Independent thinking for complex markets and current events
Our own @pdoocy has obtained a copy of the letter that former President Joe Biden left to President Donald Trump. My reaction to the letter today on Outnumbered Fox News #FoxNews pic.twitter.com/kC1xrc9SXj — Bret Baier (@BretBaier) January 22, 2025
The downside of Trump backing away from tariffs is that there will not be an offset to the income tax cuts or net spending increases that are coming soon. That means larger budget deficits and higher inflation to finance the debt. One way or another, American consumers will pay. — Peter Schiff (@PeterSchiff) January 21, …
by David Haggith There is an old joke that someone was touring heaven and asked St. Peter (definitely not Peter Navarro) why one room had an endless wall covered with clocks. “Oh, those are meters,” Said the venerable saint. “There is one for each person living, and anytime that person lies, the meter moves ahead …
Looks like the TOP is in for stocks for the foreseeable future: https://t.co/mO4EAthnNs — Sold At The Top (@soldatthetop) January 14, 2025 This is the worst start to a fiscal year EVER:– Spending is up 10.9%– Receipts are down 2.2%– FYTD deficit up 39.4% at $711 billionThey're handing Trump a ticking time bomb… pic.twitter.com/q1DYC1Ep5q — …
The December Philly Fed Manufacturing survey was another disaster, collapsing from -5.5 to -16.4, versus an expected rise to +2.8. This is the weakest level of the year. More problematic, prices paid jumped while prices received fell. All signs point to #stagflation. Sorry, Fed. — Peter Schiff (@PeterSchiff) December 19, 2024 The markets still don't …
Today's hotter-than-expected #inflation data, following similar news yesterday, is putting more downward pressure on #gold. But gold will soar when investors realize the Fed will keep cutting rates despite inflation, and return to QE, sending both inflation and gold much higher. — Peter Schiff (@PeterSchiff) December 13, 2024 Agricultural commodities have surged nearly 30% year-over-year, …
Peter Lynch's wisdom is one of the few OG still relevant in today's market. — Space Investor (@SpaceInvestor_D) December 8, 2024
There’s a reason why major #Bitcoin investors, like MicroStrategy and El Salvador, refuse to share what their BTC wallet addresses are. During the market run-up, it’s all fun and games as they try to create hopium. But trust me—when it’s time to sell, they’ll do so quietly… — Jacob King (@JacobKinge) December 8, 2024 The …
I’m finally coming around. #Bitcoin fixes Social Security. I’ve got the plan: The Social Security Trust Fund now owns about $2.7 trillion in Treasuries. It should sell all of those Treasuries and buy Bitcoin. This buying will surely send Bitcoin to the moon, especially since a new QE program will be required to buy all …
As data mining firm Palantir’s shares continue to climb, Thiel is cashing out. He’s not the only Palantir insider doing so. Palantir cofounder and major investor Peter Thiel, worth $9.8 billion per Forbes’ estimates, sold approximately 16 million Palantir shares between Tuesday and Thursday this week, for $600 million in gross proceeds, according to a …
Additionally, consumer credit card debt was roughly $200 billion in 2000, and it now stands above $1 trillion: https://t.co/LxYv2QYpkr — Reef Insights (@ReefInsights) September 28, 2024
Peter Schiff was on the PBD Podcast recently and it was a FANTASTIC interview! Two intellectual heavyweights, Schiff and Bet-David having an excellent discussion about Gold, Bitcoin and the economy in general. You could learn a LOT from these guys…..I know I did! I loved every minute of it, but there are a few parts …
If they thought Canadian Kamala inventing multiple entirely new accents was a remotely good or defensible idea then they would defend and promote it. https://t.co/AYUuQlGWWU — Stephen Miller (@StephenM) September 3, 2024
This weekend's #Bitcoin crash is an example of why Bitcoin will never be a reserve asset for any major government or central bank. A reserve asset must have relatively low volatility. It needs to be readily sold when needed. It can't crash more than assets it's supposed to hedge. — Peter Schiff (@PeterSchiff) August 5, …
The U.S. #NationalDebt just broke $35 trillion, up over $7.2 trillion since #Biden took office. It took 43 presidents 215 years to add the first $7.2 trillion. Biden did it in just 3.5 years. #Trump added a single-term record $7.8 trilion. Biden is on track to break that record. — Peter Schiff (@PeterSchiff) July 29, …
The greatest risk to AI investing is a drop in the crowd's want for futuristic abstraction. When the tide turns, there is a sudden rush for tangibility today. — Peter Atwater (@Peter_Atwater) July 9, 2024 Goldman Sachs/MIT confirmed that AI is totally fraudulent: https://t.co/T0IrcGy4Fv"Tech giants and beyond are set to spend over $1tn on AI …
BREAKING….AND BIG NEWS… PETER DASZAK IS GONE… USA Department of Health and Human Services (HHS) issues notice to PETER DASZAK… *Notice of SUSPENSION from HHS *Proposal for DEBARMENT from participating in any United States Govt programs * pic.twitter.com/f6ppdleWrc — NZ and the MRNA (@HopeRising19) May 22, 2024
via schiffsovereign According to this morning’s dismal publication from the US Bureau of Economic Analysis, US GDP growth crashed to just 1.6%, while inflation keeps rising at a 3.4% rate. And ‘core’ inflation, which excludes food and energy, was up even higher at 3.7%! All of these numbers are much worse than expected… and frankly …
Via SchiffGold.com, Peter’s back in Puerto Rico this week for his podcast after another week of record gold prices. In this episode, he discusses media coverage of inflation, this week’s CPI report, and Bitcoin’s weakening price relative to gold. Peter starts by recapping this week’s price action and movements in the dollar’s strength. The dollar …
from Kerry Lutz’s Financial Survival Network
He is not wrong on this. Just because the banks still have a lot of power and are able to manipulate the price of PMs and people’s perception about them, doesn’t mean he is wrong. People are so dumb, they don’t understand history of money and bubbles. Every now and then a bubble of something …
Peter Navarro speaks at CPAC before he is set to begin a four-month prison sentence after being found guilty of contempt of Congress.
#Trump seems to believe that #inflation is a problem because the U.S. isn’t drilling enough #oil. If Trump doesn’t cut government spending, something he failed to do during his first term, inflation will get much worse under his presidency, no matter how much oil we drill baby. #Trump seems to believe that #inflation is a …
“Yesterday Challenger reported 82.3K layoffs in Jan., the worst January since 2009, excluding 2023. Wed. ADP reported just 107K #jobs created in Jan. Today the Govt. reported 353K jobs created in Jan,. smashing expectations of 170K. Do you believe the Govt. or the private sector?” Challenger Job cuts in January were still slowing on a …
via theguardian: A teenager from California’s Central Valley has become the youngest person to ever pass the state’s bar exam and is now working as a practicing attorney. The Tulare county district attorney’s office announced this week that Peter Park learned last month at 17 that he had passed the “rigorous exam” on his first …
“If the Supreme Court rules in favor of the government, and allows it to redefine income to include any unrealized appreciation in any asset, then it will grant the Federal Government a new power to nationalize the entire asset stock of the nation. In hyperinflation, the only refuge people have is the ability to hold …
