Trump Wants to Buy an Airline With Your Money — This Is Not Capitalism

Trump wants to buy Spirit Airlines at bankruptcy with taxpayer money to "save jobs." That's not capitalism — that's Bernie Sanders with a red tie. - Today’s podcasts is sponsored by Pebl. Go to .ai to get a free estimate. - Today’s podcast is also sponsored by NetSuite. Download Netsuite’s free business guide, Demystifying AI, at Jerome Powell's final press conference as Fed Chair featured a claim that inflation was "under control" for 40 years before the pandemic — a statement Peter Schiff demolishes decade by decade, showing average CPI of 5.5% in the 1980s, 3% in the 1990s, and 2.6% in the 2000s, with only the post-crisis 2010s anywhere near the 2% target. The Fed held rates at 3.5% while oil surged past $108 WTI and $120 Brent, bond yields pushed back toward post-Liberation Day highs with the 30-year hitting 5%, and four FOMC members dissented on the dovish bias. Powell announced he'll stay on the board to protect "Fed independence," but Schiff argues he'll be irrelevant. The episode also covers Trump's plan to buy Spirit Airlines at bankruptcy — proof he doesn't understand capitalism — Michael Saylor's Bitcoin conference keynote pushing Stretch preferred stock as a thinly veiled Ponzi, and explosive IRS FOIA documents proving the agency collaborated with Puerto Rico's SIF to shut down Euro Pacific Bank as a PR stunt, with every email focused on publicity strategy rather than any actual wrongdoing. Chapters: 00:00 Cold Open Montage 00:58 Fed Holds Rates 02:47 Powell Stays On 05:07 Fed Independence Debate 06:17 Inflation Mandate Critique 09:38 Reporters And Data 11:04 Decades Of CPI Reality 15:01 Ad Break Pebble 16:43 Powell On His Record 20:04 Inflation Fire Economy Weak 21:59 Oil Yields And Markets 27:18 Gold Silver And EPAM Pitch 29:15 Ad Break NetSuite 31:05 Trump Spirit Bailout 34:10 Bitcoin Conference Reality Check 37:21 Saylor Stretch Digital Credit 39:44 Ponzi Claims And Warning 42:57 Yield Over Bitcoin 43:26 IRS FOIA Fight 45:58 Explosive Email Evidence 47:02 Debanking Timeline 49:55 SIF Findings Breakdown 57:42 PR Motive Revealed 01:06:47 Press Conference Coordination 01:16:43 Why This Matters 01:20:08 Puerto Rico Potential 01:25:12 Final Call To Action Follow @peterschiff X: Instagram: TikTok: Facebook: Free Reports & Market Updates: Book Store: Sign up for Peter's most valuable insights at Schiff Gold News: Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: * Check out Plaud AI and use my code GOLD for a great deal: * Check out Quince and use my code quince.com/gold for a great deal: * Check out TruDiagnostic and use my code GOLD20 for a great deal: Privacy & Opt-Out:

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Trump Wants to Buy an Airline With Your Money — This Is Not Capitalism is an episode from The Peter Schiff Show Podcast by Peter Schiff.

This episode is 84:01 long.

This episode was published on Apr 30, 2026.

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