! Wake up. They are trying to make your turn against your fellow American while they swim in cash.
@la6136
@la6136 16 күн бұрын
Both parties are trash
@FuturesDOM
@FuturesDOM 16 күн бұрын
False
@maxcactus7
@maxcactus7 17 күн бұрын
Dear merciful Lord, have mercy on our once-great nation and save us from the traitorous clowns that would sell us and our children into slavery!
@shaikthegangsta
@shaikthegangsta 16 күн бұрын
But you have broken the covenant of God. Thou shall not steal. So God probably wouldn't help you.
@geoms6263
@geoms6263 16 күн бұрын
back in a days ....our parents were slave traders
@troyb.4101
@troyb.4101 16 күн бұрын
@@geoms6263 Blacks were sold into slavery bye other Blacks, many slave owners were Black. Many Irish whites were slaves also. Who's parents were slave traders? Not mine! not yours either, as that was like in 1863 all that generation is dead, and most of their children are also, so cut the crap of our parents were slave traders, they are all dead bye now. Most likely you never knew a slave, or a slave owner either.
@matthewmorgan7106
@matthewmorgan7106 16 күн бұрын
You mean Socialists I hope
@prolific1518
@prolific1518 16 күн бұрын
​@@matthewmorgan7106 capitalists commoditize people buddy.
@geoms6263
@geoms6263 16 күн бұрын
why do we pay taxes when we can print money?🤔
@WalterDorcas
@WalterDorcas 15 күн бұрын
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. 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..
@Johnmark-iq4gg
@Johnmark-iq4gg 15 күн бұрын
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look..
@rapp-in1mz
@rapp-in1mz 15 күн бұрын
completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague..
@WalterDorcas
@WalterDorcas 15 күн бұрын
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.!
@Johnmark-iq4gg
@Johnmark-iq4gg 15 күн бұрын
"Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.!!
@WalterDorcas
@WalterDorcas 15 күн бұрын
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
@zdravkomartarano2668
@zdravkomartarano2668 16 күн бұрын
Life support..where? We are drowning and theirs no end in sight
@mondolilith7917
@mondolilith7917 17 күн бұрын
It's gonna be a sh*t show. Looking sharp Mr. Schiff!
@b4ph0m3tdk9
@b4ph0m3tdk9 16 күн бұрын
Peter Schiff is right - again
@superstar5123
@superstar5123 17 күн бұрын
keep up the good fight Peter
@povarful
@povarful 17 күн бұрын
Respect, respect!
@Madamchief
@Madamchief 16 күн бұрын
Every single dollar I will make in the next 11 months is already spoken for 😭
@Atem_S.
@Atem_S. 17 күн бұрын
Americain are stuck at Zero bound.. anything above zero is too much interest for them!
@andrethorpe6183
@andrethorpe6183 16 күн бұрын
The consumer is financially tapped out...nothing more to give...
@peterwilson9327
@peterwilson9327 17 күн бұрын
Peter Schiff was right again😮
@gbh_events
@gbh_events 17 күн бұрын
yeah it happens about every 20 years
@mrmustangman
@mrmustangman 16 күн бұрын
@@gbh_events LIAR.!!!!!!!!!!!!
@HomestarCrawler
@HomestarCrawler 16 күн бұрын
We've got 5 more to go then before the big crash.
@drachenmarke
@drachenmarke 16 күн бұрын
Peter has unsuccessfully predicted the last 12 depressions….
@Carrick1616
@Carrick1616 16 күн бұрын
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you Laura Ferguson, imagine investing $1.200, and receiving $9,500, in 4 days.
@LCurley
@LCurley 16 күн бұрын
That's awesome I know nothing about investment and I'm keen on getting started. What are the strategy?
@LibyanHagrieve
@LibyanHagrieve 16 күн бұрын
I'll advise you to work with a financial advisor....Building a good investment portfolio is more complex so I would recommend you seek
@MerylConnor
@MerylConnor 16 күн бұрын
No doubt!! I never knew Laura Ferguson had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
@VictoriaBenson-vg3lo
@VictoriaBenson-vg3lo 16 күн бұрын
I'm surprised you also trade with Laura Ferguson, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
@VincentFrancis-dd6dh
@VincentFrancis-dd6dh 16 күн бұрын
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@jessebfly
@jessebfly 17 күн бұрын
Peter is a pragmatic realist. I've been following him and heeding his "tea leaf reading" for years.
