Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast. The podcast focuses on economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets. As entertaining as he is informative, Peter packs decades of brilliant insight into every news item. Join the thousands of fans who have benefited from Peter’s commitment to getting the real story out to the world.

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Hot CPI sank gold $120, and Peter Schiff explains why it&#39;s a gift, why Saylor is propping up Stretch, and what Trump got wrong on 60 Minutes. 📢 Please Support Our Sponsors:- Function. Get more insight on how your body is aging with 160+ lab tests. Join at https://functionhealth.com/PETER and use code PETER25 for a $25 credit.- Odoo. Get your first application free for life at https://www.odoo.com/r/peter Another hot CPI print knocked gold down $120... and Peter says it&#39;s good news being sold as bad news. Peter Schiff breaks down the October CPI: up 0.4% against 0.3% expected, with core up 0.3% for the second straight month, and no year-over-year number because last year&#39;s shutdown left no comparison. Prices are already up 4.15% in the first ten months of 2026, the worst year since 2022, and 5% is in play. Gold dropped as much as $120 and the miners gave back 5% after an 18% run since the midterms, but Peter explains why traders keep dumping gold on proof that inflation is worse than they thought, and why the smart money buys those dips. Waller floats 50 basis points in December, Logan wants two more hikes, Bowman says there is more work to do, yet the Fed is boxed in by the debt and will never hike enough to win. On Bitcoin, Strategy sold another $284 million of common stock to buy back $283.8 million of Stretch, having already repurchased over 20% of the issue at a 12% dividend while diluting shareholders. Bitcoin is down 16% this year after losing 6.3% last year, on track for its first back-to-back annual decline in 18 years. Peter also takes apart the Democrats&#39; affordability promises built on bigger government, and Trump&#39;s 60 Minutes interview: record exports with a record trade deficit, record stock highs that 11 of the last 13 presidents also had, and a $3 billion jump in net worth, mostly from crypto and World Liberty Financial, that he claims he can&#39;t explain while insisting he has no idea what his sons are doing. Those answers won&#39;t survive the congressional hearings coming next. Chapters:00:00 Final Stages Warning01:01 CPI Surprise Breakdown02:53 Gold Drops on Bad News07:46 Traders Misread the Fed11:19 Fed Talk and Rate Hikes14:58 Bitcoin and Strategy Trouble21:24 Midterms and Affordability Myth24:09 Deficits Are the Inflation Tax24:47 Cycle of One Term Presidents28:23 60 Minutes and Media Editing36:14 Trump Interview Fact Checks49:09 Corruption Hearings Ahead53:34 Buy the Metals Sell Bitcoin56:05 Wrap Up and Follow on X Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

4.15% Inflation. $3 Trillion Deficits. We’re in the Final Stages.

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Democrats took Texas and the Senate... Peter Schiff explains why 2028 is lost for the GOP, why deficits explode, and why gold is the only winner. 📢 Please Support Our Sponsors:- Proton Pass. Go to <a href="https://proton.me/peter" rel="nofollow">https://proton.me/peter</a> to get 50% off, backed by a 30-day money-back guarantee. The Democrats just took the Senate and flipped Texas... and Peter says the markets still have no idea what comes next. Peter Schiff called the sweep a day before the vote, and the result was bigger than even he expected: nine Senate seats flipped, 56 Democratic senators, 44 to 45 House seats, and Texas electing its first Democratic governor in 36 years. No Republican has won the White House without Texas since 1968. Peter explains why that sets up a Democratic socialist president in 2028 with a filibuster-proof Senate, and why Trump, punished by voters for lying about the economy, will taco out of his veto pen and hand the Democrats every dollar of spending they want. Deficits explode, the debt ceiling goes, and $5,000 stimmy checks are back on the table. Then the market read: a 1,400-point rally that reversed into a 2,000-point drop as the AI trade cracked, Nasdaq down 4% on the week, while gold held $4,070, silver 51.82, and the miners jumped 9.6%. Bitcoin is sitting on Strategy&#39;s cost basis after six years, and Peter says the Trump trade that propped it up is finished. Plus the jobs report, consumer credit exploding because people are broke, and why Fox News still can&#39;t admit there is no Trump boom. Chapters:00:00 Deficits Inflation Warning01:01 Midterm Prediction Recap02:33 Why Trump Won 201606:33 Promises vs Reality08:57 Ballroom and War Backlash12:24 Historic Democratic Wave18:27 Texas Florida Shift24:25 2028 Landslide Forecast29:12 Veto Myth Spending Surge32:23 Spending Surge Ahead33:48 California Wealth Tax Reality36:00 Wall Street Whiplash37:10 AI Bubble Deflates39:30 Gold Silver Breakout41:37 Bitcoin Warning Signs45:23 Trump Trades Unwind51:01 Debt Ceiling and Price Caps52:34 Oil War and GOP Fallout55:34 Jobs Data and Credit Stress01:00:55 Protect Yourself Plan01:02:28 Final Sign Off Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Bitcoin Was a Trump Trade... Now the Democrats Are Coming for Crypto

