PA, non city, resident. My home/auto insurance is combined with one company for a ten percent discount My auto went down 5 percent but my homeowners insurance jumped 25 percent for the year 2024. I have been claim free for over 10 years.
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@avainvestmentanalytics why do you watch the channel then? You know Peter is right ✅️. He's not a trader and is investment for the long run. His strategy should payoff. He's been wrong because the FED keeps changing the game and Americans keep buying it
Im sure glad i found Peter's channel a few months ago. Peter is one of the best qualified experts that can explain the shit show thats going on world wide! Watching from western Canada 🇨🇦🇨🇦🇺🇲🇺🇲🇺🇲
The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
How can I participate in this? I aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
It’s so refreshing to hear someone that actually understands the inefficiency of government and its effects on economy! As usual, thank you Peter for bringing these things in to focus!
I still believe the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Well with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan strategies accordingly., rate hikes doesn't seem like a viable option either
Changes in policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial professionals who understand these complexities and can help navigate them effectively.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
I'm loving the schtick each episode of there being something wrong, whether it is with the Audio, Video, etc. The difference between Peter and the Government is that Peter doesn't create the problem and winds up fixing it =).
These rate at 5percent are a joke to cut.when I was a kid a pass book saving rate was 5percent. You are at inflation rates of at least 20persent so these rates are negative to all savers in the country with the purchase power shows negative rates and they want to cut,what a joke,especially when credit card rates are at 29persent.
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
My CFA ’Rachel Sarah Parrish’ , a renowned figure in her line of work. 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 year over year number should be a better analysis of trend. I agree with Peter that the CPI is basically a manipulatable tool now and the timing of the cut right before the election seems very suspicious.
No one is commenting on the comedic mic issue in the beginning. He was pissed about the tech issue and then does a subtle WTF comment to his team while live lol.
@@Jalleur14325 ofc he has a team, at least one person. His sound always changes while he is live without Schiff touching anything. That's how you can tell someone else is there
Please stop with the clickbait titles. I used to love the unbiased videos on whats really going on in the market. Crash market fatigue is showing with most folks. Most are so tired of hearing about the worse even though its true. My $200,000 share holdings are down 17%
Yes, and unlike you, a good number of folks are raking in huge gains even in this downtrend, but such strategies are mostly successfully done by experts.
@@Angelavaldess I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
I've stuck with ‘’Marissa Lynn Babula” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@@hullbruce I like to give this a try even if my needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it
Inflation comes with equivalent market chance if you are early informed and well-equipped. I've seen folks on verified posts that turned millionaires amid economic downtrend, and pull it off easily in a favorable economy, it all boils down to proper asset allocation.
Right, a lot of folks downplay the role of advisors until burnt by their own emotions, no offense. I remember 3 years ago, just after my awful divorce, I needed a good boost to keep my business afloat, hence researched for advisors at once. Thankfully, I came across one with grit, helped to grow my reserve notwithstanding inflation, from $350k to nearly $1m as of today.
@@chadgriffith1969 this is encouraging, a newbie like me would definitely need guide to achieve such financial milestone.. mind if I look up the professional aiding you please?
Can't divulge much here, I personally have my portfolio overseen by a wealth advisor, 'Katherine Nance Dietz' who is vastly experienced and luckily, her presence is visible on the internet.
I worked 40 hours during the day and went to college at night for 4 years straight to get my education and my money was spent on my education not taxpayers money.
On top of the fact that the annual inflation rate is a red herring. Consumes don't care about the inflation rate: they care about the compounding effect of higher prices.
Lowering prices is NOT the correct strategy for every company. Some brands have tremendous pricing power and can raise prices and not lose sales volume. It is the sign of a strong brand that your product isn't under pricing pressure.
Dean, can you name some examples? I would think a Peter would say that if they raised prices, they wouldn’t sell as many, and the profit would go down. If there’s that much profit in the sector, more entrants would come in.
@@chaddy-me-boy8299In economics it's called, "Elasticity Of Demand". As an example, oil companies can generally push through higher prices when their input costs rise. So that industry is said to have a relatively inelastic demand curve. Elastic demand on the other hand is an industry where consumers are very sensitive to price increases and significantly reduce their demand or even stop buying altogether when faced with higher prices.
This last market adjustment was just the beginning. What makes me sad is the retail investors "regular Americans" buying what they think is a dip - when it's really a Dead Cat Bounce. I don't think the markets can make any more NEW all time highs. I think we will see lower lows and lower highs - in a down down down pattern. Once the bankruptcies really start to kick off and more banks fail the unemployment numbers will rise and pensions will fail while at the same time home values will drop and foreclosures will kick off. Buying a dead cat bounce and staying in a collapsing market is the fastest way to go broke. Imagine being in banking and your bank fails, you lose your job, you 401k gets gutted and the equity in your home disappears? Just imagine that scenario. It's going to really suck over the next several months and I don't believe that even 10% of Americans are paying attention. For me I am 110% committed to Bitcoin...as Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Aldona Šabanienė, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...
If the government subsidies would end the cost of solar would decrease! I installed a system myself on my home for 13k. Companies are charging nearly 100k for my sized array. The tax rebates are giving the solar company's a reason to gouge!
In Canada, there’s an “anti-scab” bill headed towards the Senate. You hire an employee your business becomes theirs. This is theft. Apparently, the union people who back this don’t want to get hurt from the violence on the picket lines but, who gets violent? Is it the replacement workers?
I kept a empty Doritos party size bag nacho cheese flavor from july 2020 just for the price tag. It cost 5.29 for a party size back in 2020 here in Los Angeles CA. That same bag party size I checked yesterday is 7.19 an increase of almost 40 percent...if we citizens reported the inflation based on prices paid year over year, it should be at least double like Peter says...
Hey Peter, a comment about what Musk said about efficiency and the government: While I agree that generally incentives are what generally describe the behavior of large groups of people, I also know that individuals or organizations can instill a culture within the system that counteracts the harm the wrong incentives might do. This has happened in government before, the first example I’m reminded of is Bill Bratton former chief of NYPD, who was known for single handedly turned around NYs crime epidemic in the 90s. Efficiency dominated his approach in police work and it worked. I’m sure you are aware of Shumpeterian innovation economics. This is the idea that innovation and risk-taking, forward thinking businesses are what drive growth in an economy, rather than any level of spending or saving. This is the argument that printing money could be good and create no inflation if spent on economically viable projects. Increased efficiency in government spending should lead to reduced inflation in the long run because of the increased productivity an innovation/business centered economy creates. On another note, something you should reckon with on the argument of small government is that when our founding fathers established that axiom of freedom, people still largely had moral guidance and a sense of what was right. These days, with religion so demonized and people oh so backwards, I’m not sure that a smaller government wouldn’t lead to more civil chaos. Though I do agree that government has too many tentacles and largely causes inflation.
Looking at the US Bureau of Statistics, under the Consumer Price Index, one can notice that in the last quarter of this year, stocks are not really doing well, especially energy stocks as they seem to be below the zero point. However, I don't know if stocks will quickly rebound as I have no clue the direction of the market. Can I get an advice on any other stocks that I can acquire to diversify my reserve of $300k across multiple markets while creating a comprehensive portfolio.
Consult a fiduciary counsellor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent.
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 18 months just by copying trades from a broker that has better skillset and technical know-how than me.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
So we touched 2.9% CPI so now cut rates back to zero! Got to get that Inflation back up to 5-7% to keep up with government out of control spending. After all lots of benefit collectors depending on your tax dollars and printed up inflation dollars. 😂😂😂
As usual, great job Peter! In the discussion around a declining U.S. economy and the impacts of various financial losses, why was the overall impact of leaving $7B of military equipment in Afghanistan so readily dismissed and overlooked in conversations. Ultimately, the taxpayer paid the $7B loss, but there’s never a mention of the impact replacing the equipment will have on the budget - a $14B hit to the U.S. budget seems significant - maybe I’m missing something?!?!
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
Just ''buy the dip''. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
Yeah, brokerage AdvisoRs could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $140k ROI, and this does not include capital gain.
I don't know if I am permitted to go into details here, but mine is Jenienne Miniter Fagan and you could also look her up though I'm not so sure she's taking on new people atm.
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
Mellissa Elise Robinson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Home Insurance rates have skyrocketed, property taxes, and now the electric bills are a new issues that will push many home owners who are barely making their mortgage payments to default. Government needs to get out of the mortgage business as they ruin every thing they touch. Always good information Peter!
