Yellen Admits Rates Could Stay at Zero Forever – Ep. 110

Yellen Admits Rates Could Stay at Zero Forever – Ep. 110


* Tuesday's podcast was titled, "Will She or Won't She?" referring to whether or not Janet Yellen would announce an interest rate hike for the first time in almost 7 years
* Today we got the official answer: "No."
* For the 54th consecutive time, the Fed has left interest rates unchanged at zero
* What is even more amazing, in the Q&A immediately following the announcement, Janet Yellen admitted that she could not rule out the possibility that interest rates would stay at zero forever
* A reporter asked her if the Fed may be trapped at zero forever
* Among the excuses the Fed used was problems in overseas markets, which opens up a grab bag of excuses for the Fed conveniently explain why it is not going to raise rates
* I said from the beginning the Fed has no intention of raising rates
* They also mention that these problems may spill over into the U.S. economy
* She also mentioned additional problems in the labor force: wages, people re-entering the workforce and more full-time jobs
* That is not going to improve in the next three months, yet the Fed is still pretending that it could raise rates in October or December
* Yellen is also no ruling out that the Fed could keep interest rates at zero forever, so who cares about what she won't rule out?
* Janet Yellen answered the reporter's question by saying, " We don't think we are going to be in that situation, however I can't rule it out."
* So the fact that she is not ruling out an October or December rate hike means nothing, because she also can't rule out zero interest rates forever
* What else does this tell you?
* She is concerned that rates will be at zero for a long time
* Janet Yellen believes that the Fed could actually keep interest rates forever
* They won't even stay at zero for the end of this decade because ther is going to be a currency crisis that forces the Fed to raise rates
* The only reason the Fed has maintained the illusion of control for so long is that the market is believing them
* When They figure what the Fed is really doing, then it is over with
* Then the dollar will tank, creating upward pressure on inflation
* They will have to raise rates; market will not give them a choice
* Janet Yellen does not know this
* Another reporter asked her if the Fed will adjust their policy if inflation gets to inflation sooner than anticipated
* Yellen went out of her way to state that 2% is the target, but not the ceiling
* I think the Fed does not have a ceiling, but the market does
* Another interesting discussion was regarding the balance sheet
* The Fed can't start shrinking the balance sheet until they raise rates
* Yellen admitted that since rates are still at zero, they are pushing back the time when the Fed will begin shrinking the balance sheet
* If the Fed never raises rates, then it can never shrink its balance sheet
* The Fed may never raise rates on its own volition: I know eventually they will have to raise rates
* And then it will be a complete catastrophe
* But everybody is still pretending everything is great, maybe the Fed will raise rates in October of December
* Here's another interesting development: the market was up all day but it sold off down 65 points. A pretty big reversal.
* Ultimately the Fed will have to officially take rate hikes off the table
* What kind of bad news will they need to do that?
* We got bad news today: Housing Starts were significantly below estimates and the prior month was revised down
* Bloomberg Consumer Comfort Index had its second lowest week in a year
* The worst number that came out was Philly Fed - was expected to come in at +6, but actually came in at -6
* The biggest miss in 4 years
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Data Revisions Confirming What Voters Already Knew - Ep 993

Data Revisions Confirming What Voters Already Knew - Ep 993

Go to https://Lucy.co/GOLD and use promo code gold get 20 percent off your first order. Go to https://LegalZoom.com and use promo code SCHIFF to get 10% off. LegalZoom is not a law firm and does not provide legal advice, except where authorized through its subsidiary law firm LZ Legal Services, LLC.https://www.youtube.com/watch?v=ne__pTRAenc&t=42s🟨 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 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 Nov 202453min

