Tom Bilyeu interviews Peter Schiff on Impact Theory, diving into Schiff's economic predictions, particularly regarding the US debt, the potential implosion of Bitcoin, and the rise of socialist policies. They debate the value of Bitcoin versus gold as a store of value, with Schiff expressing skepticism about Bitcoin's long-term viability. Schiff argues that the US is heading towards a sovereign debt crisis and criticizes government intervention in the economy, advocating for a return to free market principles. He also shares his controversial views on democracy, corporate greed, and the economic challenges posed by China, offering advice on how individuals can protect themselves financially.
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