Schiff Radio – January 1, 2014

The Peter Schiff Show Podcast

Peter Schiff

Business News, Business, Investing, News, Politics

4.6 • 5.9K Ratings

🗓️ 2 January 2014

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy Holidays!, Due to the holidays, Peter Schiff Show is airing best-of broadcasts. Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Today's special Memorial Day episode of the Peter Schiff Show podcast is sponsored by
0:14.7	Bambi, HR manager salaries average $70,000 a year, but only Bambi gives you a dedicated
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0:25.9	Get your free HR compliance audit at bambi.com slash gold spelled bambi b-a-m-b-e-e.com slash
0:36.4	gold.
0:37.4	Anyway, before I get into discussing Memorial Day, it's origins and really commenting on
0:45.2	what Americans need to be mourning other than those who have fallen during American Wars,
0:52.8	I want to bring everybody up to speed on what's happened a little bit in the markets overnight
0:58.4	in this morning, because we do have a holiday here in the United States, but the rest of
1:03.6	the world, it's business as usual.
1:07.1	And right now they're back to the business of selling US dollars.
1:12.1	Dollar is broadly weaker today against the euro.
1:16.1	The dollars lost about a third of a percent, similar percent decline against the Japanese
1:21.6	yen and the Australian dollar.
1:24.7	Not quite as weak against the pound or the Canadian dollar, but it is still lower.
1:29.9	In fact, the dollar index is back below the 90 handle 89 83 is the last I am looking at.
1:39.3	And the dollar is not just losing ground against other fiat currencies.
1:44.6	It's also losing some more ground against real money, both gold and silver up today.
1:50.7	Gold up almost another four bucks, trading around 1907, per ounce, silver up 11 cents.
1:57.8	So now back above a 28 handle at 28.05.
2:03.4	No, I think the most significant news in the Ford currency world has to do with actions
2:10.0	taking overnight by the Chinese to try to slow down the rise in the yuan.
	...

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