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Debt Interest Is About to Pass Social Security... Here's What Breaks
3 november 2026 · 55 min
Interest on the debt is about to pass Social Security, and Peter Schiff explains why the Fed is trapped and QE is coming back. Lees meer
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Next year, interest on the national debt passes Social Security, and the Fed has no way to fight the inflation that follows.
Peter Schiff breaks down Wednesday's Fed decision. Kevin Warsh held rates at 3.75% to 4% while calling the economy strong, admitting inflation is still too high and conceding that policy is accommodative. After one 25 basis point hike against a 125 basis point rise in inflation, Peter calls it what it is: the Kevin Warsh show, tough talk with nothing behind it.
The real constraint is the debt. Interest has already passed defense and is on track to pass Social Security next year, even if rates hold. Hiking enough to beat inflation would push the interest bill toward $3 to $4 trillion against barely $5 trillion in tax revenue, so the Fed is boxed in: the hike cycle gets abandoned and QE comes back. Peter also covers gold below $4,000 and silver below $50 as a buying opportunity, the AI selloff hitting Alphabet, Intel and the Mag 7, and why a Democratic Congress will mean bigger deficits, not gridlock.
Chapters:
00:00 Debt Interest Time Bomb
01:08 Back From New Orleans
02:16 Gold Silver Shock Drop
04:28 Fed Holds Rates Steady
05:50 Tough Talk No Action
11:38 Politics And The Pause
16:47 Warsh As Fed Puppet
21:58 Inflation Worsens Ahead
24:16 Democrats Congress Risks
28:10 No Gridlock Ahead
29:19 Blame Game Strategy
31:22 Voters Blame President
32:26 Federal Aid Threats
34:30 Five…
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America Is About to Vote for Socialism... Get Ahead of It Now
27 oktober 2026 · 1 uur 1 min
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Printing money was the cure. Now it's the disease, and the next crisis arrives with no medicine left.
Peter Schiff explains why the Fed won't hike this week despite inflation that keeps rising: the decision is political, not economic, and rates are still far too low. Brazil just showed what happens when voters choose socialism, with Brazilian stocks down 23% in dollars in one day, roughly a Black Monday, and Peter argues Americans are about to make the same choice in the midterms. He takes apart the record $55.4 billion in farm welfare, the rent-seeking behind it, and why the consumer pays twice: once at the grocery store and again in the subsidy.
Peter also explains why the Republican "tax cuts" are no cut at all when the deficit is financed by inflation and 7.5% mortgages, why California's "one-time" billionaire wealth tax is the camel's nose under the tent, and why the air coming out of the AI bubble matters more than Wall Street admits: when it pops, governments and companies are fighting over the same scarce credit, and there is no bailout money left. Gold at $4,000 is the floor, not the ceiling, and the gold sell-off is happening for the wrong reason.
Chapters:
00:00 Debt Crisis Warning
00:38 Podcast Setup and Fed Week
01:45 Why the Fed Won’t Hike
02:35 Politics Behind Rates
04:40 Fed Still Inflating
05:18 Brazil Election Shock
08:16 Bolsonaro vs Lula Framing
11:02 Democracy and Socialism
13:25 Farm Subsidy Blowup
18:46 Subsidies Raise Food Costs
21:10 Tobacco Subsidy Contradictions
23:38 Free Market Farming Case
24:12 Protectionism and Imports
27:47 Seen vs Unseen Politics
30:10 Republicans Becoming Democrats
32:00 Farm Subsidy Reality Check
32:54 Why Energy Subsidies Backfire
34:59 Tax Cuts vs Spending Truth
38:25 Medicare Politics Flip
40:44 Obamacare Insurance Logic
42:53 How Government…
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2008 and 2021 Are Hitting at the Same Time... The Inflation Bomb Is Lit
21 oktober 2026 · 59 min
Producer prices just annualized to 17%. Banks sit on $2 trillion in mortgage losses. Peter Schiff explains why 2008 and 2021 are both hitting at once. Lees meer
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Producer prices just annualized to 17%, and banks are sitting on $2 trillion in mortgage losses before a single default.
Peter Schiff says the data looks like late 2020 and early 2021 all over again. September PPI rose 1.3% in one month, core PPI annualizes to 9%, import prices are up 8.1% year over year and export prices 11.6%. These are the leading indicators of consumer prices, and the CPI is already up 4% in the first nine months of 2026. Peter forecasts CPI above 7% in 2027, worse than any year under Biden, while Fed Chair Kevin Warsh has delivered a single 25 basis point hike.
Housing looks like 2007. Pending home sales just hit the lowest level in the index's history, builder confidence is the weakest since 2012, and new homes now sell for less than existing ones. Lenders hold $8.5 trillion in fixed-rate mortgages at an average 4.6% coupon, about $2 trillion underwater, four times the realized losses of the 2008 crisis. Peter explains why the Fed cannot bail out housing with QE while inflation is this hot, why Fannie and Freddie will need another bailout, and why the dollar sits at the center of what comes next.
Chapters:
00:00 Inflation and Housing Collide
02:42 Fed Averaging Target Nonsense
05:45 COVID Stimulus Fueled Inflation
09:36 PPP Fraud and Fed Balance Sheet
14:31 Transitory to Political Fallout
18:08 2026 CPI Surge and Weak Growth
22:42 Polls Turn on Trump Economy
26:17 Energy Shock and PPI Warning
29:30 Fed Behind Inflation
32:05 Import Export Price Shock
34:27 G…
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Gold Should Have Soared This Week... Traders Just Handed You a Gift
18 oktober 2026 · 38 min
Producer prices rose 1.3% in one month, 17% annualized. Gold and silver fell anyway, and that is a gift. Lees meer
Peter Schiff wraps a week of hotter-than-expected inflation data: September CPI up 0.6%, PPI up 1.3% against 0.5% expected with core up 0.7%, import prices up 1.1%, and export prices up 2.2% in a single month and 11.6% year over year. Traders sold gold, silver and bonds on the idea that the Fed will get tougher, but the numbers show the Fed has already lost. Fed Chair Kevin Warsh is a dove in hawk's clothing, with one 25 basis point hike in five months while the balance sheet and money supply keep growing. Gold ended near $4,145 and silver near $56.85, a buying opportunity for anyone who understands what comes next.
He explains why a mortgage crisis is brewing: $8 trillion of fixed-rate mortgages averaging 4.6% with rates at 7.5% means $2 trillion in unrealized losses before a single default, more than four times the losses of the 2008 crisis. Plus inflation under Trump versus Biden, oil above $101 as the Strategic Petroleum Reserve drains, $1.4 trillion in annual interest on the national debt, and why Peter is dressed as Goldmember.
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Fannie Mae Just Crashed 23% in Three Days... Home Prices Are Next
15 oktober 2026 · 1 uur 12 min
September prices rose 0.6%, or 7.4% annualized. Peter Schiff explains why the Fed has already lost the inflation fight and housing is next. Lees meer
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September prices rose 0.6% in a month. Annualized, that is 7.4% inflation, and Washington never reports it that way.
Peter Schiff breaks down the September CPI report: a 0.6% monthly gain, 3.7% year over year, and a hotter-than-expected core reading. Washington annualizes GDP to make it look bigger but never annualizes inflation. Markets sold off across bonds, gold, silver and tech, and the odds of an October rate hike jumped from about 15% to over 40%. Peter explains why Fed Chair Kevin Warsh is a dove in hawk's clothing, with one 25 basis point hike in five months while the money supply and balance sheet keep growing. The Fed has already lost the inflation fight, which makes the sell-off in gold and silver a buying opportunity.
He traces the spiral: deficits drive inflation, inflation drives rates, and higher rates widen the deficits again. With the 30-year mortgage above 7.5% and Fannie Mae and Freddie Mac down more than 20% in three days, home prices have to fall. Plus the Beige Book's stagflation signal, 479 new 52-week lows against 60 new highs, and why Richard Heart's arrest confirms Peter's call on HEX.
Chapters:
00:00 Deficit Inflation Spiral
01:02 CPI Shock Breakdown
03:47 Markets React Rate Hike Odds
07:28 Gold Mispriced Opportunity
08:08 Fed Hawk Talk Exposed
10:18 Why Bonds Lose to Inflation
14:24 Housing Standoff Fannie Freddie
16:36 QE Return Dollar Risk
17:18 Buy the Dip Pitch
18:37 Inflation Hawks Smoke Mirrors
21:24 Socialism vs Capitalism Defined
28:20 T…
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Worse Than 2008. Worse Than COVID. And They Call It a Boom.
10 oktober 2026 · 56 min
Consumers are more worried now than at 2022's 40-year inflation high. Peter Schiff shows why the 'greatest economy ever' is pure fiction. Lees meer
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Consumers are more worried about their finances than at any point in 75 years. Washington calls it a boom.
Peter Schiff takes apart the claim that America has the greatest economy in history. The University of Michigan's current conditions index just fell to an all-time low in a survey that dates to 1951. Households were less worried during the Cuban missile crisis, the 1970s gas lines, 9/11, the 2008 financial crisis, COVID and the 40-year inflation high of 2022 than they are today. Loan delinquencies are the highest since 2010, and the biggest wealth gains are going to households headed by someone 75 or older, because the same policies that raise the cost of living also inflate the stocks they own.
Peter argues the weak economy explains the week's politics: a diesel deal with Russia three weeks after a law authorizing 100% tariffs on buyers of Russian energy, a pledge not to bomb Iran until after the midterms, and a committee of Trump appointees investigating Fed governor Lisa Cook. He also covers Fed minutes in which officials concede policy is not restrictive, a 30-year Treasury yield that reached 5.73%, why 7.4% mortgages are a return to normal, the week in gold, silver and Bitcoin, and why barring Microsoft from sponsoring foreign workers sends those jobs, taxes and spending overseas.
Chapters:
00:00 Record Low Confidence
01:03 Trump Boom Claims
03:39 Michigan Sentiment Shock
06:58 75 Years of Crises
11:19 Great Economy Fiction
11:36 Winter Prep Sponsor
12:46 Polls and Debt Stress
16:19 Who Benefits From Boom
17:54 Russia Diesel Flip Flop
22:29 Iran Timing and Markets
24:16 Rename AI to…
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Tariffs Failed. Imports Hit a Record. France Is Rioting. We're Next.
