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

  1.  @mspaic10  you're saying the only people we should listen to are those who are financially successful? warren buffett may be rich but he's equally dishonest when he claims he wants to pay higher taxes but does everything in his power to pay as low taxes as possible, and people eat up everything he says.
    3
  2.  @mrlukemichel6858  the US is doing no worse than any other country.
    3
  3. in the 19th century, the US became the most successful and wealthy nation in the shortest amount of time, not from being a socialist nanny state, but by embracing free markets and capitalism.
    3
  4. how many people do you employ?
    3
  5. *ruining this country.
    3
  6. Podcast about gold's breakout coming in 3, 2, 1...
    3
  7. sounds like a store of wealth to me.
    3
  8.  @BullsEye3333  how does increasing the total supply of currency through crypto like Bitcoin make our lives better off? it doesn't bring more goods and services into the economy, in fact, it uses up electricity that could have gone to something productive like heating a home in a time where energy is scarce and people might freeze to death this winter.
    3
  9. why would he alter his views on Bitcoin? if it looks like a duck and quacks like a duck, it's a duck!
    3
  10.  @footube3  Great point. Altering definitions of words is a gradual process so people don't realize what is happening, coincidentally, much like how inflation itself is a stealth tax.
    3
  11. the price of gold will stay the same, but our standard of living would increase.
    3
  12. don't forget cryptos are transitory, too. they can be created from nothing.
    3
  13. No offense to the other guys, but Peter's the only one you should listen to.
    3
  14. I don't want Peter Schiff to be right again...
    3
  15. the problem is we're simply not ready yet as a species to have heaven on earth. think about it, we have all the resources we need right here on earth to survive and prosper, no debt needed.
    3
  16. unfortunately, more people are drawn to the supposed "gains" of Bitcoin et al because of the inflationary pressures and rising cost of living, trying to "get ahead". but when it comes down to it, they're all just playing a big game of hot potato with no increase in standard of living achieved on a net scale.
    3
  17. for every winner there is a loser. CRYPTO IS A ZERO SUM GAME. cryptos do not improve our standard of living as they can be essentially replicated ad infinitum.
    3
  18. this person actually believes the fundamentals were solid before COVID.
    3
  19.  @robinaire100  the companies behind crypto "mining" are doing useless work in order to obtain tokens that theoretically could be created without the work being done. it is fake "scarcity" unlike precious metals which are naturally difficult to obtain and have a limited supply in the earth's crust.
    3
  20. Peter, you fucking OWNED Rickards at the end.
    3
  21. you conflate correlation with causation. think of how much worse off everyone would be if gig-economy jobs were outlawed; those jobs are filling a demand in the market. nobody is forced to work them. also, these services are in demand from consumers who want a better quality service compared to what they were getting before with taxis, food delivery service, etc. your reasoning is similar to what people have with deflation and the Great Depression: "man, all of that deflation sure made everyone suffer unnecessarily". No, deflation was a market response to a fall in demand, think of how much worse the Great Depression would have been if prices were prevented from falling and artificially raised? Oh wait that is exactly what happened under FDR and why it lasted longer than it should have, but that isn't talked about much, the narrative we get is "Deflation is bad".
    3
  22.  @Aaron-ju2gp  the government doesn't "do" capitalism, though. the less the government does while maintaining social order and upholding contracts, the better.
    3
  23. and what is stopping the technology behind Bitcoin from being replicated thereby diluting the utility of Bitcoin? face it, the only reason why Bitcoin has any value is because of name recognition and hysteria, so you better sell why you can still sell them to a greater fool, because that opportunity won't always be around as more people wise up to this reality.
    3
  24. Agreed. I can't believe the people who criticize Peter for his consistent message, if anything that trait should be praised in this day and age of transient integrity.
    3
  25.  @The_Angry_BeEconomist  he has an understanding of bastardized economic thought, but not of reality.
    3
  26. so, as long as other people have it worse then monetary system injustice is okay?
    3
  27.  @rogerburn5132  agreed. i just hate when people say "well other countries have it worse than the US" as if that makes everything okay.
    3
  28.  @a.r.gentum6517  don't fall for the generational "us vs them" propaganda. if anything, "us" is we the people, and "them" is our central bank.
    3
  29. the ONLY time such a high tax rate was ever feasible was the USA during the 1950s when you could literally be an idiot and still make money hand over fist.
    3
  30. Nonsense. There is an infinite supply of cryptocurrencies that can be created. There is only a finite amount of precious metals in the Earth's crust.
    3
  31.  @bloodline1488  No, I'm not talking about competing altcoins that have an infinite supply, I'm simply talking about the supply of all cryptos (including bitcoin) combined is essentially infinite. Yes, the comparison to fiat currencies is similar. But look at what you're doing: you're trying to justify which fiat/crypto is better than another. The fact remains is that any crypto was created from nothing and nothing is inherently backing it (aside from speculation). Once the hysteria over speculative potential goes away, so will the popularity of cryptos and they will all eventually go to zero once the majority of people realize that something cannot be a good investment and also affordable. therefore, cryptos can never be currency. they are simply the latest form of "get rich quick" schemes, and i'm not surprised cryptos are popular these days in our climate of entitlement and expecting something for nothing.
    3
  32.  @homageseeds5103  gold is NOT an investment. gold preserves purchasing power over time. bitcoin is a speculative investment, it could be 10x more valuable tomorrow or drop by 50%. how is that a store of value? sure some people make money off of it, but for every person that buys at 10k and sells at 60k, there is another person that bought at 60k and sold at 10k.
    3
  33. it's essentially just gambling combined with "hot potato". some people are going to get ahead, but overall, the net result is a decrease in standard of living for EVERYONE because all of that energy used to mine bitcoin, etc could have been used more productively besides just speculation.
    3
  34. try to create your own currency, see what happens (hint: it's not pretty). competing currencies would be the best thing for people, yet it's the last thing the Fed wants, because competing currencies would literally dismantle the Fed overnight. do you think people would rather choose a currency that loses 2-3% every year, or one that doesn't lose any value at all, or even gains value? exactly.
    3
  35. It wouldn't be all doom and gloom if the government and central bank were actually making sound decisions. Until that changes, expect more of the same.
    3
  36. or it took him 24 hrs to cam down....
    3
  37. Peter, remove this annoying ass bot from your channel. Thanks.
    3
  38.  @actualideas8078  please...
    3
  39. Bitcoin isn't the only crypto to exist, there will always be competing cryptos that will drive down value. You bitcoin bots seem to ignore this major oversight, it doesn't matter if there's "built-in deflation" when there are 1000s of competing currencies driving down the value, ultimately to ZERO.
    3
  40. it's a giant game of hot potato with ZERO wealth creation.
    3
  41. the "income" tax is another example.
    2
  42. why do central banks hold gold?
    2
  43.  @mdmill9308  why not diamonds?
    2
  44.  @mdmill9308  how can you say gold is overvalued when there is an entire paper gold market that is fractional in nature and doesn't require gold backing?
    2
  45. precious metals are naturally scarce. cryptos are common because they are created out of nothing.
    2
  46. somebody who predicted QE infinity AND a return to 0% interest rates?
    2
  47. the fundamentals haven't changed, so why would he change his predictions?
    2
  48. Exactly. All these people talking about "velocity" and such are misguided, there are mistakenly trying to create a single link between inflation and rising prices, rising prices is usually the result of inflation, but not always.
    2
  49. there is nothing healthy about the current stock market. gold is objectively undervalued. big difference.
    2
  50. "Anecdotal evidence."
    2