Skinny Repeal was a Fat Lie – Ep. 271

Skinny Repeal was a Fat Lie – Ep. 271

Obamacare Repeal Charade Over
The whole charade surrounding the repeal of Obamacare is finally over. The most recent attempt, labeled "Skinny Repeal" was a big fat lie. They weren't really repealing anything, leaving the essence of Obamacare and accelerating Obamacare's death spiral. If Congress had repealed the employer mandates and the individual penalties but left everything else the same, then the number of healthy people making the irrational decision not to buy insurance would skyrocket and the sick people who would still be buying, would be facing higher and higher premiums and costing insurance companies bigger and bigger losses to be subsidized by the taxpayer.
Let the Democrats Own the Disaster
Many Republicans are upset with John McCain, for being one of the 3 Republicans to join all the Democrats in opposing the bill. I think McCain did the GOP a favor. This bill, if passed, would have let the Democrats off the hook. They would have not owned Obamacare, and they would be responsible for its failure. Now we all know Obamacare is still there, it is exactly the way it was passed, the bill President Obama championed and signed, the one that Nancy Pelosi said, "We have to pass it to see what is in it." We passed it, we know what is in it (although most people do not understand what is in it) and it is a disaster.

Late last year most people thought the Republicans were going to repeal it - everybody but me. I didn't think that they had the guts to do it. I had this interview on Russia Today in mid-January, it's up on my YouTube Channel; the title is, "Peter Schiff Very Skeptical of Obamacare Repeal". If you watch that video you will see that I say, "I don't think they're going to repeal it."
No Guts to Repeal
Of course, everybody thought, "of course they are going to repeal it. They've been campaigning on it for years!" The President promised it. Everybody who has run for office as a Republican says, "Elect me and I am going to get rid of Obamacare!". They voted to repeal it many times when Obama was still President. And, of course, every time they voted to repeal it, Obama vetoed it, which of course, the Republicans knew was going to happen. As it turns out, that was the only reason they had the guts to repeal it because they knew it wouldn't actually happen. I knew that the Republicans would have a tough time taking away the free lunch. I knew that a lot of them were promising to repeal but keep the ban on pre-existing conditions and I knew that was impossible. Pre-existing conditions is the very essence of Obamacare. You can't repeal it and preserve it at the same time.
The Stock Market Has Not Gotten the Message
The stock market, however, still doesn't understand the significance. It hit another record high again today. The Dow was up, it closed at a new high today. The NASDAQ and the S&P were down. The transports managed a slight bounce from yesterday's drubbing. Transports were down around 300 points yesterday. Again, more cracks in the armor for the stock market. Look at what happened to Starbucks today. The latest victim of declining retail sales; it was down around 9% today. They reduced their guidance based on a drop in sales, now I don't know if you can blame this on people buying their coffee on Amazon.

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Trump Calls Powell Too Dumb for “Easiest Job” - Ep 1033

Trump Calls Powell Too Dumb for “Easiest Job” - Ep 1033

Peter Schiff examines Trump’s misguided economic critiques, delves into inflation's impact, and challenges the Fed’s policies in this episode.Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the contentious relationship between former President Trump and Federal Reserve Chair Jerome Powell. Schiff highlights Trump’s pointed criticisms of Powell's economic policies, framing them within a broader historical context of interest rates and inflation. As Schiff navigates the complexities of government spending and its impacts on the economy, he emphasizes the inherent contradictions in Trump's past economic stances. Additionally, the episode touches on significant issues such as voting rights and the implications for future generations. With Schiff's keen analysis, listeners will gain a deeper understanding of the economic landscape and the policies that shape it, reinforcing his perspective on the pressing realities facing the nation.📘 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/peterschiffChapters:00:00 Introduction and Headlines00:55 Trump's Criticism of Fed Chair Powell06:13 Historical Context of Interest Rates10:07 Trump's Hypocrisy on Economic Policies22:00 Inflation and the Fed's Response29:43 Critique of Government Spending and Policies32:47 Lowering the Voting Age in the UK33:44 Debating the Voting Age37:26 Historical Context of Voting Rights44:51 Crypto Week and Legislation46:17 Bitcoin and Stable Coins Analysis51:55 Precious Metals Market Update57:59 Conclusion and Call to Action#Trump #InterestRates #VotingRightsOur 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

