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Peter Schiff
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast. The podcast focuses on economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets. As entertaining as he is informative, Peter packs decades of brilliant insight into every news item. Join the thousands of fans who have benefited from Peter’s commitment to getting the real story out to the world.
German CPI Exposes ECB’s Low Inflation Lies – Ep 794
* Europe has a serious inflation problem.
* The ECB says the cost of living isn’t rising fast enough.
* Politicians and central bankers are using covid and Putin as scapegoats for inflation.
* The bigger the government, the bigger the problems.
* Gold and oil react to peace talks in Ukraine.
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44:4131/03/2022
The Fed Will Be Turning Japanese, I Really Think So – Ep 793
* Japanese will pay higher taxes, officially or through inflation.
* All bonds, not just treasuries, will fall in price.
* Biden calls for new wealth tax.
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55:4128/03/2022
Stock Investors Bathing in Bond Blood Bath – Ep 792
* Bond market has worst quarter since 1980.
* Recession will not take care of inflation.
* Mortgage rates will double far sooner than income.
* Gold stocks outperforming tech stocks is a sign of things changing.
* Biden will prolong the Russian invasion to scapegoat inflation crisis.
* Ukraine is fighting for sovereignty, not freedom.
* Idiot reporter asks Biden stupidest question ever.
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01:03:3926/03/2022
Government Solutions Worsen Every Problem Government Creates – Ep 791
* Stocks are going up and down while gold is just going up.
* Bond prices are a function of government intervention and nothing else.
* Bitcoin, tech, and meme stocks caught up in bear market rally.
* Democrats’ Gas Rebate Act will fuel the inflation fire.
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39:5325/03/2022
Inflation Far Bigger Threat Than Investors Expect – Ep 790
* Everything-is-awesome attitude won’t last long much longer.
* Stagflation is here.
* This round of QE won’t be like the last 4.
* The economy has never been as addicted to cheap money as it is now.
* Bond investors will begin to realize that bonds are mispriced.
* We’ve been making our inflation bed for years and now it’s time to lay in it.
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58:3623/03/2022
Stocks Soar as My Reputation Tanks – Ep 789
* Investors buy the fact after selling the rumor.
* Fed will raise rates until it can’t.
* The emperor’s new clothes is Zelensky’s t-shirt.
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54:0919/03/2022
The Most Anticipated Yet Least Significant Rate Hike Ever – Ep 788
* Elizabeth Warren blames covid and corporations for problems caused by Congress.
* Bond market thinks the recession will cure inflation; it won't.
* Congressional staffers get a huge pay raise, paid by taxpayers.
* Small rate hikes will hurt the stock market, not the gold market.
* Fed is doing the minimum it can get away with to try to save face.
* You live by low interest rates, you die by high interest rates.
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01:05:5317/03/2022
The U.S. Has More to Lose Than Russia – Ep 787
* Record highs coming for oil.
* Dollar rallies into its last hurrah.
* Don’t throw stones when you live in a glass White House.
* Consumers wrongfully expecting inflation relief.
* Russia is not causing inflation, the U.S. government is.
* Biden is interfering with job creation, not improving it.
* Inflation is one of the few things still made in America.
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55:0512/03/2022
Gold Is the Safest Haven – Ep 786
* Joe Biden’s executive order will hurt Bitcoin.
* Elizabeth Warren has a deep seated hatred for Bitcoin.
* Biden displays cringe level hypocrisy on oil companies.
* Gold miners will make far more money than investors think.
* Watch out for gold scams.
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54:3311/03/2022
Gold to the Moon, Bitcoin Stuck on Earth – Ep 785
* Biden bans Russian imports.
* Oil push higher.
* Dow enters into correction territory.
* S&P plunges deeper into correction.
* Russell 2000 and NASDAQ enter bear markets.
* Gold hits new all time high.
* US economy hemorrhaging red ink.
* Bitcoin is setting up for a crash to zero.
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55:5809/03/2022
The Road to Debt Monetization Is Paved With Good Intentions – Ep 784
* China will begin selling more US dollars and treasuries.
