CNBC Calls Me Out on Gold – Ep. 126

CNBC Calls Me Out on Gold – Ep. 126


* Recording this podcast on Monday afternoon; the stock market closed about an hour ago, and the stock market was up over 100 points today, but the more dramatic days happened on Thrusday and Friday
* Despite the initial euphoric increase in the stock market that greeted the Fed's highly anticipated quarter-point rate hike on Wednesday the market tanked on Thursday and Friday, down over 600 points
* The most significant part of the sell-offs is that on both days the markets closed on the lows for the day
* The Fed is getting dangerously close to losing what remains of its credibility
* The Credibility Bubble might be the first to deflate in this recession
* The Fed has been saying that the economy would be strong enough for a rate hike by the end of the year, so if they did not raise rates in December it would have been an admission that they were wrong
* The Fed raised rates even though the economic data showed that, based on their own criteria, they should not have done it
* More and more people are questioning whether the Fed has made a policy mistake
* Look at the data that came out since the rate hike:
* On Friday we got the PMI Flash Services Index came out at 53.7 - last month it was 56.5
* The Kansas City Fed Manufacturing - last month was +1 and December was -8
* Today we got the Chicago Fed National Activity, expected to be +.15 for November, instead it came out at -.3 and they revised down the prior month to -.17
* With all the horrible economic data, horrible retail sales, horrible corporate earnings it is obvious that the U.S. economy is heading toward recession
* As the economy slows and the Fed is forced to admit it was wrong, there goes it's credibility
* This coming collapse is the culmination of decades of bad monetary policy
* Where we really went off the rails was in the Greenspan era, which sent us off on this trajectory of loose money
* Yellen admitted in her recent press conference that they will still roll over all the maturing bonds and re-investing all the interest on those bonds so the Fed's balance sheet will continue to grow
* The bubble economy will blow up in her face, though, because the market will not be able to withstand a sustained correction and it will require unprecedented quantitative easing that will result in failure
* I wanted to discuss on this podcast an Sunday eening article on CNBC, "The Peter Meter" that really took me to task on my gold predictions
* They did not look at any of my many accurate predictions; they focused on the ones that haven't worked out
* They singled me out for criticism on an 2012 interview I did with them when gold was at $1,700 and I said it could go to $5,000. I never put a time horizon on my prediction, but this was labled as one of the worst
* Back in 2005 I did an interview with Mark Haynes when gold was still below 500 and it more than tripled from that price
* You can see articles I wrote recommending gold back in 2003 when gold was even below 500.
* It is true that I did not see the near 40% correction in the price of gold because I thought the market would see past the bubbles
* CNBC claims my prediction to be among the least prescient ever made
* Twice in the last 15 years the U.S. stock market lost more than half its value
* Anybody who was on CNBC in 1999 and recommended the stock market, which was about every guest, made a worse prediction than that
* Every guest on CNBC in 2007 and 2008 and recommended the stock market made a worse prediction
* What about all the dot com stocks that went to zero?
* Obviously, CNBC is singling my gold prediction out above these other significantly less prescient predictions
* If you look at all the predictions on CNBC over the years, Privacy & Opt-Out: https://redcircle.com/privacy

Episoder(1075)

Trump Hits Americans With More Tariffs - Ep 1043

Trump Hits Americans With More Tariffs - Ep 1043

Peter Schiff discusses the surge in precious metals, critiques Trump's tariffs on various industries, and warns of impending economic challenges ahead.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 issues affecting the global economy, including the surge in precious metals, the implications of new tariffs imposed by the Trump administration, and the shifting landscape of investment portfolios. Peter highlights the recent performance of gold and silver as inflation hedges, scrutinizing the misguided narratives surrounding cryptocurrency and stock market valuations. He emphasizes the critical need for sound economic policies that prioritize free market principles over government intervention. As he breaks down the latest market trends and economic indicators, Peter Schiff provides listeners with a reality check on the true state of the economy while advocating for the importance of gold and silver in any investment strategy. Tune in for an insightful analysis that challenges mainstream economic beliefs.Chapters:00:00 Introduction and Opening Remarks01:02 Precious Metals Market Update02:57 Gold and Silver Performance Analysis06:38 Bitcoin and Cryptocurrency Insights08:52 Morgan Stanley's Portfolio Adjustment22:44 Stock Market Valuation and AI Investments29:33 Inflation and Rising Costs29:59 Disney's Price Hike and Real Inflation30:57 Personal Income and Spending Data32:14 Fed's Rate Cuts and Economic Impact34:13 Trump's H-1B Visa Policy39:46 Impact of Tariffs on Economy53:58 Trump's Gold and Platinum Cards56:16 Conclusion 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#TrumpTariffs #GoldInvesting #PreciousMetalsMarketPrivacy & Opt-Out: https://redcircle.com/privacy

