Is The Trump Boom For Real? - Peter Schiff at NOIC Nov. 4th 2018
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- Peter Schiff at the 2018 New Orleans Investment Conference
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who else can "flow" like peter? all off the top of his head...
Easier to do when you've been saying it since 2008 :D. But it does make sense.
Neil degrasse Tyson lmao he’s the only other
They should show this in public speaking classes - one of the best.
Peter Stiff is w legend!
Peter, please appear on Ben Shapiro's Sunday Special. He has a huge base and influence, and you can reach tons of people.
That'd be sick!! Shapiro for social issues, Schiff for Econ!
Peter hates jews he was one
@@Monopolist91 The point of having Schiff is to spread his knowledge of econ. If Shapiro knew econ, he wouldn't separate things as social issues because they are all economic issues
Yes please
No, he won't, Ben won't sabotage his base.
There are too much thing to fight over, Schiff idea will harm the right more than helping it.
Thanks Peter
We've been in recession for the last 25 years
There is some truth to that though
The currency has lost %96 of its value
EricSmyth14 It fucking sucks, especially for people who had their savings in the US dollar, which was most people.
More and more homeless people on the streets every day.
I know there are economic factors that define recession. However the reporting has become distorted over the years so they don't really add up to the reality. In short I have witnessed the American economy decline over the past 27 years. Without a dictionary. I don't need one to see that. You sound like an academic. What is this? A term paper? @Truth
@@EricSmyth4Christ Do you understand currency. it used to trade goods and service. I love the US Dollar
Peter Schiff is right
Peter Schiff is *always* right.
@ RoundUp is great stuff, I use it all the time. JNUG call options is the one I play.
@@okboomer6201 Generally spekkin, here at Petey's place you only hear about how great a long trade it is when it's about to crash n burn again. Here's my "live!!" call on GDX long today:
Joe Justjoe
11 hours ago
10:16 AM precious metals update: Both GDX and the HUI are signaling short term buy. GDX trading "live!" at 20.70 with the nearest upside target at 21.00. The price on weekly call options to $21 don't make the trade worth the risk. Plus some individual tickers still have left target lows. I would be alot more intrusted in a GDX long if it trades sub 19.90 though
That woulda been a 100% gain in a few hours if I actually stepped up. But since GDX signaled sell late in the day...no biggie. I'm confidunt I can try again from a loooower level. Chime in with your "guess" on when to buy JNUG calls whenst the mood suits you. As always, I don't expect to hear from you again. That is also the "norm" from the sheeple spewing here at Petey's place.
@soup and old clothes You are about to be "silenced" if you are still pumpfing a long position in the markets at this juncture as a "win." Don't end up like the locals who were "WOOOHOOOOO!!n" JNUG when it was up at like $12 a few weeks ago. Those clowns now loooong gone...but stil praying I'm sure. Again, if you are one of those sheeple and lemmings and things turn decidedly werser yet...it wasn't your fault. You were simply "manipulated." >>> :-(
@@okboomer6201 If you already play options then why not just concentrate on plays that the market itself has told you are all but a 100% certainty. Look at F stock. It is up at 9.60 and the market already told you that the 9.30 low set on Tue is going to go bye bye. To make a bet that it happens by 5/17/19 now costs you .25 centavos...and it will get slightly cheeper yet. So do the math >>> 9.50 target minus the cost of the option (.25) means F only needs to see 9.25 by 5/17 for you to break even on the trade. The market already says it sees 9.30. So tell me how this is a losing trade. Oh, got it...you don't think F stock sees 9.25 by 5/17/19. Then get to fukk out of the options trading bidness! ha!
As good as the 2007 bankers presentation 👍🏼👍🏼
@abu bang-bang well...you give me pause with that one bang-bang...how's about we put them both on the top shelf...shall we ?
Brilliant man
Thanks for your |TH-cam Content Peter ! Always appreciated
A bull market is like sex. It feels best just before it ends!
Warren Buffett
Darn...Peter is right. Trump is Obama 😢
Without the smug victimhood . . . well, blustering pseudo-victimhood.
Try telling a Trumptard that !
All i wanted was to give the SJWs the finger and that is at least 1/3 of the Trump voters.
@@Stonegoal LMAO ! I new that was a lot of it.
