Government Hiring Spree Means Higher Taxes and Inflation - Ep 982
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The September Jobs Report: A Deeper Dive into Government Hiring and Market Implications Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only. Get $20 credit by being one of the first 500 traders. https://kalshi.com/gold Peter unpacks the September jobs report, highlighting the surprising surge in government hiring amidst looming elections. He questions the authenticity and timing of these figures, suggesting political motivations behind the data boost for the Biden-Harris administration. Peter contrasts private versus government job creation, explaining the economic implications of these new roles funded by taxpayers. As he laments the service sector's dominance and the fading strength of manufacturing, he predicts post-election job revisions. Peter also advises against broad faith in market indicators and reiterates the urgency of investing in gold and silver stocks, casting a skeptical eye on Bitcoin's faltering performance compared to gold. Overall, he stands firm against superficial economic narratives, advocating for practical investment strategies informed by a realistic outlook. 🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com 🔔 Free Reports & Market Updates: https://www.europac.com 🟡 Schiff Gold News: https://www.schiffgold.com/news 📘 Book Store: https://schiffradio.com/books 👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff 👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff 👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial 👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff Timestamps: 00:42 Jobs Report and Political Implications 04:18 Analyzing the Jobs Data 09:57 Government vs. Private Sector Jobs 14:53 Economic Consequences of Government Hiring 25:08 Labor Market Developments and Automation 32:51 Employer Liability and Automation 34:22 Market Reactions and Fed Rate Cuts 36:20 Oil Prices and Inflation Concerns 37:51 Manufacturing Recession and Service Sector Strength 45:49 Gold and Silver Market Dynamics 52:59 Emerging Markets and Investment Opportunities 54:23 Bitcoin's Bear Market Analysis 57:28 Conclusion and Final Thoughts #jobsreport #governmentjobs #inflation Privacy & Opt-Out: https://redcircle.com/privacy
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