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Tag Archives: Peter’s Podcast

Peter Schiff: Biden and Yellen Want to Lead the World to Less Freedom

Janet Yellen gave her first speech as Treasury secretary this week and called on the world to adopt a global minimum corporate tax. Peter Schiff talked about it during a recent podcast. He said He said Yellen’s message to the world reflects a major shift. America once led the world toward freedom. Now the goal seems to be to lead the world to less freedom.Yellen bemoaned a “30-year race to the bottom” as countries have slashed corporate taxes in order to attack multinational businesses....

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Peter Schiff: This Jobs Report Does Not Reflect “Job Creation”

The economy is recovering quickly! Just look at the rebounding jobs market. But in a recent podcast, Peter Schiff poured cold water on the notion that falling unemployment is necessarily a sign of an impending economic boom. After all, people going back to work do not reflect actual job creation.The March jobs report came in better than expected. According to Labor Department numbers, nonfarm payrolls rose by 916,000 last month, and the unemployment rate declined to 6%. But even within...

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Peter Schiff: Biden Infrastructure Plan Will Weaken the Economy and Destroy Opportunity

Joe Biden unveiled details of his $2 trillion-plus infrastructure plan complete with tax hikes. The claim is that this is going to strengthen the economy and create opportunity. Peter broke down the spending plan in his podcast and said it will do the exact opposite. It’s going to weaken the economy and destroy opportunity.The tax hikes primarily target corporations, along with people who earn over $400,000 per year, but Biden said they weren’t meant to punish people. They are intended to...

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Peter Schiff: The Box That the Federal Reserve Is In

Jerome Powell and Janet Yellen testified jointly before the US Senate last week. Inflation was a big topic of conversation. The Fed chair continued to insist that the central can fight inflation if necessary, but that it really isn’t a problem we need to worry about right now. In his podcast, Peter Schiff said the truth is inflation is a problem. And when it comes to dealing with that problem, the Fed is in a box. It will never pick a fight that it can’t win.The Federal Reserve balance...

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Peter Schiff: When Paul Krugman Talks, Nobody Should Listen

The latest Biden/Democrat stimulus bill is just the beginning. There is more government spending coming down the pike. That means more money printing. But Paul Krugman says not to worry. It didn’t cause a big jump in CPI last time and it won’t this time either. Peter Schiff talked about it in his podcast. He said when Krugman talks – nobody should listen.With the ink barely dry on a $1.9 trillion stimulus bill, reports are circulating that the Biden administration is about to unveil...

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The Fed’s Game of Chicken

The Federal Reserve wrapped up its March FOMC meeting yesterday. As expected, there were no policy changes. Interest rates remain at zero. Quantitative easing carries on as it has been. Peter talked about the Fed meeting and Fed Chair Jerome Powell’s messaging in his podcast. He said the Fed is playing a game of chicken with interest rates and inflation.While the Fed remained dovish in its policy, the FOMC did up its growth outlook and sang a much more optimistic tune about an economic...

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Peter Schiff: We’re Adrift in a Sea of Inflation

We’ve gotten quite a bit of economic data this week. Federal Reserve Chairman Jerome Powell insists inflation is anchored at 2%. But his assurances notwithstanding, a lot of the data signals inflation. In his podcast, Peter went over some of the numbers and concluded that inflation isn’t anchored at all. It’s anchors aweigh. We are adrift in a sea of inflation.Bond yields have continued to tick up this week. In fact, the yield on the 10-year Treasury topped 1.65% early Wednesday, hitting...

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Peter Schiff: The Fed Between a Rock and a Hard Place

The markets seem to think the Fed is going to fight inflation. They believe that the central bank will pivot to tighter monetary policy sooner than expected as inflation heats up, even though Jerome Powell keeps insisting inflation isn’t really a problem. In a recent podcast, Peter Schiff said that the truth is the Fed is between a rock and a hard place. It couldn’t fight inflation even if it wanted to. Doing so would kill the economy. The only other choice is to surrender to...

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Peter Schiff: This Was Not a Strong Jobs Report

The Labor Department released its February jobs numbers on Friday. The numbers were better than expected and the official unemployment rate ticked down. The mainstream spun it as more good news and another sign that the economy is on the upswing. But in his podcast, Peter Schiff broke down the numbers and came to a completely different conclusion  – this was not a strong jobs report.The consensus expectation was for a gain of 175,000 jobs. The actual numbers beat expectations, coming in...

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Peter Schiff: Reserve Bank of Australia Does the Fed’s Dirty Work

On Monday, the Reserve Bank of Australia announced plans to dramatically increase its quantitative easing program. Was this an Aussie canary in the coal mine foreshadowing what’s coming down the pike from the Federal Reserve? Peter Schiff talked about the RBA’s move in his podcast. He said, for now, the Australian central bank is doing the Fed’s dirty work.The Reserve Bank of Australia doubled its QE program, expanding it by a further A$100 billion ($76.2 billion). RBA Governor Philip...

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