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With Kamala Harris rapidly fading in polls among African-Americans, her campaign just released a desperate “Opportunity Agenda” for black men outlining policies that will have disastrous economic consequences. Ironically, the consequences of “forgivable loans” are likely to be the most damaging to the very same groups that she’s claiming to help.
Last week, Peter appeared on Soar Financially, where he was interviewed by host Kai Hoffmann. The two dive into gold’s upward trajectory and its historical precedents, the market’s misguided optimism when it comes to the American economy, and recent events in domestic politics and international banking.
Yesterday Peter joined host Jesse Day on his show, Commodity Culture, to discuss the upcoming election, the historic decline of the dollar relative to gold, and a possible return to quantitative easing. They also devote time to global affairs, namely recent violence in the Middle East and movement in the Chinese equity market.
Even as the Fed cuts interest rates, and signals that more rate cuts on the way, consumer credit card interest rates are hitting all-time highs. A Bankrate report said that the average retail credit card interest rate reached a whopping 30.45 percent earlier this year, up from 2021’s average of 14.35 percent.
Peter recently joined Francis Hunt on his Youtube channel, The Market Sniper, for an interview. Throughout the course of their conversation, they cover the future of gold, destructive campaign promises made by Kamala Harris, soaring deficit figures, and why the public is mistaken about gold ETFs.
Last week Peter joined Oliver Renick on his show, “Market on Close,” on the Schwab Network. They discuss gold’s stellar year in 2024 and where the metal is heading, and Peter also comments on the price of crude oil, treasury yields, and the Fed’s recent rate cut.
On the latest episode of the Peter Schiff Show, Peter highlights the big news of the week: gold set a new all time high price. He also reviews new Personal Consumption Expenditures (PCE) inflation data, comments on Donald Trump’s proposal for a government efficiency committee, and forecasts a return to 2008-era quantitative easing policies.
Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.
On Friday night, Peter took again to X Spaces to comment on the Fed’s recent decision, the stakes of the upcoming election, and Bitcoin, among other topics. He spends most of the Space interacting with his followers and responding to their questions. Follow Peter on X to catch the next Space he hosts.
On Wednesday, Peter appeared on Claman Countdown with Liz Claman on Fox Business. There he voiced strong opposition to the Fed’s recent decision to cut interest rates by 50 basis points, pointing out that this behavior is what got the economy in trouble in the first place.