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Interest on the debt is about to pass Social Security, and Peter Schiff explains why the Fed is trapped and QE is coming back. 📢 Please Support Our Sponsors:- HomeServe. Join the millions of customers who trust HomeServe. For 50% less your first year, go to https://homeserve.com/gold. Savings compared to renewal price. Void in California and Florida.- AG1. For a limited time, visit https://drinkag1.com/schiff and get a free Immune Support Bundle, including Omega-3 Fish Oil and Vitamin D3+K2, with your first subscription of AG1 Next Gen or AG1 Pro. 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&#39;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 Bomb01:08 Back From New Orleans02:16 Gold Silver Shock Drop04:28 Fed Holds Rates Steady05:50 Tough Talk No Action11:38 Politics And The Pause16:47 Warsh As Fed Puppet21:58 Inflation Worsens Ahead24:16 Democrats Congress Risks28:10 No Gridlock Ahead29:19 Blame Game Strategy31:22 Voters Blame President32:26 Federal Aid Threats34:30 Five Thousand Checks Pitch36:04 AI CapEx Market Cracks38:36 Fed Pause Then QE40:24 Deficits Pressure Bonds42:38 Oil SPR And Metals46:10 Warsh Is All Talk47:10 Why Rates Cant Rise52:53 Gold Silver Call To Act54:58 Puerto Rico Tax Angle56:24 Wrap Up And X Spaces Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #NationalDebt #FederalReserve Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Debt Interest Is About to Pass Social Security... Here's What Breaks

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/10/27/22/1a725153-61de-4ccf-88a6-f2a8020287d9_cid-327.mp3

They can&#39;t harm you if they can&#39;t find you! Use code PETERSCHIFF at the link below and get 60% off an annual plan: <a href="https://incogni.com/peterschiff" rel="nofollow">https://incogni.com/peterschiff</a> Printing money was the cure. Now it&#39;s the disease, and the next crisis arrives with no medicine left. Peter Schiff explains why the Fed won&#39;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 &#34;tax cuts&#34; are no cut at all when the deficit is financed by inflation and 7.5% mortgages, why California&#39;s &#34;one-time&#34; billionaire wealth tax is the camel&#39;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 Warning00:38 Podcast Setup and Fed Week01:45 Why the Fed Won’t Hike02:35 Politics Behind Rates04:40 Fed Still Inflating05:18 Brazil Election Shock08:16 Bolsonaro vs Lula Framing11:02 Democracy and Socialism13:25 Farm Subsidy Blowup18:46 Subsidies Raise Food Costs21:10 Tobacco Subsidy Contradictions23:38 Free Market Farming Case24:12 Protectionism and Imports27:47 Seen vs Unseen Politics30:10 Republicans Becoming Democrats32:00 Farm Subsidy Reality Check32:54 Why Energy Subsidies Backfire34:59 Tax Cuts vs Spending Truth38:25 Medicare Politics Flip40:44 Obamacare Insurance Logic42:53 How Government Warps Markets46:34 AI Bubble Loses Air48:11 California Wealth Tax Playbook53:44 Debt Crisis and Inflation Spiral54:56 Gold and Silver Selloff Opportunity57:45 Conference Mood and Buy the Dip59:36 Fed Talk and Final Signoff Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #AIBubble #Gold Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