21 Juli 57min

Investors Bet Tariff Man Chickens Out Again - 1032

Investors Bet Tariff Man Chickens Out Again - 1032

Peter Schiff examines the impact of Trump's tariffs on the economy, critiques government spending bills, and emphasizes the urgency of investing in precious metals.This episode is sponsored by NetSuite. Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the current state of the economy, focusing on the implications of recent trade deals and tariffs announced by the Trump administration. He highlights the detrimental effects of these tariffs on American consumers, arguing that they will lead to higher prices and increased inflation, ultimately hurting the very economy they aim to protect. Schiff also reflects on American exceptionalism, the significance of government policies on economic growth, and the troubling rise of socialist ideals in politics. Listeners will gain insight into the ongoing economic challenges and the misguided policies that threaten to undermine market stability. Tune in as Peter Schiff navigates through these pressing issues, providing his keen analysis and perspective on the future of the U.S. economy.https://www.youtube.com/watch?v=ifM-zmNWQiohttps://www.youtube.com/watch?v=Qd15JoUnEfE👉 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/peterschiffChapters:00:00 Introduction01:23 Reflecting on American Exceptionalism03:59 Latino Wall Street Award06:32 Trade Deals and Tariffs Analysis19:22 Impact of Tariffs on the Economy25:20 Commercial Break27:36 Jobs Report and Economic Insights29:34 Government Jobs and Economic Impact30:01 Manufacturing and Tariffs30:52 Unemployment Rates and Labor Market31:43 The Budget Busting Bill33:33 Tax Cuts and Economic Consequences41:36 Democratic Policies and Socialism51:41 Investment Strategies and Market Predictions55:04 Podcast Conclusion and Future Plans#tariffs #economicimpact #investorinsightsOur 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

10 Juli 57min

Trump Will Replace Powell With an Even Bigger Moron - Ep 1031

Trump Will Replace Powell With an Even Bigger Moron - Ep 1031

Peter Schiff delves into the Middle East conflict's impact on markets, the Fed's shortcomings, and the implications of a declining dollar on the economy.00:00 Introduction and Apology for Absence01:04 Cruise Ship Experience and Real Estate Summit02:12 Unexpected Encounter with a Podcast Fan03:09 Recent Global Events: Middle East Conflict07:10 Financial Market Movements and Analysis13:08 Precious Metals and Currency Trends20:11 Federal Reserve and Economic Policies25:13 Powell's Testimony and National Debt Concerns37:39 Trump's Reaction to Fed's Rate Decisions39:09 Powell's Stance on the Dollar and Inflation43:13 Criticism of Budget Deficits and Fiscal Policy44:14 Trump's Economic Claims and Hypocrisy49:49 Fed's Role in Deficit Spending53:22 Student Loans and Government's Role01:01:15 Investment Advice on Gold and Silver01:06:59 Conclusion and Final Thoughts⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟨 Gold News: http://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 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

30 Juni 1h 8min

Elon Musk Blows the Whistle - Ep 1030

Elon Musk Blows the Whistle - Ep 1030

Trump's economic policies, explores the weak labor market, and warns of impending inflationary pressures.Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the intricate dynamics of the current economic landscape, spotlighting the disillusionment surrounding political promises and the fragility of the labor market. He scrutinizes the recent jobs data, revealing the underlying weaknesses that mainstream narratives often overlook. Schiff emphasizes the deceptive nature of government statistics, drawing connections between economic policies and their real-world implications for inflation and market stability. He also discusses the controversial role of figures like Elon Musk in the political arena, highlighting the tensions and fallout from their interactions with policymakers. As always, Schiff's insights challenge conventional wisdom, providing listeners with a stark reality check on the state of the economy and the precarious path ahead.⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟨 Gold News: http://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/booksPeter Schiff dissects Elon Musk's critique of 👉 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/peterschiffChapters:00:00 Introduction and Opening Remarks00:55 Vacation and Current Events01:38 Market and Economic Analysis03:40 Jobs Data and Market Reactions11:08 Manufacturing and Trade Deficit20:21 Tariffs and Economic Impact24:59 Precious Metals Market32:24 Political Commentary and Predictions33:16 Deregulation and Investment Strategies33:54 Historical Context of Political Promises34:31 Challenges in Implementing Spending Cuts36:40 Elon Musk's Role and Disillusionment39:13 Political Dynamics and Congressional Challenges48:06 Elon Musk's Public Critique and Fallout53:03 Economic Implications and Future Outlook56:16 Conclusion and Call to Action#ElonMusk #EconomicAnalysis #JobMarketTrendsOur 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 Juni 57min