Bitcoin: The Biggest Bubble of Them All - Ep 992

Bitcoin: The Biggest Bubble of Them All - Ep 992

Bitcoin hits new highs; MicroStrategy's risky Bitcoin investments; Trump's impact; misallocation in crypto; China's strategic investments; UK labor rights.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldGet $10 off your first month’s subscription + free shipping at https://nutrafol.com when you use promo code GOLDPeter Schiff critiques the hype surrounding Bitcoin and MicroStrategy's investment strategies, attributing Bitcoin's recent gains to speculative fervor tied to political promises by figures like Donald Trump and Robert Kennedy Jr. He argues that such speculative bubbles harm the economy by misallocating resources. Schiff contrasts these developments with China's strategic investments in infrastructure, which bolster their economic position. He also discusses the implications of labor laws in the UK and their potential to backfire by increasing automation and outsourcing. Schiff concludes by emphasizing the ongoing devaluation of the dollar and the risks posed by continued abandonment of the gold standard.🟨 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/peterschiff00:00 Introduction and Opening Remarks01:38 Bitcoin's Record Highs and Market Dynamics02:37 Trump's Influence on Bitcoin09:16 MicroStrategy's Bitcoin Strategy17:45 Commercial Break19:03 Bitcoin Bubble and Market Criticism23:40 Gold Standard and Economic Perspectives25:49 Bitcoin vs. Gold Debate31:22 Commercial Break31:46 Holiday Season and Hair Health32:00 Nutrafol: The Ultimate Hair Growth Solution33:27 The Cost of Healthy Eating37:39 Impact of Immigration Policies43:29 UK's Labor Bill of Rights57:33 Conclusion and Upcoming Events#Bitcoin #MicroStrategy #goldOur 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

20 Nov 202455min

The Road to Inflation Is Paved With Debt - Ep 991

The Road to Inflation Is Paved With Debt - Ep 991

Analyzing bond yields, Fed policies, national debt impacts, and contrasting Bitcoin's speculative rise against gold's decline post-Trump win.📣 Sign up for a $1/month trial period at https://shopify.com/gold📣 ExpressVPN: Get an extra 3 months free. https://expressvpn.com/goldIn this episode, Peter Schiff explores the current market trends led by the bond market and their broader impacts. He discusses the recent high yields on U.S. Treasuries, Fed rate cuts, and inflation adjustments. Schiff critiques the enormous rise in national debt under both Trump and Biden administrations and cautions against further deficit spending. He delves into the implications of rising interest rates on the housing market, the dollar's strength, and gold prices. Schiff also comments on the speculative nature of Bitcoin, and the potential consequences of the U.S. government's proposed involvement in Bitcoin transactions. He shares his skepticism about the Department of Government Efficiency and the unrealistic expectations for spending cuts. Peter Schiff emphasizes the importance of sound economic policies and the dangers of continued fiscal irresponsibility.🟨 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/peterschiff00:00 Introduction: The Trump Trade and Bond Market Dynamics02:13 Impact of Fed Rate Cuts on Treasury Yields03:34 National Debt and Presidential Records07:08 Bitcoin vs. Gold: Market Reactions07:44 Senator Loomis' Bitcoin Proposal10:57 Sarcastic Social Security Plan with Bitcoin17:19 Debunking the Strong Economy Narrative19:22 Rising Interest Rates and Inflation Concerns26:24 Department of Government Efficiency: A Joke?30:39 Challenges in Cutting Government Programs31:03 Reagan's Failed Attempts and Trump's Prospects32:13 The Reality of Government Job Cuts33:48 Trump's Spending Promises vs. Reality36:50 Bitcoin and the Financial Bubble44:51 The Constitutional Debate on Money Printing50:35 The Federal Reserve's Role and Independence53:00 Conclusion and Future Outlook#FederalReserve #TrumpTrade #BitcoinPriceOur 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

