The Peter Schiff Show Podcast - Episode 359
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Peter Schiff at the 2018 New Orleans Investment Conference
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Biden bans Russian imports.
Oil push higher.
Dow enters into correction territory.
S&P plunges deeper into correction.
Russell 2000 and NASDAQ enter bear markets.
Gold hits new all time high.
US economy hemorrhaging red ink.
Bitcoin is setting up for a crash to zero.
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· Federal Reserve raises interest rates again as expected.
· Markets spooked as Jerome Powell dropped bombshells in Fed meeting.
· Biden administration gets fact checked and deletes tweet.
· Weakness in the stock market will continue on after the election.
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Gold passes $1800 and reaches all time highs in every currency in the world except the US dollar.
China may cut US from trade. China propping up US dollar so US may not be able to buy from anyone soon.
600 financial firms took forgivable PPP loans.
Entrepreneurs created the middle class.
Biden wants equal outcomes, not equal treatment.
Estate Tax is unconstitutional .
Big tax hikes coming.
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Graham from London, England: You've predicted a silver breakout but the gold to silver ratio is currently about 1:45, so silver is already historically high relative to gold. What caused silver to soar relative to gold between August 2010 and May 2011? Also: Do you think sliver is now going to rise relative to gold?
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