The Peter Schiff Show Podcast

Big double standard in the media regarding "sexism"

Rolling Stone story based on complete fiction about a woman who claimed she was raped in a fraternity house

The reporter accepted the woman's story without checking sources

After the facts were out, the reporter apologized to everyone except the men who were falsely accused and the fraternity involved

Where is the outrage that the real victims did not receive an apology?

Is it sexist to assume that men do not deserve apologies when wrongly accused?

The reporter refuses to condemn the woman who lied

The primary apology must go to the wrongly accused, the fraternity and to the university

* When employers empower certain groups with special privileges they become clubs with which to beat the employer

* Employers are then reluctant to put themselves in a position to be bashed with that club

* Large companies must prove diversity and go out of their way to hire minorities

* That kind of discrimination is the right of the employer

* Whenever you hire anyone you make yourself vulnerable to frivolous suits

* The government has made American business less competitive by appealing to the job seekers not the the job creators

* This eventually backfires on the job seekers by minimizing the number of employers

* I established my offshore bank because government regulation made it so much harder for me to service my international clients

* This drove away jobs that would have been in America

* Now it is impossible for our company to accept foreign accounts, including Americans living overseas

* My offshore bank may not accept offshore accounts or non-American customers

* Government regulations are now making it difficult on Americans who live abroad

* Every business in the country is being undermined by growing government regulation


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* Markets are finally getting a chance to react to worst jobs report in two years

* March non-farm payrolls coming in at about half of forecast

* Dollar was off about 1% on FOREX

* Stock futures were down on opening bell but shot 100 points higher

* "Bad News is Good News" rally

* CNBC thinks jobs takes June rate hike is off the table - but it was never on the table in the first place

* The Fed will not be serving a September rate hike either

* It's going to be an all you can eat "QE Buffet"

* The dollar should have sold off more, but the bull market persists

* Currency traders are using circular logic about the strong dollar

* The dollar is rising for the same reason that the economy is slowing - the Fed has suspended QE and higher rates are expected

* The effects of a strong currency should build over time

* When the dollar uptrend ends, it will be a collapse because there are so many people on the wrong side of the trade

* March ISM Non-Manufacturing Index slipped more than expected - lowest since June 2014, a two-year low

* Monday WSJ article said that if Fed is worried to raise rates even a quarter of a point, then the U.S. Economy is not as strong as everyone thinks

* If the Fed really believes the economy is strong, they would have already raised rates

* Continued low interest rates indicate the Fed does not believe the economy is strong.

* Crude Oil continues to rebound - above $53/barrel

* If we close above $54, the market should see move up to mid $70's

* Higher oil prices will start to hurt consumers


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Markets are finally getting a chance to react to worst jobs report in two years

March non-farm payrolls coming in at about half of forecast

Dollar was off about 1% on FOREX

Stock futures were down on opening bell but shot 100 points higher

"Bad News is Good News" rally

CNBC thinks jobs takes June rate hike is off the table - but it was never on the table in the first place

The Fed will not be serving a September rate hike either

It's going to be an all you can eat "QE Buffet"

The dollar should have sold off more, but the bull market persists

Currency traders are using circular logic about the strong dollar

The dollar is rising for the same reason that the economy is slowing - the Fed has suspended QE and higher rates are expected

The effects of a strong currency should build over time

When the dollar uptrend ends, it will be a collapse because there are so many people on the wrong side of the trade

March ISM Non-Manufacturing Index slipped more than expected - lowest since June 2014, a two-year low

Monday WSJ article said that if Fed is worried to raise rates even a quarter of a point, then the U.S. Economy is not as strong as everyone thinks

If the Fed really believes the economy is strong, they would have already raised rates

Continued low interest rates indicate the Fed does not believe the economy is strong.

Crude Oil continues to rebound - above $53/barrel

If we close above $54, the market should see move up to mid $70's

Higher oil prices will start to hurt consumers

When employers empower certain groups with special privileges they become clubs with which to beat the employer

Employers are then reluctant to put themselves in a position to be bashed with that club

Large companies must prove diversity and go out of their way to hire minorities

That kind of discrimination is the right of the employer

Whenever you hire anyone you make yourself vulnerable to frivolous suits

The government has made American business less competitive by appealing to the job seekers not the the job creators

This eventually backfires on the job seekers by minimizing the number of employers

I established my offshore bank because government regulation made it so much harder for me to service my international clients

This drove away jobs that would have been in America

Now it is impossible for our company to accept foreign accounts, including Americans living overseas

My offshore bank may not accept offshore accounts or non-American customers

Government regulations are now making it difficult on Americans who live abroad

Every business in the country is being undermined by growing government regulation

* April Fool's Day and all the fools are buying U.S. stocks

* Atlanta Fed GDP Now Estimate for Q1 GDP finally down to zero

* Despite the fact that the economy is worse than the 2008 crisis, Wall Street expects a Q2 boom

* Last Q2 was boosted by Obamacare spending and inventory build

* No data supports wishful thinking that Q2 will stage a comeback

* U.S. corporate profits fell despite Wall Street gains

* Q4 corporate profits dropped by 3%

* Final revision for Q4 GDP held at 2%, weaker than expectations

* First back to back decline in March University of Michigan Consumer Sentiment since October 2013

* Personal Income and Spending rose only .1%, missing expectations for 4th consecutive month

* Savings rate increased to 5.8%, contrary to Fed's objective to maintain spending bubble

* Savings increase is problematic for the Fed because it undermines the spending spree that masquerades as wealth

