The Peter Schiff Show Podcast

Episodios

• 
  I'm Banned From Fox News for This Forecast... It Just Came True 13.09.2026 1h 1m

  Fox dropped Peter for saying inflation would accelerate. August CPI proved it. Now an 88% rate hike, 19-year-high yields, and $100 oil.📢 Please Support Our Sponsors:- My Patriot Supply. Check out the Be Ready Bundle at https://preparewithpeter.com and receive over $1,000 in food and preparedness gear FREE.- Upwork. Visit https://upwork.com right now and post your job for free to connect with top talent ready to help your business grow.- Odoo. Sign up for free at https://www.odoo.com/r/peterPeter 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 Call00:34 9/11 Reflections and Liberty05:27 CPI Report and Fed Odds14:16 Symbolic Hike Won’t Work36:49 Metals and Bitcoin Check37:51 Bitcoin Head and Shoulders39:24 Why a Midterm Convention44:55 The 5000 Dividend Claim57:17 Inflation Jobs and Wrap UpFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Bond Market Is About to Break... And Stocks Go With It 09.09.2026 58m

  Oil near $100, copper at a record, and the Fed still says 2%. Why the bond market breaks before the stock market does.📢 Please Support Our Sponsors:- Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee.- Function Health. Join at https://functionhealth.com/peter and use code PETER25 for a $25 credit.- Pebl. Go to https://hipebl.ai to get a free estimate.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 Intro00:39 War Shock Fuels Commodities02:15 Copper vs Gold Real Money06:11 Iran War Drags On21:31 Tariffs and Trade War Fallout30:18 Producers vs Consumers31:50 Tariffs Shift Trade35:52 Why Trade Wars Fail43:37 Nickels Beat Treasuries50:59 Fed, Inflation, and Wrap-UpFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #BondMarket #InflationOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  Bond Yields Just Hit a 2007 High... Every Buyer Became a Seller 06.09.2026 57m

  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.📢 Please Support Our Sponsors:- Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee.- DripDrop. Stock up now at https://dripdrop.com and use promo code GOLD for 20% off- Ground News. Go to https://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world.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 sending gold back above $4,400; and an update on TGold's coming gold debit and credit cards.Chapters:00:00 No Buyers Left00:29 Back In Puerto Rico00:47 Jobs Report Miss05:36 Real Wages Falling06:09 Waiters And Bartenders08:00 JOLTS ADP Contradiction09:10 Birth Death Model10:23 Hassett Boom Claim13:27 Trump Rate Demands15:20 Worst Credit Risk Ever17:24 Trump Trade Ultimatum24:07 Bessent Kudlow Interview27:27 Yields Hit 2007 Highs28:24 Yen And Japan Selling31:14 Oil Diesel Record33:15 Stocks Gold Silver39:16 Trade Deficit Widens42:02 My 162% Tariff Bill45:37 Lutnick Semiconductors48:33 Bastiat Candlemakers51:08 Waller Rate Comments53:39 Gold Pullback Gift54:03 TGold Cards Update1:00:24 Bitcoin And EuroPac1:02:12 Labor Day Sign OffFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Bond Buybacks Just Doubled... And Now There's a Military Option 29.08.2026 56m

  Warsh talks tough, buybacks double, a military option surfaces, gold falls $140, and boat prices collapse 50%.This episode is sponsored by Ground News. Go to http://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world.This episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmThe 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 Firestorm00:37 Boatcast Setup01:02 Warsh Speech Breakdown04:12 Debt And Twist Ignored08:10 Forward Guidance Critique11:19 Dual Mandate Tradeoffs12:46 Money Supply Matters13:56 Hawkish Talk And Markets18:50 Trump Military Option20:01 Canada Tariffs Fallout27:53 Market Wrap Gold Bitcoin31:46 Strategy Dilution Spiral32:42 Dollar Yen Bonds Warning34:11 Manufacturing Digital Shift39:03 Boating Bubble Bust45:28 Boat Costs Force Selling48:13 West Marine Bankruptcy53:02 Buyer Market Repos Risk56:30 Boat Ownership Reality57:09 Closing Politics PlugFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#BondMarket #FederalReserveOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Treasury Just Admitted It... The Bond Market Is Broken 20.08.2026 45m

