The Fed’s gonna need a bigger rate cut – Ep 540
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 4 March 2020
⏱️ 35 minutes
🧾️ Download transcript
Summary
* More bearish technical signs in the market. Fed issues an historic 50-basis-point, inter-meeting, emergency rate cut. Investors are realizing Fed can’t cure the coronavirus or the markets with their rate cuts.
* Fed’s rate cut is decisively bullish for gold and silver. As the market was tanking, gold had one of it’s best days in a while, signaling more strength ahead.
* Who were Friday's gold sellers?
* Better to have been early and right, than late and wrong. The Real Crash is coming.
* Democrats would rather lose with Biden than risk winning with Sanders
RATE AND REVIEW the Peter Schiff Show Podcast 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
Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.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 | The Peter Schiff Show. |
| 0:09.2 | As expected, early this morning, the Federal Reserve delivered on its highly anticipated |
| 0:15.7 | emergency intermeeting 50 basis point rate cut. |
| 0:22.0 | This is very rare for the Fed to go intermeeting. |
| 0:26.0 | It's only happened a few times during the 2008 financial crisis. |
| 0:30.7 | A cut of 50 basis points in one move is also rare. |
| 0:34.9 | That's only really happened during times of crisis. |
| 0:37.5 | I think there was 175 basis point move during the financial crisis. |
| 0:42.4 | But other than that, the Fed tends to move in baby steps in quarter point increments. |
| 0:47.3 | But today, we got 50 basis points because that is exactly what the market was expecting. |
| 0:53.9 | So that is exactly what the Fed delivered. |
| 0:56.3 | In fact, a lot of people thought the cut was going to happen on Sunday night or sometime |
| 1:01.7 | on Monday. |
| 1:03.0 | That's what was behind Monday's record breaking 1200 point rally in the Dow. |
| 1:09.9 | It was all the Fed. |
| 1:11.5 | Everybody was buying the rumor of a rate cut that they knew was coming. |
| 1:15.8 | You know what happened early this morning? |
| 1:17.7 | I think there was some doubt, right? |
| 1:20.0 | Because all of a sudden, we went a whole day. |
| 1:21.6 | We didn't get the cut. |
| 1:22.6 | There was no talk of a cut. |
| 1:24.7 | I think the markets were all of a sudden getting a little nervous that maybe they had priced |
... |
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.