The Peter Schiff Show Podcast

Peter Schiff
  • 4.6 (5.6K)
  • Investing
  • Updated Semiweekly

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. 10h ago

    The Fed Hiked Rates 0.25%. It Won't Stop What's Coming.

    The Fed hiked a quarter point. Peter explains why it will not stop the bond market, the dollar, or what is already coming for housing. 📢 Please Support Our Sponsors: - NetSuite. If your revenues are at least seven figures, get the free business guide, Aligning for the Agentic Era: How AI Is Changing Everyday Work, at https://netsuite.com/GOLD - Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee. The Fed finally hiked. Peter says the quarter point changes nothing about what is already in motion. The Federal Reserve raised the fed funds rate 25 basis points to 3.75 to 4 percent, a 90 percent probability going in and a unanimous vote coming out. Peter's read is that none of that signals resolve. The Fed did not hike because it wanted to. Months of tough talk had stopped working, the bond market had called the bluff, and the committee was left with a put-up-or-shut-up moment it could not dodge. So it did the smallest thing available, and Kevin Warsh gave the shortest press conference of his tenure on the way out. A quarter point does not touch inflation heading for a four handle, not with oil above 100 dollars and diesel at record highs. The reason the Fed will not do more is not caution, it is capacity. A hike large enough to break inflation would break the economy and the Treasury's ability to fund itself. The market understood immediately. The Dow closed down roughly 600 points after being green before the announcement, and the 10-year Treasury pushed back above 5 percent, which Peter calls a stepping stone to 6. He also covers Trump's demand for sub-1 percent rates, Scott Bessent's testimony, why 8 percent mortgages are coming, and why he expects gold to recover from this selloff quickly. Chapters: 00:00 Fed Hikes Under Pressure 00:33 Markets Priced In the Move 03:46 Fed Cornered by Inflation Talk 06:38 Symbolic Hike and Market Fallout 10:11 Fiscal Policy and Real Inflation 21:31 Bond Yields Surge and Trump Reacts 32:28 Import Cold Turkey Fallout 33:40 Tariffs And China Surplus 35:08 Empty Shelves Economic Crash 36:18 Five Thousand Dollar Dividend 44:30 Bonds For Bombs And Meme Coins 53:32 Crypto Politics Gold Outlook Farewell 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 #FedRateHike #Inflation #Gold #BondMarket Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

  2. 4d ago

    I'm Banned From Fox News for This Forecast... It Just Came True

    Fox dropped Peter for saying inflation would accelerate. August CPI proved it. Now an 88% rate hike, 19-year-high yields, and $100 oil. 📢 Please Support Our Sponsors: - My Patriot Supply. Check out the Be Ready Bundle at https://preparewithpeter.com and receive over $1,000 in food and preparedness gear FREE. - Upwork. Visit https://upwork.com right now and post your job for free to connect with top talent ready to help your business grow. - Odoo. Sign up for free at https://www.odoo.com/r/peter Peter got dropped from Fox News for saying inflation would accelerate. August CPI just proved him right. Last December Peter went on Fox News and said prices were still rising and the rate of increase would accelerate. Trump called him a Trump hater; Fox stopped booking him. Today's CPI: up 0.4% for August, 3.4% year over year, core hotter than expected, PPI running 5.4%, oil back over $100. Consumer inflation expectations jumped to 4.6%. Everything he said would happen has happened, while the president told a Republican convention this week that prices are "rapidly going down." Markets now put 88% odds on a rate hike next week, and Peter says the Fed has backed itself into a corner: Warsh has talked tough for so long that not hiking ends the Fed's credibility. But a symbolic 25 basis points "ain't gonna cut it" when inflation is rising faster than rates. The bond market already knows. The 10-year hit 4.97%, a 19-year high, the 30-year 5.35%, and Peter argues we're only six years into a bear market where 5% is nowhere near the top, with $40 trillion of debt to refinance. He also takes apart Trump's $5,000 "dividend" (a bribe paid from $4 trillion of new debt), calls gold dips a gift, and says Bitcoin's chart projects to zero. Chapters: 00:00 Fox News Inflation Call 00:34 9/11 Reflections and Liberty 05:27 CPI Report and Fed Odds 14:16 Symbolic Hike Won’t Work 36:49 Metals and Bitcoin Check 37:51 Bitcoin Head and Shoulders 39:24 Why a Midterm Convention 44:55 The 5000 Dividend Claim 57:17 Inflation Jobs 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 Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

  3. Sep 9

    The Bond Market Is About to Break... And Stocks Go With It

    Oil near $100, copper at a record, and the Fed still says 2%. Why the bond market breaks before the stock market does. 📢 Please Support Our Sponsors: - Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee. - Function Health. Join at https://functionhealth.com/peter and use code PETER25 for a $25 credit. - Pebl. Go to https://hipebl.ai to get a free estimate. Oil near $100, copper at a record, and 65 straight months above 2%. Peter says the bond market breaks first. Brent touched $99.50 and copper hit an all-time high, and Peter's point is that the Fed's 2% target was already unreachable when oil was falling. Sixty-five months above target, and now the inputs are rising again. PPI Thursday and CPI Friday could both come in hot, and if they do, the damage shows up in bonds before it shows up in stocks. The market is pricing roughly 60% odds of a hike next week. Peter doesn't think the Fed will do it, and thinks 25 basis points wouldn't matter if it did, since the market would immediately start pricing the next one. The rest is the bill coming due elsewhere. China just posted a record trade surplus, with August exports up 25% year over year and exports to the US up 34%, which is what happens when tariffs price Americans out of the best deal rather than moving production home. Peter got the receipt himself: the courier billed him for the tariff, then billed him again to process it. Meanwhile the hyperscalers that used to park cash in Treasuries are borrowing from the same pool the government needs, at a moment when interest costs already run $1.2 trillion a year. Chapters: 00:00 Intro 00:39 War Shock Fuels Commodities 02:15 Copper vs Gold Real Money 06:11 Iran War Drags On 21:31 Tariffs and Trade War Fallout 30:18 Producers vs Consumers 31:50 Tariffs Shift Trade 35:52 Why Trade Wars Fail 43:37 Nickels Beat Treasuries 50:59 Fed, Inflation, 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 #BondMarket #Inflation Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

  4. Sep 6

    Bond Yields Just Hit a 2007 High... Every Buyer Became a Seller

    Peter Schiff on the fake jobs beat, Trump's trade ultimatum, yields at 2007 highs, a 162% tariff bill, and why the Fed is the last buyer. 📢 Please Support Our Sponsors: - Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee. - DripDrop. Stock up now at https://dripdrop.com and use promo code GOLD for 20% off - Ground News. Go to https://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world. The government says 162,000 jobs is a boom. Peter Schiff says it's a miss, and the bond market agrees. The August jobs report came in at 162,000 against a 55,000 consensus, and Peter Schiff walks through why the number is worse than it looks. The birth-death model supplied 74,000 of those jobs, 45% of the total, on the assumption that new businesses were hiring. More than a third of the rest were waiters and bartenders. JOLTS and ADP both pointed the other way, last month was revised down, and real wages are falling. Kevin Hassett called it a boom; by most measures the economy is weaker than the day Trump took over. Then Trump raised the stakes. He declared that America deserves the lowest interest rates in the world, then threatened to terminate all trade with any surplus country if the Fed doesn't cut. Peter's answer: the United States has never been a worse credit risk than it is right now. The 10-year hit 4.81% and the 30-year 5.28%, the highest since 2007. Japan has sold its Treasury holdings down from $1.3 trillion to $1.1 trillion, everyone who was buying is now selling, and the Fed will end up the buyer of last resort, which means inflation. Peter also covers the week's real data: the July trade deficit at $88.6 billion, the biggest since March 2025; the $283 part that cost him 162% of the tariff once FedEx added its fee; diesel at a record above $5.80; Lutnick on semiconductors and Bastiat's candlemakers; Waller's rate comments sending gold back above $4,400; and an update on TGold's coming gold debit and credit cards. Chapters: 00:00 No Buyers Left 00:29 Back In Puerto Rico 00:47 Jobs Report Miss 05:36 Real Wages Falling 06:09 Waiters And Bartenders 08:00 JOLTS ADP Contradiction 09:10 Birth Death Model 10:23 Hassett Boom Claim 13:27 Trump Rate Demands 15:20 Worst Credit Risk Ever 17:24 Trump Trade Ultimatum 24:07 Bessent Kudlow Interview 27:27 Yields Hit 2007 Highs 28:24 Yen And Japan Selling 31:14 Oil Diesel Record 33:15 Stocks Gold Silver 39:16 Trade Deficit Widens 42:02 My 162% Tariff Bill 45:37 Lutnick Semiconductors 48:33 Bastiat Candlemakers 51:08 Waller Rate Comments 53:39 Gold Pullback Gift 54:03 TGold Cards Update 1:00:24 Bitcoin And EuroPac 1:02:12 Labor Day 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 Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

