AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
353. The US Dollar Might Collapse | Peter Schiff
The Jordan B. Peterson Podcast
The Importance of Independent Estimates of Inflation
Inflation is a transfer of wealth from creditors to debtors. Who are the biggest debtors in the world? Governments. The United States has $32 trillion of funded debt, almost. And our unfunded liabilities, commitments that have been made where they didn't borrow the money, but they're on the hook,. That's like $100 trillion. So when the government creates inflation, they repudiate enormous amounts of their debt.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode