Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Peter Schiff" channel.

  1.    Like I said, capitalism is about taking risks. You can invest in stupid things and lose all your money in a capitalist economic system. It is all about buying and selling things. You can sell people crap like Bitcoin, Cryptocurrencies, junk bonds, defective crap products, and the only people who will be laughing themselves to the bank are the people who sold these trash assets to people. The people who bought it will be crying, have broken families, end up destitute, and homeless. That's reality.
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  2.    con artists are good at telling people what they want to hear. They go after people who are in distress, and pretend to sympathize with them. The stupid people who believed these con artists only realize their pockets were picked after they find their pockets to be empty.
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  3. China will buy up US real estate.
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  4. Alex Jones is a tinfoil hat conspiracy theorist what do you expect, and he is a die hard Trump fan as well.
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  5. We do have a militia in the U.S.A., it is called the National Guard.
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  6. The middle class was a recent phenomenon. Throughout history, you had only two classes of people, the dirty poor and the filthy rich. It is your choice, you can become rich or you can be left behind. I am going to ride the market and make my fortune. You can hope for the collapse that will never happen and become impoverished.
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  7. Hyperinflation will happen when foreign treasury bond holders decide to sell all their treasury bonds. Then, the US will be in a very vulnerable situation, the Fed Reserve can print all the money they want and bail out every single person, and bail out every failed institution, but this money will not buy much. A lot of stuff we use is imported from other countries, and the price of those goods will go up a lot. This will lead to the US dollar no longer being the world reserve currency, and when that happens the cost of all imported goods will no longer be cheap. We don't even have shoe factories, textile mills, semi conductor foundries, electronics component manufacturers, etc. If you want to buy a smartphone, it will become a lot more expensive to buy, because the money has been very undervalued. In addition to that, you have high tariffs thanks to Donald Trump, so the price of those imported goods will be 30% more. We need parts for tractors, farm machinery, machinery in automated factories, parts for automobiles that are assembled in US assembly plants, parts for automobiles, electronic components to build more complicated machines, etc. If you don't get those parts then the whole economy will stall. The price of those things will go up a lot, and that will be passed on to the consumer.
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  8.  @tonial5789  Most of that money is going to be paid out to the same incompetent corporations who caused this mess. The government is rewarding stupidity, incompetence, and greed. As for the regular people, they will just give us enough to just get by. If masses of people can't get enough to eat, people will become crazy and violent. You cannot have that now can you.
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  9.  @tonial5789  I wouldn't be surprised if the government sends everyone a $1000 check per month when this next great depression hits. When people get desperate, they will do crazy things, especially in a country where you all these small arms. You would have to buy an armored personal carrier to go to the grocery store. LOL
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  10.  @tonial5789  In America, you have big fat people who will think the world has ended if they can't eat for one day. If they don't eat lunch, they will probably eat other people. You never seen a hog in the wild have you? A hog will eat anything, just like these big fat people.
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  11. Bitcoin is a store of value. LOL
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  12. It is all very simple. Money is debt; therefore, if you create more liquidity in the economy everything will get better. Will there be hyperinflation due to the increased liquidity in the economy? Only if productivity is very low, but this is not the case in the United States. The GDP is higher than any other time in US history due to technology. So there are no problems, they can increase the debt ceiling every time, and we will have no hyperinflation!
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  13.  Truth  Stop trying to project your pathetic excuse of a life on everyone. Just because you collapsed economically, doesn't mean everyone will collapse like you. People who didn't get themselves into excessive debt, paid off all their debts, and saved their money will survive this. They may even thrive by being able to buy undervalued assets. It sounds to me, people like you have a lot of anxieties due to the fact most of you doomtards were probably the most financially irresponsible people out there. Just because you lose your livelihood, lose everything you own, and end up in the street isn't EVERYONES problem. It's your own problem.
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  14.  Truth  It seems like people who are really not doing well economically are very angry and want to blame everyone. They want to take everyone down to their level. Is that why people like you voted Trump? Just because you people are fucked, you want to take down the whole US economy. You want us to be destitute like you, right? You want this whole economy to collapse. Isn't that why you people are drinking yourselves to death, taking drugs to numb away the pain?????
