The Peter Schiff Show Podcast

Summary: Blue Apron Holdings IPO The Blue Apron Holdings IPO today is reminiscent of the dot com boom.  The market is saying the 5-year old company is worth close to $2 billion. This IPO represents a "down round" which may occur after a company suffers a decline in valuation after it has received initial rounds of capital investment. The initial offering was $10/share, and by the closing bell it only managed to close at $10. This stock may go below $10 as early as tomorrow, as many investors were planning to flip the stock. The concept of this company is not proprietary; indeed the recent merger of Amazon and Whole Foods could pose a serious market threat to this company. Rand Paul In more news on this ever-evolving Republican Health Care saga. the Republicans are caving in to media and left spins the Republican Healthcare bill as a re-distribution of wealth from the poor to the rich.  You are not taking from the poor by stealing less from the rich. For some reason, the voting public expects American profit-seeking companies to sell insurance to people who are already sick. This would be the equivalent of selling home insurance for a house that has already burned, or car insurance for a car that has just been in an accident.   Rand Paul is getting a lot of press recently because he is the only Republican who opposes this on principle. He believes in the freedom for Americans to purchase the kind of insurance they need. They can pick their deductible; they can pick their co-pay. They can have the freedom to buy or not to buy health insurance.  But this can only happen in a market where insurance companies are allowed to make a profit and are free to compete for insurance business without government intervention. U.S. Dollar Continues Decline * The U.S dollar continued its decline today falling to a fresh 8-month low, closing to about 95.60 * The dollar is being led lower by a surging euro; the euro is actually at a 12-month high against the U.S. dollar * Trading just below 114.5 * It wasn't too long ago the euro was down around 105, and there was a lot of talk about parity with the dollar * I was saying that the euro has bottomed; that the euro is going to rise * And the rise is just now beginning for the euro, I think there's a lot more to this move * Other currencies are also following the euro's lead, but ultimately I think they will surpass it * The dollar has a substantial ill-gotten gain that it needs to surrender * The dollar got bid up for years based on a misunderstanding of the true state of the U.S. economy * Of the efficacy of Fed monetary policy * The market was factoring in far more rate hikes than the Fed was capable of delivering * Meanwhile the economy is rolling over * I mentioned on my last podcast Mario Draghi's statement about the deflationary threat subsiding * About the drop in inflation being transitory and the euro rose on that * The very next day, the ECB went out to do damage control * Why is it "damage" when the currency is going up? Strength in Financial Markets * The only segment of the market that was strong today were the financials * The banks feel they are going to benefit from higher interest rates, higher spreads * And here, we had those bogus stress tests where the Federal Reserve supposedly stress-tested all the banks *  And, what to you know? The all passed *  So that is creating a bid for the banks * I have said this before, when it comes to higher interest rates and banks, be careful what you wish forOur Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary: Once again the solution doesn't work.  As with the Democrats' solution, the penalties are too low.  In both the House and the Senate, trying to force people to buy insurance won't work because the penalty for not buying insurance is not stiff enough. The reason they aren't doing that is, politically, it is a losing proposition. This is why the Republicans never should have touched this issue. If they did not have the guts for outright repeal, they should have never done anything. They should have left it alone and the Democrats would have owned this disaster. The best thing the Republicans can do, politically, is do nothing. In this way any collapse cannot be attributed to ambiguity in the market. Downward Pressures on the Dollar * Very big day in the market today; the most significant being the breakdown in both the NASDAQ composite and the U.S dollar. * The dollar was down sharply and broadly today, led lower by a rally in the euro * The catalyst for the euro rise was statements by Mario Draghi early in the morning where he commented that downward pressures on inflation were transitory * A somewhat hawkish stance on inflation and the markets took that to mean that QE will come to an end sooner rather than later * But I think the markets are looking for any reason to trade the dollar lower * I have been talking about that on this podcast, that the dollar has been looking weak * It broke down again today, the dollar index down just over 1 full percentage point on the day * The dollar trading at its lowest level in 8 months * I think this was the lowest closing level in about 9 months * The euro is trading at a 113 handle NASDAQ Woes * At the same time the dollar was breaking down, so were tech stocks, the FANG stocks were particularly weak * The NASDAQ composite down just over 100 points on the day * That's a pretty big move; a 1.6% decline * The Dow was only down about 100 points, just under a half percent * So the NASDAQ experienced about triple the decline * I talked about that on this podcast a couple of episodes ago when we had that one really big reversal day in the NASDAQ stocks * When the NASDAQ stocks made an all-time record high and then closed negative * We had that kind of flash crash coming into the final hour of trading * To me, there was some big money that decided to get out of those stocksOur Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary: Let the SS ObamaCare Ship Sink The Republicans in the Senate finally unveiled their version of ObamaCare Repeal & Replace.  