Socialists Take N.Y.C. Is the U.S.A. Next? – Ep. 366
The Peter Schiff Show Podcast28 Jun 2018

Socialists Take N.Y.C. Is the U.S.A. Next? – Ep. 366

Election Results in N.Y.C. Indicate Political Backlash
Trump has already said that he's "Made America Great Again", so whatever problems he inherited, he's already claimed to have solved, which means any problems that arise now are brand new, under Trump's watch, and he and the Republicans are going to take the blame. An early warning sign of just how big a disaster this can be arrived yesterday in a N.Y.C. Congressional primary. You had a 10-term incumbent Democrat - the guy's been in Congress for 20 years. These guys are impossible to get rid of - trying to get rid of them is like trying to get rid of herpes. Joseph Crowley had been unopposed for 14 years. 28-year old Alexandria Ocasio-Cortez is going to be, if she wins, will be the youngest woman ever elected to the House of Representatives. She is a former bartender with no real political experience other than being a member of the Democratic Socialists of America. They believe in the abolition of capitalism in favor of an economy run by either the workers or the government.
Oil Prices Prop up DJIA, but not Broader Markets
Even the surge in oil stocks was not enough to keep the U.S. stock market in the black today. The Dow Jones finished in the red by 165 points. That is a drop of .68 percent, but the broader markets which don't have the exposure to the energy sector faired much worse. You had the composite down 116 points - 1.5% - and the Russell 2000 down almost 1.7%. Oil prices had a huge day today. They closed off the highs, but still up $1.80. $72.33 per barrel for the price of oil. We did get as high as $73.06 on West Texas earlier today, so this is a new high for the year. Remember, this is what helped the market avoid an 8-day losing streak when we got that 9th day rally, thanks to oil stocks; and I said at that time that I didn't think that was good news for the markets because higher oil prices may be good for companies, but they're not good for the overall economy. They're even higher now and it will be an even bigger drag on the economy.
Trade Wars and Deficits Bearish for the Dollar
More importantly than the oil price in dollars is the oil price in euros, which continue to weaken against the dollar and other currencies, The dollar index had another strong day. We're back above the 95 handle: 95.26. I think this is where the resistance is for the dollar, so I don't expect much headway above 95 on the dollar index. I still think that the markets have this all wrong; a trade war is not a positive for the dollar. So everybody who is betting that all of these trade tensions escalating is somehow dollar positive, they're wrong. Just as the people who are betting larger budget deficits are dollar bullish. Both of these events are dollar bearish, as the dollar bulls are soon going to find out.
Oil Prices Threaten Inflation in the Eurozone
In the meantime, the increasing price of oil is going to send Eurozone inflation blowing through the 2% ceiling. I talked about that in this podcast. They don't have a 2% target in the Eurozone, like we supposedly have in the U.S. Here, the Fed is targeting 2%. They've even said they're targeting higher than 2% to be symmetrical around 2%. But in the Eurozone, 2% is the ceiling. That's why Draghi keeps saying we want to get close to, but below 2%, because it's a hard ceiling. Why they're trying to get close to it is beyond me because if you get too close to it you're in danger of going above it. 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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I Won My Defamation Lawsuit in Australia - Ep 933

Join my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

29 Nov 20231h 16min

A Soft Landing Is Impossible - Ep 932

A Soft Landing Is Impossible - Ep 932

Cut your wireless bill to $15 a month at https://mintmobile.com/goldGo to https://oxyhelp.com – Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

18 Nov 202355min

Reports of Inflation’s Death Are Greatly Exaggerated - Ep 931

Reports of Inflation’s Death Are Greatly Exaggerated - Ep 931

Visit https://indeed.com/peter to start hiring now.One-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

15 Nov 20231h 2min

Investor Optimism at Odds With Reality - Ep 930

Investor Optimism at Odds With Reality - Ep 930

Visit https://indeed.com/peter to start hiring now.Go to https://oxyhelp.com – Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

11 Nov 202356min

Fed Won’t Achieve Either Mandate - Ep 929

Fed Won’t Achieve Either Mandate - Ep 929

Get an extra 3 months free. https://expressvpn.com/goldSign up for a $1/month trial period at https://shopify.com/gold Join my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

6 Nov 202356min

The National Debt Is the Scariest Halloween Costume - Ep 928

The National Debt Is the Scariest Halloween Costume - Ep 928

Go to https://joindeleteme.com/gold and use promo code GOLD for 20% off.Get an extra 3 months. https://expressvpn.com/goldTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

31 Okt 202354min

The US Isn't Japan, It's Argentina - Ep 927

The US Isn't Japan, It's Argentina - Ep 927

Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring nowTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

27 Okt 202354min

Powell’s Not Qualified to Be a Member of an Economic Club - Ep 926

Powell’s Not Qualified to Be a Member of an Economic Club - Ep 926

One-of-a-kind financing program at https://netsuite.com/goldGo to https://oxyhelp.com - Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin my Locals community to get The Peter 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

20 Okt 202355min

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