You've never seen an efficient American government because you've never seen an adequately inventoried and accountable government; not because it's impossible but because they refuse.
![[LIVE] นาทีนี้ต้องพี่ทนาย | ทนายแก้ว vs ทนายไพศาล | #คุยให้เด็กมันฟัง EP.47 (02/11/67)](http://i.ytimg.com/vi/HmquaO-PL_M/mqdefault.jpg)
Auto insurance premiums rose 18.6% YoY, not 16.5%. I remembered it wrong when I mentioned it on the podcast.
Our home fire insurance in NorCal (CFP) was up 34% YOY. Up 700% in 20 years
PA, non city, resident.
My home/auto insurance is combined with one company for a ten percent discount
My auto went down 5 percent but my homeowners insurance jumped 25 percent for the year 2024.
I have been claim free for over 10 years.
Peter, please do another Spaces, much better than this podcast format
what's up with the budget $2 microphone
As Always Peter Brilliant info. You are Much appreciated Big Thanks for your hard work Always Like button 👍👍👍
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Spot on, Peter. Every episode is a magistral class on Economics and Libertarianism. Hope we have you for many more years. 👍🏽
I love Peter's dummy spits and tech gaffes 🤣 🤣
PETER is solid as a rock. He will get to 250 years old.
Great post, Walter! I’ve said that if you really want to learn about economics, go through and carefully listen to all Peter’s podcasts.
Definitely 👍
Peter is the GOAT
Yes he is. The GOAT of disinformation and terrible investment returns.
🐐 ..🤔..was human last time I checked
Get of t of the closet and be happy
@avainvestmentanalytics why do you watch the channel then? You know Peter is right ✅️. He's not a trader and is investment for the long run. His strategy should payoff. He's been wrong because the FED keeps changing the game and Americans keep buying it
Have you looked at his funds returns???
The government is like King Midas except everything King Midas touched turned into gold. Everything the government touches turns to shit
Yea the government touches gold and turns it to shit
So I guess the government is more like king Mierdas 💩
Bingo!
King Midas WAS the government
Well when you steal everything you have what do you think it's going to turn into?
I "love' how food & energy are left out: just two key items that AFFECT ALL THE OTHER NUMBERS! GOV FRAUDS!
Yes, CPI fell not due to food, but due to auto costs as number of repos is skyrocketing from car loan defaults CPI only better if you are buying car.
@@robertbender73 even that is a flat out lie car prices are still retardedly high.
Yes this how they cook the books and manipulate 🤔🇺🇸
Food and energy is over rated...we could live without it. That's why it's not included
Nothing says “govt incompetence” …… like $2500 gold !!!
Peter I really enjoy your newsletter Schiff Sovereign. Very valuable information. 🇺🇸
Im sure glad i found Peter's channel a few months ago. Peter is one of the best qualified experts that can explain the shit show thats going on world wide! Watching from western Canada 🇨🇦🇨🇦🇺🇲🇺🇲🇺🇲
The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
How can I participate in this? I aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
It’s so refreshing to hear someone that actually understands the inefficiency of government and its effects on economy! As usual, thank you Peter for bringing these things in to focus!
Car insurance almost doubled for me in two years. No tickets or accidents either.
I totalled my car. Thanks for helping pay that cost.
stop paying
You have to hop providers. They milk the idiots who stay loyal
i switched from progressive to gieco and saved something like 30-40%...just saying.
@@jonusjonus9271 I like geico. I can do everything myself online. No need to call some rep.
Better than most finance classes I've had
Rate hikes?? Phew... This is getting really interesting
I still believe the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Well with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan strategies accordingly., rate hikes doesn't seem like a viable option either
Changes in policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial professionals who understand these complexities and can help navigate them effectively.
Well Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
END THE FED. Gold IS money.
I'm loving the schtick each episode of there being something wrong, whether it is with the Audio, Video, etc. The difference between Peter and the Government is that Peter doesn't create the problem and winds up fixing it =).
Thank you Peter, you cut through all the crap❤
Very easy to understand per usual, great job Peter!
There's lies, theres damn lies, and then there's statistics.
Figures lie and liars figure.
