There's a lot to talk about this week. We had Janet Yellen. I'm going to spend a lot of time not only on the release of the official statement, but of course the Q&A that came later in the day. Also all of the week's economic news will be discussed as well as the irrational or rational, I guess depending on your perspective, market reaction to the economic news and more importantly to all the talk at the Federal Reserve, but the walk will not match the

talk so people who are investing based on what Janet Yellen says if they don't reverse their positions at some point, they're going to realize that they've got it wrong because what she says and what she's going to do are two entirely different things. We got the highly anticipated Ali Baba IPO. We're going to talk about that. We're also going to talk about the big breakdown in the price of Bitcoin. I had been forecasting a big move down in Bitcoin prices. That has happened. I think there's more downside to go. Also going to

talk about not only some crazy comment that I saw on CNBC, but I'm going to talk about the even crazier email exchange I had with Joe Kernan following kind of the heads up email I gave him regarding what I heard said on CNBC. Also we got the Scottish voting thumbs down the Nays beating out the Yays in that election. So sit back. You're going to be with us for a while. We've got about two hours of content, the type of stuff that you're not going to hear any play sells.

But here on the Peter Schiff show.

I don't know when they decided that they wanted to make a virtue out of selfishness.

Your money, your stories, your freedom of Peter Schiff show.

Well, this morning, this is Friday morning. I am watching CNBC. This is early in the morning. And this guy is on there. I can't even remember the guy's name.

I suppose it's immaterial who it was. It's just another one of a parade of talking heads that is on a squawk box or whichever the show was. And Joe Kernan was the host.

And so this guy is on there. And they're talking about the problems around the world and the global economy and whether or not he's worried about how any of the problems, whether it's Europe or Japan, how it might impact the United States.

And then the guy says probably one of the dumbest things I've heard somebody say on CNBC, which again, I mean, that's pretty dumb. I mean, because most of the things that are said are dumb.

But this guy said one of the dumbest. I don't know if it's the absolute dumbest because I can't remember all the dumb things I heard. But it's got to be up there.

So the guy basically says what would be great to see the world growing faster than us and helping pull us forward. Yes, we're also the single most self-sufficient economy in the world.

And the world is because we're so large and we have such a, you know, a vast array of resources and things of that nature. So we're the single economy that if the world is a little bit sloppy or weaker that we probably can do okay.

The United States economy is the most self-sufficient economy in the world. The most self-sufficient, meaning that we don't need anybody else, right?

We can exist all by ourselves. We don't need any other countries. We're self-sufficient. Now, I mean, I almost fell off my chair because of course we are the opposite of that.

We are the most dependent nation on the world. We depend on other countries like no other country. I mean, think about it. We've got the world's biggest trade deficit, right?

Which means that we depend on other countries to produce the products that we need, right? We can't produce them ourselves. How is that self-sufficient? If we rely on other countries to produce the consumer goods that we need, how are we self-sufficient?

We also have to borrow the money because we don't produce enough to export to pay for our imports. We have to borrow money. We count on the world to vendor finance all the goods that we can't afford.

So not only do we import the most, but we have to borrow all this money to pay for our imports. If we have to borrow all this money from foreign countries, how are we self-sufficient?

We've got the biggest trade deficits in the world, the biggest current account deficits in the world, and we're the world's biggest debtor nation. We owe more money to more countries than all the other countries in the world combined.

How can you say yourself sufficient when you're in hoc to every other country in the world? We completely, like no other country, depend on the generosity of the rest of the world. We're in economic terms. We're like the world's biggest economic parasite.

How can somebody look at those facts and conclude that we're self-sufficient? That we don't need all the countries who are supplying us with all this stuff and lending us all this money?

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