Lies Republicans Tell to Sell Tax Cuts – Ep. 301

Lies Republicans Tell to Sell Tax Cuts – Ep. 301

Faltering Expectations
The U.S. dollar and the stock market continued to be a little bit under pressure this week as anxieties are rising over the fate of the tax cuts with so many investors are putting so much expectation into the proposed tax cuts.
Tax Cuts Do Not Reflect Smaller Government
I have gone over many times on this podcast why I do not believe the tax cuts are going to help the economy. Tax cuts are good for the economy to the extent that they reflect smaller government. If you are going to make government smaller, and government is going to be less of a burden on the economy, if government is going to take fewer resources out of the economy, it will be freeing those resources up for the private sector. If you are lowering people's taxes because you relieve them of the responsibility of paying for a larger government, that is a big positive!
Government Will Have to Print or Borrow
Any time we can take resources out of the government sector and put them back into the private sector, those resources will be used more efficiently and more productively, the economy will be better off. But if we simply cut taxes, and allow government to get bigger and bigger, that is not good for the economy. All that is happening is that the government has to find and alternative source for paying for the resources it is consuming. And if it is not going to collect it through taxes, then it is going to have to borrow it or print it. Those other ways of sucking up those resources do more economic damage than what otherwise would have been the case if they had just left taxes alone.
So Everybody is Wrong
So everybody is wrong in believing that these tax cuts are going to be good for the economy. They are not going to be good for the economy, and they are certainly not going to be good for the dollar. They will hurt the dollar because, by definition, instead of removing dollars, the government is going to print dollars out of thin air and spend that. So they are debasing the dollar.
No Individual Mandate
But putting that aside, there is still a lot of nervousness out there about whether or not the tax cuts will pass and what their final form will be. First of all, the Senate came out yesterday and all of a sudden thew a curve ball into the tax cuts. As part of the tax cuts they said they were going to repeal the individual mandate from Obamacare. That is the part that requires individuals to pay a penalty to the government for not purchasing insurance.
Hail Mary
First of all, the fact that they have to throw that in there shows that they needed to do that to tempt some Republicans, maybe like Rand Paul, who were on the fence or not for the tax cuts. I think the fact that they had to go for the Hail Mary shows that they are having a hard time getting enough Republican support.
Saving the Government Money?
But here's the ridiculous part: The government claims that by eliminating the individual mandate it is going to save the government a lot of money and the savings will subsidize a larger tax cut for the middle class. Wait a minute. The individual mandate means that people who don't buy insurance have a penalty to the government! That's revenue to the government. Wouldn't that cost the government more?
Republican Logic
Here is the Republican logic: If they stop penalizing people who don't buy health insurance, then fewer people will buy health insurance. Some of the people who are buying health insurance now are getting government subsidies, so if they don't buy health insurance then the government won't have to provide the subsidies and that's where they save the money.
Premiums Through the Roof
Then they argue that if younger healthy people drop out, then insurance premiums will rise even faster than they are rising right now. And because health insurance premiums will rise a lot faster, Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

Jaksot(1092)

The Fed's Forever Blowing Bubbles - Ep 1051

The Fed's Forever Blowing Bubbles - Ep 1051

Peter Schiff critiques the bursting crypto bubble, warns of impending market collapses, and discusses the implications of reckless monetary policies.This episode is sponsored by Policygenius. Head to https://policygenius.com/gold to compare free life insurance quotes from top companies and see how much you could save.In this episode of The Peter Schiff Show, Peter Schiff delves into the current financial landscape, emphasizing the ongoing collapse of the Bitcoin and crypto bubbles, while raising concerns about the potential fallout in other sectors, including AI and housing. He analyzes the precarious state of MicroStrategy and its impact on Bitcoin prices, challenging the validity of its business model. Schiff addresses the Federal Reserve's contradictory stance on inflation and tariffs, criticizing the government's fiscal policies that have led to rampant market bubbles. With insights into the healthcare crisis and IRS controversies, Schiff presents a stark reality of the economic situation, reinforcing his perspective on the unsustainable nature of current financial practices.Chapters:00:00 Introduction and Opening Remarks00:54 The Crypto Bubble and Market Bubbles04:14 AI Bubble and Its Potential07:05 Bitcoin's Decline and Market Reactions12:43 MicroStrategy and Bitcoin Treasury Companies24:09 Debate Challenges and Tokenized Gold35:18 FOMC Meeting Minutes and Job Reports36:50 Labor Market and Inflation Insights37:45 Tariffs and Their Impact on Prices39:14 Quantitative Easing and the Dollar41:04 Healthcare Crisis and Insurance Issues48:43 FOIA Lawsuit Against the IRS53:10 Publicity Stunt and Bank Shutdown01:09:21 Conclusion and Final ThoughtsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#crypto #inflation #MicroStrategyOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

