The US Already Lost the Trade War - Ep 1021
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 12 April 2025
⏱️ 70 minutes
🧾️ Download transcript
Summary
Peter Schiff dives into the wild financial markets, tariff drama, trade deficits, and golden opportunities.
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Peter Schiff discusses the recent turmoil in the financial markets, attributing it to the imposition of tariffs by the Trump administration. Schiff criticizes the tariffs, asserting that they hurt the U.S. economy, caused the dollar and bond markets to crash, and ultimately led to significant market volatility. He contends that Trump's tariffs were a misguided attempt to reduce trade deficits and that they contradicted basic economic principles. Schiff outlines how foreign investors fleeing U.S. assets and central banks favoring gold over dollars indicate a shift away from U.S. economic dominance. He emphasizes the importance of investing in gold mining stocks, anticipating substantial growth as the economic crisis unfolds.
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Chapters:
00:00 Introduction and Opening Remarks
02:38 Market Recap: A Wild Week
05:43 Tariffs and Trade Wars
08:51 Trump's Negotiation Tactics
14:58 Impact on the US Economy
18:42 Global Reactions and Consequences
26:53 Currency and Market Movements
35:41 Economic Consequences of Tariffs
36:38 Impact on American Companies
38:11 Global Financial Crisis Predictions
42:40 Gold and Bitcoin Market Analysis
45:30 Investment Strategies in Gold Stocks
51:34 The Future of the US Dollar and Global Economy
01:03:04 Final Thoughts and Investment Advice
#finance #investing #gold
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Transcript
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| 0:00.0 | I make no friends in the pits and you take no prisoners. |
| 0:05.1 | One minute, you're up half a million and soybeans and the next boom. |
| 0:07.5 | Your kids don't go to college and they've repossessed your vent. |
| 0:09.4 | Are you with me? |
| 0:10.1 | The revolution starts now. |
| 0:12.4 | Starts now. |
| 0:13.7 | We have to pass the bill so that you can find out what is in it. |
| 0:18.0 | Turn those machines back on. |
| 0:20.4 | You are about to enter The Peter Schiff Show. |
| 0:23.9 | Show! |
| 0:24.2 | If we lose freedom here, there's no place to escape to. |
| 0:28.4 | This is the last stand on Earth. |
| 0:29.7 | The Peter Schiff Show is on. |
| 0:31.7 | I don't know when they decided that they wanted to make a virtue out of selfishness. |
| 0:35.6 | Your money. |
| 0:36.7 | Your stories. |
| 0:38.7 | Your freedom. The stories, your freedom. |
| 0:40.3 | The Peter Schiff's show. Today's podcast is sponsored by NetSuite, the easy-to-use cloud-based business management software for every aspect of your business. |
| 1:02.1 | Download the CFO's guide to AI and machine learning at NetSuite.com slash gold. |
| 1:07.0 | The guide is free to you at netsuite.com slash gold. |
| 1:13.2 | The Peter Schiff's show. |
| 1:21.1 | You make no friends in the pits and you take no prisoners. |
... |
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