* Dow down 600 points in between Tuesday high and Wednesday low
* Stock market and real estate are pillars of the phony recovery
* Loose government lending standards encouraging mortgage defaults
* Dollar down and gold up on low retail sales numbers
* Fed not likely to sit out a U.S. recession, trading support for Wall Street over the dollar
* The next QE could be bearish for bonds and the dollar
* Demise of the recovery illusion will also hurt stocks
* Bitcoins down on more bad news
* Price does matter as investors seek value
* Irredeemable digital currencies will never be moneyOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
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Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast. The podcast focuses on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets. As entertaining as he is informative, Peter packs decades of brilliant insight into every news item. Join the thousands of fans who have benefited from Peter's commitment to getting the real story out to the world.