🔴 Fed Fakes Inflation Fight as Pretext for Future Cuts - Ep 965
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America is presently besieged by the hydra-headed evil combo of inflation and recession. The worst aspect about this crisis is that consumers are piling up credit card debt. Credit card debt increased by 20% in April alone, while interest rates have doubled in a year. Inflation is so severe that customers are essentially going into debt to buy basic essentials. The collapse has certainly begun.
Every day, we face a new challenge. It has become the new normal. We felt it was a catastrophe at first, but now we know it's a new normal to which we must adjust. This year will be a year of great economic suffering across the country. What initiatives can we take to earn additional revenue during the period of quantitative adjustment? I can't afford for my hard-earned $200k to fall to dust.
More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
Annette Marie Holt'' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in 2024 with the markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy and hold''. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
This is striking! could you share info of your advisor, please? i'm in dire need of asset allocation and standing at a crossroads, whether to sell-off or keep holding my positions, my portfolio is retrogressing bad as of late
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
48:32 "He's gonna have to back up the truck, if he can even afford to borrow the money to get the truck"
Never change Peter
On 2019 when I refinanced my house mortgage I pulled out $60k and bought CEF at that time, and it was a fine investment.
Classic Schiff 😂
Reminds me of classic Peter: "Talk about closing the barn doors after the horses have run away. You can't even see the horses anymore." ;-0
Or, "If you are invested in Carnival, you're sinking like the Titanic."
how does anyone unirnoically follow this derranged clown? he keeps showing time and time againt he doesnt know basic things about topics hes suppose dto be an expert at
even on that tirade... whats he talking about "affording to borrow"... as if microstrategy arent at this point unbelieveably huge into profit, and not on the doorstep of bankruptcy, as he apparently wants to believe...
You didn't talk about the most important story: Saudi Arabia ending the petrodollar agreement.
Inconvenient truth
they have been doing that for a long time
It officially lapsed just recently.
He didn't!?!
Apparently there was never any agreement. But if dollars aren’t being used for something important like oil we’ve got problems
Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Sandy Barclays I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
Sandy Barclays program is widely available online..
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Saudi Arabia just ended the petrodollar, why aren’t you talking about this.
I read one article about that, but didn't really find any other confirmation. So I'm not really sure what happened.
US probably made Saudi sign an NDA👀
@@peterschiff
I doubt they ended the Petro dollar.
Rather they may have indicated they are willing to accept payment (partially) in other currencies as well.
Pretty sure the majority of payments they will demand will continue to be dollar denominated.
But that's just my guess.
People meanwhile have jumped to the conclusion they are refusing dollar payments altogether.
@@user-lb8bg6kj9m Fed has a choice.. save the currency or the bond market.
They are doing the exact same thing up here in Canada : ignoring inflation to cut interest rates.
The inflation will only increase as interest rates are forced lower and fiat finance and debts increase to the moon.
And in the Euro area !!
Canada is a garbage banana republic that is a socio-communist country full of sheep cowards.
more like lying about inflation.
It sure as hell is higher than 3% they claim.
Will you publish a podcast on the end of the Petrodollar?
Yes, great idea / topic
Yes please.. many think it's already happened .. new kids on the block Russia China Iraq .. BRICS .. take COVID boosters their safe..
.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Nicole Miller.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
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And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.
Well with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan tax strategies accordingly.
Sincerely No doubt being financially free and not having to worry much about news like these cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Indeed but the problem is that most don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high in these challenging conditions.
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery
US loses petrodollar status 😳
And then …those who saved the US dollar are screwed! Buy silver or gold
Peter, why are we commenting on fake numbers. I bought 2 Mcdonalds Hamburgers today. $4.29. That's freaking 100 percent increase in 4 years.
Thats around 19% to 20% a year... Seems about right.
Which menu items did you buy. That's what we all want to know.
Because the fed has resorted to complete lies and deception. The crash that’s coming is going to be epic.
4 bucks for 2 hamburgers!? do you live in greece?
Do not buy MacD, it is not good for you.
Real estate convention in the middle of the ocean 😂
Great information as always Peter, thank you.
I hear Peter saying exactly the same outcome is just around the corner, for the past decade
Just remember how manipulated the CPI and PPI really are. That’s the most important piece here
It really shows how emotionally driven the markets are and completely disconnected from reality.
