America’s Trade Problems Are Made in the U.S.A. - Ep 2023
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 28 April 2025
⏱️ 65 minutes
🧾️ Download transcript
Summary
Peter Schiff critiques Trump's market manipulations, discusses gold and Bitcoin's movements, and highlights economic weaknesses, suggesting gold mining stocks as a superior investment strategy.
This episode is sponsored by Kalshi. Get $10 when you sign up and makes a $100 trade by 4/28/25 at https://kalshi.com/gold
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Peter Schiff discusses the market's recent rally as a bear market rally and critiques former President Donald Trump's offhand comments about Jerome Powell's rate policies. Schiff argues that Trump's administration manipulated markets with strategic statements, but didn't address the fundamental economic issues, like the hollowing out of America's manufacturing base. Schiff also discusses gold's surge to a near all-time high, contrasting it with Bitcoin's performance. He criticizes the U.S. focus on becoming a crypto superpower at the expense of industrialization. Schiff concludes with commentary on rejected mortgage refinancing applications and existing home sales reflecting economic weakness, promoting gold and gold mining stocks as the best investment strategy.
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Chapters:
00:00 Introduction and Opening Remarks
00:56 Market Turnaround Analysis
01:53 Trump's Influence on the Market
02:54 Gold and Dollar Movements
06:00 Fed's Political Influence
20:13 Gold Mining Stocks Performance
27:37 Bitcoin and Crypto Market
29:40 Trump's Approval Ratings and Economic Promises
31:41 Economic Trends Under Trump
31:59 Media's Role in Economic Perception
32:26 Impact of Tariffs on the Economy
33:39 Public Reaction to Economic Policies
34:42 Trade Deficits and Blame Game
36:41 Misconceptions About Tariffs
38:48 Global Trade and Economic Realities
42:58 Trump's Economic Strategies and Their Flaws
45:07 Recession and Economic Indicators
54:48 Conclusion and Personal Notes
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Transcript
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| 0:00.0 | You make no friends in the pits and you take no prisoners. |
| 0:05.2 | One minute, you're up half a million and soybeans and the next boom. |
| 0:07.6 | Your kids don't go to college and they've repossessed your Bentley. |
| 0:09.5 | Are you with me? |
| 0:10.2 | The revolution starts now. |
| 0:12.5 | Starts now. |
| 0:13.8 | We have to pass the bill so that you can find out what is in it. |
| 0:18.1 | Turn those machines back on. |
| 0:20.5 | You are about to enter The Peter Schiff Show. |
| 0:24.0 | Show. |
| 0:25.8 | If we lose freedom here, there's no place to escape to. |
| 0:28.5 | This is the last stand on Earth. |
| 0:29.8 | The Peter Schiff Show is on. |
| 0:31.8 | I don't know when they decided that they wanted to make a virtue out of selfishness. |
| 0:35.6 | Your money. |
| 0:36.8 | Your stories. Your freedom. your stories, your freedom. |
| 0:39.0 | The Peter Schiff's show. |
| 1:00.6 | Good evening, everybody. This is another Sunday night podcast following what was a big turnaround week for the markets. It really started on turnaround Tuesday, but it lasted |
| 1:07.8 | the entire week. Now, I don't think it's a permanent turnaround. |
| 1:12.0 | I think it's a bare market rally, a countertread move in pretty much all of the markets. |
| 1:18.3 | And this is how bare markets work. |
| 1:20.9 | You get some pretty big short-term counter movements that, you know, kind of serve the purpose of creating a false |
... |
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