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The Peter Schiff Show Podcast

The Fed Can’t Be Honest About Inflation – Ep 688

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 5 May 2021

⏱️ 50 minutes

🧾️ Download transcript

Summary


* Inflation concerns increase along with commodity prices.
* Trade deficit will fuel inflationary spiral.
* Government reclassifying our rights as privileges so they can take them away.
* Supreme Court sets precedent for the federal government to start seizing property.
* Americans need property rights, not property privileges.



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Transcript

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0:00.0

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0:29.4

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0:36.8

package.

0:37.8

Well inflation is the word of the day.

0:41.3

More and more people are discussing inflation, corporate boardrooms.

0:46.2

If you listen to some of these earnings calls, a lot of companies are bringing up the pervasive,

0:53.7

widespread cost increases that they're dealing with.

0:57.8

And the way they're going to offset the impact on their margins by raising prices to their

1:04.1

customers.

1:06.1

Individuals are talking about rising prices as they're dealing with price increases on a

1:12.4

day to day basis.

1:14.0

You know, just the other day I got an email from the homeowners association for the condo

1:20.1

that I have in Puerto Rico, letting us know what's going on with the chemicals to service

1:25.8

to pools.

1:27.4

Prices have recently doubled.

1:29.4

But what they're also warning us about is supply shortages throughout the United States

1:34.8

for pool chemicals over the summer.

1:36.8

Now they're reassuring us that they've already stocked up and so that supply shouldn't

...

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