Inflation will destroy the dollar and the economy – Ep 606

Fed changes the rules for inflation target calculations. Markets react to Powell’s announcement. Prices go up when people aren’t working. Majority of middle class will be impoverished Into lower class. Gold’s resistance has become support. What Trump Steaks may teach us about the Trump Economy. Invest like me: RATE

Weak economy enables strong housing market – Ep 605

Good news for Facebook stock is bad news for Main Street. Housing market booms – just like it did before the 2008 crash. Layoffs increasing. Many jobs permanently gone. The voting age should be raised. Happy Birthday Spencer! Follow my son on Twitter @SpencerSchiff David Portnoy bails on Bitcoin and

Main Street’s Pain is Wall Street’s Gain – Ep 604

S&P and Nasdaq close the week with record highs. Apple capitalizes on speculator mania with stock split. Weak economy benefits Wall Street and sedates Main Street. Real estate booming, but mass defaults may be on the horizon. Uber shareholders are being exploited, not the drivers. Republicans have philosophically lost the

Buffett Boosts Gold Back Above $2,000 – Ep 603

S&P recoups COVID losses, closing today on an all-time high. Tesla cruises on stock splits driving into the mother of all short squeezes. Traders will sue Robinhood for their losses. Dollar index gets smoked. Warren Buffett knows the inflation tax is coming and he’s trying to avoid it. Never mind

Buffett Buys Barrick Gold, Sells Banks – Ep 602

Berkshire Hathaway loves gold, bets against the US. Bidders aren’t showing up for 30 year treasury bonds. Food prices soar and this is just the beginning. Fair-weather capitalists claim we’re all socialists now. Socialism is Larry Kudlow’s new credo, now that he works for the government. Warren Buffet is too

Massive shakeout in gold and silver – Ep 601

Gold’s spectacular move down is the sign of a bull market. Paul Krugman admits inflation is driving up gold price. Curing COVID won’t cure the economy. Do-gooders in California will put Uber and Lyft out of business. Donald Trump’s tax cuts will drive up the inflation tax. Joe Biden insults

Cat 2k Hurricane Goldie blows through Comex – Ep 599

Gold breaks a new milestone at $2000. New thousand dollar milestones will start dropping like dominos. GDX makes a new high for the year. Crashing dollar will leave many broke millionaires. Fed codifying commitment to reckless money printing and endless inflation. 16 year olds lip-syncing is not a national

U.S. Treasuries are Junk Bonds – Ep 598

July ends with record monthly closes. Apple becomes world’s most valuable company. Gold settings records. Silver has its best month since 1979. US Dollar has lost better than 99% of its value. Slow orderly decline could turn into rapid disorderly crash. 10 and 30 year Treasury Bonds close with lowest

Peter's Blog

Trump's China Blunder

Trump’s Last Stand

The commentary below is from Peter Schiff, Chief Global Strategist of Euro Pacific Capital, a division of A.G.P. / Alliance Global Partners, a Registered Investment Advisor

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