🔴 Risk-On, Economic Understanding Off - Ep 870

  Рет қаралды 68,228

Peter Schiff

Peter Schiff

Күн бұрын

· Short covering fuels tech rally.
· Good news on the economy is bad news for the market.
· Fewer people have full-time jobs today than 10 months ago.
· The media is racist.
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Пікірлер: 414
@peterschiff
@peterschiff Жыл бұрын
💬 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 schiffradio.com/premium/ to become a member.
@stlouisix3
@stlouisix3 Жыл бұрын
Keep it up, Peter👏
@timgibson3754
@timgibson3754 Жыл бұрын
No can do Pete. I'm contributing to no one this year. I'm for me myself & I
@briangranger1741
@briangranger1741 Жыл бұрын
keep up the good work Peter 🙂
@rogerburn5132
@rogerburn5132 Жыл бұрын
Peter always BIG THANKS FOR the Brilliant information And Your Hard Work Your Podcast is Much appreciated. Even With the ads. 👍👍👍👍👍👍👍
@Aboard_and_Abroad
@Aboard_and_Abroad Жыл бұрын
Peter is so good I listen through the ads.
@Dreekwalton
@Dreekwalton Жыл бұрын
The secret to making a lot of money is not in buying big moving stocks. It involves managing risk in relation to reward. selecting the proper size and rotating your edge as often as required to reach your objective. That is accurate for both long-term investments and day trading.
@st.morits
@st.morits Жыл бұрын
Could you tell me which stocks are good? I've been thinking about a few, but I also want to get other people's opinions.
@msarah6028
@msarah6028 Жыл бұрын
@@st.morits What you really need, in my opinion, is a financial advisor who can help you purchase and sell any stock at any time while always putting you in the black.
@msarah6028
@msarah6028 Жыл бұрын
Julie Anne Hoover, That's whom i work with
@joesphcu8975
@joesphcu8975 Жыл бұрын
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
@alexyoung3126
@alexyoung3126 Жыл бұрын
First step is discovering loopholes to generate gains during volatility, It is very possible to retire big time from the current market condition without having to hold stocks long term.
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@kimyoung8414
@kimyoung8414 Жыл бұрын
Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
It’s a She actually, Eileen Ruth Sparks I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
@kimyoung8414
@kimyoung8414 Жыл бұрын
Thanks for the contributions, I just skimmed through Eileen’s Ruth webpage, interesting stuff, wrote her an email.
@sheephillkennel8602
@sheephillkennel8602 Жыл бұрын
even if I didn't care about economics/finance, I would still enjoy listening to this show - to hear someone speaking a consistent logical analysis of a defined data set.
@drudini5812
@drudini5812 Жыл бұрын
Its very rare nowadays isn't it lol
@goldismoney5899
@goldismoney5899 Жыл бұрын
I agree with you. I usually zone out when Schiff talks data. I realized years ago that it makes no difference what the data is. Gold goes down markets go up...until we have an honest market and economy the data is meaningless.
@duanejackson6718
@duanejackson6718 Жыл бұрын
Peter is always right, he's just early.
@PassportBrosBusinessClass
@PassportBrosBusinessClass Жыл бұрын
How would a government $31,000,000,000,000 + in debt understand the economy?
@pukebucket5360
@pukebucket5360 Жыл бұрын
Yeah, I want one of those credit cards.
@ronaldwest2264
@ronaldwest2264 Жыл бұрын
@@pukebucket5360 Me too!
@James-il3tq
@James-il3tq Жыл бұрын
They wouldn't go that far in debt with out voters support. Ultimately the people support this deficit ponzi FIAT deficit spending. History repeats.
@cliffsauer9111
@cliffsauer9111 Жыл бұрын
Actually they are the experts. Who else could go into that much debt and convince people everything is okay.
@justacinnamonbun8658
@justacinnamonbun8658 Жыл бұрын
They understand it, they just don't care. The people in Congress right now making $175k a year to pretend to read bills and vote on them, and go on vacation every other month, they say to themselves, "Who cares how much money we borrow or print, by the time this becomes a really big problem, I won't be here!" That's the corrupt mentality.
@joeygarcia8295
@joeygarcia8295 Жыл бұрын
Good to hear Peter talk on Social issues from time to time.
@saltymemesmith
@saltymemesmith Жыл бұрын
In Gold we trust
@borisdavidovich3742
@borisdavidovich3742 Жыл бұрын
Always faithful to GOLD !
@apexinvest
@apexinvest Жыл бұрын
Lol
@Michael-qy1jz
@Michael-qy1jz Жыл бұрын
Best insurance in the world ,but it's not an investment
@scottlee8472
@scottlee8472 Жыл бұрын
Amen! God bless you
@duanejackson6718
@duanejackson6718 Жыл бұрын
@@Michael-qy1jz I agree.
