I have been dying for Jordan to speak with you, David Stockman, or Dr. Bob Murphy from Mises Institute. Tom Woods from the Tom woods show would be great as well. Most of all, I would THOROUGHLY enjoy an discussion with Dr. Walter Block on the praxeology or someone like Hans Hermann Hoppe on private property. Those would be deeply philosophical and I think he would see how much his maps of meaning dovetails with Mises' understanding of Human Action.
As a lad who's followed both these guys for years and years... I never would've thought back then that these two worlds would collide. What a time to be alive.
No one ever taxed their way to prosperity? Oh REALLY? What do you think paid for the great land grant universities and the GI Bill, that brought the greatest period of solid economic prosperity in US history? Why do people repeat these slogans? Taxes today don't bring prosperity tomorrow, no. Even building the nation's airports and highways didn't result in overnight prosperity. He's selling snake oil.
السلام عليكم اخي الفاضل بالله يأهل الخير يا عباد الله نحنا أيتام بنات اولاد صغار مع أمي مريضه محتاجه دواء حتى تأمين صحي قطعو عنها لدي تقرير طبي يثبت كلامي اناشدكم بالله محمد رسول الله ترئفو وضعنا والله بل الحاجة ربي بيشهد على كلامي أمورنا سيى لقمه العيش مانحصل معيشه صعبة أقسم بالله أنو صاحب البيت طردنا من البيت سبب تركم الايجار علينا والله قاعدين غرفه عبارة عن توثه أقسم بالله العظيم مرقت ظروف مايعلم فيها غير الله قاصدتك تساعدني الأيام الصعبة التي تمر بنا أختكم بالله طالبي العون والمساعدة منك وجه الله تعالى،
Man... What's so great about JP's interviews is that he brings his therapist style to it, meaning he actively listens, lets his guests speak, and has them systematically break down the complexity of their ideas for his viewers to understand. We don't get that with a lot of modern day journalists.
What an interview! Excellent. Listening to Peter never gets boring for me. Among all economic experts, Peter stands out as being sincere and explaining everything in terms that anyone with no background in economics can understand. Truth is , there is a perfect storm forming in America. Inflation, sever drought in the farm belt, the pandemic, food shortages, diesel fuel and heating fuel shortages, baby formula shortage, shortage of and price of available cars, the price of housing. It's all coming together and could lead to real disaster toward the end of this year.(or sooner)
Precisely! And the solution? For government to greatly reduce itself thus reduce it's power, and get out of the way of most if not all economic activity.
Crazy lol? There is already AI here to spread propaganda or make advertisement among us. Be weary guys dont trust the machines. Humans are now forced to stop behaving like NPCs so we can differentiate us from machines better. What a time to be alive
The manipulation of the markets is unbelievable , In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65
Working with a reputable investing coach is now the greatest market approach. Since a while ago, I've been in contact with a coach, mostly because I don't have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize
We are living in an age where access to information is just a click away, and with it comes the potential to amass wealth. I have personally witnessed individuals who were able to accumulate vast fortunes from the Dotcom crash and the 2008 financial crisis. As I explore opportunities in the current market, I am reminded that we too are only just an information away from finding our own path to financial success, could this coach that guides you help?
I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy “CHRISTINE ANN PODGORNY” a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.
Upon finding her, I initiated contact through email and scheduled a call, eagerly awaiting her reply. My objective is to kickstart the year 2023 with a favorable financial outlook.
Peter Schiff is so brutally honest about the state of the financial markets that nobody invites him to their show. If you ever wonder why prices are the way they are, how ponzi schemes thrive and how utterly financially illiterate the American politicians have become, check him out. His honesty has cost him airtime and presence. Peter's understanding of the true cost of a" free lunch" and what it means to those who recieve it are frightening
The problem is the more I learn about our politicians the more hope I lose in the system working. The rich get richer and lie their ass off while we are fighting over gun rights and trans bs
Peter's father Irwin died of cancer as a political prisoner of the US government. Peter and his family have paid dearly for their honesty. None of that is mentioned here.
While watching this interview, one realizes that JP is not only an excellent orator but also an excellent listener. His ability to summarize Peter's long explanations into a succient summary was self evident and amazing.
Was thinking the same thing, I know Jordan Peterson is extremely intelligent but with how things are nowadays it’s refreshing to hear a clear understanding of economic forces, from a psychologist no less. Able to repeat and consolidate the information Mr. Schiff is presenting
Phew! Finally someone who explains economics in a manner that anyone can understand. I had pretty much given up trying to understand. Thanks to both you gentlemen!
Economics is not conceptually difficult if you always frame the question in terms of what are the incentives operating in the problem and it's potential solutions. Economics is the psychology of incentives and the behavior it produces.
You should watch Peter’s podcast. He drops so much knowledge on economics / investing but also on politics, current events and history. He’s one of the rare persons that changes your way of thinking and not just your knowledge base.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April of 2022 alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment? I can't afford my hard-earned $180,000 savings to turn to dust
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, JANETTE ALEXANDREA ALIMI, whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $300k since November 2022.
I personally work with "Janette Alexandrea Alimi'' she covers things like inveesting, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
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.
Jordan is a brilliant listener, he seems to be effortlessly able to summarise a long explanation statement into a sentence or two without misrepresentation or omission. Truly wisdom is in one's ability to listen, learn, critique, find the questions remaining, and recall in application or summarise simply. If someone can simply and honestly summarise with veracity, you know they understand the subject or statement. They are likely able to explain why it is true or false, it doesn't matter if everyone or no one believes him, that's a "you problem". Essence of humbleness. The wise are respectfully humble.
I think they both knew already what they were going to say. JP is definitely a pro listener however I’m pretty sure he prepared for the interview in advance.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
'Whitney Kay Stacy' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I have been watching Peter Sciff interviews for 10 years and I have never seen someone as adept as JBP at restraining his run on strings of thought and pressing him to respond to specifics to keep it a back and forth conversation
Felt the same way. I understand what Schiff says, but I feel that for someone who's more or less oblivious about economics or the history of economic policy, he's talking gibberish most of the time. Peterson keeps him in check in that regard.
@@gspolima Do you know what school of economics Peter subscribes? I'm curious if you know, if you do, please explain why you disagree with them. What school/s of economic thought are you familiar and do you follow? That way I'll understand how you understand economic history and policy. That way I can explain to you how your statements are incorrect. Thanks!
I admire Peter and Jordan. You can learn a lot from their podcast. Here's an anecdote: a few years ago, I opened an IRA account with Europacific Capital, which is led by Peter. When I was planning to move some funds to hyperbolic startup , Peter personally called me on my cell phone. It took me a while to believe it was him, but I really appreciated his phone call , he gave me 10 minutes lecture . it meant a lot. He was right - I preserved part of my wealth with his advice, and his recommended stocks are performing decently in this chaotic market. I’m not a wealthy individual and possible that transaction was too little for him to give me a call but he took the time to do it . He is honest investor in this hyperbolic , hyper optimistic , unrealistic market and not afraid to hurt any feeling . Listen his podacast you would learn a lot with a touch of sarcastic humor .
I am a homeowner (who is satisfied with my home / no intention to move) and yet I'm still terrified by the insane explosion in home prices over the course of the past 3 years; primarily because I have three young children and I would like for them to be able to buy their own homes one day as well. Homeowners who get happy when the (supposed) "value" of their homes explodes upward are being shortsighted. The middle-class being priced out of the dignity of homeownership isn't good for any of us, whether we already own our homes or not.
The only ones who benefit from rising home prices are Banks (greater interest payments) & Government (increased property taxes). The homeowner gains nothing! Think about it, what have you gained? Home equity, so what. Allows you to take a home equity loan (more debt), bad idea. If you want to sell your home because the price went up, so did the price of the home you want to buy. Again, the homeowner gained nothing.
Saw a joke once, that Peter Schiff predicted 30 of the last 4 economic crises. Nice to see him reaching new audiences though. As a long time watcher of Schiff in the economic space, I'm excited to see Jordan interview him in particular because of his excellent active listening skills instead of seeking soundbites.
peter hasn't been predicting economic crises or recessions, he's been predicting the death of the dollar. Two completely different things if you actually understand what he's saying.
Been following Schiff since he appeared on Joe Rogan for his 2nd time back around 2015. He’s brilliant on free market and economics although I prefer Thomas Sowell. This is neat, what more evidence do people need to hate government?
