Great Depression Coming & Bitcoin Going To $0 or $1 Million? - Peter Schiff vs Raoul Paul Debate

2024 ж. 16 Мам.
2 207 802 Рет қаралды

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We can agree we are in a time of transition, so what is the next best move?
In today’s episode of Impact Theory, we’ve got a hot debate between economists and investing experts Raoul Pal and Peter Schiff as we discuss Bitcoin and the future of the economy.
Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and his insights into the current recession, global economy, and volatile markets are well respected.
Peter Schiff is a seasoned Wall Street prognosticator known for his spot on predictions of the stock market performance, including gold, commodities, and the mighty dollar.
In this debate, we’re touching on:
- Value vs. price
- Potential currency collapse and its effects
- Bitcoin's allure and the comparison with gold standard
- Market impact predictions of the 2024 election
- AI's potential to alleviate economic problems
- Differing ways to prepare for hyperinflation or financial repression
- Asset value in a volatile market
- The growing national debt and potential hyperinflation
- Historical patterns of financial repression
- Blockchain technology and digital asset utilization
- The future of Social Security
This episode is a must watch for anyone who wants to look deep into the debates between gold and digital assets, investment strategies amid economic uncertainty, and the possibility of a great depression.
Chapter Markers:
[0:00] Let’s Agree on the Problem
[32:58] Digital vs. Physical Assets
[1:04:02] Eroding Value of Bitcoin
[1:56:55] What About the National Debt?
[2:07:19] Impact of AI and Robots on Economy
[2:37:17] Ideas Causing the Underlying Problem
Powerful Insights From the Debate:
“Instead of taking your money by taxing you openly and directly or even indirectly through a sales tax, [the government] surreptitiously robs you of your purchasing power by just creating money out of thin air, usually with a complicit central bank."
- Peter Schiff
"I've always liked gold, but gold has not done particularly well in recent years. Against debasement on a globalized basis, it still works beautifully well as a global currency, and against global debasement over time. It works. But the really strong debasement we've been having in recent years, it just hasn't done well enough"
- Raoul Pal
"So I think people who are getting out of the dollar or the euro and buying bitcoin have jumped out of the frying pan into the fire."
- Peter Schiff
"What's harder is to say, what the hell does an economy mean after 2030, when you've got endless AI and robots and AGI? What what value do you provide in that world?"
- Raoul Pal
"Because the free market is trying to lower prices by increasing productivity, the government is raising them by creating inflation. And so it's a dance. But to the extent that we can have a huge surge in productivity that's driven by AI or robotics or a combination of the two, that's actually a good thing."
- Peter Schiff
“And I just urge all of us to just make sure that we don't get obsessed by our own mental models, because they will change, and the world changes. And sometimes we can be dead wrong, and sometimes we can be dead right."
- Raoul Pal
"Our ability to stimulate with QE, with inflation is predicated on the false belief that the fed could shrink the balance sheet, withdraw the liquidity, normalize interest rates, we can pay off the debt. When the markets come to the unfortunate realization that that's not true, then the bottom drops out and we can't kick the can down the road anymore because there's no more road."
- Peter Schiff
Follow Raoul Pal:
Website: www.realvision.com/
Twitter: / raoulgmi
LinkedIn: / raoul-pal-real-vision
KZhead: www.youtube.com/@RealVisionFi...
Follow Peter Schiff:
Website: www.schiffsovereign.com/
Podcast: schiffradio.com/
X: / peterschiff
KZhead: www.youtube.com/@peterschiff/...
Follow Me, Tom Bilyeu:
Website: impacttheoryuniversity.com/
X: / tombilyeu
Instagram: / tombilyeu
If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: dexa.ai/tombilyeu
Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships

Пікірлер
  • I love Both! Bitcoin and Gold (some silver too) Take profit from Bitcoin and buy a little gold as backup. Get some land too if the taxes are reasonable. Its best to have several piles of profitable stuff.

    @cryptowolf-zf3fs@cryptowolf-zf3fs2 ай бұрын
    • You just solved this three hour conversation! Haha agreed

      @weekend_warrior_podcast@weekend_warrior_podcast2 ай бұрын
    • You are the only reasonable person here!

      @immigrantsagainstimmigrati2557@immigrantsagainstimmigrati25572 ай бұрын
    • The 5 G's + 1 B = gold guns ground grub gas plus bitcoin.

      @ArrestYourAddiction@ArrestYourAddiction2 ай бұрын
    • Exactly, its called not putting all your eggs into one basket.

      @OGCrypto33@OGCrypto332 ай бұрын
    • For real. I dont trust Bitcoin as a store of value long. If you need that in a few years, the volatility is too much. This bubble will pop when the dollar spikes and hodlers need cash to pay for things

      @The-Dirty-Straw@The-Dirty-Straw2 ай бұрын
  • The yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k

    @MickyGlover@MickyGlover4 күн бұрын
    • Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

      @Vivienedouglass@Vivienedouglass4 күн бұрын
    • A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

      @GaryNicka@GaryNicka4 күн бұрын
    • Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

      @Jamesjerome0@Jamesjerome04 күн бұрын
    • Actually its a Lady. Yes my go to person is a ‘MICHELE KATHERINE SINGH '. So easy and compassionate Lady. You should take a look at her work.

      @GaryNicka@GaryNicka4 күн бұрын
    • Thank you for this amazing tip. I just looked the name up and wrote her up, to schedule a call. many thanks

      @Jamesjerome0@Jamesjerome04 күн бұрын
  • This is the best example of a moderator in a debate I've seen in a LONG time. Wow. Almost fully impartial, kept them on topic, did recaps, forced them to define their mindset and why they thought that. The moderator was the MVP of this debate IMO.

    @matthew1106@matthew11062 ай бұрын
    • When I’m looking for ‘em partial / moderator. Tom Bilyeu is cream of the crop!! Love it!

      @themetamentors@themetamentors2 ай бұрын
    • What was needed was sorely lacking - someone to tell them that they're both wrong . The rich man's game is coming to an end . That's why all of the big hitters are selling their stocks in their own companies , and why they have built and are ready to go into their underground bunkers . They know what's coming because they planned it all , and they know it's not going to be pretty . Especially for those on the surface , where they don't intend to be .

      @huntncover@huntncover2 ай бұрын
    • Yes great job

      @billdyer4243@billdyer42432 ай бұрын
    • Tom to moderate presidential debates!

      @jerrudhirschey7479@jerrudhirschey74792 ай бұрын
    • Agree 100%

      @david.morebau@david.morebau2 ай бұрын
  • I expect AMS59K to over take ethereum in market cap in 2 cycles

    @oscargamer3982@oscargamer398212 күн бұрын
  • I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it. Investing is a long-term game. It's just hard to focus on the long term playbook when I'm already in a massive loss.

    @user-sb6po3yj7d@user-sb6po3yj7d7 күн бұрын
    • Stay strong, the "S/P 500 grows 10% on average per year" is just that.... an average. So itll be -20% some years +30% the next.

      @AstaKristjan@AstaKristjan7 күн бұрын
    • I for one I'm not happy about the inflation anymore: Central Banks with the U.S. Federal Reserve should be held accountable. It suprises me when I hear people say they're in profit even when the entire stock market index has lost over 20%. And I'm moved to ask, what do people do?

      @Andrian-ch3on@Andrian-ch3on7 күн бұрын
    • Tho I have some experience with investing, the smartest move is finding a financial advisro with the right skills and exposure in your area of interst (stock). I and husband are doing pretty well with that. It's been a good ride.

      @Erinmills98@Erinmills987 күн бұрын
    • I've thought about finding an adviser but've been quite unsure if it was the right step for a noob. with this, I'm more convinced and I think I'm a step closer towards finding one. my next problem now is, how do I reahc one.... I see some on CNBC but I don't know them that mch... Do you mind if I asked the particular adviser assisting you?