@ludwigvan8600
@ludwigvan8600 Жыл бұрын
"The word racism is like ketchup. It can be put on practically anything - and demanding evidence makes you a racist." Thomas Sowell
@5FmUke
@5FmUke Жыл бұрын
Thank you Sir Peter The Wise 👑🏆
@SSNESS
@SSNESS Жыл бұрын
I stop working a decade ago, but I’m not enjoying my life anymore due to health issues
@son-of-the-republic3723
@son-of-the-republic3723 Жыл бұрын
Peter is my new news source
@DBEdwards
@DBEdwards Жыл бұрын
No one compares to Peter.
@nxlevelsicc
@nxlevelsicc Жыл бұрын
You always tell it like it is Peter. God bless you sir!
@SSNESS
@SSNESS Жыл бұрын
Working is for the suckers
@UltimateBargains
@UltimateBargains Жыл бұрын
There is no such thing as a THOUGHT or HATE CRIME! You cannot punish people for what they think, only for their violation of informed consent; motive is irrelevant. Free Speech means that NOBODY has the Right NOT to be offended. By the way, just because you are offended, that doesn't mean you are correct.
@feboogi
@feboogi Жыл бұрын
Thanks Peter
@johnsanchez4842
@johnsanchez4842 Жыл бұрын
Protect this man at all cost
@williamfox1146
@williamfox1146 Жыл бұрын
When gold drops I buy the dip - it is just a matter of time before gold doubles in value.
@James-il3tq
@James-il3tq Жыл бұрын
Gold value doesn't change. If the price doubles measured in USD only means USD value has dropped in half (historically speaking).
@d1psfx880
@d1psfx880 Жыл бұрын
Golds hitting 1616.
@randybest9187
@randybest9187 Жыл бұрын
I agree with you 100%.
@jeffdeal3630
@jeffdeal3630 Жыл бұрын
Very good points peter. Glad someone has balls enough to say these things
@greatstuffs
@greatstuffs Жыл бұрын
Peter your so rad bro. Loved that stuff about the cops and criminals and shootings
@VERITASPUREBLOOD
@VERITASPUREBLOOD Жыл бұрын
Peter's Schiff is right, he's been right
@coindreal
@coindreal Жыл бұрын
@coindreal
@coindreal Жыл бұрын
@tobiasmeylan
@dailamipuang5843
@dailamipuang5843 Жыл бұрын
I engage in different kinds of prolific investments such as launchpad IDOs, Crypto, Stock & NFTs through Tobias Meylan, proper planning and management of a widely known investment professional like him; I've acquired 13k$ as a return so far working with him.
@jhanpolexelpram
@jhanpolexelpram Жыл бұрын
He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.
@uwejung
@uwejung Жыл бұрын
Having a coach is key to portfolio diversification, My advisor is “Tobias Meylan Crypto Program" You can easily look him up, he has years of financial market experience
@KyleWhiteandfriends
@KyleWhiteandfriends Жыл бұрын
Peter Schiff for brains 🧠
@Trajan114
@Trajan114 Жыл бұрын
42:11 Hahaha! Peters got comedic gold!
@bbustin1747
@bbustin1747 Жыл бұрын
Al Sharpton has a full schedule now
@rogerburn5132
@rogerburn5132 Жыл бұрын
As. Always Brilliant information From Peter BIG THANKS PETER 👍👍👍👍👍
@maximumliberty
@maximumliberty Жыл бұрын
Peter I think it's in the best interest of the podcast to get it to KZbin same day. 24 hrs is an eternity in an age where info is moving at the speed of sound. It's not just about the 5 bucks. I don't know what locals is I'm scared of things I don't know. People are comfortable with youtube. All ur doing is releasing dated podcasts now.
@rogerburn5132
@rogerburn5132 Жыл бұрын
Silver is The Most undervalued asset. I buy phisical Silver as Much as I can 🥈🥈🥈🥈
@DBEdwards
@DBEdwards Жыл бұрын
Absolute
@bradagee253
@bradagee253 Жыл бұрын
You are the best Peter! Bold statements even tho it’s nothing but the truth. The truth Is now offensive (to most)
@_Feed_Me
@_Feed_Me Жыл бұрын
My “insurance policy” via Gold Stocks (Peter’s Fund, GDX, GDXJ) is getting quite substantial, and adding considerably monthly.
@helterskelter156
@helterskelter156 Жыл бұрын
Another banger of an episode!
@homephone2134
@homephone2134 Жыл бұрын
@PeterSchiff. one of the best shows and the intro music too. gets me all time
@lordstoofaka
@lordstoofaka Жыл бұрын
I love the story about the dude running away with no legs FFS I DIED HAHAHA
@cniht
@cniht Жыл бұрын
Great pod-cast. That said I do have one thing I'd offer as a contrarian: The markets understand inflation just fine, and the feds role in it. The people talking about wanting the fed to drop rates and return to an outrageous inflation rate are people who think they are wealthy enough to exploit that inflation through control of assets to make themselves wealthier and everyone else less wealthy. Or they have a vested interest, such as their careers, to keep the market high, regardless of what everyone else is doing in the public market. Short-sighted, yes. Wrong-headed, probably. But don't underestimate these people's intentions or their 'lack of understanding' in what they are asking for.
