Wall St. For Main St., Released on 9/25/24

During this 30+ minute interview, Jason asks Peter about where he thinks the additional liquidity from many central banks like the ECB, Fed, etc will head towards now that many central banks have re-entered an interest rate cutting cycle? Peter talks about central banks monetizing debt with QE (create new currency to buy government bonds) and how a lot of the additional liquidity will also end up in being used to buy additional gold tonnage each month. Peter also talks about the Consumer Price Index (CPI), GDP and Jobs Reports all having immense flaws and why the government always wants to under report the real inflation rate. Peter is projecting budget deficits of at least $3 trillion per year going forward and says that the Fed needs to do QE just to fund Big Government. Peter expects gold to hit $3k/oz and silver to be at $50/oz in the near future once the Fed restarts QE. Next, Peter talks about why the US banking system is in worse shape than 2007 and why the government cannot allow real deflation for very long post 2008. To wrap up the interview, Peter lays out the case why gold mining stocks are going to have a better bull market than the 1970s and why they will outperform Bitcoin on a percentage basis.

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Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

  federal reserve, gold, precious metals, rate cuts, silver