* Food and energy prices surge.
* Biden’s State of the Union was misinformation.
* Jerome Powell skips SOTU to prepare his own lies.
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58:4705/03/2022
Russia Is the Newest Excuse Variant – Ep 783
* Russian economy gets cut off from the world.
* Russian stocks obliterated.
* Investors should stop questioning gold and start buying it.
* Russia will replace Covid as the Fed’s scapegoat.
* As the streets get bloodier, the opportunities get bigger.
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43:2701/03/2022
Biden’s Supreme Court Pick Will Ignore the Constitution – Ep 782
* Democrats hate the constitution.
* The constitution doesn’t need to be interpreted.
* Republics protect the minority from the majority.
* Founding fathers warned of the evils of democracy.
* You can’t have liberty in a democracy, but you can in a republic.
* The constitution was written to protect against democracy.
* The government that governs best, governs least.
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53:1926/02/2022
What if the World Sanctions America? – Ep 781
* Russian stock market loses big.
* Gold’s bullish story strengthens.
* Sanctions will have ramifications beyond Russian borders.
* Joe Biden does a premature victory dance.
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43:2225/02/2022
Sanctions for Russia Mean Higher Inflation for America – Ep 780
* Bad presidents, like Joe Biden, do not deserve to be honored on Presidents Day.
* George Washington was the greatest American in history.
* Joe Biden avoids taking questions to avoid giving stupid answers.
* Government’s solution to the energy crisis will be rearranging the deck chairs on the Titanic.
* NATO should have been disbanded with the fall of the Soviet Union.
* Bitcoin leads risk assets lower, in the opposite direction of gold.
* Markets are reacting more to inflation fears than concerns over Russia and Ukraine.
* Buying Bitcoin is better than shorting gold.
* Hex coin scam epitomizes the problems with Bitcoin.
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50:3923/02/2022
Recession Will Make the Inflation Problem Worse – Ep 779
* Supply will decrease faster than demand.
* Fed will fight recession with more inflation.
* Democrats bribing voters with gas tax holiday.
* American investors watching their wealth evaporate.
* Falling Bitcoin proves it’s a poor hedge against the rising inflation.
* Russia invading Ukraine is the noise. Inflation is the music.
* Dry powder in cash is getting wet.
* The trend is not your friend if you’re Cathie Wood.
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56:1119/02/2022
The Fed Is Running Out of Minutes – Ep 778
* Economic data blows away expectations.
* Wages are a price and prices are going up because of inflation.
* Keynesians can’t even follow their own playbook.
* Real demand is determined by supply.
* Don’t take free heroin just because you don’t want to waste it.
* Fed hawks went the way of the dodo bird.
* Fed policy is the opposite of Teddy Roosevelt’s Big Stick policy.
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45:4717/02/2022
It’s Mission Impossible for the Fed – Ep 777
* Value stocks becoming the new momentum stocks.
* Previous momentum stocks pick up momentum in the wrong direction.
* Bitcoin’s reaction to Russia Ukraine tensions prove it’s the opposite of a safe haven.
* Consumer sentiment at its gloomiest in 11 years.
* Worst inflation numbers since 1982.
* Companies like Peloton hiding their price increases in delivery and service fees.
* Government is deliberately cooking the books on the CPI.
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01:02:0812/02/2022
Markets Miss Important Fed Admission – Ep 776
* Momentum stocks rally.
* Gold inches higher under everyone’s radar.
* Investors distracted by Bitcoin’s bear market rally.
* Atlanta Fed President Bostic admits policy will be less loose, not tight.
* Original CPI change was intended as a stealth way to cut social security.
* Unemployment numbers don’t count people with covid.
* New jobs are currently being created by statisticians, not employers.
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55:1510/02/2022
The Fed Will Lose an Inflation Fight – Ep 775
* Surprise earnings send Nasdaq on a roller coaster.
* Companies are paying the price for not raising their prices.
* Bitcoin trading above $40k, perhaps for the last time.
* $10/gallon gasoline on the horizon.
* Rising Euro will be problematic for the US economy.
