Peter Schiff responds Jerome Powell’s remarks made during today’s FOMC. Recorded 7/26/23 on Liz Claman’s “Claman Countdown” on Fox Business. #inflation #recession #debt
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Fed’s Recession Outlook Is Wrong. Inflation Will Get Worse!
The Federal Reserve’s recent outlook on the recession may have been overly optimistic, as there are growing concerns that inflationary pressures will worsen in the near future. In fact, many indicators suggest that inflation is already on the rise and will only intensify in the coming months.
The Fed has been steadfast in its belief that inflation is transitory and will subside once supply chain issues are resolved and the economy fully recovers from the pandemic. However, this view disregards the underlying factors that are driving inflationary pressures and fails to acknowledge the potential long-term consequences.
One of the primary drivers of inflation is the excessive money supply introduced by the Fed itself. Over the past year, the central bank injected trillions of dollars into the economy through various stimulus programs. While this was necessary to support economic recovery during the pandemic, the repercussions are now starting to unfold.
A surge in consumer spending, fueled by stimulus checks and pent-up demand, has led to rising prices across various sectors. Supply chain disruptions have further exacerbated the issue, as manufacturers struggle to meet the increased demand, resulting in shortages and rising costs. These cost increases are being passed on to consumers in the form of higher prices for goods and services.
Additionally, rising wages are contributing to higher inflation. As businesses compete for a limited labor supply, they are forced to raise wages to attract employees. While higher wages may seem like good news for workers, they also lead to increased costs for businesses, which can again translate into higher prices for consumers.
Another factor contributing to inflation is the increasing cost of inputs for businesses. Prices for commodities such as oil, gas, and lumber have skyrocketed in recent months. These rising input costs are eventually passed down to consumers through higher prices for finished goods. Moreover, the global economic recovery has fueled demand for commodities, further intensifying the price increases.
The housing market is another area where inflation is evident. The surge in demand, combined with low inventory levels, has driven up home prices at an alarming rate. This not only makes homeownership more unaffordable for many but also raises the cost of rent, exacerbating inflationary pressures.
Given these mounting factors, it is highly unlikely that inflation will subside as quickly as the Fed anticipates. In fact, many economists are predicting a prolonged period of elevated inflation, which could have dire consequences for consumers and businesses alike.
Higher inflation erodes the purchasing power of individuals and reduces the standard of living. It can lead to reduced consumer spending, as people struggle to afford basic necessities. Additionally, businesses may be forced to cut costs in other areas, such as wages or investments, to compensate for rising expenses, potentially hindering economic growth.
The Fed’s reluctance to acknowledge the severity of the inflation problem is concerning. Ignoring the signs and downplaying the risks could have detrimental effects on the economy in the long run. It is crucial for the central bank to reassess its outlook and take appropriate measures to address the inflationary pressures.
In conclusion, the Federal Reserve’s outlook on the recession and inflation may not align with the reality we are currently facing. The mounting evidence suggests that inflationary pressures will worsen in the near future, posing significant challenges for consumers and businesses alike. It is imperative for the Fed to reevaluate its stance and take proactive measures to mitigate the long-term consequences of rising inflation.
what a F**king schmuck that Andy saying he loves T-bills!
Peter! You are an idiot
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
Carnival entertainment
RAISE INTEREST RATES FURTHER………………
AT LEAST BY 0.25
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $275k bond/stock portfolio
Who is this dumb shit that says there will be no resection?
The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point
Okay this is good, but With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits
I love Peter(as a brother would love his older brother) and my parents loved Peter's father Erwin, who passed away years ago from an unfortunate situation that he was in(won't go into great details about that). Peter is one of the people and even a reason why I trade the financial markets. But, outside of that, I also think that he's a genius in both knowledge and verbally. He doesn't get lost in his own thought/thought process and his ability to focus his verbage on what he is exactly thinking is on a whole new level.
The fin-Market have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
Just print trillions, only inflation and more inflation
Okay this is good, but With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits
If the government borrows trillions on behalf of the people and the people are the government.
Why do we have to pay interest on our own money and who does the interest go to?
THE FED PRINTING MONEY DOESN'T CAUSE INFLATION. PEOPLE PUTTING UP PRICES CAUSES INFLATION. A NEW THOUGHT PETER.
Working with a financial professional can actually help you prepare for life financial struggles. I'm glad I was able to call my coach Marcia Ann Bice since I was actively cashing out from my portfolio and finally made over 370k just in the first quarter while everyone else was crying about the downturn. early this year……
Petey will be back when the market tanks again.
And gold will go lower and lower and lower…dummy.
