The Peter Schiff Show Podcast

Oil hits $112 as Trump vows to bomb Iran into the Stone Age — and the jobs data everyone's celebrating is hiding a collapsing labor market.

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Peter Schiff records from the British Virgin Islands, breaking down the latest economic data against the backdrop of the escalating Iran war. The March jobs report showed 178,000 jobs added — well above the 51,000 estimate — but Schiff argues the number is misleading, noting that 43% of new jobs were in healthcare, a sign of a sicker nation rather than a stronger economy. He highlights the weakest wage growth in five years at 3.5% year-over-year and the lowest labor force participation in five years at 61.9%.

Oil prices surged to $112 per barrel amid Trump's pledge to "bomb Iran back to the Stone Age" over the next two to three weeks, with the service sector PMI falling into contraction at 49.8. Schiff warns that stagflation is now undeniable and that oil-driven inflation will force massive government spending and money printing, ultimately crushing the dollar and sending gold well above $5,000. He criticizes Trump's economic lies, the Supreme Court's ruling striking down Liberation Day tariffs as unconstitutional, Warren Buffett's Fed praise, and growing redemption freezes across investment funds as signs of a brewing financial crisis.

Chapters:

00:00 Cold Open and Intro

00:54 Vacation Setup and Holiday Markets

01:52 March Jobs Report Breakdown

06:44 Stagflation Signals in PMI and JOLTS

08:53 Oil Spike and Fed Policy Link

17:02 Weekly Market Wrap Gold Silver Miners

21:33 Trump Speech War Escalation Fears

30:18 Aftermath Leaving Strait to Allies

32:27 NATO Exit Debate

33:39 Dollar Risks and Metals

34:11 Springsteen Boycott Rant

36:27 Liberation Day Reality Check

37:47 Tariffs Ruled Unconstitutional

40:52 Funds Freeze Redemptions

43:39 Buffett on Inflation Targets

47:05 Fed Enabled Covid Policy

51:31 Trump Polls and Midterms

57:55 Prepare and Buy Gold

01:00:30 Podcast Wrap and Travel

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#PeterSchiffShow #OilPriceSurge #GoldInvesting

Peter Schiff reviews a volatile week in markets, arguing gold and silver likely put in a bottom after briefly breaking prior lows and closing higher. He contrasts that with major stock indexes sliding deeper into correction territory, which he says could turn into a bear market if the war drags on. Schiff focuses on oil as the key driver, tying price spikes to bond selloffs, rising Treasury yields, and renewed inflation pressure.

He criticizes shifting public messaging around the conflict and argues the economic and political costs will force an eventual endgame driven more by markets than diplomacy. Schiff also challenges the “Bitcoin as digital gold” narrative, pointing to Bitcoin’s weakness versus gold and warning of a sharper breakdown if key levels fail.

He closes by framing larger deficits, money printing, and policy responses as structurally bullish for precious metals, while warning that higher yields and inflation could stress housing, stocks, and the dollar.

Chapters:

00:00 Gold and Silver Bottom

01:12 War Headlines Whipsaw

05:13 Fed Rates vs Inflation

05:59 Stocks Slide Into Correction

10:22 War Costs and Deficits

12:15 Bitcoin Safe Haven Myth

13:47 Oil Yields and Bonds

16:38 Bitcoin Mortgages Risk

20:05 Dollar Weakness and Politics

30:33 Buy Gold and Wrap Up

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#gold #inflation #oilprices

Treasury Secretary Scott Bessent dismisses questions about how America will pay for a $200 billion war with Iran, claiming "we have plenty of money"—but Peter Schiff exposes the dangerous delusion behind deficit spending and reveals how import/export prices are already screaming inflation that will dwarf anything under Biden.

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Peter Schiff exposes the Trump administration's reckless war financing, revealing Treasury Secretary Scott Bessent's shocking dismissal of questions about paying for a $200 billion Iran War appropriation. When pressed on funding sources, Bessent called the question "ridiculous" and claimed America has "plenty of money" despite $39 trillion in debt, ruling out tax increases while offering no spending cuts. Schiff argues this proves the biggest threat to America isn't Iran but Washington's own fiscal irresponsibility, as the war becomes a convenient scapegoat for the massive inflation already baked into the economy from Trump's policies.

