Why $4,000 Gold Means America’s Economy Is Doomed - Peter Schiff Video

In this 28 October 2025 published Impact Theory video, host Tom Bilyeu sits down with renowned economist and gold advocate Peter Schiff for an explosive deep dive into the warning signs flashing across today’s economic landscape. With gold and silver hitting all-time highs, Peter argues these price surges are more than just numbers—they’re the economic canaries in the coal mine, signaling a looming collapse of the US dollar and a seismic shift in the global financial order.
In this wide-ranging conversation, Peter unpacks the history behind America’s monetary policy, explains how excessive debt and reckless government spending have put the nation on an unsustainable path, and predicts the end of the dollar’s reign as the world’s reserve currency. Tom drills into the mechanisms and effects of inflation, outsourcing, and regulatory changes, bringing Peter’s complex ideas down to earth for listeners eager to understand what’s really happening beneath the headlines.
From the pitfalls of offshoring and the real reasons wages have stagnated, to the potential fallout of massive government intervention—plus a spirited debate on gold versus Bitcoin, the risks of populism, and the relentless march of the Chinese economy—this episode is packed with insight and straight talk you won’t hear anywhere else. Whether you’re worried about your savings, curious about global macro trends, or just want to know how to prepare for economic turmoil, Peter holds nothing back and Tom keeps the questions coming. Get ready to rethink what you thought you knew about money, markets, and America’s place in the world.
https://youtu.be/VvwZ1MDw3qk
00:00 Intro
10:18 Bretton Woods and Dollar Gold
26:20 Rising Debt, Declining Prosperity
34:34 Unpopular Solutions to Economic Woes
51:12 Gold Over Bonds: A Shift
52:24 Debt Crisis Sparks Internal Collapse
01:11:40 Trump’s Views on Debt & Housing
01:17:08 Capitalism, Socialism, and Changing Faith
01:31:30 Qualified Voting for Better Governance
01:36:24 Critique of Democracy and Wage Laws
01:48:00 US Future: Government or Freedom?
01:59:32 Protect Savings: Gold, Silver Advice
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Gold is all but useless when people are fighting over a scrap of food. Look and see that all farming is being shut down before your very eyes. Assholes like gates are buying up massive amounts of farm land and sitting on them. BlackRock Vanguard and the rest are doing the same. Look at the prices you now pay for food. You argue over bullshit when they are literally months away from pulling the rug out from underneath your feet. Wake the fuck up. Or learn to eat grass.