16 Nov 202452min

Powell Admits Fed Has No Plan For Stagflation - Ep 990

Powell Admits Fed Has No Plan For Stagflation - Ep 990

Markets soar on Trump's return, skepticism persists. Budget deficits, trade issues, and economic challenges under scrutiny.For 20% off your Momentous order, head to https://livemomentous.com and use code GOLD.Peter Schiff dissects the economic landscape post Donald Trump's re-election, contrasting the current market euphoria with his skepticism. He discusses the stock market's all-time highs, driven by nominal gains, and expresses doubt about a sustainable 'Trump Boom' given historical failures to address trade and budget deficits. Schiff emphasizes the worsening economic conditions since 2016, highlighting higher interest rates, increased national debt, and a fragile economy. He questions Trump's proposed tax cuts and deregulation policies, arguing they are not a panacea and may exacerbate economic problems. With no clear plan from the Federal Reserve to tackle stagflation, Schiff advises listeners to be wary of the current market optimism and consider investing in foreign stocks and 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/peterschiffTimestamps:00:00 Trump Mania and Market Reactions02:07 Trump's Economic Promises and Failures03:05 Challenges Facing Trump's Second Term04:59 Tax Cuts and Economic Realities09:26 Global Economic Trends and Comparisons21:48 Investment Strategies and Market Predictions30:07 Fed Rate Cut and Economic Implications31:34 Monetary Policy and Debt Levels32:32 Gold Price Movements and Press Conference Insights33:38 Inflation Shock and Central Bank Policies37:06 Fed's Stance on Fiscal Policy and Deficits42:00 Election Results and Economic Perception45:21 Stagflation Concerns and Fed's Response49:40 Investment Strategies and Market Outlook53:46 Conclusion and Call to Action#TrumpEconomics #MarketPredictions #InvestmentStrategyOur 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 Nov 202452min

Trump Won. Now What? - Ep 989

Trump Won. Now What? - Ep 989

Trump wins 2024, repeating 2016 win. Markets react with highs, despite unchanged economy woes. Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldPeter Schiff offers an in-depth analysis of Donald Trump's historic second term win, comparing it to Grover Cleveland's non-consecutive terms. Schiff critiques Trump's economic promises, tax cuts, and deregulation efforts, arguing they complicate existing fiscal problems rather than providing solutions. He highlights the disparity between media portrayal of the economy and the public's experience, emphasizing long-term issues such as the escalating national debt and rising interest rates. Schiff also discusses market reactions, potential impacts on stocks, cryptocurrencies, and commodities like gold. He delves into media bias and corruption, his own legal battles, and concerns for future economic stability under Trump's presidency.🟨 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/peterschiff00:00 Introduction and Opening Statements01:22 Trump's Historical Win and Economic Analysis06:38 Media Reactions and Public Sentiment11:10 Market Reactions and Financial Implications20:40 Comparing Economic Conditions: 2016 vs. 202425:47 Challenges Ahead for Trump's Second Term32:42 Political Gridlock and Tax Cuts33:45 Impact of Tax Cuts on Tips and Overtime34:45 Consequences of Exempting Social Security from Taxes36:21 Inflation and Economic Concerns38:17 Historical Context: Liz Truss and Tax Cuts39:59 The Bond Market's Role in Economic Stability44:02 Trump's Economic Promises and Realities46:04 Criticism of Trump's Policies50:11 Personal Legal Battle and Government Corruption01:01:41 Conclusion and Call to Action#TrumpWin #EconomicAnalysis #GovernmentCorruptionOur 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

7 Nov 20241h

Data of the Dead - Ep 988

Data of the Dead - Ep 988

Peter Schiff analyzes recent economic data, jobs report, GDP numbers, inflation concerns, and criticizes government policies. He discusses impacts on markets, gold, and cryptocurrency.Support our sponsors:Get 15% off OneSkin with the code GOLD at https://www.oneskin.coGet $20 credit by being one of the first 500 traders. https://kalshi.com/goldNew song "Jerk" by Laughing Cats: https://open.spotify.com/album/6lCPwgHxmdSoPffsPofkXa🟨 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/peterschiffTimestamps:01:41 Economic Data Overview02:41 GDP and Consumer Spending Analysis03:55 Inflation and Government Spending06:23 Job Cuts and Personal Income12:28 Manufacturing Sector Insights15:09 October Jobs Report Preview15:23 Sponsor Message: OneSkin17:05 Personal Update and Music Promotion19:56 October Jobs Report Analysis26:24 Market Reactions and Predictions29:46 Sponsor Message: Kalshi34:51 MicroStrategy vs. Newmont Mining: A Market Analysis42:23 Bitcoin and Market Sentiment45:24 The Contrarian Investment Approach46:31 The Importance of a Constitutional Republic47:34 The Trump Economic Miracle: Fact or Fiction?50:49 Voting Strategy for Libertarians56:51 Conclusion and Final Thoughts#gold #mstr #bitcoinOur 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