The episode reveals Trump's market manipulation through contradictory Truth Social posts - issuing ultimatums that crash markets, then announcing "great progress" in negotiations that reverse the moves, with suspicious large trades placed minutes before his reversal posts. Meanwhile, import/export prices exploded 16.8% and 19.6% annualized in February alone, signaling the inflation tsunami coming in 2026. Schiff also delivers major legal updates: his civil rights lawsuit against the IRS conspiracy was dismissed with prejudice, but he won a crucial FOIA battle forcing the government to release hundreds of redacted pages that could expose massive corruption at the highest levels of multiple government agencies.

Chapters:

00:00 — Cold Open and Intro

00:56 — War Funding and Taxes

09:12 — Debt Inflation and Sacrifice

11:09 — Credibility and Market Moves

14:39 — Ultimatums and Market Whiplash

18:33 — Gold Silver and Real Rates

31:30 — Taco Pattern and War Spin

33:44 — Ceasefire Demands and Stalemate

35:46 — Oil Fertilizer and Aftermath Risks

36:53 — Strategic Stockpiling Surge

38:31 — Mortgage Demand Cracks

41:20 — Import Export Prices Signal Inflation

46:48 — War As Inflation Scapegoat

50:03 — Euro Pacific Bank Legal Fight

52:28 — Civil Rights Case Dismissed

59:29 — FOIA Lawsuit Breakthrough

1:01:17 — Redactions Reveal Conspiracy

1:06:56 — Courts And Government Accountability

1:15:43 — Gold Silver Final Pitch

#GoldInvesting #IranWar #InflationCrisis

The Fed just admitted inflation is spiraling out of control while refusing to do the one thing that actually works—raise rates—and Powell is banking on hope and fantasy to save the economy, but here's why today's gold selloff is the buying opportunity of a lifetime.

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Peter Schiff analyzes the Federal Reserve's decision to hold rates steady at 3.5-3.75% while warning that inflation is spiraling out of control. February's Producer Price Index surged 0.7% monthly - more than double expectations - signaling that inflation is accelerating before Trump's war even began driving oil prices higher. Despite this alarming data, the Fed refuses to hike rates and instead clings to fantasies about future rate cuts based on wishful thinking rather than evidence. Schiff argues that gold and silver's massive selloff following the inflation news represents a buying opportunity, as traders fail to understand that rising inflation with stagnant Fed policy creates negative real rates - extremely bullish for precious metals.

The episode exposes how the current economic situation is far worse than the 1970s stagflation, with national debt at 125% of GDP compared to just 34% in 1980, making aggressive rate hikes impossible despite inflation running well above the Fed's 2% target. Schiff predicts the national debt could hit $50 trillion during Trump's term as war spending explodes, while the housing bubble shows signs of collapse with mortgage applications plummeting. He dismisses Fed Chair Powell's claims that inflation will magically return to target through "moderate" policy, calling it delusional given that the Fed has been wrong about inflation for five consecutive years while consistently missing their forecasts.

Chapters:

00:00 Show Intro and Fed Preview

01:21 Weak Growth and Rising Inflation

05:43 Hot PPI Shocks Gold Markets

16:01 Housing Bubble and GSE Risks

22:12 FOMC Decision and Market Fallout

32:07 Fed Blames Tariffs

33:30 Cuts Based on Faith

36:36 Oil Shocks and Easy Policy

44:05 Stagflation and Debt Trap

56:36 Powell Probe and Gold

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#InflationAlert #FedPolicy #GoldInvesting

Gold falls as war drives oil higher, but Peter Schiff says stagflation, deficits, and a weaker dollar are setting up gold’s next major surge.

Peter Schiff explains why the latest pullback in gold, silver, and mining stocks is not a sign that the bull market is over, but a temporary reaction to rising oil prices, higher bond yields, and a stronger dollar. He argues that markets are focusing too narrowly on delayed Fed rate cuts while missing the bigger picture: war-driven deficits, stubborn inflation, a weakening economy, and mounting pressure on the Federal Reserve to eventually monetize even more debt.

