Will the US Dollar Crash?

Peter Schiff discusses Bitcoin, gold, the US Dollar and cryptocurrency on Yahoo Finance's The Crypto Mile. Recorded 6/5/23

[NicholasBall]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[ChristopherAbelman]

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

[alexsteven.m]

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stocks and oil trading, it seems that a new multilateral world order is on the horizon.

[yashpalw]

You can hear a lot of people on YouTube, but nobody beats Peter Schiff.

[BenjaminMcLeod]

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 favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[bicmitchum]

THAT was probably the best 10 minutes of Peter Schiff I’ve seen in a long time! Love you, man! You nailed it at the end!

[MaximilianFischer]

The financial market is a potent vehicle for building immense wealth. Simply saving money yields modest annual gains, whereas investing can catapult your portfolio by a significant percentage each year. This distinction is vast. Personally, my net worth has soared by $800, 000 since Q4 2019, a testament to the power of strategic investing.

[KingDavid-jjtk]

A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[tari]

Prior to going off the gold standard, Americans did not benefit from CHEAP foreign goods. They benefited from QUALITY American goods. Americans all had jobs. They had a great lifestyle. One wage earner provided a house, a car, vacations, education. Then the big companies went overseas for cheap labor. The government went off the gold standard so they could overspend. Americans got screwed. No jobs, cheap goods, inflation. I know because I lived thru it.

[erikavarga]

That backround and music is annoying. Here for the content.

[Nernst]

The financial sector and derivatives may have a Hindenburg moment if the US Treasury market collapses.
Rising market illiquidity in the $14.8 trillion U.S. Treasury market, according to Bank of America, might affect other financial markets.

[Sandwichking-hikes]

I’ve come to the scary conclusion many Americans are content with massively increasing debt to keep status quo and okay with continual foreign wars with millions of casualties overseas as long as they don’t see Americans as the ones suffering. If there is a rally against foreign wars hardly anyone shows up and people that do get angry looks and criticized. They will push debts and wars until it catastrophically collapses because that’s what the people want. I’m not exaggerating

[neverleverland]

"Everybody's going to have to take a haircut to avoid a crew cut" thats a good one.

[heping]

I totally agree with Peter Schiff, the only reserve currency is gold or gold back.

[kieranshaw]

The background makes me feel like I'm on drugs and I'm not even on drugs.

[tanneres]

They couldn't have put a little table between them? His phone and glass of water are on the floor. And not the best background.

[jeffreygoss]

Love this light show. Peter is explaining how to save America and I’m expecting Pink Floyd to ring out.

[acethirsk]

We drastically need major major federal govt spending cuts. We don’t need a department of education - it’s the states responsibility. There’s so many entitlements and so much wasteful spending. Massive spending is driving inflation.

[buildorder]

Great content brilliantly enunciated by Peter; just a pity someone decided to spoil the presentation with irritating background music and light show!

[ardentenquirer]

This is a Peter PUMP

Peter keeps captivating his audience as he passionately shares his knowledge, leaving a trail of enlightenment in his wake. With every word he utters, people eagerly absorb new insights and gain a deeper understanding. His captivating presence and dynamic delivery keep the crowd spellbound, fostering an environment of continuous learning and growth. Peter's remarkable ability to engage and educate has turned him into a beacon of inspiration, illuminating minds and igniting a thirst for knowledge.