The Peter Schiff Show Podcast
Peter Schiff
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.
Powell Shrugs off Evidence of Rising Inflation - Ep 1018
Peter Schiff discusses the Fed's unchanged interest rates, rising inflation, gold prices signaling monetary issues, and promotes gold and silver investments.Sign up for a $1/month trial period at https://shopify.com/goldPeter Schiff discusses the recent FOMC announcement on interest rates remaining unchanged and critiques the Fed's dovish stance amid rising inflation. Schiff highlights the Fed's plan to slow quantitative tightening, rising gold prices as a warning of loose monetary p
Mar 20, • 56:40
Instead of Treasuries, Investors Are Buying Foreign Stocks - Ep 1017
Peter Schiff discusses market rallies, gold-silver divergence, investment strategies, inflation impacts, consumer sentiment, and criticizes U.S. monetary policies and government interventions.Head to https://lumen.me/gold for 20% off your purchase.In this episode of The Peter Schiff Show, Peter discusses the recent stock market rally and the historic rise in gold prices, highlighting the significant divergence between gold and silver performance. He advises investors to focus on precious metals,
Mar 17, • 1:04:35
The Fed Can’t Save the Market or the Economy - Ep 1016
Peter discusses market drops, tariffs, AI and crypto trends, and recommends considering gold stocks and foreign markets over U.S. due to changing economic conditions.Go to https://get.stash.com/gold to see how you can receive $25 towards your first stock purchase and to view important disclosures.In this episode of The Peter Schiff Show, Peter discusses his perspective on recent market volatility, the implications of tariff changes announced by Trump, and the ongoing shifts in key financial asse
Mar 12, • 58:04
US Stocks and Dollar Tank. What’s Next? - Ep 1015
Peter Schiff discusses market drops, tariff impacts, Trump's Bitcoin reserve, and advocates for foreign stocks and gold investments.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldStart your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, Peter analyzes a turbulent week in financial markets, highlighting significant declines across major US indices such as the Dow, Nasdaq, and Russell 2000. He discusses the impact of w
Mar 8, • 1:01:12
Trump’s Crypto Pump - Ep 1014
Peter Schiff exposes crypto market manipulations by Trump's team, critiques Social Security as a Ponzi scheme, and analyzes recent concerning economic data. #trump #bitcoin #cryptoSponsor Promotions- Stash: Go to https://get.stash.com/gold to see how you can receive $25 towards your first stock purchase and to view important disclosures.- Shopify: Sign up for a $1/month trial at https://shopify.com/goldEpisode OverviewIn this episode of The Peter Schiff Show, Peter dives into the recent surg
Mar 3, • 1:03:16
The Trump Crypto Bubble Already Burst - Ep 1013
Peter Schiff covers market trends, inflation fears, Trump’s tariffs, crypto decline, and promotes his wife's music on Spotify.My wife's songs. https://open.spotify.com/artist/2f3z6IPGfomCl9FsJeyb8dPublic Rec - Upgrade your wardrobe instantly and save 20% off with the code GOLD at https://publicrec.com/peterSelectQuote - Get the RIGHT life insurance for YOU, for LESS, at https://selectquote.com/schiffPeter Schiff discusses the impact of stagflation on the US economy, significant market ch
Feb 26, • 56:10
Markets Tank as Stagflation Rears its Head - Ep 1012
Markets dropped sharply; Dow down 750 pts, S&P 1.7%, Nasdaq 2.2%. Rise in stagflation feared, weak economic data, high inflation. Gold stocks hit, despite gold's gains. Japanese inflation surge discussed. Remembering Irwin Schiff.Get 25% off your subscription or try the app FREE for seven days at https://fitbod.me/gold.LinkedIn.com/SCHIFF to post your job for free. Terms and conditions applyPeter provides a comprehensive analysis of the recent downturn in the U.S. stock markets, with not
Feb 24, • 1:03:22
You Can't Have Government Programs Without Waste, Fraud, and Abuse - Ep 1011
Analysis of government efforts to eliminate wasteful spending and reduce national debt, examining past reforms, challenges, and future expectations. #Trump #Musk #DOGE📣 Shopify #ad - Sign up for a $1/month trial period at https://shopify.com/gold📣 #ad Mando: Control Body Odor ANYWHERE with Mando and get $5 off your Starter Pack (that’s over 40% off) with promo GOLD at https://shopmando.comIn this episode, Peter Schiff discusses the Department of Government Efficiency (DOGE), comparing it to Ro
Feb 20, • 58:13
Honor Washington's Birthday, the Father of Our Republic - Ep 1010
Peter Schiff critiques 'Presidents' Day,' markets, inflation, economic data, gold, silver, and government's fiscal mismanagement.Put together your best look yet at https://indochino.com. Use code GOLD for 20% off orders of $499 or more.Peter Schiff opens the episode by discussing the misnomer of 'President's Day' and advocating for the correct recognition of Washington's Birthday. He explains the holiday's legal history and criticizes the commercialization of
Feb 17, • 50:23
Powell Fiddles While Inflation Burns - 1009
Gold reaches record highs, silver follows. Market reactions, inflation concerns, Fed's policies, and economic predictions.To get $100 towards your first bed purchase, go to https://thuma.co/goldPeter Schiff discusses the adverse day for inflation and the Federal Reserve but an excellent day for gold and gold stocks. Schiff critiques the Fed's premature halting of rate hikes, emphasizing how the latest CPI report exceeded expectations and its implications on future trends. He highlights t
Feb 13, • 56:57
Stagflation: The Fed's Worst Nightmare Is Coming True - Ep 1008
Gold reaches record highs amid market reactions, stalled tariffs, inflation concerns, Fed policies, and economic outlook.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldPeter Schiff dives deep into the latest economic trends and market dynamics. He covers the surge in gold prices, reaching new record highs, and revisits the recently averted trade war involving U.S. tariffs on Mexico, Canada, and China. He criticizes the portrayal of tariffs as a tax on foreign cou
Feb 8, • 57:05
Tariffs Harm Most the Nations That Impose Them - Ep 1007
Trump imposes tariffs on Mexico, Canada, and China. Market turmoil, stock drops, rising dollar, higher consumer prices, and economic impacts.Upgrade your wardrobe instantly and save 20% off with the code Peter at https://www.publicrec.com/Control Body Odor ANYWHERE with Mando and get $5 off your Starter Pack (that’s over 40% off) with promo GOLD at https://shopmando.comIn this episode, Peter Schiff breaks down the significant impact of Donald Trump's tariffs on the global markets and America
Feb 3, • 59:52
Fed Ignores Data It Claims to Depend On - Ep 1006
Fed pauses rate cuts; market reactions, language tweaks on inflation, Trump's demand for rate cut, and crypto discussion.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldPeter Schiff discusses the Federal Reserve's decision to pause rate cuts and its implications for the economy. He scrutinizes changes in the Fed's language on inflation and the market's reactions. Peter questions Fed Chairman Jerome Powell's comments and the Fed's accountabi
Jan 30, • 52:33
The Consensus Trades Are About to Unravel - Ep 1005
U.S. markets rise amid AI investments. Dollar drops, gold hits highs. Trump critiques, $500B AI boost, Japan's inflation, Fed's rate policies.📣 SelectQuote: Get the right life insurance for you, for less, at https://selectquote.com/schiff.📣 Fitbod: Get 25% off your subscription or try the app FREE for seven days at https://fitbod.me/gold.Peter Schiff examines the first trading week under President Trump's second term, noting market performance, a joint venture announcement in the t
Jan 25, • 59:53
Will Trump Be a Meme President? - Ep 1004
Trump's return to office, Biden's preemptive pardons, Trump and Melania meme coins controversy, tech industry investment, drug policy critique, and economic analysis.Sign up for a $1/month trial period at https://shopify.com/goldStart your free online visit today at https://hims.com/goldPeter Schiff provides an in-depth analysis of Donald Trump's return to the Oval Office as the 47th President of the United States. He critiques former President Joe Biden's recent preemptive pardo
Jan 22, • 55:32
Wall Street Celebrates Low Inflation as Prices Soar - Ep 1003
** Audio Fixed at 10:00 ** Biden’s farewell, Trump’s policies, market rally, inflation, commodity prices, and economic predictions.Get an extra 4 months free. https://expressvpn.com/goldGet 25% off your subscription or try the app FREE for seven days at https://fitbod.me/goldPeter Schiff returns to his studio in Puerto Rico to cover a range of topics in this podcast. He reacts to Joe Biden's farewell address, discussing the ceasefire between Israel and Hamas and Biden's tenure. Schiff cr
Jan 16, • 58:46
Soaring Commodity Prices Refute Inflation Forecasts - Ep 1002
Discussing Trump's proposal to annex Canada, trade deficits, Biden's inflation handling, higher commodity prices, and challenges with U.S. economic policies.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldIn this episode, Peter Schiff addresses the series of statements by Donald Trump regarding potential U.S. annexation of Canada and critiques the adverse impacts of Trump's and Biden's economic policies. Schiff delves into the U.S. trade deficit wi
Jan 8, • 45:32
Will 2025 Be the Year the Bubbles Finally Burst? - Ep 1001
Stock markets, gold's stability, inflation, and economic predictions.Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Sign up for a $1/month trial period at https://shopify.com/goldIn his latest podcast episode, Peter Schiff discusses significant movements within the economy, reacting to recent news in the market and politics. He begins by reflecting on his previous milestone podcast and wishes
Dec 28, 2024 • 53:33
The Great Rate Cut Rug Pull - Ep 1000
Jerome Powell's rate cut, market drops, economic risks, inflation, and the future of the economy.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldFor 20% off your Momentous order, head to https://livemomentous.com and use code GOLD.Laughing Cats https://open.spotify.com/artist/2f3z6IPGfomCl9FsJeyb8dIn this milestone 1000th episode of the Peter Schiff Show Podcast, Peter broadcasts from an unconventional setup due to technical issues, as he covers a dramatic day
Dec 19, 2024 • 59:08
Exploding Debt to Reignite Inflation - Ep 999
Peter Schiff discusses rising inflation, U.S. fiscal deficit, and accuses J5 of conspiring against his bank for a publicity stunt.Go to https://lucy.co/gold and use promo code GOLD to get 20% off your first orderPeter Schiff dives deep into the latest economic news, uncovering alarming inflation reports, the soaring U.S. budget deficit, and misguided fiscal responses. He critically analyzes political and media narratives about the U.S. economy, especially those surrounding recent elections and e
Dec 14, 2024 • 1:01:02
Misplaced Outrage: The Truth About Health Insurance Companies - Ep 998
Gold reaches record highs, silver follows. Market reactions, inflation concerns, Fed's policies, Bitcoin scrutiny, and Trump's political stance.Mint Mobile: Cut your wireless bill to $15/month at mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Nutrafol: Get $10 off your first month’s subscription + free shipping at https://nutrafol.com when you use promo code GOLDPeter Schiff discusses the significant rise in gold prices, noting that go
Dec 11, 2024 • 59:18
Bitcoin Tops $100K on Expected Government Bailout - Ep 997
Discusses market's record highs, job report boosts, consumer sentiment post-Trump election, Bitcoin surge, and upcoming economic challenges.- Get 15% off OneSkin with the code GOLD at https://oneskin.co- Go to https://legalzoom.com and use promo code SCHIFF to get 10% off.Peter Schiff discusses the new record highs in the S&P 500 and NASDAQ, the slight downturn in the Dow, and the significant jump in consumer sentiment post-election. Schiff emphasizes the discrepancy between consumer opt
Dec 6, 2024 • 56:39
Powell Knows the Public Can’t Handle the Truth - Ep 996
Discussion on US comments, import/export dynamics, reserve currency, major exports, economic data trends, and constitutional aspects of the exit tax.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldSign up for a $1/month trial period at https://shopify.com/gold😹 🎶 New music video 'Jerk' by Laughing Cats: https://www.youtube.com/watch?v=iLpkHV5JvEAPeter Schiff addresses comments from his previous podcast about America's imports and elaborates on the na
Dec 5, 2024 • 1:02:16
Bye-Bye, What Americans Buy - Ep 995
Peter Schiff discusses Black Friday's origin, American consumerism, the nation's heavy reliance on imports, and Trump's economic policies.This episode is sponsored by:OneSkin: Get 15% off OneSkin with the code GOLD at https://oneskin.coLucy: Go to https://lucy.co/gold and use promo code GOLD to get 20% off your first orderPeter Schiff discusses the concept of Black Friday and its origins, contrasting it with current perceptions of economic strength. He delves into the United States&#
Dec 2, 2024 • 57:54
Tariffs: Not the Turkey We Want This Thanksgiving - Ep 994
Peter Schiff discusses Thanksgiving's capitalist roots, the Pilgrims' failed socialism, tariffs' economic impact, and recent market trends.Cut your wireless bill to $15/month at http://mintmobile.com/gold.Visit http://indeed.com/peter to start hiring now.Peter Schiff's Thanksgiving special podcast from St. Barths offers a compelling narrative on the history and lessons of Thanksgiving, celebrating capitalism over socialism. Drawing parallels between the early Pilgrims' failed
Nov 27, 2024 • 55:46
Data Revisions Confirming What Voters Already Knew - Ep 993
Go to https://Lucy.co/GOLD and use promo code gold get 20 percent off your first order. Go to https://LegalZoom.com and use promo code SCHIFF to get 10% off. LegalZoom is not a law firm and does not provide legal advice, except where authorized through its subsidiary law firm LZ Legal Services, LLC.https://www.youtube.com/watch?v=ne__pTRAenc&t=42s🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Sch
Nov 24, 2024 • 53:05
Bitcoin: The Biggest Bubble of Them All - Ep 992
Bitcoin hits new highs; MicroStrategy's risky Bitcoin investments; Trump's impact; misallocation in crypto; China's strategic investments; UK labor rights.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldGet $10 off your first month’s subscription + free shipping at https://nutrafol.com when you use promo code GOLDPeter Schiff critiques the hype surrounding Bitcoin and MicroStrategy's investment strategies, attributing Bitcoin's recent gains to
Nov 20, 2024 • 55:15
The Road to Inflation Is Paved With Debt - Ep 991
Analyzing bond yields, Fed policies, national debt impacts, and contrasting Bitcoin's speculative rise against gold's decline post-Trump win.📣 Sign up for a $1/month trial period at https://shopify.com/gold📣 ExpressVPN: Get an extra 3 months free. https://expressvpn.com/goldIn this episode, Peter Schiff explores the current market trends led by the bond market and their broader impacts. He discusses the recent high yields on U.S. Treasuries, Fed rate cuts, and inflation adjustments. Sc
Nov 16, 2024 • 52:58
Powell Admits Fed Has No Plan For Stagflation - Ep 990
Markets soar on Trump's return, skepticism persists. Budget deficits, trade issues, and economic challenges under scrutiny.For 20% off your Momentous order, head to https://livemomentous.com and use code GOLD.Peter Schiff dissects the economic landscape post Donald Trump's re-election, contrasting the current market euphoria with his skepticism. He discusses the stock market's all-time highs, driven by nominal gains, and expresses doubt about a sustainable 'Trump Boom' given
Nov 8, 2024 • 52:10
Trump Won. Now What? - Ep 989
Trump wins 2024, repeating 2016 win. Markets react with highs, despite unchanged economy woes. Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldPeter Schiff offers an in-depth analysis of Donald Trump's historic second term win, comparing it to Grover Cleveland's non-consecutive terms. Schiff critiques Trump's economic promises, tax cuts, and deregulation efforts, arguing they complicate existing fiscal problems rather than providing solutions. He highl
Nov 7, 2024 • 1:00:41
Data of the Dead - Ep 988
Peter Schiff analyzes recent economic data, jobs report, GDP numbers, inflation concerns, and criticizes government policies. He discusses impacts on markets, gold, and cryptocurrency.Support our sponsors:Get 15% off OneSkin with the code GOLD at https://www.oneskin.coGet $20 credit by being one of the first 500 traders. https://kalshi.com/goldNew song "Jerk" by Laughing Cats: https://open.spotify.com/album/6lCPwgHxmdSoPffsPofkXa🟨 Sign up for Peter's most valuable insights at https:
Nov 1, 2024 • 53:41
U.S. Consumers More Reliant Than Ever on Foreign Producers - Ep 987
Kamala Harris' election odds, Trump's market impact, economic data, job reports, consumer confidence, and record-high gold.Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Market Predictions, Election Insights, and Economic Realities Peter Schiff addresses the economic landscape, election dynamics, and market predictions. He critiques Kamala Harris's low betting odds, Trump's rise in
Oct 30, 2024 • 53:06
Dismantling the Dollar Brick by Brick - Ep 986
Gold Market Insights, Dollar Debate, and Trump's Tax ProposalsGet $10 off your first month’s subscription + free shipping at https://nutrafol.com when you use promo code GOLDRegister for the New Orleans Investment Conference: https://neworleansconference.com/schiff/Peter Schiff brings an in-depth analysis of recent market volatility, focusing on the enduring yet controversial performance of gold amidst economic uncertainty. He dissects Newmont Mining's significant stock drop despite stro
Oct 25, 2024 • 55:07
Gold and Silver Are Poised to Melt Up - Ep 985
Gold rises, Fed policies, inflation, QE, Trump, Bitcoin, BRICS, debt.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldSign up for a $1/month trial period at https://shopify.com/goldPeter Schiff delves into recent economic developments and market trends, returning from the Orlando Money Show to share his insights. He discusses the significant rise in gold and silver prices, the unexpected increase in long-term bond yields following the Fed's rate cuts, and criti
Oct 23, 2024 • 56:01
Investors and Gamblers Are Betting on Trump - Ep 984
Stock and Bitcoin trends, Fed's influence on metal prices, policy impacts on economy, and tariff effects on manufacturing.For 20% off your Momentous order, head to https://livemomentous.com and use code GOLD.Get $20 credit by being one of the first 500 traders. https://kalshi.com/goldPeter provides a comprehensive analysis of the current economic and political landscape. Beginning with the record highs in the Dow Jones and the booming interest in Bitcoin, Peter attributes market optimism to
Oct 15, 2024 • 54:50
You Can’t Depend on Politically Crafted Government Data - Ep 983
Critiquing job reports. Questioning the Fed. Scrutinizing data. Inflation methods. Political motives. State preparedness.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldLaughing Cats - GYB OFFICIAL MUSIC VIDEO: https://youtu.be/dSdTZ3judPs?feature=sharedSchiff critically examines the recent jobs report, labeling it as misleading and detailing the implications of government employment statistics. He questions the significance of the Federal Reserve's decisions
Oct 11, 2024 • 57:51
Government Hiring Spree Means Higher Taxes and Inflation - Ep 982
The September Jobs Report: A Deeper Dive into Government Hiring and Market ImplicationsCut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only. Get $20 credit by being one of the first 500 traders. https://kalshi.com/goldPeter unpacks the September jobs report, highlighting the surprising surge in government hiring amidst looming elections. He questions the authenticity and timing of these figures, suggest
Oct 5, 2024 • 55:14
Government Stimulus Is Inflation in Disguise - Ep 981
Gold reaches record highs, silver follows. Market reactions, inflation concerns, Fed's policies, and economic predictions Get an extra 3 months free. https://expressvpn.com/goldGet $20 credit by being one of the first 500 traders. https://kalshi.com/goldPeter discusses the new all-time records set by gold and silver, highlights the puzzling behavior of gold mining stocks, and criticizes the mainstream financial media's understanding of inflation and Federal Reserve policies. He elaborate
Sep 28, 2024 • 53:19
Fed Caves With Aggressive Rate Cut - Ep 980
FOMC Rate Cut Analysis: Fed's Decision, Market Reactions, and Economic RealitiesPeter Schiff analyzes the highly anticipated Federal Reserve rate cut following the two-day FOMC meeting, emphasizing its effects on the markets and broader economy. He critiques Jerome Powell's justification for the 50 basis points cut, the Fed's stance on inflation, and the true state of employment in the U.S. Schiff also discusses the contradictions in Trump's and Harris's economic promises, th
Sep 19, 2024 • 53:54
Gold Soars as The Fed Readies Rate Cuts - Ep 979
Market Analysis, Gold Surge, and Personal AnnouncementPeter Schiff discusses the stock markets' performance on Friday the 13th, noting that while major indexes ended on a positive note, the only asset to hit a new all-time high was gold. He interrupts the usual podcast to announce his wife Lauren's new music duo, 'The Laughing Cats,' and their debut album, 'Funny Money,' highlighting the first single 'G.Y.B.' now available on Spotify. Peter then resumes, detailing
Sep 14, 2024 • 1:00:19
Financial Markets Back on the Brink of Collapse - Ep 978
Market Turmoil & Economic Uncertainty: A Deep Dive into Non-Farm Payroll Report and Fed PoliciesIn this episode, we explore today's weaker-than-expected non-farm payroll report and its impact on the markets. Despite a brief improvement in stock indices following rate cut expectations, concerns loom as markets question whether a 25 or 50 basis point rate cut is forthcoming. The podcast dissects the current state of the labor market, the potential Fed actions, and the implications for tech
Sep 7, 2024 • 1:01:38
Making Lemonade Out of Economic Lemons - Ep 977
Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only. 🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://inst
Sep 2, 2024 • 54:43
The Fed Makes Its Biggest Mistake Yet - Ep 976
Market Turmoil, Political Drama, and Economic ForecastsPeter delves into a tumultuous week in the markets and politics. He covers key events including Jerome Powell's Jackson Hole speech and its implications for interest rate cuts, the Democratic National Convention, and Robert Kennedy Jr.'s decision to drop out and endorse Donald Trump. Peter argues that the Federal Reserve is pivoting from fighting inflation to addressing rising unemployment, critiques the state of unemployment statist
Aug 24, 2024 • 55:03
Gold Breaks $2,500. Harris Would Send it to the Moon - Ep 975
Unprecedented Gold Highs and Underlying Market DynamicsPeter discusses the historic rise of gold prices, which closed above $2,500 per ounce for the first time. He contrasts the performance of gold with that of Bitcoin, highlighting gold's significant growth since the start of the century. Peter also explores the underwhelming response of gold mining stocks to gold's record highs and predicts a bullish future for gold prices and mining stocks. Additionally, he critiques potential economi
Aug 17, 2024 • 55:23
Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974
Peter Schiff dissects the latest inflation data, emphasizing the government's manipulation in underreporting true inflation figures. He compares the July CPI and PPI reports, suggesting real inflation rates could be double the official numbers.Schiff highlights the significant federal budget deficit and its implications for future inflation. He argues that the Federal Reserve's potential rate cut is politically driven and could backfire.Schiff also discusses the repercussions of governme
Aug 15, 2024 • 55:42
Bank of Japan Rescues the Markets... For Now - Ep 973
Peter returns to his Puerto Rico studio after an extended vacation. He discusses recent market volatility, including movements in stocks, Japan’s market crash, and cryptocurrency fluctuations. Peter critiques the Fed's decision not to cut rates, arguing that delaying cuts only worsens economic pain. He predicts future rate cuts and quantitative easing, and shares insights on gold and mining stock investments. Additionally, Peter analyzes the political landscape, focusing on Kamala Harris'
Aug 12, 2024 • 57:29
Will There Be an Emergency Rate Cut to Avert a Crash? - Ep 972
Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only. Sign up for Peter's most valuable insights at https://schiffsovereign.comFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffPrivacy &
Aug 3, 2024 • 55:44
Bitcoin Faction Exposes the Evils of Democracy - Ep 971
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldVisit https://indeed.com/peter to start hiring now.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: http
Jul 26, 2024 • 53:49
Trump Is a Living American Folk Hero That No Democrat Can Beat - Ep 970
Sign up for a $1/month trial period at https://shopify.com/goldNetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/pet
Jul 21, 2024 • 50:52
Trump Dodged a Bullet, but Economy Won’t Be So Lucky - Ep 969
Visit https:/indeed.com/peter to start hiring now.Sign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffPrivacy & Opt-Out:
Jul 15, 2024 • 1:07:40
Bad News for Biden and the Economy - Ep 968
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://fa
Jul 8, 2024 • 56:48
Biden Bombs Bigly - Ep 967
Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required.For new customers on the first 3 month plan only. Thanks Constant Contact. Start GROWING your business today with a free trial at https://constantcontact.comSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Sch
Jun 29, 2024 • 56:21
New Inflationary Government Program Subverts Fed - Ep 966
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on
Jun 24, 2024 • 55:39
Fed Fakes Inflation Fight as Pretext for Future Cuts - Ep 965
Get an additional 15% off an annual membership at https://masterclass.com/goldVisit https:/indeed.com/peter to start hiring now.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peters
Jun 15, 2024 • 52:41
Did China Just Sucker Investors Out of Their Gold? - Ep 964
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on
Jun 10, 2024 • 56:04
Biden Is the Real Felon, Not Trump - Ep 963
Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Thanks Constant Contact. Start GROWING your business today with a free trial at https://constantcontact.com🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news�
Jun 3, 2024 • 1:00:46
Is the Money in Your Pocket Counterfeit? - Ep 962
During an unexpected podcast episode from The Bahamas, Peter Schiff discusses the significant breakout in silver prices, reaching the highest since 2013, and the new record highs in gold. He elaborates on central banks' preference for gold over silver and the retail selling trend, emphasizing an opportunity to buy both metals after a correction. Schiff points out the ineffectiveness of the Fed's statements and actions on the true value of gold and silver, suggesting that prices will rise
May 23, 2024 • 56:33
Tariffs and Inflation Are Taxes - Ep 961
In this episode of The Peter Schiff Show, Peter discusses the recent milestone where the Dow Jones industrial average traded above 40,000 for the first time, yet closed down on the same day. He elaborates on nominal vs. real terms of value, emphasizing the importance of measuring stock markets in terms of gold to gain an accurate perspective on value over time. Schiff critiques the government's role in inflating the economy, creating an illusion of prosperity while diminishing the dollar'
May 17, 2024 • 56:18
Abolish the US Council of Economic Advisers - Ep 960
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldJoin Peter on the Annual Investor Summit at Sea! Get the details and reserve your spot at https://InvestorSummitAtSea.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold New
May 13, 2024 • 1:04:37
Dovish Fed Rescues Markets - Ep 959
Get an additional 15% off an annual membership at https://masterclass.com/goldCut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comS
May 6, 2024 • 1:00:31
The Secret Word Is Stagflation - Ep 958
Visit https://indeed.com/peter to start hiring now.Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff
Apr 27, 2024 • 1:12:13
Rotating From Growth & Bitcoin to Value & Gold - Ep 957
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldCheck out the exclusive discounts for my audience https://neolightbed.comJoin Peter on the Annual Investor Summit at Sea! Get the details and reserve your spot at https://InvestorSummitAtSea.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/inv
Apr 21, 2024 • 56:02
The Gold Canary Didn’t Die of Natural Causes - Ep 956
Visit https://indeed.com/peter to start hiring now.Register for The 2024 MoneyShow in Miami, FL (April 10-12): https://www.miamisymposium.com/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/?scode=062042Join Peter on the Annual Investor Summit at Sea! Get the details and reserve your spot at https://InvestorSummitAtSea.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a mem
Apr 12, 2024 • 58:07
Any News Is Good News for Gold - Ep 955
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldRegister for The 2024 MoneyShow in Miami, FL (April 10-12): https://www.miamisymposium.com/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/?scode=062042Join Peter on the Annual Investor Summit at Sea! Get the details and reserve your spot at https://InvestorSummitAtSea.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://
Apr 6, 2024 • 49:09
Everyday Is April Fools' Day, for Most Investors - Ep 954
Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Register for The 2024 MoneyShow in Miami, FL (April 10-12): https://www.miamisymposium.com/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/?scode=062042Join Peter on the Annual Investor Summit at Sea! Get the details and reserve your spot at https://InvestorSummitAtSea.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get ac
Apr 2, 2024 • 54:37
Get Ready for an Inflation Bloodbath - Ep 953
NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldVisit https://indeed.com/peter to start hiring now.Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/b
Mar 21, 2024 • 57:21
Resurgent Inflation Will Surprise Investors and Rattle Markets - Ep 952
Sign up for a $1/month trial period at https://shopify.com/goldJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow P
Mar 14, 2024 • 43:52
Biden and Powell Do America, Part 2 - Ep 951
Visit https://indeed.com/peter to start hiring nowJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff o
Mar 11, 2024 • 56:43
Gold's Breakout Signals Monetary Policy Too Loose - Ep 950
One-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Pete
Mar 7, 2024 • 46:24
Bitcoin Mania Creates Golden Opportunity - Ep 949
Cut your wireless bill to 15 bucks a month at https://mintmobile.com/goldCheck out the exclusive discounts for my audience at https://neolightbed.comRegister for The 2024 MoneyShow in Miami, FL (April 10-12): https://www.miamisymposium.com/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/?scode=062042Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: htt
Mar 1, 2024 • 53:09
A Tale of Two Stocks - Ep 948
One-of-a-kind financing program at https://netsuite.com/goldhttps://factormeal.com/goldpeter50 and use code goldpeter50 to get 50% offJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFol
Feb 23, 2024 • 59:33
Inflation Threat Is Graver Than Investors Realize - Ep 947
Visit https://indeed.com/peter to start hiring nowCheck out the exclusive discounts for my audience at https://neolightbed.comRegister for The 2024 MoneyShow in Miami, FL (April 10-12): https://www.miamisymposium.com/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/?scode=062042Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/in
Feb 14, 2024 • 54:16
When Jerome Powell Talks, People Shouldn't Listen - Ep 946
Visit https://indeed.com/peter to start hiring nowOne-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twit
Feb 7, 2024 • 56:09
Another BS Jobs Report From the Gov't - Ep 945
Check out the exclusive discounts for my audience at https://neolightbed.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschif
Feb 3, 2024 • 50:37
Powell Rains on March Rate Cut Parade - Ep 944
Cut your wireless bill to 15 bucks a month at https://mintmobile.com/goldJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschi
Feb 1, 2024 • 50:41
Despite the Data, Economy May Already Be in Recession - Ep 943
One-of-a-kind financing program at https://netsuite.com/goldhttps://factormeals.com/goldpeter50 and use code goldpeter50 to get 50% offJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFo
Jan 27, 2024 • 54:42
Markets Are Poised to Confound Investors - Ep 942
Sign up for a $1/month trial period at https://shopify.com/goldRegister for The Microcap Conference at https://themicrocapconference.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksF
Jan 20, 2024 • 54:31
Jobs and Inflation and Bitcoin, Oh My! - Ep 941
Visit https://indeed.com/peter to start hiring nowOne-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twit
Jan 12, 2024 • 56:04
2024 Surprises Will Be Greater Than in 2023 - Ep 940
Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFoll
Dec 30, 2023 • 1:00:38
Did the Fed Just Steal the Santa Claus Rally? - Ep 939
Go to https://joindeleteme.com/gold and use promo code GOLD for 20% off.Cut your wireless bill to $15 a month at https://mintmobile.com/gold.Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/b
Dec 21, 2023 • 58:17
Fed Tempers Rate Cut Enthusiasm - Ep 938
Cut your wireless bill to $15 a month at https://mintmobile.com/gold.Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFo
Dec 16, 2023 • 54:15
The Fed Finally Surrenders; Inflation Wins - Ep 937
Visit https://indeed.com/peter to start hiring now.One-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twi
Dec 14, 2023 • 57:28
Just Another Hyped Up Jobs Report - Ep 936
Visit htttps://indeed.com/peter to start hiring now.Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff
Dec 9, 2023 • 48:18
Fed Gov't Argues for Unlimited Taxing Power Before the Supreme Court - Ep 935
Go to https://joindeleteme.com/gold and use promo code GOLD for 20% off.Sign up for a $1/month trial period at https://shopify.com/gold.Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/books
Dec 6, 2023 • 1:02:42
Gold Breaks Out to a New Record High - Ep 934
Go to https://joindeleteme.com/gold and use promo code GOLD for 20% off.Cut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/b
Dec 2, 2023 • 1:08:13
I Won My Defamation Lawsuit in Australia - Ep 933
Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFol
Nov 29, 2023 • 1:16:03
A Soft Landing Is Impossible - Ep 932
Cut your wireless bill to $15 a month at https://mintmobile.com/goldGo to https://oxyhelp.com – Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store
Nov 18, 2023 • 55:29
Reports of Inflation’s Death Are Greatly Exaggerated - Ep 931
Visit https://indeed.com/peter to start hiring now.One-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Tw
Nov 15, 2023 • 1:02:05
Investor Optimism at Odds With Reality - Ep 930
Visit https://indeed.com/peter to start hiring now.Go to https://oxyhelp.com – Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffr
Nov 11, 2023 • 56:15
Fed Won’t Achieve Either Mandate - Ep 929
Get an extra 3 months free. https://expressvpn.com/goldSign up for a $1/month trial period at https://shopify.com/gold Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schi
Nov 6, 2023 • 56:11
The National Debt Is the Scariest Halloween Costume - Ep 928
Go to https://joindeleteme.com/gold and use promo code GOLD for 20% off.Get an extra 3 months. https://expressvpn.com/goldTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://w
Oct 31, 2023 • 54:48
The US Isn't Japan, It's Argentina - Ep 927
Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring nowTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europa
Oct 27, 2023 • 54:48
Powell’s Not Qualified to Be a Member of an Economic Club - Ep 926
One-of-a-kind financing program at https://netsuite.com/goldGo to https://oxyhelp.com - Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https:
Oct 20, 2023 • 55:17
The "Unsinkable" American Consumer Is Drowning In Debt - Ep 925
Cut your wireless bill to $15 a month at https://mintmobile.com/goldVisit https://indeed.com/peter to start hiring nowJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schif
Oct 18, 2023 • 54:50
Gold Rises on Worse Than Expected Inflation News - Ep 924
Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upGo to https://oxyhelp.com - Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/ne
Oct 14, 2023 • 53:20
The US Can’t Afford Peace, Let Alone War - Ep 923
Visit https://indeed.com/peter to start hiring nowTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store
Oct 10, 2023 • 55:36
National Debt Clock Ticks Down to DEFCON 1- Ep 922
Sign up for a $1/month trial period at https://shopify.com/goldGo to https://oxyhelp.com - Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investS
Oct 6, 2023 • 50:51
The Biggest Crisis Is the One Few See Coming - Ep 921
Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/?ref=ps112Take back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://
Sep 30, 2023 • 1:04:06
The Entire Economy Is About to Implode - Ep 920
Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/?ref=ps112Take back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://
Sep 27, 2023 • 54:45
Inflation Is Strong, Not the Economy - Ep 919
One-of-a-kind financing program at https://netsuite.com/goldCut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow P
Sep 21, 2023 • 55:39
The Inflation War Has Already Been Lost - Ep 918
Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upVisit https://indeed.com/peter to start hiring nowJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow
Sep 15, 2023 • 50:46
Fed Money Magicians Running Out of Rabbits - Ep 917
Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring nowGet an extra 3 months. https://expressvpn.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: ht
Sep 9, 2023 • 53:02
Job Market Cools as Inflation Heats Up - Ep 916
Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/Get 25% off + a FREE bottle of Premium Pure CBD ($50 value, limit 1 use per customer) at https://nextevo.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.co
Sep 1, 2023 • 56:22
Powell’s Jackson Hole Speech Is Full of Holes - Ep 915
Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on
Aug 28, 2023 • 53:34
Peter Schiff's Reaction to the 2024 Republican Party Presidential Debate - Ep 914
First 2024 Republican Party presidential debate reaction.Cut your wireless bill to $15 a month at https://mintmobile.com/goldOne-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.
Aug 24, 2023 • 54:26
The Days of Low Inflation and Low Interest Rates are Over - Ep 913
Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://expatmoneysummit.com/💬 Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium/ to become a member.📈 Invest like me: https://schiffradio.com/invest💯 RATE AND REVIEW on Facebook: https://www.facebook.com/peterschiff/reviews/🔔 SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/⭐️ Schiff Gold News: http://w
Aug 21, 2023 • 48:11
Minutes Show It’s Later Than the Fed Thinks - Ep 912
Live podcastVisit https://indeed.com/peter to start hiring now.Get 25% off + a FREE bottle of Premium Pure CBD ($50 value, limit 1 use per customer) at https://nextevo.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsB
Aug 17, 2023 • 56:28
The Fed Will Never Hit Its Inflation Target - Ep 911
Live podcastGo to https://bambee.com and type in Peter Schiff under PODCAST when you sign upSign up for a $1/month trial period at https://shopify.com/goldGet an extra 3 months. https://expressvpn.com/goldBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffPrivacy & Opt-Out: https://redcircle.com/privacy
Aug 14, 2023 • 56:41
A Market Driven U.S. Dollar Downgrade Is the Real Threat - Ep 910
Live podcastVisit https://indeed.com/peter to start hiring now.Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out DeleteMe: https://deleteme.com/GOLD* Check out Kinsta at https://kinsta.com to get your first month free today!* Check out Mack Weldon and use my code PETER for a great deal: https://mack
Aug 7, 2023 • 54:46
Powell Commits to Rate Cuts Before Inflation Hits 2% - Ep 909
Live podcastCut your wireless bill to $15 a month at https://mintmobile.com/goldBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out Kinsta at https://kinsta.com to get your first month free today!* Check out Mack Weldon and use my code PETER for a great deal: https://mackweldon.com* Check out Moorings
Jul 31, 2023 • 53:49
Is the AI Inspired Tech Bubble About to Pop? - Ep 908
Live podcastVisit https://indeed.com/peter to start hiring now.One-of-a-kind financing program at https://netsuite.com/goldBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out Kinsta at https://kinsta.com to get your first month free today!* Check out Mack Weldon and use my code PETER for a great deal:
Jul 21, 2023 • 56:45
Dollar Breakdown Confirms Lower Inflation Is Transitory - Ep 907
Live PodcastGet 20% off your first order of $40 or more at https://nextevo.com/goldExpressVPN: https://expressvpn.com/goldRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out Kinsta at https://kinsta.com to get your first month f
Jul 16, 2023 • 53:15
Today’s Dollar Rout Confirms Inflation Will Worsen - Ep 906
Live podcast.Visit http://indeed.com/peter to start hiring now.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out Kinsta at https://kinsta.com to get your first month free today!* C
Jul 12, 2023 • 41:36
Bond Bear Will Maul Stocks and the Dollar - Ep 905
Live podcast.Sign up for a $1/month trial period at https://shopify.com/goldGo to https://bambee.com and type in Peter Schiff under PODCAST when you sign upInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchif
Jul 9, 2023 • 57:24
Supreme Court Trumps Biden - Ep 904
Live podcast.Get 15% off your entire order. https://fastgrowingtrees.com/goldInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffPrivacy & Opt-Out: https://redcircle.com/privacy
Jul 2, 2023 • 59:03
An Independent Fed Would Criticize Bad Fiscal Policy - 903
Live podcast.Get 20% off your first order of $40 or more at https://nextevo.com/goldOne-of-a-kind financing program at https://netsuite.com/goldInvest like me: https://schiffradio.com/investBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffPrivacy & Opt-Out: https://redcircle.com/privacy
Jun 26, 2023 • 1:05:02
National Debt Time Bomb Ticks $32 Trillion - Ep 902
Live podcast.Cut your wireless bill to $15 a month at https://mintmobile.com/goldInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out Kinsta at https://kinsta.com to get your first mo
Jun 21, 2023 • 45:15
The Pause That Doesn’t Refresh - Ep 901
Live podcast.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out Kinsta at https://kinsta.com to get y
Jun 15, 2023 • 47:26
French Style Price Controls Are Coming to America - Ep 900
Get $30 off your qualifying order at https://omahasteaks.com and use code GOLD at checkout. Minimum order may be required. See site for details.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter
Jun 9, 2023 • 56:55
Abolishing Govt. Departments Restores Freedom & Prosperity - Ep 899
Live podcast.Sign up for a $1/month trial period at https://shopify.com/goldGet an extra 3 months. https://expressvpn.com/goldInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitt
Jun 6, 2023 • 55:12
Restructuring the Debt Beats Inflating It Away - Ep 898
Live podcast.Visit https://indeed.com/peter to start hiring now.Go to https://collective.com by June 13th to save on taxes.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.
Jun 3, 2023 • 56:08
Fiscal Irresponsibility Shatters the Debt Ceiling - Ep 897
· Live podcast.Get 15% off your entire order at https://fastgrowingtrees.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at
Jun 1, 2023 • 57:11
Powell and Bernanke Do America - Ep 896
· Live podcast.Cut your wireless bill to $15 a month at https://mintmobile.com/goldThanks Inflation Education. Save 15% at https://inflationeducation.net - promo code goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: htt
May 23, 2023 • 1:02:30
Fed's Tough Inflation Talk Sparks Gold Correction - Ep 895
· Live podcast.Visit https://indeed.com/peter to start hiring now.One-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http:/
May 19, 2023 • 56:31
Biased Media Fails Investors and the Public - Ep 894
Live PodcastSign up for a $1/month trial period at https://shopify.com/goldCut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff
May 11, 2023 • 53:25
Economic Data Confirms Entrenched Inflation - Ep 893
· Live podcast.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newe
May 8, 2023 • 43:30
Powell Pause Is Off, so Risk Is On - Ep 892
· Live podcast.Visit https:///indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.ti
May 4, 2023 • 50:33
Growth Slows Down as Inflation Speeds Up - Ep 891
Live PodcastTry Headspace FREE for 30 days by going to http://headspace.com/gold30dayGet 15% off your entire order. https://fastgrowingtrees.com/goldhttps://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER
May 1, 2023 • 55:14
Fire Joe Biden, Not Tucker Carlson! - Ep 890
· Live podcast.Cut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book
Apr 27, 2023 • 47:17
The Debt’s the Problem. Not Raising the Ceiling Is the Solution. - Ep 889
· Live podcast.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upOne-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac
Apr 24, 2023 • 56:15
Just When You Thought Government Couldn’t Get Any Dumber - Ep 888
· Live podcast.Visit https:///indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.ti
Apr 21, 2023 • 45:41
The Fed and Yellen Make Startling Admissions - Ep 887
· Live podcast.Get an extra 3 months. https://expressvpn.com/goldThanks ClearComp. Book a demo at https://clearcomp.com.Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.S
Apr 17, 2023 • 1:04:36
Traders Still Get Jobs and Inflation Wrong - Ep 886
· Live podcast.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold
Apr 12, 2023 • 38:07
King Dollar Will Soon Be Dethroned - Ep 885
· Live podcast.Sign up for a $1/month trial period at https://shopify.com/gold.Visit https://indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schi
Apr 10, 2023 • 49:16
Gold Stocks Are the New Tech Stocks - Ep 884
· Live podcast.Get 15% off your entire order. https://fastgrowingtrees.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my
Apr 1, 2023 • 44:30
Bank Regulations Are the Problem, Not the Solution - Ep 883
· Live podcast.Try Headspace FREE for 30 days by going to https://headspace.com/gold30dayThanks ClearComp. Book a demo at https://clearcomp.comJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.eur
Mar 28, 2023 • 52:05
Financial Media Surprised by the Obvious
· Live podcast.One-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newe
Mar 24, 2023 • 43:31
Powell Brushes off Banking Crisis as Bump in the Road - Ep 881
· Live podcast.Cut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy
Mar 23, 2023 • 47:32
PREVIEW: The Peter Schiff Show Premium Member Special - March 20, 2023
Introduction to a special episode of the Peter Schiff Show. Get the full episode with Q&A https://schiffradio.com/premium/Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News
Mar 20, 2023 • 18:14
Fed's Balance Sheet Confirm QE5 - Ep 880
· Live podcast.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Face
Mar 17, 2023 • 35:04
The 2023 Financial Crisis Just Went Global - Ep 879
· Live podcast.Thanks ClearComp. Book a demo at https://clearcomp.comJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest boo
Mar 16, 2023 • 45:35
The 2023 Financial Crisis Has Started - Ep 878
· Live podcast.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com
Mar 14, 2023 • 53:41
Will the Fed Pivot to Postpone Another Financial Crisis? - Ep 877
· Live podcast and audience Q&A.Get an extra 3 months. https://expressvpn.com/goldSign up for a $1/month trial period at https://shopify.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://w
Mar 11, 2023 • 59:14
ABC Four Corners’ Fake News Exposed - Ep 876
· Corrupt media deliberately distorts the truth and lies to the Australian people in order to advance a political agenda that is detrimental to the living standards and freedoms of every Australian.Visit https://indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW
Mar 7, 2023 • 40:12
All Roads Lead To Higher Inflation and Hard Landing - Ep 875
· Strong week for the stock market and gold stocks.· ECB’s inflation goals were asinine.· The Fed will soon break its money losing record.· Debt is going to spiral out of control.· Big money is leaving crypto.· Markets don’t get that inflation isn’t coming down.Thanks Headspace. Try it free for 30 days at https://headspace.com/gold30dayThanks ClearComp. Book a demo at https://clearcomp.comJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special li
Mar 5, 2023 • 53:30
Hotter Inflation Chills Stock Market- Ep 874
· The inflation genie is impossible to put back in the bottle.· CPI and PPI are lagging for a number of reasons.· Beaten down stocks of 2022 enjoyed a short-lived dead cat bounce in 2023.· Consumer spending in January surged after a record decline in tax revenue.· The PCE is the most inaccurate way to measure inflation and it’s no coincidence that it’s also the Fed’s favorite way.· The progress the Fed claimed to have made against inflation is already lost.· The inverted yield curve is now even
Feb 26, 2023 • 54:25
The Fed Brought a Knife to an Inflation Gun Fight - Ep 873
· People who think that we've seen the worst of inflation are wrong. · Surge in credit card debt proves labor market is weak.· Ronald Reagan’s tax system was the closest we’ve been to a flat tax since 1913.· Presidents’ Day is about honoring George Washington, not Joe Biden.Thanks HelloFresh! Go to https://hellofresh.com/gold65 and use code gold65 for 65% off plus free shipping!Thanks ClearComp. Book a demo at https://clearcomp.com.Join my Locals community to get The Peter Schiff Show ad-fre
Feb 19, 2023 • 48:01
CPI Shows Disinflation Trend May Have Turned - Ep 872
· Biden putting America in much more vulnerable position with continued selling of strategic oil reserves.· Replacing full-time jobs with part-time jobs is not a sign of a strong labor market.· The National Debt is the same thing as having a National Credit Card.· Politicians claiming to care about Social Security are voting to destroy the value of it.· Gold and silver will take off when investors realize inflation is not going back to 2%.Visit https://indeed.com/peter to start hiring now.Join m
Feb 15, 2023 • 37:31
Neither Biden nor Powell Understands the State of the Union - Ep 871
· As an American, Biden’s State of the Union was horrible.· Inflation Reduction Act will increase prices.· Republicans supporting Trump deficits paved the way for Biden deficits.· Biden is cutting Social Security through inflation.· Biden promises to save your pennies while stealing your dollars.· More savings reduces inflation through decreased demand and increased supply.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upJoin my Locals community to get The Peter Sc
Feb 9, 2023 • 43:16
Risk-On, Economic Understanding Off - Ep 870
· Short covering fuels tech rally.· Good news on the economy is bad news for the market.· Fewer people have full-time jobs today than 10 months ago.· The media is racist.Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://sc
Feb 6, 2023 • 48:14
The Fed Can’t Fight What It Doesn’t Understand - Ep 869
· As expected, the Fed did exactly what was expected.· Gold trades highest it’s been in almost a year.· Government causes inflation, not consumers.· Investors are seeing through the outliers when it comes to stronger economic data.· Congress acts shocked to discover fraud with PPP loans.Thanks Winmond. Visit https://winmond.com to inquire about purchase or a joint venture.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&
Feb 2, 2023 • 40:51
Government Worsens Every Problem It Tries to Solve - Ep 868
· Weakening dollar will worsen trade deficit.· Fed is nowhere near victory in inflation fight.· Google does not have a monopoly on advertising.· San Francisco wants to incentivize African Americans to commit drug crimes.Get $15 off at Nutrafol.com when you got to https://nutrafol.com/men and use promo code goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a membe
Jan 29, 2023 • 54:50
Davos Investors Are Skiing Towards a Debt Cliff - Ep 867
· Growth stock will rollover and make new lows in 2023.· Gold hit new 9 month high on the week.· While tech stocks are rising, their headcounts are falling.· New economic data blows away low-end expectations.· 2023 could be one of the worst years ever for the dollar.· Politicians and central bankers waste public money being hypocrites at Davos.· Netflix documentary on Bernie Madoff proves more regulation won’t help us.Cut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Lo
Jan 21, 2023 • 44:09
Soaring Consumer Credit Means Higher Consumer Prices - Ep 866
· The Fed will surrender to inflation in 2023.· Recession will be the Fed’s next battle, and they’ll lose that too.· Inflation is expanding with money supply and credit supply.· Consumers in debt are going out with a bang.· Republican compromises continue to err on the side of big government.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&am
Jan 11, 2023 • 42:10
Gold Stocks Ring in the New Year With a Bang - Ep 865
· Investment rotation continues into value, international, emerging markets, and precious metals.· Precious metals mining stocks are best performing sector of 2023 so far.Expect a breakdown in the dollar and an even bigger breakout in mining stocks.· Bitcoin is sliding a slope of hope.· NY Attorney General files civil charges on Alex Mashinsky for Celsius fraud.Sign up for a $1/month trial period at https://shopify.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day e
Jan 7, 2023 • 57:48
2023 Begins Where 2022 Left Off - Ep 864
· 2023 is gearing up for a lot of volatility and weakness in the stock market.· 2023 stock market highs may have already been made.· NASDAQ stocks will implode when Cathie Wood turns from being biggest buyer to biggest seller.· 2023 will likely be the year Bitcoin collapses and gold shines.Get an extra 3 months. https://expressvpn.com/gold.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio
Jan 4, 2023 • 44:30
This Time Japan Dropped a Bomb on Us - Ep 863
· Everyone realizes recession is coming, but nobody realizes how bad it will be.· Too many people are getting rich off war in Ukraine for there to be a chance of peace.· Gold and silver mining stocks are at the beginning of a bull market.· Institutional interest in Bitcoin is gone.· Bank of Japan has now joined the tightening party.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upGo to https://shopify.com/gold for a FREE trial.Join my Locals community to get The Pe
Dec 24, 2022 • 51:47
Powell Admits He’s Clueless on the US Economy - Ep 862
· The days of low inflation are over.· Jerome Powell threw cold water on investors’ hope.· Terminal rate of interest continues higher.· Mr. Schiff Goes to Washington: https://youtu.be/mANOqcnLtqA· Mr. Schiff Returns to Washington: https://youtu.be/UvMGHzB37loGet an extra 3 months. https://expressvpn.com/gold.Go to https://shopify.com/gold for a FREE trial.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit htt
Dec 15, 2022 • 56:39
Bad News on Inflation Should Not Be a Surprise - Ep 861
· 2023 will see a new high-water mark in producer prices.· Declining Coinbase stock is an ominous sign for crypto market.· Kevin O’Leary is culpable in the FTX scam.· Americans on the hook for Teamsters pensions.Thanks Raycon! For a limited time, go to https://buyraycon.com/gold and use code HOLIDAY for 15% off your entire Raycon order.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com
Dec 11, 2022 • 48:51
Investors Are Mistaken About the Fed’s Mistake - Ep 860
· Weakening economy will expand inflation· Bitcoin is building a trapdoor, not a bottom.· Jobs under Biden were returned, not created.Cut your wireless bill to $15 a month. For a limited time, buy any 3-month Mint Mobile plan and get 3 more months FREE at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://sch
Dec 7, 2022 • 38:52
The Dollar Breaks Down as Gold Breaks Out - Ep 859
· New jobs created indicate a weak labor market.· Manufacturing is as weak now is it was in the worst part of the covid pandemic.· 2023 will be an explosive year for gold and silver.Go to https://fountainheadme.com/peter for a free analysis that will tell you how to be more profitable selling products online.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.
Dec 4, 2022 • 46:10
Markets Finally Call Powell’s Bluff – Ep 858
· The next leg down in the dollar and the next leg up in gold may be here. · High interest rates creating a glut of sellers and a lack of buyers in housing. · 2023 will be the year that the air finally comes out of the Bitcoin bubble. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https
Dec 1, 2022 • 38:01
Markets Finally Call Powell’s Bluff - Ep 858
· The next leg down in the dollar and the next leg up in gold may be here.· High interest rates creating a glut of sellers and a lack of buyers in housing.· 2023 will be the year that the air finally comes out of the Bitcoin bubble.Visit https://indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://sch
Dec 1, 2022 • 38:01
Deja Vu All Over Again… Again – Ep 857
· Dubai is a world leader in economic freedom. · Financial media will ignore gold stocks until they’ve tripled. · More fraud happens under regulation than without. Go to https://shopify.com/gold for a FREE trial. Get an extra 3 months Free on a one year package. https://expressvpn.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like
Nov 26, 2022 • 53:35
The King of Crypto Had No Clothes – Ep 856
· More economic data confirms we’re in a recession. · Republicans gain control of the purse strings. · Sam Bankman-Fried’s FTX was a crypto Ponzi scheme. · If you’re still holding Bitcoin, you’re the bag holder. Go to https://shopify.com/gold for a FREE trial. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/inv
Nov 18, 2022 • 46:31
In the Eye of the Inflation Hurricane – Ep 855
· Investors being lulled into false sense of security. · More higher income shoppers turning to Walmart. · FTX dominos continue falling. · Donald Trump is running for president. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Get an extra 3 months. https://expressvpn.com/gold. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to
Nov 16, 2022 • 58:20
Voters and Investors Keep Getting It Wrong – Ep 854
· CPI data sends stocks and bonds soaring, while dollar tanks. · Moves of magnitude in gold suggest something significant is going on. · Junior mining stocks are in a stealth bull market. · Sweden is handling inflation far more responsibly than America. · Only vote your conscience when there are no consequences. · FTX turns out to be a Ponzi scheme perpetuating a house of cards in crypto. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Sho
Nov 11, 2022 • 47:43
The Gold Train Has Left the Station – Ep 853
· Commodities break out of their bear market corrections. · Tech stocks collapsing further. · Smart money is buying gold mining stocks. · Labor force participation rate has declined despite extra jobs. Cut your wireless bill to $15/month at https://mintmobile.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio
Nov 7, 2022 • 51:21
Powell Pulls the Hope Out From Under the Market – Ep 852
· Federal Reserve raises interest rates again as expected. · Markets spooked as Jerome Powell dropped bombshells in Fed meeting. · Biden administration gets fact checked and deletes tweet. · Weakness in the stock market will continue on after the election. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a memb
Nov 3, 2022 • 32:34
For Now, Bad News Is Good Again – Ep 851
· Dow has best October in its history. · Rotation continues from growth to value stocks. · Market is priced for perfection with anything but perfect circumstances. · Inflation will never go back to 2% · Amazon, Apple, and Netflix disappoint investors. · Meta and Alphabet hurt by dried up advertising. · Consumers need to save now and buy later, not buy now and pay later. · Elon Musk buys Twitter and thanks Peter Schiff. Get an extra 3 months. https://expressvpn.com/gold. Visit https://indeed.
Oct 30, 2022 • 58:02
Fed Folds With a Soft Pivot – Ep 850
· Interest rates are the Achilles’ heel of this bubble economy. · Shelter costs are going up, even if housing prices are going down. · Gold will be gaining value as the dollar loses value. Go to https://shopify.com/gold for a FREE trial. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/pr
Oct 26, 2022 • 44:52
Despite 14 Year Highs, Bond Yields Have a Long Way to Rise – Ep 849
· High inflation is here to stay. · Biden shifts the blame for high oil prices on to Putin. · Financial intervention and bailouts are simple politics. · The stock market is far away from the bottom. · Netflix and Tesla are expensive stocks. · Markets will react before the Fed has a chance to pivot. Go to https://shopify.com/gold for a FREE trial. Join me at the Traders Summit online October 21-23 where I’ll be debating a former Bank of England policy maker. Free registration at https://trade
Oct 20, 2022 • 58:43
Inflation Insanity Continues – Ep 848
· CPI numbers worse than investors feared. · Less younger people working while more older people retiring is bad news for Social Security Ponzi scheme. · Selling British Pounds for American Dollars is jumping from the frying pan into the fire. · I’ll be debating a former Bank of England policy maker on October 22nd. Free registration at https://tradersummit.net/event-oct-2022/?ref=1019 · Bitcoin teetering on the edge of collapse. · Precious metals holding up better than stock market, even as gol
Oct 15, 2022 • 57:48
The Fed Has Made Zero Progress Fighting Inflation – Ep 847
· Bank of England has Wall Street questioning the Fed. · Consumers are spending and borrowing more than ever. · Oil prices rise on OPEC+ production decrease. · Bitcoin is very close to a major collapse. · Michael Saylor is harming more investors than Kim Kardashian. · Bond investors still don’t believe inflation is here to stay. Cut your wireless bill to $15/month at https://mintmobile.com/gold Thanks Raycon!. For a limited time, go to https://buyraycon.com/gold for up to 15% off your entire
Oct 9, 2022 • 59:17
Live Gold and Silver Update Plus Q&A – Ep 846
· Peter Schiff does a live update on the markets, particularly gold and silver prices, plus takes listener questions. Go to Bambee.com and type in Peter Schiff under PODCAST when you sign up Thanks Ladder. Go to ladderlife.com/gold today to see if you’re instantly approved. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schi
Oct 3, 2022 • 1:55:56
A September Investors Hope to Forget – Ep 845
· Market has worst monthly drop since covid began, and worst September since 2008. · Carnival Cruise sinking like the Titanic. · CNBC finally starts criticizing Cathie Wood. · Anyone one who dropped gold for Grayscale has lost tremendously. · Puerto Rico needs relief from government, not hurricanes. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit http
Oct 2, 2022 • 49:26
Bank of England Pivots First, Fed to Follow – Ep 844
· Bank of England commits to another QE Infinity. · Inflation is here to stay for the British. · Reversals in the dollar and gold may mark key turning points. Thanks https://rocketmoney.com/gold. It could save you hundreds a year. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebo
Sep 29, 2022 • 44:27
Fed’s Feigned Inflation Resolve Lifts Dollar and Sinks Stocks – Ep 843
· Huge job losses will lead to imploding earnings and exploding debt service costs. · Gold proving to be an excellent store of value in many currencies. · Fed will pivot to postpone financial crisis Get an extra 3 months. https://expressvpn.com/gold. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE
Sep 25, 2022 • 52:29
Powell Still Hopes to Do the Impossible – Ep 842
· Jerome Powell delivers exactly what the market expects. · State governments’ cash will be depleted. · Ethereum traders bought the rumor and sold the fact. · The Fed will always choose inflation over deflation. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/
Sep 22, 2022 • 43:35
FedEx Proves the Fed Can’t Deliver a Soft Landing – Ep 841
· Big losses following Suckers Rally in Bitcoin and stock market. · The Fed will pivot when the economy starts to buckle. · Atlanta Fed lowers their estimates for Q3 GDP. · Silver may be showing a silver lining in gold’s cloud. · We’re likely nowhere near a bottom in the stock market. · One of these Mondays will be a Black Monday. · Bond market may crash harder than stocks. · Bond market crash has implications well beyond the stock market. Thanks Ladder. Go to https://ladderlife.com/gold toda
Sep 17, 2022 • 45:36
Inflation Data Sparks Biggest Market Crash Since Covid Lockdowns – Ep 840
· Stock market has its biggest crash since 2020 covid lockdowns. · Food prices see biggest year over year increase since 1979. · Bitcoin gets smoked. · Fed needs to make some hard political decisions if it wants to stop inflation. · Get exposure to gold now before the entry point is a lot higher. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early!
