The Peter Schiff Show Podcast

It’s Not Bad News Until The Fed Says It’s Bad – Ep. 191

03 Sep 2016

Contributed by Lukas

*  On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever * Because it was going to determine ...

The Fed Up Fix Is In – Ep. 190

31 Aug 2016

Contributed by Lukas

* The price of gold continues to retreat * Gold was down about $12 today; it closed around $1310 * The dollar index up again as more and more p...

Yellen Basically Admits The U.S. Is A Banana Republic – Ep.189

27 Aug 2016

Contributed by Lukas

* Earlier today Janet Yellen delivered her much-anticipated and way over-hyped speech at the annual Jackson Hole Symposium * It wasn't as irrelev...

When Janet Yellen Talks, Why Do People Still Listen? – Ep. 188

25 Aug 2016

Contributed by Lukas

* The price of gold fell about $12/oz today; silver prices were down another .28 * Both metals have been falling since recent new yearly highs ...

Fed Advocates Higher Inflation And Larger Deficits! – Ep. 187

17 Aug 2016

Contributed by Lukas

* The dollar was broadly weaker today with the dollar index closing down .85 to 94.78 * At that time gold was up about $18; sliver up about .25 ...

Kill The Estate Tax To Save Jobs – Ep. 186

10 Aug 2016

Contributed by Lukas

* Today we got the official numbers for Q2 Non-Farm Productivity and the consensus was that it would increase for the first time in 3 quarters; the...

“Strong” Jobs Report More Politics Than Economics – Ep. 185

06 Aug 2016

Contributed by Lukas

* What a difference a week makes, or maybe and economic report * The two big reports that everybody seems to focus on are the GDP numbers and the...

Will The Fed Sacrifice The Recovery Myth To Save The Markets? – Ep.184

03 Aug 2016

Contributed by Lukas

* The carnage in global stock and bond markets continues; it really got started last night in Japan * The JGB (Japanese Government Bonds) dropped...

FOMC Upstaged By DNC – Ep. 183

28 Jul 2016

Contributed by Lukas

*  Today the Federal Reserve concluded its 2-day FOMC meeting and it announced - surprise, surprise - that interest rates are not going up * But...

Playing The Trump Card – Ep. 182

23 Jul 2016

Contributed by Lukas

* It's official. The unthinkable, according to the status quo earlier in the campaign, Donald Trump is the Republican Nominee * Although many wr...

One Quarter-Point Rate Hike Does Not Make Me Wrong – Ep. 181

20 Jul 2016

Contributed by Lukas

* I was in Las Vegas for the Freedom Fest and following that I went to Vancouver for a one-day gold conference * One of the things I wanted to disc...

SchiffGold Joint Venture With GoldMoney

09 Jul 2016

Contributed by Lukas

* I'm sitting with Josh Crumb, the co-founder of a company that was originally called BitGold but following the acquisition of James Turk's GoldMone...

Market Reaction To Jobs Report Confirms My Hypothesis – Ep. 180

09 Jul 2016

Contributed by Lukas

* Today we got the Non-Farm Payroll report for the month of June * Remember the last 2 reports were quite weak and everybody was hoping for a rebou...

Fed Minutes Reveal The Easing Cycle Has Already Begun – Ep. 179

07 Jul 2016

Contributed by Lukas

* Gold and silver prices continue to march higher * Gold was up another $7 today; it closed at $1363.20 - that is the high for the year * Silver w...

Why Buy Bonds When You Can Buy Gold? – Ep. 178

01 Jul 2016

Contributed by Lukas

* I wish everybody a happy July 4th weekend; U.S. markets will be closed * It's unfortunate that we can't really celebrate all the traditions that ...

If The Markets Were Healthy Brexit Would Be A Non- Event – Ep.177

29 Jun 2016

Contributed by Lukas

* It was Turnaround Tuesday in the global financial markets as stocks are recovering from 2 days of carnage following the surprise Brexit vote in th...

Brexit Is Not The Reason; It’s The Catalyst – Ep. 176

25 Jun 2016

Contributed by Lukas

* The British actually voted to leave the EU and it wasn't even that close * I think by midnight last night EDT it was obvious that Leave was going...

