Yellen Admits Rates Could Stay at Zero Forever – Ep. 110

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 reporter asked her if the Fed may be trapped at zero forever
* Among the excuses the Fed used was problems in overseas markets, which opens up a grab bag of excuses for the Fed conveniently explain why it is not going to raise rates
* I said from the beginning the Fed has no intention of raising rates
* They also mention that these problems may spill over into the U.S. economy
* She also mentioned additional problems in the labor force: wages, people re-entering the workforce and more full-time jobs
* That is not going to improve in the next three months, yet the Fed is still pretending that it could raise rates in October or December
* Yellen is also no ruling out that the Fed could keep interest rates at zero forever, so who cares about what she won't rule out?
* Janet Yellen answered the reporter's question by saying, " We don't think we are going to be in that situation, however I can't rule it out."
* So the fact that she is not ruling out an October or December rate hike means nothing, because she also can't rule out zero interest rates forever
* What else does this tell you?
* She is concerned that rates will be at zero for a long time
* Janet Yellen believes that the Fed could actually keep interest rates forever
* They won't even stay at zero for the end of this decade because ther is going to be a currency crisis that forces the Fed to raise rates
* The only reason the Fed has maintained the illusion of control for so long is that the market is believing them
* When They figure what the Fed is really doing, then it is over with
* Then the dollar will tank, creating upward pressure on inflation
* They will have to raise rates; market will not give them a choice
* Janet Yellen does not know this
* Another reporter asked her if the Fed will adjust their policy if inflation gets to inflation sooner than anticipated
* Yellen went out of her way to state that 2% is the target, but not the ceiling
* I think the Fed does not have a ceiling, but the market does
* Another interesting discussion was regarding the balance sheet
* The Fed can't start shrinking the balance sheet until they raise rates
* Yellen admitted that since rates are still at zero, they are pushing back the time when the Fed will begin shrinking the balance sheet
* If the Fed never raises rates, then it can never shrink its balance sheet
* The Fed may never raise rates on its own volition: I know eventually they will have to raise rates
* And then it will be a complete catastrophe
* But everybody is still pretending everything is great, maybe the Fed will raise rates in October of December
* Here's another interesting development: the market was up all day but it sold off down 65 points. A pretty big reversal.
* Ultimately the Fed will have to officially take rate hikes off the table
* What kind of bad news will they need to do that?
* We got bad news today: Housing Starts were significantly below estimates and the prior month was revised down
* Bloomberg Consumer Comfort Index had its second lowest week in a year
* The worst number that came out was Philly Fed - was expected to come in at +6, but actually came in at -6
* The biggest miss in 4 years
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During bad times, a good Fed Chair is not popular – Ep 585

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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: 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/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

17 Kesä 20201h 14min

Trump damage control falls flat as stocks tank – Ep 583

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11 Kesä 202038min

Powell admits to Fed’s Monetary Hail Mary – Ep 582

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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://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/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

11 Kesä 20201h 7min

Paying Employers to Recall Workers Boosted Payrolls – Ep 581

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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: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

5 Kesä 20201h 3min

Printing Money Matters – Ep 580

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/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

3 Kesä 20201h 10min

Looting is Socialism without the Middle Man – Ep 579

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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/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

2 Kesä 202033min

We Need to Print the Money to See Where it Goes – Ep 578

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-correspondence-with-alan-greenspan/ 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/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

29 Touko 20201h 32min

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