  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.This episode is sponsored by Noom. The Noom GLP-1 Program starts at $39 and is delivered to your door in as little as seven days. Go to https://noom.com to learn more.This episode is also sponsored by Ground News. Go to http://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world.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 Move01:05 Bond Yields Hit New Highs02:58 Debt Explosion Politics07:00 Treasury Buyback Twist10:23 QE Next And Fed Cornered16:04 Hawkish Minutes Gold Surge24:03 Markets React Unevenly24:20 Dollar Drops Oil Jumps25:08 Fed Inflation Bind26:30 Debt Era Comparison27:40 Jobs Data Media Spin29:17 Bitcoin Versus Metals31:19 Housing Slump Mortgages33:59 Tariffs Canada Trade37:50 Buybacks Won't Work42:26 QE Addiction Ahead44:34 Boat Update FarewellFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Next Leg Down in Your Standard of Living Just Started 17.08.2026 51m

  Peter Schiff on plunging retail sales, sticky inflation, the Fed's stealth QE, and why the world is now leaving the dollar standard.This episode is sponsored by NetSuite. For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, Go to https://netsuite.com/goldThis episode is also sponsored by Function. Join at https://functionhealth.com/peter and use code PETER25 for a $25 credit.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 Squeeze01:01 PPI Breakdown04:08 Fed Balance Sheet Surge05:23 Stagflation Signals08:28 Bond Market Warning11:39 Greenspan and 1987 Echoes14:48 Stocks vs Bonds Diverge15:33 Gold Shines Bitcoin Slips18:16 Bitcoin Bear Case21:08 Iran Sanctions and Oil26:30 Nixon Gold Standard Legacy28:52 Inflation Math Reality29:30 Video Plug Fiat Failure30:19 Electric Catamaran Tour34:30 Cruising Plans Tax Credit37:02 Gold Standard Break Explained48:09 Dollar Standard EndingFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#Stagflation #InflationOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  Last Week Was the Warning... What Comes Next Is Bigger 13.08.2026 52m

  A record $432B July deficit, $40 trillion in debt days away, gold above $4,400... last week's fireworks were just the opening act.This episode is sponsored by Odoo. Sign up for free at https://www.odoo.com/r/peterThis episode is also sponsored by Pebl. Go to https://hipebl.ai to get a free estimate.This episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmThe 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 Prices01:22 CPI Print And Market Bets04:24 CPI Math Masks Energy Surge10:37 Deficits The Real Inflation Driver19:54 Gold Surge Debt And Yen QE31:09 Radical Left Wins Primaries32:00 Both Parties Shift Left34:17 Trump Corruption Claims37:51 Bitcoin Stalls vs Gold44:13 Iran War Reality CheckFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  Everything I Warned You About Just Happened... All in One Week 08.08.2026 51m

  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.This episode is sponsored by DripDrop. Stock up now at http://dripdrop.com and use promo code GOLD for 20% offThis episode is also sponsored by Upwork. Visit https://upwork.com right now and post your job for free to connect with top talent ready to help your business grow.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 Backstop01:11 Back At Sea Intro01:59 Week Ahead Jobs Japan03:23 Stocks Metals Surge06:23 Bitcoin Strategy Warning09:15 Bonds Dollar Fed Odds14:00 July Jobs Shock15:33 Revisions Participation Drop19:51 Wages Inflation Stagflation24:09 Trump Ballroom Rant26:49 Japan Crisis Tease29:24 Japan Yen Breakdown31:30 Debt Trap And Rates32:23 Treasury Selling Threat34:35 Fed And BOJ Coordination36:08 Swap Line QE Explained41:15 Euro Intervention Twist44:29 Inflation Signals And Metals47:51 Storm Warning Ahead49:18 Blame Government Not Markets52:07 Prepare And Spread The WordFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Fed Just Chose Inflation... And the Bond Market Called Its Bluff 30.07.2026 58m

  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.Tonight’s episode is sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmTonight’s episode is also sponsored by Ethos. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/gold. Application times may vary. Rates may vary.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 private grocers in the poorest neighborhoods, and recreate Soviet bread lines in New York City.Chapters:00:00 Debt Bubble Reality00:37 Fed Holds Rates Steady03:34 Two Percent Target Doubts16:05 Q&A Exposes Inaction27:38 Markets React Bonds Stocks Gold31:45 Yields and Gold Misread35:02 Gold Safe Haven Case37:40 Fed Fallout and Data43:12 NYC Government Grocers55:42 Capitalism and Wrap UpFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
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  Japan Is About to Pop the Biggest Bubble in History... And It Takes Us With It 26.07.2026 59m

