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Tom Bilyeu's Impact Theory

A Recession Worse Than 2008? - How To Survive & Thrive The Next Economic Crisis | Peter Schiff PT 2

Aug 30, 2023
In a captivating discussion, economist Peter Schiff, famed for his accurate predictions of the 2008 crisis, shares stark warnings about looming economic challenges. He critiques government inflation strategies and reveals how they impact personal finances and living standards. Schiff discusses the socio-economic implications of anti-discrimination laws and the dynamics of market forces. Listeners gain insights into safeguarding their wealth through strategic investments, particularly in stable assets like gold, as the risk of a crisis looms larger.
01:24:10

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Anti-discrimination laws may unintentionally contribute to more prejudice.
  • Lessons from the 2008 subprime market can inform investment opportunities today.

Deep dives

The Fed's rate hikes have done nothing to impact savings and spending

The Fed's attempts to raise rates and fight inflation have proven ineffective as savings rates have collapsed and consumer debt has soared.

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