  5. Aug 29

    The Bond Buybacks Just Doubled... And Now There's a Military Option

    Warsh talks tough, buybacks double, a military option surfaces, gold falls $140, and boat prices collapse 50%. This episode is sponsored by Ground News. Go to http://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world. This episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosm The Treasury doubled its bond buybacks this week. Then the talk turned to a military option for yields. Fed Chairman Kevin Warsh spent his most anticipated speech of the year talking tough about inflation, and Peter Schiff explains why none of it matters. Warsh accepted responsibility for 65 straight months above the 2% target, then never once mentioned the $40 trillion national debt or the Treasury intervention running underneath him. Money supply is expanding at roughly 6% annualized since he took the job. He is talking about putting out the fire while pouring the gasoline. Underneath the speech, the policy escalated. Treasury buybacks already doubled from $2 billion to $4 billion, with roughly a trillion in the general fund available to extend them, shortening the average maturity of the debt and leaving the government more exposed to the rate hikes markets are now pricing. And in a Fox News interview on that same intervention, a military option for lowering bond yields was raised. Peter also covers the week's real data: gold down $140, silver reversing from nearly $71, a Chicago PMI collapse to 47.1 that was the biggest downside miss in eleven years, and a boat market where prices have fallen 50% and lenders are taking the keys, a Fed-made boom and bust he argues housing is about to repeat. Chapters: 00:00 Inflation Firestorm 00:37 Boatcast Setup 01:02 Warsh Speech Breakdown 04:12 Debt And Twist Ignored 08:10 Forward Guidance Critique 11:19 Dual Mandate Tradeoffs 12:46 Money Supply Matters 13:56 Hawkish Talk And Markets 18:50 Trump Military Option 20:01 Canada Tariffs Fallout 27:53 Market Wrap Gold Bitcoin 31:46 Strategy Dilution Spiral 32:42 Dollar Yen Bonds Warning 34:11 Manufacturing Digital Shift 39:03 Boating Bubble Bust 45:28 Boat Costs Force Selling 48:13 West Marine Bankruptcy 53:02 Buyer Market Repos Risk 56:30 Boat Ownership Reality 57:09 Closing Politics Plug Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff #BondMarket #FederalReserve Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

  6. Aug 20

    The Treasury Just Admitted It... The Bond Market Is Broken

    Peter Schiff breaks down the Treasury's panic move to rescue the bond market, the $40 trillion debt milestone, and gold's $185 reversal day. This episode is sponsored by 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. This episode is also sponsored by Ground News. Go to http://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world. The Treasury just doubled its bond buybacks. Peter Schiff says that's the government admitting the bond market is broken. On the same day the national debt topped $40 trillion, the Treasury announced it is doubling its long-term bond buybacks from $2 billion to $4 billion... buying the bonds everybody else is selling, and funding it by issuing more short-term debt. Peter calls it what it is: a panic move, a Hail Mary to suppress rising yields after the 30-year hit 5.3%, its highest in over 19 years. Refinancing debt locked in at a 3.44% average coupon with 4% T-bills makes no financial sense, which is exactly why it's happening... the government is scared, not stupid. The market rendered its verdict immediately. Gold reversed off a $185 rally to close above $4,500, silver cleared $66, and the miners surged 8-12%, while hawkish FOMC minutes were shrugged off entirely. Peter explains why this Treasury version of Operation Twist forces the Fed to follow with real QE... a program that will have to dwarf 2008's... why Bitcoin's pop above $70,000 is built on hope, and why the housing data shows the panic is justified. Chapters: 00:00 Treasury Panic Move 01:05 Bond Yields Hit New Highs 02:58 Debt Explosion Politics 07:00 Treasury Buyback Twist 10:23 QE Next And Fed Cornered 16:04 Hawkish Minutes Gold Surge 24:03 Markets React Unevenly 24:20 Dollar Drops Oil Jumps 25:08 Fed Inflation Bind 26:30 Debt Era Comparison 27:40 Jobs Data Media Spin 29:17 Bitcoin Versus Metals 31:19 Housing Slump Mortgages 33:59 Tariffs Canada Trade 37:50 Buybacks Won't Work 42:26 QE Addiction Ahead 44:34 Boat Update Farewell Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