  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.Tonight’s episode is sponsored by NetSuite. For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, Go to http://netsuite.ai/goldTonight’s episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmInvestors 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.Chapters:00:00 Japan Sparks US Crisis00:41 AI CapEx Reality Check07:51 AI Bubble Parallels13:03 Gold Miners Rebound19:17 Oil Bonds Warning Signs32:16 Japan Debt Rate Trap34:36 Weak Yen Trade Deficits37:22 Japan Creditor Status Slips41:22 Two Japan Crisis Paths44:26 US Vulnerability Dominoes45:21 Unemployment Claims Hype47:20 Why Claims Mislead51:37 New Tariffs Legal Workaround59:03 Wrap Up Subscribe CallFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#PeterSchiffShow #gold #inflationOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Fed Admitted It. The Treasury Blew It. The CPI Lied. 19.07.2026 1h 8m

  Warsh admitted monetary policy caused inflation. Bessent thinks silver certificates still redeem at Fort Knox. And import prices are up 7.1%.This is episode is sponsored by Function. Join at https://functionhealth.com/peter and use code PETER25 for a $25 credit.This episode is also sponsored by Pebl. Go to https://hipebl.ai to get a free estimate.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 Paywall01:23 Market Week Wrap07:42 Gold Silver War09:52 Inflation Data Reality23:30 Warsh Hearing Grifts37:59 AI Jobs and Progress40:22 Trump Post and Fox Fallout44:05 FOIA Trail and Censorship Claims50:31 Nine Fraud Bank Shutdown Emails57:07 Operation Atlantis PR ExposedFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #FortKnox #InflationOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  AI Cash Cows Just Became Cash Vacuums... This Breaks the Bond Market 15.07.2026 58m

  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.Tonight’s episode is sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmThis episode is also sponsored by Ethos. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/gold. Application times may vary. Rates may vary.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 Race01:08 Markets Brace for CPI06:07 CPI Surprise and Gold Whipsaw07:34 Oil Driven Inflation Mirage11:40 What Inflation Really Means14:11 Congress and Fed Share Blame17:58 Fed Headcount Shock22:32 Two Percent Target Myth27:05 Regime Change and Price Stability33:40 Day One Recap Continues34:09 Grow My X Account35:13 Congress Inflation Theater36:06 Trump Grift Claims37:30 IRS Settlement Outrage39:51 Rates Versus Balance Sheet41:08 Who Wins Low Rates43:46 Fed And Black Workers49:09 AI Bubble Warning51:15 Hyperscalers Debt Spiral55:38 Bond Market Breaking Point58:16 Strategy Stock Dilution01:00:30 Bitcoin Levels And Regrets01:01:30 Subscribe And Sign OffFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#PeterSchiffShow #FederalReserve #AIBubbleOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Bond Market Breakdown Has Started... Stocks, Housing, Crypto Are Next 12.07.2026 56m

  A new housing law just passed that guarantees prices go higher. Bonds are breaking. And every bank bullish on Bitcoin refuses to buy Stretch.This episode is sponsored by Upwork. Visit https://upwork.com right now and post your job for free to connect with top talent ready to help your business grow.This episode is also sponsored by Ground News. Go to http://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world.Watch more episodes: https://www.youtube.com/watch?v=TE0fyjt4Occ&list=PL9hNbo_Ztnr9cAg2Ee0Tiid1quEU1imiSThe 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 Defy Bad News01:38 War Tensions and Metals05:11 Bond Yields Warning Signs06:57 AI Bubble and IPO Mania11:42 Bitcoin Hype and Wall Street17:07 Dollar Flat Oil Rising18:09 Housing Bill Political Fight19:54 Affordability Crisis Explained24:16 How Subsidies Inflate Prices32:03 Bubble Collateral Trap32:58 Jobs Report Media Spin34:40 Housing Supply Not Subsidies37:20 Save America Act Debate41:25 Voting Rights Republic Critique52:49 Democracy Incentives Corruption57:12 Two Party No Choice58:42 Podcast Wrap UpYouTube: https://youtube.com/peterschiffX: https://x.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  We Need Another Emancipation. This Time From Our Own Government 09.07.2026 59m

  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.This episode is sponsored by DripDrop. Stock up now at http://dripdrop.com and use promo code GOLD for 20% offThis episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmThe 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 Slavery00:46 Iran Deal Collapses05:04 Markets React to War07:15 Oil Bonds and AI Bubble16:17 Fed Minutes Rate Hike Theater21:28 Tariffs Inflation Excuses26:10 Real Rates and Debt Trap27:41 Trade Deficit Reality Check30:03 AI Threat to Services Surplus32:32 Democracy Deficits and Rights34:59 Rights And Healthcare36:28 Housing And Free Markets40:08 Tax Cuts And Wealth Theft45:55 Taxes And Modern Slavery48:25 DOGE Shutdown And Bitcoin CrashFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  They Don't Want You to Hear This on Independence Day 03.07.2026 58m

