The Real Reason Greece Folded – Ep. 95

The Real Reason Greece Folded – Ep. 95


* As I have been saying all along, the Greek Prime Minister capitulated to German demands
* In fact, he is agreeing to a plan that is more onerous on Greece than the one he encouraged his own people to vote down just over a week ago
* Those who thought Greece held all the cards, that the Eurozone would risk a domino effect of other nations leaving the euro
* I felt Germany held the stronger hand and would push Greece from the Eurozone rather than cave in to Greek demands
* Greece is going to stay a part of the Eurozone, at least for now, because it is the only way they can get the bailout funds they need to sustain Greek socialism
* Greek socialism will be mitigated to a degree, by the austerity demands to cut government spending
* They don't need higher taxes
* If Germany were to allow the Greek debt to be forgiven, the moral hazard for other struggling states would be enormous
* The message Germany is sending is that it did not go well for Greece, it is not going to go well for any country who refuses to get their economic house in order
* Germany demonstrated that membership in the Eurozone is not for life
* This will force other countries to get their house in order
* I don't agree with Greece's choice, although it might be better for Greece in the short than leaving the Eurozone
* No Greek politician wants to accept responsibility for the austerity measures - it is easier to throw the blame over to Germany of Brussels
* Push comes to shove no politician is going to be able to undo Eurozone austerity measures without having to face the music
* Greece has run out of other people's money to fund socialism
* Now their debt to GDP will be over 200%
* They can't pay their debt now - how are they going to pay off a larger debt?
* Part of the austerity measures, included a €50 billion privatization program, similar to the IMP's recommendation years ago
* Greek government assets will be sold off for the benefit of foreign creditors
* I think it would have been best for Europe to kick Greece out and loan them no more money
* The euro is down today, but I think it is a dip to buy the euro
* This move will show the markets that the euro is here to stay
* Greece could have done one of two things:
* Greece could have refused the aid package and defaulted on the debt
* If they got kicked out of the euro, they could still use the euro as currency, they just would not have access to the ECB for bailout
* If this happened, banks would fail; the government would have to downsize, pensions would have to be cut;
* Without a tax income in euros, the government would have to operate on a balanced budget
* Eventually, relieved of the debt they currently owe, they would be about to re-establish better credit
* Greece could then enact real tax reform, become a tax haven in Europe and that would grow the Greek economy
* The liberals will point to Greek economic challenges as proof that cuts in government spending do not work
* It's not about asking the people who are already pulling the wagon to pull harder; it's about the people who are riding in the wagon to get out and start pulling themselves
* Greece needs government level austerity
* The Greek shipping industry is vibrant because it is not taxed
* If shipping is now taxed, it will drive the industry away from Greece
* In order to stimulate business with lower taxes, they would have to leave the Eurozone
* Another choice is to establish a sound drachma backed by gold
* Where would they get the gold? From privatization of assets
* I would use the proceeds to back up my currency
* Alternatively, they could back the currency with a Foreign Exchange Reserve
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Episoder(1094)

Trump Starts the Race to Get Out of the Dollar

Trump Starts the Race to Get Out of the Dollar

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22 Jan 1h 3min

The Real Crash Is Finally Here

The Real Crash Is Finally Here

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21 Jan 58min

Strong Fundamentals and Technicals Send Gold and Silver to Record Highs

Strong Fundamentals and Technicals Send Gold and Silver to Record Highs

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17 Jan 30min

Trump Fed Feud Sends Gold and Silver Soaring

Trump Fed Feud Sends Gold and Silver Soaring

Peter Schiff examines the soaring prices of gold and silver, critiques Trump's Fed policies, and discusses the implications for the dollar and global markets.This episode is sponsored by NetSuite. Download the free “demystifying ai” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff delves into the escalating feud between former President Trump and Federal Reserve Chairman Jerome Powell, examining the implications for gold and silver markets. Peter highlights the recent surge in precious metals, driven by Powell's legal troubles and Trump’s controversial proposals, including a proposed cap on credit card interest rates. As Schiff critiques the mainstream media's dismissal of these significant market movements, he emphasizes the necessity for investors to reassess their positions amid a potential dollar crisis. With insights into the realities of monetary policy and the threats to financial stability, Peter Schiff offers a compelling analysis of the current economic landscape.Chapters:00:00 Introduction and Market Overview01:04 Precious Metals Surge04:19 Gold and Silver Mining Stocks06:08 Mainstream Media's Take on Gold11:05 Jerome Powell's Legal Troubles18:50 Trump vs. Powell: The Fed Feud24:06 Implications for the Dollar and Gold31:15 Bitcoin and Other Markets32:28 Trump's Proposed Credit Card Interest Cap32:55 Credit Card Interest Rates and Government Intervention33:58 Comparing Trump and Kamala Harris on Price Controls35:23 The Reality of Credit Card Market Competition39:58 Consequences of Capping Credit Card Interest Rates43:38 Trump's Views on Presidential Power and Foreign Policy49:25 Economic Implications and Investment Advice01:00:01 Final Thoughts and Call to ActionFollow @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#TrumpFedFeud #GoldAndSilver #EconomicImplicationsOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

