🔴 Bank of Japan Rescues the Markets ... For Now - Ep 973

Peter returns to his Puerto Rico studio after an extended vacation. He discusses recent market volatility, including movements in stocks, Japan’s market crash, and cryptocurrency fluctuations.

Peter critiques the Fed's decision not to cut rates, arguing that delaying cuts only worsens economic pain. He predicts future rate cuts and quantitative easing, and shares insights on gold and mining stock investments.

Additionally, Peter analyzes the political landscape, focusing on Kamala Harris's VP pick, and criticizes new UK laws limiting free speech. Peter also advocates for tax reforms and spending cuts to address the deficits.




Timestamps:
00:00 Introduction and Studio Update
01:08 Market Volatility and Fed's Response
03:03 Global Market Reactions
07:39 Cryptocurrency Crash
08:49 Market Recovery and Predictions
18:29 Bank of Japan's Influence
23:59 Gold and Silver Investment Opportunities
28:36 Political Landscape and Election Insights
31:13 Loyalty of Jewish Voters to the Democratic Party
32:47 Trump's Tax Proposals: No Taxes on Tips
34:54 Debate on Minimum Wage and Tips
37:00 Social Security Taxation Issues
43:01 UK's Crackdown on Free Speech
45:35 The Importance of Free Speech
50:53 Government Corruption and Free Speech
58:16 Conclusion and Final Thoughts

#bank #japan #bitcoin

[seesidesummerhouse]

Peter, if you need a new sound guy, you need Indeed.

[Robert-bvkq]

Love your honesty Peter. Stay with the truth.

[tonysilke]

The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point.

[JessyWebb-ks]

A message from the UK to the USA please be careful who you vote for in November. We can’t fight back as we risk being arrested

[brutussmithers]

Excellent points on free speech, Peter. There’s good reason why the founding fathers made it the first amendment.

[todd]

The reason why everyone feels like we are in a recession is because we are in a depression. We've been in a depression since 2007. Look at the GDP numbers.

[jamesanderton]

Peter, I am from the uk. It's getting really bad here as we're going from mild socialism to far left woke socialism/communism. If Farage doesn't win in 2029, I will take my family somewhere that believes in libertarianism if such a place even exists.

[nyleslehnen]

If you can’t hold it you don’t own it/ when it comes to gold and silver …

[Barr]

Once they complete their massive rate cuts in September and onwards, six months later, that’s when the big bubble finally collapses.

[shieldwolfminiatures]

One of your best podcasts ever. Thank you Mr. Schiff.

[UPdan]

Looking at the speed of the layoffs, firings, store closings, factory closings, bubble of everything still inflated in the opposition direction, markets have no real support other than lip service and plunge protection teams.

[PaulbylPaulbyl]

I am in favor of content like the last third of this video. Your commentary is factual, logical reasonable. More please.

[oscarellis]

I'd promote Peter Shift as my VP, we'd be the most balanced book nation in the World😅

[sabyasachister]

Wonderful outlook on suppression of speech. Thanks Peter.

[morrisonmeister]

Apparently those who can afford to leave the UK have done so and are doing so in significant numbers,
Some people feel the UK Government wants as many overseas workers as possible in the country on working visas, as this group of workers is unable or less likely to go on strike, protest or hold the government fully accountable.

[anthonyz]

Don't believe the polls or the media just go vote. Remember in 2016, Clinton had a 90% chance of winning in the betting market. Also Minnesota is closer than you think, so just go vote.

[JeremyWine-gcke]

Now that I listened to the rest of the podcast I am even more enthused. Thanks man! Your putting it on the line and it is refreshing. Things are going to get tougher now but its worth it!

[Jalleur]

Peter you are spot on about social security. Just an example of how absurd it is, a cousin of my father's had about 1m in assets (2 properties and money in the stock market). She had a stroke and was given free NHS round the clock care. She still got her old age pension, and even more absurd, she got a 'winter fuel allowance ' of £400 when she was in a hospital! Anyway, my father was managing her affairs while she was there and contacted the government to say "this person doesn't need their payment, they are long term ill". The government responded saying "she's entitled to it anyway"... So another example of young people slaving away for irresponsible spending. Here in the UK the other travesty is the "triple lock" on pensions which has meant that pensions went up 60% over the last 14 years, while salaries only 40% (and much of that latter figure has only been that high since the labour squeeze post COVID).

[snillocluap]

Peter,
I would have liked you to talk more about the Yen carry trade and its impact on markets.
Basically, with expectation of higher interest rates at home in Japan the Japanese consumer and their major funds brought the Yen home. One of their favourite Yen carry trades is the Aussie dollar and that led to $A dropping from 110 to circa 90 against the Yen and only stabilised after the Japanese Fed announcement of no more increases.
Maybe you could talk more about the Yen carry trade next time.

[joegage]

Hi Peter, not a single word about the yen carry trade what seemed to be the reason of last week’s market crash?