America Is About to Vote for Socialism... Get Ahead of It Now

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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. 📢 Please Support Our Sponsors:- 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.- Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee. 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&#39;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 Collide02:42 Fed Averaging Target Nonsense05:45 COVID Stimulus Fueled Inflation09:36 PPP Fraud and Fed Balance Sheet14:31 Transitory to Political Fallout18:08 2026 CPI Surge and Weak Growth22:42 Polls Turn on Trump Economy26:17 Energy Shock and PPI Warning29:30 Fed Behind Inflation32:05 Import Export Price Shock34:27 Gold Silver Mispricing35:00 Housing Crash Parallels39:07 Builders Slash Prices42:32 Affordability Math Breaks43:53 Banks Mortgage Loss Trap51:05 Defaults And Bailouts Ahead54:18 Fed Cornered By Inflation56:54 Protect Wealth And Diversify58:19 Politics Deficits And Dollar01:00:22 Closing And Subscribe Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

2008 and 2021 Are Hitting at the Same Time... The Inflation Bomb Is Lit

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Producer prices rose 1.3% in one month, 17% annualized. Gold and silver fell anyway, and that is a gift. 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&#39;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. Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Gold Should Have Soared This Week... Traders Just Handed You a Gift

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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. 📢 Please Support Our Sponsors:- AG1. For a limited time, save 20% on your first subscription order of AG1 Next Gen or AG1 Pro at <a href="https://drinkag1.com/schiff" rel="nofollow">https://drinkag1.com/schiff</a>- NetSuite. If your revenues are at least in the seven figures, get the free business guide, Aligning for the Agentic Era: How AI Is Changing Everyday Work, at <a href="http://netsuite.com/GOLD" rel="nofollow">http://netsuite.com/GOLD</a> 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&#39;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&#39;s stagflation signal, 479 new 52-week lows against 60 new highs, and why Richard Heart&#39;s arrest confirms Peter&#39;s call on HEX. Chapters:00:00 Deficit Inflation Spiral01:02 CPI Shock Breakdown03:47 Markets React Rate Hike Odds07:28 Gold Mispriced Opportunity08:08 Fed Hawk Talk Exposed10:18 Why Bonds Lose to Inflation14:24 Housing Standoff Fannie Freddie16:36 QE Return Dollar Risk17:18 Buy the Dip Pitch18:37 Inflation Hawks Smoke Mirrors21:24 Socialism vs Capitalism Defined28:20 Trump Ceasefire Reality Check31:36 Tariffs and 5000 Check Promises35:27 AI Work Guide Plug36:10 Beige Book Stagflation37:16 Stock Market Reality Check39:18 Big Banks Double Standard43:32 AmEx Deal Fallout46:01 Debanking And Politics48:22 Smoking Gun Email57:44 FOIA Evidence Trail01:00:11 Media And Government Corruption01:05:54 Nick McKenzie Theory01:12:21 Crypto Fraud Arrest01:14:16 Gold Silver Signoff Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #Trump #Inflation #Gold Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Fannie Mae Just Crashed 23% in Three Days... Home Prices Are Next

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Consumers are more worried now than at 2022&#39;s 40-year inflation high. Peter Schiff shows why the &#39;greatest economy ever&#39; is pure fiction. 📢 Please Support Our Sponsors:- My Patriot Supply. Save almost $300 on the complete Winter Prep Bundle, with emergency food, heat, backup power and light. Get yours while it&#39;s still available at <a href="https://preparewithpeter.com" rel="nofollow">https://preparewithpeter.com</a> 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&#39;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&#39;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 Confidence01:03 Trump Boom Claims03:39 Michigan Sentiment Shock06:58 75 Years of Crises11:19 Great Economy Fiction11:36 Winter Prep Sponsor12:46 Polls and Debt Stress16:19 Who Benefits From Boom17:54 Russia Diesel Flip Flop22:29 Iran Timing and Markets24:16 Rename AI to SI26:06 Lisa Cook Probe Committee28:51 Mortgage Fraud Politics30:53 Fed Minutes More Hikes32:02 Bond Yields New Normal33:05 Bitcoin Real Estate Debate36:40 High Debt High Rates38:15 Weekly Market Recap39:03 Gold Silver Buy Zone40:27 Bitcoin Anniversary Reality42:50 Treasury Yields Reality Check44:43 H1B Visa Backlash46:30 Who Owns The Job52:42 Remote Hiring Consequences56:29 Wrap Up And Sign Off Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #Inflation #Economy Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Worse Than 2008. Worse Than COVID. And They Call It a Boom.

