Peter Schif Show©️

Voice for Charlie Kirk - Truth. Faith. 🇺🇸Freedom. Fighting censorship & lies. For the people, for God, for America.✝️

[Peter Schif Show©️ @PeterSchiflive]

What’s the reason to own $MSTR? It’s no longer a leveraged Bitcoin bet. MSTR shares will keep being sold at massive discounts, substantially diluting the Bitcoin owned per common share indefinitely. MSTR is really just a funding source for creditors and preferred shareholders.

[Peter Schif Show©️ @PeterSchiflive]

Pending home sales fell in June on both a monthly and annual basis, driven by a 10-month high in mortgage rates and record-high home prices. Contracts sank 5.4% compared with May and fell 0.3% YoY. The MoM pullback was nationwide, while YoY sales fell only in the South and West.

[Peter Schif Show©️ @PeterSchiflive]

In the latest Trump grift, Truth Social will now sell faster access to Trump’s market-moving posts to institutional investors willing to pay for it. This is yet another example of Trump's unprecedented exploitation of the presidency for personal financial gain.

[Peter Schif Show©️ @PeterSchiflive]

Operation Atlantis produced no charges and no evidence that Euro Pacific Bank facilitated tax evasion or money laundering. Unable to secure a criminal result, the ATO and IRS, on behalf of the J5, pursued victory in the media instead.

[Peter Schif Show©️ @PeterSchiflive]

The newly unredacted emails raise the serious possibility that the ATO pushed for the shutdown and global press conference to create an official event that would validate Nick McKenzie’s reporting and help him defend against my defamation lawsuit.

[Peter Schif Show©️ @PeterSchiflive]

I now know that the remarks read by IRS-CI Chief Jim Lee during the press conference announcing the shutdown of my bank were written by Julie Holt, Director of Crime and Fraud Communications at the Australian Taxation Office.

[Peter Schif Show©️ @PeterSchiflive]

Based on newly unredacted IRS emails, it’s clear that the Australian Taxation Office was the driving force behind the IRS effort to get OCIF to shut down my bank as a J5 publicity stunt. It was likely also a favor for @Ageinvestigates, who I successfully sued for defamation.

[Peter Schif Show©️ @PeterSchiflive]

The OCIF Commissioner told the IRS she would deliberately delay serving the C&D order until shortly before the press conference to prevent the bank from obtaining an injunction before the closure was implemented and publicly announced. This was highly unethical & likely illegal.

[Peter Schif Show©️ @PeterSchiflive]

I just read the J5’s detailed 6-page communications plan, likely written by the ATO, to use the media to turn its failed Atlantis investigation into a fake success and frame my bank for tax evasion and money laundering for the sole purpose of improving the J5’s global reputation.

[Peter Schif Show©️ @PeterSchiflive]

You can buy this set of silver certificates on eBay for $31.99. According to Treasury Secretary Bessent, you can take each set to Fort Knox and claim your five silver dollars. Silver dollars sell for about $60 each on eBay. So a $32 purchase gets you $300 worth of silver dollars.

[Peter Schif Show©️ @PeterSchiflive]

When asked what the consequences would be if the hundreds of billions of dollars spent by AI hyperscalers never proved profitable, Warsh minimized the economic consequences by saying that capital for those companies might dry up and that some future investment would be curtailed.

[Peter Schif Show©️ @PeterSchiflive]

Today, Kevin Warsh was asked specifically what he would do about the inflation problem. The three actions he claimed he would take amount to all talk. Warsh's plan is to convince the markets that he is serious about reducing inflation without actually doing anything to reduce it.

[Peter Schif Show©️ @PeterSchiflive]

Doesn’t it bother you that the current Secretary of the Treasury doesn’t know that the U.S. halted redemption rights on all gold and silver certificates decades ago? If Scott Bessent is this ignorant of a basic historical fact regarding U.S. currency, what else doesn’t he know?

[Peter Schif Show©️ @PeterSchiflive]

Is the current Secretary of the Treasury really this misinformed? He just said that if you have an old gold or silver certificate, you can bring it to Fort Knox and claim your metal. That’s false.

[Peter Schif Show©️ @PeterSchiflive]

Of course AI will destroy more jobs than it creates; that’s progress. It means humans won’t have to work as much, as more of what we need will be produced by machines. But for those who still need or want to work, better-paying employment opportunities will become available.

[Peter Schif Show©️ @PeterSchiflive]

The Trump administration illegally had me banned from Fox News, then committed another crime to cover up the evidence of the first. Trump ran for office promising to protect freedom of speech. The most important speech that must be protected is criticism of the government.

[Peter Schif Show©️ @PeterSchiflive]

When asked what the Fed would do to specifically help Black workers, I wish Warsh would have replied candidly that Fed policy can't target individuals based on their race. Also, he should have pointed out that the biggest problems black workers face are laws passed by Congress.

[Peter Schif Show©️ @PeterSchiflive]

Warsh said he prefers using interest rates over the Fed’s balance sheet for monetary policy, as the former doesn't favor one class of people over another. Of course they do. Artificially low interest rates favor wealthy, leveraged borrowers at the expense of middle-class savers.

[Peter Schif Show©️ @PeterSchiflive]

The biggest problem with Warsh hearing is discussing inflation without a clear understanding of what the word means. If you incorrectly define inflation as rising prices instead of an expansion of the supply of money and credit, any discussion that follows becomes meaningless.

[Peter Schif Show©️ @PeterSchiflive]

The most frustrating part of Warsh’s testimony was his failure to hold Congress accountable for its contribution to the inflation problem. By allowing members to complain about inflation without pointing out their role in creating it, Warsh did a disservice to the nation.