There's lies, damned lies...and the CP-Lie 😂
Mr. Schiff, your comments regarding unions were the most cogent and coherent that I've heard in many years.
You're a great American, sir.
I wish he would share his opinion on the police union.
These rate at 5percent are a joke to cut.when I was a kid a pass book saving rate was 5percent. You are at inflation rates of at least 20persent so these rates are negative to all savers in the country with the purchase power shows negative rates and they want to cut,what a joke,especially when credit card rates are at 29persent.
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’Rachel Sarah Parrish’ , a renowned figure in her line of work. 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.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
My insurance has gone up 35% in the past 2yrs. All my bills are up 26% average
My insurance is up 20% with no claims
At least there's no inflation
Politicians agree, government is the solution to everything.
The year over year number should be a better analysis of trend. I agree with Peter that the CPI is basically a manipulatable tool now and the timing of the cut right before the election seems very suspicious.
No one is commenting on the comedic mic issue in the beginning. He was pissed about the tech issue and then does a subtle WTF comment to his team while live lol.
😂 I did! But didn't imagine that he had anyone there - does he have an employee there when he doesn his pods?
@@Jalleur14325 i think it might be his son that helps him
Team? What team? Is his daughter there? Why have a team? I always assumed Peter was a one man show. I would be.
I noticed it 😂
@@Jalleur14325 ofc he has a team, at least one person. His sound always changes while he is live without Schiff touching anything. That's how you can tell someone else is there
great show as always
Please stop with the clickbait titles. I used to love the unbiased videos on whats really going on in the market. Crash market fatigue is showing with most folks. Most are so tired of hearing about the worse even though its true. My $200,000 share holdings are down 17%
Yes, and unlike you, a good number of folks are raking in huge gains even in this downtrend, but such strategies are mostly successfully done by experts.
@@Angelavaldess I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
@@Angelavaldess Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
I've stuck with ‘’Marissa Lynn Babula” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@@hullbruce I like to give this a try even if my needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it
Inflation comes with equivalent market chance if you are early informed and well-equipped. I've seen folks on verified posts that turned millionaires amid economic downtrend, and pull it off easily in a favorable economy, it all boils down to proper asset allocation.
I'm still trying to strip every decision of emotion.. no doubt many successful investments are built on no more than an advisor's hunch
Right, a lot of folks downplay the role of advisors until burnt by their own emotions, no offense. I remember 3 years ago, just after my awful divorce, I needed a good boost to keep my business afloat, hence researched for advisors at once. Thankfully, I came across one with grit, helped to grow my reserve notwithstanding inflation, from $350k to nearly $1m as of today.
@@chadgriffith1969 this is encouraging, a newbie like me would definitely need guide to achieve such financial milestone.. mind if I look up the professional aiding you please?
Can't divulge much here, I personally have my portfolio overseen by a wealth advisor, 'Katherine Nance Dietz' who is vastly experienced and luckily, her presence is visible on the internet.
Katherine Nance Dietz is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
Just want to give Schiff some love! Always appreciate your wisdom, Pete! God bless!
I worked 40 hours during the day and went to college at night for 4 years straight to get my education and my money was spent on my education not taxpayers money.
What year did you graduate?
@@kevinlangdon5 2000
The CP Lie
On top of the fact that the annual inflation rate is a red herring. Consumes don't care about the inflation rate: they care about the compounding effect of higher prices.
Thanks, Peter! Been following you since your days with Dr. Paul!
My local pizza restaurant have increased their prices by 45% since 2022.
You greedy sob
As far as one can tell as a present or prior customer, how's that working out for them?
Goddaayuumm 😮 Peter went off on this episode!!!
Another excellent video! Thank you Sir!
Lowering prices is NOT the correct strategy for every company. Some brands have tremendous pricing power and can raise prices and not lose sales volume. It is the sign of a strong brand that your product isn't under pricing pressure.
Dean, can you name some examples?
I would think a Peter would say that if they raised prices, they wouldn’t sell as many, and the profit would go down.
If there’s that much profit in the sector, more entrants would come in.
@@chaddy-me-boy8299apple
@@chaddy-me-boy8299In economics it's called, "Elasticity Of Demand". As an example, oil companies can generally push through higher prices when their input costs rise. So that industry is said to have a relatively inelastic demand curve. Elastic demand on the other hand is an industry where consumers are very sensitive to price increases and significantly reduce their demand or even stop buying altogether when faced with higher prices.