      @Andrian-ch3on@Andrian-ch3on7 күн бұрын
    • You may Know Kristin Amy Rose but If don't, do look her up. She's been my ad-visor for the most part and it's been a smooth ride.

      @Erinmills98@Erinmills987 күн бұрын
  • Reminder to self, come back in 10 years and re-watch.

    @brandonjustes947@brandonjustes9472 ай бұрын
    • When you watch this in 2034 Peter Schiff will seem like the prophet who knew everything. Raoul will be an example of the delusion that was pervasive.

      @metapresentations8918@metapresentations89182 ай бұрын
    • there will be no "10 years"; it's all going to be over in 3-6 years "ALL-- EVERYTHING" !!

      @Passerby8822@Passerby88222 ай бұрын
    • ​@@metapresentations8918😂😂wake up ffs bitcoin gona wreck him as it has for 15 years

      @chrismale9976@chrismale99762 ай бұрын
    • Bitcoin 2.7million dollars, gold 5500

      @hamradiocq@hamradiocq2 ай бұрын
    • Central Banks can use governments to sanction Bitcoin when the CBDC comes out. The same is true with gold or silver. Still, China, Russia, India, etc. have been stock piling gold for over a decade.

      @kengaroo5170@kengaroo51702 ай бұрын
  • I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas

    @BenjaminMcLeod815@BenjaminMcLeod8158 күн бұрын
    • its best you look for an FA for smarter investment decisions

      @Scottlong267@Scottlong2678 күн бұрын
    • The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter

      @Thomasbonner752@Thomasbonner7528 күн бұрын
    • Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

      @PhilipMurray251@PhilipMurray2518 күн бұрын
    • Amber Kay Wright is her name. sub the web for her

      @Thomasbonner752@Thomasbonner7528 күн бұрын
    • I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

      @PhilipMurray251@PhilipMurray2518 күн бұрын
  • As usual, great job. Please do a deep dive on AMS59K. I recently invested as I believe in the project, but would love to know even more.

    @rociolovio6545@rociolovio654512 күн бұрын
  • My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? Really need some urgent advice

    @JamieClemenger-ze5pt@JamieClemenger-ze5pt15 күн бұрын
    • Keeping up with news sources like CNBC could help out Just buy when prices are low and sell when prices rise

      @JulioIbanez-mb4il@JulioIbanez-mb4il15 күн бұрын
    • A lot of folks downplay the role of advlsors until being burnt by their own emotions. Over the years, Ive been able to achieve a level of financial growth that I never thought possible, by just partnering with seasoned traders and financial advisors. This method remains highly efficient even till today

      @PhilDurham-gw8qd@PhilDurham-gw8qd15 күн бұрын
    • JodyNorman has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets.

      @ArmandoMelaj-et4pi@ArmandoMelaj-et4pi15 күн бұрын
    • Yeah. Jody's strategy is one of the most effective among other experts. Many others are not dependable.

      @FilipShekh@FilipShekh15 күн бұрын
    • I highly recommend her if you want excellent collaboration.

      @ArmandoMelaj-et4pi@ArmandoMelaj-et4pi15 күн бұрын
  • Peter Schiff's 480p camera shows where is the best store of value.

    @francoiscadieux738@francoiscadieux7382 ай бұрын
    • Lmao the same old logitech

      @reallyshel@reallyshel2 ай бұрын
    • Peter's investments have tanked so much he can only afford a 480p camera.

      @squishyplums2415@squishyplums24152 ай бұрын
    • 😂

      @crochetninja5752@crochetninja57522 ай бұрын
    • @@squishyplums2415 💀💀

      @thatmatty231guy@thatmatty231guy2 ай бұрын
    • 240p barely

      @ravenkhoury@ravenkhoury2 ай бұрын
  • What we really need is to get Peter Schiff and Michael Saylor in the same room!

    @jameswells0327@jameswells03272 ай бұрын
    • "People who use gold as a store of value,we call them poor" 🤣

      @axejokertv5336@axejokertv53362 ай бұрын
    • That will never happen. Saylor will never debate Peter Schiff because he has too much invested in $hitCOIN and knows full well that Peter is more than capable of instilling his greatest fear and more than the small amount of doubt required to SCHIFFt the HODL (Hold On for Dear Life) mentality to RYL (Run for Your Life). GET OUT WHILE YOU STILL CAN. $hitCOIN is the 2nd biggest ponzi in history, second only to the largest ever ponzi scheme currently being run by the US Government with the aid of the Federal Reserve.

      @FIX-IT-Yourself@FIX-IT-Yourself2 ай бұрын
    • Schiff doesn't belong in a room with Saylor, and Michael probably wouldn't waste his time with Schiff.

      @russbilderback@russbilderbackАй бұрын
    • @@russbilderback YOU'RE ABSOLUTELY RIGHT!!!! Saylor doesn't belong in a room with Schiff he belongs in a prison cell. The amount of people he advocates should invest all their money into $HITCOIN is criminal. A lot of people, including you obviously and every other HODLer, will unfortunately be left holding a digital wallet 'full of nothing' when the 'whale pumpers' like Saylor head for the exits, culminating in a huge transfer of wealth from the foolish greedy delusional (getting in at the elevated price levels) to the cunning and nefarious who will decide the best opportunity to exit this massive ponzi scheme. Good luck to you and all the others who freely participate in this 2nd largest ponzi scheme, second only to the largest ponzi scheme currently being run by the US Government and the Federal Reserve. Don't say you haven't been warned or cry to the government for regulation. No one should take pity or have any sympathy for anyone who gets burned playing with fire.

      @FIX-IT-Yourself@FIX-IT-YourselfАй бұрын
    • Why? Schiff would just embarrass himself even more with his anti-bitcoin mania. BTC is overtaking silver shortly in market cap and in a couple of years I think it will have surpassed gold too.

      @aries6776@aries6776Ай бұрын
  • Please buy Bitcoin and don’t listen to Peter, if you can though. He's just too stubborn as a mule. I regret not following my instinct and bought bitcoin some months ago when its price was between $20k and $25k because i listened to Peter. It's quite devastating now.

    @ambertraceyy@ambertraceyy29 күн бұрын
    • This is why I only take advices from my advsor for good entry and exit points on any buys. Best decision yet.

      @fredm1@fredm129 күн бұрын
    • Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

      @josephbush@josephbush29 күн бұрын
    • @josephbush May I know the name of the advsor who has been assisting you, please?

      @debwes1@debwes129 күн бұрын
    • Thanks for this. Found her and looked through her credentials before contacting her. Once again many thanks.

      @debwes1@debwes129 күн бұрын
    • Shitcoin is all hype.. there is no predicting it.. it relies on hype and propaganda to go up..

      @keithbellair9508@keithbellair950829 күн бұрын
  • This was one of the most fascinating debates I have ever listened to. I am seventy years old and have been self employed since my late twenties. I appreciated both sides of the discussion and the moderator did a fantastic job in controlling the debate and expressing his own views. I think it’s fair to say that this debate reflected generational differences which added to the interest. I totally "got" Peter Schiff's perspective because his is the rationalization that I have grown up with. However, I was intrigued by Raoul Pal's perspective and actually found it inspirational, and perhaps that is what is needed in this world right now more than anything else. Congratulations to you three gentlemen, you all did yourselves proud!

    @richardhaysom@richardhaysomАй бұрын
    • They are both full of it. Bitcoin is a speculation product and a poor means of exchange Gold is a commodity and store of value but mostly propped up by peoples egos. Raoul exposed himself when he said the point he backs bitcoin is his ability to make money from it.. Dollars. It all comes back to making dollars - the real means of exchange. Both speakers have an agenda and bias, thanking them for that is foolish. Sorry, just being honest

      @investoroncoke@investoroncoke29 күн бұрын
    • @@investoroncoke And you're on coke, so we should definitely value your opinion.

