A Great Depression By 2025? – The Man Who Called The 2008 Recession Sounds The Alarm | Peter Schiff
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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.”
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@TomBilyeu
October 10, 2025 at 1:44 pm
WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
@davidnorton7437
October 10, 2025 at 1:44 pm
You cannot prepare for the coming depression because the one coming will be different from anything we have experienced before. The people with the most to lose will lose the most.
@polok890
October 10, 2025 at 1:44 pm
Creepy utubers is a big problem too
@drblitz3092
October 10, 2025 at 1:44 pm
Nothing happened
@mohamed-u5g7f
October 10, 2025 at 1:44 pm
Inrerest rate, spreading femenism, lgtbq, force taxation, supporting genocide, going to wars overseas destroy countries, printing money ext.. all sins have price USA is pating and will pay even more ! and God punish !
Now inflation unemployment immigration crisis 2008 crisis low fertility rate very high debt ect..
@joelherzog6571
October 10, 2025 at 1:44 pm
he hits the nail on the head with the fact they are distorting the numbers, deception by design. It's the rate and scale of the distortion that alarm everyone. Instead of trying to compare generations, it's now year to year decline in standard of living going off the cliff
@michellepayne447
October 10, 2025 at 1:44 pm
He’s speaking the truth ❤
@ZombieAudits
October 10, 2025 at 1:44 pm
Guy is a nut case
@DeekJohnson
October 10, 2025 at 1:44 pm
End The Fed….it’s a private bank cabal print money from nothing…
@lupemerrit
October 10, 2025 at 1:44 pm
Who is responsible for exporting production overseas? Where were these experts when this was being done?
@jaydnhubbard5951
October 10, 2025 at 1:44 pm
I have an issue on what he said bout minimum wage without a minimum wage what’s to stop companies from saying “10 an hour is a lot”
@WilliamFoley-t4c
October 10, 2025 at 1:44 pm
I don't know how a human can live a healthy life while being very very negative for decades😮
@thehypocriticalcynic9182
October 10, 2025 at 1:44 pm
White supremacy is anti-parity.
Great Depression:
An, "inflation-monster," ate the generational-wealth of the new middle-class.
German; Irish, Italian, & Jewish people werent white yet, but chose to thrive.
Is WWIII against the middle-class worldwide?
@AGSB-g7q
October 10, 2025 at 1:44 pm
While I enjoy many of the episodes, the guy is a ridiculous idiot spewing complete garbage. I wouldn’t even go so far as to say he’s misinformed, this is intentional propaganda. First he says, the way we grow wealth is saving, then says you don’t get rich from hoarding… and that the wealthy need to keep their wealth because they are doing so well at “putting it out there” and creating product. Huh ? If that’s the case, why is there such disparity of wealth? If capitalism is so effective, what’s happening? Because the government he’s complaining about and blaming is comprised more than ever now of billionaire capitalists, and look at the laws they’re introducing. Oh, and if the rich will voluntarily help the poor, why aren’t they now? Oh I guess it’s because they’re over taxed and they have to choose between that and buying a new $400M super yacht.
This guy’s delivery of economics seems like he learned it from a children’s coloring book about hard work but written by a kid that just came home from stealing the neighbor’s lemonade stand money.
Again I’ll say, it’s pretty obvious from his shuddering around the lies that he knows he’s lying.
A Jewish guy saying you have a right to discriminate? Dude has lost the plot about what happened to his own people. Total Idiot
@cintroberts6614
October 10, 2025 at 1:44 pm
It is already here in some parts of the country.
@SteveHartman-my9rg
October 10, 2025 at 1:44 pm
Tax rich 90% this is Reagan's gault
@simonsagmor5367
October 10, 2025 at 1:44 pm
Spot on about wives' spending 😂
@SteveHartman-my9rg
October 10, 2025 at 1:44 pm
Tax rich 90%
@SteveHartman-my9rg
October 10, 2025 at 1:44 pm
Prob is no FDR to rescue us
@SteveHartman-my9rg
October 10, 2025 at 1:44 pm
Prob is no FDR to rescue us
Comments are closed.