Dependence Day Is Nothing to Celebrate – Ep. 368
The Peter Schiff Show Podcast3 Juli 2018

Dependence Day Is Nothing to Celebrate – Ep. 368

Market Closed Early for July 4th Holiday
The U.S. stock market closed early today, ahead of tomorrow's Fourth of July holiday when the markets are of course closed and Americans are out celebrating Independence Day, the birth of the nation, July 4, 1776. I love the Fourth of July as a holiday; it is purely American.
Framers of the Constitution Risked it All
One of the problems I have with the Fourth of July is that it makes me feel both good and bad about what happened on July 4, 1776. I am honored to have been born in a nation that was conceived in liberty and I think about the sacrifices made by the people who signed their names beneath John Hancock's name to that document. These men risked it all to put their names on the Declaration of Independence, committing treason against the British government. If we had lost that war, the King would have killed our founding fathers, as traitors.
The American Experience is Unique and Privileged
So you think back on the accomplishments and the sacrifices that were made and the incredible republic that our founders created. I'm proud that, but at the same time, I'm sad that it has all been lost. We no longer have the nation that our founders created for us. We have lost all that it means to be an American. It used to be so special to be American, based on the type of nation that we were, and the type of individuals that Americans were; what it meant to be an American, how unique and privileged it was.
The Role of Government in America
And today, even though the American economy is regarded as at the top, a lot of that is a function of debt and it's all an illusion. The difference between an American and any European these days is not nearly as great as it was. If you have never read the Declaration of Independence, and I am sure most of you probably had at some point, you might want to take another look at it, and give the entire document a read. I am going to read just a part of the second paragraph, because this is the most important aspect to understand the essence of what America is supposed to be, and what the American government is supposed to do. This is important because there are all these Socialists out there who want to re-define America - Democratic Socialism. This paragraph helps you understand the role of government in America.
We Hold These Truths to Be Self-Evident
Governments can have different roles in different countries, but in America, there is a certain role that government is supposed to have. It had it for a long time, but it no longer fills that role:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, —


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U.S. in Recession Amid Weak Labor Market – Ep 830

· U.S. goes into recession; Biden and Fed deny it. · Media goes along with redefining recession. · The Inflation Reduction Act will increase inflation. · Forex and gold investors finally figuring things out. · Bond investors still clueless. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. 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

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Recession Deniers Waking up to Reality – Ep 828

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24 Juli 202247min

Unwarranted Optimism Lifts Stocks, Pressures Gold – Ep 827

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21 Juli 202255min

A Tale of Two Dollars – Ep 826

A Tale of Two Dollars – Ep 826

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17 Juli 202259min

Official Inflation Hits Another New High – Ep 825

Official Inflation Hits Another New High – Ep 825

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10 Juli 202236min

Atlanta Fed Finally Forecasts Recession – Ep 823

Atlanta Fed Finally Forecasts Recession – Ep 823

· Atlanta Fed blindsided with negative GDO numbers. · Labor force participation rate near its lows. · Biden’s approval rating reaches new low. · Gold investments will pay off big. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. 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

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