Bond Breakdown Gathers Momentum – Ep.  353

Bond Breakdown Gathers Momentum – Ep. 353

Las Vegas to Vancouver to Las Vegas
I'm recording today's podcast from my hotel room in Vancouver, Canada. I'm up here for a couple of days at the 2018 Vancouver Resource Investment Conference and actually I left Las Vegas to come here; I am at the Las Vegas Money Show, I was there yesterday and I will be back again tomorrow for another talk, and on Thursday I am flying to Puerto Rico for another conference before heading back to Weston, Connecticut for the summer.
Debating Bonds with Gary Shilling
I was on a panel yesterday in Las Vegas at the Money Show and it was moderated by Mark Skousen, and one of the guys on the panel with me was Gary Shilling. And I've been arguing with Gary Shilling for a long time; there are plenty of YouTube videos of Shilling and myself over the years, arguing. He is basically a perma-bull when it comes to U.S. Treasuries. He is always bearish on the stock market and he's always bullish on the bond market. For a while, he was right to be bullish on the bond market, because we had a huge bull market in bonds. But the bull market appears to be over, yet Gary Shilling is as bullish as I have ever seen him on the U.S. bond market. He is also bullish on the dollar; I guess if you are always bullish on the bond market you are also bullish in the dollar because bonds are dollar I.O.U.'s.
Shilling: China Would Never Sell U.S. Bonds
Now I think this is one of the times when Gary Shilling is dead wrong. One if the points that he made that I challenged him on was when he started talking about China. He said the Chinese would never sell their U.S. Treasuries because if they sold them, the prices would collapse, and they would be destroying their own portfolio; therefore they are not going to sell because they do not want to destroy the value of the assets they might want to sell.
China Can Just Let Their T-Bills Mature
I pointed out to Gary that the Chinese don't have to sell any Treasuries to get out of them. They simply have to let them mature. Then it is not China who has to sell the Treasuries, but the U.S. Treasury who has to find a new buyer to replace China. If China were dumb enough to own a lot of 30-year government bonds, then they would have to put those bonds on the market. That would affect the price. In fact, if you were China, and you owned a trillion dollars worth of 30-year bonds, and you did try to sell, the price would collapse. China may be dumb, but they are not that dumb. They own a lot of T-bills, so they will mature in 30 days, 60 days, 90 days; they don't have to sell anything.

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Less Loose Will Lower Markets, Not Inflation – Ep 766

Less Loose Will Lower Markets, Not Inflation – Ep 766

* Stock market off to a bad start for first week of trading in 2022. * Fed minutes send bond markets tanking. * Investors spooked out of speculative bets and into commodities. * Inflation pressure building on producers and consumers. * Workers fall further behind as prices increase faster than wages. * Bitcoin chart looking ominous. * El Salvador is underwater on their Bitcoin bet. * Microstrategy balance sheet will soon have a big hole in it soon. * Michael Saylor talks out of both sides of his mouth about US Dollar. * NASA agrees, gold has intrinsic value. Get an extra 3 months. https://expressvpn.com/gold. Thanks Tommy John! Get 20% off your 1st order https://tommyjohn.com/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

8 Jan 20221h 8min

The Year of Living Dangerously in Review – Ep 765

The Year of Living Dangerously in Review – Ep 765

Peak speculation in 2021 lead to meme stocks, silly named crypto, NFTs, and all time record highs for: * Issuance of SPACS * Mergers & acquisitions * Corporate buy-backs * IPOs from money losing companies * IPOs from regular companies * Home loans * Trade deficit * Government borrowing in a non-recession year * Bitcoin price Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Cut your wireless bill to $15/month at https://mintmobile.com/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

5 Jan 20221h

2021: A Year of Peak Speculation – Ep 764

2021: A Year of Peak Speculation – Ep 764

* Everyone is talking about inflation. * Fed is re-rigging the CPI again to hide increasing inflation. * Strong economies create surpluses, not deficits. * US is importing more and exporting less. * Prices up on lumber and other commodities. * Bitcoin stole gold’s thunder in 2021. * 2021 was a great year for Bitcoin sellers, but not buyers. Go to https://bambee.com/gold to schedule your FREE HR audit. Thanks Tru Niagen. Save 10% on your first purchase at https://truniagen.com/peter with code PETER 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

31 Dec 202158min

Peak Inflation Is Nowhere in Sight – Ep 763

Peak Inflation Is Nowhere in Sight – Ep 763

* Santa Claus rally comes early. * Even Fed’s sugarcoated data shows inflation twice has high as their target. * Gold may be turning its $1800 ceiling into a floor. * Bitcoin pumps with risk assets. * Record GBTC discount shows investors are losing interest in Bitcoin. * Inflation will peak when people least expect it. * Elon Musk wrote the biggest tax check to the US government in history. * Elizabeth Warren is a freeloader. 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 Dec 20211h 11min

The Era of Low Inflation Was Transitory – Ep 762

The Era of Low Inflation Was Transitory – Ep 762

* Chinese imports have kept a lid on goods prices, but not services. * Dollar will decline when foreign investors no longer want US stocks. * We now have more inflation and less ability to deal with it than in the 1970s. * US may soon trade used American cars for used Chinese bikes. * The US Dollar is still backed by more than Bitcoin is. Thanks https://avast.com! Thanks Mack Weldon. For 20% off your first order, visit https://mackweldon.com/gold 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

18 Dec 202158min

A Dove Can’t Change Its Feathers – Ep 761

A Dove Can’t Change Its Feathers – Ep 761

* Elizabeth Warren blames inflation on greedy business owners. * Producers aren’t price gouging. They’re being gouged. * Fed should stop QE now, not just taper it. * Retail consumers are buying less and paying more. * Congress raises the debt ceiling $2.5 Trillion. * History will judge Jerome Powell before his second term ends. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 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

16 Dec 20211h

Government Rigged the CPI to Understate Inflation – Ep 760

Government Rigged the CPI to Understate Inflation – Ep 760

* October and November see biggest back to back CPI increase of the year. * 2021 inflation was worse than any year in the 1970s. * Rigged CPI adds to government revenue. * Jussie Smollett hangs himself with fake noose story. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. 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

11 Dec 20211h 9min

Crypto Hearing: Irony, Lies, and Hypocrisy – Ep 759

Crypto Hearing: Irony, Lies, and Hypocrisy – Ep 759

* Bitcoin continues to lose ground to Ethereum. * Maxine Waters leads Congressional hearing on crypto. * FDIC made banking less safe. * Bitcoin competes with 14,000 other cryptocurrencies, but not the US dollar. * Michael Saylor sails off the deep end. * Bitcoin will lead to greater racial divide in wealth. * Discount on Grayscale Bitcoin Trust shows institutions are not rushing into Bitcoin. * Ark Invest launches new Transparency ETF. * Cathie Wood is the epitome of “this time it’s different” * Most people have lost money who have invested in Ark ETFs. Get an extra 3 months. https://expressvpn.com/gold. 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

10 Dec 20211h 2min

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