Peter Schiff rebukes Wall Street's false triumph over a China trade deal, dissects Trump's failed tariffs, and criticizes misguided drug pricing policies and questionable gifts from foreign nations.
Sign up for a $1/month trial period at https://shopify.com/gold
In this episode of The Peter Schiff Show, Peter Schiff critiques the perceived celebration on Wall Street over a supposed trade deal with China, which he calls 'fake news.' He argues that rather than achieving a deal, President Trump merely rolled back the heavy tariffs he had initially imposed, with no substantial progress or concessions from China. Schiff contends that Trump's moves were a strategic surrender rather than a negotiation victory and attributes market reactions, such as stock rallies and gold price drops, to a relief from avoided economic damages. Schiff also criticizes Trump's populist actions such as advocating for drug price controls and accepting a questionable $400 million jet from Qatar. Schiff concludes by discussing the implications for markets and reiterates his advice on investing in gold and foreign currencies to protect against economic instability.
⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com
🔔 Free Reports & Market Updates: https://www.europac.com
🟨 Gold News: http://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/peterschiff
Chapters:
00:00 Introduction: Wall Street Celebrates Fake Trade Deal
02:50 Trump's Tariff War: The Real Story
03:35 The Geneva Meeting: A Surrender in Disguise
05:34 The Illusion of Victory: Trump's PR Spin
17:44 Market Reactions: Stocks, Gold, and the Dollar
25:38 The Bigger Picture: Economic Implications
34:58 Moving Away from US Dollars
35:39 Trump's Price Controls on Prescription Drugs
40:10 The FDA and Drug Development Costs
55:29 Trump's $400 Million Jet from Qatar
01:05:07 Conclusion and Final Thoughts
#Trump #Tariffs #China
Our Sponsors:
* Check out Boll & Branch: https://bollandbranch.com/SCHIFF
Privacy & Opt-Out: https://redcircle.com/privacy
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.