26 Sep 56min

Fed's Biggest Policy Mistake Yet - Ep 1042

Fed's Biggest Policy Mistake Yet - Ep 1042

Peter Schiff critiques the Fed's latest rate cuts, discusses inflationary pressures, and highlights the looming housing affordability crisis.This episode is sponsored by Hims. Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff delves into the Federal Reserve's latest rate cuts, discussing the implications of these policy decisions on the economy and inflation. With a sharp critique of Fed Chairman Jerome Powell's recent statements, Schiff highlights the potential risks to economic stability and the growing divergence of opinions within the Fed. He explores the impact of tariffs on inflation, the ongoing housing affordability crisis, and the dangers of cutting rates amidst record-high asset prices. Schiff's insights underscore the fallacy of the Fed's mandates and the dire consequences of monetary policy missteps, positioning him as a critical voice amid economic uncertainty. Tune in for a thought-provoking analysis that challenges mainstream narratives and exposes the reality behind the Fed's actions.Chapters:00:00 Introduction and Opening Remarks00:58 Fed Rate Announcement and Market Expectations02:00 Press Conference Highlights and Powell's Statements10:03 Discussion on Tariffs and Inflation19:27 Threats to Fed Independence and Political Influence21:38 Divergence of Opinions within the Fed30:25 Debating Interest Rates and Inflation31:12 The Fed's Impossible Mandates33:42 Unemployment Rate Realities35:09 Quantitative Tightening and Market Reactions37:33 Housing Affordability Crisis40:59 Government Policies and Market Solutions46:42 Stock Market and Gold Predictions52:59 Investment Strategies 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#FedPolicy #InterestRates #InflationPrivacy & Opt-Out: https://redcircle.com/privacy

18 Sep 54min

Charlie Kirk Was Right - Ep 1041

Charlie Kirk Was Right - Ep 1041

Peter Schiff critiques the August CPI report, warns of rising inflation, and reflects on the tragic assassination of Charlie Kirk.This episode is sponsored by NetSuite. Download the free ebook “navigating global trade: 3 insights for leaders” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff delves into the latest economic insights surrounding the August Consumer Price Data and its implications for Federal Reserve policy. He critiques government labor market statistics, asserting their unreliability and the significant discrepancies between reported job growth and actual economic conditions. Schiff discusses the potential repercussions of anticipated rate cuts, the rising concerns over inflation, and the implications for gold and silver investments. He also reflects on recent tragic events, including the assassination of prominent political commentator Charlie Kirk, highlighting the societal implications of such violence. Tune in as Schiff navigates these pressing topics, offering his unfiltered perspective on the current economic landscape and its future trajectory.Chapters:00:00 Introduction and Opening Remarks00:58 Anticipation of August Consumer Price Data01:43 Analysis of CPI Report and Fed's Inflation Target03:26 Critique of Government Data and Labor Market04:53 Impact of Job Market on Fed's Rate Decisions07:05 Historical Context and Fed's Policy Shifts07:50 Market Reactions and Predictions22:48 Gold and Silver Investment Insights27:33 Performance of Gold Stocks vs. S&P 50037:22 Economic Outlook and Policy Implications39:38 Economic Challenges and Predictions40:45 The Future of Gold and Inflation42:44 Government Jobs and Economic Impact45:04 Trump's Renaming of Departments47:08 Remembering 9/11 and Its Aftermath48:25 The Tragic Assassination of Charlie Kirk53:18 Racial Double Standards in Media01:02:14 Impact of Welfare Policies on Black Families01:16:49 Concluding Thoughts and ReflectionsFollow @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#CharlieKirk #Inflation #EconomicOutlookPrivacy & Opt-Out: https://redcircle.com/privacy