Sep 14, 2022 • 39:48
ECB’s Inflation Fight May Knock Out the Dollar – Ep 839
· ECB hikes rates as Europe’s inflation outpaces the U.S. · Powell admits we’re on an unsustainable fiscal path. · The Fed is not a friend of the public. It’s the enemy. · U.K. government will make their energy crisis worse. · No new money is going into crypto. Visit https://indeed.com/peter to start hiring now. Cut your wireless bill to $15/month at https://mintmobile.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live rep
Sep 11, 2022 • 1:04:13
Any News Is Bad News for Stocks – Ep 838
· Inflation’s day of reckoning can’t be postponed much longer. · Markets show risk of a Black Tuesday. · More Bitcoin sellers above $20k than buyers below it. · Gold bucking the downtrend in stocks. · Higher unemployment data surprises markets. · Putin understands the global inflation problem is the fault of the Fed and ECB. · Biden gives dishonest and divisive speech in Philadelphia. Get an extra 3 months. https://expressvpn.com/gold. Visit https://indeed.com/peter to start hiring now. Joi
Sep 4, 2022 • 58:15
Fed Can’t Solve an Inflation Problem It Doesn’t Understand – Ep 837
· Consumers have misplaced confidence. · Job hirings shrink as job openings grow. · Jeremy Siegel, Becky Quick, and Joe Biden compete for most ridiculous inflation comment. · Los Angeles liberals’ virtue signaling reaches new level of idiocy. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As.
Aug 31, 2022 • 42:51
Powell Promises Pain, Markets Deliver – Ep 836
· Jerome Powell no longer believes the economy will have a soft landing. · Joe Biden is creating severe moral hazards with student loan forgiveness. · Most unsold new homes on the market since aftermath of financial crisis. · Service sector is at its weakest since the depths of covid lockdowns. · More consumers are relying on savings and debt. · A Black Monday is possible. · Bond market investors are clueless to the reality of inflation. Thanks Ladder. Go to https://ladderlife.com/gold today
Aug 28, 2022 • 1:03:09
Markets Push Back the Powell Pivot – Ep 835
· 4-week winning streak for S&P comes to an end. · Investors chasing momentum. · Not-as-weak is the new strong. · Mortgage applications at their lowest since aftermath of dot com bubble. Thanks Raycon! For a limited time, go to https://buyraycon.com/gold for up to 15% off your entire Raycon order. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day
Aug 21, 2022 • 57:11
Government Can’t Do Anything Right – Ep 834
· NASDAQ loses steam. · Rising gold and silver propels mining stocks. · Food prices increased faster than any month since 1979. · Consumer sentiment among Democrats tumbled to a two-year low. · The Jones Act hurts everyone except the owners of certain ships. Businesses only pay for quality applications matching the sponsored job description. Visit https://indeed.com/peter to start hiring now. Cut your wireless bill to $15/month at https://mintmobile.com/gold Join my Locals community to get
Aug 14, 2022 • 52:28
Biden Taunts Public With Inflation Victory Dance – Ep 833
· Wall Street parties on CPI data release. · Minimum wage is bad economics. · Democrats prepare to shakedown the middle class while protecting the billionaires and millionaires. Get an extra 3 months. https://expressvpn.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook
Aug 11, 2022 • 44:34
The Truth Behind the Strong Job Market Hype – Ep 832
· Jobs report evidences a weak, not strong, economy. · Putin delivered price cuts, not price hikes. · Going into debt is not a sign of prosperity. · More people jobless than ever before. · Gold market shows strength. Businesses only pay for quality applications matching the sponsored job description. Visit https://indeed.com/peter to start hiring now. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Join my Locals community to get The Peter Schiff
Aug 7, 2022 • 1:00:30
Damn the Recession, Rate Hikes Ahead – Ep 831
· Treasury yields surge. · Fed forgets about inflation averaging. · Households take on all time record debt. · Nominal wages are going up, but real wages are collapsing. · China can do more damage to our economy without harming Nancy Pelosi. · Buy gold before the Chinese beat you to it. Go to https://bambee.com/gold to schedule your FREE HR audit. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https:/
Aug 3, 2022 • 40:10
U.S. in Recession Amid Weak Labor Market – Ep 830
· U.S. goes into recession; Biden and Fed deny it. · Media goes along with redefining recession. · The Inflation Reduction Act will increase inflation. · Forex and gold investors finally figuring things out. · Bond investors still clueless. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/
Jul 31, 2022 • 49:21
Powell Gets Democrats’ Memo to Redefine Recession – Ep 829
· Fed meets market expectations with 75 basis point rate hike. · Jerome Powell sidesteps recession questions. · Walmart confirms consumer weakness. · Gold may have found a bottom. · Gold miners rally. · Any rally in Bitcoin is a selling opportunity. Businesses only pay for quality applications matching the sponsored job description. Visit https://indeed.com/peter to start hiring now. Terms and conditions apply. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Pl
Jul 28, 2022 • 50:07
Recession Deniers Waking up to Reality – Ep 828
· More data pointing to a worsening economy. · ECB hikes rates for first time in 11 years. · Dollar looks to have topped out. · Gold looks to have bottomed. · Tech companies hurting as advertisers flee. Get an extra 3 months. https://expressvpn.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RA
Jul 24, 2022 • 47:37
Unwarranted Optimism Lifts Stocks, Pressures Gold – Ep 827
· U.S. stock markets rally. · Home builder sentiment will go from new highs to new lows. · Elon Musk dumps Bitcoin. · Taxes in California are higher than Sweden. · American standard of living has declined since the 1960’s. Businesses only pay for quality applications matching the sponsored job description. Visit https://indeed.com/peter to start hiring now. Terms and conditions apply. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite o
Jul 21, 2022 • 55:00
A Tale of Two Dollars – Ep 826
· Consumer prices reported hotter than expected. · Dollar is rising on the greater fool theory. · Inflation is not a product of expectations. · It's good politics to talk about fighting inflation. It's horrible politics to actually fight it. · Investors sheltering in the U.S. dollar abroad are in for a rude awakening. Businesses only pay for quality applications matching the sponsored job description. Visit https://indeed.com/peter to start hiring now. Terms and conditions apply. Cut your wi
Jul 17, 2022 • 59:08
Official Inflation Hits Another New High – Ep 825
· Inflation is soaring across the world. · U.S. monetary and fiscal policies are at odds with each other. · Motor vehicle repair costs have highest increase since the 1974. · Dollar rises as gold tanks. · Gold stocks are at bargain prices. · Don’t fall for bait and switch scams from gold and silver dealers. Thanks Raycon! For a limited time, go to https://buyraycon.com/gold for up to 15% off your entire Raycon order. Join my Locals community to get The Peter Schiff Show ad-free and a day ear
Jul 14, 2022 • 35:30
A Surge in Moonlighting Evidences Weakness Not Strength – Ep 824
· Dollar strengthened and gold tanked. · Needing a second crappy job is not good news for the economy. · Shinzo Abe was assassinated before he could be held accountable for his disastrous economic policies. · Peter Schiff was right about Elon Musk’s Twitter bluff. · Bitcoin big shot advocates for government regulation against alt coin competitors. Thanks https://truebill.com/gold. It could save you hundreds a year. Join my Locals community to get The Peter Schiff Show ad-free and a day early
Jul 10, 2022 • 36:14
Atlanta Fed Finally Forecasts Recession – Ep 823
· Atlanta Fed blindsided with negative GDO numbers. · Labor force participation rate near its lows. · Biden’s approval rating reaches new low. · Gold investments will pay off big. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Inve
Jul 3, 2022 • 39:38
A Truly Independent Fed Would Criticize Bad Fiscal Policy – Ep 822
· Gold less volatile than stock market indexes. · Bitcoin more volatile than stock market indexes. · Rising interest rates pushing up deficit. · Abortion laws should be left to the states. · Democrats are only pro-choice when it comes to abortions. · The Patriot Act should have been called the Anti-Privacy Act. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get acc
Jun 26, 2022 • 59:17
Recession Rears Uglier Head Than Inflation – Ep 821
· Dow Jones just did something it hasn't done since the great depression. · Rates in the UK and Japan headed higher. · Weakness and volatility in crypto markets. · Government moves to ban Juul vapes. · Jerome Powell uses politics as an excuse. Free $75 credit to boost your post at https://indeed.com/peter. Plus earn up to $500 extra in sponsored job credits with Indeed’s Virtual Interviews.Terms and conditions apply. Join my Locals community to get The Peter Schiff Show ad-free and a day ear
Jun 23, 2022 • 1:05:58
75 Basis Point Rate Hike May Signal Peak Hawkishness – Ep 820
· Fed makes biggest rate hike move in 28 years. · Powell makes excuses for Fed’s role in causing inflation. · Credit card debt at all time high while credit card interest surges. · Atlanta Fed predicts zero growth for second quarter. · Green New Deal Democrats should embrace higher oil prices. · Gold shows strong support at $1800. · CNBC gives Michael Saylor a podium to keep pumping Bitcoin. Thanks, Tommy John Get 20% off your 1st order https://tommyjohn.com/gold. See site for details. Join
Jun 16, 2022 • 1:01:07
The Bull Market Is Dead. The Bear May Live Long. – Ep 819
· Dow is now the only major index not in a bear market. · Bitcoin and Ethereum have a Black Monday. · Highest inflation in US history will be game changer for dollar and precious metals. · Google settles frivolous lawsuit. · Bitcoin pumpers lower the bar. · Celsius crypto accounts frozen. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus ge
Jun 14, 2022 • 50:25
Peak Inflation Was Transitory – Ep 818
· Inflation beat expectations by a wide margin. · Consumers more pessimistic now than in depth of Covid lockdowns. · CNBC ridicules David Einhorn for recommending gold investing. · Investors selling both the rumor and the fact. · Christine Lagarde said nothing hawkish. · Recession will kick inflation into a new gear. · Gold stocks unexpected victim of inflation. · Government causes inflation, not prices. · Putin calls out Biden for lying about price hikes. Free $75 credit to boost your post a
Jun 11, 2022 • 1:06:52
The US Economy Gets Weaker as Inflation Gets Stronger – Ep 817
· Food prices headed higher. · Energy prices headed higher. · Chief is not an offensive word to Native Americans. · Inflation is not the private sector’s fault Get an extra 3 months. https://expressvpn.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.face
Jun 8, 2022 • 42:04
Jobs Are a Lagging Indicator – Ep 816
· Encouraging action in gold stocks. · America has never been in a weaker position to fight inflation. · Busts are the solution to artificial booms. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com by 7/15 and mention my name for 50% off your initial consultation. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https:/
Jun 4, 2022 • 51:52
Biden Passes the Buck on Inflation – Ep 815
· Investors come back selling. · Crypto among worst performers of May. · Gold stocks are in a buying opportunity. · Germany is the key to the European Union. · Biden outlines a plan for fighting inflation. · Oil will continue spiking because of Biden, not Putin. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com by 7/15 and mention my name for 50% off your initial consultation. Thanks https://truebill.com/gold. It could save you hundreds a year. Join my Locals community to get
Jun 1, 2022 • 55:32
Don’t Buy a Bear Market Rally – Ep 814
· Bull trap fooling investors. · Bitcoin did not participate in the rally. · Homeowners will make money as debtors. · The Fed postponing recession will result in decades of inflation. Thanks https://avast.com! Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals
May 29, 2022 • 58:28
🔴 The Devil Returns to Collect America’s Soul – Ep 813
· Dow on its longest losing streak in 100 years. · Snapchat implodes. · Gap and Abercrombie & Fitch investors learn a hard lesson. · Inflation can no longer be solved with higher interest rates. · Even rigged CPI can’t hide rising prices now. · Ruble strength proves sanctions didn’t work. · Bitcoin shows surprising resilience... for now. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer good for a limited time Get $300 off and FREE shipping at
May 25, 2022 • 1:01:50
It Was the “Strong” Economy That Was Transitory – Ep 812
· Dow and S&P see biggest drop since the pandemic. · Walmart was the jab. Target was the knockout punch. · Swiss Franc and Japanese Yen show strength. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access t
May 20, 2022 • 53:35
Powell Admits Soft Landing May Be Bumpy – Ep 811
· Americans are spending more, but buying less. · Jeff Bezos calls out Joe Biden. · Businesses are absorbing costs, not gouging prices. · Ben Bernanke is right about Bitcoin. · Brace yourself for an economic crash. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Thanks, Tommy John Get 20% off your 1st order https://tommyjohn.com/gold. See site for details. Join my Locals community to get The Peter Schiff Show ad-fre
May 18, 2022 • 1:03:59
Consumers Worried About Inflation. Investors Worried About the Fight. – Ep 810
· More downside to go as investors panic buy stocks. · Robinhood will ultimately go bankrupt. · Jerome Powell gets reappointed as Fed chair. · Consumers are borrowing more, despite rate hikes. · Oil positioning for a big move up. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit htt
May 15, 2022 • 55:18
Bitcoin May Luna After All – Ep 809
· Gold and silver remain strong while gold and silver miners continue caving. · Lisa Cook was not the most qualified person for the FOMC. · Neel Kashkari had a Freudian slip. · Companies are imploding and massive layoffs are coming. · Crypto is collapsing. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer good for a limited time Join my Locals community
May 12, 2022 • 1:00:49
Black Monday 2: Electric Boogaloo – Ep 808
· Investors resorted to indiscriminate selling amidst today’s carnage. · The Fed can’t do the impossible. · Housing foreclosures will go through the roof. · Covid shutdowns were just a dress rehearsal for what’s coming next. · Weak hands sold precious metals today. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special
May 10, 2022 • 41:33
The Fed Has Already Lost the Inflation Fight – Ep 807
· Stock market gets clobbered. · Crypto market gets clobbered. · Markets still closer to the top than the bottom. · Productivity sees biggest drop since 1947. · We may already be in an inflationary depression. Thanks https://avast.com! Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on F
May 7, 2022 • 52:47
Fed Hawks Turn Chicken – Ep 806
· Fed raises benchmark interest rates higher than it has in 20 years. · Lyft stock hits 52 week low. · Jerome Powell admires Paul Volcker, but not for his policies. · New York Times argues for less courage and more cowardice. Get an extra 3 months. https://expressvpn.com/gold Cut your wireless bill to $15/month at https://mintmobile.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://pete
May 5, 2022 • 50:54
GDP & Stocks Down + Inflation Up = Recession – Ep 805
· NASDAQ has worst first 4 months since 1971. · S&P has worst first 4 months since 1939. · FANG stocks enter bear market. · Prices increasing faster than wages. · Cathie Wood is the guru of mindless meme stock investing. · Bitcoin HODLers are deer staring into the headlights of a Mack truck. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks Athletic Greens. Go to https://athleticgreens.com/peter to get a FREE 1
May 1, 2022 • 56:16
Outrageous Positive Spin on Negative GDP – Ep 804
· Mortgage are rates too high for anyone to refinance for better rates. · Markets rally on horrific economic news. · Russia ranks higher than Ukraine in economic freedom. Go to https://bambee.com/gold to schedule your FREE HR audit. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Face
Apr 29, 2022 • 45:55
Good Politics Is Bad Economics – Ep 803
· Elon Musk buys Twitter. · NASDAQ has weakest day since September of 2020. · Indonesia bans palm oil exports. · Bad politics are good for the economy. Go to https://novo.co/gold and get your FREE business checking account Get $300 off and FREE shipping at https://liveouter.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: htt
Apr 27, 2022 • 53:15
Investors on High Wire Without Fed’s Net – Ep 802
· Jerome Powell triggers market selloff after IMF roundtable comments. · Higher inflation is lowering the minimum wage’s barrier of entry. · Bill Ackman loses almost half a billion dollars on his recent Netflix bet. · Bitcoin will crash hard once Paul Tudor Jones bails on it. · Elon Musk’s Twitter funding is dangerous for Tesla’s stock. · Cathie Wood’s ARK Innovation Fund may hit new lows on Monday. · Loses are just getting started in Anthony Scaramucci’s Skybridge funds. · FOMC egos are the onl
Apr 23, 2022 • 1:01:45
The Inflation Monster May Devastate Japan First – Ep 801
· Netflix loses subscribers. · Incomes are collapsing at an unprecedented rate. · We're probably in a bear market that will last at least a decade. · Slow motion disaster is playing out in Japan. · Sanctions may end up benefiting Russia. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through 4/30/22 Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit
Apr 20, 2022 • 40:22
Risk of Market Crash Keeps Rising – Ep 800
· If the bond market doesn’t crash, the stock market will. · Weakness continues in tech and crypto. · Gold and silver mining stocks show strength. · We’ve never had this much inflation and the Fed has never been this far behind the curve. · Elon Musk is bluffing. Thanks https://avast.com! Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus g
Apr 16, 2022 • 1:00:18
Peak Inflation Is Wishful Thinking – Ep 799
* Inflation is double what the Fed admits. * March budget deficit is quadruple consensus expectations. * Bitcoin struggles. * The retired won’t be able to stay retired much longer. * Dollar outlier signals its last hurrah. Thanks Tommy John Get 20% off your 1st order https://tommyjohn.com/gold. See site for details. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.c
Apr 13, 2022 • 40:16
Something’s Gotta Give – Ep 798
* Bond bulls haven’t thrown in the towel yet. * Biden wants to expand Obamacare. * Bitcoin moves from diamond hands to paper hands. Get an extra 3 months. https://expressvpn.com/gold Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https:
Apr 10, 2022 • 1:05:42
It’s Much Later Than the Fed Thinks – Ep 797
* You can't have normal interest rates unless you have normal inflation. * Politicians are pandering to crypto enthusiasts. * Peter Thiel delivers pie in the sky speech at Miami Bitcoin Conference. * The only time government can do good, is when it undoes bad things it’s previously done. * The constitution doesn’t authorize the federal government to ban marijuana or any other drugs. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer va
Apr 8, 2022 • 1:05:04
Fed Doves Pretending to Be Inflation Hawks Are Chickenhawks – Ep 796
* Bond market continues getting beaten up. * Lael Brainard spooks the markets with sudden hawk talk. * When you live in a glass White House, don’t throw stones. * Sanctions created a bottom and bull market for the Russian ruble. Join me and other world class speakers on the Traders Summit live online conference 8th-10th April! Register FREE here with one click: https://tradersummit.net/event-2022/?ref=1012 Join my Locals community to get The Peter Schiff Show ad-free and a day early
Apr 6, 2022 • 43:56
Q1 Ends as Market and Economic Pain Begins – Ep 795
* Fools bought the dip in March. * Don’t wait to sell in May and go away. * Cathie Wood turns down debate invitation. * Meme stocks pumped, peaked, and dumped. * Dollar’s tailwind in Q1 will become a headwind in Q2. * Bonds suffer their worst quarter in 40 years. * Commodities experience their best quarter in 32 years. * America is headed for stagflation. Go to https://bambee.com/gold to schedule your FREE HR audit. Thanks Athletic Greens. Go to https://athleticgreens.com/pe
Apr 2, 2022 • 56:22
German CPI Exposes ECB’s Low Inflation Lies – Ep 794
* Europe has a serious inflation problem. * The ECB says the cost of living isn’t rising fast enough. * Politicians and central bankers are using covid and Putin as scapegoats for inflation. * The bigger the government, the bigger the problems. * Gold and oil react to peace talks in Ukraine. Get $300 off and FREE shipping at https://liveouter.com/gold INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP
Mar 31, 2022 • 44:41
The Fed Will Be Turning Japanese, I Really Think So – Ep 793
* Japanese will pay higher taxes, officially or through inflation. * All bonds, not just treasuries, will fall in price. * Biden calls for new wealth tax. Thanks https://avast.com! Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.Schif
Mar 28, 2022 • 55:41
Stock Investors Bathing in Bond Blood Bath – Ep 792
* Bond market has worst quarter since 1980. * Recession will not take care of inflation. * Mortgage rates will double far sooner than income. * Gold stocks outperforming tech stocks is a sign of things changing. * Biden will prolong the Russian invasion to scapegoat inflation crisis. * Ukraine is fighting for sovereignty, not freedom. * Idiot reporter asks Biden stupidest question ever. Thanks https://avast.com! Go to https://athleticgreens.com/peter to get a FREE 1 year suppl
Mar 26, 2022 • 1:03:39
Government Solutions Worsen Every Problem Government Creates – Ep 791
* Stocks are going up and down while gold is just going up. * Bond prices are a function of government intervention and nothing else. * Bitcoin, tech, and meme stocks caught up in bear market rally. * Democrats’ Gas Rebate Act will fuel the inflation fire. Go to https://novo.co/gold and get your FREE business checking account INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: htt
Mar 25, 2022 • 39:53
Inflation Far Bigger Threat Than Investors Expect – Ep 790
* Everything-is-awesome attitude won’t last long much longer. * Stagflation is here. * This round of QE won’t be like the last 4. * The economy has never been as addicted to cheap money as it is now. * Bond investors will begin to realize that bonds are mispriced. * We’ve been making our inflation bed for years and now it’s time to lay in it. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through 3/31/22. Thanks https://tr
Mar 23, 2022 • 58:36
Stocks Soar as My Reputation Tanks – Ep 789
* Investors buy the fact after selling the rumor. * Fed will raise rates until it can’t. * The emperor’s new clothes is Zelensky’s t-shirt. Thanks Tru Niagen. Save 20% on your first purchase at https://truniagen.com/peter with code PETER Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN U
Mar 19, 2022 • 54:09
The Most Anticipated Yet Least Significant Rate Hike Ever – Ep 788
* Elizabeth Warren blames covid and corporations for problems caused by Congress. * Bond market thinks the recession will cure inflation; it won't. * Congressional staffers get a huge pay raise, paid by taxpayers. * Small rate hikes will hurt the stock market, not the gold market. * Fed is doing the minimum it can get away with to try to save face. * You live by low interest rates, you die by high interest rates. One-of-a-kind financing program at https://netsuite.com/gold Thank
Mar 17, 2022 • 1:05:53
The U.S. Has More to Lose Than Russia – Ep 787
* Record highs coming for oil. * Dollar rallies into its last hurrah. * Don’t throw stones when you live in a glass White House. * Consumers wrongfully expecting inflation relief. * Russia is not causing inflation, the U.S. government is. * Biden is interfering with job creation, not improving it. * Inflation is one of the few things still made in America. Go to https://novo.co/gold and get your FREE business checking account. https://babbel.com promo code GOLD to get 3 additi
Mar 12, 2022 • 55:05
Gold Is the Safest Haven – Ep 786
* Joe Biden’s executive order will hurt Bitcoin. * Elizabeth Warren has a deep seated hatred for Bitcoin. * Biden displays cringe level hypocrisy on oil companies. * Gold miners will make far more money than investors think. * Watch out for gold scams. Get an extra 3 months. https://expressvpn.com/gold. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://ww
Mar 11, 2022 • 54:33
Gold to the Moon, Bitcoin Stuck on Earth – Ep 785
* Biden bans Russian imports. * Oil push higher. * Dow enters into correction territory. * S&P plunges deeper into correction. * Russell 2000 and NASDAQ enter bear markets. * Gold hits new all time high. * US economy hemorrhaging red ink. * Bitcoin is setting up for a crash to zero. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through 3/31/22 Cut your wireless bill to $15/month at https://mintmobile.com/gold INV
Mar 9, 2022 • 55:58
The Road to Debt Monetization Is Paved With Good Intentions – Ep 784
* China will begin selling more US dollars and treasuries. * Food and energy prices surge. * Biden’s State of the Union was misinformation. * Jerome Powell skips SOTU to prepare his own lies. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http
Mar 5, 2022 • 58:47
Russia Is the Newest Excuse Variant – Ep 783
* Russian economy gets cut off from the world. * Russian stocks obliterated. * Investors should stop questioning gold and start buying it. * Russia will replace Covid as the Fed’s scapegoat. * As the streets get bloodier, the opportunities get bigger. Thanks https://avast.com! INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://w
Mar 1, 2022 • 43:27
Biden’s Supreme Court Pick Will Ignore the Constitution – Ep 782
* Democrats hate the constitution. * The constitution doesn’t need to be interpreted. * Republics protect the minority from the majority. * Founding fathers warned of the evils of democracy. * You can’t have liberty in a democracy, but you can in a republic. * The constitution was written to protect against democracy. * The government that governs best, governs least. Go to https://bambee.com/gold to schedule your FREE HR audit. Thanks https://avast.com! INVEST LIKE ME: https
Feb 26, 2022 • 53:19
What if the World Sanctions America? – Ep 781
* Russian stock market loses big. * Gold’s bullish story strengthens. * Sanctions will have ramifications beyond Russian borders. * Joe Biden does a premature victory dance. Thanks https://truebill.com/gold. it could save you hundreds a year. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest
Feb 25, 2022 • 43:22
Sanctions for Russia Mean Higher Inflation for America – Ep 780
* Bad presidents, like Joe Biden, do not deserve to be honored on Presidents Day. * George Washington was the greatest American in history. * Joe Biden avoids taking questions to avoid giving stupid answers. * Government’s solution to the energy crisis will be rearranging the deck chairs on the Titanic. * NATO should have been disbanded with the fall of the Soviet Union. * Bitcoin leads risk assets lower, in the opposite direction of gold. * Markets are reacting more to inflation
Feb 23, 2022 • 50:39
Recession Will Make the Inflation Problem Worse – Ep 779
* Supply will decrease faster than demand. * Fed will fight recession with more inflation. * Democrats bribing voters with gas tax holiday. * American investors watching their wealth evaporate. * Falling Bitcoin proves it’s a poor hedge against the rising inflation. * Russia invading Ukraine is the noise. Inflation is the music. * Dry powder in cash is getting wet. * The trend is not your friend if you’re Cathie Wood. Thanks Ladder Life Insurance. Go to https://ladderlife.com
Feb 19, 2022 • 56:11
The Fed Is Running Out of Minutes – Ep 778
* Economic data blows away expectations. * Wages are a price and prices are going up because of inflation. * Keynesians can’t even follow their own playbook. * Real demand is determined by supply. * Don’t take free heroin just because you don’t want to waste it. * Fed hawks went the way of the dodo bird. * Fed policy is the opposite of Teddy Roosevelt’s Big Stick policy. One-of-a-kind financing program at https://netsuite.com/gold INVEST LIKE ME: https://schiffradio.com/invest
Feb 17, 2022 • 45:47
It’s Mission Impossible for the Fed – Ep 777
* Value stocks becoming the new momentum stocks. * Previous momentum stocks pick up momentum in the wrong direction. * Bitcoin’s reaction to Russia Ukraine tensions prove it’s the opposite of a safe haven. * Consumer sentiment at its gloomiest in 11 years. * Worst inflation numbers since 1982. * Companies like Peloton hiding their price increases in delivery and service fees. * Government is deliberately cooking the books on the CPI. Get an extra 3 months. https://expressvpn.co
Feb 12, 2022 • 1:02:08
Markets Miss Important Fed Admission – Ep 776
* Momentum stocks rally. * Gold inches higher under everyone’s radar. * Investors distracted by Bitcoin’s bear market rally. * Atlanta Fed President Bostic admits policy will be less loose, not tight. * Original CPI change was intended as a stealth way to cut social security. * Unemployment numbers don’t count people with covid. * New jobs are currently being created by statisticians, not employers. Free $75 credit to boost your post at https://indeed.com/peter. Terms and condi
Feb 10, 2022 • 55:15
The Fed Will Lose an Inflation Fight – Ep 775
* Surprise earnings send Nasdaq on a roller coaster. * Companies are paying the price for not raising their prices. * Bitcoin trading above $40k, perhaps for the last time. * $10/gallon gasoline on the horizon. * Rising Euro will be problematic for the US economy. * Jobs report reveals strength in inflation, not the labor market. * Gold market shows investors are waking up to the Fed’s failing inflation fight. * Markets punish discrimination; government rewards discrimination.
Feb 5, 2022 • 1:11:55
Sell the Rip, Don’t Buy the Dip – Ep 774
* The stock market is rotating, not crashing. * Weak economic data will make it harder for the Fed to tighten. * Fed may begin blaming rising oil prices on economic slowdown. * Market will assign premium to companies producing earnings and paying dividends. * Facebook abandons their cryptocurrency project, Libra. * 6 more weeks of winter is nothing compare to the crypto winter ahead. * National debt reaches $30 Trillion. * The dollar is Monopoly money held up by a giant Ponzi sc
Feb 3, 2022 • 43:46
The Bigger the Bubble, the Smaller the Pin – Ep 773
* January could end up being the worst month ever in the stock market. * Worst is yet to come for Robinhood. * Fed’s hawkish talk pushing the dollar higher and gold lower. * Value investments continue to outperform growth investments. * Consumers are buying less, but spending more. Thanks Tru Niagen. Save 20% on your first purchase at https://truniagen.com/peter with code PETER INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/Pe
Jan 29, 2022 • 52:06
No Pivot: Powell Put Expires – Ep 772
* Jerome Powell surprises no one in FOMC meeting. * Tesla is not Microsoft. * Hedge fund sharks will smell blood on Cathie Wood. * Bullish gold news ignored by traders. * Powell confuses economic strength for an economic bubble. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through March 31st INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP
Jan 27, 2022 • 46:11
A Stock and Crypto Reversal, but Not a Bottom – Ep 771
* Stocks pump on potential Powell pivot. * Fed trying to prevent its credibility and the market from imploding. * More than two thirds of Bitcoin holders are underwater on their purchase. * The gold standard didn’t fail. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: htt
Jan 25, 2022 • 46:17
Risk Assets Crash Tests Fed’s Resolve – Ep 770
* Fed’s talk pricked the mother of all bubbles. * Netflix becomes a victim of its own success. * Cathie Wood’s ARKK fund sees an entire bear market in one week. * Investors are no longer taking refuge in the US dollar. * Tether is an accident waiting to happen. * Pumpers are now conceding that Bitcoin is correlated to risk assets. * There is no basis for owning Bitcoin. Go to https://bambee.com/gold to schedule your FREE HR audit. Thanks Tru Niagen. Save 20% on your first purc
Jan 22, 2022 • 1:01:51
The Most Obvious Crisis Almost No One Saw Coming – Ep 769
* Stock market is in bad shape, but bond market is worse. * Silver rallies. * Any negative yield in bonds is a positive for gold. * Numbers on economy getting weaker as numbers on inflation get stronger. * Fed can’t fix an inflation induced recession with more inflationary policies. * The crash I wrote about in my 2007 book, Crashproof, is happening right now. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features.
Jan 19, 2022 • 40:26
2022 Kicks off the Great Rotation – Ep 768
* Oil prices headed for record highs. * Massive rotation from growth stocks to value stocks in effect. * Investors rushing to dump Cathie Wood’s ARKK fund. * Grayscale Bitcoin Trust follows growth stocks decline. * Gold will follow oil’s breakout. * Lael Brainard should be fired, not promoted. * The Fed is saving some jobs… the unproductive ones. * Quantitative Easing has a disproportionately negative impact on minorities. Thanks https://truebill.com/gold. it could save you h
Jan 15, 2022 • 55:45
Fed Unveils Field of Dreams Monetary Policy – Ep 767
* Official CPI is at its worst in 39 years. * Real CPI is at its worst in history. * Investors beginning to realize that the Fed is too little too late. * Elizabeth Warren wants the Fed to blame inflation on price gouging. * Democrats are laying the foundation for price controls. * Paul Tudor Jones believes Bitcoin will do poorly in 2022. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through March 31, 2022. One-of-a-kin
Jan 13, 2022 • 1:18:41
Less Loose Will Lower Markets, Not Inflation – Ep 766
* Stock market off to a bad start for first week of trading in 2022. * Fed minutes send bond markets tanking. * Investors spooked out of speculative bets and into commodities. * Inflation pressure building on producers and consumers. * Workers fall further behind as prices increase faster than wages. * Bitcoin chart looking ominous. * El Salvador is underwater on their Bitcoin bet. * Microstrategy balance sheet will soon have a big hole in it soon. * Michael Saylor talks out o
Jan 8, 2022 • 1:08:18
The Year of Living Dangerously in Review – Ep 765
Peak speculation in 2021 lead to meme stocks, silly named crypto, NFTs, and all time record highs for: * Issuance of SPACS * Mergers & acquisitions * Corporate buy-backs * IPOs from money losing companies * IPOs from regular companies * Home loans * Trade deficit * Government borrowing in a non-recession year * Bitcoin price Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Cut your wireless bill to $15/month at
Jan 5, 2022 • 1:00:41
2021: A Year of Peak Speculation – Ep 764
* Everyone is talking about inflation. * Fed is re-rigging the CPI again to hide increasing inflation. * Strong economies create surpluses, not deficits. * US is importing more and exporting less. * Prices up on lumber and other commodities. * Bitcoin stole gold’s thunder in 2021. * 2021 was a great year for Bitcoin sellers, but not buyers. Go to https://bambee.com/gold to schedule your FREE HR audit. Thanks Tru Niagen. Save 10% on your first purchase at https://truniage
Dec 31, 2021 • 58:11
Peak Inflation Is Nowhere in Sight – Ep 763
* Santa Claus rally comes early. * Even Fed’s sugarcoated data shows inflation twice has high as their target. * Gold may be turning its $1800 ceiling into a floor. * Bitcoin pumps with risk assets. * Record GBTC discount shows investors are losing interest in Bitcoin. * Inflation will peak when people least expect it. * Elon Musk wrote the biggest tax check to the US government in history. * Elizabeth Warren is a freeloader. Go to https://bambee.com/gold to schedule yo
Dec 24, 2021 • 1:11:36
The Era of Low Inflation Was Transitory – Ep 762
* Chinese imports have kept a lid on goods prices, but not services. * Dollar will decline when foreign investors no longer want US stocks. * We now have more inflation and less ability to deal with it than in the 1970s. * US may soon trade used American cars for used Chinese bikes. * The US Dollar is still backed by more than Bitcoin is. Thanks https://avast.com! Thanks Mack Weldon. For 20% off your first order, visit https://mackweldon.com/gold with promo code GOLD INVEST
Dec 18, 2021 • 58:58
A Dove Can’t Change Its Feathers – Ep 761
* Elizabeth Warren blames inflation on greedy business owners. * Producers aren’t price gouging. They’re being gouged. * Fed should stop QE now, not just taper it. * Retail consumers are buying less and paying more. * Congress raises the debt ceiling $2.5 Trillion. * History will judge Jerome Powell before his second term ends. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Free $75 credit to upgrade your post at
Dec 16, 2021 • 1:00:56
Government Rigged the CPI to Understate Inflation – Ep 760
* October and November see biggest back to back CPI increase of the year. * 2021 inflation was worse than any year in the 1970s. * Rigged CPI adds to government revenue. * Jussie Smollett hangs himself with fake noose story. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks Theragun. Go to https://therabody.com/peter to try Theragun for THIRTY-DAYS starting at $199. INVEST LIKE ME: https://schiffradi
Dec 11, 2021 • 1:09:22
Crypto Hearing: Irony, Lies, and Hypocrisy – Ep 759
* Bitcoin continues to lose ground to Ethereum. * Maxine Waters leads Congressional hearing on crypto. * FDIC made banking less safe. * Bitcoin competes with 14,000 other cryptocurrencies, but not the US dollar. * Michael Saylor sails off the deep end. * Bitcoin will lead to greater racial divide in wealth. * Discount on Grayscale Bitcoin Trust shows institutions are not rushing into Bitcoin. * Ark Invest launches new Transparency ETF. * Cathie Wood is the epitome of “this
Dec 10, 2021 • 1:02:29
A Fed Policy Error That Will Live In Infamy – Ep 758
* Markets recover most all of their Black Friday losses. * Fed can’t fight inflation without deflating inflated economic bubble. * Data shows biggest drop in productivity in 62 years. * Consumer prices are headed much higher. * Real wages are headed much lower. * Bitcoin is a lousy store of value in terms of Ethereum. * Americans made real sacrifices during World War 2, not during the war on Covid. * US would have to fund a war with China by borrowing money from China.
Dec 8, 2021 • 55:10
Do Weak Stocks in Dec. Portend Fed Ease in Jan? – Ep 757
* Nasdaq suffers worst start to December in 20 years. * Stay-at-home darling stocks crash with no bottom in sight. * Covid is the gift that keeps on giving the Fed excuses. * Real unemployment rate is much higher than 10%. * Biggest fools now are those buying Bitcoin. * Maxine Waters pats herself on the back for giving away other people’s money. * Janet Yellen wants to postpone big catastrophe now for bigger catastrophe later. * Jerome Powell admits he now sees a substantial
Dec 4, 2021 • 1:10:46
Powell Finally Admits Inflation Isn’t Transitory – Ep 756
* Dow down over 1300 points in 2 days over Omicron variant concerns. * Bubble market found its pin. * Powell is essentially a member of the Biden administration. * The only tools the Fed has left will destroy the bubble economy if they use them. * Powell lies about the credit worthiness of the US. * Ray Dalio says the only thing the Fed will successfully raise will be prices. * Build Back better targets the middle class with new bank account monitoring. Free $75 credit to
Dec 1, 2021 • 57:17
Black Friday Leaves Investors Black and Blue – Ep 755
* Covid crashes market again with new Omicron Strain. * Dow suffers its worst drop since Covid lockdowns started. * Investors choose Euro and Swiss Franc over US Dollar as safe haven. * Markets begin pricing out rate hikes that they previously priced in. * Smart money dumps crypto while dumb money buys the dips. Thanks Tru Niagen. Save 10% on your first purchase at https://truniagen.com/peter with code PETER Mene's 24k gold jewelry is giving my listeners 5% off their purchas
Nov 27, 2021 • 42:24
Thanksgiving: How Capitalism Saved America From Socialism – Ep 754
* 2021 marks the most expensive Thanksgiving dinner ever. * Oil companies can’t pump oil as fast as the Fed can print money. * Pilgrims set sail for Communism, but landed on Capitalism. * Desperate Americans look to crypto as a ticket to wealth. * Bitcoin is fiat and people will lose faith in it like other fiats. * Alex Mashinsky of Celsius tells desperate Americans to take out loans to buy Bitcoin. * CNBC hosts an hour-long special shilling Bitcoin. * Cathie Woods is bullis
Nov 25, 2021 • 1:02:31
The Devil You Know Is Still a Devil – Ep 753
* Biden reappoints Powel as Fed Chairman and promotes Brainard to Vice Chair. * Gold sells off and dollar rises on Fed news. * Investors worried about inflation under Powell two days ago now celebrate Powell’s reappointment. * If Biden wanted to fight inflation, he’d stop creating it. * Generation of entitled American socialists don’t think stealing is wrong. * MSNBC promotes racism. * Law abiding citizens don’t use cars or guns to kill people. * Rittenhouse trial being used
Nov 24, 2021 • 58:48
Rittenhouse Innocent, Government Guilty on All Accounts – Ep 752
* Socialists are the only ones who believe Biden’s bill will Build Back Better. * Democrats accidentally admit that inflation is caused by expanding deficit and money printing. * The rich don’t have to cheat on their taxes like the middle class does. * Government wants to give all workers a 4 week paid vacation every year. * Government attack on civil liberties has crypto crowd concerned. * Kyle Rittenhouse innocent on all accounts. Thanks https://avast.com! Thanks https:/
Nov 20, 2021 • 1:01:08
Government Recycles 1970s Inflation Propaganda – Ep 751
* Janet Yellen lies to the nation. * The Fed doesn’t want to let the peoples’ cost of living decrease. * 2% inflation isn’t a target; it’s a floor. * Retail investors move from bubble to bubble without learning any lessons. * Sell your Bitcoin before Logan Paul’s audience does. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 2021. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold tod
Nov 17, 2021 • 58:33
Fed’s Credibility Is Transitory, Not Inflation – Ep 750
* CPI data heavily contradicts Fed’s transitory inflation narrative. * Reagan was more popular during a recession than Biden is during this “booming” economy. * The government has too much money on the line not to lie about inflation. * Media’s bias taints their inflation reporting. * Federal Reserve can print money, but they can’t print stuff. * Biden’s Build Back Better plan would have even Keynes rolling in his grave. * Biden considers releasing US strategic oil reserves to
Nov 13, 2021 • 1:15:49
Consumers on the Hook for Rising Producer Prices – Ep 749
* Supply shortages exacerbated by consumers reading the inflation writing on the wall. * Gas prices at the pump close to all time record highs in most of the country. * Dollar is being propped up by taper. * The crypto market has flipped the gold market. * Joe Biden looks to replace Jerome Powell with Lael Brainard. * Is Elon Musk sending a message to the government, or is he trying to sneak out of his overpriced Tesla stock? * Government should be financed through consumption
Nov 10, 2021 • 1:07:15
Gold’s Surprise Rally Shows Sellers Are Exhausted – Ep 748
* Press knows Biden doesn’t have the aptitude to even answer softball questions. * Record high stock market eyes blue skies ahead. * As Peloton bikes become overpriced clothes racks, Peloton stock becomes dirty laundry. * Gold may end up being the pin that pricks the Bitcoin bubble. * The IRS tricked the middle class. Get your new wireless plan for just $15 a month. https://mintmobile.com/gold Thanks Mack Weldon. For 20% off your first order, visit https://mackweldon.com/gol
Nov 6, 2021 • 1:03:04
Fed Finally Launches the Taper, Now What? – Ep 747
* Markets blessed Fed’s decision to begin tapering. * Jerome Powell says economy is healthy, but requires monetary policy of an economy in crisis. * Full employment is subjective and rarely achieved. * Powellnomics: It’s inappropriate to have interest rates above 0% in an economy that’s not at 100% employment. * Fed knows the economy is hanging by a threads, and that thread is 0% interest rates. * It doesn’t matter who the President of the United States is. What matters is who r
Nov 4, 2021 • 55:47
Shiba Inu Highlights Bitcoin’s Lack of Scarcity – Ep 746
* Nasdaq and S&P finish the week strong. * Robinhood closes the week near its all time low. * Newmont leads gold mining stocks lower. * Gold mines don’t lose missed earnings, they postpone them. * Crypto ships will rise and sink on the same tide of fear and greed. * Inflation is driving up labor costs. * Hypocrisy is the one thing all politicians have in common. Thanks https://avast.com! Thanks https://truebill.com/gold. It could save you hundreds a year. INVEST LIK
Oct 30, 2021 • 56:24
Markets Can’t Ignore Exploding Trade Deficits Forever – Ep 745
* US dollar would tank if traders understood implications of economic data. * Trade deficit continues to break records month after month. * Strong economies have trade surpluses; we have a bubble economy. * We’re only consuming and importing because we’re printing a currency the world still values. * Massive trade deficits aren’t a problem until they’re a crisis. * Government pretends rights are privileges so it can tax them. * Moral hazard and rampant fraud will ramp up child
Oct 29, 2021 • 44:38
Irrational Exuberance on Steroids – Ep 744
* Elon Musk needs a rocket ship to find Tesla’s PE. * Bakkt Holdings rises on crypto partnership with MasterCard. * Jack Dorsey warns of imminent hyperinflation. * Stanley Druckenmiller doesn’t realize the Fed is the problem. * When politicians aim their weapons at the billionaires, they always hit the middle class the hardest. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 2021. Go to https://ba
Oct 27, 2021 • 59:12
Written off for Dead, Gold Comes Back to Life – Ep 743
* Netflix and Tesla stocks make all time highs. * Trump SPAC makes a splash. * Investors buying WeWork SPAC are putting lipstick on a pig. * Gold price gains on inflation news, which means bigger gains may be around the corner. * Oil price increases while oil production decreases. * Inflation in 2022 will eclipse inflation in 2021. * Weak economic indicators signal the opposite of a booming economy. * Inflation is the government’s silent partner. * America’s increased spen
Oct 23, 2021 • 1:01:37
Inflation Is Not the Price of Prosperity – Ep 742
* Bonds are never a safe haven against inflation. * Consumers can’t afford to buy houses for what it costs builders to construct them. * Zillow bails on home flipping business. * Biden describes inflation as a high class problem. * US government now using Soviet propaganda tactics to explain inflation. * Bitcoin futures ETF BITO is the antithesis of what Bitcoin is supposed to stand for. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions
Oct 20, 2021 • 55:01
Soaring Inflation Suppresses Consumer Confidence – Ep 741
* Markets turn risk on. * Producer prices rise to levels not seen since peak inflation of the 1970s. * Inflation is double the Fed’s benchmark now and will be triple by year end. * Bitcoin rallies on ETF news, but will likely sell off on ETF launch. * Putting profits first is putting people first. * The Art Institute of Chicago fires their volunteer staff for the color of their skin. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re inst
Oct 16, 2021 • 1:07:48
Entering an Inflation Super Cycle – Ep 740
* Expecting accurate inflation reports from the government is like expecting accurate crime reports from the mafia. * Dollar falls and gold rises as investors begin to see through Fed’s fantasies. * Inflation is here to stay and markets may finally be acknowledging that reality. * Only the government can make the prices of everything go up all at once. * Biden risks the health of journalists so he can create the appearance of press conferences. * The crypto casino is an even big
Oct 14, 2021 • 59:15
Weak Jobs & Bonds + Strong Oil = Stagflation – Ep 739
* Jobs numbers come in lower than anyone expected. * Investors aren’t buying gold as an inflation hedge because they don’t think there is any real inflation to hedge. * Buying gold won’t be as hard as selling bitcoin. * US lead tax cartel pushing the world to less freedom through collusion. Go to https://bambee.com/gold to schedule your FREE HR audit. Get an extra 3 months Free on a one year package. https://expressvpn.com/gold INVEST LIKE ME: https://schiffradio.com/invest
Oct 9, 2021 • 51:49
Inflation Burns While the Fed Fiddles – Ep 738
* Gold stocks going down because investors are disappointed they aren’t going up. * Fed President Jim Bullard admits inflation is here to stay. * The digital revolution has made gold more valuable than ever. * Jerome Powell on the chopping block means the Fed’s composition may soon change for the worse * Janet Yellen wants to remove the debt ceiling entirely. * The individual is above society. * The federal government uses extortion to circumvent the constitution. Get you
Oct 6, 2021 • 58:35
Government Creates Problems. Its Solutions Make Them Worse – Ep 737
* Markets rally on news of Merck Covid pill. * Drug efficacy should be left to the market, not the government. * FDA sacrifices human beings like lab rats. * Ray Dalio chooses gold over Bitcoin. * Home sales numbers are exaggerated by institutional flippers. * Zillow shareholders set up for huge losses. * Government involvement in education has driven costs up and quality down. Thanks https://avast.com! INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on F
Oct 2, 2021 • 1:01:04
Powell Sings a Different Tune – Ep 736
* Political theater plays out over the debt ceiling. * US was biggest gainer from low interest rates, but will be biggest losers when rates are high. * IRS continues its attack on lower and middle income Americans. * Getting into bed with the government will get you screwed. * Cost of having a bank account will get more expensive. Thanks Tru Niagen. Save 10% on your first purchase at https://truniagen.com/peter with code PETER INVEST LIKE ME: https://schiffradio.com/invest
Oct 1, 2021 • 54:15
Inflation Talk Tanks Markets – Ep 735
* Fed has become an arm of the US Treasury. * Powell admits inflation problem is bigger and worse than he predicted. * Investors rush back into energy stocks. * Natural gas prices hit multi-year high. * Taper trades are in; markets moving back into the inflation trade. * Janet Yellen would be fired and sued if she managed a private company’s treasury like this. Go to https://bambee.com/gold to schedule your FREE HR audit. Free $75 credit to upgrade your post at https://ind
Sep 29, 2021 • 56:20
Taper Already Priced In. Now What? – Ep 734
* Less dovish is not hawkish. * Mother of all bear markets in bonds may have just begun. * Republicans only care about deficits and spending when Democrats are in charge. * Plans for minting $1 trillion platinum coin would officially make the U.S. a banana republic. * Increase in home inventory could lead to decrease in home prices. * Standard of living will drop for American service workers as their pay decreases and the prices of products they buy increase. * Bitcoin can’t
Sep 25, 2021 • 1:07:50
The Fed That Cried Taper – Ep 733
* Fed says the economy is great, but they will maintain the emergency policies they put in place when the economy was terrible. * Fed will always choose to fight unemployment over #inflation. * Fed turns blind eye to inflation because the alternative is a complete economic implosion. * Fed’s policies disproportionately hurt African Americans. * Republicans only care about the debt ceiling when they can use it as a political weapon. * Jerome Powell dismisses concerns over #Evergr
Sep 23, 2021 • 45:30
Paying More, but Buying Less – Ep 732
* China won’t let Evergrande be the next Lehman Brothers. * Fed took us 1 step forward and 100 steps back. * Higher retail sales doesn’t mean consumers are buying more. * Americans are least likely to buy a new car since 1974. * Sweden sets successful example for dealing with Covid. * America is worse off for invading Iraq. Go to https://Bambee.com/gold to schedule your FREE HR audit. For a limited time, get 40% off a Calm Premium subscription at https://Calm.com/gold INV
Sep 18, 2021 • 54:58
When There’s Too Much Money, There’s Never Enough Stuff – Ep 731
* Take the CPI numbers with a grain of salt. * The CPI will catch up to the PPI. * Fed’s new definition of transitory means a permanent reduction in standard of living. * The problem isn’t a shortage of stuff, it’s an excess of money. * Inflation is always and everywhere a monetary phenomenon. * Consumers are expecting higher prices. * Gold stocks mark potential turning point. * Inflation will pay for government spending, middle class will pay for inflation. * Hedge funds
Sep 15, 2021 • 57:44
Government Is Consistent; It Always Lies – Ep 730
* Producer Price Index numbers come in higher than expected for 9th month in a row. * Inflation trends show no sign of being transitory. * When you properly define inflation, you know exactly who’s causing it. * Bitcoin whales want the minnow’s cash. * There are more job openings than unemployed people. * Left shows its true colors after hate crime against Larry Elder. * Media buries stories of racist Democrats. * The government took away our freedom so the terrorists would
Sep 11, 2021 • 1:06:22
Let’s Replace Labor Day With Entrepreneur Day – Ep 729
* Grover Cleveland was really a libertarian and one of our greatest presidents. * The populist movement lead to Labor Day and ultimately in 1913 to the The Federal Income tax, The Federal Reserve, and the popular election of U.S. Senators. * The Woodrow Wilson presidency proved to be a disaster for America. * Washington incumbents have rigged the system. * Workers have benefited from entrepreneurs, despite the drag of labor unions. * Henry Ford’s risk taking resulted in higher w
Sep 6, 2021 • 59:38
Summer Data Swoon Puts Fall Taper in Doubt – Ep 728
* Jobs numbers disappoint expectations, but Biden brags. * Inflation expectations highest since just before 2008 financial crisis. * AOC pressures Biden to nominate a more woke Fed chair. * Fed causing a lack of savings, which pushes up asset prices and makes the rich richer. * Gold prices calling Fed’s bluff on tightening. * If Bitcoin is better than gold, Ethereum must be better than Bitcoin. * Markets not sure if bad news is good news or if bad news is bad news. Get yo
Sep 4, 2021 • 1:02:02
Tapering the Taper Talk – Ep 727
* Powell offers no clues on taper timetable. * Powell vows to keep interest rates low until QE is finished. * Powel blames price increases on exploding demand and lack of supply. * Powel blames inflation on the public’s expectations. * Fed’s only goal is to delay the inevitable crisis as long as possible. * Invest in gold stocks before they recover ground they never should have lost. * Afghanistan proved to the world that the US is no longer a military or economic super power.
Aug 28, 2021 • 54:20
Less Loose Is Not Tight – Ep 726
* Fed will talk about tapering until it can use Delta as an excuse not to. * Bitcoin is irrelevant to monetary policy. * Accepting Bitcoin for mortgage payments is a publicity stunt, not a use case. * Fed uses owner’s equivalent rent data to hide the scarier actual rent data. * FDR may have killed the dollar, but Nixon helped bury it. Thanks FEALS. Become a member at https://feals.com/gold and you'll get 50% off your first order with free shipping. Thanks https://truebill.co
Aug 21, 2021 • 1:00:25
Stimulus Even Harder to Exit Than Afghanistan – Ep 725
* Markets spooked by CNBC interview with Boston Fed President. * Higher inflation leads to more poverty and a wider wealth gap. * Food stamps are really money stamps. * Media campaigns to soften up the public to inflation. * Stimulus postponed the pain for some, but it’s about to come due. * Jerome Powell warns Americans to prepare for a recession. * Fed created a dollar crisis in response to the looming financial crisis. Thanks Ladder Life Insurance. Go to https://ladder
Aug 18, 2021 • 47:06
Fifty Years of Fiat Failure – Ep 724
* Rising costs increasing producer pricing. * US home prices rising at fastest pace in history while affordability hits record low. * Trade deficit continues its path higher. * Inflation exposed in increased export prices. * The whole of this tightening cycle will be all talk and no rate hikes. * Consumer sentiment goes lower as consumer prices go higher. * Fed in Catch-22 with consumer sentiment. * We left the gold standard 50 years and may soon leave the dollar standard.
