Vincent Tie

Posted by Vincent Tie on 18 Mar 2021

Peter Schiff - Digital Age Tulip Mania Is Here Seeking Fools to Buy 'Greater Fool' Assets

Returning SBTV's 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.

Discussed in this interview:
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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