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The system is anchored to nothing but faith. Get it through your heads. It has been this way for over 40 years. As long as everyone believes, all will be fine. The system can't function unless there's debt. Every dollar in your pocket is technically debt. And you believe and the system keeps working. Schiff is always trying to shake your faith.

America is stuck in a fake race/police brutality/feminism war while politicians are out destroying the purchasing power of our money. Oh well.

That's why America needs to elect a Republican congress in November. Ho wait...

Both parties love to spend, until cuts are made it's nothing but a gigantic ponzi scheme.

that is easy. muricunt gov will print bonds, and private fed will print their confetti (so called dollars) and buy those bonds. Then the sheeple (tax cattle) will be taxed for the interest, straight into private fed's owners pockets. All is good

The Gov't Borrowed From Who ? The Fed. End The Fed. Audit The Fed. The Fed Has Never Been Audited. The Fed Doesn't Pay Income Tax. Why Own A Country If You Have To Pay Corporate Income Tax. End The Fed. See U Tube. 1913 Fed. Reserve Bank Act. Share.

Just my opinion, but any cost or expense that increases the national debt should be counted as part of the deficit. This practice of excluding certain items is nonsense and is misleading to the public.

Just wait and see how much it will increase when the recession sets in. Although I don't know who in their right mind will be buying the debt besides the fed.

Why even report a deficit figure then if you are going to add nearly double to the national debt by just making all the extra spending "off budget"? Sounds like a scam to me.

All those damn Democrats, spending us into oblivion!

Why debt increased more than the deficit ? Is the government trying to build up a cash buffer?

Remember the only way the dems would fund the military was to get over 700 billion is domestic spending. If you take that away you would have less than before and have the rebuilding the military spending. People forget the important details.

If the market doesn't circulate market gold currency , then all we have to play with is debt ..... ! ...... and who exactly is responsible for this decision ?

How much is the Wall that will "bring jobs" back to America? Was it another trillion in debt?

The FED & the Gov only know 2 ways to solve fiscal problems: CTRL+P and Borrowing AKA stealing from future generations

The hurricanes didn't help things. Give it a chance. The big ship doesn't turn on a dime.

It’s a uni party system.. msm has everyone at each other’s throats with pure tribalism to keep them focused on something else while they provide you with dick pill commercials.. yet libertarians are the “crazy” ones you gotta look out for lol

Thank you Peter. In Obama’s last year, the deficit was reported at 1/2 trillion. However, the debt jumped 1.3. Delayed timing of disbursements aside, 800 billion of medicare advances against Obamacare were booked on the govs balance sheet as a receivable. My first question was: from where?. I predicted real deficits under Trump of 1.5 to 1.8 before the books are cooked.

...right, and that's not even getting into the change in NPV (which is the ultimate all-included correct metric to be using). I calc'd it at -$200T based on USG 2017 financials, so excited to run the new numbers!

fiscally, environmentally the whole world is screwed... 🌎 💰 💀

Can’t wait to bankrupt the globalists!

I feel like a little Schiff. Been saying this to all the people who say the “great economy” is from 0bama.

"DraInInG thE SwAmP" yeah, sure thing buddy.

and it doesnt seem to matter

Support The Convention Of States Project. See F. B. .

One thing I don't get is that crypto people say their currencies are great for being decentralised and independent... Aren't they all essentially based on the system of trust that fiat currency is? How does that make it any better? Crypto still lacks any intrinsic value or tangibility, and pegging it to fiat just seems so hypocritical. And don't try to convince me bitcoin is a safe alternative, it is way too volatile to be considered a store of value. All cryptos are speculative assets. Not sure you can call them assets even since they provide no claim on future income...

Seriously Peter Schiff You should just stop commenting on Bitcoin. I get it, you wish gold didn't have to compete with bitcoin for dollar hating investor money, but it does and it will continue to. I don't mind you shilling your gold bag endlessly, but you're only going to hurt your own credibility if you keep droning on about how gold will be the only winner when the dollar tanks. A better strategy for you would be to buy a small position at $4,975 and double down if it hits $3k and/or $1,300. That way you won't miss out when we go to $50k.

Peter, you can only sell tether for crypto, not dollars directly. The only way to get out of tether is buying Bitcoin or altcoins, THEN selling the crypto on an exchange for US dollars THEN can be transferred to your bank account. It’s unlikely a mass exodus from Tether means a mass exodus from crypto entirely. Most people who got in won’t want to cash out now... after waiting for this 8mo pennant breakout

Why sell bitcoin? Tether reps the dollar! Get out of the dollar, and into bitcoin

False. If they are in tether they have no where to go but bitcoin...

If Peter is predicting Gold at $5000 well I’m predicting Bitcoin well over $50,000 and to be the global digital currency. And has nothing to do with Gold! 😎

Nuuuu do not mention that which we do not speak of. The cultists will come out of the woodwork and swarm you will trolling. Yikes!

Peter, I've followed you for years and generally respect what you have to say, but I can honestly say I have forgotten more about crypto than you will likely ever know, but that's only because I am banking on the fact you will continue to largely remain ignorant on the subject.

Tether money will just flow to another crypto. Probably bitcoin and launch it

Btc will only go higher from tether perspective, but the illusion of price will perish soon afyerbtether falls.

Electroneum ..the compliant Crypto , its what btc should have been ...i bought a bunch 👍

Chainlink is actually where it is at. Chain link is a decentralized orcale that connects Bitcoin and Ethereum together. It will be 1000 dollars per token some day

Only 1% of the world will ever be able to own .22 of a bitcoin... per person. About 5 million btc are lost and not all 21 million have been mined. Buy bitcoin before it's too late, it's the future whether you like it or not.

if the tether was a fraud, then the strong appreciation of 2017 may have been a bubble provoked, in parts, by it. But the market has already corrected.

No no it's not. That's a silly statement. Tether will go down but not btc.

www.cnbc.com/amp/2018/10/15/fidelity-launches-trade-execution-and-custody-for-cryptocurrencies.html

I Found me one of those link masters trying to plug into crypto

Btc about to drop it like it’s hotttt

Mr. Schiff are u link mastering btc ?

Link maSter flash !

No way mr who ever u r

You should really stop

Most important takeaway from the article, retail sales are up 4.7% year over year.

Peter Schiff - See the recent Economist Article by Ryan Avent titled "The next recession - Another economic downturn is just a matter of time." It's right up your alley.

Kavanaugh drank less last month

the economy is fine, but people are now holding back theres to much rhetoric from Washington and trade wars. I expect a slow down that's all. the fed will slow down fed is bluffing right now about quick hikes . this boom will keep booming another many years we are not going into any recession at all anytime soon . #Booming on and on for . forgot one serious thing millennials are taking over the economy they don't know "Bad" they know "internet"

so China is the NUN at the Whore House ???