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Posts Tagged: “Ponzi scheme“

Peter Schiff: The Crypto Reserve is Just Another Bailout
In Sunday’s podcast, Peter covers the Trump administration’s latest crypto scheme, devoting much of the episode to his announcement of a US strategic crypto reserve. He explains why the justification for such a reserve falls apart under scrutiny and argues crypto is a distraction from more pressing matters, like tariffs and entitlement programs.

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Peter Schiff: It’s Time for Downward Revisions
On Saturday, Peter took to his podcast to cover last week’s economic news and political events. In this episode, he discusses rumors of large downward revisions in jobs numbers, the issues with and irony of a state Bitcoin reserve, and the striking resemblance between the government’s spending situation and a Ponzi scheme.

With or Without Tariffs, the USD is a Ponzi
With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme.

Peter Schiff: Bernie Madoff Could Have Been Fed Chair or Treasury Secretary
When Federal Reserve Chairman Jerome Powell appeared on 60 Minutes recently, he was asked what it takes to become the head of the central bank. In a clip from podcast episode 679, Peter Schiff said that when you think about the actual qualifications, Bernie Madoff would have made the perfect Fed chairman. Or perhaps the […]