The Great Rate Hike Hoax – Ep. 116

Peter Schiff discusses Black Friday's origin, American consumerism, the nation's heavy reliance on imports, and Trump's economic policies.This episode is sponsored by:OneSkin: Get 15% off OneSkin with the code GOLD at https://oneskin.coLucy: Go to https://lucy.co/gold and use promo code GOLD to get 20% off your first orderPeter Schiff discusses the concept of Black Friday and its origins, contrasting it with current perceptions of economic strength. He delves into the United States' heavy reliance on imported goods, listing numerous products and categories predominantly produced abroad. Schiff criticizes American consumer habits, particularly the reliance on debt for holiday spending, and challenges the notion of economic strength based on consumption rather than production. He critiques Donald Trump's trade policies, immigration stance, and economic strategies, arguing that America's perceived strength is a myth dependent on unsustainable consumption and foreign production. Schiff also touches on the impracticality of Trump's proposals for cutting government spending and tariffs, emphasizing the need for long-term investments and sacrifices to rebuild America's productive capacity.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiffChapters:00:00 Introduction and Opening Remarks01:45 The History and Significance of Black Friday05:03 Economic Misconceptions and Consumer Behavior08:57 The Reality of American Consumption11:01 Trump's Views on the Dollar and BRICS17:49 The Consequences of Losing Foreign Goods30:57 America's Dependence on Imported Goods31:19 The Coffee and Seafood Shock33:09 Produce and Other Imports33:59 The Illusion of a Strong Economy36:42 The Reality of American Imports38:30 Trump's Economic Promises and Reality39:14 The Challenge of Reindustrializing America43:36 Immigration and Labor Policies49:23 Tariffs and Government Spending51:59 The Future of the American Economy01:01:10 Conclusion and Final Thoughts#AmericanEconomy #BlackFridayHistory #EconomicPolicyPrivacy & Opt-Out: https://redcircle.com/privacy

2 Des 202457min

Peter Schiff discusses Thanksgiving's capitalist roots, the Pilgrims' failed socialism, tariffs' economic impact, and recent market trends.Cut your wireless bill to $15/month at http://mintmobile.com/gold.Visit http://indeed.com/peter to start hiring now.Peter Schiff's Thanksgiving special podcast from St. Barths offers a compelling narrative on the history and lessons of Thanksgiving, celebrating capitalism over socialism. Drawing parallels between the early Pilgrims' failed communal experiment and Karl Marx's theories, Schiff emphasizes the pivotal role of individual incentives and free markets. He transitions into discussing current economic data, trade deficits, and the impact of tariffs under the Trump administration, debunking common economic misconceptions. Schiff argues that tariffs harm the US economy more than they benefit it and critiques government monetary policies, predicting economic challenges ahead. He concludes with reflections on the resilience of human nature and the enduring principles of capitalism.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiff00:00 Introduction02:24 Thanksgiving and Capitalism05:14 The Pilgrims' Experiment with Socialism09:28 The Shift to Capitalism and Its Success12:22 Modern Implications of Pilgrims' Lessons18:38 Gold Market and Global Economy26:19 Impact of Tariffs on the Dollar30:16 Final Thoughts Before Break32:11 Debunking Tariffs and the Strong Dollar Myth33:49 The Impact of Tariffs on Trade Deficit36:38 Manufacturing Sector and Economic Weakness40:48 Tariffs and Inflation: A Misunderstood Relationship44:17 Global Trade and Comparative Advantage49:37 Economic Data and Market Reactions57:35 Conclusion and Final Thoughts#capitalism #Tariffs #ThanksgivingPrivacy & Opt-Out: https://redcircle.com/privacy

27 Nov 202455min

Go to https://Lucy.co/GOLD and use promo code gold get 20 percent off your first order. Go to https://LegalZoom.com and use promo code SCHIFF to get 10% off. LegalZoom is not a law firm and does not provide legal advice, except where authorized through its subsidiary law firm LZ Legal Services, LLC.https://www.youtube.com/watch?v=ne__pTRAenc&t=42s🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiffPrivacy & Opt-Out: https://redcircle.com/privacy

24 Nov 202453min

Bitcoin hits new highs; MicroStrategy's risky Bitcoin investments; Trump's impact; misallocation in crypto; China's strategic investments; UK labor rights.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldGet $10 off your first month’s subscription + free shipping at https://nutrafol.com when you use promo code GOLDPeter Schiff critiques the hype surrounding Bitcoin and MicroStrategy's investment strategies, attributing Bitcoin's recent gains to speculative fervor tied to political promises by figures like Donald Trump and Robert Kennedy Jr. He argues that such speculative bubbles harm the economy by misallocating resources. Schiff contrasts these developments with China's strategic investments in infrastructure, which bolster their economic position. He also discusses the implications of labor laws in the UK and their potential to backfire by increasing automation and outsourcing. Schiff concludes by emphasizing the ongoing devaluation of the dollar and the risks posed by continued abandonment of the gold standard.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiff00:00 Introduction and Opening Remarks01:38 Bitcoin's Record Highs and Market Dynamics02:37 Trump's Influence on Bitcoin09:16 MicroStrategy's Bitcoin Strategy17:45 Commercial Break19:03 Bitcoin Bubble and Market Criticism23:40 Gold Standard and Economic Perspectives25:49 Bitcoin vs. Gold Debate31:22 Commercial Break31:46 Holiday Season and Hair Health32:00 Nutrafol: The Ultimate Hair Growth Solution33:27 The Cost of Healthy Eating37:39 Impact of Immigration Policies43:29 UK's Labor Bill of Rights57:33 Conclusion and Upcoming Events#Bitcoin #MicroStrategy #goldPrivacy & Opt-Out: https://redcircle.com/privacy

20 Nov 202455min

Analyzing bond yields, Fed policies, national debt impacts, and contrasting Bitcoin's speculative rise against gold's decline post-Trump win.📣 Sign up for a $1/month trial period at https://shopify.com/gold📣 ExpressVPN: Get an extra 3 months free. https://expressvpn.com/goldIn this episode, Peter Schiff explores the current market trends led by the bond market and their broader impacts. He discusses the recent high yields on U.S. Treasuries, Fed rate cuts, and inflation adjustments. Schiff critiques the enormous rise in national debt under both Trump and Biden administrations and cautions against further deficit spending. He delves into the implications of rising interest rates on the housing market, the dollar's strength, and gold prices. Schiff also comments on the speculative nature of Bitcoin, and the potential consequences of the U.S. government's proposed involvement in Bitcoin transactions. He shares his skepticism about the Department of Government Efficiency and the unrealistic expectations for spending cuts. Peter Schiff emphasizes the importance of sound economic policies and the dangers of continued fiscal irresponsibility.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiff00:00 Introduction: The Trump Trade and Bond Market Dynamics02:13 Impact of Fed Rate Cuts on Treasury Yields03:34 National Debt and Presidential Records07:08 Bitcoin vs. Gold: Market Reactions07:44 Senator Loomis' Bitcoin Proposal10:57 Sarcastic Social Security Plan with Bitcoin17:19 Debunking the Strong Economy Narrative19:22 Rising Interest Rates and Inflation Concerns26:24 Department of Government Efficiency: A Joke?30:39 Challenges in Cutting Government Programs31:03 Reagan's Failed Attempts and Trump's Prospects32:13 The Reality of Government Job Cuts33:48 Trump's Spending Promises vs. Reality36:50 Bitcoin and the Financial Bubble44:51 The Constitutional Debate on Money Printing50:35 The Federal Reserve's Role and Independence53:00 Conclusion and Future Outlook#FederalReserve #TrumpTrade #BitcoinPricePrivacy & Opt-Out: https://redcircle.com/privacy