@@tonyw205 It's really one and the same recession that he has been predicting for a long time, and he has admitted that he is suprised that it has taken so long for these problems to emerge. The core analysis that he has always given yhough is a sound one, namely that you can't build an economy on super low interest rates, ever increasing levels of debt etc. Most understand that that is something that can't go on forever, but it is quite impossible to predict exactly when the end of the line will be reached.
Schiff has been very accurate on the US and World Economy. He could NEVER have predicted the US Swamp filled Govt would ever unleash $30T into the economy to push the can down the road. When I first listened to Schiff the average cost of a US Home was $125K. A new car $10K. Health Ins $80 a month. Tuition $5K a year. Rent $500 a month. Food $ half of what it is now. Gallon of gas $1. Shall I go on ? Average price for a US Home today is $425K. That was a luxury home on the Ocean when Schiff was first sounding the warning alarm. Listen Mr Smugly- imagine you are a 26 year old college grad today getting married & starting a family. These kids must be terrified.
@@GalactusOG Your statement is true, and of course true about every human being on earth. However, I can find ZERO flaws in his definition of inflation, nor in his analysis of its fundamental causes.
@@GalactusOG Most people don't even understand the basics of money and are living paycheque to paycheque, so people like that need a better understanding of inflation.
He knows how to sell but trust me he's not 100% accurate. Definitely has his own interests in mind often times. He's extremely smart and aware of current events but biased towards certain investment( like gold) . Always in my roster of economists to listen too but I don't want u to miss the rest, there are some things he's just not knowledgeable of yet( he's said himself like blockchain)
Actually that´s the only thing he is right with. Crypto is a huge ponzi scheme, obv. But all those other crisis are serving his purpose of selling his zero-profit-funds.
@chen661 He's a "sky is falling" soothe sayer for those who love doom and gloom stories. That's all they are is stories. I see Peter Schiff and scroll past
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@@kenanporubsky2122 My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
The ability to disseminate complicated, technical material so that it's accessible and understandable to hillbillies like myself, might be Dr. Peterson's greatest contribution to this age. I'm forever grateful.
Russia backed its currency with gold over 20 years ago, and developed oil, gas, fertilizer, grain, and now is independent from the west 😂. The sanctions placed by the west are damaging the west, and Putin asked to join NATO 20 years ago, but USA and Europe needed a scapegoat.😂
Even Vladimir Lenin said the best way to destroy Capitalism was to debauch the currency. I don’t see what is so complicated. It even brought down the Roman Empire.
As usual Peter hits it out of the park. I’ve been reading and listening to Peter since 2008. Having Jordan interview him opens up a massive audience to his rational libertarian commentary about the state of economic affairs in the USA and Canada. Thanks Jordan! Keep up the phenomenal work.
@@lacticaddictluke If you're a smaller investor it's a lower entry amount to get into the funds through Charles Shwabb then it would be directly though them. Cheers
Peter is an absolute legend and I know JP has stated he's been working on understanding economics better; well he'll be hard pressed to find a better teacher than this. 👏👏👏
Schiff says some true things, but when it comes to macroeconomics and the global banking system, I think he's stuck in a sophomoric understanding. Remember, he's he's gold salesman, he will always be saying that the dollar will collapse.
@@dalejames486 Unfortunatel this is true. But it's a little ask to make your mind up about this yourself. The rest is really sound information and it's free
@@dalejames486 on the flip side the banks, federal reserve and government constantly tell us we have a sound banking system and they can “avoid” a collapse and unlike the gold salesmen the others control the system
@@YHirschmeier What? If you think what he’s saying is good information, then how could retailing gold be a problem? Businesses buy at wholesale prices and sell at retail prices. He’s not selling his own gold.
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
In the world of fina-nce, rece-ssions are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been inval-uable in my journey towards finan-cial success.
@@harwellron1289 My Financial adviser is ‘’Colleen Janie Towe’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial mark
@@joshbarney114 thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
@Publius I like Sowell, but he just doesn't make as much content as Peter, so I've learned a lot more by watching Peter because he just puts a lot more content out there lol, but I did really enjoy reading Sowell's books that's for sure
Peter Schiff is not an economist. Milton Friedman was superior imo. Not only as an economist who put forward theories and advanced economic science, but also as a communicator who made economics and free market ideas accessible to anybody.
1:50 - Peter Schiff's antecedents. Called the housing crises 2008 3:20 - Inflation as a massive threat 4:20 - Career politicians only care about themselves. Care primarily about re-election. 6:00 - National interest is sacrificed by politicians. Politicians are very good liars. Same thing with Lawyers. 8:50 - Introducing FIAT Money. 9:00 - Defining Inflation "Expansion of the money supply" 16:20 - Quantitative easing just another way of saying INFLATION 19:20 - Good Debt vs Bad Debt 22:00 - How is inflation calculated? A big Fraud. Change in CPI - Consumer Price Index 31:05 - Illusions, deceit, dishonety of politicians. 32:00 - Massive weight of the U.S GOVTS DEBTS. 36:00 - Borrowing from the future. Times where its permissible. 38:05 - "Stealing from the future" 43:30 - Substitute money. 43:50 - "The DOLLAR is the cleanest shirt in the hamper" LOL 44:50 - Why the Govt is the biggest debtor - 48:00 "America lives beyond its means because of the dollar STATUS" 50:09 - Jordans summary for this segment 51:10 - Where do we go when the DOLLAR FAILS???? 52:10 - The alternative for the dollar is GOLD! Gold works as money 56:30 - GOLD and its intrisic value.
Love Peter, thanks for having him on JP. Peter may be considered a Permabear, but he was educated just like I was on how efficient capital markets should work. Sadly big government has been growing ever since 08, and they are essentially asset stripping the low and middle class via poor government spending, and through increasing money supply.
Mr. Jordan Peterson your academic honesty in regard to substantive modern, historical, moral, & social issues is so compelling and thought provoking. Thank you.
We enjoyed the crystal clear discussion in 'Economic Storms are Coming', featuring the esteemed Mr. Peter Schiff and Dr. Jordan B Peterson. Both Schiff and Peterson are true luminaries in their fields - business, politics, economics and psychology. Schiff's relentless commitment to promoting economic literacy and his tenacity in the private sector, particularly with his gold business and numerous financial ventures, are a testament to his dedication. Beyond his entrepreneurial endeavours, Schiff's commitment to providing a financial safety net for the public highlights his role as a protector of the public's financial well-being and solidify his role as guardian of public economic, business, and economic health. His comprehensive and intricate radio streams and podcasts may be complex, but they reflect his commitment to sharing valuable insights with the public. Additionally, Schiff's deep sense of political responsibility to elucidate public understanding on governance issues is truly commendable. His forthright communication of ethical governance principles has become a cornerstone for many. Our hope is that the excellence in teaching that Mr. Schiff demonstrates, whether it's in Austrian economics, business, or politics, is recognized universally. We wish that one day the Austrian School of Economics considers awarding Mr. Schiff with an honorary degree to respect and acknowledge his status as a teacher or professor of the world in these critical domains of business, economics and political theory, if not at the very least in economics. We eagerly anticipate more of such compelling and enlightening discussions." Similarly, Dr. Peterson, a true Canadian hero, tirelessly advocates for his fellow citizens. His unwavering support for free speech and his efforts to promote critical thinking resonate with many, making him a beacon of hope in these challenging times. Both Schiff and Peterson, in their unique ways, demonstrate an unyielding commitment to public service, public safety and intellectual enrichment. As pertaining to Canada, this commitment is echoed by Pierre Poilievre, who has emerged as a significant figure for his people and for humanity as part of his own heroic journey. We hold immense appreciation for their tireless efforts to foster understanding and encourage forward-thinking in their respective domains.
It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.
@Finest Bear Hug People do downplay the importance of expert counselors up until they experience the consequences of their errors. I wanted to stay afloat between the COVID outbreak and my early 2020 layoff, so I started looking for license advisors. My previously stagnant $325K reserve has so far created significant returns from subsequent investments owing to expert leadership by my FA, who can be found online. I was fortunate to come across someone with her level of practical knowledge and years of experience, and she helped me.
@@trazzpalmer3199 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
Right now, I'm literally hanging on by a straw, so your advice couldn't have come at a better time! I'll look her up on the internet and then give her a call.
@@trazzpalmer3199 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Excellent interview. I never get tired from listening to Peter. Among all economic experts, Peter comes out as genuine and he also explains everything in plain language that people without economic background can also understand. I am a big fan of Peter.
