🔴 Fed Tempers Rate Cut Enthusiasm - Ep 938

[@peterschiff]

Actually a lot of people on juries work for the government. So they have no problem taking time off of work for jury duty. That's even worse.

[@Kbelcher101]

Peter - what are your thoughts on the potential wealth tax happening with the Moore vs. USA case? It has ramifications for taxing unrealized gains of property, assets.

[@muddyriverdogz]

@@Kbelcher101 part of that 34 trillion of that debt belongs to everybody so get ready for a lot more new tax's.

[@FreeSpeech4All]

@@Kbelcher101 He actually covered that in depth in a recent podcast. Scroll down the list, it can't be that far back.

[@timothykosnoff6340]

Jury service IS work bru. And you get paid a pittance. And it is a crime to not obey a jury summons. It’s also a civic duty.

[@FreeSpeech4All]

@@timothykosnoff6340 Bwahahahahaha!!! If you think jury service is work, then you've never done any real work in your life. 😄 Which would also explain all your other crybaby "Oh, I'm so offended" comments on this video. Go cry to your Mamma, pansy. 🤣🤣

[@tonysilke]

Given reduced inflation signals and as the Federal Reserve has halted rate hikes, what are the best additions for a $500K portfolio to enhance the overall performance of my portfolio next year

[@Dannyholt33]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

[@PatrickLloyd-]

True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.

[@sattler96]

I need a guide so i can salvage my port-folio and come up with better strategies. How can one reach this advisor?

[@PatrickLloyd-]

'Vivian Carol Gioia' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@sattler96]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@nicolasbenson009]

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

[@Derawhitney]

The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.

[@bernadofelix]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@ScottKindle-bk3hx]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@bernadofelix]

My CFA ’Margaret Johnson Arndt’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Kin-28-8]

Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@ewallt]

Sometimes Peter waxes most eloquent. The part about the government workers being the selfish ones was brilliant.

[@MH-53E]

Socialism 101. All of the money controlled by Government. Argentina is already back from that bad trip. You should see the T-shirt...

[@mattnewman6049]

Yeah that part is wicked good

[@jeffhadley3362]

God bless Peter Schiff

[@ryr635]

Thanks for all the free information Peter! I watch all the time, I bought my first oz of gold the other day when you said to "throw in the towel" and will continue to purchase gold on every dip. I believe you have a very clear picture of the economy than anyone else does!

[@willsupernintendo]

Way too late. Buy when ppl are bearish you missed it

[@ryr635]

​@@willsupernintendo Unfortunately I was going through a time of extreme stress and health issues, but I'm alive and paying attention now!

[@TXLionHeart]

Better late than never. Well done on beginning to save for the future.

[@willsupernintendo]

@@jimscherer8072 i mean yep ok jim

[@carrimycalifor]

Peter, I’m a nobody, but if you were to ever run for any sort of office again, I would be happy to volunteer here in Colorado in any way I can to help that! Thank you for being honest-right or wrong (mostly right)-in a world filled with dishonest politicians instead of honest leaders.

[@divinecomedian2]

Get in touch with the libertarian party there. We gotta start at the local levels and change minds.

[@StoicBarbarian]

One day, a lot of people are going to owe this man a beer.

[@markymarkjapan]

Just like a broken clock. One day we’ll all be dead too.

[@connecticuttreecare-jk2kn]

I agree ignore the woke comment prior to mine 😂😂😂😂😂

[@nicholasstabile445]

@@connecticuttreecare-jk2knwhat’s woke about a factual statement? Lol. A broken clock is right 2x a day. Peter schiff has been wrong for 2 decades. Saying one day he’ll be right at this point is like saying one day we will terraform mars

[@_clownworld]

hes been literally saying the same shit since 2008. its not even meme worthy anymore. its bizzare.

[@peterschiff]

You clearly have not been paying close attention to the things I have been saying over the past two decades. If you had you would realize just how much stuff I got right. You are just looking at forecast for the end result, and not all the stuff I forecast would happen along the way. @@nicholasstabile445

[@gibs6429]

Preach it, brother!! I look forward to hearing what you have to say when you say it! DONT STOP!

[@Jessie-dc8vt]

Peter, you are a 💯 on spending more on groceries and getting less. I found myself buying groceries more frequently because the groceries are not lasting as long. So, i am at the grocery stores weakly instead of biweekly. This is basically where my money goes, witnessing my co-worker doing the same. It's a hot topic at the office, the cost of groceries.