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Tariffs failed, imports hit a record, and France is rioting. Peter Schiff explains why America&#39;s sovereign debt crisis is next. 📢 Please Support Our Sponsors:- Noom. The Noom GLP-1 Program starts at $39 and is delivered to your door in as little as seven days. Go to <a href="https://noom.com" rel="nofollow">https://noom.com</a> to learn more.- HomeServe. Join the millions of customers who trust HomeServe. For 50% less your first year, go to <a href="https://homeserve.com/gold" rel="nofollow">https://homeserve.com/gold</a>. Savings compared to renewal price. Void in Florida.- Function Health. Get more insight on how your body is aging with 160+ lab tests. Join at <a href="https://functionhealth.com/peter" rel="nofollow">https://functionhealth.com/peter</a> and use code PETER25 for a $25 credit. 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&#39;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&#39;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 Unrest00:42 Stocks Hit Records02:37 Trade Deficit Shock07:40 Tariffs Backfire10:48 Inflation Signals Rising12:51 GOP Spending Failure16:28 Veto Power Missed18:25 MAGA Loyalty Machine25:09 France Bond Spread Alarm30:47 France Cuts Spark Protests32:55 Welfare State Backlash33:41 Pension Changes Explained34:40 Healthcare and Sick Pay Tweaks36:27 Freezes and Token Cuts38:24 Debt Crisis and ECB Limits39:18 Eurozone Moral Hazard43:23 ECB Bailouts and Inflation44:26 France as US Warning45:11 Brazil Election Market Reaction47:38 Tucker Interview on War49:31 Why WWI Led to WWII55:13 Unintended War Consequences01:00:09 Wrap Up and Gold Pitch Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #Tariffs #SovereignDebt Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Tariffs Failed. Imports Hit a Record. France Is Rioting. We're Next.

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/10/3/6/16efcd41-2937-4d08-beb0-664a198152e9_315.mp3

Peter Schiff on a 29,000 jobs miss, weak wage growth, a $132.6B trade deficit, Trump&#39;s inflation remark, and why bonds sold off anyway. 📢 Please Support Our Sponsors:- Odoo. Get your first application free for life at <a href="https://www.odoo.com/r/peter" rel="nofollow">https://www.odoo.com/r/peter</a>- DripDrop. Stock up now at <a href="https://dripdrop.com" rel="nofollow">https://dripdrop.com</a> and use promo code GOLD for 20% off 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&#39;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&#39;s interview comment that inflation will pay off the debt, arguing it amounts to a sell signal for bondholders, and disputes Trump&#39;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&#39;s Stretch trading back near par, and argues the data points to stagflation, with AI capital spending propping up GDP. He discusses the G7&#39;s 100 million barrel oil reserve release, mortgage rates he thinks could reach 8% this month, risks to housing, autos, credit and Fannie and Freddie, $40 trillion in debt at 5% interest, Janet Yellen&#39;s past comments on low rates, and Rick Santelli&#39;s final day at CNBC. He closes by urging listeners to buy the dip in gold and silver, with support near $4,000 and $60. Chapters:00:00 Bond Crisis Warning01:02 September Jobs Shock03:02 Revisions and Labor Details06:22 Wages Lag Inflation08:16 Bonds Sell Off Anyway12:36 Income Spending PCE15:47 Trade Deficit Tariffs20:13 Stocks Ignore Rising Yields26:48 Trump Inflation Pays Debt28:06 Inflation Pays Debt Claim29:02 Who Owns Inflation Blame30:17 Bondholders Get Burned31:20 Weekly Market Scorecard31:49 Gold Silver Yield Paradox34:13 Stagflation And AI Distortion36:17 Bitcoin Strategy Stretch Update38:35 Bond Vigilantes Take Over40:21 Oil Reserves And Mortgage Shock45:08 Debt Math And Crisis Setup49:51 Midterms And Voter Reality51:56 Buy Metals And Wrap Up Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #JobsReport #BondMarket Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Jobs Missed. Wages Stalled. Tariffs Failed. Bonds Fell Anyway.