Schiff is Satoshi.
The G8 is Satoshi
I love these podcasts.. Would love to see a show with Schiff and kudlow
Kudlow prior to becoming Trumps lackey.
@@jeffreygoss8109 "free market capitalism is the best path to prosperity"
This last market adjustment was just the beginning. What makes me sad is the retail investors "regular Americans" buying what they think is a dip - when it's really a Dead Cat Bounce. I don't think the markets can make any more NEW all time highs. I think we will see lower lows and lower highs - in a down down down pattern. Once the bankruptcies really start to kick off and more banks fail the unemployment numbers will rise and pensions will fail while at the same time home values will drop and foreclosures will kick off. Buying a dead cat bounce and staying in a collapsing market is the fastest way to go broke. Imagine being in banking and your bank fails, you lose your job, you 401k gets gutted and the equity in your home disappears? Just imagine that scenario. It's going to really suck over the next several months and I don't believe that even 10% of Americans are paying attention. For me I am 110% committed to Bitcoin...as Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Aldona Šabanienė, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I heard her strategies are really good, How do I reach your Coach/mentor...
She mostly interacts on Telegrams, using the user-name.
@AldonaSabaniene.
On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
Just dropped our rate by 25bps in our country. How?
Here comes inflation again just as Peter predicted. See how long before they increase rates again.
I love Peter's dummy spits and tech gaffes 🤣 🤣
And the occasional indigestion 😂
Mostly agree with Peter on most the things. Always just a matter of when will the roosters come home to roost.
the rooster is lost, can't find its way home. That is why the market keeps on reaching new all time highs.
@walden6272 Right, the market always goes up and never goes down. Forever and ever. 😂
@@bassmanjr100 Yup, look at the Dow all the way back to it's beginning. Do you see how it always climb over time?
Thank you Peter
I love this guy's. Says it like it is
Excellent thank you from australia
thanks for the great content!
SILVER & GOLD..🤩🤩 RUN BABY RUN 🤩🤩
Keep dreaming
@@brianb6957 sure will
I noticed..
Better with the mic 😅
Thanks Peter!!!
Love your Podcast Shows!!!
Great discussion thx.
Love your channel Peter!
Good stuff Peter. Lovin' the pod.
Solar panels are not Worth it for me. My electric and gas bill combined average 80 bucks a month. Not worth a 30k investment.
That’s why the Green New Scam needs government (taxpayer) $$$.
Best show I’ve heard in awhile.
All fiat money will end in Zero since Rome. Proven fact.
What about the British pound?
If the government subsidies would end the cost of solar would decrease! I installed a system myself on my home for 13k. Companies are charging nearly 100k for my sized array. The tax rebates are giving the solar company's a reason to gouge!
How big is your array
In Canada, there’s an “anti-scab” bill headed towards the Senate. You hire an employee your business becomes theirs. This is theft. Apparently, the union people who back this don’t want to get hurt from the violence on the picket lines but, who gets violent? Is it the replacement workers?
Thanks mr. Schiff.
I kept a empty Doritos party size bag nacho cheese flavor from july 2020 just for the price tag. It cost 5.29 for a party size back in 2020 here in Los Angeles CA. That same bag party size I checked yesterday is 7.19 an increase of almost 40 percent...if we citizens reported the inflation based on prices paid year over year, it should be at least double like Peter says...
Hey Peter, a comment about what Musk said about efficiency and the government:
While I agree that generally incentives are what generally describe the behavior of large groups of people, I also know that individuals or organizations can instill a culture within the system that counteracts the harm the wrong incentives might do. This has happened in government before, the first example I’m reminded of is Bill Bratton former chief of NYPD, who was known for single handedly turned around NYs crime epidemic in the 90s. Efficiency dominated his approach in police work and it worked.
I’m sure you are aware of Shumpeterian innovation economics. This is the idea that innovation and risk-taking, forward thinking businesses are what drive growth in an economy, rather than any level of spending or saving. This is the argument that printing money could be good and create no inflation if spent on economically viable projects. Increased efficiency in government spending should lead to reduced inflation in the long run because of the increased productivity an innovation/business centered economy creates.