@dabeage
@dabeage 16 күн бұрын
He always says the same thing, they all do.
@WInnerwinnerchickendinner.
@WInnerwinnerchickendinner. 16 күн бұрын
Yeah all Peter's followers love him.Go talk to them on skid row!
@KittredgeRitter
@KittredgeRitter 16 күн бұрын
Has it made your life better listening to him? Financially? Do you feel good about that sort of lifestyle?
@toddbrown417
@toddbrown417 16 күн бұрын
​@@WInnerwinnerchickendinner.You sound like an MMT believer
@bovnycccoperalover3579
@bovnycccoperalover3579 15 күн бұрын
Mark Twain said this, "There are lies,damn lies and statistics". He's so right.
@strategicviewpoint6672
@strategicviewpoint6672 16 күн бұрын
Debt serfdom with high mortgages and buy now, pay later schemes. Credit is maxed out, multiple jobs is not going to cut it......
@ralphholiman7401
@ralphholiman7401 16 күн бұрын
You can order something for $50 off Amazon, and they give you the option to pay it on credit in four payments. WTF?
@nogames8982
@nogames8982 16 күн бұрын
I think inflation is more important than rates. If they don’t stop the inflation, nothing good as ever going to happen.
@tracymerriman3996
@tracymerriman3996 16 күн бұрын
Correct! The only way we fix this issue is raising rates to 12-15%, stopping all big ticket purchases in the process. Finally enter the recession/depression so we can reset all pricing and have deflation. Longer we hover at this interest rate, we ll stay at stagflation and keep kicking the can down the road, eventually we ll hit a cliff and it will happen.
@colettespencer3357
@colettespencer3357 16 күн бұрын
So much money has been spent and continues to be spent...we are in it for a lifetime
@nogames8982
@nogames8982 16 күн бұрын
@@tracymerriman3996 in my opinion, this administration wants to kick the can down the road. Because then they can blame the next guy.
@nogames8982
@nogames8982 16 күн бұрын
@slowmutant yeah, there’s no great solution, but they’ve got to do something to stop inflation. It’s going to be a rough road, but we got to start it to end it.
@rameshgill1444
@rameshgill1444 16 күн бұрын
Good day , Mr Schiff , greetings from the land down under . Been following you for 2 decades . Kudos to you , sir for eludicating the very truth .
@brianb6957
@brianb6957 17 күн бұрын
End the system. End the insanity.
@povarful
@povarful 17 күн бұрын
Absolutely! Not far away
@user-ch9pz1uq9v
@user-ch9pz1uq9v 16 күн бұрын
They did this to make people want to end the system. The system used to work. But they broke the laws and rules and there’s nobody to hold them accountable. The system that will replace it will be 50x worse than it is now. The time to fix it was in 2008. It still could be fixed but the media is running cover and misconception on what is really going on. Deregulate everything and about 75% of the inflation will go away within a year or two
@jean-louislalonde6070
@jean-louislalonde6070 16 күн бұрын
End the Fed because we are fed up!
@mirsaes
@mirsaes 15 күн бұрын
The new system they have planned is worse.
@brianb6957
@brianb6957 15 күн бұрын
@@mirsaes Then, it's a no-brainer in what comes next. A choice.
@PrettyGoodLookin
@PrettyGoodLookin 16 күн бұрын
Stop buying....then the prices will come down.
@wa210
@wa210 16 күн бұрын
🎯🎯🎯🎯...too bad American's are all brainwashed to be consumers. Got to keep up with the Jones's. The American way.
@Zanzabar5
@Zanzabar5 17 күн бұрын
"Consumer" is an elite euphemism for the original term "useless eater."
@tmac9938
@tmac9938 17 күн бұрын
in which countries? never heard it in USA
@daiyousei3847
@daiyousei3847 17 күн бұрын
@@tmac9938 we use it to talk about you amongst ourselves. Publicly we refer to you as "Human Capital Stock"
@seeker2118
@seeker2118 17 күн бұрын
​@@tmac9938More than likely in Europe, in the US you hear the term "consumer". You need to be in the elite circle to hear the term "useless eaters".
@tmac9938
@tmac9938 17 күн бұрын
@@daiyousei3847 who's we?
