Did the Biggest Bubble Ever Just Pop? – Ep 608
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 5 September 2020
⏱️ 53 minutes
🧾️ Download transcript
Summary
Charts show bad omen for the NASDAQ.
The biggest bubble ever won’t die easily.
Strength in gold stocks improving.
Tesla (TSLA) sells off.
Treasury market killed.
China commits to dumping US treasuries.
Bond market’s bottom ready to drop.
Bitcoin may never trade above $10,000 again.
Trade deficit biggest since July of 2008.
Jobs numbers are not what they seem.
Invest like me: https://schiffradio.com/invest
RATE AND REVIEW the Peter Schiff Show Podcast on Facebook.
https://www.facebook.com/PeterSchiff/reviews/
SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/
Schiff Gold News: http://www.SchiffGold.com/news
Buy my newest book at http://www.tinyurl.com/RealCrash
Follow me on Facebook: http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.com/PeterSchiff
Follow me on Instagram: https://instagram.com/peterschiff Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The |
| 0:08.9 | podcast that I recorded on Tuesday was aptly titled The Biggest Bubble Ever and I spent |
| 0:16.8 | a lot of time discussing some of the absurdity in the market, in particularly in the NASDAQ |
| 0:24.1 | and the following day on Wednesday, the NASDAQ hit a new record high. |
| 0:29.6 | It closed for the first time above 12,000. |
| 0:33.8 | The S&P also hit a new record high on Wednesday. |
| 0:38.2 | The Dow Jones did not hit a record high, but it did close above 29,000 for the first time |
| 0:45.0 | since the big collapse in March. |
| 0:47.9 | In fact, that actually sparked Donald Trump to tweet out how lucky we all are to have |
| 0:54.0 | him as president because we have the Dow back at 29,000. |
| 0:58.8 | It's not really that we're lucky to have Trump as president, we're unlucky to have Powell |
| 1:03.6 | as Fed Chairman because it's the Fed that is the reason that the Dow and the NASDAQ and |
| 1:10.0 | the S&P were so high on Wednesday. |
| 1:13.8 | It's not because of Trump or his policies unless you want to claim that Trump's policies |
| 1:20.2 | are why the economy is so weak and it's because the economy is so weak that monetary policy |
| 1:26.3 | is having such a strong impact on the markets because the Fed is printing all this money |
| 1:31.7 | and keeping interest rates artificially low to compensate for the underlying weakness |
| 1:37.2 | in the economy. |
| 1:38.2 | Of course, the weakness in the economy didn't begin with Donald Trump, Trump inherited |
| 1:44.0 | the structural problems from Obama. |
| 1:46.5 | The problem is he did nothing to correct them because correcting them would have been |
| 1:50.4 | too painful and Trump did not want to be blamed. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.