News: This Shocking New Development Has Peter Schiff Mad As Hell...
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 20 March 2023
⏱️ 13 minutes
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| 0:00.0 | Hello for the rebel capitalist hope you're well so Peter shit |
| 0:04.9 | Good buddy holy cow he is pissed as you can tell by that thumbnail. |
| 0:13.0 | Oh, Peter, if you're watching this buddy, I'm sorry I used that picture. |
| 0:21.0 | I had to do it. I had to do it. I found that picture just randomly online and I said I have to use this in a thumbnail. So Peter, I'm sorry buddy. |
| 0:31.0 | When I see you in May 12th to the 14th at Rebel Capitalists live I'll somehow make it up to you I'll buy you a beer |
| 0:51.1 | but but buy a beer but he is mad as hell and he has every right to be mad as hell so let me show you exactly what I'm talking about in this shocking new development, which is really the next extension of these bailouts. |
| 1:00.6 | So let's go right over to Zero Hedge, and then we're going to go to some charts that really back up what Peter is saying |
| 1:06.3 | So the title of this Zero Hedge article Peter Schiff the 2023 financial crisis has begun and this is what Peter was saying on his blog or |
| 1:18.9 | excuse me on his podcast the other day and I think they kind of use some quotes here on I guess this is one of his |
| 1:25.4 | websites shift gold so as we start to sort through the fallout of the SFB |
| 1:31.2 | debacle and signature bank the government's reaction to it next the |
| 1:33.2 | government's reaction to it. The next question is, what's next? |
| 1:36.5 | I think it's appropriate to start talking about a GFC 2.0. |
| 1:42.1 | So Peter says this is no longer the 2008 financial crisis. This is the |
| 1:47.0 | 2023 crisis. It's been a long time, 15 years since we had a financial crisis. I'm surprised it's taken that long for |
| 1:53.8 | the crisis to begin. I'm not surprised we're actually having the crisis. |
| 1:57.5 | And then he goes on to say about this crazy program that they set up. Over the |
| 2:02.0 | weekend the Federal Reserve the Treasury took |
| 2:03.4 | quick steps to address the failure of two big banks. Peter called it the |
| 2:06.7 | plunge protection team appropriately enough. In order to prevent the bank |
| 2:10.9 | run and shore up the system, they created this mechanism. |
| 2:13.8 | Nobody loses their deposits. |
... |
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