The Fed Fights Inflation with Inflation – Ep 633
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 5 December 2020
⏱️ 49 minutes
🧾️ Download transcript
Summary
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2021 may be the weakest year yet for the dollar.
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Investors whistle past the mother of all graveyards as inflation mounts.
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Grayscale printing money and buying CNBC ads.
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Watch for Bitcoin’s double-top before you let the champagne pop.
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HODLers on Sesame Street try to silence my video.
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Walter E. Williams, a black life that mattered greatly to me.
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Transcript
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| 0:00.0 | I'd like to thank Keeps for sponsoring today's episode of the Peter Shif Show podcast. |
| 0:14.7 | Keeps makes easy and affordable hair loss treatment for men. |
| 0:18.2 | You can receive your first month free by going to Keeps.com slash gold. |
| 0:24.7 | But I'd also like to thank Wundry in the newest season of Wundry's Business Wars podcast. |
| 0:30.8 | It's Instagram versus TikTok. |
| 0:32.8 | They track the war between the two social media giants. |
| 0:36.1 | You can listen to the new season on Apple podcasts, Spotify, or you can listen ad-free by |
| 0:42.4 | joining Wundry Plus in the Wundry app. |
| 0:46.6 | The big story on the week continues to be the ongoing weakness of the US dollar and also |
| 0:54.3 | the weakness in the Treasury market, which I think is going to be a much bigger story |
| 0:59.8 | if yields really start to break out. |
| 1:02.5 | But let's focus on the dollar first, the dollar index which did manage to close out the |
| 1:08.5 | week with a slight gain today. |
| 1:11.4 | Maybe some of the traders were trying to book some profits heading into the weekend. |
| 1:15.6 | But the dollar index closed with a 90 handle. |
| 1:19.4 | 90.814 was the close. |
| 1:23.0 | I think the lowest we got was just below 90.5. |
| 1:26.8 | I'm looking at 90 spot 476. |
| 1:30.2 | Remember, we closed out last week just under 92, 91, 87. |
| 1:35.5 | The week before we closed with a 94 handle. |
| 1:39.4 | We have been steadily losing value in the US dollar. |
| 1:44.3 | I think against the Swiss Frank, we're right about at a six year low in the US dollar. |
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