@sblijheid
@sblijheid Жыл бұрын
Perhaps. Institutional investors definitely know the effects, but there is a lot of stimulus money in the market and we know how those small amounts stay in the game; through extreme leverage. Higher interest rates kills that bubble. From the meme stock issue, we know that there are a lot of amateur investors out there who can sway the market if they all believe the same thing. Yes, institutions have a vested interest in people having lots of margin available, but that perpetuates the boom-bust cycle and potentially makes it more extreme every cycle.
@TheCowfart1
@TheCowfart1 Жыл бұрын
I have a deep respect for Peter Schiff as I did for his father Irwin. I have to say that because I often comment on things that Peter has said, that never happened. The heroin for this market has been taken away, big time. We've had massive rate hikes and the Fed is now engaged in QT, quantitative tightening. According to Peter, the economy should have had major convulsions 4 rate hikes ago. We should have already been into the next QE phase, but we're not. Gold should have been going up 40 or 50 dollars a day by now. And look at silver. It's dying. We should be years into The Real Crash by now. What's going on? Why is your timing so far off? And look at the action in the bond market. The 10 year is not behaving like a bubble that has burst. Peter, you are a great economist, as was your father. You are a true believer in the free market. Only Dr. Milton Friedman comes close. Things are just not panning out the way you said they would. You were right about the collapse of Bitcoin, but it continues to survive. What's up??
@erichbenner8338
@erichbenner8338 Жыл бұрын
Thank you for making me realize how the facts are misreported for the sensational story that is the lead. I hope that you have an enjoyable day despite the world on which we live.
@vichetkim5533
@vichetkim5533 Жыл бұрын
It would be interesting to have Kitco do an interview of Mr. Schiff and Michael Burry on the topic of Risk-Off on going Short.
@petermoore5000
@petermoore5000 Жыл бұрын
This was great...thank you...
@Themindofthescientist
@Themindofthescientist Жыл бұрын
It dooes work! This is amazing
@kinan6746
@kinan6746 Жыл бұрын
Love the work and message. Thank you.
@dannybennett6594
@dannybennett6594 Жыл бұрын
They are lying about the job numbers.
@UncleKameha49
@UncleKameha49 Жыл бұрын
Based Peter spittin the hard truths.
@V-Lo78
@V-Lo78 Жыл бұрын
Sometimes I wonder if bitcoin was created as a pure diversion tactic for people who would otherwise buy gold.
@danram1489
@danram1489 Жыл бұрын
Spot on couldn’t be more accurate call on police , media , racism and political leaders use of all of it
@keithwatson1210
@keithwatson1210 Жыл бұрын
Peter - when Volcker said the FFR needs to be 2% ABOVE the inflation rate to contain it, do you agree? Note: if we calculated inflation like we did back then- it would be MUCH higher now. That would put a FFR @ 4% to maintain 2% inflation - as you suggested (if it could ever get back down).
@georgejamesducas9602
@georgejamesducas9602 Жыл бұрын
In 60 AD Apostle Saint Andrew traveled to the area of Kiev, preached, and said, one day a great city would be built here with many churches to the glory of God. Today there is a church to Saint Andrew in Kiev. The peoples in the area were Slavic. Kyi, Shchek and Khoryv, three brothers and the sister Lybid founded Kiev in 482 AD, Kiev was named after the older brother Kyi. Kiev the older brother was King. Herodotus wrote that Hercules had founded this land. The Rus were Viking tribes that settled peacefully in Kiev as far back as 750 AD with the Slavs there, 400 years before Moskva existed. The name Russia, coming from the city Moskva, has no connection to the RUS. Russia coming from Moskva started with Batu Kahn much later as a vasal under Mongolian rule. All the early Czars were Mongolian and of no connection to the RUS. The Rus were with the Slavs to the south in Kiev. Moskva were Finnish Urgic Tribes; Mosk means cow and Va water, which are Finnish names. There was no RUS there. The ethnic background of Moskva is Finnish-Urgic and Mongolian. The Rus developed the religion, city Kiev, alphabet, churches, and had its saints. The founder of Kievian Rus (800) or the Rus was a Viking named Askold or Oskold (Norse) from Sweden; not Oleg as in the Russian story. Kievian Rus exists long Before Novgorod and Oleg’s arrival there. Askold is the Slavic name. Oskold, the first King of Kievian Rus was in Kiev before Oleg in Novgorod. Oskold had 200 ships and 20,000 warriors. Oskold was baptized in Constantinople (128 years before Volodymyr) and sent the first bishop back to Kiev. Oskold and Dir were the first Dynasty of Kievian Rus. Askold rules from the 40-60s and Dir to the 80s. Askold is buried in Kiev and the first Kievian Christian King & Dynasty. Oleg followed coming from Sweden through Novgorod and was a pagan. Russia as named today started in the city of Moskva over 400 years later after Kievian Rus or Rus. From Kiev, the capitol of Rus, Kievian culture was spread, much like the Greeks Hellenized