Aug 14, 2021 • 57:54
Larger Deficits Mean Higher Inflation – Ep 723
* Gold reacts counterintuitively to inflation fears. * Fed changes the definition of transitory inflation. * Q2 Productivity numbers disappoint analysts. * Biggest government expansion of the welfare state since the New Deal and Great Society. * Elizabeth Warren wants to sick the IRS on the middle class. * AMC tries to pump their stock as a crypto play. * Bitcoin will live and die by the gold sword. Thanks Raycon! Go To https://buyraycon.com/gold for 15% off your entire R
Aug 12, 2021 • 50:00
Markets Move on Fantasy, Ignore Reality – Ep 722
* Wall Street trading on “garbage in, garbage out” algorithm. * Another month, another record trade deficit. * Moratorium on student loan payments extended. * Eviction moratorium will send rent prices skyrocketing. * Supreme Court says eviction moratorium is unconstitutional; Biden extends it anyway. * AOC says we have a supply and demand problem. * CNBC baits Lyft CEO for a Bitcoin headline. Become a Firstleaf member and get 6 bottles of wine for $29.95 and free shipping
Aug 7, 2021 • 1:04:58
Central Banks Have Inflated the Mother of All Bubbles – Ep 721
* Jack Dorsey’s Square acquires Afterpay in largest corporate takeover in Australian history. * Activision discriminates against Republicans, not women. * Black Women’s Equal Pay Day is based on nonsense. * Gender pay gap in women’s soccer is a result of their own choices. Get an extra 3 months Free on a one year package. https:/expressvpn.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWS
Aug 4, 2021 • 1:11:18
Inflation: Stealth Default, Fake Growth – Ep 720
* Inflation creating illusion of economic growth. * Oil prices go up, but energy stocks get beat up. * Fed won’t wage a war on inflation, never mind win it. * Robinhood steals from the poor and gives to a few rich hedge funds. * Saylor’s Bitcoin comparisons are nonsense. Go to https://bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https:/
Jul 31, 2021 • 43:07
It’s Game Over if Investors Call Powell’s Bluff – Ep 719
* Trade deficit isn’t a problem until it’s a crisis. * Home sales fall while home prices rise. * Rent prices increased 25% year over year. * Fed’s only monetary policy is talk. * Markets may have begun calling the Fed’s bluff. * Powell finally admits this inflation is permanent. Thanks https://truebill.com/gold. It could save you hundreds a year. Get your new wireless plan for just $15 a month. https://mintmobile.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on F
Jul 29, 2021 • 1:01:09
Bad Policy Disables Economies in China and America – Ep 718
* High roads don’t win votes. * The road to hell is paved with good intentions and is wheelchair accessible. * Bitcoin rallies on its slope of hope. * China cracks down on private education. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through September 30, 2021. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europa
Jul 27, 2021 • 1:05:16
COVID Isn’t the Reason Markets Got Sick – Ep 717
* Bitcoin gets skipped over in investors’ rush to safe havens. * Gold mining stocks have never been a better deal. * Fiscal stimulus without monetary stimulus is no longer possible. * Bitcoin has a sucker’s rally after getting comfortable below $30k. Thanks Tru Niagen. Get 10% off your first purchase as a new customer by going to https://truniagen.com/peter with the promo code PETER For a limited time, get 40% off a Calm Premium subscription at https://calm.com/gold RATE AND
Jul 21, 2021 • 1:00:52
PBS Frontline Misses the Fed’s Real Power to Destroy – Ep 716
* The power to inflate is the power to destroy. Fed ensures most Americans are living on the edge. * Quantitative Easing is just another word for government debt monetization. * We’re always just one bubble away from the next financial crisis. * Government creates a moral hazard with every subsidy it gets involved in. * Power is most dangerous when it’s not understood by those wielding it. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and condition
Jul 19, 2021 • 1:16:44
Fed Bets the Farm on Transitory Inflation – Ep 715
* Government data says inflation worse than the 80s; real data says inflation already worse than the 70s. * Hypocritical Republicans criticize Biden for the same policies they pushed for under Trump. * Jerome Powell claims economy is great, but it needs the same amount of stimulus as when it was crashing. * Fed claims to have the tools to fight inflation if it gets too high, but not using them now proves they don’t. * Powell admits people aren’t working because they’re being paid
Jul 16, 2021 • 1:12:22
CPI and PPI Expose Transitory Inflation Ruse – Ep 714
* Fed forced to admit that inflation will be higher and last longer than they predicted. * June CPI numbers come in almost double Fed’s expectations. * Highest monthly CPI increase in 13 years. * Stock indexes are not a hedge against inflation. * Producer costs are rising faster than consumer prices. * Consumer prices are rising faster than wages. * No signs that inflation is transitory in the oil market. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold tod
Jul 14, 2021 • 49:53
Lies That Central Bankers and Bitcoin Pumpers Tell – Ep 713
* Oil prices break their winning streak. * As stimulus runs out, Americans reach record high in consumer credit. * ECB vows to increase cost of living for Europeans. * Michael Saylor’s Bitcoin spin should fool no one. Become a Firstleaf member and get 6 bottles of wine for $29.95 and free shipping https://TryFirstLeaf.com/GOLD RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.eu
Jul 10, 2021 • 54:34
Markets Are Bracing For the Wrong Impact – Ep 712
* Bitcoin and other risky assets being sold off. * Investors flee to gold and other safe havens. * Fed goes from thinking about thinking about tapering to talking about talking about it. * Supply of starter homes at 50 year low. * Buying Bitcoin is as risky as it’s ever been. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through Sept. 30, 2021. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.f
Jul 8, 2021 • 50:58
All Americans Can Celebrate Independence Day – Ep 711
* Oil marches toward record highs in Europe. * Inflation disguised in new restaurant fees. * The Constitution applies to all Americans. * Slave trade started and ended in Africa, not the United States. * Slavery was outlawed in the US before anywhere else in the world. Get an extra 3 months Free on a one year package. https://Expressvpn.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSL
Jul 6, 2021 • 53:34
Unemployment and Prices Rising Together – Ep 710
* Inflation spilling into the labor market. * Pressures pushing dollar down and costs up. * What does Basel III mean for gold? * CNBC pundits are as clueless now as they were in 2006 and 2007. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest
Jul 2, 2021 • 44:45
Government Protected Monopolies Are the Only Ones to Fear – Ep 709
* Facebook anti-trust case thrown out of court. * Breaking up monopolies protects the competitors, not the consumers. * John D. Rockefeller’s Standard Oil was a perfect model of free market efficiency. * Consumers are indirectly price gouged by labor unions. * Labor unions destroyed jobs and wages for laborers. * Government unions should be illegal. * San Francisco buys $70,000 tents for the homeless. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms
Jun 30, 2021 • 58:11
Everything Is Awesome Because the Fed Says so – Ep 708
* Bond market sells off for opposite reason it rallied a week prior. * Institutions are not rushing in to buy #Bitcoin. * Huge Socialist agenda moving forward using #covid as the excuse. * #Biden vows to grow government and use it against entrepreneurs and small business owners. * We’ve barely begun to pay the piper for all the inflation the Fed has created. Thanks Tru Niagen. Get 10% off your first purchase as a new customer by going to https://www.truniagen.com/peter with t
Jun 27, 2021 • 47:07
Political Hypocrisy on Inflation Lets Fed Escape Blame – Ep 707
* Fed triples its estimated duration of transitory inflation. * Republicans have no credibility to criticize government spending and money printing. * Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation. * Jerome Powell refuses to acknowledge whether being paid more to not work discourages employment. * Republicans won’t put blame on the Fed, because they benefit more from blaming the Democrats. * Maxine Waters praises Jerome Powe
Jun 25, 2021 • 1:01:28
Investors Call Bullard Bluff – Ep 706
* Markets begin to comprehend the Fed’s powerless against inflation. * Oil prices may put the nail in the coffin of transitory inflation. * Crypto traders unload their Bitcoin on Microstrategy. Microstrategy’s diamond hands are made of glass. * Barry Silbert hesitates on buying GBTC shares. * Tesla’s Bitcoin gamble enters into the red. * Government creating moral hazards in rental housing markets. * Why pay your rent when the government will pay it for you? * The government
Jun 22, 2021 • 1:04:28
Juneteenth Is Only the Beginning – Ep 705
* Democrats using racism to pass the legislation they’ve always wanted. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instag
Jun 19, 2021 • 41:51
The Fed’s “No Stick” Monetary Policy – Ep 704
* Jim Bullard undoes Jerome Powell’s damage control. * Fed goes from not thinking about thinking about raising interest rates to now talking about talking about raising interest rates. * Fed’s monetary tightening is as believable as George Costanza’s house in The Hamptons. * Bitcoin looks for lower support. Thanks Clear. For a limited time, get your first two months of Clear for free by going to https://Clearme.com/GOLD2 and use the promo code GOLD2 RATE AND REVIEW the Peter Schiff
Jun 19, 2021 • 51:14
Inflation Doves Coming Home to Roost – Ep 703
* Trade data uncovers what the CPI was hiding. * Fed acknowledges the obvious; inflation is higher than 2%. * Fed gives no indication of taper plans. * Jerome Powell out-doves himself again. * Paul Tudor Jones gets a gift from the Fed. * JP Morgan does not believe inflation is mandatory. * Economy has a collision course coming with reality. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.faceb
Jun 17, 2021 • 40:54
Despite Data, Markets Embrace Transitory Inflation – Ep 702
* Economic data disappoints. * Sean Hannity to Tucker Carlson: Peter Schiff was right! * Paul Tudor Jones going all in on inflation trade. * Bitcoin moves again on Elon Musk tweets. * Congress proposes Patriot Tax, which isn’t constitutional or patriotic. * Paying as little tax as possible is a patriotic duty. Check out Ladder today to see if you’re instantly approved, go to https://ladderlife.com/GOLD RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook
Jun 15, 2021 • 50:35
The Fed Flunks Monetary Policy – Ep 701
* Worse than expected inflation report furthers transitory fantasy. * Fed failing its mandates. * IRS abates my excessive $1.4M penalty. * US using Covid to keep citizens from getting passports. Thanks Raycon!. Go To https://buyraycon.com/gold for 15% off your entire Raycon order. Thanks to ItsEasy Passport & Visa for helping me out! Check out their website to see how they can help you too: https://www.itseasy.com/ RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. http
Jun 12, 2021 • 53:27
Surging Inflation Is Anything but Transitory – Ep 700
* Consumer prices on the rise and going higher. * Markets figuring out the Fed can’t fix Inflation. * Trump calls Bitcoin a scam. * Michael Saylor goes on damage control with Hannity. * Biden’s administration wages class warfare against rich with IRS leak. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through June 30th, 2021. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/r
Jun 11, 2021 • 54:06
Financial Media Downplays Inflation Risk – Ep 699
* Inflation is on the rise and so is denial about it. * Oil prices reach their highest levels since Covid began. * Broken bond market and rising stock market are not evidence of low inflation. * Janet Yellen admits higher inflation is coming, but says it’s a good thing. * Global minimum tax is a big negative for the world. * Bitcoin 2021 cult member love fest comes to an end in Miami. * Michael Saylor goes into more debt desperately trying to keep Bitcoin from collapsing. * The
Jun 9, 2021 • 1:01:41
The U.S Dollar Is a Meme Currency – Ep 698
* Contradictory jobs reports creating market volatility. * Russia begins dumping dollars and buying other currencies and gold. * AMC buyers think they’re sticking it to the man as they hand their money to institutions. * Bitcoin 2021 kicks off in Miami. * Ron Paul does not believe in Bitcoin. * Gold has never been easier or cheaper to authenticate. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through March 31, 2021 RAT
Jun 5, 2021 • 1:01:25
Americans Lost Every War – Ep 697
* Falling Dollar elevating Yuan. * China increases its child limit. * Ray Dalio didn’t endorse Bitcoin; he condemned treasury bonds. * American soldiers died protecting our freedoms, but our freedoms didn’t survive the wars. * Truth in advertising should apply to legislation. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://
May 31, 2021 • 49:53
Traders Begin to Realize Higher Inflation Is Bullish for Gold – Ep 696
* The Great Rotation is underway. * Gold closes the month with its highest monthly close since August 2020. * Headline PCE has biggest rise in 13 years. * Core CPE has biggest rise in 25 years. * Rent rises 5.4%. Food rises 28%. * Traders waking up to reality that inflation is bearish for the dollar and bullish for gold. * JP Morgan risks their clients’ investments to collect their fees. * Government budgets are just optimistic wishlists. Thanks Tru Niagen. Get 10% off your f
May 29, 2021 • 1:04:55
Inflation Tax Already Destroying Purchasing Power – Ep 695
* Gold close to breakout and dollar close to break down. * Fed admits unpleasant inflation is a possibility. * Major disappointment in home buyer data. * Surplus of money is pricing Americans out of the home and automobile market. * Government begins blaming companies for higher prices instead of inflation. * Don’t let your money retire before you do. * Warning signs of crypto bubble popping. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply.
May 26, 2021 • 56:43
Bitcoin Is Nothing Like Gold – Ep 694
* Rotation continues from momentum to value as Bitcoin investors turn to gold. * China is the excuse, not the reason for the Bitcoin bubble bursting. * This Crypto Winter may be the longest and most brutal of all. * Dave Portnoy shills Safemoon gimmick. * Coinbase may be the biggest failure vs. expectations of any IPO in history. * Crypto crash ushers in bear market for Tesla, Square, Microstrategy, Riot Blockchain, Galaxy Digital. * Gold is in a solid bull market making new highs
May 22, 2021 • 56:35
Crypto Crash. Buy the Dip or Sell the Rip? – Ep 693
* Bitcoin proves it is not a safe haven asset. * Investors begin rotation from Bitcoin to gold. * Bitcoin is the white whale and Michael Saylor is Captain Ahab. * Anthony Pompliano wants your cash, not your Bitcoin. * Gold investors spooked by suggestion of a possible discussion to potentially think about talking about tapering. * US Dollar crash may look similar to today’s Bitcoin crash. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply. Offer
May 20, 2021 • 45:26
Investors Begin to Worry the Fed Won’t Fight Inflation – Ep 692
* Dollar falls towards new lows. * Inflation fears become more widespread. * Wall Street beginning to realize there’s no political solution to inflation. Bitcoin following risk stocks lower, as inflation hedges like gold and silver rise. * Fearing 2% inflation, Bitcoin investors lose 34% on their hedge. * Bitcoin staring at enormous head and shoulders top. * Microstrategy stock down 63% from its high. * Michael Saylor lies and hides. Go to https://Bambee.com/gold to schedule yo
May 19, 2021 • 1:02:29
All Signs Point to Stagflation – Ep 691
* Oil prices pump. * Bitcoin prices dump. * Gold prices shine. * US leads world in over-valued momentum stocks. * Tucker Carlson talks inflation. * Windows look like nails to the Fed’s hammer. * Soaring inflation outweighs record lows mortgage rates. * Manufacturing decreases in April. * Economic statistics point to stagflation. Thanks to Amazon Pharmacy. Amazon Prime Members can save on prescription medication when not using insurance and get FREE 2-Day delivery! Learn mor
May 15, 2021 • 1:05:02
Soaring CPI Shocks Clueless Investors and Economists – Ep 690
* CPI numbers shock expectations. * Biggest monthly gain in CPI since 1981. * Gasoline supply chain disrupted by ransomware hack. * Price gouging alleviates shortages. * Unemployed workers shouldn’t be picky. * Disincentivizing people from jobs is not good for the economy. * Dogecoiners buy the rumor and sell the fact on Elon Musk SNL appearance. * Accolades have gone to Cathie Woods’ head. * ARKK will likely make a new 52 week low this year. * CNBC continues to ignore emerg
May 12, 2021 • 54:34
Jobs Not Required to Spend Printed Money – Ep 689
* Huge misses in jobs numbers. * Biden’s Blue-Collar Blueprint to build back better will be another big bureaucratic blunder. * Jobs report is more evidence the Fed’s policies aren’t working. * Weaker labor market means stronger inflation. * Dollar decline will accelerate. * Strong week for gold and silver with more strength ahead. * Investors continue their move from growth to value stocks. * Bitcoin maximalists in glass houses throwing stones at Dogecoin. * Elon Musk may cre
May 8, 2021 • 1:01:01
The Fed Can’t Be Honest About Inflation – Ep 688
* Inflation concerns increase along with commodity prices. * Trade deficit will fuel inflationary spiral. * Government reclassifying our rights as privileges so they can take them away. * Supreme Court sets precedent for the federal government to start seizing property. * Americans need property rights, not property privileges. Get an extra 3 months Free on a one year package. https://Expressvpn.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebo
May 5, 2021 • 50:25
Fed Helps Biden Cheat to Avoid Economic “F” – Ep 687
* Markets, gold, bonds, oil end April up; US dollar down. * Investors may “sell in May and going away.” * More than one third of US household income is now coming from the government. Thanks Clear. For a limited time, get your first two months of Clear for free by going to https://Clearme.com/GOLD2 and use the promo code GOLD2 RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.co
May 1, 2021 • 36:56
Biden and Powell Do America – Ep 686
* New record high in S&P and Nasdaq. * New record high in monthly trade deficit. * New record high in shipping containers falling off ships into the ocean. * Powell not worried about increases in the cost of living. * The middle class created labor unions and then, like Frankenstein’s monster, the unions turned on their creator. * Biden’s plan to make healthcare more affordable will backfire and make it more expensive. * American Families Bill will set a new record high in fra
Apr 30, 2021 • 1:03:40
Less of What’s Taxed, More of What’s Subsidized – Ep 685
* Jeff Gundlach sounding a lot like Peter Schiff again. * Biden’s American Families Plan extends entitlements to child care and sick leave. * Covid policies created multiple layers of unemployment fraud * Government wants to pick winners and losers in the economy. * IRS going after business owners with new increased auditing budget. * Presumption of innocence is under attack. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply. Offer valid throug
Apr 28, 2021 • 57:03
Government Spending Is Taxation – Ep 684
* Stock market indexes break their 4-week winning streak. * Biden tax plan creates bearish environment for stock market. * Technical data for the dollar continues looking weaker. * Conspiracy theories surrounding the Perth Mint are wrong. * Republicans opposing Biden’s tax plan are hypocrites. Thanks to Amazon Pharmacy. Amazon Prime Members can save on prescription medication when not using insurance and get FREE 2-Day delivery! Learn more at https://amazon.com/GOLD RATE AND REVIE
Apr 24, 2021 • 55:32
The Beginning or the End of the Bitcoin Bear Market? – Ep 683
* Coinbase already in a bear market within a week of its IPO. * GBTC selling at a record discount. * Bitcoin dump is underway. * Biden readies massive federal tax increase on capital gains. * Rich gringos are benefiting Puerto Rico. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://ww
Apr 23, 2021 • 1:01:08
The Woke Mob Silences Dissenters – Ep 682
* Woke mob is preventing justice and cramping freedom of speech. * We should be mourning the death of justice, not the conviction of Derek Chauvin. * Jurors can now go home as heroes instead of fearing for their lives. * George Floyd didn’t sacrifice himself for justice. It was justice that was sacrificed. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLE
Apr 21, 2021 • 44:13
Trial by Mob: Injustice in America – Ep 681
* George Floyd's autopsy results show he died of hypertension, heart disease, and drug overdose that complicated police subdual, restraint, and compression. * Video of Derek Chauvin shows he was following procedure and not trying to murder George Floyd. * Maxine Waters urges BLM to be more confrontational with their protests. * Benjamin Crump lies about Daunte Wright and Kim Potter on ABC's This Week. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Sh
Apr 20, 2021 • 53:35
Is Dogecoin the New Bitcoin? – Ep 680
* Record setting day and week for the markets. * Dollar sells off as gold rises. * China eases restrictions on gold imports. * There is no silver scam at the Perth Mint. * CNBC treating the Coinbase IPO like they did the AOL Time Warner merger. * Bitcoin lost 97% of its value measured in Dogecoin. * Dogecoin was created as a joke and may become the punchline for hodling Bitcoin. Check out Ladder today to see if you’re instantly approved, go to https://ladderlife.com/GOLD I
Apr 17, 2021 • 50:44
Madoff Dead, but Government Ponzi Schemes Live On – Ep 679
* This inflation isn’t transitory. Higher prices are here to stay. * Coinbase IPO triggers a buy the rumor sell the fact crypto avalanche. * Jerome Powell has zero understanding of gold. * Bernie Madoff died in prison, but his spirit lives on in the US Government. * Daunte Wright, like George Floyd, contributed to his own death. * Minnesota officer charged with manslaughter to appease the mob. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply. Of
Apr 14, 2021 • 52:59
Powell Guarantees Fed’s Indefinite Economic Support – Ep 678
* Our leaders, including Chairman Powell, are cowards. * You can’t buy what hasn’t been produced, no matter how much money is printed. * Bitcoin price moves up ahead of Coinbase offering. * Michael Saylor’s latest propaganda stunt proves Bitcoin is neither currency nor money. Thanks Raycon!. Go To https://buyraycon.com/gold for 15% off your entire Raycon order. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebo
Apr 13, 2021 • 47:37
Transitioning Into Stagflation – Ep 677
* Dow closes the week at a new all time high. * Small gains in gold and silver. * Investors haven’t yet realized the Fed can’t stop inflation. * Bitcoin is not an inflation hedge. * Record number of Americans don’t want jobs. * 60 Minutes is fake news. * US Customs targets me at the airport. Thanks Tommy John Get 20% off your 1st order https://TommyJohn.com/gold. See site for details. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast o
Apr 10, 2021 • 1:00:31
Fed Can’t Put Inflation Genie Back in the Bottle – Ep 676
* Jamie Dimon touts optimistic fairy tales. * Moratoriums on evictions and student loan payments boosting consumer spending. * The 70’s were an economic disaster because of the policies of the 60’s. * Fed betting the house on inflation being transitory. * China’s digital Yuan threatens both Bitcoin and the US Dollar. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply. Offer valid through June 30, 2021. Invest like me: https://schiffradio.com/invest
Apr 8, 2021 • 50:48
Biden Wants to Lead the World to Less Freedom – Ep 675
* Stock markets hit record highs. * Weakness in Russell shows recovery is happening outside the US. * Biden and Yellen push for collusion through global tax cartel. * Nobody has voting rights. * Democrats want to keep dumbing down the voter base. Get an extra 3 months Free on a one year package. https://Expressvpn.com/gold Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP
Apr 6, 2021 • 53:43
Employees Returning to Work Is Not Job Creation – Ep 674
* Restored jobs will be lost again permanently. * Gold bulls throwing in the towel. * Archegos is a lesson for Bitcoin HODLers. * Derek Chauvin’s trial begins with odds against him. * Media ignores murderers if they’re the wrong race or gender. * Hate Crime laws will lead to Thought Crime laws. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply. Offer valid through June 30, 2021. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the
Apr 2, 2021 • 53:23
Biden’s Plan Will Weaken Economy & Lessen Opportunity – Ep 673
* Treasury bonds creep higher to new post-Covid highs. * Gold sellers are not Bitcoin buyers. * Market has been buying Fed’s bluffs. * Ferocious moves in gold ahead. * Covid is incomparable to the tragedies of war. * Biden takes a stake to the heart of capitalism. * The middle class was created by capitalism and destroyed by government. Thanks FEALS. Become a member at https://Feals.com/gold and you'll get 50% off your first order with free shipping. Invest like me: https://schi
Apr 1, 2021 • 52:46
Inflation: Fed Won’t Pick a Fight It Can’t Win – Ep 672
* Markets rally as the rotation to value and dividend stocks continues. * Treasury yields slip. * Big moves in oil and dollar. * Gold and silver take a hit. * Unemployment and trade deficit numbers dangerously high. * Powell’s tool will turn the economy from recession into a depression. * FOMC looking to advance a political agenda. * Infrastructure spending is not stimulus. * Despite more competition, Disney+ subscription price increases 14%. * Read the fine print before bar
Mar 27, 2021 • 57:08
When Krugman Talks, Don’t Listen – 671
* Stock market down on anniversary of 2020 crash. * Biden readies $4 Trillion more in stimulus before the ink dries on the last round of checks. * Krugman back with more Keynesian nonsense. * Virtual Fifth Avenue is not valuable when you can have infinite New York Cities. * Affirmative Action is condescending to African Americans. * Massive racial hate crime gets swept under the rug by the media. Visit https://Audible.com/PETER or text PETER to 500-500 to start your free 30-day tri
Mar 24, 2021 • 1:05:50
Markets Are Not Buying What the Fed Is Selling – 670
* St. Patrick’s Day green turns into a sea of red. * CPI is another government lie. * Markets worried the Fed will fight inflation. * Gold mining stocks strengthen. * Tensions rise as China puts Biden administration in a PR box. * The same problems are now playing out on a bigger stage. Go to https://Bambee.com/gold to schedule your FREE HR audit. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/Pet
Mar 20, 2021 • 47:42
Fed Turns Screens Green for St Patrick’s Day – Ep 669
* Markets rally as Fed continues its game of chicken. * Jerome Powell gambling that this time things will be different. * Gold and silver up. Dollar down. * Bank of America agrees, Bitcoin is just for gambling. * Morgan Stanley allows restricted crypto speculating to high net worth investors. Thanks to Amazon Pharmacy. Amazon Prime Members can save on prescription medication when not using insurance and get FREE 2-Day delivery! Learn more at https://amazon.com/gold Invest like me: h
Mar 18, 2021 • 49:20
Anchors Aweigh. Adrift in a Sea of Inflation – Ep 668
* Dow breaks its streak of seven day record highs. * Import and export prices rise. * Home building prices rise. * Expansive tax hikes coming on income. * NFT mania moves to virtual sneakers. * I lost $4,000 HODLing my tweet. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through March 31, 2021. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.c
Mar 17, 2021 • 58:10
Fed Playing Chicken with Bond Market – Ep 667
* Investors starting to adopt my thesis. * Money doesn’t create purchasing power. * Biden’s stimulus is just a down payment. * Massive loopholes will be exploited. * Artists and athletes like Beeple and Gronk are ripping off their fans. Thanks Raycon! Go To https://buyraycon.com/gold for 15% off your entire Raycon order. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FO
Mar 13, 2021 • 49:46
Peak Insanity – Ep 666
* NASDAQ enters into a correction. * Cathy Wood buys overpriced momentum stocks. * The madness of crowds has reached an all-time high. * NFTs are for rookies. * Tweets for sale! Check out Ladder today to see if you’re instantly approved, go to https://ladderlife.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schi
Mar 10, 2021 • 1:03:08
Fed Between a Rock and a Hard Place – Ep 665
* Oil prices surge to two year highs. * Restaurants being allowed to reopen is not employment strength. * Jerome Powell spooks the markets with his false sense of confidence. * Bitcoin trading like a NASDAQ stock with no earnings. Free $75 credit to upgrade your post at https://Indeed.com/peter Terms and conditions apply. Offer valid through March 31, 2021. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.c
Mar 6, 2021 • 58:52
Fed Gets RBA to Do Its Dirty Work – Ep 664
* Big gains on Monday give back on Tuesday. * Australia doubles down on their QE program. * US stock market rally made in Australia. * Kevin Leary has Bitcoin backwards. * Mark Cuban unknowingly refutes his own arguments. * Democrats play politics with Wealth Tax. * Anybody can consume, saving capital is the tough part Get 3 extra months free: https://ExpressVPN.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. ht
Mar 3, 2021 • 1:01:57
Inflation Is No Threat to Gold – Ep 663
* Stock markets end February hemorrhaging. * March may start with a black Monday blood bath. * Meme stocks mania add to the market craziness. * Cancel culture insanity infects The Bachelor. * Don't assume Mr. Potatohead's gender. * How will the future generations judge us? Get 15% off your 1st order https://Tommyjohn.com/gold. See site for details. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/Pe
Feb 27, 2021 • 54:48
The Fed Can’t Fool All the Investors All the Time – Ep 662
* Jerome Powell becomes more dovish each time he speaks. * US Dollar hits new low against Australian and Canadian Dollar. * Technical charts show dollar heading towards a cliff. * Elon Musk responds: Go to https://Bambee.com/gold to schedule your FREE HR audit. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold New
Feb 25, 2021 • 1:00:26
Elon Musk Replies to Peter Schiff’s Bitcoin Tweet – Ep 661
* Renewed momentum out of Covid stay-at-home stocks and into value stocks. * Crude oil, industrial metals, and other commodities move higher. * Tesla slips back into a bear market. * Can Elon Musk convince Peter Schiff to buy Bitcoin? Free $75 credit to upgrade your post at https://www.Indeed.com/peter. Terms and conditions apply. Offer valid through March 31, 2021. Schedule your FREE Product Tour at https://www.NetSuite.com/GOLD Invest like me: https://schiffradio.com/invest RATE A
Feb 23, 2021 • 51:57
Security Regs and IRS Audits Targeting the Rich Will Hit the Middle Class – Ep 660
* Copper leads rise in commodities. * By end of year, a penny may be worth a nickel. * Elon Musk admits, BTC is BS. * Bitcoin bubble may get popped by a gold pin. * Game Stop bubble popped. * Robinhood going to be writing a lot of checks to small investors. * If you can’t afford a professional broker, blame the government. * IRS setting their sights on the middle class and small business owners. Listen to the latest season of Business Movers on Apple Podcasts, Spotify, or liste
Feb 20, 2021 • 53:23
Stimulus Checks Funded a January Christmas – Ep 659
* We don’t have a booming economy, we have a shopping spree. * Food and energy prices on the rise. * There is no gender pay gap, but new laws will create one. Free $75 credit to upgrade your post at https://www.indeed.com/peter. Terms and conditions apply. Offer valid through March 31, 2021. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.
Feb 18, 2021 • 40:06
Surging Bond Yields and Oil Still Pressuring Gold – Ep 658
* Spike in interest rates hit gold and silver hard. * First time home buyer credit tucked into stimulus bill will breed fraud and moral hazard. * Tesla stock hurt by Bitcoin investment, potentially scaring off other CEOs from following Elon Musk into crypto. Schedule your FREE Product Tour at https://www.netsuite.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR M
Feb 17, 2021 • 47:21
Surging Trade Deficits Signify Weakness, Not Strength – Ep 657
* Record highs in the S&P and lumber prices. * Commodity prices and bond yields soar. * More Americans losing their jobs. * U.S. has been obliterated in the trade war. * Lucasfilm feigns outrage from the leftist mob, proving Gina Carano’s point. Go to https://www.Bambee.com/gold to schedule your FREE HR audit. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FR
Feb 13, 2021 • 53:43
Fed Gives Treasury a Blank Check – Ep 656
* Pot stocks were blazing today after getting smoked last year. * Big action in platinum may be the start of bigger action in precious metals. * Oil prices make new post-covid highs. * Signs point to a possible peak in MicroStrategy’s stock. * Jerome Powell encourages the government to get into a deeper hole. * Puerto Rico would be one of the biggest losers of the minimum wage. * Virtue signaling is harming the poor and minority communities. Thanks Ladder Life Insurance. To lock
Feb 11, 2021 • 56:45
Did Tesla Jump the Shark Buying Bitcoin? – Ep 655
* Elon Musk dumps Tesla shareholder money into Bitcoin. * Tesla is overvalued, but Bitcoin has no value. * Will one bubble be the pin for another bubble? * The establishment is behind Bitcoin! * Dogecoin is better than Bitcoin. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through March 31, 2021. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook
Feb 9, 2021 • 47:35
All Roads Lead to Stagflation – Ep 654
* Jobs data weak and revisions are worse. * Bond yields weighing heavy on gold prices. * Dollar gets clobbered by disappointing economic data. * Oil prices rising and going higher. * Increasing trade deficit will soon explode. * Kamala Harris and the Senate pass $1.9 trillion stimulus bill. * This is the first and probably smallest of many stimulus payments from Joe Biden. * Warren, Sanders, AOC pushing Biden for student loan forgiveness. * Bitcoin hodlers see
Feb 6, 2021 • 48:40
When Neel Kashkari Speaks, Smart People Buy Gold – Ep 653
* Quieter day in the markets with notable moves in oil. * Dollar consolidating before its next move lower. * Kashkari believes inflation is purely psychological. * Outsourcing will boom under Democrats. * New York is paying people to get COVID at “Covid Parties.” * Visa uses Bitcoin for cheap publicity, not for DeFi. Get 3 extra months free: https://ExpressVPN.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Face
Feb 4, 2021 • 1:01:13
Schiff Gold Becomes Schiff Silver – Ep 652
* Big moves in silver outshine modest gains in gold. * Robinhood users are the product, not the customers. * Government regulators emboldened to act. * Watch out for the numismatic bait and switch from precious metals dealers. * Elon Musk and Ray Dalio don’t sound like Bitcoin buyers. * Elon Musk is wise not to throw pins while living in a bubble. Schedule your FREE Product Tour at NetSuite.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Pe
Feb 2, 2021 • 47:08
Reddit Raiders Ride Silver – Ep 651
* All four major market indexes end the week down. * So goes January, so goes the year … so buckle up! * Hedge funds continue to take it in the shorts. * First Majestic Silver gets targeted. * Robinhood limits stock trading and puts halt on instant crypto buying. * The establishment does NOT want you to buy physical silver. * The establishment LOVES Bitcoin. * Elon Musk plays with his Twitter followers like puppets. Thanks Keeps. To receive your first month of t
Jan 30, 2021 • 42:20
The Mother of All Short Squeezes is Yet to Come – Ep 650
* Powell delivers most dovish press conference ever. * Anthony Scaramucci’s Skybridge… fund wins trophy for ridiculous bitcoin logic * GameStop proves Bitcoin can’t work. * Technicals starting to deteriorate on Bitcoin. * Bitcoin speculators have moved onto greener pastures.. * Big shorts in gold and silver could be squeezed next. Visit https://Audible.com/PETER or text PETER to 500-500 to start your free 30-day trial. Invest like me: https://schiffradio.com/invest RA
Jan 28, 2021 • 55:57
Is the Bitcoin Game about to Stop? – Ep 649
* Big gains in the most heavily shorted stocks like Game Stop. * Robinhood traders buying Game Stop think they’re smarter than the hedge funds shorting it. * Markets can stay irrational longer than you can stay solvent. * In the short-run, stocks are a voting machine. In the long-run, stocks are a weighing machine. * Price is what you pay. Value is what you get. * When it comes to bubbles, the markets first bankrupt everyone who bet against them, and then bankrupts every
Jan 26, 2021 • 49:28
We Elected Biden But We Got Sanders – Ep 648
* Markets finish positive on a quiet week. * IBM’s chickens coming home to roost. * Gold positive on the week despite heavy pressure. * Biden’s executive orders bullish for gold fundamentals. * Chicago teachers don’t care about students. * Regulatory costs of Bitcoin will exceed traditional banking. * There is no shortage of Satoshis. Go to https://Bambee.com/gold to schedule your FREE HR audit. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Pe
Jan 23, 2021 • 53:38
Biden Takes the Helm of Sinking Ship – Ep 647
* Markets couldn’t care less who’s the president. * Despite the change in the White House, there’s no change at the Federal Reserve. * Joe Biden is not everybody’s president. * Democrats made a deal with the devil. * The country will now suffer like never before. * Nothing Joe Biden wants to do is Constitutional. * This can is too big to kick down the road. Thanks Ladder Life Insurance. To lock in your best rate today and get your family covered with Ladder, go to
Jan 21, 2021 • 40:43
Trump Leaves America Further From Greatness Than Ever – Ep 646
* I told you so. Donald is a one term President. * Trade deficit worse now than before we were “winning” trade deals. * Trump added almost as much to the deficit in 4 years as Obama did in 8. * Only thing Trump didn’t like about Obamacare was the name. * The cornerstone of Trump’s legacy and the cornerstone of Trump’s criticisms of Obama are the same. * Trump failed to make America great, but pretended that he succeeded. * To his credit, Trump didn’t lead us into any
Jan 20, 2021 • 51:54
Biden to Throw Drowning Economy an Anchor – Ep 645
* Power and ignorance is a dangerous combination. * Biden’s stimulus plan will make the European Union look responsible by comparison. * Affirm’s IPO epitomizes what’s wrong with markets and the economy. * Dollar denominated financial assets on expedited track to worthlessness. Free $75 credit to upgrade your post at https://www.Indeed.com/peter. Terms and conditions apply. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Faceboo
Jan 16, 2021 • 42:24
Commodity Boom Evidences Inflation, Not Growth – Ep 644
* Agricultural commodities ore on fire. * Nobody needs bitcoin. * A market driven by inflation is different than a market driven by earnings. * Biden administration will exploit the attempted “insurrection” * Tech currying favor from Biden administration through conservative censorship. Get an extra 3 months. Expressvpn.com/gold. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/r
Jan 13, 2021 • 46:11
Tesla vs. Bitcoin: The Battle of the Bubbles – Ep 643
* Gold and silver shellacked. * Jobs report worse than anyone expected. * Elon Musk becomes richest man in the world. * Chamath Palihapitiya’s poorly chosen quote may be an omen for things to come. * Bitcoin bubble brings bizarre bedfellows. * Biden vows to put low-skilled workers out of work. Thanks Raycon! Go To https://buyraycon.com/gold for 15% off your entire Raycon order. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podca
Jan 9, 2021 • 1:05:16
The Real Threat in D.C. Comes from Congress, Not Protests – Ep 642
* Democrats bribe Georgia voters with cash. * Massive divergence between International stocks and domestic stocks. * Bitcoin is propping up the system that it’s supposed to take down. * Protesting a stolen election is a right. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN
Jan 7, 2021 • 51:22
Did Global Financial Markets Just Decouple? – Ep 641
* Rare dichotomies playing out in the markets - something big is happening. * Dollar continues to fall against the Yuan. * Institutional money is flocking to real commodities, not Bitcoin. * Connecticut passes idiotic new law giving workers 3 month yearly vacations. Schedule your FREE Product Tour at NetSuite.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP
Jan 5, 2021 • 53:42
2021: The Year of The Chickens Coming Home to Roost – Ep 640
* Fed turned stock market into a casino. * Investors buying everything in sight with cheap money. * Trump ends term with biggest trade deficit and budget deficits in history. * Trump vetoes less bills than any other president in 100 years. * Race to the bottom will start when Fed starts bailing out state. * Tesla is better than Bitcoin. * Bitcoin is like the Emperor’s New Clothes. Thanks Keeps. To receive your first month of treatment for free, go to https://keeps.c
Dec 31, 2020 • 1:05:17
Bitcoin May Feel the Ripple – Ep 639
* Trump grandstands over stimulus bill. * Ripple gets ripped. * Is Bitcoin also a security? * Biden will be bad for Bitcoin. * Greyscale gets clobbered. Go to https://Literati.com/Peter for 25% off your first 2 orders. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/new
Dec 24, 2020 • 50:10
Government to Sedate the Economy with More Stimulus – Ep 638
* New Covid-19 relief stimulus bill passes Congress. * 200 years worth of debt added in one year of 2020. * Trump outdoes Obama’s deficit in only one term. * Reparations via voting is nonsense. * Banco Popular has bad business practices. * I recommend First Bank of Puerto Rico. Schedule your FREE Product Tour at https://NetSuite.com/gold Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/
Dec 23, 2020 • 50:02
The Dollar’s Loss Is Not America’s Win – Ep 637
* Dollar melts down toward new lows. * Tesla added to S&P, making the index even more overvalued. * Exporting is a means to pay for importing. Free $75 credit to boost your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through 12/31/20. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schi
Dec 19, 2020 • 55:10
Fed’s Inflation Ignorance Will Not Be Bliss – Ep 636
* Fed leaves interest rates unchanged. * More stimulus checks and PPP on the way. * State governments owe business owners compensation. * Big move in silver and bigger moves building. * Bitcoin outshines the precious metals. ExpressVPN.com/gold Arm yourself with an extra 3 months of ExpressVPN for free. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY F
Dec 17, 2020 • 45:27
Fed Fuels IPO Folly – Ep 635
* Doordash and Airbnb go public with successful IPO, despite never making a profit. Thanks Hawthorne. Get special offers for the holidays, going on right now, by visiting Hawthorne dot CO. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com
Dec 11, 2020 • 46:01
Rigged Bond Market Sends False Signals – Ep 634
* Stock indexes and gold mining stocks hit 52-week highs. * Fed can’t stop the dollar from falling or gold from rising. * Bitcoin isn’t gold 2.0, it’s fools gold 2.0. Thanks RAYCON! For a limited time, get 15% off your order at https://buyraycon.com/gold Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: h
Dec 9, 2020 • 46:17
The Fed Fights Inflation with Inflation – Ep 633
* 2021 may be the weakest year yet for the dollar. * Investors whistle past the mother of all graveyards as inflation mounts. * Grayscale printing money and buying CNBC ads. * Watch for Bitcoin’s double-top before you let the champagne pop. * HODLers on Sesame Street try to silence my video. * Walter E. Williams, a black life that mattered greatly to me. Thanks Keeps. To receive your first month of treatment for free, go to https://keeps.com/GOLD Thanks to Wondery for
Dec 5, 2020 • 49:09
Government Help Has Made a Bad Situation Much Worse – Ep 632
* Best November for the Dow since the roaring 20s. * While stocks saw a boom, gold saw a bust. * Negative backdrop may have firmed gold’s bottom. * Bitcoin reaches new highs. * Joe Biden is from the government and here to help. Free $75 credit to boost your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through 12/31/20. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook
Dec 2, 2020 • 54:02
Bitcoin Roasted for Thanksgiving – Ep 631
* Grayscale Trust leads Bitcoin into a Thanksgiving Day Massacre. * Sharp declines in gold on Black Friday. * Inflation will not save debtors who want to retire. Thanks Literati. Go to https://Literati.com/Peter for 25% off your first 2 orders. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.
Nov 27, 2020 • 35:43
Dow 30k. Fed Gets the Credit and the Blame – Ep 630
* Markets hit all time record high of 30k. * Record TSLA stock price rockets Elon Musk to second richest in the world. * Trump takes credit for record markets he said would tank on Biden win. * Janet Yellen for Secretary of Debt. * The opposite of the Roaring Twenties are here. * Bitcoin flirts with 20k. * FDA blocks harmless drugs. Thanks Keeps. To receive your first month of treatment for free, go to https://keeps.com/GOLD Invest like me: https://schiffradio.com/
Nov 25, 2020 • 56:30
Trump’s Prescription for Higher Drug Prices – Ep 629
* Hedge funds are no longer hedges; they’re risks. * Investors hope for more monetary stimulus as fiscal stimulus dries up. * More fiscally stimulated companies going bankrupt. * Bitcoin will replace the tulip bulb in future economic textbooks. * Trump’s executive order is unconstitutional and will drive prescription prices higher. Thanks RAYCON! For a limited time, get up to 20% off your order at https://buyraycon.com/gold Invest like me: https://schiffradio.com/invest
Nov 21, 2020 • 57:18
If COVID Didn’t Hurt Stocks, Why Should a Vaccine Help? – Ep 628
* Another vaccine, another rally. * Easy money is here to stay no matter what happens with COVID. * Price surges coming. * Was Buffett embarrassed by his big Barrick buy? * Ray Dalio recommending the entire Euro Pacific investment strategy. * Airbnb going public with no reason for optimism. * Hidden agenda of Bitcoin whales is to trap the minnows. * Voting for the CARES Act shows how little you care about the country. Free $75 credit to boost your post at Indeed.com/peter. Term
Nov 18, 2020 • 56:54
Biden Advisor Proposes National Paid Vacation – Ep 627
* Biden advisor proposes another lockdown; says the Fed will pay everyones’ wages. Is it a Trojan horse for UBI? * No recovery in sight for the economy, only a relapse. * Democrats fight for Senate control through Georgia. * Americans in their 70s taking on record debt. * 60 Minutes Australia compounds their damages. * PayPal’s Bitcoin adoption is a gimmick. Thanks Hawthorne! To take your quiz and get 10% off your first purchase, go to hawthorne.co and use promo code GOLD Invest l
Nov 13, 2020 • 42:28
There’s No Vaccine for What Really Ails the U.S. Economy – Ep 626
* Big moves in all the markets on news of COVID vaccine from Pfizer. * COVID vaccine will not be ready soon. * Investors sell stay-at-home stocks and buy the leave-the-house stocks. * Gold gets thrown out with the safe-havens. * Bitcoin has the least volatility. * Statehood for Puerto Rico would be a disaster. Get 3 months free. Expressvpn.com/Gold Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/
Nov 10, 2020 • 52:10
Dollar Dumps as Stock Market Pumps – Ep 625
* Investors having deer in headlights moment. * The light at the end of the tunnel is a Mac truck. * Rally in gold stocks are a small taste of what’s ahead. * Biden has the same tricks to play as Trump. * Biden, like Trump, criticizes the stock market as a candidate and will embrace it as president. * Bitcoin gains, but its popularity doesn’t. Free $75 credit at https://Indeed.com/Peter Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast
Nov 7, 2020 • 38:57
Investors are as Clueless as Pollsters – Ep 624
The election polls were horribly wrong. Blue wave barely makes a splash. Wall Street content with the election results. Biden will reregulate what Trump deregulated. Biden regulations will take toll on workers. China and pharmaceutical companies optimistic on Biden. Pot stocks get smoked. Ranked voting would blow open the Democrat and Republican duopoly. Free $75 credit at https://Indeed.com/Peter Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast o
Nov 5, 2020 • 45:56
The Peter Schiff Show Election Night Coverage
Peter Schiff gives his thoughts on the election and takes questions from the listeners. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.T
Nov 4, 2020 • 4:06:31
Worst Pre-Election Stock Market Week in History – Ep 623
US stock market has worst week since March. Wall Street bought on the rumor of a Biden win; now selling before it becomes a fact. Selling will continue even after he wins. It’s all about the Fed and nobody cares. Losses will be most pronounced in the bond market. Fed holding back the cure for the economy. Under Capitalism, people get rich by helping other people. Under Socialism, people get rich by controlling other people. Great buying opportunities in gold mining sector. Dollar heading into th
Oct 31, 2020 • 46:37
All Bubbles Eventually Find a Pin – Ep 622
Stock markets tumble on renewed fears. Blue wave may not crest as once was expected. More stimulus comes with bigger government. Trump is the Republican Jimmy Carter. Trump’s legacy will be his successful Supreme Court nominees. The most important thing this election is to prevent Democrats from taking control of the Senate. Free $75 credit at https://Indeed.com/Peter Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebo
Oct 27, 2020 • 48:18
Was the Hatchet Job on Me a Snow Job on Australia? – Ep 621
Addressing the elephant in the room. Australian media accuses me of masterminding the biggest money laundering and tax evasion scheme in the history of the world. Realtors, accountants, lawyers may soon be required to spy on their clients. Real Bitcoiners respect me. Fake Bitcoiners hate me. PayPal announces Bitcoin news. Dollar weakest in weeks. Thanks RAYCON! While the deal is running, get 15% off your order at https://buyraycon.com/GOLD Invest like me: https://schiffradio.com/invest RATE
Oct 22, 2020 • 44:41
America Has Never Been Less Great – Ep 620
Bank analysts want more artificial stimulus. Retail sales surge while production crashes. PPP monkey business driving spike in business applications. Borrowing from poorer countries is a sign of decay, not strength. The income tax is proof that Americans are not a free people. Hunter Biden compromises national security and economy. Twitter censors the story from the public. The coverup is as outrageous as the story. Washington full of pickpockets, not public servants. Invest like me: https://sc
Oct 17, 2020 • 1:03:46
Almost Everything the Federal Government Does is Unconstitutional – Ep 619
US stock market breaks a 4 day winning streak. Enormous tax hikes being proposed dwarf tax cuts. Fed creating a launch pad for gold. Amy Coney Barrett agrees to maintain unconstitutional precedent. The government interprets the Constitution to grant themselves unlimited power. Get an extra 3 months. Express VPN: https://expressvpn.com/gold Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SI
Oct 14, 2020 • 1:12:53
Trump Out-Democrats the Democrats – Ep 618
Trump extends stimulus olive branch to Pelosi. Kudlow lies behind his mask. Republicans cave on spending. QE goes from tool of last resort to standard operating procedure. Stimulus begets stimulus. Dollar breaks down; gold and silver rally. Gold and silver will move big following the election. Debates need a referee, not a moderator. Republicans are being stingy socialists. Trade deficit with China bigger than before we declared a trade war. Bitcoin gains on news of Jack Dorsey’s Square allocati
Oct 10, 2020 • 49:56
Debt Explodes as Stimulus Hopes Implode – Ep 617
Trump temporarily dashes stimulus hopes. National debt tops $27 Trillion. Trade deficit in manufactured goods hits all time record high. Jerome Powell either doesn’t understand the economy or is a liar. Lower-skilled government workers retiring with multimillion dollar pensions paid for by private sector. Donald Trump condemns white supremacy, but Joe Biden won’t condemn Socialism. Thanks Keeps. To receive your first month of treatment for free, go to keeps.com/GOLD Invest like me: https://sch
Oct 7, 2020 • 50:05
Trump COVID Positive, Job Prognosis Negative – Ep 616
Last jobs report before election overshadowed by COVID-positive Trump. Possibility of a President Pence becomes more probable. Deregulation and lower taxes would stimulate the economy. Consumption is the caboose; production is the engine that moves the train forward. California will need a Federal bailout to pay reparations for the slaves they never had. Princeton placates mob and gets caught in a lie. BitMEX founders indicted on criminal charges. Coinbase bans political discussions. Try 3 mont
Oct 3, 2020 • 51:47
A Debate to Forget – Ep 615
Stock market finishes the worst September since 2011. Silver down on the month, but outperforms stock market on the quarter. Stephen Roach speculates 35% collapse in the US dollar in 2021. Paying taxes is nobody’s patriotic duty. Home appraisers aren’t racist. Democrats pissed they can’t put black people deeper into debt. Biden wins the first debate by simply proving he’s not senile. Trump defends the indefensible about healthcare. Biden dodges questions about Supreme Court and Green New Deal.
Oct 1, 2020 • 59:34
The Stock Market Needs the Fed More Than Gold – Ep 614
Dollar rallies in the face of stock market fall. Bubble stocks more bubblicious. Monetary stimulus only stimulates inflation. Daymond John wants the government to print more money. It’s not an L-Shape or V-Shape recovery, because it’s not a recovery. Too much can kicking has made the can too big. Democrats throwing stones from their glass house. Wells Fargo CEO shamed by race baiting mob for telling the truth. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show
Sep 24, 2020 • 52:43
Political Tension Puts Near-Term “Stimulus” in Doubt – Ep 613
Everything gets slammed. Chart looking weak for the Dow and Russell, strong for silver. Bloom coming off the rose of economic recovery. Political tensions rise with death of Ruth Bader Ginsburg. US government is the biggest threat to America, not terrorists or COVID. Fiscal stimulus requires monetary stimulus. The constitution has to be applied, not interpreted. Thanks RAYCON! Get 15% off your order at https://buyraycon.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW t
Sep 22, 2020 • 1:00:38
Fed Not Dovish Enough for Markets – Ep 612
Rough ride for the indexes this week. Fed commits to 0% interest rates until 2023. Neel Kashkari thinks that’s not enough. Air is coming out of the retail sales bubble. Temporarily closed businesses close permanently. Markets ignoring dangerous warning signs. Trump stabs Republicans in the back. American energy companies are dead, but oil prices will rise. Morgan Stanley wakes up to gold. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook.
Sep 19, 2020 • 55:26
Soaking the rich will drown everyone else – Ep 611
Secretary of Treasury is really Secretary of Debt Fed doesn’t think Americans are in enough pain. Education and healthcare are too important for the government to be involved in. Biden pledges to nationalize corporate America. The road to serfdom is better than the road we’re on now. Episode Sponsor: ExpressVPN Get an extra 3 months free on a one year package.: https://ExpressVPN.com/gold Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook.
Sep 16, 2020 • 1:08:40
Fiercest Fires Were Lit by the Fed – Ep 610
Markets end week on a mixed note. Gold consolidating support above previous highs. Fed has come out of the closet. Alan Greenspan sounds more like Peter Schiff as he gets older. Government did more harm to Americans with the War on Terror than the terrorists did. Government doing more harm again with the War on COVID than the virus has done. Government incentives maximum racism. NFL discriminates. Go to https://indeed.com/peter for a $75 credit on your job post Invest like me: https://schiffra
Sep 12, 2020 • 1:00:38
The Dollar and Bonds are Bigger Bubbles Than Stocks – Ep 609
NASDAQ has a full blown correction. TSLA is the poster child of the stock market craziness. Slack is not an investment. Air coming out of stock market bubble. Dave Portnoy is the poster child of day traders. Bitcoin’s support is weakening. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news
Sep 9, 2020 • 59:29
Did the Biggest Bubble Ever Just Pop? – Ep 608
The biggest bubble may have popped without a pin. Charts show bad omen for the NASDAQ. The biggest bubble ever won’t die easily. Strength in gold stocks improving. Tesla (TSLA) sells off. Treasury market killed. China commits to dumping US treasuries. Bond market’s bottom ready to drop. Bitcoin may never trade above $10,000 again. Trade deficit biggest since July of 2008. Jobs numbers are not what they seem. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show P
Sep 5, 2020 • 52:50
The Biggest Bubble Ever – Ep 607
S&P has its best August since 1986. APPL and TSLA continue soaring after splits. TSLA rains on its own parade. Zoom zooms. Loot this book. George Floyd died of a drug overdose. McDonald’s sued for treating black owners equal to white owners. Rampant wave of race-based lawsuits on the way. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com
Sep 2, 2020 • 1:15:58
Inflation will destroy the dollar and the economy – Ep 606
Fed changes the rules for inflation target calculations. Markets react to Powell's announcement. Prices go up when people aren’t working. Majority of middle class will be impoverished Into lower class. Gold’s resistance has become support. What Trump Steaks may teach us about the Trump Economy. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europ
Aug 28, 2020 • 1:02:33
Weak economy enables strong housing market – Ep 605
Good news for Facebook stock is bad news for Main Street. Housing market booms - just like it did before the 2008 crash. Layoffs increasing. Many jobs permanently gone. The voting age should be raised. Happy Birthday Spencer! Follow my son on Twitter @SpencerSchiff David Portnoy bails on Bitcoin and Chainlink. Paul Tudor Jones should be the next big name to bail on crypto. Cuban-American an emotional and heartfelt warning at the RNC. Leaked George Floyd tapes show why it’s so important to wait f
Aug 26, 2020 • 1:01:37
Main Street’s Pain is Wall Street’s Gain – Ep 604
S&P and Nasdaq close the week with record highs. Apple capitalizes on speculator mania with stock split. Weak economy benefits Wall Street and sedates Main Street. Real estate booming, but mass defaults may be on the horizon. Uber shareholders are being exploited, not the drivers. Republicans have philosophically lost the debates. Stimulus works great when it comes to buying votes. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. htt
Aug 22, 2020 • 51:37
Buffett Boosts Gold Back Above $2,000 – Ep 603
S&P recoups COVID losses, closing today on an all-time high. Tesla cruises on stock splits driving into the mother of all short squeezes. Traders will sue Robinhood for their losses. Dollar index gets smoked. Warren Buffett knows the inflation tax is coming and he’s trying to avoid it. Never mind the answers, the news doesn’t even have any questions. Bitcoin not making any new highs. Democrat National Convention was an embarrassment to Americans. $2000 gold may look cheap soon. Thanks RAYCO
Aug 19, 2020 • 54:32
Buffett Buys Barrick Gold, Sells Banks – Ep 602
Berkshire Hathaway loves gold, bets against the US. Bidders aren’t showing up for 30 year treasury bonds. Food prices soar and this is just the beginning. Fair-weather capitalists claim we’re all socialists now. Socialism is Larry Kudlow’s new credo, now that he works for the government. Warren Buffet is too smart to buy bitcoin. California wants to tax out of state residents' wealth. Episode Sponsor: ExpressVPN Get an extra 3 months Free on a one year package.: https://ExpressVPN.com/gold Inve
Aug 15, 2020 • 57:16
Massive shakeout in gold and silver – Ep 601
Gold’s spectacular move down is the sign of a bull market. Paul Krugman admits inflation is driving up gold price. Curing COVID won’t cure the economy. Do-gooders in California will put Uber and Lyft out of business. Donald Trump’s tax cuts will drive up the inflation tax. Joe Biden insults black women before nominating Kamala Harris. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast o
Aug 12, 2020 • 1:00:15
Trump’s executive orders are bad economics and unconstitutional – Ep 600
Gold is up for 9th consecutive week. Gold stocks scaling a wall of worry. Clock is ticking on TikTok and WeChat. Trump acting more like a king than a president. US government more dangerous to Americans than China’s government is. Jim Rickards is wrong on inflation. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR
Aug 9, 2020 • 50:05
Cat 2k Hurricane Goldie blows through Comex – Ep 599
Gold breaks a new milestone at $2000. New thousand dollar milestones will start dropping like dominos. https://www.instagram.com/stories/peterschiff/2368614209700051718/ GDX makes a new high for the year. Crashing dollar will leave many broke millionaires. Fed codifying commitment to reckless money printing and endless inflation. 16 year olds lip-syncing is not a national security threat. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/
Aug 4, 2020 • 40:59
U.S. Treasuries are Junk Bonds – Ep 598
July ends with record monthly closes. Apple becomes world’s most valuable company. Gold settings records. Silver has its best month since 1979. US Dollar has lost better than 99% of its value. Slow orderly decline could turn into rapid disorderly crash. 10 and 30 year Treasury Bonds close with lowest yields in history. This is the 1970s on steroids. Jerome Powell levels up on not thinking about rates. Meals & Entertainment back on the menu for tax deductions. Trump’s Kodak moment is not a pr
Jul 31, 2020 • 50:56
What the dollar losing reserve status portends – Ep 597
Gold and silver rise as the dollar falls. Bitcoin getting pumped - watch out for the dump. Don’t go all in on gold. Quantitative easing is here to stay. American’s will be much poorer when the dollar loses its reserve status. Republicans introducing $1 Trillion stimulus bill - Democrats say it’s too small. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.faceb
Jul 28, 2020 • 1:04:20
Schiff and Pomp Live on Bitcoin and Gold
Peter Schiff and Anthony Pompliano discuss the big rise in gold, silver, bitcoin, and crypto. Recorded live July 26th 2020. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/Rea
Jul 28, 2020 • 1:39:14
The ADA has disabled the disabled for 30 years – Ep 596
The road to hell is paved with good intentions. The ADA further disables the disabled. American Samoa was crippled by the Fare Wage Act. Discrimination laws create more discrimination. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffG
Jul 26, 2020 • 1:13:14
Gold’s record close above $1,900 – Ep 595
US dollar begins it’s decline. Financial news ignoring the biggest financial story out there. Intel and Tesla move into bear markets. Gold up 50% over Trump’s 3.5 years in office. A brief history of legal tender in the US. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com
Jul 25, 2020 • 37:30
Investors remain oblivious to gold’s warning – Ep 594
Gold prices tease $1900. Big gains in silver, but that bull market has barely started. CNBC oblivious to what this means for economy. Trend broken of declining unemployment. A dollar crisis is much worse than a financial crisis. Wall Street learned nothing from 2008. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FO
Jul 23, 2020 • 46:35
What silver’s breakout really means – Ep 593
Investor money still piling into at-home stocks. The world is going back to a gold standard whether the Fed wants one or not. Massive moves in silver coming. Traders unwinding short spreads on precious metals. The canary in the coal mine is dropping dead. The coming crash will likely be worse than I ever imagined. New government relief package in the works, but we really need relief from the government. You get less of what you tax and more of what you subsidize. Payroll tax is a tax on jobs. St
Jul 21, 2020 • 56:20
My Joe Rogan Experience – Ep 592
Why I interrupted Joe Rogan. Are capitalists mean? Dictionaries changed the definition of inflation. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Fa
Jul 17, 2020 • 1:09:27
Confiscatory taxation is coming – Ep 591
Gold passes $1800 and reaches all time highs in every currency in the world except the US dollar. China may cut US from trade. China propping up US dollar so US may not be able to buy from anyone soon. 600 financial firms took forgivable PPP loans. Entrepreneurs created the middle class. Biden wants equal outcomes, not equal treatment. Estate Tax is unconstitutional . Big tax hikes coming. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com
Jul 11, 2020 • 1:09:08
Gold keeps knocking on 1800’s door – Ep 590
All indexes in the red today. Closed down college towns is more bad news for banks. Massive support built for gold’s bull market. Gold stock fundamentals continue to improve. Fascism is Socialism. Episode Sponsor: ExpressVPN Get an extra 3 months Free on a one year package.: https://ExpressVPN.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.Sc
Jul 8, 2020 • 48:02
Peter Schiff’s Independence Day Remix
The Peter Schiff Show Podcast Ep 264: https://youtu.be/vdnF9t-kHt4 The Peter Schiff Show Podcast Ep 265: https://youtu.be/onMqKwyhKLw The Peter Schiff Show Podcast Ep 368: https://youtu.be/XGqHMoY7ris RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter S
Jul 6, 2020 • 1:00:35
Jobs and Stocks Are Nothing to Brag About – Ep 589
Trump disingenuous about job creation. Employment numbers should be taken with a grain of salt. The relapse has started. Gold is a coiled spring and the market is primed for a huge move up. Check out Larry Elder’s documentary “Uncle Tom” https://uncletom.com/ RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http:
Jul 3, 2020 • 1:08:56
Gold Is The New Gold – Ep 588
Air going back into the bubble is fueling Q2’s phony rally from Q1. Spectacular gains in the gold stocks eclipse the gains in the Dow, Nasdaq, and S&P. Gold breaking out and stealing the spotlight from Bitcoin. The dollar privilege, enjoyed by all Americans, is about to go away. When the dollar loses its reserve status, gold will take its place. Congress and the Fed open the door for reparations. The income tax is racist! RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.fa
Jun 30, 2020 • 59:43
The V-shaped recovery narrative is falling apart – Ep 587
As I predicted, US stock market continued to be under pressure throughout the week. Financial stocks lead lower by Goldman Sachs. Companies that can’t make money need to go out of business. Betting odds overwhelmingly favor Democrats victory in White House and Senate. House of Representatives pass bill to make Washington D.C. the 51st state. When Republicans lose the Senate in November, they may never get it back. Elizabeth Warren has inside track on Secretary of Treasury in Biden cabinet. Euro
Jun 27, 2020 • 55:04
The Dollar Milk Shake Theory is all Wet – Ep 586
I’m going on the Joe Rogan Experience July 14th. I’m speaking at FreedomFest July 15th and 16th. Gold is the last safe haven left standing. Trump an even bigger underdog than he was in 2016. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook
Jun 25, 2020 • 49:54
During bad times, a good Fed Chair is not popular – Ep 585
Strong signs we’ve exhausted this bear market rally. Dollar and Bitcoin bottoms ready to drop from under them. Real estate sales masking underlying weakness in market. Trump is the Republican Jimmy Carter. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schi
Jun 20, 2020 • 50:42
Fed buying junk bonds to reward speculators – Ep 584
Powell testifies in front of the Senate. Fed beholden to Wall Street speculators. The nail is in the coffin. We are the future generation that has to pay for the Fed’s profligacy. We’re in the lull before the storm. Dollar crash looming. I touched the third rail and the mob has come to get me fired. The bar has been lowered, letting real racists off the hook. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER
Jun 17, 2020 • 1:14:01
Trump damage control falls flat as stocks tank – Ep 583
Wall Street sees a sea of red. Fed is stealing your purchasing power and giving it to someone else. Government should be lightening the burden it places on the economy. Trump should make big cuts in government spending. Market still in denial over likelihood of Democrats winning the White House and Senate in November. Bernie Sanders won whether he’s on the ticket or not. Democratic Socialism and slavery reparations are coming to America. The crisis is just beginning for Bitcoin. RATE AND REVIEW
Jun 11, 2020 • 38:40
Powell admits to Fed’s Monetary Hail Mary – Ep 582
Fed not thinking about thinking about raising interest rates. We dodged a bullet and stepped on a land mine. Fed gives green light on more stimulus. Fed creating an inflation episode for the history books. Mania in stock market driving short-lived successes on Robinhood app. Other currencies will collapse with the dollar. Episode Sponsor: ExpressVPN Get an extra 3 months Free on a one year package.: https://ExpressVPN.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://
Jun 11, 2020 • 1:07:50
Paying Employers to Recall Workers Boosted Payrolls – Ep 581
Shocking jobs numbers. Shipping industry virtually non-existent in America due to Jones Act. White privilege didn’t save Tony Timba. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter:
Jun 5, 2020 • 1:03:22
Printing Money Matters – Ep 580
Government policies destroy the economy and enable racial injustice. Capitalism is the solution. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiffPr
Jun 3, 2020 • 1:10:49
Looting is Socialism without the Middle Man – Ep 579
Rioting now being used to advance Socialist policies. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiffOur Sponsors:* Check out Kinsta at https://ki
Jun 2, 2020 • 33:49
We Need to Print the Money to See Where it Goes – Ep 578
Big moves in gold and silver. Jerome Powell admits that things are so bad, it’s worth the risk of killing us with the cure. Personal income surges by 10.5% as consumer spending declines by 13.6%. Mark Cuban thinks money printers are the economic fountain of youth. Goldman Sachs couldn’t care less about Bitcoin. Trump shifts blame from the Federal Reserve to China. Check out The Bubble film: https://thebubblefilms.com/ My 1987 correspondence with Alan Greenspan: https://schiffradio.com/my-1987-co
May 29, 2020 • 1:32:03
Do the Math: The U.S. is an Insolvent Zombie Nation – Ep 577
Market rallying on hope and hype. Trump’s odds of winning re-election continues decreasing. Chinese trade deals unwind. Stimulus more dangerous than virus. Everything that can go wrong, likely will go wrong, all at the same time. American taxpayers stuck with 8 years of tax debt and counting. We are a zombie country and the world is about to find out we’re insolvent. Jerome Powell saying the antithesis of what a Fed Chair should be saying. Investors have a lot left to learn, which leaves gold st
May 27, 2020 • 55:27
Paul Krugman & Stephen Moore Agree – Ep 576
Paul Krugman & Stephen Moore are both advocating the same policies. Price for plane tickets are skyrocketing. Q&A RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.
