On this episode of Impact Theory with Tom Bilyeu, we welcome renowned economist and financial commentator Peter Schiff. Dive into an eye-opening discussion as Peter lays out his predictions for the U.S. political landscape, including the potential influence of Robert Kennedy Jr.'s support for Trump and the future of Kamala Harris amidst economic turmoil. Schiff critically analyzes the nation's economic policies, tackling inflation, Social Security, government's role, and the controversial impact of illegal immigrant votes on elections. He warns about the looming economic crises, discussing hyperinflation, the devaluation of the U.S. dollar, and the shift towards a gold standard. Peter also shares investment strategies to safeguard assets during turbulent times, emphasizing the importance of owning physical gold and foreign investments. This episode is packed with insights on the potential collapse of the service sector, the dangers of endless government deficits, and the historical context of voting rights. Tom Bilyeu challenges Schiff's viewpoints, making for a spirited and thought-provoking dialogue. Don't miss out on this in-depth analysis of the current economic and political climate as Peter Schiff sheds light on what lies ahead for America.SHOWNOTESQualifications for voting and impact of government.Government regulation leads to higher consumer prices.Prepare for future expenses by buying strategically.Dollar crash leads to global consumption shift.More pressure to delay catastrophe, dollar weaponized.Seeking companies with strong investment and growth potential.Belief in fiat without intrinsic value.CHECK OUT OUR SPONSORSNetsuite: Download the CFO’s Guide to AI and Machine Learning for free at https://impacttheory.co/netsuiteITsept Range Rover: Explore the Range Rover Sport at https://impacttheory.co/rangeroverITpodsept Navage: Get a cleaning kit as a FREE gift with your order, but only by going to https://impacttheory.co/navageITpodsept24 Shopify: Sign up for a $1/month trial period at https://impacttheory.co/shopifyITpodsept ZBiotics: Head to https://impacttheory.co/zbioticsITseptpod and use the code IMPACT at checkout for 15% off.Found Banking: Sign up for Found for FREE today at https://impacttheory.co/foundITpodSept Betterhelp: This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month.AG1: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://www.drinkag1.com/impact Aura: Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/impact to start your free two-week trial.FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuWhat's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheoryFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuWhat's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.