* The Fed will have to launch QE4 to encourage more spending

* The March Dallas Fed Manufacturing Index plunged by 17.4%- the sharpest 1-month decline since 2008

* Chicago PMI was below 50 in March - near 6 year lows

* March ADP numbers lowest in 14 months - biggest miss vs expected in 4 years

* March ISM Manufacturing Index dropped again to 51.5 - lowest level in 22 months - 5-month decline - first time since 2008

* Construction spending "unexpectedly fell"

* Zero might not be the floor for Q1 GDP

* Stock market weakening again - oil and gold up

* U.S. dollar no longer making new highs

* Everyone is going to come to the same conclusion at once triggering violent moves in the market

* Right now there are still people willing to buy the dollar, but eventually there will be no one to take the other side of those trades

* Countries with smaller balance sheets will start raising rates when dollar plunges and commodities rise

* Friday jobs number, the Fed's gauntlet, will start reflecting the rest of the bad economic news

* Rate hikes are so far into the future they are beyond QE4


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April Fool's Day and all the fools are buying U.S. stocks

Atlanta Fed GDP Now Estimate for Q1 GDP finally down to zero

Despite the fact that the economy is worse than the 2008 crisis, Wall Street expects a Q2 boom

Last Q2 was boosted by Obamacare spending and inventory build

No data supports wishful thinking that Q2 will stage a comeback

U.S. corporate profits fell despite Wall Street gains

Q4 corporate profits dropped by 3%

Final revision for Q4 GDP held at 2%, weaker than expectations

First back to back decline in March University of Michigan Consumer Sentiment since October 2013

Personal Income and Spending rose only .1%, missing expectations for 4th consecutive month

Savings rate increased to 5.8%, contrary to Fed's objective to maintain spending bubble

Savings increase is problematic for the Fed because it undermines the spending spree that masquerades as wealth

The Fed will have to launch QE4 to encourage more spending

The March Dallas Fed Manufacturing Index plunged by 17.4%- the sharpest 1-month decline since 2008

Chicago PMI was below 50 in March - near 6 year lows

March ADP numbers lowest in 14 months - biggest miss vs expected in 4 years

March ISM Manufacturing Index dropped again to 51.5 - lowest level in 22 months - 5-month decline - first time since 2008

Construction spending "unexpectedly fell"

Zero might not be the floor for Q1 GDP

Stock market weakening again - oil and gold up

U.S. dollar no longer making new highs

Everyone is going to come to the same conclusion at once triggering violent moves in the market

Right now there are still people willing to buy the dollar, but eventually there will be no one to take the other side of those trades

Countries with smaller balance sheets will start raising rates when dollar plunges and commodities rise

Friday jobs number, the Fed's gauntlet, will start reflecting the rest of the bad economic news

Rate hikes are so far into the future they are beyond QE4

* Indiana passed a law to prevent lawsuits targeting religious objection

* Pressure and feigned outrage from the left wing machine causes Governor to walk back the meaning of the law

* The mark of a free society is the willingness to tolerate intolerance

* Liberals are the most intolerant of other peoples' intolerance

* In a free market there is always someone who wants my business, even if someone else does not

* I would rather get the intolerance out in the open, and just avoid that business

* It looks like the Indiana gay couple were searching for a business that would object to participating a gay wedding

* Why can't there be a business for bigots?

* It doesn't hurt anyone but the business, because it narrows the customer base

* The Governor can't stand up for what he believes

* Why doesn't he just say that the law allows certain individuals to discriminate based on religion

* A small segment of the community is holding everyone else hostage

* There is some inherent hypocrisy - whom is it OK to discriminate against?

* It should be legal to discriminate against anybody

* Government should not give a license to do what they should naturally have a right to do

* The government is extolling privileges on individuals that turn into weapons, frivolous lawsuits, and undermine our economy


Our Sponsors:
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Indiana passed a law to prevent lawsuits targeting religious objection

Pressure and feigned outrage from the left wing machine causes Governor to walk back the meaning of the law

The mark of a free society is the willingness to tolerate intolerance

Liberals are the most intolerant of other peoples' intolerance

In a free market there is always someone who wants my business, even if someone else does not

I would rather get the intolerance out in the open, and just avoid that business

It looks like the Indiana gay couple were searching for a business that would object to participating a gay wedding

Why can't there be a business for bigots?

It doesn't hurt anyone but the business, because it narrows the customer base

The Governor can't stand up for what he believes

Why doesn't he just say that the law allows certain individuals to discriminate based on religion

A small segment of the community is holding everyone else hostage

There is some inherent hypocrisy - whom is it OK to discriminate against?

It should be legal to discriminate against anybody

Government should not give a license to do what they should naturally have a right to do

The government is extolling privileges on individuals that turn into weapons, frivolous lawsuits, and undermine our economy

* If an employee sues an employer falsely, the employer has no recourse, because it could be interpreted as retaliation

* Ms. Pao lost not only on her discrimination claim, she also lost on claim that she was retaliated against

* The big problem is the reaction in the media

* The tone in the press is supportive to Ms. Pao, even though she was not telling the truth

* She was suing for $16 million - her motive was greed

* This is not a "victory for women" - it is a loss

* The suit makes employers reticent to risk false gender-based accusations

* The press promise more sexual discrimination cases in the pipeline, suggesting someone might "get lucky"

* Most gender-based lawsuits are never litigated - they are settled for cash

* Employers are not going to discriminate based on gender

* Gender discrimination is a poor business strategy

* This case sends a loud message to employers to avoid the risk of gender based discrimination by avoiding women


Our Sponsors:
* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com
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