May 23, 2020 • 1:28:08
Fed To Go All-In On No-Limit QE – Ep 575
Markets rose yesterday on promising vaccine news and Jerome Powell interview. Printing money doesn’t solve economic problems, it compounds them. Powell admits there is no limit to the amount of inflation the Fed will create. Gold stocks make new highs for the year. Another big jump for the price of silver. Best way for some to buy gold right now is with silver. Government borrowing half of the money it spends. Most of the world’s currencies at all-time records lows against gold. RATE AND REVIEW
May 19, 2020 • 50:21
Nothing That Can’t Last Forever Will -Ep 574
Quiet day in the stock market. More jobs lost than expected. Fed’s balance sheet moves through $7 Trillion. Ron Insana says big deficits are not a problem. Next crisis will happen overnight. Retails sales declining fast, even as shoppers hoard groceries. Netflix and Amazon are not COVID investments. Federal Reserve illegally grabbed the authority to do what It’s doing. Gold is at the beginning of a big rise. Buying the stock market is not contrarian. Bitcoin is not an inflation hedge. Q&A RATE
May 15, 2020 • 1:21:55
The Debt Bomb Has a Shorter Fuse Than Anyone Thinks – Ep 573
Financials take out new lows today before rallying the market positive. Tech stocks providing false sense of security for the markets. Powell throws cold water on negative interest rate expectations. Trump beats the drums demanding negative interest rates. Betting odds increase on Democrats taking the Senate. Congressman now proposing to pay people to go off unemployment. Restaurants will not recover from this. Entrepreneurs and business owners are the real heroes, not teachers. Swedish response
May 14, 2020 • 49:06
Ignore the CPI: Inflation is a Huge Problem – Ep 572
Stock market drops. CPI lowest since 2008. Prices will begin rising higher and sooner than most expect. $2000 monthly UBI proposed for Americans as young as 16 years old Socialists love coronavirus even more than they love climate change. Norwegian Airlines sets an example the US should follow. Bitcoin halves. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http:/
May 12, 2020 • 53:04
Most of the Lost Jobs Aren’t Coming Back – Ep 571
Market rallies on worst jobs report in history. Decimated gig economy isn’t even factored in. Majority of service industry jobs are not coming back. If nobody’s producing, nobody’s consuming. Market’s now factoring in negative interest rates. Second wave of layoffs coming. Businesses now at risk of regular shutdowns. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News
May 9, 2020 • 1:13:43
The Economy is Far Weaker than Investors Believe – Ep 570
Fog lifting on the recovery narrative. Tech stocks strong on hope. Government ready to sacrifice other businesses to save Boeing. Fed feeding the same BS from 2008 about unwinding stimulus. Financial stocks are the canaries in the coal mine, and they’re dropping dead. National Debt passes 25 trillion dollars. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://
May 6, 2020 • 56:16
Has Reality Ended the Bear Market Rally? – Ep 569
Government encouraging people not to work. Jim Cramer’s restaurant can’t stand the heat. Businesses at increased risk for lawsuits. Nobody is forced to go to work. Democrats don’t believe all women. Q&A. Link to my Standup: https://www.youtube.com/watch?v=ne__pTRAenc&t=42s RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy m
May 2, 2020 • 1:18:23
It’s Time to Worry About the Debt When the Fed’s Not – Ep 568
Final trading day in April will go into the record books. Markets ignoring more bad economic data. Jerome Powell flashes the green light to buy gold. US considers suing China and defaulting on debt. Money supply surges by a third of a trillion dollars in a week. Major housing real estate disaster before us. Travon Martin Hoax Free Video: https://youtu.be/QAw5ykIPOBM RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWS
Apr 30, 2020 • 49:48
The Era of Big Government Never Ended – Ep 567
More bad data getting a pass. Confidence doesn’t drive an economy, but it does reflect bubbles. Trade deficit imbalance getting worse. You cannot consume what has not been produced. We’re still paying taxes imposed to win WWII. Jeff Gundlach blocked me. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.t
Apr 29, 2020 • 1:04:38
The Debt Time Bomb May Soon Detonate – Ep 566
Inflation video: https://www.youtube.com/watch?v=pwI3Nya5L9g The economy was sick long before the coronavirus. Businesses need big government to bail them out because of big government. The economy will be a lot smaller at the end of this year. Economic stimulus is actually a sedative. Working from home will be a lasting change that will affect real estate. Q&A Register for the Money Show virtual event: http://schiff.moneyshow.com/ RATE AND REVIEW the Peter Schiff Show Podcast on Facebook.
Apr 25, 2020 • 1:40:21
Soon Even The Village Idiot Will be Buying Gold Stocks – Ep 565
Gold stocks a coiled spring; prices already doubled in one month. Paper gold might end up as just paper. More money for small businesses will be fraudulently claimed by big businesses. People are about to find out he economy isn’t a light switch and won’t just switch back on. Gold has no ceiling and the dollar has no floor. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gol
Apr 22, 2020 • 45:30
First Negative Interest Rates, Now Negative Oil Prices – Ep 564
Oil prices collapse into the negatives. Lower oil prices are still inflationary. Gold ETFs beginning to look risky as supplies lag demand. Oil and gold may be the one-two punch that takes out the dollar. The gold standard is coming back. Unlike oil, at least Bitcoin will only go to zero. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/new
Apr 20, 2020 • 43:23
Government will Kill More Businesses Than it Saves – Ep 563
Optimism in market from progress toward vaccine. Wall Street showing their bias against gold stocks. Fed’s balance sheet climbing toward 7 trillion. Bailouts will kill businesses. Q&A RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook htt
Apr 18, 2020 • 1:36:12
Self-inflicted Wounds Can Be Just as Fatal – Ep 562
Markets rallied yesterday and surrendered it all back today. Financials did not participate in yesterday’s rally, signaling trouble ahead. Banks getting backdoor bailouts. Lenders clamping down on mortgages as housing market prepares to collapse. Donald Trump buys votes with voters’ money. 2020 Election comes down to a Democrat vs. a Democrat. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.eur
Apr 16, 2020 • 45:05
Gold Smokes Bitcoin – Ep 561
Gold hits 7 year high and is still cheaper than it’s ever been. Mining stocks even better bargain than the metals. Amazon and Netflix overvalued and waiting for bottom to drop. Don’t fight the Fed. Still not too late to buy gold. Presidential election will be a bidding war for benefits and handouts. US is producing less of everything except for money. Real estate prices are going to collapse. Cigarettes are a better currency than Bitcoin. RATE AND REVIEW the Peter Schiff Show Podcast on Faceboo
Apr 13, 2020 • 54:25
More QEs than Super Bowls – Ep 560
Another week, another multi-trillion dollar Fed program. Government spending has to be paid in either taxation or inflation and we’re about to pay for it in spades. Trump draining the whole country instead of just the swamp - will add more debt in 4 years than Bush did in 8. Unemployed will stay unemployed for a long time. We’re buying time before an explosive rise in gold prices. You can’t outperform a bubble. Betting against the economy is not the same as rooting against the economy. RATE AND
Apr 9, 2020 • 58:01
Former Fed Chairs Still as Clueless as Ever – Ep 559
Markets overly optimistic that the worst is behind us. Trump keeps his friends close and his enemies closer - gets Kudlow to repudiate everything he spent an entire career advocating. Fed chairs past and present are clueless. RINO DJT joins the ranks of FDR, JFK, and LBJ Dems. Must watch Janet Yellen exposed videos referenced in this podcast https://www.youtube.com/watch?v=rfLlF1vtit8 https://www.youtube.com/watch?v=Z-9aZrmYEqk RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https:/
Apr 8, 2020 • 56:48
Is Recovering from Depression to Recession a Recovery? – Ep 558
Jobs numbers came out today and the news didn’t matter. Art Laffer knows there’s no free lunch - calls stimulus taxation. Nothing is as permanent as a temporary government program. S&P reaffirms US AA+ rating. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Pete
Apr 3, 2020 • 45:26
The Tide is Out and Everyone’s Been Swimming Naked – Ep 557
China cashing in treasuries for oil. Unemployment exploding. Bankruptcies and layoffs to continue. The old saying about the piper having to be paid is an old saying for a reason. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://ww
Apr 2, 2020 • 36:56
The Fed’s Medicine Makes the Economy Sicker – Ep 556
Trying to fix this economy is like trying to unscramble an egg. Government short circuiting capitalism. Investors will rush to sell and there won’t be any buyers. Politicians exploiting coronavirus to grab power, buy votes, hide blame. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealC
Apr 1, 2020 • 37:54
Printing Money Doesn’t Make Government Free – Ep 555
Full speed ahead to hyperinflation city. Congress passed a 2.2 trillion dollar bill and already want more. Employment is a hazard. Unemployment may become a gravy train. Inflationary pressure mounting as companies retool their factories to make masks, ventilators, sanitizer, and other coronavirus related products. Donald Trump is now the president of the United States AND the chairman of the Federal Reserve. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/Pet
Mar 31, 2020 • 40:15
America is Already a Socialist Nation – Ep 554
Here's the link to Dave Ramsey agreeing with Peter Schiff: https://www.youtube.com/watch?v=3jsQ-EdQYVU Thomas Massie vilified for having integrity. Every other Republican should change their party affiliation to Democrat. Bankruptcies don’t destroy industries — they destroy moral hazards. Bernie may be a socialist, but Trump is officially a communist now. US government now has the authority to nationalize any business in the country, providing the mechanism for a communist revolution without fir
Mar 27, 2020 • 37:24
Bernie Sanders has already won – Ep 553
Market rallies on relief of stimulus bill passing and biggest government expansion since the New Deal. Increasing evidence that this will be the longest bear market in history, like the fact that the “experts” on CNBC believe the opposite. Dollar starting to sink as fed dilutes its value with endless money printing. The Greater Depression has just begun. Unemployment now more lucrative than employment. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchi
Mar 26, 2020 • 31:42
QE Infinity and Beyond! – Ep 552
The Dow had the biggest rally today since 1933 during the Great Depression. Physical gold market is selling out of inventory. Stimulus package dragging on as Democrats pack in the porkbarrel. The digital dollar is coming. Pandora’s box has been opened on landlords. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy m
Mar 24, 2020 • 32:57
LIVE: QE infinity is here!
Spread the word. Help make knowledge go viral! RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiffOur Sponsors:* Check out DeleteMe
Mar 24, 2020 • 3:35:07
The Bubble Behind the Virus – Ep 551
Volatile day and week for the Dow, which ended down almost a thousand today.. The sacrifices we made in WWII are completely different than the sacrifices we’re making now Milkshake theory is working, for now. IRS deadlines should be postponed to Election Day. Gold seeing more buyers; Bitcoin seeing less. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gol
Mar 20, 2020 • 40:47
Helicopter money was meant to be a joke – Ep 550
Dow ends it’s streak of thousand point moves after 8 consecutive days. The unemployment claims are skyrocketing and they’re going to increase. America lost every war it ever fought. The government will not let this coronavirus crisis go to waste. CNBC brings in captains of industry to weigh in with their bad ideas. CEOs are looking for bailouts to protect their ownership of the companies, not the companies themselves. Helicopter money was a term invented as a joke. Now the joke’s on us.
Mar 20, 2020 • 51:00
LIVE with Peter Schiff: The Real Crash Is Here
Peter Schiff is live and taking your questions as his predictions of the Real Crash unfold before our eyes. Streamed live March 18th. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me
Mar 19, 2020 • 4:30:06
Wall St. Bailout 2.0 – Ep 549
Another day, another couple trillion dollars in QE. Fed doing everything they can to prevent market forces from raising interest rates to a market clearing level. Sometimes stocks trade on peoples’ emotions and we’re seeing a lot of that now. Today marked the seventh consecutive day that the dow has moved by 1000 points. Markets surge on Trump’s promise of helicopter money and bailouts. Dollar rallies sharply on what may be a technical head-fake. Gold likely finding it’s bottom and set to go h
Mar 18, 2020 • 51:23
Fed cuts rates to zero, ramps up QE – Ep 548
Fed finally did what I’ve been saying they would for years: cut rates to zero with the biggest point cut in history. Powell afraid to call it QE. There are no atheists in foxholes; there are no free-market capitalists in a recession. If we fought WWII with bailouts, like the way we’re fighting coronavirus, we’d be speaking German now. Waiting in line for food and toilet paper does not mean business is booming. Neither is having full hospitals. More records broken today as the Dow lost almost
Mar 17, 2020 • 44:15
Bailout spreads nationwide – Ep 547
Dow up almost 2,000 points today; a record point gain, 10th biggest percentage gain, with most larger gains occurring during the bear market of the 1930s. We had a lot of stock market firsts this week and it was one of choppiest weeks on record. Trump announces beginning of national bailout including open-ended moratorium on student interest loans, allowing debtors put their loans into deferment indefinitely and never pay them again. Trump leaves door open to bailout any industry in the country
Mar 14, 2020 • 49:40
Fed’s QE “cure” is fatal to the economy – Ep 546
Market reacted poorly to Trump’s Wednesday night coronavirus address. Today’s historic drop was the biggest since the 1987 crash. Fed’s cure will be worse than coronavirus and fatal for US economy. QE5 coming with more cheap money and artificially low interest rates. CNBC says this is nothing like 2008, but everything about it is like 2008. Jim Cramer proposes the US government suspend collecting taxes, increase all spending — and print all the money needed to pay for it. Short term noise and
Mar 13, 2020 • 43:48
Longest bull market in history officially ends – Ep 545
Longest bull market in US history is officially over and it’s the fastest we’ve ever gone from record highs to a bear market. The same financial anchors who said not to worry about the banks in 2008 are saying the same thing now. Dollar gained on yesterday’s strength, but still in a downtrend. Gold prices acting very similar to 2008. Biden can’t lost and Trump can’t win. Kudlow saying the same nonsense he was saying as a cheerleader of the President’s economy, except now he’s actually a play
Mar 12, 2020 • 34:52
Did fiscal stimulus just prick the bond bubble? – Ep 544
Markets, bitcoin, and the dollar had a Reversal Tuesday fueled by Trump’s promise of massive artificial fiscal stimulus. Trump trying to buy a second term, but with democrats holding stimulus hostage, stimulus will come with socialist labor laws and Keynesian helicopter money. Betting markets see now see Trump as the underdog. Mandated paid sick leave will hurt employees. Bailouts for oil, airlines, hotels, and cruise ships are just another backdoor bailout for the banks. While all the safe-ha
Mar 11, 2020 • 42:15
It’s not the oil, it’s the debt – Ep 543
Oil war that began today will bankrupt many US companies. 60% of stocks in Russell 2000 are lower now than when Donald “the stock market president” Trump took office. Financials continue to get clobbered and stimulus won’t help them this time. This time nobody will believe QE is temporary or interest rates will normalize. Australia looking to repeat the mistakes of others central banks. Gold broke $1700 today, but didn’t break out. All the babies were thrown out with all the bathwater, includin
Mar 10, 2020 • 39:01
Financial conditions are rapidly deteriorating – Ep 542
Week closes out with another big drop in the markets. Nasdaq and Russell 2000 hit new lows. Russell 2000 on-track to have lost value during Trump’s four years in office. Oil prices are plunging, which is bullish news for gold mining companies as their production costs decrease and gold prices increase. Fed’s balance sheet rose by a whole month's worth in one week and it looks like that trend will continue in the weeks to come. Fed’s crisis hasn’t even begun. RATE AND REVIEW the Peter
Mar 7, 2020 • 33:57
Multiple bubbles pricked by same pin – Ep 541
Another huge move down in the markets today. Heavy carnage in the banks as treasury yields plunge. Fed’s days of bubble blowing are over. Next dose of stimulus will be the overdose. Coronavirus may be the pin that pricks stock market, bond market, and bitcoin bubbles. More bad news expected as the only previously strong jobs market, travel and leisure, starts to suffer from coronavirus. Layoffs will trickle through the economy quickly. RATE AND REVIEW the Peter Schiff Show Podcast on
Mar 6, 2020 • 33:14
The Fed’s gonna need a bigger rate cut – Ep 540
* More bearish technical signs in the market. Fed issues an historic 50-basis-point, inter-meeting, emergency rate cut. Investors are realizing Fed can’t cure the coronavirus or the markets with their rate cuts. * Fed’s rate cut is decisively bullish for gold and silver. As the market was tanking, gold had one of it’s best days in a while, signaling more strength ahead. * Who were Friday's gold sellers? * Better to have been early and right, than late and wrong. The Real Crash is coming
Mar 4, 2020 • 34:43
Stimulus overdose to propel gold to new highs – Ep 539
Bear markets have notoriously big rallies as they fall down the slope of hope. Today’s record breaking 1200 point rally in the Dow may be an example of that. Markets betting on a 50 basis point rate cut to interest rates and more quantitative easing. Part of the market rally likely also due to diminishing chance of a Bernie Sanders presidency. But Biden will also be bad for the markets and he has a greater chance of winning Nothing goes up in straight lines. Bull markets have notoriously big d
Mar 3, 2020 • 33:40
When a market priced for perfection doesn’t get it – Ep 538
* Dow down 404% with a record 1200 point drop. * Coronavirus damage to the market cannot be undone * Major discounts in the gold mining stocks * Coronavirus task force is more like a plunge protection team for the stock market * Fed’s bullets may no longer work against superman bubble * I have a PR problem in PR RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac
Feb 28, 2020 • 38:10
Bitcoin pumpers forced to admit it’s not digital gold – Ep 537
US stock market pounded again for the 6th day in a row. Two back to back days with markets down 3%. The only time it’s ever happened three days in a row was during the great depression. Gold living up to its role as a store of value. Bitcoin fails the test as a reserve currency. Bitcoin pumpers forced to admit it is not digital gold. It’s digital risk. Democrat candidates pander against each other. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.faceb
Feb 27, 2020 • 44:36
Gold will be the only safe haven left standing – Ep 536
* All major indexes down and looking weak. * Bubble is looking for a pin and coronavirus might be it. * Dumb money is piling into treasuries. Safe-haven money is moving to gold. * CNBC still obsessed with bitcoin. Remains silent on record breaking gold prices. * Warren Buffet thinks Bitcoin is garbage and it’s going to $0. * Baby Boomers sowed the winds for socialism. * If you thought Obama was bad with executive orders, just wait for a President Sanders. * The markets will dro
Feb 25, 2020 • 46:55
Bonds are the bubble, gold is the pin – Ep 535
* Significant moves in the bond market today. * Coronavirus is inflationary. * US has never been less credit-worthy than it is right now. * US treasuries have the lowest yields in history and are GUARANTEED TO LOSE money. * Bond market is now undisputedly a bubble, but CNBC spins a different view. * I won a bet. * Perspective is everything when it comes to an investment strategy. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchi
Feb 22, 2020 • 53:05
CNBC dismisses Citi’s $2k gold call and pumps Bitcoin instead – Ep 534
Liz Claman has a new podcast called “Everyone Talks to Liz Claman.” It’s a great show and I was on it earlier this week where I talked about growing up, some personal stories, and things you haven’t heard me talk about in other interviews. I highly encourage you to check out the episode here. Coronavirus continues to help the dollar, but is helping gold even more. Gold’s bull market continues upward as more countries see their currencies lose record value to gold. Citibank calls for $2k gold w
Feb 21, 2020 • 53:09
QE won’t cure the Coronavirus or the economy – Ep 533
Coronavirus may be worse than anyone thought, but why aren’t the markets worried? Gold mining stocks looking positive again. Underlying weakness in the dollar being revealed in gold. Obama and Trump are fighting over a booming economy that doesn’t exist. 1/3rd of Americans run out of money between paychecks. Over 25% of households spend half or more of their income on rent. Delinquencies on auto-loans are higher now than they were at the worst part of the great recession. Bernie Sanders h
Feb 19, 2020 • 47:04
The political center keeps moving left – Ep 532
Nobody seems to be talking about the downward revisions in the jobs reports, particularly for 2018. Trump’s celebrated jobs numbers have been revised down 370k jobs for that year. Obama’s weak jobs record is better than Trump’s. A lot more jobs were created in the last 3 years of Obama’s presidency than the last 3 years of Trump’s. Deficits are exploding through the roof. Trump is setting records in government debt, but thanks to Trump and the Republicans, no one cares about the deficits anymo
Feb 13, 2020 • 1:01:48
The Trump Show – Ep. 531
The impeachment trial of Donald Trump ends no real surprise, he was acquitted. The whole thing came down along party lines and was all calculated political theater and posturing for the 2020 election. But the real theater was during Trump’s State of the Union last night. Trump pitched socialist policies and touted his fake Chinese trade deal. He spoke to Congress for 90 minutes and not once mentioned the national debt. Since Trump took office, trade deficits have increased and manufacturing job
Feb 6, 2020 • 59:24
Coronavirus excuse masks nascent bear market – Ep. 530
“So goes January, so goes the year.” If the old adage is true, this could mean the longest bull market in history is coming to an end. And from a political perspective, it couldn’t come at a worse time. Another adage in investing is “buy the rumor sell the fact.” I mentioned in a recent podcast that investors would soon be selling the facts behind Trump’s trade deal. Well, it didn’t take very long for the markets to find a reason to sell. The markets were clobbered today and contrary to what t
Feb 1, 2020 • 46:49
Sanders surge more dangerous than coronavirus – Ep. 529
Weak days for the stock market Friday and Monday will likely be blamed on the coronavirus. The real virus to be concerned about is Bernie Sanders as he infects more voters with his rapidly spreading burn. Bernie Sanders was on Phil Donahue in 1981 when it made news that a Vermont town elected a Socialist mayor. Phil Donahue asks if he believed in competition. Bernie Sanders said no. He said he believes in cooperation, a.k.a. Socialism/Marxism/Communism. Bernie has certainly been very consiste
Jan 28, 2020 • 47:40
Capitalism empowers people. Socialism empowers government – Ep. 528
While I was at VRIC, Trump was in Davos touting to other world leaders the “unmatched” period of prosperity America is experiencing, thanks to him. Trump claims that nobody benefits more from his presidency than the middle class. In reality, the only people benefitting are the asset owners - the 1%. There are more women than men in the workforce for the first time ever. Housing prices and household income are at all-time highs. Trump spins these as signs of a healthy economy, but the opposite
Jan 23, 2020 • 59:56
The Art of the Fake Trade Deal – Ep. 527
Dow Jones closed above 29,000 today for the first time ever. Part of the impotence of this rally has been anticipation of the trade deal with China, but the majority of the rally is due to the policies of the Fed as it quietly returns to quantitative easing. The so-called good news of the trade deal is in the past and traders who were buying the rumors may start selling off on the facts. Especially since the facts of the trade deal didn’t even live up to the rumors. The trade deal is a big fat
Jan 16, 2020 • 1:01:40
War is off so risk is on – Ep. 526
Tensions between the U.S. and Iran are less diffused than everyone seems as the propaganda strengthens on both sides of the political theater. NASDAQ, Dow, S&P hit new record highs. Trump is eager for Dow to hit 30k so he can tweet up a storm claiming credit. Risk premiums for crude and gold are still there although gold mining stocks got obliterated as war became less imminent. Investors were spooked as gold dropped from $1610 to $1540 in a 24 hour period. Despite gold mining stocks getti
Jan 10, 2020 • 49:19
Iranian missiles launch gold past $1,600 – Ep. 525
We had a break-through in gold, which I predicted could happen. That means there’s a very good chance gold is done going down. All signs point to a big bull market in gold and the window of opportunity to get in on it may be closing rapidly. While recording this podcast, reports of a U.S. airbase in Iraq under attack from Iranian missiles launched gold above $1,600. It’s amazing how little people understand about how well gold mining stocks are performing. While the S&P has returned 72% ove
Jan 8, 2020 • 1:00:55
Gold climbs wall of worry to $1,550 – Ep. 524
Markets off to a volatile start for the new year. U.S. assassinates an Iranian military general driving up safe haven investments like oil, gold, Swiss Franc, Japanese Yen, Treasury market. Gold outshines them all. But is the world safer or more dangerous than ever? Bitcoin touted as the best performing asset of the decade. But it’s not that simple. CNBC thinks the hardest job for the Fed is creating inflation. The biggest problem is really their inability to stop inflation. The monetary spig
Jan 4, 2020 • 48:32
Ringing in a Decade of Stagflation – Ep. 523
Second to Last Trading of the Decade... All of the major U.S. stock market indexes finished the second to last trading day of this year in the red. Although, it's not just the second to last trading day of the year, it is the second to last trading day of the decade. Technically speaking, I know the next decade doesn't really start until January 1, 2021, but practically speaking, it's going to be the 20's. So, to me, that's a new decade. Closing With a Gain of About 30% in the S&P So let's just
Dec 31, 2019 • 1:03:41
America’s Economy Is the Biggest Bubble Ever – Ep. 522
Liz Claman, Gene Epstein, Jim Grant, Peter Schiff, David Tice, Tom Woods at the NYC Premier of Jimmy Morrison's "The Bubble" Order The Bubble here November Personal Income and Spending Positive On Friday, all of the major U.S. stock market indexes finished the day and the week positive, in record territory. The only index not in record territory (but it did make a new 52-week high) is the Russell 2000. The supposed catalyst for Friday's optimism was a better than expected report on Personal Inco
Dec 21, 2019 • 58:56
Trayvon Martin Race Hoax Exposed – Ep. 522
Narrative of Racism So I decided to record a special edition of the Peter Schiff Show Podcast, and it's very important topic, and I also wanted to include some video. It's not directly related to the economy or the markets, but really, indirectly, it is, because this nation is being pushed to the left by a lot of false narratives. One of them, being racism, particularly when it comes to the issues of wealth disparity and trying to blame the difference in wealth between African Americans and the
Dec 18, 2019 • 1:04:18
Phase One Is a Truce, Not a Victory – Ep. 521
U.S. China Trade Deal Rumors are True The U.S. stock market continues to add to its gains; the Dow Jones is up another 100 points today - a new record high: 28,235.89. We were up better than 200 points at one point in the day, but all the indexes are hitting new 52-week, or record highs. Basically, we continue to bask in the light of the U.S. China Trade Deal that on Friday, we finally got news that the rumors of a trade deal were actually true. There actually is a trade deal because the Chines
Dec 17, 2019 • 59:53
Volcker Dies as Inflation Comes Back to Life – Ep. 520
Fed: Interest Rates on Pause Today the Federal Reserve had its last official meeting of the year. And, as was widely expected, the Federal Reserve was unanimous in their decision not to cut interest rates. They didn't even consider hiking interest rates, but they decided not to cut them any further for now. So, they're on a pause. The short-term rates are now 1.5%. The target is 1.5% to 1.75%, and the idea is that the Fed is going to remain there for some time. Now, I don't really think it is
Dec 12, 2019 • 39:48
Justice for George – Ep. 519
The Trayvon Hoax: Unmasking The Witness Fraud That Divided America Jeantel's Lies: Prosecution's Star Witness in George Zimmerman Trial Commits Perjury Special Podcast about a Hoax I wanted to to take some time and record a special podcast today, really having nothing to do with the markets and the economy and just focus on a topic that I haven't discussed in quite some time. I do believe that the politics surrounding this event are relevant to the economy, and to the markets, although, because
Dec 11, 2019 • 39:17
Another Trumped up Jobs Report – Ep. 518
Schiffbooks.com Letusdissagree.com Mene.com Dow Up From Last Week's Trade Deal Woes The Dow Jones closed out the week with 3 plus days in a row, culminating in today's 337 point jump, back above 28,000 - the Dow settling in at 28,015.06. Remember, when I recorded my podcast on Tuesday, we had just finished 3 consecutive down days in a row, and that's been reversed. The catalyst for the decline, prior to my last podcast was negative news on trade. In particular, the news that Donald Trump, a
Dec 7, 2019 • 52:58
Trump Trade Talk Tanks Stocks – Ep. 517
What Phase One? When the Phase One trade deal was first announced, it was October 11, I think was the date. And before that date, nobody ever heard, "Phase One". It was always, "trade deal, trade deal". There was never any talk of Phase One. Then all of a sudden Trump comes out and says, "We've completed Phase One! The Phase One deal is done. We have concluded negotiations, we have come to a deal. We have this great Phase One deal; it's already done. It's in the bag. We've agreed to it in prin
Dec 4, 2019 • 1:08:23
Be Thankful for Capitalism – Ep. 516
Recorded November 26, 2019 The Radical Solution Should Be Free Market Capitalism The problem is, this coming crisis is going to be so bad, it's going to be so much worse than 2008 and you know it's all going to be blamed on capitalism. It's all going to be the left saying "We told you so!" "We cut taxes for the rich, we deregulated. Trump inherited a great economy from Obama and everything he inherited he squandered it with tax cuts for the rich." And things are going to be very tough. People wi
Nov 27, 2019 • 1:05:21
Maybe Trump Can Close a Phase 1A Trade Deal – Ep. 515
What a Shocker The phase one trade deal is not going to happen this year. What a shocker. If you remember, when Trump first surprised everybody and talked about a phase 1 deal. If you remember, it was never phases; it was one big comprehensive Deal. In fact early on, and I've said this before, the President scoffed at the idea that we would negotiate in stages. "That wasn't going to work, It's all or nothing, we need to get the big comprehensive deal. " Then all of a sudden he announces this pha
Nov 21, 2019 • 45:08
QE4 Sends Dow Above 28,000 – Ep. 514
Markets Making More Milestones The Dow continued its weekly winning streak with another milestone, closing above 28,000 for the first time: 28,004.89 to be exact. That's a gain of 222.93. Now, I'm sure everybody is getting their "Dow 30,000!" hats ready, because obviously that's not too far off, now from 28,000. But it's not just the Dow that is setting records and crossing milestones. The NASDAQ - another record high today - up 61.81, closing at 8,540.83. That's the first time the NASDAQ ha
Nov 16, 2019 • 1:02:47
Rich Democrats Secretly Prefer Trump to Warren – Ep. 513
Why is Michael Bloomberg Actively Preparing to Enter the 2020 Presidential Race? I want to talk a little bit about Michael Bloomberg, entering the primary - and the reason that I think Michael Bloomberg is in. Bloomberg is now a Democrat, but he was a Republican. He served as mayor of New York as a Republican for 2 terms. Then, I think he served a third term as an independent. But he was a Republican and now he's a Democrat. The reality is, he is a very middle of the road guy. He's a liberal Re
Nov 13, 2019 • 46:01
Destroying Savings Doesn’t Create Jobs – Ep. 512
Better Luck Next Fall I just got back yesterday from the New Orleans Investment Conference, and I actually came to Connecticut for a few days; I really wanted to experience some of the fall foliage. It's normally at its peak in the beginning of November. But, unfortunately we had a big storm here - a lot of rain, a lot of wind, and it knocked most of the leaves off of the trees. So you know what they say about the best laid plans… hopefully I'll have better luck next fall. Stock Market High on
Nov 6, 2019 • 47:20
It’s Bad Monetary Policy Not a Good Economy – Ep. 511
New Highs in the Headlines We had record high closes today in the S&P 500, the NASDAQ composite; the Dow Jones not quite a new record but still up better than 300 points: 301.13 to be precise. Of course, all of the headlines, and President Trump - they're going to be claiming that the reason that we had these surging stock prices is because we had a stronger than expected jobs report. We got the October nonfarm payroll that came out this morning and it was better than was expected. You had
Nov 2, 2019 • 54:44
Powell Admits Inflation Is Headed Much Higher – Ep. 510
The Fed Slashes Interest Rates for 3rd Time As expected, the Federal Reserve cut interest rates today. This is the third rate cut of this cycle. We're now down to 1.5%. But of course, what everybody has to remember is a year ago, when the Fed was hiking interest rates, the forecast from the Fed was that they were going to continue to hike rates. They were supposed to have another 3 or 4 rate hikes in 2019. And, of course, a year ago, as the Fed was hiking rates, they were still shrinking the
Oct 31, 2019 • 47:03
Government Is the Threat, Not Facebook – Ep. 509
I am Back! I am back! I know a lot of people have been upset that I haven't been able to do a podcast in almost 2 weeks. The reason I've been absent… I just haven't been feeling well. I've been coughing a lot and and haven't been up for doing a podcast - I'm doing one today, though. I'm still a little bit sick… but I figure it's been long enough, so I have to talk a little bit about what's on my mind. Dollar Index Trending Lower First of all, there hasn't been that much activity, I guess, in t
Oct 25, 2019 • 53:19
Trump and Powell Follow the Same Script – Ep. 508
Don’t miss my upcoming appearances: The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 Dow jumps 300 points U.S. stocks finished out the week on a strong note; in fact we broke a 3-week losing streak. This was the first time in 4 weeks that the major averages finished higher on the week. When I recorded my podcast earlier in the week, the week was off to a rough start. But we had a turnaround. In fact, today the Dow Jones was up 319 points on the day - about
Oct 12, 2019 • 36:34
Powell Announces the Fed Is Not Doing QE – Ep. 507
Don’t miss my upcoming appearances: The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 Another Weak Day in the Equity Market We had another weak day in the equity market, so the 4th quarter is starting off on a particularly sour note. The Dow, down 314 points today. Technically speaking, closing right near the lows: down 1.2%. NASDAQ had a much worse day, down 132 points - that's 1.67%. Russell 2000, similarly beat up: 1.7%, down 25 points. The Transports r
Oct 9, 2019 • 27:35
Service Sector to Follow Manufacturing into Recession – Ep.506
Don’t miss my upcoming appearances: The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 The Weakest First Two Days of Any Quarter Since 2008 Before I get into what happened with today's nonfarm payroll number and the 372.68 rally in the Dow that it helped spark, I want to back and talk about what happened on Wednesday and Thursday, which were the 2 days following my Tuesday podcast, from the first day of the 4th quarter of the year. On Wednesday, the market so
Oct 5, 2019 • 49:34
The Party Is Over. Don’t Be the Last to Leave. – Ep. 505
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 First Day of Q4 2019 Today was the first trading day of the 4th quarter of 2019. And if today's action was a harbinger of things to come, it is going to be one difficult quarter for the bulls on Wall Street. In fact, when they rang the opening bell this morning, everybody was happy, the stock market was up, the dollar was up, gold
Oct 2, 2019 • 52:41
Riskiest Assets Leading the Decline – Ep. 504
Check out my podcast, "What it Means to be an American", Episode 265 Earthquake Hits Puerto Rico Last night, I was lying in bed, I wasn't asleep yet; I just finished watching television; my wife and I were still awake, and next thing we know, the house starts shaking. And it kept on shaking. I couldn't believe I was in an earthquake. This was a decent-sized earthquake - it was over 6.0 on the Richter scale. The earthquake occurred in the ocean, but not too far from Puerto Rico. I think it ratt
Sep 25, 2019 • 43:57
Ep. 503: How Government Inflated the Student Loan Bubble
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 These two videos were referenced in today's podcast: How government programs drive up college tuitions Is a college degree worth the cost? You decide Fed Proving Me Right As I surmised, when I recorded my podcast on Wednesday, it seems pretty clear that the Federal Reserve has already returned to quantitative easing. And that did
Sep 21, 2019 • 58:14
QE by Any Other Name Still Stinks – Ep. 502
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 No Surprises from the Fed: Quarter Point Reduction A lot has actually happened since I recorded my last podcast on Friday. I want to start with what happened today and then work backwards. First of all the big news of the day is the Federal Reserve did exactly what the markets expected and reduced interest rates by a quarter point
Sep 19, 2019 • 47:05
Gold to Decouple from Treasuries – Ep. 501
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 Dow 200 Points from Record High It was pretty quiet today in the equity markets; the Dow Jones managed to inch up 37 points, closing at 27,219 but, you know, how we're less than 200 points away from a new all-time record high in the Dow Jones. Long on Bonds? Bad Friday 13th! But the real action today was in the bond market. If you'
Sep 14, 2019 • 56:31
By His Own Definition, Trump’s the Bonehead – Ep. 500
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 Millions of Americans were Affected by the Terrorist Attack on 9/11 Today is the 18- year anniversary of the tragic events that surrounded the terrorist attack on the World Trade Center and the Pentagon back in 2001. I do not wish to make light of the suffering of the individuals who died tragically, not only the people who lost t
Sep 12, 2019 • 1:03:36
Trump Puffs up His Presidency like His Steaks – Ep. 499
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 The Numbers Really Look Bad in Private Payrolls Where the numbers really start to get bad is when you look at the private payrolls. There, they were expecting 150,000 private sector jobs created. The private sector jobs are far more important than the government jobs. The private sector jobs are self-sustaining. The tax payers
Sep 7, 2019 • 49:44
U.S. Manufacturing Weakest in 10 Years – Ep. 498
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 Silver DID Join Gold's Party Back in mid-July I titled my podcast, "Is Silver Finally Joining Gold's Party?". Well, I think we know the answer to that question. Since I recorded that podcast about a month and a half ago, the price of silver is up another 15%. In fact, it's up better than 30% since the end of May. Silver having a s
Sep 4, 2019 • 45:02
Andrew Yang Debunked: Free Stuff Is Not Freedom – Ep. 497
Don’t miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 Let's Debunk Andy Yang's Platform I decided to take a little time out on my Labor Day to record a podcast debunking Democratic Presidential Candidate Andrew Yang. I've been getting a lot of emails about Yang; especially since he did the Joe Rogan Podcast about six months ago. He said a lot of things that certain people fin
Sep 2, 2019 • 1:10:26
The Coming Financial Hurricane Will Be a Cat 5 – Ep. 496
Recorded August 30, 2019 Don't miss my upcoming appearances: The Las Vegas Trading Conference, Oct. 4-5 The Dallas Money Show October 13-14 and the New Orleans Investment Conference, Nov. 1-4 Waiting for Hurricane Dorian When I recorded my last podcast on Tuesday evening, we were getting ready for Hurricane Dorian, which was supposed to pass by the south coast 0f Puerto Rico on Wednesday. But when I woke up on Wednesday morning, the meteorologists had the hurricane pretty much coming right ove
Aug 31, 2019 • 1:01:40
Hi Ho Silver, Away – Ep. 495
Recorded August 27, 2019 Real Significant Action in the Market: Gold and Silver The real significant action today was in the gold & silver market. I wanted to mention today that on Friday, the U.S . dollar sold and then today we're back at 98. So the dollar is not weakening against other foreign currencies. In fact, most people are still talking about the strong dollar. Even Donald Trump talks about the fact that we have a strong dollar. Now, Trump is bothered by the fact that we have a str
Aug 28, 2019 • 57:42
Trump Loses It on Twitter – Ep. 494
Recorded August 23, 2019 A Bad Day for Everybody Except the Democratic Candidates If you are one of the Democrats running for President, today was a pretty good day for you. But it was a bad day for just about everybody else; I guess other than gold investors, which I clearly am, but I'm also an American and I hate to see bad things happening to my country, even though I know bad things are going to happen. I would just rather be among those who profit from these events than suffer additional m
Aug 24, 2019 • 50:19
Media Flips Narrative as Recession Risk Rises – Ep. 493
Recorded August 20, 2019 The Day the Yield Curve Inverted I am finally back in the United States - well, in Puerto Rico, technically is part of the United States, it's a territory - after my extended trip through Italy. I recorded that one podcast, and on the very next day, we had probably the most volatile day in memory. What happened that morning was that we got some weak economic data that came out of China and then we got some more weak economic data that came out of Germany and that immedia
Aug 21, 2019 • 52:48
Gold Traders Still Don’t Understand the Rally – Ep. 492
Catch Peter on Simon Black's podcast, "Sovereign Man" recorded yesterday in Italy. https://www.sovereignman.com/category/podcast/ Catch Me on Sovereign Man There's been a lot of action over the last couple of days in the U.S. stock market. In fact, the market just closed a few minutes ago, as I am recording. It is now after 10pm in the evening here in Italy. If you don't already know by now, I am out here in Italy with my son, and that's why I'm not recording as many podcasts as I normally woul
Aug 14, 2019 • 42:05
The U.S. Economy Was Stronger Without Economic Advisors – Ep. 491
Recorded August 6, 2019 Trade War: New Tariffs and Accusation of Currency Manipulation Yesterday was the worst day of the year for the Dow Jones. At one point, we were down about 950-odd points. I think we closed down under 800; 767 points. But it was a follow-though from the weakness that we had on Friday and the news, too, that we had on Friday about the escalation of the trade war, where Donald Trump announced the imposition of new tariffs on China. Normal Movements in a Currency Market Bu
Aug 6, 2019 • 37:21
Jobs Hype Won’t Work Much Longer – Ep. 490
Recorded August 2, 2019 July NonFarm Payroll Report: Great? Not so Great This morning we got the release of the July NonFarm payroll report, and the general consensus among the analysts seem to be that it was s strong report, a solid report. I saw Larry Kudlow this morning on Fox Business talking about another "solid performance" in job creation. But once again, once you look beneath the surface, and you don't have to look too deep, this is not a good report. The Bar Was Set Pretty Low First of
Aug 3, 2019 • 55:39
Fed Trumped by Tariff Card – Ep. 489
Recorded August 1, 2019 Trifecta Podcasts this Week I hadn't planned on recording a podcast today; I did one yesterday and I figured I'd wait until Friday, get the … payroll numbers and finish up the week with a Friday podcast. But so much action in the markets today, that I just couldn't resist. I knew there would be a lot of people who would be excited to get a podcast today, so we're going to have a trifecta - we're going to have three days in a row of podcasts. Nobody on CNBC saw the Rate
Aug 2, 2019 • 43:05
Rate Cut First Step on the Road to Zero – Ep. 488
I Bet an Ounce of Gold that Fed would Cut Rates Today I officially won an ounce of gold! I am referencing a bet that I made back in January of this year. During a panel discussion, I said that I though that the Fed was more likely to cut rates in 2019, than hike them. I was the only person on the panel who believed that. Everybody else thought that the Fed would be raising rates, which pretty much was the conventional wisdom in early January. Check out My Forecasts in December and January on Y
Aug 1, 2019 • 50:05
Peter Schiff Challenge: It’s Inflation, NOT Deflation
Two Camps: Inflation vs Deflation I did the first live stream a couple of weeks ago; that was on bitcoin. I got a lot of feedback on that one and a lot of people were coming up with potential topics for the next one. I think the most common request was for inflation or deflation: which one is it going to be? Because there are a lot of people out there who see the world similar to the way I do, as far as the problems that are confronting the U.S. economy in particular but the global economy, but
Jul 30, 2019 • 2:45:28
Borrowing Binge Masks Worst Economy Ever – Ep. 487
Participate in my next YouTube Live Challenge next Monday, July 29, 9pm EDT The Topic: It’s Inflation, NOT Deflation What is Really Happening to Corporate Profits? Both the S&P 500 and the NASDAQ rose to all-time record highs today; nominal highs, of course. The Dow Jones didn't quite make it to a new high, it did close better than 50 points higher - 27,192.45, but probably the most interesting thing about the record high, is what's actually happening to corporate profits. I'm talking about
Jul 27, 2019 • 56:19
Trump Buries Tea Party He Once Praised – Ep. 486
Participate in my next YouTube Live Challenge next Monday, July 29, 9pm EDT The Topic: It's Inflation, NOT Deflation Not to Praise the Tea Party but to Bury It President Trump originally won the Republican nomination by appealing largely to what used to be the Tea Party. A lot of Tea Party Republicans ended up embracing Donald Trump; in fact I think a lot of the support that might have otherwise gone to Rand Paul (a Tea Party favorite who went to Washington in 2010 as part of the Tea Part
Jul 24, 2019 • 49:11
Expect More Inflation but Don’t Expect the Fed to Fight It – Ep. 485
A Podcast from Freedom Fest in Las Vegas I'm still here in Last Vegas at Freedom Fest, but I wanted to take some time out to come up to my hotel room here and record a short podcast - otherwise I'd have to wait until Tuesday. There's been a lot of stuff that's happened over the last few days, so I definitely wanted to record something; the quality might not be up to snuff. But I figured I'd talk a little bit about what's been going on in the market. The Action Was in the Metals Markets Really,
Jul 20, 2019 • 21:48
Is Silver Finally Joining Gold’s Party? – Ep. 484
See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using promo code SCHIFF 93 Ounces of Silver for One Ounce of Gold I think the most interesting development today in the market was in the metals market. I've been talking on the podcast for some time about the spread between gold and silver, and the fact that silver has never been this cheap, in terms of gold. The spread got to almost 93:1, where you can buy 93 ounces of silver for one ounce of gold - whic
Jul 17, 2019 • 42:06
Peter Schiff’s Bitcoin Challenge Live Stream
First Live YouTube Event Welcome to the Peter Schiff Bitcoin Challenge. First of all, I have to make a confession. I really was not familiar with YouTube live streaming and live chatting, and so the way I thought about this in my head; I thought that people were going to be able to talk. Like a Skype group conversation. People would be able to actually engage me and make their case in their own voice, and to be able to have a little back and forth. Post a Cogent Argument I didn't realize that th
Jul 16, 2019 • 3:05:34
This Time Rate Cuts Will Backfire – Ep. 483
Tune in to my first live YouTube event Monday, July 15, 9pm Eastern time U.S. Call in and convince me that I’m wrong on bitcoin! DJIA Record High Today Dow Jones set a record high today, closing above 27,000 for the first time ever. We added 227.88 points on the day. We closed at 27,088.08. The record high, 27,088.45 set just before the close. You know, we added to yesterday's gains, the S&P 500 was also up again - not taking out the record that was set yesterday, but we did, for
Jul 12, 2019 • 1:01:00
Moral Hazard and Unintended Consequences – Ep. 482
Tune in to my first live YouTube event Monday, July 15, 9pm Eastern time U.S. Call in and convince me that I'm wrong on bitcoin! More Market News after Powell's Congressional Testimony The markets have been pretty quiet over the last couple of days, so I really don't feel like spending a lot of time on today's podcast talking about the markets. I probably will have more to say, maybe on Thursday when I'll probably do another podcast because Jerome Powell is making his way up to Capitol
Jul 10, 2019 • 1:05:21
Holiday Markets Overreact to Jobs Report – Ep. 481
See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using promo code SCHIFF Markets Up on Low Volume A lot of people on Wall Street probably took today off; after all yesterday was the Fourth of July, the market was closed. On Wednesday they closed the markets early in preparation for the July Fourth holiday. So when you have a Friday where the markets are open, but you have a Thursday when they're closed… most people probably left for the Hamptons on Wed
Jul 6, 2019 • 47:46
Monday’s Gold Drop Flushed out Weak Longs – Ep. 480
Recorded July 2, 2019 See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Markets Worried About Slowing Domestic Economy If you just looked at the U.S. stock market averages, you would conclude that not much happened today, but you would be wrong. Even though the S&P and the Dow and the NASDAQ were only up about a quarter of a percent, or maybe .3% - pretty small days. Although, as has been typical recently the Russell 2000 was down
Jul 3, 2019 • 46:27
Political Reality Could Sink Stocks in 2nd Half – Ep. 479
See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Recorded June 28, 2019 Dow Jones Had Best June Since 1938 U.S. stocks finished a down week on an up note, but the gains were not that large today. But of course, they were very big for the month of June. In fact, the Dow Jones just had its best June since 1938. That was during the Great Depression. S&P, not as big a record; you only have to go back to 1955 to find a June where the S&
Jun 29, 2019 • 54:59
The Fed Has Served Government Well, Not America – Ep. 478
See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Gold: Six-Year High Overnight Overnight the price of gold rose to a six-year high. We almost got to $1440. I think the high I saw was maybe $1438 - 39… we were up about $19 at the high point. Then it became a very volatile session overnight into the wee hours of the morning. But I think by the time we got into the New York time zone, gold was still up about $10-$12-$13 dollars on the d
Jun 26, 2019 • 55:53
Gold Breaks out but Investors Remain Cautious – Ep. 477
Recorded June 21, 2019 See Peter at the Las Vegas Freedom Fest - July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF S&P Record High: Why? U.S. stock market averages finished an up week on a down note. In fact, the S&P 500, before closing negative on the day made a new all-time record high. The S&P is the only major index that did make a new record high this week, in fact Donald Trump tweeted about the record high in the S&P twice yesterday. As soon as the market
Jun 22, 2019 • 48:55
Fed Readies Markets for July Rate Cut – Ep. 476
Visit me at the Benzinga Trading Conference, NYC tomorrow Fed Tweaking Language to Officially Adopt Easing Bias Keeping with its tradition of having a tendency to act incrementally, the Federal Reserve Open Market Committee today announced that it was leaving interest rates unchanged - which was the consensus. There was an 80% probability that the Fed would leave interest rates unchanged. The other 20% was that they would cut rates. So there was a zero percent probability that the Fed would inc
Jun 20, 2019 • 1:07:55
Trump Is Keynes on Steroids – Ep. 475
Recorded June 14, 2019 Gold: Up Today When I recorded my podcast last Friday, I speculated that the price of gold might gap up the following Monday above $1350/oz., but that didn't happen because over the weekend Donald Trump managed to tweet out a face-saving way in which to not impose the tariffs on Mexican products that may have gone into effect on Monday. The markets breathed a sigh of relief. So, instead of gapping up. the price of gold went the opposite direction and gapped down. Fourteen
Jun 15, 2019 • 1:05:09
Trump Defuses His Own Bomb – Ep. 474
Recorded June 10, 2019 Tariffs Off, Gold Gapped Down On Friday's podcast, I speculated that potentially we could see a gap up in the price of gold, gapping above the $1350 resistance level that has capped every gold rally for the past 6 years. But gold actually gapped in the other direction. It gapped down about $13 and it was down all day - never filled that gap. Catalyst for Sell-off The catalyst for the gold sell-off was Donald Trump calling off the tariffs that were supposed to go into eff
Jun 11, 2019 • 58:22
Game over for the Fed – Ep. 473
Recorded June 7, 2019 Dow Finished the Week with a 4.7% Gain The Dow Jones soared 263 points today, although at one point the index was up better than 350 points. But it managed to finish the week with a 4.7% gain. That is the best showing for the Dow Jones Industrials in 6 months and in fact we snapped a six-week losing streak this week. All of the major averages had positive weeks. The NASDAQ - the best gainer on the day; up 1.7% - not quite as strong on the week because it took a shellacki
Jun 8, 2019 • 44:32
ZIRP and QE Are Now Conventional Monetary Policy – Ep. 472
Recorded June 5, 2019 Volatility Led by NASDAQ There's been a lot of volatility in the stock market since I recorded my last podcast on Friday. In fact, on Monday, the tech stocks in particular got beaten up. The NASDAQ dropped by better than 150 points, led lower by the so-called FANG stocks (Facebook, Amazon, Netflix, Google). Google and Facebook, the biggest drop - I think it was something like 6-8%. Part of that had to do with the Justice Department investigating Google. Enlisting the Po
Jun 6, 2019 • 54:47
Ep. 471: Mexico Won’t Pay for the Wall or the Tariffs
Sell in May and Go Away U.S. stocks closed out the week and the month of May with heavy losses; the DJIA down 354.84 points. Pretty much going out near the low of the day. That's a drop of 1.4%. NASDAQ also getting killed - 114.57 down - that was a 1.5% decline on the day. The Russell 2000 continues to melt down. That index falling 20 points - down 1.35% on the day. But the biggest losses continue to be in the Dow Jones Transports. That index was down almost 2% - 1.9% - 188.4 points. This i
Jun 1, 2019 • 58:09
Bond Buyers Correct About Recession But Bet Won’t Pay Off – Ep. 470
Recorded May 29, 2019 The End of the Bear Market Rally Back on May 1, when I did my podcast, I officially called for the end of the bear market rally that so many people had confused for a new bull market, and the impetus for that call was the Fed coming out and not living up to Wall Street's expectations for just how dovish the Fed was. Remember, the market was starting to factor in rate cuts, not just an end to the tightening cycle, but the beginning of the next easing cycle. And Jerome Powell
May 30, 2019 • 51:26
Will Tesla Crash the Corporate Bond Market? – Ep. 469
Recorded May 22, 2019 Low Inflation is Transitory Today we got the release of the most recent minutes of the Federal Open Market Committee, and I guess it was a bit of a mixed bag for people who were looking for whether the Fed was going to be more hawkish or more dovish with respect to its next move on interest rates. One thing that was revealed in the minutes that the governors still maintain, they are still saying that they feel that this "low inflation" that we've been experiencing is trans
May 23, 2019 • 57:41
Ep. 468: Consumer Confidence Begins with a Con
Don't miss the movie, "The Housing Bubble" premiering June 26, 2019 Back in Puerto Rico I am finally back in Puerto Rico, after having spent 8 long days in Las Vegas for both the SALT conference and The Las Vegas Money Show. I really do enjoy coming back to Puerto Rico, I miss it quite a bit while I'm away. A lot of people who are thinking about making the move to Puerto Rico to take advantage of the tax benefits that exist here… One of the reasons that people are reluctant to come down here i
May 18, 2019 • 58:08
Of Course You Know, This Means War – Ep. 467
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/…/4532d84bf…/peter-schiff/ As Noted on My Last Podcast… As I suspected on Friday's podcast, the 400-point reversal that saw the Dow move from down 300 points + to up 100 points on the close was in fact, reversed today, and the Dow Jones actually closed below the Friday low, which is a huge negative, technically for the index. The Dow was down 617 points; that's about 2.4 %. But the real carnage was in t