[@connecticuttreecare-jk2kn]

Ditto 😢😢😢

[@_clownworld]

Yep it’s bad out there. Sadly this won’t stop the talking heads talking about how the stock market is doing so well and the usual spin. It’s all BS

[@WeBeatMedicare6969]

This isn’t new and didn’t require Peter Schiff to mention it lol

[@Sastenase1]

This is the most comprehensive and up to date analysis on SYN24R . Well done!

[@timsession6736]

Yeah his conclusion that anyone who invests in SYN24R is probably a homosexual is spot on!

[@Jalleur14325]

Regarding theft: I just found out that everyone last year paid an additional £80 to cover insolvencies of bad energy companies who then were bailed out by the taxpayer and customers of the responsible companies. This year we are all being hit for an additional £100 to cover OTHER CUSTOMERS DEBTS! To me that is pretty much theft. Why should anyone have to pay for another person's debts? People are running up energy bills to £2000 - why arent they cutting back before it gets to that? But anyway to me obviously this society is wildly unfair in terms of wealth inequality - we have people doing crucial work caring for the sick and weak and being paid less than a McDonald's worker, while someone staring at charts of stockmarket in a comfortable office is making hundreds of thousands. We have people like Tim Cooke creaming in trillions for Apple while children are mining materials in Africa, and teenagers are working 7 days a week in concentration camp type conditions. That is also theft - theft of labour, theft of human rights.

[@crouchhill]

I only wished we had someone like Peter here in the UK giving us the Macro picture.

[@MrEKS-st6mc]

Benefit of the doubt ? They deserve to go to jail - it was all caught on security cameras.

[@rcpcash]

retail sales were up because a large number of people used buy now pay later... Many people who use it are already strapped and the interest goes to like 30% if they miss a payment! Just more can kicking...

[@velayuthman]

Election years are positive for the stock markets about 90% of the time. And barring black swan events, it’s higher than that. Looking to invest all my money in the market when my CDs mature (around $1 Million). What are your thoughts on that?

[@Curbalnk]

Thanks to Powell for the genuine rally. It's based on real economics, not just speculation about rate changes. Considering your budget, I'd recommend financial advisory to avoid any significant erosion due to a wrong move.

[@kashkat987]

@colleen.odegaard If you're willing to share, how can one get in touch with this Financial planner? My portfolio hasn't performed well this year, and I'm seeking guidance

[@irishscott1]

Good for you blowhard.

[@WInnerwinnerchickendinner.]

Peter predicts indices are going to explode for years and here we are at all time highs.If you followed him the indices didn't explode your account did thanx to Peter Schiff.

[@WhySilverWhyNow]

The one thing you cannot deny about Peter is that he is a true believer (aka gold bug).

[@markymarkjapan]

He’s always wrong

[@WhySilverWhyNow]

@@markymarkjapan wrong about being a gold bug?

[@JA-zh5xi]

Fed funds should never be lower than 5% for any reason. Most of the time it should be closer to 10%. There needs to be a proper cost of money.

[@rudy8409]

Interest rates in an ideal world should not even be centrally dictated. The economy would be a lot more stable if the market was able to discover the appropriate rate by itself. Because central planners, in their “infinite wisdom and knowledge”, think they can control the economy more efficiently than the free market is why we have massive booms and busts.

[@koreanyoon]

We cannot expect people to even WANT to save unless the interest rate is minimally enticing!!!

[@polarroller]

You always wear awesome shirts Peter.

[@tomsawyer4857]

Peter was always right except on his timings. I wish I bought over valued stocks packing 2014 when I started listening to the podcast😢

[@william78583]

There were 2 of the 19 fomc members who did not write down rate cuts, apparently John Williams was one of the two.

[@yourworldexplorer1]

If nothing good happens in gold next year Peter then gold is officially dead.

[@Jalleur14325]

Apparently gold has 8 year cycles generally and it's due next year. BUT I heard one analyst saying he thought the low has come a year early and that it may well break out to 2400 by the end of the year.

[@chioma3100]

Peter, I sat on a jury as a teacher. I saw people say and act crazy to get out of serving and they got out of their duty.

[@christophernaggs4018]

I saw the Same in ohio

[@Ziegfried82]

Jury duty sucks. I was rational, dutiful, and the lawyer vetoed me. After that I was sent home, never actually serving on a jury. They don't want people who know the US Constitution, they don't want patriots. They want idiots on those juries...at least in the state of Minnesota.

[@mkw2555]

Thank you Peter

[@mikeallen7566]

I thought the tale of Robin Hood was that he took back from the state what it had taken from the people with excessive taxation.

[@petas874]

Exactly, more people need to realise this!

[@FranNey-m1n]

I enjoy your show.. I wish you would talk about silver once in awhile

[@pullmanstandard81203]

Thank You, Peter for your report. Good stuff. As usual.

[@rayoh2011]

❤the podcast, thank you very much, Peter

[@Jas-Norway]

Thanks for your great insight and wisdom as always sir! I also do have a question If Argentine dollarizes due to inflation in their peso. What happens to a country who has dollarized if USA is running huge deficits and creates a lot of inflation by printing money themselves?

[@nicholaseff8511]

Let's face it, jawboning is the only monetary policy tool the FED has left. Its a pathetic 🤡 show, but they are laughing all the way to the bank 🤣

[@Minneolaos]

Yes stock market rises. I'm invested in Thor Explorations and believe it to graduate to Toronto main list.

[@jayesh_edit972]

I really appreciated this video, as a medium-term SYN24R holder. I know you commented on not many people paying attention to this, but it was very relevant for holders such as myself. After watching your thoughts, I willbuy more. I also remember your earlier assessment. This will crush the market.

[@bruncibanci]

scam

[@harvyholmes9972]

Scam / Hack.

[@christophernaggs4018]

Bots are wild here

[@Jalleur14325]

Yes personally I think Peter should hire someone to run his social media.

[@Jrome3]

Merry Christmas/ Happy holidays to all. 🥳

[@hornet224]

The tail does not wag the dog. Congressional spending is out of control. Everything trickles down from there.

[@Gunni1972]

Rudi Giuliani is worth 184 Millions? Nice Paycheck for an Official.

[@slava2329]

Another solid analysis. Thank you!

[@Conky769]

Peter- your Nick Mcenzie interview went prime time- but when I look up Nick Mcenzie and 60 minutes I see no apology from them. I can't believe they're not even big enough to say sorry.

[@brucehoffman4010]

Right on Peter yes your law system is really a joke back I 70 or 80 never herd this shit in them days

[@utkbyuca89]

My wallet will CONFIRM that inflation is Higher than 3%.

[@FreeSpeech4All]

Reagan gave up because they shot him. That's what caused Kennedy to give up too. 🤷‍♂️

[@WeBeatMedicare6969]

You’re slow aren’t you? Lol

[@FreeSpeech4All]

@@WeBeatMedicare6969 You're projecting, aren't you? 🤣

[@alesnecas7410]

Peter, thank you for your comments about libertarianism.

[@elvinsimon5008]

excellent content Peter. thanks

[@julianvijarro22]

Doesn't Milei want to re dollarize Argentina?

[@Ziegfried82]

Milei is a moron. The idea of going on the US dollar is the dumbest thing he could possibly do. Libertarian my ass.

[@nicholaseff8511]

Do you believe it was a comment by a FED official that moved the gold price? I doubt it, IMO he was there to provide cover for the PPT. He probably got his assignment a few days ago. The bankers will never let gold or silver trade freely again - if they can help it.

[@FranNey-m1n]

I think I’m going to drain my pool and make it into a bunker like Zuckerberg

[@admovladi8938]

Love the SYN24R content. I think this project is just as essential as HBAR and they both will be great movers

[@polarroller]

I love HBAR too and have a good bag of it......finger's crossed.

[@bruncibanci]

scam

[@ChuckFinley-o8x]

Thank you for your perspective. I can see why I feel anger. When watching someone buy a cart full of junk food on EBT. Taking money from someone to give to someone else for no return is stealing I like that.

[@damianmousley2098]

Good points made about the IRA. This is in itself inflationary….and sadly won’t deliver the supposed benefits being touted.

[@PrestonSprattCPA]

Thanks for the podcast

[@Nibir__shorts]

Finally thanks for the update! I'm trying to hold a million dollars worth of SYN24R . Oddly enough it's a sleeper for some weird reason that not many KZbinrs talk about in regards to lnvesting. It has had steady growth since its release.

[@bruncibanci]

scam

[@johnh5896]

Thanks for the show Peter enjoy your weekend and family.Lauren has a great song on Spotify love it .

[@darindigilormo4166]

That's why Australia media did it because they new the repercussions would not be that bad

[@miri9600]

Seeing Milei to hug Zelenski is enough to say he is subservient to US.

[@chrislastnam6822]

If inflation is continuing , should people buy houses and cars now instead of waiting, hoping prices will come down?

