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POSTED ON April 3, 2020  - POSTED IN Friday Gold Wrap

As the coronavirus economic lockdown drags on, there seems to be a lot of delusional thinking out there. Many people seem to believe that at some point, President Trump will snap his fingers and the economy will roar back to life. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the numbers and makes the case that this is actually the early stages of an unprecedented economic meltdown. Everything is not going to be fine. He also takes on the myth of the non-essential worker.

POSTED ON March 30, 2020  - POSTED IN Peter's Podcast

All eyes have been on the stock market in recent weeks as it has reflected the fears about the coronavirus-induced economic shutdown and the hopes of massive stimulus. It’s been quite a rollercoaster ride. But in his podcast on March 27, Peter Schiff said there’s an even bigger problem looming on the horizon that people aren’t paying any attention to – the potential destruction of the dollar. He said Americans are in for a rude awakening.

POSTED ON March 27, 2020  - POSTED IN Friday Gold Wrap

On Monday, the Fed announced QE infinity and by mid-week, Congress had agreed on a $2 trillion stimulus package to battle the economic impacts of the coronavirus. That launched us into a bizarro world where a weekly record of over 3 million unemployment claims led to a huge stock market rally. As Mike Maharrey put it in this Week’s Friday Gold Wrap podcast, ladies and gentlemen, we’ve been stimulated. So, what exactly did the Fed do? What are the long-term ramifications? And can it work? Maharrey talks about all this and more in this week’s Gold Wrap.

POSTED ON March 20, 2020  - POSTED IN Friday Gold Wrap

It’s been another week of selloffs in the markets. It’s not just stocks. Everything is selling off. The only thing really gaining right now is the US dollar. Meanwhile, the government is promising bailouts for all. In this episode of the Friday Gold Wrap, host Mike Maharrey looks ahead at the possible ramifications of all this “stimulus” money. He also puts the recent drop in the price of gold into some historical perspective.

POSTED ON March 13, 2020  - POSTED IN Friday Gold Wrap

It appears we’ve pretty much reached complete panic mode.

The longest bull market in history came to an abrupt end on Wednesday. Wall Street followed up with another massive sell-off on Thursday.  The S&P 500 had its worst day since Black Monday in 1987. Even gold was down. Meanwhile, the Fed tried to stem the tide, announcing a new round of quantitative easing. But the tide wasn’t stemmed. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the week’s events and talks about the elephant in the room.

POSTED ON March 10, 2020  - POSTED IN Peter's Podcast

Government officials and central bankers are in full-blown panic mode.

Stocks crashed again Monday. The Dow Jones was down over 2,000 points, a 7.8% drop. It was the 11th biggest percentage drop in history. The S&P 500 and Nasdaq were also down over 7%.

This time oil was the apparent catalyst for the selloff as Saudi Arabia and Russia launched a full-blown price war. But as always, the apparent cause and the underlying cause are two different things.

POSTED ON March 9, 2020  - POSTED IN Videos

Last week was a rollercoaster ride on Wall Street. In the midst of market madness, Peter Schiff appeared on RT Boom Bust to talk about a range of subjects from the Fed’s move to cut rates, to coronavirus, to the impact of Super Tuesday and presidential politics on the markets, to government ineptitude.

He started out the interview reiterating a point he’s made over and over again over the last few months. This market is all about the Fed and it’s always been all about the Fed.

POSTED ON March 6, 2020  - POSTED IN Friday Gold Wrap

It’s been a roller-coaster ride on Wall Steet. Stocks whipsawed up and down — mostly down. Gold dipped and then rebounded. And the Fed cut rates in a move that looked an awful lot like a replay of 2008. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the topsy-turvy week, and tries to make sense out of what’s going on and where it might lead us.

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