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 o...
Peter Schiff discusses Black Friday's origin, American consumerism, the nation's heavy reliance on imports, and Trump's economic policies.This episode is sponsored by:OneSkin: Get 15% off OneSkin with the code GOLD at https://oneskin.coLucy: Go to https://lucy.co/gold and use promo code GOLD to get 20% off your first orderPeter Schiff discusses the concept of Black Friday and its origins, contrasting it with current perceptions of economic strength. He delves into the United States' heavy reliance on imported goods, listing numerous products and categories predominantly produced abroad. Schiff criticizes American consumer habits, particularly the reliance on debt for holiday spending, and challenges the notion of economic strength based on consumption rather than production. He critiques Donald Trump's trade policies, immigration stance, and economic strategies, arguing that America's perceived strength is a myth dependent on unsustainable consumption and foreign production. Schiff also touches on the impracticality of Trump's proposals for cutting government spending and tariffs, emphasizing the need for long-term investments and sacrifices to rebuild America's productive capacity.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction and Opening Remarks01:45 The History and Significance of Black Friday05:03 Economic Misconceptions and Consumer Behavior08:57 The Reality of American Consumption11:01 Trump's Views on the Dollar and BRICS17:49 The Consequences of Losing Foreign Goods30:57 America's Dependence on Imported Goods31:19 The Coffee and Seafood Shock33:09 Produce and Other Imports33:59 The Illusion of a Strong Economy36:42 The Reality of American Imports38:30 Trump's Economic Promises and Reality39:14 The Challenge of Reindustrializing America43:36 Immigration and Labor Policies49:23 Tariffs and Government Spending51:59 The Future of the American Economy01:01:10 Conclusion and Final Thoughts#AmericanEconomy #BlackFridayHistory #EconomicPolicyOur Sponsors:* Check out LegalZoom and use my code SCHIFF for a great deal: https://www.legalzoom.comPrivacy & Opt-Out: https://redcircle.com/privacy
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57:54
Tariffs: Not the Turkey We Want This Thanksgiving - Ep 994
Peter Schiff discusses Thanksgiving's capitalist roots, the Pilgrims' failed socialism, tariffs' economic impact, and recent market trends.Cut your wireless bill to $15/month at http://mintmobile.com/gold.Visit http://indeed.com/peter to start hiring now.Peter Schiff's Thanksgiving special podcast from St. Barths offers a compelling narrative on the history and lessons of Thanksgiving, celebrating capitalism over socialism. Drawing parallels between the early Pilgrims' failed communal experiment and Karl Marx's theories, Schiff emphasizes the pivotal role of individual incentives and free markets. He transitions into discussing current economic data, trade deficits, and the impact of tariffs under the Trump administration, debunking common economic misconceptions. Schiff argues that tariffs harm the US economy more than they benefit it and critiques government monetary policies, predicting economic challenges ahead. He concludes with reflections on the resilience of human nature and the enduring principles of capitalism.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff00:00 Introduction02:24 Thanksgiving and Capitalism05:14 The Pilgrims' Experiment with Socialism09:28 The Shift to Capitalism and Its Success12:22 Modern Implications of Pilgrims' Lessons18:38 Gold Market and Global Economy26:19 Impact of Tariffs on the Dollar30:16 Final Thoughts Before Break32:11 Debunking Tariffs and the Strong Dollar Myth33:49 The Impact of Tariffs on Trade Deficit36:38 Manufacturing Sector and Economic Weakness40:48 Tariffs and Inflation: A Misunderstood Relationship44:17 Global Trade and Comparative Advantage49:37 Economic Data and Market Reactions57:35 Conclusion and Final Thoughts#capitalism #Tariffs #ThanksgivingOur Sponsors:* Check out LegalZoom and use my code SCHIFF for a great deal: https://www.legalzoom.comPrivacy & Opt-Out: https://redcircle.com/privacy
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55:46
Data Revisions Confirming What Voters Already Knew - Ep 993
Go to https://Lucy.co/GOLD and use promo code gold get 20 percent off your first order. Go to https://LegalZoom.com and use promo code SCHIFF to get 10% off. LegalZoom is not a law firm and does not provide legal advice, except where authorized through its subsidiary law firm LZ Legal Services, LLC.https://www.youtube.com/watch?v=ne__pTRAenc&t=42s🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out LegalZoom and use my code SCHIFF for a great deal: https://www.legalzoom.comPrivacy & Opt-Out: https://redcircle.com/privacy
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53:05
Bitcoin: The Biggest Bubble of Them All - Ep 992
Bitcoin hits new highs; MicroStrategy's risky Bitcoin investments; Trump's impact; misallocation in crypto; China's strategic investments; UK labor rights.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldGet $10 off your first month’s subscription + free shipping at https://nutrafol.com when you use promo code GOLDPeter Schiff critiques the hype surrounding Bitcoin and MicroStrategy's investment strategies, attributing Bitcoin's recent gains to speculative fervor tied to political promises by figures like Donald Trump and Robert Kennedy Jr. He argues that such speculative bubbles harm the economy by misallocating resources. Schiff contrasts these developments with China's strategic investments in infrastructure, which bolster their economic position. He also discusses the implications of labor laws in the UK and their potential to backfire by increasing automation and outsourcing. Schiff concludes by emphasizing the ongoing devaluation of the dollar and the risks posed by continued abandonment of the gold standard.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff00:00 Introduction and Opening Remarks01:38 Bitcoin's Record Highs and Market Dynamics02:37 Trump's Influence on Bitcoin09:16 MicroStrategy's Bitcoin Strategy17:45 Commercial Break19:03 Bitcoin Bubble and Market Criticism23:40 Gold Standard and Economic Perspectives25:49 Bitcoin vs. Gold Debate31:22 Commercial Break31:46 Holiday Season and Hair Health32:00 Nutrafol: The Ultimate Hair Growth Solution33:27 The Cost of Healthy Eating37:39 Impact of Immigration Policies43:29 UK's Labor Bill of Rights57:33 Conclusion and Upcoming Events#Bitcoin #MicroStrategy #goldOur Sponsors:* Check out LegalZoom and use my code SCHIFF for a great deal: https://www.legalzoom.comPrivacy & Opt-Out: https://redcircle.com/privacy
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55:15
The Road to Inflation Is Paved With Debt - Ep 991
Analyzing bond yields, Fed policies, national debt impacts, and contrasting Bitcoin's speculative rise against gold's decline post-Trump win.📣 Sign up for a $1/month trial period at https://shopify.com/gold📣 ExpressVPN: Get an extra 3 months free. https://expressvpn.com/goldIn this episode, Peter Schiff explores the current market trends led by the bond market and their broader impacts. He discusses the recent high yields on U.S. Treasuries, Fed rate cuts, and inflation adjustments. Schiff critiques the enormous rise in national debt under both Trump and Biden administrations and cautions against further deficit spending. He delves into the implications of rising interest rates on the housing market, the dollar's strength, and gold prices. Schiff also comments on the speculative nature of Bitcoin, and the potential consequences of the U.S. government's proposed involvement in Bitcoin transactions. He shares his skepticism about the Department of Government Efficiency and the unrealistic expectations for spending cuts. Peter Schiff emphasizes the importance of sound economic policies and the dangers of continued fiscal irresponsibility.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff00:00 Introduction: The Trump Trade and Bond Market Dynamics02:13 Impact of Fed Rate Cuts on Treasury Yields03:34 National Debt and Presidential Records07:08 Bitcoin vs. Gold: Market Reactions07:44 Senator Loomis' Bitcoin Proposal10:57 Sarcastic Social Security Plan with Bitcoin17:19 Debunking the Strong Economy Narrative19:22 Rising Interest Rates and Inflation Concerns26:24 Department of Government Efficiency: A Joke?30:39 Challenges in Cutting Government Programs31:03 Reagan's Failed Attempts and Trump's Prospects32:13 The Reality of Government Job Cuts33:48 Trump's Spending Promises vs. Reality36:50 Bitcoin and the Financial Bubble44:51 The Constitutional Debate on Money Printing50:35 The Federal Reserve's Role and Independence53:00 Conclusion and Future Outlook#FederalReserve #TrumpTrade #BitcoinPriceOur Sponsors:* Check out LegalZoom and use my code SCHIFF for a great deal: https://www.legalzoom.comPrivacy & Opt-Out: https://redcircle.com/privacy
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.
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