Inflation Burns While the Fed Fiddles – Ep 738

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 6 October 2021

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Gold stocks going down because investors are disappointed they aren’t going up.
* Fed President Jim Bullard admits inflation is here to stay.
* The digital revolution has made gold more valuable than ever.
* Jerome Powell on the chopping block means the Fed’s composition may soon change for the worse
* Janet Yellen wants to remove the debt ceiling entirely.
* The individual is above society.
* The federal government uses extortion to circumvent the constitution.

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Transcript

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0:00.0	The Peter Shifx Show.
0:09.2	Today's podcast is sponsored by Raycon.
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0:17.8	Raycon is offering you 15% off all their products and here's all you've got to do to get
0:23.4	the deal.
0:24.4	Go to buyraycon.com slash gold.
0:27.9	This podcast is also sponsored by Mint Mobile.
0:31.8	For those of you who hate their phone bill and are ready to cut the ties with Big Wireless,
0:37.5	Mint Mobile has got the wireless plan just for you.
0:41.7	It's only $15 a month and you can get the plan shipped to your door for free by going to
0:48.3	mintmobile.com slash gold.
0:51.7	There are some days where I really feel like I'm living in a type of financial twilight
0:56.9	zone.
0:57.9	Today was one of those days because we had a lot of news both yesterday and today you
1:05.1	got a Fed governor coming out yesterday and basically admitting that inflation is here
1:11.8	to stay, that we're going to have higher inflation for a long time and get used to it.
1:18.0	We're not going to go back down to 2%.
1:21.6	When you get these record trade deficits coming out today, you get prices skyrocketing
1:27.0	across the board, especially in energy, oil, natural gas, coal.
1:33.6	In fact look at the price of oil again today.
1:35.9	You know since the beginning of the year I've been forecasting on this podcast that oil
1:40.2	prices would hit $80 a barrel and we came to within about 50 cents of that figure today.
	...

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