The Fed Has Already Lost the Inflation Fight – Ep 807
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 7 May 2022
⏱️ 53 minutes
🧾️ Download transcript
Summary
· Crypto market gets clobbered.
· Markets still closer to the top than the bottom.
· Productivity sees biggest drop since 1947.
· We may already be in an inflationary depression.
Thanks https://avast.com!
Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member.
Invest like me: https://schiffradio.com/invest
RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/
SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/
Schiff Gold News: http://www.SchiffGold.com/news
Buy my newest book at http://www.tinyurl.com/RealCrash
Follow me on Facebook: http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.com/PeterSchiff
Follow me on Instagram: https://Instagram.com/PeterSchiff 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 Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Today's podcast was recorded yesterday. |
| 0:02.4 | If you want to listen to my podcast commercial free, |
| 0:05.1 | the day I record them, go to petershift.locals.com. |
| 0:12.5 | The petershift show. |
| 0:18.0 | Today's podcast is sponsored by Avast. |
| 0:20.4 | Avast, a new all-in-one solution. |
| 0:22.3 | Avast 1 helps you take control of your safety and privacy online |
| 0:26.4 | through a range of features. |
| 0:28.3 | Learn more about Avast1.avast.com. |
| 0:31.2 | The big story today is the huge market collapse on Thursday, |
| 0:36.1 | which more than reversed the relief rally that we had on Wednesday, |
| 0:41.3 | following the FOMC decision to raise interest rates by 50 basis points, |
| 0:47.3 | and to take a 75 basis point rate hike for future meetings off the table. |
| 0:53.0 | The markets originally interpreted that as good news, |
| 0:56.4 | but then they had a chance to think about it again, |
| 0:58.9 | and it became bad news. |
| 1:00.6 | I don't think it really mattered. |
| 1:02.8 | The markets are headed lower for reasons that really have nothing to do |
| 1:07.3 | with rather or not the Fed is going 50 or 75 basis points, |
| 1:11.1 | because either hike is inadequate for the task at hand. |
| 1:14.9 | It doesn't matter. It's too little too late. |
| 1:17.5 | 50, 75, 100, the Fed is not in a position to raise interest rates anywhere near enough |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

