The Real Crash Is Here with Peter Schiff

30:58
 
Share
 

Manage episode 256592823 series 1262926
By Ryan McCormick and Outer Limits Of Inner Truth. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
“All the money the Fed is printing isn’t going to have value. It isn’t going to buy anything. Prices are going to skyrocket. And in fact, this coronavirus is accelerating that process because the coronavirus is reducing the supply of goods available to buy.” Peter Schiff Peter Schiff is Chairman of SchiffGold, CEO and Chief Global Strategist of Euro Pacific Capital, Inc, and host of The Peter Schiff Show. Peter is an economic forecaster and investment advisor influenced by the free-market Austrian School of economics. He is one of the few forecasters who accurately and publicly predicted the 2007 housing market collapse and subsequent 2008 financial crisis. His latest best-selling book, The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, warns that the 2008 crisis was just the prelude to a larger sovereign debt crisis in the United States that may lead to a collapse of the US dollar. Peter recommends long-term investment in foreign markets with sound fiscal policies, as well as global commodities including buying gold, silver and other physical precious metals. Website: Peter Schiff Quotes We’re on a collision course for disaster. All we can do, all your viewers can do is brace for impactBuy gold. Buy silver Get as far away as you can from U.S. currency and the U.S. economy. The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States. If you have a workplace openly antagonistic to meritocracy, you will (a) attract the unmotivated, (b) drive out the motivated, and (c) suck the motivation out of those who remain. If the value of the dollar goes down faster than the value of an hour of work, your nominal wages will go up. But that’s still a wage reduction, because this inflation will drive up the price of consumer goods even faster. If your wages rise slower than your cost of living, you’re getting poorer, but you might not notice it as easily, which is good for the politicians. The government can’t create jobs; they’ll destroy jobs trying to do it. The government doesn’t have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy.

330 episodes