Comments by "Austin Kole Carlisle" (@AustinKoleCarlisle) on "Peter Schiff" channel.

  1. Peter, you've been a reliable source of common sense lately, thank you so much.
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  2. It all comes down to this, folks: only the addition of goods and services increases standard of living. the addition of currency or cryptocurrency does NOT increase standard of living. currency is a representation of wealth, and the more that exists, the less valuable each unit of currency is because there is only a limited amount of goods and services circulating at any given time.
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  3. a lower standard of living disguised as "freedom" and "independence".
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  4. the biggest pitfall with Crypto is that there is an unlimited number of crypto systems that can be created from nothing. the addition of more crypto-"currency" in our lives does NOT make us better off as standard of living derives from material goods and increased leisure in our lives.
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  5. Thanks for the routine dose of sanity in this crazy world.
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  6.  @23ofSeptember  it IS overblown. people are hoarding toilet paper for a virus that doesn't even cause diarrhea.
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  7.  @peterschiff  But never stop assuming we know what Raycon earbuds are.
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  8.  @peterschiff  I am so sorry you and your family had to go through that ordeal. God bless.
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  9. We all love you man. Hope all is well.
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  10. these crypto "investors" do not understand how wealth is created. it's the addition of more products and resources that makes our lives better--and yes this includes gold and silver. however, the addition of more currency in circulation--including crypto--just results in more inflation. we are not wealthier as a society by the addition of more crypto currency in circulation.
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  11. you don't need notes when you speak from the heart.
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  12. Pretty soon, the definition of inflation is going to be changed to "the unexpected price increase of the price increase". in other words, if the Fed expects 5% rising prices, and we experience 6% rising prices, that's "1% inflation". Mark my words.
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  13. that moderator was horrible. he frequently changed topic and hardly gave Peter a chance to reply after the Marxist.
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  14. If you truly believe in what you're saying, you're never afraid to have it challenged...*cough* Biden *cough*.
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  15.  @JonNobleNobelOne  dont worry, soon enough they'll rebrand it to "Two-Dollar Tree"
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  16. Yes, Peter should have brought up the reduction in quality and size of food as an example of inflation not manifesting as "higher prices".
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  17.  @Oskisono97  nonsense. look up the National Recovery Administration. it was full of ass-backwards economic logic, such as preventing prices and wages from falling, which only exacerbated the recovery.
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  18.  @totalbullion5882  beanie babies were a great investment--until they weren't.
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  19.  @owenbenjaminshapiro6285  200 weeks to flatten your freedom
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  20. lol, you don't listen to Schiff much, do you?
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  21.  @pepleatherlab3872  It's a sign of the times...people wanna get rich without doing the work. Bitcoin and other cryptos are just the latest "scheme" for the average person to get rich. What they don't realize is that for every person who makes a profit off of crypto requires someone else to lose money. It's a zero sum game, no wealth is created and our standard of living as a whole is not improved. It's pure speculation. Gold may go up and down in price, but at the end of the day, humanity is always better off having more gold in our possession, it improves our standard of living. Can't say the same for any crypto.
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  22.  @DegreesOfThree  that technology can be replicated. gold can't be replicated.
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  23.  @bluenami7520  Using US data, I just did the math at $16.50 (median wage) and 61c per pound of sugar, so it would take you roughly 4 hours to buy 100 lbs of sugar today, on average. Compare this to 100 years ago, the historical average price per pound of sugar (not including the unusually high price in 1920) was less than 4 cents per pound, and the median wage in 1920 was $1.63, so you could buy nearly 100 lbs of sugar with just 2 hours of labor compared to 4 hours today. Now when you price the 1920 average wage in silver, purchasing power of that wage back then would be the equivalent of $40/hr today and that would buy you 100 lbs of sugar with just 1.5 hours of labor.
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  24.  @philroe2363  hopefully that wasn't sarcastic...lol. too many people caught up in crypto hysteria do not understand basic economics.
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  25.  @JA-zh5xi  Bitcoin was created as a HUGE DISTRACTION from precious metals. Keep the peons distracted with 1's and 0's, meanwhile the truly wealthy buy tangible assets.
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  26. but RAYCON EARBUDS though
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  27. Saying "money supply" assumes that money is actually being circulated. If we count things that aren't being circulated as money, then what's the point of counting something that isn't existing in reality? The Fed could claim there is $10000000000000 being kept some place in order to claim that printing money doesn't cause inflation.
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  28. I usually never want Peter to be wrong except for this situation.
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  29. @Mark Johhson but what could have been produced using the same resources and labor in the private sector? what waste was created through government bloat and management when the private sector does this more efficiently?
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  30.  @astrahcat1212  Ever notice how the only solution these politicians have is giving away "free" shit, or barring that, taking from the rich and giving to the poor? We are officially in the race to the bottom when it comes to politics and the economy. The last statesman we had was Ron Paul, but I guess society wasn't ready for the truth.
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  31. but he actually said "lull before the storm"
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  32.  @DegreesOfThree  diamonds are a mineral, gold is an ELEMENT. apparently you must believe in ALCHEMY in order to believe bitcoin is wealth.
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  33.  @jorgequintanillare  no...those who can't teach, become gym teachers.
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  34. Bitcoin is deeds to land on a planet that you can't visit. What value does that have when you can just own land on earth (precious metals) which have actual uses?
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  35. It's political, as Schiff pointed out in this segment. When people blame businesses instead of the central bank for higher prices, then people's anger is misdirected as to the source of rising prices, and we get the current political climate today where people feel entitled to more and more profits of businesses, e.g. $15/hr for flipping burgers.
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  36. the price of everything is significantly higher over the past year--but precious metals are....down? things that make you go "hmmm"
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  37. just another form of fiat. nothing new. we all saw what happened to the price of gold since the Fed was created, right?
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  38.  @nosouponhead  i know right? we already have Rogan.
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  39. I love the chip on your shoulder, Peter!
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  40. They should just change it to "Peter Schiff IS Right" at this point. "Was Right" implies that it isn't always happening.
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  41.  @duanejackson6718  yeah and there is nothing stopping another crypto from employing the same "finite supply" scam. think of the profits you could make if you got in early!!
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  42. and Wolff constantly mischaracterized Schiff's argument.
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  43. Bubble? No... Inflation.
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  44. the government just needs to get on with it and declare personal property illegal, i mean that's where this is going, right?
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  45.  @ligerllama  A productive economy that would have seen prices decrease by 5% has prices remain stable due to the central bank creating more currency. Is that still inflation? Preventing prices from going down IS inflation!
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  46. putting the cart before the horse
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  47.  @bluenami7520  But, rising prices is caused by many things, oftentimes from expanding the money supply.
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  48. Schiff-flation
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  49. Scott Nations tried his hardest, though. LOL
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  50. can't the government just get rid of a zero or something?
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