Wednesday, July 29, 2020

Peter Schiff: Jobs and Stocks Are Nothing to Brag About


Trump disingenuous about job creation. Jobs report should be taken with a grain of salt. The relapse has started. Gold is a coiled spring and the market is primed for a huge move up.

- Source, Peter Schiff

Tuesday, July 21, 2020

Peter Schiff: The V-Shaped Recovery Narrative is Falling Apart


I confused D.C with Puerto Rico when I discussed the number of Representative it would have if it became a state. It would only have one Representative. 

It's Puerto Rico that would have five. As I predicted, US stock market continued to be under pressure throughout the week. Financial stocks lead lower by Goldman Sachs. 

Companies that can’t make money need to go out of business. Betting odds overwhelmingly favor Democrats victory in White House and Senate. House of Representatives pass bill to make Washington D.C. the 51st state. 

When Republicans lose the Senate in November, they may never get it back. Elizabeth Warren has inside track on Secretary of Treasury in Biden cabinet. Euro Pacific funds made up for 5 years of under performance in 6 months.

- Source, the Peter Schiff Show

Monday, July 20, 2020

Peter Schiff: Confiscatory Taxation is Coming


Gold passes $1800 and reaches all time highs in every currency in the world except the US dollar.

China may cut US from trade. China propping up US dollar so US may not be able to buy from anyone soon. 

600 financial firms took forgivable PPP loans. 

Entrepreneurs created the middle class. 

Biden wants equal outcomes, not equal treatment. 

Estate Tax is unconstitutional . Big tax hikes are coming.

- Source, the Peter Schiff Show

Tuesday, July 7, 2020

Peter Schiff: Fed buying junk bonds to reward speculators


Powell testifies in front of the Senate. Fed beholden to Wall Street speculators. We are the future generation that has to pay for the Fed’s profligacy. 

We’re in the lull before the storm. Dollar crash looming. I touched the third rail and the mob has come to get me fired. The bar has been lowered, letting real racists off the hook.

Friday, July 3, 2020

Peter Schiff: During bad times, a good Fed Chair is not popular


Strong signs we’ve exhausted this bear market rally. Dollar and Bitcoin bottoms ready to drop from under them. Real estate sales masking underlying weakness in market.

- Source, Peter Schiff