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/9/30/8/cb76dfb7-fcff-4f42-8c1b-e5a21c57213e_cid-314.mp3

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. 📢 Please Support Our Sponsors:- Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee.- 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. 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&#39;s warning is direct: if Friday&#39;s jobs number is weak and bonds still fall, the orderly grind lower becomes a crash. Gold&#39;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 Warning01:02 Yields Surge and Mortgages02:59 Gold Dip and Safe Haven07:11 Weak Data Ignored13:21 Housing Market Cracks14:48 Password Security Ad16:00 High Debt High Rates Era19:17 Housing Bubble Math23:56 Refi Boom Ends28:24 Home Prices Next Drop31:30 Noom Weight Loss Pitch33:07 GSE Stocks Get Crushed35:50 Trump Hype And Dump39:39 PSA Or Campaign Ad42:41 Deficits Nobody Will Cut47:59 Affordability Promises Backfire50:08 Socialism Messaging Trap52:12 AI Hope Versus Debt Crisis56:02 Fed Out Of Tricks56:43 Prepare For The Storm57:28 Wrap Up And Plan B Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #BondMarket #MortgageRates Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Every Crisis I Warned About Is Converging... This Is the End Game

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/10/2/20/01d8b458-9e18-444c-aa10-dced89b17dc5_cid-313b.mp3

Peter Schiff on why 86% of the S&amp;P is already in a bear market, the 1973 and 2000 parallels, 5% Treasury yields, and new IRS emails on his bank. 📢 Please Support Our Sponsors:- My Patriot Supply. Get a 3-Month Emergency Food Kit + FREE Mega Protein Kit at <a href="https://PrepareWithPeter.com" rel="nofollow">https://PrepareWithPeter.com</a>- Proton Pass. Go to <a href="https://proton.me/peter" rel="nofollow">https://proton.me/peter</a> to get 50% off, backed by a 30-day money-back guarantee.- Perplexity Computer. Start your free trial today at https://pplx.ai/gold and experience the next phase of AI. Market breadth has only been this bad twice in 100 years, and both times the S&amp;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&amp;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&#39;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 Warning00:59 Bond Yields Surge04:40 Global Rates and Mortgages07:37 Oil Link Breaks11:01 Consumers and Hoarding14:58 Markets Misread Gold18:47 Hidden Bear Market Breadth21:06 History Rhymes Again23:21 Ackman and Inflation Target29:15 China Summit and Tariffs33:05 Bank Shutdown FOIA Fight38:20 FOIA Fight With IRS39:11 Settlement And New Disclosures42:03 Press Conference Double Standard43:46 Jim Lee Email Questions47:10 MOU Proof Of Coordination50:56 Unanswered Questions Expose Narrative55:02 Publicity Stunt Motive56:04 Portugal Freeze Fallout57:23 Receivership Numbers Breakdown01:04:40 Government Vs Free Market Rant01:06:41 Congress Won&#39;t Act01:07:41 Wrap Up And Investing Pitch Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news Peter Schiff serves as Global Strategist of Euro Pacific Asset Management, LLC (“EPAM”), an SEC-registered investment adviser. The views and opinions expressed are those of Mr. Schiff as of the date of recording and may change without notice. Certain statements concerning historical events and regulatory matters reflect Mr. Schiff’s interpretation of the facts and information available to him.Market and investment commentary is provided for informational purposes only and does not constitute individualized investment advice or a recommendation to buy or sell any security. Investing involves risk, including possible loss of principal. International investing involves additional risks, including currency, political, economic and regulatory risks.For information regarding EPAM’s investment advisory services, please visit <a href="http://europac.com/" rel="nofollow">europac.com</a>. Registration with the SEC does not imply a particular level of skill or training. Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

This Happened Twice in 100 Years... Both Times, Stocks Fell 49%

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/9/24/9/199c9d96-facd-4dde-a36e-dda4804dde4e_cid-312.mp3

