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Peter Schiff @PeterSchiff

Chief Economist & Global Strategist Europac.com, Chairman SchiffGold.com, Founder SchiffSovereign.com, Host SchiffRadio.com, Best-selling Author

Joined July 2009
  • Posts 41,386
  • Following 312
  • Followers 1,570,533
1,940 Photos and videos
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Peter Schiff
 @PeterSchiff
Jul 3
New episode! They Don't Want You to Hear This on Independence Day youtu.be/-DqUzO4Uzdw?utm_sou… youtu.be/-DqUzO4Uzdw?utm_sou…

They Don't Want You to Hear This on Independence Day

Saylor authorized $1.25B in Bitcoin sales. 514K full-time jobs vani...

youtube.com
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Trump rang the opening bell today to ring in his new Trump accounts. But there is nothing to celebrate, as the $1,000 federal contribution to these accounts is funded by issuing more debt. So the kids who get the money also inherit the debt. Cutting spending would be far better.
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$MSTR now has a completely different business model. Instead of selling common and preferred stock and issuing debt to buy Bitcoin, the new strategy is to sell Bitcoin to pay interest and dividends, pay off debt, buy back shares it sold, and hope that Bitcoin’s price goes way up.
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$MSTR spent the last two weeks selling Bitcoin. The average price on 3,588 Bitcoin sold was $60,196.73. Given MSTR’s average cost, that’s a realized loss of about $15K per Bitcoin, or about $54 million. With over 840K Bitcoin left to sell, the total losses will be much greater.
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The Department of Government Efficiency (DOGE) has officially been shut down. It self deleted effective yesterday, July 4th. The irony.
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Peter Schiff reposted
SchiffGold
 @SchiffGold
Jul 3
June payrolls disappointed, 720,000 Americans left the labor force, and gold surged above $4,000 as investors questioned the strength of the economy. schiffgold.com/commentaries/…

Workforce Shrinks by 720,000 While Gold Surges to $4,096 | SchiffGold

schiffgold.com
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Peter Schiff reposted
SchiffGold
 @SchiffGold
Jul 3
May's JOLTS report showed little change in hiring or job openings, leaving the Fed without a clear signal as inflation remains elevated and gold continues attracting investor demand. schiffgold.com/commentaries/…

Job Openings Hold Steady at 7.6 Million, Uncertainty Continues | SchiffGold

schiffgold.com
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Peter Schiff reposted
Steve Hanke
 @steve_hanke
Jul 5
Americans celebrate 4th of July with a traditional summer BBQ. The Economist’s reports that this year's cost of a BBQ is 12% higher than it was a year ago. US COST OF LIVING = SOARING.
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What it means to be an American youtu.be/N9uRYtRzXvI?si=9laO…

What it means to be an American

Excerpt from full video here: https://www.youtube.com/watch?v=Qd15J...

youtube.com
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Happy 250th, America. The Air Force is up early doing flyovers as the tall ships keep sailing in below. It's quite a show. Hopefully last night's storm doesn't return.
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Just got hit by a crazy storm.
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Peter Schiff reposted
SchiffGold
 @SchiffGold
Jul 2
June's jobs report missed expectations, but the bigger story was a 507K drop in household employment and labor force participation sinking to multi-year lows as markets price in easier Fed policy. schiffgold.com/exploring-fin…

Household Survey Shows 500k Jobs Lost in June while Labor Force Participation Crashes to Multi-year...

schiffgold.com
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Peter Schiff reposted
Edward Dowd
 @DowdEdward
Jul 3
Conclusion: The NFP numbers are garbage.
The Kobeissi Letter
 @KobeissiLetter
Jul 3
BREAKING: Since the start of 2025, US jobs numbers have now been revised down in 14 out of 17 months by a total of -710,000 jobs. May and April jobs numbers were revised down by a total of -74,000, the largest 2-month downward revision since December. April jobs were revised down by -31,000, to 148,000, while May jobs were revised down by -43,000, to 129,000. This means -41,765 jobs have been revised out of previously reported data, on average, in each month of this period. If we apply this average to the 57,000 June nonfarm payrolls, it would imply just ~15,000 jobs were added last month. Job market revisions are concerning.
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We're getting ready for the Fourth anchored in NY Harbor. It's a hot one. Just like it was 250 years ago in Philadelphia. Tomorrow should be an amazing display of tall ships and fireworks.
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Peter Schiff reposted
SchiffGold
 @SchiffGold
Jul 1
Businesses are growing tired of paying for software they hope employees will adopt. The next wave may be outcome-based services that complete work instead of selling another dashboard. schiffgold.com/commentaries/…

Services as a Service Cut Through Bloat | SchiffGold

schiffgold.com
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They Don't Want You to Hear This on Independence Day youtube.com/watch?v=-DqUzO4U…

They Don't Want You to Hear This on Independence Day

Saylor authorized $1.25B in Bitcoin sales. 514K full-time jobs vani...

youtube.com
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Peter Schiff reposted
SchiffGold
 @SchiffGold
Jul 1
AI replacing jobs isn't the real threat. The bigger danger is policymakers trying to preserve obsolete work through regulation, subsidies, and intervention instead of letting innovation raise living standards. schiffgold.com/commentaries/…

AI Will Destroy Jobs? Good | SchiffGold

schiffgold.com
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Trump promised to end the Russia-Ukraine war as soon as he took office, yet it's still raging with no end in sight. Trump promised not to start any new wars, yet he started one with Iran. Given that he also broke his economic promises, why is Trump still so popular with his base?
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The 6K manufacturing jobs gain originally reported for May was revised to a loss of 2K jobs. June's 3K gain means that a total of 73K manufacturing jobs were lost since Trump took office for the second time. Trump's tariffs have done nothing to bring back lost manufacturing jobs.
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