Government Recycles 1970s Inflation Propaganda – Ep 751
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 17 November 2021
⏱️ 58 minutes
🧾️ Download transcript
Summary
* Janet Yellen lies to the nation.
* The Fed doesn’t want to let the peoples’ cost of living decrease.
* 2% inflation isn’t a target; it’s a floor.
* Retail investors move from bubble to bubble without learning any lessons.
* Sell your Bitcoin before Logan Paul’s audience does.
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Transcript
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| 0:40.9 | Well the inflation story continues to dominate the headlines. |
| 0:45.4 | In fact, there was a lot of discussion about inflation on this week's Sunday morning |
| 0:51.1 | news programs. |
| 0:52.3 | In fact, the Treasury Secretary herself and former Fed chief Janet Yellen was on face |
| 0:59.2 | the nation to basically lie to the nation about inflation and what was creating it. |
| 1:07.0 | According to Janet Yellen, the inflation that we are experiencing has absolutely nothing |
| 1:13.6 | to do with the Biden administration or the Federal Reserve. |
| 1:19.2 | It's all because of demand. |
| 1:22.3 | What Yellen said that there was a surge in demand. |
| 1:27.2 | I think her exact words were a dramatic increase in demand. |
| 1:32.6 | And that is why prices are going up. |
| 1:35.6 | Now I think she attributed a lot of the demand to COVID because she said people were at home, |
| 1:41.9 | they were stuck at home, and they had nothing to do but shop. |
| 1:45.3 | And so they went online and they bought a bunch of stuff. |
... |
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