The Peter Schiff Show Podcast6 Helmi 2016

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 25%, and transports were actually up this week
* The S&P and the Dow are only down about 12% - in correction but not quite a bear market, but remember, all bear markets begin as corrections, and I think this is just the early stage of a bear market
* You can contrast that with what's going on with gold; gold was up 5% on the week. It added $18 today alone to close above 1170, in fact the price of gold has risen by $120/ounce since the Federal Reserve raised interest rates in December
* The dollar also had a bad week, despite rising somewhat today on the jobs numbers, the dollar index had its worst weekly decline since 2009
* So now, the opposite of what everybody expected has happened
* Everybody thought the stock market would go up, because the rate hike was proof that the economy was stronger; instead the stock market has tanked, in fact the beginning of January was Wall Street's worst start to the year in history
* In contrast, the expectation was that rising interest rates would help the dollar; instead the dollar has actually declined
* Higher interest rates were expected to be bearish for gold; instead it was the catalyst for a huge rally in the price of gold
* The weaker than expected jobs report was assumed to be the reason for today's stock market carnage, because we only created 151,000 non-farm payroll jobs and the Street was looking for 188,000 jobs
* The reality is not that the report was weak, it is that it was not weak enough
* The only thing that could have saved this market would have been a horrible jobs report - a jobs report so bad that an interest rate hike would be clearly off the table
* Instead, this jobs report could indicate that the Fed is more likely to raise rates as a result of the numbers
* That is why the market went down
* No one wants to admit that the only thing holding up this market is the Fed, so they pretend that the market is disappointed by the weakness of the report
* Jobs have nothing to do with it - this market has always been about one thing - the Fed and cheap money
* Now it hangs on weather the Fed will raise rates again
* I believe the next thing the Fed is going to do is to cut interest rates
* I think they might even go negative and they going to launch QE4
* The markets have not figured this out yet
* Even the Atlanta Fed, whose first estimate of Q1 GDP at just 1.2% (I think this is an over-estimation; I think the Q4 .7% will be downwardly revised) saw this apparently strong jobs report they increased their Q1 GDP estimate by a full percentage point to 2.2%
* If the Atlanta Fed thought the jobs report was so strong, why are the reporters assigning blame to the jobs report for the sell-off
* If you look beneath the headline number of the miss, on the number of non-farm payrolls, you'll find out what the markets were so worried about:
* 1) The official unemployment rate moved down to 4.9% - that's the first time we've had a 4 handle on the unemployment rate since Obama has been President
* In fact, he did not waste much time calling a press conference proclaiming the success of his administration and declaring that the U.S. economy is the strongest in the world; quite ironic because I thin we are already in recession
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Surprise PPI Surge Dashes September Rate Cut Hopes - Ep 1036

Peter Schiff examines the surprising PPI surge, critiques economic data, and addresses the implications for inflation and the Fed's policies.This episode is sponsored by NetSuite. This episode is sponsored by NetSuite. Download the free “CFO’s Guide to AI and Machine Learning” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff dives into the latest economic data, revealing how a surprising PPI surge has dashed hopes for a September rate cut. He critiques the government’s misleading job numbers and discusses the implications of a growing budget deficit on the economy. Schiff also highlights the troubling trend of inflation, emphasizing the Fed's failure to act appropriately amidst worsening economic indicators. With insights on the gold and silver markets, he underscores the importance of understanding the true state of the economy, challenging the narratives promoted by politicians and the mainstream media. This episode is essential for anyone looking to grasp the reality of today’s financial landscape through Schiff’s candid analysis.🟨 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: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction and Opening Remarks00:56 Hurricane Impact and Podcast Continuation01:37 Disappointing Economic Data Analysis02:55 Trump's Reaction to Job Numbers08:36 Inflation and Fed's Response16:53 Budget Deficit and Economic Comparison20:58 Tariffs and Legal Challenges27:56 Gold and Silver Market Insights33:52 Big Funds and Gold Stocks34:57 Gold Fund and Dividend Payers35:33 Global Investment Shifts37:04 Bank Receivership and Qenta Deal40:08 Qenta's Asset Handling Issues46:11 Legal Battles and Customer Rights53:11 Organizing Customer Lawsuits01:04:15 Final Thoughts and Call to Action#PPI #EconomicData #GoldMarketOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

