Fiercest Fires Were Lit by the Fed – Ep 610
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 12 September 2020
⏱️ 61 minutes
🧾️ Download transcript
Summary
Gold consolidating support above previous highs.
Fed has come out of the closet.
Alan Greenspan sounds more like Peter Schiff as he gets older.
Government did more harm to Americans with the War on Terror than the terrorists did.
Government doing more harm again with the War on COVID than the virus has done.
Government incentives maximum racism.
NFL discriminates.
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Transcript
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| 0:00.0 | I want to thank Indeed. |
| 0:11.2 | They are the newest sponsor of the Peter Shifxo podcast. |
| 0:15.0 | Right now small businesses have to be more efficient than ever when it comes to their |
| 0:19.8 | hiring. |
| 0:20.8 | Every decision they make is critical. |
| 0:23.7 | Indeed is the number one job site in the world. |
| 0:28.0 | You can get a $75 credit at indeed.com slash Peter. |
| 0:34.2 | Terms of conditions apply and this special offer is only valid until September 30. |
| 0:40.3 | So don't wait, act now. |
| 0:42.9 | Major stock markets closed out a moderately higher week on a mixed note today. |
| 0:49.0 | You had the Dow in the S&P ending positive. |
| 0:52.6 | You had the Nasdaq, Russell 2000, negative. |
| 0:57.0 | But I would make much out of this week's bounce. |
| 1:00.2 | I know there are a lot of people now that are saying it's a bottom, the vicious bear market |
| 1:04.8 | that we had last week has already come to an end. |
| 1:07.9 | And of course in a few individual stocks, it was a bear market. |
| 1:11.8 | But overall none of the major indexes dipped into bear market territory. |
| 1:17.6 | But I don't think the bulls are out of the woods on this one. |
| 1:21.2 | I still think the charts look like there is a lot of potential that we can see a bigger |
| 1:26.2 | decline. |
| 1:27.2 | Of course, you've got the backstop of the Federal Reserve. |
| 1:30.2 | In fact, it's only because the Fed is there that the market didn't have a bigger drop |
... |
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