🔴 Fed Money Magicians Running Out of Rabbits - Ep 917
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- čas přidán 7. 09. 2023
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I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
there are numerous intriguing stocks across various industries that might catch your attention, but it's not always advisable to act on every prediction. Therefore, I suggest that you work alongside a financial advisor who can help you determine the best times to buy or sell the shares or ETFs that you are interested in.
@@trane85 Your experience sounds fascinating. Would you be able to recommend a reliable advisor whom you have consulted with?
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her I need all the assistance I can get.
Yep, as a business owner I worked on Labor Day and here I am listening to this podcast while I work, after 9 pm on a Friday evening at the office.
Same here....
Thanks for your hard work
Same . One day it will pay out.
You are so right! LOL
Are you in it for the money? Would you have started or ran the business if at the end game it looked like you would make no more wealth then a laborer?
It is amazing how few people understand basic economic principles
Thank you for sharing Peter
We need you back on Rogan, Peter! You are one of the few that truly get it!
It needs to be in a studio, last time they did it over video call was a disaster
I work 7 days a week. I own my own business. I work weekends so I can make payroll and maybe have something after the tax man gets done with me.
I pay CZcams so I can watch CZcams videos ad-free. Now ads are embedded into the videos by their creator. Can’t win. Most likely they’ll be ad breaks at my funeral, too.
sign up for Schiff premium
"The Fed Net" Saving the ultra rich . Everyone else is on their own. Thanks, Jerome.
It's tragic but the hard truth......The masses me included are left behind.
It's government deficit spending on war and welfare that has put us in this position. The FED is just an accomplice.
Peter.
On your next podcast please talk about BRICS+
Be careful what you wish for… You’re not going to like it.
BRICS is an overrated and overhyped by Kremlin and Beijing propaganda scheme, a fading “growth” engine, a “golden” goose that's never laid any eggs, not even rotten eggs. Three out of five are anemic and dying commodity exporters, entirely dependent on exports to the West for their fake “growth.”
Brics will never work. See Peter zehion
Who ever replied ... shadow banned
Peter: Biden can't tap the strategic oil reserve again because it would be a catastrophic decision.
Biden: Hold my ice cream cone.
U.S. needs a patriotic American in the White House, NOT an Adel-Minded Child Sniffer.
He should just come out and say we are all fucked and stock up on food. Lol
Thank You Peter for your common sense outlook and explanation on many issues that are never told elsewhere.
My great wish is that we all live through long enough to see Peter talk about the post-crash new secular bull market.
Interest rates on houses are based on what the bank can borrow the money for right now. The bank usually sells the loan to a fund as soon as the buyer closes. Current mortgage rates have nothing to do with future rates when taking out mortgages. If you're a borrower, of course you should lock in the low long term rate. If you're the bank, you process the loan then sell it to a fund.
When the tide goes out, you see who's swimming naked, and insurance companies are swimming naked!
PETER SHIFF PODCAST IS REAL ECONOMICS. EDUCATION BIG THANKS 👍👍👍👍👍👍
Agree!!
Peter's approach to tying the market to concrete value through the use of gold as a benchmark was truly impressive. The choice of the years 1932 and 1982 added an intriguing dimension. It leads us to ponder: Could gold be the nearest representation we possess of an authentic measure of value?
I'd like for Peter to delve deeper into the notion of "Real Value" and explore potential methods of assessing it over time. Are there alternative commodities aside from gold that can serve as a yardstick, or is gold's scarcity the critical factor in this equation? What do you think?
@@ardentenquirer8573 Peter is Right about Gold in 1932 and 1982 and if you look today the index 35.000 so Gold should be 35.000 dollars per ounce today. Gold is the Real Money. Real value. So what is "" Real value "" something that keeps it's value for long periods of time. Just example 500 years ago. 700 hundred years ago 2 thousand years ago. Say 1 Gold coin 1 oz. Could buy you on the market then days. Sandals trousers. Jacket probably horse So today 2000 years later 1 oz Gold coin could buy you the same. Shoes jacket trousers and probably horse to. Gold doesn't change you can't say the same about the printed paper currency - dollars euro Japanese yen so on. They catch Hyperinflation change design size and value. ( just check Weimar Republic Hyperinflation in the 1920. Venezuela Hyperinflation and many other. There is No alternative to Gold exept Silver. Own only. Phisical Gold and Silver Never ETF . . Yes scarcity and quality ( doesn't go rusty) makes it special. unfortunately Gold is Manipulated by the likes of JP Morgan. But the good thing Gold and Silver bullion and coins are really cheap at the moment So buy as much as you can.