May 14, 2019 • 55:54
The Fed Created an Uber Problem – Ep. 466
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recorded May 10, 2018 Why Escalate Trade War If Negotiations Are Going so Great? The U.S. stock markets finished off the worst week of the year with a gain despite the fact that, as expected, the trade talks between the United States and China broke down today, and no deal. The new tariffs went into effect at 12:01am this morning
May 10, 2019 • 48:58
Did Trump Tank Stocks to Force Rate Cut? – Ep. 465
See Peter at the SALT Conference at the Bellagio, Las Vegas May 7-10, 2019 https://www.salt.org/bio-schiff-peter Market Volatility I just arrived in Las Vegas, where I will be spending the next 8 days - I actually have 2 conferences heres; I have the SALT Conference (SkyBridge Alternative Asset Conference) that really kicks off tomorrow, though there is a welcome reception tonight, and then I do the Las Vegas Money Show, which kicks off on Monday. So I'm here for quite some time. I haven't eve
May 8, 2019 • 24:27
Job Headlines Still Mask the Real Story – Ep. 464
Recorded May 3, 2019 See Peter at the SALT Conference at the Bellagio, Las Vegas May 7-10, 2019 https://www.salt.org/bio-schiff-peter Jobs Surge in April, Unemployment Rate Falls Today is Jobs Friday; the first Friday of the month, that we get the nonfarm payroll number. I don't know if the markets anticipated more or Donald Trump, because of course he's ready to send out a tweet when we get a better than expected number. That's what happened today; we got another number that was better than
May 4, 2019 • 1:00:23
The Fed Is Far More Dovish Than It Admits – Ep. 463
Recorded May 1, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Market Looking for Validation of Expectations Today was the conclusion of the FOMC meeting in which the Federal Reserve left interest rates unchanged, and that is exactly what the market was expecting. Nobody expected the Fed to hike, and nobody expected the Fed to cut. But apparently, a lot of people expec
May 2, 2019 • 51:30
Q1 Likely the Strongest Quarter of the Year – Ep. 462
Recorded April 26, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Q1 GDP Expected at 2.3% Today we finally got the first estimate for the U.S. GDP in the first quarter of 2019, and typically the first quarter of the year has been rather weak. That has been the experience pretty much going back through the Barack Obama administration. And the consensus was for a 2.3% r
Apr 27, 2019 • 52:16
Raise the Voting Age, Not the Smoking Age – Ep. 461
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Easter and Passover I hope everybody enjoyed their Easter holiday, in fact, today is Easter Monday, so many parts of the world are still celebrating, including here in Puerto Rico. We are still in the holiday of Passover, so hopefully everybody who celebrates Passover, myself included, is still enjoying that holiday. In fact, th
Apr 23, 2019 • 51:40
April’s Fools Day Comes Late – Ep. 460
Recorded April 16, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Tax Day Yesterday was April 15th - Tax Day, or as my father, Irwin Schiff used to say, "April Fool's Day". My father thought it was April Fool's Day because he believed that that was the day on which Americans basically voluntarily paid a tax that no law required them to pay and voluntarily filed a 1040 ta
Apr 17, 2019 • 38:29
Political Theater of the Absurd – Ep. 459
Recorded April 10, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 Lyft Sinking I began yesterday's podcast by pointing out the weakness in shares of the recent IPO of Lyft. In fact, I mentioned that Friday's close above the IPO price (the first time it closed above that price since the day of the IPO) the fact that it couldn't hold on to that rally, I thought that meant the stock looked even weaker, technically. And we got a big follow through today. Lyft sank about 11%, it c
Apr 10, 2019 • 52:28
Democracy has Failed, Not Capitalism – Ep. 458
VERY IMPORTANT PODCAST! Please share with everyone you care about. Ray Dalio: Please start at 29:52 Extreme Inequality Is Not a Function of Capitalism I agree that wealth inequality is a problem, but it is a problem that is created by government - created by the Federal Reserve. I was warning years ago, when the Federal Reserve first launched Quantitative Easing, that this was going to happen! This policy would only benefit assets at the expense of the overall economy. I've been warning about th
Apr 10, 2019 • 1:05:11
Trump Puts QE4 in Play – Ep. 457
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Rebound Expected in Jobs Report Stock market in the U.S. continued to grind higher today, although I still believe that this is a bear market rally. The Dow added a little better than 40 points; the NASDAQ up about 47, so a bigger percentage gain there. The S&P was up about 13 points. This was following the release of the M
Apr 6, 2019 • 50:54
AOC Right for the Wrong Reasons – Ep. 456
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recorded April 2, 2019 February Durable Goods Order Declined Slightly Less Than Expected We had a quiet day in the U.S. stock market today. Not much reaction from a slightly weaker than expected February Durable Goods Orders number that came out before the market opened. They were looking for a weak number; the consensus was f
Apr 3, 2019 • 56:51
Fed Gives Stocks a Q1 Lyft – Ep. 455
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ A Gift from the Federal Reserve The Dow Jones closed out its best quarter since 1998 with a 211 point gain: 25,928.68 was the close. The Dow, on the quarter up 10.3% - the broader averages doing even better. The S&P 500 rose 12.3% on the quarter. The Russell 2000 - 13.8%, and the NASDAQ 15.6% gain on the quarter. of course
Mar 30, 2019 • 56:21
Fear Is Not a Factor – Ep. 454
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recorded March 26, 2019 Feigned Attempt to Shrink the Balance Sheet I am finally back on land, having spent 9 days at sea, at the Investors Summit at Sea. I've been doing this annually now, this is my 7th time doing that. I am now back, technically one calendar year older. I want to catch up a little bit on what happened in the
Mar 27, 2019 • 51:48
Fed’s Actions Speak Louder Than Its Words – Ep. 453
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recording Today's Podcast from Willemstad, Curaçao I am recording today's podcast from my cabin on a cruise ship, which is right now docked on the Dutch island of Curaçao, which is about 35 miles north of Venezuela. I've never actually been to this island, even though I live in the Caribbean now, in Puerto Rico, there are still m
Mar 21, 2019 • 27:25
Powell Tells Nation There’s Nothing to Fear – Ep. 452
Recorded March 13, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Big Drop in Boeing: Opportunity to buy into Dip The Dow is continuing to rebound this week, up 148 points today - 25,702 was the close. In fact, the Dow would be higher if it weren't for an about 11% decline in Boeing so far this week. I am going to talk on this podcast about the controversy surrounding B
Mar 14, 2019 • 54:30
Whistling Past the Stagflation Graveyard – Ep. 451
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Market Down Before the Bell A late-day rally wasn't enough to bring the U.S. stock market indexes into the black on the day. In fact, this is the first down week that the U.S. stock market has had in 2019. Something tells me it's certainly not going to be the last. The market was down from the bell this morning. Even before the bell, if you look at the futures, even before we got the jobs number - the Febru
Mar 9, 2019 • 54:46
America’s Twin Deficits Hitting Record Highs – Ep. 450
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Wall of Overhead Resistance It looks like the correction in the U.S. stock market, and by correction I am referring to the rally, the first correction in what I believe is a new bear market - but it's looking like that correction may have finally run its course as the stock market has run into a wall of overhead resistance. In fact, the technical action on Monday was quite telling, because early in the morni
Mar 7, 2019 • 35:35
Are Debt-Laden Consumers Finally Tapped Out? – Ep. 449
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Market Keeps Rallying on Regurgitated News The Dow Jones started off the final day of the week with a pretty strong rally; we were up a little better than 200 points earlier in the day. Then we got some weaker than expected economic data which I will get to a bit later, and the market sold off. The Dow never quite went negative, and then we rallied back and the Dow managed to end the week back above 26,000
Mar 2, 2019 • 1:04:19
Powell Puts It to Congress – Ep. 448
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Jerome Powell Wades into the Deficit Debate This year Fed chairman Jerome Powell made his obligatory visit to Capital Hill, where he spoke to Senators and Representatives about monetary policy. Of course, this really just amounts to a press conference for Democrats and Republicans to either talk up the economy or talk down the economy, depending on who's got the White House. Trump is the President, so you
Feb 28, 2019 • 1:01:42
Fed Indicates Tolerance for Higher Inflation – Ep. 447
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Another "Greatest Deal Ever" 'The Dow rose a little over 180 points today, closing above 26,000 -26,031.81, to be exact, for the first time during this bear market rally. I still believe that we are in a bear market rally, not a new bull market. the catalyst for today for today's stock market strength, and it was across the board; the markets were strong from the opening bell to the closing bell. I think t
Feb 23, 2019 • 53:03
QE is Officially Debt Monetization – Ep. 446
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ FOMC Minutes Describe Abrupt About-Face This afternoon we got the minutes from the last Federal Open Market Committee meeting which took place a few weeks ago. This was the meeting where the Federal Reserve did what is now being described as probably the biggest policy shift in the history of the Fed. This was really an abrupt about-face, where they went from "Everything is great; we're going to keep on rais
Feb 21, 2019 • 1:01:05
The Real National Emergency is the National Debt – Ep. 445
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Market Rallies on Old News The U.S. stock market continues to rally on basically the exact same news story that keeps on getting replayed. Today, it was the absence of another government shutdown. I guess now, this is final when it comes to no more government shutdowns, although that should have been obvious to everybody when Trump caved the last time and decided to pay everybody and temporarily end the sh
Feb 16, 2019 • 55:47
GND Plus MMT Equals a Marriage Made in Hell – Ep. 444
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ The 7th Best Start Ever for the S&P 500 The Dow was up 372 points today, continuing the bear market rally. In fact, this is the best start for a year in almost 30 years - 28 years to be exact. I think it is the 7th best start ever for the S&P 500. Now I think the other 6 starts that were better; 3 of those happened during rather dubious circumstances. Two occurred during the Great Depression, and on
Feb 13, 2019 • 45:27
The Socialist Insanity of a Green Utopia – Ep. 443
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Disguising "Red" Goals in Green Wrapping I'm still here in my hotel room in Orlando at the Money Show, but before I went downstairs on this Saturday morning, I wanted to record a podcast to address the issues raised by Alexandria Ocasio-Cortez, AOC, as she is now being referred to - I guess I'm just going to call her the bartender for simplicity. Well, anyway, the bartender-turned-congresswoman has released
Feb 9, 2019 • 50:56
Misstate of the Union – Ep. 442
See Peter in person at the Orlando Money Show https://conferences.moneyshow.com/moneyshow-orlando/ Celebrate Peter's birthday with him on the 2019 Investor Summit at Sea! Visit schiffbirthday.com State of the Union Not Addressed Last night President Trump delivered what purported to be a State of the Union address but really, Donald Trump talked about a lot of things, but he didn't really speak at all about the State of the Union. Bernie Sanders recorded his own response. He didn't do the offic
Feb 6, 2019 • 1:04:22
Truth Is the Real Victim – Ep. 441
See Peter in person at The MoneyShow Orlando https://conferences.moneyshow.com/moneyshow-orlando/ Stronger than Expected Jobs Number We actually got a bunch of economic data released today; apparently the shutdown no longer is affecting some of these newer releases, although we still have a bunch of old data that has yet to be released. I have a feeling that there is a lot of weak economic data that has yet to come out. Today we got some stronger than expected data including the January jobs nu
Feb 2, 2019 • 47:03
Powell Pause Won’t be Enough – Ep. 440
See Peter in person at the The MoneyShow Orlando https://conferences.moneyshow.com/moneyshow-orlando/ Monetary Drug Pushers Earlier today, the monetary drug pushers at the Federal Reserve gave the addicts on Wall Street exactly the fix that they have been craving. In fact, not only did Powell deliver exactly what the doctor ordered with respect to interest rates, saying the Fed was going to remain "patient", probably indefinitely, with respect to another rate hike, but Powell also made it clear
Jan 31, 2019 • 48:14
Government Shutdown Ends, Fed Capitulation Continues – Ep. 439
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Downwardly Moving Expectations The record-breaking partial U.S. government shutdown looks like it has now come to an end. Donald Trump today announcing that he is going to be re-opening the government for three weeks, and during that time we will have negotiations regarding funding for the border wall, the barrier, the smart wall - whatever it is being called now. Donald Trump seems to be downwardly moving h
Jan 26, 2019 • 58:50
Socialism’s Slippery Slope – Ep. 438
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Broader Averages Up The Dow Jones rose 171 points today recovering a little better than half of yesterday's 300 point decline, helped by some better than expected earnings in both IBM and Proctor and Gamble. The broader averages is also up, but not nearly as much, because of the impact from those stocks; obviously not as strong. In fact, the NASDAQ, and even the S&P 500 all took out yesterday's lows intr
Jan 24, 2019 • 1:03:03
Lies of the Left – Ep. 437
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ High School Students Smeared by Mainstream Media I am still out in Vancouver, British Columbia at the Resource Conference. I will be back in Puerto Rico on Wednesday. But I wanted to take a little time out to record this podcast here in my hotel room to address just one topic. And that has to do with this viral video that was making the rounds early yesterday that purported to show a group of high school st
Jan 21, 2019 • 27:58
In Bear Markets Rallies Are Corrections – Ep. 436
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ It Is Not a New Bull Market The U.S. stock market averages continued the bear market correction - the correction actually extended for another week. We capped a strong week with a strong gain today across the board. But this is a correction. It is not a new bull market. But of course, if you watch stations like CNBC you wouldn't know that. All day today all they kept talking about on CNBC was that the mark
Jan 19, 2019 • 50:54
The Eye of the Financial Hurricane – Ep. 435
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ The Eye of the Financial Hurricane U.S. stock markets continue to bask in the eye of this financial hurricane. Remember, we ended the hurricane following the September rate hike, and if you recall I titled my podcast, "The Hike that Broke the Camel's Back", and that's what really began the sell-off in the market. We had this horrific fourth quarter, the worst December since 1931. It may have ended up being
Jan 16, 2019 • 55:46
Blind Fed Leading Blind Investors over a Financial Cliff – Ep. 434
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Everything up on the Week Except Treasury Bonds and the Dollar The stock market ended a positive week on a little bit of a down note; all of the major averages had small losses today - well off the lows of the day. The market tried a couple of times to sell off but the dips were bought on each occasion and we ended up closing near the highs of the day, even though we were down on the day. Pretty much everyt
Jan 12, 2019 • 1:02:08
Markets Running out of Good News to Anticipate – Ep. 433
The Peter Schiff Show Podcast - Episode 433 RATE AND REVIEW this podcast on Facebook. A Bear Market Correction U.S. stocks continue their correction by moving higher yet again today. Remember, when you have a bull market, the corrections are down, because you're correcting the upward trend by moving backward. In a bear market, it's the opposite. You correct a downward trend by retracing upwards. That's what we're doing now. I think this is the first rally in this bear market, so this rally is,
Jan 10, 2019 • 46:06
Dovish Fed Won’t Fly – Ep. 432
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Big Move Up Today Another big move today in the U.S. stock market except this time the big move was to the upside, more than eradicating yesterday's big decline. In fact, looking back historically, yesterday's drop was the second biggest drop in history for the second day of the New Year. The biggest drop on the second day of a new year was in the year 2000. That was the year when the NASDAQ bubble originall
Jan 5, 2019 • 46:44
Bad News is Bad News – Ep. 431
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Big Moves in the Market Today For those of you who have been waiting all year for the first Peter Schiff Show Podcast of the new year, 2019, here it is. We finally got a day with enough worthwhile news that it made sense for me to do a podcast. I'll probably end up doing another one tomorrow, when we get the Nonfarm payroll numbers - the jobs numbers. We'll see if that's a big market mover. But we had a
Jan 4, 2019 • 55:38
Santa Claus Rally Came Just the Same – Ep. 430
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Published on: Dec 28, 2018 Or Did It? It looks like the Grinch may not have been able to stop Christmas from coming to Wall Street. It looks like the Santa Claus Rally came just the same. - or did it? The worst Christmas Eve in the history of the stock market was followed by the biggest Boxing Day rally in the history of the stock market. We don't celebrate Boxing Day here in the United States; all the oth
Dec 29, 2018 • 48:42
The Grinch Stole the Santa Claus Rally – Ep. 429
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Worst Christmas Eve Day in Stock Market History As I thought would be the case, it looks like the Grinch Stole the Santa Claus Rally. Normally, the U.S. stock market rallies during the final five trading days of the year between Christmas and New Year's Day. But today was not only the worst Christmas Eve day in stock market history, it blew apart the old record. In fact, there has never been a Christmas Eve
Dec 24, 2018 • 47:30
The Fed’s Deal with the Devil – Ep. 428
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ NASDAQ Now in Bear Territory It was a big down day, in fact there was even more carnage in the NASDAQ. Today is the day that NASDAQ finally slipped into bear market territory. So, Wall Street's been calling this a correction the whole way, well now the NASDAQ is down 22%, joining the Russell 2000, down 26% and the Transports down 24%. Those 3 indexes are now officially in bear markets. It's All a Matter of
Dec 22, 2018 • 49:27
The Fed Put a Fork in the Stock Market – Ep. 427
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Seventh Rate Hike since Trump's Election As expected, earlier today, the Federal Reserve nudged up the Fed Funds rate by another quarter point. The Fed is now targeting their rate at 2.25 - 2.5%. So the range is somewhere in the middle, there. This marks the sixth time the Federal Reserve has hiked interest rates since Donald Trump has been President, and the seventh time that the Fed has hiked rates since
Dec 20, 2018 • 45:52
A December to Remember – Ep. 426
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Two Podcasts in One Day! For those of you who were worried that I wasn't going to be able to do a podcast today to talk about the stock market or the economy because I already did a podcast earlier this morning, well, you're wrong! Here I am, doing my second podcast of the day. This may be an unprecedented event. I don't know if I've ever recorded 2 podcasts in the same day. Don't Miss This Morning's Podcas
Dec 18, 2018 • 43:57
Why Obamacare Is Unconstitutional – Ep. 425
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Decision May Well Stand up under Appeal A Federal Judge in the state of Texas, U.S. District Judge Reed O’Connor, has ruled that the Affordable Care Act, otherwise known as Obamacare, is unconstitutional, and therefore the law would be null and void, that it would be struck down. Of course this will be the subject of appeal, so whether or not this decision is going to hold is still an open question. But if y
Dec 17, 2018 • 47:34
Under Socialism Even Bad Sex Is Good – Ep. 424
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Technicals Portend Bear Market in Small Caps and Transports The Dow managed to finish off this Friday with a loss of less than 500 points. The Dow Jones Industrial Average finished down just 496.87 points. So I guess the headline can be: "We Avoided a 500 Point Decline!". At one point, the Dow was better than 550 points in the red. But, when you close that close to your low of the day, within 10 percentage
Dec 15, 2018 • 40:28
The Fed Hiked Itself into Insolvency – Ep. 423
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Mainstream Forecasts Incorporating Recession We are in the early stages of this bubble popping. That's why, if you look now at a lot of the mainstream forecasts, all of a sudden, they're all incorporating recession. The probability of recession is now very high over the next couple of years. I read J.P. Morgan now is saying that there is a 70% probability that the U.S. is in recession by the end of 2020. I
Dec 13, 2018 • 39:28
A Bubble That Will Live in Infamy – Ep. 422
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Pearl Harbor Day 2018: A Very Interesting Technical Day Today is December 7th, a day that will live in infamy. Unless you are a Millennial who was educated in the U.S. public school system. In which case you have absolutely no idea what happened on December 7th 1941. You've probably never heard of Pearl Harbor, you certainly don't know where Pearl Harbor is located. Maybe you've heard of World War II, bu
Dec 8, 2018 • 38:12
The Fed’s Policy Mistake Started with Greenspan – Ep. 421
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Dow Volatility Started with Huawei News We had another very volatile day today on Wall Street, and it really got started last night with the news of the arrest in Canada of the CFO of the Chinese company, Huawei. Her father is the founder of the company and a very prominent, powerful and influential man in China and this set the mood. the Dow futures dropped initially, I think about 500 points as soon as the
Dec 7, 2018 • 48:08
A Nation Can’t Tax Itself Rich – Ep. 420
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ No Relief As I said on yesterday's podcast, I did not we had a "Wall Street Relief Rally", based on the stand down or truce in the trade war following the backtracking by the Fed on the potential number of rate hikes and the distance we were from neutrality. Interest Rates Anything But Neutral By the way, yesterday I referred to the rate hikes as normal; I should have said neutral - obviously what we have now
Dec 5, 2018 • 43:03
Trump Backs down on Tariffs – Ep. 419
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Interest Rates and Trade War The two things that everybody seems to agree were weighing down the markets were the Fed's relentless drive to normalize interest rates, and figure out where "normal" was, and, of course, the trade war - the threat of additional tariffs overhanging the markets. So I think it was pretty clear to President Trump who is hanging his hat on the stock market, has decided that the stoc
Dec 4, 2018 • 54:21
The Fed Flinches, Powell Put in Play – Ep. 418
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ The Fed's Game of Chicken The big news was yesterday, when Fed Chairman, Jerome Powell, basically flinched. I've been talking about the game of chicken that the Federal Reserve has been playing with the markets. The way the game of chicken goes, is the markets keep moving lower and the Fed keeps talking about how great the economy is and how many rate hikes are coming in the future. Somebody has to flinch - s
Nov 30, 2018 • 34:59
Two Wrongs Never Make a Right – Ep. 417
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ 25% Tariffs Will Inflict Rather Substantial Damage to the U.S. Economy The Dow Jones managed to finish the day up just over 100 points - I think that was about the high of the day, and we erased a loss that at one point was better than 200 points. I think a potential catalyst was a talk given by Larry Kudlow earlier in the day in which Kudlow raised some optimism over the possibility of a deal with China th
Nov 28, 2018 • 47:28
As Bubbles Burst the Malinvestments Are Exposed – Ep. 416
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Dow Could Not Hold Onto the Gain After yesterday's, I think 550 point drop in the Dow, the market bounced back a bit today. I think at one point earlier in the day the Dow managed to gain over 200 points, but it could not hold on to that gain. It closed down just under one point. Very weak technical action for today's pre-Thanksgiving bounce. Normally, the markets are up on the day before Thanksgiving, and
Nov 22, 2018 • 52:25
The Confidence Bubble Has Popped – Ep. 415
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ FAANG's Took a Big Bite Out of the Market Another Monday, another big down day for the U.S. stock market, it is turning out to be one hell of a quarter; not all of the declines happening in October. But as I said earlier, it doesn't have to be in October for the market to crash. Today wasn't a Black Monday; certainly the percentage decline wasn't out of the ordinary. Although the FAANG stocks, in particular,
Nov 20, 2018 • 50:49
Even Jim Cramer Knows More Than the Fed – Ep. 414
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Optimism Over No Tariffs Fueling Market Move Donald Trump, I think, was the reason the markets ended up finishing in the black today, at least most of the major indexes. In fact, the only index that was down on the day was the NASDAQ - the NASDAQ was the only major index that was down on the week, thanks to weakness in tech stock, in particular, the FANG stocks. The comments that Trump made today basically
Nov 17, 2018 • 44:39
Investors Oblivious as Multiple Bubbles Pop – Ep. 413
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Very Negative Technical Action We had another roller coaster ride in the stock market today, with the Dow Jones ending down about 200 points, but that was well off the lows of the day. I think we were down about 350 points, or close to it, at the lows. But, more interesting, we were up over 200 points earlier this morning. So this is very negative technical action, when you have these rallies and then close n
Nov 15, 2018 • 31:38
Share Buyback Chickens Coming Home to Roost – Ep. 412
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Surrendered Rest of Post-Election Gains in One Day As I thought, it didn't take long for the markets to surrender all of the post-election gains. The Dow Jones today was down 602 points, so we've already lost it. It took one day. On my podcast on Friday I said that we would surrender the remainder of the gains this week and we did it in the first day of the week. The NASDAQ actually had an even bigger dec
Nov 13, 2018 • 39:25
Rising Prices Reflect Inflation Not Growth – Ep. 411
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Dead Cat Bounce Flattens Out The Dow Jones was down a little over 200 today, closing back below 26,000. NASDAQ composite down 124 - that's a bigger percentage decline, 1.7%, approximately. The Composite is being led lower by the tech stocks, particularly the FANG stocks once again taking a bite out of the market. The markets, though, were positive on the week, thanks to that huge relief rally that took plac
Nov 10, 2018 • 38:55
Divided Government Will Produce Larger Deficits – Ep. 410
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Relief Rally Post-Midterms The elections are over and the Blue Wave was averted and the Dow Jones rose 545 points today to celebrate that fact and the NASDAQ was up 194 points, 2.64%; Russell 2000 up 26 points, about 1.67% . Now you may be wondering why there was such a big rise in the stock market based on an outcome that was pretty much expected. The Republicans lost the House of Representatives, and tha
Nov 8, 2018 • 36:09
Vote Against Socialism and Identity Politics – Ep. 409
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ An Advanced Auction on the Sale of Stolen Goods Tomorrow is Election Day, or as H.L. Mencken once described the process, "An advanced auction on the sale of stolen goods". My wife has been bugging me for some time to urge people who listen to my podcast to go out and vote on Election Day. I think she's prepared to blame me if there are any close races, either for the House, Senate or even for Governor that e
Nov 5, 2018 • 39:54
Jobs Are Another Bubble About to Pop – Ep. 408
Rate and Review This Podcast on iTunes https://www.branddrivendigital.com/how-to-rate-and-review-a-podcast-in-itunes/ Futures Rallied after Drop on Apple News I want to get to the nonfarm payroll number. This is the big number, and, maybe, because the initial number was good, the market rallied. Although, I think the real reason that the market rallied in the morning is because we had a big rally in Asia last night. There were some rumors that there would be some type of trade deal between China
Nov 3, 2018 • 34:29
Bulls Ain’t Afraid of No Bear Market – Ep. 407
Rate and Review This Podcast on iTunes https://www.branddrivendigital.com/how-to-rate-and-review-a-podcast-in-itunes/ The Bulls Had No Fear Today may be Halloween, but the Bulls had no fear. The U.S. stock markets closed higher today for the second consecutive day - the first time for the month of October. A lot of traders are probably happy that the month of October is over. Despite the back to back rally, this is still the biggest decline in a month for NASDAQ since 2008. The Market Gave Bac
Nov 1, 2018 • 40:55
FANG’s Take a Bite Out of the Market – Ep. 406
Rate and Review This Podcast on iTunes Dow Swings More Than 900 Points Well we didn't have a Black Monday today, but we did have a pretty big selloff, especially if you measure the decline from the early morning pop to the late afternoon drop. I think it was better than a 900 point selloff. Earlier this morning the Dow Jones was up about 350 points, and I think halfway through the final hour, we were down as much as 560 points. Now, we managed to recoup a good chunk of those late day losses i
Oct 30, 2018 • 43:40
Numbers Always Look Good When Recessions Begin – Ep. 405
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Look Carefully at the Price Index The GDP number came out yesterday; 3/5% did slightly beat the consensus of 3.3%, but remember, for a while the Atlanta Fed was looking for a print in the 4's. But the New York Fed was at 2.2%, so the print was much higher than what the New York Fed was looking for. But if you look at the internals, the biggest reason that we got 3.5% was because of the price index - the "d
Oct 27, 2018 • 37:31
A Record Trade Deficit Is Not Winning – Ep. 404
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Merchandise Trade Deficit Largest Trade Deficit on Record Today's rally had to overlook the bad news that came out today. I was watching CNBC this morning just before the news was announced and the anchor said, "We've got a lot of news coming out at 8:30 and I am going to go over the news items in order of importance. The first news item was the Durable Goods numbers (+0.8%), and then they went over the week
Oct 26, 2018 • 50:31
Will Fed Capitulation Forestall Stock Market Crash? – Ep. 403
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Bearish Signal So much for yesterday's dead cat bounce. All of the U.S. stock market averages came plunging down today, in fact they all closed below yesterday's lows. So even though we had those big rallies off the lows, today, we lost the entire gain and closed lower than yesterday's low point. That is is the most bearish signal you can get. Yesterday's Short Covering Remember on yesterday's podcast, I wa
Oct 25, 2018 • 33:45
Guns & Butter to the Moon – Ep. 402
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ A Big Constituency of Highly Indebted People The fact that you have created this big constituency of highly indebted young people - they're like indentured servants. The government now loans them the money and now they are in debt to the government for the rest of their lives. But now the government can say, "Vote for me and we'll let you off the hook!" You Don't Have to Repay Your Loan as Long as You Keep Re
Oct 24, 2018 • 58:24
How Many Canaries Have to Die? – Ep. 401
Rate and Review This Podcast on iTunes Overwhelming Evidence of a Weakening Economy The Dow Jones was the only one of the major indexes to close the day higher. The S&P was down slightly, we had larger declines in the Nasdaq and the Russell 2000. More importantly than the movements that we've just seen on the day, or even the week, look at what's happened thus far during the month of October, which I had been warning on my podcast. It looked like there could be a weak October, given where we w
Oct 20, 2018 • 43:45
Fake Accounting Trumps Fake News – Ep. 400
Rate and Review This Podcast on iTunes Thanks to Listeners for 400 Episodes of The Peter Schiff Show Podcast For those of you who say that Peter Schiff does Podcasts when the Dow is down, Dow Jones was up 547 points today. This is my 400th episode of the Peter Schiff Show Podcast. I want to take a moment to thank my audience - everybody who has been listening to the podcast. Especially to the people who have listened to all 400 episodes. By the way, if you missed a few, they're all archived.
Oct 17, 2018 • 55:07
Gold Breaks Out, Bitcoin Breaks Down – Ep. 399
JOIN PETER at the New Orleans Investment Conference https://neworleansconference.com/conference-schedule/ A Very Volatile and Technically Weak Trading Day for the Dow Here I am for the third day in a row doing a podcast. It's market volatility that has brought me to the mic yet again. The Dow Jones down 525 points; a very volatile and technically weak trading day for the Dow. The market opened down, we quickly sold off, a couple of hundred, but then we rallied back! We got positive. I think we
Oct 12, 2018 • 28:40
The Bear Market Has Begun, Recession to Follow – Ep. 398
JOIN PETER at the New Orleans Investment Conference https://neworleansconference.com/conference-schedule/ 831 Point Rout in the Dow Jones Industrial Average If you listened to Friday's podcast, I mentioned that I thought I would probably be doing a lot of podcasts this week. I did one yesterday, and I am doing another one today because my feeling about the stock market was confirmed today with an 831 point rout in the Dow Jones Industrial Average, down 3.15%. This is the biggest decline that the
Oct 11, 2018 • 41:34
Why Democrats Hate the Constitution – Ep. 397
JOIN PETER at the New Orleans Investment Conference https://neworleansconference.com/conference-schedule/ Democrat Women Screaming in Agony Brett Kavanaugh, over the weekend was confirmed by the Senate, and there were some Democrat women in the gallery watching the vote and they were just screaming in agony; that this was such a terrible thing. I don't think we've ever seen anything like that. They had to have the Sargent at Arms constantly removing people during the vote. The vote passed 50-48
Oct 10, 2018 • 58:28
Did Rising Rates Just Prick the Bubble? – Ep. 396
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ The Catalyst is Rising Interest Rates October is just one week old and the carnage on Wall Street has already begun. I wonder if the October complacency is beginning to be shaken with the down move that we see. Now, the Dow Jones is not down very much; in fact, it barely fell on the week; but the S&P was down about 1%. But the NASDAQ was down more than 3% on the week. The catalyst is rising interest rates,
Oct 6, 2018 • 51:42
Trump’s NAFTA Rebrand Is a Marketing Fraud – Ep. 395
JOIN PETER at the New Orleans Investment Conference https://neworleansconference.com/conference-schedule/ NAFTA was the Worst Deal in World History? I want to talk about Donald Trump's new trade deal. When Donald Trump was running for President, he said that NAFTA (North America Free Trade Agreement) was the worst trade deal ever negotiated ever by anyone in world history. It wasn't just the worst trade deal that America got into, it was the worst trade deal that anybody ever got into. I don't
Oct 3, 2018 • 58:37
Could Soaring Twin Deficits Portend October Surprise? – Ep. 394
JOIN PETER at the New Orleans Investment Conference https://neworleansconference.com/conference-schedule/ Ominous October Today was the end of the month of September; it's also the end of the third quarter we are now beginning the final quarter of the year. When we come back to trading next week, we will be in the month of October, and as I mentioned on my last podcast, we have had some substantial stock market declines in October, obviously not every October has a big drop, in fact most of the
Sep 29, 2018 • 55:31
The Hike that Breaks the Market’s Back – Ep. 393
Eighth Interest Rate Hike As expected, the Federal Reserve raised interest rates for the eighth time, today. The rate is now 2 to 2.25 percent, so I guess the midpoint is 2.125%. The move was highly anticipated, of course, even I expected the Fed to raise rates. At this point I had been expecting that for some time ever since the Fed first began raising interest rates it became apparent that they would continue to move rates higher. "Accommodative" is Out The only thing that was potentially si
Sep 27, 2018 • 48:20
Divided Government Will Not Be Bullish for This Market – Ep. 392
JOIN PETER at the New Orleans Investment Conference https://neworleansconference.com/conference-schedule/ Divided Government is Good? If the Democrats get control of Congress, which is a likely occurrence, what I'm hearing now is that this is bullish for the stock market! The stock market bulls are saying that if we have divided government that this is historically positive for the markets. So even if the Republicans lose control of the House, and maybe even the Senate, it's OK, because it's di
Sep 25, 2018 • 48:56
The Trump Tariff Put Will Expire Worthless – Ep. 391
JOIN PETER at the New Orleans Investment Conference https://neworleansconference.com/conference-schedule/ Illusion will be Replaced with Harsh Reality This is dangerous stuff. This is the same thing thing that was being said when George Bush was President. Just because you're a Republican you don't have to claim that anything that was done by another Republican is great, in order to make the Democrats look bad. Ultimately that comes back and bites you because you loose credibility when the econ
Sep 22, 2018 • 55:27
The Camel Owns the Tent – Ep. 390
RATE AND REVIEW this podcast on Facebook https://www.facebook.com/PeterSchiff/reviews/ Sacrificed on the Altar of Political Correctness I want to spend the rest of this podcast talking about politics; in particular, what's going on with Brett Kavanaugh and his fading chances of sitting on the Supreme Court. It appears that he may be sacrificed on the altar of political correctness. I also blame the Republicans for allowing this to happen - to have fallen into this trap; not just with Kavanaugh.
Sep 19, 2018 • 48:21
The Next Economic Hurricane Will Be a Category 5 – Ep. 389
RATE AND REVIEW this podcast on Facebook https://www.facebook.com/PeterSchiff/reviews/ Making the Rich Pay Julia Salazar, another Democratic Socialist defeated Martin Dilan in the NY Senate primary. The only reference to taxes on her website was to "make the rich pay their fair share". That's it. Nothing about what specifically she wants to raise, by how much she wants to raise it and how much money is going to come it. This is going to be provided, that is going to be provided, and the peop
Sep 15, 2018 • 1:07:16
Yes to Socialism Means No to Freedom – Ep. 388
CHECK OUT Buying Bitcoin is Like Buying Air https://youtu.be/XmMQAuO62gI Another Round of Tax Cuts Now the Republicans are talking about another round of tax cuts. Just in time for the November election. Whether or not these tax cuts actually get passed is anyone's guess, but it will be an issue on the campaign trail, either because they delivered the tax cut or because the only thing standing in the way of a tax cut is the Democrats. Remember the individual tax cuts were passed the last time ar
Sep 12, 2018 • 47:34
What Are Investors Smoking? – Ep. 387
CHECK OUT Buying Bitcoin is Like Buying Air https://youtu.be/XmMQAuO62gI GM Hit New Low for the Year If you want to look at some of the signals you're getting from the markets, look at the automobile stocks: General Motors and Ford, which are basically the only 2 automobile companies we have left. (Chrysler is now owned by Fiat.) They both hit 52-week lows today and they're both in bear markets. General Motors closed at $33.91 - a new low for the year. The stock was as high as $46.76 in June. T
Sep 8, 2018 • 36:45
Fake News Runs the Gamut – Ep. 386
Another Bear Market Before the Election The odds are that we are going to have another bear market and we're going to have another recession and the odds are that both are going to start before the next election. What are the odds that Trump can be re-elected if we are in a recession and in a bear market? The only thing that Trump's got going for himself is to talk about how great the economy is, and how high the stock market is. You take that out and what does he have left? Trump Claims Most Ac
Sep 6, 2018 • 56:35
Let’s Honor the Labor of the Entrepreneur – Ep. 385
RATE AND REVIEW this podcast https://www.facebook.com/PeterSchiff/reviews/ What About Employers' Day? Labor Day is coming up on Monday it it annoys me that we just have a Labor Day and we don't have an Entrepreneur Day. We don't have a day to celebrate the employer. Why is that? The entrepreneurs are the unsung heroes of the American economy. I'm not saying that the workers don't make a contribution, but the assumption, when you talk about workers is that the boss doesn't work. If you look at
Sep 1, 2018 • 53:30
Hawkish Fed Narrative Slowly Changing – Ep. 384
RATE AND REVIEW this podcast on Facebook https://www.facebook.com/PeterSchiff/reviews/ Fed Responsible for Most Recent Move Up I think what's really responsible for this most recent move up is the Fed comments. Now maybe Trump can take credit for those, maybe President Trump was able to get Jerome Powell's mind right after all, when it comes to rate hikes, although, if you look at the coverage from Jackson Hole, most people think that Powell stood strong and was resisting the calls from Trump t
Aug 30, 2018 • 56:29
Fed to Let Inflation Genie out of the Bottle – Ep. 383
RATE AND REVIEW this podcast on Facebook https://www.facebook.com/PeterSchiff/reviews/ Dovish Speech Given by Jerome Powell The catalyst for the rise in gold and the decline in the dollar, I believe, was the dovish speech given by Jerome Powell today in Jackson Hole. Whether or not the speech is perceived as dovishly as I believe it is, I think we're going to have to see if we are going to get some follow through in the dollar and in the gold market next week. It is critical to see how the marke
Aug 25, 2018 • 42:24
Trump’s Denial of the Obvious Compounds His Mistake – Ep. 382
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Trump Suffers Huge Double Blow Yesterday, two key people - one the President's former campaign manager Paul Manafort was convicted of multiple counts of serious financial crimes, and later that day, Michael Cohen, the President's personal attorney, copped a plea to multiple financial crimes. So you have two key figures in Trump's campaign who are not criminals. Violation of Campaign Finance Laws Now, obviousl
Aug 23, 2018 • 51:36
Making the Dollar Weak Again – Ep. 381
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Strong Dollar Policy? There used to be a lot of talk about the so-called Strong Dollar Policy. We had the Strong Dollar Policy when Bill Clinton was President, George Bush; I guess when Barack Obama was President, as well. I've talked about it, I've written about it in Crash Proof, How to Profit from the Coming Economic Collapse; I talked about it like it was the Loch Ness monster. Everybody knows about it,
Aug 21, 2018 • 50:19
Revisionist History Portends Socialist Future – Ep. 380
The Accountable Capitalism Act Elizabeth Warren unveiled her new idea in an op-ed in the Wall Street Journal. It is her new bill, called the Accountable Capitalism Act. Of course, I have said this before, there is no truth in advertising when it comes to legislation. Whenever Congress passes a bill, the name of the bill is generally the opposite of what the bill actually does. So if they pass a bill called, "Tax Simplification", that means that they just complicated the tax code. But nobody wa
Aug 17, 2018 • 52:24
Populism and Democracy Are a Dangerous Combination – Ep. 379
RATE AND REVIEW this podcast wherever you listen. https://itunes.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?mt=2&ls=1 Turkey's Current Account Deficit The "Turkey baste" continued on Monday, although Tuesday we did have a bit of a reversal, Tuesday bounce in the lira, rising about 7 percent or so, in today's trading. But still, it is down considerably from where it was a few weeks - a few months ago. But I do believe that the financial media is exaggerating the problems that
Aug 15, 2018 • 37:51
America is the Real Turkey – Ep. 378
RATE AND REVIEW this podcast wherever you listen. Turkey is the Epicenter of Emerging Market Concerns Right now, the epicenter of the concerns about the emerging markets is coming from Turkey. What is the problem with the Turkish lira? Turkish President Erdogan is veering off into some very dangerous territory with his stance with the Central Bank of Turkey and now the political battle of egos that he is having with President Trump over the release of an American pastor who is imprisoned in Tur
Aug 11, 2018 • 55:29
Double Standards and Hypocrisy of the Left – Ep. 377
RATE AND REVIEW This Podcast https://itunes.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?mt=2&ls=1 Alex Jones Banned Alex Jones was banned from iTunes, Facebook, YouTube - his entire YouTube Channel is gone! He had over a million subscribers. The Alex Jones videos on my YouTube channel where I appeared as a guest are still up, but the ones on Alex's site are no longer there. What About the First Amendment? This raises a lot of very interesting and disturbing questions. First
Aug 8, 2018 • 55:07
Mainstream View on Trade Dangerously Wrong – Ep. 376
RATE AND REVIEW this podcast Wherever you listen. https://itunes.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?mt=2&ls=1 Ridiculous Rhetoric in Tariffs One of the drivers behind the increasing cost of living is going to be the tariffs. The rhetoric here is really ridiculous. Talking heads on the mainstream media say, "We've got China by the balls..." "We're going to make them feel some pain..." "They're going to give in..." We're going to force them to play fair because they
Aug 4, 2018 • 48:45
Why Doesn’t Trump Cut Spending by Executive Order? – Ep. 375
RATE AND REVIEW this podcast on Facebook! https://www.facebook.com/PeterSchiff/reviews/ Abolish the Capital Gains Tax? If we simply had no capital gains tax, but wen are still taxing the worker on the value of his labor without any deductions whatsoever, I just don't think that's a fair system. That's one of the reasons I would not want to just abolish the capital gains tax. I would want to abolish the entire income tax and go to an indirect tax, such as sales tax or tariffs. We would obviousl
Aug 1, 2018 • 49:20
Peak GDP Sets Stage for Major Economic Fail – Ep. 374
RATE AND REVIEW this podcast on iTunes! U.S. GDP Growth Reported at 4.1% Today we finally got the highly anticipated first look at U.S. economic growth, or really GDP growth, because the GDP is not that great a barometer of the economy. Nonetheless, thats the one that everybody uses to measure it, and that's the one that we're going to talk about. Perhaps I can get into why the GDP is such a flawed measure in a different podcast; I really don't want to get into it today. I just want to talk ab
Jul 28, 2018 • 48:54
Ep. 373: Freedom Is Great; Tariffs Are Not.
POST YOUR REVIEW OF THIS PODCAST ON iTunes Voting Responsibly for Freedom I am "pro" young people because I want them to grow up in a free country. I want them to have every opportunity to be as prosperous as possible. Democracy is actually an enemy of freedom. Young people have a better chance to achieve their goals if the 18-19-20 year old generation aren't voting for leaders who pass policies that will actually undermine our success and our progress. They're not sophisticated enough yet; th
Jul 25, 2018 • 50:44
Trump and Fed to Blame Each Other for Recession – Ep. 372
Presidential Tweets Express Anger at the Fed The catalyst today was more tweets from President Trump where he is expressing anger, not only at the Federal Reserve, and at the ECB and at the Bank of China, because he is accusing both Europe and China of being currency manipulators; taking advantage of us by weakening their currencies. He's saying that a weak currency gives you an advantage. It doesn't. Strong Currency Provides Trade Advantage When it comes to trade, it is a strong currency that
Jul 21, 2018 • 41:08
Labor Laws Hurt Workers the Most – Ep. 371
Trump Driver is Suing the Trump Organization On thing I talked about on the Joe Rogan podcast was a story that broke the same day of my last podcast, which I thought was very interesting. It was about Donald Trump being sued by his former personal driver, who still works for the Trump organization, by the way, he's worked there for over 25 years until Trump became President and got a tax-payer provided driver, he had to pay his own driver. I think the guy was getting a $70K/year salary, which
Jul 17, 2018 • 47:56
Government Regulation Is Why Drugs Cost so Much – Ep. 370
Misguided Tweet About Pfizer Another misguided tweet that came out today from the President had to do with drugs: Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond! So here's the President, threatening businesses for raising prices; for making a profit. If Obama were ca
Jul 10, 2018 • 46:20
Will the Trade War Prick America’s Bubble Economy? – Ep. 369
"Bring on the Trade War!" Today is Jobs Friday, but before I get to the jobs report, I want to talk a little bit about the escalation of the trade war, In fact, some stories I'm reading are that the trade war began today, or last night. A lot of the tariffs are finally being imposed. The market reacted positively; the Dow was up 100 points today. The NASDAQ was up 100 points as well, which is percentage-wise a much bigger increase - 1.34% move - so who cares about a trade war? "Bring it on!
Jul 7, 2018 • 49:24
Dependence Day Is Nothing to Celebrate – Ep. 368
Market Closed Early for July 4th Holiday The U.S. stock market closed early today, ahead of tomorrow's Fourth of July holiday when the markets are of course closed and Americans are out celebrating Independence Day, the birth of the nation, July 4, 1776. I love the Fourth of July as a holiday; it is purely American. Framers of the Constitution Risked it All One of the problems I have with the Fourth of July is that it makes me feel both good and bad about what happened on July 4, 1776. I am ho
Jul 3, 2018 • 49:33
Sky High GDP Forecasts Coming down to Earth – Ep. 367
Dow Ending a Down Week on a Positive Note The Dow managed to finish a down week on a positive note; the Dow Jones was up about 55 points - 24,270-ish is where we closed. Although intra-day, we were up better than 250 points, so most fo the losses came toward the end of the day, as the Dow was not able to hold on to all those gains. It held on to some of the gains, but Russell 2000, not as lucky. That index ended up finishing a down week down on the day. Probably the difference is the oil stock
Jun 30, 2018 • 36:27
Socialists Take N.Y.C. Is the U.S.A. Next? – Ep. 366
Election Results in N.Y.C. Indicate Political Backlash Trump has already said that he's "Made America Great Again", so whatever problems he inherited, he's already claimed to have solved, which means any problems that arise now are brand new, under Trump's watch, and he and the Republicans are going to take the blame. An early warning sign of just how big a disaster this can be arrived yesterday in a N.Y.C. Congressional primary. You had a 10-term incumbent Democrat - the guy's been in Congress
Jun 28, 2018 • 41:56
Most Banks Would Fail Stagflation Stress Test – Ep. 365
Stagflation Nobody realized just how bad the economy is, but they're about to find out. All of the economic data that came out this week points to stagflation, if you look at the data. Look at the Philly Fed - dropped down to 19. It is the biggest drop in 4 years; the lowest since the election. Look at the manufacturing PMI - those numbers came out yesterday - dropped to a 7-month low, the lowest since November 2017. If you look at the actual numbers - new orders fell sharply but input cost
Jun 23, 2018 • 51:23
The Force Will Not Be with Us – Ep. 364
Upping the Ante The shot heard around the world in the ever-escalating trade war was fired last night by Donald Trump, threatening to impose another $200 billion of tariffs on American consumers wishing to buy Chinese goods. This followed the $50 billion in tariffs. And, remember, when Trump announced the first $50 billion tax on Chinese goods, he threatened that if China retaliated by taxing its own citizens, that Trump would up the ante with even more taxes on American citizens, although he d
Jun 20, 2018 • 38:45
Dovish ECB Roils Markets – Ep. 363
ECB Announces Dovish Tightening The big market-moving central bank announcement this week was not the Fed. They came out with their so-called "hawkish hike", but yesterday, the ECB came out and they were supposed to announce the end of their Quantitative Easing program, their own version of the taper, which they did. But they surprised the market by indicating that they would not raise rates above zero, where they are stuck, until the summer of 2019. The markets had not expected such a delay i
Jun 16, 2018 • 36:48
Fed’s Inflation Victory Is a Loss for Consumers – Ep. 362
Fed Raises Rates for the 7th Time The Federal Reserve raised interest rates today. I think this is the 7th rate hike. Six of these rate hikes have now taken place since Donald Trump was elected; five of them since he was inaugurated. The official rate now is 1.75% to 2%. The Federal Reserve targets the midpoint of that range. But the Fed has been tightening a lot longer than those 7 rate hikes, because, remember, before they hiked rates, they talked about it and they were tapering. And the t
Jun 14, 2018 • 51:28
Tariffs Did Not Cause U.S.Trade Deficits – Ep. 361
Market Movers: Singapore Summit We've got a lot of potentially market-moving events going on this week; we've got the Summit which I think is getting underway this evening with North Korea's President Kim Jong Un and President Trump meeting in Singapore. No Market Move Expected on Rate Hike We've got the Federal Open Market Committee Meeting beginning tomorrow, it's a 2-day meeting ending on Wednesday. The odds of a rate hike are 100%! So in all probability there will be a rate hike. Eventual
Jun 12, 2018 • 46:49
Time to Fade the Short EM Trade – Ep. 360
Focusing on Emerging Markets I'm going to spend most of today's podcast talking about what is going on in the emerging markets, in the currency market and in the stock markets; what the speculators are doing, why they are doing it and why I think they are wrong and why I think it creates an excellent opportunity for investors to fade this trade and prepare for the ultimate reversal of these moves. Freedom Fest in Las Vegas But before I get into that, I want to talk about a few other topics of in
Jun 9, 2018 • 37:52
Special Privileges for Some Means Freedom for None – Ep. 359
Current Events Not much has been going on in the economy or the financial markets the last couple of days. Its been pretty quiet, so I'm going to take an opportunity to record a podcast more on current events and politics, so if you're not interested in those topics, then maybe just wait for my next podcast, although, when I did the Peter Schiff Radio Show 5 days a week, there were people who complained when I did not talk about the markets, or even the economy. But I always enjoyed talking m
Jun 6, 2018 • 49:47
Jobs Report Feeds Delusional Economic Narrative – Ep. 358
Jobs Friday Today is the first day of June and it's also jobs Friday. But before we get to the always highly-anticipated nonfarm payroll number, I want to talk about some of the economic data that came out yesterday, on Thursday. Personal Income and Spending I think the most significant release was the Personal Income and Spending number for the month of April. The spending numbers were so strong that it prompted the Atlanta Fed to adjust its estimate for Q2 GDP all the way up to 4.6% and I thin
Jun 2, 2018 • 38:56
Ep. 357: Populism a Bigger Problem in the U.S. Than Italy
Economy Slowing Down We got quite a bit of economic data that was released today, pretty much all of it confirming what everybody seems to be denying, and that is that the U.S. economy is, in fact, slowing down, at least the way we like to measure it. We will get more data later in the week, of course we get the big number, the nonfarm payroll number, on Friday. We always get that number the first Friday of the month; this Friday is June 1, so we are going to get the May jobs number. Last Month
May 31, 2018 • 45:10
Ep. 356: Oil, Bonds, Currencies, Tariffs & Guns
Biggest Move in Crude Oil Not much action today in the stock markets on this Friday before a 3-day Memorial Day holiday weekend. The action was really in the oil markets, the bond markets and the foreign exchange markets. The biggest move happening in crude oil. Crude was down just over $3/barrel today; one of the biggest declines I've seen in some time. We're back down to $67.50. Earlier in the week, we almost hit $73/barrel for crude, and here we are now at $67.50 - a pretty big drop today.