20 Marras 20251h 9min

Crypto Carnage as Gold Eats Bitcoin's Lunch - Ep 1050

Crypto Carnage as Gold Eats Bitcoin's Lunch - Ep 1050

Peter Schiff dissects the crypto market collapse, evaluates gold’s surge in value, and critiques government policies impacting housing affordability.This episode is sponsored by Policygenius. Head to https://policygenius.com/gold to compare free life insurance quotes from top companies and see how much you could save.In this episode of The Peter Schiff Show, host Peter Schiff delves into the recent turmoil in the financial markets, highlighting the stark contrasts between precious metals and the declining crypto sector. He discusses the surge in gold and silver prices amidst government actions, the implications of potential government shutdowns, and the risky landscape of crypto investments, particularly Bitcoin's significant drop against gold. Schiff emphasizes the government's detrimental role in housing affordability and the proposed measures that could exacerbate financial instability. As always, he provides keen insights rooted in economic reality, urging listeners to consider the long-term implications of current market trends and policies.Chapters:00:00 Introduction and Opening Remarks00:54 Precious Metals Market Update05:08 Government Shutdown and Its Impact on Gold06:52 Crypto Market Analysis and Predictions10:28 Trump's Influence on Crypto and Economic Implications20:56 Fannie and Freddie: The Trump Trade31:29 Government's Role in Housing Affordability32:08 Impact of Tariffs on Housing Costs32:29 Immigration and Construction Labor Costs34:33 Credit and Mortgage Guarantees37:19 Proposed 50-Year Mortgages40:06 Eliminating FICO Score Minimums43:27 Assumable and Portable Mortgages54:29 Investment Opportunities in Gold and Silver01:01:43 Conclusion and Upcoming PodcastFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#crypto #bitcoin #goldOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

13 Marras 20251h 1min

Data Confirms "Hot" US Economy Is Ice Cold - Ep 1049

Data Confirms "Hot" US Economy Is Ice Cold - Ep 1049

Peter Schiff examines the paradox of a hot U.S. economy amid cold realities, discusses cryptocurrency, and critiques political misconceptions and tariffs.This episode is sponsored by NetSuite. Download the free “Demystifying AI” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the stark contrast between the perceived strength of the U.S. economy and its underlying fragility. Listeners will gain valuable insights as Peter analyzes the gold market, Bitcoin, and economic realities that challenge political narratives. The discussion also touches on the implications of the New York mayoral election, misconceptions about communism, and Trump's contentious tariffs. With a keen focus on the economic policies shaping our lives, this episode is essential for anyone seeking a deeper understanding of today's financial landscape. Join Peter as he cuts through the noise and reveals the truth behind the headlines.Chapters:00:00 Introduction and Opening Remarks00:56 Gold Market Analysis03:24 Bitcoin and Cryptocurrency Insights12:18 Economic Reality vs. Political Claims19:04 New York Mayoral Election and Economic Policies31:13 The Impact of Free Public Transportation32:17 Misconceptions About Communism34:36 Trump's Unconstitutional Tariffs42:37 The Filibuster Debate55:32 Gold and Silver Market InsightsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#USEconomy #CryptoInsights #NewYorkPoliticsOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

