Peter Schiff Warns: Banks Will Confiscate Your Money During This Crisis – Stay Prepared

by | Jun 13, 2023 | Invest During Inflation | 15 comments

Peter Schiff Warns: Banks Will Confiscate Your Money During This Crisis – Stay Prepared




Want To Protect Your Wealth? Attend Our FREE Gold & Silver Web Conference:
🗓️ If you’re worried about the recent economic struggles, our Harvard-trained economic analysts can help you develop customized strategies to protect your assets.
WARNING: Don’t Fall For Gold And Silver Dealer LIES:

🆓 GET A FREE GUIDE ON HOW TO BUY GOLD AND SILVER

Take the first step towards financial security by downloading our free guide on how to buy gold and silver. It’s a comprehensive resource that will help you understand the benefits of precious metal investments and how to get started.

Download Now:

🗓️ SCHEDULE YOUR FREE STRATEGY SESSION/WEB CONFERENCE TODAY

Don’t wait any longer to secure your financial future. Schedule your free strategy session with Augusta Precious Metals today by clicking the link –

Have some friends that you think might be interested in diversifying their portfolio with Gold or Silver IRAs aswell?

Apply & Refer Friends To Get 10% Lifetime Commissions –

For example, you’ll get a $50,000 commission on a $500,000 portfolio IRA Rollover and 10% on all future purchases (even on trades that their friends and family make!).
—-
Share this video with a friend if you found it useful! Consider subscribing to the channel for videos about investing, business, retirement planning, gold IRAs, precious metals, best retirement plans, managing money, building wealth, passive income, and other finance-related content!

🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. For any concerns, business inquiries, etc. please contact us via email in the “About” section of the channel.

See also  Is it time to purchase GOLD due to the high inflation?

👉 FINANCIAL DISCLAIMER
This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action.

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.

-This video has no negative impact on the original works (It would actually be positive for them)
-This video is also for teaching and inspirational purposes.
-We’ve only used bits and pieces of videos to get the point across where necessary….(read more)


LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing


In a recent interview, Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, warned that banks would seize all your money in this crisis if you’re not prepared. Schiff, who accurately predicted the 2008 financial crisis and has long been a critic of the Federal Reserve’s monetary policy, is warning people to take their money out of the banks and invest in gold or other precious metals.

Schiff points out that banks are not as safe as people think they are. Banks are highly leveraged, meaning they loan out more money than they have on hand. In other words, they are borrowing money from their depositors to loan it out to others. This creates liquidity risk. If a bank suddenly loses a lot of its depositors’ money, it could become insolvent and have to close its doors.

See also  PDF Guide: Investing in a Gold IRA

In the event of a financial crisis, banks are legally allowed to take their depositors’ money to cover their losses. This is called a bail-in. Rather than bailing the bank out, the government and the bank’s shareholders allow the bank to take money directly from their depositors to stay afloat. This means that if a bank fails, your money in that bank could be taken by the bank to cover its losses.

This has already happened in other countries. In 2013, the government of Cyprus seized deposits over €100,000 to bail out the country’s struggling banks. In 2015, the government of Greece took over €1 billion from its citizens to bail out its banks.

Schiff argues that the only way to protect your money in this crisis is to take it out of the banks and invest in gold or other precious metals. According to Schiff, gold is a safe haven asset that has been used as a store of value for thousands of years. In times of crisis, when other assets are losing value, gold tends to go up in price.

While taking money out of the banks might seem extreme, Schiff argues that it’s better to be safe than sorry. He advises people to keep some money in cash, some in gold, and invest in other assets like real estate and stocks that have a strong track record of retaining value over time.

In conclusion, Schiff’s warning is a sobering reminder of the risks of keeping all your money in the bank. It’s important to be prepared for the worst-case scenario and take steps to protect your wealth. By moving some of your money into safe haven assets like gold and investing in other value-retaining assets, you can weather the storm and come out on top.

See also  Don't Miss Out: Silver & Gold Prices Set to Skyrocket with This Event - Gerald Celente
Truth about Gold
You May Also Like

15 Comments

  1. Rod Helms

    Revalue gold and silver and pay the debt ok gold a million a oz and silve 500k a oz and did the creditors push the vaccine put them in jail take everything they have

  2. Kenneth Slough

    Bitcoin is the devil's currency, so if you have put ur assets in bitcoins u have been found duped and corrupted, sorry to have to stand up and tell you that you have been screwed by the Leftists liberals lies party machine and the crooks who have been found responsible and allowed to operate in the same government agencies and country and stock

  3. alice coppers

    People say you cant eat gold, but you cant eat cash/ debt cards either.

  4. WoJack Horseman

    Get rid of social security? What a scumbag

  5. wnc817

    Currency bonds are a banker scam. Sovereign nations can issue money without debt.

  6. Eric Klein

    Invest in brass

  7. Knife Collector

    In the Weimar Republic (post WW1), a loaf of bread was 1 mark before inflation, at the end, it was 80 billion Marks. People were buying anything they could, even hairpins to try and retain their wealth.
    And we all know about Zimbabwe. 100 trillion dollar notes.

  8. Big Lebowski

    Let me no when to hide in my safe room.

  9. Herb Hoover

    The Rich get Richer !

  10. Danny Gonzales

    DONT BE FOOLED WHAT IS THE DEBT !!! ITS THE STANDING ARMY !!!!! REMEMBER THE PENTAGON WAS AUDIT AND CRICKETS !!!!!!!!!!

  11. generic_white_male

    Did you know that raising taxes also lowers inflation? Of course raising taxes is crazy talk.

  12. JustDItY

    Gold is the most manipulated market on the planet :/

  13. Ian McGarrigle

    The clue that SHTF is imminent will be when non US citizens working in the USA get a plane home and take their assets with them.

  14. stefan colwell

    Of course they will, anything to save themselves

  15. h30202

    They can't borrow from China to go to war with China. Sure go to war.

U.S. National Debt

The current U.S. national debt:
$35,866,603,223,541

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size