So Much Debt, so Little Concern – Ep. 332

So Much Debt, so Little Concern – Ep. 332

Remembering Irwin Schiff
Today would have been my father, Irwin Schiff's 90th birthday. If you're not familiar with my father's story, and I'm sure most of the people who listen to this podcast are familiar with my father but if you're not go to schiffbooks.com and pick up a copy of "The Federal Mafia," which was one of only 2 books banned by the Federal Government. We have a lot of books, "The Kingdom Moltz" a book that really shows off my father's sense of humor. It's beautifully illustrated by an artist named Andy Ice. I always liked that book as a kid. The book is very appropriate now, because it really explains inflation and where it comes from. My dad's old website, paynoincometax.com is still up, which has an archive of his old radio shows that he did weekly from Las Vegas. If you listen to my Dad, you'll know what I'm coming from. My dad talks a lot about economics.
Everything is Great!
But today, everything is great; Wall Street had a huge relief rally today; the Dow Jones was up almost 350 points, pretty much closing right on the highs of the day. The NASDAQ had an even better day, by percentage, up 120 points. The Dow was down on the week until today, but this big gain brought it up for the week.
Down Day in the Bond Market
I think the reason the market was so strong was we finally got a down day in the bond market. The yield on the 10-year treasury went back down. We closed at 2.871. Remember, we got to 2.95, we almost got to 3% and now we're back down to 2.871 on the 30 year. We had gotten up to 3.22 a couple of days ago. I think this took a lot of pressure off the stock market and people came in buying. "Everything is great; nothing to worry about!"
Commodities Strong Across the Board
The commodity market, though, was very strong across the board. Look at the surprise strength in oil. Everybody was talking about oil prices coming down - we're already back up to $63.50 and above. Almost back the the highs. Oil prices are going a lot higher. It's not just oil prices that are going up; commodities in general. I think we are in the early stages of another major boom in commodity prices. We had a big boom that ended in 2008 with the financial crisis. This is going to be a bigger boom, because it's not going to end in a financial crisis. This is going to be a dollar crisis, which is music to the ears of the commodity markets because they're all priced in dollars.





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Jaksot(1085)

Taper Already Priced In. Now What? – Ep 734

Taper Already Priced In. Now What? – Ep 734

* 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 their pay decreases and the prices of products they buy increase. * Bitcoin can’t be digital gold if Bitcoin trades the opposite of gold. * Buying Bitcoin is gambling, not investing, and governments regulate gambling. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks https://avast.com! 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 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

25 Syys 20211h 7min

The Fed That Cried Taper – Ep 733

The Fed That Cried Taper – Ep 733

* 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 they can use it as a political weapon. * Jerome Powell dismisses concerns over #Evergrande and excess corporate leverage. * Gold will explode and the dollar will implode when markets start to realize the #Fed keeps crying wolf. * Gold went up with safe havens while Bitcoin fell with risk assets. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through September 30, 2021. 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 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

23 Syys 202145min

Paying More, but Buying Less – Ep 732

Paying More, but Buying Less – Ep 732

* 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 limited time, get 40% off a Calm Premium subscription at https://Calm.com/gold 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 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

18 Syys 202154min

When There’s Too Much Money, There’s Never Enough Stuff – Ep 731

When There’s Too Much Money, There’s Never Enough Stuff – Ep 731

* 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 for government spending, middle class will pay for inflation. * Hedge funds buy preferential tax treatment from politicians. Thanks Raycon! Go To https://buyraycon.com/gold for 15% off your entire Raycon order. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. 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 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

15 Syys 202157min

Government Is Consistent; It Always Lies – Ep 730

Government Is Consistent; It Always Lies – Ep 730

* 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 racist Democrats. * The government took away our freedom so the terrorists wouldn’t have to. * Tax havens keep a lid on taxes everywhere else. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through September 30, 2021. Become a Firstleaf member and get 6 bottles of wine for $29.95 and free shipping https://TryFirstLeaf.com/GOLD 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 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 Syys 20211h 6min

Let’s Replace Labor Day With Entrepreneur Day – Ep 729

Let’s Replace Labor Day With Entrepreneur Day – Ep 729

* 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, despite the drag of labor unions. * Henry Ford’s risk taking resulted in higher wages for his workers and cheaper cars for his customers. * Business owners are in the crosshairs of the government. Get an extra 3 months Free on a one year package: https://expressvpn.com/gold 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 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

6 Syys 202159min

Summer Data Swoon Puts Fall Taper in Doubt – Ep 728

Summer Data Swoon Puts Fall Taper in Doubt – Ep 728

* 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. * Markets not sure if bad news is good news or if bad news is bad news. Get your new wireless plan for just $15 a month. https://mintmobile.com/gold 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 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

4 Syys 20211h 2min

Tapering the Taper Talk – Ep 727

Tapering the Taper Talk – Ep 727

* 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 proved to the world that the US is no longer a military or economic super power. * America’s biggest export may soon be our used cars. For a limited time, get 40% off a Calm Premium subscription at https://calm.com/gold 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 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

28 Elo 202154min

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