Investors and Gamblers Are Betting on Trump - Ep 984

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 15 October 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stock and Bitcoin trends, Fed's influence on metal prices, policy impacts on economy, and tariff effects on manufacturing.

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Get $20 credit by being one of the first 500 traders. https://kalshi.com/gold

Peter provides a comprehensive analysis of the current economic and political landscape. Beginning with the record highs in the Dow Jones and the booming interest in Bitcoin, Peter attributes market optimism to Donald Trump's rising poll numbers and potential tax cuts. He critiques the Federal Reserve's rate cuts and their long-term implications on interest rates and the U.S. dollar. Peter dives into the disconnect between rising long-term interest rates and stable gold prices, and highlights the growing interest in Bitcoin among traders.

He also scrutinizes Kamala Harris's faltering poll numbers and her economic proposals, arguing against government intervention in business funding and advocating for free-market solutions. Delving deeper, Peter discusses the negative impact of tariffs and the decline of American manufacturing, urging for deregulation and tax cuts. Concluding with a discussion on the hidden costs of tariffs, taxes, and government spending.

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Timestamps:

00:00 Introduction and Orlando Money Show Announcement
01:51 Market Trends and New Highs
02:42 The Trump Trade and Bitcoin
09:38 Gold and Silver Market Analysis
17:48 Oil Prices and Political Influence
20:46 African American Vote and Political Strategies
33:31 The Flawed Business Model
33:52 Unconstitutional Programs and Racial Criteria
36:34 The Problem with Government Funding
38:44 Occupational Licensing Laws
42:34 Tariffs and Economic Misconceptions
45:58 The Decline of American Manufacturing
51:12 The Real Impact of Tariffs
53:58 The History and Consequences of Taxation
57:32 Conclusion and Final Thoughts

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Transcript

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0:00.0	The Peter Shipp Show.
0:09.0	This episode is sponsored by Momentus.
0:11.0	If you're interested in making a true investment in your health
0:14.6	go to live momentis.com and use code gold to get 20% off your new routine today.
0:20.6	Today's podcast is also sponsored by Kalshi.
0:24.0	Kalshi is the first legal financial exchange in the US where you can bet on any event.
0:29.0	Bet on things like, when will the Fed cut rates?
0:31.0	Or will Tik-Toc be banned banned or will there be a forced sale?
0:34.8	Go to Calcie.com slash gold and the first 500 traders will get a $20 credit.
0:41.1	Welcome everybody. Before Before I forget I want to let everybody know that I am going to be
0:48.7	at the Orlando Money Show this Thursday. So if you're watching live or you watch it tomorrow and you happen to be in the
0:58.4	Orlando area come by. Now some of you may have already made plans I know I mentioned it some time
1:04.4	ago that I was going to be at the Orlando Money Show so maybe some of you are
1:08.9	already headed that way and I'll be able to see you. I have three, I guess, talks. I'm on a keynote. I think I'm on a panel and I got a workshop.
1:20.0	And I'm doing everything on the morning and early afternoon of the first day of the show.
1:26.1	So if you want to see me in person, if you want to say hi, you got to be there on day one in Orlando, but I have three representatives that work with me who will be there for the entire show.
1:40.0	We've got a booth in the exhibit hall.
1:42.0	Heyman Kethoria is going to be there.
1:44.4	He works out of Los Angeles.
1:46.6	Kyle Kraus, who actually works in Orlando, lives there
1:52.1	in the Florida office. Brendan Smith who works with me here in
1:56.7	Puerto Rico and so he's coming to Orlando as well so it gives you an opportunity to
	...

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