Tom Bilyeu's Impact Theory cover image

Peter Schiff vs Raoul Pal Debate: Bitcoin Going To $0 or $1 Million & A Great Depression Coming? PT 1

Tom Bilyeu's Impact Theory

NOTE

**Inflation as a Hidden Tax. Peter Schiff. **

Inflation is a problem used by politicians as a means of financing spending, buying re-elections, and avoiding honesty with the electorate about financial troubles. It acts as a hidden tax, eroding purchasing power by creating money out of thin air, leading to a decrease in the value of each monetary unit as more money enters circulation. This phenomenon is expected to worsen due to fiscal challenges and demographics, such as the baby boomer generation aging. The speaker warns that politicians and central bankers may not fully control inflation, risking a potential hyperinflation scenario as the 'Ponzi scheme' of promises becomes unsustainable.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner