The Peter Schiff Show Podcast

The impeachment trial of Donald Trump ends no real surprise, he was acquitted. The whole thing came down along party lines and was all calculated political theater and posturing for the 2020 election.

But the real theater was during Trump’s State of the Union last night. Trump pitched socialist policies and touted his fake Chinese trade deal. He spoke to Congress for 90 minutes and not once mentioned the national debt. Since Trump took office, trade deficits have increased and manufacturing jobs have decreased. More women are forced to join the workforce due to economic circumstances at home.

If the economy were as good as Trump claims, he’d be calling on congress to cut spending or balance the budget or reduce the size of budget deficits. If you can’t tackle the debt when the economy is in the greatest boom in the history of the world, when can you tackle it? Trump apparently can’t find one program or agency to cut spending on. Instead he just bragged about all the social programs and weapons he was spending money on, not to mention Space Force!

Trump is playing a massive PR game right now.

Rush Limbaugh has cancer.

Liberals are sick.

Pete Budajudge wins the Iowa Caucus disaster.

Sanders wants to give new “Rights” to the disabled.

Markets have recouped from their recent “coronavirus sell-off.”

Ford Motor Company earnings disappoint investors.

GM is still trading where it was 7 years ago.

Tesla is a bubble in itself.

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The impeachment trial of Donald Trump ends no real surprise, he was acquitted. The whole thing came down along party lines and was all calculated political theater and posturing for the 2020 election.

But the real theater was during Trump’s State of the Union last night. Trump pitched socialist policies and touted his fake Chinese trade deal. He spoke to Congress for 90 minutes and not once mentioned the national debt. Since Trump took office, trade deficits have increased and manufacturing jobs have decreased. More women are forced to join the workforce due to economic circumstances at home.

If the economy were as good as Trump claims, he’d be calling on congress to cut spending or balance the budget or reduce the size of budget deficits. If you can’t tackle the debt when the economy is in the greatest boom in the history of the world, when can you tackle it? Trump apparently can’t find one program or agency to cut spending on. Instead he just bragged about all the social programs and weapons he was spending money on, not to mention Space Force!

Trump is playing a massive PR game right now.

Rush Limbaugh has cancer.

Liberals are sick.

Pete Budajudge wins the Iowa Caucus disaster.

Sanders wants to give new “Rights” to the disabled.

Markets have recouped from their recent “coronavirus sell-off.”

Ford Motor Company earnings disappoint investors.

GM is still trading where it was 7 years ago.

Tesla is a bubble in itself.

“So goes January, so goes the year.” If the old adage is true, this could mean the longest bull market in history is coming to an end. And from a political perspective, it couldn’t come at a worse time.

Another adage in investing is “buy the rumor sell the fact.” I mentioned in a recent podcast that investors would soon be selling the facts behind Trump’s trade deal. Well, it didn’t take very long for the markets to find a reason to sell.

The markets were clobbered today and contrary to what the media says, the coronavirus is not the reason. It’s just an excuse and if they didn’t have the coronavirus, they’d find something else to blame. A lot of the stocks going down are retailers and have nothing to do with coronavirus. If the coronavirus passes and this slump in the market doesn’t, reasons for optimism will start fade fast.

2019 numbers show only 2.3% GDP growth. Could 3 rate cuts and a return to QE possibly be the reason?

Joe Biden gave Bernie Sanders a bone by claiming he’s not a real Democrat. Voters are sick of party insiders and this will backfire on Biden the way it did on the Republican candidates when they accused Trump of not being a real Republican.

Nobody would invent keto ice cream in a Socialist economy.

Gold stocks continue to be undervalued. This is a gift horse and you don’t want to look it in the mouth.

Gold is up again. If gold is this strong with the headwind of a strengthening dollar, just imagine the strength it will have with the tailwind of a falling dollar.

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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“So goes January, so goes the year.” If the old adage is true, this could mean the longest bull market in history is coming to an end. And from a political perspective, it couldn’t come at a worse time.

Another adage in investing is “buy the rumor sell the fact.” I mentioned in a recent podcast that investors would soon be selling the facts behind Trump’s trade deal. Well, it didn’t take very long for the markets to find a reason to sell.

The markets were clobbered today and contrary to what the media says, the coronavirus is not the reason. It’s just an excuse and if they didn’t have the coronavirus, they’d find something else to blame. A lot of the stocks going down are retailers and have nothing to do with coronavirus. If the coronavirus passes and this slump in the market doesn’t, reasons for optimism will start fade fast.

