Trump’s Very Massive Recession May Have Already Begun – Ep. 157

Trump’s Very Massive Recession May Have Already Begun – Ep. 157


* Today is the Wisconsin Primary but Donald Trump has been getting a lot of flack in the media over the last couple of days about his comments about the U.S. economy, particularly in the financial media because Donald Trump has now predicted a "very massive recession" in the U.S.
* He didn't just say a recession, he's predicting a massive recession
* Most of the pundits on television don't see any recession at all - not even a mild one
* So here you have Donald Trump saying, not only is the recession going to be massive, it's going to be very massive
* The media is all over Trump: "What is he talking about? The economy is in great shape! He's peddling all kinds of fiction! We have this massive economic growth!"
* the President television today taking credit for this great economy with all these years of jobs
* Of course what the President doesn't admit to, is, it's not job creation - it's job destruction
* We're destroying full time jobs, the by-product of that destruction is that we create a bunch of part-time jobs that people don't really want but that's all they can get
* Yet the President is taking credit for that
* It's like setting a fire and taking credit for putting it out
* That's what the Federal Reserve did with the 2008 Financial Crisis
* Let's look at some of the economic news that came out over the past couple of days that resulted in the Atlanta Fed reducing its Q1 GDP estimate - yet again - to .4
* In last Friday's podcast I said that I thought they would be revising it down, and based on the numbers that just came out, they did
* One if the reasons the Atlanta Fed cited for the revision was yesterday's release of February Factory Orders
* They were expected to be down 1.6; instead it came out as -1.7, which was not that big a miss unless you consider the previous downward revision, which means it dropped from a lower level
* That took something out of the GDP numbers as did the very bad auto sales that I did mention in Friday's podcast
* Apparently the worse-than-expected trade deficit that came out today didn't even factor into their thinking, and I don't know why, because we were expecting $46.2 billion and instead we got $47.1 billion
* That's a pretty big miss, and they took January's estimate which was originally $45.7 billion and raised that to $46.2 billion
* We are still expecting the March number which will be factored into Q1 GDP, so I think the Atlanta Fed is still not low enough
* Remember, too, one of the things that's helping the Q1 GDP is that most of the country had an unseasonably warm winter, because bad weather is factored into the estimate
*
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Episoder(1078)

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New Inflationary Government Program Subverts Fed - Ep 966

NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest📘 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 Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

24 Jun 202455min

Fed Fakes Inflation Fight as Pretext for Future Cuts - Ep 965

Fed Fakes Inflation Fight as Pretext for Future Cuts - Ep 965

Get an additional 15% off an annual membership at https://masterclass.com/goldVisit https:/indeed.com/peter to start hiring now.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest📘 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 Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

15 Jun 202452min

Did China Just Sucker Investors Out of Their Gold? - Ep 964

Did China Just Sucker Investors Out of Their Gold? - Ep 964

NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest📘 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 Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

10 Jun 202456min

Biden Is the Real Felon, Not Trump - Ep 963

Biden Is the Real Felon, Not Trump - Ep 963

Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Thanks Constant Contact. Start GROWING your business today with a free trial at https://constantcontact.com🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest🔔 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/peterschiffOur Sponsors:* Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

3 Jun 20241h

Is the Money in Your Pocket Counterfeit? - Ep 962

Is the Money in Your Pocket Counterfeit? - Ep 962

During an unexpected podcast episode from The Bahamas, Peter Schiff discusses the significant breakout in silver prices, reaching the highest since 2013, and the new record highs in gold. He elaborates on central banks' preference for gold over silver and the retail selling trend, emphasizing an opportunity to buy both metals after a correction. Schiff points out the ineffectiveness of the Fed's statements and actions on the true value of gold and silver, suggesting that prices will rise regardless of rate cuts. He uses historical experiences and the transition from real silver coins to nickel-clad copper as an example of government devaluation of currency. Schiff highlights the potential in buying physical silver, especially 'junk silver', for its barter value and the current low premiums as an investment opportunity. He also touches on the importance of investing in gold and silver mining stocks, recommending professional guidance for navigating the sector.NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldGet an additional 15% off an annual membership at https://masterclass.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest🔔 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/peterschiffOur Sponsors:* Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

23 Mai 202456min

Tariffs and Inflation Are Taxes - Ep 961

Tariffs and Inflation Are Taxes - Ep 961

In this episode of The Peter Schiff Show, Peter discusses the recent milestone where the Dow Jones industrial average traded above 40,000 for the first time, yet closed down on the same day. He elaborates on nominal vs. real terms of value, emphasizing the importance of measuring stock markets in terms of gold to gain an accurate perspective on value over time. Schiff critiques the government's role in inflating the economy, creating an illusion of prosperity while diminishing the dollar's value, and further explores how tariffs and fiscal policies contribute to the U.S. economic challenges, including growing debt and inflation. The episode also features wider discussions on the impact of inflation data, global economic indicators, and the Federal Reserve's stance on interest rates and its inability to control inflation effectively. Visit https://indeed.com/peter to start hiring now.Sign up for a $1/month trial period at https://shopify.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest🔔 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/peterschiffOur Sponsors:* Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

17 Mai 202456min

Abolish the US Council of Economic Advisers - Ep 960

Abolish the US Council of Economic Advisers - Ep 960

NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldJoin Peter on the Annual Investor Summit at Sea! Get the details and reserve your spot at https://InvestorSummitAtSea.comJoin my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur Sponsors:* Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

13 Mai 20241h 4min

Dovish Fed Rescues Markets - Ep 959

Dovish Fed Rescues Markets - Ep 959

Get an additional 15% off an annual membership at https://masterclass.com/goldCut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only.Join my Locals community to get The Pete Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiff Our Sponsors:* Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

6 Mai 20241h

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