There’s No Vaccine for What Really Ails the U.S. Economy – Ep 626
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 10 November 2020
⏱️ 52 minutes
🧾️ Download transcript
Summary
* Big moves in all the markets on news of COVID vaccine from Pfizer.
* COVID vaccine will not be ready soon.
* Investors sell stay-at-home stocks and buy the leave-the-house stocks.
* Gold gets thrown out with the safe-havens.
* Bitcoin has the least volatility.
* Statehood for Puerto Rico would be a disaster.
Get 3 months free. Expressvpn.com/Gold
Invest like me: https://schiffradio.com/invest
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
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 | I like to thank ExpressVPN for supporting the PeterShift Show podcast. |
| 0:13.3 | Did you know that your internet service provider, like Comcast or Verizon, knows every single |
| 0:19.1 | website you use? |
| 0:21.1 | You can use my exclusive ExpressVPN.com slash gold link and get three months free. |
| 0:28.5 | So we had some huge moves in the stock markets today, the currency markets, the precious metals |
| 0:35.5 | markets, the bond market, the catalyst for all these moves. |
| 0:39.9 | Some up, some down was announcement early this morning that the US drug company Pfizer |
| 0:46.3 | in partnership with a German company, a biolentic, have some very promising results in their |
| 0:54.9 | current studies for their COVID vaccine. |
| 0:58.9 | They announced that the vaccine, at least at this point in the trials, is proving to be |
| 1:03.7 | 90% effective as a vaccine against COVID. |
| 1:09.7 | And that seems like a very high rate. |
| 1:12.0 | And so everybody is very excited about the potential for this vaccine. |
| 1:17.3 | Number one, we don't know for sure if this vaccine is going to get approved. |
| 1:23.9 | They have not completed the trials. |
| 1:26.5 | I read that the FDA still wants to see a couple of months more at a minimum of data. |
| 1:33.1 | Not sure if they're looking at the data for the efficacy of the vaccine, but whether or |
| 1:39.3 | not it produces any side effects. |
| 1:42.0 | And I think they need more time to evaluate those. |
| 1:45.2 | Of course, you don't want to risk a side effect that's actually worse than the disease itself. |
| 1:50.5 | I'm not sure how much more data they need or how many more trials they need. |
| 1:56.6 | But one thing I know for sure, if we do get a COVID vaccine from this particular product, |
... |
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.

