Schiff: Act NOW to Avoid Debt and Dollar Debacle

Crushing government debt. A deepening recession. A collapsing US dollar. Chaos in the financial markets. It could soon be headed your way. But all is not lost, either. Target the right commodities, stocks, and markets, and you won’t just come out relatively unscathed. You’ll have the chance to pocket sizable profits. That’s the worldview and advice shared by Peter Schiff, chief global strategist at Euro Pacific Asset Management, in this week’s MoneyShow MoneyMasters Podcast segment.

Peter starts by comparing TODAY’s environment to the one leading up to the 2008-2009 Great Financial Crisis. In his words, the situation today is “eerily familiar” and the consequences of inaction by investors could be “catastrophic.” He goes on to note that investors made a lot of money in the 1950s and 1960s investing in the “Nvidias of their day” like Polaroid and Xerox. But anyone who didn’t shift their approach for the stagflationary 1970s – and target NEW investments like commodities, gold, oil, foreign currencies, and the like – got crushed.


Chapters:
00:39 - Market Turbulence and Inflation Warnings
02:00 - Past Market Bubbles and Parallels to Today
03:20 - Fed’s Policies and Rising Inflation
05:30 - Impending Economic and Dollar Crisis
09:00 - Investment Strategies for Inflation and Market Shifts
12:00 - Gold’s Future and U.S. Dollar Decline
19:00 - Closing Remarks and The MoneyShow Orlando Preview

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[lucoeli]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[BullsEye]

Why do you keep having Peter on? He's going down in history as the worst financial advisor. He's been dead wrong on all his major predictions year after year, market cycle after market cycle:
1. Worthless dollar
2. Worthless crypto
3. He said it's another housing bubble way back in 2014
4. He said the Fed couldn't hike rates from 0 in 2015 but they hiked to 2.25%
5. He said the Fed couldn't hike rates from 0 again in 2022 but they hiked to 5.25%
6. New high for silver
7. 100x on gold stocks
8. $5, 000 gold
9. Dow will equal an ounce of gold
10. Going back to a gold standard is inevitable
11. DXY to 80 by the end of 2023
12. Financial crisis of 2023

[SabySoni-djrm]

GOLD GOLD GOLD GOLD
Last 5 years gold return 16.5%


Last 20 years gold returns 13%

Safe investments physical gold
Because gold in your hands

[PriscillaFleet]

If inflation continues to re-accelerate, don't you think they will be forced to increase interest rates? It's not like they have the option to just stand back and watch it increase and hope it comes back down. They indicated they will act not just if it does not re-accelerate but if it does not demonstrate, it is actively on the way down to 2%, so the likelihood of an interest rate hike seems very significant. There's nothing to naturally bring inflation down at this point unless the labor I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Adriana Jensen, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[StefanOsfit]

I have so far made a couple gs following his strategy so sets a follower:)

[Al-yubq]

I think gold has been undervalued owe to the confidence in the power central of banks to control inflation. And now that confidence is getting disappeared, in other words, Investors are getting back to reality. It´s starting now a panic buying of gold