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The Illusion of Prosperity: SchiffGold Friday Gold Wrap Oct. 20, 2023

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The economy is strong. The American consumer is resilient. Everything is great. At least that’s the mainstream narrative. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it’s all just an illusion of prosperity. Along the way, he covers the September retail sales data, Federal Reserve Chairman Jerome Powell’s speech this week, and the recent gold rally.

TOPICS COVERED

  • The illusion of prosperity
  • Retail sales surprise to the upside
  • Increasing retail sales doesn’t necessarily mean what the mainstream says it means
  • Gold rallies
  • Jerome Powell channels his inner hawk
  • Global debt shoots through the roof

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.

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You Can Also Listen on SoundCloud

SHOW NOTES

Cracking Commercial Real Estate Market Stressing Banks

Peter Schiff: Gold Rallies on Worse-Than-Expected Inflation News

Global Debt at Record Levels and the Free Lunch Is Over

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