The Peter Schiff Show Podcast

Dow up almost 2,000 points today; a record point gain, 10th biggest percentage gain, with most larger gains occurring during the bear market of the 1930s. We had a lot of stock market firsts this week and it was one of choppiest weeks on record.

Trump announces beginning of national bailout including open-ended moratorium on student interest loans, allowing debtors put their loans into deferment indefinitely and never pay them again. Trump leaves door open to bailout any industry in the country.

Lawsuits driving many shutdowns across the country.

Gold’s recent late day buys a sign of illiquid investors trying to get in at lows.

 

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Dow up almost 2,000 points today; a record point gain, 10th biggest percentage gain, with most larger gains occurring during the bear market of the 1930s. We had a lot of stock market firsts this week and it was one of choppiest weeks on record.

Trump announces beginning of national bailout including open-ended moratorium on student interest loans, allowing debtors put their loans into deferment indefinitely and never pay them again. Trump leaves door open to bailout any industry in the country.

Lawsuits driving many shutdowns across the country.

Gold’s recent late day buys a sign of illiquid investors trying to get in at lows.

 

RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/

 

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Schiff Gold News: http://www.SchiffGold.com/news

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Follow me on Twitter: http://www.Twitter.com/PeterSchiff

Market reacted poorly to Trump’s Wednesday night coronavirus address. Today’s historic drop was the biggest since the 1987 crash.

Fed’s cure will be worse than coronavirus and fatal for US economy. QE5 coming with more cheap money and artificially low interest rates. CNBC says this is nothing like 2008, but everything about it is like 2008.

Jim Cramer proposes the US government suspend collecting taxes, increase all spending — and print all the money needed to pay for it.

Short term noise and illiquidity affecting gold stock. Nothing is a safe-haven on a daily basis.

Bond vigilantes are waking up and the bond market is starting to blow up.

Bitcoin and crypto market crash. CNBC remains silent. The whole bitcoin narrative is blowing up.

 

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Market reacted poorly to Trump’s Wednesday night coronavirus address. Today’s historic drop was the biggest since the 1987 crash.

Fed’s cure will be worse than coronavirus and fatal for US economy. QE5 coming with more cheap money and artificially low interest rates. CNBC says this is nothing like 2008, but everything about it is like 2008.

Jim Cramer proposes the US government suspend collecting taxes, increase all spending — and print all the money needed to pay for it.

Short term noise and illiquidity affecting gold stock. Nothing is a safe-haven on a daily basis.

Bond vigilantes are waking up and the bond market is starting to blow up.

Bitcoin and crypto market crash. CNBC remains silent. The whole bitcoin narrative is blowing up.

 

RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/

 

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Schiff Gold News: http://www.SchiffGold.com/news

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Longest bull market in US history is officially over and it’s the fastest we’ve ever gone from record highs to a bear market.

The same financial anchors who said not to worry about the banks in 2008 are saying the same thing now.

Dollar gained on yesterday’s strength, but still in a downtrend. Gold prices acting very similar to 2008.

Biden can’t lost and Trump can’t win.

Kudlow saying the same nonsense he was saying as a cheerleader of the President’s economy, except now he’s actually a player in it.

Inflation, even the way the government measures it, is breaking out of its slumber.

Companies more afraid than ever of legal consequences.

 

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Longest bull market in US history is officially over and it’s the fastest we’ve ever gone from record highs to a bear market.

The same financial anchors who said not to worry about the banks in 2008 are saying the same thing now.

Dollar gained on yesterday’s strength, but still in a downtrend. Gold prices acting very similar to 2008.

Biden can’t lost and Trump can’t win.

Kudlow saying the same nonsense he was saying as a cheerleader of the President’s economy, except now he’s actually a player in it.

Inflation, even the way the government measures it, is breaking out of its slumber.

Companies more afraid than ever of legal consequences.

 

RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/

 

SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/

Schiff Gold News: http://www.SchiffGold.com/news

Buy my newest book at http://www.tinyurl.com/RealCrash

Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff

Follow me on Twitter: http://www.Twitter.com/PeterSchiff

Markets, bitcoin, and the dollar had a Reversal Tuesday fueled by Trump’s promise of massive artificial fiscal stimulus. Trump trying to buy a second term, but with democrats holding stimulus hostage, stimulus will come with socialist labor laws and Keynesian helicopter money. Betting markets see now see Trump as the underdog.

Mandated paid sick leave will hurt employees.

Bailouts for oil, airlines, hotels, and cruise ships are just another backdoor bailout for the banks.

While all the safe-haven assets dropped today, bitcoin’s price rose along with the other risk assets. Bitcoin now trades highly correlated with the stock market.

Joe Biden’s gender-based VP list is sexist. Bernie Sanders says America’s tax system should be more like Sweden, then admits he knows very little about it.

 

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Oil war that began today will bankrupt many US companies. 60% of stocks in Russell 2000 are lower now than when Donald “the stock market president” Trump  took office. Financials continue to get clobbered and stimulus won’t help them this time. This time nobody will believe QE is temporary or interest rates will normalize. Australia looking to repeat the mistakes of others central banks.

Gold broke $1700 today, but didn’t break out. All the babies were thrown out with all the bathwater, including gold mining stocks. Gold price much stronger during this crisis than in 2008. In contrast, the dollar is now falling against other currencies. Massive swings in the currency markets leaving the dollar crumbling against other major safe-haven currencies, unlike in 2008 when that crisis sent the dollar soaring. Gold has much less ground to recover now so if it reacts the way it did after the fed’s last bailout, it has a lot more upside ahead.

Perfect conditions for a bitcoin rally, yet it’s collapsing as it fails to live up to hype and people realize it’s nothing more than digital risk. CNBC suddenly and conveniently seems to have forgotten the word “bitcoin.” Phenomenal opportunity now to dump bitcoin and buy gold before the bottom really drops out on bitcoin.

 

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Week closes out with another big drop in the markets. Nasdaq and Russell 2000 hit new lows. Russell 2000 on-track to have lost value during Trump’s four years in office.

Oil prices are plunging, which is bullish news for gold mining companies as their production costs decrease and gold prices increase.

Fed’s balance sheet rose by a whole month's worth in one week and it looks like that trend will continue in the weeks to come. Fed’s crisis hasn’t even begun.

 

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Schiff Gold News: http://www.SchiffGold.com/news

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Week closes out with another big drop in the markets. Nasdaq and Russell 2000 hit new lows. Russell 2000 on-track to have lost value during Trump’s four years in office.

Oil prices are plunging, which is bullish news for gold mining companies as their production costs decrease and gold prices increase.

Fed’s balance sheet rose by a whole month's worth in one week and it looks like that trend will continue in the weeks to come. Fed’s crisis hasn’t even begun.

 

RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/

 

SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/

Schiff Gold News: http://www.SchiffGold.com/news

Buy my newest book at http://www.tinyurl.com/RealCrash

Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff

Follow me on Twitter: http://www.Twitter.com/PeterSchiff