Peter Schiff on 22-year high yields, record diesel, McDonald&#39;s inflation warning, and Trump&#39;s claim he told Warsh how to vote. 📢 Please Support Our Sponsors:- AG1. For a limited time, save 20% on your first subscription order of AG1 Next Gen or AG1 Pro at <a href="https://drinkag1.com/schiff" rel="nofollow">https://drinkag1.com/schiff</a>- Upwork. Visit <a href="https://upwork.com" rel="nofollow">https://upwork.com</a> right now and post your job for free to connect with top talent ready to help your business grow.- Ethos. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at <a href="https://ethos.com/gold" rel="nofollow">https://ethos.com/gold</a>. Application times may vary. Rates may vary. 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&#39;s 25 basis point hike: that he told Kevin Warsh he &#34;might as well vote with the board.&#34; 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&#39;s stock fell about 5% after its CEO said inflation would stay elevated for &#34;many more years,&#34; which Peter contrasts with Warsh&#39;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 gallon, near $10 in California. Peter argues a diesel export ban would cut production, and that drawing down the Strategic Petroleum Reserve leaves nothing for a real emergency. On the midterms, he notes Democrats are now 65% favorites to take the Senate, with cost of living the top issue, and blames Trump rather than Biden for inflation, while the Gulf conflict looks to be worsening. He criticizes the White House for pulling credentials from CNN, Politico and MS Now, recounts Trump&#39;s reaction to his Fox &amp; Friends appearance, and discusses California&#39;s lawsuit against Trump Media over selling early access to Trump&#39;s posts for $50,000 to $100,000 a month, which he calls insider information. Peter closes with his Schiff Sovereign Plan B conference in Panama, which drew 130 to 140 attendees, and the story of his grandparents arriving through Ellis Island in 1902 and 1903 with no paperwork. His argument: the problem is not immigrants but the welfare state, and listeners should get their financial house in order, including gold, silver and TGold. Chapters:00:00 Diesel Hits Record Highs00:52 Back From Panama Update03:19 Trump Fed Comment Fallout09:34 Treasury Yields Break 5%12:42 Debt Interest Disaster Math17:30 McDonalds Warns Inflation Years22:20 Diesel Export Ban And SPR Risks27:23 Midterms Senate Odds Shift30:40 War And Media Crackdown Concerns31:38 Press Ban Fallout33:18 Fake News Double Standard33:38 Fox Interview Backlash35:54 Truth Social Insider Edge37:12 Market Moving Posts Explained41:13 GOP Hypocrisy Warning43:06 Panama Plan B Conference45:27 Why Panama Appeals47:40 Gilded Age Tariff Myth48:45 Open Immigration Then55:21 Welfare State Border Reality59:23 Plan B Portfolio Prep59:51 Signing Off Anniversary Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #nationaldebt #inflation #federalreserve Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

22-Year High Yields. Record Diesel. McDonald's Gave Up on 2%.

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/9/17/17/aebef33e-feb5-4a96-be1d-f1f79e64ef05_cid-310.mp3

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. 📢 Please Support Our Sponsors:- NetSuite. If your revenues are at least seven figures, get the free business guide, Aligning for the Agentic Era: How AI Is Changing Everyday Work, at <a href="https://netsuite.com/GOLD" rel="nofollow">https://netsuite.com/GOLD</a>- Proton Pass. Go to <a href="https://proton.me/peter" rel="nofollow">https://proton.me/peter</a> to get 50% off, backed by a 30-day money-back guarantee. 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&#39;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&#39;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&#39;s demand for sub-1 percent rates, Scott Bessent&#39;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 Pressure00:33 Markets Priced In the Move03:46 Fed Cornered by Inflation Talk06:38 Symbolic Hike and Market Fallout10:11 Fiscal Policy and Real Inflation21:31 Bond Yields Surge and Trump Reacts32:28 Import Cold Turkey Fallout33:40 Tariffs And China Surplus35:08 Empty Shelves Economic Crash36:18 Five Thousand Dollar Dividend44:30 Bonds For Bombs And Meme Coins53:32 Crypto Politics Gold Outlook Farewell Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #FedRateHike #Inflation #Gold #BondMarket Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

The Fed Hiked Rates 0.25%. It Won't Stop What's Coming.

