Honor Washington's Birthday, the Father of Our Republic - Ep 1010
Peter Schiff critiques 'Presidents' Day,' markets, inflation, economic data, gold, silver, and government's fiscal mismanagement.Put together your best look yet at https://indochino.com. Use code GOLD for 20% off orders of $499 or more.Peter Schiff opens the episode by discussing the misnomer of 'President's Day' and advocating for the correct recognition of Washington's Birthday. He explains the holiday's legal history and criticizes the commercialization of the day. Peter then transitions to recent economic data, including higher-than-expected producer and consumer price inflation (PPI and CPI) and disappointing retail sales. He argues that these numbers indicate rising inflation contrary to the Federal Reserve's targets. Schiff delves into recent gold and silver market movements, attributing fluctuations to economic reports and trader behavior. He advises listeners on investment strategies, emphasizing the purchase of physical metals ahead of potential tariffs. He also critiques U.S. government spending, highlighting surging interest payments on national debt and advocating for significant fiscal reforms, including reducing military expenditures and balancing the budget through substantial cuts. Schiff stresses the need for a shift from a consumption-based economy to a production-based one, suggesting that President Trump could enforce these changes by refusing to sign any debt ceiling increases.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffChapters:00:00 Introduction and Opening Remarks00:58 NFL Football and Sunday Night Podcasts01:23 Washington's Birthday vs. President's Day06:03 The Legacy of George Washington09:16 Republic vs. Democracy18:13 Economic Data and Market Reactions24:33 Silver and Gold Market Dynamics26:37 Gold Mining Stocks and Earnings30:48 Impact of Tariffs on Gold and Silver35:57 US Budget Deficit and Fiscal Policy41:03 Trump's Potential Role in Budget Cuts50:01 Conclusion and Investment Advice#EconomicData #GoldPrices #InflationOur Sponsors:* Check out DeleteMe: https://deleteme.com/GOLD* Check out Kinsta at https://kinsta.com to get your first month free today!* Check out Mack Weldon and use my code PETER for a great deal: https://mackweldon.com* Check out Moorings: https://moorings.com* Check out Vanta and use my code SCHIFF for a great deal: https://www.vanta.comPrivacy & Opt-Out: https://redcircle.com/privacy