18 Elo 20251h 4min

How Trump Is Accelerating America’s Economic Decline - Ep 1035

Peter Schiff examines gold market dynamics, critiques Trump's economic policies, and discusses investment strategies amidst rising market trends.This episode is sponsored by HIMs. Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff dives deeply into the current dynamics of the gold market, highlighting the significant impact of tariffs and Trump's economic policies on gold and its stocks. Listeners will gain insights into the asymmetric opportunities within gold stocks, the performance of Bitcoin compared to gold, and the ongoing de-dollarization trend. Schiff emphasizes the importance of recognizing the risks and rewards in today's market, urging investors to consider their strategies carefully. With a focus on international markets and the future of U.S. manufacturing, this episode encapsulates Schiff's unyielding perspective on economic realities, making it a must-listen for those seeking to navigate the complexities of investment in a turbulent financial landscape.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🟡 Schiff Gold News: https://www.schiffgold.com/news🔔 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: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffChapters:03:01 Gold Market Insights04:30 Impact of Tariffs on Gold08:30 Gold Stocks Performance11:14 Bitcoin vs. Gold14:24 Investment Strategies and Fund Performance19:49 US Dollar and International Markets24:20 Trump's Economic Policies31:19 Fannie Mae and Freddie Mac History36:26 Government Takeover of Fannie and Freddie37:02 Trump's Plan for Fannie and Freddie38:11 The Implicit vs. Explicit Guarantee Debate39:48 The Case for Abolishing Fannie and Freddie43:55 Trump's Economic Policies and Their Impact44:57 The Future of US Manufacturing49:37 Investment Strategies and Market Trends53:21 Personal Investment Performance and Advice58:45 Upcoming Events and Final Thoughts#goldinvesting #economictrends #marketanalysisOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

11 Elo 20251h 7min

Trump Fires BLS Commissioner, Agitates for Fed Mutiny - Ep 1034

Peter Schiff critiques the latest jobs report, dissects the implications of Trump's tariffs, and explores the weak labor market and economic realities.In this episode of The Peter Schiff Show, Peter Schiff delves into the deceptive nature of recent job reports, highlighting how misleading statistics mask a weak labor market. He critiques the government's methodology in reporting job creation, emphasizing the significant downward revisions that undermine the perceived strength of the economy. Schiff discusses the implications of rising tariffs on consumer prices and how they contribute to stagflation, ultimately leading to a precarious economic outlook. As he analyzes the Federal Reserve's stance on interest rates amidst these troubling indicators, Schiff reinforces his belief that the realities of the labor market and inflation are far more dire than official narratives suggest. Tune in for an insightful examination of the economic landscape through Schiff's candid lens.🟨 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: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction to the Jobs Report00:42 Historical Context of Economic Indicators01:22 Critique of Recent Job Reports03:32 Revisions and Market Reactions06:42 Current Jobs Report Analysis08:23 Unemployment Rate and Labor Market Realities10:59 Manufacturing Job Losses15:43 Trump's Reaction and Firing of Labor Department Head23:44 Economic Data and Market Implications26:50 Federal Reserve Meeting Insights29:47 Fed's Inflation Struggles and Policy Decisions31:22 Powell's Response to Interest Burden Concerns33:41 Impact of Tariffs on Inflation and Economy37:04 Rolex Tariffs and Consumer Behavior42:37 Trump's Influence on Fed and Rate Cuts55:30 Upcoming Appearances and Personal Updates#JobsReport #EconomicIndicators #LaborMarketOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

4 Elo 20251h

Trump Calls Powell Too Dumb for “Easiest Job” - Ep 1033

Peter Schiff examines Trump’s misguided economic critiques, delves into inflation's impact, and challenges the Fed’s policies in this episode.Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the contentious relationship between former President Trump and Federal Reserve Chair Jerome Powell. Schiff highlights Trump’s pointed criticisms of Powell's economic policies, framing them within a broader historical context of interest rates and inflation. As Schiff navigates the complexities of government spending and its impacts on the economy, he emphasizes the inherent contradictions in Trump's past economic stances. Additionally, the episode touches on significant issues such as voting rights and the implications for future generations. With Schiff's keen analysis, listeners will gain a deeper understanding of the economic landscape and the policies that shape it, reinforcing his perspective on the pressing realities facing the nation.📘 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 Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction and Headlines00:55 Trump's Criticism of Fed Chair Powell06:13 Historical Context of Interest Rates10:07 Trump's Hypocrisy on Economic Policies22:00 Inflation and the Fed's Response29:43 Critique of Government Spending and Policies32:47 Lowering the Voting Age in the UK33:44 Debating the Voting Age37:26 Historical Context of Voting Rights44:51 Crypto Week and Legislation46:17 Bitcoin and Stable Coins Analysis51:55 Precious Metals Market Update57:59 Conclusion and Call to Action#Trump #InterestRates #VotingRightsOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

21 Heinä 202557min

Investors Bet Tariff Man Chickens Out Again - 1032

Peter Schiff examines the impact of Trump's tariffs on the economy, critiques government spending bills, and emphasizes the urgency of investing in precious metals.This episode is sponsored by NetSuite. Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the current state of the economy, focusing on the implications of recent trade deals and tariffs announced by the Trump administration. He highlights the detrimental effects of these tariffs on American consumers, arguing that they will lead to higher prices and increased inflation, ultimately hurting the very economy they aim to protect. Schiff also reflects on American exceptionalism, the significance of government policies on economic growth, and the troubling rise of socialist ideals in politics. Listeners will gain insight into the ongoing economic challenges and the misguided policies that threaten to undermine market stability. Tune in as Peter Schiff navigates through these pressing issues, providing his keen analysis and perspective on the future of the U.S. economy.https://www.youtube.com/watch?v=ifM-zmNWQiohttps://www.youtube.com/watch?v=Qd15JoUnEfE👉 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 Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction01:23 Reflecting on American Exceptionalism03:59 Latino Wall Street Award06:32 Trade Deals and Tariffs Analysis19:22 Impact of Tariffs on the Economy25:20 Commercial Break27:36 Jobs Report and Economic Insights29:34 Government Jobs and Economic Impact30:01 Manufacturing and Tariffs30:52 Unemployment Rates and Labor Market31:43 The Budget Busting Bill33:33 Tax Cuts and Economic Consequences41:36 Democratic Policies and Socialism51:41 Investment Strategies and Market Predictions55:04 Podcast Conclusion and Future Plans#tariffs #economicimpact #investorinsightsOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

