Surviving and Thriving in a Potential Economic Crisis: Insights from Peter Schiff on a Recession Hitting Harder than 2008

Restart Your Life in 7 Days: This episode is sponsored by Aura. You can try Aura for free for two weeks at The Smart, Simple Way To Stay Safe Online. Living through the financial collapse of 2008 was one of the biggest economical swings this current generation has seen, until now? It’s hard to see what’s actually happening when you’re in the middle of it, and that’s exactly why I bring experts with a wide range of experiences and insights to the show. A lot of you are in the crossroads and feeling the pain of how much higher your grocery bill is for the same amount of food. If you were on track with a decent savings account a couple of years ago (especially if you took advantage of the stimulus money that got us where we are now… we’ll talk about that today) you noticed your savings are virtually non-existent now. Working 2 to 3 jobs was once reserved for the hustler on a mission trying to work towards something major, and now it’s the standard for many people just to make ends meet! My guest today not only accurately predicted the 2008 financial collapse, he’s a seasoned Wall Street prognosticator known for his spot on predictions of the stock market performance, including gold, commodities, and the might dollar. Peter Schiff is breaking down for us the mind-games government uses with data to ease the pain we all know to be a rapidly declining standard of living and exposing how the Fed’s inflation strategies are destroying the American economy. - Expose the fallacy of inflation being needed to stimulate the economy and spending - Capitalism's role in creating freedom and opportunities - Why anti-discrimination laws create more prejudice Is a depression greater than the Great Depression we all ready about in US history on the horizon for the US? If record numbers of credit card debt and student loan debts serve as any kind of indication of what’s looming around the corner, you’ll want to take notes and really think through this for yourself and your family. This is Impact Theory and this episode is about thinking through not just how to survive the next economic crisis, but how to get ahead of most and actually thrive. PETER SCHIFF QUOTES: “When the government prints their way out of a short term problem they print their way into a an even larger long term problem.” “The fact that we have an economy that is based in spending, that is the problem. That’s part of the bubble, we have a bubble economy. A legitimate economy would not be based on spending, it would be based on savings and production.” “Money is supposed to have real value. It’s not supposed to be conjured into existence out of thin air by a central bank.” “A lot of people believe that capitalism is evil, but capitalism is the least evil economic system that exist.” “Capitalism created the American middle class. Without capitalism there wouldn’t have been a middle class. There would have just been a bunch of poor people and some rich bureaucrats at the top that were sucking the life blood out of everybody else.” “You don’t get rich by hoarding your money because if your money is hoarded it doesn’t grow. The way people get rich is by investing their money, by creating economic growth, by producing more products, by providing more employment.” “The inherent flaw isn’t capitalism, it’s democracy.” Follow Peter Schiff: Website: YouTube: Twitter: Instagram: ...(read more)

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LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing

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A Recession Worse Than 2008? - How To Survive & Thrive The Next Economic Crisis | Peter Schiff The year 2008 saw one of the worst economic recessions in recent history. The global financial crisis not only brought down the world's largest financial institutions but also led to mass unemployment and a severe decline in economic activity. With the memory of that crisis still fresh in our minds, renowned economist Peter Schiff believes that we may be on the cusp of an even worse recession. In his latest book, "A Recession Worse Than 2008?," Schiff outlines his reasons for predicting an impending economic crisis and offers insights on how individuals can not only survive but also thrive during such challenging times. While his predictions may seem gloomy, Schiff encourages readers to take proactive steps to protect their wealth and make the most of the opportunities that a crisis can present. Schiff begins by highlighting the fundamental weaknesses in today's economy. He argues that over reliance on debt, both at the individual and government level, has made us more vulnerable than ever before. Additionally, he points out unsustainable government spending, artificially low interest rates, and a lack of true economic growth as other critical factors contributing to the vulnerability of the global economy. Drawing parallels to the Great Depression, Schiff warns that the next economic crisis could be even worse than the one in 2008. He believes that it could result in a severe market crash, skyrocketing inflation, and widespread bankruptcies, leading to a significant decline in living standards for many people. While sounding the alarm, Schiff also presents strategies for weathering the storm and even capitalizing on the crisis. He emphasizes the importance of diversifying one's investments and taking a contrarian stance, which involves betting against the conventional market wisdom. Schiff advises readers to consider investing in assets like gold and silver, which tend to retain their value during economic downturns. Furthermore, Schiff encourages individuals to reevaluate their spending habits and adopt a conservative approach to personal finance. He emphasizes the need to reduce debt, increase savings, and develop multiple streams of income. By adopting these habits, individuals can have a financial cushion to weather the storm and potentially seize lucrative investment opportunities during a crisis. Schiff also argues for the importance of acquiring financial knowledge and being well-informed about the current economic situation. He urges readers to pay attention to economic indicators and make decisions based on sound analysis rather than emotions or popular sentiment. While some may dismiss Schiff's predictions as fear-mongering, it is undeniable that his track record of accurately predicting the 2008 market crash gives his warnings some credence. He is known for his contrarian and outspoken views, which have often been met with skepticism by mainstream analysts but have also earned him a loyal following of investors who appreciate his ability to identify trends before others. In conclusion, Peter Schiff's "A Recession Worse Than 2008?" provides a thought-provoking analysis of the current global economic situation. While his predictions may be alarming, Schiff offers practical advice on how individuals can navigate the impending crisis and potentially capitalize on it. Whether readers agree with his views or not, his book serves as a reminder that being proactive and well-prepared is crucial in uncertain times. https://inflationprotection.org/surviving-and-thriving-in-a-potential-economic-crisis-insights-from-peter-schiff-on-a-recession-hitting-harder-than-2008/?feed_id=135521&_unique_id=6500fb6ae05be #Inflation #Retirement #GoldIRA #Wealth #Investing #ImpactTheory #ImpactTheory #InsideQuest #InsideQuest #inspiration #Interview #motivation #motivationalspeech #peterschiff #SchiffRadio #SchiffGold #TalkShow #TheoryImpact #TomBilyeu #TomBilyou #TomBilyeu #BankFailures #ImpactTheory #ImpactTheory #InsideQuest #InsideQuest #inspiration #Interview #motivation #motivationalspeech #peterschiff #SchiffRadio #SchiffGold #TalkShow #TheoryImpact #TomBilyeu #TomBilyou #TomBilyeu