May 26, 2018 • 39:03
FOMC Is Far More Dovish Than the Minutes Imply – Ep. 355
Markets Rallied on Fed Minutes Interpreted as Dovish Earlier today we got the release of the latest Federal Open Market Committee minutes and before the minutes came out (they come out at 2pm Eastern Time). Prior to the release, all the stock markets were down; the Dow was down maybe about 150 points or so, and when the minutes came out, we got a rally, and the Dow closed up about 50 points. So, a 200-point rally on the minutes, and the reason the minutes acted as a catalyst for the rally is th
May 24, 2018 • 38:04
Trade War Ends Before It Begins – Ep. 354
Solid Gains Today in the Major Stock Market Averages We had solid gains today in the major stock market averages; the DJIA putting in the largest percentage gain, just over 1.2% or 298 points. I think at the highs, the Dow was up 370 and change, so a strong day, S&P, NASDAQ also up not quite as much calculated as percentages. The Russell 2000 was not up as much as the other averages but it is at a record high again today. I think it's the Russell 2000 that ultimately could make the biggest per
May 22, 2018 • 35:35
Bond Breakdown Gathers Momentum – Ep. 353
Las Vegas to Vancouver to Las Vegas I'm recording today's podcast from my hotel room in Vancouver, Canada. I'm up here for a couple of days at the 2018 Vancouver Resource Investment Conference and actually I left Las Vegas to come here; I am at the Las Vegas Money Show, I was there yesterday and I will be back again tomorrow for another talk, and on Thursday I am flying to Puerto Rico for another conference before heading back to Weston, Connecticut for the summer. Debating Bonds with Gary Shil
May 16, 2018 • 40:31
Currency Traders Have It Backwards Ep. 352
[button link="https://www.youtube.com/watch?v=mANOqcnLtqA" color="lightgray" size="medium" stretch="" type="" shape="" target="_self" title="" gradient_colors="|" gradient_hover_colors="|" accent_color="" accent_hover_color="" bevel_color="" border_width="1px" icon="" icon_divider="yes" icon_position="left" modal="" animation_type="0" animation_direction="down" animation_speed="0.1" animation_offset="" alignment="left" class="" id=""]Mr. Schiff Goes to Washington[/button] [button link="https:
May 9, 2018 • 31:11
Consumers Won’t Be Comfortable with Higher Inflation – Ep. 351
Fed is Willing to Tolerate Higher Inflation Today is the first Friday in May and that means we got the April Jobs Report released today, and before I actually get into the details of the jobs report, I want to talk about what happened with the Fed this week. I think that is the most significant news of the week. The Fed's statement on Wednesday and the comments from today are the real reasons we had the 300+ point rally in the Dow today, that's why we had the 400+point turnaround in the Dow on
May 5, 2018 • 35:10
Sell in May and Go Away – Ep. 350
Market Tends to Produce Better Returns in the First 4 Months of the Year There is an old Wall Street adage: "Sell in May and Go Away". The reason for that saying is that seasonally, the market tends to produce better returns in the first 4 months of the year, January through April, and then, historically, beginning in May and throughout the summer, the market can generally go down, and I think the time to buy back in is typically September/October. There are a lot of big down days, down months,
May 2, 2018 • 32:20
Guaranteed Jobs Guarantees Disaster – Ep. 349
Markets Down But Not by as Much as Expected All the major U.S. stock markets were down on the week, but not by as much as I thought. We got that big drop on Monday, where we got the very bad reaction to even better than expected earnings. Plus, with interest rates rising, I thought we would have had more selling, but we didn't we actually rallied back most of the week from the big Monday decline, not enough to recover all of the losses, but the total losses on the week were not that bad. The D
Apr 28, 2018 • 33:41
Good Earnings Can’t Support an Over-Priced Stock Market – Ep. 348
The Correction is Over and the Bear Market is Resuming As I have been speaking about in my last couple of podcasts, it looks like the period of relative calm in the markets is over and the next leg down has begun. So the correction is also over - not the downward move - that is not the correction - this is the bear market. The upward move was the correction. It was the first correction in this young bear market. Technically it is not a bear market yet because we're not down 20% but that is on
Apr 24, 2018 • 32:29
The Eye of the Hurricane – Ep. 347
Another Friday Down Day It looks like the period of calm may be coming to an end and the storm may be looming just over the horizon. The Dow Jones finished down today, just over 200 points off the day's low. I think I saw us down about 280. This was the 4th consecutive Friday where the markets were lower - there was a holiday in there (Good Friday) - it has been 5 Fridays. This seems to be a trend. The markets still managed to eke out a gain on the week. All 3 of the major indexes managed g
Apr 20, 2018 • 27:26
Calm Before the Storm – Ep. 346
Podcast Break: Investor Summit at Sea I apologize to everybody who has been waiting patiently for my next podcast. Las week I went the entire week without doing a podcast, which is unusual. If you are a regular listener to this podcast you'll know that I was on a cruise ship all last week; I was on the Real Estate Guys' cruise. The internet connections on a ship are very slow; particularly the upload speeds - plus I was very busy, so I really decided to take a week off from podcasting. Markets
Apr 17, 2018 • 28:31
Trump Warns Investors to Prepare for Pain – Ep. 345
Wednesday Reversal Day On my Wednesday podcast, I talked about Wednesday reversal day, where we gapped way down and then rallied and closed up. It was a strong outside reversal day. I thought this could be the beginning of a correction. The correction meaning a rise in a bear market. Everybody thinks we're in a correction now of a bull market, but I think the bull market is over and a rise is the correction. Three Consecutive Up Days So I thought maybe we'll get one based on that reversal day
Apr 7, 2018 • 31:23
Americans Have the Most to Lose in a Trade War – Ep. 344
Extreme Volatility It was another extremely volatile day in the U.S. stock market. When I finished my podcast on Monday and we had that big drop, I suspected that Tuesday might be a reversal Tuesday. So I thought we'd get a bounce on Tuesday and, in fact we did. We had a big rally; the Dow was up 400 points or so. Then this morning the Dow opened up down 500 points. In fact when I woke up this morning, a couple of hours before the market opened, the Dow was down closer to 600. Reversing Up Ty
Apr 4, 2018 • 31:18
Markets Slide a Slope of Hope – Ep. 343
Really a Head Fake As I suspected and as I stated in my last podcast at the end of the first quarter, I speculated that the rally that closed out the quarter was really a head fake. When the quarter started, I said you would see a resumption of the downtrend of the evolving bear market, which I believe we are already in. Bear Market Even though technically we're not there yet because we're not down 20%, but you can't get to 20% without first hitting 10%. Although not officially acknowledged, we
Apr 3, 2018 • 35:52
Quarter Ends but Pain Begins – Ep. 342
Holiday Rally Major U.S. stock markets managed to finish a holiday-shortened week with strong rallies. The Dow Jones was up 254 points on the day; earlier in the day it was up better than 400, so the last hour did see the U.S. markets giving up part of their gains. The NASDAQ up 114 points, S&P up 35.87 points, so these rallies today were enough to put the market in the black for the week. But not for the month - all the markets are down significantly in the month of March, and also for the fi
Mar 30, 2018 • 37:55
Investors Remain Oblivious to Flashing Warning Signs – Ep. 341
Incredible Stock Market Volatility We're having more incredible stock market volatility and I've spoken about the pickup in volatility as another sign that things are different; that we've had a change. Increased volatility usually happens at inflection points, especially when we had a record period of minimum volatility. A of a sudden, we're having incredible swings in the stock market. Case in point: Monday and Tuesday. Up Day on Friday When I did my podcast on Friday, I thought maybe we co
Mar 28, 2018 • 36:09
Will Gold Breakout as Stocks Breakdown? – Ep. 340
The Rally that Failed On my last podcast, which I recorded on Wednesday, I pointed out that the market's failure to hold the rally in the aftermath of the rate hike. In the face of all of the bullish statements made by Powell about how great everything was, and how strong the economy was, we had a near 300 point rally that failed. All Systems Go for a Market Decline The Dow surrendered the entire rally, closed on the lows of the day; not a huge decline - it was only about a 45 point decline, but
Mar 24, 2018 • 36:41
Is the Fed Losing Control of the Narrative? – Ep. 339
Fed Surprised No OneToday, the Federal Reserve surprised nobody. They raised interest rates by 25 basis points; the 6th rate hike since the Fed began, in December of 2015. The rate is now between 1.5% and 1.75%, so the midpoint of that is around 1.635. So we're still significantly below 2%, but I guess we're closer to 2% than 1% and obviously, we're a lot higher than zero which is where rates stood during most of the Obama Administration.The Fed Already Broke ItAs I said in my last podcast, eve
Mar 22, 2018 • 30:46
Is the March Rate Hike Really a Lock? – Ep. 338
Tomorrow is the first of the Fed's 2-day Federal Open Market Committee Meeting, and it's going to be the first meeting where there is supposed to be a rate hike and a press conference for the new chairman, Jerome Powell. The markets are pretty much at 100% probability that the Fed is going to raise rates on Wednesday. What the markets are grappling with is whether or not the Fed will raise rates 4 times this year, or only 3. Now, if they are going to raise them 4 times, it would mean they rai
Mar 20, 2018 • 35:47
The Worse Things Get, the Less Investors Notice – Ep. 337
Retail Sales Down Three Months in a Row I've got so much to talk about today, it's hard to even figure out where to begin. So I'll start with some of the economic data that came out today, in particular, the February Retail Sales number. Remember last month we had a bad number, -.3, the second month in a row we had a decline in retail sales. The expectation was for a big rebound in February, +.4. Now, I suppose the good news, if you are looking for retail sales to pick up is that they revised
Mar 15, 2018 • 40:58
Tariffs Are Not Good for Workers
NASDAQ New High The stock market had one of its best days of the year; I think it was the second best day. The Dow was up 440 points - just under 1.8%. The NASDAQ was up 132 points; about the exact same percentage as the Dow. The NASDAQ is now at an all-time record high! It closed at 7,60.81. That is a new record. We have taken out the high from before the 10% correction. The NASDAQ is the only major index that has done that. That is not the case for the Dow, the S&P or even the Russell 200
Mar 10, 2018 • 32:22
All Government Economists Should Be Fired – Ep. 335
Continued Stock Market Volatility The U.S. stock market continues to be extremely volatile, and as I have said many times on this podcast, I think this volatility following a long-term record lack of volatility is a good sign that the uptrend has changed. So there's a good chance that the bull market is now a bear market, although few people seem to realize that. We're still relatively close to the highs. In fact, the NASDAQ shrugged off the morning weakness and managed to gain for the fourth
Mar 8, 2018 • 32:14
America Can’t Win a Trade War – Ep. 334
Trade, Comparative Advantage and Protectionism I want to devote this entire podcast on the subject of trade and comparative advantage and protectionism, and this trade war that President Trump is so confident about. He wants to declare war because he thinks we are going to win. He's a winner, and he wants America to win and so he wants to launch a trade war so that America can win. The Trade Deficit is the Problem I've been talking about how the trade deficits are at record highs. We have the
Mar 4, 2018 • 47:46
Powell Optimism Belies Data – Ep. 333
Second Consecutive 300-Point Drop in the Dow The Dow Jones was down 380 points today, in fact this is the second consecutive 300-point drop we've had in the Dow. The Dow is now down about 4% for the month of February which just ended today. This also means the Dow's record-breaking monthly winning streak has also come to an end. Remember, the Dow was up every month since Donald Trump was elected President including every single month in calendar year 2017. That is something that has never happ
Mar 1, 2018 • 36:14
So Much Debt, so Little Concern – Ep. 332
Remembering Irwin Schiff Today would have been my father, Irwin Schiff's 90th birthday. If you're not familiar with my father's story, and I'm sure most of the people who listen to this podcast are familiar with my father but if you're not go to schiffbooks.com and pick up a copy of "The Federal Mafia," which was one of only 2 books banned by the Federal Government. We have a lot of books, "The Kingdom Moltz" a book that really shows off my father's sense of humor. It's beautifully illustrated
Feb 24, 2018 • 28:20
Trump Is No Reagan & Powell Is No Volcker – Ep. 331
Dow Down Over 250 Points Today the Dow Jones was down just over 250 points; we're back below 25,000. I think we were down better than 300 on the lows of the day, but we went out pretty low. The dollar was actually quite strong today; the dollar index had one of its better days of the year - +.61. We're back at 89.71. We had gotten back below 89, with an 88 handle. Gold had a bad day today after having had some pretty good days last week. The price of gold down almost $18 now; just below $1330
Feb 21, 2018 • 29:18
Is the Powell Put in Play? Ep. 330
St. Valentine's Day Rout I wouldn't really call what happened in the bond market and the U.S. dollar market as a St. Valentine's Day massacre, maybe it was a slaughter; even slaughter was too harsh a word. It was a rout. But this is nothing compared to what is going to come. The daughter is going to get slaughtered a lot more and the bond market is going to get slaughtered a lot more in the days ahead. Maybe not exactly tomorrow, but there will be days ahead that will be much worse than today
Feb 15, 2018 • 40:27
Republican Hypocrites Embrace Debt to Avert Shutdown – Ep. 329
A Change of Trend Another volatile day of trading ended with the Dow gaining a little over 300 points - 330 points to be exact. The NASDAQ composite was up just shy of 100 points - 97.33 - and the S&P gained 38.5 points. But about 2 hours before the close, the Dow was down over 500. And then, in about 20 minutes, it rallied from down 500 to positive, and then at the close it had that 300-point rally. But it started the day up about 200 points, so between up 200, down 500, up 300… Again, we're
Feb 10, 2018 • 30:03
Deficits Don’t Matter – Until They Do – Ep. 328
Orlando Money Show: 20 Trillion and Beyond I wasn't intending to do a podcast today; I'm in Orlando at the Money Show, I'm on a stock market panel. It's going to be fun: Louis Navellier, Mark Skousen, David Callaway and Chris Gaffney. My big talk tomorrow should be very interesting. The title is 20 Trillion and Beyond: What the Coming Debt Explosion Will Mean to Your Portfolio. Dow Jones Closed Down 1,032 Points Today Now, of course, it's already exploding, but I gave them that headline abou
Feb 9, 2018 • 24:44
Stocks and Bonds Do Dangerous Dance – Ep. 327
Volatility The volatility is really continuing, in fact, today at one point this morning the Dow was up close to 400 points; ended up closing negative. It wasn't a big drop; about 20 points, but I think that's the biggest reversal of a gain to a loss in a little over 2 years. The broader market did worse. The S&P percentage-wise dropped about 13.5 points; the NASDAQ was down about 64 points. Turnaround Tuesday Of course the biggest reversal is the one we had yesterday. In fact, when I recorde
Feb 8, 2018 • 43:34
Fake Financial News Still Clueless About Monday’s Stock Market Mini Crash – Ep. 326
Stock Market Decline Predicted Last Friday I have to warn you up front that I seem to have come down with something last night after the game, and I am having trouble talking today. I normally would not record, but I have to because on Friday's podcast I predicted the decline that we saw today. I Told You So Of course, we did not have a Black Monday like 1987; it wasn't a 20% decline. It was the biggest point decline in the history of the stock market by a large magnitude. We were down 1175 poi
Feb 6, 2018 • 27:07
Will Black Monday Come Early This Time? Ep. 325
666 Point Drop Today the Dow finished off its worse week in 2 years with a 666 point drop. That is the third largest point drop in the history of the Dow. The last big drop that was larger happened during the 2008 financial crisis. Percentage-wise, though the 666-point drop today is only 2.5% so it's really not that big, as a historic decline. 3% Drop from All-Time Record High It's large in a sense that we haven't had a one-day 2.5% decline in the Dow in quite some time. In fact, I'm not eve
Feb 3, 2018 • 40:53
Obama & Yellen Strand Trump & Powell in Dodge – Ep. 324
Janet Yellen Got Out of Dodge As expected, earlier today, the Federal Reserve decided not to raise interest rates; they left them unchanged. The next rate hike is likely to come when Powell takes the reins at the Fed. Janet Yellen got out of Dodge! This is the second Fed chairman to be able to pull this off. Bernanke inherited a disaster, and he got out of Dodge, and so did Janet Yellen. Greenspan as Dr. Frankenstein, Fed Policy as Monster I don't think Powell is going to be as fortunate as hi
Feb 1, 2018 • 35:23
Do Rising Interest Rates Finally Matter? – Ep. 323
A Rare Down Day The U.S. stock market finally had a rare down day today. The Dow Jones was down almost 180 points. We did have a little bit of a rally off the lows. NASDAQ closed down 39 points. But still, it's rare to see the U.S. stock market going down. Supposedly, the catalyst for the sell-off today was the increase in long-term interest rates. Long-term interest rates have been rising steadily all year, so the market hasn't cared about rising interest rates at all this year, so I don't
Jan 30, 2018 • 34:06
Economic Alice in Wonderland – Ep. 322
Alice in Wonderland I spent a lot of time today watching CNBC's coverage of the World Economic Forum in Davos. I feel like I'm in the Twilight Zone, or Alice in Wonderland or something like that. Everybody is so optimistic. At least all the Americans who are interviewed. I put up on my Facebook an analyst from Morgan Stanley Asset Management. She's unquestionably bullish on every front. Everything is bullish - there's nothing at all to worry about. In fact, the only thing that she said that
Jan 26, 2018 • 30:14
Clueless Mnuchin Embraces Weak Dollar Policy – Ep. 321
Dollar Getting Hammered Gold and oil are breaking out, the dollar is breaking down, bonds continue to break down, and no one cares! Nobody is worried. The Dow was up today, although it finished up closer to the lows it was up a lot more earlier in the day although the dollar was getting hammered before the stock market opened and they still bid it up, but the S&P, the NASDAQ and the Russel 2000 all finished in the red, but the losses weren't that big. It's based on the fact that nobody even und
Jan 25, 2018 • 30:35
Unfortunately, the Federal Government is Open – Ep: 320
The Government is Back in Business The government is officially re-opened! Apparently, the government shut down, maybe it was on Friday. Earlier today Congress voted to re-open it! The good news that the government is back in business sent the stock market to record highs. The Dow, the NASDAQ, the S&P all rallied on the good news. When the Government Shuts Down, it gets Bigger Of course, the good news was the government shutdown. Except, it's not really shut down. If they actually shut the
Jan 23, 2018 • 32:12
Bonds & Dollar Down, Stocks Up – Ep. 319
January 19, 2018 Traders Still Ignoring Ominous Warning Signs We closed the week with more gains on Wall Street as stock traders continue to ignore all the ominous warning signs that have been flashing. The S&P Composite and the NASDAQ both hitting new record highs today. The Dow, not a record high, but positive on the day, closing above 26,000 for the week for the first time ever. Important Warning Signs in the Bond Market But most importantly, what the market is ignoring is what is happenin
Jan 20, 2018 • 35:51
Possible Top in Stocks and Breakdown in Bitcoin – Ep. 318
January 16, 2018 Buying Stocks with Both Hands When I recorded my podcast on Friday, just looking at the technical action in the dollar and I was getting nervous that maybe we could have been setting ourselves up for some kind of holiday surprise; a big drop over the 3-day weekend that could have led to some real fireworks on Tuesday; and when the market started, everybody ignored the new low in the dollar and they were buying stocks with both hands, out of the gate. The Market Could Not Hold th
Jan 17, 2018 • 28:03
Everything That Can Go Wrong, Will – Ep. 317
January 12, 2018 Obvious Negative Factors Hiding in Plain Sight This Friday ahead of the three-day holiday weekend, all three markets are ignoring the ominous warning signs that are building by the day. They're registering new highs, the Dow up better than 200 points, 228, closing over 25,800; S&P, NASDAQ both hitting record highs today. To me, this is very reminiscent of 1987, in that the stock market is rising despite the fact that there are very obvious negative factors that are building and
Jan 13, 2018 • 38:11
China Rings a Bell – Ep. 316
January 10, 2018 Bells are Ringing but Nobody is Listening They always say that nobody rings a bell at the top. And that saying relates to the stock market, investors; there's never a clear warning sign, supposedly, of when to get out. My experience is actually the opposite. I think many bells ring, not necessarily at the very top, but certainly close to it, it's just that they're ignored; or if they are heard, they are rationalized away. China says No to More U.S. Treasuries Another such bell
Jan 11, 2018 • 33:28
2017 GDP Growth Looks like Obama 2.0 – Ep. 315
January 8, 2017 Atlanta Fed's Q4 2017 GDP Estimate at Record Low The Atlanta Fed did downwardly revise its estimate of Q4 GDP as a result of the numbers that were released on Friday. The downward revision took their estimate from 3.2% down to 2.7%. 2.7% is the lowest the estimate has been since they began estimating 2017 Q4. In fact, earlier on, in October or November the Atlanta Fed was up to 4.5% for their 2017 GDP. So as the U.S. stock market was rising to an all-time record high the Atlant
Jan 9, 2018 • 37:46
Twin Deficits May Doom Stock Market Boom
Schiffreport: January 5, 2018 Trump: We Will Win on Trade Earlier this morning the government released the December Nonfarm payrolls report, AKA the Jobs Number. But rather than start with that, I want to talk about another number that was released at the exact same time. It unfortunately gets very little attention in the media, in fact nobody has really paid attention to this number since the late 1980's - early 1990's. Of course, I am talking about the trade deficit. In fact when Donald Tru
Jan 6, 2018 • 25:54
Those Expecting Low Inflation Are in for a Surprise – Ep. 314
Market Ignoring Economic Realities All three of three of the U.S. stock market indexes are ringing in the New Year with new record highs. The market was up on the first trading day of the year; up again today. NASDAQ composite is the star, 7065 today up another .84% - a new record high. The same thing with the S&P and the Dow. The Dow is now almost at 25,000; it closed at 24,922. Of course, everybody is ignoring, though, the economic reality. What Do Oil Price Increases Imply for the Economy
Jan 4, 2018 • 34:57
Investors Whistle past the Mother of All Graveyards – Ep. 313
2017 Optimism This is my final podcast for 2017. I just watched the U.S. Stock Market ring the closing bell for the final time in 2017. Everybody is excited; everybody is optimistic. I spent most of the day watching the financial coverage, mostly on CNBC to see the attitude and the types of coverage the market has received. The Dow Gained 5,000 Points in a Single Year Of course this is a record year in the stock market; an all-time record high in the Dow. I think this is the first year that t
Dec 30, 2017 • 34:42
Republicans Take Complete Ownership of the Bubble – Ep. 312
Trump's Economy Today President Trump signed into law the Tax Cuts and Jobs Act. The biggest problem that the President will have with these tax cuts is that he now owns the economy. That is going to be a big problem, because this is now Trump's economy. This is now the Republican economy. It's All Bullish Now, Trump now already owns the stock market, and that has served him well so far this year. But you know what? The stock market could be getting ready to enter a big bear market. I've neve
Dec 23, 2017 • 37:58
Is It Time to Sell the Fake News on Tax Reform? – Ep. 311
Calling Tax Cuts Reform is Fake News Earlier today the House of Representatives passed the Tax Cut Bill. Of course, the Media keeps referring to it as "Tax Reform". That's fake news, for you, calling these tax cuts reform is a perfect example of fake news. Donald Trump is not going to complain about this fake news. When the fake news works in his favor, when he prefers the fake news to the real news, he's going to be quiet about it. It's only when he doesn't like the fake news that he calls
Dec 20, 2017 • 29:30
Swamp 2, People 0 – Ep. 310
Everybody Joins the Party All 3 of the major U.S stock indexes closed out the week at new record highs as it became apparent that the new tax cut deal was pretty much done. Marco Rubio, who had been a hold-out, caved and even Corker, the one Republican who was going to vote against the bill becase it was going to increase the deficit, decided to join the party as well. He's now a yes, so the bill is going to pass. Plan Riddled with Loopholes We didn't get the compromise details until later Frid
Dec 16, 2017 • 35:30
Yellen Proclaims It’s Different This Time – Ep. 309
Expected Rate Hike Today the Federal Reserve did exactly what everybody expected them to do, they once again raised interest rates by just one quarter of one percent. This is the third rate hike of the year; this is the fourth rate hike since Donald Trump was elected President and the fifth time the Fed has raised rates since the 2008 financial crisis. The Fed raised rates only once from Obama's election to Trump's election eight years later. Extraordinary Amount of Excess Stimulus We now are a
Dec 14, 2017 • 36:41
CNBC Becomes Crypto News BitCoin – Ep. 308
Bitcoin Week I'm going to devote today's podcast to bitcoin; I might as well just talk about bitcoin because that's all anybody else is talking about. On CNBC that's pretty much all they are talking about; they said it is "BitCoin Week". It sure sounds like it. I think they should just rename the network: Crypto News BitCoin Network. I would be a good guest on that network because I know either side. Swallowing Hype Hook, Line and Sinker But just like in the dot com bubble in the 1990's and
Dec 12, 2017 • 33:43
Trump Continues What He Once Called the Biggest Hoax in American Politics – Ep. 307
A Nonfarm Payroll Beat Today the labor department released the November jobs report - Nonfarm Payroll - of course Wall Street always highly anticipates this number; all the politicians, Donald Trump was ready to tweet as soon as the data was released. The expectation was for 190,000 jobs and we beat, with 228,000 jobs. An Even Bigger Hoax The unemployment rate held steady at 4.1%, which prompted President Trump to tweet, "The unemployment rate remains at a 17-year low of 4.1%. Now remember, w
Dec 9, 2017 • 40:16
Another Trump Flip Flop – Ep. 306
Trade Deficit Moving Higher as Economy Slows Down Yesterday we got the release of the October monthly Trade Deficit and we got a trade deficit of $48.7 billion dollars. That was a little bit North of the $47.4 billion expected in the consensus forecast. In fact, the prior month, which was $43.5 billion was revised upwards to $44.9 billion. The larger number did cause the Atlanta Fed to shave down its estimates for Q4 GDP from 3.5% to 3.2%; my guess is that they will be revising it lower. Most
Dec 7, 2017 • 28:15
Senate Passes Its Version of Fake Tax Reform – Ep. 305
Market Rallies on News of Passing Tax Cuts Act Late Friday night, or I guess early Saturday morning, the Senate passed its version of the Tax Cuts and Jobs Act. Last week the market, as it became more apparent that the Senate was in fact going to pass the bill, the market was rallying, and continued to rally and, in fact rallied again today. This was the first chance the market had to react to the Senate actually passing their version of the bill. DJIA Up, NASDAQ Down At one point today: the D
Dec 5, 2017 • 51:40
No Such Thing as a Permanent Tax Cut-Ep. 304
Buy the Rumor Sell the Fact One of the things that could de-rail Wall Street enthusiasm is if Republicans are not able to deliver on the promised tax cuts. Of course, even if they are able to deliver, it will be a, "buy the rumor, sell the fact". Especially since the fact is not going to deliver the promises of the rumor, which is more economic growth. These tax cuts are not going to grow the economy because they do not shrink the size of government. When the Fed Loses Control of the Bond Mark
Nov 27, 2017 • 37:11
Frankenfed Finally Fears Its Own Monster – Ep. 303
Fed Fears Inflation Is Not High Enough Fed statements drove the markets today; particularly the foreign exchange markets and the precious metals markets. First we got a quote from Janet Yellen early this morning in which she was talking about inflation. Her concern is that inflation isn't high enough. Here's and exact quote from Janet Yellen: “It can be quite dangerous to allow inflation to drift down and not to achieve over time a central bank’s inflation target,” Dangerous? Dangerous to whom?
Nov 23, 2017 • 41:07
Financial Conditions Easiest Since 1994 – Ep. 302
Financial Conditions Are Loosest Since 1994 I was reading an article today that the Chicago Fed released their National Financial Conditions Index (NFCI) and according to their research, financial conditions in the United States are the loosest since January of 1994. Of course, that was early on in the dot com bubble, before it even "bubbled up", it was just at the beginning of that bull market, yet the Federal Reserve has been tightening; raising interest rates for a couple of years. They've
Nov 18, 2017 • 34:03
Lies Republicans Tell to Sell Tax Cuts – Ep. 301
Faltering Expectations The U.S. dollar and the stock market continued to be a little bit under pressure this week as anxieties are rising over the fate of the tax cuts with so many investors are putting so much expectation into the proposed tax cuts. Tax Cuts Do Not Reflect Smaller Government I have gone over many times on this podcast why I do not believe the tax cuts are going to help the economy. Tax cuts are good for the economy to the extent that they reflect smaller government. If you are
Nov 16, 2017 • 42:24
Senate Rearranges the Deck Chairs – Ep. 300
No Real Tax Relief Yesterday the Senate released their version of the Tax Cut and Jobs Act, and it is not that different from the House version. There are some differences, some of which I will get into, but the main problem is not the difference, but the similarity. The plans don't deliver any kind of substantial tax relief, in the manner that President Trump refers to as, "the biggest tax cuts ever". It's not even close. For most people, there will be minor tax cuts and for other people ther
Nov 11, 2017 • 57:44
Trump’s “Surprise” Win One Year Later – Ep. 299
Conventional Media Was Surprised It's hard to believe has been a year since Donald Trump shocked everybody, at least everybody in the conventional media, Wall Street, all the pundits, professional politicians, anybody who has anything to do with Saturday Night Live... Nobody believed that Trump a snowball's chance in Hell of winning the White House. Hillary Clinton had already picked out her china patterns, she had this big glass ceiling that she was going to shatter in her victory party. So ev
Nov 9, 2017 • 34:06
Obama Employment Trends Continue Under Trump – Ep. 298
High Expectations for Jobs Numbers This morning we got the release of the October jobs report, and it followed the hurricane-related very weak report that we got in September. This time, the reason actually was weather-related. Remember, they originally reported a decline of 33,000 in September. No one cared, though, because it was all about the hurricane. This month everybody was very optimistic; the consensus for October was 325,000 jobs. Numbers Fell Flat I was watching CNBC this morning and
Nov 4, 2017 • 32:05
The Swamp Wins on Taxes and the Fed – Ep. 297
No Change in the Fed Swamp The announcement of the new Fed Chair, Jerome Powell, represents a commitment to the status quo at the Fed. President Trump has nominated the person most likely to do exactly what Janet Yellen did for President Obama. Powell has voted in lock step with Janet Yellen for the entire time she has chaired the Fed. The only real difference between the two is that Yellen is a Democrat and Powell is a Republican, even though he was nominated to be on the Fed by President Oba
Nov 3, 2017 • 45:49
Tax Reform Trial Balloons Keep Popping – Ep. 296
Trial Balloon #1: Backpedaling on State and Local Tax Deductions All this talk about tax cuts is all a fraud, because government is getting more expensive and the taxpayers are going to be stuck paying the bill one way or another. They keep on launching these "trial balloons. I was reading over the weekend that they are backpedaling, talking about the idea of eliminating the deduction for state and local taxes, but not for property taxes. So everybody can deduct their property taxes because eve
Oct 31, 2017 • 34:16
Republicans Won’t Even Consider Cutting Spending to Pay for Tax Cuts – Ep. 295
We're getting a tax cut! There is one thing now that that has the potential to cause a short-term decline of more than 3% in the stock market, and that would be: no tax cut. If the Republicans announce that they're at a deadlock, and we're not going to have any tax reform or tax cuts, it seems to me the stock market will get hit. Washington and Wall Street both agree that if we don't get this tax cut, the market's going down. So what does that mean? We're getting a tax cut! Making the Stock
Oct 24, 2017 • 41:06
30-Year Anniversary of the 1987 Stock Market Crash – Ep. 294
Black Monday 1987 Today marks the 30th anniversary of the 1987 stock market crash. It's hard to believe that it's been 30 years. I still remember where I was when the crash happened and my reaction to it. It happened just after I had graduated from the University of California at Berkeley. By the time the crash happened, I had already accepted a job in Newport Beach, California. I was going to be working in the commodity options market, but I hadn't started yet. Lesson: The Market Goes Up Th
Oct 20, 2017 • 39:03
U.S. Inflation Is Bullish for Gold and Bearish for the Dollar – Ep. 293
Inflation Higher Than Expected Today we got the hotter than expected news on prices - on inflation. We got the import/export prices. Import prices were supposed to be up 0.5%, which in and of itself is a pretty big jump, but they were up 0.7. Export were also up; (we would want export prices to go up, because that means we are getting more for what we export) they were expected to rise 0,4%, and instead they rose by 0.8. Double the expectation. Import/Export Index Methodology More Accurate Ye
Oct 18, 2017 • 41:45
Record Confidence in U.S. Stocks Means Trouble Ahead – Ep. 292
Optimism Rules the Day Friday the 13th was not an unlucky day for the U.S. stock market; all three of the major stock market averages closing at all time record highs. Optimism is ruling the day. In fact, there was a consumer confidence number that came out today revealing confidence in the economy - the University of Michigan Consumer Confidence - and this is a measure of the belief that the U.S stock market will be higher 12 months from now than it is today. By that measure, consumers have mo
Oct 14, 2017 • 34:09
Middle Class Tax Hikes Put Trump Tax Cuts in Jeopardy – Ep. 291
Congress May Not Deliver Promised Economic Growth I think part of the renewed weakness in the dollar may be due to the feeling that all the tax cuts are not going to pass. The Trump/Republican plan outlined some days ago will be difficult to to get through Congress. Even if it does get through Congress it is not going to deliver the economic growth that is being advertised. Tax Cuts Masquerading as Reform Go back to the origins to the Republican dialogue about tax reform. They actually wanted
Oct 11, 2017 • 32:01
Government Costs More When Paid for with Borrowed Money – Ep. 290
Government Is Not Measured by What It Taxes, It Is Measured by What It Spends Democrats promise free stuff; Republicans promise free tax cuts. What's a free tax cut? That's a tax cut that happens even though you don't reduce government spending. In a recent panel discussion with Steve Forbes, I made the point that government is not measured by what it taxes, it is measured by what it spends. So, if the government is spending money, there is a cost associated with that, whether or not we pay fo
Oct 7, 2017 • 37:48
More Gun Laws Will Not Prevent Mass Killings – Ep. 289
Gun Laws Do Not Prevent Crime The answer to preventing mass killings is not more gun control; Stephen Paddock would have been able to get those guns regardless of whether or not owning them was illegal. He would have found a way to get those guns. Heroine is illegal, cocaine is illegal - there are all kinds of things that are illegal - it doesn't stop people from getting them. Criminals Will Break Any Law If you are a criminal, you are going to break the law, and clearly, if you're willing to mu
Oct 3, 2017 • 36:19
Stock Indexes End Q3 at Record Highs – Ep. 288
Record Highs in the Markets This is the last day of the third quarter; S&P 500 and NASDAQ ended at record highs. I am not sure what made the Dow miss an all-time record - it was close but no cigar. Other broader measures did hit record highs to close out the quarter, in fact, Donald Trump was tweeting about the record highs in the stock market earlier this morning. Of course, when we were having record highs under Obama, it was a bubble and it didn't matter, but now that it is his bubble, it'
Sep 30, 2017 • 37:42
Pros and Cons of the Trump Tax Plan – Ep. 287
Estate Tax is Out Today President Trump announced some of the details of his highly-anticipated tax reform, which is really not tax reform, it's more of a tax cut masquerading as a reform. I would say the best part about it is the elimination of the estate tax. That, in and of itself is a very substantial improvement. That tax should not be there; it raises very little revenue but does tremendous damage to businesses. It impedes the ability of a family business to be passed down from generati
Sep 28, 2017 • 34:08
Did Yellen Push the Envelope Too Far? – Ep. 286
Yellen Putting On an Optimistic Front Everybody is watching Janet Yellen this week; the Federal Reserve met and did not raise interest rates - no one expected them to raise interest rates. But Yellen did offer a more optimistic assessment on the economy than most people were expecting. In fact, she shrugged off all these hurricanes and did not mentioned all the money that will have to be borrowed to repair all the destroyed infrastructure. No Rate Hike She's not worried at all about the impact
Sep 22, 2017 • 36:58
Fed Minutes More Show Than Substance – Ep. 285
Market Anticipates Quantitative Tightening The market continues to rise; people are excited about the Fed meeting that start tomorrow and concludes on Wednesday. Nobody expects a rate hike and there's not going to be a rate hike, but what everybody is looking forward to is the Fed outlining its strategy for quantitative tightening. Shrinking the Balance Sheet The Fed hasn't actually used those words yet; I use that term because what they are going to do is they are going to shrink their balance
Sep 18, 2017 • 38:21
Tax Deal With Dems Won’t Stimulate Growth – Ep. 284
President Trump Courts Dems on Tax Reform I think the catalyst for the rise in the stock market today is enthusiasm over President Trump's announcement that he is working with the Democrats and is close to a deal on tax cuts. So that if he can't get something done with the Republicans, he will get it done with the Democrats and, one way or another, he's going to accomplish this major tax reform. Major Shift to Make Economy More Productive But of course, it's not going to be tax reform; it's goin
Sep 15, 2017 • 42:28
Risk On Includes U.S. Dollar – Ep. 283
A Huge Risk-On Day The markets rallied all over the world. Everything was up. All the foreign markets - European markets, Asian markets, rallied. It was a huge risk-on day. Stocks went up and bonds got clobbered. Yields rose on government bonds, the 10-yr. out to the 30-yr. Insurance Rates Going Up There will be a lot of pressure on insurance companies to pay claims for both recent hurricanes and where's that money coming from? It's got to come from the markets. It is just not sitting there i
Sep 12, 2017 • 40:49
Blowing the Roof Off the Debt Ceiling
Trump said Government was Too Stupid When Donald Trump was originally elected President, I was out there warning, that budget deficits under the Trump Presidency are going to be huge. Donald Trump never ran as a fiscal conservative or a Libertarian. He didn't say government was too big, he just said it was too stupid. He promised just to be smarter. He didn't say he would make government smaller, only that he would make it more efficient. He would do a better job of using big government than p
Sep 8, 2017 • 29:21
Hurricanes Rain On Market’s Parade – Ep. 282
Threats from Hurricane Irma and North Korea After a long holiday weekend the DJIA fell 234 points this Tuesday. Finally we have some kind of negative reaction in the stock market to the bad news. Over the weekend we got news that North Korea had successfully tested a hydrogen bomb, and now we know that Hurricane Irma, which is now listed as a category 5 hurricane, is one of the biggest, if not the biggest hurricane ever in the Caribbean. Anything Can Happen It looks like it is going to go righ
Sep 6, 2017 • 38:35
Weak Jobs Report Doesn’t Rain on Market Parade – Ep. 281
Nonfarm Payroll Report Fails to Impress Today is the first Day of September; and since it is the first day of a new month, and it is a Friday, we got the nonfarm payroll report. The consensus forecast was about 180,000 jobs. The number came in at 156,000, well below the consensus. To make it worse, they revised down the prior 2 months by about 20,000 jobs each. The unemployment rate notched up from its 16-year low. When Donald Trump, the candidate called 5% unemployment the greatest hoax on th
Sep 2, 2017 • 36:08
Gold Breaks Through $1,300 Resistance – Ep. 280
$1,300 Was a Coiled Spring Beneath the Market We've been flirting with that $1300 level all year; I've been talking about all the resistance that was up there and every time the price of gold got near $1300 it was met with a tremendous amounts of selling, there was a lot of supply. But as I have been saying on this podcast, the demand was building. It was a coiled spring beneath the market. The channel was narrowing. The distance between the $1300 resistance and the support kept getting narrow
Aug 29, 2017 • 24:26
My Take on Joe Rogan Redo – Ep. 279
The Joe Rogan Experience Podcast I appeared the Joe Rogan Experience Podcast while on my trip this week to the West Coast. I first appeared on his show about 3 years ago, and since then the popularity of his podcast has really exploded. A couple of million have already listened to my most recent appearance. I was on for 3 hours and I did almost all of the talking. Huge Reaction to Minimum Wage Discussion If you look at the YouTube video you'll see a tremendous amount of reactions, both positive
Aug 26, 2017 • 47:07
Ben Shapiro Exposes Cenk Uygur’s Economic Ignorance – Ep. 278
Economic Ignorance I happened to watch a YouTube video Politicon 2017 Live Stream Schapiro vs Uygur and I want to address only the part of the discussion which was about taxes. Ben Shapiro did a good job, but a much stronger case should be made about Uygur's statements which were economically ignorant. False Logic One of the points that Cenk Uygur made during the debate is that high taxes are good, that we have more prosperity with higher taxes, and lower taxes are bad for the economy. In his o
Aug 18, 2017 • 35:41
Freedom of Speech vs. the Thought Police – Ep. 277
Press Wants Freedom of Speech as Long as It Fits Their Agenda One of the few rights left to us in this country is the freedom of speech. If we don't defend speech that we find offensive, someone else will find your speech offensive and move to silence you. Political correctness, is evolving into the Thought Police via the mainstream media. In particular, President Trump's reaction to the events in Charlottesville is being portrayed as a defense of White Nationalists over Black Lives Matter. No
Aug 16, 2017 • 53:06
Bitcoin is a Digital Risk Asset, Not a Currency – Ep. 276
Speculative Asset Bitcoin is a digital risk asset, not a currency. If you own bitcoin you have an asset, but it is not a safe haven. A safe haven is an asset that is not likely to go down in comparison to another speculative investment. Bitcoin has been extremely volatile; it happens to be going up, but the price is based on speculation. Does anybody believe that bitcoin has less downside risk than the stock market? Not a Currency Bitcoin is not used as currency. They trade in bitcoins for do
Aug 14, 2017 • 47:45
Trump’s Saber Rattles Markets – Ep. 275
Fire and Fury Not Strong Enough Donald Trump's saber-rattling against North Korea continues. Yesterday the President was asked to clarify his statement about the "fire and fury" and he came out and said that that wasn't strong enough; he was really sugar-coating it. What he really means is something worse - if anything his statement was not strong enough. Again, today Trump issued another threat that N. Korea had better be careful, if they say anything if they will regret it big time, so the lev
Aug 11, 2017 • 38:28
Income Not Received Should Not be Taxed – Ep. 274
Elimination of Deductions for State and Local Tax - "SALT" Tax reform is the one remaining 2018 Republican campaign issue, and the argument over "SALT", or the elimination of deductions for state and local taxes. In general that would be state income tax or state property tax. In some states that do not have income tax, you are allowed to deduct your sales tax, although that is a more complicated deduction. In the wealthier states on both coasts, tax payers rely on those deductions. The Mortgage
Aug 10, 2017 • 31:46
Trump Hypocrisy on Jobs Raises Concerns – Ep. 273
Trump Jumps to Tweet on Mediocre Jobs Numbers This morning the Labor Department released the July Non Farm Payroll numbers and Donald Trump tweeted,"Excellent Jobs Numbers just released - and I have only just begun." Many job stifling regulations continue to fall. Movement back to USA!" What is excellent about these numbers? If you look at the household survey reveals that we created 393,000 part time jobs during the month, and we lost 54,000 full time jobs. Candidate Trump complained about the
Aug 5, 2017 • 32:25
Dow Tops 22K but Market’s Foundation Has Cracks – Ep. 272
Trump Takes Credit for Dow Jones 22K We have an all-time high in the Dow Jones today, closing above 22K for the first time ever. Donald Trump did not tweet about this today, although yesterday he did put out a tweet that the market was about to hit 22,ooo; of course he is claiming credit for it. In fact he pointed out in his tweet that when he was elected, the Dow was 18,000 and not it is 4,000 points higher and of course he is claiming credit for it. He says the media is ignoring it. They are
Aug 3, 2017 • 34:26
Skinny Repeal was a Fat Lie – Ep. 271
Obamacare Repeal Charade Over The whole charade surrounding the repeal of Obamacare is finally over. The most recent attempt, labeled "Skinny Repeal" was a big fat lie. They weren't really repealing anything, leaving the essence of Obamacare and accelerating Obamacare's death spiral. If Congress had repealed the employer mandates and the individual penalties but left everything else the same, then the number of healthy people making the irrational decision not to buy insurance would skyrocket a
Jul 29, 2017 • 44:41
Dollar Falls as Balance Sheet Shrinkage Doubts Rise – Ep. 270
Summary: The Dow and the NASDAQ set new record highs today as the dollar sold off near the end of the day to close at yet another low for the year. Remember, the dollar index rallied 6% between the election and the Trump inauguration. It has now fallen more than 10% since inauguration. Many currencies are at two-year highs. The Australian dollar is at a 2-year high, certain commodities are at a 2-year high, copper broke to a 2-year high; oil prices have been strong. Oil was up about $.80 today
Jul 27, 2017 • 30:51
Lessons From Vegas Don’t Stay in Vegas – Ep. 269
Summary: My recent trip to Las Vegas for The Freedom Fest provided some interesting lessons. My observations that we are paying more for less were illustrated by the theft of my luggage, as there are no more luggage security checkers in baggage claim exits. Also, for the first time, major Las Vegas hotels are charging from $15 - $18 for parking. This is causing hotel valet workers to lose money, as customers are less likely to leave a generous tip (or any tip) if they are already paying quit
Jul 25, 2017 • 36:00
Weak Data Sinks Dollar But Floats Stocks Ep. 268
Summary: More weak economic data today sent the U.S. stock market to record highs; at least the Dow and the S&P hit new records. NASDAQ not quite, but very close. The dollar hit a new low for the year. The dollar index, settling in at 95.10, right on the low for the day. That's down .63. Some of the other currencies are strong. Aussie Dollar Strong The Aussie dollar was up about 1.3% on the day; one of the strongest of the currencies today. The Aussie dollar is very close to a 2-year high.
Jul 15, 2017 • 31:21
Market Ringing Lots of Bells:Ep. 267
Summary: There are market indicators of a major top as illustrated by the Blue Apron IPO, as it represents the failure of a very weak company attempting to raise money my means of an IPO when the market may have lost its steam. The stock is trading at $7.14, down from its initial $10/share offering. Wall Street has lost control of this IPO. A smaller bank actually issued a price target of $2/share. The point is that they brought the IPO to the market and they could not keep the air in the bubble
Jul 12, 2017 • 28:36
Another Weak Jobs Report Portrayed as Strong – Ep. 266
Summary: There wasn't much of a market reaction to this Nonfarm Payroll report; the dollar index was only up .2% on the day. It closed up flat on the week. The Canadian dollar closed at a 10-month high against the dollar. Also bond prices continue to fall; this is a bad week if you own bonds, worldwide. Yields are rising across the board. The trend looks like we are about to break down in the bond market and break out in yield. Gold Market I think it is the weakness in bonds and the backup in
Jul 8, 2017 • 29:26
What It Means To Be An American – Ep. 265
Summary: One of the key differences between Americans and citizens of other countries is that in most nations of the world, individuals gradually won freedoms and privileges from a monarchy. In the U.S., however, we started with all of our rights. Then, Americans created government by surrendering some of their power, empowering government. These rights are spelled out in Article 1 Section 8 of the Constitution. Free Stuff Rather Than Freedom We have government not to give us stuff, but to sec
Jul 6, 2017 • 37:35
Dependence Day. Americans Celebrate Free Stuff, Not Freedom – Ep. 264
Summary Independence Day is a great American holiday, but it fills me with joy and sadness. I love to commemorate what America was, and the whole idea of what made America different. Once we declared our independence in 1776 the people created a government. We the people had all the power and we surrendered some of our power to form a limited government. The government was a creation of the people and they ceded some power to the government. This was unique. As a result of this limited govern
Jul 6, 2017 • 27:19
Blue Apron: All That’s Missing is the Sock Puppet – Ep. 263
Summary: Blue Apron Holdings IPO The Blue Apron Holdings IPO today is reminiscent of the dot com boom. The market is saying the 5-year old company is worth close to $2 billion. This IPO represents a "down round" which may occur after a company suffers a decline in valuation after it has received initial rounds of capital investment. The initial offering was $10/share, and by the closing bell it only managed to close at $10. This stock may go below $10 as early as tomorrow, as many investors wer
Jun 30, 2017 • 31:45
Republican Replacement Won’t Fix ObamaCare – Ep. 262
Summary: Once again the solution doesn't work. As with the Democrats' solution, the penalties are too low. In both the House and the Senate, trying to force people to buy insurance won't work because the penalty for not buying insurance is not stiff enough. The reason they aren't doing that is, politically, it is a losing proposition. This is why the Republicans never should have touched this issue. If they did not have the guts for outright repeal, they should have never done anything. They s
Jun 28, 2017 • 36:27
Senate Plan Makes ObamaCare Worse – Ep. 261
Summary: Let the SS ObamaCare Ship Sink The Republicans in the Senate finally unveiled their version of ObamaCare Repeal & Replace. It's very heavy on replace, but there really isn't any repeal. They are replacing it with something that may even be worse. Regardless, we still should let the ObamaCare ship sink while it's called the SS ObamaCare. Senate Bill Leans Toward Socialized Medicine The House already passed their version. The Senate version is even worse; it takes away all penalties for
Jun 24, 2017 • 44:53
All Tax Cuts Are Temporary – Ep. 260
Summary: Every tax cut is temporary. Ryan's premise that we can't get the stimulus we need without a permanent tax cut is complete nonsense. Congress has no idea what the budget's going to be next year, let alone 10 years from now. The only budget that really counts, and even then they can't get it that accurate, is the current year. When the government cuts taxes it doesn't come with a guarantee that the rates are never going to go up. * We had a bit of a turnaround Tuesday today; all of th
Jun 21, 2017 • 33:07
Government, Not Amazon Putting Cashiers Out of Work – Ep. 259
Summary: Amazon Buys Whole Foods The Dow was up today; mainly on the surprise announcement that Amazon, the king of on-line retailing, is buying Whole Foods. In a labor market significantly altered by ObamaCare-style government intervention, this news could signal further changes to the labor market. Retail has experienced a steady decline, and this move could usher in a new wave of Amazon Go-style services. Economic Surprise Index Headed For 2009 Territory According to an article in Zero Hed
Jun 17, 2017 • 33:31
Hawkish Hike May Backfire on Fed – Ep. 258
Summary Quantitative Tightening Ahead: The Federal Reserve came out with a surprisingly hawkish rate hike today, announcing plans to shrink the balance sheet by $50 billion per month. This would mean an annualized rate of $600 billion per year in new treasuries to hit the market. This does not take into consideration existing budget deficits or future spending. The Fed's policy reversal, in the face of no corroborating positive economic data, is still "data dependent". No Good News: Meanwhile,
Jun 15, 2017 • 24:42
Statehood Would Be a Step Down for Puerto Rico – Ep. 257
Summary: In Puerto Rico's recently held non-binding referendum on statehood, just 23% of the eligible voters who actually voted overwhelmingly chose statehood. This would mean that Puerto Rico would keep its current debt and take on the $20 trillion U.S. national debt. This would offer the moral hazard of offering Puerto Ricans additional welfare benefits. The last thing Puerto Ricans need is to be in a situation where it is more attractive not to work. * A lot of people are asking me abo0u
Jun 14, 2017 • 27:46
Volatility Rises as Fed Readies Another Rate Hike Ep. 256
Summary: Friday's Tech Wreck continued today, some stocks making key technical reversals. The crypto currencies, also experienced volatility as Bitcoin seems to be losing some of its market share to other competing crypto currencies, but volatility remains a key component of the market. Volatility may be exacerbated by Wednesday's anticipated Federal Reserve rate hike. * Friday's Tech Wreck continued today; the NASDAQ composite led lower by the same momentum stocks that got clobbered on Frida
Jun 12, 2017 • 30:28
Political Theater Trumps Economic Data – Ep. 255
Summary: As an unexpected pro-labor vote in the U.K. weakened the pound and strengthened the dollar, the market reacted more to political news, abroad and at home. The uncertain results of Comey's testimony dampened concerns about the Trump Presidency. Prior to Comey's testimony someone sold a huge amount of gold, causing gold to drop, although it finally closed only down about $7, with another selloff this morning. Gold stocks, though continue to trade much better. NASDAQ got clobbered, Mea
Jun 10, 2017 • 31:25
Will Gold’s Breakout be the Pin that Pricks the Crypto Bubble? Ep. 254
Summary: Gold and gold stocks are moving to new highs as the dollar index continues its slide. Although some connect this move to market jitters over the outcome of the upcoming James Comey testimony, economic factors are a more likely the force behind the move. Moves in gold stocks have been telegraphing gold prices more often than not, and gold stocks have a plenty of room to move to even reach its highs of earlier this year. * Many of you probably expected me to do a podcast yesterday as
Jun 7, 2017 • 20:54
Weak Data Further Undermines Fed’s Credibility – Ep. 253
Summary: Today's big miss in the Nonfarm Payroll report indicates further proof for the Fed that the Q1 weak economic data was not transitory. Coupled with disappointing Labor Force Participation declines and increasing Trade Deficit numbers, the Fed will have no good news to justify a rate hike. All this news does not bode well for the U.S. dollar index, which closed at a new low for the year today. The next crisis is the dollar. * Following yesterday's much stronger than expected May ADP
Jun 3, 2017 • 30:59
Does Weak Box Office Reflect Weak Economy? – Ep. 252
Summary: Box office revenues for this holiday weekend were the weakest since 1999. Why is that? Some say the movies were not very good, but I think it's more likely that this is just another piece of evidence that supports the fact that the consumer is in much worse shape than is generally perceived. * Hopefully everybody had a happy Memorial Day weekend; I spent my holiday weekend up in Vancouver at the International Metal Writers Conference * And when I came home, I came back to my home
Jun 1, 2017 • 23:38
Fed Admits It Needs Evidence Q1 Weakness Was Transitory – Ep. 251
Summary: The Fed is now indicating it needs evidence that the Q1 weak economic data is transitory and not a trend. This is interesting for 2 reasons. The Fed's narrative has always been to tout economic growth even in the face of flimsy or no supporting data. Now the Fed is actually admitting there is weakness. The other interesting thing is that, although the Fed continues to claim it is "data dependent", it has been ignoring the economic data ever since the first rate hike. The market pu
May 27, 2017 • 25:39
The Dollar’s Decline Is Only Just Getting Started – Ep. 250
Summary: The dollar's decline really started with the Fed's too-little-too late rate hikes. The rally of 2014 - 2015 was fueled by expectations of more aggressive Fed monetary policy that did not materialize. We've been trending sideways since then with the exception of an upward spike after the Trump victory. Now, as much of the hype surrounding Trump's election is losing its momentum, support for the dollar is waning. This is not a case of "buy the rumor, sell the fact". This is going to b
May 23, 2017 • 34:03
Will Republicans Dump Trump for Pence? – Ep. 249
Summary: Republicans face chaos around Trump's political difficulties, causing some to consider potential advantages of a President Pence. Market volatility has not yet brought the DJIA below pre-Trump numbers while the dollar index slides and gold moves up. Meanwhile, household debt is higher than 2008 levels even as fewer Americans own homes. * It looks like I picked a very volatile week to go out to Las Vegas, although I didn't pick this week; the week picked me * I have two conferences
May 18, 2017 • 29:05
Fed And Markets Excuse Retail Bloodbath – Ep. 248
Summary: The retail sector is in worse shape today than it was in 2008 during and immediately following the financial crisis. Retailing has been responsible for 10% of the jobs gained during this so-called recovery. Clearly part of the problem is the increase in minimum wage. Why are retailers adding so many jobs when their business is declining? * A quick little announcement at the beginning of this podcast; I'm going to try to keep the length of these podcasts down to 20 minutes in the fut
May 13, 2017 • 24:56
Fantasy Trumps Reality – Ep. 247
Summary: Trump fantasy persists in the face of weakening economic data, health care and tax reform uncertainty. The reality is that the damage done to the economy will not right itself just because Trump has been elected and we are in for a wild ride whether or not President Trump decides to do the right thing for the American economy. * It didn't take long for the Atlanta Fed to already reduce its inflated Q2 GDP forecast * Remember, they initially came out with their first estimate of 4.3
May 11, 2017 • 42:38
Fed Dismisses Weak Data to Posture for Another Rate Hike
SchiffReport recorded Saturday, May 6 * On Wednesday of this week, the Federal Reserve against a rate hike in May * But based on their official statement, the market assigned a much higher probability * To a rate hike coming in June * In fact, following Friday's slightly better-than-expected Non-Farm Payroll report, the probability of a June rate hike is not near 100% * In other words, the markets are certain that a quart-point hike is coming next month * If the Federal Reserve does
May 7, 2017 • 35:32
Fed Forecasts – Propaganda or Incompetence? – Ep. 246
Summary: Last quarter the Atlanta Fed's Q1 GDP forecast was 3.4% in February. The most recent number was actually .7%. After all the negative economic data that came out today suggesting that Q1 could be revised lower, the Atlanta Fed came out with their forecast for Q2 GDP at 4.3%. How is this possible, with no economic data to support this projection? Either they believe their policies are still valid in the face of data on a downward trajectory, or they are simply acting as salesmen, prom
May 2, 2017 • 33:32
U.S. GDP Cools As Eurozone Inflation Heats Up – Ep. 245:
Summary: The Europeans released their inflation numbers today. Year over year, inflation in the Eurozone are increasing at an average of 1.9%, which is Mario Draghi's objective. This is a 4-year high in CPI increase. How does Draghi justify more stimulus? In the U.S. growth is lower than forecast, while inflation is higher than forecast. That trend should be disturbing and it will continue. * Today we got the government's first estimate of GDP growth for the first quarter of 2017 * If yo
Apr 29, 2017 • 38:19
Trump Tax Cuts To Starve The Beast – Ep. 244
Summary: President Trump actually delivered on his promise of the largest tax cut in American history, and he delivered it on time. Trump may have presented a plan with built-in bargaining positions, or he might even intend to pass a tax bill that will "starve the beast". The interesting thing is that the President is applying this 15% tax rate to pass-through entities, such as LLC's, which will encourage most businesses to shift into a different business model to take advantage of the low tax
Apr 27, 2017 • 34:39
Spending, Not Taxes, Measures Government’s True Burden – Ep. 243
Summary: Government spending creates the greatest drag on the U.S. economy. Cutting taxes, even the "biggest tax cut ever" cannot stimulate the economy alone. So if you're fed up with paying taxes, if you think you are over-taxed, and you are, it's because the government is spending too much money. The only real way to get relief is to dramatically cut government spending. No one want's to do that, however, because the people who benefit from government spending, vote, and none of the politi
Apr 22, 2017 • 41:22
Crowd Beginning To Exit Long Dollar Trade – Ep. 242
Summary: Goldman Sachs is no longer recommending a long trade on the dollar. The dollar was previously regarded as a conviction trade, first over speculation over Fed rate hikes and then over Trump exuberance with the expectation of tax cuts, infrastructure spending and other moves that would continue to inflate the dollar bubble. The dollar was the most crowded trade out there. I believe, however that as we get close enough to the next recession, that we are going to get another big Keynesian
Apr 19, 2017 • 32:10
Is Donald Trump The Next Jimmy Carter? – Ep. 241
Summary: Donald Trump's promises on healthcare and smaller government appear to be fading behind news of increased military spending, infrastructure spending and compromises on health care and tax reform. This scenario looks far more like Jimmy Carter than Ronald Regan. We continue to get bad economic data, telegraphing that the air is already leaking out of the economic bubbles created over the last 8 years. This bad news may encourage the Fed to walk back their current interest rate hike sche
Apr 14, 2017 • 40:08
Trump Train Ready To Derail – Ep. 240
Summary: President Trump's campaign promises are falling by the wayside one by one. First the backfire on the replacement for Obamacare, and then, just as talk of tax reform heats up, the administration seems to be gazing toward the Democrats for a bi-partisan solution to tax reform. No good can come from bi-partisanship. When the Republicans and the Democrats are working together, that's when you really have to watch your pocketbook. That's when the most damage gets done. The stock market
Apr 11, 2017 • 31:53
Trump Needs To Lead Not Oppose The Freedom Caucus – Ep. 239
Summary: President Trump needs to lead, not oppose. He is opposing the very forces who put him in office. By aligning with the mainstream Republican Party, he vacates the opportunity to lead the economy successfully through the inevitable consequences of the Obama Administration's failed economic policies. Investors are jumping on the bandwagon of hype surrounding the Trump Presidency. Abandoning safe havens and emerging markets, they are buying into the American stock market at high valuati
Mar 31, 2017 • 42:41
Over-Confident Republicans Poised For Disappointment – Ep. 238
* On Monday the market got its first opportunity to react to President Trump and the Republican Congress' failure to repeal and replace Obamacare * With something more palatable * And as a result, the market declined * At the lows, the Dow was down approximately 200 points * Although the "Buy the Dippers" came out, and by the end of the day, the Dow was UP about 150 points * But it was the 8th consecutive down day for the Dow * Which I think was a tie for the longest losing streak
Mar 29, 2017 • 30:48
Obamacare Lives To Die Of Natural Causes – Ep. 237
* Earlier I talked about the Trump honeymoon, and my belief that it wouldn't last long, in fact I thought it might have ended before the marriage began with the inauguration * It did carry on a bit after that, but it seems to me that the honeymoon is ending now * Today, the attempt to repeal and replace ObamaCare went down in flames * That's something I had predicted a while ago; I said that I doubted that they would be able to repeal Obamacare and it turns out that I was right * Th
Mar 25, 2017 • 31:17
Why A BAT Will Clobber The Dollar – Ep. 236
* U.S. stocks ended the week with marginal gains * In fact, the Dow Jones was up only about 12 points on the week * The real action happened overseas * Foreign markets were strong, particularly emerging markets * They continue to smoke the performance of the U.S. stock market, confounding the experts * The experts thought making America Great Again would be great for U.S. stocks, but it would be a problem for emerging markets * And thus far, emerging markets have been the benefici
Mar 18, 2017 • 37:39
Fed Hikes Rates To Feign Confidence – Ep. 235
* Today the Federal Reserve raised interest rates for the third time in 10 years * Of course, the tightening cycle began with the first rate hike in December of 2015 * Followed by the second rate hike in December of last year * And now, breaking from tradition, rather than waiting an entire year for the third hike * We got the hike in March * Of course the Fed had allowed market expectations to rise to 100% in anticipation of this rate hike * When the Fed raised rates for the firs
Mar 15, 2017 • 33:13
Trump Lauds Job Statistics He Once Impugned – Ep. 234
* I guess you could say a good jobs report is all in the eye of the beholder * And when it comes to President Trump's eyes, he is now beholding an excellent jobs report * Whereas a candidate, similar reports were described by Trump as phony, a hoax * I have a lot more sympathy for Candidate Trump than I do for President Trump * Now President Trump is trying to pretend that the jobs numbers that he used to be so critical of * Are now reflecting what a great job he is doing as Preside
Mar 11, 2017 • 38:34
Why TrumpCare Won’t Work, Either – Ep. 233
* It looks like the Republicans on Capitol Hill, with the blessing of Donald Trump, are trying to repeal one big healthcare program and replace it with another big government entitlement * They're calling it TrumpCare * First they were calling it ObamaCare Lght, but now they're embracing the term, "TrumpCare" * Whatever it is, it is not going to work * It's just going to be another disaster wrapped up in a different package * But before I get into explaining this, I want to talk a l
Mar 8, 2017 • 31:44
Rate Hike Odds Surge As GDP Forecasts Collapse – Ep. 232
* According to Goldman Sachs, the odds of a Fed rate hike coming up at the March meeting, which is less than 2 weeks away is now 95% * It was 90% before Yellen spoke, that was looking at the Fed Fund futures, in fact the probability of a rate hike had been rising all week based on speeches of a number of Fed officials * Everyone indicating that a rate hike was coming soon * Nobody actually said how soon * But they kept talking about why raising interest rates would be appropriate *
Mar 4, 2017 • 44:02
Trump To Make Government Greater Again – Ep. 231
* Last night, following tradition, President Trump delivered his first State of the Union Address * Although people are saying that it's not technically a true State of the Union Address * We'll have to wait another year for that; that he has been President for too short a period * So it's just an address before the Joint Session of Congress * But whatever you call it, apparently the president's address was well received * Even some of the President's critics are giving him credit,
Mar 1, 2017 • 37:39
Trump Should Be a Statesman Not A Politician – Ep. 230
* Yesterday it looked like the Dow's winning streak may have come to an end * We were up 10 days in a row, which was the biggest winning streak since 1987 * The Dow was down 50-60 points for the entire day * It opened down and it stayed down until the very last hour, it started to rally * In the last 15 minutes it managed to eke out a positive close * To extend the winning streak to 11 consecutive day * And of course, another record high for the DJIA * For those bitcoin fans out
Feb 25, 2017 • 36:55
The Iceman Goeth, Robots Cometh – Ep. 229
* The Dow finished with yet another gain today * We closed at 20,775.60 * I've been told that this is the longest consecutive winning streak for the Dow Jones since 1987 * Of course, we all remember how that streak came to a crashing end in October with the 1987 stock market crash * We'll see if the market has better luck this time around * We got the FOMC minutes released earlier today * I think they were interpreted as being hawkish; remember, this is all on a relative scale, th
Feb 23, 2017 • 34:42
Inflation Finally Rears Its Head – Ep. 228
* We had a very significant day in the currency and gold markets yesterday * We had some good follow through today that really buttresses the point that I want to make * We got some economic news that was released yesterday that would have been considered bullish for the dollar and bearish for gold * By most people, other than me, who trade currencies and who trade gold * But the fact that gold did not sell off or the dollar did not rally was very significant * The news was the CPI
Feb 17, 2017 • 29:43
When Yellen Talks Why Do People Still Listen? – Ep. 227
* Today Janet Yellen was up on Capitol Hill, it was the first of her 2-day testimony * She was before the U.S. Senate today; tomorrow she will be testifying before the House of Representatives * She talks about monetary policy; we have a bunch of Senators and Congressmen who engage in political grandstanding * To me, a lot of the people asking Janet Yellen questions are really just trying to speak for sound bites for the media, trying to score brownie points for their constituents *
Feb 15, 2017 • 32:58
Trade Deficits Make America Poorer Not Richer – Ep.226
* I will be in Orlando tomorrow for the Money Show * I will be there Wednesday and Thursday returning Friday * I have several speaking events, a couple of workshops * If you're in the Orlando area, come by, it's free to register online * You can pick up your badge on site * We'll have a booth in the exhibit all, you can come by and meet some EuroPac employees * We look forward to seeing clients and listeners * Last week I spoke about President Trump and his weak dollar policy
Feb 8, 2017 • 32:00
Rising Unemployment Is Just The Excuse The Fed’s Been Waiting For
* Yesterday we got the first jobs report of the year and the way Wall Street and the media seem to be spinning it: * "It was a good report!" * It was good news because the headline number beat expectations: * We created 227,000 jobs in January vs the 175,000 that had been expected * Of course it was an improvement on the 157,000 jobs which was a disappointing report in December * But once again, if you look beneath the headline number, you'll find that there are a lot more problems
Feb 4, 2017 • 34:41
U. S. Dollar Has Worst January In 30 Years! – Ep. 225
* The month of January came to an end, and it didn't play out the way most people believed it would * Remember when the year began, everybody was optimistic on the U.S. dollar * Remember I said that it was the most crowded trade * It was just like gold the year before * Everybody was convinced that now that Trump was President we were going to have all this fiscal stimulus * The Fed was going to be tightening rates more aggressively * The dollar had no place else to go but up; *
Feb 2, 2017 • 28:36
America Will Lose Any Trade War – Ep. 224
* Earlier this morning we got the first look at Q4 GDP * As I suggested on the last podcast, in fact as I have been saying all along * We did see a sharp decline from the Q3 3.5% GDP * The consensus was for a 2.2% estimate for growth in Q4 * And we came in at 1.9% * Quite a way below estimates and psychologically below the 2% number * Part of the reason was a big drop in exports * I talked about this last quarter * One of the reasons we got that 3.5% jump in Q3 GDP * Was the
Jan 28, 2017 • 35:48
Will Trump Change the Game Or The Players? – Ep. 222
* Short and not-so-sweet. Maybe that's how you would describe President Trump's inaugural speech * Which, I think was the briefest since Jimmy Carter * But now, Donald J. Trump is the 45th President of these United States * I did in general like his speech; I agree with much of what Donald Trump had to say * Talking about how bad things are in the U.S. economy * Yes, there were some people who benefited * People in Washington certainly benefited, certainly Washington has been boo
Jan 21, 2017 • 30:40
Trump Honeymoon Ends Before Marriage Begins – Ep. 221
* As I said on a prior podcast, this could be the first Presidential Honeymoon to end before the marriage officially begins * Donald Trump will not be sworn in until Friday * Yet the Honeymoon already appears to be over for the Trump Trade * The dollar continues to decline again today; gold continues to rise * Confounding the experts who, at the beginning of the year, predicted the opposite * Gold up again today about $14 it was up $4-5 yesterday, on the Martin Luther King holiday
Jan 18, 2017 • 29:24
Government Can’t Do Anything Right – Ep. 220
* It's Friday the 13th and it is a Friday before a 3-day holiday weekend * Monday, of course is Martin Luther King Day * The stock market will be closed in observance of the holiday * Once again, I guess Friday the 13th was bad luck for those hoping for Dow 20,000 * In fact, the Dow finished the day Down, it was a slight decline for the Dow * But not so for gold; gold was up again * The Dollar was actually down again * In fact, this year is already shaping up to be a mirror imag
Jan 14, 2017 • 36:10
Will Trump Follow Obama In His Failure To Deliver? – Ep. 219
* The NFIB Index of Small Business Optimism in the month of December, so this is post the election of Donald Trump * Shot up from 98.4 in November to 105.8 * This is the highest level in 12 years - since before Obama was President * And it's the biggest monthly jump in 37 years * You have to go all the way back to 1980, the election of Ronald Regan to find a moment in time where you saw this big an increase in optimism, in confidence among small business owners * Remember, it was Mi
Jan 11, 2017 • 37:25
Obama Hands Trump Huge Bubble – Ep. 218
* Yesterday we got the final jobs report of the Obama era, * We got the December Non-Farm Payroll. * Now technically, when we get the January number, the first Friday of February, * Half of that would have been during the Obama presidency, * But because we won't get the official news until the Trump presidency, * I'm sure that Donald Trump is going to take the credit, or maybe have to deal with the blame, * Depending on how that number ends up being received, whether it beats the
Jan 7, 2017 • 38:29
Bitcoin Again Approaches Parity with Gold – Ep. 217
* This is another big week for economic data; it is a holiday-shortened week * On Friday we get the big Non-Farm Payroll report * If it's a good number, somehow Donald Trump will try to take credit for it, as he has for the rise in the stock market * But I think that the job numbers, while maybe not bad just yet, but I think we will have a lot of problems with the non-farm payroll numbers in 2017 as the air starts coming 0ut of the part-time job bubble while Trump is in office * But
Jan 5, 2017 • 25:11
Hollywood Minimum Wage Hypocrisy – Ep. 216
* The Dow 20,000 party is going to have to wait until 2017 * Although I wouldn't necessarily buy a ticket for January * The selloff that started this week may resume in the first week of the new year * The dow rang out the old year with a 57-point loss to cap a losing week * Probably the first down week since the Trump victory * The Dow now at 19,762 - the close on the Dow for the year * Most people think it's just a matter of time; we can easily rally early on in the new year
Dec 31, 2016 • 41:15
Ep. 215: Irrational Exuberance Trumps All
* The Dow 20,000 party is going to have to wait - at least for another day * The Dow was down a little bit today - 23 to 19,918 * The broader market was a bit weaker than the Dow * The markets continue to shrug off very weak economic news that came out throughout the day * We got bombarded with all sorts of negative pieces of news that ordinarily, maybe before the election of Donald Trump, would have weighed down the market * Certainly it would have weighed on the currency markets
Dec 23, 2016 • 30:38
Fed Fakes Confidence With Another Dec. Quarter Point Rate Hike
* On Wednesday, the Federal Reserve did exactly what they did last year * They waited until the last possible meeting to nudge the Federal Funds rate by 1/4 of 1% * So now, after 2 years of tightening, the lower bound of the Fed's range has gone from zero to 1/2 of 1% * Now Janet Yellen said the Fed made this decision to lift rates because of its confidence in the U.S economy * That is complete nonsense * If the Fed were confident in the U.S economy, rates would be much higher than
Dec 16, 2016 • 37:04
A Candidate’s Bubble Is a President-Elect’s Bull Market – Ep. 214
* It's been a while since my last podcast and I've gotten quite a few emails from people wondering what happened to me * I was out of the country for about a week, and I did manage to get one podcast off from my hotel room * But when I got back, I was backed up with work, and by the time I caught up, I came down with a case of laryngitis, which has still not completely gone away * I want to start off by talking about the stock market * The Dow hit a new record high today; inter-day we
Dec 13, 2016 • 33:56
QE4 Is Going To Be Huge – Ep. 213
* The Trump fantasy rally continued today, of course the big irony here is that all of the stock traders who were so worried about a Donald Trump presidency * Now, he's Ronald Regan re-incarnated * They're partying like it's 1983 - when Regan first stepped in the market had a very difficult couple of years * We went through a recession before we got that Regan Rally - we're going to skip all that * It's amazing that people believe you can have reckless monetary policy for 8 years *
Dec 1, 2016 • 31:21
Trumped Up Irrational Exuberance Continues – Ep. 212
* The Dow Jones is in record territory, closing above 19,000; they're already starting to talk Dow 20,000 now * The markets are euphoric * All the traders who were so convinced that President Trump would be a disaster for the stock market, now think it's a boom for the stock market * It shows you how fickle investors are, but also how quickly the narrative can flip * Personally, I don't think it has anything to do with the fundamentals * I think traders are trying to push the mark
Nov 24, 2016 • 40:35
Yellen’s Remarks Cause Markets To Anticipate The Impossible – Ep. 211
* The stock market continues to ride the Trump wave to new highs, in fact the Russell 2000 hit an all-time record high today * The enthusiasm for stocks not being dampened by the carnage in the bond market * We now have the yield on the 10-year treasury up at around almost 2.3 * And the yield on the 30-year now, just below 3% - 2.99 * Yields are still low, but nowhere near as low as they were * And of course, nowhere near as low as they're headed * It's not just the fact that bond
Nov 18, 2016 • 22:55
Fiscal Stimulus Impossible Without Monetary Stimulus To Finance It – Ep. 210
* What a difference a day makes * Between Tuesday evening, when the markets first began to realize that Donald Trump was going to win the election and the predictions of collapsing stocks and soaring gold prices appear to be taking hold * Because at one point the Dow was down about 800 points and gold was up about $60 * All of a sudden, the sentiment started to shift and by the time the U.S. markets had opened for trading * Gold had lost its rally, the stock market had recovered its l
Nov 12, 2016 • 45:20
Making America Great Again Will Be Much Harder Than Voters Think – SchiffReport
* It is Wednesday, November 9, 2016, one day following one of the biggest political upsets in U.S. political history * As Donald Trump shocked everybody by defeating Hillary Clinton * Hillary Clinton was supposedly the most qualified person ever to seek the U.S. Presidency, and Donald Trump had no experience whatsoever * And the establishment had already sworn in Hillary Clinton; it was pretty much a foregone conclusion that she was going to win * I think she was almost a 10:1 favorit
Nov 10, 2016 • 28:37
Will A Trump Win Rain On Stock Market’s Clinton Victory Parade? – Ep. 209
* It's not going to be a new record as far as the consecutive days of declines for the U.S stock market * The 9-day losing streak ended today in a huge pre-relief Clinton victory rally * The markets had been factoring in a higher probability of a Donald Trump victory ever since the FBI announced that they were re-opening the email investigation * Thanks to a treasure trove of 650,000 emails on Anthony Wiener's (a.k.a. Carlos Danger) laptop computer * Apparently they have now gone thro
Nov 8, 2016 • 30:03
Stocks Slide As Jobs Report Keeps Rate Hike Possibility Alive – Ep. 208
* Today U.S. stocks extended their losing streak to 9 consecutive days * We haven't had a losing streak this long since 1980 - that was 36 years ago * 8 consecutive down days last took place in the financial crisis year of 2008, so we had tied that yesterday * Now we one-bettered it and we're back to the longest streak since 1980 * The record for consecutive down days is 12 * The last time that happened was in 1966 * And if you don't know what the significance was of 1966 - that w
Nov 4, 2016 • 27:18
Is Nov. Trump Victory More Likely Than Dec Rate Hike? – Ep. 207
* Today the possibility of a Fed rate hike in December rose about 10 points * We're now at about an 80% probability, at least the way the markets assess the odds * That the Fed will raise rates in December after failing to raise rates today * If you remember, after they didn't raise rates last time there was some probability of a November rate hike * But by this morning, the probability of November had pretty much been reduced to about zero * With everybody believing that the Fed wo
Nov 3, 2016 • 29:40
Was Q3 GDP Rigged Just In Time For The Election? Ep. 206
* Yesterday we finally got the release of the initial estimate for Q4 GDP * The Atlanta Fed had originally come out with an estimate of about 3.8 and had steadily reduced their estimate * They got down as low as 1.9 before ratcheting it up a couple of times and their estimate was at 2.1 when we got the official release * And the number came out at 2.9; not only much higher than Atlanta Fed's estimate, but much higher than the consensus forecast at 2.5 * I am very suspicious of this nu
Oct 29, 2016 • 36:05
Markets Ignore Fed’s Bullard One And Done Admission – Ep. 205
* The odds of a December rate hike continue to ratchet up above 70% * We had a parade of Fed officials, most recently again today coming out and talking about why a December rate hike is a good idea, probable, possible, appropriate * You name the adjective, some Federal Reserve president, governor is discussing it * The markets are ratcheting up their expecations * The dollar index continues to move higher, we hit about a 9-month high today * We got above 99; but we didn't close th
Oct 25, 2016 • 47:01
Pace Of Consumer Price Increases Set To Accelerate – Ep. 204
* The official probability of a December rate hike continues to diminish over the last several days * The markets had the rate hike at about a 70% probability; now we're down to about 60% * Personally, I think the odds are closer to zero, and over time, as we get closer and closer to that December meeting, the odds will steadily move down * Just like the Atlanta Fed keeps moving down its estimates for Q3 GDP; most recently down to 1.9% * I expect the Atlanta Fed to move lower again th
Oct 19, 2016 • 47:01
Media Trumps Up Obama To Help Clinton – Ep. 203
* It's another week where the dollar remained relatively firmly bid; the dollar index closing just above 98 * Gold prices seem to have a lid on them; they closed down today about $7 * Gold's not really going down, but it's not really going up, either * What are going up are bond yields, long-term bond yields are rising today to about a 4-month high * 30-year Treasury yield to about 2.5% * The 10-year just below 1.8 * This despite the fact that the economic news, during the week, o
Oct 15, 2016 • 40:05
Putting The Trump Controversy Into Perspective – Ep.202
* The most highly anticipated presidential debate in history is over and to me, the anticipation was more like a highly-promoted professional boxing match * Right away, as soon as the debate was over, CNN comes out with its poll, showing Clinton badly beating Donald Trump * And I thought that, if this were like a prize fight, the ref's would have stopped the fight in the first 20 minutes * That's how badly Donald Trump beat Hillary Clinton in this debate * And then you see this poll c
Oct 10, 2016 • 48:55
September Jobs Report Even Weaker Than It Appears – Ep. 201
* This morning the government released the most important, the most highly-anticipated economic release of the month * At least that's what everybody who trades in just about any market believes * And that is the Non-Farm Payroll Report; the official scorecard on job creation and unemployment * This time it was for the month of September, the final month of Q3 * We're still waiting for the GDP estimate for Q3 * By the way the Atlanta Fed, which continues to do the interest rate limb
Oct 8, 2016 • 32:29
Trumped Up Rate Hikes – Ep. 200
* This is my 200th podcast and I looked back to the date of the first one and it was just over 2 years ago, September 2014 * I began this podcast shortly after I ended the Peter Schiff Radio Show * I hope everybody is enjoying these podcasts and if you like what you're listening to, help turn on other people to the same information * Statements early this morning by Richmond Fed President Jeffrey Lacker certainly sent tremors through the precious metals markets * Gold tumbled over $4
Oct 5, 2016 • 35:17
Fed Bigger Threat To Depositors Than Wells Fargo – Ep. 199
* It looks like the U.S. stock market is going to close out the 3rd quarter on a positive note * The catalyst for the rally today is the big rally in Deutsche Bank; shares are up better than 14% * They were in danger of going below $10 yesterday * There were nervous about maintaining accounts with Deutsche Bank * People were re-living memories of Lehman Brothers all over again * I think the Obama Administration was beginning to get concerned * The Dow was off about 200 points on t
Sep 30, 2016 • 31:51
The Debate We Should Have Seen – Ep. 198
* I'm going to use today's podcast to offer my take on last night's Presidential Debates * Which certainly did not live up to all of the hype and expectation * But the airwaves today are filled with opinion makers proclaiming that Trump won or Hillary won * And of course, all of the people who think Trump won, these are the Trump supporters, Republicans - their guy won * And Hillary supporters are proclaiming that Hillary won * I'm going to give you a different take because, clearly
Sep 27, 2016 • 34:44
No Alien Invasion And No Rate Hike – Ep. 197
* Aliens didn't invade the Earth, and the Federal Reserve didn't raise interest rates * If you remember, I was pegging the probability of each at roughly the same * True to form, the Federal Reserve did pretty much exactly what I thought they were going to do and not raise interest rates * Now I thought they might have tried to lower expectations for the probability in the markets of a December rate hike * Even though they didn't say that, that was the effect of their announcement *
Sep 21, 2016 • 27:12
Damned If They Do And Damned If They Don’t – Ep. 196
* This morning the Federal Open Market Committee began its 2-day meeting, where they're supposedly going to discuss raising interest rates for the second time * We're going to get the official announcement of their decision on Wednesday * Most likely there will be no surprise, that they won't raise interest rates * But it will be the statement at the press conference that follows; that's typically where you can get more market-moving insights * I said they're supposedly going to be di
Sep 21, 2016 • 38:33
Hedge Fund Billionaires Finally Calling Out The Fed – Ep. 195
* We got a lot of economic data released today, most of it bad, and most of it worse than expected * What I did not expect was that the market shrugged it off * Initially, there was a little reaction; gold jumped $3 but it never gained momentum and it rolled over to -$10 at the time of this recording * The dollar index, which had moved into negative territory immediately following the release, quickly recovered back to positive territory * It's still early in the day, as I'm recording
Sep 15, 2016 • 27:56
Fed Cavalry Charges To Market’s Rescue Ep. 194
* Today was a day of damage control for the Federal Reserve * It almost seems like whenever they discuss the possibility of a rate hike, they're really launching a trial balloon * They want to gauge the possibility of a rate hike and then if the market kind of shrugs it off, or blesses the rate hike the way it did last year nearing December, if the market seems it's OK with a rate hike, then maybe they'd consider actually implementing one * But before they do it, they want to test the w
Sep 13, 2016 • 26:02
Markets Rattled by Rate Hike Possibility – Ep. 193
* We had widespread selling in the markets today; it was real carnage across the board * Everything went down except the U.S. dollar * The Dow Jones was down 394 points - about 2% * That wasn't bad compared to what happened in other indices and other sectors * In fact, when it comes to the Dow Jones averages, the utilities were the weakest, they were down 3.7% * The NASDAQ was down 2-1/2%; the composite down 133 points * Various sectors were hit very hard; particularly the intere
Sep 10, 2016 • 33:02
Data Dependent Fed Ignores Bad Data – Ep. 192
* Last week on Thursday we got that much weaker than expected ISM Manufacturing number, which didn't get a lot of attention because it came out a day before the jobs number which cast a pretty big shadow on all the economic data * The number came in very weak, as I pointed out, it was 49.4, which is contraction mode * Anything below 50 in the ISM numbers indicates a contraction and a recession * But of course, no one cares about manufacturing because it is such a small part of the U.S.
Sep 7, 2016 • 38:43
It’s Not Bad News Until The Fed Says It’s Bad – Ep. 191
* On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever * Because it was going to determine whether the Federal Reserve would raise interest rates at its September meeting * Of course, I didn't think the Fed would raise interest rates in September regardless of what this jobs number was * It's just that so many people were convinced that it was going to happen just because several Fed officials said it was possiblePrivacy & Opt-Out: ht
Sep 3, 2016 • 31:56
It’s Not Bad News Until The Fed Says It’s Bad – Ep. 191
* On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever * Because it was going to determine whether the Federal Reserve would raise interest rates at its September meeting * Of course, I didn't think the Fed would raise interest rates in September regardless of what this jobs number was * It's just that so many people were convinced that it was going to happen just because several Fed officials said it was possiblePrivacy & Opt-Out: ht
Sep 3, 2016 • 31:56
The Fed Up Fix Is In – Ep. 190
* The price of gold continues to retreat * Gold was down about $12 today; it closed around $1310 * The dollar index up again as more and more people begin to contemplate the possibility of a rate hike in either September or December * Or maybe even both, because the odds of a rate hike, either in September or December have now increased to about even money * If you go back to June, the odds were practically zero * What has changed in the last couple of months? * The only thing tha
Aug 31, 2016 • 44:25
Yellen Basically Admits The U.S. Is A Banana Republic – Ep.189
* Earlier today Janet Yellen delivered her much-anticipated and way over-hyped speech at the annual Jackson Hole Symposium * It wasn't as irrelevant as I thought it was going to be, but the actual relevant part of the speech was lost on just about everybody * Instead they keep focusing on whether or not the Fed is going to raise rates by another .25 in September or December or maybe both * In reality, whether they do or do not is irrelevant, given the nature of where we are and where th
Aug 27, 2016 • 34:07
When Janet Yellen Talks, Why Do People Still Listen? – Ep. 188
* The price of gold fell about $12/oz today; silver prices were down another .28 * Both metals have been falling since recent new yearly highs * Gold, though is not very much below the highs * The real carnage has been in the mining stocks, particularly today; today was one of the biggest down days I've seen all year * The GDX index was down just over 7% * Some of the mining stocks were down 10% or more on a very small move in the price of gold and silver * In fact, we've wiped ou
Aug 25, 2016 • 29:38
Fed Advocates Higher Inflation And Larger Deficits! – Ep. 187
* The dollar was broadly weaker today with the dollar index closing down .85 to 94.78 * At that time gold was up about $18; sliver up about .25 * Then all of a sudden New York Fed Chairman William Dudley in an interview on Fox Business basically said that a September rate hike was still possible * Look, a September alien invasion is still possible, but I'm not going to waste my time preparing for it * What's amazing to me is how all of the villagers still come running every time a Fed
Aug 17, 2016 • 34:43
Kill The Estate Tax To Save Jobs – Ep. 186
* Today we got the official numbers for Q2 Non-Farm Productivity and the consensus was that it would increase for the first time in 3 quarters; the prior 2 quarters we saw a decline in productivity * So analysts were looking for a .5 increase in the second quarter * Instead, we got a decline of .5 * More importantly, this is the first 3-quarter consecutive decline in productivity since 1979 * That was the Carter years - stagflation, the misery index, sky-high inflation, sky-high inter
Aug 10, 2016 • 28:23
“Strong” Jobs Report More Politics Than Economics – Ep. 185
* What a difference a week makes, or maybe and economic report * The two big reports that everybody seems to focus on are the GDP numbers and the jobs numbers * It seems that the weaker the economy is, as measured by GDP, the more jobs, somehow, the economy seems to create * We got the jobs report for July and just a week earlier we got Q2 GDP * As I spoke about on the last podcast, that number was basically half of what Wall Street had been anticipating - less than half * They were
Aug 6, 2016 • 37:45
Will The Fed Sacrifice The Recovery Myth To Save The Markets? – Ep.184
* The carnage in global stock and bond markets continues; it really got started last night in Japan * The JGB (Japanese Government Bonds) dropped for the 3rd consecutive day * The biggest 3-day drop in bond prices in Japan in over 3 years, so yields surging, along with the Japanese yen * Of course, this is not supposed to be happening because they're doing more stimulus and they've got negative interest rates, yet the Japanese yen is appreciating anyway * The Reserve Bank of Australia
Aug 3, 2016 • 32:11
FOMC Upstaged By DNC – Ep. 183
* Today the Federal Reserve concluded its 2-day FOMC meeting and it announced - surprise, surprise - that interest rates are not going up * But of course the statement was much more important than their actions because these days, it doesn't matter what the Fed does; all that matters is what they say they're going to do, or more accurately, what they will pretend to do * It really doesn't matter what they say, they're not going to do anything * I explained that on my last podcast; I ex
Jul 28, 2016 • 29:29
Playing The Trump Card – Ep. 182
* It's official. The unthinkable, according to the status quo earlier in the campaign, Donald Trump is the Republican Nominee * Although many wrote him off as a candidate, I never did; I always said he was being underestimated * I believed his message would resonate given how horrible the economy actually is and what is really happening beneath the headlines * Everybody was proclaiming recovery and that we're on the right track and I knew that that wasn't the case * I knew there woul
Jul 23, 2016 • 42:46
One Quarter-Point Rate Hike Does Not Make Me Wrong – Ep. 181
* I was in Las Vegas for the Freedom Fest and following that I went to Vancouver for a one-day gold conference * One of the things I wanted to discuss was some discussion about me on the www.kitco.com website and I think it was prompted by my itnterview with kitco, which you can see on my YouTube Channel * Whenever there is a discussion about me an argument develops between those who want to believe I never get anything right and those with believe I get a lot of things right * I thought on
Jul 20, 2016 • 37:50
SchiffGold Joint Venture With GoldMoney
* I'm sitting with Josh Crumb, the co-founder of a company that was originally called BitGold but following the acquisition of James Turk's GoldMoney they rebranded their company as GoldMoney * I agree with that decision because I think GoldMoney is more descriptive of what they are really doing with gold, than is BitGold * But the reason we're sitting here today is because I was so impressed with their company after having lengthy conversations with the other co-founder, Roy Sebag, that I r
Jul 9, 2016 • 59:19
Market Reaction To Jobs Report Confirms My Hypothesis – Ep. 180
* Today we got the Non-Farm Payroll report for the month of June * Remember the last 2 reports were quite weak and everybody was hoping for a rebound in June to prove that April and May were a fluke and not a new trend * In fact the Fed talked about that in their last FOMC meeting minutes * The consensus was for 180,000 jobs to be created and the range went from a low of 130,000 to as high as 235,000 * The consensus average of that range was 180,000 * The actual number came in at 287,000,
Jul 9, 2016 • 24:40
Fed Minutes Reveal The Easing Cycle Has Already Begun – Ep. 179
* Gold and silver prices continue to march higher * Gold was up another $7 today; it closed at $1363.20 - that is the high for the year * Silver was up .15 at $20.06 * Silver is now going up relative to the price of gold which is very for the precious metals complex * Gold stocks are on fire; the XAU index, a gold stock index was up 3.27% today * It's now up better than 135% on the year and well over 150% from the lows on the third week in January * But do you think that any major player
Jul 7, 2016 • 32:58
Why Buy Bonds When You Can Buy Gold? – Ep. 178
* I wish everybody a happy July 4th weekend; U.S. markets will be closed * It's unfortunate that we can't really celebrate all the traditions that we're supposed to be honoring were lost generations ago * The values our founding fathers risked their lives for have all been lost * I wanted to comment on what is going on in the markets particularly today * Today was the capper on the week * You had silver prices up about a dollar an ounce * Gold closed up about $19, so gold closed above $1
Jul 1, 2016 • 26:26
If The Markets Were Healthy Brexit Would Be A Non- Event – Ep.177
* It was Turnaround Tuesday in the global financial markets as stocks are recovering from 2 days of carnage following the surprise Brexit vote in the U.K. * The Dow was up almost 270 points today, NASDAQ up about 97 * But really the markets got beaten up the last couple days * The smallest bounce was from the banks, which have been beaten up the most * So they had the biggest drop and the smallest bounce * Which really shows you how weak that sector is * It couldn't even manage much of a
Jun 29, 2016 • 33:54
Brexit Is Not The Reason; It’s The Catalyst – Ep. 176
* The British actually voted to leave the EU and it wasn't even that close * I think by midnight last night EDT it was obvious that Leave was going to beat Remain * I think it ended up 52% voting to Brexit and 48% voting to remain * Of course, the markets were taken by surprise, in fact, we had a rally in to the close on Thursday as everybody was so confident that the polls would be right, and the online casinos would be right and that it was pretty much a sure thing that the British would
Jun 25, 2016 • 30:35
Janet Yellen Doesn’t Know Murphy’s Law – Ep.175
* I'm on vacation this week but I did take a little time out to little time out to listen to Janet Yellen's semi-annual "Humphrey-Hawkins" testimony - she testified first before the Senate, that was yesterday and today she was before the house * It used to be a lot more interesting with Ron Paul was on the house banking committee and you could see Ron Paul asking questions to Ben Bernanke * I really would like to hear Rand Paul questioning Janet Yellen but unfortunately, we don't have that o
Jun 23, 2016 • 22:37
Alien Invasion More Likely Than July Rate Hike – Ep.174
* Gold closed the week at the highest weekly close since January of 2015 * Not quite above the $1300 benchmark - I think we closed about $1298 - up about $20 on the day * Intra-day yesterday, gold was well above $1300 * Until there was news that a British Member of Parliament was shot and that somehow revised hope for the "stay" vote in the Brexit referendum * As if the price of gold is going up based on the outcome of that vote * As far as I'm concerned next week's vote is a non-event fo
Jun 17, 2016 • 31:50
Brexit Not The Reason Fed Won’t Hike In June – Ep. 173
* This is the week of the June FOMC meeting, although it's really going to be a dud * For a while there was speculation that the Fed was going to pull the trigger and increase interest rates for the second in almost 10 years - for the first time this year * I don't know if anybody expects the Fed to raise rates on Wednesday - it's a 2 day meeting, it gets started tomorrow and we get the announcement on Wednesday afternoon * Brexit was one of the things they were concerned about * Now the p
Jun 14, 2016 • 35:53
Government Schools Dumb Down The Electorate – Ep.172
* Janet Yellen spoke yesterday and this was the first time she spoke following the release of the much weaker than expected Non-Farm Payroll report that we got on Friday * Not only was the month of May much weaker than expected but they revised down the prior month which was already weaker than expected and now it is even more weak * This is the first time the Fed had a chance to react, remember Janet Yellen and all her cohorts at the Fed had been talking about how the economy is getting bet
Jun 8, 2016 • 39:26
May Jobs Report Takes June Rate Hike Off The Table – SchiffReport
* It was a few weeks ago, following the release of the FOMC meetings, in which the various governors appeared quite hawkish in their tone * They were talking about the resurgent U.S. economy, the strengthening labor market and that they thought it would be appropriate to raise interest rates in June * As a result of that, the markets reacted, the dollar had a big rise, gold dropped * Gold had risen to almost $1300 when everybody thought the Fed wasn't going to raise rates * Now as soon as
Jun 4, 2016 • 28:07
Yellen Loves Economics; Too Bad She Doesn’t Understand It – Ep. 171
* Well the tone and tenor of the discourse of the various market pundits and Wall Street economists seems to be that this recovery is on track * I guess there were some doubts about the recovery until the Federal Reserve laid all those doubts to rest based on the confidence with which they discussed the likelihood that the Fed would raise interest rates in June or July * The confidence persists despite the drumbeat of consistently weaker than expected numbers * Once in a while, we're gettin
Jun 1, 2016 • 24:43
Stock Market Bulls Charge Again On “Rate Hikes Don’t Matter” – Ep. 170
* It really is amazing how short memories are on Wall Street * This seems exactly like December when everybody was convinced that a rate hike wouldn't matter because the economy was improving and the market can handle higher rates * And the stock market rallied right up until the Fed actually raised rates, and then it rallied a little bit, and then it rolled over and we had the worst decline to begin a year in the history of the stock market * Well flash forward to the Fed now saying that t
May 25, 2016 • 28:19
Fed Cries Wolf, Traders Come Running – Ep. 169
* I wanted to record a short podcast today just to discuss the FOMC (Federal Open Market Committee) minutes that were released at 2:00pm this afternoon ET, which reflect the views of the Fed when they had their April meeting, some 6 weeks ago, when the Fed decided not to raise rates * As a result of the release of these minutes, everybody has now jumped to the conclusion that a June rate hike is not only on the table, but basically a done deal * I heard people talking about it on CNBC, "The
May 18, 2016 • 20:30
Goodbye Fed Credibility, Hello Stagflation – Ep. 168
* Another volatile day in the stock market sees the major averages deep in the red * The Dow was down just over 1%; down 180 points, 17,529 * The NASDAQ actually got walloped a little more; down just shy of 60 points, 1.25% * I think the catalyst for today's declines was a couple of Fed officials talking about how June is a live meeting - live from the perspective of, "We might raise interest rates" * I don't think it's live at all, I think it's dead, and if it were alive, the stock market
May 17, 2016 • 29:32
How Much More Bad News Can The Markets Withstand? – Ep. 167
* The markets continue, really, to ignore all of the overwhelming bad news * Bad news on the economy, bad news on the corporate earnings front, retail sales - you name it, the news is bad * But the markets seem to shrug it off * All the markets - the equity markets, the foreign exchange markets, bond markets, the gold and silver markets * Sure, there is usually a knee-jerk reaction - you get some bad news, the gold spikes up, the dollar dumps, but then it recovers what it lost and gold sur
May 13, 2016 • 26:53
Politics Trumps Truth – Ep. 166
* Today I really want to talk more about Donald Trump, in particular, the firestorm that I think I lit with respect to Trump comments with respect to defaulting on the National Debt * Now I really believe that I am the first guy to have picked up on that because, when he originally talked about that on CNBC, and Becky Quick said, "Wait a minute, are you talking about compromising our credit rating?" * That's when Donald Trump said, "No, no, no, I'm not talking about defaulting I'm talking a
May 10, 2016 • 26:24
Ep. 165: Markets In Denial About Jobs As Trump Lets Truth Slip About Debt
* Today we got the government's Non-Farm Payroll report, otherwise known as the Jobs Report, for the month of April and pretty much all the mainstream Wall Street guys were looking for another strong report * In fact, earlier in the week Goldman Sachs was out saying that the 200,000 consensus estimate was too low! * The optimism was unfazed by the much weaker than expected ADP report I spoke about on my last podcast on Wednesday, which came in much lighter than expected * So, people didn't
May 7, 2016 • 31:45
It’s Government Not Technology That Lowers Living Standards – Ep.164
* And then there was one; Donald Trump is now the presumptive Republican Presidential nominee for 2016 * I remember when this Republican Primary started and the field was very wide * They had to split the debates up between the main event and the under card because there were so many candidates * Nobody in the mainstream really gave Donald Trump a shot * Even though I wasn't supporting, Trump - I was supporting Rand Paul and more recently Ted Cruz as the candidates who were ideologically c
May 5, 2016 • 32:51
Dollar Dives, Gold Thrives, Puerto Rico Defaults – Ep. 163
* Gold finally traded about $1300 this morning; it was the first time since January of 2015 that the price of gold traded above $1300 * But by the time the U.S. Stock market opened, the price of gold started to sell off, and it couldn't hold $1300, in fact, it ended negative on the day - we closed about $1291 * When gold failed to hold $1300, there was a lot of selling in gold stocks; in fact gold stocks were way up in the pre-market, up from 2-7% * Some of them opened with new 52-week high
May 3, 2016 • 31:02
Gold and Currency Markets Expose U.S. Recovery Myth – SchiffReport
* Friday April 29, 2016 was the final trading day for the month of April and I think this will turn out to be a pivotal month for the month of April and I will talk more about that later in this report * I wanted start by talking about the Federal Reserve's decision on Wednesday not to raise interest rates * Few people really believed they would, but earlier in the year it was widely believed that by April the Fed would have raised interest rates at least one more time, given the fact that t
Apr 30, 2016 • 31:00
It’s Crunch Time For The Fed As Stagflation Looms – Ep. 162
* Earlier today the Federal Reserve Open Market Committee, (FOMC) began their 2-day meeting * It concludes tomorrow and at 2:00 they will announce their decision on interest rates * Nobody is anxiously awaiting that announcement * Although there were plenty of fools a few months ago who actually believed the Federal Reserve would be raising interest rates, in fact they thought they were going to raise them in March and then, when they didn't there were a lot of people who still thought they
Apr 26, 2016 • 30:52
Let’s Go Crazy – Episode 161
* I recorded my last podcast on the afternoon of April 19, and I wanted to announce that later that evening, my first daughter was born - we named her Lilyan Ruth after both of our maternal grandmothers - so we now have Lilyan Ruth Schiff, she was 7 lbs 2 oz. of pure cuteness! * If you just looked at the close of the gold and silver market, you wouldn't know that much went on, gold closed up under $5 - silver was up about .04, but you wouldn't know that earlier in the morning gold was up bett
Apr 21, 2016 • 28:02
Silver Shines as Goldman Sachs Dims – Ep. 160
* Hi-Ho Silver! Seems to be the rallying cry for the day * The last podcast I recorded I talked about the breakout in silver and I actually regretted the fact that I didn't get a chance to talk about silver during my CNBC interview * On my last podcast I mentioned how strong silver had been looking and it held up extremely well in the gold selloff during the prior few days * Sure enough, we had a big breakout again today * Silver was above $17 earlier today, the first time it has been that
Apr 19, 2016 • 21:06
Does The Silver Market See What The Atlanta Fed Missed? – Ep. 159
* This is another week of bad economic data that most people have ignored * The stock market was up this week; the Dow closed up 1.8% on the year * I don't know if the Dow was rising in spite the bad news or because of it * The bad news means the economy is weak and corporate earnings are not there, and there are high multiples * But of course, if the economy is weak, that takes the Fed out of the rate hiking game and I think puts it into the rate cutting - QE4 game * So the market is cau
Apr 15, 2016 • 28:03
Obama and Yellen Recovery Narrative Unraveling Fast – Ep. 158
* The dollar index traded below 94 for a good part of the day, but it did manage to close up at 94 even, down just .20 * Gold was up another $19 * Silver really shined brightly today, up .54, just below $16/oz. * Mining stocks, of course, were on fire; GDX was up just under 6% on the day, GDXJ up just under 7% * This followed a spectacular day for the mining stocks on Friday * In fact, even though gold itself was down a couple of bucks, we had a huge up day in the gold stocks * Between
Apr 11, 2016 • 24:22
Trump’s Very Massive Recession May Have Already Begun – Ep. 157
* Today is the Wisconsin Primary but Donald Trump has been getting a lot of flack in the media over the last couple of days about his comments about the U.S. economy, particularly in the financial media because Donald Trump has now predicted a "very massive recession" in the U.S. * He didn't just say a recession, he's predicting a massive recession * Most of the pundits on television don't see any recession at all - not even a mild one * So here you have Donald Trump saying, not only is the
Apr 5, 2016 • 32:55
Jobs Report Merely An April Fool’s Joke – Ep. 156
* Well, it's April Fool's Day today and there certainly were a lot of fools out on Wall Street buying all the nonsense about the better than expected Non-Farm Payroll numbers * Many of those fools were also fooled into thinking that these supposedly good jobs numbers puts a June rate hike back on the table * In fact, these April Fools were out in force in March when several Fed officials were talking about the possibility of April being a live meeting, and they bought it; Janet Yellen potent
Apr 1, 2016 • 24:04
When Doves Talk, Gold Listens – Ep. 155
* All the talk last week in the financial media was the fact that several Federal Reserve officials had given speeches somehow putting April back on the table as a live FOMC meeting, where the Fed might raise rates * In fact, even earlier this week, even yesterday, an official from the Federal Reserve Bank of San Francisco commented that the Fed should continue with rate hikes because the economy is strong and the data is on target * I did not buy those comments for one second - my last podc
Mar 29, 2016 • 41:46
Fed Bankers Bark But Won’t Bite – Ep. 154
* The markets are closed on Good Friday, the markets are closed, but I did want to take time to record this podcast * Some people were wondering why I didn't do a podcast on Wednesday, the day we had a big drop in the price of gold * Believe me, I love doing podcasts, when the price of gold goes down, because I know a lot of people who are interested in gold want to know what my thoughts are on a day that it happens to go down * As it turns out, I did have an interview on CNBC Fast Money, a
Mar 25, 2016 • 28:12
Government Encourages Student Debt While Discouraging Hiring – Ep. 153
* Before I get into the economic news of the past couple of days, the big event today was the terrorist attacks in Belgium and I want to offer my condolences to the people of Belgium and also on behalf of my listeners from the U.S. and all over the world * This will probably work to the benefit of Donald Trump, who didn't waste much time in capitalizing on the event * We do have a couple of primaries today, Arizona and Utah * In Arizona, Trump is well in the lead - it's a winner take all st
Mar 23, 2016 • 28:53
Yellen’s Feet Were Always Cold – Ep. 152
* Happy St. Patrick's Day everybody and to those of you who have been waiting since yesterday for this podcast, you won't be disappointed * Yesterday I did an interview with Liz Claman at Fox Business News and I did respond to the Fed's decision. That video is up on my YouTube Channel. * The Fed did not raise interest rates, which didn't surprise a lot of people, but what did surprise a lot of people was the the Fed indicated, based on their Dot Plot, the consensus is that the Fed now sees
Mar 17, 2016 • 29:51
Can Trump Make America Great Again? – Ep. 151
* We have some key primary elections coming up tomorrow and I want to take an opportunity to do a podcast on Donald Trump and the Trump phenomenon * A lot of people are under the impression that I am endorsing Donald Trump because I have said some positive things about him and his campaign * But I want to make it clear that I am not doing that * I am not convinced that he is going to be a good President, although it's possible that he could * I think there's no chance that Hillary Clinton
Mar 14, 2016 • 36:39
Draghi’s Bazooka Backfires, Gold Explodes – Ep.150
* Mario Draghi at the ECB fired his big bazooka today; people had anticipated that that would be the case * In fact, it seems like he fired a bigger blast than people were expecting, he announced that he would reduce negative interest rates further * They moved from -.3 to -.4 and he announced an expansion of their quantitative easing program from €60 billion per month to €80 billion, which means that their program is not larger than the Fed's; remember we were doing $85 billion a month befo
Mar 11, 2016 • 25:24
Why Didn’t the Fed “Just Say No”? – Ep. 149
* So far it's been a pretty light week but what little economic data that has been released is bad, and all of it evidences the recession that nobody wants to acknowledge * Let's start with the Consumer Credit numbers that came out on Monday. Not only was the number extremely weak, but the revisions to the prior month were even weaker * The initial report for the growth in consumer credit in December was $21.3 billion * Now I don't think growth in consumer credit is good; I think it underm
Mar 10, 2016 • 36:54
Part-time Employment SURGES as Weekly Earnings Drop the MOST EVER!
* The media, the Federal Reserve and President Obama continue to ignore the overwhelming evidence out this week, in fact every week for the past couple of months that the U.S. economy has already slipped back into recession * The last revision to Q4 GDP showed the economy grew by 1% for the quarter, but remember, the government never acknowledges a recession until it's practically over * The Great Recession started in December of 2007 but it wasn't until the fall of 2008 that the government
Mar 6, 2016 • 23:41
Thoughts On The Economy, Buffet, Oscars & Politics – Ep.148
* The Dow finished the last trading day in February, with a 123-point decline, in fact the Dow Jones closed at the low of the day; the NASDAQ was down 32.5 points * Gold reversed the declined from Friday, it was up $16.5 today it's up another $2.50 as I record this, we're now back above $1240 * The reason gold declined on Friday was that the rate hike was apparently back on the table because of some stronger than expected Q4 GDP numbers and also the consumer income and spending numbers were
Mar 1, 2016 • 45:50
Even Cramer Can See Bullard Is Blind – Ep. 147
* The rally in the U.S. stock market continues, the Dow closing up more than 212 right at the high of the day * It's not just the Dow Jones that is rising, and by the way, this is the highest the Dow Jones has closed since early January, so it's better than a one month high * Oil prices closed above $33/barrel for West Texas, again that's the highest level since early January * The dollar is weak across the board, in fact the Canadian dollar hit a 3-month high today against the U.S. dollar
Feb 26, 2016 • 35:53
Recession Hiding in Plain Sight – Ep. 146
* We had some wild swing in the market today, particularly the stock market and the gold market * At one point this morning, the Dow Jones was down about 270 points * It finished the day up 53 points * There wasn't any real news that caused the market to go up; people were buying the dip * The oil market also turned around; it was down a buck and change and managed to close up .20-.30 * Gold was the mirror image; gold was up at one point to $27-$28, back above $1250 * Then when the stock
Feb 25, 2016 • 26:21
Stagflation Rears Its Ugly Head – Ep.145
* It looks like Jamie Dimon's bottom turned out to be the trap door I thought it was, with the Dow Jones today down almost 190 points * The market was let lower by the financials, JP Morgan itself down better than 4% * Remember it was Jami Dimon having the confidence to put a year's salary into company stock that sparked this rally, but it seems to be losing steam and rolling over * Because we're not going to get a lasting bottom until the Fed makes that bottom * It's not going to be
Feb 24, 2016 • 27:52
Gold Sacks Goldman Sachs – Ep. 144
* What a difference two days make! Two days ago I recorded my podcast, "Goldman Sachs Sacks Gold", and that was because Goldman Sachs' comments about shorting gold were partially responsible for the severity of the drop in gold over the holiday weekend * Today, gold is fighting back, at one gold was up better than $30, although as I record this the price has pulled back a bit, still above $1230 - up about $22 on the day * Gold stocks, the GDX index I mentioned in my last podcast, was up 6% o
Feb 19, 2016 • 30:12
Goldman Sachs Sacks Gold – Ep. 143
* The big story of the day was the pullback in the price of gold * Gold was above $1260 last week; it pulled back a little bit on Friday, but the real damage happened overnight on Monday, while we were celebrating Presidents' Day * At one point gold was down almost $50; trading even below $1190 * When we opened up for trading in New York, gold was back above $1210.; it tried to rally, but really couldn't, in fact the only time gold rallied today is when the Dow sold off to +50 from +150 *
Feb 17, 2016 • 24:14
Janet Yellen Channels Scott Nations – Ep. 142
* Big day in gold today; gold broke over $1200 for the first time in almost over a year, in fact we hit a new 1-year high * I saw gold trading above 1260 at one point in the morning, that was up better than $60 on the ounce; It closed up 49.10, I believe at $124.90 * Remember, I was on CNBC "Futures Now" earlier in the week and gold was around $1180-$1190 and they were trying to press me on where I thought it would go, and I said, it's going to go higher, I'm bullish in the short term, the m
Feb 12, 2016 • 27:38
Yellen Throws Sinking Market an Anchor – Ep. 141
* Janet Yellen was up on the Hill today for the first of her two-day testimony before Congress * Remember I said the only way that Janet Yellen could stop the market from falling is to admit that the Fed will alter its 4-rate-hike trajectory for 2016, and she didn't do that * As a result, the stock market failed to sustain its early morning gains; the Dow was up better than 100 points - closed near the low of the day down 99.64 * The NASDAQ, which was up not quite 100 points earlier in the
Feb 11, 2016 • 34:14
Scott Nations Claims Peter Schiff Was Never Right – Ep. 140
* It was another volatile day in the U.S. stock market, with the Dow swinging from positive to negative to positive to finally closing negative, but well off the lows and the highs of the day * The NASDAQ was only down about 15; the Dow down about 12 points * The real action was in the currency markets: the dollar got clobbered today, a new 4-month low in the euro, 2-year low in the yen, the Swiss franc was probably the strongest currency on the day * The dollar index actually traded in the
Feb 10, 2016 • 34:39
Gold Hits $1,200 as Financials Get Hit – Ep. 139
* As I mentioned in my video blog I recorded on Friday, the jobs data that came out on Friday was just not weak enough for the market * So the markets' carnage continues, because everybody still believes the Federal Reserve may in fact be raising interest rates - the only question is, will it be in March, will it be in June, the markets don't know and so they continue to be under pressure * At one point today, the Dow Jones was down nearly 400 points * The NASDAQ was down about another 150
Feb 9, 2016 • 25:15
Weak Jobs Report Not Weak Enough For Stocks – Schiff Report
* It really was a brutal week on Wall Street, led by the tech-heavy NASDAQ, which is down about 5-1/2% on the week; 3% of that alone came today, now down about 17% from its high * Not officially in a bear market yet, but getting there * The vast majority of NASDAQ stocks are in bear markets, in fact, many of those stocks are down 40 or 50% or more - a number of those stocks down 40 or 50% today alone * The Russell 2000 is already in a bear market; it's down 24% * Dow Transports also down 2
Feb 6, 2016 • 27:34
Recovery Fantasy Persists Despite Recession Evidence – Ep. 138
* So far the month of February is just 4 trading days old, and already the U.S. dollar index is down just over 3 percent * We closed January at 99.6 and we closed at 96.5 * Gold, going the other way, now up about $13 today, closing above $1,155; the price of gold is up almost 3.5% in the first 4 days of February * That shows you that most of the move in gold is the result of the dollar going down * This move is just getting started * The markets are just beginning to price in the fact tha
Feb 5, 2016 • 25:33
Dow Tumbles on Cruz Iowa Caucus Win – Ep. 137
* It was another tough day in the stock market today; the Dow Jones finished down 295 points, NASDAQ fared even worse, down 103 points, that's about 2.25% * These 100-point moves are coming quite often now; in the NASDAQ, the transports were hardest hit once again down 204 points - that's almost 3% * When I saw this carnage, I wondered if North Korea had tested another nuclear bomb - early in January the market was down about 250 points and they blamed it on the North Korean bomb test * The
Feb 3, 2016 • 32:16
BOJ Goes Negative, 2 Down 1 To Go ! – Ep. 136
* First it was the ECB, and then it was the Bank of Japan, cutting interest rates overnight to -.1% * That is the first time in this 20-year experiment of cheap money - I think they've been at zero, but they've never gone negative until just now * One of the most ironic aspects of the move is that Kuroda, just 8 days ago told the Japanese Parliament that the Bank of Japan was not seriously considering negative interest rates, yet in a span of a week, they went from not considering it, to act
Jan 30, 2016 • 29:08
The Short Lady Has Not Sung Ep.135
* As I said in my last podcast, when the the Federal Reserve issued its press release yesterday at 2:00pm, Janet Yellen did not give the markets they were hoping for; in a way, it was almost as if she threw them an anchor instead, because the Dow Jones ended up falling about 200 points as a result of the disappointing statement * The statement was dovish, but it wasn't dovish enough, and even though the Dow recovered about half those gains, I think the market is still on the defensive, given
Jan 29, 2016 • 27:49
This Time It’s Different Ep. 134
* The Mario Draghi "No-Limits"-inspired rally from Thursday and Friday of last week ended on Monday with the Dow Jones down just over 200 points; the NASDAQ was down about 75 points, so an even bigger percentage drop * But today the market reversed; the Dow actually recouped 100% of what it lost, it rose 282 points by the close * A lot of volatility in the oil markets; down yesterday and up above $30/barrel today * The bigger action today was in gold, up another $12 or so, the highest price
Jan 27, 2016 • 29:50
The ECB Rescues The Markets – Ep. 133
* The U.S. stock market ended the week with a 2-day rally, in fact the Dow Jones closed better than 200 points today, to about 1690 * NASDAQ, even stronger, up 119, closing at almost back up to 4600 * The rally actually began early yesterday morning, and not just in stocks * Oil had a huge rally, in fact, today alone, crude was up $2.72 back above $30, at $32.25 * What sparked the rally was comments made by Mario Draghi at an ECB press conference that followed their official statement tha
Jan 23, 2016 • 23:56
It Looks Like a Recession Because It Is One – Ep. 132
* The bear market in global stocks continues, and I believe we're in a bear market in the U.S. * Technically the major averages are not quite down 20%, although some of the averages are * Transports were down 30% from their highs * The Russell 2000 was down more than 25% * Many individual sectors are way down into bear market territory, as are some individual stocks * IBM hit a new 6-year low; and, of course, IBM is the poster boy for share buy-backs * Imagine how much shareholder money
Jan 21, 2016 • 29:21
Fed’s Denial Risks More Than Its Credibility Ep.131
* The Dow Jones ended another down week on a down note, dropping 390 points * The NASDAQ was down 126 points * This is the worst January in the history of the stock market the Dow is off about 13% from its highs, the NASDAQ about 15%, firmly in correction territory * We are probably in a bear market right now, because ultimately these indexes will be down 20% * Some indexes are already firmly in the bear camp; the transportation average is down about 27.5%; the Russel 2000 is down about
Jan 16, 2016 • 34:28
Obama Delivers the Most Clueless SOTU Address Ever – Ep.130
* Last night I watched President Obama deliver the State of the Union Speech and probably the only good thing about the speech is that it was his last one * It will probably go down in history as the most clueless State of the Union Address ever * All he talked about was how great the economy is - how he created all these jobs * He even had the chutzpah to take credit for reducing the budget deficit! * President Obama will have doubled the national debt during his presidency * He added mo
Jan 13, 2016 • 29:01
Deja Vu All Over Again – SchiffReport January 8, 2016
* Hi everybody, this is Peter Schiff and I am recording this on Friday, January 8, and Wall Street just finished the worst opening week to a new year in the history of the stock market * The Dow Jones was down another 1% on Friday to finish the week better than 1,000 points - it was a 6% decline on the week * Now there have been weeks that have been down more than 6% in the history of the stock market, in fact we had one about 4 years ago, but we've never had a week this bad in the first wee
Jan 9, 2016 • 28:59
Fallout From the Fed Not North Korea Shocked the Markets – Ep. 129
* Well the Dow Jones got clobbered again today, down 252 points at the close * The NASDAQ down about 55 * The transports continue to get clobbered down another 146 points, decisively in bear market territory * CNBC blamed the entire decline on jitters over North Korea's hydrogen bomb test * I admit that this prospect is not good, but I don't believe that announcement was the reason for the decline * The real problem is the Fed removing the monetary herion from the addicts on Wall Street a
Jan 7, 2016 • 32:35
Stocks Start Year With Biggest Drop in 84 Years – Ep. 128
* The U.S. stock market opened the first trading day of 2016 with a bang, but not the type of bang the bulls were hoping for * The Dow was down 276 points-it was down as much as 450 points in the last hour of trading * In fact,we opened down 300 and change and we hung around the down 350 - 400, in fact down 276, at the close was about the best level of the day * The NASDAQ closed down around 104 * The Dow Jones transports continues to get crushed - the weakest index on the day, down 156 p
Jan 5, 2016 • 23:52
Bubbles Popping On Wall Street This New Year’s Eve – Ep. 127
* Let me begin my final podcast of 2015 by wishing all of my listeners a Happy New Year * It certainly wasn't a happy New Year's Eve Day on Wall Street * Normally the last day of the year is a positive one; you normally have a Santa Clause rally and it continues on to New Year's Eve * That wasn't the case today. The Dow Jones finished its first down year since 2008 - down 178 points * The S&P also negative on the year, the NASDAQ managed to gain about 5% or so * I'm hearing a lot of peop
Dec 31, 2015 • 26:51
CNBC Calls Me Out on Gold – Ep. 126
* Recording this podcast on Monday afternoon; the stock market closed about an hour ago, and the stock market was up over 100 points today, but the more dramatic days happened on Thrusday and Friday * Despite the initial euphoric increase in the stock market that greeted the Fed's highly anticipated quarter-point rate hike on Wednesday the market tanked on Thursday and Friday, down over 600 points * The most significant part of the sell-offs is that on both days the markets closed on the low
Dec 22, 2015 • 28:22
Janet Yellen Gets Nuts – Ep. 125
* Yesterday, the Federal Reserve finally met market expectations and increased interest rates to .25% * Actually, the official rate was 0 - .25 and now, the official rate is .25 to .5 * The actual rate was always in the middle between zero and .25 * Assuming the Fed tries to keep the rate closer to .25 than .5, the actual increase in rates could be less than 25 basis points * The initial reaction to this rate hike is to proclaim the end of the era of "cheap money" * .25% is still cheap m
Dec 18, 2015 • 32:47
Is the Fed Playing Chicken With the Stock Market? – Ep. 124
* The U.S. stock market finished up its worst week since August, when everybody though a rate hike was just around the corner * Substantial triple-digit losses across the board * The Dow Jones closed down 309 points - almost 4% * Similar percentage decline for the S&P 500 * The NASDAQ dropped 111 points, over 4% decline for the week * The media is blaming this decline on oil prices, and yes, oil prices are weighing on some stocks * Some stocks benefit from lower oil prices - case in poin
Dec 12, 2015 • 28:10
Data Be Damned, Rate Hike Ahead?
* We are just about a week away from the Federal Reserve's first rate increase in about 10 years * Everybody believes the stage is set for liftoff based on the most recent better than expected Non-Farms Payroll report * The idea is that the only thing preventing the Fed from liftoff would have been a horrific jobs number * In fact the markets estimated 190,000 jobs added and we got 211,000 * We did beat estimates, and in fact they revised last month's number up to 298,000 * The unemployme
Dec 8, 2015 • 30:34
Draghi Fails To Deliver. Will Yellen Be Next? – Ep. 123
* Mario Draghi of the ECB sent shockwaves through the foreign exchange and currency markets today * He didn't deliver the stimulus traders expected * The big question is, will Janet Yellen surprise the market by failing to raise rates? * The ECB did slightly lower interest rates, and extended QE if it will be needed * Draghi's goal is inflation * He equates 2% inflation to "price stability", when prices in Europe are stable now * The big divergence that everybody is trading on a tighteni
Dec 4, 2015 • 30:43
Yellen’s Confidence Defies Data, Logic, and Common Sense – Ep.122
* The price of gold was down another $15 today, a 6-year low * Selling began early this morning following a better than expected jobs report from ADP * This is private payrolls released a couple of days before the official government Non-Farm Payroll number, coming out on Friday * Last month's ADP report was 182,000 jobs, which was below expectations * But the government reported better than expected jobs numbers * Today's number was not significant enough to have triggered a sell-off in
Dec 3, 2015 • 28:44
Weak Holiday Sales Confirm The Best Bargain Is Gold – Ep. 121
* I am recording this podcast on Cyber Monday * Cyber Monday first got its name because e-commerce wanted its own version of Black Friday * It's losing some significance, given it is losing some of its competitiveness because of the strong online sales during Black Friday * Online sales were up about 20% over last year, but the brick and mortar retail sales were down about 10% * The retailers' inventories were positioned for a big increase * I think this holiday sales season will be weake
Nov 30, 2015 • 39:27
Retailers May Still Be In The Red After Black Friday – Ep. 120
* Tomorrow is Thanksgiving Day, one day before Black Friday * The one day of the year where Americans make their annual pilgrimmage there they stampede to the nearest mall to buy stuff they really don'[t need and can't afford * It's almost like a black and blue weekend * I believe that this will be a pretty weak holiday weekend; by the time we get the sales numbers next week, it's going to be pretty dismal * The news that brought the euro down this morning was rhetoric coming from Mario Dr
Nov 25, 2015 • 36:31
Did The Fed’s Luck Run Out On Friday The 13th? – Ep. 118
* Friday the 13 was an unlucky day on Wall Street * The Dow was down over 200 points - the second back to back decline of over 1% since August * What was happening in August? Everybody was convinced the Fed was going to raise rates in September * Now, everybody is just as convinced that the Fed will raise rates in December * Once again, as I predicted a week ago, the market sold off * We are down over 650 points on the week * Nasdaq is down today even more - 1-1/2% * The carnage was onc
Nov 14, 2015 • 18:33
Markets, Economy, Republican Debates – Ep. 117
* When I recorded my last video blog, I mentioned how positively the market reacted to jobs report, which could signal the Fed to raise rates * I said there might be a delayed reaction and, in fact it did * Four days into this trading week we are down more than 450 points * Also, I did an interview on CNBC.com where I said I felt the retail markets would have a a tough time this Christmas * That was translated into headlines that I stated that consumers would have a horrible Christmas, whi
Nov 13, 2015 • 35:07
Over-Hyped Oct. Jobs Report Does Not Assure Dec. Rate Hike – Schiff Report
* Friday, November 6, 2015 * Earlier today the government released the Non-Farm Payroll Report for the month of October * I was told that this was the most import Non-Farm Payroll report ever * They were looking for 190,000 jobs and we created 271,000 jobs * Everybody now has jumped to the conclusion that a December rate hike is a lock * There is nothing in this jobs report that indicates that * The reason everybody believes that the Fed is like to raise rates is because Janet Yellen tes
Nov 7, 2015 • 23:01
The Great Rate Hike Hoax – Ep. 116
* Here we go again; Janet Yellen was on Capitol Hill testifying about the banking system * Forget about all her comments about how solvent the banking industry is - of course it's not * The banking system is more vulnerable and more highly leveraged than before the bailout * I am focusing on what she did or did not say about the Fed's intentions to raise rates in December and how the markets reacted * Headlines following the testimony were about the probability that the Fed will raise rate
Nov 5, 2015 • 27:10
Fed Continues To Extend And Pretend On Rate Hikes – Ep.115
* I am recording this podcast from New Orleans, where I am attending the Investment Conference * Today, I am going to talk predominantly is the FOMC statement that came out yesterday following the conclusion of their 2-day October meeting * It was largely expected that the Fed would not raise interest rates in October and that's exactly what happened * I predicted this a long time ago * What is amazing is that, as a result of this announcement, more people expect the Fed to raise rates in
Oct 29, 2015 • 27:08
ECB Opens The Door To More QE – Ep.114
* This is the first podcast I've been able to record since the death of my father, Irwin Schiff, who passed away on Friday * If you're interested in learning more about him and the circumstances surrounding his death, I would encourage you to read my commentary, "The Death of a Patriot" * There also links to many other articles written about him on my Facebook page * You can also find on my YouTube channel, my father's debate for the 1996 Libertarian Nomination for President * You can also
Oct 22, 2015 • 25:43
Walmart Is The Canary In The Retail Coal Mine – Ep.113
* We finally got some economic news today, all of it bad * All of it "unexpected"... * Hope springs eternal on Wall Street * That's why the Federal Reserve can maintain its forecast of an interest rate hike before the end of the year * Although now a second Fed official has come out saying he doesn't think a rate hike will be appropriate this year * All this was forecasted by me; there was a method to their madness to maintain the theater that a rate hike is even possible * When is the F
Oct 15, 2015 • 24:48
Fed Worried Cost of Living Not Rising Fast Enough – Ep. 112
* The Dow Jones finished up almost 140 points - back over 17000 * The Dow has now rallied 1,000 points since its lows on Friday following the lower than expected Non-Farm Payroll number * The market originally sold off until traders realized that bad news is good news and they bought the dip * The buying intensified today following the release of the FOMC minutes from the last meeting * I predicted the markets would experience a rally based on the weak Non-Farm Payrol number * The U.S. ma
Oct 9, 2015 • 24:56
Video Blog: September Jobs Report Confirms Weakening Labor Market
* It is the first Friday of the month, and that means that this morning we got the September Non-Farm Payroll number * Anyone who has listened to my podcasts and video blogs knows that for months I have criticized these so-called strong jobs reports * I think what's going on is a transformation of the economy from full-time jobs to part-time jobs and that necessitates creating more jobs that you destroy, but the real story is beneath the surface * The report we got today was one of the weak
Oct 3, 2015 • 29:42
President Trump and Treasury Secretary Icahn? – Ep. 111
* It's been over a week since I did my last podcast there's been a lot of economic news - almost all bad * The markets have been under pressure - we're back down near the mini-Black Monday lows, solidly in correction mode * The pressure on international markets has been greater * Yet the vast majority of economists expect the Fed to raise interest rates by December * This would really mean last minute - as the Fed's messaging hints at an interest rate hike by the end of the year * I
Sep 30, 2015 • 26:48
Yellen Admits Rates Could Stay at Zero Forever – Ep. 110
* Tuesday's podcast was titled, "Will She or Won't She?" referring to whether or not Janet Yellen would announce an interest rate hike for the first time in almost 7 years * Today we got the official answer: "No." * For the 54th consecutive time, the Fed has left interest rates unchanged at zero * What is even more amazing, in the Q&A immediately following the announcement, Janet Yellen admitted that she could not rule out the possibility that interest rates would stay at zero forever * A
Sep 18, 2015 • 23:36
Will She or Won’t She? Ep. 109
* Tomorrow we have the most highly anticipated Fed meeting ever, but this will not be the last time I'll say this * We'll also be anticipating October and December if the Fed does not raise interest rates in September * The odds are they won't do it * I put a Bloomberg story on my Facebook page: Yellen's former aid says a rate hike would be a serious error * Why? The official target for the Fed Funds Rate now is at a range of 0 to .25 basis points * The Fed is contemplating a rate of .25
Sep 16, 2015 • 23:48
Weak Data Belies Fed’s Upbeat Narrative – Ep. 108
* The U.S. stock market finished out this holiday-shortened week on an upnote with the Dow Jones up just over 100 points * This was the best week the market has had since March * The dollar was softer on the week; the euro ended solidly above 113 * Gold was under pressure throughout the day but closed only off about $3.00 * Gold stocks earlier this morning were at the lowest I've seen in this cycle but then had a sharp reversal finishing much stronger on the day * The markets are looking
Sep 11, 2015 • 22:14
Rate Hike Fear JOLTS Markets – Ep. 107
* Another day, another 450-point swing in the Dow Jones * The market opened about 250 points higher off the back of overseas markets * Japan was the standout; it was up about 7% on the hope of more money printing * All overseas markets were stronger and the U.S. followed that lead, but at the end of the day, the market was down about 240 points, a lot of selling coming in the final hour * Huge swings almost daily over several weeks generally indicates a change in trend * The long-term tre
Sep 10, 2015 • 31:16
Did August Jobs Ready Fed for Sept. Rate Hike?
