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The Peter Schiff Show Podcast

Bad Policy Disables Economies in China and America – Ep 718

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 27 July 2021

⏱️ 65 minutes

🧾️ Download transcript

Summary




* High roads don’t win votes.
* The road to hell is paved with good intentions and is wheelchair accessible.
* Bitcoin rallies on its slope of hope.
* China cracks down on private education.





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Transcript

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0:00.0

I like to thank Indeed for supporting my podcast.

0:12.5

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0:17.7

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0:22.2

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0:25.2

Let's start with a free $75 sponsored job credit to upgrade your job post at Indeed.com

0:32.5

slash Peter.

0:34.0

Offer valid through September 30th terms and conditions apply.

0:38.4

Well, I don't want anyone to accuse me of ignoring Bitcoin when it rallies because it

0:44.5

had a face ripping rally began on Sunday, continued into Monday.

0:51.1

In fact, just before I started to record the podcast, Bitcoin had retaken the 40,000 level.

0:58.2

I think the high was around 40,500 in change.

1:02.6

Although now that I've got the recording underway, we've sold back down below.

1:07.0

In fact, we're back below 39,000.

1:09.9

But still a hell of a rally when you realize that we were below 30,000 last week.

1:15.2

In fact, I think we went into the weekend at around 34,000.

1:19.4

We got a big rally.

1:21.2

Is there any real fundamental catalyst for it?

1:23.5

I don't think so.

1:24.5

I mean, people are talking about maybe Elon Musk is going to announce that Tesla is going

1:29.8

to start accepting Bitcoin again for Teslas.

1:33.8

Even though when they were accepting Bitcoin for Teslas, nobody was actually buying any

1:38.2

Teslas with Bitcoin.

...

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