4min chapter

The Pomp Podcast cover image

#1206 BREAKING: Peter Schiff Is Now A Bitcoiner

The Pomp Podcast

CHAPTER

Gold Is About to Hit an All Time High

Inflation is over 5% at a minimum, and so if you're going to hold dollars, you're losing 5% of your value per year. The more debt the US government has, the more likely they are to resort to inflation, printing money to pay it off rather than taxation. And we just raised the debt ceiling with no real cuts to government spending. So inflation is not going to get better despite the fact that the Fed has height rates.

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