The Peter Schiff Show Podcast

Gold just broke above $5,100 — and almost no one is talking about it.
While politicians argue over tariffs, the real story is accelerating stagflation. GDP growth collapsed from 4.4% to 1.4%. Core PCE inflation is rising again. The Fed is openly debating rate cuts while inflation runs 50% above target.
This is not a soft landing.
Deficits are exploding. Tariff revenue is disappearing. The national debt is surging. The bond market is weakening. And the Federal Reserve is trapped between a weakening economy and rising inflation.
That trap has only one historical resolution: monetary expansion.
Gold is moving because the market understands what policymakers won’t admit. The dollar’s purchasing power is deteriorating. Sovereign debt risk is rising. Global capital is repositioning.
This is not about daily volatility. It’s about systemic imbalance.
When growth weakens and inflation accelerates at the same time, the outcome isn’t recovery — it’s currency stress.
Gold is signaling the next phase.

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With national debt up $2.6 trillion in one year and trade deficits exploding despite tariffs, the dollar faces collapse while oil and gold signal inflation's return.

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Peter Schiff analyzes mounting evidence that the U.S. dollar is heading for a major decline, driven by exploding deficits and failed trade policies. With the national debt surging $2.6 trillion in just over a year under Trump, and trade deficits widening despite tariffs, Schiff argues that the same deficit spending Republicans blamed for Biden's inflation is now accelerating under the current administration. Oil prices have surged 21% in two months, hitting six-month highs above $66, while gold holds support above $5,000 as central banks continue dumping dollars. The December trade deficit data reveals Trump's tariffs are backfiring spectacularly - imports rising while exports fall, proving Americans pay 90% of tariff costs according to New York Fed studies. Housing markets show severe stress with pending home sales hitting record lows, signaling price corrections ahead. Schiff credits Trump for reducing FDA drug approval requirements from two studies to one, but argues this modest deregulation doesn't address the fundamental problem of government interference in healthcare markets that didn't exist before 1962.

Chapters:
01:33 Gold & Silver Snapshot: Buy the Dip Below $5,000
02:14 Oil Breakout: Why Gas Prices Are Headed Higher
05:42 Dollar Weakness #1: Exploding Deficits and the Debt Rollover Bomb
09:52 Tariffs, Taxes, and the Myth of 1880s Prosperity
15:54 DOGE, Elon Musk, and Why Government Can’t Be Efficient
20:14 World Ditches the Dollar: Central Banks Buy Gold
21:32 Trade Deficit Reality Check: December Numbers Blow Out
27:28 Tariffs Backfire: New York Fed Study Says Americans Pay
36:20 Twin Deficits → Inflation & Rates: The Macro Chain Reaction
39:22 Housing Bubble Math: Rates Up Means Prices Must Fall
42:04 Giving Credit Where Due: Trump’s FDA Change to One Efficacy Study
45:05 Before 1962/1938: How Drug Approval Worked in a Freer Market
53:28 Wrap-Up: Newsletter, Gold/Silver, EuroPac Funds & Upcoming Live Show

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#Gold #Tariffs #Inflation

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It’s not “Presidents’ Day.” Legally, it’s George Washington’s Birthday—and we’ve quietly erased the one American who actually deserves a national holiday.

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In this episode, I explain how a 1968 law moved holidays to Mondays, how retail “Presidents’ Day” sales hijacked the meaning, and why Washington’s character matters: the war hero who survived what should’ve killed him, turned down a crown, stepped away after two terms, and personally led troops to put down the Whiskey Rebellion.

We also cover a modern contrast: government subsidies and incentives that raise prices, distort markets, and create the very “affordability” problems politicians pretend to solve.

