Peter Schiff

Opinion - $6 million a day: Trump’s disclosures show he is the swamp’s biggest monster https://t.co/h295O28JSq

$SPCX broke below $137, less than $2 above its IPO price and nearly 40% below its post-IPO high. Does this mean the bloom is coming off the AI rose? If so, higher inflation, rising interest rates, and war will put substantial downward pressure on an overpriced U.S. stock market.

Gold is back below $4,000 as bond yields rise, the Iran war escalates, and Warsh prepares for his first-ever congressional testimony tomorrow. Precious metals traders are likely positioning for more B.S. hawkish comments about the Fed’s resolve to bring inflation down. Buy gold.

All of the price forecasts for Bitcoin assume demand rises. But why should it? Most people who own Bitcoin are losing money. When investors in Bitcoin get tired of losing money demand for Bitcoin should decline. If Bitcoin is going down, why would people who don't own it buy any?

The yield on the 10-year Treasury is 4.6%. When it hits 5%, it will be the highest yield since July 2007. However, back then the U.S. national debt was barely $9 trillion. Now it’s nearing $40 trillion, more than 4X as high. Rising interest rates are a much bigger problem now.

Once again, gold is selling off as the war with Iran escalates. Traders are being conditioned to believe that war is now bearish for gold. Shorts will be in for a world of hurt when they are blindsided by the reality that the opposite is true. Conditions are set for a huge rally.

The Bond Market Breakdown Has Started... Stocks, Housing, Crypto Are Next https://t.co/rDu4qQi5zR

@MinkBoi2 When did I ever support that?

New Episode. The Bond Market Breakdown Has Started... Stocks, Housing, Crypto Are Next https://t.co/u5qunNjHsv

The N.Y. Times claims Trump’s grand jury subpoenas infringe on its freedom of the press. But The Times unethically published illegally leaked grand jury evidence, helped the J5 frame me for facilitating tax evasion and money laundering, then covered up evidence of my innocence.

Traduje este video al español para que todos los puertorriqueños conozcan la corrupción de la OCIF. Demuestra que Euro Pacific Bank fue cerrado ilegalmente como una maniobra publicitaria del J5. El banco, sus clientes y empleados fueron víctimas inocentes. https://t.co/VWdC2Mgab3

According to @LawrenceLepard, it's a fact that Bitcoin has gone up for 17 years. But the fact is, Bitcoin is lower today than it was in April 2021. That's over five years ago. Versus gold, Bitcoin is down 58% since its peak in Nov. 2021. It's Lepard who doesn't know the facts.

According to @LawrenceLepard, MSTR would be fine if Bitcoin went to $30K. Really? At that price, MSTR would have an unrealized loss of nearly $40B, assuming it doesn’t buy more Bitcoin on the way down. Imagine how much lower $MSTR and $STRC would be if Bitcoin falls another 50%.

@TrendingBitcoin He only said that because he was seeking donations and votes from Bitcoiners.

Bitcoin was never really correlated to gold, despite the false claims that it’s digital gold. However, there was a strong correlation to the NASDAQ that has since broken down. Bitcoin no longer rises when the NASDAQ rises. But, I think it will still fall when the NASDAQ falls.

We Need Another Emancipation. This Time From Our Own Government https://t.co/DJnOdyTY6d

Wall Street refuses to put its money where its mouth is. Despite outlandish price targets for Bitcoin, big banks don’t even believe Bitcoin will rise 12% per year. If they did, $STRC would be trading near $100. Instead, it’s under $87, pricing in substantial dividend-cut risk.

New Episode We Need Another Emancipation. This Time From Our Own Government https://t.co/oESWxv8ZUi

It seems like our goal with the Iran war is to get back to the status quo that existed before we started it, only with higher oil prices. The main difference will be that lives will have been lost, property destroyed, & in the long run, over a trillion dollars borrowed and spent.

The U.S. trade deficit soared by 42% in May to $77.6B, as imports rose and exports fell. For all Trump's rhetoric and tariffs meant to reduce our trade deficits, we are more reliant than ever on the rest of the world to produce what we consume and lend us the money to buy it.

On CNBC @steveliesman pointed out that people want health care. Of course they do. People want lots of stuff. But that doesn't mean it's the government's job to provide it. The government's only legitimate role is to stay out of the way so people can pursue that stuff themselves.

The Trumps made billions selling crypto and shares in Trump-related companies to the public. But their gains did not result from actual value creation, but from the losses suffered by investors who bought the overpriced crypto and shares they sold. Many buyers expected to lose money, as the purchases were disguised bribes. Some likely didn't care if they made money, as they bought small amounts just to show their support. But the majority were likely unsophisticated Trump loyalists, who actually expected to make money on what they believed were legitimate investments. My guess is that the Trump Organization will be overwhelmed by lawsuits as…

Trump's crypto donors likely called in a favor to get Trump to tease the possibility of allowing Trump accounts to buy Bitcoin by telling a reporter that he's “become a big crypto guy.” Trump's already made a killing off crypto, but hopefully he won’t rip off Trump accounts too.

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.

$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.

$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.

@brianeskow Bernie sanders is also a fascist. So are most democratic socialists. They are more fascist than Trump.

@TrendingBitcoin So just because the Chinese are smart enough to realize Bitcoin is worthless we should be dumb enough to waste our resources on it?

@Bitcoin_Teddy Why make millions when you can make billions? Waiving his salary is just a distraction. It feeds the false narrative that Trump isn't in it for the money. It's publicity. It's all part of the show.

@saylordocs This last crash is not over yet.