Less Loose Is Not Tight – Ep 726

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 21 August 2021

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

* Fed will talk about tapering until it can use Delta as an excuse not to.
* Bitcoin is irrelevant to monetary policy.
* Accepting Bitcoin for mortgage payments is a publicity stunt, not a use case.
* Fed uses owner’s equivalent rent data to hide the scarier actual rent data.
* FDR may have killed the dollar, but Nixon helped bury it.

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Transcript

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0:30.5	The podcast is also sponsored by True Bill.
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0:52.2	In my last podcast, I discussed the initial taper tantrum.
0:57.3	The market was finally starting to react to the Fed talking about tapering later this
1:05.6	year or in the fall, beginning the taper process.
1:09.4	Well that continued this week, especially after the Federal Open Market Committee released
1:16.5	the minutes of its last meeting on Wednesday.
1:20.6	Because following the minute release, we had a pretty good sell-off that continued on
1:26.4	into Thursday.
1:28.4	The sectors that were the hardest hit were the economically sensitive cyclical stocks,
1:34.5	anything that was really part of the reflation trade.
1:38.2	Because now according to all the experts, the Fed is Johnny on the spot.
	...

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