13 Jan 59min

Precious Metals Start 2026 With Strong Gains

Precious Metals Start 2026 With Strong Gains

In this Schiff Gold Friday Market Wrap, Peter Schiff breaks down the explosive start to 2026 for precious metals after a historic 2025: gold surged, silver and platinum ripped higher, and mining stocks finally confirmed the bull market by outperforming the metals. Peter explains why this is no longer “just a gold story,” why silver’s breakout likely reset support far above the old $50 ceiling, and why miners still look cheap despite massive gains.He also warns that 2026 could bring a physical silver squeeze—rising demand, tightening supply, and potential premium spikes that may make getting silver harder than simply watching the spot price. Peter connects the metals move to the bigger macro backdrop: de-dollarization, ballooning U.S. deficits and debt, weakening labor data, rising global yields (including Japan), and policy-driven inflation pressures.Finally, he revisits the fading “Bitcoin as digital gold” narrative—why Bitcoin lagged while real money led, and why that shift could accelerate capital flows toward gold, silver, and mining stocks in 2026.⭐️ 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

10 Jan 58min

Year-End Special: My 2026 Economic and Market Forecasts

Year-End Special: My 2026 Economic and Market Forecasts

Silver didn’t just rally in 2025 — it broke out. After blasting through the multi-decade $50 ceiling and printing a violent spike into the $80s, silver finished the year still above $70, up roughly 140% while gold surged 64%. Meanwhile, the asset CNBC swore would win the year — Bitcoin — finished down, and Michael Saylor’s Strategy (MicroStrategy) collapsed to a fresh 52-week low.In this episode, Peter Schiff explains why the “blow-off top” narrative is wrong, why silver’s skepticism is actually bullish, and why this breakout is the start of a new leg higher — not the end. He also lays out why 2026 is shaping up as stagflation (weaker growth + stronger inflation), why tariffs will filter into consumer prices, why the Fed will face massive political pressure to cut and monetize, and why capital is rotating out of U.S. assets and into precious metals, commodities, foreign stocks, and emerging markets.If you’re still treating Bitcoin as “digital gold,” this is your warning shot: silver is signaling something big — and crypto may be next to unwind.👉 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

1 Jan 48min

Silver Rocket, Bitcoin Breakdown: Why Metals Are Crushing Crypto (2025 Recap)

Silver Rocket, Bitcoin Breakdown: Why Metals Are Crushing Crypto (2025 Recap)

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27 Des 202530min

Silver's Epic Rally Signals Bitcoin's Imminent Collapse

Silver's Epic Rally Signals Bitcoin's Imminent Collapse

Peter Schiff forecasts an imminent Bitcoin crash, critiques Trump's economic policies, and highlights the surging silver market in this episode of The Peter Schiff Show.The Peter Schiff Show Podcast - Ep 1054In this episode of The Peter Schiff Show, Peter Schiff dives deep into the implications of Silver's recent surge and the ominous signs of an impending Bitcoin collapse. With keen insights, he critiques the current economic landscape shaped by Trump's policies and discusses the ramifications of AI and automation on the job market. Schiff questions the reliability of government statistics, emphasizing the looming risks of inflation and the realities of the labor market. He also warns listeners about the dangers of understanding the cryptocurrency market, urging them to reconsider their investments in light of potential economic turmoil. This episode embodies Schiff's unwavering commitment to revealing the truth behind financial markets and advocating for sound investment strategies.Chapters:00:00 Introduction and Opening Remarks00:54 Holiday Plans and Podcast Schedule03:24 Silver Market Analysis07:49 Gold and Silver Investment Advice11:09 Jobs Report and Inflation Data22:18 Trump's Economic Policies and Critique33:41 AI and Automation Discussion34:59 The Flawed Logic of Anti-AI Sentiment35:50 Bernie Sanders and the AI Debate37:25 Trump's Media Ventures and Financial Maneuvers44:39 The Looming Bitcoin Crash50:38 Investment Strategies and Market Predictions59:31 Supporting Independent Music01:03:24 Final Thoughts and Holiday WishesFollow @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#BitcoinCrash #SilverInvestment #EconomicPoliciesOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

19 Des 20251h 4min

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