@mrleafbeef634
@mrleafbeef634 16 күн бұрын
The government in general never make good decisions
@erika8884
@erika8884 16 күн бұрын
I took out a HELOC because I was laid off from my 12-year career. I have saved income; however, because my earned income has stopped, the HELOC now has a 14% interest rate, and I have a 780 credit score. I don't know where these percentages are coming from on various news channels. Here in Las Vegas, our groceries are up 100%, not 30%. Utilities are up 50%, and rentals are up 50%. Many white-collar career people have been laid off.
@mirsaes
@mirsaes 15 күн бұрын
They're lying and changing definitions...they only have to hold it together until November and then introduce the new communist state with CBDC and shut you out.
@recordcastle1118
@recordcastle1118 17 күн бұрын
I think it was Ross Perot or Ron Paul who said, 25 years ago, to cut all gov't employees salaries by 10 percent, with a three year salary freeze. That was supposed to fix things in a few years BUT that was when the deficit was only a few trillion. I think we're fu*ked at this point. 🤣🤣
@nicholasalteri3144
@nicholasalteri3144 17 күн бұрын
Agreed.. Something is going to break soon enough.
@sfrealestatedealmaker6001
@sfrealestatedealmaker6001 17 күн бұрын
So so fu*ked 🔥
@tmac9938
@tmac9938 17 күн бұрын
yeah i WISH we could still use solutions like that... we're too far gone
@robertcampbell6521
@robertcampbell6521 16 күн бұрын
Problem is governments pushed Interest rates way to low for way to long and then when inflation took off wouldn't push Interest rates up fast enough, economy needs to crash and burn to recover.
@Yolo942
@Yolo942 16 күн бұрын
That’s if it will recover ,I mean if they hike too high the consumer will be decimated to even be able to stage a rebound.
@colettespencer3357
@colettespencer3357 16 күн бұрын
We are crashing and burning with no recovery. Our leadership is alienating all our allies, opened our borders, stopped drilling for oil, outsourcing jobs. We are toast. It's done. Figure out a plan. We are about to understand how 3rd world countries live.
@47PANADERO
@47PANADERO 16 күн бұрын
I have followed Peter Schiff for years. You Americans are so fortunate to have him. My motto when looking for accurate economic and financial information is "always listen to the maverick". Peter is a maverick whose financial wisdom is without equal. No-one here in England comes close.
@SaleenJ
@SaleenJ 16 күн бұрын
Peter is a smart man
@A_n_y_t_i_m_e
@A_n_y_t_i_m_e 16 күн бұрын
Today's consumer (globally) doesn't consumes goods that much, but consumes services to the fullest.
@escapegrl1
@escapegrl1 17 күн бұрын
It’s Bidenomics baby!!!
@jimlovesgina
@jimlovesgina 16 күн бұрын
He turned it around!
@lorenciandrej
@lorenciandrej 15 күн бұрын
Don't worry: thousands of drivers, rocket scientists, engineers, doctors, lawyers, nurses, craft mans, salesmen, analysts, pilots, are coming in USA everyday. They will push US economy in completely new ways, never experienced before. So just relax, take a deep breath, and enjoy mostly peaceful transformation into...
@rhymetimeuk
@rhymetimeuk 16 күн бұрын
Rates need to be at 80's levels, which cannot possibly happen with all the bubbles that have been created. = fiat dies, new system HAS to come in. Hold precious metals.
@doctork1708
@doctork1708 15 күн бұрын
Cut the defense budget. Cut farm subsidies for soy, corn, wheat. Cut Congressional salaries…
@seadragonadventures
@seadragonadventures 17 күн бұрын
When you get gas/pretrol, walk around and look at the other fuel purchases on the other tanks. I am seeing about 2/3 of the fuel purchases in tiny numbers, like $10, $15... I feel like it might indicate that many are literally scrapping bottom on their credit card maximums.
@calholli
@calholli 16 күн бұрын
They are.. especially in food, fuel and rent
@Landmantx
@Landmantx 17 күн бұрын
Bye, Bye Biden!
@hink0027
@hink0027 17 күн бұрын
be respectful ,call him president bidet
@user-sj7fu6es3y
@user-sj7fu6es3y 16 күн бұрын
Why not blame the true culprits? The privately held Fed did this to our currency
@wa210
@wa210 16 күн бұрын
​@@hink0027So tRumptard did so well to allow Covid to sweep the country. Keep trying vlad.
