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Tag Archives: Videos

Transitory Inflation Turning Into an Inflationary Spiral

Consumer prices have been rising precipitously this year. If you annualize the Consumer Price Index through the first five months of 2021, you get a CPI increase of over 6%. Federal Reserve Chairman Jerome Powell continues to push the narrative that inflation is transitory, but not everybody buys into this storyline. On the Wolf Street Report, Financial Analyst Wolf Richter said Powell’s temporary inflation is turning into an “inflation spiral.” Richter said some measure of inflation will...

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Janet Yellen Thinks a Little Inflation Is a Good Thing

Treasury Secretary Janet Yellen has conceded that we may well get more inflation than originally expected with all of this government stimulus. But she said if we do end up with higher inflation and higher interest rates, it’s a good thing. It will be good for society, and it will be good for the Federal Reserve.Peter Schiff talked about it in this clip from a recent podcast.Yellen said inflation will eventually necessitate higher interest rates. “If we ended up with a slightly higher...

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Peter Schiff: The Government Doesn’t Actually Budget

President Biden has proposed a borrow and spend “to infinity and beyond” budget featuring $6 trillion in government spending. That’s the largest amount of spending ever proposed in a presidential budget. In the following podcast clip, Peter Schiff argues it’s not accurate to call it a “budget.” The federal government has given up on actual budgeting.Keep in mind that all government spending ultimately equals taxation.If the government is going to spend $6 trillion, it needs to deprive the...

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Peter Schiff Gold Videocast: The Lull Before the Storm

Over the last several months, gold and silver have faced strong tailwinds due to market expectations that the Fed would tighten monetary policy sooner rather than later to fight price inflation. But after April’s hotter than expected CPI, that sentiment seems to have shifted and the markets are acting the way you would expect in an inflationary environment. Gold and silver have rallied and the dollar has shown weakness. In fact, gold pushed above the $1,900 an ounce level.In this Gold...

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Peter Schiff: Politicians Are Nothing But Actors

When Peter Schiff appeared on Joe Rogan’s show, he made the case that the Federal Reserve and Congress are the real problems facing America. The central bank and the federal government cripple the economy, destroy opportunity, and generally make life more difficult for the average American. But why? Why would people who claim to be “public servants” harm the very people they supposedly represent? Peter explains in this clip from the interview.Rogan asked what...

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Peter Schiff: CPI Is a Lie!

We’ve been talking a lot about the specter of inflation. Despite the Fed’s assurances not to worry because any price increases we’re seeing are transitory, some people are indeed worried. A former JP Morgan managing director warned about inflation and echoed Peter Schiff’s view that the central bank is powerless to fight it.And we’re seeing rising prices all over the place, from the grocery store to the gas station. Even the government numbers flash warning signs. But as Peter Schiff...

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Peter Schiff: The Federal Reserve Is Basically Just a Big PR Firm

Most people view the Federal Reserve as an important policying-making body driving the economy. But in this clip from an interview with Jay Matin at Cambridge House, Peter Schiff says the Fed’s primary role is that of a marketing firm selling the populace on bad economics and trying to convince everybody that everything is great.Peter said he thinks a large part of the Fed’s job today is public relations and spin.To try to create a false sense of confidence in the US economy and the US...

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Peter Schiff: America’s Consumption Economy Is a Bubble Economy

America has turned into a consumption economy. The problem is, economies can’t run on consumption. Peter Schiff explains in this clip from a recent interview.Consumption economies are bubble economies.”A vibrant, healthy economy needs production.Because you cannot consume what is not first produced. Since our economy is so weak and we’re unable to produce the things that we’re consuming, America relies on strong international economies that are able to produce what we consume.”[embedded...

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Peter Schiff: Has Ben Bernanke Ever Told the Truth?

Ben Bernanke served as the chairman of the Federal Reserve from 2006 to 2014. He famously told Congress the Fed was absolutely not monetizing the debt in 2008. He said the difference between debt monetization and the Fed’s policy was that the central bank was not providing a permanent source of financing. He said the Treasurys would only remain on the Fed’s balance sheet temporarily. He was obviously wildly mistaken or outright lying.In this clip from his podcast, Peter Schiff wonders out...

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Peter Schiff: The One Promise the Fed Is Going to Keep

Since the beginning of the pandemic, government debt and money printing are off the chart. This is creating inflationary pressure. Prices are on the rise. And this is by design. In fact, the Fed has been promising more inflation for years. As Peter Schiff explains, it looks like this is one promise the Fed is going to keep. The US government blew up the national debt by over $5 trillion in just 18 months. To support all of his borrowing and spending, the Fed turned the printing press up...

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