I've often found Peter Schiff to be difficult to listen to. But, I very much appreciate the way Jordan kept him grounded in this interview. Well done gentlemen.
He’s fun to listen to, but if you look at his firms investment history he’s never made money for clients basically ever. He didnt even protect his clients when he called the housing bubble. Your better off buying a low interest t bill then giving this guy your money.
I did not enjoy this discussion. although Peter is incredibly consistent in his presentation and belief, I did not see an ability to discuss things in a more detailed manner. Imo he trying to push his book and offload gold because it’s crap.
@Gyrate keep betting against precious metals and lets see how well you've done in the next 5 years. But note: the past 5 years is not a reliable guide to the next 5 years.
@Gyrate you are delusional. How can you even think that efficiencies in technology could ever match the massive increase in money supply and debt? In just 18 months they increased money supply by around 50%! Do you think that car makers, hairdressers, hen breeders, petrol refiners etc. have increased their productions as much as the money supply has increased, and will continue to? If you do, then that's just ignorance and delusion.
I like his warning that Bitcoin will go to zero, for the past 8 years. That must be on record as the worst call ever since its gone up by thousands of percent.
Go Peter! Been following him for many years, back when he ran for office in Connecticut, and when he worked with Ron Paul on a Presidential run. Peter is the real deal.
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
@Brilliantrans I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?
@Brilliantrans 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.
Fantastic discussion around gold / crypto. Brilliant. Peter was a terrific guest offering a lot of insight on a wide range of relevant issues / opportunities. Great work as always Dr. Peterson. Thanks very much.
These two are fantastic together. Philosophy blended with real life truth. Theory and practicality. Please have Peter back in a few months to review what has transpired in the economy.
@@pianochannel100 Inflation is the expansion of the money supply. The resulting price increases are just that, price increases. There has been a disingenuous shift in the definition towards what I assume you define as inflation aka the price increases resulting from the expansion of the money supply. Peter covers this in the first 10 minutes.
It’s important to note that not all stocks are affected in the same way by inflation. It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $800k in a month during high inflation
I used to manage my stock portfolio by myself, all that time I did not make any significant returns (but also did not suffer losses). Then out of nowhere 2008 happened, and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have been learning a lot about the stock market and I have made up to $3M in returns
My advisor is “Sharon Louise Count”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
This is good advice if the market were honest but stocks and bonds are priced in dollars which is a fiat currency so if the dollar is destroyed your investments will also be destroyed.
Such a great interview. This by far the best explanation of inflation and with such important detail that I have heard. As someone whom isn’t as versed in these and would get very confused with the numbers, but wants to understand , I could follow this clearly. Most don’t know since they don’t understand how it works and usually explained in either over simplified terms or hyper convoluted. Thanks for the education!
Peter I’ve been following you for a decade, I’m extremely financially literate, a CPA and been in the financial sector for 12 years. I love your ranting and it’s all rationale, however for the new folks, just stay cognizant of slowing down, and allowing others to speak. This discussion was a good step in that direction. Keep up the great work!
I can't believe I'm seeing this! I've been inspired and highly influenced by these two amazing men for the past 5 years! Seeing this reminds me of the feeling I had when I finally saw Pacquiao and Mayweather face each other, hopefully this one doesn't disappoint 😆
Excellent interview, incredibly informative. Peter Schiff articulated something I only understood vaguely / intuitively, and I have a much better understanding of the topic now.
A global recession is a contraction in annual global per capital income, Essentially the world economy is considered to be in recession if economic growth falls behind population growth. my main concern is, How can we generate more revenue during quantitative times? I'm thinking of investing in stocks or digital assets. I have $130k I have currently set aside to put in the market, but I lack the in-depth knowledge, I can't afford to see my savings crumble to dust. Any clue ?
The truth is, Everybody is concerned about the market going down but refusing to take advantage of it. The best decision I ever made in my life was investing regardless of the market condition. I made over $118k with a start up of$ 39k in the last three months .
@@lisaollie4594 you are right, Recessions are where millionaires are created. my portfolio took a big hit in this season, I was forced to employ the services of an Investment analyst and everything changed, now I have accrued a profit of $250k for me. in a short period of time.
@@lisaollie4594 This recommendation literally came at the right time, I just looked up Kaitlin online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals. Information they say, is power. Thanks for this.
I lost a huge chunk of my portfolio while holding some coin last year,i also tried trading myself same losses. Pls are there any way I could make profits from the cryptomarket? I'm sick of holding
@Charlotte Dreymor The first investment I had with a professional named Kathleen Susan, generated over $20,500 after two weeks of trading and she's been consistent ever since.
@@Michaelwarmbierton Wow you know mrs Kathleen Susan. She also trades for me too.. She helped me grow my crypto portfolio from $10k to $220k within three months she's incredible.
Peter is a living legend the world needs more hard hitting smart straight shoots like Peter. Thank you both a superb conversation. The major threat is the suppression of free speech governments are planning to stop these exact intelligent discussions. Peter looks amazing in his suit and I note his huge respect for you Jordan and I must say your discussion/interviewing ability is at another level. Please would you guys catch up again like this in a month or so. This is a pure gold interview.
2 of my favorites! So glad this happened. Always learn a lot from the both of you. Professionals talking about professional things in a professional way, and educating the rest of us. Thank you guys!
Listening to these two intelligent men use rationality to inform us is a refreshing opportunity for all of us to learn, and a reminder of what is possible on TH-cam.
Taking a complex set of variables and boiling it down to basic easily understood coefficients is an art form which Mr. Schiff and Mr. Peterson excel at. Thank you for the talk men.
I've followed Schiff since his appearance on Joe Rogan in 2020. He's been a core influence on my worldview and the reason I started saving my capital in gold & silver. So awesome to see two of my favorite guys sit down for a conversation.
Be very careful, it's a scam. Read more sources on investing. All comodities like gold are constantly going down over the long run because it becomes cheaper to mine them or produce them. iron, copper, silver, tungsten, all of them are going down.
@@SharonOnTheNet all fiat currencies are perpetually going down due to the increase of the money supply by central banks, which is possible only because they are based on thin air
@@bryanzhao1 Excellent decision, I sold almost everything on the way up to 64k, back down again, bought a bunch more on the way to 69k, sold on the way back down and now I have only just started easing my way back in. We both did well. But which of us will do as well or better in the coming years? Obviously I don't think it will be anyone who listens to Peter Schiff on this particular piece of investment strategy, but I most certainly could be wrong. Indeed, I expect it's about 50/50 in the near- to mid-term. But ignore what happens in the next six months to two years and let's see where BTC, ETH, and a handful of other actually legitimate use-case tokens and networks are relative to gold stocks and hoards. I generally agree with him on just about everything else, by the way. I honestly think he's too smart not to see how his detractors regarding cryptocurrency make very good points to which he refuses to directly address. I don't know what his game is but I imagine he's playing at something because I prefer not to believe someone who is otherwise incredibly astute can be so obviously dense about what is as clear as day to anyone with a quarter his intelligence.
Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further
The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo
Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors who can help shape up your portfolio.
Having an advisor is essential for portfolio diversification. My advisor is HELENE CLAIRE JOHNSON who is easily searchable and has extensive knowledge of the financial markets...
Excellent podcast! Peter once again delivers. I first learn about him when he appeared on Joe Rogan and I've been following him and learning so much from him since 2020. I'm a Libertarian and preacher of Austrian economics thanks to him. You don't learn all this stuff in school unfortunately.
Love that Jordan has literally anyone on his show. Many people disagree with Shiff, I've followed him on and off since the Credit Crunch years. Great guy
I started listening to Peter in 2008 during the crash. He was one of the few people appearing on cnbc who made any sense at all explaining what had caused the whole mess. Everyone else refused to point a finger at the Fed or Govt as having provided the gasoline for the fire. The other guests all seemed to be reading from the same script as if their jobs depended on it.
First time I have ever listened to Peter Schiff‼️👍👍. Where have you been all my life??? Fantastic interview and Peter has a way of putting it that paints the picture succinctly thank you Doc‼️
Thank you Dr. Peterson for the excellent learning experiences you bring to us through these dialogues with your guests. I particularly enjoyed this given that it deals with economic issues. I really enjoy Dr. Peterson as an interviewer. Im guessing this is a part of the skillset he has honed through the many talking to people in his clinical practice.
