The Road to Inflation Is Paved With Debt - Ep 991

Analyzing bond yields, Fed policies, national debt impacts, and contrasting Bitcoin's speculative rise against gold's decline post-Trump win.📣 Sign up for a $1/month trial period at https://shopify.com/gold📣 ExpressVPN: Get an extra 3 months free. https://expressvpn.com/goldIn this episode, Peter Schiff explores the current market trends led by the bond market and their broader impacts. He discusses the recent high yields on U.S. Treasuries, Fed rate cuts, and inflation adjustments. Schiff critiques the enormous rise in national debt under both Trump and Biden administrations and cautions against further deficit spending. He delves into the implications of rising interest rates on the housing market, the dollar's strength, and gold prices. Schiff also comments on the speculative nature of Bitcoin, and the potential consequences of the U.S. government's proposed involvement in Bitcoin transactions. He shares his skepticism about the Department of Government Efficiency and the unrealistic expectations for spending cuts. Peter Schiff emphasizes the importance of sound economic policies and the dangers of continued fiscal irresponsibility.🟨 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: The Trump Trade and Bond Market Dynamics02:13 Impact of Fed Rate Cuts on Treasury Yields03:34 National Debt and Presidential Records07:08 Bitcoin vs. Gold: Market Reactions07:44 Senator Loomis' Bitcoin Proposal10:57 Sarcastic Social Security Plan with Bitcoin17:19 Debunking the Strong Economy Narrative19:22 Rising Interest Rates and Inflation Concerns26:24 Department of Government Efficiency: A Joke?30:39 Challenges in Cutting Government Programs31:03 Reagan's Failed Attempts and Trump's Prospects32:13 The Reality of Government Job Cuts33:48 Trump's Spending Promises vs. Reality36:50 Bitcoin and the Financial Bubble44:51 The Constitutional Debate on Money Printing50:35 The Federal Reserve's Role and Independence53:00 Conclusion and Future Outlook#FederalReserve #TrumpTrade #BitcoinPriceOur Sponsors:* Check out Vanta: https://vanta.com/schiffPrivacy & Opt-Out: https://redcircle.com/privacy