The Peter Schiff Show Podcast The Sell America Trade Gathers Momentum - Ep 1028
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May 26, 2025 Dive into the chaos of today's financial landscape as precious metals soar amid a declining dollar. Discover the implications of the recent U.S. credit downgrades and shifting market sentiments. Listen as key economic policies, especially tariffs, are scrutinized for their impact on consumers. Explore the paradox of tax cuts versus government spending and the ethical dilemmas in politics. Finally, gain insights on robust investment strategies to safeguard against looming economic crises.
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Gold Surges Amid Market Sell-Off
- Gold reached its highest weekly close ever, signaling a powerful bull market that is likely to continue rising.
- Precious metals gained broadly while the US dollar and Treasury bonds weakened, showing a shift in investor confidence.
US Treasuries Lose Safe Haven Status
- The downgrade of US government credit reflects deteriorating fiscal health and turns Treasuries from safe havens into risk assets.
- Investors no longer rally to Treasuries on downgrade news, signaling a fundamental loss of confidence.
Tariffs Raise Prices for Americans
- Trump’s tariffs raise import costs that must be passed to American consumers, despite his claims otherwise.
- Expect businesses like Walmart to raise prices to cover tariffs, countering Trump’s demands not to increase prices.