* Jobs report reveals strength in inflation, not the labor market.
* Gold market shows investors are waking up to the Fed’s failing inflation fight.
* Markets punish discrimination; government rewards discrimination.
* Washington DC should pick a more appropriate name for their football team.
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01:11:5505/02/2022
Sell the Rip, Don’t Buy the Dip – Ep 774
* The stock market is rotating, not crashing.
* Weak economic data will make it harder for the Fed to tighten.
* Fed may begin blaming rising oil prices on economic slowdown.
* Market will assign premium to companies producing earnings and paying dividends.
* Facebook abandons their cryptocurrency project, Libra.
* 6 more weeks of winter is nothing compare to the crypto winter ahead.
* National debt reaches $30 Trillion.
* The dollar is Monopoly money held up by a giant Ponzi scheme.
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43:4603/02/2022
The Bigger the Bubble, the Smaller the Pin – Ep 773
* January could end up being the worst month ever in the stock market.
* Worst is yet to come for Robinhood.
* Fed’s hawkish talk pushing the dollar higher and gold lower.
* Value investments continue to outperform growth investments.
* Consumers are buying less, but spending more.
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52:0629/01/2022
No Pivot: Powell Put Expires – Ep 772
* Jerome Powell surprises no one in FOMC meeting.
* Tesla is not Microsoft.
* Hedge fund sharks will smell blood on Cathie Wood.
* Bullish gold news ignored by traders.
* Powell confuses economic strength for an economic bubble.
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46:1127/01/2022
A Stock and Crypto Reversal, but Not a Bottom – Ep 771
* Stocks pump on potential Powell pivot.
* Fed trying to prevent its credibility and the market from imploding.
* More than two thirds of Bitcoin holders are underwater on their purchase.
* The gold standard didn’t fail.
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46:1725/01/2022
Risk Assets Crash Tests Fed’s Resolve – Ep 770
* Fed’s talk pricked the mother of all bubbles.
* Netflix becomes a victim of its own success.
* Cathie Wood’s ARKK fund sees an entire bear market in one week.
* Investors are no longer taking refuge in the US dollar.
* Tether is an accident waiting to happen.
* Pumpers are now conceding that Bitcoin is correlated to risk assets.
* There is no basis for owning Bitcoin.
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01:01:5122/01/2022
The Most Obvious Crisis Almost No One Saw Coming – Ep 769
* Stock market is in bad shape, but bond market is worse.
* Silver rallies.
* Any negative yield in bonds is a positive for gold.
* Numbers on economy getting weaker as numbers on inflation get stronger.
* Fed can’t fix an inflation induced recession with more inflationary policies.
* The crash I wrote about in my 2007 book, Crashproof, is happening right now.
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40:2619/01/2022
2022 Kicks off the Great Rotation – Ep 768
* Oil prices headed for record highs.
* Massive rotation from growth stocks to value stocks in effect.
* Investors rushing to dump Cathie Wood’s ARKK fund.
* Grayscale Bitcoin Trust follows growth stocks decline.
* Gold will follow oil’s breakout.
* Lael Brainard should be fired, not promoted.
* The Fed is saving some jobs… the unproductive ones.
* Quantitative Easing has a disproportionately negative impact on minorities.
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55:4515/01/2022
Fed Unveils Field of Dreams Monetary Policy – Ep 767
* Official CPI is at its worst in 39 years.
* Real CPI is at its worst in history.
* Investors beginning to realize that the Fed is too little too late.
* Elizabeth Warren wants the Fed to blame inflation on price gouging.
* Democrats are laying the foundation for price controls.
* Paul Tudor Jones believes Bitcoin will do poorly in 2022.
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01:18:4113/01/2022
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.
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01:08:1808/01/2022
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
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01:00:4105/01/2022
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.
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58:1131/12/2021
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.
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01:11:3624/12/2021
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.
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58:5818/12/2021
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.
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01:00:5616/12/2021
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.
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01:09:2211/12/2021
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.
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01:02:2910/12/2021
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.
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55:1008/12/2021
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.