8 Marras 202558min

Powell Dashes Hopes for a December Rate Cut - Ep 1048

Powell Dashes Hopes for a December Rate Cut - Ep 1048

Peter Schiff critiques the Federal Reserve's recent rate decisions, analyzes the implications for inflation and interest rates, and discusses gold's pivotal role in today's economy.This episode is sponsored by NetSuite. Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff delves into the implications of the Federal Reserve's recent decisions, including its latest interest rate cut and the end of quantitative tightening. He unpacks the impact of these policies on inflation, the economy, and the stock market, while emphasizing the persistent threats posed by excessive monetary expansion. Schiff critiques the Fed's narrative of economic strength, arguing that the increasing gold price signals a deeper financial instability. Key discussions include the contrasting fates of gold and Bitcoin, the true state of employment, and the dangers of overvalued tech stocks. This episode is a must-listen for those seeking clarity on the current economic landscape and the potential consequences of the Fed's actions.Chapters:00:00 Introduction and Opening Remarks00:55 Federal Reserve's Recent Actions02:20 Impact on the Economy and Markets03:15 Discussion on Quantitative Tightening06:29 Interest Rates and Inflation17:31 Gold Market Analysis24:41 New Product Announcement at Schiff Gold31:39 Setting Up the Infrastructure31:49 Gold as a Medium of Exchange33:00 Bitcoin vs. Gold37:07 Stock Market and AI Valuations42:44 Tariffs and American Workers47:11 Inflation and the Fed's Policies55:09 Investment Opportunities and Final ThoughtsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#FederalReserve #InterestRates #GoldMarketAnalysisOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

30 Loka 202556min

Gold Successfully Tests $4k Support - Ep 1047

Gold Successfully Tests $4k Support - Ep 1047

Peter Schiff examines gold and silver market volatility, critiques the Fed's misguided policies, and discusses the implications of Trump's influence on the economy.This episode is sponsored by Policygenius. Head to https://policygenius.com/gold to compare free life insurance quotes from top companies and see how much you could save.In this episode of The Peter Schiff Show, Peter Schiff delves into the ongoing volatility in the gold and silver markets, analyzing recent corrections and investor sentiment. He discusses the implications of economic indicators and Federal Reserve actions, as well as the contrasting dynamics between Bitcoin and gold. Schiff critiques media portrayals of market trends, emphasizing the persistent skepticism surrounding gold investments. With insights on Newmont's earnings and a critical examination of government spending, Schiff articulates his perspective on the future of precious metals and the broader economic landscape. Listeners can expect a thought-provoking analysis that challenges mainstream narratives and reinforces Schiff's established views on financial prudence and market realities.Chapters:00:00 Introduction and Opening Remarks00:55 Gold and Silver Market Volatility03:40 Gold's Correction and Market Reactions07:47 Investor Sentiment and Media Coverage13:53 Economic Indicators and Federal Reserve Actions20:54 Newmont's Earnings and Market Skepticism27:38 Bitcoin vs. Gold: Market Dynamics29:45 Trump's Ballroom and Crypto Industry Influence34:20 Trump's Ego and the National Debt35:39 Government Shutdowns and Trump's Legacy37:41 Trade Negotiations and Reagan's Legacy41:34 Government Investments and Market Interference48:15 Crypto Collateral and Market Risks55:57 YouTube Shadow Banning and Subscriber Growth01:03:55 Gold and Silver Investment OpportunitiesFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#goldmarket #cryptocurrency #investingstrategiesOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

24 Loka 20251h 5min

Crypto Industry & Wall Street Unite Against Gold - Gold Wrap

Crypto Industry & Wall Street Unite Against Gold - Gold Wrap

Join Peter Schiff for a special Tuesday Market Wrap episode of the Schiff Gold Podcast, where he dives into the historic highs and recent volatility in the gold and silver markets. Originally planning to cover two weeks of market activity in a single Friday wrap-up, Schiff decided to address the significant happenings of the past three days immediately. On Monday, gold prices set a new all-time high, nearly touching $4,380, before experiencing a dramatic sell-off. Despite this, gold closed the week robustly above $4,250. Schiff discusses the widespread speculative sentiment from the crypto community and Wall Street, dismissing the notion that the gold bull market is over. Emphasizing the structural strengths and ongoing consolidation phase of gold and silver, Schiff reassures investors of the long-term uptrend. He also criticizes Bitcoin proponents claiming Bitcoin will surpass gold, labeling it as wishful thinking. Schiff highlights the resurgence of gold's appeal over Bitcoin, driven by massive structural changes and global tendencies to shift back to the gold standard. With energy costs falling, gold mining stocks are posed for significant earnings. Schiff underscores the value of using this pullback as a buying opportunity for both new and long-term investors in gold and silver.Our Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

