🔴 The Fed Can’t Save the Market or the Economy - Ep 1016

Peter discusses market drops, tariffs, AI and crypto trends, and recommends considering gold stocks and foreign markets over U.S. due to changing economic conditions.

In this episode of The Peter Schiff Show, Peter discusses his perspective on recent market volatility, the implications of tariff changes announced by Trump, and the ongoing shifts in key financial assets. He highlights significant market drops, including a thousand-point dip in the Dow and a 30% decline in Bitcoin since late January. Peter sheds light on the potential 30-day ceasefire between Russia and Ukraine and shares his concerns about the Trump administration's economic policies, particularly regarding tariffs on Canadian aluminum and steel. He criticizes the government's regulatory bodies and outlines the impact of weakening US dollar on global investments. Additionally, Peter emphasizes the importance of gold stocks as a hedge and predicts continued outperformance of foreign markets and commodities.

Chapters:
00:00 Introduction and Market Overview
02:14 Stock Market Analysis
03:18 Impact of Tariffs and Trade Policies
05:58 Cryptocurrency and Bitcoin Trends
09:40 Gold and Foreign Markets
20:12 Commercial Break
21:35 Japanese Rate Hike and Global Impact
31:35 Impact of Closing the US-Canada Border
32:56 Canada's Alternative Markets
33:37 American Consumers and Tariffs
33:58 Personal Anecdote: Football Manufacturing
35:46 Challenges of Rebuilding American Manufacturing
37:07 Critique of Government Spending and Regulation
39:38 The Role of the SEC and Financial Regulation
43:12 Historical Perspective on Market Crashes
50:04 The Future of the US Economy
56:27 Investment Advice and Conclusion

#stockmarket #cryptocurrency #inflation

[Howardfreeman]

Insightful as always! Many investors wonder if now is the right time to enter the market, but the truth is—timing the market is less important than understanding it. Strategic trading goes beyond just holding; it’s about leveraging market trends and making informed decisions. Thanks to Michele Braid, reliable trading signals, and continuous learning, I’ve been able to navigate the volatility and grow my portfolio comfortably into 6figures. Here’s to making smart moves and embracing the journey ahead!

[blackbeardgoatjr]

Peter Schiff will go down as the greatest economist in the 21st century

[newworldforward]

Massie is the closest we get to an honest politician. We certainly need more Massies..

[ericsRANDOMclips]

Those glasses need some yellow tint papi

[bryang]

Peter is at the VERY top of my Trusted experts list

[john-vvln]

isn't what trump is doing by cutting gov fat what you have been saying someone has to do instead of kicking the can down the road and that short term pain is what needs to happen because long term can kicking will be way worse down the road?

[rickkemp]

Should've worn your Miami Vice Ray Bans.

[rbmh]

The eye glasses look fine, Peter Schiff is a very handsome and good looking man.

[jonlbdg]

Comparative advantage Peter. You don’t have to eliminate cheap imports; the U.S. needs to focus on the high tech, semiconductors, AI/ infrastructure, pharmaceutical supply chains, EV, defense industry, etc so we produce high paying American manufacturing jobs … this is one of the concepts of comparative advantage and leverages American innovation …

[miamigt]

I’ve built 2 manufacturing brands in my career since 1989. My companies have US-sourced components as well as from China, Taiwan, Indonesia, Vietnam, Israel, Canada and South Korea. I hold 4 patents and have sold $160M of my products over that time. The problem with US manufacturing is so great that even 500% tariffs won’t make us competitive. It’s a systemic problem that has a lot to do with the type of workforce you attract in the under $30/hour job market. Other countries have tens of millions of workers who will actually show up, not high, not drunk, and willing to sit and do repetitive work all day/every day. We don’t have that in our blue collar workforce. At least not enough of it. This isn’t something that a government can control. It’s a work culture issue. Even if you built the best factory in the world, you’d still have a tough time stocking enough effective, capable labor to fill the assembly positions. Don’t believe the mantra that “the US has the most productive work force”. That’s another way of saying “we’re tired of acting like babysitters for our manufacturing workers so we’re automating our way out of dealing with them”. Yeah, this is a major problem. We have no shortage of people to serve cocktails, deliver food and Amazon packages or drive for Uber. But we do have a shortage of people who make less than $30/hour who are capable/interested in work of a technical nature. In addition, foreign companies run much more efficiently than US manufacturers do. There’s quicker responses to issues, emails, concerns, and overall efficiency. US manufacturing is the least efficient of all manufacturing I’ve seen anywhere else in the world except for India. Tariffs are the industry’s way of telling the government “we can’t be competitive by ourselves so we need you to bail us out and tip the scales”. Imagine an Olympic runner who needs the referees to add a 20 pound weight to each of your competitors because you didn’t train hard enough for the games. That’s where we are. People who agree with Trump on this have completely zero experience in global manufacturing, it ain’t gonna work out the way you think it will. Worse, they actually believe that other countries are “treating us unfairly”. What are you smoking? Talk about being clueless to what the problem is. Wasting time on fixes that fix nothing isn’t going to solve the problem. Tariffs are a 1970’s Democrat dream come true. Oh, and when you hear that tariffs are going up by 25% don’t assume that prices go up by 25%. That’s just a baseline, will add a markup to that for handling costs. A 25% increase in tariffs will mean 35%-50% higher prices once it reaches the consumer. And remember the last round of tariffs Trump 1.0 placed on China? Well the Chinese learned that the American consumer could absorb that price hike and their prices never went back down after the tariffs were partially lifted. From 2022-2023 the Chinese raised their prices across the board for plastic injection molded parts, printed circuit boards, ICs, packaging, etc. by around 25%, they knew they could make greater profits from the same goods because higher retail prices in the US didn’t dissuade consumption. The Chinese companies are making out like bandits over these tariffs because they proved the American consumer is willing to absorb higher prices after tariffs subside and even with 25%-50% higher prices, American-manufactured goods are still way more expensive.

[jayprimo]

Schiff went from Wall Street Economist to South American Drug Kingpin with one accessory 😂

[RaylanJacobs]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. With Amelia Toal, my portolio is doing really great and im proud of the decisions i made last year.

[dsvpcfp]

To say Musk is practically running the White House is so far from the truth I question the accuracy of anything else.

[mrjrazzo]

You look like a New York mafia lawyer, consigliere, with those glasses. Good for you. Connected guy!

[derekrupp]

QE Infinity from April 2020 is the greatest podcast Peter has ever done! If you have not seen it give it a listen.

[kurtleimkuehler]

I think we have plenty of pigskin to make footballs

[FlorianBaer]

The Fed must increase the money supply to cut rates, which fuels inflation and pushes bondholders to demand higher yields on long-term bonds raising long-term rates even as the Fed lowers short-term ones. While the Fed understands this trade-off, its priority is short-term economic stability, effectively "kicking the can down the road" at the cost of a deeper downturn later. This appears to be a controlled economic reset, orchestrated as part of a broader financial shift. For me, Bitcoin remains the ultimate hedge against monetary debasement and government overreach. Through active trading, I’ve grown my holdings from 120k to 640k, thanks in part to the expertise of Milton Harper, whose insights have been invaluable in navigating today’s volatile markets.

[tworley]

You sent me to the US Debt Clock Peter. 36.58 T. I noticed that at the bottom they had added a new section. Hidden wealth, Asset-backed dollar. However that assumes that the US government owns all those assets instead of the people who think they own them. How do those assets we are supposed own back up the dollar which we don't? The Federal Reserve owns all the dollars, they are Federal Reserve Notes. They are in fact debit notes and owned by the US government which prints this fiat currency, not the US people. Do we own anything or has the government already confiscated everything to back up the dollar, including our freedom which they've owned since the end of the Civil War?

God Bless Us All

[Mattpein]

I love your perspective and work. Thanks Peter!

[MengerMania]

Thank you for your The U.S. economy remains a global powerhouse, driven by strong consumer spending, technological advancements, and financial resilience, but challenges like inflation, high interest rates, and geopolitical uncertainty persist. While the dollar continues to be a safe haven, de-dollarization trends and global trade shifts are reshaping its dominance. Markets remain volatile as investors react to Federal Reserve policies and economic data, with stocks showing resilience and cryptocurrencies facing regulatory scrutiny. Diversified investment strategies that balance short-term opportunities with long-term stability are crucial in navigating uncertainty. I’ve personally grown my portfolio from 110K to 632K in just a few months, thanks to Milton Harper’s expert guidance, whose strategic insights have been invaluable in this evolving financial landscape.