16 Nov 202452min

Markets soar on Trump's return, skepticism persists. Budget deficits, trade issues, and economic challenges under scrutiny.For 20% off your Momentous order, head to https://livemomentous.com and use code GOLD.Peter Schiff dissects the economic landscape post Donald Trump's re-election, contrasting the current market euphoria with his skepticism. He discusses the stock market's all-time highs, driven by nominal gains, and expresses doubt about a sustainable 'Trump Boom' given historical failures to address trade and budget deficits. Schiff emphasizes the worsening economic conditions since 2016, highlighting higher interest rates, increased national debt, and a fragile economy. He questions Trump's proposed tax cuts and deregulation policies, arguing they are not a panacea and may exacerbate economic problems. With no clear plan from the Federal Reserve to tackle stagflation, Schiff advises listeners to be wary of the current market optimism and consider investing in foreign stocks and gold.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiffTimestamps:00:00 Trump Mania and Market Reactions02:07 Trump's Economic Promises and Failures03:05 Challenges Facing Trump's Second Term04:59 Tax Cuts and Economic Realities09:26 Global Economic Trends and Comparisons21:48 Investment Strategies and Market Predictions30:07 Fed Rate Cut and Economic Implications31:34 Monetary Policy and Debt Levels32:32 Gold Price Movements and Press Conference Insights33:38 Inflation Shock and Central Bank Policies37:06 Fed's Stance on Fiscal Policy and Deficits42:00 Election Results and Economic Perception45:21 Stagflation Concerns and Fed's Response49:40 Investment Strategies and Market Outlook53:46 Conclusion and Call to Action#TrumpEconomics #MarketPredictions #InvestmentStrategyPrivacy & Opt-Out: https://redcircle.com/privacy

8 Nov 202452min

Trump wins 2024, repeating 2016 win. Markets react with highs, despite unchanged economy woes. Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldPeter Schiff offers an in-depth analysis of Donald Trump's historic second term win, comparing it to Grover Cleveland's non-consecutive terms. Schiff critiques Trump's economic promises, tax cuts, and deregulation efforts, arguing they complicate existing fiscal problems rather than providing solutions. He highlights the disparity between media portrayal of the economy and the public's experience, emphasizing long-term issues such as the escalating national debt and rising interest rates. Schiff also discusses market reactions, potential impacts on stocks, cryptocurrencies, and commodities like gold. He delves into media bias and corruption, his own legal battles, and concerns for future economic stability under Trump's presidency.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiff00:00 Introduction and Opening Statements01:22 Trump's Historical Win and Economic Analysis06:38 Media Reactions and Public Sentiment11:10 Market Reactions and Financial Implications20:40 Comparing Economic Conditions: 2016 vs. 202425:47 Challenges Ahead for Trump's Second Term32:42 Political Gridlock and Tax Cuts33:45 Impact of Tax Cuts on Tips and Overtime34:45 Consequences of Exempting Social Security from Taxes36:21 Inflation and Economic Concerns38:17 Historical Context: Liz Truss and Tax Cuts39:59 The Bond Market's Role in Economic Stability44:02 Trump's Economic Promises and Realities46:04 Criticism of Trump's Policies50:11 Personal Legal Battle and Government Corruption01:01:41 Conclusion and Call to Action#TrumpWin #EconomicAnalysis #GovernmentCorruptionPrivacy & Opt-Out: https://redcircle.com/privacy

7 Nov 20241h

Peter Schiff analyzes recent economic data, jobs report, GDP numbers, inflation concerns, and criticizes government policies. He discusses impacts on markets, gold, and cryptocurrency.Support our sponsors:Get 15% off OneSkin with the code GOLD at https://www.oneskin.coGet $20 credit by being one of the first 500 traders. https://kalshi.com/goldNew song "Jerk" by Laughing Cats: https://open.spotify.com/album/6lCPwgHxmdSoPffsPofkXa🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://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/peterschiffTimestamps:01:41 Economic Data Overview02:41 GDP and Consumer Spending Analysis03:55 Inflation and Government Spending06:23 Job Cuts and Personal Income12:28 Manufacturing Sector Insights15:09 October Jobs Report Preview15:23 Sponsor Message: OneSkin17:05 Personal Update and Music Promotion19:56 October Jobs Report Analysis26:24 Market Reactions and Predictions29:46 Sponsor Message: Kalshi34:51 MicroStrategy vs. Newmont Mining: A Market Analysis42:23 Bitcoin and Market Sentiment45:24 The Contrarian Investment Approach46:31 The Importance of a Constitutional Republic47:34 The Trump Economic Miracle: Fact or Fiction?50:49 Voting Strategy for Libertarians56:51 Conclusion and Final Thoughts#gold #mstr #bitcoinPrivacy & Opt-Out: https://redcircle.com/privacy

1 Nov 202453min