Peter Schiff - U.S. Government is Broke Trade Your Fiat For Silver and Gold

Patrick Vierra from Silver Bullion Television spoke with economist Peter Schiff. Peter says the U.S. government is broke and needs to level with the people. Along with that unemployment numbers are much higher than we are being told. With gold hitting all-time highs again, is this now the time to trade in your fiat currency for gold and silver? If not what are you waiting for?

Discussed in this interview:
00:00 Introduction
04:57 Fed outlook and guidance
09:06 Jobs and housing markets
19:57 Level with people about the debt
24:45 U.S. was bailed out / BOJ now stuck
32:56 Reasons to own gold and silver

Silver Bullion Television Twitter: /sbtvsingapore
Silver Bullion Twitter: /silverbullionpl

[kerstenukatz]

Peter belongs to the few people in this world who know what they are talking about.
Greetings from Germany

[islandaerial]

Reminder: Gold is a Tier 1 asset. That is all one needs to know

[Alexander-gqs]

These guys should be standard courses in our schools and university programs, Oh but that would make too much sense and give our young people a solid footing in finances for their future decisions, we can only hope !

[bonitaroache]

If you want to understand any problem in the United States, understand who stands to profit from the problem not who suffers the consequences

[JakesCustomParts]

Wow ... Awesome... I'm a big fan of Peter 👍🏻

[frederickmuhlbauer]

Hey Patrick Always loved Peter Two good guys together Perfect Enjoyed your interview brother Cheers

[jean-louislalonde]

And just like that, POOF! 818 000 jobs were never created...

[rupertsalas]

No one on earth can explain the real job market like Peter does, he always makes sense.

[sandytheisen]

The FED needs to stop passing super bills that hide where the money goes! No more black opts. payments where the money disapears.
Get rid of whole department such as FBI, homeland, deptment of education, state department, food and drug, lots of other departments that are enlarged and does really nothing.

[ronfesta]

Me thinketh wow Peter Schiff that knows everything one needs to know about money., well

[JWFitness]

Sounds like we really need ro start "exchanging" these dollars for assets before they become worthless.


"Assets" can include precious metals, food, ammunition, energy sources, clothing, etc etc etc

[raydemos]

people are trapped into home ownership with rising insurance and property taxes, Cheap interest rate mortgages mean nothing anymore

[pitstopman]

Printed covid free money..and now we are in shit

[rockytop]

Social security is not a entitlement. Working class paid that bill. Screw us and individuals will begin burning xyz

[petejames]

this is exactly what my plan is hold gold till the DOW /gold ratio comes to 1-1, but say gold is $50, 000 DOW 50, 000, so you would sell your gold and buy a DOW etf, so what happens if you buy the dow at 50, 000 and it falls back to say 30, 000 and gold keeps going up?

[davep]

Peter isn't aware of regional housing markets beginning to crack all over the U.S.? Only takes a few percent of homes in an area to sell to reset the comps.

[wrpellerin]

Peter should not use the word "We" when referring to the US Corporation.

[Kalygins]

I agree with pretty much everything Peter is talking about. But if he thinks that BTC is "fools gold"" or "nothing" as i heard him explain before, then why would he accept BTC payment when he sells gold..

[TheHosh]

Has SBTV not been pushing their podcasts to the players? Podcast republic hasn't had an update for this channel since June 7th...

[HollywoodRpi]

Stop pushing cutting Social Security. Cut all foreign aid and start paying off the loan. Once paid its not it the budget.