Bond Breakdown Gathers Momentum – Ep.  353

Bond Breakdown Gathers Momentum – Ep. 353

Las Vegas to Vancouver to Las Vegas
I'm recording today's podcast from my hotel room in Vancouver, Canada. I'm up here for a couple of days at the 2018 Vancouver Resource Investment Conference and actually I left Las Vegas to come here; I am at the Las Vegas Money Show, I was there yesterday and I will be back again tomorrow for another talk, and on Thursday I am flying to Puerto Rico for another conference before heading back to Weston, Connecticut for the summer.
Debating Bonds with Gary Shilling
I was on a panel yesterday in Las Vegas at the Money Show and it was moderated by Mark Skousen, and one of the guys on the panel with me was Gary Shilling. And I've been arguing with Gary Shilling for a long time; there are plenty of YouTube videos of Shilling and myself over the years, arguing. He is basically a perma-bull when it comes to U.S. Treasuries. He is always bearish on the stock market and he's always bullish on the bond market. For a while, he was right to be bullish on the bond market, because we had a huge bull market in bonds. But the bull market appears to be over, yet Gary Shilling is as bullish as I have ever seen him on the U.S. bond market. He is also bullish on the dollar; I guess if you are always bullish on the bond market you are also bullish in the dollar because bonds are dollar I.O.U.'s.
Shilling: China Would Never Sell U.S. Bonds
Now I think this is one of the times when Gary Shilling is dead wrong. One if the points that he made that I challenged him on was when he started talking about China. He said the Chinese would never sell their U.S. Treasuries because if they sold them, the prices would collapse, and they would be destroying their own portfolio; therefore they are not going to sell because they do not want to destroy the value of the assets they might want to sell.
China Can Just Let Their T-Bills Mature
I pointed out to Gary that the Chinese don't have to sell any Treasuries to get out of them. They simply have to let them mature. Then it is not China who has to sell the Treasuries, but the U.S. Treasury who has to find a new buyer to replace China. If China were dumb enough to own a lot of 30-year government bonds, then they would have to put those bonds on the market. That would affect the price. In fact, if you were China, and you owned a trillion dollars worth of 30-year bonds, and you did try to sell, the price would collapse. China may be dumb, but they are not that dumb. They own a lot of T-bills, so they will mature in 30 days, 60 days, 90 days; they don't have to sell anything.

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Episoder(1084)

Fed Caves With Aggressive Rate Cut - Ep 980

Fed Caves With Aggressive Rate Cut - Ep 980

FOMC Rate Cut Analysis: Fed's Decision, Market Reactions, and Economic RealitiesPeter Schiff analyzes the highly anticipated Federal Reserve rate cut following the two-day FOMC meeting, emphasizing its effects on the markets and broader economy. He critiques Jerome Powell's justification for the 50 basis points cut, the Fed's stance on inflation, and the true state of employment in the U.S. Schiff also discusses the contradictions in Trump's and Harris's economic promises, their implications for future fiscal policies, and the potential consequences for the U.S. dollar, interest rates, and the overall economy. He highlights the ongoing issues with the national debt and the risks of price controls. Additionally, Schiff advises on investment strategies, including gold, silver, and international equities, amid the anticipated economic downturn.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/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/peterschiff01:39 Market Reactions and Predictions02:36 Inflation and Price Controls Discussion05:11 Trump's Economic Policies and Price Controls08:53 Interest Rates and Economic Indicators16:37 Fed's Rate Cut and Market Impact28:19 Questioning the Strength of the Economy29:01 The Fed's Balance Sheet Dilemma30:01 Historical Perspective on Interest Rates33:33 The Recession and Rising Interest Rates38:27 Trump's Economic Promises and Criticisms47:13 Preparing for the Economic Collapse51:09 Investment Strategies for the Future53:09 Conclusion and Final Thoughts#FOMCMeeting #InterestRates #EconomicOutlookOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

19 Sep 202453min

Gold Soars as The Fed Readies Rate Cuts - Ep 979

Gold Soars as The Fed Readies Rate Cuts - Ep 979

Market Analysis, Gold Surge, and Personal AnnouncementPeter Schiff discusses the stock markets' performance on Friday the 13th, noting that while major indexes ended on a positive note, the only asset to hit a new all-time high was gold. He interrupts the usual podcast to announce his wife Lauren's new music duo, 'The Laughing Cats,' and their debut album, 'Funny Money,' highlighting the first single 'G.Y.B.' now available on Spotify. Peter then resumes, detailing gold's significant rise to new record highs and contrasting it with the stock market's performance in terms of gold pricing. He also critiques the U.S. budget deficit, discusses potential economic impacts of the Federal Reserve's anticipated rate cut, and assesses the presidential debates, focusing on issues of tariffs and tax cuts. Peter emphasizes the investment potential of gold and gold stocks amidst the current economic landscape.Sign up for a $1/month trial period at https://shopify.com/gold 🎶 New single from Laughing Cats out today: https://open.spotify.com/artist/2f3z6IPGfomCl9FsJeyb8d?si=9morm92NRdikGW3hbt0iPA🟨 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/peterschiff00:25 Stock Market and Gold Performance00:46 Announcement: The Laughing Cats' New Album04:48 Gold's Record Highs and Market Analysis17:25 Bitcoin and Oil Market Insights22:46 Inflation and Federal Reserve Rate Cuts26:22 CPI and PPI Data Analysis32:56 Wall Street's Call for Rate Cuts33:27 Record-Breaking Budget Deficit36:07 Economic Weakness and Job Statistics37:26 Presidential Debate Analysis43:32 Tax Cut Promises and Economic Realities48:23 Tariffs and Their Impact54:43 The Illusion of Tax Cuts01:00:20 Conclusion and Investment Advice#goldprice #investmenttips #stockmarketanalysisOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

