Jobs Report “Beat” Is Another Lie: 1.1 Million Jobs Erased

Peter Schiff explains why today’s “better than expected” jobs report is meaningless—and why the real story is the massive downward revisions. The government erased roughly 2.5 million jobs going back to 2019, including about 1.1 million from 2025 and over 800,000 from 2024. That means many of the celebrated “beats” from the past two years were actually misses, and markets were trading on bad data.This episode is sponsored by NetSuite. Download the free “Demystifying AI” at https://netsuite.com/goldSchiff breaks down how automated trading reacts to jobs prints (strong jobs = buy dollars/sell gold), why the birth/death model distorted reality, and why gold and the dollar are no longer reacting the way they used to. He also covers rising oil and oil stocks, why gold and silver miners may hit new highs before the metals, why foreign markets are crushing U.S. stocks year-to-date, and why the dollar index looks set up for a sharper decline.Finally, Schiff argues the crypto crash is the first bubble to pop—an early warning for broader asset bubbles—and explains why tokenized gold is becoming the real “digital money” narrative as Bitcoin’s “digital gold” claim fails in real time.Chapters:00:00 Introduction and Opening Remarks00:56 Analyzing the Employment Report03:06 Revisions and Job Market Realities07:17 Impact on Markets and Currency11:41 Oil and Energy Market Trends16:24 Stock Market Performance and Predictions26:06 Economic Data and Debt Discussion31:04 Inflation and Its Consequences34:11 Understanding Poverty and Supply35:52 The Role of the US Dollar in Global Trade37:07 Impact of Dollar Collapse on Global Markets40:11 Trump Administration's Economic Policies41:51 Bitcoin's Decline and Market Bubbles52:21 The Future of Gold and Tokenization58:34 Preparing for Economic CrisisFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#economiccrisis #jobmarketanalysis #goldinvestmentOur Sponsors:* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy