Jerome Powell’s Jackson Hole speech marks a big pivot in the Federal Reserve. Peter Schiff explains how political pressure from the Trump government has forced Powell’s hand, why intern is now unmistakable and what this means for gold, the dollar and the future of the US economy.
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In this Sunday Night Live edition of the Peter Schiff show, Peter compares Powell’s capitulation with the scene “Mind Right” in Cool Hand Luke, warns of the coming return from the Fed to QE and exposes the dangerous precedent of the American government that takes a 10% interest in Intel. Schiff explains why gold, silver and foreign shares perform better and why the next phase of the crisis will be even more serious.
00:00 Introduction and opening comments
02:15 Powell’s Jackson Hole Speech: A Sober Assessment
06:48 Trump’s print and Powell’s “Mind Right” moment moment
12:02 Comparison of Trump and Biden -Conomies
18:37 Stagflation confirmed: weak growth, stronger inflation
24:10 FED policy, labor risks and inflation mandate
29:44 The end of inflation on average at 2%
36:50 Rate reductions, quantitative tightening and QE Vooruit
44:15 Market reactions: shares, bonds and the dollar
51:28 Gold and Silver Golf vs. Bitcoin’s UnderPerformance
58:44 Mining stocks: GDX and GDXJ Leading 2025 Returns
01:05:37 Foreign shares and the big rotation from US shares
01:12:52 Intel’s 10% government stake and rising corporatism
01:20:46 Investment strategy: gold, mining and foreign markets
01:28:14 Conclusion and Schiff Sovereign Update
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