The Peter Schiff Show Podcast The Not So Secret Word Is Stagflation - Ep 1019
Mar 31, 2025
Market sell-offs spark discussions about stagflation, with insights on gold's rising value versus Bitcoin's decline. The impact of tariffs on the economy is explored, highlighting costs to American consumers. Listeners hear about shifting investment trends focusing on commodities and foreign stocks. Furthermore, the complexities of Federal Reserve policies amid economic stagnation and inflation are dissected. Finally, the speaker shares updates on a legal battle over a bank closure and critiques government inefficiencies that affect everyday citizens.
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Bitcoin vs Gold Performance
- Bitcoin, touted as "digital gold," declined while gold hit record highs this week.
- This divergence disproves the "digital gold" narrative, questioning Bitcoin's safe-haven status.
Stagflation Concerns
- Current economic data points towards stagflation, a combination of economic stagnation and high inflation.
- Peter Schiff criticizes the Federal Reserve for dismissing stagflation and lacking a plan to address it.
Investment Advice during Stagflation
- Buy gold and gold mining stocks, as they thrive in stagflationary environments where the Fed avoids rate hikes.
- Avoid Bitcoin, as it will likely decline further in a bear market.