Trade Truce Puts Budget Deficits In Focus - Ep 1027
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 16 May 2025
⏱️ 65 minutes
🧾️ Download transcript
Summary
Peter Schiff analyzes the stock market relief rally, criticizes Trump's trade policies and tariffs, and argues that the new tax bill and economic issues are not being properly addressed.
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Peter Schiff discusses the recent relief rally in stock markets following a temporary truce in the trade war, highlighting the role of President Trump's policies in both creating and defusing market tensions. He criticizes the Trump administration’s handling of tariffs and trade deficits, predicting that the U.S. economy is weaker than expected and will face significant challenges due to de-dollarization and rising interest rates. Schiff also scrutinizes the latest tax bill, arguing it fails to address core issues like the inefficiencies of the FDA and misaligned incentives in healthcare. He warns that temporary market gains are misleading and that fundamental economic vulnerabilities remain unaddressed.
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Chapters:
00:00 Market Relief Rally Amid Trade War Truce
02:27 Impact of Tariffs on the Economy
05:05 De-dollarization and Global Trade Dynamics
07:15 Bond Market Vulnerabilities
11:24 Bitcoin and Risk Assets Analysis
16:17 Gold and Silver Market Insights
21:41 Upcoming Events and Personal Announcements
29:44 Critique of FDA Regulations
33:38 The Skin Cancer Epidemic in America
34:40 The FDA and Sunscreen Regulations
36:01 The Problem with Employer-Based Health Insurance
38:20 The True Cost of Health Insurance
45:11 Trump's Big Beautiful Bill
46:34 The Carried Interest Loophole
50:48 The Car Loan Tax Deduction Debate
01:01:15 The Future of the US Economy
01:02:00 Conclusion and Final Thoughts
#tradewar #tariffs #trump
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Transcript
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| 0:00.0 | Make no friends in the pits and you take no prisoners. |
| 0:02.4 | One minute, you're up half a million and soybeans and the next boom. |
| 0:04.8 | Your kids don't go to college and they've repossessed your bent here. |
| 0:06.8 | Are you with me? |
| 0:07.4 | The revolution starts now. |
| 0:09.8 | Starts now. |
| 0:11.1 | We have to pass the bill so that you can find out what is in it. |
| 0:15.3 | Turn those machines back on. |
| 0:17.6 | You are about to enter The Peter Schiff's show. |
| 0:21.2 | Show me the money! |
| 0:23.0 | If we lose freedom here, there's no place to escape to. |
| 0:25.7 | This is the last stand on Earth. |
| 0:27.0 | The Peter Schiff Show is on. |
| 0:28.9 | I don't know when they decided that they wanted to make a virtue out of selfishness. |
| 0:32.8 | Your money. |
| 0:33.9 | Your stories. |
| 0:35.1 | Your freedom. |
| 0:36.2 | The Peter Shiff Show. |
| 0:53.6 | Okay, well, we've had a pretty good relief rally in the stock markets over the last several days, |
| 1:02.1 | ever since we got a truce in the trade war, or maybe more appropriately a surrender than a truce, although that's not the way the Trump |
| 1:13.0 | administration is promoting this, the so-called win. |
| 1:17.1 | But when you strip out more of the jargon, that's basically what happened. |
... |
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