It's very heavy on replace, but there really isn't any repeal. They are replacing it with something that may even be worse. Regardless, we still should let the ObamaCare ship sink while it's called the SS ObamaCare. Senate Bill Leans Toward Socialized Medicine The House already passed their version. The Senate version is even worse; it takes away all penalties for not buying insurance. At least the House version tried to create some kind of penalty. Now, a penalty of any sort would not be necessary if the government did not mandate insurance companies to cover people with preexisting conditions. The only way insurance companies can survive, if the Senate bill were enacted, is with massive government (taxpayer) subsidies. Moral Hazard Of course the Senate does not consider the moral hazard of offering a "medical bill-paying service", so the cost will be enormous. This solution will collapse the health insurance industry and lead to socialized medicine. If the Senate Republicans really want socialized medicine, they should just come out and say it. If you don't believe in the free market, just come out and say it. Something For Nothing If the government can deliver healthcare cheaper and better than the free market, then why not socialize everything? Republicans are afraid to say that they don't believe this because they want to get elected and they know that the voters don't understand that capitalism works.  They just want something for nothing.  The Senators want to get elected so they are going to provide it for them. * It was a relatively quiet week, this week; not a lot of market-driven data * Next week, things might pick up a bit; we'll get the final week of Q2 * So I have a feeling there may be a little more action as some of the portfolio managers look to window-dress a bit or get their portfolios looking better for the end of Q2 * The dollar finished the week on a down note, although it was relatively flat on the week; it was down today * The opposite for gold * Up about $6.50; it was also flat on the week, but it had a good day * Gold stocks were not flat; I think the gold stocks, as a group, the best performing sector in the market * I have been noting on this podcast that these stocks have been trading better * When they were weak, that precipitated the correction in the price of gold * Then gold bottomed out when the gold stocks showed some relative strength * That has continued, and I think this was a pretty good week, technically * We're close to getting above some key resistance on these stocks * So we will see what kind of bid they can pick up next week as we wrap up Q2 * I think the significant thing, for the dollar and for gold * Is that the dollar is in the process of putting in a very significant top * The flip side of that is that gold will be putting in a significant bottom * I think the catalyst for breakdowns for the dollar and breakouts in gold * Will be some realization, some capitulation on the part of the markets * And for the Fed to square perception with realityOur Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary: Every tax cut is temporary. Ryan's premise that we can't get the stimulus we need without a permanent tax cut is complete nonsense.  Congress has no idea what the budget's going to be next year, let alone 10 years from now. The only budget that really counts, and even then they can't get it that accurate, is the current year. When the government cuts taxes it doesn't come with a guarantee that the rates are never going to go up. * We had a bit of a turnaround Tuesday today; all of the major U.S. stock market averages were higher in the morning and we closed broadly lower on the day * In fact, the Dow Jones did make an all-time record high this morning before closing down about 60 points, although the decline in the NASDAQ was greater * We had a .082% decline in the NASDAQ; the Dow was only down by about .03% * S&P 500 though had a bigger decline, it was down about .07% * So the broader averages took a bigger decline than the Dow * I don't think the technical damage is extreme * Yes, we made new highs and closed lower, but it really wasn't an outside day * It didn't close below Monday's lows, which would have been an outside reversal * But when markets are as extended as they are, they can top on just about anything * I put up an interesting article on my Facebook page that tried to draw a comparison between Amazon and Whole Foods merger and the big high-profile AOL-Time/Warner in 2000 * You had a big, internet darling making a big brick and mortar purchase and that marked the peak of the internet bubble * And the author was making the case that this is another major internet company buying a brick and mortar company, a lot of fanfare, a lot of hype and maybe this is also going to mark a major top * It's an interesting analysis, because I think we're at about the 15-year anniversary of the purchase * It is an interesting comparison, not a perfect analogy; some things are similar and some things are not * I do believe that the U.S. stock market is substantially overvalued, in fact a bubble * The only reason I believe that the air is not going to come out of the bubble is because the Fed is not going to let it * I am pretty sure that any significant decline in the stock market is going to be met with an aggressive Fed rate cut, quantitative easing * I don't believe the Yellen Fed to allow the market to implode the way it did in 2008Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary: Amazon Buys Whole Foods The Dow was up today; mainly on the surprise announcement that Amazon, the king of on-line retailing, is buying Whole Foods.  