🔴 Bitcoin Tops $100K on Expected Government Bailout - Ep 997

Discusses market's record highs, job report boosts, consumer sentiment post-Trump election, Bitcoin surge, and upcoming economic challenges.

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Peter Schiff discusses the new record highs in the S&P 500 and NASDAQ, the slight downturn in the Dow, and the significant jump in consumer sentiment post-election. Schiff emphasizes the discrepancy between consumer optimism about Trump's election and his own skepticism. He critiques Jerome Powell's inflation forecast and the reliability of job reports, highlighting an ironic spike and drop in Bitcoin prices. Schiff touches upon job market anomalies, rising consumer credit despite high interest rates, and the potential implications of political changes on the financial market. He concludes with a critical view on the feasibility of the proposed 3-3-3 economic plan and the broader economic implications of Trump’s policies and Bitcoin expectations.

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00:00 Introduction and Market Update 02:45 Consumer Sentiment and Election Impact 05:34 Jobs Report Analysis 06:12 Bitcoin's Rollercoaster Ride 07:25 Economic Data and Government Jobs 16:28 Bitcoin and Government Policies 31:03 The Impact of Bitcoin on the Economy 33:08 Consumer Credit Numbers Analysis 36:34 Job Cuts and Unemployment Data 37:10 Trade Deficit Insights 39:31 Scott Bessent's Economic Plan 45:58 Challenges of Reducing Budget Deficits 54:48 Oil Production Goals and Economic Realities 59:26 Conclusion and Final Thoughts

#Bitcoin #Trump #economy ... https://www.youtube.com/watch?v=XWmC2bTH_7k