Goldseek, Released on 8/18/23

– Michael Burry’s asymmetric $1.6 billion stock market bet – will his latest “Big Short” payoff?
– The monetary / deficit battle between domestic policymakers and inflation may result in galloping price hikes.
– Interest on the nation debt could exceed payments on S.S. and related entitlement programs.
– Peter expects the FOMC to cut rates eventually, increase QE and inflate an even bigger financial bubble.
– Flight into the Greenback could eventually reverse into gold, as investors flee fiat money.
– Investors are advised to procure gold in anticipation of currency debasement and default.
– Investment diversification is advisable, beginning with the hallmark of safety, gold investments.
– Peter is watching the bond market set record yields – “either bonds will rally or stocks will fall.”
– Money loses value slowly and then all at once – it is advisable to procure gold in advance.
– Elon Musk challenged Mark Zuckerberg to a back-yard sparring match.
– Peter Schiff offer’s his gym in Puerto Rico for the duo’s matchup.

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Peter made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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