Peter Schiff

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I'm glad I moved out of California years ago. What a disaster this will be for the state if this harebrained proposal is actually passed.…
In case you missed me last night on Fox News.…
OCIF decided to put Euro Pacific Bank into receivership despite its having no debt, no loans, no unpaid bills, and a highly qualified buyer willing to add millions in additional excess capital. It's not my fault depositor's money has been tied up in red tape for over five months.
So many people are convinced that the period of high #inflation is coming to an end. High inflation is not only here to stay, but it's headed much higher. #Congress won't raise taxes and they won't stop increasing spending. High inflation is how Americans will cover the deficits.
Something Is Rigged: Unexplained, Record 2.7 Million Jobs Gap Emerges In Broken Payrolls Report…
Retweeted by Peter Schiff
Today's #jobs report was not strong. The economy only added 14K manufacturing jobs, and the labor force participation rate fell to 62.1. Wages rose, but hours worked fell. Non-productive service sector jobs will just add more upward pressure to trade deficits and consumer prices.
Correction, I will be on with @robertwolf32, an unabashed capitalist. I misread the email from the producers.
I'll be live on @FoxNews tonight at 10:30 PM EST discussing the true state of the U.S. economy with @IngrahamAngle. Joining the conversation will be Marxist @profwolff. There are a lot of Marxist professors on U.S. college campuses. At least Wolff is honest enough to admit it.
Fed Soft Pivot in Play; Markets Ignore J. Powell’s Hawkish Talk @SchiffGold…
Gold won, as did the people who picked #gold over #Bitcoin. Gold always wins. HODLets, it's not to late to sell your fool's gold and buy the real thing. But if you wait much longer it will be.
Continuing Jobless Claims Hit 10-Month Highs As Layoffs Exploded In November…
Retweeted by Peter Schiff
#Gold verses #Bitcoin: Which is more likely today?
#Gold rose above $1,800 as the #Dollar Index fell below 105. This despite #Powell's lip service that the #Fed will do whatever it takes to reduce #inflation. Precious metals and currency traders realize it's all talk. By early 2023 the Fed's helicopters will be in full flight.
Oct. construction spending fell .3%. Since construction costs are soaring, the real decline in spending is much larger. There's a lot less construction happing. It's just very expensive. Also, Nov. ISM plunged to 49, the first time below 50 since May 2020. This is a #recession.
Challenger announced 76,835 job cuts in Nov., more than double Oct. and five times Nov. 2021. 70% high-paying tech jobs. At the same time the personal savings rate plunged to 2.3%, the lowest since July 2005. Workers will be losing #jobs with no savings and vanishing home equity.
🔴 Markets Finally Call Powell’s Bluff - Ep…5 If you don't want to wait until tomorrow to listen to today's podcast join me on…5
Investors Fleeing Housing Market as Bubble Deflates @SchiffGold…
Investors are no longer buying what #Powell is selling. Today he was as hawkish as ever, but the #dollar tanked, and #gold & #stocks rallied. Powell's resolve to fight #inflation is contingent on a soft landing. Not only will the #economy crash, it'll be another financial crisis.
Today's weak economic data suggests Q4 #GDP will be sharply negative. The Nov. Chicago PMI collapsed to 37.2, 10 points below the consensus forecast. The Oct. goods trade deficit soared to $99 billion, 10% above estimates. #Powell still talks about a soft landing. It's a crash.
Consumer Confidence Declines for Second Straight Month @SchiffGold…
Recession Warning: US Small Businesses Struggling to Pay Rent @SchiffGold…
Inflation Bites: Thanksgiving Meal Up 20% Compared to Last Year @SchiffGold…
Peter Schiff: The Inflation Tax Jacked Up the Cost of Your Thanksgiving @SchiffGold…
Many price increases never make it into the #CPI. In addition to a double digit annual increase in admission to Disney World, the park now charges $20 dollars for park wrist bands that were provided free of charge last year. That's an extra $80 for a family of four. #Inflation.
🔴 Deja Vu All Over Again... Again - Ep 857 [ad-free]…1 If you don't want to wait until tomorrow to listen to today's podcast join me on…1
Socialism Sounds Good on Paper But It Was Deadly for the Pilgrims @SchiffGold…
War on Cash: India Rolling Out Retail Pilot Program for Digital Rupee @SchiffGold…
China Likely Stockpiling Gold to Minimize Dollar Dependence @SchiffGold…
Treasury Market Liquidity and Volatility Problems Could Derail Fed Balance Sheet Reduction @SchiffGold…
Global financial expert @PeterSchiff shares valuable insights on the ever-changing nature of #crypto, #blockchain and #preciousmetals trade in the current market conditions. #gold #silver #DPMC2022
Retweeted by Peter Schiff
Peter Schiff: More Economic Data Confirms a Recession @SchiffGold…
Comex Vaults See Seventh Straight Month of Outflows @SchiffGold…
The #Grayscale Bitcoin Trust was one of the main reasons #Bitcoin rallied to $69K. It advertised on @CNBC to get retail investors to pay huge premiums to NAV. Then it issued new shares to institutions at NAV, using the proceeds to buy more Bitcoin, pushing the price even higher.
With the market capitalization of all #crypto tokens below $793 billion, the value of the two largest dollar-backed stable coins represents 14% of the market. That's 80% of the value of #Etherum, the 2nd largest. Soon the value of stable coins will exceed the value of #Bitcoin.
After less than two full days of a contrived boycott, @CBSNews resumed posting on #Twitter. Given its low engagement, hardly anyone will notice. CBS may have 10 times the followers I have, but I have ten times the engagement. CBS Twitter followers are fake, just like the network.
The supply of #CryptoCurrencies is soaring as demand for #cryptos is collapsing. Over the past year the supply of cryptos grew by around 50% to almost 22,000. But during that same time period the combined market capitalization fell by about 73%. #Bitcoin mania is over. Buy #gold.
This tweet was inspired by those calling for more government regulation in the wake of the #SBF and #FTX frauds. The beauty of free market capitalism is that it self-regulates. Competition for reputation and profit and loss are better regulators than easily captured bureaucrats.
We don't need more government regulation. We need more free market regulation and personal responsibility. Let's end the #Fed, government stimulus, subsidies, guarantees, and bailouts. The #NYSE started in 1792. The #SEC was not created until 1934. We were better off without it.
I finally got back to Connecticut from Puerto Rico and just tired to sign up for Twitter Blue. But it's currently not available. By the time it is I'll likely be back in Puerto Rico. I guess I'll have to keep deleting my tweets to fix typos. Why is it so hard to pay @elonmusk $8?
#Bitcoin is only down 1% today. The #Grayscale Bitcoin Trust is down 7%. It's trading at a 46% discount to its reported NAV. This could be the next shoe to drop. Maybe $GBTC lost some, or most of its Bitcoin. The market is indicating a major problem. This isn't good for Bitcoin.
Maybe $GBTC loan its #Bitcoin out, and now the borrower can't repay the loan. That means the NAV is really a lot lower. Maybe that's what the discount is indicating. Or may it stored its Bitcoin with a custodian that lost it.
$GBTC is trading at a 46% discount now. New record. Something is definitely going on. #Bitcoin is in real trouble. Get out while you can!
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