14 Sep 20241h

Financial Markets Back on the Brink of Collapse - Ep 978

Financial Markets Back on the Brink of Collapse - Ep 978

Market Turmoil & Economic Uncertainty: A Deep Dive into Non-Farm Payroll Report and Fed PoliciesIn this episode, we explore today's weaker-than-expected non-farm payroll report and its impact on the markets. Despite a brief improvement in stock indices following rate cut expectations, concerns loom as markets question whether a 25 or 50 basis point rate cut is forthcoming. The podcast dissects the current state of the labor market, the potential Fed actions, and the implications for tech stocks, gold stocks, cryptocurrencies, and overall market dynamics. We also delve into the historical context, drawing parallels to the financial crisis of 2008 and discussing the looming recession and inflation threats.Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/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/peterschiff#stockmarket #inflation #cryptocurrencyOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

7 Sep 20241h 1min

Making Lemonade Out of Economic Lemons - Ep 977

Making Lemonade Out of Economic Lemons - Ep 977

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. 🟨 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/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

2 Sep 202454min

The Fed Makes Its Biggest Mistake Yet - Ep 976

The Fed Makes Its Biggest Mistake Yet - Ep 976

Market Turmoil, Political Drama, and Economic ForecastsPeter delves into a tumultuous week in the markets and politics. He covers key events including Jerome Powell's Jackson Hole speech and its implications for interest rate cuts, the Democratic National Convention, and Robert Kennedy Jr.'s decision to drop out and endorse Donald Trump. Peter argues that the Federal Reserve is pivoting from fighting inflation to addressing rising unemployment, critiques the state of unemployment statistics and job market data, and discusses the potential for a gold price boom amidst a weakening dollar. Additionally, Peter offers in-depth commentary on the flaws in government spending and social security, the misrepresentations in political narratives, and explores future economic outlooks. He closes with a call to invest in gold and gold stocks.NetSuite is offering a one-of-a-kind flexible financing program. http://netsuite.com/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/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

24 Aug 202455min

Gold Breaks $2,500. Harris Would Send it to the Moon - Ep 975

Gold Breaks $2,500. Harris Would Send it to the Moon - Ep 975

Unprecedented Gold Highs and Underlying Market DynamicsPeter discusses the historic rise of gold prices, which closed above $2,500 per ounce for the first time. He contrasts the performance of gold with that of Bitcoin, highlighting gold's significant growth since the start of the century. Peter also explores the underwhelming response of gold mining stocks to gold's record highs and predicts a bullish future for gold prices and mining stocks. Additionally, he critiques potential economic policies of Kamala Harris, cautioning that they may lead to increased inflation. Peter urges listeners to invest in gold, silver, and mining stocks, emphasizing the importance of proactive investment to mitigate inflationary risks.🟨 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/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

17 Aug 202455min

Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974

Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974

Peter Schiff dissects the latest inflation data, emphasizing the government's manipulation in underreporting true inflation figures. He compares the July CPI and PPI reports, suggesting real inflation rates could be double the official numbers.Schiff highlights the significant federal budget deficit and its implications for future inflation. He argues that the Federal Reserve's potential rate cut is politically driven and could backfire.Schiff also discusses the repercussions of government policies on industries like solar energy, resulting in SunPower's bankruptcy. He critiques government intervention in housing, education, and healthcare, asserting these measures have increased costs and decreased efficiency.Lastly, Schiff commends Elon Musk's take on inflation and calls for substantial reductions in government spending and more market-driven solutions.⭐️ Visit https://indeed.com/peter to start hiring now.🟨 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/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

15 Aug 202455min

Bank of Japan Rescues the Markets... For Now - Ep 973

Bank of Japan Rescues the Markets... For Now - Ep 973

Peter returns to his Puerto Rico studio after an extended vacation. He discusses recent market volatility, including movements in stocks, Japan’s market crash, and cryptocurrency fluctuations. Peter critiques the Fed's decision not to cut rates, arguing that delaying cuts only worsens economic pain. He predicts future rate cuts and quantitative easing, and shares insights on gold and mining stock investments. Additionally, Peter analyzes the political landscape, focusing on Kamala Harris's VP pick, and criticizes new UK laws limiting free speech. Peter also advocates for tax reforms and spending cuts to address the deficits⭐️ 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🔔 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 Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

12 Aug 202457min

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