The Peter Schiff Show.

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Now yesterday morning we got the release of the June consumer price index.

This was a highly anticipated release as is every monthly CPI number because the markets

are waiting for some type of confirmation that the assurances by the Fed and by just about

everybody else that inflation is transitory are legitimate.

And so everybody is looking for the end of the transitionary period.

They want to see these monthly CPI numbers drop back down to the same point one or zero numbers

that we used to get routinely before the COVID period.

So that's what everybody wants.

Confirmation of the transitory nature of the really bad numbers that have been coming

out.

And in fact, the first five numbers that we got for the first five months of the year

2021, every single number was hotter than estimates, meaning that each monthlies increase

was a bigger increase than what everybody had expected.

And in fact, the numbers have been so bad that even the Federal Reserve was forced to

admit that even though they still believe that inflation is transitory, the transitory

inflation that we have is actually more than they thought.

So the numbers are bigger than what the Fed had estimated.

And they've even been forced to acknowledge that the length of the transitory period is

...