Commodity Boom Evidences Inflation, Not Growth – Ep 644

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 13 January 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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Agricultural commodities ore on fire.

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Nobody needs bitcoin.

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A market driven by inflation is different than a market driven by earnings.

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Biden administration will exploit the attempted “insurrection”

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Tech currying favor from Biden administration through conservative censorship.

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Transcript

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0:00.0	I like to thank ExpressVPN for its continued support of the Petership Show podcast.
0:14.2	You got to stop handing over your personal data to the ISPs and the other tech giants
0:19.9	who mine your activity and sell your information.
0:23.0	To go to ExpressVPN.com slash gold and you can get an extra three months free on your
0:29.9	one year package.
0:31.5	Well most of the investment news continues to focus on what's happening in the stock market.
0:38.4	They're not really paying attention to what's happening in the commodity market, which of
0:42.8	course is going to influence what's happening in the supermarket and in the rest of the
0:48.8	economy.
0:50.0	But agricultural commodities are on fire.
0:53.7	We're hitting pretty much five year highs across the board.
0:57.8	Look at the price of corn today up better than 5%.
1:03.0	In one day the price of corn wheat prices almost as big a move 4.73%.
1:10.1	Remember these are five year highs in the price of wheat.
1:14.1	Oats up over 2% rice 2% look at soybeans 3.7%.
1:20.1	We really have beans in the teens now because now they're in the 14s.
1:24.6	$14.23 for beans.
1:29.2	Look at the meal.
1:30.6	Soybean meal is up 4.4% today.
1:35.2	So even a bigger move in the meal than in the beans themselves.
1:39.7	But it's not just agricultural commodities.
1:43.0	Look at these industrial metals.
	...

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