Guaranteed Jobs Guarantees Disaster – Ep. 349

Guaranteed Jobs Guarantees Disaster – Ep. 349

Markets Down But Not by as Much as Expected
All the major U.S. stock markets were down on the week, but not by as much as I thought. We got that big drop on Monday, where we got the very bad reaction to even better than expected earnings. Plus, with interest rates rising, I thought we would have had more selling, but we didn't we actually rallied back most of the week from the big Monday decline, not enough to recover all of the losses, but the total losses on the week were not that bad. The Dow was down today, actually, by about 11 points. The NASDAQ eked out a small gain as did the S&P 500.
Yield on the 10-Year Highest Since Financial Crisis
Interest rates were moving up. In fact, the yield on the 10-year on Wednesday hit 3.035%. This is the highest it has been since before the Financial Crisis and I think one of the reasons that the stock market recovered a bit this week was because investors breathed a sigh of relief that the yield didn't stay above 3%. We closed above 3% on that Monday, I think it was 3.024%, but then we dropped on Thursday and dropped again on Friday; we went out at 2.957%, and that's only a slight increase from the 2.951% that yields closed at the prior week.
Existing Rates High Enough for Significant Damage
I think the markets are lulling in a false sense of security if they think that it's just one and done. "We finally took out 3%, maybe we cleared out some stops, and that's it. Yields have peaked, so there's nothing to worry about." As I said on my last podcast, even if this is the peak, I think it is already high enough to do significant damage to the economy, to the financial markets, to U.S. government finances. But - it's not the peak.
Rising Bond Yields Are Not Bullish for the Dollar
Rates have barely begun to rise and I think they are going a lot higher. Higher rates did continue to support the dollar. The dollar actually had a strong week; the dollar index closed up just over 1% on the week. It was down slightly today, so we surrendered some gains earlier this morning, but it was still an up week for the dollar. Again, I think those people who are buying the dollar are going to lose a lot of money if they don't turn around and sell. I think this is a sucker rally. As I said in my last podcast: Rising bond yields are not bullish for the dollar. 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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A Fed Policy Error That Will Live In Infamy – Ep 758

A Fed Policy Error That Will Live In Infamy – Ep 758

* Markets recover most all of their Black Friday losses. * Fed can’t fight inflation without deflating inflated economic bubble. * Data shows biggest drop in productivity in 62 years. * Consumer prices are headed much higher. * Real wages are headed much lower. * Bitcoin is a lousy store of value in terms of Ethereum. * Americans made real sacrifices during World War 2, not during the war on Covid. * US would have to fund a war with China by borrowing money from China. Thanks Raycon! For a limited time, go to https://buyraycon.com/gold and use code HOLIDAY for up to 15% off your entire Raycon order. Thanks FEALS. Become a member at https://feals.com/gold and get 40% off your first three months with free shipping INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

8 Dec 202155min

Do Weak Stocks in Dec. Portend Fed Ease in Jan? – Ep 757

Do Weak Stocks in Dec. Portend Fed Ease in Jan? – Ep 757

* Nasdaq suffers worst start to December in 20 years. * Stay-at-home darling stocks crash with no bottom in sight. * Covid is the gift that keeps on giving the Fed excuses. * Real unemployment rate is much higher than 10%. * Biggest fools now are those buying Bitcoin. * Maxine Waters pats herself on the back for giving away other people’s money. * Janet Yellen wants to postpone big catastrophe now for bigger catastrophe later. * Jerome Powell admits he now sees a substantial risk of persistent inflation. For a limited time, buy any 3-month Mint Mobile plan and get 3 more months FREE at https://mintmobile.com/gold Thanks Aura Frames. Get $30 off your order by going to https://auraframes.com with promo code GOLD INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

4 Dec 20211h 10min

Powell Finally Admits Inflation Isn’t Transitory – Ep 756

Powell Finally Admits Inflation Isn’t Transitory – Ep 756

* Dow down over 1300 points in 2 days over Omicron variant concerns. * Bubble market found its pin. * Powell is essentially a member of the Biden administration. * The only tools the Fed has left will destroy the bubble economy if they use them. * Powell lies about the credit worthiness of the US. * Ray Dalio says the only thing the Fed will successfully raise will be prices. * Build Back better targets the middle class with new bank account monitoring. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 2021. Thanks Theragun. Go to https://therabody.com/peter to try Theragun for THIRTY-DAYS starting at $199. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

1 Dec 202157min

Black Friday Leaves Investors Black and Blue – Ep 755

Black Friday Leaves Investors Black and Blue – Ep 755

* Covid crashes market again with new Omicron Strain. * Dow suffers its worst drop since Covid lockdowns started. * Investors choose Euro and Swiss Franc over US Dollar as safe haven. * Markets begin pricing out rate hikes that they previously priced in. * Smart money dumps crypto while dumb money buys the dips. Thanks Tru Niagen. Save 10% on your first purchase at https://truniagen.com/peter with code PETER Mene's 24k gold jewelry is giving my listeners 5% off their purchase at https://mene.com/?promo=schiff Use promo code "SCHIFF" at checkout. Offer expires December 2nd, 2021. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

27 Nov 202142min

Thanksgiving: How Capitalism Saved America From Socialism – Ep 754

Thanksgiving: How Capitalism Saved America From Socialism – Ep 754

* 2021 marks the most expensive Thanksgiving dinner ever. * Oil companies can’t pump oil as fast as the Fed can print money. * Pilgrims set sail for Communism, but landed on Capitalism. * Desperate Americans look to crypto as a ticket to wealth. * Bitcoin is fiat and people will lose faith in it like other fiats. * Alex Mashinsky of Celsius tells desperate Americans to take out loans to buy Bitcoin. * CNBC hosts an hour-long special shilling Bitcoin. * Cathie Woods is bullish on Bitcoin, but expects deflation. * Wherever inflation starts, it always ends up at the supermarket. * Fed can’t fight inflation and bail out the housing market at the same time. * Even Fed’s preferred data shows they are miles above their inflation target. One-of-a-kind financing program at https://netsuite.com/gold Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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

25 Nov 20211h 2min

The Devil You Know Is Still a Devil – Ep 753

The Devil You Know Is Still a Devil – Ep 753

* Biden reappoints Powel as Fed Chairman and promotes Brainard to Vice Chair. * Gold sells off and dollar rises on Fed news. * Investors worried about inflation under Powell two days ago now celebrate Powell’s reappointment. * If Biden wanted to fight inflation, he’d stop creating it. * Generation of entitled American socialists don’t think stealing is wrong. * MSNBC promotes racism. * Law abiding citizens don’t use cars or guns to kill people. * Rittenhouse trial being used to promote Communism. Thanks Raycon! For a limited time, go To https://buyraycon.com/gold for up to 20% off your entire Raycon order. Go to https://bambee.com/gold to schedule your FREE HR audit. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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 Nov 202158min

Rittenhouse Innocent, Government Guilty on All Accounts – Ep 752

Rittenhouse Innocent, Government Guilty on All Accounts – Ep 752

* Socialists are the only ones who believe Biden’s bill will Build Back Better. * Democrats accidentally admit that inflation is caused by expanding deficit and money printing. * The rich don’t have to cheat on their taxes like the middle class does. * Government wants to give all workers a 4 week paid vacation every year. * Government attack on civil liberties has crypto crowd concerned. * Kyle Rittenhouse innocent on all accounts. Thanks https://avast.com! Thanks https://truebill.com/gold. it could save you hundreds a year. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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 Nov 20211h 1min

Government Recycles 1970s Inflation Propaganda – Ep 751

Government Recycles 1970s Inflation Propaganda – Ep 751

* Janet Yellen lies to the nation. * The Fed doesn’t want to let the peoples’ cost of living decrease. * 2% inflation isn’t a target; it’s a floor. * Retail investors move from bubble to bubble without learning any lessons. * Sell your Bitcoin before Logan Paul’s audience does. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 2021. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW 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 Nov 202158min

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