Fed finally did what I’ve been saying they would for years: cut rates to zero with the biggest point cut in history. Powell afraid to call it QE.
There are no atheists in foxholes; there are no free-market capitalists in a recession. If we fought WWII with bailouts, like the way we’re fighting coronavirus, we’d be speaking German now.
Waiting in line for food and toilet paper does not mean business is booming. Neither is having full hospitals.
More records broken today as the Dow lost almost 3,000 points - the biggest single day point drop in history! Percentage-wise, it was the second biggest drop percentage in history, next to the stock market crash of 1987. For all the years of the Great Depression and WWII, the economy never saw a drop like this.
The stock market has never lost this much value this quickly. The whole rest of the world is now tapping into their savings, but we have nothing left to rely on other than a printing press.
Gold takes a hit as investors cover their losses, but still down only 2% on the year compared to the Dow down 32%. Gold is liquid, easy to sell, yet its barely down, even though so many people are desperate enough to sell it.
Trump “pleasantly surprised” Powell followed his orders after having his job threatened.
Oh, and banks no longer need reserves.
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CPI numbers shock expectations.
Biggest monthly gain in #CPI since 1981.
Gasoline supply chain disrupted by ransomware hack.
Price gouging alleviates shortages.
Unemployed workers shouldn’t be picky.
Disincentivizing people from jobs is not good for the economy.
#Dogecoin traders buy the rumor and sell the fact on Elon Musk SNL appearance.
Accolades have gone to Cathie Woods’ head.
#ARKK will likely make a new 52 week low this year.
CNBC continues to ignore emerging markets, value stocks, and gold.
The people saying sub-prime was contained in 2008 are the same people saying inflation is transitory now.
Thanks Raycon!. Go To https://buyraycon.com/gold for 15% off your entire Raycon order.
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Peter Schiff at the International Metal Writers Conference
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Peter Schiff on Info Wars with Alex Jones talking about Donald Trump, the market crash, the fed, Clinton, Obama, and the economy on February 6th, 2018
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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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The Peter Schiff Show Podcast - Episode 43
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Jim Rickards and Peter Schiff discuss gold prices, the Fed, Modern Monetary Theory (MMT), and whether we'll have inflation or deflation.
Recorded by @Kitco NEWS on 7/29/20
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Peter Schiff on Fox Business Network's 'Kennedy' (3/19/15)
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