the known world, or like the British anglicized the world by the English language. This process does not make Moskva to become RUS in as much as Persian are not Greek. How we are misled by a name; Russia. The capitol of the RUS has always been Kiev. There is no other RUS and no RUS in Moskva. Many say Ukraine began recently; but the culture of the RUS is Kievian RUS, both culture and ethnic background. Ukraine is a name given by Poland meaning outer lands. The land of the RUS before the Mongolian invasion was very large. The name RUS is a Norse name which means men that row; there are no men that row in Moskva. So Moskva adopted the name Russia while being a Mongolian vassal, essentially traitor to the RUS; and all the Czars were Mongolian-Finnish. The Culture of the Mongolian was centralized power, and that cultural imprint was passed on to present day Russia. Ukraine’s real name should be Kievian RUS, or Kievskarus! Russia began in Moskva by Batu Kahn and Novgorod conquered much later, still no connection to the Rus. Putin & Lavrov should be ashamed of themselves, the USSR was an occupation; it never had the status of a sovereign state and due process of law that would be associated with a free society. Even today the mentality of the gulag exists. There is no freedom of press and speech, people are arrested for speech, there is no due process of law, and the religion is state run making it a totalitarian theocracy. As such, it did not deserve to exist in a free world; and history has shown such totalitarian organizations fail over time and author in many gulags. The true culture of Russia is Finno-Ugric and Mongolian, having nothing to do with the RUS (Kievian), expect borrowed as in the sense of Hellenized or Anglicized "forms" as a comparative reference. The centralized form of Russian politics is a very Mongolian imprint on culture. The actions of Putin seem to be another Mongolian invasion of Kiev; here I suggest as to the correct metaphor. I believe so. Putin & Lavrov insistence to have purview over eastern Europe also seems like paying tribute to the Mongolian Horde. Moskva started as an agglomeration of Finnish tribes, combining a Finnish name meaning cows water and developed by Mongolian culture. Mosk means cow and Va means water. The RUS are men that row, Vikings, Norse, established Kiev 400 years before (750 AD) Moskva even thought to exist. The name Russia for current nation is totally inappropriate. The current Russia started in Moskva; how misleading is the name Russia coming from Moskva that has no connection to the RUS. All the lands should be returned to Kiev; the West of Russia to Finland, and the East to Mongolia. Russia’s place on the globe appears as a temporary aberration in my view. To use threats of Nukes publicly strikes at the heart as adolescent behaviour; surely any nation or person that issues such threats and being an ally to such while not even having war imposed on them is not fit to rule. This would include allies of Russia. Oh yes, I remember, Russia didn't invent the bomb, they stole it in the 1940's and gave it to Kurchatov. Russia struggles with an identity crisis since its beginnings unoriginal to the ethnic groups. Its errors are numerous, 50 million killed by Stalin in WW2, allied to the Nazis to kill the Poles for their defeat in WW2, Holodomor where millions of Ukrainians were killed and grain stolen, and constant antagonist with Europe. We even have the Holy Mother announcing Russia’s errors at Fatima. Russia is a Mongolian culture and all the first Czars were Mongolian and Batu Kahn is the author. Oskold was the grandson of Ragnar the king of Sweden, his name is old Norse and spoke old Norse, the name Rus is old Norse, he settled peacefully in Kiev and the Slavs made him king, he brought Christianity to Kiev with his son dir...his burial mound is where St Nicholas church is built, Oleg wasn’t even in Novgorod when this happened, and Oleg is not a Rus nor old Norse name. The Slavs called Oskold the name Askold. After came Dir, Oleg was a pagan who assassinated Dir, Oskold becomes the first dynasty...later when the line of kings get to Vladimir, he is captured at a trading post by the Mongols, the post is called Moskva, and the king killed. Moskva as a city was a Mongolian invention, and Novgorod becomes a part of that Russia by conquest, although having nothing to do with the Rus. Oskold line is Ragnar, ironside, Oskold from the King of Sweden Ragnar. Oleg is via Rurik coming much later. The accounts of Oskold are within the time, Al Mamun an Arab writer of the time wrote of Oskold, the Russian chronicles come hundreds of years later. In much the same way accounts of relevant history are better understood by those of the times, much like the Bible, dating to the original times makes the account authentic. The Russian chronicles are merely a tale and inaccurate. Kiev was a city over 1000 years before Russia even existed. Kiev was Kievian Rus before Novgorod and when Oleg arrived. Putin is kidding himself if he thinks any part of Ukraine belongs to Russia. We can see that Israel belongs to the