In a labor market significantly altered by ObamaCare-style government intervention, this news could signal further changes to the labor market.  Retail has experienced a steady decline, and this move could usher in a new wave of Amazon Go-style services. Economic Surprise Index Headed For  2009 Territory According to an article in Zero Hedge: For the 13th straight week, US economic data disappointed (already downgraded) expectations, sending Citi's US Macro Surprise Index to its weakest since August 2011 (crashing at a pace only beaten by the periods surrounding Lehman and the US ratings downgrade). The last time, Us economic data disappointed this much, Ben Bernanke immediately unleashed Operation Twist... but this time Janet Yellen is hiking rates and unwinding the balance sheet. "Unexpected" Bad News in Housing Starts and Building Permits Another "unexpected" big drop in housing starts; the third month in a row is accompanied by a drop in building permits, so that means that this trend is likely to continue. The last time we had 3 consecutive monthly declines it was 2009. * We got some more bad economic news coming out today, and it capped a week of generally worse than expected news * I was looking at a chart of the Economic Surprise Index on an article on Zero Hedge and it was a new low for this cycle * They went back to find the last time the Economic Surprise Index was this low * It was right about the time the Federal Reserve launched "Operation Twist" * Remember that? I was calling it "Operation Screw" * When the Fed was lengthening the maturity of its balance sheet * It was selling some of its short term bonds and buying longer term bonds * To have a better impact on pushing down long-term interest rates * Yet today, when the market is being surprised by the same amount of negative economic data * "Unexpected negative news" * Again, every time you read a negative news story it is always prefaced with "Unexpected" * I always put that in quotes because, why don't they expect it by now? * You get enough bad news, you should expect it * At some point, they will, and that's when the index starts to go the other way * When things are bad long enough, people start expecting bad things to happen * And then the next thing you know, good things happen * So the Economic Surprise Index goes the other way * People are still optimistic, yet they keep being disappointed * Despite this, the Fed is not only not doing "Operation Twist", it is tightening * It's putting the screws on big time in that it has just announced quantitative tightening * Not only did they just raise interest rates on Wednesday but they indicated they are getting ready to do quantitative tightening for the first time ever * This has never been tried before by the Federal Reserve * It's amazing, too that the Federal Reserve is always out there talking about quantitative easing helped the economy * It pushed up asset prices, it pushed up the stock market, pushed up the real estate market * O.K., if that is what they think,Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary Quantitative Tightening Ahead: The Federal Reserve came out with a surprisingly hawkish rate hike today, announcing plans to  shrink the balance sheet by $50 billion per month.  This would mean an annualized rate of $600 billion per year in new treasuries to hit the market. This does not take into consideration existing budget deficits or future spending. The Fed's policy reversal, in the face of no corroborating positive economic data, is still "data dependent". No Good News: Meanwhile, the "recovery" was the weakest recovery in history, with a doubling of the national debt, we have bubbles in the stock market, the real estate market, in the bond market market, the automobile market, student loans.  We have eviscerated our labor market with people having multiple part time jobs and this is the Fed's definition of success! Perfect Storm Now you've got a perfect storm for stocks: falling earnings, weak economic data, rising interest rates and the Fed flooding the market with treasuries.  Now maybe the stock market will take a second look at this hawkish hike and the implications of the Fed's rate hike plans in conjunction with quantitative tightening later this year in the face of a weakening economy. * A lot of people, myself included, were looking for a dovish rate hike today coming from the Federal Reserve * What I mean by a dovish hike was that the Fed would hike rates, because after all, everybody expected them to hike rates and they don't want to disappoint market expectations * They don't want to raise any cautionary flags that they know something that they have not been forthright about * I was expecting the Fed to acknowledge somewhat the weakening economic data to the point that itis now waiting for some confirmation that Q1 weakness was transitory * And since such confirmation has not been forthcoming they may have acknowledged it * But that's not what happened * We actually got a hawkish hike * Not only did the Fed raise rates but they did nothing to dampen expectations for future hikes * In fact, Janet Yellen in her prepared remarks and in the press conference that followed was very upbeat, very optimistic on the economy * Not worried about anything, no longer talking about the need for confirmation that prior weakness was transitory * She seems to just believe that it was * She thinks it is clear skies as far as the eye can see * Looking for economic growth of just under 2% a year * Not as optimistic as Donald Trump, looking for 3 or 4% growth * But she doesn't see a recession coming * She sees the economy continuing to perform at this 1.8 - 1.9% annual GDP * She continues