Janet Yellen Doesn’t Know Murphy’s Law – Ep.175

23 Jun 2016

Contributed by Lukas

* I'm on vacation this week but I did take a little time out to little time out to listen to Janet Yellen's semi-annual "Humphrey-Hawkins" testimony...

Alien Invasion More Likely Than July Rate Hike – Ep.174

17 Jun 2016

Contributed by Lukas

* Gold closed the week at the highest weekly close since January of 2015 * Not quite above the $1300 benchmark - I think we closed about $1298 - up...

Brexit Not The Reason Fed Won’t Hike In June – Ep. 173

14 Jun 2016

Contributed by Lukas

* This is the week of the June FOMC meeting, although it's really going to be a dud * For a while there was speculation that the Fed was going to p...

Government Schools Dumb Down The Electorate – Ep.172

08 Jun 2016

Contributed by Lukas

* Janet Yellen spoke yesterday and this was the first time she spoke following the release of the much weaker than expected Non-Farm Payroll report ...

May Jobs Report Takes June Rate Hike Off The Table – SchiffReport

04 Jun 2016

Contributed by Lukas

* It was a few weeks ago, following the release of the FOMC meetings, in which the various governors appeared quite hawkish in their tone * They we...

Yellen Loves Economics; Too Bad She Doesn’t Understand It – Ep. 171

01 Jun 2016

Contributed by Lukas

* Well the tone and tenor of the discourse of the various market pundits and Wall Street economists seems to be that this recovery is on track * I ...

Stock Market Bulls Charge Again On “Rate Hikes Don’t Matter” – Ep. 170

25 May 2016

Contributed by Lukas

* It really is amazing how short memories are on Wall Street * This seems exactly like December when everybody was convinced that a rate hike would...

Fed Cries Wolf, Traders Come Running – Ep. 169

18 May 2016

Contributed by Lukas

* I wanted to record a short podcast today just to discuss the FOMC (Federal Open Market Committee) minutes that were released at 2:00pm this aftern...

Goodbye Fed Credibility, Hello Stagflation – Ep. 168

17 May 2016

Contributed by Lukas

* Another volatile day in the stock market sees the major averages deep in the red * The Dow was down just over 1%; down 180 points, 17,529 * The ...

How Much More Bad News Can The Markets Withstand? – Ep. 167

13 May 2016

Contributed by Lukas

* The markets continue, really, to ignore all of the overwhelming bad news * Bad news on the economy, bad news on the corporate earnings front, ret...

Politics Trumps Truth – Ep. 166

10 May 2016

Contributed by Lukas

* Today I really want to talk more about Donald Trump, in particular, the firestorm that I think I lit with respect to Trump comments with respect t...

Ep. 165: Markets In Denial About Jobs As Trump Lets Truth Slip About Debt

07 May 2016

Contributed by Lukas

* Today we got the government's Non-Farm Payroll report, otherwise known as the Jobs Report, for the month of April and pretty much all the mainstre...

It’s Government Not Technology That Lowers Living Standards – Ep.164

05 May 2016

Contributed by Lukas

* And then there was one; Donald Trump is now the presumptive Republican Presidential nominee for 2016 * I remember when this Republican Primary st...

Dollar Dives, Gold Thrives, Puerto Rico Defaults – Ep. 163

03 May 2016

Contributed by Lukas

* Gold finally traded about $1300 this morning; it was the first time since January of 2015 that the price of gold traded above $1300 * But by the ...

Gold and Currency Markets Expose U.S. Recovery Myth – SchiffReport

30 Apr 2016

Contributed by Lukas

* Friday April 29, 2016 was the final trading day for the month of April and I think this will turn out to be a pivotal month for the month of April...

It’s Crunch Time For The Fed As Stagflation Looms – Ep. 162

26 Apr 2016

Contributed by Lukas

* Earlier today the Federal Reserve Open Market Committee, (FOMC) began their 2-day meeting * It concludes tomorrow and at 2:00 they will announce ...

