ECB’s Inflation Fight May Knock Out the Dollar – Ep 839

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 11 September 2022

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· ECB hikes rates as Europe’s inflation outpaces the U.S.
· Powell admits we’re on an unsustainable fiscal path.
· The Fed is not a friend of the public. It’s the enemy.
· U.K. government will make their energy crisis worse.
· No new money is going into crypto.

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Transcript

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0:00.0	The Peter Shiff Show.
0:09.5	Today's podcast was recorded yesterday.
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0:56.7	at mcmobile.com slash call.
0:59.8	The most significant event of this week was the ECB's surprise 75 basis point rate hike.
1:09.4	The expectation was for a 50 basis point hike.
1:12.8	Interest rates in the Eurozone are now at 1.25%.
1:16.2	Now of course that's still a very low rate especially in the face of 9.5% or so year over
1:22.6	year inflation, which is where they are in the Eurozone as of August.
1:27.1	In fact, Eurozone inflation is now higher at least the way they measure it with their CPI
1:33.2	than it is in the US.
	...

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