* Earlier today we released the most important Non-Farm Payroll report ever, at least according to the media * A WSJ article stated that this report could "seal the deal" on rate hikes * Interest rates have been at zero for 7 years as the Fed contemplated lift-off * It all boiled down to one jobs report? * If the Fed were going to raise interest rates in 2 weeks, how can it count on its accuracy or the fact that numbers will change next month? * Let's get into the numbers: * The number w
Sep 4, 2015 • 30:02
Fed Casts Extras In Its Rate Hike Show
* The Dow just finished its worst month in over 4 years * A lot has happened in the market since I recorded my last podcast * When I recorded that podcast, I had anticipated a "Turnaround Tuesday" where the market would gap up, but then sell off by the close * That is exactly what happened * Then the Dow had its biggest 3-day rally in history * Still that record-setting rise was not enough to repair the damage done that was done earlier * The Dow had its biggest down month in over 4 year
Sep 1, 2015 • 33:20
Will the Fed Rescue the Stock Market? – Ep. 105
* It wasn't a Black Monday of the 1987 variety, but it was one for the record books * The Dow was down opened downjust over 1,000 points - the biggest intra-day point drop ever * When the market opened down that low, bargain hunters came in for a spectacular rally * Bringing the Dow almost back into positive territory before surrendering those gains and ending the day down 588 points, another 3.5% drop, closing at 15,871 * Taking out the 16,000 handle just a few days after taking out the 1
Aug 25, 2015 • 23:02
U.S. Stock Market Correction Not Made In China – Ep.104
* What a week for global stock markets, but in particular, the U.S. stock market, which had its worst week in 4 years * The Dow Jones down better than 1,000 points - over 10% from its peak puts it in official correction territory * One-third of the stocks in the S&P 500 are already down 20% from their highs * The Dow lost more than half of the 1,000 points today - 530 points, which is the 9th biggest point decline ever * This is on top of the 350 points dropped on Thursday * Thursday we b
Aug 22, 2015 • 27:27
FOMC Minutes Confirm Fed Rate Hike Rocket Not Ready for September Liftoff – Ep. 103
* Today the FOMC minutes were released at 2:00 today and this is the last look inside the head of the FOMC members before September * Now expectations are being pushed back to December * Gold and silver prices were up today in spite of expected hawkish Fed comments * We are at more than a one-month high in the gold price now above 1130 against a backdrop of extreme bearishness suggests we've seen the low in this cycle * Silver was down yesterday and recovered dramatically today which sugge
Aug 20, 2015 • 20:25
Don’t Expect a Normal Reaction to an Abnormal Situation – Video Blog
* On Friday we finally got the Non-Farm Payroll numbers for July * The consensus is that this reports indicates that an interest rate hike is inevitable * This is the rate hike that everybody has been expecting and this report see * The report is weak, relative to previous months, but slightly ahead of the consensus * It seems like we are going in the wrong direction * Labor Force Participation Rate is stagnant at the lowest in decades * Q2 GDP was much lower than expected * the Atlanta
Aug 11, 2015 • 24:57
Will The Bad News Finally Matter? – Ep. 101
* One piece of positive economic news ISM Non-Manufacturing Index for July surged to 60.3 - highest number in 10 years * The ADP Employment Report came in at 185,000 jobs, well below the consensus * June Trade Deficit rose 7.1% - in line with expectations * June Layoffs rose to 105,696 biggest layoff number in 6 years * Consumer Comfort Index down to 40.3 second lowest number since November * The Atlanta Fed dropped a bombshell forecasting Q3 at just 1% * Given this slowdown, could we po
Aug 10, 2015 • 20:58
Upon What Data Does the Fed Depend? – Ep. 100
* This is my 100th Podcast * This new format allows for timely analysis when is is most convenient for me and for you, the listener * Please share these podcasts, to get this valuable information out * My podcasts can be accessed on YouTube, on iTunes and other podcast sites and right here on my website * Also don't forget to check out my Twitter feed, because I comment much more frequently on daily economic news * Check out my post on Facebook about the CEO who established a $70,000 mini
Aug 4, 2015 • 30:15
Worst Recovery Since WWII Just Got Worse – Ep. 99
* This morning we got the first look at Q2 GDP * Q1 had been reported most recently at -.2 * Everybody was looking for an upward revision due to the double seasonal adjustments * The revision brought Q1 into the black, but only by .6 * Q2 expectation was 2.9; instead it came in at 2.3 * I had mentioned that at best, Q2 GDP would be in the low 2's, which is what we have * After revisions, however, we could end up at below 2 for Q2 * Wall Street and the Fed were too optimistic about Q2 *
Jul 31, 2015 • 21:08
Fed Leaks, Fast Food, Housing & Gold – Ep.98
* The Dow Jones had its worst week since January - closed the week at 17,568, down 518 points * Friday's drop alone accounted for 163 points * Capital One had a huge earnings miss and announced big layoffs * Big losses on bad debt * All the economic data from this year has been negative * There is no precedent for the Fed to raise rates when all economic indicators are down * Normally The Fed stimulates when the economy is down * The most interesting economic news on Friday was a leak f
Jul 25, 2015 • 40:59
Gold’s 50-Dollar Sunday Night Collapse Explained – Ep. 97
* Today's Podcast is entirely devoted to gold and gold stocks * Last night, in just a few minutes, gold dropped $50 * One or more major sell orders hit the market at the same time and gold went down below $1100 * It was down $20 by the time New York trading opened and by market close gold was down around $37 on the day * Silver was down only about .15 today * Why was all that gold dumped? The goal could not have been to get a good price - the goal was to knock the price down * The HUI wa
Jul 21, 2015 • 22:41
Yellen Almost Admits Economy Too Weak to Raise Rates – Ep. 96
* Today Janet Yellen goes back up the Hill for the second of her 2-day Congressional testimony and the press has already made headlines about what she did not say * According to the headlines, Yellen's "hawkish" testimony reflected that she is putting the Fed on a path to hike rates later later this year * That is not what she said * From her prepared, written testimony, which was carefully crafted for all eyes, this is what she said: * "If the economy evolves as we expect, economic condit
Jul 16, 2015 • 31:38
The Real Reason Greece Folded – Ep. 95
* As I have been saying all along, the Greek Prime Minister capitulated to German demands * In fact, he is agreeing to a plan that is more onerous on Greece than the one he encouraged his own people to vote down just over a week ago * Those who thought Greece held all the cards, that the Eurozone would risk a domino effect of other nations leaving the euro * I felt Germany held the stronger hand and would push Greece from the Eurozone rather than cave in to Greek demands * Greece is going
Jul 14, 2015 • 21:26
Yellen Continues to Talk What the Fed Can’t Walk – Ep. 94
* This podcast comes from my hotel room in Las Vegas, as I am attending Freedom Fest * Janet Yellen received a standing ovation at the end of her talk, and I can't understand why... * Headlines from the talk report "Rates to go up by the end of the year" * Actual quote:"Based on my outlook, I expect that it will be appropriate at some point later to take the first step to raise the Federal Funds Rate, and thus begin normalizing monetary policy." * "I want to emphasize that the course of th
Jul 11, 2015 • 20:30
Out of the Frying Pan Into the Fire – Ep.93
* Over the weekend the Greeks voted no to the Eurozone bailout terms * The Greeks ars still hoping for a better deal, hoping to avoid austerity * The irony is that the consequences of their vote will bring on even more austerity, as a return to the drachma will result in a lower-valued currency * For example, pensioners will be paid not in fewer euros but drachmas that buy less * This will mean a huge collapse in the standard of living in Greece - far worse than the "austerity" called for
Jul 8, 2015 • 25:30
Labor Force Participation Rate Plunges to 38-Year Low – Ep. 92
* Happy 4th of July to everyone * Unfortunately, we have given up our independence to government tyranny * I will be back on the radio again - I'll be on the Alex Jones Show every first and third Friday of every month when the Non-Farm Payroll numbers come out * I will be doing tomorrow's show - the second hour of the show * The Non-Farm Payroll Report came out early this week because of the 4th of July holiday * The consensus forecast of 230,000 jobs was close to the actual number 223,00
Jul 3, 2015 • 22:35
Obama Takes the Credit, Workers Suffer the Consequences – Ep.91
* One more time President Obama seeks to buy Democratic votes with a free lunch by appealing to workers * Promising more overtime pay, to go into effect in 2016 * Raises the threshold for overtime pay requirements * Workers who earn salaries of $50,000 or less must be paid overtime for hours worked over 40 hours per week * This prevents workers who put in extra hours on their own time to try to advance * This could cause employers to reduce salaries to factor in overtime * It will be har
Jul 1, 2015 • 20:34
For U.S., Puerto Rico Bigger Tragedy than Greece – Ep 90
* Global stock markets got beaten up overnight and the carnage continued here in the U.S. * Dow Jones down 350 points by closing bell - biggest point loss of the year * NASDAQ down 122 points * Possible Grexit sparked sell off in FOREX markets * Banks in Greece closing, sending masses to the ATM machines * Euro ended up closing near the highs of the day - nearly to $113 * The dollar was weak all day against the Yen and against the Swiss Franc * There was no safe haven move into the doll
Jun 30, 2015 • 26:24
Help Me Correct Wikipedia’s Liberal Bias
[fullwidth background_color="" background_image="" background_parallax="none" parallax_speed="0.3" enable_mobile="no" background_repeat="no-repeat" background_position="left top" video_url="" video_aspect_ratio="16:9" video_webm="" video_mp4="" video_ogv="" video_preview_image="" overlay_color="" overlay_opacity="0.5" video_mute="yes" video_loop="yes" fade="no" border_size="0px" border_color="" border_style="" padding_top="20" padding_bottom="20" padding_left="0" padding_right="0" hundred_percen
Jun 25, 2015 • 21:44
Greece is a Sideshow. U.S. is the Main Event – Ep.89
* It looks like there is going to be some kind of deal to avoid the "Grexit" * Greek's exit would be great for Europe, but it would not be politically attractive for either side * As long as Greece stays in the Eurozone, the Greek government can continue to blame Germany or Brussels for their problems * So-called austerity will continue without any haircut to the debt * The same is true for cuts to government spending * The Greek government may increase taxes and/or adjust the retirement
Jun 23, 2015 • 13:55
Yellen Almost Admits Fed Not Ready to Raise Rates
* Today was the expected day for expected rate hikes, indicating economic "lift-off" * The June rate hike is off the table and everyone is focusing attention on September * The prepared remarks are just a smokescreen to maintain the pretense that the economy can withstand a rate hike * The Q&A session after the the prepared remarks were more revealing * Janet Yellen ducked the question of why people who recommend postponing the rate hike to 2016 are wrong * Yellen stated that the "dots" u
Jun 18, 2015 • 19:33
Wall Street Begins to Question Fed’s Narrative – Ep. 88
* Dow under pressure on the back of EU talks with Greece * There is a lot of room for the market to decline pending the Fed's announcements * The consensus is that rates will hike September or later * If Fed does not rates in September, Election year next year might also put off rate hikes * Bloomberg article quotes B of A hinting that additional stimulus would further damage the economy * B of A admits this risk has been getting the least amount of attention * Empire State Manufacturing
Jun 15, 2015 • 20:04
Con Job Report – Ep. 87
* Once again, a week of worse than expected economic data punctuated by another better than expected non-farm payroll report from the government * ADP private sector payroll report was slightly below estimates * 5,000 manufacturing jobs lost - 3rd consecutive monthly decline * Unemployment rate dropped * Labor participation rate up to 62.9 - .2% above lowest point * Large sector of labor force still comprised of older workers * Teens, twenties and thirties are at all-time lows * Older A
Jun 6, 2015 • 30:34
Markets Still Fooled as Fed Plays “Let’s Pretend” – Ep. 86
* Short week closed with some horribly bad news * People are not paying attention to the data; they are paying attention to the Fed * Government released revision to the GDP: -.7 * The assumption of deflation is cooked into the number * Most Q2 data is weak * Q1 Corporate profits plunged by 5.9% * JP Morgan announced 5,000 layoffs * Corporations are already levered up to the max * May Chicago PMI plunged back down to 46.2 - close to March's -year low * April Durable Goods fell .5 * M
May 30, 2015 • 18:00
Currency Traders Still Buying Rate Hike Rhetoric – Ep. 85
* The U.S. dollar started out this morning on the defensive * Government released CPI numbers generated a sharp reversal across the board * Gold sold off, but closed slightly down against the dollar * April CPI up just .1% on the month; year over year prices dropped -.2% * Lowest CPI since October 2009 * Core CPI (excludes food & energy) rose .3% * Biggest monthly jump since March 2006 * News sent dollar up on anticipation that rate hike will be more likely * Inflation benchmark is jus
May 23, 2015 • 24:30
The Fix Is In. Government to Rig GDP Again. – Ep. 84
* Earlier today latest FOMC minutes released * Once again the weather is blamed for missed expectations, pretending the economy is better than it is * Now the Fed dismiss numbers as inaccurate, because seasonal adjustments are off * Why does the government need to seasonally adjust the numbers * Yearly GDP is the number that matters * Once the numbers begin adjusting the numbers you open the floodgates to manipulation and subjectivity * Wall Street analysts tend to be more optimistic for the fi
May 21, 2015 • 27:05
Fewer Hires Means Fewer Fires – Ep. 83
* S&P responds to bad news with new high; DJ just barely off record high * Dollar continues to fall * The currency traders still have not accepted the significance of bad news * Lower dollar will be the trend * Friday got a trifecta of bad economic news * Thursday Weekly Jobless Claims number declined to 264,000 - lowest weekly jobless claims in 42 years * Why are there so few job losses? Because so few people are getting hired * Government numbers come from the Birth/Death Model, which
May 17, 2015 • 20:30
U.S. Economy Teetering on the Brink of Recession – Ep 82
* Another week and another round of bad economic news * Wall Street may be finally paying attention * JOLT Report projected at 5.158 million; came in at 4.994 million * April Retail Sales expected to rise .2%; came in flat * X Automobiles expected an increase of .5, actual number was .1 * Beneath the surface there was a collapse in retail sales in all areas except groceries * Weakest year over year increase in retail sales since 2009 * Department Store Sales experienced the biggest drop
May 14, 2015 • 19:56
The April Jobs Report and My Encounter With Ben Bernanke – Ep 81
* First official jobs report of Q2 * Wednesday's ADP private payrolls were below expectations * March was revised down, indicating a softer labor market * Challenger job cuts numbers well above previous month, biggest year over year increase in 10 years * The jobs number came in at 222,000 jobs with unemployment down to 5.4% * The media is spinning the headline number * The picture underneath the jobs report is not as nice * The March downward revision by 41,000 jobs causes one to quest
May 8, 2015 • 30:03
Bloom Rapidly Coming Off Recovery Rose – Ep 80
* Upcoming Appearances * Thursday morning panel at the SkyBridge Capital SALT Conference in Las Vegas * Liberty Forum - Salt Lake City * MoneyShow - Las Vegas * Economic News for the Week: March Factory Orders met expectations, but downwardly revised February number for 5th straight year-over-year monthly drop * March Trade Deficit: $51.4 billion, a miss greater than $10 billion and the single worst trade deficit since October 2008 and largest monthly gain in nearly 20 years * If the
May 5, 2015 • 20:57
Spring Has Sprung, But U.S. Economy Still Snowed In – Ep 79
* Markets on roller coaster ride final two trading days of this week * Bad news parade marches on in April * The players are still clinging to fantasy of U.S. economic recovery * Dollar finished down substantially on the week - April was the first down month in 10 months * Dollar has seen its highs and is heading lower * Gold back below 1200 * Oil prices added to gains closed above $59 - moving opposite to the dollar * Friday - March Personal Income & Spending flat below expectations *
May 2, 2015 • 29:39
Will the Fed Run Out of Excuses as the Weather Warms?
* Government's first look at Q1 GDP * There was a lot of optimism around Q1 with expectations above 3% * Actual GDP was 1/5 of expectations at.2% * The rest of the story of Q1 GDP: * The deflator this time was negative - meaning that prices dropped by .1% * The last time the deflator was negative was 2009 Q2; still in the Great Recession * The previous occurrence of a negative deflator was in 1949 * I believe the true rate of inflation is higher than -.1% * Inventory build continued in
May 2, 2015 • 23:21
Minimum Wage, Maximum Stupidity – Ep 78
* The Keynesian myth of mandating prosperity actually hurts the lower middle class and the working poor * Something for nothing is appealing to voters, so politicians make empty promises that are good politics but bad economics * A Seattle-based company called Gravity Payments has instituted a minimum salary of $70,000/yr * This has given him great publicity, but how will this work in his company? * Lower paying jobs will have to be eliminated, because they don't represent enough productiv
Apr 28, 2015 • 24:50
Do the Swiss Envy Canadians Paying Higher Prices? – Ep 77
* S&P and the NASDAQ made new record highs * Stock market continues to ignore all the bad news about the economy * Bad news is not being ignored in the foreign exchange markets * Negative economic news is buoying the stock market because it removes fear of interest rate hikes * Weak economy means more cheap money which means higher stock prices * Oil prices hitting highest prices of the year * Gold is back above the 1200 level * April PMI Manufacturing Flash Index at 54.2 biggest miss e
Apr 27, 2015 • 20:09
Inflation Is The One Promise Central Banks Can Deliver – Ep 76
* Markets have been volatile but economic data still looking bad * Chicago Fed National Activity Index: contrary to expectations, came in at -.42 in addition a downward correction for last week to a 2-year low * Weekly Redbook Same Store Sales Survey down to lowest annual increase in 4 years with a dramatic rate of decline in recent months * Implausible excuses, such as the weather or the timing of Easter, attempt to mask the fact that the economy is just weak * Oil prices moved above $57,
Apr 22, 2015 • 20:31
Disney World, Paul Krugman, and Market/Economic News – Ep. 75
* Disney's theme parks are a monument to capitalism as it existed when Walt Disney envisioned Disneyland * The Hall of Presidents, however manages to honor presidents who supported big government over the free market * The choice of presidents demonstrates revisionist history that supports the liberal, big-government narrative * Whenever you expand government you contract liberty * The Dow ended the week down 279 points; NASDAQ down 75 * The search is on for excuses but the real issue is
Apr 19, 2015 • 28:20
Bad Economic News… When It Rains, It Pours – Ep 74
* Dollar usually drops on bad news but rallies because traders automatically buy on the dip * Bad news is dismissed because the first quarter "doesn't count" * This puts greater pressure on the last 3 quarters to make up for the first quarter and still show growth * Expectations of a bump similar to last year are based on non-repeatable conditions - Obamacare and inventory build * Inventory to sales ratio is the highest it has been since 2009 * What is the basis for dismissal of the bad n
Apr 16, 2015 • 18:54
Markets, Economic Data, & The Ben Bernanke Book – Ep. 73
* Markets continue to rally worldwide * Record highs overseas - much more action in Asia * Markets riding a sea of liquidity * Gold had an interesting week, closing at 1207 * The dollar had one of its best weeks in months * In terms of other currencies gold was at a 2-year high * This means that the euphoria about the dollar is not universally shared * Commodities in general were up - crude oil was up - holding above 50 * This is a good indication of a solid bottom on the price of gold
Apr 11, 2015 • 21:14
Sexist Female Reporter Refuses to Apologize to Male Victims – Ep. 72
* Big double standard in the media regarding "sexism" * Rolling Stone story based on complete fiction about a woman who claimed she was raped in a fraternity house * The reporter accepted the woman's story without checking sources * After the facts were out, the reporter apologized to everyone except the men who were falsely accused and the fraternity involved * Where is the outrage that the real victims did not receive an apology? * Is it sexist to assume that men do not deserve apologie
Apr 8, 2015 • 18:56
Media’s “Rand Paul Can’t Win” Nonsense – Ep. 71
* Media's take: Why run for President if you can't win? * "He's too Libertarian to win" * "He is not as Libertarian as his father" * "Rand Paul is closer to the mainstream than his father" * His chances are as good as anyone's at this point * He is actually closer to his father than he is to the mainstream * If you like Ron Paul, how can you not like his son? * Rand will maintain his father's supporters * There are a lot of Libertarian Republicans, and Rand will attract most of those votes * Ra
Apr 8, 2015 • 9:37
Frontline Perspective on the Government’s War on Liberty – Ep. 70
* When employers empower certain groups with special privileges they become clubs with which to beat the employer * Employers are then reluctant to put themselves in a position to be bashed with that club * Large companies must prove diversity and go out of their way to hire minorities * That kind of discrimination is the right of the employer * Whenever you hire anyone you make yourself vulnerable to frivolous suits * The government has made American business less competitive by appealin
Apr 7, 2015 • 19:54
Market’s Delayed Reaction to the Jobs Report – Ep. 69
* Markets are finally getting a chance to react to worst jobs report in two years * March non-farm payrolls coming in at about half of forecast * Dollar was off about 1% on FOREX * Stock futures were down on opening bell but shot 100 points higher * "Bad News is Good News" rally * CNBC thinks jobs takes June rate hike is off the table - but it was never on the table in the first place * The Fed will not be serving a September rate hike either * It's going to be an all you can eat "QE Bu
Apr 7, 2015 • 15:14
Will April Showers Rain on the Wall Street Excuse Parade? – Ep 68
* April Fool's Day and all the fools are buying U.S. stocks * Atlanta Fed GDP Now Estimate for Q1 GDP finally down to zero * Despite the fact that the economy is worse than the 2008 crisis, Wall Street expects a Q2 boom * Last Q2 was boosted by Obamacare spending and inventory build * No data supports wishful thinking that Q2 will stage a comeback * U.S. corporate profits fell despite Wall Street gains * Q4 corporate profits dropped by 3% * Final revision for Q4 GDP held at 2%, weaker t
Apr 2, 2015 • 25:07
If You’re Not Free to Discriminate You’re Not Free – Ep. 67
* Indiana passed a law to prevent lawsuits targeting religious objection * Pressure and feigned outrage from the left wing machine causes Governor to walk back the meaning of the law * The mark of a free society is the willingness to tolerate intolerance * Liberals are the most intolerant of other peoples' intolerance * In a free market there is always someone who wants my business, even if someone else does not * I would rather get the intolerance out in the open, and just avoid that bus
Apr 1, 2015 • 37:52
Since When is Filing a Frivolous Lawsuit Heroic? – Ep. 66
* If an employee sues an employer falsely, the employer has no recourse, because it could be interpreted as retaliation * Ms. Pao lost not only on her discrimination claim, she also lost on claim that she was retaliated against * The big problem is the reaction in the media * The tone in the press is supportive to Ms. Pao, even though she was not telling the truth * She was suing for $16 million - her motive was greed * This is not a "victory for women" - it is a loss * The suit makes em
Mar 31, 2015 • 24:50
The Truth About Gender-Based Discrimination Lawsuit – Ep 65
* Pao v. Kleiner Perkins: there should be no damage even if there was discrimination * The law against discrimination is unconstitutional * Employees are free to discriminate - they can work for whomever they want * Why should an employer then lose that right? * Everyone should be free to deal with the consequences of their choicesPrivacy & Opt-Out: https://redcircle.com/privacy
Mar 26, 2015 • 19:39
Is Bad Economic News Finally Weighing on Stocks? – Ep. 64
* Near 300 point drop in the Dow * NASDAQ down 118 * S&P down 30 points * $1.50 gain in oil and oil stocks up * No significant economic news that would trigger this move * Dollar was not down much lower on day * The 110 level is holding back the euro * Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up * A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4 * The only way
Mar 26, 2015 • 10:37
Economy is Weakening But at Least the Cost of Living is Rising – Ep. 63
* Bad economic news coming in is more a deluge than a trickle * Dollar continuing to drift lower since "patience" was removed * New Zealand Dollar record high against the euro and the Australian dollar * New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment * Swiss franc had a strong day today * Chicago Fed National Activity Index revised down to -.11 * Three consecutive months of declining numbers * Deteriorating numbers reflect pattern similar to pr
Mar 25, 2015 • 24:18
Are Forex Markets Finally Calling the Fed’s Bluff? – Ep. 62
* The Fed removed the word "patience" from their statement while promising patience * We are likely to see weaker employment numbers, further delaying talk of rate hikes * Pundits who failed to foresee the 2008 crisis are now saying the "problem is solved" because they do not understand the problem * The problem is worse now than ever * The Fed caused the 2008 crisis and they are in the process of creating the next, much larger crisis * I have been critical of QE 1,2 and 3 and low interes
Mar 21, 2015 • 29:47
Losing “Patience” Does Not Mean the Fed has Lost Patience
* The Fed released long-awaited FOMC official statement * Indicating they will be more patient without the word "patient" than when they were officially patient * Why take the word away in the first place? * The Fed wants to appear to be moving closer to a destination to which it has no intention of arriving * The Fed is clearly more concerned about the economy today; they reduced growth estimates * Janet Yellen said she will not raise rates until she sees improvement in the labor market
Mar 19, 2015 • 24:30
Dollar Strength Defies U.S. Economic and Stock Market Weakness – Ep. 61
* The Foreign exchange markets continue to ignore the darkening U.S. economic picture * Dollar had best two-week gain since the financial crisis of 2008 * Market exuberance based solely on the jobs report which is an outlier among all other negative news * Why aren't the jobs numbers being questioned? * We have had three consecutive months of declining retail sales * Falling prices are reflecting a lack of demand * The stock market has begun to decline, bracing for Fed rate hikes * Gold
Mar 14, 2015 • 24:02
Markets, Rate Hikes, and Student Loans – Ep. 60
* The NASDAQ 5,000 party ended nearly the day it began * NASDAQ down more than 80 points * Dow Jones down 332 points * Outside reversal week a reliable pattern signaling a downturn * The market believes optimistic non-farm payrolls will trigger Fed rate hike * Dollar hitting new highs * Janet Yellen is the victim of too much success, allowing for rate hike assumptions * All data other than jobs numbers are weak * If we continue along this path, we are heading toward recession * Stock
Mar 11, 2015 • 17:18
U.S. Economy Not Nearly as Strong as Payrolls Suggest – Ep. 59
* February Non-Farm Payrolls Number - 295,000 jobs * Unemployment down 5.5% * Analysts were expecting a miss * Dollar at a new high * Productivity dropped 2.2% * Factory orders fell for the 6th consecutive month * Economic data points only seen during recessions * The Dow closed down - NASDAQ down more * Labor force participation rate is down * Average hourly earnings flat * Number of people not in the labor force at an all-time high * Increase in jobs represents people working more
Mar 7, 2015 • 44:52
Polish Central Bank Joins 2015 Rate Cutting Party – Ep. 58
* Poland became the 21st country to lower interest rates this year * New record low to 1.5% * Polish economy is strongest in three years * Growing faster than the U.S. economy * Policy conundrum: what is inflation target? * Low inflation stimulating Polish economy * Yet Central Bankers look to illogical Keynesian textbooks * Where is the evidence that deflation is undermining the economy? * There is no magical point where a good thing becomes a bad thing * If they overcompensate and w
Mar 5, 2015 • 21:00
This Time It Is Different – It’s Worse – Ep. 57
* First trading day of march - NASDAQ closed above 5000 for the first time in 15 years * Each time the market goes up with crazy valuations, pundits say, "This time it's different." * This time the Fed is under more pressure to create the illusion of prosperity * Today's rally came against the backdrop of weak economic data * The only way this bubble won't burst is if the Fed intervenes with more stimulus * Bubbles force you to make an important decision: * Look like a fool before they p
Mar 3, 2015 • 26:25
Shocking Admission & Denial from Alan Greenspan
* Government released revised estimate for Q4 GDP * Initial estimate was 2.6; revised down to 2.2 * Economic growth dipped from 5% in Q3 to 2.18% in Q4 * PMI was expecting 58.7 but plunged to 45.8, indicating contraction * Alan Greenspan commented that the U.S. economy is weak * Greenspan cites declining U.S. productivity * Points to declining gross domestic savings brought on by entitlement programs * Greenspan refuses to blame Fed policy for productivity and savings declines * He pre
Feb 28, 2015 • 23:43
Fed Might Begin Thinking About Raising Rates at Some Point – Ep. 56
* Janet Yellen's prepared remarks were the most dovish yet * If economy is improving, why do we still need "a high degree of accommodation?" * There is still room for "substantial improvement in the labor market" * Any modification of guidance will not necessarily indicate rate increase * Yellen states lower energy prices is positive for the economy, yet looks for higher inflation * The Fed says outlook is data dependent and the data is getting worsePrivacy & Opt-Out: https://redcircle.c
Feb 26, 2015 • 30:02
Hollywood Hypocrisy and Gender Pay Gap Fiction – Ep. 55
* Patricia Arquette claims that there is a still an unfair gender wage gap in the labor market * If that were true, all employers - male and female - would hire women first, because they are more cost effective employees * But they don't * Women who choose to balance family with career often accept lower-paying positions * Women do not make less money for the same work * They make less money for different work * In Hollywood, youth is an asset for women - for men, not as much. * Male a
Feb 24, 2015 • 29:09
Fed’s Open Mouth Operations Having Complications – Ep. 54
* Two days of bad economic news this shortened week * The Fed still says the economy is recovering * Recent FOMC minutes maintains pretense they can raise interest rates * FOMC members are worried about raising rates "too soon" * The Fed is worried about how to remove the word "patient" from communications * How confident can the Fed be in the "recovery" if they still fear raising interest rates? * The "recovery" was just a bubble masquerading as a recovery * If we had a real recovery
Feb 19, 2015 • 20:31
Investor Confidence Sends Stock Indexes to New Highs – Ep. 53
* Friday 13th was not unlucky for Wall Street * S&P 500 traded to an all-time record high * The Dow closed above 18,000 * NASDAQ at almost a 15-year high * Despite overall trend of weak corporate earnings * Weak economic data does not dampen Wall Street's spirits * Central Banks are behind the surge with excess liquidity * Wednesday - Mortgage Applications plunged 9% * Purchases declined 7% following a 2% decline prior week * 10% decline in Mortgage Refinances * Jobless claims up 25
Feb 14, 2015 • 21:18
I’m Living in an Economic Twilight Zone – Ep. 52
* China announces a record trade surplus * Media reports surplus as bad news for China * Because of the strength of the Yuan, Chinese can buy more imports for less * Chinese consumers purchasing more * Chinese businesses manufacturing more * Contrary to press reports these factors point to a strong economy in China * U.S. has record deficits along with a strong dollar * The short term effect of a strong currency is that trade deficits should go down because imports are cheaper * The f
Feb 10, 2015 • 27:28
Despite Slowing Economy, Job Growth Speeds Up – Ep. 51
* Monthly non-farm employment number beat expectations * Upward revisions to prior months * Average hourly earnings number jumped by .5 * Immediate reaction in the market was swift * Dollar up; gold down * Unemployment up * Labor force participation down among younger workers * Jobs number inconsistent with other weak economic data * Layoffs are up * Government is way off on "jobs lost" data * Yesterday's trade deficit was the largest increase recorded * If our economy were strong,
Feb 7, 2015 • 19:56
Are Forex Markets Finally Acknowledging the Slowing U.S. Economy?
* Volatile day in the markets * Largest decline in Personal Spending since September 2009 * Wages and Salaries gain slowest in 7 months * December ISM Manufacturing Index down to 53.5 * December Employment growth at 7-month low * 2.6% GDP number will likely be revised downward * U.S. Factory Orders declined 3.6% in December * Oil prices triggering momentum against the dollar * The FOREX markets are beginning to acknowledge U.S. economic weakness * QE4 will accompany a budget-busting
Feb 4, 2015 • 30:05
A Dove in Hawk’s Clothing – Ep. 49
* Fed's official statement released yesterday * Received by the market as hawkish, Fed is still reiterates "patience" * The statement noted unguarded optimism about the U.S. Economy * Fed ignored unstable markets, Europe, oil prices and strength of the dollar * Response: the market sold off and the dollar rallied * Gold declined on Fed's expectations * The Fed's underlying goal may be to talk the dollar up and talk the markets down * Strong dollar buys time * Continued "patience" indi
Jan 29, 2015 • 17:24
Weak Earnings and Bad Economic Data Pummel Stocks – Ep. 48
* Wall Street spared blizzard only to be buried in bad earnings and bad economic news * December durable goods down 3.4%; expected to come in at +.7 * Consumer confidence up to 102.9; contrarian indicator * Last time consumers were this confident was in the middle of 2007 * Number will collapse when reality has a violent confrontation with perception * P&G earnings down 31% * Caterpillar warned * Microsoft stock down 10% today * UPS announced they overestimated holiday sales * Busine
Jan 28, 2015 • 35:25
Obama Misstate of the Union – Ep. 47
* The President is taking credit for an economic recovery that is a bubble created by the Fed * Obama voters' salaries are much lower now than when he was elected * We have fewer full-time jobs during Obama presidency * Obama is offering freebies to the middle class, promising to tax the "wealthy" * Getting money that you didn't earn is "fair" * Higher taxes on earned money is "fair" * Capitalism built the middle class * The Government has destroyed the middle class * Obama actually c
Jan 23, 2015 • 10:56
Central Banks Wage War Against Low Prices – Ep. 46
* Big action from the Central Banks this week * Bank of Canada lowered rates from 1% to .75% * The ECB announced the launch of first QE program * The Euro plunged against gold * Central Banks' goal is to raise the level of inflation to guard against falling prices * Falling prices accelerate economic activity * Regulations and taxes slow down economies * QE in Europe lets the politicians escape the consequences of regulations and taxes * QE will send European money abroad * Inflation
Jan 23, 2015 • 23:29
Gold Rally Continues, Yuan/Dollar Peg Explained – Ep. 45
* Biggest 7-day surge in Gold prices since 2011 * U.S. GDP will be lower than in Canada this year * Canadian gold production will rise in 2015 * Gold is rising against most currencies except the Swiss Franc * The IMF still believes the U.S. economy is recovering * Outlook for gold in Australia is also positive * The Yuan will probably be the next peg to go, allowing it to rise against the dollar * The American workforce is being rewarded for incurring large debt to engage in unproducti
Jan 21, 2015 • 22:40
Will China Pull a “Switzerland” on the U.S. Dollar?
* Thursday, January 15, will be remembered as the day Switzerland abandoned its peg to the Euro * The Swiss defended their policy to peg to the Euro, but suddenly reversed, limiting their losses * They admitted they were wrong * Although the Swiss stock market went down in their currency, it was up in every other currency * Gold is up against everything except the Swiss franc * The news in the Swiss market will be a tremor compared to the earthquake if the Chinese abandon their peg both
Jan 17, 2015 • 24:28
Switzerland Loses Currency War Swiss Win – Ep. 44
* The Swiss people have given up the inflation ghost to win the currency war * Media reports negative on the news: "silly decision" * Oil down against the Swiss Franc * Swiss stocks up in U.S. dollars * Wall Street expects Eurozone QE, but without Swiss, QE might be less likely * Gold up against other currencies * Franc surging in value against the dollar * This move may signal economic reform * Unfortunately Janet Yellen is not going to get this memo * Volatility from Swiss move is
Jan 15, 2015 • 17:02
Denial Runs Deep From Wall Street To Bitcoin – Ep 43
* 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
Jan 15, 2015 • 33:00
Jobs Up But Earnings and Participation Down – Ep. 42
* December jobs report up; unemployment down * Average hourly earnings dropped * Labor force participation hits new low, except for older Americans * Fewer young workers supporting the Social Security system * Most credit comprised of student loans and auto loans * Auto delinquencies highest since 2008, indicating a bubble * Obama's plan to make community college free will further inflate costs * Charles Evans calls for more inflation before raising interest rates * Denies relationship between
Jan 11, 2015 • 21:31
Gold Breaks Out, Stocks Break Down – Ep. 41
* World markets left the gates weak on first full trading week of the year * Catalysts: Declining oil prices and Greece's potential Eurozone exit * The Euro has gone sideways against the dollar for 9 years * The U.S. stock market will decline until the market believes rate hikes are off the table * U.S. will not experience accelerating growth in 2015 * Evidence shows the home market is not strengthening * Young entrepreneurship at a 20-year low * Falling oil prices are a symptom economy
Jan 6, 2015 • 22:19
As The New Year Begins, Will The Recovery End? – Ep. 40
* Falling unemployment trends seem to be over * PMI "unexpectedly" drops to 53.9% * Construction spending "unexpectedly" fell .3% * December ISM fell to 55.5 * Draghi's comments at ECB sparked U.S. Dollar rally despite weak data * Eurozone QE not likely * 2014 was a flat year for gold, despite bad press * Dollar price based on higher interest rate expectations * Price of gold has tripled since 2005 * Gold mining costs rise with inflation * The real bubble is the confidence in centr
Jan 4, 2015 • 35:25
Christmas Snow Job on Wall Street – Ep. 39
Christmas Snow job on Wall Street * Dow ended Christmas Eve Day above 18,000 for second day * Catalyst was bigger than expected revision to Q3 GDP to 5% * Big disconnect between economic performance and expectations * Consumer spending up mostly on healthcare * Inventory increases in expectation of future sales * Data for Q4 is lower * Home sales continue to dropPrivacy & Opt-Out: https://redcircle.com/privacy
Dec 25, 2014 • 26:27
SNB Takes Snap From The Fed And Markets Run With The Ball – Ep. 38
SNB Takes Snap From The Fed And Markets Run With The Ball * Negative deposit rates in Switzerland send U.S. stocks up 420 points. * Two-day Wall Street rally over 700 points on nothing but Central Bank inflation * Swiss move triggers QE speculation and higher gold prices * Janet Yellen merely suggested the economy is strong enough to raise rates in the future * Meanwhile, economy is slowest since last FebruaryPrivacy & Opt-Out: https://redcircle.com/privacy
Dec 19, 2014 • 22:47
Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her – Ep. 37
Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her - Ep. 37 * FOMC wrapped up meeting with Yellen press conference * Most people expected "considerable time" to be dropped * Bloomberg believes "considerable" dropped in favor of "patience" * The Fed didn't change anything * The Fed didn't actually say anything * Markets up on Yellen's optimistic non-news * Why wait to raise interest rates? * The longer the Fed waits to raise rates, the more painful it will be for the econ
Dec 18, 2014 • 25:18
You Know the Bubble’s About to Pop When Jim Cramer Gives Germany Economic Advice – Ep. 36
You Know the Bubble's About to Pop When Jim Cramer Gives Germany Economic Advice Ep. 36 * Oil and Russia viewed to be at the epicenter of this week's market chaos * Why is the oil price dropping? The market anticipates a drop in demand due to global recession * Winding down of QE triggering market instability * Economic data still pointing to weakness * Russia raised interest rates to 17% * Ruble crisis is a "dress rehearsal" for the dollar crisis * Our currency crisis will be worse bec
Dec 17, 2014 • 24:49
Yellen’s Recovery is as real as George ‘s Beach House Ep. 35
Yellen's Recovery is as real as George Costanza's Hamptons Beach House Ep. 35 * Volatile Friday followed by Monday rally trend * The stock market has rallied very high very fast with little technical support. * The gold market had its best week relative to equities. * Only a dozen markets have beaten gold this year. * Rally started with Michigan Consumer Sentiment assisted by Dodd/Frank revisions. * The dollar was mixed at Friday close. * The oil market is indicative of the Fed's movemen
Dec 13, 2014 • 30:22
Was the U.S. Oil Boom Just Another Fed Inflated Bubble and is it Contained? Ep. 34
Was the U.S. Oil Boom Just Another Fed Inflated Bubble and is it Contained? Ep. 34 * If oil goes down to $35/barrel we will not be able to produce oil for export at that price. * It is no accident that oil prices are dropping as the Fed is ending QE. * What are the implications for the U.S. Economy if the Oil Bubble bursts? * Good jobs in the industry sector will go away. * Oil sector business loans will default * Investors will lose money. * The fallout will be bigger than the dot com b
Dec 12, 2014 • 19:53
Much Ado About Nothing and Economic-Policy Truthers Ep. 33
Much Ado About Nothing and Economic-Policy Truthers Ep. 33 * Catalyst for the rally was the Retail Sales Report * Cars represent the largest part of the gain * Any slight good news is overblown * Bad news is ignored * Economy is not driven by spending * Economy is driven by savings and production * Gold stable and up on the year against the dollar * Those who question the Government's numbers are being called "Truthers"Privacy & Opt-Out: https://redcircle.com/privacy
Dec 12, 2014 • 23:53
Tax Loss Selling in Bitcoin Ep. 32
Tax Loss Selling in Bitcoin Ep.32 * In 2014 Bitcoin was the worst-performing financial asset * Spending bitcoins triggers a taxable event * Spending or selling at a loss also reflects on your taxes * This holiday season, harvest tax losses while shopping * Write-off could exceed value of gift * You can also buy bitcoins back at a savings from original cost if you wait 30 days * Buy Gold and Silver while harvesting tax lossPrivacy & Opt-Out: https://redcircle.com/privacy
Dec 10, 2014 • 20:35
Fannie and Freddie Guarantee Bigger Losses
* U.S. Taxpayers will be forced to guarantee mortgages with 3% down * Qualifiers are low-income or have not owned a home for 3 years * Government is spinning this as "prudent" * Buyers have very little skin in the game * If real estate prices plummet, walking away is an easy choicePrivacy & Opt-Out: https://redcircle.com/privacy
Dec 10, 2014 • 12:25
Does Market Volatility Portend a Change of Trend? Ep. 30
* Stock market roller coaster ride this week * Chinese market plummets * Forex markets: Yen rallies after 7-year low * The Swiss may discourage the EU against QE * Unwarranted U.S.optimism as negative data is ignored * Gold and Silver strong despite bad press * Gold outperforming the Russel 2000 * Deficit in Manufactured Goods hit all-time high * China reports record trade surplus Privacy & Opt-Out: https://redcircle.com/privacy
Dec 10, 2014 • 20:15
Draghi Said ECB Considered Buying Every Asset Except Gold: Ep. 29
* What is the goal of the "Inflation Mandate? * What is the exact number of the mandate? * If the real mandate is "less than 2%" they're already there * The European economy is expecting another QE, but I don't expect it. * How they plan QE if they don't know what they are going to buy? * Draghi cites success of U.S. QE, but the Fed has not shrunk its balance sheet. * They discussed buying all assets except gold because this would highlight failure of QE Privacy & Opt-Out: https://redci
Dec 4, 2014 • 25:14
Media Spins Horrible Holiday Sales as Reflecting Economic Strength: Ep. 28
Media Spins Horrible Holiday Sales as Reflecting Economic Strength: Ep. 28 * This holiday shoppers had more shopping hours * 5% less traffic than last year * 11% less money spent than last year * The economy can't support robust holiday sales * Despite big drop in gas prices * Privacy & Opt-Out: https://redcircle.com/privacy
Dec 1, 2014 • 24:43
Black and Blue Friday for Oil Producers and Gold Miners: Episode 27
Black and Blue Friday for Oil Producers and Gold Miners: Episode 27 * Oil and gold stocks down * OPEC announced no decline in oil production * Crude trading below $66/barrel * Bump to the Dollar * Mining sector takes a hit * Gold down * A no vote on Swiss Gold initiative bullish for gold Privacy & Opt-Out: https://redcircle.com/privacy
Nov 30, 2014 • 35:51
Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26
Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26 Missing expectations on all economic indicators * Chicago Fed index .14 * PMI flash services 56.3 * Dallas Fed Manufacturing 10.5 * Case Shiller Index slows down to 4.9% * Consumer Confidence number down to 88.7M * Oil prices continue to fall * Big drop in Richmond Fed 75% below estimate * Optimism fueled by debt, consumption and bubbles Privacy & Opt-Out: https://redcircle.com/privacy
Nov 26, 2014 • 28:19
The Real Outrage in Ferguson is the Reaction Not the Verdict
The Real Outrage in Ferguson is the Reaction Not the Verdict: Episode 25A * Riots are not the caused by the Grand Jury * The Grand Jury's statement did not address Michael Brown's culpability * All evidence points to officer's innocence * Media fears addressing Michael Brown's violent behavior * Young men are not raised to respect the law * This will happen again because there is no recourse to violence and false witnessPrivacy & Opt-Out: https://redcircle.com/privacy
Nov 25, 2014 • 17:24
Paul Krugman Runs Premature Victory Lap: Episode 24A
Paul Krugman runs premature victory lap: Episode 24A * Assumes that money-printing works because there is "no inflation" * Krugman's cure for the stock market bubble was the real estate bubble * The test is when the printing presses stop Privacy & Opt-Out: https://redcircle.com/privacy
Nov 25, 2014 • 17:28
SchiffRadio Podcast Episode 24
Big News out of the Central Banks * U.S. FOMC * Primary concern - inflation is too low * no policy to "correct" the problem * Preparing markets for additional stimulus * Japanese Central Bank Doublespeak * Japanese sales tax hike postponed * Continued calls for more inflation * Why is sales tax is different than inflation? * Euro Decline * Mandating "stability" by increasing inflation? * Chinese Central Bank * Cut interest rate to 5.6% * Money flows to the dollar as a
Nov 22, 2014 • 31:41
SchiffRadio Podcast Episode 23
Episode 23: Going to Extreme to Prove a Point: Two articles about Peter Schiff: * MarketWatch - writer refused to address corrections before going to print except for my official title - The point of my forecasts is to help people avoid problems ahead of time - I did not call for a stock market crash; I predicted QE4 - The Fed can prevent a Dollar Crisis - I said hyperinflation is unlikely, but a possibility * New Republic - Writer quotes selectively from a Reason article to prove his own
Nov 21, 2014 • 27:40
SchiffRadio Podcast Episode 22
Episode 22: Lessons from the Michael Brown Case: * Don't rob a convenience store. * Don't rob a convenience store while high. * Don't be conspicuous after robbing a convenience store while high. * If a policeman then stops you, obey the policeman. * Do not try to take the policeman's gun away from him. * But if you get shot in the hand going for the gun and run away, do not charge the policeman when he says, "freeze!" * The political narrative hides the real problem: unhealthy family lif
Nov 20, 2014 • 21:31
SchiffRadio Podcast Episode 21
Episode 21: BoJ Seems to relieve Consumers' Struggle With Rising Prices by Creating More Inflation * Investors & Economists shocked to learn that Japan is officially in recession * Instead of a 2.1 rebound, there were back to back declines - a huge miss. * Economists cry "More Stimulus!" * Abe admits rising prices hurt the economy, contrary to inflation "Goal" * The theory that rising prices stimulate the economy is proving wrong in Japan, Russia and the U.S. Privacy & Opt-Out: https://r
Nov 19, 2014 • 26:25
SchiffRadio Podcast Episode 20
Episode 20: Explosive Daily Upside Reversal in Gold Portends Potential Bottom * Weekly jobless claims higher than expected * Fewer people in the workforce * Job openings declining * Consumer sentiment survey at 7-year high? * false confidence in the economy due to oil prices * QE4 will be the mother of all QE * Gold and silver market reversal on Friday * Silver stocks up $4% * Gold stocks were up 6% Privacy & Opt-Out: https://redcircle.com/privacy
Nov 17, 2014 • 20:24
SchiffRadio Podcast Episode 19
Episode 19: Low-Paying Jobs And Student Debt Undermining Marriage * There are more single Americans than ever * Job quality and debt are disincentive to marriage * Government policy promotes generations of single mothers * Two out of every five mothers are single * If the economy is getting better, why is this happening? Privacy & Opt-Out: https://redcircle.com/privacy
Nov 13, 2014 • 14:37
SchiffRadio Podcast Episode 18
Episode 18 Synopsis * Obamacare architect Jonathan Gruber admits fraud promoting Obamacare: * "They proposed it and that passed, because the American people are too stupid to understand the difference." * Administration's argument to Supreme Court about constitutionality of Exchanges claims "typo" * The average American may not be able to make decisions for others, but they know what is best for themselves Privacy & Opt-Out: https://redcircle.com/privacy
Nov 13, 2014 • 20:30
SchiffRadio Podcast Episode 17
Episode 17 Synopsis * Japanese yen fell to 7-year low * A result of Abenomics * Speculation that planned increase of sales will be delayed * price moving with strength of dollar * Chinese Yuan up vs Yen and euro * Next few months may expose Fed's false narrativ Privacy & Opt-Out: https://redcircle.com/privacy
Nov 12, 2014 • 10:25
SchiffRadio Podcast Episode 16
Episode 16 Synopsis: * Looking under the 5.8% unemployment number headline * Biggest increase was in food service * Labor force participation rate is low * Employment costs are high * Gold & gold stocks rally * European markets encouraged by Mario Draghi's stimulus talk * If the economy disappoints, U.S. may look toward stimulus, too Privacy & Opt-Out: https://redcircle.com/privacy
Nov 8, 2014 • 30:35
SchiffRadio Podcast Episode 15
Episode 15 Republican victory a reality only because recovery is a fantasy Privacy & Opt-Out: https://redcircle.com/privacy
Nov 6, 2014 • 26:36
SchiffRadio Podcast Episode 14
Episode 14 The U.S Recovery is as Real as Ireland is a Part of the U.K.Privacy & Opt-Out: https://redcircle.com/privacy
Nov 6, 2014 • 29:57
SchiffRadio Podcast Episode 13
Episode 13 Synopsis: Treats on Wall Street Equal one Big Trick. Belief that QE worked sparks optimism: * New record high in Dow Jones & S&P * NASDAQ highest since 2000 * Dollar index closed at a 4-year high * Yen at a 6-year low * Gold/Silver prices at a 4-year low * Gold Stocks at a 10-year low or more Privacy & Opt-Out: https://redcircle.com/privacy
Nov 6, 2014 • 28:21
SchiffRadio Podcast Episode 12
Episode 12 Synopsis: Greenspan's QE Criticism Too Little Too Late * FOMC declares "substantial improvement" in economy. * Does this narrative reflect the best possible spin or ignorance? * Behind the 3.5% GDP number: * Deflator - 1.3% indicates decrease in inflation. * 4.6% surge in gov't spending * Big drop in trade deficit resulting from drop in crude oil prices adds 1.3% to GDP Privacy & Opt-Out: https://redcircle.com/privacy
Nov 2, 2014 • 34:57
SchiffRadio Podcast Episode 11
Episode 11 Synopsis: Where is the Apology? Preview of the Michael Brown Grand Jury case does not support liberal media's narrative. * The officer knew that Michael Brown had just robbed a convenience store. * The bullets entered Michael Brown from front as he was approaching the officer. * Blood evidence on Michael Brown indicates he was moving toward the officer. * Wounds in upper arm indicate he did not have his arms in the air. * Michael Brown was shot in his thumb at extremely close r
Nov 2, 2014 • 38:21
SchiffRadio Podcast Episode 10
Episode 10 Synopsis Hillary's Fractured Economic Theory: * Raising the minimum wage will create jobs. * Businesses don't create jobs; the government creates jobs. * Regan Economics "failed spectacularly". * Clinton's economy was based on "arithmetic", not a bubble. Privacy & Opt-Out: https://redcircle.com/privacy
Oct 31, 2014 • 20:02
SchiffRadio Podcast Episode 9
Episode 9 Synopsis * Deflation Spin Cycle: Peter debunks recent articles "redefining" deflation. * QE Infinity: Brandeis economics professor predicts the Fed doesn't need an exit strategy. Privacy & Opt-Out: https://redcircle.com/privacy
Oct 29, 2014 • 21:18
SchiffRadio Podcast Episode 8
This week, we're releasing a series of podcasts to get current information out on a more basis. We appreciate your feedback on this new format. Episode 8 Segment 1: * Contrary to GDP number, consumers are still struggling. Privacy & Opt-Out: https://redcircle.com/privacy
Oct 28, 2014 • 13:26
SchiffRadio Podcast Episode 7
Episode 7 Synopsis * More deflation/inflation propaganda * The Fed prefers inflation because at least they know how to fight it * Money printing in Venezuela* Bloomberg warns Yellen not to follow Sweden's example * Obamacare premiums going up after the election* Mark Cuban's plan to limit student loans * Wells Fargo employee demands $10,000 raise for himself and other employees * British Minister under fire for suggesting intellectually disabled should be able to work for less than minim
Oct 21, 2014 • 2:12:52
SchiffRadio Podcast Episode 6
Episode 6 Synopsis * Big downside moves in global equity markets * U.S. stock market trends * Gold moves upward * U.S. Dollar weakness * A detailed analysis of this month's FOMC minutes * Share buybacks and other artificial boots to the stock market * More Obamacare blowbacks against the job market and employee healthcare * The straight story on misleading reports on the economy * How California labor law put a vineyard out of business * Interview with Paypal co-founder Peter Thiel
Oct 21, 2014 • 2:20:33
SchiffRadio Podcast Episode 5
Episode 5 Synopsis: * Debunking Ned Davis' predictions on gold * Chicago Fed president Charles Evans hints that the Fed can't raise interest rates * Alan Greenspan gives Fed a pass on CNBC * Brokerage houses hit by FINRA arbritation results * Eurozone low inflation 'scare' * Collapse in Fannie and Freddie stock * The numbers behind the weekly economic data Privacy & Opt-Out: https://redcircle.com/privacy
Oct 6, 2014 • 2:24:50
SchiffRadio Podcast Episode 4
Episode 4 Synopsis * Launch of the iPhone 6 * Surprising employment arbitration results * Housing market rolls over * Hotel minimum wage * World Bank head claims that QE worksPrivacy & Opt-Out: https://redcircle.com/privacy
Sep 28, 2014 • 2:23:15
SchiffRadio Podcast Episode 3
SchiffRadio Podcast Episode 3 Synopsis: * FOMC: Janet Yellen's official statement and her response to her Q&A, later in the day * Market reaction to Yellen's statement, and the "walk" vs the "talk". * The Ali Baba IPO * The breakdown in the price of Bitcoin * My crazy email exchange with CNBC's Joe Kernen * Scotland votes to remain in the UKPrivacy & Opt-Out: https://redcircle.com/privacy
Sep 21, 2014 • 2:04:49
SchiffRadio Podcast Episode 2
SchiffRadio Podcast Episode 2 Synopsis * Economic Data - More weak data * Purchase applications index declined by 7.2% - biggest decline in 14 years * Treasury yields slightly up for the week * Retail sales up - Buying more or paying more? * auto purchases with cheap money * inflation not taken into account * Auto loans increasingly delinquent * Fed Policy * I'll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as pr
Sep 15, 2014 • 2:03:24
Schiff Radio Podcast Episode 1
Schiff Radio Podcast Episode 1 Synopsis: * Wall Street foolishly dismisses August's horrible Jobs Report * ECB cuts rates in misguided push for higher inflation. * "Shrink-flation," what is it and why those using the term still don't get it. * Implications of Switzerland's coming gold reserve vote . * Protesting Fast food workers determined to put themselves out of work. * Does Alibaba's biggest IPO in history shows portent more interest in foreign stocks? * Countrywide's Anthony Mozilo
Sep 9, 2014 • 1:52:39