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The Peter Schiff Show Podcast

The 2023 Financial Crisis Just Went Global - Ep 879

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 16 March 2023

⏱️ 47 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Shiff Show.

0:09.2

Today's podcast is sponsored by ClearCom.

0:11.9

Modernize your sales organization and optimize your sales commissions today by visiting www.clearcom.com.

0:19.9

That's clear.

0:21.0

C-O-M-P.com to book a demo.

0:23.7

Tell them Peter Shiff sent you.

0:25.5

Okay everybody, welcome again.

0:28.4

This is becoming a habit here to do these podcasts live and with video.

0:34.6

I think the 2023 financial crisis has just gone global.

0:42.6

That's another thing it has in common with the 2008 financial crisis.

0:47.4

In fact, a lot of things are in common.

0:50.2

I mean, first of all, the Fed Reserve created both of them, yet predicted none of them.

0:56.4

And I began predicting the 2023 financial crisis in 2009.

1:02.8

I just didn't know what year was going to be.

1:05.0

Now in all honesty, back in 2009, I did not expect the second crisis to hit in 2023.

1:14.7

There's no way that I thought we would make it this long.

1:19.0

But a lot of things happened that I wasn't able to foresee 15 years ago to elongate

1:26.1

the process.

1:27.9

But the reason I was able to predict that we would have this crisis, of course, I couldn't

1:33.5

predict precisely when.

1:35.1

I mean, I'm not clear of when.

1:36.4

I just understand basic economics, which unfortunately most people don't, including all of the members

...

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