Powell Knows the Public Can’t Handle the Truth - Ep 996

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 5 December 2024

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discussion on US comments, import/export dynamics, reserve currency, major exports, economic data trends, and constitutional aspects of the exit tax.

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Peter Schiff addresses comments from his previous podcast about America's imports and elaborates on the nation's dependency on them. He explains the significant trade deficit and America's reliance on the dollar's reserve currency status, which allows for importing more than exporting. Schiff also provides insights into the economic repercussions of this imbalance, highlighting the country's major exports. The podcast discusses the federal financial burden, economic data releases, and the consequences of high interest rates on national debt. Schiff finishes with commentary on current events, including Biden's pardon of Hunter and Roger Ver's tax evasion case challenging the constitutionality of the exit tax.

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Chapters:

00:00 Introduction and Addressing Comments

02:10 America's Import and Export Dynamics

03:39 Top 10 American Exports

17:02 Economic Data and Market Reactions

27:08 Interview with Jerome Powell

36:14 The Debt Bubble and Interest Rates

38:27 Promotions and Announcements

42:06 Biden's Pardon of Hunter

44:48 Fraud and Legal Battles

51:10 Roger Ver and the Exit Tax

01:04:14 Conclusion and Final Thoughts

#JPowell #Fed #Economy

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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.
0:20.3	You are about to enter The Peter Schiff Show.
0:23.9	Show!
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 Peter Schiff's show.
1:01.8	Today's podcast is sponsored by NetSuite, the easy-to-use cloud-based business management software for every aspect of your business.
1:07.0	Download the CFO's guide to AI and machine learning at NetSuite.com slash gold.
1:10.3	The guide is free to you at netsuite.com slash gold.
1:13.0	Today's podcast is also sponsored by Shopify.
1:18.2	Shopify is a platform designed for anyone to sell anywhere, giving entrepreneurs like myself the resources once reserved for just big business.
1:21.9	Sign up for a $1 per month trial at Shopify.com slash gold, all lowercase.
	...

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