7 oktober 2026 · 58 min
Tariffs failed, imports hit a record, and France is rioting. Peter Schiff explains why America's sovereign debt crisis is next. Lees meer
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Imports hit a record in August, the tariffs failed, and France just showed America where runaway debt ends.
Peter Schiff opens with the August trade deficit: $105.6 billion against a $99 billion forecast, with total imports at a record high despite Trump's tariffs. The tariffs did not reduce buying; they only made imports more expensive. Prices paid in the ISM services survey rose to 74, the highest since July 2022. Peter argues Republicans squandered two years of control and that Trump could have forced a balanced budget by vetoing debt ceiling increases, but pushed to abolish the ceiling instead.
France is the preview. Its 10-year yield of 4.75% now sits below America's 5.28%, its government spends 57% of GDP, and even timid proposals to slow spending growth are meeting protests in the streets. Peter explains why the eurozone failed exactly as he warned in the 1990s, then makes the case that keeping America out of World War I would have prevented World War II. With gold below $4,200 and silver near $60, he argues precious metals are the last safe haven as sovereign debt crises spread.
Chapters:
00:00 Global Debt Unrest
00:42 Stocks Hit Records
02:37 Trade Deficit Shock
07:40 Tariffs Backfire
10:48 Inflation Signals Rising
12:51 GOP Spending Failure
16:28 Veto Power Missed
18:25 MAGA Loyalty Machine
25:09 France Bon…
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Jobs Missed. Wages Stalled. Tariffs Failed. Bonds Fell Anyway.
3 oktober 2026 · 51 min
Peter Schiff on a 29,000 jobs miss, weak wage growth, a $132.6B trade deficit, Trump's inflation remark, and why bonds sold off anyway. Lees meer
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Peter Schiff breaks down the September jobs report: just 29,000 jobs against an 85,000 estimate. July was revised back to negative 10,000 and August down to 133,000. Unemployment rose to 4.2%, private payrolls added 46,000, and average hourly earnings rose only 0.1%, the smallest monthly gain in more than five years, while August CPI rose 0.4%. Peter had forecast both the miss and the downward revisions on Tuesday's podcast.
Peter explains why the bond market sold off despite the weak report and softer August PCE data, even as the odds of an October rate hike fell sharply. The 10-year Treasury closed the week at 5.28% and the 30-year at 5.63%, which he calls classic bear market action. He also covers personal income rising 0.2% against spending up 0.9%, a 4.1% savings rate, and an August trade deficit of $132.6 billion, the fourth worst in US history, which he says shows tariffs have not reduced imports and that importers are the ones paying them.
On stocks, Peter notes the Nasdaq hit an intraday record while 147 stocks made new 52-week lows against 38 new highs on the week, breadth he compares to 1999-2000 and 1973. He responds to President Trump's interview comment that inflation will pay off the debt, arguing it amounts to a sell signal for bondholders, and disputes Trump's claim that he inherited inflation from Biden.
Peter reviews gold near $4,140, silver at $60.37 and the miners, Bitcoin near $84,500 and Strategy's Stretch trading back near par, and argues the data points to stagflation, with AI capital spending propping up GDP. He discusses the G7's 100 million barrel oil reserve release, mortgage rates he thinks could reach…
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Every Crisis I Warned About Is Converging... This Is the End Game
30 september 2026 · 56 min
Peter Schiff on record bond yields, a 12-year low in consumer confidence, the end of the 40-year refi era, and why gold is the last safe haven. Lees meer
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Bond yields hit new highs on weak data, consumer confidence sank to a 12-year low, and Peter says the end game has arrived.
The 30-year Treasury touched 5.62% and the 10-year closed at 5.26%, two weeks after 5% was supposed to be the ceiling. What makes this week different is that bonds sold off on bad news: consumer confidence collapsed to 81.9, the lowest in 12 years and below the depths of the pandemic, job openings missed, and yields rose anyway. Peter's warning is direct: if Friday's jobs number is weak and bonds still fall, the orderly grind lower becomes a crash. Gold's $170 drop is the market getting this backwards. Money leaving bonds ends up in gold, the last safe haven standing.
The bigger story is housing. America is now in the worst quadrant, high debt and high rates, which it has never lived through. For 40 years mortgage rates only fell, from 18% in 1981 to 2.65% in 2021, and homeowners rode that wave with serial cash-out refis that turned the house into an ATM. At 7.4% and headed past 8%, that era is over: no more refis, no cash out, no wealth effect, with homes at five times income and down payments at 13.8%. Fannie and Freddie are down 75% while the government buys more mortgage bonds. Neither party will name a cut. Every crisis Peter has warned about is converging, and he says to get your plan B in order.
Chapters:
00:00 Bond Crash Warning
01:02 Yields Surge and Mortgages
02:59 Gold Dip and Safe Haven
07:11 Weak Data Ignored
13:21 Housing Market Cracks
14:48 Password Security Ad
16:00 High Debt High Rates Era
19:17 Housin…
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This Happened Twice in 100 Years... Both Times, Stocks Fell 49%
27 september 2026 · 1 uur 8 min
Peter Schiff on why 86% of the S&P is already in a bear market, the 1973 and 2000 parallels, 5% Treasury yields, and new IRS emails on his bank. Lees meer
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Market breadth has only been this bad twice in 100 years, and both times the S&P 500 fell nearly 50%.
Peter Schiff opens with the relentless rise in long-term yields: the 10-year Treasury closed at 5.16%, the 30-year at 5.49%, and the five-year at 5.00%, while stocks shrug it off. Mortgages sit above 7% only because the Trump administration ordered Fannie and Freddie to buy, and Peter expects 8% regardless. Bond yields rose even as oil fell from $100 to $92, showing the bond market has decoupled from the Fed narrative. The S&P is 0.7% from a record, but the average stock is 19% below its high, 60% of stocks are in bear territory, and new lows outpaced new highs three to one. Peter compares this to January 1973 and early 2000, the only two precedents, both followed by roughly 49% declines. He also covers the Michigan sentiment drop to 48.1 and the hoarding psychology behind it, Bill Ackman's call to raise the inflation target, why rising yields are bullish for gold, and the Trump-Xi meeting that produced no commitments. The second half returns to Euro Pacific Bank: newly unredacted IRS emails reveal an MOU with OCIF and no answer when the IRS-CI chief asked what the bank did wrong, while the receiver has repaid 78 of roughly 3,500 customers in four years and paid himself over $850,000.
Chapters:
00:00 Breadth Crash Warning
00:59 Bond Yields Surge
04:40 Global Rates and Mortgages
07:37 Oil Link Breaks
11:01 Consumers and Hoarding
14:58 Markets Misread Gold
18:47 …
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22-Year High Yields. Record Diesel. McDonald's Gave Up on 2%.
24 september 2026 · 57 min
Peter Schiff on 22-year high yields, record diesel, McDonald's inflation warning, and Trump's claim he told Warsh how to vote. Lees meer
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Peter Schiff reviews the rise in Treasury yields to multi-decade highs and what 5% rates would mean for interest on the $40 trillion national debt. He opens with a comment Donald Trump made after the Fed's 25 basis point hike: that he told Kevin Warsh he "might as well vote with the board." Peter argues that either Trump is lying or, if the conversation happened, the Fed chairman is clearing his votes with the president, and that Warsh should be asked directly at the next press conference.
He then turns to the bond market. The five-year auction cleared at 5.03%, the highest in just over 20 years; the 30-year reached 5.41%, a 22-year high, and the 10-year hit 5.12%. He expects the 10/30 spread, now under 30 basis points, to widen back toward 50 or more, and suggests shorting the 30-year against the 10-year. If the government pays 5% on $40 trillion, interest would run $2 trillion a year, about 35% of tax revenue and more than Social Security, with the debt growing by more than $3 trillion a year. He says stock investors still assume yields are near a top.
McDonald's stock fell about 5% after its CEO said inflation would stay elevated for "many more years," which Peter contrasts with Warsh's claim that expectations are anchored at 2%. He agrees with Warsh that growth does not cause inflation; loose monetary policy does.
Diesel set another record above $6.50 a g…
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The Fed Hiked Rates 0.25%. It Won't Stop What's Coming.
17 september 2026 · 59 min
The Fed hiked a quarter point. Peter explains why it will not stop the bond market, the dollar, or what is already coming for housing. Lees meer
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The Fed finally hiked. Peter says the quarter point changes nothing about what is already in motion.
The Federal Reserve raised the fed funds rate 25 basis points to 3.75 to 4 percent, a 90 percent probability going in and a unanimous vote coming out. Peter's read is that none of that signals resolve. The Fed did not hike because it wanted to. Months of tough talk had stopped working, the bond market had called the bluff, and the committee was left with a put-up-or-shut-up moment it could not dodge. So it did the smallest thing available, and Kevin Warsh gave the shortest press conference of his tenure on the way out.
A quarter point does not touch inflation heading for a four handle, not with oil above 100 dollars and diesel at record highs. The reason the Fed will not do more is not caution, it is capacity. A hike large enough to break inflation would break the economy and the Treasury's ability to fund itself.
The market understood immediately. The Dow closed down roughly 600 points after being green before the announcement, and the 10-year Treasury pushed back above 5 percent, which Peter calls a stepping stone to 6. He also covers Trump's demand for sub-1 percent rates, Scott Bessent's testimony, why 8 percent mortgages are coming, and why he expects gold to recover from this selloff quickly.
Chapters:
00:00 Fed Hikes Under Pressure
00:33 Markets Priced In the Move
03:46 Fed Cornered by Inflation Talk
06:38 Symbolic Hike and Market Fallout
10:11 Fiscal Policy and Real Inflation
21:31 Bond Yields Surge and Tr…
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I'm Banned From Fox News for This Forecast... It Just Came True
13 september 2026 · 1 uur 2 min
Fox dropped Peter for saying inflation would accelerate. August CPI proved it. Now an 88% rate hike, 19-year-high yields, and $100 oil. Lees meer
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Peter got dropped from Fox News for saying inflation would accelerate. August CPI just proved him right.
Last December Peter went on Fox News and said prices were still rising and the rate of increase would accelerate. Trump called him a Trump hater; Fox stopped booking him. Today's CPI: up 0.4% for August, 3.4% year over year, core hotter than expected, PPI running 5.4%, oil back over $100. Consumer inflation expectations jumped to 4.6%. Everything he said would happen has happened, while the president told a Republican convention this week that prices are "rapidly going down."
