Guaranteed Jobs Guarantees Disaster – Ep. 349
The Peter Schiff Show Podcast28 Apr 2018

Guaranteed Jobs Guarantees Disaster – Ep. 349

Markets Down But Not by as Much as Expected
All the major U.S. stock markets were down on the week, but not by as much as I thought. We got that big drop on Monday, where we got the very bad reaction to even better than expected earnings. Plus, with interest rates rising, I thought we would have had more selling, but we didn't we actually rallied back most of the week from the big Monday decline, not enough to recover all of the losses, but the total losses on the week were not that bad. The Dow was down today, actually, by about 11 points. The NASDAQ eked out a small gain as did the S&P 500.
Yield on the 10-Year Highest Since Financial Crisis
Interest rates were moving up. In fact, the yield on the 10-year on Wednesday hit 3.035%. This is the highest it has been since before the Financial Crisis and I think one of the reasons that the stock market recovered a bit this week was because investors breathed a sigh of relief that the yield didn't stay above 3%. We closed above 3% on that Monday, I think it was 3.024%, but then we dropped on Thursday and dropped again on Friday; we went out at 2.957%, and that's only a slight increase from the 2.951% that yields closed at the prior week.
Existing Rates High Enough for Significant Damage
I think the markets are lulling in a false sense of security if they think that it's just one and done. "We finally took out 3%, maybe we cleared out some stops, and that's it. Yields have peaked, so there's nothing to worry about." As I said on my last podcast, even if this is the peak, I think it is already high enough to do significant damage to the economy, to the financial markets, to U.S. government finances. But - it's not the peak.
Rising Bond Yields Are Not Bullish for the Dollar
Rates have barely begun to rise and I think they are going a lot higher. Higher rates did continue to support the dollar. The dollar actually had a strong week; the dollar index closed up just over 1% on the week. It was down slightly today, so we surrendered some gains earlier this morning, but it was still an up week for the dollar. Again, I think those people who are buying the dollar are going to lose a lot of money if they don't turn around and sell. I think this is a sucker rally. As I said in my last podcast: Rising bond yields are not bullish for the dollar. 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

Episoder(1085)

The Biggest Bubble Ever – Ep 607

The Biggest Bubble Ever – Ep 607

S&P has its best August since 1986. APPL and TSLA continue soaring after splits. TSLA rains on its own parade. Zoom zooms. Loot this book. George Floyd died of a drug overdose. McDonald’s sued for treating black owners equal to white owners. Rampant wave of race-based lawsuits on the way. Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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

2 Sep 20201h 15min

Inflation will destroy the dollar and the economy – Ep 606

Inflation will destroy the dollar and the economy – Ep 606

Fed changes the rules for inflation target calculations. Markets react to Powell's announcement. Prices go up when people aren’t working. Majority of middle class will be impoverished Into lower class. Gold’s resistance has become support. What Trump Steaks may teach us about the Trump Economy. Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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

28 Aug 20201h 2min

Weak economy enables strong housing market – Ep 605

Weak economy enables strong housing market – Ep 605

Good news for Facebook stock is bad news for Main Street. Housing market booms - just like it did before the 2008 crash. Layoffs increasing. Many jobs permanently gone. The voting age should be raised. Happy Birthday Spencer! Follow my son on Twitter @SpencerSchiff David Portnoy bails on Bitcoin and Chainlink. Paul Tudor Jones should be the next big name to bail on crypto. Cuban-American an emotional and heartfelt warning at the RNC. Leaked George Floyd tapes show why it’s so important to wait for all the facts. Link to leaked footage: https://www.youtube.com/watch?v=YPSwqp5fdIw Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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

26 Aug 20201h 1min

Main Street’s Pain is Wall Street’s Gain – Ep 604

Main Street’s Pain is Wall Street’s Gain – Ep 604

S&P and Nasdaq close the week with record highs. Apple capitalizes on speculator mania with stock split. Weak economy benefits Wall Street and sedates Main Street. Real estate booming, but mass defaults may be on the horizon. Uber shareholders are being exploited, not the drivers. Republicans have philosophically lost the debates. Stimulus works great when it comes to buying votes. Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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

22 Aug 202051min

Buffett Boosts Gold Back Above $2,000 – Ep 603

Buffett Boosts Gold Back Above $2,000 – Ep 603

S&P recoups COVID losses, closing today on an all-time high. Tesla cruises on stock splits driving into the mother of all short squeezes. Traders will sue Robinhood for their losses. Dollar index gets smoked. Warren Buffett knows the inflation tax is coming and he’s trying to avoid it. Never mind the answers, the news doesn’t even have any questions. Bitcoin not making any new highs. Democrat National Convention was an embarrassment to Americans. $2000 gold may look cheap soon. Thanks RAYCON! Get 15% off your order at https://buyraycon.com/GOLD Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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 Aug 202054min

Buffett Buys Barrick Gold, Sells Banks – Ep 602

Buffett Buys Barrick Gold, Sells Banks – Ep 602

Berkshire Hathaway loves gold, bets against the US. Bidders aren’t showing up for 30 year treasury bonds. Food prices soar and this is just the beginning. Fair-weather capitalists claim we’re all socialists now. Socialism is Larry Kudlow’s new credo, now that he works for the government. Warren Buffet is too smart to buy bitcoin. California wants to tax out of state residents' wealth. Episode Sponsor: ExpressVPN Get an extra 3 months Free on a one year package.: https://ExpressVPN.com/gold Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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 Aug 202057min

Massive shakeout in gold and silver – Ep 601

Massive shakeout in gold and silver – Ep 601

Gold’s spectacular move down is the sign of a bull market. Paul Krugman admits inflation is driving up gold price. Curing COVID won’t cure the economy. Do-gooders in California will put Uber and Lyft out of business. Donald Trump’s tax cuts will drive up the inflation tax. Joe Biden insults black women before nominating Kamala Harris. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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 Aug 20201h

Trump’s executive orders are bad economics and unconstitutional – Ep 600

Trump’s executive orders are bad economics and unconstitutional – Ep 600

Gold is up for 9th consecutive week. Gold stocks scaling a wall of worry. Clock is ticking on TikTok and WeChat. Trump acting more like a king than a president. US government more dangerous to Americans than China’s government is. Jim Rickards is wrong on inflation. Follow my new Instagram account: https://instagram.com/peterschiff Invest like me: https://schiffradio.com/invest 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 Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.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 Aug 202050min

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