The Peter Schiff Show Podcast

Latest Episodes:

4.15% Inflation. $3 Trillion Deficits. We’re in the Final Stages. Nov 11, 2026

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Hot CPI sank gold $120, and Peter Schiff explains why it's a gift, why Saylor is propping up Stretch, and what Trump got wrong on 60 Minutes.

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Another hot CPI print knocked gold down $120... and Peter says it'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'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' affordability promises built on bigger government, and Trump'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't explain while insisting he has no idea what his sons are doing. Those answers won't survive the congressional hearings coming next.

Chapters:

00:00 Final Stages Warning

01:01 CPI Surprise Breakdown

02:53 Gold Drops on Bad News

07:46 Traders Misread the Fed

11:19 Fed Talk and Rate Hikes

14:58 Bitcoin and Strategy Trouble

21:24 Midterms and Affordability Myth

24:09 Deficits Are the Inflation Tax

24:47 Cycle of One Term Presidents

28:23 60 Minutes and Media Editing

36:14 Trump Interview Fact Checks

49:09 Corruption Hearings Ahead

53:34 Buy the Metals Sell Bitcoin

56:05 Wrap Up and Follow on X

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Bitcoin Was a Trump Trade... Now the Democrats Are Coming for Crypto Nov 07, 2026

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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.

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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'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't admit there is no Trump boom.

Chapters:

00:00 Deficits Inflation Warning

01:01 Midterm Prediction Recap

02:33 Why Trump Won 2016

06:33 Promises vs Reality

08:57 Ballroom and War Backlash

12:24 Historic Democratic Wave

18:27 Texas Florida Shift

24:25 2028 Landslide Forecast

29:12 Veto Myth Spending Surge

32:23 Spending Surge Ahead

33:48 California Wealth Tax Reality

36:00 Wall Street Whiplash

37:10 AI Bubble Deflates

39:30 Gold Silver Breakout

41:37 Bitcoin Warning Signs

45:23 Trump Trades Unwind

51:01 Debt Ceiling and Price Caps

52:34 Oil War and GOP Fallout

55:34 Jobs Data and Credit Stress

01:00:55 Protect Yourself Plan

01:02:28 Final Sign Off

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Debt Interest Is About to Pass Social Security... Here's What Breaks Nov 03, 2026

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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.

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Next year, interest on the national debt passes Social Security, and the Fed has no way to fight the inflation that follows.

Peter Schiff breaks down Wednesday's Fed decision. Kevin Warsh held rates at 3.75% to 4% while calling the economy strong, admitting inflation is still too high and conceding that policy is accommodative. After one 25 basis point hike against a 125 basis point rise in inflation, Peter calls it what it is: the Kevin Warsh show, tough talk with nothing behind it.

The real constraint is the debt. Interest has already passed defense and is on track to pass Social Security next year, even if rates hold. Hiking enough to beat inflation would push the interest bill toward $3 to $4 trillion against barely $5 trillion in tax revenue, so the Fed is boxed in: the hike cycle gets abandoned and QE comes back. Peter also covers gold below $4,000 and silver below $50 as a buying opportunity, the AI selloff hitting Alphabet, Intel and the Mag 7, and why a Democratic Congress will mean bigger deficits, not gridlock.

Chapters:

00:00 Debt Interest Time Bomb

01:08 Back From New Orleans

02:16 Gold Silver Shock Drop

04:28 Fed Holds Rates Steady

05:50 Tough Talk No Action

11:38 Politics And The Pause

16:47 Warsh As Fed Puppet

21:58 Inflation Worsens Ahead

24:16 Democrats Congress Risks

28:10 No Gridlock Ahead

29:19 Blame Game Strategy

31:22 Voters Blame President

32:26 Federal Aid Threats

34:30 Five Thousand Checks Pitch

36:04 AI CapEx Market Cracks

38:36 Fed Pause Then QE

40:24 Deficits Pressure Bonds

42:38 Oil SPR And Metals

46:10 Warsh Is All Talk

47:10 Why Rates Cant Rise

52:53 Gold Silver Call To Act

54:58 Puerto Rico Tax Angle

56:24 Wrap Up And X Spaces

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America Is About to Vote for Socialism... Get Ahead of It Now Oct 27, 2026

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Printing money was the cure. Now it's the disease, and the next crisis arrives with no medicine left.

Peter Schiff explains why the Fed won't hike this week despite inflation that keeps rising: the decision is political, not economic, and rates are still far too low. Brazil just showed what happens when voters choose socialism, with Brazilian stocks down 23% in dollars in one day, roughly a Black Monday, and Peter argues Americans are about to make the same choice in the midterms. He takes apart the record $55.4 billion in farm welfare, the rent-seeking behind it, and why the consumer pays twice: once at the grocery store and again in the subsidy.

