'This Will Collapse The US Dollar Any Day Now' - America's Biggest Ponzi Scheme | Peter Schiff

In this gripping clip of Impact Theory, Tom Bilyeu sits down with renowned economist and financial commentator Peter Schiff to unpack the looming economic catastrophe that threatens the United States. Schiff delivers a sobering analysis of the skyrocketing national debt, currently at $32.7 trillion, and rising interest rates that could cripple the economy. He explains why the U.S. government's financial strategies resemble a Ponzi scheme and argues that runaway inflation might be the only way out—a scenario that would devastate older generations while leaving younger people relatively unscathed.

Tom dives deep into Schiff's dire predictions, including the potential for mass defaults, crushing inflation, and the collapse of both public and private financial frameworks. Schiff urges listeners to hedge against this perilous economic landscape by investing in real assets and precious metals. He also explores the geopolitical implications and the possibility of Americans being driven to flee high taxation.

Join us for an eye-opening discussion that will challenge your perceptions and prepare you for what might come next, in an episode aptly titled: "This Will Collapse The US Dollar Any Day Now - America's Biggest Ponzi Scheme with Peter Schiff."

Chapters:
00:00 Rising interest rates could lead to collapse.
04:38 Predicted quantitative easing, debt at 32 trillion.
08:45 Government restructuring, spending cuts, debt negotiations, inflation.
13:01 Global citizens face tax challenges in Dubai.
13:54 Opposition to government control and support for freedom

Keywords:
rising interest rates, national debt, trillions of dollars, interest on debt, Medicare, Social Security, national defense, paying interest, inflation, borrowing, Fed slashing interest rates, default, municipal debt, corporate debt, refinancing, artificially low interest rates, financial crisis, bankruptcy, precious metals, inflation tax, real estate bubble, quantitative easing, debt ceiling, Ponzi scheme, Bernie Madoff, Treasury Secretary, citizenship renunciation, austerity, income tax, government spending cuts, creditor.

[Hannahbenowitz]

I think there is an atom of truth because : 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 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..

[HarryArnold-tqsx]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[shukriAmad]

Transfer of wealth usually occur during inflation and market crash at times like this. So for me, this is time for aggressive investment. The more stocks drop, the more I buy. I'm just focused on making better investments and earning more as recession fear increases.

[Tetsu-pg]

As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement

[Kingcreamkt]

This November elections might really take a hit on the stock market, how can I invest my 250K cash saving to capitalize on the market crisis?

[sebastiaanthijn]

The specific economic structure and resilience of each region play a crucial role in determining the impact

[GayasUddin-fzxe]

You said you think that a XAI80K will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?

[davecritto-dfeb]

We need to focus on growing food and helping each other. This ponzi is over. People living on the streets already

[VikasnaikSathishnaik]

thanks for bringing up XAI80K pair - Watching all your videos when I get notified

[Rmack]

Whoever thought the American dream, would be to leave….😢

[MartyMcDonnald]

I lived in Pittsburgh. Now I'm in Estonia.
LEAVE THE UNITED STATES!!!
America died with Kennedy.

[Bobhenry-cz]

The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.

[specteropgaming]

Very good calls regarding XAI80K! It’s now either make it or break it for XAI80K ! I would love to hear what are your targets moving up.

[rajakashyap]

Just swapped all of my last ETH and swapped it into XAI80K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!

[AnilAlhat-pljc]

Got in at XAI80K at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.

[tylerhill]

Man look at all these scam bots posting about XAI80K. Disgusting

[dannyboy]

The national debt load is going to hit $35T by September 2024. The average American doesn't care and wouldn't know what is the consequences. 😭😭😭

[commonsensenow]

Peter Schiff is the North Star of TRUTH, LOGIC AND COMMON SENSE; he has been consistent for over 20 years... I just shared his earliest videos with others to PROVE to them that the kaboom is ours and LONG in the making...

[Stevesbe]

Money is not going to matter for whats coming to this country

[rjshaw]

Peter has been singing this song for a long time and I think he is close to being right. We need a reset people.