@troyb.4101
@troyb.4101 16 күн бұрын
@@user-sj7fu6es3y The politicians that did not have a balanced budget, Jimmy Carter the last President to have a balanced budget. It was Ronald Reagan that started this spend everything you can . Every politician and president since then has done the same. I think Trump tried to do what's right, but it's going to take other politicians ( a Majority ) to make changes. One person can not do it alone. Maybe it's too late, and bankruptcy is the answer.
@user-sj7fu6es3y
@user-sj7fu6es3y 16 күн бұрын
@@troyb.4101 Balanced budget and adding to the national debt are two different issues Every single president since 1971, with Nixons “temporarily” removing the dollar from the gold standard has increased the national debt to new highs The last 3 presidents have increased it the most through out history. Obama, Trump, and now Brandon 45 increased it 7.8 trillion dollars in 4 years. The largest increase since WW2. This Ponzi scheme is coming to an end. The dollar’s days of holding the reserve currency are numbered.
@andrewcruz-nz1eb
@andrewcruz-nz1eb 16 күн бұрын
Agree to stop government spending is one of the solution…😅
@martincagle9226
@martincagle9226 16 күн бұрын
Nobody has a plan to repay the debt and it never will be repaid.
@Lecksite
@Lecksite 16 күн бұрын
Peter is correct. Also auditing the fed and letting more big things fail would help tremendously
@Starship007
@Starship007 16 күн бұрын
Government doesn’t want to downsize and consumer doesn’t want to downsize. Consumers raiding their early retirement and taking out home equity loans.
@user-ew5eh2co5p
@user-ew5eh2co5p 16 күн бұрын
The middle class is no more. The upper middle class is the new middle class. A country is broken when 50% of its people don’t have $1000 cash.
@user-no2zz5pu7j
@user-no2zz5pu7j 17 күн бұрын
Losing a good job and getting a lower payer job also lowers tax receipts, plus many collect food stamps etc
@Madamchief
@Madamchief 16 күн бұрын
You have to find a job for less than $10/hr in my state to qualify for food stamps 😒
@mirsaes
@mirsaes 15 күн бұрын
​@@MadamchiefYet illegals are getting $5000 dollar debit cards for breaking the law.
@adr3naline23
@adr3naline23 16 күн бұрын
Can someone answer if inflation continues to go up why even worry about a good credit score what’s the point ??
@Saixjacket
@Saixjacket 9 күн бұрын
Social benefit. Shows knowledge of algorithms and math, which are growing in importance. But yeah it feels like a joke when your good credit can’t buy you last decades interest rate.
@RS-zj6ix
@RS-zj6ix 17 күн бұрын
All of this is prescribed!
@TheSuperdodgy
@TheSuperdodgy 17 күн бұрын
Yep it's been planned for the last 200 years right?
@antcramp
@antcramp 16 күн бұрын
He didn’t even complain about bitcoin. Must be in denial.
@troyb.4101
@troyb.4101 16 күн бұрын
Being retired, and having no debt. I'm not buying nothing with this hyper inflation. I would not sell my ranch of 55 acres. I could not afford to pay for labor to rebuild anything. When I was 20 years old I worked for $2 per hour, now they want $100 per hour for skilled labor. $20 to flip hamburgers. For $20 I'll buy like three pounds of Hamburger some bread, and have hamburgers all week long. USA has started the great depression again.
@drachenmarke
@drachenmarke 16 күн бұрын
if your retired, then you remember Carter… tell them it can be worse.
@Tomorrison28
@Tomorrison28 16 күн бұрын
They want those wages because the cost of living has soared.
@troyb.4101
@troyb.4101 16 күн бұрын
@@drachenmarke With Jimmy Carter you could get 10% for a bank savings account. We had minimum wage at like $2 and could pay the bills, The wife and I had no problem putting away money. You could find low paying jobs everywhere. It is bye far worse now, and getting no better anytime soon.
@troyb.4101
@troyb.4101 16 күн бұрын
@@Tomorrison28 So they vote themselves other peoples money? now the minimum wage is zero. They vote themselves all kinds of welfare any time they can.
@user-jl4qw9xi2b
@user-jl4qw9xi2b 16 күн бұрын
I already just work pay rent and phone and just eat at home for years now so whats new.
