🔴 Fed Caves With Aggressive Rate Cut - Ep 980

Peter Schiff - 2024-09-19

Market Turmoil, Political Drama, and Economic Forecasts Peter delves into a tumultuous week in the markets and politics. He covers key events including Jerome Powell's Jackson Hole speech and its implications for interest rate cuts, the Democratic National Convention, and Robert Kennedy Jr.'s decision to drop out and endorse Donald Trump. Peter argues that the Federal Reserve is pivoting from fighting inflation to addressing rising unemployment, critiques the state of unemployment statistics and job market data, and discusses the potential for a gold price boom amidst a weakening dollar. Additionally, Peter offers in-depth commentary on the flaws in government spending and social security, the misrepresentations in political narratives, and explores future economic outlooks. He closes with a call to invest in gold and gold stocks. Download the CFO's Guide to AI and Machine Learning at netsuite.com/gold Laughing Cats - GYB OFFICIAL MUSIC VIDEO: youtu.be/dSdTZ3judPs?feature=shared ? Sign up for Peter's most valuable insights at schiffsovereign.com ? Free Reports & Market Updates: europac.com ? Schiff Gold News: schiffgold.com/news ? Book Store: schiffradio.com/books ? Follow Peter Schiff on Twitter: twitter.com/peterschiff ? Follow Peter Schiff on Instagram: instagram.com/peterschiff ? Follow Peter Schiff on TikTok: tiktok.com/@peterschiffofficial ? Follow Peter Schiff on Facebook: facebook.com/peterschiff 01:28 Powell's Jackson Hole Speech: A Surrender 02:34 Fed's Rate Cuts and Market Reactions 04:47 Unemployment and Job Market Realities 09:52 Gold Prices and Dollar Weakness 25:09 Political Commentary: Democratic National Convention 30:52 Media's Misrepresentation of Trump 31:37 Social Security and Government Spending 33:00 Tariffs and Tax Policies 35:43 Debunking Myths About Public Schools 42:21 Kennedy's Defection and Political Dynasties 50:20 Free Market Solutions and Government Overreach 52:31 Upcoming Events and Investment Advice 55:59 END #FOMCMeeting #InterestRates #EconomicOutlook