[@scottmellor4514]

Either pile in together on a rental, sharing the rent or share ownership with someone else. If there is someone you trust. Trust will work both ways. They need to trust you and you trust them. Broken trust is a sore that keeps festering, and spreads.

[@chrislastnam6822]

You're missing the issue. The issue is whether prices of houses are going up or down.If they're going down then I'll wait to buy one.

[@Jalleur14325]

Ultimately I think we will see prices dropping slightly because inflation is mostly in food and energy and commodities. QE is likely to continue and may prop up a part of the housing market but a lot of people don't access that type of wealth which is generated (e.g via the stock market/bond market), so just rely on their earnings and a dollop from the bank of mum and dad to buy a house.

[@webcomber]

Peter's winning smile is the smile of a man who knew Bitcoin was a scam over 12 years ago! Peter was right again!

[@sterlingcampbell2116]

Bitcoin has been the best investment in the history of our species. What are you talking about? It's an excellent store of value

[@davewilson7062]

Those clowns at CNBC had a segment about COSTCO selling 100 million in gold bars. They acted like people where buying 1000oz gold bars and talked about how they didn’t know how people were going to get them. They have no idea what they are talking about. I bought 2 1oz bars today.

[@Gabber44906]

Food retail sales comment makes total sense. I am living proof

[@Jonnys00007]

Peter had some rum and eggnog tnt ! I love it !!!

[@connecticuttreecare-jk2kn]

Thanks, Peter from Deep Blue woke CT 😡🤬🤮

[@IngSoc274]

Peter would you rather have an ounce of gold or one Bitcoin? Bitcoin appears to be a better store of value than gold.

[@winnieandabbyschannel6857]

How good is the pre chat ! Shits and giggles.

[@MH-53E]

We have to resolve these problems instead of just talk about them. It's nice to see more people waking up though.

[@divinecomedian2]

Yes, this is the first step

[@Dan-z6b3d]

What was the race of the jury

[@joewaynecpa]

Peter, Can you explain in some detail the reasons why the US stock market is over priced? It just keeps going higher and higher.

[@ronaldvanderburgh8986]

Professor of John Hopkins University Steve Hanke calculated, using the Quantative Theorie of the Moneysupply, that by the end of 2024 the inflation level is below 2 percent. Do you have any insight as to how that is being calculated? Funny sidenote: he would grade Chair Powel all F-s if Powel was a student there. So you defenitly agree with eachother on that subject. Thanks again so much for these Podcasts

[@damianmousley2098]

Saw that . Steve Hanke is a hoot. “Flying the plane without altimeter “. Hanke is a legend To round things out - also check out the interview with Felix Zulauf. That one was great too.

[@philhubb5885]

Why should the Fed cut at all? Inflation is well north of the target rate, the economy is strong (according to the BLS) Why should the Fed cut rates? Don't they trust the BLS?

[@Jalleur14325]

Yes as Peter says it's a smokescreen. They know the economy isn't strong so the only trick they have is QE and rates.

[@ultramagalatino]

It's a rigged game and we have no clue when they will pull the plug

[@christophernaggs4018]

Like argentine

[@Abraham.Lincoln22]

Hello Peter. 👋

[@choosiewhoo1700]

Mr John Williams wants to hike interest rate to destroy the banks as happened during March, 2023. Get our money out from the banks now and put it into gold, please. Thanks. 😥😥😥😥😥😥

[@Jrome3]

Peter for Fed Chair 2024 😁

[@alesnecas7410]

You should check the Dallas Fed manufacturing. It is at -19.9.

[@sheevamatimbas4300]

Let's see if this Melei walks the walk, so far it's just talks the talk. I just have distrust in all politicians, I'm happily willing to be proved wrong

[@yawzerdoink-a-sore-as]

I think they call it, “taper expectations”

[@luxuryearth108]

Can't deny the fact that Amazons SYN24R is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.

[@timsession6736]

Tired of missing out on the geneder fluid trend? SYN24R makes me want to be a women by day and man at night! I've never been more sexually confused, which is exactly what I wanted! Thanks SYN24R!

[@bruncibanci]

scam

[@555frontier]

Scam

[@harvyholmes9972]

Algorithm scam , 😮😮😮

[@johnwilkins9936]

Is this rate cutting language resulting from worries about the bond market?

[@animalblack8482]

Very good Peter thxu 👍

[@Ziegfried82]

Peter you may want to clean up the comment section, there's a lot of garbage trashcoin promoters on your comment section.

[@rphb5870]

I agree with Schiff that the US legal system is out of wacke. The problem is the the whole common law system and the jury of your peers. Civil law systems are much superior as it don't have arbitrary emotionally persuaded juries, but instead follows a codex. It is the judge job to determine the Truth, he is the one asking the questions, lawyers just present them.

[@koreanyoon]

We do NOT need the Fed to lower interest rates! WE need the interest rate to go to at least 14 percent!!!

[@sterlingcampbell2116]

No, we just need to stop printing money and distributing it unfairly

[@eoin7704]

Daaaaamn Peter.....Laying down the truth!!!!!

[@metaljam7197]

Powell said nothing about cutting rates, he just answered the million questions about it from the media. Powell said "Pause, and wait to see what the data does" same thing he has said for the last few months. The financial media tried to get him commit to a time frame on a rate cut, which he did not do. Frustrated, the financial media then went to the Dot Plot; which they ignore when it does not support what they want, but make it the bible when Powell won't say what they want. The financial media mis-reported and cherry picked Powells comments to fit their narrative, that is all that happened. Nothing changed, none of the data changed, it's wait and see. The markets? they are completely irrational, hyped, and overpriced. There is no avoiding a recession, no growth coming, nothing to support current valuations, it all 100% gambling and speculation. We all know how this ends, patience is the only virtue needed here...

[@greggreg1341]

Is 2024 another end of the world?

[@SneakerGame-tp8gv]

Those women got death threats. 🤮

[@maxlewin7807]

Talk about my state Georgia, we have tax surplus and brian Kemp keeps giving the money back to us!

[@Jackson_George]

He's so happy about the Recession coming in, like he's super excited to be witnessing it.

[@Minneolaos]

At The same Time The end of The American Empire and Capitalism (Liberalism).

[@akesha4138]

There is a whole lot of controversy about whether inflation is going up or down and what the future brings. Demand everywhere is falling and so any corporation that tries to squeeze in price hikes now will most likely lose market share later on. Gas is down to $2.50 per gallon where I live here in Missouri. For more than a decade now the stock market hits new highs along with the National Debt. March 2024 is the month to watch.

[@paulbunyan9436]

They got Guiliani for laying in bed on his back in a hotel room wearing a $2000 Armani suit...

[@FreeSpeech4All]

Oof!! That is a crime! You'll never get those wrinkles back out of an Armani! 😄

[@danhendricks1616]

New York City ran better under Rudy, then the other recent Bozos.

[@ShaniaSuperFan]

I'm offended.

[@worldlife9834]

The US national debt also continues to reach new record highs as illegal migrants come into the country. Wealthy Americans are leaving in record numbers

[@KarateKevin]

Love ya Pete! Here's your comment

[@tjahjadialdo3012]

Peter, Poor people needs decent job.

[@CRAZY_NIRAJ_BANE_45]

On SYN24R Go long when the sell pressure reduce. As short on the opposite.

[@Patriciacraig599]

Did you guys catch the news about the Federal Reserve tempering the enthusiasm around potential rate cuts?

[@BenjaminMcLeod815]

Yeah, I saw that. It seems like the initial excitement about lower interest rates might not be as straightforward as we thought. I wonder what their reasoning is for pulling back a bit.

[@Damncars456]

I think the Fed is trying to strike a balance. On one hand, they want to support economic recovery, but on the other, they're cautious about the potential for inflation. It's a tricky situation, and they're signaling that they might not be as aggressive with rate cuts as some had hoped.

[@Tsunaniis-j5l]

That makes sense, especially with the current economic uncertainties. But you know, with all these fluctuations, it's times like these that I'm grateful for having a financial advisor.

[@Alejandracamacho357]

Absolutely. Having a financial advisor during periods of uncertainty can provide a sense of stability and guidance. They can help navigate these complex economic situations and tailor strategies to individual financial goals.

[@Patriciacraig599]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@stlouisix3]

Keep up thy economic reporting, Captain Peter Schiff.🛳🛳🛳🚢🚢🚢

[@user-friendlyhuman]

Seems the Jury Pool does not offer a representative sample of the overall population, which is problematic! 54:15

[@moneymatters983]

Gold was 1985.00 the day before JPow made his speech

[@jquint57]

Fed playing Santa to further stimulate the animal spirits and increase consumption and capital gain taxes for Yellin. Squeezing the last bit of juice out of the lemon.

[@cherylh.9738]

"Dark ages manufacturing "😂😂😂😂😂😂