Let’s Go Crazy – Episode 161

21 Apr 2016

Contributed by Lukas

* I recorded my last podcast on the afternoon of April 19, and I wanted to announce that later that evening, my first daughter was born - we named h...

Silver Shines as Goldman Sachs Dims – Ep. 160

19 Apr 2016

Contributed by Lukas

* Hi-Ho Silver! Seems to be the rallying cry for the day * The last podcast I recorded I talked about the breakout in silver and I actually regrett...

Does The Silver Market See What The Atlanta Fed Missed? – Ep. 159

15 Apr 2016

Contributed by Lukas

* This is another week of bad economic data that most people have ignored * The stock market was up this week; the Dow closed up 1.8% on the year ...

Obama and Yellen Recovery Narrative Unraveling Fast – Ep. 158

11 Apr 2016

Contributed by Lukas

* The dollar index traded below 94 for a good part of the day, but it did manage to close up at 94 even, down just .20 * Gold was up another $19 *...

Trump’s Very Massive Recession May Have Already Begun – Ep. 157

05 Apr 2016

Contributed by Lukas

* Today is the Wisconsin Primary but Donald Trump has been getting a lot of flack in the media over the last couple of days about his comments about...

Jobs Report Merely An April Fool’s Joke – Ep. 156

01 Apr 2016

Contributed by Lukas

* Well, it's April Fool's Day today and there certainly were a lot of fools out on Wall Street buying all the nonsense about the better than expecte...

When Doves Talk, Gold Listens – Ep. 155

29 Mar 2016

Contributed by Lukas

* All the talk last week in the financial media was the fact that several Federal Reserve officials had given speeches somehow putting April back on...

Fed Bankers Bark But Won’t Bite – Ep. 154

25 Mar 2016

Contributed by Lukas

* The markets are closed on Good Friday, the markets are closed, but I did want to take time to record this podcast * Some people were wondering wh...

Government Encourages Student Debt While Discouraging Hiring – Ep. 153

23 Mar 2016

Contributed by Lukas

* Before I get into the economic news of the past couple of days, the big event today was the terrorist attacks in Belgium and I want to offer my co...

Yellen’s Feet Were Always Cold – Ep. 152

17 Mar 2016

Contributed by Lukas

* Happy St. Patrick's Day everybody and to those of you who have been waiting since yesterday for this podcast, you won't be disappointed * Yesterd...

Can Trump Make America Great Again? – Ep. 151

14 Mar 2016

Contributed by Lukas

* We have some key primary elections coming up tomorrow and I want to take an opportunity to do a podcast on Donald Trump and the Trump phenomenon ...

Draghi’s Bazooka Backfires, Gold Explodes – Ep.150

11 Mar 2016

Contributed by Lukas

* Mario Draghi at the ECB fired his big bazooka today; people had anticipated that that would be the case * In fact, it seems like he fired a bigge...

Why Didn’t the Fed “Just Say No”? – Ep. 149

10 Mar 2016

Contributed by Lukas

* So far it's been a pretty light week but what little economic data that has been released is bad, and all of it evidences the recession that nobod...

Part-time Employment SURGES as Weekly Earnings Drop the MOST EVER!

06 Mar 2016

Contributed by Lukas

* The media, the Federal Reserve and President Obama continue to ignore the overwhelming evidence out this week, in fact every week for the past cou...

Thoughts On The Economy, Buffet, Oscars & Politics – Ep.148

01 Mar 2016

Contributed by Lukas

* The Dow finished the last trading day in February, with a 123-point decline, in fact the Dow Jones closed at the low of the day; the NASDAQ was do...

Even Cramer Can See Bullard Is Blind – Ep. 147

26 Feb 2016

Contributed by Lukas

* The rally in the U.S. stock market continues, the Dow closing up more than 212 right at the high of the day * It's not just the Dow Jones that is...

Recession Hiding in Plain Sight – Ep. 146

25 Feb 2016

Contributed by Lukas

* We had some wild swing in the market today, particularly the stock market and the gold market * At one point this morning, the Dow Jones was down...

