July 2021

Inflation: Stealth Default, Fake Growth – Ep 720

Inflation creating illusion of economic growth. Oil prices go up, but energy stocks get beat up. Fed won’t wage a war on inflation, never mind win it. Robinhood steals from the poor and gives to a few rich hedge funds. Saylor’s Bitcoin comparisons are nonsense. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/bd2531b5-125e-435b-b1b6-8dc5ad2c45f0/stream.mp3Podcast: Download

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It’s Game Over if Investors Call Powell’s Bluff – Ep 719

Trade deficit isn’t a problem until it’s a crisis. Home sales fall while home prices rise. Rent prices increased 25% year over year. Fed’s only monetary policy is talk. Markets may have begun calling the Fed’s bluff. Powell finally admits this inflation is permanent. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/5b42d3fc-e38d-4295-a9ff-5e8c8a68ee2f/stream.mp3Podcast: Download

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Bad Policy Disables Economies in China and America – Ep 718

High roads don’t win votes. The road to hell is paved with good intentions and is wheelchair accessible. Bitcoin rallies on its slope of hope. China cracks down on private education. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/d80c6f34-615a-46e9-9f6e-e9c2a0c58253/stream.mp3Podcast: Download

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COVID Isn’t the Reason Markets Got Sick – Ep 717

Bitcoin gets skipped over in investors’ rush to safe havens. Gold mining stocks have never been a better deal. Fiscal stimulus without monetary stimulus is no longer possible. Bitcoin has a sucker’s rally after getting comfortable below $30k. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/2f448724-9b2a-406e-9056-fe896aad12da/stream.mp3Podcast: Download

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PBS Frontline Misses the Fed’s Real Power to Destroy – Ep 716

The power to inflate is the power to destroy. Fed ensures most Americans are living on the edge. Quantitative Easing is just another word for government debt monetization. We’re always just one bubble away from the next financial crisis. Government creates a moral hazard with every subsidy it gets involved in. Power is most dangerous

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Fed Bets the Farm on Transitory Inflation – Ep 715

Government data says inflation worse than the 80s; real data says inflation already worse than the 70s. Hypocritical Republicans criticize Biden for the same policies they pushed for under Trump. Jerome Powell claims economy is great, but it needs the same amount of stimulus as when it was crashing. Fed claims to have the tools

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CPI and PPI Expose Transitory Inflation Ruse – Ep 714

Fed forced to admit that inflation will be higher and last longer than they predicted. June CPI numbers come in almost double Fed’s expectations. Highest monthly CPI increase in 13 years. Stock indexes are not a hedge against inflation. Producer costs are rising faster than consumer prices. Consumer prices are rising faster than wages. No

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Lies That Central Bankers and Bitcoin Pumpers Tell – Ep 713

Oil prices break their winning streak. As stimulus runs out, Americans reach record high in consumer credit. ECB vows to increase cost of living for Europeans. Michael Saylor’s Bitcoin spin should fool no one. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/25ad87c6-ca97-4d8b-a19f-ca1fa3c2f16e/stream.mp3Podcast: Download

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Markets Are Bracing For the Wrong Impact – Ep 712

Bitcoin and other risky assets being sold off. Investors flee to gold and other safe havens. Fed goes from thinking about thinking about tapering to talking about talking about it. Supply of starter homes at 50 year low. Buying Bitcoin is as risky as it’s ever been. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/e8e0eb61-0a15-4d7c-91d5-84d4c224061b/stream.mp3Podcast: Download

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