The Peter Schiff Show Podcast

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

* Pao v. Kleiner Perkins: there should be no damage even if there was discrimination

* The law against discrimination is unconstitutional

* Employees are free to discriminate - they can work for whomever they want

* Why should an employer then lose that right?

* Everyone should be free to deal with the consequences of their choices


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* Near 300 point drop in the Dow

* NASDAQ down 118

* S&P down 30 points

* $1.50 gain in oil and oil stocks up

* No significant economic news that would trigger this move

* Dollar was not down much lower on day

* The 110 level is holding back the euro

* Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up

* A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4

* The only way the Fed can prevent a correction from turning into a bear market is by launching QE4

* The Fed has built this "recovery" on asset bubbles

* Launching QE3 guarantees QE4

* The only thing that will stop perpetual stimulus is a currency crisis

* Durable Goods Orders were estimated at .7% gain

* Actual number came in at a 1.4% decline

* Five consecutive monthly declines in Durable Goods X Transportation

* The last time that happened was during the months surrounding the 2008 financial crisis

* The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis

* The final revisions to Q4 GDP due on Friday are estimated to go down

* There's a good chance the number will be lower than 2%

* Pundits are making excuses, saying that the "First quarter

s always weak" or "It's the weather"

* They don't want to come to terms with reality


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Pao v. Kleiner Perkins: there should be no damage even if there was discrimination

The law against discrimination is unconstitutional

Employees are free to discriminate - they can work for whomever they want

Why should an employer then lose that right?

Everyone should be free to deal with the consequences of their choices

Near 300 point drop in the Dow

NASDAQ down 118

S&P down 30 points

$1.50 gain in oil and oil stocks up

No significant economic news that would trigger this move

Dollar was not down much lower on day

The 110 level is holding back the euro

Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up

A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4

The only way the Fed can prevent a correction from turning into a bear market is by launching QE4

The Fed has built this "recovery" on asset bubbles

Launching QE3 guarantees QE4

The only thing that will stop perpetual stimulus is a currency crisis

Durable Goods Orders were estimated at .7% gain

Actual number came in at a 1.4% decline

Five consecutive monthly declines in Durable Goods X Transportation

The last time that happened was during the months surrounding the 2008 financial crisis

The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis

The final revisions to Q4 GDP due on Friday are estimated to go down

There's a good chance the number will be lower than 2%

Pundits are making excuses, saying that the "First quarter

s always weak" or "It's the weather"

They don't want to come to terms with reality

* Bad economic news coming in is more a deluge than a trickle

* Dollar continuing to drift lower since "patience" was removed

* New Zealand Dollar record high against the euro and the Australian dollar

* New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment

* Swiss franc had a strong day today

* Chicago Fed National Activity Index revised down to -.11

* Three consecutive months of declining numbers

* Deteriorating numbers reflect pattern similar to pre-QE3 months

* Existing home sales number below estimates

* February new home sales up, however

* Richmond Fed Manufacturing Index -8, twice as low as most negative forecast. declining 4 times in 5 months

* CPI came in at .2%, exactly as expected; core up to 1.7

* Price of ground beef up 19.2%, at a record high

* The jobs numbers are a lagging indicator

* We are likely to see a jobs number downturn based on less optimistic assumptions

* Weaker jobs number will keep rates low

* The only thing that might drive rates higher is inflation, but goal of "medium term" is vague

* Weaker economy and higher inflation will cause dollar to drop

* When inflation is the only focus, it will be obvious that the Fed cannot raise rates, driving dollar down

* A currency crisis will finally force the Fed to raise rates


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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Bad economic news coming in is more a deluge than a trickle

Dollar continuing to drift lower since "patience" was removed

New Zealand Dollar record high against the euro and the Australian dollar

New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment

Swiss franc had a strong day today

Chicago Fed National Activity Index revised down to -.11

Three consecutive months of declining numbers

Deteriorating numbers reflect pattern similar to pre-QE3 months

Existing home sales number below estimates

February new home sales up, however

Richmond Fed Manufacturing Index -8, twice as low as most negative forecast. declining 4 times in 5 months

CPI came in at .2%, exactly as expected; core up to 1.7

Price of ground beef up 19.2%, at a record high

The jobs numbers are a lagging indicator

We are likely to see a jobs number downturn based on less optimistic assumptions

Weaker jobs number will keep rates low

The only thing that might drive rates higher is inflation, but goal of "medium term" is vague

Weaker economy and higher inflation will cause dollar to drop

When inflation is the only focus, it will be obvious that the Fed cannot raise rates, driving dollar down

A currency crisis will finally force the Fed to raise rates

* The Fed removed the word "patience" from their statement while promising patience

* We are likely to see weaker employment numbers, further delaying talk of rate hikes

* Pundits who failed to foresee the 2008 crisis are now saying the "problem is solved" because they do not understand the problem

* The problem is worse now than ever

* The Fed caused the 2008 crisis and they are in the process of creating the next, much larger crisis

* I have been critical of QE 1,2 and 3 and low interest rates because they only mask the problem

* "Failure of Capitalism" comments are actually criticizing our socialist economic policy

* The same applies to the Fed, as they are price-fixing the market

* Faulty logic assumes that low inflation is the reason for the weak economy

* Low inflation, which is not as low as reported, is a silver lining in the economy right now

* The rich are making money on inflation because they are leveraged and speculating

* Inflation undermines the middle class, business and job creation

* Who will be blamed when the consequences of the Fed's policy finally result in crisis?

* Free market capitalism is the solution


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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The Fed removed the word "patience" from their statement while promising patience

We are likely to see weaker employment numbers, further delaying talk of rate hikes

Pundits who failed to foresee the 2008 crisis are now saying the "problem is solved" because they do not understand the problem

The problem is worse now than ever

The Fed caused the 2008 crisis and they are in the process of creating the next, much larger crisis

I have been critical of QE 1,2 and 3 and low interest rates because they only mask the problem

"Failure of Capitalism" comments are actually criticizing our socialist economic policy

The same applies to the Fed, as they are price-fixing the market

Faulty logic assumes that low inflation is the reason for the weak economy

Low inflation, which is not as low as reported, is a silver lining in the economy right now

The rich are making money on inflation because they are leveraged and speculating

Inflation undermines the middle class, business and job creation

Who will be blamed when the consequences of the Fed's policy finally result in crisis?

Free market capitalism is the solution

* The Fed released long-awaited FOMC official statement

* Indicating they will be more patient without the word "patient" than when they were officially patient

* Why take the word away in the first place?

* The Fed wants to appear to be moving closer to a destination to which it has no intention of arriving

* The Fed is clearly more concerned about the economy today; they reduced growth estimates

* Janet Yellen said she will not raise rates until she sees improvement in the labor market

* The Fed not satisfied with 5-1/2% unemployment

* The jobs number is the outlier and will turn around

* Housing starts collapsed in February; biggest in 8 years

* Economic Surprise Index is most negative in memory

* It doesn't matter what the unemployment rate is; the Fed can't raise rates without creating a financial crisis worse than 2008

* The minute the Fed went down the path of QE, they sealed our fate

* There is now so much debt that we need QE more than ever

* The dollar had a huge rise in anticipation of rate hikes

* The Fed is more likely to launch QE4 than to raise interest rates

* The Fed is not going to raise interest rates until there is a currency crisis

* When the dollar turns, commodity prices will surge in all currencies

* The fact that the day of reckoning has been delayed with increased debt means a bigger payday for Euro Pacific Capital investment strategy

* It will be better to restructure and default on some of our debt that to deflate it away

* Understand the end game, ride it out and have the last laugh


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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