Tariffs: Not the Turkey We Want This Thanksgiving - Ep 994

The Peter Schiff Show Podcast

Peter Schiff discusses Thanksgiving's capitalist roots, the Pilgrims' failed socialism, tariffs' economic impact, and recent market trends.

Cut your wireless bill to $15/month at http://mintmobile.com/gold.

Visit http://indeed.com/peter to start hiring now.

Peter Schiff's Thanksgiving special podcast from St. Barths offers a compelling narrative on the history and lessons of Thanksgiving, celebrating capitalism over socialism. Drawing parallels between the early Pilgrims' failed communal experiment and Karl Marx's theories, Schiff emphasizes the pivotal role of individual incentives and free markets. He transitions into discussing current economic data, trade deficits, and the impact of tariffs under the Trump administration, debunking common economic misconceptions. Schiff argues that tariffs harm the US economy more than they benefit it and critiques government monetary policies, predicting economic challenges ahead. He concludes with reflections on the resilience of human nature and the enduring principles of capitalism.

🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com

🔔 Free Reports & Market Updates: https://www.europac.com

🟡 Schiff Gold News: https://www.schiffgold.com/news

📘 Book Store: https://schiffradio.com/books

👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff

👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff

👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial

👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff

00:00 Introduction

02:24 Thanksgiving and Capitalism

05:14 The Pilgrims' Experiment with Socialism

09:28 The Shift to Capitalism and Its Success

12:22 Modern Implications of Pilgrims' Lessons

18:38 Gold Market and Global Economy

26:19 Impact of Tariffs on the Dollar

30:16 Final Thoughts Before Break

32:11 Debunking Tariffs and the Strong Dollar Myth

33:49 The Impact of Tariffs on Trade Deficit

36:38 Manufacturing Sector and Economic Weakness

40:48 Tariffs and Inflation: A Misunderstood Relationship

44:17 Global Trade and Comparative Advantage

49:37 Economic Data and Market Reactions

57:35 Conclusion and Final Thoughts

#capitalism #Tariffs #Thanksgiving

Our Sponsors:
* Check out DeleteMe: https://deleteme.com/GOLD
* Check out Fast Growing Trees: https://fastgrowingtrees.com/gold
* Check out Kinsta at https://kinsta.com to get your first month free today!
* Check out Mack Weldon and use my code PETER for a great deal: https://mackweldon.com
* Check out Vanta and use my code SCHIFF for a great deal: https://www.vanta.com
Privacy & Opt-Out: https://redcircle.com/privacy