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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
Peter Schiff, economic expert, discusses the government's mind-games with data and how the Fed's inflation strategies are destroying the US economy. Topics include anti-discrimination laws, the 2008 subprime market, increasing rates, and a possible depression worse than the Great Depression. The podcast also covers overcoming prejudices in employment and business, launching a business with Shopify, China's economic development, efficient language learning, and the impact of inflation on the younger generation.
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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