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Peter Schiff Shared: Nov. retail sales rose just .3%, well below the .8% that was expected. Since prices are rising much more than that, consumers actually bought less, but paid more. This trend will continue until average American families spend almost all of their income on rent, food, and energy!
Community Response: Guess what fixes this?
Gold targets 3000 dollars by end of 2022. Buy Gold.
Gold will never get pass 2000 dollars. I see a crash in gold coming.
With what facts? U from the future.
The new slavery. Work just to live and barely get by. Control the money – control the people. What happens when the people on the bottom keep stacking up? At some point people won’t stand for this anymore.
It’s already happening. People standing up against crappy wages and benefits. It’s damn time to stick together and demand better treatment for the working class.
Peter yes you got it now let’s go deeper. If they are spending most of their incomes and money on life’s necessities how will they have money for discretionary spending. In those areas higher prices are rejected and inflation unsustainable. You’re espousing my narrative.
Unless wages rise. Credit expands etc.
I’m betting on what I’m stating its very simple – if I’m right – I will make money – if I’m wrong – I will lose money. But I’ve dug deeply into my mind, and the data, and my conviction is strong. Can’t remember anyone saying I told you so. Last argument, I had was Powell being renominated.
And cpi excludes food and energy so inflation problem solved.
“Until” Peter? Average Americans already are. And now that all the moratoriums and forbearance programs (eviction, mortgage, student loans, etc) have ended it’s going to be disastrous 2022. But don’t worry, the Fed will fix it.
Sales Pitch – You get out there – do your 40 hours then pay me to take what little savings you have and lose it for you. So, what do you think do we have a deal? Yeah sounds good to me.
It’s slavery, but history will repeat itself. They will try to enslave us, but once again, the people will stand up and protest against it. The result will be a sort of ‘middle ground’ like it has always been. But one day we will all be free!
Something we finally agree on. However, Bitcoin fixes this as it forces people and families to invest/save money in an asset that appreciates faster than current inflation rate.
Curious your thoughts on Uber, Airbnb, Twitter, Facebook, etc. Massive networks that derive their value from the network effect. Why do you expect the network effect of gold to outperform the network effect of crypto?
No one seems to have a solution – we are all going down? Is that it – seems pathetic – let me give you all something – go outside a city, buy a cheap house with land/WATER/ – update it – setup a remote job of some sort – move in- learn to farm and practice ‘ABUNDANCE’ -not FEAR.