@@muddyriverdogz well said
outstanding Peter
The economic collapse that Peter has been predicting would eventually happen and THEN all financial media will take turns in getting his opinion.
it's not exactly easy or even possible to pinpoint an exact day or week that the next crisis will happen, but it will. It HAS to
a 22 trillion + debt that's still growing
a college tuition debt bubble of over 1.5 trillion
an inflating currency
a lessening labor force participation rate - plenty of workers in the south and mid-west underemployed or not at all, now getting hooked onto drugs
This Cannot Last, it's not sustainable
No, they won't. People overlook you being wrong, but they never forgive you for being right when they were wrong.
Peter was all over the TV until 2008 proved him right, and now they never have him on anymore. Not because he was wrong, but because he was right, they were wrong and continue to be, and they don't want to be reminded of how wrong they were and are by someone who knows what he is talking about, while they still don't because they have not learned a thing.
@@jamesdeppeler793 The fact is that those who invested in precious metals assets and emerging market stocks as a way to "game" Petey's collapsing dollar theory back in 2008 lost 50% of their bankroll in 2008 at one point. So even if you "nailed!!" the eggzact Ty Ming of the stock market crash of 2008 and shorted the high before the gapdown moves started...you still lost 50% within a few months. You were either desperate or angry at that point. Why would anyone want to live through that...again? :O Petey now losing $$$ on every "suggested" buy in GDXJ since 2016. What would you do right now? Suggestions? Saying that you would Schitt your pants if GDXJ opened up tomorrow at say $26.50 would be a purrdickshun...not a suggestion. You unnerstand the difference I hope. :-)
they will talk about how they seen it coming and warned everybody.
Peter please contact Ben Shaprio to appear on his Sunday Special! I would love for you to imbue him with absolute Austrian economics.
Yes, I've tried to comment this a few times in hope he'd see it.
Shapiro needs his bubble popped about the economy and how economics works, he calls himself an Austrian school believer.
That would be awesome.. I hope Peter takes that advice
YES!!! 1000% yess! Shapiro for social issues, Schiff for Econ!
@@Monopolist91 No, the social issues are just socialist answers in disguise as being right wing social answers.
There's only facts, as Ben Shapiro says, and those facts are economically based
@A B You're so brainwashed, go enlighten yourself.
If they don't care about paying down the deficit... the debt will NEVER get paid off. You'll just need a big military and say... come get it!
Kinda unrelated, but Schiff has very impressive public speaking skills -- I wonder how long he prepares for these speeches? The fact his podcasts are all off the cuff makes me think these are similar
What?! It’s not booming? I just started a business with the cheap money the bank lent me!
Just start selling lies; people by and large love to buy them. In America, I recommend a fat-loss pill. One pill a day to lose 2 lbs magically.
Yeah we are rich, the entrepreneurs are borrowing their way into wealth
@john smith The problem is Peter had been saying this since the 4 of clubs.
The economy is certainly not as good as they say.
you love trump and hate peter?@Truth
Peter nailed exactly what the Fed did...pay attention
Thanks
fast forward to April 2019: stock market at record highs, Q1 2019 GDP 3.2%, much better than expected
What people were buying shit they couldn’t afford and lost it all...why didn’t we lose everything? Cause we never bought shit we couldn’t afford!
Were goinna build a space force and the aliens are goinna pay for it.
If this was a "house of cards" economy, then the earnings per share would have collapsed during 2008, and never recovered (a house of cards cannot reconstruct itself). But the earnings per share recovered completely within 2 years. This is a sign of fundamental stability, not of fundamental instability. But peter is seemingly too unscrupulous to acknowledge this or even respond.
Governments reconstructed the house of cards
Great presentation Peter! Where is the 5 o-clock meeting link?
Why is the real estate bubble regarded as a good thing? When the market tried to correct, the PTB reinflated it. The result is extortionate prices for housing, a human atrocity. The building codes, etc. make it impossible for ordinary people to provide shelter for themselves. We got the equivalent of the population of an entire state who are destitute because shelter is a pecking order, lethal to the one on the bottom, who is always replaced by another victim. Why would anyone in their right mind lend Uncle Sam a dime? He's a deadbeat credit junkie. Already our laws are warped out of shape by economic interests. At this rate, they will bring back debtor's prison. All they need to do is expand the deadbeat dad laws. We need to revisit just how sacred property is. If you never celebrate the jubilee, YOU wind up the property. If you were on a lifeboat, would you tolerate a self appointed big shot cornering the rations? This property thing needs some limitations so it does not consume the human community.