to see improvement in the labor market * She's not worried about the decline in labor force participation * She says it's holding steady and again she dismisses the low participation rate due to the ageing of the population, so she's very optimistic * And something else she said that I think surprised the markets and made this more of a hawkish hike * Was she actually talked about starting the shrinking of the balance sheet this year * most people thought that maybe it would start next year, at least the rhetoric would say it would start next year * Whether it actually starts or not remains to be seen * But now Janet Yellen seems to suggest the Fed is ready to get started very soon with its normalization process * In fact, she didn't use these words * But it's really a reverse quantitative easing or quantitative tightening * What Yellen basically said is that they are going to start off by tapering down their balance sheet by about $10 billion a month * She actually specified, I think, $6 billion in treasuries and $4 billion in mortgage b...Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary: In Puerto Rico's  recently held non-binding referendum on statehood, just 23% of the eligible voters who actually voted overwhelmingly chose statehood.  This would mean that Puerto Rico would keep its current debt and take on the $20 trillion U.S. national debt. This would offer the moral hazard of offering Puerto Ricans additional welfare benefits. The last thing Puerto Ricans need is to be in a situation where it is more attractive not to work. * A lot of people are asking me abo0ut the recent non-binding referendum in Puerto Rico on statehood * 97% of the people who bothered to vote voted for statehood over independence or maintaining the status quo * Only about 23% of the eligible voters actually voted * So most people who objected to statehood boycotted the election * So most of the people who voted were predisposed to vote for statehood * The last statehood referendum held in 2012 was even more in favor of statehood * Nevertheless, the governor of Puerto Rico, Ricardo Rosselló is going to go to Washington demanding that the will of the Puerto Rican people be addressed * If you do not know by now, I am Puerto Rican * I am an American citizen residing in Puerto Rico so I vote in Puerto Rican elections I do not vote in U.S. National elections, but I am away from Puerto Rico at present * Had I voted, I would have voted to maintain the status quo * I don't want Puerto Rico to become an independent country, but the last thing I would want is for Puerto Rico to become a state * That's why I am doing this podcast * Most of the articles I'm reading on this issue address the idea that state will somehow benefit Puerto Rico, because they have been in a recession for 10 years, they have high unemployment * They have a lot of debt and somehow they see statehood as a solution to this problem * Statehood for Puerto Rico is like throwing a drowning man an anchor *  The worst thing that could happen to Puerto Rico is for it to become a state * If Puerto Rico becomes a state, every person who lives in Puerto Rico, who is currently exempt from paying Federal income tax will now have to pay it * The IRS doesn't exist in Puerto Rico * Puerto Ricans also do not have to deal with Obamacare - it doesn't exist there * Each Puerto Rican currently owes about $20,000 in debt * American citizens per capita owe $61,000 in debt * That's just the $20 trillion national debt * That doesn't include all the other unfunded liabilities * Right now, Puerto Ricans do not share in the U.S. national debt * If Puerto Rico becomes a state, the per capita debt goes from $20,000 to $80,000 * Because they inherit a share of the U.S. national debt * Why would they want to sign up for that?Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary: Friday's Tech Wreck continued today, some stocks making key technical reversals. The crypto currencies, also experienced volatility as Bitcoin seems to be losing some of its market share to other competing crypto currencies, but volatility remains a key component of the market. Volatility may be exacerbated by Wednesday's anticipated Federal Reserve rate hike. * Friday's Tech Wreck continued today; the NASDAQ composite led lower by the same momentum stocks that got clobbered on Friday * Some of them making key technical reversals where they made new all-time highs in the morning and yet got clobbered and closed below the lows of prior trading days *  Some of them went below the lows of the prior week * So a lot of these stocks looking very weak coming in to today's trading and continued although some of the losers did manage to eke out a gain * Novita was one of the earliest stocks to reverse on Friday, which had a big technical reversal took out a low and managed to eke out a gain * Tesla also was positive * Google, Apple getting clobbered again, Netflix, Facebook, a lot of these big stocks continue to decline * And this time the overall market did not escape the carnage because the Dow and also the S&P were also down on the day * There was still some strength; the energy stocks were up again today building on the rotational strength that they enjoyed on Friday * But it wasn't just the stock market that had big reversals * It was the cryptocurrencies as well, particularly Bitcoin * I mentioned the last couple of podcasts that when I was talking about Bitcoin and the cryptos * Bitcoin's shrinking market share in the crypto world, and that continues * Right now, the market cap of Bitcoin is now down to about 40% of the total market cap of all cryptocurrencies * Ethereum, Bitcoin's biggest competitor right now, if you look at its market cap, it's actually not that much lower now * Total market cap as I'm looking right now, of course it changes very quickly * But about a $43 billion market cap for Bitcoin and about a $34 billion market cap for Ethereum * This is the closest I've seen the two * In fact, Ethereum is actually up today, even though Bitcoin is down quite a bit * Bitcoin had a big reversal last night, I think it traded above $3000 I think for the first time, not on every exchange * And then by late morning, it was trading below $2500    Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary:  As an unexpected pro-labor vote in the U.K. weakened the pound and strengthened the dollar, the market reacted more to political news, abroad and at home.  The uncertain results of Comey's testimony dampened concerns about the Trump Presidency. Prior to Comey's testimony someone sold a huge amount of gold, causing gold to drop, although it finally closed only down about $7, with another selloff this morning. Gold stocks, though continue to trade much better. NASDAQ got clobbered,   Meanwhile, economic data continues to bring bad news: Consumer Credit numbers was a big miss with $8.2 billion instead the expected $17 billion. * Yesterday we had the trifecta of potentially market moving events * In hindsight, what looks like the most significant was the elections in the U.K. * With the surprise strength coming from the Labor Party to deny the Conservative Party a majority * It looks like May will remain Prime Minister even though the Conservatives do not have a majority in Parliament, because they can form a coalition, a minority government with another party * But May's position is weakened and she did not get the results she gambled on when she called the election * The reason the Labor party did so well was because of the young vote who overwhelmingly voted for Labor * Which shouldn't be much of a surprise, after they're the ones who are promising the most free stuff, and it's younger people who are the most susceptible to that message * Particularly people with little work or life experience * That's one of the reasons the voting age should be higher * In the U.S. the voting age is 18 and it was changed by Constitutional amendment * It used to be 21, and it was the Vietnam war that caused the voting age to be lowered from 21 to 18 * The cry was, if you're old enough to fight, you're old enough to vote * That's another example of how we lose every war * I would prefer the voting age stay at 21, in fact I think it should be 25 * "Old enough to fight old enough to vote" makes as much sense as, "If you're too old to fight, you're too old to vote * The one has nothing to do with the other * The weakening of the Conservative government in the U.K. brought the pound down * The pound was down about 1.6% today * And the weakness in the pound spilled over into strength for the dollar against other currencies * All the dollar's gains happened last night * During the session today, the dollar gave back some of its gains * It re-took the 97 handle, after making a new 6-month low earlier in the week, we got down about 96.50 * We closed out the week at 97.28Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Summary: Gold and gold stocks are moving to new highs as the dollar index continues its slide. Although some connect this move to market jitters over the outcome of the upcoming James Comey testimony, economic factors are a more likely the force behind the move.  Moves in gold stocks have been telegraphing gold prices more often than not, and gold stocks have a plenty of room to move to even reach its highs of earlier this year. * Many of you probably expected me to do a podcast yesterday as a result of gold's move to new highs for the year * And the dollar's move to new lows * I happened to be traveling to Toronto, so I decided to wait until I got back to Connecticut where I can do the podcast from my studio * So we had the price of gold up about $15.00 yesterday, and of course the price of gold has been creeping higher and higher ever since its correction * And by the way, I think I did a pretty good job of nailing the correction itself * I said it would be a very shallow correction * I'm pretty sure I nailed the bottom * I did a podcast when it looked to me that the gold stocks were confirming and end of the correction in gold * Gold did rally, and initially gold stocks rallied, too, but then gold stocks came back down and almost re-tested their lows, didn't quite do it * But the price of gold never came back down * And yesterday, the price of gold hit a new high for the year * It reversed all of the correction and then went on to higher highs * Yet gold stocks are not even close to where they were a few months back * In fact, the smaller gold miners, if you look at the GDXJ, I think this think could move up 35% or so * But what we did get yesterday was finally a big move up in gold stocks * Most gold stocks were up 4-5% * I did notice some of the stocks I own up 8-10% * So this was one of the biggest up days that gold stocks have had in a while * In fact, we got a little bit of a warning about that the day before * I've been watching these stocks very closely * What I had noticed is that gold stocks were selling off every day into the close * After bitcoin initially got its high, like $2900 * Within a couple of days it was back at $1900 * It dropped $1000 in a day or so * How much volume did it actually take to do that? I don't think very much * So, if I'm right, if all of a sudden gold and sudden gold and silver break out * And now there is more enthusiasm * - I've heard people say gold and silver are manipulated so I'm buying cryptos because there is no manipulation there, and you can really get appreciation * Because the central banks are not letting gold and silver go up * Once they see it go up, that attitude could changeOur Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy