This EVENT Just CONFIRMED Our Entire Predictions For Gold & Silver in 2024 - Peter Schiff & Robert
#gold #goldpriceprediction #peterschif #robertkiyosaki #silver
In this insightful discussion, financial experts Peter Schiff and Robert Kiyosaki explore the profound impact of President Nixon's decision to close the gold window on August 15th, 1971. They delve into the historical context of this move, its implications for the U.S. and global economies, and the continued repercussions of transitioning from a gold-backed currency to a fiat system.
The conversation covers the fiscal challenges of the late 1960s and early 1970s, including funding the Vietnam War, the moon landing, and the War on Poverty, leading to significant deficits and the monetization of debt by the Federal Reserve. Schiff and Kiyosaki argue that the fiat monetary system is on the brink of collapse and discuss the potential return to a gold standard, the introduction of a Fed coin, and the consequences for the American standard of living.
They also analyze the Federal Reserve's policies, particularly in response to the COVID-19 pandemic, and the resulting inflationary pressures. This video offers a comprehensive overview of the financial history and future predictions, emphasizing the importance of understanding these dynamics for personal financial planning.
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