The same reasoning why we don’t want to sell down the oil reserve, is the same reasoning as why we don’t want QE.
Interference by Gov creates the problems.
And interference by central banks.
Epic labor day rant Peter, love it!
‼️
I am a small landlord and I had to work through the entire 3 days of the Labor Day weekend.
My insurance premiums also went up 20% on we very rental.
Yeah I only notice because of no mail no bank.
So what. It is a tax write off isnt it?
Been listening for many years but that was a particularly good episode, thank you
I did well this summer with equities - but that's it. I'm now into gold, silver, treasuries, a couple of oil stocks - and cash. No debt. I feel good about my position.
King….well done.
Revisited your comment, man, you have done exactly what l have been believing, gold, silver, oil and commodities such as rare earths, copper….have gold and silver, my mortgage is a real estate investment and looking at expanding into oil for at least 12 months and rare earths for when the recession turns.
Can we expect gold and silver to continue to drop as we get deeper into the recession? Then once we bottom gold explodes?
@@fursurething8659 l suspect gold is going to trend with inflation then, once interest rates start dropping gold will explode, saying that; l am not a financial advisor…..then again, l have purchased gold for that reason amongst other issues.
@@fursurething8659 I don't think gold will drop that much - people are underestimating its value during recessions - silver is gold on crack - but it's use case is industrial - which will hold back price.
Peter, learn your lesson, never underestimate the stupid.
Peters right as usual
You are an idiot.
Have an apostrophe. " ' ". They're free.
Peter's approach to tying the market to concrete value through the use of gold as a benchmark was truly impressive. The choice of the years 1932 and 1982 added an intriguing dimension. It leads us to ponder: Could gold be the nearest representation we possess of an authentic measure of value?
I'd like for Peter to delve deeper into the notion of "Real Value" and explore potential methods of assessing it over time. Are there alternative commodities aside from gold that can serve as a yardstick, or is gold's scarcity the critical factor in this equation? What do you think?
Arrest the banksters!
Here is an idea. Balance the Federal budget. Consolidate as much Treasury debt as possible onto the Fed balance sheets. Move the student loan debt (1.6 T/ 48M borrowers) also. To garner public support. Then retire the debt and End the Fed.
One of Peter’s best podcasts to try and work out what is going on - thank you, and for the nod to entrepreneurs at the end there!
53:08 That tractor makes that farmer...
"far-mer" productive
Our insurance for the replacement of the home tripled. They say it costs 3 x as much to trash the remaining structures then it has to pay 3x more for everything else.. our deductible is now 1500$ so anything that’s less is a total loss .
Enter the rich get richer the poor middle will be going homeless.
Employees job is easy we don’t need to worry about balance ,sales,theft, taxes ,Peter love all the efforts you put into your podcast .
Ditto.
So cal
The amount of viewers you have makes me feel better about our economic future, honestly. Thanks, Peter. You’re the man
Timely/insightful/logical review thank you
Peter's approach to tying the market to concrete value through the use of gold as a benchmark was truly impressive. The choice of the years 1932 and 1982 added an intriguing dimension. It leads us to ponder: Could gold be the nearest representation we possess of an authentic measure of value?
I'd like for Peter to delve deeper into the notion of "Real Value" and explore potential methods of assessing it over time. Are there alternative commodities aside from gold that can serve as a yardstick, or is gold's scarcity the critical factor in this equation? What do you think?
@@ardentenquirer8573 Excellent pick up correct correlation
Love the Peter Schiff radio program! That sly smile of Peter's is because he was the first to call the Bitcoin scam back in 2012! As the Bitcoin train wreck accelerates, Peter has plenty to grin about.
@webcomber HAHAHAHA!!! What planet are you on??? Maybe I should be asking what drugs are you on???
Bitcoin is getting set to skyrocket over $100,000 during the next few years. The halving is next year and it's just a matter of time until we get a bitcoin spot ETF. There is no bitcoin train wreck at all.
Covid made bitcoin stronger.
Banks failing made bitcoin stronger.
Blackrock and Fidelity are getting into bitcoin.
Why in the world do you think a bitcoin train wreck is accelerating now???
