this as a release urias setback for the american economy professor wolf i'm going to bring in peter schiff he is the chief economist and i believe global strategist with euro pacific capital apology peter i want to have you on for that the sky should about inflation as well and we just heard jay powell of the fat he's been saying it over the last year inflation is going to go up it's going to be transitory for march and april and now we're looking at median inflation over 2 percent now do you expect more of the. what do you make of this current situation well there's no nothing to suggest that it's transitory remember this is the same fed that told us that the problems in sub prime were contained inflation isn't as it is as transitory now as a subprime was contained bagmen but you know it's actually a lot worse than the 4.2 percent year over year if you look at the 1st 4 months so far of this year prices have already moved up by 2 percent in a 4 month period so if you add your lies that you're talking about 6 percent c.p.i. for 2021 but if you look at the trend the monthly trend is excel o

this as a release urias setback for the american economy professor wolf i'm going to bring in peter schiff he is the chief economist and i believe global strategist with europe a severe capital apology peter i want to have you on for the sky should about inflation as well and we just heard jay powell of the fat he's been saying it over the last year inflation is going to go up it's going to be transitory for march and april and now we're looking at median inflation over 2 percent now do you expect more of the. and what do you make of this current situation well there's no nothing to suggest that it's transitory remember this is the same fed that told us that the problems in sub prime were contained inflation isn't as is as transitory now as subprime was contained bagmen but you know it's actually a lot worse than the 4.2 percent year over year if you look at the 1st 4 months so far of this year prices have already moved up by 2 percent in a 4 month period so if you add your lies that you're talking about 6 percent c.p.i. for 2021 but if you look at the trend the monthly trend is excel orat

this as a release urias setback for the american economy professor wolf i'm going to bring in peter schiff he is the chief economist and i believe global strategist with euro pacific capital apologies peter i wanted to have you on for this discussion about inflation as well and we just heard jay powell of the fat he's been saying it over the last year inflation is going to go up it's going to be transitory for march and april and now we're looking at median inflation over 2 percent and i do expect more of the. and what do you make of this current situation well there's no nothing to suggest that it's transitory remember this is the same fed that told us that the problems in sub prime were contained inflation is as is as transitory now as subprime was contained bagmen but you know it's actually a lot worse than a 4.2 percent year over year if you look at the 1st 4 months so far of this year prices have already moved up by 2 percent in a 4 month period so if you add your lies that you're talking about 6 percent c.p.i. for 2021 but if you look at the trend the monthly trend is excel orating i

market capitalization or solaris is that there's only one thing that hasn't got out and if you're a peter schiff twitter you know it is that's gold gold yeah yeah and that well that's the reason why we can continue this bubble by the way for a longer and bigger than what's happened in the last roaring twenty's like this is the wrong twenty's right now it's repeating the it's going to start to ryan instead because it's going to go way bigger while this is often like on the way this could be the best year ever say to you for a 2nd half a lot more coming your way. the world is driven by dreamers shaped by one person those with. no dares thinks. we dare to ask. them. while give these evolve and this us. into. war union. rational assaults. those that are full of need to feel. that the new doll cause i'm not. zooming up. to them. for. good. fortune for the outnumber. more than a financial. welcome back to the kaiser report imax keyser time now to return to our conversation with legend there james turk of gold money dot com james welcome back thank you max ok to follow up on our conversation about the

market capitalization laris is that there's only one thing that hasn't gone up and if you're a peter schiff twitter you know what it is that's gold gold yeah yeah and that well that's the reason why we can continue this bubble by the way for a longer and bigger than what's happened in the last roaring twenty's like this is the wrong twenty's right now it's repeating but the it's going to start to ryan instead because it's going to go way bigger while this is often like another way this could be the best year ever say to you for a 2nd half a lot more coming your way. right now there are 2000000000 people who are overweight or obese it's also simple to sell through the seas and sugary and salty and addict and it's not at the individual level it's not individual well power and if we go on believing that would never change this obesity epidemic that industry has been influencing very deeply the medical and scientific establishment in the us some of what's driving the obesity epidemic it's call for profit. the so too at the garage or at least for good in each other than the main thrust. of the.

peter schiff is an economist and the ceo of euro pacific capital and he joins us to expand what this nks so much for coming on. what does this mean and should we be concerned about it? >> you should be concerned and as i sat on the program last time, this is a tax. it is the inflation tax and if you look at how much the cost of living went up measured by the cpi, in the first four months of this year, it's 2%, so if you triple that to annualize it, we have consumer prices rising at 6% annually, but if you look at the monthly numbers, every month it accelerates, so if you extrapolate the trend of the first four months of this year for the entire year you're going to get a 20% increase in consumer prices in 2021. >> tucker: so, i mean, because our financial system is a global system, other countries, china most notably, buy u.s. treasuries with an expectation of return. if the value of the u.s. dollar starts falling as the number suggested is, why would any country invest in u.s. bonds, in government bonds? doesn't this threaten to cause, you know, a shake-up? >> well, they won't. yeah,

we got euro pacific capital ceo and president peter schiff and s arg guilfoil., inflation is here, it's climbing and feds not taking it pretty seriously at least saying it's going to be temporary. tell me what investors should be doing now as we have seen a lot of very hot stocks become extraordinarily cheap, or certainly down anywhere from 10 % to a loss of 45% over the last month alone and as we cycle through some of those names, give me your sense of whether the bulk selling is done. >> no, i think you've got a lot of selling yet to come in these momentum high pe or no earnings type stocks that did really well when people didn't expect inflation and thought the fed be able to keep rates at zero indefinitely, but as they've been surprised by inflation they are starting to sell-off those type of momentum stocks and rotate into value, but you know, a lot of the people who did not anticipate all this inflation are now making another mistake in assuming the fed is going to successfully fight inflation. it's not. the fed says it has the tools to fight inflation, bu