BRAVO ! Well said !
Fantastic! Peter, you are my role model. 👌
old but excellent , thanks
Not to take away from Peter's message, but I need to point out that making the assumption that "this time it's different" is just as risky as the assumption that fundamentals haven't changed. While I agree that fundamentals haven't changed (debt load, employment, etc), the fact is that many have changed, and the classic metrics are not going to have the same predictive power as before. 2019 is not 2008. This isn't to say Trump is doing what is best for 2019. Far from it. But pointing to 2008 fundamentals and saying "those are good predictors of 2020/2021" is flawed in the same way that forecasters were wrong to say things were great in 2007.
Daniel Eastvedt You should listen to his other video of this conference where he discusses interest rates. His assumptions are well reasoned imo. Also all of investing is gambling anyway whether your money is under or mattress or youre day trading options
We’re not at war? Afghanistan, Syria, Yemen...🙄
Yes, the printed money is really helping!
It is making the stock market go up, and this isn't a real measure of the economy.
best parts are 14:44 and 28:25
I LOVE PETER SCHIFF !!!! GENIUS BEYOND GENIUS !!!!!
Which is the best way to ask Peter a question?
Peters forecast is about to come to pass very soon. Trump and the fed are talking about QE4, and cutting interest rates. But personally I think they will keep it propped up until trumps 2nd term by whatever means necessary. During in 2nd term watch out below for people holding paper assets!
They will definitely try to keep it propped up until term 2 but that doesn't mean they will succeed.
The fed is not talking about qe4, has not dropped rates or indicated that it will, or restarted QE. Powell is pretty wise and is pausing at just the right time.
You are as bad as peter on this statement.
@@mdmill9308 Come on man powell stated he would be more sensitive to the economic data and basically threw in the towel for anymore rate hikes. The fed and trump are on the same page until trump gets re elected. If the fed doesnt conform to trumps request thats all he would talk about on his twitter account and the Feds owners really don't want that kind of media attention. On the other hand i would love to see the fed raise again and help deflate these massive bubbles in financial assets under trumps watch before the elections.
Lower taxes, less regulation, higher interest rates and stronger dollar stimulated economic growth. Resume raising interest rates and stronger currency to grow economy.
Qué hermosura de hombre que encantador con su expresión corporal
We're never going to pay any of this money back, so in that sense, it is a free lunch.
You ever miss a payment to the Tong?
What is a Tong?
We have to pay it back somehow. Just like Wiemar Germany had to repay back their debts. We will probably end up paying for these debts through massive inflation, just like we experienced in the 70's.
+Valis... We can just not pay, just like China never paid us for the all money they borrowed from us during WW2.
Inflation will be how it's going to be paid.
Peter u best
Day 4020. Still shorting SPY as Peter recommended. Wife left me. Lost all 3 of my houses. I'm down 50 million dollars. Brokers keep calling me threatening with margin calls. He told be the economy is in horrible shape and we are in a bubble. Friends sold all their shares today. They retired with 100 million dollar in the bank. Thank you for the advice Mr Schiff.
Well you called it! Socialism policies are here and now everything is in a really bad shape. 2024 will hopefully be our chance I really hope we can change our ways. Love it Peter I am back logging all your videos your points are so tuned in to what is actually going on!
If one wants to understand what’s going on in the shadows of the government. One will seek truth. Seeking truth leads one to alternative perspectives such as Edge of Wonder and Destroying the Illusion.
🇺🇸Schiff for President🇺🇸
🇺🇸2020 🇺🇸
🇺🇸Libertarian candidate🇺🇸
I agree with mr schiff on this one 100%, its the cost of living thats way up, for money being earned. Yes the average adult in the U.S has the mind of a 16 year old, they forgot what happened 3 years ago. In capitalism a non political economical system, even the very low wage employee, can save a few for a rainy day.
i have not watchied this video but i will bet my life savings Peter is going to tell us why the world is just about to end..........
So, being an expat might be the best thing!
2018 or 2019?
2018, It's on the speaking podium.
