U.S. Economic Crash Worse than 1929 - Peter Schiff Issues Warning

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Peter Schiff says the U.S. has made mistakes that will result in a depression worse than 1929 @peterschiff

#peterschiff #useconomy #greatdepression

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“Got money for wars, but can’t feed the poor.” -Tupac

Chadisms
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I went to the grocery store...Progressive can of soup, $5.00. Oil change and tire rotation, $179.00. Breafast alone at IHop with tip, $30.00. This is all in one day, I was traumatized. Yeah, there is definitely something wrong.

bernadettehorowitz
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The dollar is literally being destroyed / debased / devalued. I just want my money to keep outgrowing the inflation rate. How do i invest about 250k i have parked in the bank and what strategies do i employ to make significant gains and stable cashflow?

mandyyonge
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The difficulties that the current generation faces are quite depressing. I wanted to know how to use some money that I had. I used a small portion of it for online sales, but that failed. My primary concern is safeguarding my $300K stock portfolio from loss, but I'm not sure how to go about it.

carter
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Actually, they're not telling us it's sunny when it's raining. They're PISSING on us and telling us it's raining!

dolfinwriter
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We must spread the word, that the whole system is corrupted, sick and rotten.

shareyourfare
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The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25, 000 a year.

rannyorton
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Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

chris-pjrk
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My favorite Peter line "it’s not that I’m so smart, it’s that they are so dumb" 😂

bellad
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I worked 28 yrs at a semiconductor company and just quit. During most of my tenure, they were a $50million/yr. company. Now they are $70million+ company with 3 less engineers in my group than before. The stress is unbearable. I feel bad for our children. The corporate greed doesn't care about you at all.

Steven-hkwb
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The rent is crazy. Food prices are out of control. The jobs not pay any money. It's crazy now

motherandson
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The US government also has to stop funding other nations issues and wars and start focusing on our issues here

ryanqutob
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“Where are people getting that money” - I can’t go grocery shopping without being treated like a criminal. Literally. They force you to use self checkout then stand over you watching like a hawk in case you might steal something. I used to love grocery shopping. Sad.

christinecortese
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Americans thisnguy Peter Schiff is a gem. I am a career banker and know that he is talking sense based on fundamentals of banking and economics. Please pay attention to his views and give him the respect he deserves. US needs more such people at the helm of affairs to protect the interests of all the US nation and its future generations

MAR-ltxo
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The swamp is indeed extremely deep and viscous. Corruption is embedded too deeply for a few good men to overcome

gothicpagan.
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Mistakes? Looks more like malfeasance, corruption, and greed.

yondermountainjamfan
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You know it's bad when you start skipping things you used to buy because the price has almost doubled.

Kielforreal
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This country can only fail from the inside. It’s rotting to the core

Rockstar
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I have always been poor. I'm now so poor Ive asked the government for assistance and they told me I don't make enough. I asked for food stamps, they said I make too much. I'm on disability to boot. No joke this actually happened to me recently. Im so frustrated.

kennethcheesbrough
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Our country is already bankrupt.And their still borrowing to fund what they're spending.God help us .

uhpekwl
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