Kitco NEWS
This is part 1 of 2 of the full interview. Stay tuned for part 2 on the future of cryptos.
Peter Schiff, Chief Market Strategist at Euro Pacific Capital and Host of the Peter Schiff Show, discusses the latest inflation data, whether the Inflation Reduction Act will reduce inflation, and why the Fed will be forced to pivot. He spoke with David Lin, Anchor and Producer at Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Peter Schiff on Twitter: @PeterSchiff (https://twitter.com/PeterSchiff)
0:00 – Inflation news
2:52 – Inflation forecasts
6:54 – Jobs and unemployment
10:34 – Tradeoff between growth and inflation
15:41 – Inflation Reduction Act
18:54 – Stock market rally?
22:06 – ‘Zombie companies’
24:53 – Investment implications
27:20 – U.S. dollar crisis
#inflation #jobs #dollar
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Inflation cbi doesn’t inc energy or food ffs…. Do the math – it’s not rocket science……
Nice Tie ! Sharp
Schiff predicts doom and gloom… WTF is new?
"Creatures of the Bubble. "
Where is part 2? 🙂
Peters a legend
we will know before the end of the year if peter is right about inflation getting worse
Pessi Peter will be rite eventually! Love this man's passion.
Peter still…….. THE MAN
Why would you guys even consider interviewing this deadbeat fraudster?
Stupid is as stupid does or as stupid says. Saying there is zero inflation in July is like saying that I was really sick last month but I am no sicker this month. That's not good news.
Where is part 2?
Crypto or some kind of digital currency is the future
PEOPLE PLEASE PULL UP PETER'S PAST! HE HAS BEEN SCREAMING CRASH, BUY GOLD, DOOMS DAY HIS WHOLE LIFE! JUST SPEND 5 MINUTES PULLING UP VINTAGE VIDEOS. HE HAS A LOT OF THEM! GUESS THIS IS GOOD FOR HIS POCKETS! THINK ABOUT IT A SIMPLE BUSINESS MODEL. SCREAM CRASH, SCREAM BUY GOLD, THEN HE HANDS YOU A CARD! WASTE OF TIME FOR YOUR VIEWERS. A DISSERVICE..LOOK IT UP!
INFLATION IS NOT GOING TO HANG AROUND! THERE IS HUGE NUMBERS OF PEOPLE TURNING 65 EVERY DAY FOR 15 YEARS, OLD PEOPLE DO NOT SPEND AND THEY DONT PRODUCE, THIS WILL BRING INFLATION DOWN! HE IS DEAD WRONG! IT IS THE OPOSITE! WAIT AND SEE!!
hello
Peter said it. Zero inflation announcement and explanation IS an INSULT to Americans.
Re: Peter Schiff
Peter is a "master" at making a career in "predicting" .
Regards –
Peter just has no idea of the web3 economies being built across the leading blockchains right now. Yes lots of risk, some will fail but it is real economic activity in a digital world. It's more likely going to 10 trillion in the next decade than 0.
Brandon is awesome. We also had 0% crime, 0% poor test scores, 0% supply delays also. DeSantis 2024.
Peter Schiff cheat code: unlimited views every video. Nice move Kitco.
And people think this is good .
Biden said that??? Either he doesn't care to lie outright or he knows zip about macroeconomics.
Nice content. The ability to create something which is not duplicable in the digital world has enormous value… Lot’s of people will build businesses on top of that. in the past year crypto currency investment has been a way to help solve that problem. Who knows about Crypto let's discuss….
Peter Schiff for Fed Chairman 2024!
Shouldn't laugh about having someone so obviously unqualified as President – it reflects badly on all of you
It's interesting. I remember Jimmy Carter and the inflation and 20% interest rates. And the fact the credit became more sound and everyone made lots of 💰.
And of course balancing the much smaller budget was talk of the town.
This is a cycle that we repeat over and over.
All these ‘experts’ keep predicting market crashes that never come
PART2 PLEASE!!
Which is why everyone needs to buy gold b/c this guy has a shitload of gold! Don’t you understand how fucking valuable gold is??!!
Peter the great! Best economist out there.
Because every word out of Biden's Mouth is a LIE. It is time to RAISE AN ARMY against the Tyranny.
It's going to be so bad even my Homeless Tent on the sidewalk won't be tax deductible anymore according to the new IRS agents.
As usual Peter always the Man
Peter will never admit the FED is buying it all! The FED is buy bonds, stocks, MBS, etc., keeping the market propped up and JPM is manipulation precious metals!
A stopped clock is mathematically correct twice/day
Peter Schiff has an incredible grasp on the second order consequences of this crazy government/central bank run economy. I’m trying hard to spread the word to my local group of family and friends but feel I’m coming up short. Maybe I need to clockwork orange them all and make them listen to Peter? lol
Come in United Kingdom…inflation rediculus amount energy highest we don't have choice change suppliers since all increases prices in europe … Who blame Biden admin..world suffering making America.
America increases rates and world hold tail America .
Absolute Gold Peter. TRUTH!
There has never been zero percent except after an economy has flat lined or is completely dead ☠️
Is Mr. Schiff bankrupt? When I saw his debate about Bitcoin, he looked in control. Now he looks totally lost speaking bulsch. Is Fed really out or is it just the Schiff family out?
Peter rules
I totally disagree with him generation x is now starting the prime years where they buy things this will of course continue pumping the economy while at the same time the boomers are retiring, which is leaving a hole in the worker market this is a time of a great shift
UK Inflation set to hit 13% by end of the year, and that's coming from the BoE so add at least another 5% if your a shadowstatter… :o(
I love hearing a schiff talk about free markets while he cozies up to the CCP haha
Edit: spelling
This is the end
Fear, fear, fear. While he shorts the market. SMH
USD is king. All fiat currencies depreciate by design nothing new.