Peter Schiff: Tapering the Taper Talk

I mistakenly said the Fed only lowered interest rates to 1% following the 2008 financial crisis, when it was after the Dot com bubble burst that the Fed stopped at zero. 

1% was the rate that inflated the financial bubble. Rates went to zero for the first time following during the financial crisis.

- Source, Peter Schiff

Peter Schiff: Less Loose Is Not Tight

Fed will talk about tapering until it can use Delta as an excuse not to. Bitcoin is irrelevant to monetary policy. 

Accepting Bitcoin for mortgage payments is a publicity stunt, not a use case. 

Fed uses owner’s equivalent rent data to hide the scarier actual rent data. FDR may have killed the dollar, but Nixon helped bury it.

- Source, Peter Schiff

The Schiff Report: The Day the Dollar Died

Remembering August 15th, 1971, the day Nixon officially closed the gold window, killing all that remained of honest money. 

The gold dollar died and the fiat era was born. The Schiff Gold promotion ends Friday Aug. 20th.

- Source, The Schiff Report

Stimulus Even Harder to Exit Than Afghanistan

Markets spooked by CNBC interview with Boston Fed President. Higher inflation leads to more poverty and a wider wealth gap. 

Food stamps are really money stamps. 

Media campaigns to soften up the public to inflation. Stimulus postponed the pain for some, but it’s about to come due. 

Jerome Powell warns Americans to prepare for a recession. Fed created a dollar crisis in response to the looming financial crisis.

- Source, Peter Schiff

Peter Schiff: Fifty Years of Fiat Failure

Rising costs increasing producer pricing. 

US home prices rising at fastest pace in history while affordability hits record low. 

Trade deficit continues its path higher. Inflation exposed in increased export prices. 

The whole of this tightening cycle will be all talk and no rate hikes. 

Consumer sentiment goes lower as consumer prices go higher. 

Fed in Catch-22 with consumer sentiment. 

We left the gold standard 50 years and may soon leave the dollar standard.

- Source, Peter Schiff

Peter Schiff: Larger Deficits Mean Higher Inflation

Schiff: Let the Free Market Build Back Better

Peter Schiff: Central Banks Have Inflated the Mother of All Bubbles

Jack Dorsey’s Square acquires afterpay in largest corporate takeover in Australian history. 

Activision discriminates against Republicans, not women. 

Black Women’s Equal Pay Day is based on nonsense. 

Gender pay gap in women’s soccer is a result of their own choices.

- Source, Peter Schiff

Peter Schiff: Markets Move on Fantasy, Ignore Reality

• Wall Street trading on “garbage in, garbage out” algorithm. 
• Another month, another record trade deficit. 
• Moratorium on student loan payments extended. 
• Eviction moratorium will send rent prices skyrocketing. 
• Supreme Court says eviction moratorium is unconstitutional; Biden extends it anyway. 
• AOC says we have a supply and demand problem. CNBC baits Lyft CEO for a Bitcoin headline.

- Source, The Schiff Report

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.

- Source, The Schiff Report

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

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