As someone who has TH-cam Premium membership and listens to all my podcasts on this platform, I would high encourage people the get DailyWire Plus for JBP. That last 30 minutes or so for a lot of these people he interviews is pure gold. Worth the $15 a month, even if it’s only for one month. Peter Schiff is one those people.
I found the way they list their subscriptions supremely dishonest. The first subscription options you get are listed as dollars per month. So, you naturally assume that you're paying for a monthly subscription. "Cancel at any time," it says. BUT, they have in small letters at the bottom, "billed annually." So, while it says X per month, it's actually a full year subscription, and you can "cancel at any time," but you've already paid for a year. The _actual_ monthly subscription is the last one they list. That is just beyond scummy to me, as it feels like they are blatantly trying to trick people into yearly subscriptions while presenting it as a monthly subscription. When I saw that, I refused to pay them, as it shows their fundamental lack of decency or honesty.
At 35:00 I took that advice 2 years ago just to see if it worked. At the end of 2020, I bought a 5 gallon jug of dawn dish soap for $53. Now that same jug of dawn at the same store is $79. In case anyone was wondering, my family of 5 has used half of it in a little more than 2 years.
I love just hearing your intro, get the hell up, been saying that for year to my grandson. I started just sharing your message. Today he asked about a job. Yeah
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
@@gracesdonny1532 Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
@@PhilipMurray251 I am being advised by ELIZABETH KELLS STEWART , an experienced financial professional. If you're interested, you can easily find more information about her as she has accumulated years of expertise in the financial market.
I tried to explain how many definitions were changing in dictionaries for political and culture war reasons and found that the gen z people I was talking to (at work) didn't think it was a problem even though those definition changes ran counter to their interests. It seems they thought it was a small and esoteric problem compared the the issues they were most interested in. I suppose that they were also simply used to those definitions as they hadn't know others.
They're thoroughly ignorant of totalitarianism and have a normalcy bias and likely a "that can't happen here, that's a conspiracy theory" cope reaction to it even if you elaborated. Their generation has been conditioned to accept and even welcome it like possibly no other in history.
One of the best interviews I've ever heard! And not one single commercial! Truly elegant! I like hearing Jordan Peterson better when he interviews other people than when he's being interviewed! And I mean that in the highest sincerity! Jordan Peterson is a great interviewer, because he knows who to interview, why, and he knows how to ask all the right questions! He's patient, sound-minded, sincere, and a brilliant interviewer and thinker! And thank you to Peter Schiff for dedicating his time to the better knowledge of mankind! Many thanks to the both of you! - Robert Todd Springfield Smith
"There's no better pathway to self-realization and the ennoblement of being than to pause at the highest good that you can conceive of and commit yourself to it." ~Jordan Peterson
Thanks Jordan I really appreciated the opportunity to speak with you and connect with your audience. I hope they enjoyed our discussion.
Love you, Peter! You and Jordan should tour together- maybe an appearance at Porcfest one of these years? Viva Mises.
Very well communicated, thank you for taking the time to really drive home how serious this is going to be
Mr. Schiff, excellent discussion, I subscribed to your channel, thanks~
Thanks for doing the interview. Your dad's book "How an Economy Grows" altered the direction of how I see the world.
I have been dying for Jordan to speak with you, David Stockman, or Dr. Bob Murphy from Mises Institute. Tom Woods from the Tom woods show would be great as well. Most of all, I would THOROUGHLY enjoy an discussion with Dr. Walter Block on the praxeology or someone like Hans Hermann Hoppe on private property. Those would be deeply philosophical and I think he would see how much his maps of meaning dovetails with Mises' understanding of Human Action.
As a lad who's followed both these guys for years and years... I never would've thought back then that these two worlds would collide. What a time to be alive.
I completely agree with you there bud. They are like the 2 most sexiest human specimens alive no lies, only truth
Same here, been waiting for them to collaborate since Peter did an interview with his daughter a year and a half ago
I thought the same thing as soon as i saw the thumbnail.
Peter really sounds schtiff here though. Not like his usual self
No one ever taxed their way to prosperity? Oh REALLY? What do you think paid for the great land grant universities and the GI Bill, that brought the greatest period of solid economic prosperity in US history? Why do people repeat these slogans?
Taxes today don't bring prosperity tomorrow, no. Even building the nation's airports and highways didn't result in overnight prosperity.
He's selling snake oil.
The quality of education I keep getting from this channel…for free…thanks
Government's 'education' is to create useful idiots to be used as Climate Jugend and Green Shirts
MUCH better then the CBC, and 1.2 Billion a year cheaper..
Congratulations brother. Information is power.
السلام عليكم اخي الفاضل بالله يأهل الخير يا عباد الله نحنا أيتام بنات اولاد صغار مع أمي مريضه محتاجه دواء حتى تأمين صحي قطعو عنها لدي تقرير طبي يثبت كلامي اناشدكم بالله محمد رسول الله ترئفو وضعنا والله بل الحاجة ربي بيشهد على كلامي أمورنا سيى لقمه العيش مانحصل معيشه صعبة أقسم بالله أنو صاحب البيت طردنا من البيت سبب تركم الايجار علينا والله قاعدين غرفه عبارة عن توثه أقسم بالله العظيم مرقت ظروف مايعلم فيها غير الله قاصدتك تساعدني الأيام الصعبة التي تمر بنا أختكم بالله طالبي العون والمساعدة منك وجه الله تعالى،
It's not for free. It makes you responsible for its use.
Man... What's so great about JP's interviews is that he brings his therapist style to it, meaning he actively listens, lets his guests speak, and has them systematically break down the complexity of their ideas for his viewers to understand. We don't get that with a lot of modern day journalists.
Thank you for your hard work on these interviews, Jordan.
What an interview! Excellent. Listening to Peter never gets boring for me. Among all economic experts, Peter stands out as being sincere and explaining everything in terms that anyone with no background in economics can understand. Truth is , there is a perfect storm forming in America. Inflation, sever drought in the farm belt, the pandemic, food shortages, diesel fuel and heating fuel shortages, baby formula shortage, shortage of and price of available cars, the price of housing. It's all coming together and could lead to real disaster toward the end of this year.(or sooner)
🤖 comment! 26 minutes and 700 likes lol
Precisely! And the solution? For government to greatly reduce itself thus reduce it's power, and get out of the way of most if not all economic activity.
Thomas Sowell believes the Fed ought to be eliminated 🤓🤩
@@Andersonstew
Thomas Sowell and answer all your questions 🤩
Crazy lol? There is already AI here to spread propaganda or make advertisement among us. Be weary guys dont trust the machines. Humans are now forced to stop behaving like NPCs so we can differentiate us from machines better. What a time to be alive
The manipulation of the markets is unbelievable , In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65
Working with a reputable investing coach is now the greatest market approach. Since a while ago, I've been in contact with a coach, mostly because I don't have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize
We are living in an age where access to information is just a click away, and with it comes the potential to amass wealth. I have personally witnessed individuals who were able to accumulate vast fortunes from the Dotcom crash and the 2008 financial crisis. As I explore opportunities in the current market, I am reminded that we too are only just an information away from finding our own path to financial success, could this coach that guides you help?
I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy “CHRISTINE ANN PODGORNY” a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.
Upon finding her, I initiated contact through email and scheduled a call, eagerly awaiting her reply. My objective is to kickstart the year 2023 with a favorable financial outlook.
I'm so happy you interviewed Peter. I hope people listen and find Peter on TH-cam if they want to learn about money and want the honest truth.
Peter Schiff is so brutally honest about the state of the financial markets that nobody invites him to their show. If you ever wonder why prices are the way they are, how ponzi schemes thrive and how utterly financially illiterate the American politicians have become, check him out. His honesty has cost him airtime and presence. Peter's understanding of the true cost of a" free lunch" and what it means to those who recieve it are frightening
Frighteningly factual indeed
Like with every institution if there's no honesty at the top, it will fail
The problem is the more I learn about our politicians the more hope I lose in the system working. The rich get richer and lie their ass off while we are fighting over gun rights and trans bs
Peter's father Irwin died of cancer as a political prisoner of the US government. Peter and his family have paid dearly for their honesty. None of that is mentioned here.
Exactly right, he's also 100% correct about bitcoin and it being nothing more than a pump & dump ponzi scheme.
While watching this interview, one realizes that JP is not only an excellent orator but also an excellent listener. His ability to summarize Peter's long explanations into a succient summary was self evident and amazing.
