Heresy Financial and Peter Schiff Tuesday 4-11-2023
What Happens to Your Debt when the Dollar Dies
Heresy Financial: 4-11-2023
What will happen to your debt when the dollar finally meets its inevitable end?
Because debt is a legal contract that is denominated in a very specific number of dollars.
So how is everything handled when those dollars are no longer being used? Once another currency has taken its place?
Timecodes
0:00 Introduction
1:18 Types of Debt
1:43 Credit Card Debt
6:20 Auto Loans
8:11 Increase in Wages
12:20 Fixed Rate Debt
16:52 What Happens if the Currency Fails?
Peter Schiff: Great ‘Depression’ Worse Than 1930s Coming This Year
David Lin: 4-10-2023
It's not a recession we're entering, it's a "depression" says Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management.
0:00 - Intro
1:18 - Real estate crash
3:30 - Financial crisis
7:27 - Job market
11:07 - Hyperinflation
21:00 - Technology and inflation
26:33 - Cost of living
28:00 - Fixed income
31:30 - Zombie companies
33:00 - Non-U.S. stocks
34:00 - CBDC
41:06 - Gold
43:40 - Peter Schiff