🔴 The Fed Makes Its Biggest Mistake Yet - Ep 976

Market Turmoil, Political Drama, and Economic Forecasts

Peter delves into a tumultuous week in the markets and politics. He covers key events including Jerome Powell's Jackson Hole speech and its implications for interest rate cuts, the Democratic National Convention, and Robert Kennedy Jr.'s decision to drop out and endorse Donald Trump. Peter argues that the Federal Reserve is pivoting from fighting inflation to addressing rising unemployment, critiques the state of unemployment statistics and job market data, and discusses the potential for a gold price boom amidst a weakening dollar. Additionally, Peter offers in-depth commentary on the flaws in government spending and social security, the misrepresentations in political narratives, and explores future economic outlooks. He closes with a call to invest in gold and gold stocks.

Timestamps:
01:28 Powell's Jackson Hole Speech: A Surrender
02:34 Fed's Rate Cuts and Market Reactions
04:47 Unemployment and Job Market Realities
09:52 Gold Prices and Dollar Weakness
25:09 Political Commentary: Democratic National Convention
30:52 Media's Misrepresentation of Trump
31:37 Social Security and Government Spending
33:00 Tariffs and Tax Policies
35:43 Debunking Myths About Public Schools
42:21 Kennedy's Defection and Political Dynasties
50:20 Free Market Solutions and Government Overreach
52:31 Upcoming Events and Investment Advice
55:59 END

[darnellcapriccioso]

It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

[CadeCowell-ftfe]

We have a lot of questions! Could the rate cut result in inflation? I'm concerned about my $1 million stock portfolio potentially losing value. What strategies should I consider for my portfolio at this moment?

[Mathew-zsnz]

The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?

[PapiChulo-ts]

My wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. Do i move to 100% cash? What strategies should I be employing in my portfolio right now?

[xavier_lucas]

If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table

[jameswood]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[johnjames]

3% my huwite ass.
I found a $125 grocery receipt from 2021, i went to Walmart and bought the exact same items, it was $325, thats closer to 250% .

[FeleciaMalango]

Rate cuts by the feds can lead to lower returns on traditional savings and investments, often fueling inflation and eroding purchasing power. In such an environment, cryptocurrency can be a strong defense. Unlike fiat currencies, many cryptos have limited supply, making them less susceptible to inflation. As rate cuts drive investors to seek alternative stores of value, crypto’s decentralized nature and potential for growth make it an attractive option to preserve wealth and hedge against the negative effects of monetary policy. Thanks to Loraine Souvenir program, i've grasped trading concepts, boosting my earnings through her daily insights.

[ominekq]

For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time

[mth]

We are living in the Golden Age
of Peter Schiff.
DOOMERS UNITE !!

[Will-No-Co]

That revision was leaked. They had no choice but to own it.

[TwinBeavers]

You called it all along Peter!!! Youre NUMBER ONE!!!! Stay Healthy! We need you!!!

[webcomber]

LOVE THE PETER SCHIFF SHOW!!! PETER WAS THE FIRST TO CALL OUT THE BITCOIN SCAM OVER A DECADE AGO!!!!

[redherring]

You’re a gem Peter. Im 24 years old and you’re opening my eyes to what America is supposed to be as a free nation of capitalism. Im wondering if there are any other sources of information you can guide me to that speak a similar truth to yourself. Thanks Peter.

[BenHeckHacks]

Hey Jerome. Please tell our insurance companies that inflation is down to "2.9%" - apparently they haven't gotten the message.

[wcbgthz]

What am I doing with my social security check? Buying silver and gold with it.

[Russsir]

We are living inside the movie "Idiocracy"

[austinbar]

The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?

[BluRide]

If only more people would listen to Peter

[Numberboyz]

I think it’s worse then 818, 000 jobs revised.