Warns that the 2008 crisis was just the prelude to a larger sovereign debt crisis in the United States that may lead to a collapse of the US dollar.
This book, first published in 1841, is an early study of crowd psychology by Charles Mackay. It chronicles numerous instances of mass hysteria and popular delusions, including economic bubbles like the South Sea Bubble and Tulipomania, the Crusades, witch-hunts, and other peculiar follies. Mackay presents these examples to illustrate how easily the masses can be led astray by various delusions and how human folly remains a constant across different times and places. The book is divided into sections such as 'National Delusions,' 'Peculiar Follies,' and 'Philosophical Delusions,' and is known for its engaging and witty narrative style.
Natalie Brunell is joined by Peter Schiff, economist and gold advocate, for a fiery and wide-ranging conversation ahead of their live stage appearance at the Bitcoin Conference in Las Vegas.
Schiff doesn’t hold back, calling Bitcoin a “meme coin,” criticizing Trump’s economic policies, and warning that America is on the brink of economic collapse fueled by debt, inflation, and political dysfunction. Topics iinclude:
- Why Schiff is still anti-Bitcoin despite holding his own “Strategic Bitcoin Reserve”
- Gold vs. Bitcoin: trust, counterparty risk, and final settlement
- Schiff’s take on the "Big Beautiful Bill" and why it guarantees higher deficits
- The myth of “growing out of the debt” and what needs to happen instead
- Foreign central banks ditching dollars for gold and what it means for the dollar’s reserve status
- How Schiff would fix the U.S. economy (but why it won’t happen)
Guest Bio: Peter Schiff is the Founder, CEO and Global Strategist of Euro Pacific Capital and host of The Peter Schiff Show. He is an economic forecaster and investment advisor influenced by the free-market Austrian School of economics. His book, "The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country," warns that the 2008 crisis was just the prelude to a larger sovereign debt crisis in the United States that may lead to a collapse of the US dollar. Follow Peter on X at https://x.com/PeterSchiff.
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This podcast is for educational purposes and should not be construed as official investment advice.
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