Soaring Commodity Prices Refute Inflation Forecasts - Ep 1002

Discussing Trump's proposal to annex Canada, trade deficits, Biden's inflation handling, higher commodity prices, and challenges with U.S. economic policies. Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/gold In this episode, Peter Schiff addresses the series of statements by Donald Trump regarding potential U.S. annexation of Canada and critiques the adverse impacts of Trump's and Biden's economic policies. Schiff delves into the U.S. trade deficit with Canada and Europe and the underlying economic inefficiencies that necessitate importing goods from these regions. Discussing the recent inflation surge and commodity prices hitting a 14-year high, he analyzes the Federal Reserve's missteps leading to rising consumer prices and the impact of U.S. debt, which has ballooned under successive presidencies. Schiff also covers government spending's role in driving inflation higher and touches on politically charged topics like steel production and trade sanctions. He emphasizes the ongoing structural imbalances, the role of government borrowing, and anticipates future impacts on the economy, urging a focus on precious metals and critical commodities for stability in turbulent times. 🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com 🔔 Free Reports & Market Updates: https://www.europac.com 🟡 Schiff Gold News: https://www.schiffgold.com/news 📘 Book Store: https://schiffradio.com/books 👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff 👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff 👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial 👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff Chapters: 00:00 Introduction and Canadian Politics 02:07 Trump's Trade Deficit Claims 04:10 Inflation and Economic Policies 07:08 Commodity Prices Surge 09:48 Interest Rates and Government Spending 19:50 Technical Difficulties and Podcast Continuation 21:41 National Debt and Future Predictions 26:27 Economic Reality Check: Higher Rates and Recession 26:55 Inflation Misconceptions and Market Mispricing 27:25 Trump's Interest Rate Dilemma 28:17 Commemorating 50 Years of Legal Gold Ownership 30:18 Gold and Silver Investment Opportunities 31:15 Currency Market Reactions and Tariff Talks 33:50 Fannie Mae and Freddie Mac: The Trump Trade 41:07 The Steel Industry and Economic Decline 45:52 The Future of the U.S. Economy and Inflation 50:55 Conclusion and Podcast Updates #Trump #Mexico #Canada Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy