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Why the Air Is About to Come Out of America's Bubble Economy - Peter Schiff

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Текстовые комментарии (1699)
The Pale Horse (2 дня назад)
I wonder who are the 526 morons that gave dislike to this presentation (as of Jan 19/19)...
Just give me my Social Security contribution that I have been putting in since 1986. I think you will be about 1.5 million dollars coming my way. My Social Security is not a debt, it was stolen, mismanaged and squandered on other programs.....Not cool.
Russ Wray (6 дней назад)
what peter is not saying that when this starts, crime be rampant ,my thought, it;s already started .i would not want to be near cities involved in sanctuary for illegals .
Sean Fitzhugh (7 дней назад)
Peter has been preaching "the world is going to collapse" for over a decade now. Tell me 1 country that can succeed the US as the worlds financial back bone?
Thomas Pane (18 дней назад)
Most of the debt is owed to the US taxpayer and by the US taxpayer.
Blog Shag (26 дней назад)
Convert dis to mp3, yo. This isn't television. Its radio
Jordi Brizuela (26 дней назад)
Unfortunately it seems we are for another round of a market selloff and more people will end un losing than winning.
David Davis (26 дней назад)
I think he needs to look at world debt and state of most countries after WWII. Europe woud be collapse long ago if it was that simple.
T Mc (27 дней назад)
Alexander Kalish (27 дней назад)
The market is run by the fed and the can make it go anywhere they want. Don't play this game, if you do you will become a slave.
Ken Richard (28 дней назад)
Interests rates go down, oil prices rise. All consumer prices rise, particularly food, because of the cost of fertilizer and fuel for transportation. Price of oil comes down, price of food and goods remain high, probably due to the costs of acquisition of bankrupt farms? Why bankrupt farmers? Because retail costs and wholesale costs are two different things.
Alabama Mothman (29 дней назад)
Coming straight from the mouths of the federal reserve and goldman sacks.
Crazy Blaine (30 дней назад)
So the 2008 was based on sub prime housing loans. 2018 will be sub prime auto loans. Heard it here first. The auto industry is doing the same as the mortgage people did. Soon the cars will lose their value just like houses did. The bubble is ready to pop. Hopefully we don't bail out the auto industry again to prop it back up but it's likely they will so it wont be so bad I guess.... just more air in the bubble.
Silver Mine (30 дней назад)
You can hardly get near the mall near my house due to the traffic. Movies,restaurants, retail stores.
Silver Mine (30 дней назад)
Clinton got more votes than Trump.
Jo Woo (1 месяц назад)
I like Peter, followed him for years...invested in gold and silver...have money in gold money...but, he has been saying this for years...and nothing yet... Still waiting for the looking 2ed predicted crash.
Chris Gilliam Man Stuff Channel (28 дней назад)
He's charismatic, but I can't invest based on another man's charisma.
Bo McGillacutty (1 месяц назад)
Schiff is smart but he's been tragically WRONG for at least a decade now, predicting imminent economic disaster and $8000 or 10k gold prices, complete JOKE by now.
Sun Tzu (1 месяц назад)
I have been out of work for months. Where are those jobs?
Chris Gilliam Man Stuff Channel (28 дней назад)
What skill sets do you have?
Mark Anthony (1 месяц назад)
What scares me more than anything is when I saw on youtube a clip of Doug Casey back in the 1980's on Donahue with a very similar message telling people to buy gold. That was a wakeup call. I hope the bullshit US economy lasts until I'm dead. https://www.youtube.com/watch?v=easuUdhW4X0 Watch that if you want to sober up from the Fear-liquor.
James Sohn (1 месяц назад)
Capitalism is based on belief. If you believe there will be a recession, there will be one.
James Sohn (1 месяц назад)
I listened to this and exited the stock market and regretted to hell as the sp500 increased by 25%. I gave up and entered the market and now it's headed back to that level.
NZ reggae (1 месяц назад)
How could you claim Americas GDP is the worlds largest when most products are made in China? I may be jumping the gun, I am only 58 seconds in. But surely China's GDP is greater than good ol US of A.
Chris Gilliam Man Stuff Channel (28 дней назад)
GDP is all the money spent in a country, not what's made there.
Anton Leimbach (1 месяц назад)
I watched this video and now I’m an economist.
elreytriton (1 месяц назад)
One huge issue is he keeps thinking the market will correct itself. Nonsense. The masses will be ready to destroy the system as a correction. Adam smith mentioned the “invisible hand” in a very vague sentence and it has been used ever since in favor of letting ppl run amok in industries. The only way is to raise taxes on the rich. When the taxes are lowered on the rich, the govt sells bonds(borrows money) from the rich they just lowered taxes on to make up for what they don’t collect in tax money. It’s an insane system.
Chris Gilliam Man Stuff Channel (28 дней назад)
+elreytriton Money does circulate, the wealthy don't sleep on piles of cash, the money is working. Money never sleeps. Take your hate of successful people elsewhere.
elreytriton (28 дней назад)
elreytriton (28 дней назад)
+Chris Gilliam Man Stuff Channel It's called a progressive tax rate. One you've been paying your entire working life. I'll breakdown why. They pay more because they make more. But they dont spend more if the money wouldve been split. Paying 10% when you make 20k a year is only 2k but youre gonna spend majority of your income just to survive. This person probably lives paycheck to paycheck and 13k is considered poverty in this country, which is actually low but you get the point. 10% of 2 million is 200k. That leaves them 1.8m for just that one year. Not counting their probably hundreds of thousands-millions in savings or assets. But thats not where taxes start nor end. Lower class people make the world go around as they continue to buy things from business owners and each other and that's called aggregate demand. The overall demand in teh economy and that's one of the most important things in economics which isnt really taught in business because the 2 conflict with each other. Sales tax are placed on all other goods and services. Therefore that 1400 check you have left after taxes before you spend your check is now almost gone when paying bills and buying things. While the rich person can spend 800k on anything during the year and still save 1 million dollars. They benefit from what taxes pay for the most. If they own a business the roads bring the customers to their store and trucks with supplies across the country. Their employees are educated at public schools and govt funded colleges. Etc etc etc. The person making 2m has to spend 100 times as much as the person making 20k to make the same impact in the economy to keep it going. They dont do that. Therefore the money is redistributed through taxes. The rich person isnt spending at ma and pa shops. They're not shopping at walmart and eating at olive garden. They're not going to the movies when they have a theater inside their home. They're not buying a bunch of low priced new and used cars a day. Money is meant to circulate. Every time a dollar is spent someone is paid. Rich people try and save as much as possible. Or they spend it on assets which are usually held by other rich people. Which keeps the money pretty much out of the money supply.
Chris Gilliam Man Stuff Channel (28 дней назад)
Why should one person pay a higher percentage than another?
breeze787 (1 месяц назад)
PETER SCHIFF IS A FRAUD! He predicts doom every year hoping to get lucky which he did in 2007 where he exploits his luckiness. Go somewhere else this guy is an economic dunce.
Jonathan Root (1 месяц назад)
Let's not forget that medical debt is a leading cause of personal bankruptcy in America.
Jakee Russell (1 месяц назад)
Great job Peter.
Bernard Simmons (1 месяц назад)
This guy was sounding good until the untruths started
Jerry Lifsey (1 месяц назад)
For November 2018 the official Current U-6 unemployment rate was 7.2% up from 7.0% in October and 7.1% in September but still below the 7.4% in August and below the recent cyclical high of 8.1% in June and well below the highs of 8.6% in February, and below the previous cyclical low of 7.6% in October 2017.
Jerry Lifsey (1 месяц назад)
$2.75T consumer debt in 2008. $4T consumer debt 12/9/2018
Jerry Lifsey (1 месяц назад)
$21.84T Federal Debt 12/9/2018
Rita Taylor (1 месяц назад)
You don't need a crystal ball or time travel to realize that the government has been in the banks' pocket in America since JP Morgan and the Rothchilds' in Europe. My ex-boss used to say to me Don't come to me with problems, come to me with solutions. The solution is/are ...
martyn fenton (1 месяц назад)
It's about timing so although plenty of his analysis is correct his timing on a rolling 1yr - he's been predicting a crash for 10yrs. It's like someone predicting their own death sure it going to happen but you can't say when
Ben Pon (1 месяц назад)
2 years after release of this video, it's happening.
Paul Blair (1 месяц назад)
The shift from full time to part time jobs preceded the passing of Obamacare.
Bobby Johnson (1 месяц назад)
Why do I feel like this guy wants the economy to implode.
monkey business (1 месяц назад)
For more than 150 years records dictating market results and fluctuations are rock solid and steadfast regardless what political party hold power, and that result is surprising, but simple. When the average age of our citizens in the USA is 46 years of age the market spirals uphill not down. You can surmise the logic anyway that you want, but it is stated that in that part of a life span (on average) you will spend more money than in any other time in your life. This cycle lasts for 4 years (on average). So when you hear these doomsday speakers always remember that they are somehow physic in their in their logic. Me, I stay with methods that are tried and true. When will the average of the country once again be 46 years of age? 2020
Damone Gipson (1 месяц назад)
True that
George Stone (1 месяц назад)
This perma-bear moron has been spectacularly wrong for at least the last 15 year. Anyone who has followed his advice has been destroyed. The market has gone up and gold has gone down, the exact opposite of what he predicted.
Stephen Sheriff (1 месяц назад)
Wonderful speech Peter. I listen to your weekly podcasts whenever I can.!!!
Bingo Boy (1 месяц назад)
TheBullyTeam (2 месяца назад)
Successfully predicted 327 of the last 2 stock market crashes
the critico alternative libertarian media (2 месяца назад)
usa is screwed, besides the debt if the fed goes back to qe, the chinese, japanese etc will know they are holding trillions in savings that are going to 0, that moment they will dump the dollar, n buy real assets or currencies that can buy those assets, rubles for oil gas, euros for cars food, brazilian reais for soy, coffee, gold... that moment dollar will collapse and the rich in the usa will buy assets, inside n out usa, creating more inflation, meanwhile banks will be collapsing since prices will explode but most ppl wont have a dime, its going to be messy... remember 2008? the moment banks knew mortgages were toxic assets they dumped them all, while shorting them, this means avalanche bond dollar selling, if the dollar doesn't have value, then it is an toxic asset.
Erney Sweets (2 месяца назад)
Im 17 and i still cant believe most americans dont know whats going on ... Im sad 😢😭
Chris Gilliam Man Stuff Channel (28 дней назад)
What makes you think you know what is going on? Watching YouTube fear porn?
Ty Parker (3 месяца назад)
I'm loading up on gold, which I think will perform very well during this recession.
Ryan Beck (3 месяца назад)
Interest rates don't "go anywhere". The FR sets the rate. Volker set the rates that high, which was a mistake. He did that, because he didn't understand federal finance.
Ryan Beck (3 месяца назад)
Investors will always buy treasuries. Why? Because it is a risk-free investment vehicle. Why is it risk-free? Because the federal government CAN NEVER BE FORCED TO DEFAULT ON ITS OBLIGATIONS.
Ryan Beck (3 месяца назад)
"Federal reserve creates dollars".?? No, it does not. The Bureau of Engraving and Printing does that. How does this man still not understand federal finance? Maybe he does understand, but he just gets rich spreading lies and fear.
Chris Hamilton (3 месяца назад)
Peter Schiff doesn’t believe there is less product to go around and people are living longer than ever.
Daniel Purdy (3 месяца назад)
I work in transportation our business is booming.
OakhillSailor (3 месяца назад)
If the foreigners lend the US money for "Low rates" then they would love lending the US for "Higher rates" so the US is in good shape.
Nathan Estlund (3 месяца назад)
We used Dave Ramsey’s baby steps to pay off all our debt (20k) last year and now we are piling up cash to put down 50% on a house. The key to wealth building is too pay cash for everything and consume less.