Peter also explains why the Republican "tax cuts" are no cut at all when the deficit is financed by inflation and 7.5% mortgages, why California's "one-time" billionaire wealth tax is the camel's nose under the tent, and why the air coming out of the AI bubble matters more than Wall Street admits: when it pops, governments and companies are fighting over the same scarce credit, and there is no bailout money left. Gold at $4,000 is the floor, not the ceiling, and the gold sell-off is happening for the wrong reason.

Chapters:

00:00 Debt Crisis Warning

00:38 Podcast Setup and Fed Week

01:45 Why the Fed Won’t Hike

02:35 Politics Behind Rates

04:40 Fed Still Inflating

05:18 Brazil Election Shock

08:16 Bolsonaro vs Lula Framing

11:02 Democracy and Socialism

13:25 Farm Subsidy Blowup

18:46 Subsidies Raise Food Costs

21:10 Tobacco Subsidy Contradictions

23:38 Free Market Farming Case

24:12 Protectionism and Imports

27:47 Seen vs Unseen Politics

30:10 Republicans Becoming Democrats

32:00 Farm Subsidy Reality Check

32:54 Why Energy Subsidies Backfire

34:59 Tax Cuts vs Spending Truth

38:25 Medicare Politics Flip

40:44 Obamacare Insurance Logic

42:53 How Government Warps Markets

46:34 AI Bubble Loses Air

48:11 California Wealth Tax Playbook

53:44 Debt Crisis and Inflation Spiral

54:56 Gold and Silver Selloff Opportunity

57:45 Conference Mood and Buy the Dip

59:36 Fed Talk and Final Signoff

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2008 and 2021 Are Hitting at the Same Time... The Inflation Bomb Is Lit Oct 21, 2026

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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.

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Producer prices just annualized to 17%, and banks are sitting on $2 trillion in mortgage losses before a single default.

Peter Schiff says the data looks like late 2020 and early 2021 all over again. September PPI rose 1.3% in one month, core PPI annualizes to 9%, import prices are up 8.1% year over year and export prices 11.6%. These are the leading indicators of consumer prices, and the CPI is already up 4% in the first nine months of 2026. Peter forecasts CPI above 7% in 2027, worse than any year under Biden, while Fed Chair Kevin Warsh has delivered a single 25 basis point hike.

Housing looks like 2007. Pending home sales just hit the lowest level in the index's history, builder confidence is the weakest since 2012, and new homes now sell for less than existing ones. Lenders hold $8.5 trillion in fixed-rate mortgages at an average 4.6% coupon, about $2 trillion underwater, four times the realized losses of the 2008 crisis. Peter explains why the Fed cannot bail out housing with QE while inflation is this hot, why Fannie and Freddie will need another bailout, and why the dollar sits at the center of what comes next.

Chapters:

00:00 Inflation and Housing Collide

02:42 Fed Averaging Target Nonsense

05:45 COVID Stimulus Fueled Inflation

09:36 PPP Fraud and Fed Balance Sheet

14:31 Transitory to Political Fallout

18:08 2026 CPI Surge and Weak Growth

22:42 Polls Turn on Trump Economy

26:17 Energy Shock and PPI Warning

29:30 Fed Behind Inflation

32:05 Import Export Price Shock

34:27 Gold Silver Mispricing

35:00 Housing Crash Parallels

39:07 Builders Slash Prices

42:32 Affordability Math Breaks

43:53 Banks Mortgage Loss Trap

51:05 Defaults And Bailouts Ahead

54:18 Fed Cornered By Inflation

56:54 Protect Wealth And Diversify

58:19 Politics Deficits And Dollar

01:00:22 Closing And Subscribe

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Gold Should Have Soared This Week... Traders Just Handed You a Gift Oct 17, 2026

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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's clothing, with one 25 basis point hike in five months while the balance sheet and money supply keep growing. Gold ended near $4,145 and silver near $56.85, a buying opportunity for anyone who understands what comes next.

He explains why a mortgage crisis is brewing: $8 trillion of fixed-rate mortgages averaging 4.6% with rates at 7.5% means $2 trillion in unrealized losses before a single default, more than four times the losses of the 2008 crisis. Plus inflation under Trump versus Biden, oil above $101 as the Strategic Petroleum Reserve drains, $1.4 trillion in annual interest on the national debt, and why Peter is dressed as Goldmember.

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Fannie Mae Just Crashed 23% in Three Days... Home Prices Are Next Oct 15, 2026

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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.

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September prices rose 0.6% in a month. Annualized, that is 7.4% inflation, and Washington never reports it that way.