1 Nov 202453min

U.S. Consumers More Reliant Than Ever on Foreign Producers - Ep 987

U.S. Consumers More Reliant Than Ever on Foreign Producers - Ep 987

Kamala Harris' election odds, Trump's market impact, economic data, job reports, consumer confidence, and record-high gold.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.Market Predictions, Election Insights, and Economic Realities Peter Schiff addresses the economic landscape, election dynamics, and market predictions. He critiques Kamala Harris's low betting odds, Trump's rise in the polls, and the weak job market, emphasizing that the economic data contradicts the portrayal of a strong economy by the media. Peter discusses the trade deficit, consumer confidence, and the implications of the Biden administration's policies. He also explores the effects of potential tariffs, tax cuts, and deficits on inflation and suggests that investor behavior towards gold mining stocks and Bitcoin signals broader economic trends. Peter expresses dissatisfaction with the Puerto Rican government's actions regarding his bank and hints at future revelations. This episode provides a detailed analysis of the interplay between politics and economics and serves as a call to think critically about the upcoming election and its impact on the economy.Sign up for Peter's most valuable insights at https://schiffsovereign.comFree Reports & Market Updates: https://www.europac.comSchiff Gold News: https://www.schiffgold.com/newsBook 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/peterschiffTimesstamps:01:03 Introduction and Market Update01:42 Gold and Silver Price Surge04:45 Impact of Fed Rate Cuts07:24 Economic Indicators and Job Market Analysis08:35 Inflation and Bond Market Dynamics10:39 Gold Market Trends and Predictions26:47 Trump's Influence on Markets33:16 Understanding Direct and Indirect Taxes33:53 Trump's Tariffs and the BRICS Summit34:39 Impact of Tariffs on the Dollar36:44 Global Shift Away from the Dollar43:30 Paul Tudor Jones on Inflation and Debt48:57 The Looming Debt Crisis57:48 Conclusion and Final ThoughtsOur 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

30 Okt 202453min

Dismantling the Dollar Brick by Brick - Ep 986

Dismantling the Dollar Brick by Brick - Ep 986

Gold Market Insights, Dollar Debate, and Trump's Tax ProposalsGet $10 off your first month’s subscription + free shipping at https://nutrafol.com when you use promo code GOLDRegister for the New Orleans Investment Conference: https://neworleansconference.com/schiff/Peter Schiff brings an in-depth analysis of recent market volatility, focusing on the enduring yet controversial performance of gold amidst economic uncertainty. He dissects Newmont Mining's significant stock drop despite strong earnings, critiques market reactions, and evaluates potential highs for gold stocks. Schiff scrutinizes Trump's tax proposals, illustrating their impracticality due to extensive government spending and misconceptions about tariffs. He offers perspectives on the US dollar's potential crash following a period of rally, emphasizing the global shift towards gold for stable international trade. Schiff also debates the benefits of a gold standard, insights into rising treasury yields, labor costs, and currency fluctuations. Additional topics include critiques of government policies such as the FTC's 'click-to-cancel' rule, and a call to prioritize free market principles for economic health.🟨 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/peterschiff00:00 Introduction and Opening Remarks01:35 Upcoming New Orleans Investment Conference04:03 Gold and Silver Market Analysis06:11 Newmont Mining Earnings Report13:56 Investment Opportunities in Gold Stocks20:28 US Treasury Yields and Janet Yellen's Remarks26:04 Trump's Tax Proposals and Historical Context29:04 The Evolution of Payroll Taxes29:47 Trump's Misunderstanding of Tariffs31:24 MicroStrategy and Bitcoin33:38 Debating the Future of the Dollar40:02 The BRIC Summit and Dollar Alternatives45:56 Government Meddling in Subscriptions52:00 Labor Market Regulations in the UK56:49 Conclusion and Final Thoughts#GoldMarket #USeconomy #FederalReserveOur 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

25 Okt 202455min

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