The Swamp Wins on Taxes and the Fed – Ep. 297

The Swamp Wins on Taxes and the Fed – Ep. 297

No Change in the Fed Swamp
The announcement of the new Fed Chair, Jerome Powell, represents a commitment to the status quo at the Fed. President Trump has nominated the person most likely to do exactly what Janet Yellen did for President Obama. Powell has voted in lock step with Janet Yellen for the entire time she has chaired the Fed. The only real difference between the two is that Yellen is a Democrat and Powell is a Republican, even though he was nominated to be on the Fed by President Obama.
Politics as Usual, Rather than Change
Powell does not have an economics degree. Initially you might think that's a plus; Bernanke and Yellen have Ph.D.'s in economics, but they know nothing about economics because they learned from Keynesians. But Powell has hung out with these folks for such a long time, I assume he has all the same failures when it comes to understanding economics. More important than that is the politics of this. Jerome Powell embodies everything Candidate Trump criticized about the Fed and about Janet Yellen. President Trump accused Janet Yellen of being political, keeping interest rates artificially low to make Obama look better and to help Hillary get elected, and all of that was true. This is why many people voted for Trump, they voted for change. They thought that he was going to drain the swamp. Well the water level at the swamp is not going down at all with the nomination of Jerome Powell. Trump interviewed John Allison, who would have represented a change; he is a free market guy, and Austrian economist, Ayn Rand fan, he would have been a market change in direction at the Fed
Cut, Cut, Cut Plan
Now let's turn to the sham that is the Tax Cuts. Donald Trump wanted to call the plan the Cut, Cut, Cut Plan. Instead, they named it the Tax Cut and Jobs Act. This plan will definitely create jobs for the accountants. I skimmed through the 450-page outline of this plan, and what I can tell you is I believe that taxes will be much more complicated if this bill passes than they are now.
Tax Savings Will Go to Accountants
For low income earners. this tax bill will not complicate already rather simple tax filings. But if you have a small business with employees and capital investments, this bill will substantially complicate your tax filing. So to the extent that you might save any money on taxes, you will spend more on accounting fees, which by the way, are no longer deductible.
No Reduction in Size of Government
This bill is not the biggest tax cut in history, and it is not a tax cut for everybody. Many people will see a tax increase. Overall, the government will collect less revenue as a result of this bill, even though some people will be paying more. I watched Republicans claiming that this bill will provide relief from high taxes - there is no real relief because government doesn't get any smaller. The reason tax payers have such a heavy burden to bear is because government is so big. Since there is no reduction in the size of government, in fact, government is getting bigger, and will be bigger next year taxes should be going up on everybody! But Republicans are saying, " No we're not going to make government any cheaper, in fact we're going to provide even more government, we're going to make government bigger and more expensive, but we're just going to relieve you of the burden of paying for it, which is impossible, because there are not free lunches. There are no free lunches from Democrats and there are no free lunches from Republicans.



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Avsnitt(1092)

Strong Fundamentals and Technicals Send Gold and Silver to Record Highs

Strong Fundamentals and Technicals Send Gold and Silver to Record Highs

Gold and silver just posted historic record highs, and Wall Street is still asleep.In this week’s Schiff Gold Friday Market Wrap, Peter Schiff breaks down the biggest one-day dollar rally in gold history, silver’s surge above $90 an ounce, and why recent volatility is consolidation at extreme highs — not a top.Peter explains why:Gold and silver are flashing early warnings of a coming U.S. dollar and Treasury bond crisisMining stocks remain dramatically undervalued despite exploding metal pricesInflation is accelerating again while the Fed talks about rate cutsRising Japanese bond yields threaten global bond marketsTrump-era policies are unintentionally pushing the world away from the dollar and into goldCPI headlines are misleading while producer inflation is surgingThis moment mirrors subprime in 2007 — an early signal before a much larger crisisGold is reacting first. Silver followed. Bonds and the dollar are next.Peter also explains why waiting for pullbacks is a mistake, why physical silver supplies may tighten sharply, and why this bull market is just getting started.⭐️ 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 TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

17 Jan 30min

Trump Fed Feud Sends Gold and Silver Soaring

Trump Fed Feud Sends Gold and Silver Soaring

Peter Schiff examines the soaring prices of gold and silver, critiques Trump's Fed policies, and discusses the implications for the dollar and global markets.This episode is sponsored by NetSuite. Download the free “demystifying ai” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff delves into the escalating feud between former President Trump and Federal Reserve Chairman Jerome Powell, examining the implications for gold and silver markets. Peter highlights the recent surge in precious metals, driven by Powell's legal troubles and Trump’s controversial proposals, including a proposed cap on credit card interest rates. As Schiff critiques the mainstream media's dismissal of these significant market movements, he emphasizes the necessity for investors to reassess their positions amid a potential dollar crisis. With insights into the realities of monetary policy and the threats to financial stability, Peter Schiff offers a compelling analysis of the current economic landscape.Chapters:00:00 Introduction and Market Overview01:04 Precious Metals Surge04:19 Gold and Silver Mining Stocks06:08 Mainstream Media's Take on Gold11:05 Jerome Powell's Legal Troubles18:50 Trump vs. Powell: The Fed Feud24:06 Implications for the Dollar and Gold31:15 Bitcoin and Other Markets32:28 Trump's Proposed Credit Card Interest Cap32:55 Credit Card Interest Rates and Government Intervention33:58 Comparing Trump and Kamala Harris on Price Controls35:23 The Reality of Credit Card Market Competition39:58 Consequences of Capping Credit Card Interest Rates43:38 Trump's Views on Presidential Power and Foreign Policy49:25 Economic Implications and Investment Advice01:00:01 Final Thoughts and Call to ActionFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#TrumpFedFeud #GoldAndSilver #EconomicImplicationsOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

13 Jan 59min

Precious Metals Start 2026 With Strong Gains

Precious Metals Start 2026 With Strong Gains

In this Schiff Gold Friday Market Wrap, Peter Schiff breaks down the explosive start to 2026 for precious metals after a historic 2025: gold surged, silver and platinum ripped higher, and mining stocks finally confirmed the bull market by outperforming the metals. Peter explains why this is no longer “just a gold story,” why silver’s breakout likely reset support far above the old $50 ceiling, and why miners still look cheap despite massive gains.He also warns that 2026 could bring a physical silver squeeze—rising demand, tightening supply, and potential premium spikes that may make getting silver harder than simply watching the spot price. Peter connects the metals move to the bigger macro backdrop: de-dollarization, ballooning U.S. deficits and debt, weakening labor data, rising global yields (including Japan), and policy-driven inflation pressures.Finally, he revisits the fading “Bitcoin as digital gold” narrative—why Bitcoin lagged while real money led, and why that shift could accelerate capital flows toward gold, silver, and mining stocks in 2026.⭐️ 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 TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

10 Jan 58min

Year-End Special: My 2026 Economic and Market Forecasts

Year-End Special: My 2026 Economic and Market Forecasts

Silver didn’t just rally in 2025 — it broke out. After blasting through the multi-decade $50 ceiling and printing a violent spike into the $80s, silver finished the year still above $70, up roughly 140% while gold surged 64%. Meanwhile, the asset CNBC swore would win the year — Bitcoin — finished down, and Michael Saylor’s Strategy (MicroStrategy) collapsed to a fresh 52-week low.In this episode, Peter Schiff explains why the “blow-off top” narrative is wrong, why silver’s skepticism is actually bullish, and why this breakout is the start of a new leg higher — not the end. He also lays out why 2026 is shaping up as stagflation (weaker growth + stronger inflation), why tariffs will filter into consumer prices, why the Fed will face massive political pressure to cut and monetize, and why capital is rotating out of U.S. assets and into precious metals, commodities, foreign stocks, and emerging markets.If you’re still treating Bitcoin as “digital gold,” this is your warning shot: silver is signaling something big — and crypto may be next to unwind.👉 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 TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

1 Jan 48min

Silver Rocket, Bitcoin Breakdown: Why Metals Are Crushing Crypto (2025 Recap)

Silver Rocket, Bitcoin Breakdown: Why Metals Are Crushing Crypto (2025 Recap)

Silver just ripped to roughly $77 in a historic breakout, platinum hit an all-time high, and gold is pushing $4,500+—while Bitcoin and crypto-related trades show growing cracks. In this X Spaces recording (day after Christmas / Boxing Day), Peter Schiff explains why the metals move is not a “bubble,” why Wall Street missed it, and why gold/silver mining stocks may still be mispriced even after the rally.Topics covered:Why big rallies keep starting in Asia’s openingSilver’s breakout logic (and why it was “ridiculously cheap” earlier)Platinum’s record move and what it signalsWhy Schiff thinks Bitcoin/crypto is vulnerable (including MicroStrategy risk)Why mining stocks may still be a Q1 setupDollar confidence, inflation dynamics, and the macro backdropNot financial advice. Do your own research.Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#BitcoinCrash #SilverInvestment #EconomicPoliciesOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

27 Dec 202530min

Silver's Epic Rally Signals Bitcoin's Imminent Collapse

Silver's Epic Rally Signals Bitcoin's Imminent Collapse

Peter Schiff forecasts an imminent Bitcoin crash, critiques Trump's economic policies, and highlights the surging silver market in this episode of The Peter Schiff Show.The Peter Schiff Show Podcast - Ep 1054In this episode of The Peter Schiff Show, Peter Schiff dives deep into the implications of Silver's recent surge and the ominous signs of an impending Bitcoin collapse. With keen insights, he critiques the current economic landscape shaped by Trump's policies and discusses the ramifications of AI and automation on the job market. Schiff questions the reliability of government statistics, emphasizing the looming risks of inflation and the realities of the labor market. He also warns listeners about the dangers of understanding the cryptocurrency market, urging them to reconsider their investments in light of potential economic turmoil. This episode embodies Schiff's unwavering commitment to revealing the truth behind financial markets and advocating for sound investment strategies.Chapters:00:00 Introduction and Opening Remarks00:54 Holiday Plans and Podcast Schedule03:24 Silver Market Analysis07:49 Gold and Silver Investment Advice11:09 Jobs Report and Inflation Data22:18 Trump's Economic Policies and Critique33:41 AI and Automation Discussion34:59 The Flawed Logic of Anti-AI Sentiment35:50 Bernie Sanders and the AI Debate37:25 Trump's Media Ventures and Financial Maneuvers44:39 The Looming Bitcoin Crash50:38 Investment Strategies and Market Predictions59:31 Supporting Independent Music01:03:24 Final Thoughts and Holiday WishesFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#BitcoinCrash #SilverInvestment #EconomicPoliciesOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

19 Dec 20251h 4min

QE is Back! Cost of Living Will Soar - Ep 1053

QE is Back! Cost of Living Will Soar - Ep 1053

QE is coming back — and President Trump isn’t happy about Peter Schiff saying it out loud. After Schiff’s Fox interview, Trump fired off a Truth Social post attacking him… but the math doesn’t lie. Washington’s spending is exploding, deficits are surging, and the Fed has no way to finance it without returning to quantitative easing.This episode is sponsored by NetSuite. Download the free “demystifying ai” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff delves into the resurgence of Quantitative Easing (QE) and its implications for the economy. He argues that the return of QE is a clear signal that politicians, particularly Trump, are unable to fund their ambitious agendas without relying on monetary expansion. As markets begin to react to this reality, Schiff highlights the unraveling of the "Everything Bubble" and the inevitable departure from affordability that follows. With keen insight, he exposes the truths that politicians refuse to acknowledge, emphasizing that the consequences of QE will impact everyday Americans. Tune in as Schiff navigates these critical issues, offering a perspective rooted in economic reality.Chapters:00:00 Introduction and Opening Remarks00:55 Federal Reserve's Recent Actions03:23 Quantitative Easing Explained08:16 Market Reactions and Predictions12:11 Impact on Inflation and Employment30:45 Tariffs and Their Economic Impact39:41 Trump's Role in Inflation40:18 Biden's Inflation Policies41:29 Trump's Economic Policies Critiqued41:46 Fox News Interview Fallout46:20 Housing Market Reset48:10 Trump's Reaction on Social Media55:18 Debate Challenge to Trump56:09 Bitcoin vs. Tokenized Gold Debate01:09:42 Investment Advice and PredictionsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#QE #QuantitativeEasing #EconomicImpactOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

12 Dec 20251h 12min

Raised Rate Cut Hopes Lift Markets - Ep 1052

Raised Rate Cut Hopes Lift Markets - Ep 1052

Peter Schiff critiques the Federal Reserve's policies, discusses the housing market crisis, and forecasts gold and cryptocurrency trends in this episode.This episode is sponsored by Hims. Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the critical dynamics shaping today’s financial landscape. He dissects the recent market movements triggered by the anticipated Federal Reserve rate cuts and the implications for gold and silver prices. Schiff critiques the ongoing affordability crisis in housing and healthcare, highlighting the detrimental effects of government spending and inflation. He also explores the current state of the Bitcoin and cryptocurrency market, emphasizing the shifting sentiment as investors reconsider their positions. Listeners can expect a thorough analysis of how these trends intersect with broader economic policies and the enduring battle between capitalism and socialism. Tune in for Schiff's insights on navigating the complex financial terrain ahead.Chapters:00:00 Introduction and Market Overview00:55 Gold and Silver Market Analysis03:29 Federal Reserve and Economic Policies10:07 Housing Market and Affordability Crisis21:03 Impact of Potential Fed Chair Change24:19 Bitcoin and Cryptocurrency Market29:27 Holiday Spending and Trade Deficits31:53 Economic Growth and Capitalism vs. Socialism32:43 The Real Story of Thanksgiving39:59 Bitcoin and the Crypto Market54:17 Conclusion and Investment AdviceFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#FedRateHike #GoldMarketAnalysis #BitcoinTrendsOur Sponsors:* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

26 Nov 202554min

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