@mrmustangman
@mrmustangman 16 күн бұрын
same....
@mirsaes
@mirsaes 15 күн бұрын
What's new? Hyperinflation.
@chrishart8548
@chrishart8548 16 күн бұрын
I want to see interest rates go up to 10% or even 15% let's get this all sorted out.
@user-yd6sj3pe4j
@user-yd6sj3pe4j 16 күн бұрын
Simple example if gas prices increases Rest automatically will go up we daily depend on gas
@JohnsonAlima
@JohnsonAlima 16 күн бұрын
👍👍 Thanks for the update! Despite the economic recession, I no longer depend on Government Grants since I acquire $86,400 weekly profits.
@JohnWick-ct1gz
@JohnWick-ct1gz 16 күн бұрын
Great news! how did you get that?
@JohnsonAlima
@JohnsonAlima 16 күн бұрын
It's all thanks to Robert Marion
@Philip0128
@Philip0128 16 күн бұрын
trading under proper guidance remains the best way to succeed in today's crypto market.
@MichaelJackson12316
@MichaelJackson12316 16 күн бұрын
I know Robert Marion. He platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not he outperforms. I will forever stay invested!
@Georgesam385
@Georgesam385 16 күн бұрын
Yeah, $60k from Robert Marion, looking up to acquire a new house, blessings 🙌
@brandonbuhrmusic7320
@brandonbuhrmusic7320 17 күн бұрын
love how you said that the dip in inflation was transitory
@miken7629
@miken7629 16 күн бұрын
High interest rates are good for savers, US needs more savers, rates should be higher. Consumers need to cut expenses and increase savings, not that hard to do, No Restaurants, No Charity, No Entertainment, just focus on monthly expenses and make your own food.
@DanTheVocalist
@DanTheVocalist 16 күн бұрын
Not only decrease spending but rates need to go to 15% to shake out all the companies and individuals leveraging debt too dangerously
@darrenschroeder8914
@darrenschroeder8914 16 күн бұрын
Love the tie 👔 Big Guy!
@mikezhou3650
@mikezhou3650 17 күн бұрын
We don’t know whether interest rate is in wrong direction or not, but I feel like its current rate is out of control for both inflation and economy.
@limepiper3650
@limepiper3650 16 күн бұрын
When is the house market going to fall???
@Seolfor007
@Seolfor007 16 күн бұрын
It won't until you kick out the milllion upon million CONSUMING illegal aliens.
@cockfaceification
@cockfaceification 16 күн бұрын
In dollar terms? Never
@briandorsey6437
@briandorsey6437 16 күн бұрын
When layoffs increase further soon….
@ShimmySha
@ShimmySha 16 күн бұрын
Never
@ianbernardoful
@ianbernardoful 16 күн бұрын
Damn I’ve been following Peter Schiff for years and he’s been saying the same thing for literal decades.
@stephtraveler7378
@stephtraveler7378 15 күн бұрын
The Maginot Line is at about $70k income/yr. This is the division between the haves and have nots.
@LeahLewis-ny9iu
@LeahLewis-ny9iu 15 күн бұрын
Investing in gold seems like a good move, especially with the current market uncertainty.
@OliverLiam-px3vx
@OliverLiam-px3vx 15 күн бұрын
Absolutely, gold has always been a safe haven asset in times of economic turbulence.
@EricaWaters-lr6zw
@EricaWaters-lr6zw 15 күн бұрын
But isn't investing in gold quite complicated? I've heard stories of people losing money because they didn't understand the market.
@AshleyKeith-vw7ws
@AshleyKeith-vw7ws 15 күн бұрын
@@EricaWaters-lr6zw That's true. Without proper guidance, it's easy to make costly mistakes.
@BrianAlbert-hh3pi
@BrianAlbert-hh3pi 15 күн бұрын
⁠ That's where a pecuniary consultant like DESIREE RUTH HOFFMAN can help. Her idea in gold speculation and provides pundit guidance to navigate the peddle effectively.
@LeahLewis-ny9iu
@LeahLewis-ny9iu 15 күн бұрын
@@BrianAlbert-hh3pi I've heard of DESIREE RUTH HOFFMAN, Isn't she known for her comprehensive approach to financial planning?
