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The Peter Schiff Show Podcast

Gold to the Moon, Bitcoin Stuck on Earth – Ep 785

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 β€’ 5.8K Ratings

πŸ—“οΈ 9 March 2022

⏱️ 56 minutes

🧾️ Download transcript

Summary


* Biden bans Russian imports.
* Oil push higher.
* Dow enters into correction territory.
* S&P plunges deeper into correction.
* Russell 2000 and NASDAQ enter bear markets.
* Gold hits new all time high.
* US economy hemorrhaging red ink.
* Bitcoin is setting up for a crash to zero.



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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Ships Show.

0:09.2

Today's podcast is sponsored by Indeed.

0:11.7

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0:16.9

quality candidates.

0:18.5

So start hiring right now with a $75 sponsor job credit to upgrade your job posts at

0:24.5

Indeed.com slash Peter off of out through March 31st.

0:29.4

Today's podcast is also sponsored by Mint Mobile for people who hate their phone bills

0:34.4

and who are ready to cut the ties with big wireless.

0:37.8

Now you can cut your wireless bill to 15 bucks a month and get a plan shipped to your

0:42.9

door for free at Mint Mobile dot com slash gold.

0:47.6

The market's finished a volatile day on Tuesday in the red.

0:52.5

The average is generally closing near the lows the day.

0:55.5

The Dow Jones was down 184 points.

0:59.2

That was almost 800 points lower than its intraday high.

1:04.1

Talk about a turnaround Tuesday.

1:05.9

A lot of the volatility centered around President Biden's midday speech, although everybody

1:12.3

kind of knew the speech was coming all morning, where Biden announced that the US was going

1:17.5

to officially suspend imports from Russia in particular, Russian oil, which really accounts

1:25.0

for about 3% of US consumption.

1:28.7

Of course, when Biden announced that he was going to ban the import of Russian oil in

1:34.0

the United States, he also claimed that he wanted American oil companies to make up the

1:39.8

difference and to produce more oil, but he also didn't want US oil companies taking

...

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