Official Inflation Hits Another New High – Ep 825

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 14 July 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

· Inflation is soaring across the world.
· U.S. monetary and fiscal policies are at odds with each other.
· Motor vehicle repair costs have highest increase since the 1974.
· Dollar rises as gold tanks.
· Gold stocks are at bargain prices.
· Don’t fall for bait and switch scams from gold and silver dealers.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
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0:12.2	The petershift show.
0:17.2	Today's podcast is sponsored by Raycon.
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0:35.0	Earlier this morning we got the official release of the June consumer price index
0:40.8	in the United States.
0:41.9	Although earlier in the week, a lot of other countries were also reporting their own
0:47.2	inflation news.
0:48.6	Japan on Monday came out with its wholesale price increase for June,
0:53.6	producer prices rose 0.7% month over month and 9.2% year over year.
1:01.8	This is a huge problem for Japan.
1:04.6	I spoke about it on my last podcast after the passing of Shinzue Abe.
1:10.5	This is the byproduct of Obinomics coming back to bite the Japanese
1:15.4	because after years of trying to get inflation to 2%,
1:19.6	they now have inflation well above 2% and no way to rein it back in
1:25.4	without precipitating a financial crisis given the enormity of the debt that they racked up
1:30.6	in order to deliberately increase their inflation rate.
1:34.2	India also reported 7.01% year over year inflation in June,
	...

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