Stagflation Rears Its Ugly Head – Ep.145

24 Feb 2016

Contributed by Lukas

* It looks like Jamie Dimon's bottom turned out to be the trap door I thought it was, with the Dow Jones today down almost 190 points * The marke...

Gold Sacks Goldman Sachs – Ep. 144

19 Feb 2016

Contributed by Lukas

* What a difference two days make! Two days ago I recorded my podcast, "Goldman Sachs Sacks Gold", and that was because Goldman Sachs' comments abou...

Goldman Sachs Sacks Gold – Ep. 143

17 Feb 2016

Contributed by Lukas

* The big story of the day was the pullback in the price of gold * Gold was above $1260 last week; it pulled back a little bit on Friday, but the r...

Janet Yellen Channels Scott Nations – Ep. 142

12 Feb 2016

Contributed by Lukas

* Big day in gold today; gold broke over $1200 for the first time in almost over a year, in fact we hit a new 1-year high * I saw gold trading abov...

Yellen Throws Sinking Market an Anchor – Ep. 141

11 Feb 2016

Contributed by Lukas

* Janet Yellen was up on the Hill today for the first of her two-day testimony before Congress * Remember I said the only way that Janet Yellen cou...

Scott Nations Claims Peter Schiff Was Never Right – Ep. 140

10 Feb 2016

Contributed by Lukas

* It was another volatile day in the U.S. stock market, with the Dow swinging from positive to negative to positive to finally closing negative, but...

Gold Hits $1,200 as Financials Get Hit – Ep. 139

09 Feb 2016

Contributed by Lukas

* As I mentioned in my video blog I recorded on Friday,  the jobs data that came out on Friday was just not weak enough for the market * So the ma...

Weak Jobs Report Not Weak Enough For Stocks – Schiff Report

06 Feb 2016

Contributed by Lukas

* It really was a brutal week on Wall Street, led by the tech-heavy NASDAQ, which is down about 5-1/2% on the week; 3% of that alone came today, now...

Recovery Fantasy Persists Despite Recession Evidence – Ep. 138

05 Feb 2016

Contributed by Lukas

* So far the month of February is just 4 trading days old, and already the U.S. dollar index is down just over 3 percent * We closed January at 99....

Dow Tumbles on Cruz Iowa Caucus Win – Ep. 137

03 Feb 2016

Contributed by Lukas

* It was another tough day in the stock market today; the Dow Jones finished down 295 points, NASDAQ fared even worse, down 103 points, that's about...

BOJ Goes Negative, 2 Down 1 To Go ! – Ep. 136

30 Jan 2016

Contributed by Lukas

* First it was the ECB, and then it was the Bank of Japan, cutting interest rates overnight to -.1% * That is the first time in this 20-year experi...

The Short Lady Has Not Sung Ep.135

29 Jan 2016

Contributed by Lukas

* As I said in my last podcast, when the the Federal Reserve issued its press release yesterday at 2:00pm, Janet Yellen did not give the markets the...

This Time It’s Different Ep. 134

27 Jan 2016

Contributed by Lukas

* The Mario Draghi "No-Limits"-inspired rally from Thursday and Friday of last week ended on Monday with the Dow Jones down just over 200 points; th...

The ECB Rescues The Markets – Ep. 133

23 Jan 2016

Contributed by Lukas

* The U.S. stock market ended the week with a 2-day rally, in fact the Dow Jones closed better than 200 points today, to about 1690 *  NASDAQ, eve...

It Looks Like a Recession Because It Is One – Ep. 132

21 Jan 2016

Contributed by Lukas

* The bear market in global stocks continues, and I believe we're in a bear market in the U.S. * Technically the major averages are not quite down ...

Fed’s Denial Risks More Than Its Credibility Ep.131

16 Jan 2016

Contributed by Lukas

*  The Dow  Jones ended another down week on a down note, dropping 390 points * The NASDAQ was down 126 points *  This is the worst January in ...

Obama Delivers the Most Clueless SOTU Address Ever – Ep.130

13 Jan 2016

Contributed by Lukas

* Last night I watched President Obama deliver the State of the Union Speech and probably the only good thing about the speech is that it was his la...