Was thinking the same thing, I know Jordan Peterson is extremely intelligent but with how things are nowadays it’s refreshing to hear a clear understanding of economic forces, from a psychologist no less. Able to repeat and consolidate the information Mr. Schiff is presenting
Any comments on the discussion or just flattery?
Praise != flattery. Any actual criticism or just petty nitpicking?
He does that across topics and guests. Amazing ability to distill and summarize even complex ideas for the audience.
Listening is a skill. Repeating the message is verification of correctly received communication. Like a parity check in data transmission.
This was the most informative financial interview I have ever seen. Shouldn’t graduate high school without this. Great questions, great answers.
Also search The Money Masters, and The Biggest Scam Mike Maloney. Those videos should be seen by EVERYONE, to fully understand what's going on.
Phew! Finally someone who explains economics in a manner that anyone can understand. I had pretty much given up trying to understand. Thanks to both you gentlemen!
Hopefully there is a housing market crash. Normal people are priced out of buying homes.
Economics is not conceptually difficult if you always frame the question in terms of what are the incentives operating in the problem and it's potential solutions. Economics is the psychology of incentives and the behavior it produces.
Where you at? Advisor in Ontario here, happy to help.
You should watch Peter’s podcast. He drops so much knowledge on economics / investing but also on politics, current events and history. He’s one of the rare persons that changes your way of thinking and not just your knowledge base.
This was a very pleasant surprise to see Peter on this show!!! These guys are the best!!
Wow I can't believe these two came together for a discussion. Two of my favorite thinkers. Thank you guys.
I’ve never seen Peter so relaxed
His wife really had him dial back since he was on Peterson's show.
Probably because Jordan let’s him talk and doesn’t interrupt him every 10 seconds
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April of 2022 alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment? I can't afford my hard-earned $180,000 savings to turn to dust
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, JANETTE ALEXANDREA ALIMI, whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $300k since November 2022.
@@Alejandracamacho357 I could really use the expertise of these pro advisoRs , my portfolio has been down...who’s the person guiding you?
I personally work with "Janette Alexandrea Alimi'' she covers things like inveesting, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
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.
Jordan is a brilliant listener, he seems to be effortlessly able to summarise a long explanation statement into a sentence or two without misrepresentation or omission. Truly wisdom is in one's ability to listen, learn, critique, find the questions remaining, and recall in application or summarise simply. If someone can simply and honestly summarise with veracity, you know they understand the subject or statement. They are likely able to explain why it is true or false, it doesn't matter if everyone or no one believes him, that's a "you problem". Essence of humbleness. The wise are respectfully humble.
I think they both knew already what they were going to say. JP is definitely a pro listener however I’m pretty sure he prepared for the interview in advance.
He’s a complete fraud who says nothing but uses hundreds of words to say it. He goes to Serbia and Moscow for quack medical treatments.
his mind is amazing
Ron Paul was possibly the only honest politician but he was honest
His son is also honest. Rand Paul would make a terrific president. Sadly, it will never happen.
I stand with Rand.
He was wonderful 🤍
I remember listening to Ron Paul back in 2007~8. He recomended The Law by Frederic Bastiat. I became a libertarian like in a month or two.
I was a Ron Paul delegate and so was my husband in 2008.
Peter Schiff is amazing - he's so articulate and yet uses so many analogies or references to drive the point home.
Exactly, he's trying to reach the maximum amount of people.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That's impressive! I could really use the expertise of this advisors, my portfolio has been down bad. how can I contact them?
'Whitney Kay Stacy' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
I have been watching Peter Sciff interviews for 10 years and I have never seen someone as adept as JBP at restraining his run on strings of thought and pressing him to respond to specifics to keep it a back and forth conversation
Felt the same way. I understand what Schiff says, but I feel that for someone who's more or less oblivious about economics or the history of economic policy, he's talking gibberish most of the time. Peterson keeps him in check in that regard.
yea, I really enjoyed the way the interview went.
@@gspolima Do you know what school of economics Peter subscribes? I'm curious if you know, if you do, please explain why you disagree with them.
What school/s of economic thought are you familiar and do you follow? That way I'll understand how you understand economic history and policy.
That way I can explain to you how your statements are incorrect.
Thanks!
@@timsession6736 what are you talking about. He's an Austrian. Read the guys text again
@@timsession6736 he pushes gold.... there is his agenda
I admire Peter and Jordan. You can learn a lot from their podcast. Here's an anecdote: a few years ago, I opened an IRA account with Europacific Capital, which is led by Peter. When I was planning to move some funds to hyperbolic startup , Peter personally called me on my cell phone. It took me a while to believe it was him, but I really appreciated his phone call , he gave me 10 minutes lecture . it meant a lot. He was right - I preserved part of my wealth with his advice, and his recommended stocks are performing decently in this chaotic market.
I’m not a wealthy individual and possible that transaction was too little for him to give me a call but he took the time to do it . He is honest investor in this hyperbolic , hyper optimistic , unrealistic market and not afraid to hurt any feeling . Listen his podacast you would learn a lot with a touch of sarcastic humor .
I am a homeowner (who is satisfied with my home / no intention to move) and yet I'm still terrified by the insane explosion in home prices over the course of the past 3 years; primarily because I have three young children and I would like for them to be able to buy their own homes one day as well. Homeowners who get happy when the (supposed) "value" of their homes explodes upward are being shortsighted. The middle-class being priced out of the dignity of homeownership isn't good for any of us, whether we already own our homes or not.
See, the problem is, our wages haven’t increased to account for these things. They didn’t touch on this.
@@PastaSausta wages don't necessary need to increase but the cost of goods have to go down. It's what you keep at the end of the month that counts.
The only ones who benefit from rising home prices are Banks (greater interest payments) & Government (increased property taxes). The homeowner gains nothing! Think about it, what have you gained? Home equity, so what. Allows you to take a home equity loan (more debt), bad idea. If you want to sell your home because the price went up, so did the price of the home you want to buy. Again, the homeowner gained nothing.
@@profit-engine8001 what if you sell your home and buy in a cheaper market with a potential for growth in the long term?
@@_nimrod92 The principle of selling and relocating to a lower cost market still applies, even without inflating home prices.
Saw a joke once, that Peter Schiff predicted 30 of the last 4 economic crises. Nice to see him reaching new audiences though. As a long time watcher of Schiff in the economic space, I'm excited to see Jordan interview him in particular because of his excellent active listening skills instead of seeking soundbites.
I have a broken clock that correctly predicts the time twice daily.
peter hasn't been predicting economic crises or recessions, he's been predicting the death of the dollar. Two completely different things if you actually understand what he's saying.
Been following Schiff since he appeared on Joe Rogan for his 2nd time back around 2015. He’s brilliant on free market and economics although I prefer Thomas Sowell. This is neat, what more evidence do people need to hate government?
@@tonyw205 It's really one and the same recession that he has been predicting for a long time, and he has admitted that he is suprised that it has taken so long for these problems to emerge. The core analysis that he has always given yhough is a sound one, namely that you can't build an economy on super low interest rates, ever increasing levels of debt etc. Most understand that that is something that can't go on forever, but it is quite impossible to predict exactly when the end of the line will be reached.
Schiff has been very accurate on the US and World Economy. He could NEVER have predicted the US Swamp filled Govt would ever unleash $30T into the economy to push the can down the road. When I first listened to Schiff the average cost of a US Home was $125K. A new car $10K. Health Ins $80 a month. Tuition $5K a year. Rent $500 a month. Food $ half of what it is now. Gallon of gas $1. Shall I go on ? Average price for a US Home today is $425K. That was a luxury home on the Ocean when Schiff was first sounding the warning alarm. Listen Mr Smugly- imagine you are a 26 year old college grad today getting married & starting a family. These kids must be terrified.
How fortunate we are to be able to eavesdrop on the conversation of these two brilliant men.
Thank you TH-cam....at least for that.
Love listening to brilliant minds; so much garbage being fed to the ignorant and they're sopping it up. Sick!!
Nobody... Is eavesdropping... These men... Recorded the whole thing... For you to listen... And sell advertisements... Fool...
'Women are right, and men are wrong' -Petersimp
@@bleachdiet559 When great men led this nation the country was great.
"Inflation is just another tax". My respect to Peter Schiff! ❤
A better one:
"Counterfeiting is criminal inflation"
"Inflation is legal counterfeiting"
Robert Breedlove
Why do you still support taxation (government)?
