Peter Schiff
Peter Schiff on NTD 8/30/23
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why is money creation logged as a debt …………………….why not account for it simply as increase in money supply
Government need to spend to prop up the figures in GDP growth. It is a smokr screen to the world showing increase in GDP to boost invrstors confidence.
Old news. Jesus is coming soon
Most of American leading politicians especially those in the current administration flunked their high school maths class.
Peter speaks the truth.
Blame the useless democrats .
Growing homelessness sounds like high unemployment to me.
there is regulation left to be eliminated in the US ? that's new to me…
Despite giving $75B to Ukraine and $2T to Afghanistan war and $32T debts, US regime can still continue to print more dollars to spend.
Government spending is beyond insane and nobody can stop it because everyone that has gravy government jobs or getting all the free money loves it
No worry, brandon will re export dollar to ukraine. Zelensky will be very happy to take that dollar
USA does not need a military service that big.
It needs to tax its rich.
Stop spending so much on the space race.
Need to get back to basics.
How long will the rest of the world continue paying the price for the US to continue pretending to be the richest nation on earth? Rich people don't live on unsustainable and unpayable debt.
lol @ Peter
😂no!
You're in the shit!
What you need is a 20% tax on your billionaires!
The little Kittens known as Americans have never been trained to understand how all this debt will ultimately affect them.
Kamel Back Hair A$$ … her finished "statement": American families are $400 away from Bankruptcy … Bankruptcy is within $400 for American families … If American families had an unexpected $400 bill, they could go Bankrupt … Bankruptcy is not good for American families especially if they have an unexpected $400 bill … a $400 bill, unexpected or not, could bankrupt most American families … Did I forget to say Bankruptcy is bad … for America Families … with a $400 bill .. that's all I can say about American Families … $400 bills … and Bankruptcy …. another word salad gone bad ….
Only 2 options coming-hyperinflationary dollar collapse like Venezuela OR debt default causing deflationary deprresion like the 1930s
Buck the Fanksters, buy Physical Silver 😎
Stop wasting tax money and National Debt on foreign aid, Talk about that !!!!
Dollar is Debt,
Debt is money of slaves,
In Gold we Trust 😎
National Debt: $32.8 TRILLION …. that's $32,800,000,000,000. …. and the interest payable is second only to Defense … about $700B … 2023 deficit YTD = $1.9TRILLION … 12/31/2023 National Debt will be $34,700,000,000,000!!!
Love Peter. It's a shame he isn't an advisor. But as he once said no president is going to get voted on a mandate of paying that money back through higher taxes. Which means the usa democracy only works in the black, or with much less debt thab it currently carries.
Don't worry, Biden will fix it, he'll print some more money.
Excuse me, it must be government stealing! 😢😢😢
Wgere in the world do they find these clowns? Seriously.
2:23 You lost me there. China is not a communist country. Educate yourself. The lead party is called communist party bc traditional reasons. Germany is led by the Social Democratic Party and surprise: they are not a socialist country.
The US government borrows more money and does this by printing money out of thin air.
This causes inflation.
The US government raises interest rates to fight the inflation.
The increased interest rates cause high interest payments on the debt and slows down the economy.
The US government refuses to raise taxes to cover the interest payments. So it borrows more money and the cycle continues. It's a death spiral.
Never should've borrowed money in the first place. Stupid is as stupid does.
china is not america's biggest banker that's false. china only owns about 3% of our national debt. the vast majority is owed to ourselves.
Government spending is 1/3 of our economy, that needs to change. Maybe spending $100+b on Ukraine isn't the best use of our tax money
The VP is bankrupt in a different sense.
Here is the “CURE” for USA NAZI bankruptcy – ww1, ww2 & working desperately on nuclear ww3. In TRANSLATION to common language – MURDERING & LOOTING!
I keep telling people, it's not your tax $$$ , it's just credit card money .
In healthcare specifically you should add. Healthcare is by far the most over-regulated industry in the country.
Pete for president
His massive deregulation comment has an FTX sized hole in it.
That government spending has not been on value-creating public infrastructure such as education, healthcare, food, but on destructive weapons and the military-fossil fuel-pharma-tech complex–the main benefactors of the politicians and, thus, the main beneficiaries of government spending
Even the conservatives in Canada are acting like communists. Doug Ford wants 1.5 million homes built by land developers. Sounds like something that would be done in China. Build the homes first and then the people will come.
The greatest threat to America is The American Government.
Peter has been doing a great job of the highlighting the loss of manufacturing and productive capacity in the US as a result of the fiat currency system, but simply "reducing regulations" will be no where near enough to allow the US to compete again, the tax burden on manufacturing must be dramatically lowered as well.
The majority of world's population are cheering as the U.S. government destroys the U.S. economy.
Dollars are finding their way back home boys. Hold on to your butts cuz stuffs gonna get expensive.
I’m favoured! Despite the ups and downs in the economy, I'm so happy withdrawing $32K weekly profit out of my investment I just cleared my mortgage 7 months ago and I give back 20% of my weekly interest back to Charity. People should learn to invest more and spend wisely than waiting on the Government
Aside from what Peter has outlined in order to fix the economy, we also need a media that will actually report facts as opposed to editorializing and putting their often misguided spin on things. How can you make proper decisions when you're being fed some other interest group's narratives?
I believe Japan is the largest holder of US debt. China 2nd.
Why don't we here all of this depressing news from our mainstream media?
God this guy is such a dishonest POS.
He's trying to sell you gold. He is ALWAYS trying to sell his gold to you. That's why he's always fear mongering.
Our mainstream media is so quiet about all of these issues that Peter is discussed.
Milei in Argentina is dollarizing their economy, to fight their 100% inflation. Oh well….