He also breaks down soft GDP growth, rising PCE inflation, weakness in housing, and what he sees as the widening gap between Trump’s economic claims and the underlying data. Schiff’s core thesis is that stagflation, war spending, and long-term dollar weakness remain strongly bullish for gold and silver, while the current selloff is creating another buying opportunity.

Chapters:

00:00 Metals Pullback Buy Zone

02:00 Stocks Oil Rates Dollar

05:07 War Deficits Bullish Gold

09:51 Inflation Reality Check

17:10 Housing Bubble Warning

22:54 Lies or Delusion

24:18 Economic Boom Claims

25:15 War Fallout and Stagflation

33:07 Gold Silver Big Picture

37:56 Buy the Dip and Wrap Up

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#Gold #OilPrices #Inflation

Oil prices are exploding past $93 a barrel as Trump's unconditional surrender demand sends shockwaves through markets—but here's the real inflation culprit nobody's talking about, and why the Fed's rate cuts are about to make everything worse.

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Peter Schiff analyzes the massive oil price surge following Trump's Iran war, with crude jumping from $90 to over $119 per barrel before pulling back slightly as countries coordinate strategic petroleum reserve releases. Schiff argues that while rising oil prices don't directly cause inflation, the government's monetary and fiscal response to fund the war and rebuild Iran will trigger massive money printing and borrowing, creating real inflation across all goods. He criticizes Trump's economic lies, including false claims about $18 trillion in foreign investment and job creation numbers that show only 181,000 jobs created in 2025 versus 2.2 million under Biden's final year.

Schiff expresses outrage over Trump's campaign against Congressman Thomas Massey in Kentucky, calling Massey "the best congressman we have" and the only Republican who truly stands for constitutional principles, limited government, and fiscal responsibility. He explains that Massey voted against Trump's "big beautiful" tax bill because it increased spending without corresponding cuts, making it a disguised tax hike rather than genuine tax relief. Schiff sees Trump's attack on Massey as proof that Trump opposes real conservative principles, preferring rubber-stamp politicians over principled representatives who honor their constitutional oath.

Chapters:

00:00:00 Show Cold Open

00:00:55 War and Oil Shock

00:09:45 Inflation and Fed Blame

00:16:20 Unconditional Surrender Walkback

00:21:57 Dollar Power and Gold Outlook

00:29:31 Mining Stocks Selloff

00:31:14 Oil Spike and Profits

00:32:24 How to Buy Exposure

00:33:41 CPI and Inflation Reality

00:37:27 Massey Trump and Media

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#PeterSchiffShow #OilPrices #GoldInvesting

Peter discusses the Iran war, the market reaction in gold and silver, the plunge in mining stocks, the surge in oil, Bitcoin’s dead-cat bounce, weak jobs data, rising inflation risks, the coming recession, de-dollarization, and why he believes this selloff is an opportunity to buy, not a reason to panic.

Peter Schiff breaks down why gold and silver sold off during the first week of the Iran war — and why he believes the market is getting it wrong. While many investors expected war to send precious metals sharply higher, gold finished the week down and mining stocks were hit even harder. Peter explains why this looks like a classic buy-the-rumor, sell-the-fact reaction, not the end of the bull market.

He argues that the real consequences of war have not yet been fully priced in: higher oil, bigger deficits, more money printing, stickier inflation, a weaker economy, and a weaker dollar over time. Peter also explains why he believes the political fallout could be severe, why Republicans may pay a heavy price in the midterms, and why the long-term winners remain gold, silver, mining stocks, and foreign markets positioned for de-dollarization.

Chapters:

00:00 War Context And Setup

02:08 Weekly Metals Selloff

04:14 Buy Rumor Sell Fact

06:52 Oil Spike And Optimism

09:38 Energy Reality Check

11:37 War Escalation And Politics

15:34 Stocks Dollar Bitcoin Moves

17:52 Deficits Inflation And Gold

24:53 Weak Economy And Jobs Shock

33:07 Midterms Outlook And Wrap

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Trump just launched an unconstitutional war with Iran without Congressional approval—and Peter breaks down the real reasons behind it, from economic distraction to the military-industrial complex profits, plus why this could trigger massive inflation and destroy your purchasing power.