      @bradshawlitigation5544@bradshawlitigation554425 күн бұрын
    • Agreed. Great discussion on the issues.

      @bradshawlitigation5544@bradshawlitigation554425 күн бұрын
    • Really? I went in open minded, and was very Disappointed at what peter said his argument was very loose and he made paul raul's point for him many times. Peter needs to do his homework and actually come up with valid arguments. Using his watch as an example of how gold has value and Bitcoin doesn't has to be the dumbest thing I've ever heard.He proved that gold is not much different from Bitcoin.

      @keystonefreebordcrew1482@keystonefreebordcrew148222 күн бұрын
    • Nobody Mentions The fact that if gold at some point is able to be created from other Materials, then the price of gold will dump like Crazy.Because the supply goes way up and it will become worthless.That's the biggest thing I think about when you compare the two. They aren't much different.

      @keystonefreebordcrew1482@keystonefreebordcrew148222 күн бұрын
  • Dude this was so good - I watched every minute. I have way more questions than answers

    @AndreiJikh@AndreiJikh2 ай бұрын
    • And your channel is great too, every minute of it. That said they never mentioned about confiscability of gold as was done several times in the past. In essence, Bitcoin is about Property Rights. For example, during WWII the nazi government looted over $200 million in gold from the Jews (which equates approximately to over $4 Billion in 2020 currency) to finance their wars to acquire more land. Because someone (or a government) can just kill you to take your gold. But today with Bitcoin (aka “digital gold”) they can still kill you but they cannot get the bitcoin(s) as easily as gold.

      @LucyDarlington@LucyDarlington2 ай бұрын
    • Yeah I loved that finally we can get two people that disagree with each other instead of it always being one side. Wished they mentioned monero though lol.

      @moneroai@moneroai2 ай бұрын
    • Oh look the guy with the annoying voice.

      @candycaneunicorn8024@candycaneunicorn80242 ай бұрын
    • @@candycaneunicorn8024meany head. Andrei your voice is mid. Goldilocks zone. You’ll be okay ♥️

      @hunterhemingway@hunterhemingway2 ай бұрын
    • Ask the question of what is real and what will feed your family.

      @jconn1111@jconn11112 ай бұрын
  • should have titled this the clash of economic titans. Passive Bitcoin investments rely on momentum, simple, yet often misunderstood. No free lunch in finances. 5k in doge made me half a million after taxes, i threw that into futures now holding over $4m in de-fi assets

    @MaxWell-pp9zs@MaxWell-pp9zs18 күн бұрын
    • you simply lucked out

      @Joe900-px3nt@Joe900-px3nt18 күн бұрын
    • ill credit that to my research that led me to emily ava milligan, a top fund manager rather than luck. 500k to where i'm at is impossible without skill

      @MaxWell-pp9zs@MaxWell-pp9zs18 күн бұрын
    • Its interesting how similar our experiences are. I pulled in 450 grand last month, thanks to my fund manager. I also use gold as a hedge against surprises, I'm on both teams. It's encouraging when i see others make tangible results

      @SaraNisha-fw4uk@SaraNisha-fw4uk18 күн бұрын
    • same here, the true worth of a capable fund manager should be evident from their performance within the first few months. It's wonderful to have a community like this, delving into these topics

      @MaxWell-pp9zs@MaxWell-pp9zs18 күн бұрын
    • I copied her name and pasted it into my browser, her website popped up. Finding a good reference like yours is rare, I appreciate you sharing it

      @HananOich@HananOich11 күн бұрын
  • Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

    @Celikmanzerrin@Celikmanzerrin21 күн бұрын
    • I'd recommend Sam Deymon as the ideal finacial adviser to use.

      @GeraldLoftin822@GeraldLoftin82221 күн бұрын
    • He's TE LEG RAM....

      @GeraldLoftin822@GeraldLoftin82221 күн бұрын
    • @samdeymon53 💯..that's it = 4 advise..

      @GeraldLoftin822@GeraldLoftin82221 күн бұрын
    • Cant thank Mr Sam Deymon enough $538,650.00!

      @OumarHajar@OumarHajar21 күн бұрын
    • Great content for the best person thanks for your sharing raod

      @OumarHajar@OumarHajar21 күн бұрын
  • WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!

    @TomBilyeu@TomBilyeu2 ай бұрын
    • @TomBilyeu I'd really love to see this exact presentation with Raul Paul and Richard Heart... It won't be the whole gold vs. BTC... The reality is, one is physical & the other is digital & nothing more than a win/lose proposition between buying & selling. Richard Heart will bring new information to the table in that he's figured out how to improve use as a currency, how to invest your asset to earn more of the asset (without wasting electricity in mining), & has both inflationary and deflationary properties. Heart uses the BTC model, but improves it for everyone.

      @atheplummer@atheplummer2 ай бұрын
    • This is another ABSOLUTE red flag this is a scam all over the world. If Raoul truly believed in this phantom "asset" he would debate me.

      @Ackermanmedia@Ackermanmedia2 ай бұрын
    • What was their opinion on Shiba inu

      @Thedogfathersd@Thedogfathersd2 ай бұрын
    • Thanks for this debate Tom!

      @TechnologyBuzz3000@TechnologyBuzz30002 ай бұрын
    • Watch out for the temple in Jerusalem. It will put silver coin over the top.

      @anthothiyahisrael422@anthothiyahisrael4222 ай бұрын
  • We need a Michael Saylor debate with Peter Schiff!

    @warlordwillie422@warlordwillie4222 ай бұрын
    • And whats he gonna say?

      @mbrum3230@mbrum32302 ай бұрын
    • Not gonna happen. Waste of his time

      @deepshallows@deepshallows2 ай бұрын
    • Saylor....😅

      @BradKwfc@BradKwfc2 ай бұрын
    • MS would destroy him

      @Addzaye@Addzaye2 ай бұрын
    • Michael "Trust me bro" Saylor

      @A.I.-@A.I.-2 ай бұрын
  • Hey Peter, if Bitcoin is such a bad asset, why is there a "Pay with Cryptocurrency" button on your website?

    @latenines@latenines11 күн бұрын
    • I would recon he is testing if people use it to pay for things. If bitcoin is not used for payments, what is the value??

      @anniewhereandAmsterdam@anniewhereandAmsterdam16 сағат бұрын
  • Sir I have one question, everytime I buy low and sell high I should be making more money right? But my wallet becomes less and less, why is this?

    @Carmelia630@Carmelia6304 күн бұрын
  • Given the approval of several Bitcoin ETFs, I'm cautious about FOMO and the potential of a tulip mania scenario. What are the most effective strategies to invest $500k in crypto for maximizing profits in the next 9 months?

    @alicegomez7232@alicegomez7232Ай бұрын
    • Profits hinge on capital; it's recommended to engage with a genuine market strategist to prevent errors and sustain consistent gains.

      @lucasanderson8993@lucasanderson8993Ай бұрын
    • True. This is why I work with an investment advlsor. I currently have $690k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures for this year.

      @tommychestnut5335@tommychestnut5335Ай бұрын
    • May I know the name of the advsor who has been assisting you, please?

      @wellsHannahh@wellsHannahhАй бұрын
    • Heather Lee Larioni… that’s my advisor’s name. Thank me later.

      @tommychestnut5335@tommychestnut5335Ай бұрын
    • Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call

      @wellsHannahh@wellsHannahhАй бұрын
  • Despite Peter & Raoul being so close in age, I can't help but notice how they embody the thought patterns and conversational styles of their respective generations. Peter is pretty solidly a Baby Boomer in strength of conviction and emphasis on values and continuity. Meanwhile Raoul is classic Gen-Xer, introducing a lot of space for uncertainty, self-critiquing and investigating the implicit biases of the different economic narratives.

    @frankscott1708@frankscott17082 ай бұрын
    • Underrated comment

      @rhynojosh@rhynojosh2 ай бұрын
    • Raoul is more versatile better mind.

