Government Recycles 1970s Inflation Propaganda – Ep 751

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 17 November 2021

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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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0:00.0	I'd like to thank Indeed for supporting my podcast.
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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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