Peter Schiff
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They need to create inflation to do that.
So they debased the value of the dollar.
Foreign central banks can see this.
They're getting rid of their dollars.
What are they replacing their dollars with?
They're replacing it with gold.
They're moving away from U.S.
dollars and U.S.
treasuries to gold.
People confuse store of value with price.
Price is not value.
Price is what you pay, right?
Value is what you get.
Bitcoin is nothing, has nothing in common with a physical, valuable, precious metal.
What they say is that inflation is necessary to have a prosperous economy.
We have to make sure prices go up.
Prices went down, nobody would buy any, which is bullshit because...
The real way that inflation benefits the rich is it wipes out... Inflation benefits debtors and hurts creditors.
My investment portfolio reflects what I expect the government to do, not what they should do.
We're in a bigger bubble.