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  15.  @staffananderstig4821 nope, we will have to buy made in India, Nepal, Vietnam, etc. As for electronics, we will still be buying made in China, because they have all the infrastructure and technical know how.
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  16.  @shortfuseband  you know what, when we head into another recession, we all know who to blame. We can all safely blame Donald Trump. Peter Schiff is quite an intelligent guy, he knows Trump will not be win the 2020 election. You're fake president will only be a one term president, he can blame everyone he wants for the coming stock market decline and the recession that proceeds it. We all know Trump caused it.
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  17. That's false, because we had recessions before we had a Federal Reserve Banking system. Panic of 1785, Copper Panic of 1789, Panic of 1796-97, recession of 1802 to 1804, Depression of 1807..... Panic of 1857, recession of 1860 to 1861, Panic of 1873, etc, etc. Lastly, the Panic of 1910 to 1911, which led to the creation of a central bank of the USA aka Federal Reserve Banking system. You people are really very poorly educated and ignorant of real history. You just cherry pick what you want from history. You will always have recessions in a free market economy, it happened before we had central banks. We had many depressions, and recessions in history, yet we survived through all of them. People who were over leveraged lost everything, so what. People make dumb choices, they suffer the consequences of those bad decisions. Stop blaming other people for your problems loser. This is why losers like you voted for Trump.
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  18.  Truth  is your name Truth or TOOOTH. LOL
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  19.  Truth  my name is tooooth, and I know the toooooth. I told people to prepared for a total collapse scenario for 10 years. Never happened. All the financial advice people like tooooth gave to people turned out to be not! LOL
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  20.  @shortfuseband  you're a stupid troll. Lisa, just ignore shortfuseband, he is a loser troll who lives in his mommy's basement. The best way to counter trolls is by ignoring them. They are already ignored by society, so we can ignore them here as well. LOL
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  21.  @shortfuseband  it isn't my fault, you are a stupid and incapable of being successful.
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  22. They voted for this bill, because Donald Trump told them to do it. LOL
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  23. Blockchain and cryptocurrencies are two different things. The Blockchain technology has its good points, but it also has bad points as well. The good points about Blockchain is that you can use a decentralized network of computers to get a confirmation. The bad point is that you can't delete this information once it is entered into the blockchain. The information that was entered can be wrong, and there is no way to delete that info. Since the blockchain is public, private records can be hacked, and everyone can view it. That is why a centralized network is better, because you can easily delete the information or change wrong information. You can secure it so it doesn't become public. This can't be said about blockchain technology.
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  24. You can believe whatever you want, but reality is reality.
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  25. I don't trust private militias, because I don't know what they stand for.
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  26. Bitcoin cannot be manipulated by any government; however, it can be manipulated by the people who hold the majority of Bitcoins. LOL Governments can tax you heavily, but the average person in the street can screw you also. If you get snared into a pump and dump scheme, you can lose a lot of money. LOL
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  27. that is why you should buy stocks.
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  28. I believe it, because I am living in it. The economy really is getting better, the unemployment numbers are going down, more homes are being sold, more cars are being sold, more stuff is being produced in the U.S.A., the stock market rebounded, gold+silver are being crushed. Welcome to the recovery!
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  29. Bitcoin doesn't come close to gold in anyway. LOL
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  30.  @MrB1923  no government in this world will take it as payment for their taxes. No bank will accept it as a debt payment. What can you buy with it?
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  31.  @MrB1923  If your Bitcoins get stolen, you can never get it back. If someone stole my credit card and used it, I can call the bank, and they can do a charge back. This is because there is arbitration. Anyways, the exchanges where you put your Bitcoins are regulated, so you better provide all that paperwork to the government at the next tax season. If you don't, the IRS will simply audit you, and you know the IRS right? There is no due process with them, you are guilty until you prove yourself innocent, not the other way around. The IRS can look into your credit card history, bank history, find out how much you deposited into coinbase, your bank account, etc. All they have to do is subpoena for those records from the cryptocurrency exchanges or your bank. If you bought a $100,000 car, the auto dealer is required by law to report any transactions over $10,000. There is no escape.
