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Markets Are Bracing For the Wrong Impact – Ep 712

Bitcoin and other risky assets being sold off. Investors flee to gold and other safe havens. Fed goes from thinking about thinking about tapering to talking about talking about it. Supply of starter homes at 50 year low. Buying Bitcoin is as risky as it’s ever been.

All Americans Can Celebrate Independence Day – Ep 711

Oil marches toward record highs in Europe. Inflation disguised in new restaurant fees. The Constitution applies to all Americans. Slave trade started and ended in Africa, not the United States. Slavery was outlawed in the US before anywhere else in the world.

Government Protected Monopolies Are the Only Ones to Fear – Ep 709

Facebook anti-trust case thrown out of court. Breaking up monopolies protects the competitors, not the consumers. John D. Rockefeller’s Standard Oil was a perfect model of free market efficiency. Consumers are indirectly price gouged by labor unions. Labor unions destroyed jobs and wages for laborers. Government unions should be illegal.

Everything Is Awesome Because the Fed Says so – Ep 708

Bond market sells off for opposite reason it rallied a week prior. Institutions are not rushing in to buy #Bitcoin. Huge Socialist agenda moving forward using #covid as the excuse. #Biden vows to grow government and use it against entrepreneurs and small business owners. We’ve barely begun to pay the

Political Hypocrisy on Inflation Lets Fed Escape Blame – Ep 707

Fed triples its estimated duration of transitory inflation. Republicans have no credibility to criticize government spending and money printing. Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation. Jerome Powell refuses to acknowledge whether being paid more to not work discourages

Investors Call Bullard Bluff – Ep 706

Markets begin to comprehend the Fed’s powerless against inflation. Oil prices may put the nail in the coffin of transitory inflation. Crypto traders unload their Bitcoin on Microstrategy.
Microstrategy’s diamond hands are made of glass. Barry Silbert hesitates on buying GBTC shares. Tesla’s Bitcoin gamble enters into the red. Government creating

Peter's Blog

Springtime for GameStop

The central idea in the classic Mel Brooks comedy “The Producers” is that unscrupulous Broadway impresarios could succeed fabulously by creating a play so uniquely

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A Black Swan with Teeth

By Peter Schiff For years I have been warning that during the age of permanent stimulus (which began in earnest with the Federal Reserve’s reaction

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