U.S. in Recession Amid Weak Labor Market – Ep 830

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 31 July 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· U.S. goes into recession; Biden and Fed deny it.
· Media goes along with redefining recession.
· The Inflation Reduction Act will increase inflation.
· Forex and gold investors finally figuring things out.
· Bond investors still clueless.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
0:02.8	If you want to listen to my podcast,
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0:10.3	It only costs $5 a month.
0:12.3	The Peter Shif Show.
0:21.3	Today's podcast is sponsored by Ladder.
0:24.0	Ladder makes it fast and easy to get affordable
0:26.6	term life insurance without leaving home.
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0:32.0	to see if you're instantly approved.
0:33.9	Despite the Biden administration, the Fed,
0:38.2	and the media's propaganda to the contrary,
0:42.0	it is now official.
0:44.0	The US economy is in fact in a recession.
0:49.0	Now, the recession deniers are continuing
0:52.3	to operate under a delusion that the economy is not in recession
0:58.0	based on their willingness to redefine what a recession is
1:03.6	and the media's willingness to go along with the con,
1:08.4	but we got the release of the official GDP statistics
1:13.4	on Thursday.
1:15.0	And as I have long suspected,
	...

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