A staggering amount of information is contained in this interview. Can’t wait to listen to the whole thing!
Just remember that Shiff has been wrong about A LOT and you can't take his word for things.
@@GalactusOG Your statement is true, and of course true about every human being on earth. However, I can find ZERO flaws in his definition of inflation, nor in his analysis of its fundamental causes.
@@MrfishlouThe definition of inflation and it's causes are not some unknown thing. It's all fairly basic.
@@GalactusOG Most people don't even understand the basics of money and are living paycheque to paycheque, so people like that need a better understanding of inflation.
A staggering amount of misguided information..."tips for newbies"..."Buy my funds"...😅
So happy to see two of my favorite people speak with each other! Thank you Jordan and Peter for all you do! God Bless!
Peter is never boring. Can always listen to him, because he explains the best
He knows how to sell but trust me he's not 100% accurate. Definitely has his own interests in mind often times. He's extremely smart and aware of current events but biased towards certain investment( like gold) . Always in my roster of economists to listen too but I don't want u to miss the rest, there are some things he's just not knowledgeable of yet( he's said himself like blockchain)
@C Hen hm not really. The only thing he got wrong was btc price wich he admitted many times.
Actually that´s the only thing he is right with. Crypto is a huge ponzi scheme, obv. But all those other crisis are serving his purpose of selling his zero-profit-funds.
@chen661 He's a "sky is falling" soothe sayer for those who love doom and gloom stories. That's all they are is stories. I see Peter Schiff and scroll past
Yeah, Peter is like an economist, historian, philosopher and professor, all in one. I've learned so much from him, since 2008.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@@hermanramos7092 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@@kenanporubsky2122 My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
This conversation should be required learning for every econ 101 student.
it shouldn't because it is wrong. they have no real understanding on how monetary system works
@@Robis9267 explain it Einstein 😂
@@Robis9267That’s why they’re taking econ 101, to learn how it works. 💀
The ability to disseminate complicated, technical material so that it's accessible and understandable to hillbillies like myself, might be Dr. Peterson's greatest contribution to this age. I'm forever grateful.
Russia backed its currency with gold over 20 years ago, and developed oil, gas, fertilizer, grain, and now is independent from the west 😂.
The sanctions placed by the west are damaging the west, and Putin asked to join NATO 20 years ago, but USA and Europe needed a scapegoat.😂
Even Vladimir Lenin said the best way to destroy Capitalism was to debauch the currency. I don’t see what is so complicated. It even brought down the Roman Empire.
As usual Peter hits it out of the park. I’ve been reading and listening to Peter since 2008. Having Jordan interview him opens up a massive audience to his rational libertarian commentary about the state of economic affairs in the USA and Canada.
Thanks Jordan! Keep up the phenomenal work.
Have you tried any of his investment products? I’m considering europac
@@lacticaddictluke If you're a smaller investor it's a lower entry amount to get into the funds through Charles Shwabb then it would be directly though them. Cheers
I really enjoy the education from good people, who’s with it!
Peters book: How an Economy Grows and Why It Crashes, has to be one of the best and most accessible books ever written on economics.
Peter is an absolute legend and I know JP has stated he's been working on understanding economics better; well he'll be hard pressed to find a better teacher than this. 👏👏👏
Schiff says some true things, but when it comes to macroeconomics and the global banking system, I think he's stuck in a sophomoric understanding. Remember, he's he's gold salesman, he will always be saying that the dollar will collapse.
Peter is an insufferable con artist.
@@dalejames486 Unfortunatel this is true. But it's a little ask to make your mind up about this yourself. The rest is really sound information and it's free
@@dalejames486 on the flip side the banks, federal reserve and government constantly tell us we have a sound banking system and they can “avoid” a collapse and unlike the gold salesmen the others control the system
@@YHirschmeier What? If you think what he’s saying is good information, then how could retailing gold be a problem?
Businesses buy at wholesale prices and sell at retail prices.
He’s not selling his own gold.
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
In the world of fina-nce, rece-ssions are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been inval-uable in my journey towards finan-cial success.
@@joshbarney114 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@harwellron1289 My Financial adviser is ‘’Colleen Janie Towe’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial mark
@@joshbarney114 thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
Man I enjoyed this one Jordan. More investment and economics podcasts please.
FINALLY PETER SCHIFF. WHAT TOOK SO LONG!! Much love. True Libertarian Economist. Better than any economist.
I think Jeff Booth and Robert Breedlove do even better.
@@dustinabc Not a chance.
Sowell BTFO's them all. ❤
@Publius I like Sowell, but he just doesn't make as much content as Peter, so I've learned a lot more by watching Peter because he just puts a lot more content out there lol, but I did really enjoy reading Sowell's books that's for sure
Peter Schiff is not an economist.
Milton Friedman was superior imo. Not only as an economist who put forward theories and advanced economic science, but also as a communicator who made economics and free market ideas accessible to anybody.
I’ve been waiting for this podcast since 2017
1:50 - Peter Schiff's antecedents. Called the housing crises 2008
3:20 - Inflation as a massive threat
4:20 - Career politicians only care about themselves. Care primarily about re-election.
6:00 - National interest is sacrificed by politicians. Politicians are very good liars. Same thing with Lawyers.
8:50 - Introducing FIAT Money.
9:00 - Defining Inflation "Expansion of the money supply"
16:20 - Quantitative easing just another way of saying INFLATION
19:20 - Good Debt vs Bad Debt
22:00 - How is inflation calculated? A big Fraud. Change in CPI - Consumer Price Index
31:05 - Illusions, deceit, dishonety of politicians.
32:00 - Massive weight of the U.S GOVTS DEBTS.
36:00 - Borrowing from the future. Times where its permissible.
38:05 - "Stealing from the future"
43:30 - Substitute money.
43:50 - "The DOLLAR is the cleanest shirt in the hamper" LOL
44:50 - Why the Govt is the biggest debtor
- 48:00 "America lives beyond its means because of the dollar STATUS"
50:09 - Jordans summary for this segment
51:10 - Where do we go when the DOLLAR FAILS????
52:10 - The alternative for the dollar is GOLD! Gold works as money
56:30 - GOLD and its intrisic value.
Thank you.
I appreciate you ❤
Much appreciated ❤❤
🙏🏾🙏🏾🙏🏾
Nice man
Love Peter, thanks for having him on JP.
Peter may be considered a Permabear, but he was educated just like I was on how efficient capital markets should work.
Sadly big government has been growing ever since 08, and they are essentially asset stripping the low and middle class via poor government spending, and through increasing money supply.
Lol
The Federal Reserve System is Big Government so at least since 1913. It is an economic system that need crisis after crisis to stay in power.
the situation is PERMA bearish, the problem is as always one of timing.
"he was educated just like I was" how and where did you receive such education?
@@kanaikid619 lmao fr
Mr. Jordan Peterson your academic honesty in regard to substantive modern, historical, moral, & social issues is so compelling and thought provoking. Thank you.
We enjoyed the crystal clear discussion in 'Economic Storms are Coming', featuring the esteemed Mr. Peter Schiff and Dr. Jordan B Peterson. Both Schiff and Peterson are true luminaries in their fields - business, politics, economics and psychology.
Schiff's relentless commitment to promoting economic literacy and his tenacity in the private sector, particularly with his gold business and numerous financial ventures, are a testament to his dedication. Beyond his entrepreneurial endeavours, Schiff's commitment to providing a financial safety net for the public highlights his role as a protector of the public's financial well-being and solidify his role as guardian of public economic, business, and economic health. His comprehensive and intricate radio streams and podcasts may be complex, but they reflect his commitment to sharing valuable insights with the public. Additionally, Schiff's deep sense of political responsibility to elucidate public understanding on governance issues is truly commendable. His forthright communication of ethical governance principles has become a cornerstone for many. Our hope is that the excellence in teaching that Mr. Schiff demonstrates, whether it's in Austrian economics, business, or politics, is recognized universally. We wish that one day the Austrian School of Economics considers awarding Mr. Schiff with an honorary degree to respect and acknowledge his status as a teacher or professor of the world in these critical domains of business, economics and political theory, if not at the very least in economics. We eagerly anticipate more of such compelling and enlightening discussions."
Similarly, Dr. Peterson, a true Canadian hero, tirelessly advocates for his fellow citizens. His unwavering support for free speech and his efforts to promote critical thinking resonate with many, making him a beacon of hope in these challenging times.
