The Fed Has Made Zero Progress Fighting Inflation – Ep 847

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 9 October 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Bank of England has Wall Street questioning the Fed.
· Consumers are spending and borrowing more than ever.
· Oil prices rise on OPEC+ production decrease.
· Bitcoin is very close to a major collapse.
· Michael Saylor is harming more investors than Kim Kardashian.
· Bond investors still don’t believe inflation is here to stay.

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Transcript

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0:00.0	The Peter Shiff Show.
0:09.5	Today's podcast was recorded yesterday.
0:12.1	If you want to listen to my podcast, Commercial Free, the day that I record them, go to
0:17.0	shiffradio.com slash premium.
0:19.6	It only costs $5 a month.
0:21.8	Today's podcast is sponsored by Raycon.
0:24.1	With Raycon, you get the same high quality audio as with other premium brands, only at
0:29.1	half the price.
0:30.1	So go to buyraycon.com slash goal to get 15% off your order.
0:34.7	Today's podcast is also sponsored by Mint Mobile.
0:37.9	With Mint Mobile, there's no trapping you into a two year contract or opening the bill
0:41.9	to find all those crazy fees.
0:44.0	Get premium wireless for just 15 bucks a month and no unexpected plot twists at MintBubble.com
0:50.0	slash goal.
0:51.5	We finished a very volatile week on Wall Street on a down note with the Dow closing down
0:57.4	630 points on Friday, a bit off below at one point the Dow was down better than 780 points.
1:06.0	But seems that every time I record a podcast on the weekend, I'm talking about a big down
1:12.3	Friday with the potential of a bigger decline on a Monday.
1:17.0	I keep talking about another black Monday.
1:19.8	Of course, now we are in the month of October when all the big historic stock market crashes
1:25.4	have occurred.
1:27.0	But every Monday we seem to avoid the big drop, including last Monday, we actually had
	...

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