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01:10:4604/12/2021
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.
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57:1701/12/2021
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.
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42:2427/11/2021
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.
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01:02:3125/11/2021
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.
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58:4824/11/2021
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.
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01:01:0820/11/2021
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.
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58:3317/11/2021
Fed’s Credibility Is Transitory, Not Inflation – Ep 750
* CPI data heavily contradicts Fed’s transitory inflation narrative.
* Reagan was more popular during a recession than Biden is during this “booming” economy.
* The government has too much money on the line not to lie about inflation.
* Media’s bias taints their inflation reporting.
* Federal Reserve can print money, but they can’t print stuff.
* Biden’s Build Back Better plan would have even Keynes rolling in his grave.
* Biden considers releasing US strategic oil reserves to China.
* Consumer sentiment plunges.
* Gold price surges.
* Fed won’t try to fight inflation because it will reveal their weak position.
* Fed’s policy: Speak loudly when you have no stick.
* Falling dollar will be the next domino to fall.
* Record number of Americans tell their employer to take job and shove it.
* Bitcoin whales conning institutions and bribing politicians.
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01:15:4913/11/2021
Consumers on the Hook for Rising Producer Prices – Ep 749
* Supply shortages exacerbated by consumers reading the inflation writing on the wall.
* Gas prices at the pump close to all time record highs in most of the country.
* Dollar is being propped up by taper.
* The crypto market has flipped the gold market.
* Joe Biden looks to replace Jerome Powell with Lael Brainard.
* Is Elon Musk sending a message to the government, or is he trying to sneak out of his overpriced Tesla stock?
* Government should be financed through consumption, not income.
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01:07:1510/11/2021
Gold’s Surprise Rally Shows Sellers Are Exhausted – Ep 748
* Press knows Biden doesn’t have the aptitude to even answer softball questions.
* Record high stock market eyes blue skies ahead.
* As Peloton bikes become overpriced clothes racks, Peloton stock becomes dirty laundry.
* Gold may end up being the pin that pricks the Bitcoin bubble.
* The IRS tricked the middle class.
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01:03:0406/11/2021
Fed Finally Launches the Taper, Now What? – Ep 747
* Markets blessed Fed’s decision to begin tapering.
* Jerome Powell says economy is healthy, but requires monetary policy of an economy in crisis.
* Full employment is subjective and rarely achieved.
* Powellnomics: It’s inappropriate to have interest rates above 0% in an economy that’s not at 100% employment.
* Fed knows the economy is hanging by a threads, and that thread is 0% interest rates.
* It doesn’t matter who the President of the United States is. What matters is who runs the Federal Reserve.
* Dollar falling may be investors buying the rumor and selling the news.
* No bad news in sight for gold, and no good news in sight for the dollar.
* Don’t pick up pennies in front of steam rollers.
* Zillow’s moronic house flipping business model caves.
* Don’t confuse brains for a bull market or a bubble.
* Taper is fully priced into gold and silver market.
* Don’t jump onto a moving train; get on it before it leaves the station.
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55:4704/11/2021
Shiba Inu Highlights Bitcoin’s Lack of Scarcity – Ep 746
* Nasdaq and S&P finish the week strong.
* Robinhood closes the week near its all time low.
* Newmont leads gold mining stocks lower.
* Gold mines don’t lose missed earnings, they postpone them.
* Crypto ships will rise and sink on the same tide of fear and greed.
* Inflation is driving up labor costs.
* Hypocrisy is the one thing all politicians have in common.
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56:2430/10/2021
Markets Can’t Ignore Exploding Trade Deficits Forever – Ep 745
* US dollar would tank if traders understood implications of economic data.
* Trade deficit continues to break records month after month.
* Strong economies have trade surpluses; we have a bubble economy.
* We’re only consuming and importing because we’re printing a currency the world still values.
* Massive trade deficits aren’t a problem until they’re a crisis.
* Government pretends rights are privileges so it can tax them.
* Moral hazard and rampant fraud will ramp up childcare costs under new Biden plan.
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44:3829/10/2021