Peter Schiff: Millionaire Investor Reveals Stock Market Hacks, Talks Trump, Bitcoin & The Pandemic |

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Episode description

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Episode description

In one of the first interview episodes under the Disruptors re-brand, Rob speaks to investor, CEO and millionaire Peter Schiff about covid, economics, money, billionaires and bitcoin! Peter also talks honestly throughout the episode about his thoughts on the US government and how they have been harming the economy, every day US citizens and the impact this has had on the rest of the globe.

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KEY TAKEAWAYS

As many others believe, Peter thinks Covid has actually been more damaging for society and a disaster for the economy than it has been a health issue. You can’t consume if you don’t produce and this has been one of the issues with government policies ‘patching up’ the economic shortfalls and delaying the inevitable.

Peter Schiff earned the title of Dr Doom in 2005 when he was predicting a massive economic crisis. It turns out he was right, he was really Dr Reality and he now predicts another imminent crash.

If you recognise the state of the economy right now and understand what is going to happen in the near future you can position yourself to at least ride the storm and potentially even profit from what is going to happen. There are always some winners in economic crisis’s, fortunes can be made.

When money originated, it was created out of metal, it had real value. The devaluation of money started in the 1970’s, what we now use as money isn’t a real ‘commodity’. Eventually with the printing of money that is widespread in many western economies the trust in it will disappear and that’s when we will be in real trouble. It sounds extreme but It’s not unprecedented, many countries that have been wealthy in the past have devalued their currency.

Although Peter has ran under the Republican party previously he actually aligns himself as a Libertarian. He believes at the moment both the Republicans and Democrats are in difficult places and aren’t true to their core belief systems.

Bitcoin and Cryptocurrencies have had a lot of hype the past couple of years. Peter thinks they have had their day and will start to drop. He advises people to get out of bitcoin and other crytpos now.

People will take opportunities and liberties where they can. Peter doesn’t blame the likes of Elon Musk and other billionaires for not paying more tax, he blames the government and the policies that allow this.

BEST MOMENTS

“More people have left the workforce to actually avoid covid than if they had actually come down with it”

“You’ve got to look at reality and not what the government is telling you”

“The world has been supporting the United States for decades”

“Money needs to be a creature of the free market, it needs to be produced by the market not the government”

“A lot of people are going to be wiped out on the way down in crypto and the leverage is really going to accelerate the collapse”

“History has always shown that it’s better to have the private sector invest money and the government spend money”

[Business, mindset, entrepreneur, disruptors]

VALUABLE RESOURCES

ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”

“If you don't risk anything, you risk everything”

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