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London Real

‣ The economy was sick long before the virus infected it - Peter Schiff

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 4 June 2022

⏱️ 4 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

You recently were quoted by saying the economy was sick long before the virus infected it.

0:04.8

What do you see happen in here these last few months?

0:07.8

Yeah. I mean, first of all, what I was starting to say is in your intro,

0:11.1

you mentioned that I'm a frequent guest on a lot of these financial stations.

0:15.4

And that's not the case anymore. I was a frequent guest

0:19.6

before the 2008 financial crisis. And then for maybe a year or two,

0:24.8

subsequent to that crisis. But then they pretty much stopped inviting me on.

0:29.4

So I'm really, you can hear me on YouTube now, you know, on my, you know,

0:33.2

my own YouTube channel or the Shriff Report, my podcast. But I'm, you know,

0:37.4

I'm rarely on any of these networks that used to have me on on a regular basis.

0:41.9

I mean, I come on one American news once a while or RT.

0:46.3

But the CNBCs and the CNNs and Fox News, those networks don't really have me on anymore.

0:53.8

And why is that Peter?

0:55.1

Well, probably because they don't want the truth, you know, they want people to come out and

1:00.4

just tell their audience how great everything is and how the US economy is fantastic.

1:05.5

And the guys at the Fed are geniuses. And there's nothing to worry about. Everything is great.

1:11.2

Just buy bonds, buy stocks and don't worry. And, and, you know, I think part of it too

1:17.5

is that I've been warning about the crisis that we're heading for for a long time.

1:22.0

And I guess sometimes they think, well, you know, you've been saying this stuff for a while.

1:26.5

And they forget how long I was warning about the 2000 and age financial crisis before that one

1:31.9

finally hit. Now, I would admit that I've been warning about this one even longer.

1:36.8

But it's going to be a much worse crisis. And in fact, what's happened right now with COVID-19,

...

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