Currency Traders Have It Backwards Ep. 352
The Peter Schiff Show Podcast9 Mai 2018

Currency Traders Have It Backwards Ep. 352



[button link="https://www.youtube.com/watch?v=mANOqcnLtqA" color="lightgray" size="medium" stretch="" type="" shape="" target="_self" title="" gradient_colors="|" gradient_hover_colors="|" accent_color="" accent_hover_color="" bevel_color="" border_width="1px" icon="" icon_divider="yes" icon_position="left" modal="" animation_type="0" animation_direction="down" animation_speed="0.1" animation_offset="" alignment="left" class="" id=""]Mr. Schiff Goes to Washington[/button]

[button link="https://www.youtube.com/watch?v=mANOqcnLtqA" color="lightgray" size="medium" stretch="" type="" shape="" target="_self" title="" gradient_colors="|" gradient_hover_colors="|" accent_color="" accent_hover_color="" bevel_color="" border_width="1px" icon="" icon_divider="yes" icon_position="left" modal="" animation_type="0" animation_direction="down" animation_speed="0.1" animation_offset="" alignment="right" class="" id=""]Mr. Schiff Returns to Washington[/button]




The Bear Market Rally
The big story continues to be the bear market rally that has been going on in the U.S. dollar. The dollar index closed above 93. The low this year was just above 88, so we've risen above 5% so far in the U.S. dollar index. Year to date we're up on the dollar a little over 1%. We're still down about 6% from where the dollar ended 2016, but we've had this considerable rally in a relatively short period of time. To me, it has the makings of a bear market rally, a short-covering rally. There hasn't been any good economic news that would explain the strength of the dollar. In fact, I talked about Fed comments from last week which to me, are quite dovish when you have the Federal Reserve indicating a tolerance toward inflation above 2% talking about "symmetrical inflation" rather than keeping it below 2%, So to me, those are statements that would normally be negative for the dollar.
Technical Rally for Short-Covering
The economic data, the jobs numbers that came out last week - much weaker than expected, so all the information would actually argue against a more aggressive Fed, in favor of a more dovish Fed, yet the dollar is rising anyway. I think it's technical, I think it's short-covering and I think it is short-sighted.
Dollar Strong against Emerging Market Currencies
One of the areas where the dollar is the strongest is actually against the emerging market currencies. Not the currencies that are in the U.S. dollar index - that's dominated by the euro, the pound, the yen - but the emerging market currencies, they're the ones that are bearing the brunt of this sell-off, and it's a self-perpetuating problem, because as these emerging currencies go down, it puts upward pressure on their already increasing inflation rate. I think inflation is picking up all around the world, but if your currency is going down, that puts even more pressure on consumer prices, and the politicians of these emerging economies are resisting higher interest rates, both to combat increasing inflation and to support a weakening currency which is only adding fuel to the fire.
Currency Traders Have It Backwards
What's so ironic about all this is that traders are missing the bigger point. The United States is in the exact same predicament (only worse) than the emerging economies. We are going to be faced with the same set of dynamics, in that we are going to have rising 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)

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Inflation Far Bigger Threat Than Investors Expect – Ep 790

* Everything-is-awesome attitude won’t last long much longer. * Stagflation is here. * This round of QE won’t be like the last 4. * The economy has never been as addicted to cheap money as it is now. * Bond investors will begin to realize that bonds are mispriced. * We’ve been making our inflation bed for years and now it’s time to lay in it. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through 3/31/22. Thanks https://truebill.com/gold. it could save you hundreds a year. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

23 Mar 202258min

Stocks Soar as My Reputation Tanks – Ep 789

Stocks Soar as My Reputation Tanks – Ep 789

* Investors buy the fact after selling the rumor. * Fed will raise rates until it can’t. * The emperor’s new clothes is Zelensky’s t-shirt. Thanks Tru Niagen. Save 20% on your first purchase at https://truniagen.com/peter with code PETER Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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 Mar 202254min

The Most Anticipated Yet Least Significant Rate Hike Ever – Ep 788

The Most Anticipated Yet Least Significant Rate Hike Ever – Ep 788

* Elizabeth Warren blames covid and corporations for problems caused by Congress. * Bond market thinks the recession will cure inflation; it won't. * Congressional staffers get a huge pay raise, paid by taxpayers. * Small rate hikes will hurt the stock market, not the gold market. * Fed is doing the minimum it can get away with to try to save face. * You live by low interest rates, you die by high interest rates. One-of-a-kind financing program at https://netsuite.com/gold Thanks https://avast.com! INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

17 Mar 20221h 5min

The U.S. Has More to Lose Than Russia – Ep 787

The U.S. Has More to Lose Than Russia – Ep 787

* Record highs coming for oil. * Dollar rallies into its last hurrah. * Don’t throw stones when you live in a glass White House. * Consumers wrongfully expecting inflation relief. * Russia is not causing inflation, the U.S. government is. * Biden is interfering with job creation, not improving it. * Inflation is one of the few things still made in America. Go to https://novo.co/gold and get your FREE business checking account. https://babbel.com promo code GOLD to get 3 additional months when you purchase a 3 month subscription. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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 Mar 202255min

Gold Is the Safest Haven – Ep 786

Gold Is the Safest Haven – Ep 786

* Joe Biden’s executive order will hurt Bitcoin. * Elizabeth Warren has a deep seated hatred for Bitcoin. * Biden displays cringe level hypocrisy on oil companies. * Gold miners will make far more money than investors think. * Watch out for gold scams. Get an extra 3 months. https://expressvpn.com/gold. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

11 Mar 202254min

Gold to the Moon, Bitcoin Stuck on Earth – Ep 785

Gold to the Moon, Bitcoin Stuck on Earth – Ep 785

* Biden bans Russian imports. * Oil push higher. * Dow enters into correction territory. * S&P plunges deeper into correction. * Russell 2000 and NASDAQ enter bear markets. * Gold hits new all time high. * US economy hemorrhaging red ink. * Bitcoin is setting up for a crash to zero. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through 3/31/22 Cut your wireless bill to $15/month at https://mintmobile.com/gold INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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 Mar 202255min

The Road to Debt Monetization Is Paved With Good Intentions – Ep 784

The Road to Debt Monetization Is Paved With Good Intentions – Ep 784

* China will begin selling more US dollars and treasuries. * Food and energy prices surge. * Biden’s State of the Union was misinformation. * Jerome Powell skips SOTU to prepare his own lies. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

5 Mar 202258min

Russia Is the Newest Excuse Variant – Ep 783

Russia Is the Newest Excuse Variant – Ep 783

* Russian economy gets cut off from the world. * Russian stocks obliterated. * Investors should stop questioning gold and start buying it. * Russia will replace Covid as the Fed’s scapegoat. * As the streets get bloodier, the opportunities get bigger. Thanks https://avast.com! INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

1 Mar 202243min

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