How are those gold investments working out? Chicken Little must own a ton of gold.
Up Voted!
With all due respect to Schiff I don't agree we have a free market. Tariffs aren't a free market. Quantitative easing is not a free market. Free market means that the government stays out of it and you let the laws of supply and demand set prices and interest rates. What we have is a central bank manipulation.
That's exactly what he's saying.
He said at 32:45 "Trump and the free market" are going to take the blame.
Schiff for president
He would be a good one for 2024
If this was a "house of cards" economy, then the earnings per share would have collapsed during 2008, and never recovered (a house of cards cannot reconstruct itself). But the earnings per share recovered completely within 2 years. This is a sign of fundamental stability, not of fundamental instability.
What currency can sustain being the global reserve? Isn't Chinese on like qe 9
If we listened to Peter the stock market would of crashed already!
This video aged well. budget deficit is much more bigger
"this money is almost as funny"
ray dalio largest hedge fund manager said that the crash is not going be a bad as the 2008 if i were you guys i would watch how the economic machine works video
some how US is addicted to expanding government
Mr. Peter Schiff,
I know you're a strong advocate for Capitalism and very anti Socialism. I live in the heart of Las Vegas right next to the strip. In Nevada we pay 0% in state income taxes. However, we pay Federal Income Tax. I have seen with my own eyes the evil nature of the strip, how thousands of people gamble away there life savings and every cent they've earned. The strip only exists because capitalism allows it too. Las Vegas wasn't built on winners, that's for sure. Another sad aspect of Las Vegas is the homelessness and extreme poverty the strip creates. Because the state charges no income tax the roads and infrastructure in and around the city are falling apart or are completely ruined. Heroin needles litter our roads, drugged out meth and dope addicts squat all over the city. Capitalism allows this to happen. A little history for you...The Great Depression paved the way for legalized gambling here in Las Vegas. America was once a third world country during the Great Depression. It wasn't until FDR initiated Socialized programs that the nation and Las Vegas came out of the Great Depression. Remember Capitalism allows the strip here in Las Vegas to exists. I watch everyday the strip grow bigger and bigger. It's a scary place to live here.
Less than less than less than 4.5!!!
market is never wrong you are pete.
A manipulated market isn't wrong? How ever did you figure that?
Markets are wrong all the time, dude. They are always right eventually, but they can be way wrong for a long tine before they figure things out.
Fake boom.
I wonder what America would look like if the government was smaller and interest rates are high.
I think that we would have a real economy. Where only businesses that use resources that return profits only exist. Money that is borrowed is borrowed for a calculated means to grow, otherwise, money wouldn’t be borrowed.
What I think of currently is all these 0 profit IPOs that are coming out. They exist only cause of cheap money and really shouldn’t exist.
I would like to see banks paying high interest to savers and that money loaned out to businesses that actually provide service or products that justify a loan for a profit. Whereas that profit pays back to banks which in turn pays back the savers.
I would personally love to see money only printed for the of replacing old and worn currency.
Also, I would love to see social security go away and Medicare. I mean just about anything that allows government to take capital from me that I can invest myself.
Personally, I can’t retire from the social security that’s taken from me. 30 years for me would come out to 100k in social security and in 30 years who knows what inflation will mean for that amount.
There’s too much to list for this one comment, however, Peter... you speak exactly what the issue is and you continue to point out the issue. As of today, we have the SPX hitting new highs and I believe that’s based on the same old borrowed money order leveraged businesses, and cheap money.
The simple way to fix this problem. We need 100% capitalism and small government. The economy will bleed from the addiction to cheap money. However, the markets, the free capital markets can fix it.
If I had to imagine what money would look like in today’s economy. It would be dollar bills printed with actual gold or silver on them. People would value the bills more and a new dollar couldn’t be created without gold or silver value.
Why was this posted so late?
Schiff 2020
He can run in 2024 I like him but I like trump to
Damn this sucks We are fucked
You right peter but they need to find the new system before they collapse this one
PETER is my favorite JEW
Remember, Peter has recently stated SPECIFICALLY that the US will be in a depression equal to or greater that 1929 by 2020 (deja vu...he said that 2 years ago, and 2 years before that). Now he is already trying to back track. Lets hold him to his original prediction. He will either be absolutely right, or absolutely wrong. And besides, recessions are not unusual, and are necessary corrections (cures) to economic mis-allocations, not signs of the apocalypse.