Peter Schiff breaks down the September CPI report: a 0.6% monthly gain, 3.7% year over year, and a hotter-than-expected core reading. Washington annualizes GDP to make it look bigger but never annualizes inflation. Markets sold off across bonds, gold, silver and tech, and the odds of an October rate hike jumped from about 15% to over 40%. Peter explains why Fed Chair Kevin Warsh is a dove in hawk's clothing, with one 25 basis point hike in five months while the money supply and balance sheet keep growing. The Fed has already lost the inflation fight, which makes the sell-off in gold and silver a buying opportunity.

He traces the spiral: deficits drive inflation, inflation drives rates, and higher rates widen the deficits again. With the 30-year mortgage above 7.5% and Fannie Mae and Freddie Mac down more than 20% in three days, home prices have to fall. Plus the Beige Book's stagflation signal, 479 new 52-week lows against 60 new highs, and why Richard Heart's arrest confirms Peter's call on HEX.

Chapters:

00:00 Deficit Inflation Spiral

01:02 CPI Shock Breakdown

03:47 Markets React Rate Hike Odds

07:28 Gold Mispriced Opportunity

08:08 Fed Hawk Talk Exposed

10:18 Why Bonds Lose to Inflation

14:24 Housing Standoff Fannie Freddie

16:36 QE Return Dollar Risk

17:18 Buy the Dip Pitch

18:37 Inflation Hawks Smoke Mirrors

21:24 Socialism vs Capitalism Defined

28:20 Trump Ceasefire Reality Check

31:36 Tariffs and 5000 Check Promises

35:27 AI Work Guide Plug

36:10 Beige Book Stagflation

37:16 Stock Market Reality Check

39:18 Big Banks Double Standard

43:32 AmEx Deal Fallout

46:01 Debanking And Politics

48:22 Smoking Gun Email

57:44 FOIA Evidence Trail

01:00:11 Media And Government Corruption

01:05:54 Nick McKenzie Theory

01:12:21 Crypto Fraud Arrest

01:14:16 Gold Silver Signoff

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Worse Than 2008. Worse Than COVID. And They Call It a Boom. Oct 10, 2026

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Consumers are more worried now than at 2022's 40-year inflation high. Peter Schiff shows why the 'greatest economy ever' is pure fiction.

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Consumers are more worried about their finances than at any point in 75 years. Washington calls it a boom.

Peter Schiff takes apart the claim that America has the greatest economy in history. The University of Michigan's current conditions index just fell to an all-time low in a survey that dates to 1951. Households were less worried during the Cuban missile crisis, the 1970s gas lines, 9/11, the 2008 financial crisis, COVID and the 40-year inflation high of 2022 than they are today. Loan delinquencies are the highest since 2010, and the biggest wealth gains are going to households headed by someone 75 or older, because the same policies that raise the cost of living also inflate the stocks they own.

Peter argues the weak economy explains the week's politics: a diesel deal with Russia three weeks after a law authorizing 100% tariffs on buyers of Russian energy, a pledge not to bomb Iran until after the midterms, and a committee of Trump appointees investigating Fed governor Lisa Cook. He also covers Fed minutes in which officials concede policy is not restrictive, a 30-year Treasury yield that reached 5.73%, why 7.4% mortgages are a return to normal, the week in gold, silver and Bitcoin, and why barring Microsoft from sponsoring foreign workers sends those jobs, taxes and spending overseas.

Chapters:

00:00 Record Low Confidence

01:03 Trump Boom Claims

03:39 Michigan Sentiment Shock

06:58 75 Years of Crises

11:19 Great Economy Fiction

11:36 Winter Prep Sponsor

12:46 Polls and Debt Stress

16:19 Who Benefits From Boom

17:54 Russia Diesel Flip Flop

22:29 Iran Timing and Markets

24:16 Rename AI to SI

26:06 Lisa Cook Probe Committee

28:51 Mortgage Fraud Politics

30:53 Fed Minutes More Hikes

32:02 Bond Yields New Normal

33:05 Bitcoin Real Estate Debate

36:40 High Debt High Rates

38:15 Weekly Market Recap

39:03 Gold Silver Buy Zone

40:27 Bitcoin Anniversary Reality

42:50 Treasury Yields Reality Check

44:43 H1B Visa Backlash

46:30 Who Owns The Job

52:42 Remote Hiring Consequences

56:29 Wrap Up And Sign Off

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Tariffs Failed. Imports Hit a Record. France Is Rioting. We're Next. Oct 07, 2026

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Tariffs failed, imports hit a record, and France is rioting. Peter Schiff explains why America's sovereign debt crisis is next.

