Powell Admits Fed Has No Plan For Stagflation - Ep 990
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 8 November 2024
⏱️ 55 minutes
🧾️ Download transcript
Summary
Markets soar on Trump's return, skepticism persists. Budget deficits, trade issues, and economic challenges under scrutiny.
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Peter Schiff dissects the economic landscape post Donald Trump's re-election, contrasting the current market euphoria with his skepticism. He discusses the stock market's all-time highs, driven by nominal gains, and expresses doubt about a sustainable 'Trump Boom' given historical failures to address trade and budget deficits. Schiff emphasizes the worsening economic conditions since 2016, highlighting higher interest rates, increased national debt, and a fragile economy. He questions Trump's proposed tax cuts and deregulation policies, arguing they are not a panacea and may exacerbate economic problems. With no clear plan from the Federal Reserve to tackle stagflation, Schiff advises listeners to be wary of the current market optimism and consider investing in foreign stocks and gold.
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Timestamps:
00:00 Trump Mania and Market Reactions
02:07 Trump's Economic Promises and Failures
03:05 Challenges Facing Trump's Second Term
04:59 Tax Cuts and Economic Realities
09:26 Global Economic Trends and Comparisons
21:48 Investment Strategies and Market Predictions
30:07 Fed Rate Cut and Economic Implications
31:34 Monetary Policy and Debt Levels
32:32 Gold Price Movements and Press Conference Insights
33:38 Inflation Shock and Central Bank Policies
37:06 Fed's Stance on Fiscal Policy and Deficits
42:00 Election Results and Economic Perception
45:21 Stagflation Concerns and Fed's Response
49:40 Investment Strategies and Market Outlook
53:46 Conclusion and Call to Action
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Transcript
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| 0:00.0 | I make no friends in the pits and you take no prisoners. |
| 0:05.1 | One minute, you're up half a million and soybeans and the next boom. |
| 0:07.5 | Your kids don't go to college and they've repossessed your vent. |
| 0:09.4 | Are you with me? |
| 0:10.1 | The revolution starts now. |
| 0:12.4 | Starts now. |
| 0:13.7 | We have to pass the bill so that you can find out what is in it. |
| 0:18.0 | Turn those machines back on. |
| 0:20.4 | You are about to enter The Peter Schiff Show. |
| 0:23.9 | Show! |
| 0:24.1 | Go be the money! |
| 0:25.7 | If we lose freedom here, there's no place to escape to. |
| 0:28.4 | This is the last stand on Earth. |
| 0:29.7 | The Peter Schiff Show is on. |
| 0:31.7 | I don't know when they decided that they wanted to make a virtue out of selfishness. |
| 0:35.7 | Your money. |
| 0:36.8 | Your stories. Your freedom. The freedom of Peter Schiff's show. |
| 0:40.5 | This episode is sponsored by Momentus. |
| 0:56.9 | If you're interested in making a true investment in your health, go to live, momentus.com, |
| 1:02.3 | and use code gold to get 20% off your new routine today. |
| 1:09.4 | The Peter Schiff's show. |
| 1:15.5 | Well, Trump mania continues the aftermath of the, I guess, surprise to a lot of people win by Donald Trump. |
... |
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