Fuzz Zeballs (5 месяцев назад)
still guessing 2018
Weare Hiddenservices (5 месяцев назад)
Well i dont really buy what this man is saying or doing with his time if he truly believes in what he preaches, the economy in every country is a fake illusional construct designed to keep people busy. We have over 20 trillion in debt. Theres a total of about 6.5 trillion dollars in circulation. Do the real math the numbers are all a complete farce. The us census said an odd number of citizens were legally married last time. Not couples but citizens
mijachin (5 месяцев назад)
From the get-go this guy is a phony making money by twisting words. The US government does not borrow money the way he lays it out it issues T bills in the form of sovereign funds which by the way are still the most valuable and dependent mode of long term investment by far in the world. This guy is full of BS hands down.
Monique Cambero (4 месяца назад)
+mijachin here's a tip...watch GOCC'S lesson on Iranian War. Eye opener. You'll learn a lot. I did
Monique Cambero (4 месяца назад)
+mijachin I'll stick with biblical truth. You're the one who mentioned that big bang. Anyways. Be bless. CHRIST calls ALL to repent. Can't you see America's in TROUBLE? SMH. No need to take your frustration on me. I'm not the enemy. Check your government.
mijachin (4 месяца назад)
Monique Camberro then get off the internet!! Thou shall not engage in blasphemy and idolatry. What a hypocrite!
Monique Cambero (4 месяца назад)
+mijachin you have your big bang theory,, that's you. As for me, I'll stick with biblical principles. Bless you.
mijachin (4 месяца назад)
Monique Camberro everything will lose their glory one day ... all you see around you will be gone one day consumed by the fire of an exploding super nova. Same way everything will become one again as it was in the beginning of the Big Bang. Only way we can break the cycle is by stop believing in hocus pocus and looney tunes.
Phillip Habsburg (5 месяцев назад)
This dude came out on Alex Jones LOL
Vince Hennigan (5 месяцев назад)
Without dates these speeches are worthless. You Tube is a useless medium when one doesn't know when content is relevant.
walter spaceman (5 месяцев назад)
The day the ATM's say "CLOSED", YOU WILL HEAR GUNFIRE EVERYWHERE, BIG BULLETS. There is no fictional horror movie you've seen will be even close to this hell coming to your house.
Thomas Cook (5 месяцев назад)
We found out how they are going to shrink it. They are collapsing the foriegn market with trade wars.
George Schweneker (5 месяцев назад)
If each restaurant functions as a separate company , LLC or Inc. for many reasons: Asset protection, Risk management, prevent cross Liability from branch to branch. Obviously old Peter’s real business experience is limited to Economic Theories.
Fuzz Zeballs (5 месяцев назад)
and now july 2018..............
Steve Brawner (5 месяцев назад)
Peter is a brilliant man, however I have been watching him for at least 20 years and he is always calling for a recession or worse. I am not saying he isn't right, just saying if you predict it's going to rain every single day, you will be correct eventually. He is usually correct with his statements, but years too early. To tell the truth any moron knows we are all screwed when the bill comes due, we are 20 trillion in debt. So saying we can't pay our debt, does not take a economic genius.
Chill ass turtle (5 месяцев назад)
because rich cucks like you refuse to pay your taxes. dumb faggot
Chris Warmuth (5 месяцев назад)
"it's the most basic common knowledge there is" Hahahaha what a stupidly exaggerated statement. Check out page 37: https://www.sec.gov/Archives/edgar/data/1018724/000101872418000005/amzn-20171231x10k.htm Cash paid for income taxes, net of refunds: $957 million With that said, even if you're right, your lack of understanding for the reasons why is impressively dumb. Lots of companies take tax deductions using credits. This happens all the time. It's part of our tax code. Sometimes companies have years when they get to deduct a lot in taxes and others when they don't. It's not unusual. You need to understand this.
Chill ass turtle (5 месяцев назад)
https://www.foxbusiness.com/markets/amazon-earned-5-6b-in-2017-but-paid-no-federal-taxes even FOX of all places said it lmfao how do you not know this...it's the most basic common knowledge there is.
Chris Warmuth (5 месяцев назад)
Prove it.
Chill ass turtle (5 месяцев назад)
0 federal tax paid.
Chris Warmuth (5 месяцев назад)
Do you have any proof for your assertions? I could provide you statistics showing that the top 1% pay over 50% of the taxes in the US. I could show you Amazon's 10-K's and 10-Q's proving that they actually do pay taxes (and lots of them). Do you have any evidence?
Hawk Bokdol Kim (5 месяцев назад)
last time the geniuses came out with the ingenious negative interest rate. next time they will come out with something more ingenious. In the end economy is just an economy.
Elon Milord (6 месяцев назад)
"After the recovery, we were poorer than we started", so damn true.
bobby turnbot (6 месяцев назад)
Rothschild's No.2 guy 140 years ago was the Shiff Family they were so bad they lost most of their businesses and Precott after loaning Hitler $ changed the last name to bUSH.
jigga jaw (6 месяцев назад)
These boom and bust cycles are supposed to happen.
rwdplz1 (6 месяцев назад)
What saved us last time was easy access to credit. I think the rich figured that out, and this time interest rates will remain high and continue to increase, to create additional perpetual debt wage slaves. 7:40 That's what happened to me in '08, underemployed engineer working for slightly above minimum wage 39.9 hours a week 'part time' with no benefits while the newly laid off experienced engineers took the entry level jobs that went from $45k a year to $30k a year, because companies could get away with it.
Austin Gaius (6 месяцев назад)
Playing violin to a sinking ship.
Puru saxena (6 месяцев назад)
Broken clock
Mike Flavell (6 месяцев назад)
Westerners need to travel more, not as tourists seeing what tourists see and do. They need to see what Asia and China have been up to and what billions of people will do in an economy that has labour rates that are less than 1/4 of ours. They take over the manufacturing that we once had. They created jobs that people can actually feel they’ve made a contribution. How many Ford and GM factory workers stood proud of the small part they played in the car they helped design or assemble. How can a kid be -Road of the burger he flipped or the coffee he served. Theory wont create recovery. I guess we have to accept that things happen in cycles and let natural forces work themselves through. Too many derivatives, too much greed, too much corruption, too much media crap, too much apathy
liefhebber179 (6 месяцев назад)
One year later and jack shit happened, all these so called gurus are talking in there own interest.
Rex Brent (6 месяцев назад)
Sounds about right. Thank you.
Koen De Vriendt (6 месяцев назад)
let the idiot, the usa, fail, they all deserve it for a very long time. Belgium
Ebrelus (6 месяцев назад)
It took some time to for this air to leave the baloon... ;)
Pere Davison (6 месяцев назад)
His whining about buying things that are unassembled, as a sign of things going the wrong way is ridiculous. It is to allow efficiencies in shipping. He's selling fear. It sells. Always has. Demagogues....
BackToConstitution (6 месяцев назад)
Did you ever watch someone blow up a balloon? It gets bigger, bigger, bigger and everyone is nervous, because that balloon can only take so much air before it pops! That's the US economy, under the misguided leadership of The Fed. We need to end the fed, Fred! Peter Schiff has a great mind for economic matters, but he doesn't know beans about bitcoin and he should, because bitcoin is the future, not the USD or any other fiat! We don't need representatives who don't represent us and soon they will all be gone! Not soon enough! This rule by kings and puppet Presidents is not the way to do it! It has failed, every time! The people must be in control of EVERYTHING! The people won't betray themselves, but EVERY politician will sell you down the river, faster that you can say, The last First Lady WAS A MAN! Thumbs up, Peter!
The Traveler (6 месяцев назад)
The good side of Americans having 2 to 3 jobs is that it keeps them away from politics and holding government accountable and thereby rely solely on ready made information out of the media as well as can speeches and slogans from politicians with the main and only purpose to fool the folks into voting for them.
Yarp Kibbelz (4 месяца назад)
spot on
The Traveler (6 месяцев назад)
Because if they dare to refuse loaning we'll invade them and put some crooked in charge that will give us the loans and more. And when we wreck their economy by borrowing and not paying some colonel in their army organize a coop in which our guy is killed and a new nationalist government is formed that aligns with Russia and suddenly the new government becomes our enemy, undemocratic and a state sponsor of terrorism. Russia continues the same and so on. This why 3rd world countries are hard to grow out of poverty
Jace tru (6 месяцев назад)
Something equally scary is happening a civil collapse.