      @etishbite456@etishbite4562 ай бұрын
    • Great observation

      @nick-oi1xf@nick-oi1xf2 ай бұрын
    • It seemed like Schiff didn't have enough respect for the younger generation. A few comments were really dismissive.

      @alexpapaefthimiou1282@alexpapaefthimiou12822 ай бұрын
    • I'm Gen-X Bitcoin is an open source algorithm with 20K permutations. Good luck betting your future financial health buying bitcoin at 40K+ USD I prefer income producing equities, property and some cash.

      @MarkMark-ji6ts@MarkMark-ji6ts2 ай бұрын
  • Well done excellent debate. The winners were Raul Paul, Peter Schiff, and all of us.

    @jackgoldman1@jackgoldman119 күн бұрын
  • Hope to see more of these debates, thank you Tom.

    @LuisCortezChapin@LuisCortezChapin29 күн бұрын
  • One of the greatest link ups we didn’t know we needed

    @orlandomalo6191@orlandomalo61912 ай бұрын
    • No it isn't. Peter Schiff is mentally ill. He has been on record saying Bitcoin will go to zero every year for the past dozen years. If you listen to this fool, your brain is broken.

      @-whackd@-whackd2 ай бұрын
    • 💯 agree… enjoyed every minute!

      @ariesbull@ariesbull2 ай бұрын
    • Both made excellent points

      @SilverStoll@SilverStoll2 ай бұрын
    • Who’s we?

      @michaelholmes8848@michaelholmes88482 ай бұрын
    • the viewers @@michaelholmes8848

      @GroovyNomad@GroovyNomadАй бұрын
  • "What would have to happen for you to reverse your opinion" was the best question ever.

    @enginestarter664@enginestarter6642 ай бұрын
    • too bad neither answered it. nothing will convince peter to change. honestly i wouldn't be surprised if he's secretly hedging his own bets with bitcoin.

      @blakelwhitney@blakelwhitney2 ай бұрын
    • @@blakelwhitney He has been accepting btc for payment of gold since the early days. Hmmmmm

      @taxationistheft711@taxationistheft7112 ай бұрын
    • @@blakelwhitneyyou hit the nail on the head… he would never publicly admit such thing

      @muntkins@muntkins2 ай бұрын
    • 💯

      @trinitylove8535@trinitylove85352 ай бұрын
    • @@muntkins any sound investor would diversify into the new asset class just in case.

      @blakelwhitney@blakelwhitney2 ай бұрын
  • wow dis is a disscussion what i want t see. Neu channel found. love you! Bought m first btc and altcoins. im hyped. learning and research is my new daily goal. First Question: witch presale shall i buy?

    @oklufbokluf2839@oklufbokluf283925 күн бұрын
  • For those who believe, no proof is necessary. For those who do not believe, no proof is possible.

    @animismusworks6237@animismusworks62372 ай бұрын
    • You just described the mass deformation being forced on societies. Just a vapor.

      @helenkessler6012@helenkessler60122 ай бұрын
    • well, if those who believe will be proven wrong I am not so sure if they agree to your statement

      @HerrschmannNachmann@HerrschmannNachmann2 ай бұрын
    • For those who believe, there’s room for disbelief. For those who know, there’s no room for belief.

      @karriemsharief@karriemsharief2 ай бұрын
    • Exactly

      @megbride5645@megbride56452 ай бұрын
    • 200 million users of bitcoin currently. It's called consensus. It could also be called proof. Depends on what your measure of proof is. Perhaps after this bull market where the residual users have doubled to 400 million?

      @anthonyprice3353@anthonyprice33532 ай бұрын
  • I can't wait to watch this in about 3-4 years. Tom, thank you for this. This is beautiful.

    @davehenning7747@davehenning77472 ай бұрын
    • Both of these guys were making these arguments 3 - 4 years ago. Peter Schiff is a clown, and what he’s selling is an antidote to fomo. No one that invest in his funds makes money but hey, you get to feel good.

      @cyberft@cyberft2 ай бұрын
    • And then what? If BTC is 2 or 3 million in 4 years, Schiff will still be able to say it "will go to zero, because it has no intrinsic value", and Pal could be saying BTC will bounce right back if BTC is around 5000 by that time. But what is obvious is that although there are extreme fluctuations, the lows are getting higher with each run. So, watching it again in 4 years will most likely be a disappointment, because it will give NO clear answer to who was right. But my money is on BTC.

      @rjwassenaar7511@rjwassenaar75112 ай бұрын
    • This is the first time I've heard them in about 4yrs, and they are saying exactly the same crap. They both have been saying this crap since the GFC 2008, and they both missed the biggest bull market in history. They have no idea what they are saying.

      @spacewalktraveller1@spacewalktraveller12 ай бұрын
    • @@spacewalktraveller1 So, what is your story in a nutshell then that is completely different from both Peter and Raoul?? Seriously, I am very curious to hear a different, and better, perspective. And to give you start, i would like to point out that I am sure Raoul has seen an extreme growth of his wealth, since he has been in crypto since (I believe) 2012 or 2014. And that means he probably did much better than just being in stocks. By the way, Raoul could impossibly have been saying "exactly the same crap" since the GFC 2008, because nobody ever heard of cryptos in 2008 or 2009.

      @rjwassenaar7511@rjwassenaar75112 ай бұрын
    • Are you sure about that? How sure are you, that you will be around in 3 to 4 years? Go back to the real world, you only have this moment, tomorrow is a mystery

      @MrManny075@MrManny0752 ай бұрын
  • Mate, seeing you first time... But this kind of confrontation is so f..cking awesome! You are staying aside... Letting them speak using arguments. Great stuff... All the best bro... Subbed.

    @BreathingInDM@BreathingInDM15 күн бұрын
  • Tom, it was really nice to hear you moderate this conversation so well. It was really respectfull.

    @marlifalize3191@marlifalize31912 ай бұрын
    • Tom you did great! That was not easy!

      @Huntress101@Huntress1012 ай бұрын
    • It easy to get the temperature out of control, you did a great job. I bought gold at the bank, tried to save but 1dollar gold from the bank is same as 1 paper and people trade it straight across so in long run I was not able to save it. Tokens are easier not to spend. It’s still an invisible asset. One carton of eggs is worth one jar of pickles an a small jar of jelly. So value is what that the other person can use in their life to sustain it.

      @joycehaines2055@joycehaines20552 ай бұрын
    • Tom - you moderated expertly. This was a great meeting of the minds. Great show. One of your best.

      @phil1297@phil12972 ай бұрын
    • yup. Enjoyed the discussions and appreciate you ocassionally stepping in to get back on track

      @exxonrcg@exxonrcg2 ай бұрын
    • How can he moderate it well if he is in one of the camps???

      @jb9433@jb94332 ай бұрын
  • Speaking as someone who has watched financial interviews for a decade. This is one of the best interviews I have seen with 2 of the greatest financial minds and a great host.

    @ProfRogers@ProfRogers2 ай бұрын
    • Lol. How can you say that. This Peter guy is a complete idiot. Lack of intelligence.

      @tramac@tramac2 ай бұрын
    • I don't know man. This peter schiff guy is a clown. There are way better arguments against bitcoin if you go through the letters sent to SEC to object the ETF approval. Things like how it's centralized in terms of miners, threat of quantum computing etc. Entertaining to watch tho.

      @galeru@galeru2 ай бұрын
    • schiff doesn't have a clue what he is talking about.

      @johnnygringo2239@johnnygringo22392 ай бұрын
    • i agree, superb interview.

      @av-tv.@av-tv.2 ай бұрын
    • a decade of experience and this is one of the best interviews... BRUH... Peter is a joke.

      @jaimeaguirre4424@jaimeaguirre44242 ай бұрын
  • Really great debate. Enjoyed the debate format and the mutual respect both sides showed one another while making sure to get their voice heard! Thank you very much.