Markets now put 88% odds on a rate hike next week, and Peter says the Fed has backed itself into a corner: Warsh has talked tough for so long that not hiking ends the Fed's credibility. But a symbolic 25 basis points "ain't gonna cut it" when inflation is rising faster than rates. The bond market already knows. The 10-year hit 4.97%, a 19-year high, the 30-year 5.35%, and Peter argues we're only six years into a bear market where 5% is nowhere near the top, with $40 trillion of debt to refinance. He also takes apart Trump's $5,000 "dividend" (a bribe paid from $4 trillion of new debt), calls gold dips a gift, and says Bitcoin's chart projects to zero.
Chapters:
00:00 Fox News Inflation Call
00:34 9/11 Reflections and Liberty
05:27 CPI Report and Fed Odds
14:16 Symbolic Hike Won’t Work
36:49 Metals and Bitcoin Check
37:51 Bitcoin Head and Shoulders
39:24 Why a Midterm Convention
44:55 …
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The Bond Market Is About to Break... And Stocks Go With It
9 september 2026 · 59 min
Oil near $100, copper at a record, and the Fed still says 2%. Why the bond market breaks before the stock market does. Lees meer
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Oil near $100, copper at a record, and 65 straight months above 2%. Peter says the bond market breaks first.
Brent touched $99.50 and copper hit an all-time high, and Peter's point is that the Fed's 2% target was already unreachable when oil was falling. Sixty-five months above target, and now the inputs are rising again. PPI Thursday and CPI Friday could both come in hot, and if they do, the damage shows up in bonds before it shows up in stocks. The market is pricing roughly 60% odds of a hike next week. Peter doesn't think the Fed will do it, and thinks 25 basis points wouldn't matter if it did, since the market would immediately start pricing the next one.
The rest is the bill coming due elsewhere. China just posted a record trade surplus, with August exports up 25% year over year and exports to the US up 34%, which is what happens when tariffs price Americans out of the best deal rather than moving production home. Peter got the receipt himself: the courier billed him for the tariff, then billed him again to process it. Meanwhile the hyperscalers that used to park cash in Treasuries are borrowing from the same pool the government needs, at a moment when interest costs already run $1.2 trillion a year.
Chapters:
00:00 Intro
00:39 War Shock Fuels Commodities
02:15 Copper vs Gold Real Money
06:11 Iran War Drags On
21:31 Tariffs and Trade War Fallout
30:18 Producers vs Consumers
31:50 Tariffs Shift Trade
35:52 Why Trade Wars Fail
43:37 Nickels Beat Treasuries
50:59 Fed, Inflation, and Wrap-Up
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Bond Yields Just Hit a 2007 High... Every Buyer Became a Seller
6 september 2026 · 58 min
Peter Schiff on the fake jobs beat, Trump's trade ultimatum, yields at 2007 highs, a 162% tariff bill, and why the Fed is the last buyer. Lees meer
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The government says 162,000 jobs is a boom. Peter Schiff says it's a miss, and the bond market agrees.
The August jobs report came in at 162,000 against a 55,000 consensus, and Peter Schiff walks through why the number is worse than it looks. The birth-death model supplied 74,000 of those jobs, 45% of the total, on the assumption that new businesses were hiring. More than a third of the rest were waiters and bartenders. JOLTS and ADP both pointed the other way, last month was revised down, and real wages are falling. Kevin Hassett called it a boom; by most measures the economy is weaker than the day Trump took over.
Then Trump raised the stakes. He declared that America deserves the lowest interest rates in the world, then threatened to terminate all trade with any surplus country if the Fed doesn't cut. Peter's answer: the United States has never been a worse credit risk than it is right now. The 10-year hit 4.81% and the 30-year 5.28%, the highest since 2007. Japan has sold its Treasury holdings down from $1.3 trillion to $1.1 trillion, everyone who was buying is now selling, and the Fed will end up the buyer of last resort, which means inflation.
Peter also covers the week's real data: the July trade deficit at $88.6 billion, the biggest since March 2025; the $283 part that cost him 162% of the tariff once FedEx added its fee; diesel at a record above $5.80; Lutnick on semiconductors and Bastiat's candlemakers; Waller's rate comments sendi…
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The Bond Buybacks Just Doubled... And Now There's a Military Option
29 augustus 2026 · 57 min
Warsh talks tough, buybacks double, a military option surfaces, gold falls $140, and boat prices collapse 50%. Lees meer
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The Treasury doubled its bond buybacks this week. Then the talk turned to a military option for yields.
Fed Chairman Kevin Warsh spent his most anticipated speech of the year talking tough about inflation, and Peter Schiff explains why none of it matters. Warsh accepted responsibility for 65 straight months above the 2% target, then never once mentioned the $40 trillion national debt or the Treasury intervention running underneath him. Money supply is expanding at roughly 6% annualized since he took the job. He is talking about putting out the fire while pouring the gasoline.
Underneath the speech, the policy escalated. Treasury buybacks already doubled from $2 billion to $4 billion, with roughly a trillion in the general fund available to extend them, shortening the average maturity of the debt and leaving the government more exposed to the rate hikes markets are now pricing. And in a Fox News interview on that same intervention, a military option for lowering bond yields was raised.
Peter also covers the week's real data: gold down $140, silver reversing from nearly $71, a Chicago PMI collapse to 47.1 that was the biggest downside miss in eleven years, and a boat market where prices have fallen 50% and lenders are taking the keys, a Fed-made boom and bust he argues housing is about to repeat.
Chapters:
00:00 Inflation Firestorm
00:37 Boatcast Setup
01:02 Warsh Speech Breakdown
04:12 Debt And Twist Ignored
08:10 Forward Guidance Critique
11:19 Dual Mandate Tradeoffs
12:46 Money Supply Matters
13:56 Hawkish Ta…
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The Treasury Just Admitted It... The Bond Market Is Broken
21 augustus 2026 · 45 min
Peter Schiff breaks down the Treasury's panic move to rescue the bond market, the $40 trillion debt milestone, and gold's $185 reversal day. Lees meer
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The Treasury just doubled its bond buybacks. Peter Schiff says that's the government admitting the bond market is broken.
On the same day the national debt topped $40 trillion, the Treasury announced it is doubling its long-term bond buybacks from $2 billion to $4 billion... buying the bonds everybody else is selling, and funding it by issuing more short-term debt. Peter calls it what it is: a panic move, a Hail Mary to suppress rising yields after the 30-year hit 5.3%, its highest in over 19 years. Refinancing debt locked in at a 3.44% average coupon with 4% T-bills makes no financial sense, which is exactly why it's happening... the government is scared, not stupid.
The market rendered its verdict immediately. Gold reversed off a $185 rally to close above $4,500, silver cleared $66, and the miners surged 8-12%, while hawkish FOMC minutes were shrugged off entirely. Peter explains why this Treasury version of Operation Twist forces the Fed to follow with real QE... a program that will have to dwarf 2008's... why Bitcoin's pop above $70,000 is built on hope, and why the housing data shows the panic is justified.
Chapters:
00:00 Treasury Panic Move
01:05 Bond Yields Hit New Highs
02:58 Debt Explosion Politics
07:00 Treasury Buyback Twist
10:23 QE Next And Fed Cornered
16:04 Hawkish Minutes Gold Surge
24:03 Markets React Unevenly
24:20 Dollar Drops Oil Jumps
25:08 Fed Inflation Bind
26:30 Debt Era Comparison
27:40 Jobs Data Media Spin
29:17 Bitcoin V…
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The Next Leg Down in Your Standard of Living Just Started
17 augustus 2026 · 51 min
Peter Schiff on plunging retail sales, sticky inflation, the Fed's stealth QE, and why the world is now leaving the dollar standard. Lees meer
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Retail sales just plunged, producer prices are still rising, and the Fed is quietly expanding its balance sheet again.
The July data tells the story the markets keep ignoring. Retail sales fell 0.6 percent, the biggest drop in over a year, and since those numbers are not adjusted for inflation, real spending fell even further. Consumer sentiment sank to 51 as households braced for 4.3 percent inflation, more than double the Fed's 2 percent target. Producer prices rose 4.7 percent year over year, and instead of rallying on the weak data, the bond market sold off to its lowest weekly close of the year, with the 30-year at 5.27 percent. Meanwhile the Fed expanded its balance sheet by more than 21 billion dollars in two weeks, with the national debt about 80 billion dollars away from 40 trillion.
Peter marks 55 years since Nixon closed the gold window and calls it what it was: a 100 percent default on America's creditors. His father Irwin testified against removing gold backing in 1968, and the 1970s proved him right. Now the sequel is underway. The world is going off the dollar standard the way America went off gold, and the next leg down in the American standard of living has already started. Gold near 4,400 dollars and silver above 66 are the market's verdict.
Chapters:
00:00 Middle Class Squeeze
01:01 PPI Breakdown
04:08 Fed Balance Sheet Surge
05:23 Stagflation Signals
08:28 Bond Market Warning
11:39 Greenspan and 1987 Echoes
14:48 Stocks vs Bonds Diverge
15:33 Gold Shines Bitcoin Slips
18:16 Bitcoin Bear Case
21:08 …
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Last Week Was the Warning... What Comes Next Is Bigger
13 augustus 2026 · 52 min
A record $432B July deficit, $40 trillion in debt days away, gold above $4,400... last week's fireworks were just the opening act. Lees meer
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The CPI came in tame. Hours later the Treasury reported a $432 billion July deficit... the worst single month in US history.
Peter breaks down why the benign 0.1% July CPI is an accounting illusion: the BLS compares monthly averages, so June's oil collapse masked July's crude rebound, and August is set up to run hot. The real inflation news came later that day from the Treasury: a record $432 billion July deficit, $1.8 trillion in just ten months, and a national debt now less than $150 billion from $40 trillion. Bigger deficits mean more pressure on the Fed to choose inflation, which is exactly why the bond market refused to rally on the "good" CPI number.
Gold holds above $4,400 and silver above $65 as heavy Asian buying signals the de-dollarization trade is back on, while Bitcoin sits dead at $63,500 and misses the entire rally. Peter also covers the yen back above 159 and the Fed's swap-line backdoor QE for Japan, both parties drifting left after the latest primaries, Trump family corruption from Truth Social premium access to Barron's $150 million, and the Iran endgame: no deal, a closed Strait of Hormuz, and a president claiming victory in a war America clearly lost.