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  32. If the Fed reverses policy to cut rates, we will just have higher inflation. Either way, you will pay for it. $6/gallon for gasoline or raise interest rates.
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  33. It is true Herr Lamia, the weather has been strange around the world, and this does affect corp production.
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  34. How much is 1 AIM-9 Sidewinder missile? $50,000-$60,000. How much oil does the U.S. have? The U.S. has more than 1 trillion barrels of oil if you add up the shale reserves. How much is 1 F-16 fighter? $16-$20 million. How much is 1 Boeing 747? $248 to $350 million. The U.S. produces things of high value, and it has tons of natural resources. The U.S. will be fine, you'll see.
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  35.  @Leeyouno  I guess, I was wrong.
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  36. Militias in early colonial America were used for the following. Put down slave revolt, fight Indians, used for policing, fight foreign invasion, etc. They didn't have a strong national army or a police force in the early period of the U.S.A.. In the early days of the Roman Republic, you had a militia system like in the USA. Every man had to buy their own weapons for the collective defense of the city state.
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  37. Max Keiser is a conman, he was telling people to buy silver to crash J.P. Morgan. That never happened. He just pumped up the price of silver and dumped it after it went up to $50/oz.
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  38. You just don't understand how fast robotics and computer technology is advancing. There will be automated drones in a few years from now. You have aircraft that can land without a pilot, it would take about a decade before AI exceeds human intelligence. You will see humanoid robots in a decade if not sooner.
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  39.  @muddyriverdogz  The US dollar became the world reserve currency after World War 2. Remember, the US won World War 2. Tariffs and duties were relaxed after World War 2. Tariffs were gradually replaced with income tax. Prior to Trump, we had high income tax, and almost no duties or tariffs. Now, you still have high income tax, and Trump is pushing for higher tariffs. Something has to give, or you will have people literally not having enough money to provide for themselves. They can use credit cards and debt to an extent, and these will eventually have to be paid back with interest.
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  40. Hey, I have a family to support, and others do too. If you aren't contributing to that, be quiet.
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  41.  Actual Scientist  Gasoline would have to be $8/gallon when that happens.
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  42.  @scabu3  In today's money $50 in 1980 is equivalent to $156.50. $1 in 1980 is about $3.13 in purchasing power today. Silver hasn't kept up with inflation. On the other hand, gold was $800 in 1980. In today's money, gold should be $2504. Gold also didn't keep up with inflation. If you bought Toyota stock in 1982 when it was $14/share, and today it is about $127. If you invested $50,000 in Toyota stock, $50,000 in silver, and $50,000 in gold. Toyota stock = $453,571 silver = $23,000 gold = $116,250 kept it in cash = $50,000
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  43.  @scabu3  No it was not. A loaf of bread in 1980 was about 50 cents.
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  44.  @scabu3  A loaf of bread in 2020 costs about $5.00. A loaf of bread in 1980 was about 50 cents to 75 cents. Silver was never a good investment. You could have made much more money investing in stocks, or investing your time learning computer programming than investing in silver.
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  45. The only way for the economy to totally collapse is if we had World War 3, or a devastating natural disaster.
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  46. Peter, most of these broke ass millennials can't afford to buy an ounce of gold.
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  47. Trump is a flip flopper.
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  48. Regulations are the root cause of people being replaced by machines? You can't halt technological progress my friend. Once someone invents the better mouse trap, everyone will start to use it. I am sure regulations have a part to play, but it isn't the sole reason. They will be replacing Chinese workers with automated machines in the near future.
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  49. Most of those dollars are in East Asian countries that have very high population densities. A country like China has about 1.2 billion people, and China might have about $2+ trillion in U.S. bonds or more, but what is $2 trillion over 1.2 billion? That amounts to $1666 per person in China, and that isn't a lot. China, Japan, S.Korea, and Taiwan needs the U.S. to buy their goods. In turn, they buy oil, natural gas, agricultural prod, timber, minerals, medicine, heavy machinery, defense equip, etc
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  50. It is so predictable isn't it. LOL
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