    @rodneymyers6728@rodneymyers672816 күн бұрын
  • A refreshing highly valuable debate for us to form our own ideas, we need to see more opposing long form across all topics.

    @kaiserwaldon@kaiserwaldon28 күн бұрын
  • Both Peter and Raoul are very smart dudes. Excellent video. I really appreciate both viewpoints.

    @michaelchin3550@michaelchin35502 ай бұрын
    • Totally agree. I have a little bit of both gold, silver and bitcoin. I would love to see Bitcoin succeed, but it still has some way to go. Needs to be more stable to be able to use it really

      @Weldeborn@Weldeborn2 ай бұрын
    • Raoul is smart.... the other guy is just a dinosaur that will be extinct soon.

      @aries6776@aries6776Ай бұрын
    • @@aries6776 I guess you did not listen to the whole debate. Buy a beer with Bitcoin. LOL

      @michaelchin3550@michaelchin3550Ай бұрын
    • @@michaelchin3550 No, Neon. what i'm telling you is that one day, you won't have too

      @MoisesDelJesus@MoisesDelJesusАй бұрын
    • @@michaelchin3550 lol I couldn't listen to any more of his anti-bitcoin BS and switched off. EDIT: Yes QE is evil, was that the underlying point? We've known this for 2 thousand years! So many civilizations have run into this issue. They devalue their currency and their empires collapse. Which is why bitcoin is the solution. He's still arguing for gold vs bitcoin right up to the end! He's just a dinosaur who will be poorer than someone who moved their same capital from gold to bitcoin.

      @aries6776@aries6776Ай бұрын
  • Possibly the BEST Bitcoin debate I've seen. Both sides of the argument are super legit. 🔥🔥🔥

    @J-Rod73@J-Rod732 ай бұрын
    • Schiff has a tremendous blind spot for what makes things stores of value, and it's because his livelihood depends on that blind spot. strange to watch as he is a smart guy otherwise.

      @donkeybus@donkeybus2 ай бұрын
    • Peter is a fucking idiot who demonstrates over and over again he has no idea how digital properties have real value

      @mattmcginley7@mattmcginley72 ай бұрын
    • The basis of Peter's argument is "the reason gold has value and Bitcoin has none is gold has practical, real world uses/demand outside of just being money". considering gold's non monetary uses constitute a tiny fraction of its monetary use, I think that argument is bs.

      @zachbeall6810@zachbeall68102 ай бұрын
    • @@zachbeall6810 I agree. All I know is that crypto has been and continues to be the fastest horse. I just hate that once we all make our gains, the majority of us are going to sell our crypto back into the fiat system we are trying to escape. 🥴

      @J-Rod73@J-Rod732 ай бұрын
    • But see that's why you're wrong, because gold has a large use case outside of money. There's a large percentage of goods we produce today that cannot be created without gold. Gold being used as money is a small percentage of use today, so your assumption is actually the opposite of the truth.@@zachbeall6810

      @chuckdawit@chuckdawit2 ай бұрын
  • Amazing conversation, interesting points from both sides. Brilliant interviewer

    @Mattyg08@Mattyg0829 күн бұрын
  • Talking to Peter Schiff feels like chatting with my 75-year-old farmer grandpa.

    @azizboumiza3449@azizboumiza344917 күн бұрын
    • Your grandpa must be a wise man.

      @Randy-MacDonald@Randy-MacDonald11 күн бұрын
  • After this interview I really respect Raoul. His form of Conversing and questioning ideas is on a whole other level

    @isiglz@isiglz2 ай бұрын
    • Bollox

      @jimbobarooney2861@jimbobarooney28612 ай бұрын
    • Agree 100%

      @Jawsh98@Jawsh982 ай бұрын
    • Totally agree

      @meme64561@meme645612 ай бұрын
    • Not unusual for a con man.

      @mbrum3230@mbrum32302 ай бұрын
    • ​@mbrum3230 a bit salty huh....😅😅😅😂

      @opsecclassified6469@opsecclassified64692 ай бұрын
  • long story short.. people just need to realize that we as human beings as a collective are the ones that assign value to anything. That this done through supply and demand, scarcity and abundance.

    @jerelrobinson3762@jerelrobinson3762Ай бұрын
    • Well said, We put price on rocks (diamond)metal(gold) and is all about supply and demand. Basic economics. $ is paper, the more we print, it worth less. Go back to history, Greece and Rome. look at what happened then and now with the Fiat currency. People collectively can make the difference (GAMESTOP), not only the "big shoots"....

      @carlosrivera-tc3zv@carlosrivera-tc3zvАй бұрын
    • I don’t think the value of anything is determined collectively, but rather on an individual basis according to the need of the individual. Only you can decide what you can or can’t live without. When all things are scarce, the collective is not relevant, to the survival of the individual.

      @user-fb7jr2fb1q@user-fb7jr2fb1qАй бұрын
    • Actually I'd say the real value of something is determined by what it cost to replace it. Bitcoin has no value other then what people think/say it's worth, gold cost man power, diesel, equipment, repairs, land and taxes paid on it to replace this real asset. (And even with that, there's still a finite amount of it in the ground) You can do literally nothing with digital tokens other then trade them, they have no real/actual value, but unlike other assets they do hog up a lot of real world electric and computing power. I would also add gold= money for 5k years Bitcoin= money for what, 10- 15 years? Yeah, no, sounds like a fad to me.

      @phantomcharger568@phantomcharger568Ай бұрын
    • @@phantomcharger568it actually costs a lot of money and computing power to generate Bitcoin, it’s not like you blow a balloon and woala you got Bitcoin, doesn’t work like that.

      @Basic-Reviews@Basic-ReviewsАй бұрын
    • ​@carlosrivera-tc3z but those rocks have actual value tho

      @zakariaelhimer1325@zakariaelhimer132518 минут бұрын
  • Thank you guys for covering all angles and getting along😂 love watching.

    @surecockhomes@surecockhomes26 күн бұрын
  • We need more debates like this, when people on "both sides" challenge each other beliefs we really get a better understanding. Great episode @Tom

    @Jay-xq1dc@Jay-xq1dc21 күн бұрын
  • Mr. Schiff. 30:39 Gold is not the best conductor of electricity, SILVER is the best conductor of electricity; followed by copper then Gold. Gold is # 3. Silver is a strategic Metal used in industry, military weapons solar panels, cell phones, electric vehicles, computers, televisions, mirrors, medical equipment. The mining ratio is 7 to 1 . The purchase ratio is about 85 to 1. Silver is massively undervalued.

    @silverlion5384@silverlion5384Ай бұрын
    • 100% silver stacking dwarves both arguments

      @brendand1937@brendand1937Ай бұрын
    • I don't think this is true. I think Gold is the best conductor. Why would they use gold for PCB components if silver is better and 80x cheaper? Same with cables, like high quality audio cables for example are gold plated, and marketed as gold plated for superior conductivity and less loss of the audio signal. Also, silver cables would tarnish over time, and again I'm not like a scientist so maybe I'm wrong, but it would seem like as the silver tarnishes it would be come worse and worse at conducting, where as gold doesn't tarnish.

      @MannElite@MannElite24 күн бұрын
    • He likes silver as well, though he way over-emphasizes gold.

      @hubblebublumbubwub5215@hubblebublumbubwub521523 күн бұрын
    • Silver demand for solar and EV’s 📈

      @Gold_Silver.@Gold_Silver.23 күн бұрын
    • Gold is pavement in heaven. It's just a mineral, a rock, a metal that's pretty.

      @jeromedenis4754@jeromedenis475420 күн бұрын
  • Thank you for making this debate possible. Hopefully we can get a Peter Schiff vs Michael Saylor debate soon.

    @Lexman00@Lexman002 ай бұрын
    • I've thought about this debate for a while. Would love to see this.

