Posted on 01/11/2023 8:10:33 PM PST by patriot torch
Peter Schiff warns about the biggest crisis in more than a decade, worse than 2008. He elaborates on skyrocketing inflation and explains how to protect yourself during these times.
Peter D. Schiff is an economist, stock broker, financial specialist, host of the Peter Schiff Show Podcast, and author. He is the CEO and chief global strategist of Euro Pacific Capital Inc. Mr. Schiff has also written a number of books on investing over the years. He educates people all over the world about free market economics and the principles and benefits of individual liberty, limited government and sound money.
(Excerpt) Read more at youtu.be ...
The government issues debt and the federal reserve buys that debt.
Instead of the government taking your money, the government takes your purchasing power, and that's a tax.
Borrow, tax and spend has now become print and spend.
Today's generation, thanks to social governance indoctrination, believes that as long as the government can print more money, then there's no excuse that they should be denied what they believe, they are entitled to.
This is a video that should be sent to the youth of today.
This video also does a good job explaining the benefits of a free market society vs that of an entitlement/socialist form of government.
The government tries to hide the rate of inflation by artificially keeping the rate of interest to a minimum. This has been the governments playbook.
And soon we are about to suffer the consequences of all this inflation.
The covid plandemic has merely accelerated this process.
During the pandemic, spending did not cut back, it just simply shifted from buying from mom and pop shops, to online purchasing via Amazon.
When the private sector is struggling with pressures like the pandemic, government needs to free up those resources and give back to the private sector. Instead the problem has been compounded by increasing the toll exacted by government. And the result is more debt than ever before and more printed money than ever before. And with that becomes more dependence on larger governance than ever before.
The taxes will also continue to increase, even as inflation skyrockets.
Informative and simplified explanation.
He explains how the federal reserve prints and spends.
The coming collapse will be far worse than 2008.
Inflation is taxation.
https://usdebtclock.org/
“...explains how to protect yourself during these times...”
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Let me guess.
He is shilling for gold and silver.
.
Many big Companies are poised to have layoffs.
Some were even lobbied by the WH to hold off.
Looming
Leonard Cohen before he died: “Oh and one more thing. You aren’t going to like what comes after America.”
If gold and silver are bad investments, feel free to invest in U.S. savings bonds.
I have no qualms against sound financial advice.
Regardless, it does not take away from the video he presents.
I didn’t watch the video as I have a short attention span. But we truly live in uncertain times. And one of these days these doomsayers are going to be correct. And then woe to those who didn’t listen.
But in the meantime, listening to those guys has been a losing bet.
I suppose the safest bet is to diversify. Continue to invest in America by buying blue-chip stocks. And keep plenty of water and Dinty Moore beef stew in the basement. Ammo, too.
I mention Dinty Moore because folks caught up in the Kosovo war valued cans of Dinty Moore above all else.
Solution is pretty simple. Eliminate all Democrats.
This video only explains what caused the problem.
It does not provide any constructive advice at all on how to “weather the storm” or protect yourself in any way
A government that can do this can outlaw private ownership of gold and silver and confiscate it all at a fixed price to make any stockpiling worthless.
A word of Waring I have lots of Dinty more stew, but rotate stock, they do corrode.
I raise cattle and garden so I’m using canned goods as the short term till everything grows up.
Leonard Cohen.... looking up that name all I’m getting is a musician. Is that who you’re referring to? Suspecting not...
I saw today that there are negotiations going on for a local hospital...not where I worked....they want or going to get$70 plus an hour.....
so basically $150,000 a year...and I know couples where both are nurses....
how can people on fixed incomes keep up with this....we can't....
all these govt type workers are racking it in as well....
In retrospect, I think some of the positions I used to hold on Pinochet were probably not completely fair.
America collapsed when Brandon and company took over.
“A government that can do this can outlaw private ownership of gold and silver and confiscate it all at a fixed price to make any stockpiling worthless.”
Not in todays world. Got a Chinese or Indian restaurant in your town? That’s a gold exchange. Or hide it a few years. And then of course, jewelry is also exempt. Cartels move in truckloads of dope. Conex boxes of Chinese regularly go in and out of the country. Move a few gold coins? Easy peasy....
“In retrospect, I think some of the positions I used to hold on Pinochet were probably not completely fair.”
Pinochet got it right.
A stolen election will result in a national collapse. The voter should have seen it coming.
(worse than 2008)
And it will be
Really about 2005-2007
I was shouting this to folks around me.
W was taking us into disaster with nation-building which ultimately failed.
My idiot boss (at that time) thought it was all cyclical.
2008 was far worse than I imagined.
But it will look mild compared to what is coming IMHO.
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