The Peter Schiff Show Podcast

Peter Schiff

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.

  1. 3d ago

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

    They can't harm you if they can't find you! Use code PETERSCHIFF at the link below and get 60% off an annual plan: https://incogni.com/peterschiff 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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #AIBubble #Gold Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

  2. Oct 21

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

    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'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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

  3. Oct 15

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

    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 https://drinkag1.com/schiff - 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 http://netsuite.com/GOLD 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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news #Trump #Inflation #Gold Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

  4. Oct 10

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

    Consumers are more worried now than at 2022's 40-year inflation high. Peter Schiff shows why the 'greatest economy ever' 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's still available at https://preparewithpeter.com 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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #Inflation #Economy Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

  5. Oct 7

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

    Tariffs failed, imports hit a record, and France is rioting. Peter Schiff explains why America'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 https://noom.com to learn more. - 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 Florida. - Function Health. 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. 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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #Tariffs #SovereignDebt Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

  6. Oct 3

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

    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. 📢 Please Support Our Sponsors: - Odoo. Get your first application free for life at https://www.odoo.com/r/peter - DripDrop. Stock up now at https://dripdrop.com 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'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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #JobsReport #BondMarket Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

  7. Sep 30

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

    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's warning is direct: if Friday's jobs number is weak and bonds still fall, the orderly grind lower becomes a crash. Gold'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 Warning 01:02 Yields Surge and Mortgages 02:59 Gold Dip and Safe Haven 07:11 Weak Data Ignored 13:21 Housing Market Cracks 14:48 Password Security Ad 16:00 High Debt High Rates Era 19:17 Housing Bubble Math 23:56 Refi Boom Ends 28:24 Home Prices Next Drop 31:30 Noom Weight Loss Pitch 33:07 GSE Stocks Get Crushed 35:50 Trump Hype And Dump 39:39 PSA Or Campaign Ad 42:41 Deficits Nobody Will Cut 47:59 Affordability Promises Backfire 50:08 Socialism Messaging Trap 52:12 AI Hope Versus Debt Crisis 56:02 Fed Out Of Tricks 56:43 Prepare For The Storm 57:28 Wrap Up And Plan B Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #BondMarket #MortgageRates Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

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About

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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