The Expat Money Show - With Mikkel Thorup

275: Gold, Inflation and the Banking Crisis: The Outlook for 2024 – Peter Schiff

Dec 20, 2023

Peter Schiff, American stockbroker and financial commentator, discusses the impact of inflation and government deficit spending on gold prices. He predicts consequences of the Federal Reserve's response to inflation and emphasizes the need for diversification and owning real assets like gold. Schiff also shares his predictions for 2024 and warns of an impending economic crisis.

01:01:54

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Peter Schiff

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Quick takeaways

Politicians prioritize short-term popularity over long-term solutions, hindering progress in democracy.

The current crisis, fueled by excessive government spending, deficits, and low interest rates, will lead to high inflation and economic challenges.

The fragility of banks and the risk of widespread failures highlight the need for action to prevent a major economic crisis.

Deep dives

The Flawed Nature of Democracy and Politicians

The podcast discusses the flawed nature of democracy and the incentives of politicians. It emphasizes that politicians prioritize their own careers and reelection over what is best for the country. Short-term popularity and avoiding pain drive policy decisions, which hinders long-term solutions that may involve sacrifices. The founding fathers' concerns about democracy have become a reality, and the current state of American politics reflects the consequences.

Introduction

2min

Analysis of Recent Drop in Gold Prices and Inflation Outlook

3min

The Consequences of the Federal Reserve's Response to Inflation

25min

Language Learning, Commercial Real Estate, and Bank Failures

2min

The Banking Crisis and the Need for Diversification

14min

Risks of Central Bank Digital Currencies

8min

Predictions for 2024 and the State of the Economy

4min

Peter Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc. This is a conversation that I was originally a part of this year’s Expat Money Summit, and I wanted to share it with you today to give you a taste of the sort of exclusive content I bring to the Summit every year. Peter Schiff is someone who I have followed for years, and I think he brought tremendous value to the Summit with this conversation. Enjoy!

TODAY'S CONVERSATION WITH PETER SCHIFF

Listen to Peter’s take on the most recent trends in the price of gold and how it’s affected by inflation and government deficit spending.
Hear Peter’s early 2024 election predictions and what it will mean for the U.S. and global economy.
Find out why Peter fears what I have been saying all along - that when the crisis hits, the government will make it very difficult for Americans to escape. This is why I always emphasize acting now!
Listen to Peter detail why failing prices, aka deflation, can lead to companies making more money, contrary to the popular opinion of many ‘mainstream’ economists.
If you think the headlines showing 20% inflation looks bad, wait until you hear Peter’s breakdown of what sort of inflation we’ve really experienced in the last few years.
Find out why Peter believes the banks are currently in worse shape than they were during the 2008 crisis.
Will the Federal Reserve continue to attempt to fight inflation or just let the banks fail? Hear Peter break down this no-win situation.
Hear Peter’s thoughts on why he didn’t get any mention in the film The Big Short for predicting the 2008 crisis. I had never heard him talk about this before!
Find out Peter's thoughts on some important topics like CBDCs, and a potential gold-backed BRICS currency.
Lastly, you won't want to miss Peter's predictions on what's to come in 2024 - and how you can best prepare.

OFFSHORE GOLD AND SILVER

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RELATED EPISODES

269:There's Going To Be A Financial Reckoning 261: Preparing Your Investments for the Coming Recession - Rick Rule 242: De-Dollarization and a BRICS Commodity-Backed Reserve Currency

HOW TO FIND PETER SCHIFF’S WORK

The Peter Schiff Show Peter Schiff on ‘X’

CONCLUSION

It was so great to finally speak to Peter Schiff and have him as a speaker at the Expat Money Summit. I have been following his work for years, and I’m so glad I was able to share this important discussion with everyone who attended the Summit and now with you all here today if you missed it then. Peter’s message echoes what I have been saying for years - the time to act to protect your wealth from the financial crisis that is unfolding is yesterday. Whether it’s getting your money into offshore investments or starting the process of acquiring a second passport, it’s essential to stop waiting around and take action. Those who do so will certainly be in a better position in the years ahead than those who sit around doom-scrolling all day. Until next time, I’ll see you all back here next Wednesday!

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TICKETS NOW ON SALE

Join us March 14-15th, 2025, live in Panama City for the Wealth, Freedom & Passports Conference. Take your Plan-B to the next level; tickets are limited.

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The Expat Money Show - With Mikkel Thorup

275: Gold, Inflation and the Banking Crisis: The Outlook for 2024 – Peter Schiff

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Flawed Nature of Democracy and Politicians

The Inevitability of High Inflation and a Sovereign Debt Crisis

CBDCs and the Chairman of the Federal Reserve in Georgia

The looming economic crisis and its potential consequences

Central Bank Digital Currencies and the potential consequences

TODAY'S CONVERSATION WITH PETER SCHIFF

OFFSHORE GOLD AND SILVER

RELATED EPISODES

HOW TO FIND PETER SCHIFF’S WORK

CONCLUSION

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

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The Expat Money Show - With Mikkel Thorup

275: Gold, Inflation and the Banking Crisis: The Outlook for 2024 – Peter Schiff

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Flawed Nature of Democracy and Politicians

The Inevitability of High Inflation and a Sovereign Debt Crisis

CBDCs and the Chairman of the Federal Reserve in Georgia

The looming economic crisis and its potential consequences

Central Bank Digital Currencies and the potential consequences

TODAY'S CONVERSATION WITH PETER SCHIFF

OFFSHORE GOLD AND SILVER

RELATED EPISODES

HOW TO FIND PETER SCHIFF’S WORK

CONCLUSION

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Save anymoment

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