Jews, similarly all the lands around Kiev of Kievian Rus belong to Kiev as a single nation and city state. Russia's beginnings are a wanting child begun as a captive insurgency having nothing of its own; a captive state that was reeking in servitude to Mongolia and invented by Mongolia. The entire culture of Russia from Moscow is Mongolian centralized power, a pagan culture of no empathy and Christianity. The Christianity is tainted as a state religion or theocracy and politicized. History is often obscured by being written by the ones in charge. The history of Ukraine has been obscured by the Soviet Occupation and cultural appropriations. Moscow in an attempt to appropriate a history not its own, rewrote the narrative of history to cover up its compromised origins; Kiev and Ukraine is a history much older and more civilized; making contributions to civilization. Russian despotism becomes the blueprint, foundation & model for every despot nation, look at its allies; the error of its ways has spread throughout the globe; much like the message from the Holy Mother at Fatima. Those that are sympathetic to Russian atrocities can find similarities in their own histories. Ukraine has a democracy at a local level Moscow never had and fears. Russian boundless ignorance is a type often found in the poorest of nations, and usually the poorest have a history of the hardest tyrants over them that also inflict poverty, physical and spiritual, on others they attempt to subjugate, a reflection of their own lives, an abomination of desolation. Askold was in Constantinople in 860 and Oleg arrived in Novgorod not until 862. The Arabs referred to Askold as the Slavic King or King of the Slavs which he had been for a while. Pontius says Askold brings Christianity to Kiev from Constantinople and a bishop. Ragnar the Norse King of Sweden was born in 767 AD, his son Bjorn ironside was born in 796 AD, and grandson Oskold (Askold) was born in 820 AD. Askold arrived in Kiev in 840 and had a son Dir, Both become King and the first Christian dynasty. Askold dies and gets a burial mound in a park in Kiev. Dir follows as King. Dir is assassinated by Oleg who is a pagan. Nobody knows who Rurik is or who the father is . Oleg is a generation away from Askold. Olga of Kiev builds a church on Askold’ s burial grounds. Pontius of Constantinople says Askold brings a Bishop and Christianity to Kiev. Russia much later is a Mongolian invention....Ukraine was called so since kievian rus..Peter the great changed the name of muskovy to Russia in 1871 and forced the peasants who spoke ugric to speak old Slavic from Ukraine and call it Russian. At that time kiev had been for 1000 years. Russia is not older than the USa.
@Al-yf7tm
@Al-yf7tm Жыл бұрын
I think Jerome Powell tunes in to the Peter Schiff show to make sense of his own speeches.
@sblijheid
@sblijheid Жыл бұрын
I doubt it. I can't stomach listening to powell. He insults my intelligence. He assumes everyone listening to him is a clueless monkey.
@floyddaye9068
@floyddaye9068 Жыл бұрын
With all due respect, sir, I listen to this podcast for financial news, not political commentary
@tomr6955
@tomr6955 Жыл бұрын
Funny, I do that opposite
@lr5397
@lr5397 Жыл бұрын
What a difference you and like-minded men could make in LAW and POLITICS!
@lr5397
@lr5397 Жыл бұрын
Peter! You can tell a tale/tell a truth better than ANYONE!
@justacinnamonbun8658
@justacinnamonbun8658 Жыл бұрын
The podcast was good until about 30:13.
@nickcalla775
@nickcalla775 Жыл бұрын
Peter the one thing you're completely missing is the incredible amount of naked shorting happening on these oversold stocks.. On some of them like an amc , You're talking these market makers sold the float multiple times over.. And then face six now they have to put collateral up for these contracts and they're crazy over leveraged
@sazajac77z
@sazajac77z Жыл бұрын
Excellent ending Peter.
@carln1303
@carln1303 Жыл бұрын
U the man Peter. Great breakdown as always bro.
@ChrisKAloha
@ChrisKAloha Жыл бұрын
We know about the mainstream narrative double standard. Does anyone still watch that crap?
@chaddy-me-boy8299
@chaddy-me-boy8299 Жыл бұрын
Peter does the taxing laws allow for Congress to place a tax on share buybacks? Is it an excise tax? Bc it’s not a tax on “income”
@MACfearsNONE
@MACfearsNONE Жыл бұрын
This is the first time I've heard about Tyre stabbing someone. I searched through Google but couldn't find anything. Sources much appreciated!
@1solo2mercedes
@1solo2mercedes Жыл бұрын
It is all over the internet and news channels. Must be spelling the name incorrectly. Tyre Nichols. Its covered relentlessly!
@rubenoliver4979
@rubenoliver4979 Жыл бұрын
Welcome to HP bro
@monettecarole
@monettecarole Жыл бұрын
Are they working the jobs rate numbers like the numbers during the election? Just doesn't match to what I see on the streets.
@morganvon5664
@morganvon5664 Жыл бұрын
I guess it depends on where you live. In Colorado, there are thousands of available jobs in my little town of Fort Collins. Las Vegas and Miami are exploding with jobs and construction. So yeah, I believe the numbers.