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Imports hit a record in August, the tariffs failed, and France just showed America where runaway debt ends.

Peter Schiff opens with the August trade deficit: $105.6 billion against a $99 billion forecast, with total imports at a record high despite Trump's tariffs. The tariffs did not reduce buying; they only made imports more expensive. Prices paid in the ISM services survey rose to 74, the highest since July 2022. Peter argues Republicans squandered two years of control and that Trump could have forced a balanced budget by vetoing debt ceiling increases, but pushed to abolish the ceiling instead.

France is the preview. Its 10-year yield of 4.75% now sits below America's 5.28%, its government spends 57% of GDP, and even timid proposals to slow spending growth are meeting protests in the streets. Peter explains why the eurozone failed exactly as he warned in the 1990s, then makes the case that keeping America out of World War I would have prevented World War II. With gold below $4,200 and silver near $60, he argues precious metals are the last safe haven as sovereign debt crises spread.

Chapters:

00:00 Global Debt Unrest

00:42 Stocks Hit Records

02:37 Trade Deficit Shock

07:40 Tariffs Backfire

10:48 Inflation Signals Rising

12:51 GOP Spending Failure

16:28 Veto Power Missed

18:25 MAGA Loyalty Machine

25:09 France Bond Spread Alarm

30:47 France Cuts Spark Protests

32:55 Welfare State Backlash

33:41 Pension Changes Explained

34:40 Healthcare and Sick Pay Tweaks

36:27 Freezes and Token Cuts

38:24 Debt Crisis and ECB Limits

39:18 Eurozone Moral Hazard

43:23 ECB Bailouts and Inflation

44:26 France as US Warning

45:11 Brazil Election Market Reaction

47:38 Tucker Interview on War

49:31 Why WWI Led to WWII

55:13 Unintended War Consequences

01:00:09 Wrap Up and Gold Pitch

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Jobs Missed. Wages Stalled. Tariffs Failed. Bonds Fell Anyway. Oct 03, 2026

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Peter Schiff on a 29,000 jobs miss, weak wage growth, a $132.6B trade deficit, Trump's inflation remark, and why bonds sold off anyway.

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Peter Schiff breaks down the September jobs report: just 29,000 jobs against an 85,000 estimate. July was revised back to negative 10,000 and August down to 133,000. Unemployment rose to 4.2%, private payrolls added 46,000, and average hourly earnings rose only 0.1%, the smallest monthly gain in more than five years, while August CPI rose 0.4%. Peter had forecast both the miss and the downward revisions on Tuesday's podcast.

Peter explains why the bond market sold off despite the weak report and softer August PCE data, even as the odds of an October rate hike fell sharply. The 10-year Treasury closed the week at 5.28% and the 30-year at 5.63%, which he calls classic bear market action. He also covers personal income rising 0.2% against spending up 0.9%, a 4.1% savings rate, and an August trade deficit of $132.6 billion, the fourth worst in US history, which he says shows tariffs have not reduced imports and that importers are the ones paying them.

On stocks, Peter notes the Nasdaq hit an intraday record while 147 stocks made new 52-week lows against 38 new highs on the week, breadth he compares to 1999-2000 and 1973. He responds to President Trump's interview comment that inflation will pay off the debt, arguing it amounts to a sell signal for bondholders, and disputes Trump's claim that he inherited inflation from Biden.

Peter reviews gold near $4,140, silver at $60.37 and the miners, Bitcoin near $84,500 and Strategy's Stretch trading back near par, and argues the data points to stagflation, with AI capital spending propping up GDP. He discusses the G7's 100 million barrel oil reserve release, mortgage rates he thinks could reach 8% this month, risks to housing, autos, credit and Fannie and Freddie, $40 trillion in debt at 5% interest, Janet Yellen's past comments on low rates, and Rick Santelli'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 Warning

01:02 September Jobs Shock

03:02 Revisions and Labor Details

06:22 Wages Lag Inflation

08:16 Bonds Sell Off Anyway

12:36 Income Spending PCE

15:47 Trade Deficit Tariffs

20:13 Stocks Ignore Rising Yields

26:48 Trump Inflation Pays Debt

28:06 Inflation Pays Debt Claim

29:02 Who Owns Inflation Blame

30:17 Bondholders Get Burned

31:20 Weekly Market Scorecard

31:49 Gold Silver Yield Paradox

34:13 Stagflation And AI Distortion

36:17 Bitcoin Strategy Stretch Update

38:35 Bond Vigilantes Take Over

40:21 Oil Reserves And Mortgage Shock

45:08 Debt Math And Crisis Setup

49:51 Midterms And Voter Reality

51:56 Buy Metals And Wrap Up

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