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Quoth the Raven

Quoth the Raven #346 - Peter Schiff: Kamala Harris' Socialist Policies & The Crisis Ahead

Quoth the Raven

Quoth the Raven

Business, Comedy, Business:investing, Investing

4.5979 Ratings

🗓️ 31 August 2024

⏱️ 80 minutes

🧾️ Download transcript

Summary

In a recent interview with Fringe Finance, renowned economist Peter Schiff shared his perspective on the state of the global economy, the ongoing gold rally, and the policies of central banks. Schiff, known for his unflinching critiques of government policies and his bullish stance on gold, offered a comprehensive analysis that touched on a range of economic issues, from the performance of gold to the potential for a looming economic crisis. In our full hour-long discussion, available via audio we talked about: the significance of gold surpassing $2,500, the building of a higher base, and the expectation that gold's price will accelerate. the observation that Wall Street is not yet paying attention to the gold rally, with more focus on Bitcoin gold mining stocks are hitting new 52-week highs, but they are still far from their 2011 peaks. gold's price trajectory from 2001, starting at $270 and rising to $1,900 in a decade. the dollar's recent weakness, particularly against the Swiss franc, and its implications for gold prices. criticism of the Fed's decision to stop raising interest rates and the potential mistakes associated with future rate cuts. the inefficiency and potential damage of price controls, specifically regarding Kamala Harris's proposed policies. the potential effects of taxing unrealized capital gains, including constitutional concerns and the likelihood of increased capital flight from the U.S. whether government can ever be efficient, with the argument that efficiency is inherently a feature of the private sector, not government. Japan's economic situation and the potential implications for global markets if similar issues arise elsewhere. how markets reacted to the Bank of Japan's statements on interest rates and the anticipation of U.S. rate cuts. concerns about rising inflation, especially in the context of potential rate cuts by the Fed and global economic instability. warnings about the possible economic collapse if central banks continue on their current paths without addressing the underlying issues. how long-term inflation could escalate, especially with the current fiscal and monetary policies. advocacy for investing in gold and gold mining stocks as a hedge against expected economic turmoil and inflation. Support QTR My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content= Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch Follow me on YouTube, and Twitter Please show love to those who support the QTR Podcast: JM Bullion - where QTR buys gold & silver - email [email protected] - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Longest Running Supporters Max Mulvihill - Since 2/2018 Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018 Chris Bede - Since 5/2018 Dariusz Kordonski - Since 5/2018 Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018 Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer, which you should read slowly, multiple times. QTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This podcast represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. Guests have not been fact checked. Guest opinions

Transcript

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0:00.0

All right, this is the QTR podcast. How the hill is everybody? It is the end of August. I can't even believe it.

0:07.0

It's shorts and hoodie weather here in the Northeast.

0:09.0

NFL football will be on soon. Pretty soon, we've had a couple of cool mornings here finally.

0:14.0

You can open the windows a little bit, let the air come through. It's a great time. It's a great

0:19.7

time of the year. It really is. All right. First and foremost this podcast brought to you by my

0:26.2

long-standing patrons and supporters including my friends over at J.M. Bullion. My exclusive gold and silver providers,

0:35.0

they have been in business for nearly a decade.

0:37.0

They've done over $7 billion in sales,

0:40.0

and QTR podcast listeners have their own rep at J.M. Bullion. Just email Laura. K-T-T-T-R-T-T-T-T-T-T-T-T-R-T-T-R-T-R-E-T-R-T-T-R-T-T-R-T-R-T-T-R-T-T-R-T-T-R-T-T-R-T-T-T-T-R-T-T you to our podcast listener and she will help you out with whatever you need.

0:53.0

If you've never bought gold or silver bullion before,

0:55.0

she will make it easy for you.

0:56.0

They turn around my orders very quickly.

0:58.0

They ship discreetly.

1:00.0

They have incredible selection.

1:01.0

They have reasonable premiums to spot. and they oftentimes I've noticed

1:05.1

have inventory in stock when there is a run on precious metals on other sites and so I love

1:10.3

J.M. Bullion they've been a time supporter of the podcast and if you are looking

1:15.2

to show some love to me, then show some love to them the next time you need to buy some

1:19.8

gold and silver bullion. It's that simple. LAURA at JM Bullion.com or just visit J.M. Bullion. It's that simple. L-A-U-R-A at J-M-Bullion.com or just visit J-M-Bullion. The website is easy to use. That

1:28.3

link is in my podcast description and my good friend George Gavin who was just on the

1:32.0

podcast over at Rebel Capitalist Pro,

1:36.1

which is an incredible product to help you preserve your wealth in a world of out of

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