@collinmcdevitt5071
@collinmcdevitt5071 Жыл бұрын
I am a loyal listener. However, in regard to the job market I think demographics cannot be ignored. Gen -x and boomers are retiring and still consuming more than ever. This is leaving a massive hole in the job market. The generations retiring make up the largest part of the population.
@Ziegfried82
@Ziegfried82 Жыл бұрын
When SS goes bankrupt a lot of those retirees spending power will plummet or even drop to zero. All it takes is the loss of Reserve Currency Status for the USD.
@MRCATWRENCH
@MRCATWRENCH Жыл бұрын
The Fed is actually fixing the problem you mention in real time, we soon will all have to work until we die
@StarLifeZz619
@StarLifeZz619 Жыл бұрын
Peter schiff owns a schiff
@cael3132
@cael3132 Жыл бұрын
I don’t idolize anyone other than God, but I am super grateful this beautiful country has amazing Patriots today like Thomas Sowell and Peter Schiff. George Washington would’ve easily picked either of them to be treasurer over his buddy Hamilton.
@tarstarkusz
@tarstarkusz Жыл бұрын
You are wrong about Tyre (British spelling of tire. He must have a brother named driveshaft and a sister named Cam). That video of being dragged from the car is after backup arrives. That video starts in the middle, not the beginning.
@ronaldwest2264
@ronaldwest2264 Жыл бұрын
Exactly what I was thinking. They cannot even spell the names of the fictitious Jussie Smollet-like crisis actors. Tyre cannot be the correct spelling of his name because that is pronounced - TIRE. The name that they say he is would be spelled as TYREE.
@richardgarcia2961
@richardgarcia2961 Жыл бұрын
You are a Bad Ass Mr. Shift you call a Spade a Spade my friend!!! Keep up your analysis on economy and local news especially the recent incident involving the subject in wheelchair. I couldn’t agree with you more on the cops killing this attempted murderer. Thankfully, he survived as a result of a policeman applying pressure and keeping the v😅crin from bleeding out. Please continue keeping it real and your hard work is extremely appreciated.
@TheCowfart1
@TheCowfart1 Жыл бұрын
Did you guys see the Liberal Hivemind video of Don Lemon from 10 years ago? Lemon lists the 5 things that young Black men must do. This represents the only time Lemon has been right about anything. It's a must see. Hilarious!
@helpyourfellowhuman
@helpyourfellowhuman Жыл бұрын
When was today's podcast recorded?
@patrickpellerin5144
@patrickpellerin5144 Жыл бұрын
yesterday
@arizagajl
@arizagajl Жыл бұрын
Peter - any statistician worth their salt will say you need a random sample to measure the performance of two assets. Pick any random 30-100 dates over the last 12 years and compare Gold vs Bitcoin's performance. I like both but increasingly Bitcoin, regardless of your career in gold and gold business (evident conflict of interest).
@randybest9187
@randybest9187 Жыл бұрын
It is amazing how many still believe in worthless Government/FED fiat.
@rubenoliver4979
@rubenoliver4979 Жыл бұрын
“A brisk walk” 😂
@user-yi7mo1kz2j
@user-yi7mo1kz2j Жыл бұрын
T͟ʜ͟ᴀ͟ɴ͟ᴋ͟s͟ ͟ғ͟ᴏ͟ʀ͟~͟~͟ᴡ͟ᴀ͟ᴛ͟ᴄ͟ʜ͟ɪ͟ɴ͟ɢ͟!͟!͟ ͟ ͟M͟ᴇ͟s͟s͟ᴀ͟ɢ͟ᴇ͟ ͟ᴍ͟ᴇ͟ ͟ᴅ͟ɪ͟ʀ͟ᴇ͟ᴄ͟ᴛ͟ʟ͟ʏ͟ ͟ᴏ͟ɴ͟ ͟ᴡ͟ʜ͟ᴀ͟ᴛ͟s͟ᴀ͟ᴘ͟ᴘ͟✙͟✙‬𝟷𝟸𝟹𝟿𝟽𝟺𝟺𝟶𝟻𝟻𝟺✍͟️͟📊📈~~
@ernestochaparro8751
@ernestochaparro8751 Жыл бұрын
I have a question ?? Why blacks are African americans , Asia people Asian American , Latin Americans or Hispanics BUT why white people that came from far away too to the United States is not call euro Americans or something like that ???
@peterwaroblak166
@peterwaroblak166 Жыл бұрын
It's their plan, to promote hate
@ronaldwest2264
@ronaldwest2264 Жыл бұрын
I agree. I have always thot that such a term is derogatory, ironically, as they are trying to use such a term to appease the brown people but are in fact, insulting them,. At least that's how I would see it if I were brown. How do they know that every brown person came from Africa? They didn't, and it shows how ignorant these racist scumbags are when they pretend to be okay with brown people when they probably hate them. It pisses me off! And I wish Peter would stop using the PC language.
