🔴 Fed Fakes Inflation Fight as Pretext for Future Cuts - Ep 965 

News Alert! Inflation hasn't just started to affect us. People have been suffering greatly from inflation for almost a century, but notably after 1971. During the industrial revolution, prices of products and services were auctioned down to the point that consumers could literally buy them for as little as a penny thanks to a free market and sound money. All of the problems we have today are a result of government meddling.

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

48:32 "He's gonna have to back up the truck, if he can even afford to borrow the money to get the truck" Never change Peter

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Nicole Miller.

You didn't talk about the most important story: Saudi Arabia ending the petrodollar agreement.

Saudi Arabia just ended the petrodollar, why aren’t you talking about this.

They are doing the exact same thing up here in Canada : ignoring inflation to cut interest rates.

Will you publish a podcast on the end of the Petrodollar?

Great information as always Peter, thank you.

Just remember how manipulated the CPI and PPI really are. That’s the most important piece here

Peter, why are we commenting on fake numbers. I bought 2 Mcdonalds Hamburgers today. $4.29. That's freaking 100 percent increase in 4 years.

And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.

Peter, you don't do enough podcasts these days. We need more.

I am very thankful for your podcast Peter! Bought more silver this week through Schiff Gold. I’d would love to hear your mining stock picks ! I was able to talk to your colleague Adrian Day on Tuesday on a zoom call ! What a great guy and a wealth of knowledge. Thank you again for your time and educating me. 🙏🙏🙏

Real estate convention in the middle of the ocean 😂

I really appreciate your analysis Peter. You are the one and only true Contrarian out there and I love it.

If you have the same politicians as we do in France than no wonder they don't know how much REAL inflation is. Here they don't know how much a "baguette" costs if a journalist asks them the question. I have yet to hear a politician saying he knows.

We need a deflationary collapse to lower general prices......

I hear Peter saying exactly the same outcome is just around the corner, for the past decade

Saylor will borrow dollars until the dollar doesn't exist. It's called a reverse Ponzi.

Love the info

Fed doing a pump fake......made ya look. lol :) Great video..keep rockin.

Thanks Mr Schiff. Very informative.

Have fun on the ship!

Thank you very much...

Canada and ECB are cutting rates. Doesn't that cause the dollar to strengthen?

Thank you always getting down to the reality of the finance and the economics Peter, I can always trust you to go in depth with the numbers and also the sentiment. Instead of all the other noise and none sense that so often permeates through the financial news media

😢 Why can't we get back to our regular schedule for the podcast?

Peter the 🐐 of economics

So who the hell is lending Saylor 500 million? That’s what I’d like to know

Thank you Peter! It would be nice to your thoughts about the petro us dollar, since its expiration .

It makes no difference if the fed lowers or raises the interest rates .Government spending will increase the debt and destroy the dollar.

Inflation is going down as long as you leave out surging item like coffee and chocolate not to mention housing and energy prices.

Excellent podcast!!!

Each time a country abandons the dollar, the dollar rocket launches even HIGHER! And commodity prices get even weaker.

grateful

Thank You Peter. Your Fools Gold comments about BTC are so true. This was a great week for Gold, and some stabilization in Silver. I believe we are now living through the early phase of an Austrian crack-up boom.

Excellent Peter thxu 👍

Another informative video!

yeah give us an update on the petrodollar!

Good job Peter!

Quote of the video: "Bitcoin ETFs are like a roach motel."

Gold up $30 yesterday yet miners barely moved hmmmmmmmmm

I’m still waiting for the catastrophic meltdown. Like around 5 years.

Fyi, Paul Krugman teaches the MasterClass on economics… I have a feeling Schiff’s regular listeners won’t be making use of that.

Tlt bond ETF is also going up this week

I've enjoyed your take on the economy for quite awhile,and I firmly believe you could be pinned against anyone in the world and prevail.power on Peter!!!

That’s right. The Fed can base an interest-rate cut on “trajectory” towards 2% inflation; or, on “confidence” that lower inflation is achievable

22:17 "wait cuts" not rate cuts. Your Freudian slip just nicknamed it.

yep

Gold and Silver are still working lower. I am short term bearish.

Peter, I hope you do know that the Masterclass instructor for Economics is Paul Krugman… lol

Thanks, Peter.

NEM , watched it today friday it was as high 41.08 gravitated there than slowly the sellers dumped shares down to 40.62 i jumped on board now it closed at 40.82 👍

TY Peter!

Oil is no longer traded in US dollars as of June 2024. We are in deep trouble soon.

This country is a pure joke

The real cost of borrowing is still close to zero. If this is a "restrictive" policy, as the Fed asserts, what will happen when they lower rates?

My belief is that we are more likely to see deflation in the short term not higher inflation or re-inflation. Not disinflation like the Fed or markets are hoping for either.

I'm hoping that this question will get answered. I use E-trader for buying and selling my stocks. Is E-Trader a Safe company to use where my stocks can not be taken?

First thing I saw after I ate a huge pizza I saw my 😢property tax bill it went up from 7,000 to 8500 !you warned us now it’s hitting the fan inflation is roaring it’s at least 20 % we are close to hyper inflation prices are going up every week now 100$ got me a chicken and a salad wtf Peter was right and his promise is just around the corner 😢😢😊😮

Question, have they changed the criteria to benefit government statistics, we know the answer, how long does it take for the general population to wake up. Unfortunately tooooooo long.

merci pour toute votre effort et commitment😍

If you believe inflation is only 3.4% you haven’t been to the grocery store lately. Yesterday $62 for 5 items.

It's simple. If the stocks don't drop 10% or more... no rate cuts!

Because inflation is not slowing, the Fed cannot base a rate “cut” on trajectory. I don’t see how a cut can occur in 2024 (unless for political purposes)

So when will quantitative easing going to start or 0 interest rates ?

Make no mistake,if he cuts rates now or later inflation will continue inflation never stops rising...

When Peter is in one of his '2.3 rather than 2.4' moods he tends to lose me. 😂

The gold price will depend more on geopolitical risk that US inflation.

They are talking about cutting rates. They are not even close to 2%

Thanks

Excellent episode when you analyze from 30 thousand feet up you are on point.

Peter great podcast. Thanks. 👍

Peter makes me 😂!

Mining stocks are the pain trade in 2024

GROY TMC and AG 🚀🚀🚀🚀

There is also a ton of leverage in the shadow financing system that is not getting measured. Take for example the synthetic risk transfer of loans that banks are doing to ease capital, they are levering up the junior tranches and then investors are levering on that.

Same topics as always: fake government numbers, bitcoin ETF roach motel... and you didn't mention the end of Petrodolar. One of the biggest news since 1971 close of gold window.

The Bitcoin price is based on who purchased it at that time. I could buy $5 worth of Bitcoin for $1 million dollars. I think people buy tiny bits of Bitcoin high and prop it up.

Peter, your logic and explanations make perfect sense. How does the average investor not get this?

Good

Yo entiendo y aprendo mucho mirando tu canal. Gracias por compartir tu gran experiencia y conosimientos.

Why can’t we all just get along

Powell and his rich buddies - They can't wait to start mouse-clicking trillions out of thin air again ...... (ain't democracy grand ?)

RE: Michael Saylor buying all the way down. What came to mind was the debate scene from the Big Short where the guy says that Bear Sterns was a good buy... and a lower price would make it a better buy. 🤣😂😅

Looks like inflation is falling all over the world. I think your hypothesis is quickly falling apart.

What does bank Bail-in mean for me (retirees) like me ?

where is this dollar weakness you keep talking about as DXY now past 106 (yearly high) and BBDXY at 1270? Gold will see 2200 before 2400

Indeed is hiring!?

I was hoping to hear your take on the Trumps plan to substitute income tax with tariffs 😐

Professor Schiff schoolin hodl gang

50 for 1 NVDA

Please keep your information coming your one the few I really trust you are so wise

LOL! Borrow deflationary $'s at zero interest to buy inflationary btc. Genius.

Every time you discuss government numbers, it would really help to make sure everyone knows they are completely fake. That’s why gold won’t move. The mining stocks won’t move. An interest rates won’t move.

I finished reading the Book of Jobs, will soon start reading the Book of Judges.

Just wondering if the increase in the Gold price could have anything to do with the financial crisis in France which has appeared since Macron has called the election???...Bond holders are demanding a higher rate of interest in order to lend to the government because if Marie Le Pen is the president she is committed to public spending that is supposed to not be properly funded... Could this cause a collapse of the Euro ??? ...A world financial crisis can sometimes appear from the most unexpected situations ..🧐

What about the PETRODOLLAR ??