Gold Hits Historic Highs: Is America's Economy About to Implode? | Impact Theory Tom Bilyeu
Tom Bilyeu's Impact Theory
Why Gold Signals Fed Policy Is Too Loose
Peter explains that gold's surge indicates overly loose U.S. monetary policy and that Fed rate cuts are a mistake.
In this powerhouse episode of "Impact Theory," Tom Bilyeu sits down with renowned economist, author, and outspoken financial commentator Peter Schiff. Best known for his unflinching critiques of U.S. monetary policy, Schiff unpacks the real meaning behind gold’s all-time highs and what it signals for the American and global economy. In Part 1, Tom and Peter go deep into the historical context that shapes today’s economic challenges, including how the gold standard's collapse, fiscal irresponsibility, and the rise of global debt have set the stage for a looming monetary crisis.
Peter shares insights on the mechanisms behind inflation, explains how American prosperity has become dangerously dependent on the dollar’s reserve status, and traces the evolution of our monetary system from the Founding Fathers to Nixon’s closing of the gold window. This is an eye-opening journey through economic history and policy that challenges mainstream narratives about the value of gold, the state of global trade, and America’s financial future.
SHOWNOTES
00:00 Gold’s All-Time Highs: What Does It Mean?
08:22 How the Dollar Was Tied to Gold: The Early U.S. Republic
15:37 The Shrinking Real Wage & Rise of the Dual-Income Family
23:18 The Gradual Move Away from the Dollar Standard
32:59 The Stagflation Trap: Economic Policy Gone Wrong
52:24 The Social Fallout: Populism, Socialism, and the Erosion of Democracy
69:43 U.S. Industrial Policy—Why Government Investment Fails
FOLLOW PETER SCHIFF: X/Twitter: https://twitter.com/PeterSchiff
YouTube: https://www.youtube.com/user/SchiffReport
Podcast: https://schiffradio.com/
Instagram: https://www.instagram.com/peterschiff/
Website: https://www.europac.com/
Gold/Silver Info: https://www.schiffgold.com/
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