Kevin Warsh Can't Answer a Single Question - Next Fed Chair?

Warsh won't say Trump lost in 2020, won't name one policy he disagrees with, and can't explain what 1% rates would do. This is our next Fed Chair.This episode is sponsored by InvestingPRO. Get 55% off + an EXTRA 15% off with my code PETERSCHIFF at checkout! Sign up: https://www.investing-referral.com/peterschiff/This episode is also sponsored by Outskill. Bonuses worth $5100+ if you join and attend. Grab your free seat to the 2-Day AI Mastermind: https://link.outskill.com/PETERSCHIFFAP4Donald Trump's Fed Chair nominee Kevin Warsh spent two hours dodging every meaningful question in his Senate confirmation hearing, and Peter Schiff watched the whole thing so you didn't have to. Warsh refused to say whether Trump lost the 2020 election, wouldn't name a single Trump policy he disagreed with, and couldn't answer the obvious question of what 1% interest rates would do to consumer prices — even though he'd already admitted inflation comes from government spending and money printing.Before breaking down the hearing, Schiff delivers a history of the Federal Reserve that most economics PhDs have never learned: why the Fed was created as a private bank to issue superior banknotes backed by 40% gold, how the original act prohibited the Fed from owning treasuries, and how World War I opened the door to everything wrong with monetary policy today. He also takes aim at MicroStrategy's Strategy preferred stock as a textbook Ponzi scheme — Saylor can only pay the 11.5% yield by selling new shares, and the fine print lets him stop paying whenever he wants.Chapters:00:00 Cold Open and Intro00:57 Warsh Nomination Stakes02:34 InvestingPro Sponsor Demo07:32 Why Fed History Matters08:08 Before the Fed Era11:12 Fed Independence and Constitution14:00 Superior Banknotes Explained17:40 Outskill Sponsor Break21:47 Elastic Money Supply Myth25:49 War Finance and Treasuries32:16 Hearing Reactions Begin33:05 Trump Spending And Inflation34:02 Warren Attacks And Rate Cuts35:17 Warsh Denies Being Puppet36:34 Fed Praise And Wealth38:16 Price Stability Redefined41:15 Dodging Trump Questions43:45 One Percent Rates And QE46:06 Inflation Tax And Deficits47:00 Fed Chair And The Dollar49:54 No CBDC Crypto Pandering50:46 MicroStrategy Ponzi Rant54:20 Lawyer Evasions And Politics57:34 Warsh Verdict And Gold Pitch01:02:11 Final Wrap And SignoffFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #FedChair #KevinWarshOur 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