The Big Problem With The US Economy | Peter Schiff
In this episode of the Align Podcast, Peter Schiff delves into the vulnerabilities of the American economy and the looming financial crisis. He explains how the United States has been living beyond its means, supported by a massive influx of imports paid for not with production but with printed money.
Learn about the steps individuals can take to prepare for this scenario.
#economy ·economiccrisis #finances #inflation #investing #financialeducation
OUR GUEST
Peter Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold, and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nation’s leading newspapers, including The Wall Street Journal, Barron’s, The Financial Times, The New York Times, The Washington Post, and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V. His best-selling book, “Crash Proof: How to Profit from the Coming Economic Collapse” was published by Wiley & Sons in February of 2007. His second book, “The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down” was published by Wiley & Sons in October of 2008.
Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for over thirty years, he is the owner of Euro Pacific Asset management and chief economist and global strategist for Euro Pacific Capital, a division of Alliance Global Partners. He is also Chairman of SchiffGold, a precious metals dealer based out of Manhattan.
PETER SCHIFF
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TOPICS
1. Global Financial Trends
2. Trade Deficits and Manufacturing Decline
3. Preparation for Economic Challenges
4. Collapse of the Dollar
5. Debt Crisis and Inflation