Trump Is No Reagan & Powell Is No Volcker – Ep. 331

Trump Is No Reagan & Powell Is No Volcker – Ep. 331

Dow Down Over 250 Points
Today the Dow Jones was down just over 250 points; we're back below 25,000. I think we were down better than 300 on the lows of the day, but we went out pretty low. The dollar was actually quite strong today; the dollar index had one of its better days of the year - +.61. We're back at 89.71. We had gotten back below 89, with an 88 handle. Gold had a bad day today after having had some pretty good days last week. The price of gold down almost $18 now; just below $1330. We got above $1350 last week, but we couldn't hold it. I think we really need to go above $1400 to clear away this overhead resistance.
Bond Market Continues Decline
The only trend that really continued was the bond market, continuing to go down. It's pretty much a daily affair. Yields rising off the highs of the day - we're back below 2.9. We got to 2.915 on the 10-year. We closed at 2.893. But I think it is the back-up in yields that continues to put downward pressure on gold and some upward pressure on the dollar. Now, in the scheme of things, it does not matter because the dollar has been falling all year, despite the fact that rates have been rising all year.
False Narrative That High Rates Are Good for the Dollar
But the narrative that higher rates is good for the dollar still permeates the markets. Traders still have not figured out that they've got this one wrong. Likewise, they still haven't figured out that rising inflation is good for gold, not bad for gold. In fact, I think the catalyst for today's rally in the dollar and the sell off in gold is the news that came out on inflation on Friday.
Bad News about Inflation
We got some really bad news that inflation is picking up. We got the data for import prices and export prices. Export prices were up by .8% but import prices, which were clearly more important, because we have to pay for our imports - our import prices shot up 1%. They were expecting a gain of .6%, so 80% higher than what was expected. Year over year, you're talking about a 3.6% increase in the price of our imports.
Import Prices Rising Faster Than Export Prices
Now this is bad for a couple of reasons: 1) If our import prices are rising faster than our export prices, what does that mean about our trade deficit? That means its going higher. But 2) It's inflation, or the cost of living, because we have to pay for these imports. If imports are 1% more expensive, month over month, that means it costs Americans more money to buy whatever is imported. Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

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Biden and Powell Do America – Ep 686

Biden and Powell Do America – Ep 686

* New record high in S&P and Nasdaq. * New record high in monthly trade deficit. * New record high in shipping containers falling off ships into the ocean. * Powell not worried about increases in the cost of living. * The middle class created labor unions and then, like Frankenstein’s monster, the unions turned on their creator. * Biden’s plan to make healthcare more affordable will backfire and make it more expensive. * American Families Bill will set a new record high in fraud. * Government will do to childcare what it’s done to college tuitions. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

30 Apr 20211h 3min

Less of What’s Taxed, More of What’s Subsidized – Ep 685

Less of What’s Taxed, More of What’s Subsidized – Ep 685

* Jeff Gundlach sounding a lot like Peter Schiff again. * Biden’s American Families Plan extends entitlements to child care and sick leave. * Covid policies created multiple layers of unemployment fraud * Government wants to pick winners and losers in the economy. * IRS going after business owners with new increased auditing budget. * Presumption of innocence is under attack. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply. Offer valid through June 30, 2021. RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

28 Apr 202157min

Government Spending Is Taxation – Ep 684

Government Spending Is Taxation – Ep 684

* Stock market indexes break their 4-week winning streak. * Biden tax plan creates bearish environment for stock market. * Technical data for the dollar continues looking weaker. * Conspiracy theories surrounding the Perth Mint are wrong. * Republicans opposing Biden’s tax plan are hypocrites. Thanks to Amazon Pharmacy. Amazon Prime Members can save on prescription medication when not using insurance and get FREE 2-Day delivery! Learn more at https://amazon.com/GOLD RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

24 Apr 202155min

The Beginning or the End of the Bitcoin Bear Market? – Ep 683

The Beginning or the End of the Bitcoin Bear Market? – Ep 683

* Coinbase already in a bear market within a week of its IPO. * GBTC selling at a record discount. * Bitcoin dump is underway. * Biden readies massive federal tax increase on capital gains. * Rich gringos are benefiting Puerto Rico. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

23 Apr 20211h 1min

The Woke Mob Silences Dissenters – Ep 682

The Woke Mob Silences Dissenters – Ep 682

* Woke mob is preventing justice and cramping freedom of speech. * We should be mourning the death of justice, not the conviction of Derek Chauvin. * Jurors can now go home as heroes instead of fearing for their lives. * George Floyd didn’t sacrifice himself for justice. It was justice that was sacrificed. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

21 Apr 202144min

Trial by Mob: Injustice in America – Ep 681

Trial by Mob: Injustice in America – Ep 681

* George Floyd's autopsy results show he died of hypertension, heart disease, and drug overdose that complicated police subdual, restraint, and compression. * Video of Derek Chauvin shows he was following procedure and not trying to murder George Floyd. * Maxine Waters urges BLM to be more confrontational with their protests. * Benjamin Crump lies about Daunte Wright and Kim Potter on ABC's This Week. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

20 Apr 202153min

Is Dogecoin the New Bitcoin? – Ep 680

Is Dogecoin the New Bitcoin? – Ep 680

* Record setting day and week for the markets. * Dollar sells off as gold rises. * China eases restrictions on gold imports. * There is no silver scam at the Perth Mint. * CNBC treating the Coinbase IPO like they did the AOL Time Warner merger. * Bitcoin lost 97% of its value measured in Dogecoin. * Dogecoin was created as a joke and may become the punchline for hodling Bitcoin. Check out Ladder today to see if you’re instantly approved, go to https://ladderlife.com/GOLD Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

17 Apr 202150min

Madoff Dead, but Government Ponzi Schemes Live On – Ep 679

Madoff Dead, but Government Ponzi Schemes Live On – Ep 679

* This inflation isn’t transitory. Higher prices are here to stay. * Coinbase IPO triggers a buy the rumor sell the fact crypto avalanche. * Jerome Powell has zero understanding of gold. * Bernie Madoff died in prison, but his spirit lives on in the US Government. * Daunte Wright, like George Floyd, contributed to his own death. * Minnesota officer charged with manslaughter to appease the mob. Free $75 sponsored job credit at https://Indeed.com/peter. Terms and conditions apply. Offer valid through June 30, 2021. Invest like me: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast 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/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

14 Apr 202152min

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