We Need to Print the Money to See Where it Goes – Ep 578
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 29 May 2020
⏱️ 92 minutes
🧾️ Download transcript
Summary
Jerome Powell admits that things are so bad, it’s worth the risk of killing us with the cure.
Personal income surges by 10.5% as consumer spending declines by 13.6%.
Mark Cuban thinks money printers are the economic fountain of youth.
Goldman Sachs couldn’t care less about Bitcoin.
Trump shifts blame from the Federal Reserve to China.
Check out The Bubble film: https://thebubblefilms.com/
My 1987 correspondence with Alan Greenspan: https://schiffradio.com/my-1987-correspondence-with-alan-greenspan/
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. |
| 0:09.0 | Well the stock market closed out this holiday shortened week on an up note in general. |
| 0:15.4 | Most of the indexes seem to be up. |
| 0:18.2 | S&P 500 up on the day. |
| 0:20.9 | Nasdaq was the biggest winner. |
| 0:22.3 | We really had a late day rally after I guess President Trump. |
| 0:27.8 | He had his delayed news conference on China. |
| 0:32.3 | And I guess he didn't say anything that scared anybody. |
| 0:35.2 | I think the markets were a little worried that he might have said something that could |
| 0:39.4 | have been interpreted as negative. |
| 0:41.1 | And so the markets really sold off when he started to speak. |
| 0:45.5 | But Rallyed as soon as he finished, he didn't really say much and didn't take any questions. |
| 0:50.7 | I will get into that a little later in the podcast. |
| 0:54.3 | But the markets were positive again on the week and on the month. |
| 0:58.8 | We just finished the month of May. |
| 1:02.1 | And as I said on the last podcast, the old adage sell in May and go away. |
| 1:08.7 | Potentially could be very applicable. |
| 1:10.6 | This year I think the market has had a hope inspired, fed induced rally that I do think |
| 1:17.3 | will fade. |
| 1:18.9 | But you know you shouldn't sell everything in May, silver in particular. |
| 1:23.3 | Silver I think had its biggest monthly gain in nine years. |
| 1:28.5 | Up almost 20%. |
... |
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.