America’s Trade Problems Are Made in the U.S.A. - Ep 2023

Peter Schiff critiques Trump's market manipulations, discusses gold and Bitcoin's movements, and highlights economic weaknesses, suggesting gold mining stocks as a superior investment strategy. This episode is sponsored by Kalshi. Get $10 when you sign up and makes a $100 trade by 4/28/25 at https://kalshi.com/gold New song by Laughing Cats: https://open.spotify.com/album/5u5RJ6to4r0onnugvZt3mZ?si=jQO0r0jDQx2yPc2D73Of3A Peter Schiff discusses the market's recent rally as a bear market rally and critiques former President Donald Trump's offhand comments about Jerome Powell's rate policies. Schiff argues that Trump's administration manipulated markets with strategic statements, but didn't address the fundamental economic issues, like the hollowing out of America's manufacturing base. Schiff also discusses gold's surge to a near all-time high, contrasting it with Bitcoin's performance. He criticizes the U.S. focus on becoming a crypto superpower at the expense of industrialization. Schiff concludes with commentary on rejected mortgage refinancing applications and existing home sales reflecting economic weakness, promoting gold and gold mining stocks as the best investment strategy. 🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com 🔔 Free Reports & Market Updates: https://www.europac.com 📘 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 Opening Remarks 00:56 Market Turnaround Analysis 01:53 Trump's Influence on the Market 02:54 Gold and Dollar Movements 06:00 Fed's Political Influence 20:13 Gold Mining Stocks Performance 27:37 Bitcoin and Crypto Market 29:40 Trump's Approval Ratings and Economic Promises 31:41 Economic Trends Under Trump 31:59 Media's Role in Economic Perception 32:26 Impact of Tariffs on the Economy 33:39 Public Reaction to Economic Policies 34:42 Trade Deficits and Blame Game 36:41 Misconceptions About Tariffs 38:48 Global Trade and Economic Realities 42:58 Trump's Economic Strategies and Their Flaws 45:07 Recession and Economic Indicators 54:48 Conclusion and Personal Notes 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