Gold Bull In a Bitcoin Conference - Ep 1029

Gold Bull In a Bitcoin Conference - Ep 1029

Peter Schiff discusses his experiences at the Bitcoin 2025 conference, recent market trends, and critiques various economic policies, emphasizing the importance of prudent investment strategies and skepticism toward Bitcoin's long-term viability.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at http://square.com/go/peterIn this episode of the Peter Schiff Show podcast, Peter Schiff gives a detailed commentary on various market trends and economic policies. He analyzes the performance of stocks, gold, and Bitcoin during the previous month, noting significant market movements. Schiff provides his critical perspective on the recent Bitcoin Conference he attended in Las Vegas, emphasizing the irony that many attendees credit him for their Bitcoin investments despite his criticism of the cryptocurrency. He also critiques U.S. economic policies, particularly focusing on tariffs, government spending, and recent court rulings affecting trade. Additionally, Schiff discusses his ongoing podcast tour and upcoming public appearances, along with providing personal anecdotes about his family. He concludes the episode by urging listeners to subscribe to his YouTube channel.📘 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/peterschiffChapters:00:00 Introduction to the Peter Schiff Show01:38 Market Overview: May Performance and Predictions02:32 Gold and Bitcoin: Correlation and Market Movements05:21 Tariffs and Trade Wars: Impact on Markets12:56 Trump vs. Powell: The Fed's Independence18:20 Upcoming Events and Personal Announcements22:09 Big Beautiful Bill: Debunking the Myths29:41 Bitcoin Conference Experience30:06 Contrarian Voices at the Bitcoin Conference30:42 Impressions of the Conference Organization31:37 Bitcoin Treasury Companies and Market Dynamics33:17 Unexpected Positive Reception36:16 Debate and Michael Saylor's Speech42:02 Bitcoin's Market Performance and Speculation51:52 Final Thoughts and Personal Updates#Bitcoin📘 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 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 Juni 53min

The Sell America Trade Gathers Momentum - Ep 1028

The Sell America Trade Gathers Momentum - Ep 1028

Peter Schiff discusses recent financial market turmoil, significant growth in precious metals, and critiques Trump's policies and actions.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at https://square.com/go/peterIn the latest episode of The Peter Schiff Show, host Peter Schiff provides an in-depth analysis of the recent turbulence in financial markets. Schiff discusses the significant rise in gold prices, which closed at its highest weekly price ever, while other precious metals like silver and platinum also saw a notable increase. He highlights the decline of the US dollar and reveals the consequences of tariff policies, emphasizing the need for listeners to consider precious metals and foreign equities as a hedge against impending economic challenges. Schiff also examines the Fitch downgrade of US government credit, linking it to unsustainable fiscal policies under both Trump and Biden administrations. Additionally, he scrutinizes the political and economic conflicts surrounding tariffs, privatization of Fannie Mae and Freddie Mac, and personal financial gains made by Trump during his presidency. Listeners are encouraged to stay in tune for more insights and remain proactive in safeguarding their financial portfolios.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com📘 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/peterschiffChapters:00:00 Introduction and Opening Remarks02:48 Market Recap and Gold's Performance05:57 US Dollar and Treasury Market Analysis11:29 Impact of US Credit Downgrade18:44 US Treasuries and Inflation23:46 Trump's Economic Policies and Tariffs40:10 Currency Dynamics and the Weak Dollar42:34 Trump's Economic Policies and Wall Street Influence45:25 Impact of Tariffs on the US Economy46:29 Fannie Mae and Freddie Mac Privatization52:18 Bitcoin and Cryptocurrency Insights54:26 Upcoming Conferences and Events57:22 Trump's Use of Presidency for Personal Gain01:12:03 Final Thoughts#gold #silver #bitcoinOur 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 Maj 1h 12min