Chapters:
00:00 Inflation Signals Not Prices
01:22 CPI Print And Market Bets
04:24 CPI Math Masks Energy Surge
10:37 Deficits The Real Inflation Driver
19:54 Gold Surge Debt And Yen QE
31:09 Radical Left Wins Primaries
32:00 Both Parties Shift Left
34:17 Trump Corruption Claims
37:51 Bitcoin Stalls vs Gold
44:13 Iran War Reality Check
Follow …
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Everything I Warned You About Just Happened... All in One Week
8 augustus 2026 · 51 min
Peter Schiff breaks down July's negative jobs report, Japan's yen crisis, and the Fed's stealth QE bailout as gold and silver surge. Lees meer
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Recording from his boat in Rhode Island, Peter Schiff covers a week that vindicated his forecasts. The July jobs report showed a loss of 23,000 jobs, with prior months revised down another 105,000 and labor force participation falling to 61.4%, a level unseen outside COVID lockdowns in 50 years. Full-time jobs have declined in six of the last seven months while wages lag inflation, confirming the stagflation Peter has long warned about. The bigger story is Japan: with the yen at a 40-year low and JGB yields at record highs, the US executed its first yen intervention since 1998, roughly ten times larger, using euros instead of dollars and blindsiding the ECB. The Fed also took Japan's Treasuries via repo and printed the dollars, a stealth form of quantitative easing that contradicts its inflation-fighting rhetoric. Markets got the message: gold jumped 7.8% to 4,341, silver surged 12.3% to 63.46 after holding above the old $50 ceiling, and GDX rocketed 22% in one week, all far outpacing Bitcoin's 3.7% gain. Peter argues the intervention is just the beginning, the Fed will not hike before the midterms, and a currency and sovereign debt crisis is approaching. He urges listeners to prepare with gold, silver, miners, and foreign stocks, and to understand the coming crisis is caused by government, not capitalism.
Chapters:
00:00 Fed Japan Bond Backstop
01:11 Back At Sea Intro
01:59 Week Ahead Jobs Japan
03:23 Stocks Metals Surge
06:23 Bitcoin Strategy Warning
09:15 Bonds Dollar Fed Odds
14:00 July Jobs Shock
15:33 Revisions Participation Drop
19:51 Wages Inf…
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The Fed Just Chose Inflation... And the Bond Market Called Its Bluff
30 juli 2026 · 58 min
The Fed talked tough and did nothing. The 30-year hit a 20-year high. The Dow fell 1,100 points. Gold was the only thing left standing. Lees meer
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The Federal Reserve left rates unchanged at 3.5% to 3.75%, exactly where they were before Kevin Warsh took over, despite a 30% market-priced chance of a hike and three FOMC members dissenting in favor of one. Peter Schiff breaks down a press conference where Warsh declared "no tolerance" for inflation above 2% while doing nothing about it, hiding behind the excuse that the Fed "doesn't have a magic wand." Nobody asked for magic, just for the Fed to use the tools it actually has: higher rates, a smaller balance sheet, slower money supply growth. Warsh delivered none of them, and Schiff argues he made the same choice as his predecessors. Inflation is a choice, and the Fed chose it again.
The markets rendered their verdict immediately. The 30-year Treasury yield hit 5.22%, its highest in roughly 20 years, the Dow fell 2.2% or about 1,100 points to close on the lows, and the Nasdaq 100 is now down over 3% on the week as the air keeps coming out of the AI bubble, with Meta down 10% after missing earnings and SanDisk off 30% in three days. Gold told the real story: it closed up $40 at 4,070 and never broke 4,000, because rising yields driven by a loss of confidence in the Fed are bullish for gold, not bearish. Schiff calls gold the last safe haven standing. He also covers consumer confidence at a five-year low, a $101.5 billion June trade deficit proving the tariffs accomplished nothing, and why Mamdani's government-run grocery stores will empty shelves, bankrupt priva…
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Japan Is About to Pop the Biggest Bubble in History... And It Takes Us With It
26 juli 2026 · 59 min
The yen just hit a 40-year low and Japan is trapped. Whether they hike or freeze, it ends the same way: the pin that pricks our bubble. Lees meer
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Investors are far too complacent about risks that are now hiding in plain sight. The AI trade cracked this week: Alphabet fell 10% after announcing even higher CapEx, Oracle is down 41% on the year, Meta and Amazon fell, and Microsoft is nearly in a bear market. SpaceX now trades 49% below its post-IPO high with its float set to jump from 5% to 40% by year end, and Tesla dropped 18%, costing Elon Musk nearly $100 billion in a week. Peter Schiff compares the roughly three-quarters of a trillion dollars in annual AI CapEx to the dot-com build-out, where the early favorites went bankrupt and took their vendors down with them.
The bigger danger is Japan. The yen fell to a 40-year low against the dollar, the 30-year JGB yield hit an all-time high near 4%, and with debt above 200% of GDP and a policy rate still at just 1%, Japan is trapped. Whether the Bank of Japan finally hikes aggressively or stays timid, the result spills into the United States, potentially forcing the world's largest holder of US Treasuries to dump its $1.1 trillion position. Schiff calls Japan the pin that pricks the far bigger US bubble. Meanwhile the US 30-year yield hit a 20-year high of 5.16% on more than four times the debt of 2006, oil is up 30% in July guaranteeing a hotter CPI, and gold rose on the week even as bonds and stocks fell, with the miners signaling a bottom. He closes on why record-low jobless claims are meaningless in a gig economy and why Trump's new slave-labor tariffs are an unconstitutional tax on Americans.
…
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The Fed Admitted It. The Treasury Blew It. The CPI Lied.
19 juli 2026 · 1 uur 8 min
Warsh admitted monetary policy caused inflation. Bessent thinks silver certificates still redeem at Fort Knox. And import prices are up 7.1%. Lees meer
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Treasury Secretary Scott Bessent told Fox viewers that old silver and gold certificates can still be redeemed at Fort Knox. Gold certificates were repudiated in 1933 and silver certificates in 1968. Peter Schiff argues that if the man who signs the currency does not know basic monetary history, there is no reason to trust his assurance that the gold in Fort Knox is all there.
Markets confirmed the AI bubble is deflating. SpaceX fell 13.25% on the week to close below $124, under its $135 IPO price, and anyone who bought the post-IPO high near $225 is down 45%. Only about 5% of the company trades today, but lockups expire through year end and take the float to roughly 40%, an eightfold increase in supply. Gold closed at $4,017 and silver at $55.83, which Schiff calls a head fake created by the false narrative that war is bad for gold.
The honest inflation numbers tell a different story than the CPI: import prices are up 7.1% year over year and export prices are up 10.2%, against a reported 3.5%. Kevin Warsh admitted in Senate testimony that monetary policy caused the inflation, then offered a plan that amounts to talking about it while the Fed's balance sheet grew another $7.4 billion. Schiff also covers Trump selling paid early access to market-moving posts and explosive new FOIA emails showing Euro Pacific Bank was shut down for publicity, with the Australian Tax Office driving the operation to protect a journalist facing his defamation suit.
Chapters:
00:00 Trump Posts Paywall
01:23 Market Week Wrap
07:42 Gold Silver War
09:52 Inflation Data Reality
23:30 Warsh Hearing Grifts
37:59 AI Jobs and Progress
40:…
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AI Cash Cows Just Became Cash Vacuums... This Breaks the Bond Market
15 juli 2026 · 59 min
In 1914 the Fed ran on 40 people and no computers. Today it takes 23,000. Fire them all and let AI do it... it can't do any worse. Lees meer
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Kevin Warsh delivered his first congressional testimony as Fed Chair, and Peter Schiff breaks down a hearing where everyone discussed inflation while misdefining the term and ignoring their own role in causing it. June CPI came in at -0.4% versus the expected -0.1%, dropping year-over-year inflation to 3.5% — but the entire decline came from a temporary oil price drop that is already reversing as the Iran war reignites and oil climbs back 20% in July. Bond yields tell the real story: the 30-year is back near 5.1% and the 10-year near 4.6%, erasing nearly the entire post-CPI rally.
Schiff's biggest revelation from the hearing: the Fed employs 23,000 people to do a job that required just 40 when it opened in 1914 — with no computers — and argues the entire institution could be replaced by a single AI or abolished outright. He dismantles Warsh's claim of "regime change" at the Fed as being as fake as regime change in Iran, exposes the redefinition of "price stability" to mean prices that rise just slowly enough that people stop complaining, and shows how the 2% target was always a lie invented to justify inflation. He covers Warsh admitting inflation is a tax while planning to keep levying it, the court throwing out Trump's self-negotiated IRS settlement that granted his family immunity, and the AI CapEx bubble turning tech's biggest cash generators into massive borrowers that will break the bond market.
Chapters:
00:00 AI Spending Arms Race
01:08 Markets Brace for CPI
06…
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The Bond Market Breakdown Has Started... Stocks, Housing, Crypto Are Next
12 juli 2026 · 56 min
A new housing law just passed that guarantees prices go higher. Bonds are breaking. And every bank bullish on Bitcoin refuses to buy Stretch. Lees meer
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The Iran peace deal collapsed and the war is back on, yet US stock markets barely reacted — the AI bubble powering tech kept the S&P and Nasdaq positive while gold and silver sold off, with gold closing at $4,019 and silver falling 3.5% below $60. Bond yields climbed back to cycle highs with the 10-year at 4.56% and the 30-year at 5.06%, and Peter Schiff sees a major breakdown ahead that will hit stocks, housing, and crypto simultaneously.
The 21st Century Road to Housing Bill became law without Trump's signature, and Schiff argues it will make housing worse, not better. Nine decades of government housing policy — every program sold as making homes more affordable — have produced the least affordable housing in American history, because subsidizing demand raises prices and the money ends up in sellers' pockets. Trump has openly said he wants home prices to rise, in the middle of an affordability crisis. Meanwhile SpaceX fell 36% from its highs in under two weeks with every open-market buyer underwater and lockup expirations still ahead. Every Wall Street firm covering Bitcoin is bullish — Citi at $82K, Standard Chartered at $100K, Bernstein at $150K, JP Morgan at $170K — yet not one is buying Stretch at $87.48, where a 13.7% yield proves the market doesn't believe Bitcoin can appreciate 12% a year. They don't believe their own forecasts.
