Episode #1145
Peter Schiff
Books mentioned
Crash Proof
Mentioned by Peter Schiff · at 02:10:09 · ▶︎ Watch this moment on YouTube (approximate)
Amazon (opens in a new tab; affiliate link) Source: Transcript (podscripts.co)
Timestamps are segment start times from the podscripts.co transcript of the audio release (includes ad reads), so they may differ from the video by a few minutes.
Peter Schiff, an American businessman, author, and financial commentator, discusses Occupy Wall Street, socialism, government intervention, Federal Reserve policy, debt, inflation, regulation, and the risks of recession. He also examines Puerto Rico’s taxes, regulations, Jones Act dependence, and post-Hurricane Maria recovery, while explaining his preference for limited government, sound money, and physical gold over fiat currencies and Bitcoin.
What they talked about
- Occupy Wall Street debate experience
- Distinction between communism and fascism
- Critique of unemployment statistics and labor force
- Problems with student loans and college costs
- Minimum wage effects on Puerto Rico and American Samoa
- Bitcoin skepticism and gold as real money
- Social Security trust fund as a fiction
- Need to cut federal government and return to gold standard
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