Spring Has Sprung, But U.S. Economy Still Snowed In – Ep 79

Spring Has Sprung, But U.S. Economy Still Snowed In – Ep 79


* Markets on roller coaster ride final two trading days of this week
* Bad news parade marches on in April
* The players are still clinging to fantasy of U.S. economic recovery
* Dollar finished down substantially on the week - April was the first down month in 10 months
* Dollar has seen its highs and is heading lower
* Gold back below 1200
* Oil prices added to gains closed above $59 - moving opposite to the dollar
* Friday - March Personal Income & Spending flat below expectations
* Personal Spending also lower than expected; .4% gain
* Savings dropped from 5.7 to 5.3 - the lowest savings rate of the year
* April PMI Manufacturing Index - dropped more than expected to 54.1 even as weather warms
* ISM Manufacturing expected to rise to 52 - remained flat
* Employment Index dropped two points - the first drop in 2 years
* March Construction Spending fell by .6 missing expectations
* Atlanta Fed correctly forecasted Q1 GDP at .2, forecasting Q2 at .8
* Article on Zero Hedge: Goldman Sachs warning Europe about severe "Lowflation"
* Article in Bloomberg: Chinese can't "kick" savings habit
* Blames problem on "not enough government"
* The reason America is in so much trouble is that we don't save
* Once the Chinese have built up a cushion, then they will spend
* When our phony economy bursts, it will be apparent that we did not save enough and had too much debt
* America gives capitalism a bad name - we preach it but do not practice it
* We rely on a giant government-run ponzi scheme of socialized savings
* We are telling the Chinese they have too much free market capitalism
* We have been indulging our present and sacrificing our future
* The Chinese will be rewarded for their prudence
* The most ironic thing about the Bloomberg article is that they suggest Chinese would be better off under Communism
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All Roads Lead To Higher Inflation and Hard Landing - Ep 875

All Roads Lead To Higher Inflation and Hard Landing - Ep 875

· Strong week for the stock market and gold stocks.· ECB’s inflation goals were asinine.· The Fed will soon break its money losing record.· Debt is going to spiral out of control.· Big money is leaving crypto.· Markets don’t get that inflation isn’t coming down.Thanks Headspace. Try it free for 30 days at https://headspace.com/gold30dayThanks ClearComp. Book a demo at https://clearcomp.comJoin my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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

5 Mars 202353min

Hotter Inflation Chills Stock Market- Ep 874

Hotter Inflation Chills Stock Market- Ep 874

· The inflation genie is impossible to put back in the bottle.· CPI and PPI are lagging for a number of reasons.· Beaten down stocks of 2022 enjoyed a short-lived dead cat bounce in 2023.· Consumer spending in January surged after a record decline in tax revenue.· The PCE is the most inaccurate way to measure inflation and it’s no coincidence that it’s also the Fed’s favorite way.· The progress the Fed claimed to have made against inflation is already lost.· The inverted yield curve is now even more inverted.Visit https://indeed.com/peter to start hiring now.Cut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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

26 Feb 202354min

The Fed Brought a Knife to an Inflation Gun Fight - Ep 873

The Fed Brought a Knife to an Inflation Gun Fight - Ep 873

· People who think that we've seen the worst of inflation are wrong. · Surge in credit card debt proves labor market is weak.· Ronald Reagan’s tax system was the closest we’ve been to a flat tax since 1913.· Presidents’ Day is about honoring George Washington, not Joe Biden.Thanks HelloFresh! Go to https://hellofresh.com/gold65 and use code gold65 for 65% off plus free shipping!Thanks ClearComp. Book a demo at https://clearcomp.com.Join my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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

19 Feb 202348min

CPI Shows Disinflation Trend May Have Turned - Ep 872

CPI Shows Disinflation Trend May Have Turned - Ep 872

· Biden putting America in much more vulnerable position with continued selling of strategic oil reserves.· Replacing full-time jobs with part-time jobs is not a sign of a strong labor market.· The National Debt is the same thing as having a National Credit Card.· Politicians claiming to care about Social Security are voting to destroy the value of it.· Gold and silver will take off when investors realize inflation is not going back to 2%.Visit https://indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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 Feb 202337min

Neither Biden nor Powell Understands the State of the Union - Ep 871

Neither Biden nor Powell Understands the State of the Union - Ep 871

· As an American, Biden’s State of the Union was horrible.· Inflation Reduction Act will increase prices.· Republicans supporting Trump deficits paved the way for Biden deficits.· Biden is cutting Social Security through inflation.· Biden promises to save your pennies while stealing your dollars.· More savings reduces inflation through decreased demand and increased supply.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upJoin my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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

9 Feb 202343min

Risk-On, Economic Understanding Off - Ep 870

Risk-On, Economic Understanding Off - Ep 870

· Short covering fuels tech rally.· Good news on the economy is bad news for the market.· Fewer people have full-time jobs today than 10 months ago.· The media is racist.Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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

6 Feb 202348min

The Fed Can’t Fight What It Doesn’t Understand - Ep 869

The Fed Can’t Fight What It Doesn’t Understand - Ep 869

· As expected, the Fed did exactly what was expected.· Gold trades highest it’s been in almost a year.· Government causes inflation, not consumers.· Investors are seeing through the outliers when it comes to stronger economic data.· Congress acts shocked to discover fraud with PPP loans.Thanks Winmond. Visit https://winmond.com to inquire about purchase or a joint venture.Join my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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 Feb 202340min

Government Worsens Every Problem It Tries to Solve - Ep 868

Government Worsens Every Problem It Tries to Solve - Ep 868

· Weakening dollar will worsen trade deficit.· Fed is nowhere near victory in inflation fight.· Google does not have a monopoly on advertising.· San Francisco wants to incentivize African Americans to commit drug crimes.Get $15 off at Nutrafol.com when you got to https://nutrafol.com/men and use promo code goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! 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/investRATE 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/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.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

29 Jan 202354min

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