10 Heinä 202557min

Trump Will Replace Powell With an Even Bigger Moron - Ep 1031

Peter Schiff delves into the Middle East conflict's impact on markets, the Fed's shortcomings, and the implications of a declining dollar on the economy.00:00 Introduction and Apology for Absence01:04 Cruise Ship Experience and Real Estate Summit02:12 Unexpected Encounter with a Podcast Fan03:09 Recent Global Events: Middle East Conflict07:10 Financial Market Movements and Analysis13:08 Precious Metals and Currency Trends20:11 Federal Reserve and Economic Policies25:13 Powell's Testimony and National Debt Concerns37:39 Trump's Reaction to Fed's Rate Decisions39:09 Powell's Stance on the Dollar and Inflation43:13 Criticism of Budget Deficits and Fiscal Policy44:14 Trump's Economic Claims and Hypocrisy49:49 Fed's Role in Deficit Spending53:22 Student Loans and Government's Role01:01:15 Investment Advice on Gold and Silver01:06:59 Conclusion and Final Thoughts⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟨 Gold News: http://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://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

30 Kesä 20251h 8min

Elon Musk Blows the Whistle - Ep 1030

Trump's economic policies, explores the weak labor market, and warns of impending inflationary pressures.Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the intricate dynamics of the current economic landscape, spotlighting the disillusionment surrounding political promises and the fragility of the labor market. He scrutinizes the recent jobs data, revealing the underlying weaknesses that mainstream narratives often overlook. Schiff emphasizes the deceptive nature of government statistics, drawing connections between economic policies and their real-world implications for inflation and market stability. He also discusses the controversial role of figures like Elon Musk in the political arena, highlighting the tensions and fallout from their interactions with policymakers. As always, Schiff's insights challenge conventional wisdom, providing listeners with a stark reality check on the state of the economy and the precarious path ahead.⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟨 Gold News: http://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/booksPeter Schiff dissects Elon Musk's critique of 👉 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 Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction and Opening Remarks00:55 Vacation and Current Events01:38 Market and Economic Analysis03:40 Jobs Data and Market Reactions11:08 Manufacturing and Trade Deficit20:21 Tariffs and Economic Impact24:59 Precious Metals Market32:24 Political Commentary and Predictions33:16 Deregulation and Investment Strategies33:54 Historical Context of Political Promises34:31 Challenges in Implementing Spending Cuts36:40 Elon Musk's Role and Disillusionment39:13 Political Dynamics and Congressional Challenges48:06 Elon Musk's Public Critique and Fallout53:03 Economic Implications and Future Outlook56:16 Conclusion and Call to Action#ElonMusk #EconomicAnalysis #JobMarketTrendsOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

9 Kesä 202557min

Gold Bull In a Bitcoin Conference - Ep 1029

Peter Schiff discusses his experiences at the Bitcoin 2025 conference, recent market trends, and critiques various economic policies, emphasizing the importance of prudent investment strategies and skepticism toward Bitcoin's long-term viability.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at http://square.com/go/peterIn this episode of the Peter Schiff Show podcast, Peter Schiff gives a detailed commentary on various market trends and economic policies. He analyzes the performance of stocks, gold, and Bitcoin during the previous month, noting significant market movements. Schiff provides his critical perspective on the recent Bitcoin Conference he attended in Las Vegas, emphasizing the irony that many attendees credit him for their Bitcoin investments despite his criticism of the cryptocurrency. He also critiques U.S. economic policies, particularly focusing on tariffs, government spending, and recent court rulings affecting trade. Additionally, Schiff discusses his ongoing podcast tour and upcoming public appearances, along with providing personal anecdotes about his family. He concludes the episode by urging listeners to subscribe to his YouTube channel.📘 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 Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction to the Peter Schiff Show01:38 Market Overview: May Performance and Predictions02:32 Gold and Bitcoin: Correlation and Market Movements05:21 Tariffs and Trade Wars: Impact on Markets12:56 Trump vs. Powell: The Fed's Independence18:20 Upcoming Events and Personal Announcements22:09 Big Beautiful Bill: Debunking the Myths29:41 Bitcoin Conference Experience30:06 Contrarian Voices at the Bitcoin Conference30:42 Impressions of the Conference Organization31:37 Bitcoin Treasury Companies and Market Dynamics33:17 Unexpected Positive Reception36:16 Debate and Michael Saylor's Speech42:02 Bitcoin's Market Performance and Speculation51:52 Final Thoughts and Personal Updates#Bitcoin📘 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 Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

2 Kesä 202553min

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