It's crazy that U.S.A spends $840B on Defense, and it's even more insane that it spends almost twice that much servicing interests on the National Debt. Yes, protecting the lives of citizens is one of the most if not the most important job of government, but how can you justify that spending if we are not at war? Al Quaeda has been dismantled. ISIS has been defeated. We are out of Afghanistan. The total given to Ukraine is peanuts, like 50B or so. So what justifies this spending? Our impending war with Russia? As seen on the film "Oppenheimer" that is utterly unthinkable. Imagine 65 million Americans disappearing in 20 minutes in a cloud of radiation and smoke. I guess Lockheed Martin, G.E and Raytheon really love sucking on the teet of American taxpayers, and need to make up all sorts of non-existing foreign threats to extort the American tax payer.
But what Shiff doesn't understand that U.S.A will never collapse like he says because of one thing: petroDollars. It's all about petro-Dollars. Shiff doesn't understand because he is a businessman specialist and knows nothing of geopolitics. If you understand geopolitics, you understand this. The U.S.A cannot collapse as long as the oil Sheiks are all vassals of the U.S.A and take their orders from Washington. As long as the global price of oil is quoted in U.S Dollars, and requires Dollars to be bought, the U.S.A has it made. America's National Debt is $33 trillion. That's cute…the U.S.A sits on an estimated 1.3 quadrillion Dollars worth of oil. In fact, about 25% of all the oil that Planet Earth holds.
People, including Shiff, don't understand this. The reason why the U.S Dollar doesn't collapse is not because the Chinese Yuan is too unstable. It's not because of the "thriving American tech industry". It's not because of "American innovation and it's universities". It is because the U.S has the Arab oil sheiks eating at the palm of it's hands.
It's not gold that is the World's most valuable physical asset, Shiff: it's oil, the non-renewable commodity that ALL of the World economy requires.
The other reason is that the Chinese and Brazilians keep working as slaves to support and prop up the U.S economy. Those two countries have massive poverty, and they would have a GDP per capita at least 2 if not 3 X higher than they do if it weren't for the fact that they keep their currencies devalued and export all their best products to the U.S.A. You can drink a much better cup of Brazilian coffee in the U.S than in Brazil, or buy a shirt made of much finer Chinese silk than what is available in America, because those 2 countries have a slave-master relationship with the U.S where they work and starve and send their finer products to America, while Americans live large and send them Dollars which they need to buy oil and not collapse. In the case of Brazil, it's just to stockpile Dollars for an emergency, since that country is self-suficient in oil.
America's National Debt is symbolic. It doesn't really matter since, because of petro-Dollars, the World has no choice but to prop it up.
This is, in fact, what "justifies" America's huge military spending: striking the terror in the oil sheiks and making them comply. So Lockheed Martin, G.E and Raytheon are happy from the huge military contracts, and American politicians are happy that they can spend as much as they want knowing that they essentially control the World's oil.
You won't get inflation down as long as Blackrock has the monopoly/full spectrum dominance over the market and is following through with the great reset, climate change agenda and whatever else they have up their sleeve to jerk us around to death. They just need to disappear altogether or we're all effed meaning the entire world.
Every stupid acronym divides the currency. The eff is so hard to understand here?
Really man, it's simple as day and night. KEEP ADDING STUPID ACRONYMS.
Honestly…… the fk?
Every stupid acronym is completely worthless.
Peter Schiff still preaching gold and missed out on all these gains this year? Lmao.
Oil prices are high again and this will drive inflation higher, our oil reserves are very low, Biden promised to refill the oil reserves and he didn’t.
Federal Reserve is nothing but a criminalise organization.
I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete novice.
BELO VÍDEO…. ESTOU NEGOCIANDO HÁ MESES. CONTINUO A TER MAIS PERDA DO QUE LUCRO. SÃO OS SINAIS OU TROCO MOEDAS ERRADAS PLS PRECISO DE ALGUM TIPO DE ASSISTÊNCIA OU CONSELHOS SOBRE O QUE FAZER?
andy is nothing but a carnival barker, shit bag full of lies .. ignore this scumbag ..
lol
Be patient everyone. The govt money will soon run out. Then you will see an explosion of social unrest.
Real unemployment should be 5-5.5%. The difference between 3.5 and 5.5% are what graeber called bullshit jobs. More recently, these are being called “lazy girl jobs”. Those have to go away. The feds cant keep paying for jobs we dont need.
The impact of inflation on people's cost of living is more significant than a crashing stock or housing market, as it directly affects them immediately. It's no surprise that negative market sentiment is widespread at present. In this economy, we genuinely need assistance to navigate and survive these challenging circumstances.
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