Thanksgiving: How Capitalism Saved America From Socialism – Ep 754

The Peter Schiff Show Podcast

* 2021 marks the most expensive Thanksgiving dinner ever.
* Oil companies can’t pump oil as fast as the Fed can print money.
* Pilgrims set sail for Communism, but landed on Capitalism.
* Desperate Americans look to crypto as a ticket to wealth.
* Bitcoin is fiat and people will lose faith in it like other fiats.
* Alex Mashinsky of Celsius tells desperate Americans to take out loans to buy Bitcoin.
* CNBC hosts an hour-long special shilling Bitcoin.
* Cathie Woods is bullish on Bitcoin, but expects deflation.
* Wherever inflation starts, it always ends up at the supermarket.
* Fed can’t fight inflation and bail out the housing market at the same time.
* Even Fed’s preferred data shows they are miles above their inflation target.
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