You Can’t Depend on Politically Crafted Government Data - Ep 983
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 11 October 2024
⏱️ 60 minutes
🧾️ Download transcript
Summary
Critiquing job reports. Questioning the Fed. Scrutinizing data. Inflation methods. Political motives. State preparedness.
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Schiff critically examines the recent jobs report, labeling it as misleading and detailing the implications of government employment statistics. He questions the significance of the Federal Reserve's decisions on interest cuts, given what he considers unreliable government data. Schiff delves into the complexities of inflation reports, expressing skepticism on the methodologies for calculating inflation and unemployment. He also addresses the political motivations behind such statistics. Emphasizing Milton Friedman’s perspective, Schiff highlights government spending as the true measure of taxation and inflation. Additionally, he critiques the inefficiencies of FEMA and advocates for state-level emergency preparedness. Schiff touches on his wife's new music project and encourages support for her band, 'Laughing Cats.' The episode wraps up with Schiff’s comments on upcoming content and a holiday observance note.
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Transcript
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| 0:00.0 | The Peter Shift Show. |
| 0:09.0 | Today's podcast is sponsored by Net Suite,-to-use cloud-based business management |
| 0:13.8 | software for every aspect of your business. Download the CFO's guide to AI and |
| 0:18.9 | machine learning at NetSuite.com slash gold. The guide is free to you at NetSuite.com slash gold. The guide is free to you at Net Suite |
| 0:23.5 | dot com slash gold. Hey before I get into today's podcast I want to give a |
| 0:30.8 | shout out to Dale Shagan. |
| 0:32.6 | He is the guy that put together that intro |
| 0:36.8 | that we played at the beginning of the podcast. |
| 0:39.3 | And a lot of people have been commenting |
| 0:41.7 | because we've had that intro up there for the last few |
| 0:44.3 | podcasts and they mentioned that they liked a new intro that's not new that's an old |
| 0:49.2 | intro that we had in 2012 when I did the Peter Schiff radio show. |
| 0:55.8 | That's where this whole thing got started. |
| 0:57.8 | And so that was the intro to the radio show. |
| 1:01.0 | Now, some of you who have been listening to me going all the way back. In fact, a lot of people go back to the Wall Street on Spund days and I did that once a week. It was a short wave show that even I don't even know if they |
| 1:15.3 | people listen to short wave anymore maybe they do I don't know but at the time |
| 1:19.3 | this this show was on short wave and I did it once a week. |
| 1:24.6 | It was, I think, on a Wednesday night at 8 or 9 o'clock. |
| 1:28.3 | It was the midweek market update, I called it, Wall Street Unspunun and so that's where I started and then I ended up doing |
| 1:36.4 | the the daily radio show was two hours a day and I and I took calls and I have a guest on for a half hour so that |
| 1:45.4 | was you know every day I did that and that was the intro and the reason we brought |
| 1:50.5 | it back is when I started doing these podcasts live with video on |
... |
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