About this episode
Analyzing bond yields, Fed policies, national debt impacts, and contrasting Bitcoin's speculative rise against gold's decline post-Trump win. 📣 Sign up for a $1/month trial period at https://shopify.com/gold 📣 ExpressVPN: Get an extra 3 months free. https://expressvpn.com/gold In this episode, Peter Schiff explores the current market trends led by the bond market and their broader impacts. He discusses the recent high yields on U.S. Treasuries, Fed rate cuts, and inflation adjustments. Schiff critiques the enormous rise in national debt under both Trump and Biden administrations and cautions against further deficit spending. He delves into the implications of rising interest rates on the housing market, the dollar's strength, and gold prices. Schiff also comments on the speculative nature of Bitcoin, and the potential consequences of the U.S. government's proposed involvement in Bitcoin transactions. He shares his skepticism about the Department of Government Efficiency and the unrealistic expectations for spending cuts. Peter Schiff emphasizes the importance of sound economic policies and the dangers of continued fiscal irresponsibility. 🟨 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 00:00 Introduction: The Trump Trade and Bond Market Dynamics 02:13 Impact of Fed Rate Cuts on Treasury Yields 03:34 National Debt and Presidential Records 07:08 Bitcoin vs. Gold: Market Reactions 07:44 Senator Loomis' Bitcoin Proposal 10:57 Sarcastic Social Security Plan with Bitcoin 17:19 Debunking the Strong Economy Narrative 19:22 Rising Interest Rates and Inflation Concerns 26:24 Department of Government Efficiency: A Joke? 30:39 Challenges in Cutting Government Programs 31:03 Reagan's Failed Attempts and Trump's Prospects 32:13 The Reality of Government Job Cuts 33:48 Trump's Spending Promises vs. Reality 36:50 Bitcoin and the Financial Bubble 44:51 The Constitutional Debate on Money Printing 50:35 The Federal Reserve's Role and Independence 53:00 Conclusion and Future Outlook #FederalReserve #TrumpTrade #BitcoinPrice 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