Trump’s Very Massive Recession May Have Already Begun – Ep. 157

Trump’s Very Massive Recession May Have Already Begun – Ep. 157


* Today is the Wisconsin Primary but Donald Trump has been getting a lot of flack in the media over the last couple of days about his comments about the U.S. economy, particularly in the financial media because Donald Trump has now predicted a "very massive recession" in the U.S.
* He didn't just say a recession, he's predicting a massive recession
* Most of the pundits on television don't see any recession at all - not even a mild one
* So here you have Donald Trump saying, not only is the recession going to be massive, it's going to be very massive
* The media is all over Trump: "What is he talking about? The economy is in great shape! He's peddling all kinds of fiction! We have this massive economic growth!"
* the President television today taking credit for this great economy with all these years of jobs
* Of course what the President doesn't admit to, is, it's not job creation - it's job destruction
* We're destroying full time jobs, the by-product of that destruction is that we create a bunch of part-time jobs that people don't really want but that's all they can get
* Yet the President is taking credit for that
* It's like setting a fire and taking credit for putting it out
* That's what the Federal Reserve did with the 2008 Financial Crisis
* Let's look at some of the economic news that came out over the past couple of days that resulted in the Atlanta Fed reducing its Q1 GDP estimate - yet again - to .4
* In last Friday's podcast I said that I thought they would be revising it down, and based on the numbers that just came out, they did
* One if the reasons the Atlanta Fed cited for the revision was yesterday's release of February Factory Orders
* They were expected to be down 1.6; instead it came out as -1.7, which was not that big a miss unless you consider the previous downward revision, which means it dropped from a lower level
* That took something out of the GDP numbers as did the very bad auto sales that I did mention in Friday's podcast
* Apparently the worse-than-expected trade deficit that came out today didn't even factor into their thinking, and I don't know why, because we were expecting $46.2 billion and instead we got $47.1 billion
* That's a pretty big miss, and they took January's estimate which was originally $45.7 billion and raised that to $46.2 billion
* We are still expecting the March number which will be factored into Q1 GDP, so I think the Atlanta Fed is still not low enough
* Remember, too, one of the things that's helping the Q1 GDP is that most of the country had an unseasonably warm winter, because bad weather is factored into the estimate
*
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The US Economy Gets Weaker as Inflation Gets Stronger – Ep 817

The US Economy Gets Weaker as Inflation Gets Stronger – Ep 817

· Food prices headed higher. · Energy prices headed higher. · Chief is not an offensive word to Native Americans. · Inflation is not the private sector’s fault Get an extra 3 months. https://expressvpn.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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

8 Kesä 202242min

Jobs Are a Lagging Indicator – Ep 816

Jobs Are a Lagging Indicator – Ep 816

· Encouraging action in gold stocks. · America has never been in a weaker position to fight inflation. · Busts are the solution to artificial booms. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com by 7/15 and mention my name for 50% off your initial consultation. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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

4 Kesä 202251min

Biden Passes the Buck on Inflation – Ep 815

Biden Passes the Buck on Inflation – Ep 815

· Investors come back selling. · Crypto among worst performers of May. · Gold stocks are in a buying opportunity. · Germany is the key to the European Union. · Biden outlines a plan for fighting inflation. · Oil will continue spiking because of Biden, not Putin. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com by 7/15 and mention my name for 50% off your initial consultation. Thanks https://truebill.com/gold. It could save you hundreds a year. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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

1 Kesä 202255min

Don’t Buy a Bear Market Rally – Ep 814

Don’t Buy a Bear Market Rally – Ep 814

· Bull trap fooling investors. · Bitcoin did not participate in the rally. · Homeowners will make money as debtors. · The Fed postponing recession will result in decades of inflation. Thanks https://avast.com! Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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 202258min

🔴 The Devil Returns to Collect America’s Soul – Ep 813

🔴 The Devil Returns to Collect America’s Soul – Ep 813

· Dow on its longest losing streak in 100 years. · Snapchat implodes. · Gap and Abercrombie & Fitch investors learn a hard lesson. · Inflation can no longer be solved with higher interest rates. · Even rigged CPI can’t hide rising prices now. · Ruble strength proves sanctions didn’t work. · Bitcoin shows surprising resilience... for now. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer good for a limited time Get $300 off and FREE shipping at https://liveouter.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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

25 Touko 20221h 1min

It Was the “Strong” Economy That Was Transitory – Ep 812

It Was the “Strong” Economy That Was Transitory – Ep 812

· Dow and S&P see biggest drop since the pandemic. · Walmart was the jab. Target was the knockout punch. · Swiss Franc and Japanese Yen show strength. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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

20 Touko 202253min

Powell Admits Soft Landing May Be Bumpy – Ep 811

Powell Admits Soft Landing May Be Bumpy – Ep 811

· Americans are spending more, but buying less. · Jeff Bezos calls out Joe Biden. · Businesses are absorbing costs, not gouging prices. · Ben Bernanke is right about Bitcoin. · Brace yourself for an economic crash. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Thanks, Tommy John Get 20% off your 1st order https://tommyjohn.com/gold. See site for details. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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

18 Touko 20221h 3min

Consumers Worried About Inflation. Investors Worried About the Fight. – Ep 810

Consumers Worried About Inflation. Investors Worried About the Fight. – Ep 810

· More downside to go as investors panic buy stocks. · Robinhood will ultimately go bankrupt. · Jerome Powell gets reappointed as Fed chair. · Consumers are borrowing more, despite rate hikes. · Oil positioning for a big move up. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * 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

15 Touko 202255min

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