@mb9662
@mb9662 16 күн бұрын
If capitalism is so great why don’t consumers just negotiate prices for food… if they grocery store wants to sell it then they can lower the price, same with manufacturers
@nancygreen8186
@nancygreen8186 16 күн бұрын
One bag of groceries is $50 today . Remember the days when you could fill up your entire cart.
@stevenelson25
@stevenelson25 17 күн бұрын
Yeah I don't know though, people want the government to respond to the economic crisis, but they also don't want the government to spend money. So then what? They tried to spend money at the boarder, argued over it, nothing gets done. Every time they try to respond, they argue and nothing gets done. It's annoying. The democratic process, of passing things and taking action is literally being ripped apart rn imo
@tonymanos363
@tonymanos363 16 күн бұрын
I know Peter often drives people crazy but I just love the guy. His sense of humor can be hysterical. I wish we could see more of it!
@gomiranda
@gomiranda 17 күн бұрын
Government is on a hiring spree in the US....
@garybacher236
@garybacher236 16 күн бұрын
Is three buildings that are closed down in the city that I live in that the remodeling the buildings they're just spending money to try to keep the economy going creating jobs like going further into debt
@taffyalusa4642
@taffyalusa4642 6 күн бұрын
What I don't understand is how there's record travel, cruises sailing full capacity, Macy's earnings up, restaurants busy? High priced houses still selling?
@oceanpacific886
@oceanpacific886 16 күн бұрын
Is coming folks! 😮😢
@michaelgauldin8592
@michaelgauldin8592 16 күн бұрын
everything you said makes sense to me
@Vutsman1
@Vutsman1 16 күн бұрын
That's why they call it the CP Lie.
@jennie7
@jennie7 17 күн бұрын
Live way below your means if you can. I am, and I thank God that inflation isn’t affecting me. If you live somewhere unaffordable, consider moving somewhere cheaper. Sell your home and use that equity to buy something cheaper. Interest rates are high but you can always re-finance. Get out of debt by not being a slave to consumerism. Thanks to your videos Peter I’ve learned a lot about economics and have been able to use that knowledge
@jimlovesgina
@jimlovesgina 16 күн бұрын
Where do you think all the jobs come from?
@tofubadguy
@tofubadguy 16 күн бұрын
"When gold is $10k, you won't care if you bought at 2300, or 2400. Don't wait for a tiny dip. Don't get cute. Buy the gold now." This is the best few sentences he says, and when he repeats them it's exactly what everyone needs to hear.
@kentuckycowboy7660
@kentuckycowboy7660 17 күн бұрын
Of course….❤
@daltenk214
@daltenk214 16 күн бұрын
Yeah no consumer is still strong!
@jaspersilver1055
@jaspersilver1055 16 күн бұрын
Right again P
@ram09568
@ram09568 15 күн бұрын
Interest rates need to be higher….
@Stephenlikesribs
@Stephenlikesribs 14 күн бұрын
WHEN ARE WE GOING TO DO SOMETHING
@TheBodrey
@TheBodrey 16 күн бұрын
Peter Schiff is the man. He is the ONLY one that truly understands what's happening with the economy. He's also the only economist that doesn't pull any punches, and isn't afraid to tell it like it is or call anyone out. The Fed should have hired him to be the chair (instead of that spineless Powell) before the situation became a dumpster fire. It's too late now to turn the ship around.
@workstationmark4103
@workstationmark4103 16 күн бұрын
Vicious Circle
@elgrande3934
@elgrande3934 17 күн бұрын
Breaking News: Economy Sucks, Consumers Unhappy. Film at 11.
@cockyhemi-123
@cockyhemi-123 16 күн бұрын
The popcorn you’re eating has been pissed in….film at 11.
@Asiansirens1
@Asiansirens1 17 күн бұрын
I see Outlet malls are full of customers feels like a boom . Real wealth isn’t credit and debit cards it’s assets .
@mrmustangman
@mrmustangman 16 күн бұрын
not the malls around here.!!!!!!!!!!
@HomestarCrawler
@HomestarCrawler 16 күн бұрын
Appreciating assets, not depreciating ones.
@calholli
@calholli 16 күн бұрын
Are you a bot? lol... Our malls are shutdown and abandoned. No one shops anymore; it's all bought on fl33bay and scamazon
@gosmarte669
@gosmarte669 16 күн бұрын
Stock buy backs are the highest since 2018 because CEO's have high confidence in the economy. Can you explain this for me?
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