Both Schiff and Peterson, in their unique ways, demonstrate an unyielding commitment to public service, public safety and intellectual enrichment. As pertaining to Canada, this commitment is echoed by Pierre Poilievre, who has emerged as a significant figure for his people and for humanity as part of his own heroic journey.
We hold immense appreciation for their tireless efforts to foster understanding and encourage forward-thinking in their respective domains.
It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.
@Finest Bear Hug People do downplay the importance of expert counselors up until they experience the consequences of their errors. I wanted to stay afloat between the COVID outbreak and my early 2020 layoff, so I started looking for license advisors. My previously stagnant $325K reserve has so far created significant returns from subsequent investments owing to expert leadership by my FA, who can be found online. I was fortunate to come across someone with her level of practical knowledge and years of experience, and she helped me.
@@trazzpalmer3199 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
Right now, I'm literally hanging on by a straw, so your advice couldn't have come at a better time! I'll look her up on the internet and then give her a call.
@@trazzpalmer3199 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
thank you Jordan for the reasoned interview with Peter, this was the best interview I have ever heard with him
Excellent interview. I never get tired from listening to Peter. Among all economic experts, Peter comes out as genuine and he also explains everything in plain language that people without economic background can also understand. I am a big fan of Peter.
He's the Henry Hazlitt of our age- actually, he's the Irwin Schiff of our age.
Been enjoying Peter's takes for a long time. Good stuff.
@@gyratedotorgnot true
Schiff is right about plenty he's also a gold shill who doesn't own very much gold, and who attacks bitcoin for attention.
I’d love to see a convo between him and Milton Friedman. ❤️
I've often found Peter Schiff to be difficult to listen to. But, I very much appreciate the way Jordan kept him grounded in this interview. Well done gentlemen.
I remember when Peter predicted the fed was going to call inflation “transient inflation.” They called it “transitory,” but he was on point.
He’s fun to listen to, but if you look at his firms investment history he’s never made money for clients basically ever. He didnt even protect his clients when he called the housing bubble. Your better off buying a low interest t bill then giving this guy your money.
I did not enjoy this discussion. although Peter is incredibly consistent in his presentation and belief, I did not see an ability to discuss things in a more detailed manner. Imo he trying to push his book and offload gold because it’s crap.
Peter is smart. He knows everything,he thinks.
@@teridacktaljones4553 yeh, smart in that he got on to Jordan Petersons podcast so he could shill his gold and mutual fund
Peter said not buy bitcoin when it was 10 USD.
Always happy to see more people exposed to Peter, I hope more people start listening to his warnings
@Gyrate why are brics nations/central banks buying gold at record rates? are precious metals being printed? 😂
@Gyrate keep betting against precious metals and lets see how well you've done in the next 5 years. But note: the past 5 years is not a reliable guide to the next 5 years.
@Gyrate you are delusional. How can you even think that efficiencies in technology could ever match the massive increase in money supply and debt? In just 18 months they increased money supply by around 50%! Do you think that car makers, hairdressers, hen breeders, petrol refiners etc. have increased their productions as much as the money supply has increased, and will continue to? If you do, then that's just ignorance and delusion.
He's been saying the same warnings (plus piss poor investment advice return wise) since 2001.
I like his warning that Bitcoin will go to zero, for the past 8 years. That must be on record as the worst call ever since its gone up by thousands of percent.
Go Peter! Been following him for many years, back when he ran for office in Connecticut, and when he worked with Ron Paul on a Presidential run. Peter is the real deal.
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
@Brilliantrans I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?
@Brilliantrans 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.
Fantastic discussion around gold / crypto. Brilliant. Peter was a terrific guest offering a lot of insight on a wide range of relevant issues / opportunities. Great work as always Dr. Peterson. Thanks very much.
These two are fantastic together. Philosophy blended with real life truth. Theory and practicality. Please have Peter back in a few months to review what has transpired in the economy.
I'd rather he talk with Jeff Booth about economics when he chooses to have a discussion on economic ideas again.
I learned a few days ago: Inflation is legalized counterfeiting, and counterfeiting is illegal inflation.
Robert Breedlove on Tom Bilyeu's (sp?) channel?
Lol no it's not.
It sounds cool and I'm sure you'll get a lot of likes. But really it isn't
Inflation is not a legalized "thing" it is a resulting symptom of printing money. Counterfitting is not illegal just because it causes inflation.
@@pianochannel100 Inflation is the expansion of the money supply. The resulting price increases are just that, price increases. There has been a disingenuous shift in the definition towards what I assume you define as inflation aka the price increases resulting from the expansion of the money supply. Peter covers this in the first 10 minutes.
Just like Direct taxation and Freedom cannot coexist.
It’s important to note that not all stocks are affected in the same way by inflation. It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $800k in a month during high inflation
I used to manage my stock portfolio by myself, all that time I did not make any significant returns (but also did not suffer losses).
Then out of nowhere 2008 happened, and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have been learning a lot about the stock market and I have made up to $3M in returns
I've been thinking of going this route of using an advisor. Could you recommend yours?
My advisor is “Sharon Louise Count”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
I searched her name and her website popped up immediately on google, interesting stuff so far, about to schedule a session with her.
This is good advice if the market were honest but stocks and bonds are priced in dollars which is a fiat currency so if the dollar is destroyed your investments will also be destroyed.
Thanks for having Peter Schiff on the podcast JP! Big fan of Peter. He’s one of the few economists speaking the truth.
Thank you so much Mr Peterson for your presence on this planet🙏🙏🙏🙏🙏
Such a great interview. This by far the best explanation of inflation and with such important detail that I have heard. As someone whom isn’t as versed in these and would get very confused with the numbers, but wants to understand , I could follow this clearly. Most don’t know since they don’t understand how it works and usually explained in either over simplified terms or hyper convoluted. Thanks for the education!
Peter I’ve been following you for a decade, I’m extremely financially literate, a CPA and been in the financial sector for 12 years. I love your ranting and it’s all rationale, however for the new folks, just stay cognizant of slowing down, and allowing others to speak. This discussion was a good step in that direction. Keep up the great work!
I just disagree. With a giant like him, people need to keep up or go back and watch it again in slow motion without complaining.
Jordan Peterson is really an amazing guy, bringing everything to light and being a man of truth. Thank you for your work over the years.
I can't believe I'm seeing this! I've been inspired and highly influenced by these two amazing men for the past 5 years! Seeing this reminds me of the feeling I had when I finally saw Pacquiao and Mayweather face each other, hopefully this one doesn't disappoint 😆
"Inflation is taxation without legislation" Milton Friedman
That's theft
Excellent interview, incredibly informative. Peter Schiff articulated something I only understood vaguely / intuitively, and I have a much better understanding of the topic now.
A global recession is a contraction in annual global per capital income, Essentially the world economy is considered to be in recession if economic growth falls behind population growth. my main concern is, How can we generate more revenue during quantitative times? I'm thinking of investing in stocks or digital assets. I have $130k I have currently set aside to put in the market, but I lack the in-depth knowledge, I can't afford to see my savings crumble to dust. Any clue ?
The truth is, Everybody is concerned about the market going down but refusing to take advantage of it. The best decision I ever made in my life was investing regardless of the market condition. I made over $118k with a start up of$ 39k in the last three months .
@@lisaollie4594 you are right, Recessions are where millionaires are created. my portfolio took a big hit in this season, I was forced to employ the services of an Investment analyst and everything changed, now I have accrued a profit of $250k for me. in a short period of time.
@@lisaollie4594 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with ?
@@roseroland1998 My advisor is “KAITLIN ROSE STERNBERG” You can easily look her up, she has years of financial market experience.
@@lisaollie4594 This recommendation literally came at the right time, I just looked up Kaitlin online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals. Information they say, is power. Thanks for this.
Peter has just found a new customer in Jordan. This crash course in economics has been educational & at the same time enlightening.
These 2 guys changed the way I view a lot of things
This is the tipe of education everyone needs . Thank you Jordan , thank you Peter !!!
I lost a huge chunk of my portfolio while holding some coin last year,i also tried trading myself same losses. Pls are there any way I could make profits from the cryptomarket? I'm sick of holding
@Charlotte Dreymor I think trading is easier with a professional mentor, it helps reduce the chance of running into losses.
@Charlotte Dreymor The first investment I had with a professional named Kathleen Susan, generated over $20,500 after two weeks of trading and she's been consistent ever since.
