Will She or Won’t She? Ep. 109

Will She or Won’t She? Ep. 109


* Tomorrow we have the most highly anticipated Fed meeting ever, but this will not be the last time I'll say this
* We'll also be anticipating October and December if the Fed does not raise interest rates in September
* The odds are they won't do it
* I put a Bloomberg story on my Facebook page: Yellen's former aid says a rate hike would be a serious error
* Why? The official target for the Fed Funds Rate now is at a range of 0 to .25 basis points
* The Fed is contemplating a rate of .25 which is the high end of the existing range
* If they decide to keep the rate at .25, all they've done is fixed the rate at the high end of the range
* This is not even a rate hike
* Why would this be a disaster?
* Isn't that an admission that the economy is fragile?
* When Alan Greenspan lowered interest rates to 1% after the dot com bubble and after Sept 11, people though, this is ridiculous!
* Now we are talking about raising rates to a quarter of that and it is considered a disaster
* What is going to change between September and October and October and December - unless they get worse
* The serious error is to prick the bubble economy
* The more serious error is for the Fed to raise rates and then admit that it was a mistake they lose credibility
* We're going into recession regardless
* If they raise rates, they will have to launch QE4 sooner
* Any rate hike will sow the seed of a rate cut
* On the topic of a recession, let's talk about the economic news we got today
* The first release we got was August Retail Sales
* A rise of .3 was expected and we got a gain of .2
* These are not great numbers
* The worse number of the day was Empire State Manufacturing: last month's horrible number was -14.92 the lowest since 2009
* Wall Street was looking for -.5
* September was -14.67; barely an improvement
* Back to back the worse numbers since the great recession
* The media barely reported on this number at all, but if it were good, it would have been in the headlines
* The Redbook Year over Year Same Store Sales Index has collapsed - right now it is at 1.3
* Previous years ranged between 3% and 5%
* Industrial Production was expected to fall by .2, but fell by .4
* Capacity Utilization dropped from 78 last month to 77.6
* Manufacturing output dropped as well to -.5
* Auto manufacturing had its biggest drop in 4 years
* I have been talking on this podcast about the Auto Bubble and we are getting more evidence that the bubble has burst
* The biggest decline in manufacturing in 4 years is pretty good evidence
* The fact that there is a huge inventory of unsold cars on dealers' lots is evidence that the market is saturated
* We got more news from business inventories: up .1 as expected
* Sales are also falling, so the inventory to sales ration is still 1.36, a notch below the record high from the '08 financial crisis
* Inventories have to come down a lot more because sales are not there
* They are not there because the economy is weak
* Earlier strong GDP growth was from inventory buildup
* All the evidence points to recession
* Employment numbers, which are theoretically good, are a lagging indicator
* All the leading indicators of the economy are flashing a warning
* Yet the media is ignoring the warnings and paying attention to Janet Yellen
* She is pretending the economy is strong so she can pretend to raise rates
* We need to allow the economy to go through that unfortunate crisis and allow the bubble economy to burst and the real economy to heal
* The Federal Reserve shot us up with all these monetary drugs so unfortunately we have to check into monetary rehab<... Our Sponsors: * Check out Avocado Green Mattress: https://avocadogreenmattress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com Privacy & Opt-Out: https://redcircle.com/privacy

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Trump Dodged a Bullet, but Economy Won’t Be So Lucky - Ep 969

Trump Dodged a Bullet, but Economy Won’t Be So Lucky - Ep 969

Visit https:/indeed.com/peter to start hiring now.Sign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

15 Juli 20241h 7min

Bad News for Biden and the Economy - Ep 968

Bad News for Biden and the Economy - Ep 968

NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

8 Juli 202456min

Biden Bombs Bigly - Ep 967

Biden Bombs Bigly - Ep 967

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. Thanks Constant Contact. Start GROWING your business today with a free trial at https://constantcontact.comSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

29 Juni 202456min

New Inflationary Government Program Subverts Fed - Ep 966

New Inflationary Government Program Subverts Fed - Ep 966

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📘 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 Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

24 Juni 202455min

Fed Fakes Inflation Fight as Pretext for Future Cuts - Ep 965

Fed Fakes Inflation Fight as Pretext for Future Cuts - Ep 965

Get an additional 15% off an annual membership at https://masterclass.com/goldVisit https:/indeed.com/peter to start hiring now.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest📘 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 Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

15 Juni 202452min

Did China Just Sucker Investors Out of Their Gold? - Ep 964

Did China Just Sucker Investors Out of Their Gold? - Ep 964

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📘 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 Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

10 Juni 202456min

Biden Is the Real Felon, Not Trump - Ep 963

Biden Is the Real Felon, Not Trump - Ep 963

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.Thanks Constant Contact. Start GROWING your business today with a free trial at https://constantcontact.com🟨 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 Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

3 Juni 20241h

Is the Money in Your Pocket Counterfeit? - Ep 962

Is the Money in Your Pocket Counterfeit? - Ep 962

During an unexpected podcast episode from The Bahamas, Peter Schiff discusses the significant breakout in silver prices, reaching the highest since 2013, and the new record highs in gold. He elaborates on central banks' preference for gold over silver and the retail selling trend, emphasizing an opportunity to buy both metals after a correction. Schiff points out the ineffectiveness of the Fed's statements and actions on the true value of gold and silver, suggesting that prices will rise regardless of rate cuts. He uses historical experiences and the transition from real silver coins to nickel-clad copper as an example of government devaluation of currency. Schiff highlights the potential in buying physical silver, especially 'junk silver', for its barter value and the current low premiums as an investment opportunity. He also touches on the importance of investing in gold and silver mining stocks, recommending professional guidance for navigating the sector.NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldGet an additional 15% off an annual membership at https://masterclass.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 Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

23 Maj 202456min

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