Peter Schiff: Please Listen! “Take Your Money Out Of Banks And Buy This To Survive 2024 Recession”

June 12, 2024

Peter Schiff: Please Listen! “Take Your Money Out Of Banks And Buy This To Survive 2024 Recession”

MrBigMoney How To, How To Invest In The Metals Market 22 Comments

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I’ve tried my best to warn people until we have a lot of pain and suffering nothing’s going to change and as long as the government can bail everybody out by printing money they’re going to do it but with if I’m right and I’m convinced that I am and we have massive inflation that hopefully doesn’t become hyperinflation but he could but things are going to be so bad that people may finally have enough of a belly full of government that they just puke it all out this financial crisis that we’re headed for is worse than the one we had in 2008 it’s going to make 2008 look like a Sunday school picnic which is why I think we’re going to have a dollar crisis instead the FED is not going to sit back and let all this happen they’re going to think they can make it all go away with massive quantitative easing more money printed because hey it worked before it worked in 2001 you know it worked in 2008 it worked during covid so we’ll just do it again well you know what it’s not going to work this time it’s like you know you can only take so much of a drug until you die of an overdose and every time we did more of this monetary heroin we had to up the dosage because we kept upping the problem but it’s so big right now that if the FED tries to drug us up again the amount of monetary heroin that would be required would would kill us and that’s kill the dollar right and and and everything is going to come toppling down the best thing you could do if you want to try to save yourself financially but also maybe have a positive impact on the rest of the world don’t go broke don’t go down with this ship get off the ship right get in a Lifeboat so that when everybody else is drowning you can reach in and pull them out right so preserve your own wealth and the way you do that is take your money out of the bank in today’s economic landscape where uncertainty looms large and the future of global Finance hangs in the balance Peter Schiff a heavyweight Economist known for his unflinching forecast delivers a stark prognosis he warns of an imminent Financial Tempest stirred by runaway inflation and a rapidly weakening US dollar factors that could lead to a catastrophic economic downturn as treasury yields climb and the Dollar’s value Teeters on the brink shift points to one asset that he believes not only will weather this storm but surge dramatically in value this bold prediction sends ripples through the financial World urging investors to rethink their strategies and Brace for potential upheaval so stay tuned as we delve deeper into schiff’s alarming Vision dissect the forces at play and explore the implications for your Investments this isn’t just another economic update it is a crucial guide through the Brewing Financial storm so let’s dive in talking to social media platform x shift presents a narrative filled with caution and forewarning particularly targeting wall Street’s apparent complacency towards rapidly accelerating inflation he boldly claims that the shock awaiting the financial markets could surpass the turmoil experien during the 2008 financial crisis with treasury bonds potentially mirring the catastrophic downfall of subprime mortgages Wall Street will be totally shocked by just how fast inflation heats up it’ll be an even bigger surprise than was the 2008 financial crisis worse runaway inflation will Usher in an even larger financial crisis than 2008 as treasury bonds become the new subprime mortgages shiff stated in a stark tweet that has since reverberated across Financial circles despite the uptick in consumer confidence reported in May Schiff casts a skeptical eye on its sustainability he argues that the optimism is misplaced and likely temporary as year ahead inflation expectations have alarmingly Spike to 5.4% the highest since December of the previous year Schiff suggests that if consumers fully grasp the potential for inflation to escalate well beyond 5.4% their confidence would significantly Wan this underestimation of inflation’s trajectory he warns could lead to severe repercussions for economic stability and consumer spending power adding another layer to his economic prognosis Schiff discusses the current strength of the US dollar relative to other Fiat currencies a factor that has so far shielded American consumers from feeling the full sting of inflation however he predicts a grim turn of events so far the strength of the hashtag dollar relative to other Fiat currencies has protected us consumers from feeling the full sting of hashtag inflation but once the dollar rolls over that protection will be lost and inflation will take a much bigger bite out of consumers’s purchasing power shiff elaborated his predictions do not stop there shiff foresees an explosive breakout in gold prices coinciding with a breakdown in the US dollar this Dynamic he asserts will dismantle the current Narrative of a soft landing and controlled inflation catching most investors off guard an explosive breakout in # gold will likely accompany a breakdown in the US dollar as the soft Landing slf falling # inflation narrative falls apart most investors are completely unprepared for this outcome shiff warned emphasizing the urgency of adapting investment strategies promptly shift’s analysis extends Beyond immediate financial indicators to broader economic trends that suggest deeper issues at play he highlights the rising yields on Treasury bonds driven