YouTube/PeterSchiff, Released on 9/14/21

• Take the CPI numbers with a grain of salt.
• The CPI will catch up to the PPI.
• Fed’s new definition of transitory means a permanent reduction in standard of living.
• The problem isn’t a shortage of stuff, it’s an excess of money.
• Inflation is always and everywhere a monetary phenomenon.
• Consumers are expecting higher prices.
• Gold stocks mark potential turning point.
• Inflation will pay for government spending, middle class will pay for inflation.
• Hedge funds buy preferential tax treatment from politicians.

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.

  CPI, inflation, tax, us economy