• U.S. Consumers More Reliant Than Ever on Foreign Producers - Ep 987
    Oct 30 2024

    Kamala Harris' election odds, Trump's market impact, economic data, job reports, consumer confidence, and record-high gold.


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    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 the polls, and the weak job market, emphasizing that the economic data contradicts the portrayal of a strong economy by the media. Peter discusses the trade deficit, consumer confidence, and the implications of the Biden administration's policies. He also explores the effects of potential tariffs, tax cuts, and deficits on inflation and suggests that investor behavior towards gold mining stocks and Bitcoin signals broader economic trends. Peter expresses dissatisfaction with the Puerto Rican government's actions regarding his bank and hints at future revelations. This episode provides a detailed analysis of the interplay between politics and economics and serves as a call to think critically about the upcoming election and its impact on the economy.


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    Timesstamps:

    01:03 Introduction and Market Update

    01:42 Gold and Silver Price Surge

    04:45 Impact of Fed Rate Cuts

    07:24 Economic Indicators and Job Market Analysis

    08:35 Inflation and Bond Market Dynamics

    10:39 Gold Market Trends and Predictions

    26:47 Trump's Influence on Markets

    33:16 Understanding Direct and Indirect Taxes

    33:53 Trump's Tariffs and the BRICS Summit

    34:39 Impact of Tariffs on the Dollar

    36:44 Global Shift Away from the Dollar

    43:30 Paul Tudor Jones on Inflation and Debt

    48:57 The Looming Debt Crisis

    57:48 Conclusion and Final Thoughts



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    53 mins
  • Dismantling the Dollar Brick by Brick - Ep 986
    Oct 25 2024

    Gold Market Insights, Dollar Debate, and Trump's Tax Proposals


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    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 strong earnings, critiques market reactions, and evaluates potential highs for gold stocks. Schiff scrutinizes Trump's tax proposals, illustrating their impracticality due to extensive government spending and misconceptions about tariffs. He offers perspectives on the US dollar's potential crash following a period of rally, emphasizing the global shift towards gold for stable international trade. Schiff also debates the benefits of a gold standard, insights into rising treasury yields, labor costs, and currency fluctuations. Additional topics include critiques of government policies such as the FTC's 'click-to-cancel' rule, and a call to prioritize free market principles for economic health.


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    00:00 Introduction and Opening Remarks

    01:35 Upcoming New Orleans Investment Conference

    04:03 Gold and Silver Market Analysis

    06:11 Newmont Mining Earnings Report

    13:56 Investment Opportunities in Gold Stocks

    20:28 US Treasury Yields and Janet Yellen's Remarks

    26:04 Trump's Tax Proposals and Historical Context

    29:04 The Evolution of Payroll Taxes

    29:47 Trump's Misunderstanding of Tariffs

    31:24 MicroStrategy and Bitcoin

    33:38 Debating the Future of the Dollar

    40:02 The BRIC Summit and Dollar Alternatives

    45:56 Government Meddling in Subscriptions

    52:00 Labor Market Regulations in the UK

    56:49 Conclusion and Final Thoughts


    #GoldMarket #USeconomy #FederalReserve



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    55 mins
  • Gold and Silver Are Poised to Melt Up - Ep 985
    Oct 23 2024

    Gold rises, Fed policies, inflation, QE, Trump, Bitcoin, BRICS, debt.


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    Peter 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 critiques of mainstream media narratives about the economy's strength. Schiff argues that underlying economic conditions are weaker than reported, leading to higher inflation and growing budget deficits. He touches on the sell-off in U.S. treasury bonds, the BRICS Summit's implications for the dollar, and the illusion of wealth created by inflation. Schiff analyzes Donald Trump's economic policies, including the potential for a 'Trump dump' on Bitcoin and the harms of new tax schemes and tariffs. He concludes by advocating for an honest default on debt to avoid hyperinflation, highlighting the need for realistic economic solutions to manage the impending crisis effectively.


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    01:03 Introduction and Market Update

    01:42 Gold and Silver Price Surge

    04:45 Impact of Fed Rate Cuts

    07:24 Economic Indicators and Job Market Analysis

    08:35 Inflation and Bond Market Dynamics

    10:39 Gold Market Trends and Predictions

    26:47 Trump's Influence on Markets

    33:16 Understanding Direct and Indirect Taxes

    33:53 Trump's Tariffs and the BRICS Summit

    34:39 Impact of Tariffs on the Dollar

    36:44 Global Shift Away from the Dollar

    43:30 Paul Tudor Jones on Inflation and Debt

    48:57 The Looming Debt Crisis

    57:48 Conclusion and Final Thoughts


    #GoldMarket #Inflation #EconomyPrediction



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    56 mins
  • Investors and Gamblers Are Betting on Trump - Ep 984
    Oct 15 2024

    Stock and Bitcoin trends, Fed's influence on metal prices, policy impacts on economy, and tariff effects on manufacturing.


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    Peter 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 Donald Trump's rising poll numbers and potential tax cuts. He critiques the Federal Reserve's rate cuts and their long-term implications on interest rates and the U.S. dollar. Peter dives into the disconnect between rising long-term interest rates and stable gold prices, and highlights the growing interest in Bitcoin among traders.

    He also scrutinizes Kamala Harris's faltering poll numbers and her economic proposals, arguing against government intervention in business funding and advocating for free-market solutions. Delving deeper, Peter discusses the negative impact of tariffs and the decline of American manufacturing, urging for deregulation and tax cuts. Concluding with a discussion on the hidden costs of tariffs, taxes, and government spending.


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    Timestamps:

    • 00:00 Introduction and Orlando Money Show Announcement
    • 01:51 Market Trends and New Highs
    • 02:42 The Trump Trade and Bitcoin
    • 09:38 Gold and Silver Market Analysis
    • 17:48 Oil Prices and Political Influence
    • 20:46 African American Vote and Political Strategies
    • 33:31 The Flawed Business Model
    • 33:52 Unconstitutional Programs and Racial Criteria
    • 36:34 The Problem with Government Funding
    • 38:44 Occupational Licensing Laws
    • 42:34 Tariffs and Economic Misconceptions
    • 45:58 The Decline of American Manufacturing
    • 51:12 The Real Impact of Tariffs
    • 53:58 The History and Consequences of Taxation
    • 57:32 Conclusion and Final Thoughts


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    55 mins
  • You Can’t Depend on Politically Crafted Government Data - Ep 983
    Oct 11 2024

    Critiquing job reports. Questioning the Fed. Scrutinizing data. Inflation methods. Political motives. State preparedness.


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    Schiff 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 on interest cuts, given what he considers unreliable government data. Schiff delves into the complexities of inflation reports, expressing skepticism on the methodologies for calculating inflation and unemployment. He also addresses the political motivations behind such statistics. Emphasizing Milton Friedman’s perspective, Schiff highlights government spending as the true measure of taxation and inflation. Additionally, he critiques the inefficiencies of FEMA and advocates for state-level emergency preparedness. Schiff touches on his wife's new music project and encourages support for her band, 'Laughing Cats.' The episode wraps up with Schiff’s comments on upcoming content and a holiday observance note.


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    58 mins
  • Government Hiring Spree Means Higher Taxes and Inflation - Ep 982
    Oct 5 2024

    The September Jobs Report: A Deeper Dive into Government Hiring and Market Implications


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    Peter unpacks the September jobs report, highlighting the surprising surge in government hiring amidst looming elections. He questions the authenticity and timing of these figures, suggesting political motivations behind the data boost for the Biden-Harris administration. Peter contrasts private versus government job creation, explaining the economic implications of these new roles funded by taxpayers. As he laments the service sector's dominance and the fading strength of manufacturing, he predicts post-election job revisions. Peter also advises against broad faith in market indicators and reiterates the urgency of investing in gold and silver stocks, casting a skeptical eye on Bitcoin's faltering performance compared to gold. Overall, he stands firm against superficial economic narratives, advocating for practical investment strategies informed by a realistic outlook.


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    Timestamps:

    00:42 Jobs Report and Political Implications

    04:18 Analyzing the Jobs Data

    09:57 Government vs. Private Sector Jobs

    14:53 Economic Consequences of Government Hiring

    25:08 Labor Market Developments and Automation

    32:51 Employer Liability and Automation

    34:22 Market Reactions and Fed Rate Cuts

    36:20 Oil Prices and Inflation Concerns

    37:51 Manufacturing Recession and Service Sector Strength

    45:49 Gold and Silver Market Dynamics

    52:59 Emerging Markets and Investment Opportunities

    54:23 Bitcoin's Bear Market Analysis

    57:28 Conclusion and Final Thoughts


    #jobsreport #governmentjobs #inflation



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    55 mins
  • Government Stimulus Is Inflation in Disguise - Ep 981
    Sep 28 2024

    Gold reaches record highs, silver follows. Market reactions, inflation concerns, Fed's policies, and economic predictions


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    Peter 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 elaborates on the significant data from the Fed's favorite inflation measure, the core PCE, revealing how it misrepresents the true state of inflation. Peter also explains why the Fed's strategy is misguided and suggests that persistent inflation will lead to an eventual return to QE. He ties in how geopolitical moves, like China's recent stimulus announcement, and domestic factors, including Saudi Arabia's oil production strategy, influence market dynamics. Furthermore, Peter argues for the importance of investing in gold and silver as he predicts a substantial increase in their value due to ongoing economic missteps by the Fed.


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    53 mins
  • Fed Caves With Aggressive Rate Cut - Ep 980
    Sep 19 2024

    FOMC Rate Cut Analysis: Fed's Decision, Market Reactions, and Economic Realities

    Peter 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, their implications for future fiscal policies, and the potential consequences for the U.S. dollar, interest rates, and the overall economy. He highlights the ongoing issues with the national debt and the risks of price controls. Additionally, Schiff advises on investment strategies, including gold, silver, and international equities, amid the anticipated economic downturn.


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    01:39 Market Reactions and Predictions

    02:36 Inflation and Price Controls Discussion

    05:11 Trump's Economic Policies and Price Controls

    08:53 Interest Rates and Economic Indicators

    16:37 Fed's Rate Cut and Market Impact

    28:19 Questioning the Strength of the Economy

    29:01 The Fed's Balance Sheet Dilemma

    30:01 Historical Perspective on Interest Rates

    33:33 The Recession and Rising Interest Rates

    38:27 Trump's Economic Promises and Criticisms

    47:13 Preparing for the Economic Collapse

    51:09 Investment Strategies for the Future

    53:09 Conclusion and Final Thoughts


    #FOMCMeeting #InterestRates #EconomicOutlook



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    54 mins