not by economic strength but by the federal government’s loss of control over the national debt and the Federal Reserves faltering handle on inflation this situation according to ship is creating a perilous environment similar to the one that led to the subprime mortgage crisis suggesting a potential repeat of such catastrophic Financial events moreover shift points to the widening us trade deficit as a symptom of a nonproductive economy in April the trade deficit in Goods reached 99.4 billion dollar marking a 7.7% increase from the previous month and setting a record as the largest monthly Gap since March of 20122 Schiff interprets this as a clear indicator of economic inefficiency that will likely precipitate a drop in the dollar and a corresponding rise in prices further exacerbating inflationary pressures as these economic pressures Mount shift’s warnings paint a stark picture of a looming crisis that could have profound implications for investors and consumers alike his advice is clear the time to act is now before the predicted upheavals become a harsh reality investors particularly those accustomed to the relative safety of traditional assets like treasury bonds are urged to reconsider their positions and prepare for a shift towards more stable Investments like gold which shiff posits as a safer Harbor in the storm that he predicts is fast approaching the best thing you could do if you want to try to save yourself financially but also maybe have a positive impact on the rest of the world don’t go broke don’t go down with this ship get off the ship right get in a Lifeboat so that when everybody else is drowning you can reach in and pull them out right so preserve your own wealth and the way you do that is take your money out of the bank you know don’t don’t leave it there you’re going to lose it one way or the other do something with it you could buy gold you can invest it productively outside the US you could buy quality stocks that pay good dividends that will rise with the falling dollar uh that will also you know go up with inflation because the businesses you know are selling things where they they have pricing power you know in an inflationary period you want to be in a business where you’re selling stuff that people have to buy not the stuff that they stop buying because they can’t afford the stuff they have to buy as the value of the US dollar Teeters on the brink of significant depreciation the implications of the Global Financial landscape are profound particularly in the gold market Peter schiff’s dire warnings about the Dollar’s future paint a picture of a scenario where a weakened dollar could substantially enhance gold allore as a safe haven asset this potential shift is crucial not just for investors but for the general economic stability across the globe a depreciating dollar typically makes gold cheaper for investors holding other currencies they by increasing demand and subsequently the price of gold shift predicts that this scenario will not only Propel gold prices higher but also severely diminish the purchasing power of American consumers this decline in purchasing power could exacerbate the economic tensions already present due to Rising inflation and geopolitical uncertainties adding weight to shift’s forecasts UBS recently adjusted its gold price projections upward citing a surge in demand from central banks and the ongoing Global geopolitical tensions the investment bank now estimates that gold could reach as high as $2700 an ounce by mid 2025 such predictions underscore the growing recognition of Gold’s role as a fundamental stabilizer in the portfolios of not only individual investors but also central banks during times of economic turmoil despite skepticism from some quarters the performance of gold in recent times lends some credit ability to shift views he has remarked on the Metal’s robust Market momentum advising investors to quote unquote just sit tight and enjoy the ride an indication of his strong confidence in Gold’s continuing value this stance is particularly resident now with inflation rates climbing higher than many official forecasts suggest a trend that chiff believes is significantly underestimated by figures such as Federal Reserve chair Jerome pal in the broader discussion of Global Financial systems Schiff also brings Bitcoin into the conversation expressing critical views on its impact and utility according to him the growing acceptance and interest in Bitcoin highlighted by the approval of Bitcoin ETFs could paradoxically benefit central banks and governments by diverting investor interest from gold this diversion shiff argues weakens Gold’s traditional role as a hedge against the fiat currency system thereby inadvertently supporting the very systems that cryptocurrencies seek to challenge shifts critique extends to the national debt crisis in the US which he believes could push the country towards a scenario reminiscent of early 20th century Germany’s hyperinflation the national debt which has more than doubled in the past decade points to a severe systemic risk that could potentially Elevate the value of both Bitcoin and gold however shiff sees gold as the more reliable asset contrasting its historical stability with what he perceives as the speculative bubble of bitcoin’s recent price movements in one of his tweets Schiff Illustrated the significant market capitalization that gold has amassed subtly critiquing the transient nature of bitcoin’s value surges his analysis not only underscores Golds enduring appeal but also highlights the potential volatility of and risks associated with Bitcoin especially in a financially unstable environment

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