22 Loka 202538min

Jamie Dimon Admits Peter Schiff Was Right - Ep 1046

Jamie Dimon Admits Peter Schiff Was Right - Ep 1046

Peter Schiff analyzes gold's surge, critiques Jamie Dimon's admission on gold's rationality, and discusses the impending dollar crisis.This episode is sponsored by Policygenius. Head to https://policygenius.com/gold to compare free life insurance quotes from top companies and see how much you could save.In this episode of The Peter Schiff Show, host Peter Schiff delves into the pressing realities of today's economic landscape, highlighting Jamie Dimon's recent admission regarding gold's significance in investment portfolios. Schiff discusses the meteoric rise of gold and silver, drawing parallels to historical economic shifts reminiscent of the 1970s. He provides critical insights into the dollar's declining status, the implications of global economic changes, and the stark contrast between gold and Bitcoin. As the market dynamics evolve, Schiff emphasizes the urgent need for investors to reconsider their positions, particularly as the risks associated with Bitcoin become increasingly apparent. Tune in for a comprehensive analysis that challenges mainstream narratives and reinforces Schiff's steadfast belief in the enduring value of gold.Chapters:00:00 Introduction and Opening Remarks00:55 Gold's Meteoric Rise and Media Attention01:56 Silver's Performance and Investment Advice03:55 Historical Context: 1970s vs. 2020s05:37 The Dollar Standard and Global Economic Shifts07:21 Jamie Dimon's Admission and Rationality of Gold09:56 Gold's Future and Wall Street's Realization20:31 Current Market Update and Urgent Investment Advice22:33 Comparing Gold and Bitcoin23:46 Fed Policies and Historical Perspectives25:05 China's Trade and Economic Position30:53 Bitcoin's Decline and Market Manipulation37:01 Closing Remarks and Upcoming Events34:27 Alan Greenspan's Perspective on Gold35:27 The Case for Investing in Gold Stocks38:53 China's Trade Dynamics and the US Relationship43:52 Bitcoin's Decline and the Rise of Gold01:00:01 Conclusion and Upcoming EventsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#goldinvestment #bitcoincrash #marketupdateOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

16 Loka 20251h

Gold Tops $4K as World Prepares to Go Off Dollar Standard - Ep 1045

Gold Tops $4K as World Prepares to Go Off Dollar Standard - Ep 1045

Peter Schiff examines gold's historic surge past $4,000, critiques the dollar's decline, and warns of looming economic crises and fiscal irresponsibility.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, host Peter Schiff delves into the alarming rise of gold prices, which recently surpassed $4,000, signaling a potential dollar crisis. He explores the historical context of gold's surge, drawing parallels to the economic turmoil of the 1970s when the United States abandoned the gold standard. Schiff emphasizes the implications of central banks diversifying away from the dollar and warns of the impending economic collapse as the U.S. grapples with unsustainable fiscal policies. With personal anecdotes and keen insights, Schiff articulates the urgency for investors to reconsider their strategies in light of these developments, positioning gold as a crucial safe haven amid rising inflation and currency devaluation. Tune in for a thought-provoking discussion on the future of the global economy and the significance of gold in these turbulent times.Chapters:00:00 Introduction and Opening Remarks00:56 Gold's Historic Surge04:57 The 1970s Gold Standard and Its Impact10:06 The Dollar's Decline and Global Implications17:24 Personal Anecdote and Upcoming Events18:43 The Shift from Dollar to Gold Standard20:15 Central Banks and Fiscal Policies26:39 The Looming Dollar Crisis31:37 Gold's Rising Significance on Wall Street32:19 Personal Experiences with Gold Predictions34:03 Gold vs. Bitcoin: A Media Bias36:32 Gold as the Canary in the Coal Mine38:27 Kudlow's Dismissal of Gold's Warning41:24 The Looming Economic Crisis43:52 Investment Strategies Amidst Economic Uncertainty47:44 The Global Economic Shift59:57 Final Thoughts and Upcoming EventsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#gold #dollarcrisis #economiccollapseOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

9 Loka 202559min

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