* Fed forced to admit that inflation will be higher and last longer than they predicted. * June CPI numbers come in almost double Fed’s expectations. * Highest monthly CPI increase in 13 years. * Stock indexes are not a hedge against inflation. * Producer costs are rising faster than consumer prices. * Consumer prices are rising faster than wages. * No signs that inflation is transitory in the oil market. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy