Everything I Warned You About Just Happened... All in One Week

Peter Schiff breaks down July's negative jobs report, Japan's yen crisis, and the Fed's stealth QE bailout as gold and silver surge.

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Recording from his boat in Rhode Island, Peter Schiff covers a week that vindicated his forecasts. The July jobs report showed a loss of 23,000 jobs, with prior months revised down another 105,000 and labor force participation falling to 61.4%, a level unseen outside COVID lockdowns in 50 years. Full-time jobs have declined in six of the last seven months while wages lag inflation, confirming the stagflation Peter has long warned about. The bigger story is Japan: with the yen at a 40-year low and JGB yields at record highs, the US executed its first yen intervention since 1998, roughly ten times larger, using euros instead of dollars and blindsiding the ECB. The Fed also took Japan's Treasuries via repo and printed the dollars, a stealth form of quantitative easing that contradicts its inflation-fighting rhetoric. Markets got the message: gold jumped 7.8% to 4,341, silver surged 12.3% to 63.46 after holding above the old $50 ceiling, and GDX rocketed 22% in one week, all far outpacing Bitcoin's 3.7% gain. Peter argues the intervention is just the beginning, the Fed will not hike before the midterms, and a currency and sovereign debt crisis is approaching. He urges listeners to prepare with gold, silver, miners, and foreign stocks, and to understand the coming crisis is caused by government, not capitalism.

Chapters:

00:00 Fed Japan Bond Backstop

01:11 Back At Sea Intro

01:59 Week Ahead Jobs Japan

03:23 Stocks Metals Surge

06:23 Bitcoin Strategy Warning

09:15 Bonds Dollar Fed Odds

14:00 July Jobs Shock

15:33 Revisions Participation Drop

19:51 Wages Inflation Stagflation

24:09 Trump Ballroom Rant

26:49 Japan Crisis Tease

29:24 Japan Yen Breakdown

31:30 Debt Trap And Rates

32:23 Treasury Selling Threat

34:35 Fed And BOJ Coordination

36:08 Swap Line QE Explained

41:15 Euro Intervention Twist

44:29 Inflation Signals And Metals

47:51 Storm Warning Ahead

49:18 Blame Government Not Markets

52:07 Prepare And Spread The Word

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