If you have the same politicians as we do in France than no wonder they don't know how much REAL inflation is. Here they don't know how much a "baguette" costs if a journalist asks them the question. I have yet to hear a politician saying he knows.
Saylor will borrow dollars until the dollar doesn't exist. It's called a reverse Ponzi.
We need a deflationary collapse to lower general prices......
I really appreciate your analysis Peter. You are the one and only true Contrarian out there and I love it.
You might like maneco64 - of course he's not such a fantastic communicator as Peter Schiff, but then who is?
Thank you very much...
Another informative video!
I am very thankful for your podcast Peter! Bought more silver this week through Schiff Gold. I’d would love to hear your mining stock picks ! I was able to talk to your colleague Adrian Day on Tuesday on a zoom call ! What a great guy and a wealth of knowledge. Thank you again for your time and educating me. 🙏🙏🙏
Love the info
grateful
Excellent Peter thxu 👍
Thanks, Peter.
Thanks
Have fun on the ship!
"Thanks!" - Peter
Thanks Mr Schiff. Very informative.
You’re the best professor. I’m listening you since 4-5 years, thank you to make me understand what’s happening. 🏆
Hope you didnt listen to him blindly and bought some BTC instead :-)
@@simrans3675
Bitcoin has the same intrinsic value as the dollar (or any other fiat currency).
Hope you're smart enough to sell before people realize it's completely worthless@@simrans3675
Thank you always getting down to the reality of the finance and the economics Peter, I can always trust you to go in depth with the numbers and also the sentiment. Instead of all the other noise and none sense that so often permeates through the financial news media
So who the hell is lending Saylor 500 million? That’s what I’d like to know
how does anyone unirnoically follow this derranged clown? he keeps showing time and time againt he doesnt know basic things about topics hes suppose dto be an expert at
even on that tirade... whats he talking about "affording to borrow"... as if microstrategy arent at this point unbelieveably huge into profit, and not on the doorstep of bankruptcy, as he apparently wants to believe...
umm, how about anyone?? why are you evenb acting as if hes in any imagineable risk of defaulting on the loans? you peeople are just strange
@@wasdwasdedsf not anyone! no bank in their right mind would
TY Peter!
merci pour toute votre effort et commitment😍
Quote of the video: "Bitcoin ETFs are like a roach motel."
how did that "its going to be a disaster... sell the news" work out for the bot? about 50% up since the "sell the news" news hppened
@@wasdwasdedsfWhy are you here listening to his podcast then? Just hate watching?
You are the voice of reason.....Respect
😢 Why can't we get back to our regular schedule for the podcast?
Each time a country abandons the dollar, the dollar rocket launches even HIGHER! And commodity prices get even weaker.
So, we'll all be the richest people in the history of civilisation once we have all dollars back here in the states? Okay.
Good job Peter!
Thank you Peter! It would be nice to your thoughts about the petro us dollar, since its expiration .
yep
Thank You Peter. Your Fools Gold comments about BTC are so true. This was a great week for Gold, and some stabilization in Silver. I believe we are now living through the early phase of an Austrian crack-up boom.
The best comeback for the Bitcoin fools is....... "Central banks are loading up on Gold not Bitcoin"
how does anyone unirnoically follow this derranged clown? he keeps showing time and time againt he doesnt know basic things about topics hes suppose dto be an expert at
even on that tirade... whats he talking about "affording to borrow"... as if microstrategy arent at this point unbelieveably huge into profit, and not on the doorstep of bankruptcy, as he apparently wants to believe...
@@peterburns1004 Yup. Controlled by whales who are soldiers for the WEF and the deep state. It will be a blood bath.
Fed doing a pump fake......made ya look. lol :) Great video..keep rockin.
It makes no difference if the fed lowers or raises the interest rates .Government spending will increase the debt and destroy the dollar.
Tlt bond ETF is also going up this week
yeah give us an update on the petrodollar!
GROY TMC and AG 🚀🚀🚀🚀
NEM , watched it today friday it was as high 41.08 gravitated there than slowly the sellers dumped shares down to 40.62 i jumped on board now it closed at 40.82 👍
Good
Gold up $30 yesterday yet miners barely moved hmmmmmmmmm
Miners already moved 50% from recent lows
Maybe gold will hit $3,000 by end of year like Marc Faber implied the other day due to out of control DC spending.
The immediate change in price of gold in my opinion wouldn’t make the difference in the mining stocks, unless the general public starts taking notice and increase trading volume. Just wait until the earning reports are released, which should attract investors.
Gold and Silver are still working lower. I am short term bearish.
Peter the 🐐 of economics
Excellent podcast!!!
Peter, I hope you do know that the Masterclass instructor for Economics is Paul Krugman… lol
So when will quantitative easing going to start or 0 interest rates ?
Peter makes me 😂!
Indeed is hiring!?
Inflation is going down as long as you leave out surging item like coffee and chocolate not to mention housing and energy prices.
This country is a pure joke
Fyi, Paul Krugman teaches the MasterClass on economics… I have a feeling Schiff’s regular listeners won’t be making use of that.
Peter any thoughts on platinum as an investment long term. I've never actually hear you talking about pgm metals. It looks like a decent play but market is so small.
Probably because his company doesn't sell platinum.
Mining stocks are the pain trade in 2024
Peter, your logic and explanations make perfect sense. How does the average investor not get this?
They took the blue pill and live in the matrix
👏👏👏
The Ralph Kramden tap dance.
I've enjoyed your take on the economy for quite awhile,and I firmly believe you could be pinned against anyone in the world and prevail.power on Peter!!!
Yes, because Peter is right.
Peter is always right.
When Peter is in one of his '2.3 rather than 2.4' moods he tends to lose me. 😂
That’s right. The Fed can base an interest-rate cut on “trajectory” towards 2% inflation; or, on “confidence” that lower inflation is achievable
I’m still waiting for the catastrophic meltdown. Like around 5 years.
What does bank Bail-in mean for me (retirees) like me ?
Question, have they changed the criteria to benefit government statistics, we know the answer, how long does it take for the general population to wake up. Unfortunately tooooooo long.
22:17 "wait cuts" not rate cuts. Your Freudian slip just nicknamed it.
Canada and ECB are cutting rates. Doesn't that cause the dollar to strengthen?
Make no mistake,if he cuts rates now or later inflation will continue inflation never stops rising...
Oil is no longer traded in US dollars as of June 2024. We are in deep trouble soon.
I’m scared Peter
It's simple. If the stocks don't drop 10% or more... no rate cuts!
My belief is that we are more likely to see deflation in the short term not higher inflation or re-inflation. Not disinflation like the Fed or markets are hoping for either.
me too disinflationaryreinflationaldeflation😊
The gold price will depend more on geopolitical risk that US inflation.
Why can’t we all just get along
There is also a ton of leverage in the shadow financing system that is not getting measured. Take for example the synthetic risk transfer of loans that banks are doing to ease capital, they are levering up the junior tranches and then investors are levering on that.
Realllly?
Yo entiendo y aprendo mucho mirando tu canal. Gracias por compartir tu gran experiencia y conosimientos.
9 dollars a month?! That's 80% inflation!
The ship may have starlink!
Please keep your information coming your one the few I really trust you are so wise
RE: Michael Saylor buying all the way down. What came to mind was the debate scene from the Big Short where the guy says that Bear Sterns was a good buy... and a lower price would make it a better buy.
🤣😂😅
The real cost of borrowing is still close to zero. If this is a "restrictive" policy, as the Fed asserts, what will happen when they lower rates?
They are talking about cutting rates. They are not even close to 2%
this theme.. how can infliation fight be pretext when infliation fight is the reason rates are like this
Because inflation is not slowing, the Fed cannot base a rate “cut” on trajectory. I don’t see how a cut can occur in 2024 (unless for political purposes)
First thing I saw after I ate a huge pizza I saw my 😢property tax bill it went up from 7,000 to 8500 !you warned us now it’s hitting the fan inflation is roaring it’s at least 20 % we are close to hyper inflation prices are going up every week now 100$ got me a chicken and a salad wtf Peter was right and his promise is just around the corner 😢😢😊😮
this bizarre post made me laugh -- thanks
The Bitcoin price is based on who purchased it at that time. I could buy $5 worth of Bitcoin for $1 million dollars. I think people buy tiny bits of Bitcoin high and prop it up.
I wish I bet on bit coin back when Max Kiser was saying to buy it ,
AI tulips...
Anyone buying Tlt?
According to the government, food inflation is 2%. Do they mean monthly?
Yeah pretty much that's how they like to twist the figures and play games by reframing the narrative. They play semantic games to get those numbers.
What about the PETRODOLLAR ??
🧠👍