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people aren't listening, and that's the tragedy... 19:28 none of the government numbers are honest I mean that's the one thing they're consistent they lie about everything 35:05 anymore uh and that's the source of our power that's the source of our standard of living the dollar and the world is starting to devest themselves of dollars now what are they buying with the dollars they're selling because in order to get out of the dollar you have to get into something they're getting into gold that's what they've been buying that's why Gold's at an all-time record high today despite the fact that individuals have been selling gold for months Gold's hitting a new alltime record high today because central banks are buying the gold to replace the dollar and they are preparing for a new gold standard where gold is going to be the key monetary Reserve asset, not US Dollars and that's what's happening and and and people haven't woken up they're too busy distracted by the con game in crypto to notice what's happening with gold 41:43 the production they've got the important part they've got the factories they've got the trained workers they produce the stuff all we do is create inflation, we print money, big deal 44:33 thanks to the government's policy since the 08 financial crisis the entire banking industry is insolvent and it needs the support of the government to stay afloat but the government can only support the banks if it sucks the wealth from the People by creating inflation uh so it's a house of cards built on a house of cards and you know it's it's in the process I think of imploding and and and we're going to suffer you know people if you have your money in a bank you are going to lose either your bank is going to fail and you're not going to get your money out of it or your bank fails and you get your money but if you get your money it's not going to buy you very much because the government's going to have to print it in order for you to get it and and and so it's either you lose your money or your money loses its value but either way you lose which is why I'm telling people get your money out of the bank while you can and do something with it and convert it into something real like those foreign central banks what are they doing with their dollars they're converting them into gold so you could do that too but you can also build a bigger portfolio that includes incom producing assets you know whether it's real estate, income producing real estate or dividend paying stocks you got to buy real things because at the the end of the day that's all that's left when you have hyperinflation the paper claims to wealth disappear but what's left is the actual stuff 1:04:06 obviously it's not that I'm so smart it's just that everybody else is is so dumb but they're not actually really dumb I mean there are a lot of people that have higher IQs than I do that are just getting all this wrong I mean so they've just been brainwashed indoctrinated they're trapped in a bubble and they're suffering from cognitive dissonance there was a famous book popular delusions in The Madness of crowds and you know that's what we're in and you know I'm just the same guy that everybody in the Asylum thinks is insane I'm maintaining a perspective and common sense and I understand what's going on and because I've understood it for so long people think I'm just a stop clock because I've been warning about these problems for years as they've been getting bigger and bigger and bigger they didn't just come out of left field right now when I first started warning about them there was enough time to do something, to defuse the bomb now we're past the point of no return the bomb's going off all we can do is brace for the impact and people aren't listening and that's the tragedy #collapse #inflation #thegreattaking #bankrun #peterschiff #gold #fuckbitcoin #hatebitcoin #theylieabouteverything U.S. Economic Crash Worse than 1929 Peter Schiff Issues Warning https://www.youtube.com/watch?v=zRZ1LrT3nas

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