Bitcoin Tops $100K on Expected Government Bailout - Ep 997

Discusses market's record highs, job report boosts, consumer sentiment post-Trump election, Bitcoin surge, and upcoming economic challenges.- Get 15% off OneSkin with the code GOLD at https://oneskin.co- Go to https://legalzoom.com and use promo code SCHIFF to get 10% off.Peter Schiff discusses the new record highs in the S&P 500 and NASDAQ, the slight downturn in the Dow, and the significant jump in consumer sentiment post-election. Schiff emphasizes the discrepancy between consumer optimism about Trump's election and his own skepticism. He critiques Jerome Powell's inflation forecast and the reliability of job reports, highlighting an ironic spike and drop in Bitcoin prices. Schiff touches upon job market anomalies, rising consumer credit despite high interest rates, and the potential implications of political changes on the financial market. He concludes with a critical view on the feasibility of the proposed 3-3-3 economic plan and the broader economic implications of Trump’s policies and Bitcoin expectations.🟨 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/peterschiff00:00 Introduction and Market Update02:45 Consumer Sentiment and Election Impact05:34 Jobs Report Analysis06:12 Bitcoin's Rollercoaster Ride07:25 Economic Data and Government Jobs16:28 Bitcoin and Government Policies31:03 The Impact of Bitcoin on the Economy33:08 Consumer Credit Numbers Analysis36:34 Job Cuts and Unemployment Data37:10 Trade Deficit Insights39:31 Scott Bessent's Economic Plan45:58 Challenges of Reducing Budget Deficits54:48 Oil Production Goals and Economic Realities59:26 Conclusion and Final Thoughts#Bitcoin #Trump #economyOur Sponsors:* Check out Vanta: https://vanta.com/schiffPrivacy & Opt-Out: https://redcircle.com/privacy