Chapters:
00:00 Markets D…
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We Need Another Emancipation. This Time From Our Own Government
9 juli 2026 · 59 min
Iran deal dead. DOGE dead. Saylor selling at a loss. Medieval serfs kept more of their income than you do. I warned you about all of it. Lees meer
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The Iran peace deal collapsed and the war is back on, with Trump acknowledging he was "two weeks from a depression" when he agreed to the MOU — a confession Peter Schiff says handed Iran all the leverage. Oil jumped 6% to $75, but the real story is bond yields: the 10-year hit 4.58% and the 30-year 5.07% — nearly at cycle highs despite oil being 25% below its peak, proving the debt, not the war, is driving yields higher.
FOMC minutes revealed that 9 of 13 members now support rate hikes after zero did just 90 days ago — theatrics Schiff says Warsh is orchestrating to appear hawkish without ever delivering. The May goods trade deficit exploded to $106.5 billion despite Trump's tariffs, continuing the pattern from his first term. DOGE was officially shut down with zero spending cuts achieved. Strategy sold 3,588 Bitcoin at a $15,000 per coin loss while Stretch sank to $86, and Trump's new savings accounts give kids $1,000 in borrowed money they'll repay through inflation. Schiff closes by noting that medieval serfs kept 75% of their output — more than the average American keeps today — making modern taxpayers lower in status than feudal peasants.
Chapters:
00:00 Freedom Versus Slavery
00:46 Iran Deal Collapses
05:04 Markets React to War
07:15 Oil Bonds and AI Bubble
16:17 Fed Minutes Rate Hike Theater
21:28 Tariffs Inflation Excuses
26:10 Real Rates and Debt Trap
27:41 Trade Deficit Reality Check
30:03 AI Threat to Services Surplus
32:32 Democracy Deficits and Rights
34:59 Rights And Healthcare
36:28 Housing And Free Markets
40:08 Tax Cuts And Wealth Theft
45:55 Tax…
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They Don't Want You to Hear This on Independence Day
3 juli 2026 · 59 min
Saylor authorized $1.25B in Bitcoin sales. 514K full-time jobs vanished. Trump made $2.2B selling access. 250 years later, we need another revolution. Lees meer
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The June jobs report came in at 57,000 — half of the lowest estimate — with May revised down from 172,000 to 129,000. Full-time employment collapsed by 514,000 in a single month, bringing total full-time job losses since Trump took office to 2.24 million. The labor force participation rate dropped to 61.5% as 700,000 workers simply gave up, and manufacturing has lost 73,000 jobs despite Trump's tariff promises.
Michael Saylor officially surrendered the "never sell Bitcoin" thesis, establishing a "Bitcoin monetization fund" authorizing up to $1.25 billion in Bitcoin sales to maintain dollar reserves, buy back common stock, and repurchase Stretch preferreds trading at $87.80. He raised the Stretch dividend to 12% with mandatory increases ahead. Peter Schiff argues this transforms Strategy from the market's biggest buyer into its biggest seller, removing the bid that underpinned Bitcoin's price. Trump's financial disclosure revealed $2.2 billion in income — $1.4 billion from meme coins and tokens alone — while Mar-a-Lago membership hit $1 million and the Executive Club charges $500,000 for a restaurant seat next to cabinet members. Peter closes with a 250th Independence Day reflection, arguing Americans today face more tyranny than the colonists ever did under King George, and that the revolution we need now must happen at the ballot box.
Chapters:
00:00 Holiday Intro and July 4th Tease
00:37 Jobs Report Shock and Revisions
03:43 Full-Time Jobs Slide and Tariff Reality
07:29 Fed Rate Hike Theater and Gold Bounce
16:28 Bitcoin Strategy Turns Seller
29:57 Meme Coins as Bribes
31:09 Paying for Trump Access
34:26 Debt Gimmicks and Deficits
35:38 Independence Day and Founding Ideals
45:45 Modern Tyranny and Peaceful Revolution…
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The Great Rotation Has Begun. Here's How to Make Your Money Back
27 juni 2026 · 1 uur
Stretch hit $71 intraday. Strategy down 85% from peak. The first lawsuit just landed. And CNBC has gone completely silent. Lees meer
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The Strategy death spiral accelerated dramatically this week. Stretch preferred stock plunged 18% to close at $79 after hitting an intraday low of $71 — a 29% loss from par that wiped out more than two years of dividend income in weeks. Strategy common stock crashed 30% in a single week and is now down 85% from its peak, trading at a massive discount to its Bitcoin NAV. The first class action lawsuit was filed against Strategy, and Schiff expects tens of billions in total legal liability from both Stretch and common equity holders.
Saylor continued selling common stock to buy Bitcoin despite each purchase destroying shareholder value — diluting Bitcoin per share at the current discount. Schiff argues this is done solely to maintain the illusion that Strategy is still a buyer, propping up Bitcoin's price at shareholders' expense. Bitcoin fell 8.3% to below $60,000 but is only the beginning — with Strategy sidelined as a buyer and ETF holders sitting on losses, there is no marginal buyer left. Gold traded below $4,000 and silver dropped to $56 intraday before recovering, but Schiff sees this as the likely bottom of the correction and the buying opportunity of the cycle. Alan Greenspan died at 100, and Schiff eulogized him as the architect of modern monetary inflation who proved that even a gold bug will choose inflation when given the power of the printing press.
Chapters:
00:00 Death Spiral Warning
01:50 Stretch Ponzi Explained
09:36 Why It Must Collapse
18:41 This Week’s Crash Data
28:57 Lawsuits and Market Fallout
33:14 Gold and Silver Bottoming
34:43 Fed Hype and Inflation Reality
39:11 Greenspan Legacy and Gold Signal
43:21 Dump Crypto Buy Metals
52:43 Ford Wage Myth and Wrap Up
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Iran Won the War, Adam Schiff Wants Your Money, and Japan Is About to Blow Up
22 juni 2026 · 53 min
Iran's regime survived, got $300B, and we reopened what we closed. Adam Schiff wants to steal Musk's trillion. Japan is about to blow. Lees meer
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The Iran MOU is being celebrated as a great victory, but Peter Schiff argues it achieved nothing more than returning to pre-war conditions: no fighting and the Strait of Hormuz open — both of which were true before the war started. Iran's regime survived, got immediate sanctions relief, access to a $300 billion investment fund, and frozen assets returned. The only concession is a promise not to develop nuclear weapons — the same promise they were making before the war that Trump said wasn't good enough.
Schiff dismantles Adam Schiff's viral video calling for confiscation of Elon Musk's trillion-dollar wealth, showing that dumping that much stock would crash the price to a fraction of its value, destroy two companies, eliminate the incentive for future entrepreneurs, and give each household a one-time $7,500 check they'd spend in a week — the communist promise that has failed every time it's been tried. California's billionaire wealth tax made the ballot, threatening a 5% annual levy that would trigger a mass exodus. Meanwhile, Japan's debt crisis is accelerating with the yen breaking down past 160, 10-year JGBs at 2.65%, and a debt-to-GDP ratio of 250% — at 4% interest rates, two-thirds of Japanese tax revenue would go to interest alone. Schiff calls it a preview of America's future.
Chapters:
00:00 Crisis Without a Plan
00:48 Father’s Day Intro
02:21 Iran MOU Reality Check
09:40 Who Really Wins the Deal
17:10 Wealth Inequality and Billionaire Taxes
31:16 Why Capital Matters
32:29 Panama Wealth Conference
33:47 Schiff vs Billionaires
35:00 Confiscation Fallout
42:43 Japan Yen Crisis
50:58 Gold Fed Reality Check
54:23 Accountability and Wrap Up
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Every Fed Chair Promises Price Stability… Then Chooses the Printing Press
18 juni 2026 · 58 min
Warsh set up 5 task forces to study inflation. You only study a problem when you don't want to solve it. Same game, new players. Lees meer
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Kevin Warsh's first FOMC meeting delivered a hawkish surprise — rates held at 3.5-3.75% unanimously, forward guidance was eliminated, and dot plots now project two rate hikes by year-end. But Peter Schiff argues it's all theater. Instead of actually fighting inflation, Warsh announced five new task forces to "study" the Fed's balance sheet, communications, data sources, jobs, and inflation itself — the classic government move of establishing committees to avoid solving problems.
Warsh acknowledged inflation is a choice, and Schiff agrees — the Fed has chosen inflation over the alternative of crashing markets and forcing fiscal responsibility since the Greenspan era. The question is whether Warsh will break that tradition when push comes to shove. Schiff says no: Trump won't tolerate a bear market, the Treasury Secretary is having weekly breakfasts with the Fed Chair, and the political pressure to print will overwhelm any hawkish posturing. Meanwhile, Strategy's death spiral accelerated with Stretch falling to $89 — wiping out the entire annual yield in one month — while Saylor continues diluting common shareholders to fund dividends he can't sustain. SpaceX soared past $3 trillion on a 4% float, sucking speculative capital away from crypto and accelerating Bitcoin's decline to $64,000.
Chapters:
00:00 Warsh Shocks Markets
00:45 Rates Hold Steady
01:26 Trump Versus Powell
03:42 Shortest Fed Statement
06:01 Ample Reserves Contradiction
07:13 Fi…
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A Complete Meltdown Is Coming
13 juni 2026 · 51 min
Musk is worth $1 trillion with zero income. We're spending $1.6 trillion on interest. CPI is on pace for 6.2%. This is the peak of the bubble. Lees meer
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SpaceX debuted as the biggest IPO in history, raising $75 billion at a $1.8 trillion valuation before closing above $2 trillion — making Elon Musk the first person worth $1 trillion. Peter Schiff puts this in perspective: JD Rockefeller, the previous richest American ever adjusted for inflation, earned the equivalent of $2 billion per year in actual income from Standard Oil. Musk has essentially zero income — SpaceX loses money and trades at 100x revenue — making his trillion-dollar net worth entirely a function of bubble valuations driven by decades of monetary excess.
