Yellen Admits Rates Could Stay at Zero Forever – Ep. 110

Yellen Admits Rates Could Stay at Zero Forever – Ep. 110


* Tuesday's podcast was titled, "Will She or Won't She?" referring to whether or not Janet Yellen would announce an interest rate hike for the first time in almost 7 years
* Today we got the official answer: "No."
* For the 54th consecutive time, the Fed has left interest rates unchanged at zero
* What is even more amazing, in the Q&A immediately following the announcement, Janet Yellen admitted that she could not rule out the possibility that interest rates would stay at zero forever
* A reporter asked her if the Fed may be trapped at zero forever
* Among the excuses the Fed used was problems in overseas markets, which opens up a grab bag of excuses for the Fed conveniently explain why it is not going to raise rates
* I said from the beginning the Fed has no intention of raising rates
* They also mention that these problems may spill over into the U.S. economy
* She also mentioned additional problems in the labor force: wages, people re-entering the workforce and more full-time jobs
* That is not going to improve in the next three months, yet the Fed is still pretending that it could raise rates in October or December
* Yellen is also no ruling out that the Fed could keep interest rates at zero forever, so who cares about what she won't rule out?
* Janet Yellen answered the reporter's question by saying, " We don't think we are going to be in that situation, however I can't rule it out."
* So the fact that she is not ruling out an October or December rate hike means nothing, because she also can't rule out zero interest rates forever
* What else does this tell you?
* She is concerned that rates will be at zero for a long time
* Janet Yellen believes that the Fed could actually keep interest rates forever
* They won't even stay at zero for the end of this decade because ther is going to be a currency crisis that forces the Fed to raise rates
* The only reason the Fed has maintained the illusion of control for so long is that the market is believing them
* When They figure what the Fed is really doing, then it is over with
* Then the dollar will tank, creating upward pressure on inflation
* They will have to raise rates; market will not give them a choice
* Janet Yellen does not know this
* Another reporter asked her if the Fed will adjust their policy if inflation gets to inflation sooner than anticipated
* Yellen went out of her way to state that 2% is the target, but not the ceiling
* I think the Fed does not have a ceiling, but the market does
* Another interesting discussion was regarding the balance sheet
* The Fed can't start shrinking the balance sheet until they raise rates
* Yellen admitted that since rates are still at zero, they are pushing back the time when the Fed will begin shrinking the balance sheet
* If the Fed never raises rates, then it can never shrink its balance sheet
* The Fed may never raise rates on its own volition: I know eventually they will have to raise rates
* And then it will be a complete catastrophe
* But everybody is still pretending everything is great, maybe the Fed will raise rates in October of December
* Here's another interesting development: the market was up all day but it sold off down 65 points. A pretty big reversal.
* Ultimately the Fed will have to officially take rate hikes off the table
* What kind of bad news will they need to do that?
* We got bad news today: Housing Starts were significantly below estimates and the prior month was revised down
* Bloomberg Consumer Comfort Index had its second lowest week in a year
* The worst number that came out was Philly Fed - was expected to come in at +6, but actually came in at -6
* The biggest miss in 4 years
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Episoder(1085)

Do the Math: The U.S. is an Insolvent Zombie Nation – Ep 577

Do the Math: The U.S. is an Insolvent Zombie Nation – Ep 577

Market rallying on hope and hype. Trump’s odds of winning re-election continues decreasing. Chinese trade deals unwind. Stimulus more dangerous than virus. Everything that can go wrong, likely will go wrong, all at the same time. American taxpayers stuck with 8 years of tax debt and counting. We are a zombie country and the world is about to find out we’re insolvent. Jerome Powell saying the antithesis of what a Fed Chair should be saying. Investors have a lot left to learn, which leaves gold stocks a lot of room to gain. RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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

27 Mai 202055min

Paul Krugman & Stephen Moore Agree – Ep 576

Paul Krugman & Stephen Moore Agree – Ep 576

Paul Krugman & Stephen Moore are both advocating the same policies. Price for plane tickets are skyrocketing. Q&A RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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 Mai 20201h 28min

Fed To Go All-In On No-Limit QE – Ep 575

Fed To Go All-In On No-Limit QE – Ep 575

Markets rose yesterday on promising vaccine news and Jerome Powell interview. Printing money doesn’t solve economic problems, it compounds them. Powell admits there is no limit to the amount of inflation the Fed will create. Gold stocks make new highs for the year. Another big jump for the price of silver. Best way for some to buy gold right now is with silver. Government borrowing half of the money it spends. Most of the world’s currencies at all-time records lows against gold. RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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

19 Mai 202050min

Nothing That Can’t Last Forever Will -Ep 574

Nothing That Can’t Last Forever Will -Ep 574

Quiet day in the stock market. More jobs lost than expected. Fed’s balance sheet moves through $7 Trillion. Ron Insana says big deficits are not a problem. Next crisis will happen overnight. Retails sales declining fast, even as shoppers hoard groceries. Netflix and Amazon are not COVID investments. Federal Reserve illegally grabbed the authority to do what It’s doing. Gold is at the beginning of a big rise. Buying the stock market is not contrarian. Bitcoin is not an inflation hedge. Q&A RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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 Mai 20201h 21min

The Debt Bomb Has a Shorter Fuse Than Anyone Thinks – Ep 573

The Debt Bomb Has a Shorter Fuse Than Anyone Thinks – Ep 573

Financials take out new lows today before rallying the market positive. Tech stocks providing false sense of security for the markets. Powell throws cold water on negative interest rate expectations. Trump beats the drums demanding negative interest rates. Betting odds increase on Democrats taking the Senate. Congressman now proposing to pay people to go off unemployment. Restaurants will not recover from this. Entrepreneurs and business owners are the real heroes, not teachers. Swedish response was more responsible. Inflation is a consequence of government, never the private sector. Gold and gold stock charts looking great as markets start to roll over. Home builders are in trouble. RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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

14 Mai 202049min

Ignore the CPI: Inflation is a Huge Problem – Ep 572

Ignore the CPI: Inflation is a Huge Problem – Ep 572

Stock market drops. CPI lowest since 2008. Prices will begin rising higher and sooner than most expect. $2000 monthly UBI proposed for Americans as young as 16 years old Socialists love coronavirus even more than they love climate change. Norwegian Airlines sets an example the US should follow. Bitcoin halves. RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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

12 Mai 202053min

Most of the Lost Jobs Aren’t Coming Back – Ep 571

Most of the Lost Jobs Aren’t Coming Back – Ep 571

Market rallies on worst jobs report in history. Decimated gig economy isn’t even factored in. Majority of service industry jobs are not coming back. If nobody’s producing, nobody’s consuming. Market’s now factoring in negative interest rates. Second wave of layoffs coming. Businesses now at risk of regular shutdowns. RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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

9 Mai 20201h 13min

The Economy is Far Weaker than Investors Believe – Ep 570

The Economy is Far Weaker than Investors Believe – Ep 570

Fog lifting on the recovery narrative. Tech stocks strong on hope. Government ready to sacrifice other businesses to save Boeing. Fed feeding the same BS from 2008 about unwinding stimulus. Financial stocks are the canaries in the coal mine, and they’re dropping dead. National Debt passes 25 trillion dollars. RATE AND REVIEW the Peter Schiff Show Podcast 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 Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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 Mai 202056min

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