Peter Schiff

So you're still behind.

But there are a lot of people that live on a fixed income where they're getting killed.

The middle class and the poor suffer more as a result of inflation.

But if the rich have the right mix of assets and liabilities, yes, they can benefit from inflation because inflation transfers wealth

from creditors to debtors.

So there are some rich people who are going to suffer because of inflation because they have a type of portfolio that's gonna be harmed, right?

Because inflation benefits debtors and hurts creditors.

And a lot of rich people are creditors.

If you think about it, who is the biggest debtor in the world?

The U.S.

government, right?

We're probably the biggest denner in the universe, right?

I mean, I don't know if there's life on any other planets, but I'm sure the U.S.

government is more in debt than any government on any planet in the universe.

That'd be my guess.

So the U.S.

government creates inflation because it benefits the U.S.

government to have inflation.

Yeah, I mean, there is a huge divide now, I think, the gap between the richest and the poorest.

I think that's been exacerbated.