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The Peter Schiff Show Podcast

Americans Lost Every War – Ep 697

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 31 May 2021

⏱️ 50 minutes

🧾️ Download transcript

Summary


* Falling Dollar elevating Yuan.
* China increases its child limit.
* Ray Dalio didn’t endorse Bitcoin; he condemned treasury bonds.
* American soldiers died protecting our freedoms, but our freedoms didn’t survive the wars.
* Truth in advertising should apply to legislation.



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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Schiff Show

0:09.0

Today's special Memorial Day episode of the Peter Schiff Show Podcast is sponsored by

0:14.7

Bambi.

0:15.7

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0:23.4

for just $99 a month.

0:25.8

Get your free HR compliance audit at bambi.com slash gold.

0:30.6

Spell bambi b-a-m-b-e-e dot com slash gold.

0:37.2

Anyway, before I get into discussing Memorial Day, it's origins and really commenting on

0:45.2

what Americans need to be mourning other than those who have fallen during American

0:52.0

Wars.

0:53.0

I want to bring everybody up to speed on what's happened a little bit in the markets overnight

0:58.4

in this morning because we do have a holiday here in the United States, but the rest of

1:03.6

the world, it's business as usual.

1:07.1

And right now they're back to the business of selling US dollars.

1:12.1

Dollar is broadly weaker today against the euro.

1:16.1

The dollars lost about a third of a percent, similar percent decline against the Japanese

1:21.6

yen and the Australian dollar.

1:24.6

Not quite as weak against the pound or the Canadian dollar, but it is still lower.

1:29.9

In fact, the dollar index is back below the 90 handle 89 83 is the last I am looking at.

1:39.3

And the dollar is not just losing ground against other fiat currencies.

1:44.6

It's also losing some more ground against real money, both gold and silver up today.

1:50.7

Gold up almost another four bucks, trading around 1907 per ounce, silver up 11 cents.

...

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