The Peter Schiff Show Podcast
Powell Fiddles While Inflation Burns - 1009
Feb 13, 2025
Gold and silver prices soar to record highs as inflation concerns mount. The Federal Reserve's premature rate hike pause is criticized, highlighting a troubling inflation report that outpaces expectations. Schiff exposes media underreporting on inflation and examines political accountability amid economic challenges. Discussions on the promising outlook for gold stocks are emphasized, especially with Barrick Gold's strong earnings. Strategies for navigating market dynamics and potential financial crises round out the discussion, encouraging gold investments as a hedge against uncertainty.
56:57
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Quick takeaways
- Peter Schiff critiques the Federal Reserve's premature halting of rate hikes amid worsening inflation, evidenced by a significant CPI increase to 3%.
- Despite alarming inflation data, financial media has underreported these issues, enabling Fed Chair Jerome Powell to promote a misleading narrative of stability.
Deep dives
Inflation Trends and Warnings
Inflation has worsened despite previous assurances from the Federal Reserve that it was under control. Recent reports show a year-over-year CPI increase of 3%, exceeding expectations of 2.9%. Additionally, core inflation rose from 3.1% to 3.3%, indicating a concerning trend rather than a sign of improvement. The monthly inflation gain of 0.5% suggests an alarming annualized rate of 6.2%, far from the Fed's target, highlighting a significant risk that inflation will continue its upward trajectory.