  7. Aug 17

    The Next Leg Down in Your Standard of Living Just Started

    Peter Schiff on plunging retail sales, sticky inflation, the Fed's stealth QE, and why the world is now leaving the dollar standard. This episode is sponsored by NetSuite. For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, Go to https://netsuite.com/gold This episode is also sponsored by Function. Join at https://functionhealth.com/peter and use code PETER25 for a $25 credit. Retail sales just plunged, producer prices are still rising, and the Fed is quietly expanding its balance sheet again. The July data tells the story the markets keep ignoring. Retail sales fell 0.6 percent, the biggest drop in over a year, and since those numbers are not adjusted for inflation, real spending fell even further. Consumer sentiment sank to 51 as households braced for 4.3 percent inflation, more than double the Fed's 2 percent target. Producer prices rose 4.7 percent year over year, and instead of rallying on the weak data, the bond market sold off to its lowest weekly close of the year, with the 30-year at 5.27 percent. Meanwhile the Fed expanded its balance sheet by more than 21 billion dollars in two weeks, with the national debt about 80 billion dollars away from 40 trillion. Peter marks 55 years since Nixon closed the gold window and calls it what it was: a 100 percent default on America's creditors. His father Irwin testified against removing gold backing in 1968, and the 1970s proved him right. Now the sequel is underway. The world is going off the dollar standard the way America went off gold, and the next leg down in the American standard of living has already started. Gold near 4,400 dollars and silver above 66 are the market's verdict. Chapters: 00:00 Middle Class Squeeze 01:01 PPI Breakdown 04:08 Fed Balance Sheet Surge 05:23 Stagflation Signals 08:28 Bond Market Warning 11:39 Greenspan and 1987 Echoes 14:48 Stocks vs Bonds Diverge 15:33 Gold Shines Bitcoin Slips 18:16 Bitcoin Bear Case 21:08 Iran Sanctions and Oil 26:30 Nixon Gold Standard Legacy 28:52 Inflation Math Reality 29:30 Video Plug Fiat Failure 30:19 Electric Catamaran Tour 34:30 Cruising Plans Tax Credit 37:02 Gold Standard Break Explained 48:09 Dollar Standard Ending Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff #Stagflation #Inflation Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

  8. Aug 13

    Last Week Was the Warning... What Comes Next Is Bigger

    A record $432B July deficit, $40 trillion in debt days away, gold above $4,400... last week's fireworks were just the opening act. This episode is sponsored by Odoo. Sign up for free at https://www.odoo.com/r/peter This episode is also sponsored by Pebl. Go to https://hipebl.ai to get a free estimate. This episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosm The CPI came in tame. Hours later the Treasury reported a $432 billion July deficit... the worst single month in US history. Peter breaks down why the benign 0.1% July CPI is an accounting illusion: the BLS compares monthly averages, so June's oil collapse masked July's crude rebound, and August is set up to run hot. The real inflation news came later that day from the Treasury: a record $432 billion July deficit, $1.8 trillion in just ten months, and a national debt now less than $150 billion from $40 trillion. Bigger deficits mean more pressure on the Fed to choose inflation, which is exactly why the bond market refused to rally on the "good" CPI number. Gold holds above $4,400 and silver above $65 as heavy Asian buying signals the de-dollarization trade is back on, while Bitcoin sits dead at $63,500 and misses the entire rally. Peter also covers the yen back above 159 and the Fed's swap-line backdoor QE for Japan, both parties drifting left after the latest primaries, Trump family corruption from Truth Social premium access to Barron's $150 million, and the Iran endgame: no deal, a closed Strait of Hormuz, and a president claiming victory in a war America clearly lost. Chapters: 00:00 Inflation Signals Not Prices 01:22 CPI Print And Market Bets 04:24 CPI Math Masks Energy Surge 10:37 Deficits The Real Inflation Driver 19:54 Gold Surge Debt And Yen QE 31:09 Radical Left Wins Primaries 32:00 Both Parties Shift Left 34:17 Trump Corruption Claims 37:51 Bitcoin Stalls vs Gold 44:13 Iran War Reality Check Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Our Sponsors: * Check out Chilipad and use my code GOLD for $255 off! Visit https://sleep.me. * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

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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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