Recessions the size of 08 should not be a usual occurance.
@md mill
You troll/shill haters are all the same.
You're all dupe throwaway accounts with no profile picture.
you all copy/paste the same BS response on every video like you have here.
You're trying to distract away from the fact that Schiff is completely right that this corrupt system is unsustainable,and that a financial and currency crisis is inevitable.The fact that we have printed more in the past ten yrs then in the previous 200 plus yrs of American history,should be a huge red flag to anyone with a functioning brain that something is horribly wrong here.
The current global finacial system led by SWIFT and the US dollar is in it's death throes to anyone with eyes to see.
Keep trying to propagandize and pretend things are alright all you want.Noone who can think critically is falling for your deception.
Dollar index rises above 98, gold down below $1280, Q1 GDP up to 3.2%...Peter, have a nice day!!!
What value do crypto's offer? A value can be negative, IMF says the cryptos are how to make negative interest rates work. blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/
"When cash is available, however, cutting rates significantly into negative territory becomes impossible. Without cash, depositors would have to pay the negative interest rate to keep their money with the bank, making consumption and investment more attractive. ." what is gold?
I love the US Dollar, if anyone out there want to give me theres I will take those discounted notes. No good to you anyway!!
If you love dollars so much why do you spend them? That proves you value what you're buying more than the dollars.
@@padraicburns9278 You use dollars to invest in Real Estate, Stocks, Bonds, Precious Metals, and Holidays. I like Gold and Silver but don't believe the hype. Its a commodity. A dollar is a dollar. What can I buy for my dollar. Have you tried travelling with Us dollars vs Canadian Dollars. Cdn$ down 40%
6 months later....
Peter how much do you know about Qanon?
There was almost an overdose of drug analogies :)
Lol. Economy was great under Obama for me.
I will give Obama credit for getting us out of the recession but trump has put it into overdrive
How was it such a great recession..if noone in the "real world" knew it was occurring?
I disagree, it was quite bad in the Tampa, FL area
Peter knew. He predicted it for years and was laughed at on all the financial shows.
When people say nobody saw it coming, what they mean is they didn't see it coming.
Trump wants to go back to a gold standard by appointing Herman Cain to Fed board
Anyone can be as good as Schiff, here’s how:
1) Look at everything through Skeptic Goggles.
2) Identify the negatives of national debt, QE, and an oversized government. (Most business people will agree).
3) Predict a crash, without any specific dates. Something like this, “the economy will crash.”
If you keep saying those things, eventually you can say you were right.
Justin Woodall Has Peter Schiff ever identified his “perfect” economy? I’ve been listening to him for years. Every speech ends with something about protecting yourself, and then he talks about how his clients are protected, and if you’re actually at the conference, he then tries to get you as a client. The perfect economy, I suspect, in Peter Schiff’s mind is one in which we have truly limited central government, a totally untampered free market economy, and little to zero government debt, and of course no federal reserve manipulating the money supply. I agree with him there. That would be great, but it’s about as likely as the Socialists giving us everything for free. As long as there are people who do not understand anything about productivity, and people who want to take advantage of those people by stripping them of their freedoms, we will never have a truly free economy unfortunately. Not to mention probably 1/4 of the population who have zero interest in working at all (some still do because they have at least some self respect or perhaps some care of others’ opinions).
Nice hair transplant;)
What? Not booming? I am laughing all the way to the bank!😆 Thank you, President Trump!
guns and butter! more debt = more demand for dollars.
#JustBuyBitcoin
If it is real, Pete will have a big maybe expensive job, of taking back, removing and editing every tweet, Facebook post and video, since 2016.... so I guess it's not, according to Peter.
Haha, interesting, every small business is Republican, except vegan cafes, pet stores, second hand book stores, yuppie travel agents, left wing event organisers, tech savvy online retail stores, wholesale flower gardens etc etc,................. it goes on, at least half of small business is Democrat. it's an incredible statement to make, Most/A lot of small businesses are Republican, huh?
It all makes sence, except it's probably not correct, like every tweet and video for the last 2 year's.
They dont need to raise taxes if they can just raise their inflation target and everyone applauds them plus repeats there is no inflation.
Trump is still doing good, winning!