The Peter Schiff Show Podcast

* 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 o...

* 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 Tha...

* 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. *...

* 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 ! Than...

* 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 p...

* 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 . Ter...

* 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 econom...

* 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...

* 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...

* 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...

* 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 packa...

* 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. * T...

* 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://avas...

* 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://truni...

* 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 sch...

* 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 t...

* 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 the...

* 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 limite...

* 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...

* 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 r...

* 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...

* 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. *...

* 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...

* 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...

* 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...