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/9/13/7/4b8a9cdb-b771-4a45-a470-b77f6bc26937_cid-308.mp3

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 <a href="https://preparewithpeter.com" rel="nofollow">https://preparewithpeter.com</a> and receive over $1,000 in food and preparedness gear FREE.- Upwork. Visit <a href="https://upwork.com" rel="nofollow">https://upwork.com</a> 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 <a href="https://www.odoo.com/r/peter" rel="nofollow">https://www.odoo.com/r/peter</a> 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&#39;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 &#34;rapidly going down.&#34; 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&#39;s credibility. But a symbolic 25 basis points &#34;ain&#39;t gonna cut it&#34; 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&#39;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&#39;s $5,000 &#34;dividend&#34; (a bribe paid from $4 trillion of new debt), calls gold dips a gift, and says Bitcoin&#39;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 Up Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

I'm Banned From Fox News for This Forecast... It Just Came True

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/9/9/4/2862d0a1-0513-4ec4-9f7e-e8746f65c75b_cid-307.mp3

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&#39;s point is that the Fed&#39;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&#39;t think the Fed will do it, and thinks 25 basis points wouldn&#39;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-Up Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #BondMarket #Inflation Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

The Bond Market Is About to Break... And Stocks Go With It

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/9/8/17/4c071d85-210b-4891-be2e-8def37a87a78_cid-306b.mp3

Peter Schiff on the fake jobs beat, Trump&#39;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 <a href="https://proton.me/peter" rel="nofollow">https://proton.me/peter</a> to get 50% off, backed by a 30-day money-back guarantee.- DripDrop. Stock up now at <a href="https://dripdrop.com" rel="nofollow">https://dripdrop.com</a> and use promo code GOLD for 20% off- Ground News. Go to <a href="https://groundnews.com/schiff" rel="nofollow">https://groundnews.com/schiff</a> 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&#39;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&#39;t cut. Peter&#39;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&#39;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&#39;s candlemakers; Waller&#39;s rate comments sending gold back above $4,400; and an update on TGold&#39;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 Off Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Free Reports &amp; Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter&#39;s most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

Bond Yields Just Hit a 2007 High... Every Buyer Became a Seller

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/8/29/10/6afa8ee3-fbd4-45d2-a978-f181f4a382f7_copy_of_cid-305.mp3

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 <a href="http://groundnews.com/schiff" rel="nofollow">http://groundnews.com/schiff</a> 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 <a href="https://rok.auto/sosm" rel="nofollow">https://rok.auto/sosm</a> 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&#39;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 Plug Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff #BondMarket #FederalReserve Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

The Bond Buybacks Just Doubled... And Now There's a Military Option

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/8/20/23/4924ff61-fa50-4554-b40b-8bf6988a8614_copy_of_cid-304.mp3

Peter Schiff breaks down the Treasury&#39;s panic move to rescue the bond market, the $40 trillion debt milestone, and gold&#39;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 <a href="https://noom.com" rel="nofollow">https://noom.com</a> to learn more. This episode is also sponsored by Ground News. Go to <a href="http://groundnews.com/schiff" rel="nofollow">http://groundnews.com/schiff</a> 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&#39;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&#39;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&#39;s... why Bitcoin&#39;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&#39;t Work42:26 QE Addiction Ahead44:34 Boat Update Farewell Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

The Treasury Just Admitted It... The Bond Market Is Broken

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/8/17/4/8bda1024-df98-4f27-9966-09ab5aef40a8_copy_of_cid-303.mp3

Peter Schiff on plunging retail sales, sticky inflation, the Fed&#39;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 <a href="https://netsuite.com/gold" rel="nofollow">https://netsuite.com/gold</a> This episode is also sponsored by Function. Join at <a href="https://functionhealth.com/peter" rel="nofollow">https://functionhealth.com/peter</a> 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&#39;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&#39;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&#39;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 Ending Follow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff #Stagflation #Inflation Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: <a href='https://redcircle.com/privacy'>https://redcircle.com/privacy</a>

The Next Leg Down in Your Standard of Living Just Started

The Gold Standard in Podcasting

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast. The podcast focuses on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets. As entertaining as he is informative, Peter packs decades of brilliant insight into every news item. Join the thousands of fans who have benefited from Peter's commitment to getting the real story out to the world.