12 Sep 1h 16min

An Independent Fed May Be Ruled Unconstitutional - Ep 1040

An Independent Fed May Be Ruled Unconstitutional - Ep 1040

Peter Schiff critiques the August jobs report, analyzes the Federal Reserve's actions, and discusses the implications for gold and the U.S. dollar.This episode is sponsored by Lucy. Go to https://lucy.co/gold and use promo code GOLD to get 20% off your first orderIn this episode of The Peter Schiff Show, host Peter Schiff dives deep into critical economic issues affecting the United States, including a thorough analysis of the latest August Jobs Report, which reveals a troubling trend of job losses reminiscent of the Great Recession. He critiques the economic policies of former President Trump, highlighting the stark contrast between the current labor market and its portrayal as robust by the Federal Reserve. Schiff also explores the implications of a potential constitutional ruling on the independence of the Federal Reserve and its impact on inflation and the dollar. Chapters:00:00 Introduction and Opening Remarks01:26 Discussion on the August Jobs Report04:04 Critique of Trump's Economic Policies07:47 Analysis of the Federal Reserve's Actions14:18 Housing Market Concerns26:29 Gold and Silver Market Insights30:57 Bitcoin vs. Gold: A Comparative Analysis31:29 Bitcoin's Performance Over the Years31:49 The Rise of Bitcoin ETFs and Treasury Companies34:00 The Supreme Court and the Federal Reserve35:40 Constitutional Scrutiny of the Federal Reserve37:16 The Independence of the Federal Reserve48:04 Historical Context of Paper Money in the U.S.55:07 The Future of Gold and the U.S. Dollar56:03 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 #BitcoinVsGold #EconomicAnalysisPrivacy & Opt-Out: https://redcircle.com/privacy

5 Sep 57min

Donald Trump Is Wrong - The Peter Schiff Show Ep 1039

Donald Trump Is Wrong - The Peter Schiff Show Ep 1039

Peter Schiff examines Trump's unconstitutional tariffs, the implications for the gold market, and the potential economic consequences ahead.This episode is sponsored by Hims. Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff dives deep into the pressing economic issues surrounding Donald Trump's policies, including his controversial tariffs and their constitutional implications. Schiff provides a thorough analysis of the gold market, illustrating its current strength amidst a backdrop of increasing uncertainty in the dollar's value. He discusses Trump's attempts to influence the Federal Reserve, highlighting the potential legal and ethical ramifications of such actions. With a critical eye, Schiff underscores the economic consequences of these policies and advocates for investing in gold as a hedge against the impending financial turmoil. Join Schiff for an insightful exploration of the realities facing the economy today and the strategies for navigating them successfully.Chapters:00:00 Introduction and Opening Remarks00:54 Labor Day Weekend Podcast Announcement02:08 Gold Market Analysis04:28 Trump's Tariffs and the Constitution15:58 Commercial Break17:49 Market Reactions and Predictions27:16 Trump and the Federal Reserve30:27 Trump's Strategy to Control the Fed31:50 Legal and Ethical Implications35:56 Economic Consequences of Trump's Policies47:07 The Role of Gold in Economic Stability51:44 Investment Strategies and Market Predictions56:58 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#DonaldTrump #GoldMarket #EconomicPoliciesPrivacy & Opt-Out: https://redcircle.com/privacy

1 Sep 55min

Powell Gets His Mind Right - The Peter Schiff Show Ep 1038

Powell Gets His Mind Right - The Peter Schiff Show Ep 1038

Jerome Powell’s Jackson Hole speech marks a major pivot at the Federal Reserve. Peter Schiff explains how political pressure from the Trump administration has forced Powell’s hand, why stagflation is now undeniable, and what this means for gold, the dollar, and the future of the U.S. economy.This episode is sponsored by NetSuite. Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this Sunday Night Live edition of The Peter Schiff Show, Peter compares Powell’s capitulation to the “mind right” scene in Cool Hand Luke, warns about the Fed’s coming return to QE, and exposes the dangerous precedent of the U.S. government seizing a 10% stake in Intel. Schiff lays out why gold, silver, and foreign stocks are outperforming, and why the next phase of the crisis will be even more severe.00:00 Introduction and Opening Remarks02:15 Powell’s Jackson Hole Speech: A Sober Assessment06:48 Trump’s Pressure and Powell’s “Mind Right” Moment12:02 Comparing Trump and Biden Economies18:37 Stagflation Confirmed: Weak Growth, Stronger Inflation24:10 Fed Policy, Employment Risks, and Inflation Mandate29:44 The End of Inflation Averaging at 2%36:50 Rate Cuts, Quantitative Tightening, and QE Ahead44:15 Market Reactions: Stocks, Bonds, and the Dollar51:28 Gold and Silver Surge vs. Bitcoin’s Underperformance58:44 Mining Stocks: GDX and GDXJ Leading 2025 Returns01:05:37 Foreign Stocks and the Great Rotation Out of U.S. Equities01:12:52 Intel’s 10% Government Stake and Rising Corporatism01:20:46 Investment Strategy: Gold, Mining, and Foreign Markets01:28:14 Conclusion and Schiff Sovereign UpdateFollow @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 #stagflation #gold #inflation #dollarcollapse #economyPrivacy & Opt-Out: https://redcircle.com/privacy

