Peter Schiff - Digital Age Tulip Mania Is Here Seeking Fools to Buy 'Greater Fool' Assets
Peter Schiff - Digital Age Tulip Mania Is Here Seeking Fools to Buy 'Greater Fool' Assets
Returning SBTV guest Peter Schiff, CEO of Euro Pacific Capital, warns that we are once again witnessing a digital age tulip mania in 'greater fool' assets such as bitcoin, cryptocurrencies, and non-fungible tokens(NFT). Peter believes gold and silver are the best assets for wealth protection despite them being undervalued and under-owned.
Peter Schiff's Euro Pacific Capital: https://www.europac.com
Discussed in this interview:
00:00 Introduction
01:26 Markets not taking inflation specter serious enough
06:18 Consumption economy is a bubble economy
10:04 The dollar has to crash for economic reset
13:30 Student loan debt forgiveness a moral hazard
16:33 Darkest days are ahead, not behind
20:25 It's tulip mania again but in the digital age
24:32 Economic power shifts from west to east
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