🔴 Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974

Peter Schiff dissects the latest inflation data, emphasizing the government's manipulation in underreporting true inflation figures. He compares the July CPI and PPI reports, suggesting real inflation rates could be double the official numbers.

Schiff highlights the significant federal budget deficit and its implications for future inflation. He argues that the Federal Reserve's potential rate cut is politically driven and could backfire.

Schiff also discusses the repercussions of government policies on industries like solar energy, resulting in SunPower's bankruptcy. He critiques government intervention in housing, education, and healthcare, asserting these measures have increased costs and decreased efficiency.

Lastly, Schiff commends Elon Musk's take on inflation and calls for substantial reductions in government spending and more market-driven solutions.

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#inflation #biden #economy

00:00 Introduction to Government Inflation Measures
01:03 Analyzing the PPI Report
05:29 CPI Report and Market Reactions
13:57 Deficit Spending and Inflation
26:39 Impact of Tariffs on Solar Industry
31:15 Impact of Tariffs on American Consumers
32:08 Elon Musk and Donald Trump's Space Conversation
34:17 Debate on Union Rights and Strikes
38:44 Government Inefficiency and Spending
49:10 Housing Crisis and Government Role
55:11 Conclusion and Call to Action