Meanwhile, the May federal deficit exploded 32% year-over-year to $293 billion, with interest expense surging 44% to $133 billion in a single month — $1.6 trillion annualized, consuming 30% of all tax revenue. That's the entire federal budget from 1997 spent on interest alone. CPI rose 0.5% in May, putting 2026 on pace for 6.2% annual inflation — the highest since 2022 and potentially headed for 1981 levels. PPI came in at 1.1% for the second straight month, annualizing to 14%. Gold successfully retested its March low at $4,040 before recovering to $4,218, with mining stocks posting a positive divergence despite metal weakness. The Strategy death spiral deepened as Saylor diluted common shareholders to buy Bitcoin, destroying the "Bitcoin yield" narrative he built the company on.
Chapters:
00:00 Cold Open and Intro
01:23 SpaceX IPO Mania
03:18 Musk vs Rockefeller Wealth
06:31 Bubble Valuations Explained
09:59 Markets Week and Metals Dro…
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The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking!
6 juni 2026 · 53 min
Saylor sold Bitcoin for the first time, Stretch hit $90, and the self-perpetuating death spiral I've been warning about just started. Lees meer
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The tech wreck Peter Schiff has been warning about may have finally started. Bitcoin plunged 16% on the week to below $60,000, wiping out all post-election gains and pushing Strategy's 840,000 Bitcoin position $12 billion underwater. Stretch preferred stock fell to $90, triggering a potential death spiral: Saylor must either raise the dividend to prop the price back up — burning through his already depleted cash reserves faster — or watch holders flee, which craters both Stretch and Strategy, forcing the liquidation of all 840,000 Bitcoin at fire-sale prices.
Strategy sold 32 Bitcoin this week — the first sale ever — and Schiff argues this was a warning shot, not a one-off. The Nasdaq dropped 4.6% on Friday after a jobs report that showed 172,000 jobs created, 158,000 of which came from the birth-death model alone. Tech layoffs hit pandemic-era highs as companies redirect payroll savings into AI CapEx. Meanwhile, Trump valued Fannie and Freddie at a trillion dollars — a fiction Schiff dismantles, since the companies' mortgage guarantees are liabilities, not assets. Gold dropped 3.3% and silver fell 8.7% on algorithmic selling, but Schiff calls it the buying opportunity of the year as every macro force — collapsing real rates, forced Fed money printing, and the flight from risk assets — points to precious metals.
Chapters:
00:00 Death Spiral Warning
00:34 Market Turbulence Setup
01:43 Jobs Report Reality Check
08:51 AI Bubble Funding Crunch
17:26 Crypto Crash and Strategy Unwind
28:19 Crypto Treasury Unraveling
29:09 Ethereum Leverage Warning
32:56 Gold Silver Safe Haven
34:57 Bitcoin Down Year Math
43:07 Fannie F…
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The Debt, the AI Bubble, and Strategy's Liquidity Crisis… It's All Connected
28 mei 2026 · 59 min
The US needs to borrow $20 trillion this year. Saylor just blew 60% of his cash paying off 0% debt early. The dominoes are falling. Lees meer
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Donald Trump spent Memorial Day weekend claiming an Iran deal was 90% done — oil dropped $10 to below $90, but bond yields barely moved, with the 10-year still at 4.5% and the 30-year above 5%. Peter Schiff argues the bond market is telling the real story: with $13 trillion in debt maturing this year plus $3 trillion in new borrowing, the US needs to convince creditors to roll over nearly $20 trillion — an amount without historical precedent.
The AI CapEx bubble is now consuming a trillion dollars a year, funded by layoffs and foregone investment in actual manufacturing. Schiff compares it to dot-com: the technology is real but the stocks are wildly overvalued and most will go to zero when rising interest rates prick the bubble. Meanwhile, Michael Saylor burned over 60% of Strategy's cash reserves paying off zero-interest convertible notes three years early — a move Schiff says was forced by behind-the-scenes pressure, not financial genius. Elizabeth Warren accidentally made the best case against payroll taxes by pointing out that companies are incentivized to replace workers with AI because hiring people is taxed while buying computers isn't — though her solution is more taxes, not fewer.
Chapters:
00:00 - Intro
00:53 - Iran War & Market Reaction
06:47 - Bond Market & The Debt Crisis
14:25 - Ad Break: Ethos
15:47 - The AI CapEx Bubble
26:23 - Gold, Silver & Mining Stocks
29:11 - IRS Lawsuit & Bank Documentary
32:12 - Ad Break: Rockwell Automation
33:35 - Elizabeth W…
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Consumer Sentiment Just Hit an All-Time Low. Trump Calls it Best Economy Ever.
23 mei 2026 · 41 min
Trump says best economy in 250 years. Consumer sentiment just hit an all-time low. Saylor just went underwater on $64B. Pick a story. Lees meer
Kevin Warsh was sworn in as Fed Chair today while the Dow hit a record 50,700 — and Peter Schiff fact-checked virtually every claim Donald Trump made at the ceremony in real time. Trump called it the greatest economy in 250 years of American history; consumer sentiment responded by hitting 44.8, the lowest reading ever recorded. Year-ahead inflation expectations surged to 4.8% and 10-year expectations hit 3.9%, demolishing the Fed's claim that expectations remain "well anchored" at 2%.
Gold closed the week at $4,508 with silver at $75.39, both pressured by rising bond yields — with the 30-year still above 5% and the 10-year above 4.5%. Schiff argues these pullbacks are buying opportunities as real rates continue to collapse. Bitcoin dropped below Michael Saylor's $75,700 average cost basis for the first time, meaning five years and $64 billion of buying has produced zero return — while the Stretch preferred stock continues to compound an 11.5% annual obligation regardless. Schiff dissects Trump's lies about job creation, tariff benefits, government spending cuts, and the claim that fired federal workers are now earning double or triple in the private sector.
Chapters:
00:00 Warsh Takes the Helm
01:38 Dow 50K Hype Check
03:42 Gold and Silver Pullback
05:12 Yields Mortgages and Oil
07:44 Bitcoin Decouples and Strategy Risk
11:00 Consumer Sentiment Hits Record Low
16:11 Trump Speech Fact Check Begins
16:30 Massie Lies and Deficit Hypocrisy
21:30 Jobs Numbers Reality Check
22:07 Fed Independence Spin
23:11 Booms Bubbles and Inflation
24:31 Dow Rally Credit Grab
26:16 Spending Cuts Claim Debunked
26:48 Fired Workers Fairy Tale
29:33 Foreign Investment and China Deals
32:26 Tariffs and the Mythical Boom
33:50 Pessimism vs Trump Prosperity
35:43 Crisis Warning and Gold Pitch
37:00 Bitcoin Exit and Mining Stocks
39:25 …
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Every Bond Market on Earth Is Breaking at Once. This Is 2008 x10
20 mei 2026 · 58 min
Gold and silver pull back as WTI tops $107 and the 30-year hits 5.14% — Peter says plunging real rates make this dip a gift. Lees meer
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Peter Schiff goes live to break down the market moves since Wednesday's podcast, with gold and silver pulling back as oil surges past $107 WTI and bond yields punch higher — the 10-year at 4.62% and the 30-year at 5.14%. Schiff argues the short-term selloff is being driven entirely by the nominal yield move, but with inflation accelerating, real rates are actually plunging — a setup that is deeply bullish for precious metals and exactly the buying opportunity stackers have been waiting for. He points to the positively sloped yield curve across every maturity as the bond market's clearest signal yet that higher rates and higher inflation are still ahead.
Schiff also delivers another Bitcoin reality check, walking through BTC's ongoing underperformance versus gold and the recent debates around long-term holdings, and explains why physical metals remain the only credible vehicle for real wealth preservation. The episode wraps with the latest on exploding deficits and a ballooning government, why true conservatives — and gold owners — are needed now more than ever, and fresh insights from SchiffGold on Comex flows and the increasingly urgent case for a return to sound money.
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Real Rates Are Collapsing and Nobody Sees It — Gold's Biggest Setup Ever
16 mei 2026 · 35 min
PPI hit 6%, yields hit 19-year highs, and gold dropped 4%. Traders are selling on the most bullish data gold has ever seen. Lees meer
Gold fell 4% and silver dropped 10.5% on the week despite the most bullish inflation data in years. Peter Schiff explains why traders have it exactly backwards: April PPI surged 1.4% month-over-month — nearly the entire 2% annual target in a single month — pushing producer prices to 6% year-over-year. Core PPI tripled expectations at 1.0%, annualizing to 12.5%. Import prices jumped 1.9% on the month, proving Americans are paying every cent of the tariffs, while export prices exploded 3.3%, signaling internal US inflation pressure across the board.
The 30-year Treasury yield closed at 5.12%, a 19-year high, while the 10-year hit 4.59%. Algorithms are selling gold because they see rising yields as bearish — but Schiff argues they're completely missing that real interest rates are collapsing because inflation is rising faster than nominal rates. The Fed's easing bias in the face of 6% PPI is itself a form of monetary easing. Oil closed at $105 with no end to the Iran war in sight, Bitcoin is down 12.5% year-to-date, and the AI/crypto bubble is one bond market shock away from popping. Schiff's call: back up the truck on gold, silver, and mining stocks while traders are giving them away.
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Inflation Doubled, Yields Hit 19 Year High, Gold Trashed. SETUP of a LIFETIME
14 mei 2026 · 57 min
PPI doubled estimates at 1.4%, yields broke 5% on $39T debt, and CNBC says sell gold stocks — that's the best buy signal I've ever seen. Lees meer
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Kevin Warsh was confirmed as the new Fed Chair and immediately inherited a stagflation crisis: April PPI came in at 1.4% month-over-month — double the high end of estimates — pushing producer prices to 6% year-over-year. Core PPI tripled expectations at 1.0%, an annualized 12.5% rate. The CPI the day before showed 0.6% monthly with year-over-year inflation climbing to 3.8%. The 30-year Treasury yield broke above 5% for the first time in 19 years, with a bond auction requiring a 5% coupon — but unlike 2007 when the debt was $9 trillion, today it's $39 trillion.
Peter Schiff argues real interest rates are crashing even as nominal rates rise, making the environment extremely bullish for gold and silver — with silver hitting $89 intraday and leading gold for the first time this cycle. He highlights CNBC analysts recommending viewers sell gold stocks as a perfect contrarian buy signal, dismantles Trump's proposed ban on corporations buying homes as socialist policy, defends Jeff Bezos against critics who blame him rather than consumers for disrupting small businesses, endorses Thomas Massie's congressional primary fight, and promotes his new 10-minute FOIA evidence video exposing the IRS conspiracy to destroy Euro Pacific Bank.
