SchiffGold Friday Gold Wrap Podcast

President Trump launched Tariff War 2.0 yesterday. And we haven't even wrapped up Trade War 1 yet. The president shocked markets when he announced a 5% tariff on all Mexican products in an effort to force Mexico to do more to stop the flow of illegal immigration into the US. In this episode of the Friday Gold Wrap, host Mike Maharrey gives you the details and talks about the impact of these new ta...

There is plenty of debate about tariffs right now. A lot of people oppose them because they support free trade. A lot of people support them because they believe they protect US industry. Others think tariffs are a great tool to force other countries - specifically China - to engage in fair trade. In today's Friday Gold Wrap podcast, host Mike Maharrey argues that no matter what you think about ta...

The markets have been up and down this week, riding the trade war roller coaster. And analysts can't seem to decide if the data of the day is telling us that the economy is sound or slowing. But we do know one thing for sure - there is a lot of debt out there, and there are signs that it might be catching up with us. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks student...

We’ve seen growing support for a universal basic income or UBI. In a nutshell, the government would pay every citizen a set amount of money without any means testing or work requirement. Democratic Party presidential candidate Andrew Yang has made UBI a central issue in his campaign. Under his plan, every American over the age of 18 would get $1,000 per month, guaranteed. This sounds great, doesn’...

Trump has leveled a lot of criticism at the Federal Reserve over that last several months. This has led some people to proclaim that the president is an enemy of the Fed. But as Mike Maharrey explains in this week's Friday Gold Wrap podcast, Trump is no Ron Paul. The president's beef with the Fed is more about policy and less about the central bank itself. And we should never forget -- policy has...

The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing. We're stuck in neutral. As expected, there was no rate hike. Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates. So, why in the world did markets react like the Fed just jacked up...

The mainstream pundits and economists keep telling us inflation is "tame." But is it really? Or are they just not looking in the right place? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about inflation and how it factors into the bubble economy. He also covers the week's activity in the gold market and gives you your daily dose of dumb. Visit the show notes page here: https:/...

Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed's monetary heroin has fully taken hold. And it's not just in the US. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about how central bank monetary policy and government economic stimulus is impacting e...

Gold has been rangebound for months, gyrating up and down around the $1,300 mark. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about this "wash, rinse, repeat" cycle we're seeing in the precious metals markets and then pivots into a discussion of some more fundamental dynamics. Mike touches on the financial condition of the US federal government, surging central bank demand fo...

In this week's Friday Gold Wrap, Mike Maharrey covers some more bad signs in the economy, including rising oil prices, an unexpected drop in retail sales and a surge in negative-yielding government bonds. At best, it looks like the economy is slowing down. Or it could be the prelude to the next crisis. This raises an important question: who's going to save us? Mike suggests we probably shouldn't b...

The federal government set an all-time record budget deficit in February. And this is with a Republican in the White House. The GOP is supposed to be the fiscally responsible party. In this episode of the Friday Gold Wrap, host Mike Maharrey offers some interesting analysis that reveals spending money in Washington DC is really a bipartisan sport. He also talks about Thursday's selloff in gold and...

Bill Greene's biggest claim to fame is spurning Donald Trump and voting for Ron Paul as a member of the electoral college in 2016. But Bill is more than just a "faithless elector." He's an assistant professor of political science at South Texas College, and an expert on "constitutional tender" and sound money. In this edition of It's Your Dime, host Mike Maharrey talks to Bill about his experience...

The Fed wrapped up another FOMC meeting this week and came out even more dovish than expected. Rate hikes are off the table in 2019 and the central bank now only expects one hike in 2020. In his episode of the Friday Gold Wrap, host Mike Maharrey talks about the meeting and the dirty little secret Reuters let slip out. The goal here is to get you to spend more money and keep the bubble full of air...

Federal Reserve Chairman Jerome Powell appeared on 60 Minutes last Sunday to reassure us that the US economy is great. There's nothing to worry about. So, why the sudden reversal in monetary policy? According to Powell, the Fed is just worried about slowing global growth. But as Mike Maharrey discusses in this week's Friday Gold Wrap, it's pretty clear the real problems are right here in the good...

Central bankers and politicians think they can run the economy. They can't. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into some fundamental economic theories that explain why these central planners will always fail, no matter how noble their intentions. Visit the show notes page here: https://bit.ly/2TI0kYk Tune in to the Friday Gold Wrap each week for a recap of the week’s...

Eric Peters is known as "the libertarian car guy." But even if you aren't particularly interested in automobiles, you'll want to listen to this interview. Mike Maharrey and Eric not only talk about what's going on in the auto market - an important economic barometer - but they also cover a range of topics from the Green New Deal, to electric cars, to the nanny state. TOPICS DISCUSSED  Auto mandate...

Jerome Powell went to Capitol Hill this week and continued to preach patience. In other words, the Powell Pause is still firmly in play. In fact, the Fed chair confirmed that balance sheet reduction is a done deal. But why this sudden patience? In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks about it. He also covers the Q4 GDP report, reveals some more bad economic data and re...

Gold pushed up against a significant resistance level this week and then sold off after the minutes from the Federal Reserve meeting last month came out. Suddenly, after proclaiming the rate tightening cycle over for weeks, the pundits suddenly see a more hawkish Fed and the possibility of a rate hike this year. What's up with these mixed signals? In this edition of the Friday Gold Wrap podcast, h...

America has borrowed itself into oblivion. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the massive levels of debt, how it relates to Fed policy and where this road is leading. He also covers some not so good news on the economy that came out this week and the latest indication that Fed interest rate hikes are a done deal. You can visit the show notes page here: https://...

The Democrats led by Alexandria Ocasio-Cortez rolled out their "Green New Deal," this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the political and economic ramifications. He also tells you about how Janet Yellen sounded just a tiny bit like Peter Schiff this week. Plus, as always, the latest news in the gold market. You can visit the show notes page here: https:/...

The Federal Reserve held its Open Market Committee Meeting this week and it looks like the Powell Put is on in full-force. In this episode of the Friday Gold Wrap, Mike Maharrey talks about the Fed's uber-dovish tone and what might be coming down the road. He also touched on the ever-climbing federal budget deficits and offered a quick overview of 2018 gold demand. You can visit the show notes pag...

The US government is closed! Or so we're told. But is it -- really? Mike Maharrey talks about the shutdown in this week's Friday Gold Wrap podcast. He also covers the latest gold news, the European Central Bank's policy meeting and an interesting announcement from China. You can visit the show notes page here: https://bit.ly/2RjdYfe Tune in to the Friday Gold Wrap each week for a recap of the week...

Peter Schiff gets a lot of scoffers. "You've been saying the same thing for years and nothing has happened." It's easy to throw rocks from the peanut gallery. But Peter and others like him base the things they say on solid economic principles. The problem is, nobody has a crystal ball. We might be able to say what will happen, but it's impossible to say precisely when. In this episode of the Frida...

Attention focused back on the Federal Reserve this week with the release of the minutes from December's FOMC meeting and a couple of speeches by Fed Chair Jerome Powell. All of a sudden, the central bank has gone wobbly on hiking interest rates. Peter Schiff called Powell's new direction "uber-dove." Keep in mind, it wasn't long ago that Powell was sounding hawkish and talking about pushing ahead...

For most of last year, we heard everybody from Donald Trump to the talking heads on CNBC gushing about the booming stock market. That is until it started to tank last fall. Meanwhile, gold and silver sat over in the corner alone, pretty much ignored by the mainstream. But did you realize that gold actually outperformed the S&P 500 last year? In this week's Friday Gold Wrap, host Mike Maharrey runs...