About this episode
Stock and Bitcoin trends, Fed's influence on metal prices, policy impacts on economy, and tariff effects on manufacturing. For 20% off your Momentous order, head to https://livemomentous.com and use code GOLD. Get $20 credit by being one of the first 500 traders. https://kalshi.com/gold Peter provides a comprehensive analysis of the current economic and political landscape. Beginning with the record highs in the Dow Jones and the booming interest in Bitcoin, Peter attributes market optimism to Donald Trump's rising poll numbers and potential tax cuts. He critiques the Federal Reserve's rate cuts and their long-term implications on interest rates and the U.S. dollar. Peter dives into the disconnect between rising long-term interest rates and stable gold prices, and highlights the growing interest in Bitcoin among traders. He also scrutinizes Kamala Harris's faltering poll numbers and her economic proposals, arguing against government intervention in business funding and advocating for free-market solutions. Delving deeper, Peter discusses the negative impact of tariffs and the decline of American manufacturing, urging for deregulation and tax cuts. Concluding with a discussion on the hidden costs of tariffs, taxes, and government spending. 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 Timestamps: 00:00 Introduction and Orlando Money Show Announcement 01:51 Market Trends and New Highs 02:42 The Trump Trade and Bitcoin 09:38 Gold and Silver Market Analysis 17:48 Oil Prices and Political Influence 20:46 African American Vote and Political Strategies 33:31 The Flawed Business Model 33:52 Unconstitutional Programs and Racial Criteria 36:34 The Problem with Government Funding 38:44 Occupational Licensing Laws 42:34 Tariffs and Economic Misconceptions 45:58 The Decline of American Manufacturing 51:12 The Real Impact of Tariffs 53:58 The History and Consequences of Taxation 57:32 Conclusion and Final Thoughts 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