Deja Vu All Over Again – SchiffReport January 8, 2016

09 Jan 2016

Contributed by Lukas

* Hi everybody, this is Peter Schiff and I am recording this on Friday, January 8, and Wall Street just finished the worst opening week to a new yea...

Fallout From the Fed Not North Korea Shocked the Markets – Ep. 129

07 Jan 2016

Contributed by Lukas

* Well the Dow Jones got clobbered again today, down 252 points at the close * The NASDAQ down about 55 * The transports continue to get clobbered...

Stocks Start Year With Biggest Drop in 84 Years – Ep. 128

05 Jan 2016

Contributed by Lukas

* The U.S. stock market opened the first trading day of 2016 with a bang, but not the type of bang the bulls were hoping for * The Dow was down 276...

Bubbles Popping On Wall Street This New Year’s Eve – Ep. 127

31 Dec 2015

Contributed by Lukas

* Let me begin my final podcast of 2015 by wishing all of my listeners a Happy New Year * It certainly wasn't a happy New Year's Eve Day on Wall St...

CNBC Calls Me Out on Gold – Ep. 126

22 Dec 2015

Contributed by Lukas

* Recording this podcast on Monday afternoon; the stock market closed about an hour ago, and the stock market was up over 100 points today, but the ...

Janet Yellen Gets Nuts – Ep. 125

18 Dec 2015

Contributed by Lukas

*  Yesterday, the Federal Reserve finally met market expectations and increased interest rates to .25% * Actually, the official rate was 0 - .25 a...

Is the Fed Playing Chicken With the Stock Market? – Ep. 124

12 Dec 2015

Contributed by Lukas

* The U.S. stock market finished up its worst week since August, when everybody though a rate hike was just around the corner * Substantial triple-...

Data Be Damned, Rate Hike Ahead?

08 Dec 2015

Contributed by Lukas

* We are just about a week away from the Federal Reserve's first rate increase in about 10 years * Everybody believes the stage is set for liftoff ...

Draghi Fails To Deliver. Will Yellen Be Next? – Ep. 123

04 Dec 2015

Contributed by Lukas

* Mario Draghi of the ECB sent shockwaves through the foreign exchange and currency markets today * He didn't deliver the stimulus traders expected...

Yellen’s Confidence Defies Data, Logic, and Common Sense – Ep.122

03 Dec 2015

Contributed by Lukas

* The price of gold was down another $15 today, a 6-year low * Selling began early this morning following a better than expected jobs report from A...

Weak Holiday Sales Confirm The Best Bargain Is Gold – Ep. 121

30 Nov 2015

Contributed by Lukas

* I am recording this podcast on Cyber Monday * Cyber Monday first got its name because e-commerce wanted its own version of Black Friday * It's l...

Retailers May Still Be In The Red After Black Friday – Ep. 120

25 Nov 2015

Contributed by Lukas

* Tomorrow is Thanksgiving Day, one day before Black Friday * The one day of the year where Americans make their annual pilgrimmage there they stam...

Did The Fed’s Luck Run Out On Friday The 13th? – Ep. 118

14 Nov 2015

Contributed by Lukas

* Friday the 13 was an unlucky day on Wall Street * The Dow was down over 200 points - the second back to back decline of over 1% since August * W...

Markets, Economy, Republican Debates – Ep. 117

13 Nov 2015

Contributed by Lukas

* When I recorded my last video blog, I mentioned how positively the market reacted to jobs report, which could signal the Fed to raise rates * I s...

Over-Hyped Oct. Jobs Report Does Not Assure Dec. Rate Hike – Schiff Report

07 Nov 2015

Contributed by Lukas

* Friday, November 6, 2015 * Earlier today the government released the Non-Farm Payroll Report for the month of October * I was told that this was...

The Great Rate Hike Hoax – Ep. 116

05 Nov 2015

Contributed by Lukas

* Here we go again; Janet Yellen was on Capitol Hill testifying about the banking system * Forget about all her comments about how solvent the bank...

Fed Continues To Extend And Pretend On Rate Hikes – Ep.115

29 Oct 2015

Contributed by Lukas

* I am recording this podcast from New Orleans, where I am attending the Investment Conference * Today, I am going to talk predominantly is the FOM...

ECB Opens The Door To More QE – Ep.114

22 Oct 2015

Contributed by Lukas

* This is the first podcast I've been able to record since the death of my father, Irwin Schiff, who passed away on Friday * If you're interested i...

Walmart Is The Canary In The Retail Coal Mine – Ep.113

15 Oct 2015

Contributed by Lukas

* We finally got some economic news today, all of it bad * All of it "unexpected"... * Hope springs eternal on Wall Street * That's why the Feder...

Fed Worried Cost of Living Not Rising Fast Enough – Ep. 112

09 Oct 2015

Contributed by Lukas

* The Dow Jones finished up almost 140 points - back over 17000 * The Dow has now rallied 1,000 points since its lows on Friday following the lower...

Video Blog: September Jobs Report Confirms Weakening Labor Market

03 Oct 2015

Contributed by Lukas

* It is the first Friday of the month, and that means that this morning we got the September Non-Farm Payroll number * Anyone who has listened to m...

President Trump and Treasury Secretary Icahn? – Ep. 111

30 Sep 2015

Contributed by Lukas

* It's been over a week since I did my last podcast there's been a lot of economic news - almost all bad * The markets have been under pressure -...

Yellen Admits Rates Could Stay at Zero Forever – Ep. 110

18 Sep 2015

Contributed by Lukas

* Tuesday's podcast was titled, "Will She or Won't She?" referring to whether or not Janet Yellen would announce an interest rate hike for the first...

Will She or Won’t She? Ep. 109

16 Sep 2015

Contributed by Lukas

* Tomorrow we have the most highly anticipated Fed meeting ever, but this will not be the last time I'll say this * We'll also be anticipating Octo...

Weak Data Belies Fed’s Upbeat Narrative – Ep. 108

11 Sep 2015

Contributed by Lukas

* The U.S. stock market finished out this holiday-shortened week on an upnote with the Dow Jones up just over 100 points * This was the best week t...

Rate Hike Fear JOLTS Markets – Ep. 107

10 Sep 2015

Contributed by Lukas

* Another day, another 450-point swing in the Dow Jones * The market opened about 250 points higher off the back of overseas markets * Japan was t...

Did August Jobs Ready Fed for Sept. Rate Hike?

04 Sep 2015

Contributed by Lukas

* Earlier today we released the most important Non-Farm Payroll report ever, at least according to the media * A WSJ article stated that this repor...

Fed Casts Extras In Its Rate Hike Show

01 Sep 2015

Contributed by Lukas

* The Dow just finished its worst month in over 4 years * A lot has happened in the market since I recorded my last podcast * When I recorded that...

Will the Fed Rescue the Stock Market? – Ep. 105

25 Aug 2015

Contributed by Lukas

* It wasn't a Black Monday of the 1987 variety, but it was one for the record books * The Dow was down opened downjust over 1,000 points - the bigg...

U.S. Stock Market Correction Not Made In China – Ep.104

22 Aug 2015

Contributed by Lukas

* What a week for global stock markets, but in particular, the U.S. stock market, which had its worst week in 4 years * The Dow Jones down better t...

FOMC Minutes Confirm Fed Rate Hike Rocket Not Ready for September Liftoff – Ep. 103

20 Aug 2015

Contributed by Lukas

* Today the FOMC minutes were released at 2:00 today and this is the last look inside the head of the FOMC members before September * Now expectati...

Don’t Expect a Normal Reaction to an Abnormal Situation – Video Blog

11 Aug 2015

Contributed by Lukas

* On Friday we finally got the Non-Farm Payroll numbers for July * The consensus is that this reports indicates that an interest rate hike is inevi...

Will The Bad News Finally Matter? – Ep. 101

10 Aug 2015

Contributed by Lukas

* One piece of positive economic news ISM Non-Manufacturing Index for July surged to 60.3 - highest number in 10 years * The ADP Employment Report ...