2019 numbers show only 2.3% GDP growth. Could 3 rate cuts and a return to QE possibly be the reason?

Joe Biden gave Bernie Sanders a bone by claiming he’s not a real Democrat. Voters are sick of party insiders and this will backfire on Biden the way it did on the Republican candidates when they accused Trump of not being a real Republican.

Nobody would invent keto ice cream in a Socialist economy.

Gold stocks continue to be undervalued. This is a gift horse and you don’t want to look it in the mouth.

Gold is up again. If gold is this strong with the headwind of a strengthening dollar, just imagine the strength it will have with the tailwind of a falling dollar.

Weak days for the stock market Friday and Monday will likely be blamed on the coronavirus.

The real virus to be concerned about is Bernie Sanders as he infects more voters with his rapidly spreading burn.

Bernie Sanders was on Phil Donahue in 1981 when it made news that a Vermont town elected a Socialist mayor. Phil Donahue asks if he believed in competition. Bernie Sanders said no. He said he believes in cooperation, a.k.a. Socialism/Marxism/Communism.

Bernie has certainly been very consistent. He’s been saying the same things the past 30-40 years, but he’s been wrong the whole time. He never grew up, became wise, or developed intellectually. He’s Peter Pan except he can’t fly.

The stock market has barely started to react to the possibility of a Sanders president and that possibility may be becoming a probability. And if not Sanders 2020, Alexandria Ocasio-Cortez is in a good position for 2024

Frustrated father questions Elizabeth Warren about her student loan policies and she laughs in his face.

Gold is up better than 4% for the year and there are more reasons to be bullish on gold stocks.

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


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Weak days for the stock market Friday and Monday will likely be blamed on the coronavirus.

The real virus to be concerned about is Bernie Sanders as he infects more voters with his rapidly spreading burn.

Bernie Sanders was on Phil Donahue in 1981 when it made news that a Vermont town elected a Socialist mayor. Phil Donahue asks if he believed in competition. Bernie Sanders said no. He said he believes in cooperation, a.k.a. Socialism/Marxism/Communism.

Bernie has certainly been very consistent. He’s been saying the same things the past 30-40 years, but he’s been wrong the whole time. He never grew up, became wise, or developed intellectually. He’s Peter Pan except he can’t fly.

The stock market has barely started to react to the possibility of a Sanders president and that possibility may be becoming a probability. And if not Sanders 2020, Alexandria Ocasio-Cortez is in a good position for 2024

Frustrated father questions Elizabeth Warren about her student loan policies and she laughs in his face.

Gold is up better than 4% for the year and there are more reasons to be bullish on gold stocks.

While I was at VRIC, Trump was in Davos touting to other world leaders the “unmatched” period of prosperity America is experiencing, thanks to him.

Trump claims that nobody benefits more from his presidency than the middle class. In reality, the only people benefitting are the asset owners - the 1%.

There are more women than men in the workforce for the first time ever. Housing prices and household income are at all-time highs. Trump spins these as signs of a healthy economy, but the opposite is true.

This period of prosperity America is going through is a figment of Trump’s imagination, but the Republican party and Wall St aren’t questioning it.

On CNBC, Trump tells Joe Kernen that he still doesn’t know who’s buying these negative yielding bonds. He admits to having no intentions of paying off the national debt or cutting government spending. Trump pretends we can pay for it all with the bubble that he thinks is an economic “boom.” Trump and the Fed are proving there is no exit strategy for these inflationary policies.

Tesla stock, the most heavily shorted stock has skyrocketed, putting shorts through the grinder.

Sanders passes Biden to #1 in the Democratic presidential polls. Democrats are worried because Sanders will actually try the socialist policies that they know won’t work. It’s not common a Democratic presidential candidate has principles. Unfortunately, this time those principles are socialism. The road to hell is paved with good intentions and the people who vote for Sanders are going to be feeling the burn worse than anyone.

If you thought socialism was scary, AOC has gone full blown communist. She says inventors, business owners, and entrepreneurs are stealing off the backs of the workers and the workers should organize and steal those businesses back.

AOC and Bernie are reactions to Trump and when this economy finally blows up on Trump’s watch, it’s going to pave the way for a socialist (or worse) president of the United States of America. And there may not be any coming back from that.

Also, I lost all my bitcoin. They’re gone.

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


Privacy & Opt-Out: https://redcircle.com/privacy

While I was at VRIC, Trump was in Davos touting to other world leaders the “unmatched” period of prosperity America is experiencing, thanks to him.