Chapters:
00:00 Cold Open Montage
00:55 Show Begins Tech Issues
01:27 New Fed Chair Firestorm
03:26 CPI Breakdown April
05:24 PPI Shock And Stagflation
07:59 Trump Inflation And Politics
09:43 Bond Yields Debt Trap
13:20 Fed QE Dilemma
15:39 Ad Break NetSuite AI
17:01 Markets Misread Inflation
18:38 …
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Fake Jobs, Fake Assets, Fake Victory — Nothing in This Economy Is Real
9 mei 2026 · 57 min
The household survey says we've lost jobs every month of 2026. The establishment survey says record highs. One of them is lying. Lees meer
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The April jobs report showed 115,000 jobs created against expectations of 63,000 — but 391,000 of those came from the birth-death model, meaning without statistical assumptions the economy actually lost jobs. The household survey confirms this: employment declined 226,000 in April alone, with net job losses every month of 2026 averaging 343,000 per month. Full-time jobs collapsed by 424,000 in a single month, dragging the total to its lowest since December 2024. Labor force participation fell to 61.8%, the lowest since October 2021.
Markets rallied to record highs on ceasefire optimism, with the Nasdaq up 4.5% and silver surging 9.4% on the week. Peter Schiff argues the AI spending driving GDP is a bubble comparable to dot-com — the technology is real but the stocks are wildly overvalued and most will go to zero. He dismantles Bernie Sanders' criticism of Jeff Bezos for layoffs, pointing out Bezos employs 1.5 million while Sanders has created zero private-sector jobs. On the debt, Schiff debunks the claim that $31.8 trillion in US government assets offset the national debt — most of it is illiquid land, national parks, and defaulting student loans that cannot service a single dollar of interest payments.
Chapters:
00:00 Show Cold Open
00:56 Podcast Intro
01:20 April Jobs Beat
03:19 Job Quality Concerns
04:58 Participation Rate Drop
07:22 Household Survey Reality
07:52 Birth Death Model Critique
12:26 Full Time Collapse
14:57 War Talk Tease
15:29 Sponsor Odoo Ad
17:31 Markets Rally on Peace Hopes
21:48 AI Bubble Warning
25:03 Bezos vs Sanders Debate
30:34 Sponsor Hims Ad
31:16 Telehealth Weight Loss Setup
31:57 Metal…
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Dollar Lost Every Penny It Gained From the War — The Crack Is Starting
2 mei 2026 · 33 min
The dollar erased every war gain, oil's back above $102, yields are at 4.5%, and mining stocks just gave you the buying opportunity of the year. Lees meer
Gold settled the week at $4,612 with silver at $75.33, both drifting lower as investor attention shifted to record-high stock indexes. Mining stocks took the hardest hit with GDX down 6.25% — a buying opportunity Peter Schiff says is being created by the same complacency that preceded every major gold breakout.
The dollar index fell to 97.7, erasing every penny gained since the Iran war began — a historically weak bounce for a supposed safe haven currency. Oil climbed back above $102 while 30-year Treasury yields touched 4.5%, recreating the exact conditions that forced Trump to reverse Liberation Day tariffs. Schiff revisits Powell's claim of 40 years of controlled inflation, breaking it down decade by decade to show average CPI of 5.5% in the '80s, 3% in the '90s, and 2.6% in the 2000s — with only the post-crisis 2010s near the 2% target. He also highlights the Bitcoin conference where last year's darling Nakamoto is down 99% between conferences, while this year's pitch of "digital credit" is even worse than subprime.
Chapters:
00:00 Welcome and Subscribe
00:25 Gold Silver Weekly Recap
01:08 Mining Stocks and Fund Plug
02:00 Why Gold Bullish Now
03:14 Stocks High Oil Yields Rising
06:27 Fed Presser and Powell Exit
10:05 Money Supply Inflation Reality
17:32 Debt Deficits and Fed Failure
19:54 Tariffs Cars and Stagflation
22:48 Bitcoin Strategy Ponzi Talk
24:30 Dollar Weak Bonds to Gold
27:19 Gold Targets and Crypto Risks
29:15 Schiff Gold App Call to Buy
30:58 Wrap Up and Where to Follow
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Trump Wants to Buy an Airline With Your Money — This Is Not Capitalism
30 april 2026 · 1 uur 24 min
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. Lees meer
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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 Ov…
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Michael Saylor's 11% Yield Is a Ponzi Scheme — Here's the Proof
25 april 2026 · 1 uur
Newmont is earning $11/share at 10x PE with 132% growth — half the S&P's multiple. Wall Street is asleep at the wheel. Lees meer
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Newmont Mining just posted 132% earnings growth with five-to-one margins and a stock trading at 10x earnings — half the S&P multiple — and Wall Street barely noticed. Peter Schiff breaks down why gold miners are the most undervalued sector in the market and why he's been accumulating positions in companies like Newmont, Franco-Nevada, and Wheaton for over 20 years without selling a share.
The episode also covers Trump's Iran war pivoting from threatened annihilation to an economic blockade that's keeping oil above $94, the DOJ dropping its criminal investigation into Jerome Powell's Fed building remodel as an olive branch to clear the way for Kevin Warsh, Schiff's own six-year experience with leaked government investigations that were never officially closed, Michael Saylor's Strategy preferred stock as a self-described Ponzi scheme the SEC refuses to touch, and a new cottage industry of mass tort lawyers helping businesses claim tariff refunds — proof that Americans, not foreigners, paid every cent of those tariffs.
Chapters:
00:00 Cold Open Montage
00:57 Show Intro Puerto Rico
01:28 War Drags On Markets Shrug
04:27 Blockade Strait Oil Spike
08:18 Election Pressure Inflation Risks
13:22 Commercial AI Mastermind Ad
15:54 Post Office Hikes Inflation
16:41 Powell Probe Fed Incentives
22:31 Schiff Investigation Story
30:00 Commercial ExpressVPN Pitch
31:37 Gold Friday Market Wrap
34:35 Newmont Earnings Surge
36:52 Gold Miner Margins Explained
38:20 Buybacks and M&A Signals
39:27 West Red Lake Pullback
40:19 Buying Bad News Strategy
42:38 Position Sizing and Ris…
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Kevin Warsh Can't Answer a Single Question - Next Fed Chair?
22 april 2026 · 1 uur
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. Lees meer
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Donald 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 Intro
00:57 Warsh Nomination Stakes
02:34 InvestingPro Sponsor Demo
07:32 Why Fed History Matters
08:08 Before the Fed Era
11:12 Fed Independence and Constitution
14:00 Superior Banknotes Explained
17:40 Outskill Sponsor Break
21:47 Elastic Money Supply Myth
25:49 War Finance and Treasuries
32:16 Hearing Reactions Begin
33:05 Trump Spending And Inflation
34:02 Warren Attacks And…
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Hank Paulson Warns of Debt Crisis He Helped Create
18 april 2026 · 59 min
Hank Paulson warns of a "vicious" debt crisis — but his only plan is to brace for it, not prevent it. That tells you everything. Lees meer
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Former Treasury Secretary Hank Paulson is warning about a "vicious" sovereign debt crisis and urging a break-the-glass emergency plan — but Peter Schiff points out that Paulson himself architected the bailouts and QE policies that made this crisis inevitable, and his only advice now is to prepare for the crash rather than prevent it.
Markets hit record highs this week with the Nasdaq up 7% on ceasefire optimism and oil dropping to $83, but Schiff warns the rally is built on the false premise that peace means rate cuts. The Fed's balance sheet has quietly grown over $200 billion in 2026 while M2 money supply expands at 5% year-over-year. Meanwhile, NYC Mayor Manda proposes city-owned grocery stores and taxes on non-resident condos — policies Schiff dismantles as the kind of anti-capitalist thinking that drives wealth creators to places like Panama, which is rolling out the welcome mat for every entrepreneur New York chases away.
Chapters:
00:00 Show Cold Open
00:57 Live From Puerto Rico
01:59 War Headlines Fuel Rally
04:12 Bitcoin Gold Silver Check
07:07 Fed Policy And Real Rates
08:54 Producer Prices Reality Check
11:09 Paulson Warns Debt Crisis
19:09 Panama Versus New York Taxes
22:21 How Wealth Gets Created
25:42 Fair Share And Job Creation
30:03 Wealth Creation Backlash
31:52 City Owned Grocery Plan
34:11 Profit Motive And Prices
39:18 Subsidies And Market Damage
43:25 Farm Subsidies And USSR
45:36 Taxing Nonresident Condos
51:06 Why Profit Builds Cities
51:59 Property Tax Critique
59:44 Closing Markets And Gold
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…
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CPI Hits 3.3%, Consumer Sentiment Hits Record Low — Stagflation Is Here
11 april 2026 · 44 min
CPI triples to 0.9%, consumer sentiment hits an all-time low, and the Fed is quietly running QE — stagflation isn't coming, it's here. Lees meer
Gold ended the week at $4,745 with silver at $75.76 and mining stocks up 5%, all buoyed by the Taco Tuesday ceasefire that sent markets surging mid-week. Peter Schiff argues the ceasefire is a win for Iran and that Trump was looking for a way out of threats he could never carry out — but the real story is the inflation data.
March CPI came in at 0.9% month-over-month, tripling February's reading and pushing year-over-year inflation to 3.3%. The Fed's balance sheet has quietly expanded by nearly $200 billion in 2026 — quantitative easing in everything but name. Q4 GDP was revised down to 0.5%, making 2025's full-year growth just 2.1% — lower than any year under Biden. Consumer sentiment plunged to 47.6, the lowest reading in the history of the survey. Schiff connects the dots: M2 money supply growing at 5%, a proposed 50% defense budget increase, and a Fed that will be forced to cut rates regardless of inflation all point to a stagflation environment where gold and silver are headed substantially higher.
