Peter Schiff: Fed Independence in the Crosshairs

On his latest podcast, Peter takes aim at a string of recent policy choices that are undermining the dollar, inflating asset bubbles, and exposing taxpayers to risk. He walks through the latest jobs data, the anomaly of easing into an inflationary cycle, the privatization of profits at the expense of public losses, and the constitutional stakes for who controls the money supply.

He opens by framing the new jobs report as politically charged and worse than expected, and he worries about the credibility of the data source itself because of recent White House interventions in the Bureau of Labor Statistics (BLS):

We got the jobs report for August that came out today. For a while I wasn’t even sure if we were going to get the August report because remember Trump fired the head of the Bureau of Labor Statistics because last month he didn’t like the report because it was really bad. So he said it was rigged just to make him look bad, so he fired her. … This jobs report actually paints a bleaker picture than the last one.