Chapters:
00:00 Cold Open: No Friends in the Pits
00:20 Show Intro: The Peter Schiff Show Begins
00:55 Why It’s George Washington’s Birthday (Not “Presidents’ Day”)
02:46 How “Presidents’ Day” Sales Hijacked the Holiday
05:32 Washington’s Early Life & French and Indian War Heroics
09:22 Leading the Revolution: Beating the World’s Strongest Army
12:07 Turning Down a Crown & Setting the Two-Term Precedent
13:39 The Whiskey Rebellion: A President Who Led from the Front
16:27 Why Washington Deserves the Holiday (And the Modern Debate)
19:32 Pepsi Cuts Prices 15%: The SNAP Junk Food Policy Angle
23:08 The Bigger Lesson: Subsidies Raise Prices (College, Housing, More)
25:34 Why Subsidies Make Housing, College & Healthcare More Expensive
26:48 Trump on Keeping Home Prices High (and the Credit-Fueled Fix)
28:57 Affordability 101: Demand Down or Supply Up?
30:15 SNAP Benefits as Money Supply: How It Spills Into Everything
33:43 The Farm Subsidy Paradox: Paying to Raise Food Prices
38:31 Government Spending, Inflation, and the Case for Gold
39:11 Gold & Silver Levels + Why to Dump Bitcoin
40:37 MicroStrategy/Strategy and Michael Saylor: The “Legal Ponzi” Critique
47:23 Palm Beach “Trump Airport” Trademark Story
50:44 Wrap-Up: Calls to Action, Subscribing, and Sign-Off

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#PresidentsDay #WashingtonsBirthday #HistoryFacts

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Peter Schiff explains why today’s “better than expected” jobs report is meaningless—and why the real story is the massive downward revisions. The government erased roughly 2.5 million jobs going back to 2019, including about 1.1 million from 2025 and over 800,000 from 2024. That means many of the celebrated “beats” from the past two years were actually misses, and markets were trading on bad data.

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Schiff breaks down how automated trading reacts to jobs prints (strong jobs = buy dollars/sell gold), why the birth/death model distorted reality, and why gold and the dollar are no longer reacting the way they used to. He also covers rising oil and oil stocks, why gold and silver miners may hit new highs before the metals, why foreign markets are crushing U.S. stocks year-to-date, and why the dollar index looks set up for a sharper decline.

Finally, Schiff argues the crypto crash is the first bubble to pop—an early warning for broader asset bubbles—and explains why tokenized gold is becoming the real “digital money” narrative as Bitcoin’s “digital gold” claim fails in real time.

Chapters:
00:00 Introduction and Opening Remarks
00:56 Analyzing the Employment Report
03:06 Revisions and Job Market Realities
07:17 Impact on Markets and Currency
11:41 Oil and Energy Market Trends
16:24 Stock Market Performance and Predictions
26:06 Economic Data and Debt Discussion
31:04 Inflation and Its Consequences
34:11 Understanding Poverty and Supply
35:52 The Role of the US Dollar in Global Trade
37:07 Impact of Dollar Collapse on Global Markets
40:11 Trump Administration's Economic Policies
41:51 Bitcoin's Decline and Market Bubbles
52:21 The Future of Gold and Tokenization
58:34 Preparing for Economic Crisis

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#economiccrisis #jobmarketanalysis #goldinvestment

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Peter Schiff examines the economic fallout from tariffs, critiques Bitcoin's poor performance, and forecasts the implications for upcoming elections.

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Gold and silver are stabilizing after last week’s historic paper-market smash, and the real story is what’s coming next: a weaker jobs trend, rising energy, and a tariff regime that’s functionally a tax on everyday Americans.

Peter breaks down the ugly ADP print (and the downward revision), why the “strongest economy ever” narrative doesn’t pass the smell test, and why oil’s turn higher undermines the administration’s last clean talking point on inflation.

Then Peter walks through Scott Bessent’s testimony and why tariffs are politically toxic: officials can’t claim tariffs don’t raise prices while simultaneously admitting removing tariffs lowers prices. That contradiction is the whole game.

Finally, Peter covers the optics and incentives of open graft and self-dealing, why it’s setting a precedent both parties will exploit, and why this mix of affordability pain, weak labor signals, and policy doublespeak is tailor-made to punish the incumbents in the midterms.

Chapters:
00:00 Introduction and Opening Remarks
00:55 Market Analysis: Gold and Silver
06:30 Bitcoin and Cryptocurrency Critique
19:40 Economic Indicators and Job Numbers
26:30 Political Commentary and Election Predictions
29:45 Midterm Election Predictions
30:08 Scott Bessett's Testimony
31:20 Republican Strategies and Challenges
33:00 Economic Concerns and Tariffs
33:59 Calci Sponsorship
35:27 Tariffs and Affordability Issues
43:23 Trump's Conflicts of Interest
54:13 Housing Affordability Debate
57:33 Conclusion and Upcoming Content

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#tariffs #economicindicators #cryptocurrency

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