On another note, something you should reckon with on the argument of small government is that when our founding fathers established that axiom of freedom, people still largely had moral guidance and a sense of what was right. These days, with religion so demonized and people oh so backwards, I’m not sure that a smaller government wouldn’t lead to more civil chaos. Though I do agree that government has too many tentacles and largely causes inflation.
Looking at the US Bureau of Statistics, under the Consumer Price Index, one can notice that in the last quarter of this year, stocks are not really doing well, especially energy stocks as they seem to be below the zero point. However, I don't know if stocks will quickly rebound as I have no clue the direction of the market. Can I get an advice on any other stocks that I can acquire to diversify my reserve of $300k across multiple markets while creating a comprehensive portfolio.
Consult a fiduciary counsellor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent.
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 18 months just by copying trades from a broker that has better skillset and technical know-how than me.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Annette Marie Holt is the licensed adviser I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Always enjoy these
Youi are so right about the government......The government backing student loans....Made the price go up....
My car insurance went up 20% in one month this year. Florida resident, 29 y/o. No dui.
You are a star, Mr. Schiff
Always great!
Peter, what's your take on Black Rock coming in and buying up all these houses
Brilliant video Peter. ❤
Thanks Peter. Excellent as usual.
So we touched 2.9% CPI so now cut rates back to zero! Got to get that Inflation back up to 5-7% to keep up with government out of control spending. After all lots of benefit collectors depending on your tax dollars and printed up inflation dollars. 😂😂😂
Niel DeGrasse Tyson ; would say microphones fall off because of gravity.😅
As usual, great job Peter! In the discussion around a declining U.S. economy and the impacts of various financial losses, why was the overall impact of leaving $7B of military equipment in Afghanistan so readily dismissed and overlooked in conversations. Ultimately, the taxpayer paid the $7B loss, but there’s never a mention of the impact replacing the equipment will have on the budget - a $14B hit to the U.S. budget seems significant - maybe I’m missing something?!?!
You can't solve government problems without laying people off. The labor Cost are to high in the g,- scale.
Super content as always ❤
Thanks, Peter. And algo comment!!!
I have seen representatives admit to mistakes. They have done nothing to fix it.
you got her name wrong! it is Kamela Giggles
Funny thing is people likely simply turned up the volume and may or may not have noticed the mic not actually being on.
Great podcast 😂 government is such a pain in the ass for sure! Great job Peter, looking forward to the next one!
Thanks
very good PETER
If you take off used cars and insurance out. How much will it change from the 2.9% ?
Agreed! My auto insurance was up 36% and homeowners insurance up 50% last month without claims.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
Just ''buy the dip''. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
Yeah, brokerage AdvisoRs could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $140k ROI, and this does not include capital gain.
Could you kindly elaborate on the advisor's background and qualifications?
I don't know if I am permitted to go into details here, but mine is Jenienne Miniter Fagan and you could also look her up though I'm not so sure she's taking on new people atm.
Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call
Peter is great!
Great points in this one. But peter should always remind listeners that the root problem is manipulated money
This entire video should be shown to every college class this fall.
What do you think about xrp? Peter Schiff?
Peter Schiff said I told you so but sadly you prefer to listen to the mainstream economists
Core CPI increases for 50 straight months, how is inflation beaten?
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
Mellissa Elise Robinson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
You shouldn't generalize about people who are in a union. Have unions shops have you managed?
Usable sound starts at 2:40...
Home Insurance rates have skyrocketed, property taxes, and now the electric bills are a new issues that will push many home owners who are barely making their mortgage payments to default. Government needs to get out of the mortgage business as they ruin every thing they touch. Always good information Peter!
You've never seen an efficient American government because you've never seen an adequately inventoried and accountable government; not because it's impossible but because they refuse.
I like you so much more when you are pissed. Get it on Peter!
FREE SPEECH IS ESSENTIAL TO HUMAN HAPPINESS.
Hey Peter! Not sure if you are back in Puerto Rico but, if so, I hope you and your family weathered Ernesto and are doing okay :) Cheers!
I love your podcast I listen every week. Just a quick question if you say college is a waste of time why are sending your kids to college?
Excellent Peter thxu 👍