Inflation Insanity Continues – Ep 848

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 15 October 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· CPI numbers worse than investors feared.
· Less younger people working while more older people retiring is bad news for Social Security Ponzi scheme.
· Selling British Pounds for American Dollars is jumping from the frying pan into the fire.
· I’ll be debating a former Bank of England policy maker on October 22nd. Free registration at https://tradersummit.net/event-oct-2022/?ref=1019
· Bitcoin teetering on the edge of collapse.
· Precious metals holding up better than stock market, even as gold is being given away at bargain prices.

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Transcript

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0:00.0	The Peter Shiff Show.
0:09.5	Today's podcast was recorded yesterday.
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0:30.0	Go to ExpressVPN.com slash gold.
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0:36.5	Today's podcast is also sponsored by Indeed, where you can attract, interview and hire
0:41.2	all in one place.
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0:47.0	right now to D.com slash Peter, offer good for limited time, terms and conditions apply,
0:52.9	cost, publication pricing, not available for everyone.
0:56.2	The big news on the week was yesterday's release of the September consumer price index.
1:02.8	And a lot of investors were hoping to get some relief on inflation, especially considering
1:09.4	the fact that the Fed has already had so many rate hikes under its belt and the fact
1:14.5	that the economy had slowed down.
1:16.8	Of course, it's actually interrecession, but a lot of people want to ignore that.
1:21.0	But even if you deny that we're in a recession, you still have to admit that the economy has
1:25.9	weakened.
	...

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