You said the same train wreck nonsense back in March when banks were failing. Quote: "Love the Peter Schiff show! No one called the crypto Bitcoin scam sooner than Peter Schiff in 2011! Props to Schiff as the Bitcoin train wreck accelerates. BUY GOLD! "
You should have dumped your silly gold coins and bought bitcoin.
Are you going to make the same mistake again?
I'm thinking lockdowns late fall to maybe late winter will fix alot except the bottom line for the consumer. Gotta see how coverings and round 5 of jabs play out among the general population first. We're only in the couple paragraphs of a book that seems awfully familiar this season. Combined with Brics and decoupling the dollar from world trade, it should be quite interesting. The USA mostly got kicked out of the new playground being built.
No way we have another lock down
Most corporations did not borrow short term. They took advantage of the ultra low LONG TERM interest rates. It will take years for the higher interest rates to take full effect.
$6 a gallon it will be a beautiful thing
"32.9 trillion...check it out on the next commercial break..." Nailed it, Peter! Nice one!
Hi Peter, thank you for speaking the truth. Im curious to hear your take on the Canadian housing crisis. How similar is it to the 2008 financial collapse in the US housing market?
Small business owners are the hardest working people
Thanks,Peter, an extremely insightful and interesting video.
This was spot on about how hard employers work!
❗️
From my experience, you're wrong about bosses working hard. In the past, majority of small business owners did work hard in the front office. Now their entitled kids, who've taken over the business, have hired people to run the shop. The cost of management has been taken from the floor workers, so the owner can just collect a check.
Peter droppin some truth about employees and employers
If the authorized storage capacity of the SPR is currently 727 million barrels and if the US consumes about 20 million barrels of oil each day, at full capacity we would have about 36 days worth of oil if we had to depend only on the SPR. Better than 20 days but not that much longer.
At 24:00 mins, Powell has stated that they might lower rates even though CPI isn’t at 2% but at the same time do more QT. Thus sucking up excess money.
We were just notified a week ago that our insurance co has gone belly up.
Love this Peter putting nails in with rocks 😂😂😂😂
Well said!!!
They are still printing but at a lesser rate each month SO... the Stock market stays up or barely and just hangs and hangs as young investors keep buying in never seen a crash as they were 8 when last happened!! So this crash 50-90% will be a hell of a surprise!!
Thanks Peter
The Fed is performing magic tricks. 🇺🇸
53:53 Tryin' to put the nails in with rocks.
(Heheheh) 🤠
And now Saudi and Russia have cut output and extended until December…..2024.
Precious metals is only a hedge. What of people who bought platinum heavy at 2000 + per ounce years ago?
They buy more here and dollar cost average. What else can they do if they chased the top?😂
On point job creation!
The insurance industry has a bailout program called TRIA.
The auto insurance industry has a collection agency called Law Enforcement.
@@lilblackduc7312 Totally missing the point that the industry, which is to say the Demigarch Warren Buffett, will be bailed out.
I know they'll be bailed out. You missed my additional point illustrating just how rigged that industry is...They've got backups for their backups...@@robertfeinberg748
While i totally agree with you about entrepreneurs, tne reality is the government is just making a day to "celebrate" the laborers to make them "feel" recognized, maybe help make them slightly less disgruntled. Almost even as one of many thing to keep them calm. While the entrepreneurs are highly motived, more intelligent (on the average) then the laborers, whether they get recognized by holiday (or other BS superficial crap) or not will make zero difference in how they operate and think.
Peter, did you take into account that the US is producing 14million barrels of oil per day by themselves? They use about 20million, so they do import, but the won’t be such a huge shock. They can just decide to produce more
14 million barrells of expensive oil
Aloha Peter. Good day, sir. 🇺🇸
Raising bond yields ("interest rates") reduces the price of government bonds.
Thus, the government, to get its required cash, must issue more bonds to be monetized (at a lower price) by the Fed, thus dramatically increasing government debt.
The current government debt of over $33T is unsustainable and will increase exponentially just to issue more bonds to pay the spiraling interest.
A default of government debt is coming and there is no way to prevent it.
Another excellent episode Mr. Schiff!
45:13 "When people take their money out of the bank, they're taking it out of the private sector. That's money the bank can't loan to business." I thought banks can create money/credit ("out of thin air") when they create a loan (limited by the borrower's credit worthiness)?
They can but the money they create is tied to the amount of deposits in the bank because of capital requirements. To put it simple, for every dollar you put in the bank they lend back 10 dollars to the private sector. So if you take 1 dollar out of the bank that is 10 dollars less for the bank to lend to companies leading to tighter credit for the private sector.