      @brettrevelle8788@brettrevelle87882 ай бұрын
    • You need Peter Schiff to say that Bitcoin is going to zero for 10 more years? What exactly about Schiffs argument changes?

      @-whackd@-whackd2 ай бұрын
    • That would be amazing but I feel that would probably butt heada really badly

      @williamkreth@williamkreth2 ай бұрын
    • Micheal Saylor is too knowledged to waste time on Peter Schiff

      @Jacobcurman@Jacobcurman2 ай бұрын
    • Saylor would OBLITERATE Schiff like nothing

      @iBuyBitcoin@iBuyBitcoin2 ай бұрын
  • I’m glad to see two of the KZhead financial titans going at it. I’ve been listening to both Raul Paul and Schiff on a weekly basis since 2017 and my first bitcoin purchase back in 2014 but was only for the purposes of online poker until 2017. Both are very good. I’m more aligned with Schiff’s views. Elliot Wave is the key.

    @Wavetheory85@Wavetheory8512 күн бұрын
  • I have even more respect for Schiff!!!❤

    @powderpuff6078@powderpuff607817 күн бұрын
  • Tom, I really appreciate how you interject to keep the conversation in line, summarize their statements so it’s understandable and provide support to the discussion.

    @stephaniemosher8611@stephaniemosher86112 ай бұрын
    • “Trying to be understood, not convincing” I’m using that. Wow. That is going to help my relationships so much in all kinds of conversations

      @stephaniemosher8611@stephaniemosher86112 ай бұрын
  • How did no one bring up the fact that GOLD went from $1,750+/- in 2012 down to $1,000+/- in 2015? Gold is also a volatile asset also.

    @dustinbowers8688@dustinbowers86882 ай бұрын
    • It's true, it's just the difference in volatility is vastly different. Gold had a traditional technical correction after a 600% run between 2001 and 2011. Losing less then 50% after a 600% gain is actually really impressive, I mean for a precious metals.

      @anotherperspective5682@anotherperspective5682Ай бұрын
    • nailed it.

      @Re-Loadz@Re-LoadzАй бұрын
    • Central Banks had to beat it down so they could LOAD THE F UP!

      @KingKong-li2lg@KingKong-li2lgАй бұрын
    • What happens to the value of bitcoin if computer people create several other digital currencies with a finite number of units?

      @jobuhayes8767@jobuhayes8767Ай бұрын
    • @@jobuhayes8767Nothing - because BTC is network dependent - as all value structures are

      @smirking8457@smirking8457Ай бұрын
  • Brilliant interview, thank you!!

    @mattanderson6672@mattanderson667228 күн бұрын
  • I completely understand what Peter is saying however I do on bitcoin, and I do think it will retain its value. I also and still enjoy both, but this was one of the best beats. I’ve seen on this topic props to the moderator and props to both Peter and Raul.

    @stevekostner5791@stevekostner579128 күн бұрын
  • OH THIS WAS SO GOOD! Can we get a part two at the end of the year?

    @egeneraltnf@egeneraltnf2 ай бұрын
    • Peter: bitcoin is shit, buy my nft 😂

      @extraclip@extraclip2 ай бұрын
  • ONLY TIME WILL TELL. THIS VIDEO WILL BE WATCHED FOR MANY YEARS TO COME. Well done Tom!!!

    @mrandmrssmithofficial@mrandmrssmithofficialАй бұрын
    • Hindsight is 20/20… Unfortunately we can’t invest in hindsight, so we have to research and make the best decision based on the information available today.

      @Donkor640@Donkor640Ай бұрын
    • ​@Donkor640 I was in bitcoin at $8 when I was a teenager playing video games and some dude told me about it and all I could do with it was buy drugs on silk road. While I kick myself every day for selling way prematurely, instead of realizing how many suckered there would be, I definitely agree with Peter's side. Bitcoin has no more intensic value than fiat currency. It makes no sense. It's like the great Tulip speculation. It's based on "muh technology" and "you boomers wouldn't understand". I was a 20 year old bitcoin (almost) millionaire and today I have gold, silver, guns, ammo, and real estate...Bitcoin never added up, I'm still skeptical that it's some globalist banker psyop tbh. Today it feels like people are reeled into it as a pump n dump dreaming of the massive upside people like me had...well...I think that's over. Any nominal rise in bitcoin will be due to pure speculation and inflation of the underlying fiat currencies used to purchase it.

      @griftinggamer@griftinggamerАй бұрын
    • @@griftinggamer That’s an amazing story to have $8 BTC! I wouldn’t beat yourself up about selling it though, because nobody expected it to be this huge in such a relatively short period. Even Raul has a story of selling off a bunch of his Bitcoin after making huge gains on his early investment. I think the problem people have with taking cryptocurrencies seriously is that it’s human nature to cling to the way we’ve done things in the past. There’s a level of certainty in the status quo, and there’s its uncomfortable to branch out into something new. But once you explore the Crypto space and realize how many innovative projects are being developed, you really get the sense that this space will be a large part of the global economy. I’m convinced that anyone who doesn’t understand that part of the puzzle just hasn’t done any research in this space. I’m almost 50 and the overarching narrative of my lifetime (thus far), is that if you can’t keep up with emerging technologies then you’re going to be stuck in the slow lane doing things the hard way.

      @Donkor640@Donkor640Ай бұрын
  • Tom, you gained a subscriber! Outstanding equalized moderation. You are a smooth operator, Cheers!

    @maycohmfic3127@maycohmfic31274 күн бұрын
  • QUESTION⁉️ What happens if the grid goes down to Crypto or Bitcoin ⁉️

    @Jeannette-ei9xd@Jeannette-ei9xd23 күн бұрын
    • Yes especially when Washington and Congress threaten to cut off Internet of China and Russia. Reason why China banned bitcoin.

      @Gman979@Gman97917 күн бұрын
    • same thing that would happen to your credit cards and ATMs. If the grid goes down, we have bigger problems.

      @krista_b253@krista_b2538 күн бұрын
    • If the grid goes down, whats stopping someone from coming in your house and confiscating all your gold?

      @rasulbogdan6639@rasulbogdan6639Күн бұрын
    • @@rasulbogdan6639 led poisoning!🤣👍

      @Jeannette-ei9xd@Jeannette-ei9xdКүн бұрын
    • ​@@rasulbogdan6639 some bullets lol

      @zakariaelhimer1325@zakariaelhimer132515 минут бұрын
  • When we started with Bitcoin, the premise was to keep it outside of the hands of the bankers. Today, the bankers are in control of it and own a large majority and control the on and exit ramps.

    @sokaiya1@sokaiya118 күн бұрын
  • I watched this debate twice. Great to see experts like Schiff & Pal debate about Bitcoin, the current state of the economy, history & the future. I also appreciated Tom’s moderation, definitely kept the debate on focused, and also appreciated his thoughts.

    @HomeSlize@HomeSlize2 ай бұрын
  • Gosh, you learn more about money management and wealth by listening to Tom, Raoul and Peter than 5 years in the university. We need more of this healthy debates.

    @cryptozeno@cryptozenoАй бұрын
    • Peter was right,gold hit a alltime high

      @DanteSlappedyouwithfacts@DanteSlappedyouwithfactsАй бұрын
    • ​@@DanteSlappedyouwithfacts USD dollar is also in all time high. Tesla , Apple, Google, Nvidia, Microsoft, all in All time High. And Bitcoin is also in all time high and Bitcoin is the fastest horse in the race

      @dongshengdi773@dongshengdi773Ай бұрын
    • @@dongshengdi773The value of the Dollar relative to gold, Bitcoin, real estate, stocks, commodities shrinks over time because there is almost no restraint on inflating the supply.

      @backcountyrpilot@backcountyrpilot25 күн бұрын
  • Could you talk a little bit bit more about the wave four? Loving your videos! Thank you.

    @Blezster@BlezsterАй бұрын
  • This was great! Thanks for the content

    @bryanshepherd2703@bryanshepherd270325 күн бұрын
  • I have listened to both of these guys often, and have learned a lot from both. Great debate. So impressed with your skills, Tom, in keeping this debate engaging. Raoul was very respectful.

    @charleekimball6551@charleekimball65512 ай бұрын
    • more like douchey 🙂

      @AstralProbes@AstralProbes2 ай бұрын
    • I learnt quite a bit listening to both sides, good one.

      @chumamakasi6682@chumamakasi66822 ай бұрын
  • I don't need wealth, I'm happy with good shelter and food to share with family.

    @KreamyKone@KreamyKone2 ай бұрын
  • Fantastic debate. Great Job getting them both together Tom.

    @mrright1068@mrright106816 күн бұрын
  • One of the Peter Schiff vs Bitcoin arguments I’ve watched. At least they actually talked instead of screaming the same arguments over and over .

    @robduke6951@robduke695122 сағат бұрын
  • We have already had tokenized gold, it used to be fiat money

    @nopemerry7410@nopemerry74102 ай бұрын
    • Yep, and it failed

      @nick-oi1xf@nick-oi1xf2 ай бұрын
    • It went from money to currency. Difference.

      @bar8665@bar86652 ай бұрын
    • ​@nick-oi1xf the money didn't fail lol the politicians did.

      @bar8665@bar86652 ай бұрын
    • That's why they took it off the Gold Standard. And then it turned into a fiat currency.

      @Semi_Successful@Semi_Successful2 ай бұрын
    • Government can't be trusted with money. Bitcoin can't be controlled by any government and therefore is the perfect money.

      @bestprice1776@bestprice17762 ай бұрын
  • This was a good discussion and both made their cases. I actually felt enlightened. This is how the world should work and how we learn! Thank you!

    @danieldayton7814@danieldayton78142 ай бұрын
    • Agree!

      @crochetninja5752@crochetninja57522 ай бұрын
    • Peter demonstrates he knows nothing about bitcoin and Raol doesn't know the selling points of it.

      @Fearzero@Fearzero2 ай бұрын
    • Sell it then.

      @chriseden9907@chriseden9907Ай бұрын
  • Extremely enlightening with some Valuetainment throughout the debate/discussions with the forecast Outlooks on the very near future..... Absolutely awesome 👍

    @jaymessandman6301@jaymessandman630111 күн бұрын
  • I pray for this to happen in my lifetime so that I can help my family and friends through it.. my greatest fear is at some point that time will eventually come and by then we won’t have the populous that has the basic skills and knowledge to get through those times.. I’m ready and been preparing for this for 2 decades now.. let’s rip the fn bandaid off now while the people with the solutions to fix it are still here

    @fishrrelaxing9361@fishrrelaxing9361Ай бұрын
  • Great interview , love an honest debate

    @gerikeith287@gerikeith28726 күн бұрын
  • Very professional of Schiff to have an ad on his background..

    @mikezamos@mikezamos2 ай бұрын
    • lol, shows how desperate he is

      @ThinkingCrypto@ThinkingCrypto2 ай бұрын
    • Super desperate as his business is failing and calls everyone crazy morons because they believe in a modern version of Gold that outshines its primitive roots. Hope to never hear Peter's bullshit again.

      @dre44r56@dre44r562 ай бұрын
    • ANNOYING

      @TheTerrypcurtin@TheTerrypcurtin2 ай бұрын
    • ETF of gold vs Bitcoin is not even comparison… Bitcoin will eat gold!

      @whiteglove5723@whiteglove57232 ай бұрын
    • Who cares! Nobody isn’t forcing you to buy anything! Everyone has right to sell and advertise for something!!

      @immigrantsagainstimmigrati2557@immigrantsagainstimmigrati25572 ай бұрын
  • Peter is fighting for his company and the gold industry as a whole. He’s clearly threatened by Bitcoin because it’s a new store of value. It’s the preferred hedge for young people.

    @dwaynesview@dwaynesview2 ай бұрын
    • 100%

      @RandyMarshUSA@RandyMarshUSA2 ай бұрын
    • 21 million x 0 = 0

      @EroticOnion23@EroticOnion232 ай бұрын
    • Yeah that's why he got laughed at on TV for years warning you about the housing collapse, to sell gold🙄 And after that huge transfer of wealth, the elites came up with an even better scam... sell these idiots imaginary nfts and cryptos🤣

      @kwolitek4785@kwolitek47852 ай бұрын
    • None of the central banks are buying Bitcoin. What are they buying?

      @neildeakin4454@neildeakin44542 ай бұрын
    • Thats the point. Who cares about we are moving to a new paradigm of money where we don't need central banks.

      @beaglethecutestdoglula6716@beaglethecutestdoglula67162 ай бұрын
  • First time I've seen ur content amazing interview new subscriber!!!

    @ryanfairchild4546@ryanfairchild454612 күн бұрын
  • Happy to be here 💯. So much learning

    @Godsontechy@Godsontechy24 күн бұрын
  • It's nice that you have speakers with opposing views on simultaneously. I'd like to see more of that. Thanks!

    @rcanada3564@rcanada35642 ай бұрын
  • Two gentlemen debating the way a debate should be. Add to that a moderator who moderated as it should be done.

    @kenrebro2746@kenrebro2746Ай бұрын
    • Not rrally. Peter is explaining his view. The other is just asking manipulatieve questions.

      @crvermeer2808@crvermeer2808Ай бұрын
  • This has been an extraordinary exchange of opinion and points of view. Both very interesting.

    @andyportino5205@andyportino520524 күн бұрын
  • This is truly one of the best discussions I have ever heard on bitcoin (and gold)..

    @marcuscollins7018@marcuscollins701829 күн бұрын
  • Crazy thing, we can buy both!

    @brendonftrades@brendonftrades2 ай бұрын
    • Buy the one that can’t be duplicated…

      @davidzawistowski4073@davidzawistowski40732 ай бұрын
    • What a concept

      @J-Rad-@J-Rad-2 ай бұрын
    • You own gold for the Mad Max apocalypse until there’s no food, otherwise you own bitcoin unless you want to “own nothing and be happy”

      @big_red_machine3547@big_red_machine35472 ай бұрын
    • @@davidzawistowski4073it’s open source code! It’s been 14 years and thousands of cryptocurrencies have been created in that time. If you’re still worried about a duplicate project devaluing Bitcoin then you should do some more research.

      @Donkor640@Donkor640Ай бұрын
  • Peter is demanding BTCs success is measured by it being used as a medium of exchange and unit of account.... when gold isn't used as such either

    @AnonDa@AnonDa2 ай бұрын
    • Facts 💯

      @GloriousReign@GloriousReign2 ай бұрын
    • And that's the issue with currencies today.

      @Semi_Successful@Semi_Successful2 ай бұрын
    • Good point.

      @joshholm1000@joshholm10002 ай бұрын
    • It was used for thousands of years until Nixon took the dollar off the gold standard in 1971.

      @Elmgren76@Elmgren762 ай бұрын
    • Sure put it back onto gold standard. But you still have centralized entities and trust issues then ​@@Elmgren76

      @isaacpound5881@isaacpound58812 ай бұрын
  • For the discussion 1:13min there is a city in Brazil called Rolante which may the city with more merchants already accepting Bitcoin. More then 200 stores where you can already use Bitcoin from your digital wallet. So, how about if other cities adopt the same policy? Is that plausible?

    @leonamambrosio2140@leonamambrosio214015 күн бұрын
  • Fantastic debate! Thank you Peter and Raul and Tom.

    @marshallstephens7356@marshallstephens735615 күн бұрын
  • Tom, very well done for organizing divergent views on important topics. Keep up the good work!

    @crochetninja5752@crochetninja57522 ай бұрын
  • Peter Schiff says, " Bitcoin is 60K, but it was 60K 2 years ago." Gold was $2000 in 2010, 14 years later, it finally broke above it. Did he forget?

    @puretruth6379@puretruth63792 ай бұрын
    • *btc currently 72k

      @pesh909@pesh9092 ай бұрын
    • He probably forgot about his stock market crash predictions for the past 15 years as well haha.

      @American_Kneeler@American_Kneeler2 ай бұрын
    • Did it also go down over 70% in that time?

      @RR-jj1ee@RR-jj1ee2 ай бұрын
    • He’s a moron who doesn’t even understand how and why bitcoin has value. No clue

      @big_red_machine3547@big_red_machine35472 ай бұрын
    • He also said BTC was going to zero when it was 3k 😂

      @gigglesinside@gigglesinside2 ай бұрын
  • Thanks for these insights

    @bartnelder4695@bartnelder4695Ай бұрын
  • So there is some minor use case of bitcoin and its unique so there is some perceived value so play it a little. Dont bet the farm. 10%. And diversify with some gold. 10% to 30%. And some other hard assets.

    @whdndrn@whdndrn17 күн бұрын
  • I can’t believe i almost skipped this. Amazing work here. You actually did get something new from Schiff. Maybe it was just a scratch in the well worn record, but I swear I heard something slightly different and saw moments of actual reflection. RP is always cogent, thoughtful, curious and in dialogue. And he delivered a meta message here about fear and examining our fixation on the past in hopes of mediating future catastrophes when the real power may lie in remaining open to the unknown and riding the tsunami rather than always seeking higher ground. I love how that man is always willing to say - how could I be thinking wrongly about anything… when others are just seeking to be right in a world of complete uncertainty.

    @Wyatt333@Wyatt3332 ай бұрын
  • All great guys. Raoul is a gentleman, doesn't cut people off and wants open discussion for learning. Schiff is in the discussion to win it. Just what I'm noticing. And to be fair, he is super successful obviously so is use to forcing his view to get the success he wants. Just different communication styles. All great people with great input. Thanks to all. I love to see both view points. Both have value.

    @seanarmstrong8497@seanarmstrong84972 ай бұрын
    • How many times did he talk over shiff

      @AndrewClarkePhotography@AndrewClarkePhotography2 ай бұрын
    • I think Paul was insulting but I don’t think he is self aware, and that Raoul & Tom were gracious with him knowing thats his style.

      @annabelquintero1651@annabelquintero16512 ай бұрын
    • Schiff is not super successful. He would be super successful if he wasn't saying Bitcoin is going to zero for the past 10 years. He has literally made the worst investment call in history.

      @-whackd@-whackd2 ай бұрын
    • "Schiff is in the discussion to win it" I don't think he was but he still did, again..

      @neildeakin4454@neildeakin44542 ай бұрын
    • @@neildeakin4454 Ah, I see you missed the point of the comment here.

      @jackcrook4435@jackcrook44352 ай бұрын
  • I agree with Peter 100%. My own way of explaining bitcoin is this: "hoping on bitcoin is hoping on USD$".

    @Ezenwamadu-rr5jd@Ezenwamadu-rr5jd4 күн бұрын
  • get rid of zoning laws which stop a person from building their own house! its a supply and demand thing with the government creating the shortage via restrictive zoning.

    @anndrake492@anndrake49226 күн бұрын
  • Spoiler alert: They're both going to give returns in an inflationary financial system. Great debate. I love Raul and Peter. Both have greatly expanded my understanding of finance, wealth, and currency.

    @johnfajer7691@johnfajer76912 ай бұрын
    • Peter is an effing idiot. There is enough proof for me from his political blabbery that he either doesnt see and doesnt want to see things correctly in the outside world or is just a corrupt shill for someone else’s interests

      @user-ye4ek7gq5c@user-ye4ek7gq5c2 ай бұрын
    • Crazy to see a debate where both agree on the problem but see two dramatically opposed solutions.

      @michaelmarino3144@michaelmarino31442 ай бұрын
    • Bitcoin is a scam. It’s something that can be duplicated in every aspect. The amount of energy pushing bitcoin is the red flag.

      @davidzawistowski4073@davidzawistowski40732 ай бұрын
    • @@davidzawistowski4073explain

      @africaninvestor7032@africaninvestor70322 ай бұрын
    • @@davidzawistowski4073It can't be duplicated in every aspect, sorry but you really didn't understood it.

      @bookofbrah@bookofbrahАй бұрын
  • I love this format, bring on more debates between experts and different points of view. So much info out there gets confusing... This helps a lot! Thanks Tom

    @elsk8man@elsk8man2 ай бұрын
  • And what happens when there's no Bitcoin to mind and what happens to all the miners and the secure network?

    @stuartflaugher8350@stuartflaugher835015 күн бұрын
  • Good to Listen to Opposite points of view.

    @brigitta2891@brigitta289113 күн бұрын
  • Tom, Peter, Raoul are amazing. “How to build wealth”

    @sarahfletcher01@sarahfletcher01Ай бұрын
    • The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

      @sarahfletcher01@sarahfletcher01Ай бұрын
    • I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.

      @sarahfletcher01@sarahfletcher01Ай бұрын
    • researvh the name, if you care.

      @sarahfletcher01@sarahfletcher01Ай бұрын
    • REBECCA MARTIN WATSON

      @sarahfletcher01@sarahfletcher01Ай бұрын
  • “Everything is a meme” killed me 🤣

    @t3r083@t3r0832 ай бұрын
    • Study some ontological philosophy if that one flew over your head

      @Right_in2@Right_in22 ай бұрын
    • He's absolutely right.

      @enginestarter664@enginestarter6642 ай бұрын
    • Timestamp?

      @reggieD100@reggieD1002 ай бұрын
    • Cause its true.

      @nilsrehfeldt8968@nilsrehfeldt89682 ай бұрын
    • @@nilsrehfeldt8968 it’s why I was dying of laughter, sometimes the truth just hits.

      @t3r083@t3r0832 ай бұрын
  • I wish I could like it more than once .. we need more of such discussion .. learned so much .. thanks

    @yogerau3807@yogerau380720 күн бұрын
  • Tokenized gold. I see it on the Stellar network.

    @richardb4787@richardb4787Ай бұрын
  • You can tell a lot about people who listen compared to those who interrupt. Ral is an unreal listener. And genuinely respects others perspectives (why wouldn’t he, everyone is entitled to their reality). Ral has an amazing humility and his incredibly adaptive mindset is why he is such an unreal mentor for those who dare listen, and stay humble. Thanks Ral.

    @mattp_743@mattp_7432 ай бұрын
    • I agree whole-heartedly 😊

      @dapsolita@dapsolita2 ай бұрын
    • he sounds like a sarcastic prick at 1:30:47 to me

      @mdevvvo@mdevvvo2 ай бұрын
    • Because Peter is talking nonsense. He's like the people that said the internet was a fad and had no real use.

      @prouse376@prouse3762 ай бұрын
    • saying you like to invest in companies that pay a dividend and have earning is nonsense? also, that is such a strawman, who was saying the internet was a fad with no use? like 2-3 90 year old senators? that was never a prevailing sentiment @@prouse376

      @mdevvvo@mdevvvo2 ай бұрын
    • saying he likes dividend stocks and companies with earnings is nonsense? Maybe 1-2 90 year old senators said the internet was a fad with no real use. thats a total strawman. that was never the prevailing sentiment @@prouse376

      @mdevvvo@mdevvvo2 ай бұрын
  • Great debate. Do debates like this again

    @francisdewolf2849@francisdewolf28492 ай бұрын
  • The only question in the Bitcoin vs Gold debate is can Bitcoin drop below $999 in an extended 2 year recession? I like both asset, but I worry about Bitcoin in an extended recession

    @kinglewy5772@kinglewy577226 күн бұрын
  • Great video, great format. Love having two well known figures with opposite views have a say.

    @zionen01@zionen0124 күн бұрын
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