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Peter Schiff strongly condemns Trump's declaration of war against Iran as unconstitutional, arguing that only Congress has the power to declare war under Article I, Section 8 of the Constitution. Schiff believes Trump violated his oath of office and campaign promises to end wars, not start them. He suspects the real catalyst was Israel informing Trump of their planned attack on Iran, forcing America's hand to join preemptively rather than wait for Iranian retaliation. Schiff questions Trump's claim that he had intelligence suggesting Iran would attack first, calling it implausible and likely fabricated to justify the unconstitutional military action.

Despite opposing the war on constitutional and strategic grounds, Schiff sees it as bullish for gold and silver due to its inflationary impact, as wars are typically funded through money printing rather than tax increases. He views recent pullbacks in precious metals and mining stocks as buying opportunities, noting that gold held above $5,000 despite heavy selling. Schiff warns that this war will worsen an already deteriorating economy through higher oil prices, supply chain disruptions, and increased government spending, while potentially serving as a convenient distraction from Trump's failing economic agenda and recent controversies like the Epstein files.

Chapters:

00:55 War With Iran Begins

03:41 Constitutional War Powers

08:48 War Powers Act Explained

12:00 From Strike To Regime Change

14:00 No Surprise Argument

15:57 Regime Change Risks

21:03 Iraq WMD Lies

23:08 Israel Rubio Timeline

25:45 Trump Preemptive Claim

29:07 Demand The Intelligence

29:25 War Justification Doubts

31:02 Broken Promises Fallout

32:32 Regime Change Quagmire

33:30 Distraction and Scapegoats

35:51 Wag the Dog Headlines

37:31 Rally Round the Flag

40:23 War Hits Economy and Oil

43:22 Markets Shrug Then React

47:36 Gold Selloff Explained

49:28 Wars Paid by Inflation

53:19 Buy the Dip Strategy

55:31 Wrap Up and Next Update

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#Finance #GeopoliticalCrisis #GoldInvesting

Trump claims we have the hottest economy in the world and the greatest turnaround in history, but the numbers tell a completely different story—GDP growth actually slowed under his watch, the stock market is the worst performer globally, and he's ignoring the real crisis ahead: a sovereign debt catastrophe that will make 2008 look like a warm-up act.

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Peter Schiff delivers a scathing critique of Trump's State of the Union address, systematically debunking what he calls numerous economic lies and misrepresentations. Schiff argues that Trump's claims about achieving the "hottest economy in the world" and a "historic economic turnaround" are completely false, pointing out that GDP growth actually slowed from 2.8% under Biden's final year to 2.4% in Trump's first year. He criticizes Trump's housing policy of keeping prices artificially high while suppressing mortgage rates, calling it the same failed approach that led to the 2008 financial crisis, and disputes claims about record-breaking tax cuts, inflation solutions, and stock market performance.

Beyond exposing what he sees as outright fabrications, Schiff condemns Trump's economic policies as fundamentally socialist, including the ban on Wall Street buying single-family homes, government intervention in power plant construction, and various spending programs disguised as tax cuts. He warns that these policies will accelerate inflation and fiscal crisis, predicting that the resulting economic collapse will be blamed on Republicans and capitalism, paving the way for Democratic victories and more socialist policies. Schiff urges listeners to protect themselves by investing in gold, silver, and foreign stocks, noting that gold mining stocks are hitting new highs ahead of the metals themselves, which he sees as a bullish leading indicator.

Chapters:

00:00 Show Intro Montage

00:55 State of the Union Setup

03:36 Housing Prices and Rates

10:24 Stock Market Bragging

15:54 Economy Claims and Inflation

31:10 Gas and Economic Bragging

32:48 Tariffs Supreme Court and Trade Reality

35:56 Taxes Entitlements and Price Claims

39:26 Healthcare Drugs and Anti Socialism Rants

53:05 Fiscal Cliff and Gold Strategy

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#Finance #Economics #Gold

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.