# @peterschiff on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/CzeRdsiuVjq
- **Gondola URL:** https://gondola.cc/posts/9837825-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/0f158555e0.jpg
- **Posted:** 2023-11-10T16:57:43.000+00:00

## Caption

Economic reality check! The doom and gloom is even worse than the headlines suggest. Digging beneath the surface, those 99,000 private sector jobs are mostly part-time, low-paying gigs, often for folks already juggling multiple jobs. Lost 35,000 manufacturing jobs, and talk of a revival? It’s just hot air. We’re replacing valuable roles with more IRS agents, adding 51,000 government employees who don’t produce anything but red tape.

Housing market woes? Brace yourself. High-interest rates make affordability a distant dream. Another bubble pop on the horizon? Absolutely! Banks are in trouble as the collateral for loans (housing prices) drops. Unlike 2008, now even the mortgages being paid are problematic. Banks losing money with low returns and high costs.

Commercial real estate is a disaster. WeWork’s bankruptcy adds more empty office space to an oversupplied market. Prices slashed, banks facing colossal losses. How to navigate this storm? Recognize the inflation tax is rising. Ditch US dollars, banks, and bonds. Invest in gold, silver, and real assets. At Euro Pacific Asset Management, we guide clients to foreign stocks that generate income, maintaining real value and preserving purchasing power. Stay afloat or one step ahead of inflation!

This clip is from Real America with Dan Ball on OAN, recorded November 9, 2023.

#housing #market #realestate #cre #wework #jobs #american #economy #usd #bonds #unitedstates #dollar #fed #gold #silver #real #assets #foreign #stocks #income

## Stats

- **Views:** 3,726
- **Likes:** 455
- **Shares:** 0
- **Comments:** 8

## Tags

economy, stocks, realestate, unitedstates, wework, cre, dollar, american, usd, silver, market, jobs, housing, income, fed, real, gold, foreign, bonds, assets

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