Saturday, July 31, 2021

Peter Schiff: COVID Isn't the Reason Markets Got Sick


Bitcoin gets skipped over in investors’ rush to safe havens. 

Gold mining stocks have never been a better deal. 

Fiscal stimulus without monetary stimulus is no longer possible. 

Bitcoin has a sucker’s rally after getting comfortable below $30k.

Tuesday, July 27, 2021

Schiff: PBS Frontline Misses the Fed's Real Power to Destroy


The power to inflate is the power to destroy. 

Fed ensures most Americans are living on the edge. 

Quantitative Easing is just another word for government debt monetization. 

We’re always just one bubble away from the next financial crisis.

Government creates a moral hazard with every subsidy it gets involved in. 

Power is most dangerous when it’s not understood by those wielding it.

- Source, Peter Schiff

Friday, July 23, 2021

Peter Schiff: Fed Bets the Farm on Transitory Inflation


Government data says inflation worse than the 80s; real data says inflation already worse than the 70s. 

Hypocritical Republicans criticize Biden for the same policies they pushed for under Trump. 

Jerome Powell claims economy is great, but it needs the same amount of stimulus as when it was crashing. 

Fed claims to have the tools to fight inflation if it gets too high, but not using them now proves they don’t. 

Powell admits people aren’t working because they’re being paid not to.

- Source, Peter Schiff

Wednesday, July 14, 2021

Peter Schiff: Everything Is Awesome Because the Fed Says So


Bond market sells off for opposite reason it rallied a week prior. Institutions are not rushing in to buy Bitcoin. 

Huge Socialist agenda moving forward using covid as the excuse. 

Biden vows to grow government and use it against entrepreneurs and small business owners. 

We’ve barely begun to pay the piper for all the inflation the Fed has created.

Friday, July 9, 2021

Political Hypocrisy on Inflation Lets Fed Escape Blame


Fed triples its estimated duration of transitory inflation. 

Republicans have no credibility to criticize government spending and money printing. 

Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation. 

Jerome Powell refuses to acknowledge whether being paid more to not work discourages employment.

- Source, Peter Schiff

Sunday, July 4, 2021

Peter Schiff: Investors Call Bullard Bluff


Markets begin to comprehend the Fed’s powerless against inflation. Oil prices may put the nail in the coffin of transitory inflation. 
Crypto traders unload their Bitcoin on Microstrategy.
Microstrategy’s diamond hands are made of glass.

- Source, Peter Schiff