🔴 Fed Gov’t Argues for Unlimited Taxing Power Before the Supreme Court – Ep 935

I have both gold and crypto, both are better than any fiat currency including the US dollar. Both, however, are subject to government intervention. Right now, both are treated as commodities by the government rather than currency so they are subject to capital gains inflation tax.

I think crypto is better than gold in some respects: It is digital so it can move freely around the world, gold cannot. Bitcoin is limited in supply, gold is not and is subject to mining technology improvements. Bitcoin is easy to store, gold is not. Crypto is easy to verify, gold can be faked by purity or by being mixed with other metals as it was when it was actually used for money.

Gold has an advantage in its simplicity and is easy to understand. Gold cannot be lost by loosing a key as crypto can (causing deflation). Gold can be totally hidden under a rock somewhere, where crypto is a matter of public record and can be traced to some degree (except Monero etc.). Gold is less volatile at this point but may not be if crypto becomes more widely used. Gold is not dependent on the public internet and physical gold is not subject to hacking.

Washington DC never has a recession. DC is like a Mafia Don who extorts protection money from its citizens. Financially strapped citizens have to still pay their taxes otherwise assets get taken.

I agree about btc i think it will get manipulated down in price with these ETFs

Love hearing about your bank. And the attempts of the government to tax unrealized gains. It's getting a bit dangerous out there for anyone that saved for retirement or future purchases.

Crazy if the SCOTUS finds in favor of the Govt. That would make becoming an expat (like Peter) highly desirable.

In all probability we will be in a 2008 repeat by mid 2024.

If you do not submit to the power of Big Brother, in the words of Senator Chuck Schumer "The intelligence community has six ways from Sunday to get back at you." You must be very wealthy in order to be able to withstand the attacks. Peter Schiff being a critic of the corrupt government is on their hit list for sure. And we now have a full fledged Banana Republic with the Deep State in control.

The governments are a monster which is out of control. Peter I have been watching and following your genuine analysis. Keep on fighting the out of control scamsters.

Thank you Peter for shedding light on this important case that I had no clue about. You’re a true Patriot and you’re right when you say in your next podcast that this could be the plan with high inflation for the government to collect massive amounts of tax revenue on unrealized capital gains! Never would I have thought it would come to this. I feel the best days living in America are behind us.

Peter Schiff taught me more about the economy in 3 years than Mr. Buffett and Mr. Munger ever could.

With this talk about unrealized income, will we be able to account for unrealized losses on our tax returns?

Here's an example of how of uncontrolled taxation (if Plantiff loses) will burn the Left. Abortion could be characterized as taxpayer Freeloading and an opportunity for "recovering lost tax revenue". Using the government's logic we would have an Abortion Tax because choosing abortion is tax-evasion in that it passes the costs of raising future taxpayers who fund government programs, public facilities, and societal needs to parents. Abortion is taxpayer Freeloading! Of course, their should be no abortion at all and so no tax.

Gold is a dumb rock in a dark basement, gold has been demonetized, it's slow, stupid, and inefficient.

Need to have a movie made about this and the J5

The Supreme Court will definitely rule against the people. The case is a trojan horse. It's part of the great taking.

“You don't need a formal conspiracy when interests converge. These people went to the same universities and fraternities, They're on the same Boards of directors, they're in the same country clubs, they have like interests. They don't need to call a meeting, they know what's good for them and they're getting it.” -George Carlin

You have lost the fight Mr. Schiff . Give up and accept that you were wrong. Everything else other than your recommendation is going up. Gold struggling to hold 2000 and gold miners are worst performing ETF's. No bank failures, no job losses, USD not tanking, crude heading all time lows, Even bitcoin speeding ahead. Dow at all time highs, and here we are holding gold miners for last 3 years seeing portfolio in red. Fed has put big mask on your forecast.

Been going back and listening to a lot of your older podcasts and wow how you have been wrong.
Inflation gold does nothing.
The Fed can’t raise interest rates yet here we are. Predict rain long enough.

you are right to talk about what happened to your bank. What they did to you is atrocious. People need to know. I support you 200% Peter.

In Schiff We Trust! Happy Hannuka dude, Keep up the GREAT work! 🥇😉

Bearish false breakout for precious metals. But there won't be a Schiff podcast about that….only a biased bullish spin. Decades of pain and false hope for anyone following Schiff's sad investment strategy that never makes any $ (and that includes me).

Peter just seething lol