Hey, everybody. This is Doug Goldstein. I am in the very, very lucky position to be in the driver's seat today. I'll be bringing on in just a moment Peter Schiff. Quite an amazing interview. I'm sure you won't be able to stop listening for even a moment and don't because at the end, the amazing Money Tree Investment podcast panel will be giving their opinions, which you can be sure, will be quite

diverse about the interview.

So go check out the refrigerator, pull out some old leftovers, throw them in the microwave.

And if you have some flat Coke somewhere in the back, you can crack that open too because

you are listening to the Money Tree Investment Podcast.

Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Okay, I'm very happy to have Peter Schiff.

Peter is a former guest of my show, the Goldstein-on-Gelt Show, where previously he spoke

about the debt of the U.S.

government. It was, in fact, one of our most popular show, so I wanted to bring Peter back.

Peter talks all about issues on Wall Street. He's been on Wall Street for many years. He's a very,

very well-respected commentator. And, well, Peter, today we're in the heart of the election cycle. And quite frankly, as far as I can

remember, this is one of the craziest times. What sort of effect should we expect the election to have on the

economy? Well, I don't know what, if any, the effects the election is going to have, or the question

would be, what about the outcome? Will the outcome have much of an effect? And it's hard to say because Trump is a bit of a wild card. I mean, certainly reelecting Hillary Clinton is pretty much more of the same. And we're guaranteed more debt, a bigger government, and a lower standard of living. And I think we are headed for a major economic crisis on an order of magnitude greater than what we live through

during the financial crisis of 2008. I think the economy is in much worse shape than it was going

into that crisis. The debt obviously is more than twice the size as it was back then. So I think

the underlying structural problems in the economy, which were created by a combination of bad monetary policy and bad fiscal and regulatory policy, I think that those imbalances and problems have been exacerbated by the Fed monetary policy subsequent to the bursting of the real estate bubble.

And so I think we're in some serious trouble.

On the other hand, you know, Donald Trump, I don't think that he averts the crisis.

I think the crisis is coming regardless of who occupies the White House. The question would be,

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