The Bull Market Is Dead. The Bear May Live Long. – Ep 819

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 14 June 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Dow is now the only major index not in a bear market.
· Bitcoin and Ethereum have a Black Monday.
· Highest inflation in US history will be game changer for dollar and precious metals.
· Google settles frivolous lawsuit.
· Bitcoin pumpers lower the bar.
· Celsius crypto accounts frozen.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
0:02.4	If you want to listen to my podcast,
0:04.5	commercial free, the day I record them,
0:07.1	go to petershift.locals.com and sign up.
0:10.2	It only costs $5 a month.
0:12.3	The petershift show.
0:20.9	Today's podcast is sponsored by Shopify.
0:23.5	Shopify is a platform designed for anyone to sell anywhere,
0:27.8	giving small entrepreneurs their resources once reserved
0:31.3	for just big business.
0:32.8	For a free 14-day trial and full access
0:35.2	to Shopify's entire suite of features,
0:37.5	go to shopify.com slash gold.
0:40.7	When I recorded my podcast on Friday,
0:43.7	I warned that there was the possibility
0:46.1	of a black Monday style crash today,
0:49.4	although I did qualify my remarks by saying
0:53.2	that I thought it was still a low probability event.
0:56.2	After all, a massive collapse like we had on a Monday
1:01.2	in October of 1987, where the Dow fell something like 20%
1:05.6	in one day.
1:06.6	Those are very rare occurrences indeed.
	...

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