Trump wants to buy Spirit Airlines at bankruptcy with taxpayer money to "save jobs." That's not capitalism — that's Bernie Sanders with a red tie.
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Jerome Powell's final press conference as Fed Chair featured a claim that inflation was "under control" for 40 years before the pandemic — a statement Peter Schiff demolishes decade by decade, showing average CPI of 5.5% in the 1980s, 3% in the 1990s, and 2.6% in the 2000s, with only the post-crisis 2010s anywhere near the 2% target.
The Fed held rates at 3.5% while oil surged past $108 WTI and $120 Brent, bond yields pushed back toward post-Liberation Day highs with the 30-year hitting 5%, and four FOMC members dissented on the dovish bias. Powell announced he'll stay on the board to protect "Fed independence," but Schiff argues he'll be irrelevant. The episode also covers Trump's plan to buy Spirit Airlines at bankruptcy — proof he doesn't understand capitalism — Michael Saylor's Bitcoin conference keynote pushing Stretch preferred stock as a thinly veiled Ponzi, and explosive IRS FOIA documents proving the agency collaborated with Puerto Rico's SIF to shut down Euro Pacific Bank as a PR stunt, with every email focused on publicity strategy rather than any actual wrongdoing.
Chapters:
00:00 Cold Open Montage
00:58 Fed Holds Rates
02:47 Powell Stays On
05:07 Fed Independence Debate
06:17 Inflation Mandate Critique
09:38 Reporters And Data
11:04 Decades Of CPI Reality
15:01 Ad Break Pebble
16:43 Powell On His Record
20:04 Inflation Fire Economy Weak
21:59 Oil Yields And Markets
27:18 Gold Silver And EPAM Pitch
29:15 Ad Break NetSuite
31:05 Trump Spirit Bailout
34:10 Bitcoin Conference Reality Check
37:21 Saylor Stretch Digital Credit
39:44 Ponzi Claims And Warning
42:57 Yield Over Bitcoin
43:26 IRS FOIA Fight
45:58 Explosive Email Evidence
47:02 Debanking Timeline
49:55 SIF Findings Breakdown
57:42 PR Motive Revealed
01:06:47 Press Conference Coordination
01:16:43 Why This Matters
01:20:08 Puerto Rico Potential
01:25:12 Final Call To Action
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