The Jordan B. Peterson Podcast 353. The US Dollar Might Collapse | Peter Schiff
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May 1, 2023 
Peter Schiff, an economist and financial broker known for predicting the 2008 housing crisis, dives into the looming dangers of inflation and the potential collapse of the US dollar. He discusses the perils of the fiat system and the corrupt motivations behind current fiscal policies. Schiff compares gold's enduring value to speculative assets like Bitcoin, urging listeners to consider smart investment strategies. He critiques government inflation statistics and emphasizes the importance of financial literacy to navigate the impending economic storm.
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Inflation as a Tax
- Inflation is a hidden tax impacting those least able to afford it, like the middle class and retirees.
- It erodes savings and fixed incomes while benefiting the wealthy who hold appreciating assets and good debt.
Inflation Drivers
- Inflation is driven by increased money supply, not rising prices, and fiat currency allows governments to print money freely.
- Politicians exploit this to offer "cheap gifts" without raising taxes, deferring the real cost to the future.
CPI Manipulation
- Peter Schiff examined newspaper and magazine prices from 2003-2013.
- He found a 130% actual increase versus the CPI-reported 30%, revealing CPI manipulation.