@@Michaelwarmbierton Wow you know mrs Kathleen Susan. She also trades for me too.. She helped me grow my crypto portfolio from $10k to $220k within three months she's incredible.
@Laura Holloway I was trading fairly a small account with her and got over 340% within one month. She’s Killin it in trading.
I've been seeing a lot of mrs Kathleen’s awesome achievements all over TH-cam. Is she really that good?
Peter is a living legend the world needs more hard hitting smart straight shoots like Peter. Thank you both a superb conversation. The major threat is the suppression of free speech governments are planning to stop these exact intelligent discussions. Peter looks amazing in his suit and I note his huge respect for you Jordan and I must say your discussion/interviewing ability is at another level. Please would you guys catch up again like this in a month or so. This is a pure gold interview.
Oh wow! My two favorite people on the planet that I have never met! By a long shot. Thank you good sirs for all the wisdom
2 of my favorites! So glad this happened. Always learn a lot from the both of you. Professionals talking about professional things in a professional way, and educating the rest of us. Thank you guys!
Listening to these two intelligent men use rationality to inform us is a refreshing opportunity for all of us to learn, and a reminder of what is possible on TH-cam.
Taking a complex set of variables and boiling it down to basic easily understood coefficients is an art form which Mr. Schiff and Mr. Peterson excel at. Thank you for the talk men.
Thanks for having Peter on your widely viewed show! Educate and inform the people, one at a time! Or reach 6.9 million at a time!
I couldn't stop watching this! I love how Jordan is actually trying to learn while informing us!
I've followed Schiff since his appearance on Joe Rogan in 2020. He's been a core influence on my worldview and the reason I started saving my capital in gold & silver. So awesome to see two of my favorite guys sit down for a conversation.
And you likewise probably avoided bitcoin like the plague. You'll be cursing Schiff's name for that someday
Be very careful, it's a scam. Read more sources on investing. All comodities like gold are constantly going down over the long run because it becomes cheaper to mine them or produce them. iron, copper, silver, tungsten, all of them are going down.
@@SharonOnTheNet all fiat currencies are perpetually going down due to the increase of the money supply by central banks, which is possible only because they are based on thin air
@@reshpeck I know I'm not. Started listening to Schiff for the same reason and I sold my bitcoin at like 50k.
@@bryanzhao1 Excellent decision, I sold almost everything on the way up to 64k, back down again, bought a bunch more on the way to 69k, sold on the way back down and now I have only just started easing my way back in. We both did well. But which of us will do as well or better in the coming years? Obviously I don't think it will be anyone who listens to Peter Schiff on this particular piece of investment strategy, but I most certainly could be wrong. Indeed, I expect it's about 50/50 in the near- to mid-term. But ignore what happens in the next six months to two years and let's see where BTC, ETH, and a handful of other actually legitimate use-case tokens and networks are relative to gold stocks and hoards.
I generally agree with him on just about everything else, by the way. I honestly think he's too smart not to see how his detractors regarding cryptocurrency make very good points to which he refuses to directly address. I don't know what his game is but I imagine he's playing at something because I prefer not to believe someone who is otherwise incredibly astute can be so obviously dense about what is as clear as day to anyone with a quarter his intelligence.
Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further
The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo
Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors who can help shape up your portfolio.
Please i want to learn how to manage and invest my resources, can you leave behind the name of the F/A guiding you
Having an advisor is essential for portfolio diversification. My advisor is HELENE CLAIRE JOHNSON who is easily searchable and has extensive knowledge of the financial markets...
Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call.
Excellent podcast! Peter once again delivers. I first learn about him when he appeared on Joe Rogan and I've been following him and learning so much from him since 2020. I'm a Libertarian and preacher of Austrian economics thanks to him. You don't learn all this stuff in school unfortunately.
Love that Jordan has literally anyone on his show. Many people disagree with Shiff, I've followed him on and off since the Credit Crunch years. Great guy
I started listening to Peter in 2008 during the crash. He was one of the few people appearing on cnbc who made any sense at all explaining what had caused the whole mess. Everyone else refused to point a finger at the Fed or Govt as having provided the gasoline for the fire. The other guests all seemed to be reading from the same script as if their jobs depended on it.
The Peter Schiff Was Right videos are still a must…
My personal favourite is his walkabout in the Occupy protest, dunking on dumb left wingers.
First time I have ever listened to Peter Schiff‼️👍👍. Where have you been all my life??? Fantastic interview and Peter has a way of putting it that paints the picture succinctly thank you Doc‼️
Thank you Dr Jordan Peterson for being a positive role model much Respect
One of the best interviews I've ever heard.Thank you.
Thank you Dr. Peterson for the excellent learning experiences you bring to us through these dialogues with your guests. I particularly enjoyed this given that it deals with economic issues. I really enjoy Dr. Peterson as an interviewer. Im guessing this is a part of the skillset he has honed through the many talking to people in his clinical practice.
Peter Schiff is one of the greatest minds on 21st century
As someone who has TH-cam Premium membership and listens to all my podcasts on this platform, I would high encourage people the get DailyWire Plus for JBP. That last 30 minutes or so for a lot of these people he interviews is pure gold. Worth the $15 a month, even if it’s only for one month. Peter Schiff is one those people.
I found the way they list their subscriptions supremely dishonest. The first subscription options you get are listed as dollars per month. So, you naturally assume that you're paying for a monthly subscription. "Cancel at any time," it says. BUT, they have in small letters at the bottom, "billed annually." So, while it says X per month, it's actually a full year subscription, and you can "cancel at any time," but you've already paid for a year. The _actual_ monthly subscription is the last one they list. That is just beyond scummy to me, as it feels like they are blatantly trying to trick people into yearly subscriptions while presenting it as a monthly subscription. When I saw that, I refused to pay them, as it shows their fundamental lack of decency or honesty.
The discussion and meeting of minds I have been wanting to see forever. Bravo. These two gents should get together regularly.
At 35:00 I took that advice 2 years ago just to see if it worked. At the end of 2020, I bought a 5 gallon jug of dawn dish soap for $53. Now that same jug of dawn at the same store is $79.
In case anyone was wondering, my family of 5 has used half of it in a little more than 2 years.
Wow!!! Thanks for sharing
That’s about a 50% increase in purchase price in 2 years …
Peter Schiff is excellent. I have been following him for years. Thank you for this podcast!
I love just hearing your intro, get the hell up, been saying that for year to my grandson. I started just sharing your message. Today he asked about a job. Yeah
Get that kid into a trade. Won't regret it.
Great to see two of my favorites together! Thank you, Jordan, for having Peter on your program! You are un-cancelable! LOL
This is an incredible episode, thank you guys for the knowledge 💪🏼
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
@@gracesdonny1532 Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
@@PhilipMurray251 I am being advised by ELIZABETH KELLS STEWART , an experienced financial professional. If you're interested, you can easily find more information about her as she has accumulated years of expertise in the financial market.
Well said u sound like Jordan Peterson himself
I love them both. Didn’t expect this interview but grateful!
This man understands what is happening and why it is happening.
I tried to explain how many definitions were changing in dictionaries for political and culture war reasons and found that the gen z people I was talking to (at work) didn't think it was a problem even though those definition changes ran counter to their interests. It seems they thought it was a small and esoteric problem compared the the issues they were most interested in. I suppose that they were also simply used to those definitions as they hadn't know others.
They're thoroughly ignorant of totalitarianism and have a normalcy bias and likely a "that can't happen here, that's a conspiracy theory" cope reaction to it even if you elaborated. Their generation has been conditioned to accept and even welcome it like possibly no other in history.
Oh man they should read animal farm
One of the best interviews I've ever heard! And not one single commercial! Truly elegant! I like hearing Jordan Peterson better when he interviews other people than when he's being interviewed! And I mean that in the highest sincerity! Jordan Peterson is a great interviewer, because he knows who to interview, why, and he knows how to ask all the right questions! He's patient, sound-minded, sincere, and a brilliant interviewer and thinker! And thank you to Peter Schiff for dedicating his time to the better knowledge of mankind! Many thanks to the both of you!
- Robert Todd Springfield Smith
Amazing discussion, learned a lot. Thank you both.
"There's no better pathway to self-realization and the ennoblement of being than to pause at the highest good that you can conceive of and commit yourself to it." ~Jordan Peterson
*posit the highest good
Thank you Jordan Peterson & to you Peter Schiff. Very informative .