25 Aug 1h 1min

Trump Administration Planning to Hijack the Fed - The Peter Schiff Show Ep 1037

Trump Administration Planning to Hijack the Fed - The Peter Schiff Show Ep 1037

Peter Schiff is joined by James Hickman, a.k.a. Simon Black of Sovereign Man, to discuss the U.S. debt crisis, the Federal Reserve’s future, and why America may be headed toward a sovereign debt and dollar collapse.This episode is sponsored by NetSuite.Download the free “CFO’s Guide to AI and Machine Learning” at https://netsuite.com/goldIn this special edition of The Peter Schiff Show, Peter welcomes longtime friend and entrepreneur James Hickman, best known by his pen name Simon Black. Together, they dive into the launch of their new joint project Schiff Sovereign, the growing U.S. debt disaster, and the Trump administration’s controversial plan to take control of the Federal Reserve.00:00 Introduction and Special Guest Announcement02:34 James Hickman: The Man Behind Simon Black04:01 The Birth of Schiff Sovereign05:27 Introducing James to the Audience09:01 The US Debt Crisis Unveiled14:25 Historical Context and Interest Rates21:21 The Fed's Role and Future Challenges25:41 Trump Administration's Plan for the Fed25:52 Money Heist: A Metaphor for the Fed30:03 Economic Data Manipulation30:59 Control of the Central Bank31:20 Unusual Resignation at the Fed32:35 Political Influence on the Fed34:24 Mortgage Fraud Scandal36:26 Implications of Rate Cuts36:58 Treasury Strategies and Debt Refinancing40:14 Stablecoins and the Genius Act49:46 Historical Context and Future Predictions50:25 Fannie Mae and Freddie Mac01:02:43 Concluding Thoughts and Future PodcastsFollow @peterschiff  X: 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 #debtcrisis #dollarcollapse #economyPrivacy & Opt-Out: https://redcircle.com/privacy

22 Aug 1h 4min

Surprise PPI Surge Dashes September Rate Cut Hopes - Ep 1036

Surprise PPI Surge Dashes September Rate Cut Hopes - Ep 1036

Peter Schiff examines the surprising PPI surge, critiques economic data, and addresses the implications for inflation and the Fed's policies.This episode is sponsored by NetSuite. 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, Peter Schiff dives into the latest economic data, revealing how a surprising PPI surge has dashed hopes for a September rate cut. He critiques the government’s misleading job numbers and discusses the implications of a growing budget deficit on the economy. Schiff also highlights the troubling trend of inflation, emphasizing the Fed's failure to act appropriately amidst worsening economic indicators. With insights on the gold and silver markets, he underscores the importance of understanding the true state of the economy, challenging the narratives promoted by politicians and the mainstream media. This episode is essential for anyone looking to grasp the reality of today’s financial landscape through Schiff’s candid analysis.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com📘 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 Remarks00:56 Hurricane Impact and Podcast Continuation01:37 Disappointing Economic Data Analysis02:55 Trump's Reaction to Job Numbers08:36 Inflation and Fed's Response16:53 Budget Deficit and Economic Comparison20:58 Tariffs and Legal Challenges27:56 Gold and Silver Market Insights33:52 Big Funds and Gold Stocks34:57 Gold Fund and Dividend Payers35:33 Global Investment Shifts37:04 Bank Receivership and Qenta Deal40:08 Qenta's Asset Handling Issues46:11 Legal Battles and Customer Rights53:11 Organizing Customer Lawsuits01:04:15 Final Thoughts and Call to Action#PPI #EconomicData #GoldMarketPrivacy & Opt-Out: https://redcircle.com/privacy

18 Aug 1h 4min

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