@hvaball150
@hvaball150 Жыл бұрын
a better answer lies in why minorities don't check the box "white" regardless of status. that's all it comes down to. White means full price. few respect discount people in America, regardless of race. I'm sure forms had "Irish" on them at one time. they don't any more. the point isn't that "white" wins... the point is the other boxes lose and divide. it's a choice. just pay full price. play by full rules.
@sblijheid
@sblijheid Жыл бұрын
Ask the white, liberal academics with no useful jobs who conjure up these words.
@anrzejwujkowski669
@anrzejwujkowski669 Жыл бұрын
dear sir I did look very hard 😅 on gold chart and is obvious 😉 gold must defend 1861
@alicecooper9472
@alicecooper9472 Жыл бұрын
8:40 Inflation came down a little due to gas prices, but here in Utah gas went from $3.19/gal to $3.75/gal in the past 3 weeks. Inflation is NOT dead.
@1solo2mercedes
@1solo2mercedes Жыл бұрын
Gonna get worse, but unfortunately.
@DBEdwards
@DBEdwards Жыл бұрын
Hehehe. In California I was paying $6.50 a gallon when the price exploded.
@DBEdwards
@DBEdwards Жыл бұрын
- $50 dollars in gold is the price of admission. In 2022 I held gold on a $200 drop. Just be cool and holders of gold shall prosper big time. I have been long since 2018.
@gmanlive5764
@gmanlive5764 Жыл бұрын
Peter - what’s your view on Oil and NGas for 2023
@biulaimh3097
@biulaimh3097 Жыл бұрын
Steven van Meter reckons the jobs figures are fake.
@drudini5812
@drudini5812 Жыл бұрын
Lol I'd say coming up with a 97 percent figure while 1/3 of your population is working it is flawed at the least
@duanejackson6718
@duanejackson6718 Жыл бұрын
That's outrageous! That data was calculated by the ministry of Truth.
@johndoe1.196
@johndoe1.196 Жыл бұрын
Am I the only person who remembers that they recently revised down job numbers by a million? It feels like it. How anyone can take these numbers seriously is amazing.
@Britishpatriot1
@Britishpatriot1 Жыл бұрын
In bubble popping, we trust
@JA-zh5xi
@JA-zh5xi Жыл бұрын
I like Schiff, but I’m glad I didn’t listen to him over the last 6 months. Made an absolute killing buying Tesla, and a few other stocks. Sold it all last week. Bought other beaten down stocks.
@ronaldwest2264
@ronaldwest2264 Жыл бұрын
Schiff is just a guide and he is very smart about what he knows. But everyone is still responsible for making their own decisions. Nobody should only listen to one person but Schiff is right up there at the top of my list. I have about fifteen Peter Schiffs and they all have their own expertise in certain vital areas. I listen to all of them and then I make up my own plan. Usually, I hedge all positions. Gold and Silver are a big part of my strategy but not the only ones. I still like real estate, mortgages, some precious metals and other mining stocks, and excellent well-chosen stocks that cannot lose. Also, everyone should have an unincorporated business to make their income because it provides tax deductions that you would be otherwise not entitled to, and you can offset losses against other taxable income. Everyone's goal should be to pay zero income tax because taxation of your income --- is theft!
@briand5921
@briand5921 Жыл бұрын
Incredibly based
@RobWilliams007
@RobWilliams007 Жыл бұрын
Just listened to Alex Merk. He figures over 200,000 jobs were to to seasonable adjustments and those are over 5 years and the pandemic has effected these numbers.
@pavelminchev9358
@pavelminchev9358 Жыл бұрын
I worked at Dana point today, right by the memorial. 😢
@Gooseo2000
@Gooseo2000 Жыл бұрын
Cathie Wood finally showed herself on foxbusiness.....haha
@stlouisix3
@stlouisix3 Жыл бұрын
What we're experiencing could be described as end-times Apocalypticeconomics🤣😂😹😅😄😁
@apexinvest
@apexinvest Жыл бұрын
Lol
@morganvon5664
@morganvon5664 Жыл бұрын
I've heard gold bugs say that for the last 50 years. No one was ever scared into getting rich.
@drudini5812
@drudini5812 Жыл бұрын
@@morganvon5664 gold was like 40 bucks 50 years ago.. and PLENTY of people have gotten rich by forecasting economic downturns
@XII19755
@XII19755 Жыл бұрын
❤❤❤
@annunakian8054
@annunakian8054 Жыл бұрын
Pretty much all the cases Peter talked about the perps resisted arrest. On top of that there have been several cases of police brutality/killings involving white victims. Race isn't the primary issue. It just so happens that crime rates, especially violent crimes are highest in certain neighborhoods, which any reasonable person knows has been the case for decades.
@ronaldwest2264
@ronaldwest2264 Жыл бұрын
It's the media who have created this foundation of fake news/propaganda about racism, and of course, government. Government and Media. What a whore's breakfast!!! Regan said it best: Government is the problem - Not the solution!!