  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.• This episode is sponsored by Odoo. Sign up for free at https://www.odoo.com/r/peterThe 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 Tease00:37 Jobs Report Shock and Revisions03:43 Full-Time Jobs Slide and Tariff Reality07:29 Fed Rate Hike Theater and Gold Bounce16:28 Bitcoin Strategy Turns Seller29:57 Meme Coins as Bribes31:09 Paying for Trump Access34:26 Debt Gimmicks and Deficits35:38 Independence Day and Founding Ideals45:45 Modern Tyranny and Peaceful RevolutionFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #IndependenceDay #BitcoinCrashOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Great Rotation Has Begun. Here's How to Make Your Money Back 27.06.2026 1h

  Stretch hit $71 intraday. Strategy down 85% from peak. The first lawsuit just landed. And CNBC has gone completely silent.- This episode is sponsored by Pebl. Go to https://hipebl.ai to get a free estimate.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 Warning01:50 Stretch Ponzi Explained09:36 Why It Must Collapse18:41 This Week’s Crash Data28:57 Lawsuits and Market Fallout33:14 Gold and Silver Bottoming34:43 Fed Hype and Inflation Reality39:11 Greenspan Legacy and Gold Signal43:21 Dump Crypto Buy Metals52:43 Ford Wage Myth and Wrap UpFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#PeterSchiffShow #StrategyDeathSpiral #BitcoinCrashOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  Iran Won the War, Adam Schiff Wants Your Money, and Japan Is About to Blow Up 22.06.2026 53m

  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.This episode is sponsored by Zapier. Get started for free at https://zapier.com/goldThe 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 Plan00:48 Father’s Day Intro02:21 Iran MOU Reality Check09:40 Who Really Wins the Deal17:10 Wealth Inequality and Billionaire Taxes31:16 Why Capital Matters32:29 Panama Wealth Conference33:47 Schiff vs Billionaires35:00 Confiscation Fallout42:43 Japan Yen Crisis50:58 Gold Fed Reality Check54:23 Accountability and Wrap UpFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  Every Fed Chair Promises Price Stability… Then Chooses the Printing Press 18.06.2026 57m

  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.This episode is sponsored by InvestingPRO. Get 55% off + an EXTRA 15% off with my code PETERSCHIFF at checkout! Sign up: https://www.investing-referral.com/peterschiff/This episode is also sponsored by Ethos. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/gold. Application times may vary. Rates may vary.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 Markets00:45 Rates Hold Steady01:26 Trump Versus Powell03:42 Shortest Fed Statement06:01 Ample Reserves Contradiction07:13 Five Task Forces Announced32:18 Term Insurance Not Investing33:40 Fed Task Forces Skepticism39:56 Inflation Tax And Politics44:37 SpaceX IPO Mania47:23 Bitcoin Strategy Death Spiral55:37 Gold Silver Buy The Dip56:29 Same Fed Same Game Wrap Up58:29 Closing And Follow MeFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#PeterSchiffShow #FederalReserve #FOMCOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  A Complete Meltdown Is Coming 13.06.2026 50m

  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.This episode is sponsored by Greenlight Metals. Research investing in Greenlight Metals copper and gold mine: https://resourcestockdigest.com/report/copper-gold-in-the-american-heartland/This episode is also sponsored by NetSuite. Download NetSuite’s free business guide, Demystifying AI, at https://netsuite.com/goldSpaceX 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 Intro01:23 SpaceX IPO Mania03:18 Musk vs Rockefeller Wealth06:31 Bubble Valuations Explained09:59 Markets Week and Metals Drop11:47 Gold Retest and War Narrative17:20 Deficits and Interest Time Bomb26:30 Inflation Data and Fed Boxed In37:43 Other Markets Crypto and Wrap UpFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #SpaceXIPO #InflationOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
• 
  The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking! 06.06.2026 53m

  Saylor sold Bitcoin for the first time, Stretch hit $90, and the self-perpetuating death spiral I've been warning about just started.• This episode is sponsored by Odoo. Sign up for free at https://www.odoo.com/r/peter• This episode is also sponsored by Hims. Visit https://hims.com/gold to get a personalized, affordable plan that gets you.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 Warning00:34 Market Turbulence Setup01:43 Jobs Report Reality Check08:51 AI Bubble Funding Crunch17:26 Crypto Crash and Strategy Unwind28:19 Crypto Treasury Unraveling29:09 Ethereum Leverage Warning32:56 Gold Silver Safe Haven34:57 Bitcoin Down Year Math43:07 Fannie Freddie Valuation Myth50:47 Dollar Stress Value Rotation WrapFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #BitcoinCrash #GoldInvestingOur Sponsors:* Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy