The Peter Schiff Show Podcast

CPI triples to 0.9%, consumer sentiment hits an all-time low, and the Fed is quietly running QE — stagflation isn't coming, it's here.

Gold ended the week at $4,745 with silver at $75.76 and mining stocks up 5%, all buoyed by the Taco Tuesday ceasefire that sent markets surging mid-week. Peter Schiff argues the ceasefire is a win for Iran and that Trump was looking for a way out of threats he could never carry out — but the real story is the inflation data.

March CPI came in at 0.9% month-over-month, tripling February's reading and pushing year-over-year inflation to 3.3%. The Fed's balance sheet has quietly expanded by nearly $200 billion in 2026 — quantitative easing in everything but name. Q4 GDP was revised down to 0.5%, making 2025's full-year growth just 2.1% — lower than any year under Biden. Consumer sentiment plunged to 47.6, the lowest reading in the history of the survey. Schiff connects the dots: M2 money supply growing at 5%, a proposed 50% defense budget increase, and a Fed that will be forced to cut rates regardless of inflation all point to a stagflation environment where gold and silver are headed substantially higher.

Chapters:
00:00 Ceasefire and Market Mood
15:20 Inflation Data and Fed QE
23:14 Inflation Not The War
38:46 Stagflation Bull Case

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Trump threatened to destroy Iran's civilization by 8pm — instead he got a ceasefire that concedes nothing. The threats were always empty.

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Trump's Tuesday deadline to destroy Iran's civilization came and went with a Pakistan-brokered ceasefire instead of the promised hellfire. Peter Schiff breaks down how the president's escalating threats — from bombing bridges and power plants to wiping out an entire civilization — collapsed into a two-week truce that concedes nothing from Iran's side.

Markets swung wildly on the drama: the Dow dropped 400 points intraday before rallying nearly 1,000 points on ceasefire news, oil cratered 15.5% back to $95 after touching $115, and gold surged $60 despite the supposed "peace" — proving the market is trading the Fed, not the war. Schiff argues rate cuts are coming regardless of inflation, that oil will never return to $60, and that the dollar's reserve currency status is being actively dismantled as countries like France pull gold from U.S. custody. He also reveals the IRS is refusing to comply with a federal judge's FOIA ruling ordering release of documents from the Euro Pacific Bank investigation.

Chapters:
00:00 Show Intro
00:55 Trump Deadline Drama
05:33 Markets Call the Bluff
08:32 Pakistan Ceasefire Rumors
12:22 Trump Two Week Pause
16:20 Iran Ceasefire Terms
19:15 Iran Statement Readout
22:19 Civilian Targeting Critique
29:01 Dollar Power and Blowback
32:05 Scaling Gold Production
32:52 Gold Moves on Rate Cuts
35:14 Oil Prices vs Real Inflation
37:32 War Risk Premium Sticks
40:53 Weak Data and CPI Ahead
44:57 Polls Signal Economic Pain
50:49 Ditch Dollars Buy Metals
52:44 Mining Stocks Next Leg
55:33 FOIA Win IRS Fights Back
01:03:29 Transparency Battle Wrap Up

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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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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

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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

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