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🔴 Data Revisions Confirming What Voters Already Knew - Ep 993
Peter Schiff discusses gold market trends, the impact of the dollar, economic policies following Trump's win, and potential inflation.
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Peter Schiff's Stand-Up Comedy at NY's Funniest Reporter Show: https://www.youtube.com/watch?v=ne__pTRAenc&t=42s
Peter Schiff discusses the latest economic events and their implications. He reflects on his recent New Orleans conference attendance, highlighting the subdued atmosphere despite a significant rally in gold prices. Schiff criticizes the inaccuracies in government job reports and anticipates major downward revisions. He also debates the misleading perception of a strong U.S. economy under Trump and explores the potential consequences of a proposed Bitcoin reserve funded by selling U.S. gold reserves. Schiff underscores the flaws in current economic policies, the dangers of misallocated investment capital, and the potential impact on the U.S. economy. He scrutinizes the nomination of Scott Bessent as Treasury Secretary and anticipates future Fed actions under a Trump administration.
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Timestamps:
00:00 Introduction and Opening Statements
01:47 Peter Schiff's Recent Activities and Gold Conference Insights
03:28 Gold Market Analysis and Economic Commentary
07:14 Bitcoin and Cryptocurrency Discussion
08:23 Upcoming Job Report Revisions and Economic Implications
19:04 Gold Stocks and Market Sentiment
21:17 Bitcoin Reserve Proposal and Government Policies
28:24 Bitcoin Bubble and Economic Impact
29:19 Trump Administration and Bitcoin Policies
33:11 Scott Besant: Treasury Secretary Nominee
33:57 Trump's Shadow Fed Chairman Strategy
37:13 Strong Dollar Policy and Economic Implications
44:45 Ponzi Scheme Allegations Against the Government
54:46 Conclusion and Call to Action
#gold #bitcoin #economy
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