Trump claims that nobody benefits more from his presidency than the middle class. In reality, the only people benefitting are the asset owners - the 1%.

There are more women than men in the workforce for the first time ever. Housing prices and household income are at all-time highs. Trump spins these as signs of a healthy economy, but the opposite is true.

This period of prosperity America is going through is a figment of Trump’s imagination, but the Republican party and Wall St aren’t questioning it.

On CNBC, Trump tells Joe Kernen that he still doesn’t know who’s buying these negative yielding bonds. He admits to having no intentions of paying off the national debt or cutting government spending. Trump pretends we can pay for it all with the bubble that he thinks is an economic “boom.” Trump and the Fed are proving there is no exit strategy for these inflationary policies.

Tesla stock, the most heavily shorted stock has skyrocketed, putting shorts through the grinder.

Sanders passes Biden to #1 in the Democratic presidential polls. Democrats are worried because Sanders will actually try the socialist policies that they know won’t work. It’s not common a Democratic presidential candidate has principles. Unfortunately, this time those principles are socialism. The road to hell is paved with good intentions and the people who vote for Sanders are going to be feeling the burn worse than anyone.

If you thought socialism was scary, AOC has gone full blown communist. She says inventors, business owners, and entrepreneurs are stealing off the backs of the workers and the workers should organize and steal those businesses back.

AOC and Bernie are reactions to Trump and when this economy finally blows up on Trump’s watch, it’s going to pave the way for a socialist (or worse) president of the United States of America. And there may not be any coming back from that.

Also, I lost all my bitcoin. They’re gone.

Dow Jones closed above 29,000 today for the first time ever. Part of the impotence of this rally has been anticipation of the trade deal with China, but the majority of the rally is due to the policies of the Fed as it quietly returns to quantitative easing. The so-called good news of the trade deal is in the past and traders who were buying the rumors may start selling off on the facts. Especially since the facts of the trade deal didn’t even live up to the rumors.

The trade deal is a big fat disappointment that didn’t live up to Trump’s hype. It’s not even a real deal; it’s written as a bunch of suggestions that either party can back-out of at any time. The deal is a double-win for China. It supposedly commits China to buying more food and energy from the U.S., but China ends up getting the commodities they need with an easy way to unload their U.S. treasuries before they collapse. The Fed will have to buy more treasuries and print more money, to keep interest rates from going up.

Gold market stronger now after the trade deal signed. Gold’s technicals haven’t looked like this since 2000 when the dot com bubble burst and gold’s bear market ended. Americans don’t see the gold bull market that foreigners do because gold has made a new high in every currency except the U.S. dollar and is outperforming foreign stock markets, but not the U.S. stock market.

Fed released a weak jobs report with a big loss of 12,000 manufacturing jobs. Americans are working less hours and getting paid less for the hours they work.

Bloomberg wins the democratic debates by not showing up. Democratic presidential candidates are right about healthcare costs being too high, but they’re wrong about the reasons and solutions.

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


Privacy & Opt-Out: https://redcircle.com/privacy

Dow Jones closed above 29,000 today for the first time ever. Part of the impotence of this rally has been anticipation of the trade deal with China, but the majority of the rally is due to the policies of the Fed as it quietly returns to quantitative easing. The so-called good news of the trade deal is in the past and traders who were buying the rumors may start selling off on the facts. Especially since the facts of the trade deal didn’t even live up to the rumors.

The trade deal is a big fat disappointment that didn’t live up to Trump’s hype. It’s not even a real deal; it’s written as a bunch of suggestions that either party can back-out of at any time. The deal is a double-win for China. It supposedly commits China to buying more food and energy from the U.S., but China ends up getting the commodities they need with an easy way to unload their U.S. treasuries before they collapse. The Fed will have to buy more treasuries and print more money, to keep interest rates from going up.

Gold market stronger now after the trade deal signed. Gold’s technicals haven’t looked like this since 2000 when the dot com bubble burst and gold’s bear market ended. Americans don’t see the gold bull market that foreigners do because gold has made a new high in every currency except the U.S. dollar and is outperforming foreign stock markets, but not the U.S. stock market.

Fed released a weak jobs report with a big loss of 12,000 manufacturing jobs. Americans are working less hours and getting paid less for the hours they work.

Bloomberg wins the democratic debates by not showing up. Democratic presidential candidates are right about healthcare costs being too high, but they’re wrong about the reasons and solutions.