Trade Truce Puts Budget Deficits In Focus - Ep 1027

Trade Truce Puts Budget Deficits In Focus - Ep 1027

Peter Schiff analyzes the stock market relief rally, criticizes Trump's trade policies and tariffs, and argues that the new tax bill and economic issues are not being properly addressed.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at https://square.com/go/peter😹 New Song From Laughing Cats: https://youtu.be/242UNuSyAz4🇺🇸 Sign up for Freedom Fest in Palm Springs, CA June 11-14: https://freedomfest.comPeter Schiff discusses the recent relief rally in stock markets following a temporary truce in the trade war, highlighting the role of President Trump's policies in both creating and defusing market tensions. He criticizes the Trump administration’s handling of tariffs and trade deficits, predicting that the U.S. economy is weaker than expected and will face significant challenges due to de-dollarization and rising interest rates. Schiff also scrutinizes the latest tax bill, arguing it fails to address core issues like the inefficiencies of the FDA and misaligned incentives in healthcare. He warns that temporary market gains are misleading and that fundamental economic vulnerabilities remain unaddressed.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com📘 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/peterschiffChapters:00:00 Market Relief Rally Amid Trade War Truce02:27 Impact of Tariffs on the Economy05:05 De-dollarization and Global Trade Dynamics07:15 Bond Market Vulnerabilities11:24 Bitcoin and Risk Assets Analysis16:17 Gold and Silver Market Insights21:41 Upcoming Events and Personal Announcements29:44 Critique of FDA Regulations33:38 The Skin Cancer Epidemic in America34:40 The FDA and Sunscreen Regulations36:01 The Problem with Employer-Based Health Insurance38:20 The True Cost of Health Insurance45:11 Trump's Big Beautiful Bill46:34 The Carried Interest Loophole50:48 The Car Loan Tax Deduction Debate01:01:15 The Future of the US Economy01:02:00 Conclusion and Final Thoughts#tradewar #tariffs #trumpOur 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

16 Maj 1h 1min

Another Fake Trump Trade Win - Ep 1026

Another Fake Trump Trade Win - Ep 1026

Peter Schiff rebukes Wall Street's false triumph over a China trade deal, dissects Trump's failed tariffs, and criticizes misguided drug pricing policies and questionable gifts from foreign nations.Sign up for a $1/month trial period at https://shopify.com/goldIn this episode of The Peter Schiff Show, Peter Schiff critiques the perceived celebration on Wall Street over a supposed trade deal with China, which he calls 'fake news.' He argues that rather than achieving a deal, President Trump merely rolled back the heavy tariffs he had initially imposed, with no substantial progress or concessions from China. Schiff contends that Trump's moves were a strategic surrender rather than a negotiation victory and attributes market reactions, such as stock rallies and gold price drops, to a relief from avoided economic damages. Schiff also criticizes Trump's populist actions such as advocating for drug price controls and accepting a questionable $400 million jet from Qatar. Schiff concludes by discussing the implications for markets and reiterates his advice on investing in gold and foreign currencies to protect against economic instability.⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟨 Gold News: http://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/peterschiffChapters:00:00 Introduction: Wall Street Celebrates Fake Trade Deal02:50 Trump's Tariff War: The Real Story03:35 The Geneva Meeting: A Surrender in Disguise05:34 The Illusion of Victory: Trump's PR Spin17:44 Market Reactions: Stocks, Gold, and the Dollar25:38 The Bigger Picture: Economic Implications34:58 Moving Away from US Dollars35:39 Trump's Price Controls on Prescription Drugs40:10 The FDA and Drug Development Costs55:29 Trump's $400 Million Jet from Qatar01:05:07 Conclusion and Final Thoughts#Trump #Tariffs #ChinaOur 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

13 Maj 1h 4min

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