@sblijheid
@sblijheid Жыл бұрын
That narrative does not get democrats elected, so their spokes peaople, the MSM, does not report it.
@jollylollypop1
@jollylollypop1 Жыл бұрын
The black cops could not get this guy cuffed. If you listen to the audio the cops are saying over and over again "give me your hands" which Tyre refused to do. He was resisting arrest. If you notice when they finally got him cuffed, the cops left him alone and quit wrestling him. The only possibly criminal acts were kicking the kid in the head by one or two of the cops, though this is justified as well if the kid was reaching for the cop's gun or if he was packing a weapon himself. The cops have a good case for acquittal because of the audio saying repeatedly "give me your hands".
@anthonyg6221
@anthonyg6221 Жыл бұрын
For the perp in the wheel chair, I would've aimed for the knee caps.
@CryptoJon12
@CryptoJon12 Жыл бұрын
☝️Thanks for the comment, contact me by telegram ☝️ for more details
@randybest9187
@randybest9187 Жыл бұрын
Risk-on stocks will be worthless.
@tedrobinson5713
@tedrobinson5713 Жыл бұрын
Are you related to Adam Schiff ?
@jockmahon
@jockmahon Жыл бұрын
Oh God your asking for trouble on this one with the black police talk 🤣
@TruckerBro
@TruckerBro Жыл бұрын
Colin Flaherty would be proud of the last 10min of the show.
@TheCowfart1
@TheCowfart1 Жыл бұрын
Trump is way more entertaining than Desantis. I'm torn. Trump has a lot of baggage now. Asking the Georgia governor to find votes for him is indefensible. I may have to switch over to DeSantis. Trump was so right about so many things, especially the fake news establishment, it's going to be hard to switch. Trump is such a great motivator, and his rallies are second to none. What to do, what to do?
@GEOPOLITICALANALYSIS
@GEOPOLITICALANALYSIS Жыл бұрын
Gold due for another 10-15%! before it rips imo Can't wait
@wagashimanju
@wagashimanju Жыл бұрын
Absolutely pitiful.
@pojack9979
@pojack9979 Жыл бұрын
Has Peter ever been bullish on the economy?
@sblijheid
@sblijheid Жыл бұрын
He does love doom and gloom, but seriously, when has the economy been good recently. The people giving us macro data do magical calculations with them, so the numbers look good. Since I've been following this kind of data, I've noticed that. That's 2 decades worth of noticing lots of bs.
@JasonM35
@JasonM35 Жыл бұрын
I the last 5 years gold has barely broken 2000 an ounce. Are you buying the top?
@hvaball150
@hvaball150 Жыл бұрын
if you buy a hamburger or a house, are you buying at the top? probably not.
@Tony-yf2vf
@Tony-yf2vf Жыл бұрын
Just pointing out that silver is in a decade-long bear market
@austrolib1181
@austrolib1181 Жыл бұрын
Nice! Cathie woods here I come!
@baldheadjamaican2551
@baldheadjamaican2551 Жыл бұрын
He right
@BubbleMania5678
@BubbleMania5678 Жыл бұрын
While I like gold and silver, I don't believe in new highs by the end of the quarter.
@nickcalla775
@nickcalla775 Жыл бұрын
It's been a continuous effort to cellar box these companies to the pink sheets and never cover the synthetic shorts.. And retail won't let that happen because me on the companies1-500% of the floay
@MRCATWRENCH
@MRCATWRENCH Жыл бұрын
Pls do episode of shorting gold for dummies. I feel like shorting gold to buy TSLA puts is the ticket
@deedetres703
@deedetres703 Жыл бұрын
is there a way to detect which cities hired more - could one data analyst then isolate an area like Arizona and work in food services in Philadelphia / NYC and cities with casinos to get a real number? (spike in employment to accommodate Super Bowl activity) - this may need to be applied again in 2026 in the following areas Atlanta, the Bay Area, Boston, Dallas, Houston, Kansas City, Los Angeles, Miami, New York/New Jersey, Philadelphia and Seattle since were chosen to host matches in the United States for World Cup - many factors to think about ... tell Powell- or whoever that folks coming across the border are also housed in hotels - and if we took in any folks from Ukraine - including their soldiers who flew over here to be trained on our gear according to some reports - we have many reasons to support a number double than what was predicted - but Jay knows what to do :)
@sblijheid
@sblijheid Жыл бұрын
Thanks for reminding me. I completely forgot about the illegals. I live in a city where the only public benefits are Federal, so illegals don't prefer it. No free stuff. The BLS data compilation is a mystery to me, but have you tried dept of labor stats by state? In fact I will go look it up for a different reason.
@deedetres703
@deedetres703 Жыл бұрын
@@sblijheid zerohedge did a nice report and did further truth finding - google "what was behind today's "wow, wow, wow" report - NONE of Durdens findings made it into the state of the union address - maybe he should wear a white fur and scream "liar" from the nosebleeds - to get the attention his article deserves
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