in

Peter Schiff predicts financial crisis worse than 2008, U.S. dollar to ‘implode’ (Pt 1/2)

This is part 1 of 2 of the full interview. Stay tuned for part 2 on the future of cryptos.

Peter Schiff, Chief Market Strategist at Euro Pacific Capital and Host of the Peter Schiff Show, discusses the latest inflation data, whether the Inflation Reduction Act will reduce inflation, and why the Fed will be forced to pivot. He spoke with David Lin, Anchor and Producer at Kitco News.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Peter Schiff on Twitter: @PeterSchiff (https://twitter.com/PeterSchiff)

0:00 – Inflation news
2:52 – Inflation forecasts
6:54 – Jobs and unemployment
10:34 – Tradeoff between growth and inflation
15:41 – Inflation Reduction Act
18:54 – Stock market rally?
22:06 – ‘Zombie companies’
24:53 – Investment implications
27:20 – U.S. dollar crisis

#inflation #jobs #dollar
__________________________________________________________________
Brought to you by:

VerifiedInvestingEducation.com

Learn how to become a winning trader in stocks, crypto, commodities, and forex in this 3-course series with Master Trader Gareth Soloway, whose proven 80+% win-rate and early price action detection led him to be one of the most well-respected investors, chart technicians, forecasters, and traders in the industry!

How to trade cryptocurrency for beginners, intermediate and advanced traders, learn crypto, stocks, commodities and FX technical analysis and more.

Learn more or Sign up today: https://garethsoloway.krtra.com/t/xcjBa8VYbRdT
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

Written by Kitco NEWS

Comments

Leave a Reply
  1. Stupid is as stupid does or as stupid says. Saying there is zero inflation in July is like saying that I was really sick last month but I am no sicker this month. That's not good news.

  2. PEOPLE PLEASE PULL UP PETER'S PAST! HE HAS BEEN SCREAMING CRASH, BUY GOLD, DOOMS DAY HIS WHOLE LIFE! JUST SPEND 5 MINUTES PULLING UP VINTAGE VIDEOS. HE HAS A LOT OF THEM! GUESS THIS IS GOOD FOR HIS POCKETS! THINK ABOUT IT A SIMPLE BUSINESS MODEL. SCREAM CRASH, SCREAM BUY GOLD, THEN HE HANDS YOU A CARD! WASTE OF TIME FOR YOUR VIEWERS. A DISSERVICE..LOOK IT UP!

  3. INFLATION IS NOT GOING TO HANG AROUND! THERE IS HUGE NUMBERS OF PEOPLE TURNING 65 EVERY DAY FOR 15 YEARS, OLD PEOPLE DO NOT SPEND AND THEY DONT PRODUCE, THIS WILL BRING INFLATION DOWN! HE IS DEAD WRONG! IT IS THE OPOSITE! WAIT AND SEE!!

  4. Peter just has no idea of the web3 economies being built across the leading blockchains right now. Yes lots of risk, some will fail but it is real economic activity in a digital world. It's more likely going to 10 trillion in the next decade than 0.

  5. Nice content. The ability to create something which is not duplicable in the digital world has enormous value… Lot’s of people will build businesses on top of that. in the past year crypto currency investment has been a way to help solve that problem. Who knows about Crypto let's discuss….

  6. It's interesting. I remember Jimmy Carter and the inflation and 20% interest rates. And the fact the credit became more sound and everyone made lots of 💰.
    And of course balancing the much smaller budget was talk of the town.
    This is a cycle that we repeat over and over.

  7. Peter Schiff has an incredible grasp on the second order consequences of this crazy government/central bank run economy. I’m trying hard to spread the word to my local group of family and friends but feel I’m coming up short. Maybe I need to clockwork orange them all and make them listen to Peter? lol

  8. Come in United Kingdom…inflation rediculus amount energy highest we don't have choice change suppliers since all increases prices in europe … Who blame Biden admin..world suffering making America.

  9. Is Mr. Schiff bankrupt? When I saw his debate about Bitcoin, he looked in control. Now he looks totally lost speaking bulsch. Is Fed really out or is it just the Schiff family out?

  10. I totally disagree with him generation x is now starting the prime years where they buy things this will of course continue pumping the economy while at the same time the boomers are retiring, which is leaving a hole in the worker market this is a time of a great shift

Leave a Reply

Your email address will not be published.

Loading…

0