@@hampushallgern797 Ah, OK. This sounds like the "fractional reserve".
Good video
Amen
Liked 👍 Thanks
Labor Day means you have to work extra hard - not take a day off! 😊 🎉
Federal flood insurance benefits developers, banks, the local tax collector, etc.
What happened too the Petro Dollar ? Wasn't Opec supposed too absorb any USA debt spending ? Electric cars ? Links please. Thank you.
My car insurance (UK) is about to renew at +75% next month, all other costs are fixed but this
Funny analogy. I do think that by now, Westerners are more akin to Pavlovian dogs than sheep.
Indeed
And here I thought US was getting oil for free from Syria 😂
And oh btw Peter excellent podcast as usual, thank you ❤
We usually only need a week of oil supply at worst during bad hurricane season years.
17 days in the reserve. Tater just released another million barrels. My oilfield buddies ain't getting full checks. They're doing a sidejob for us next week. Good welders concrete.
Peter Schiff is never right on the timing of his speculations, close to Jim Rickards. 😅
When reality hits, it hits hard. Keep living in delusion and enjoy while you can still print dollars out of thin air.
True, Peter is always early, and often painfully so. However, he is usually, ultimately correct... and it is better to know ahead of time so that you can take action rather than be told at the last minute.
I like to say, "Do you want your doctor to tell you that smoking causes lung cancer when you're 20 so you can quit early, or wait until you're 50 (after 30 years of smoking) and have lung cancer?
No one in history of the world has a flawless record on predicting major stock market meltdowns. And no one will, expect some future AI
yes..totally agree ..the anomaly is the norm for many
I'm a business owner and hire 35-50 employees, I work 7 days a week, long hours.
I think the shit show gets started Thursday morning with PPI report. Increasing oil prices haven’t shown up in gasoline just yet but they certainly have in diesel. The odds of a September rate hike go up substantially Thursday morning, in my opinion.
great title
Great title …. Got my attention … they’ve been breeding new money like rabbits. 😂
The only question is the timeline for when the poopoo hits the fan.
Jan 2025 is when the budget bill they're using sunsets.
The government shutdown in October is also a theater in the round. They know we'd say stay closed. Save us a little.
16 hours a day doing what exactly? Surfing on the computer and making a few calls? Try standing on your feet for 10 hours a day moving thousands of packages for amazon
You will be right on the oil call Peter.
Right on the money about entrepreneurs!
Just go look at Oct crude futures and pay attention to prod cuts. He not lying reserve just tanked and oil is going up next month. Inflation is back but will be stagflation after more job losses and fewer opening. SQUEEEEZING the ecomomy real good! Depressing you could even say, maybe deflating next after it pops. Stay Tuned
Truth
Here’s the summary: Powell doesnt know what he’s doing. Stocks are going to crash, buy gold (same song & dance as his last 50 podcasts)
But he is singing this song for how many years now?
Solid colors for your shirt and perhaps a sport jacket would be more "Daleo".
When the ten year gets to five percent then the markets will understand.
If the government continues spending the way it is how long do you think we have before we lose the reserve currency status
Thank you for sharing. By the way, Britain when their debt hit 130% of GDP lost the reserve currency status. We are at 130% right now. There were other issues but US is satisfying them as well.
Actually with fractional reserve banking you can lend money out about 9 times.
I heard that it was 10 times. Why do they allow that to happen?
At a former job, at the end of the week we got paid (OR NOT) depending on how the bosses wife did at the casino the night before!
Hey Peter jfyi, too much or more likely, to strong of caffeine can cause acid reflux or constantly little coughing or constant what you do. Reduce your coffee & see what happens. Coffee opens up the esophegus & allows problem. Just a suggestion for a bloke who i highly respect🍻
Didn't they change FSAB so they can keep the bonds on their balance sheet at par? Obviously the commercial banks can do that as well, but that doesn't help when they need to generate profit. The Fed can just print or conjure money from thin air.
The chickens have finally come home to roost.
Entrepreneurship is a type of work. in this way we can give it its fair share of importance and quantify it with respect to other types of work, so it will not get less attention but also not take over attention.
Equivalent of how many lowest level employee work is the boss work?
What’s up with MTA stock Schiff??
Timestamps please
Schiff knows his Schitt
👍🏼✌🏼
VPN can you speak to them about compatibility?
Long time don't see Mr.schiff great podcast.
Epic