NON- SENSE (6 месяцев назад)
A pro BS artist
JonathanNeilRhodes (7 месяцев назад)
If I were an alien, I would LOVE the next recession to come under Donald Trump because the whole world would collapse. Unfortunately, being a citizen of this world, I know exactly how dangerous that may be
Ken Rose (7 месяцев назад)
Aka sliding the tandems
Masis Oganesyan (7 месяцев назад)
You are an moron. This speaker is an elite moron
EMPIRE STRIKES BACK (7 месяцев назад)
What he says is very True. But he doesn't offer any solutions to fix the cancerous US economy. He just want to attract clients to his company to create an investment portfolio immuned from this Unrestricted Capitalism Cancer!!!! AHHHHHHHHHH GOOD LUCK. If the Dollar collapses so will everything else with it too.
Dan Jones (7 месяцев назад)
Doom and Gloom sells ad time
Rick Gonzer (7 месяцев назад)
https://www.cnbc.com/2018/06/08/fed-has-surprise-that-could-mean-early-end-to-interest-rate-hikes.html The Fed has said that it will not sell treasuries to the extent that they had planned, and that they will stop raising interest rates. Read today on CNBC
Rename Murder (7 месяцев назад)
So invest in chinese repo companies! Wait in Canada our cellphones cost more
Toebee Leeyoung (7 месяцев назад)
Was viewing a video about some guy ranting about how amusement parks full of dinosaurs is dangerous and ended up here...HOW DID I GET HERE?
Gaelan McCann (7 месяцев назад)
I can't believe I just watched a 30 minute advertisement for gold currency
Paul Robin (7 месяцев назад)
Women are all golddiggers!!
d k (7 месяцев назад)
Please stop already Peter, you have been preaching this shit for nearly in a decade. A decade in which we are experiencing the longest expansion in US history. Sure a recession will eventually come but in the meantime let people make some fucking money. Stop advising people to sit the sidelines and wait for a crash. Stop fear mongering people into buying gold. It's pathetic...
Ivan Doneshefsky (8 месяцев назад)
Always sees the glass half empty. Mr. Negative. He’s been forecasting doom and gloom for as long as I remember. A broken clock is right twice a day!
MrChiangching (8 месяцев назад)
Tesla will be one of the first companies to go down.
Anthony Salvatore (8 месяцев назад)
My fellow sharecroppers we are living in the feudal system called corporaration usa
ros1tony (8 месяцев назад)
As we get closer to collapse the government will provide; school, internet subsidies to keep people under control and not out in the streets killing and burning all the buildings.
ros1tony (8 месяцев назад)
Let the collapse commence.
Orion Synthasizer (8 месяцев назад)
So he contends that jobs were created under ObamaCare but at the same time, thousands of people were laid off, this is a complete lie, prior to ObamaCare people were with no job, companies would not invest in employees so people had to get multiple part time jobs, and if he was being honest he would say companies refused to higher and pay living wages because the companies have been pocketing their record profits instead of hiring
Real Deal News (8 месяцев назад)
You are worthless Schiff I wouldn't hire your for minimum wage i would love to see you sweat for 8 plus hours making a living wage and living day by day check by check always stressing your Karma is coming lie once i buy shame on me- lie twice i have your number and you are not being true so ill let Karma get you old man you do not represent the future so you are making it up pathetic!- retire!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Real Deal News (8 месяцев назад)
Hey Schiff stop the fear Mongol BS we are not going to crash over night nor is the world, we live in a global economy now and no one major empire/country will fall cause it will collapse the world economy PEOPLE!!!!!!!!!!!!!!!!!!!!!!!!!!! wake stop listening to these people every year same story the bottom is falling out and its coming to a end all Peter S id doing is covering his bases so if a global downturn occurs he can say "I said so" do it every year and you are full off PISS and VINEGAR you deserve to be middle class PETERSCHIFF!

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