Chapters:
00:00 Ceasefire and Market Mood
15:20 Inflation Data and Fed QE
23:14 Inflation Not The War
38:46 Stagflation Bull Case
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#PeterSchiffShow #Stagflation #GoldInvesting
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Trump Blinks on Iran — Ceasefire Proves the Threats Were Empty
8 april 2026 · 1 uur 1 min
Trump threatened to destroy Iran's civilization by 8pm — instead he got a ceasefire that concedes nothing. The threats were always empty. Lees meer
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Trump's Tuesday deadline to destroy Iran's civilization came and went with a Pakistan-brokered ceasefire instead of the promised hellfire. Peter Schiff breaks down how the president's escalating threats — from bombing bridges and power plants to wiping out an entire civilization — collapsed into a two-week truce that concedes nothing from Iran's side.
Markets swung wildly on the drama: the Dow dropped 400 points intraday before rallying nearly 1,000 points on ceasefire news, oil cratered 15.5% back to $95 after touching $115, and gold surged $60 despite the supposed "peace" — proving the market is trading the Fed, not the war. Schiff argues rate cuts are coming regardless of inflation, that oil will never return to $60, and that the dollar's reserve currency status is being actively dismantled as countries like France pull gold from U.S. custody. He also reveals the IRS is refusing to comply with a federal judge's FOIA ruling ordering release of documents from the Euro Pacific Bank investigation.
Chapters:
00:00 Show Intro
00:55 Trump Deadline Drama
05:33 Markets Call the Bluff
08:32 Pakistan Ceasefire Rumors
12:22 Trump Two Week Pause
16:20 Iran Ceasefire Terms
19:15 Iran Statement Readout
22:19 Civilian Targeting Critique
29:01 Dollar Power and Blowback
32:05 Scaling Gold Production
32:52 Gold Moves on Rate Cuts
35:14 Oil Prices vs Real Inflation
37:32 War Risk Premium Sticks
40:53 Weak Data and CPI Ahead
44:57 Polls Signal Economic Pain
50:49 Ditch Dollars Buy Metals
52:44 Mining Stocks Next Leg
55:33 FOIA Win IRS Fights Back
01:03:29 Transparency Battle Wrap Up
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$112 Oil, Crashing Wages, and the War Nobody Can Afford
4 april 2026 · 58 min
Oil hits $112 as Trump vows to bomb Iran into the Stone Age — and the jobs data everyone's celebrating is hiding a collapsing labor market. Lees meer
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Peter Schiff records from the British Virgin Islands, breaking down the latest economic data against the backdrop of the escalating Iran war. The March jobs report showed 178,000 jobs added — well above the 51,000 estimate — but Schiff argues the number is misleading, noting that 43% of new jobs were in healthcare, a sign of a sicker nation rather than a stronger economy. He highlights the weakest wage growth in five years at 3.5% year-over-year and the lowest labor force participation in five years at 61.9%.
Oil prices surged to $112 per barrel amid Trump's pledge to "bomb Iran back to the Stone Age" over the next two to three weeks, with the service sector PMI falling into contraction at 49.8. Schiff warns that stagflation is now undeniable and that oil-driven inflation will force massive government spending and money printing, ultimately crushing the dollar and sending gold well above $5,000. He criticizes Trump's economic lies, the Supreme Court's ruling striking down Liberation Day tariffs as unconstitutional, Warren Buffett's Fed praise, and growing redemption freezes across investment funds as signs of a brewing financial crisis.
Chapters:
00:00 Cold Open and Intro
00:54 Vacation Setup and Holiday Markets
01:52 March Jobs Report Breakdown
06:44 Stagflation Signals in PMI and JOLTS
08:53 Oil Spike and Fed Policy Link
17:02 Weekly Market Wrap Gold Silver Miners
21:33 Trump Speech War Escalation Fears
30:18 Aftermath Leaving Strait to Allies
32:27 NATO Exit Debate
33:39 Dollar Risks and Metals
34:11 Springsteen Boycott Rant
36:27 Liberation Day Reality Check
37:47 Tariffs Ruled Unconstitutional
40:52 Funds Freeze Redemptions
43:39 Buffett on…
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Gold & Silver Bottom, Bitcoin Cracks as War and Oil Spike Hit Markets
28 maart 2026 · 36 min
Peter Schiff reviews a volatile week in markets, arguing gold and silver likely put in a bottom after briefly breaking prior lows and closing higher. He contrasts that with major stock indexes sliding deeper into correction territory, which he says could turn into a bear market if the war drags on. Schiff focuses on oil as the key driver, tying price spikes to bond selloffs, rising Treasury yields, and renewed inflation pressure. Lees meer
He criticizes shifting public messaging around the conflict and argues the economic and political costs will force an eventual endgame driven more by markets than diplomacy. Schiff also challenges the “Bitcoin as digital gold” narrative, pointing to Bitcoin’s weakness versus gold and warning of a sharper breakdown if key levels fail.
He closes by framing larger deficits, money printing, and policy responses as structurally bullish for precious metals, while warning that higher yields and inflation could stress housing, stocks, and the dollar.
Chapters:
00:00 Gold and Silver Bottom
01:12 War Headlines Whipsaw
05:13 Fed Rates vs Inflation
05:59 Stocks Slide Into Correction
10:22 War Costs and Deficits
12:15 Bitcoin Safe Haven Myth
13:47 Oil Yields and Bonds
16:38 Bitcoin Mortgages Risk
20:05 Dollar Weakness and Politics
30:33 Buy Gold and Wrap Up
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$200 BILLION War Debt While Americans Face 19% Import Price Inflation Crisis
26 maart 2026 · 1 uur 14 min
Treasury Secretary Scott Bessent dismisses questions about how America will pay for a $200 billion war with Iran, claiming "we have plenty of money"—but Peter Schiff exposes the dangerous delusion behind deficit spending and reveals how import/export prices are already screaming inflation that will dwarf anything under Biden. Lees meer
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Peter Schiff exposes the Trump administration's reckless war financing, revealing Treasury Secretary Scott Bessent's shocking dismissal of questions about paying for a $200 billion Iran War appropriation. When pressed on funding sources, Bessent called the question "ridiculous" and claimed America has "plenty of money" despite $39 trillion in debt, ruling out tax increases while offering no spending cuts. Schiff argues this proves the biggest threat to America isn't Iran but Washington's own fiscal irresponsibility, as the war becomes a convenient scapegoat for the massive inflation already baked into the economy from Trump's policies.
The episode reveals Trump's market manipulation through contradictory Truth Social posts - issuing ultimatums that crash markets, then announcing "great progress" in negotiations that reverse the moves, with suspicious large trades placed minutes before his reversal posts. Meanwhile, import/export prices exploded 16.8% and 19.6% annualized in February alone, signaling the inflation tsunami coming in 2026. Schiff also delivers major legal updates: his civil rights lawsuit against the IRS conspiracy was dismissed with prejudice, but he won a crucial FOIA battle forcing the government to release hundreds of redacted pages that could expose massive corruption at the highest levels of multiple government agencies.
Chapters:
00:00 — Cold Open and Intro
00:56 — War Funding and Taxes
09:12 — Debt Inflatio…
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Fed ADMITS They're TOTALLY WRONG About Inflation
19 maart 2026 · 1 uur
The Fed just admitted inflation is spiraling out of control while refusing to do the one thing that actually works—raise rates—and Powell is banking on hope and fantasy to save the economy, but here's why today's gold selloff is the buying opportunity of a lifetime. Lees meer
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Peter Schiff analyzes the Federal Reserve's decision to hold rates steady at 3.5-3.75% while warning that inflation is spiraling out of control. February's Producer Price Index surged 0.7% monthly - more than double expectations - signaling that inflation is accelerating before Trump's war even began driving oil prices higher. Despite this alarming data, the Fed refuses to hike rates and instead clings to fantasies about future rate cuts based on wishful thinking rather than evidence. Schiff argues that gold and silver's massive selloff following the inflation news represents a buying opportunity, as traders fail to understand that rising inflation with stagnant Fed policy creates negative real rates - extremely bullish for precious metals.
The episode exposes how the current economic situation is far worse than the 1970s stagflation, with national debt at 125% of GDP compared to just 34% in 1980, making aggressive rate hikes impossible despite inflation running well above the Fed's 2% target. Schiff predicts the national debt could hit $50 trillion during Trump's term as war spending explodes, while the housing bubble shows signs of collapse with mortgage applications plummeting. He dismisses Fed Chair Powell's claims that inflation will magically return to target through "moderate" policy, calling it delusional given that the Fed has been wrong about inflation for five consecutive years while consistently missing their forecasts.
Chapt…
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War, Oil, and Inflation Are Setting Up Gold’s Next Surge
13 maart 2026 · 43 min
Gold falls as war drives oil higher, but Peter Schiff says stagflation, deficits, and a weaker dollar are setting up gold’s next major surge. Lees meer
Peter Schiff explains why the latest pullback in gold, silver, and mining stocks is not a sign that the bull market is over, but a temporary reaction to rising oil prices, higher bond yields, and a stronger dollar. He argues that markets are focusing too narrowly on delayed Fed rate cuts while missing the bigger picture: war-driven deficits, stubborn inflation, a weakening economy, and mounting pressure on the Federal Reserve to eventually monetize even more debt.
He also breaks down soft GDP growth, rising PCE inflation, weakness in housing, and what he sees as the widening gap between Trump’s economic claims and the underlying data. Schiff’s core thesis is that stagflation, war spending, and long-term dollar weakness remain strongly bullish for gold and silver, while the current selloff is creating another buying opportunity.
Chapters:
00:00 Metals Pullback Buy Zone
02:00 Stocks Oil Rates Dollar
05:07 War Deficits Bullish Gold
09:51 Inflation Reality Check
17:10 Housing Bubble Warning
22:54 Lies or Delusion
24:18 Economic Boom Claims
25:15 War Fallout and Stagflation
33:07 Gold Silver Big Picture
37:56 Buy the Dip and Wrap Up
Follow @peterschiff
X: https://twitter.com/peterschiff
Instagram: https://instagram.com/peterschiff
TikTok: https://tiktok.com/@peterschiffofficial
Facebook: https://facebook.com/peterschiff
Get more gold & silver now: https://www.schiffgold.com
1-888-GOLD-160 (465-3160)
Open a T Gold account: https://www.tgold.com
Open a managed account: https://europac.com
Listen to The Peter Schiff Show: https://schiffradio.com
Follow the main channel: https://youtube.com/peterschiff
#Gold #OilPrices #Inflation
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* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy