The Peter Schiff Show Podcast

Interest on the debt is about to pass Social Security, and Peter Schiff explains why the Fed is trapped and QE is coming back.📢 Please Support Our Sponsors:- 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 California and Florida.- AG1. For a limited time, visit https://drinkag1.com/schiff and get a free Immune Support Bundle, including Omega-3 Fish Oil and Vitamin D3+K2, with your first subscription of AG1 Next Gen or AG1 Pro.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 Bomb01:08 Back From New Orleans02:16 Gold Silver Shock Drop04:28 Fed Holds Rates Steady05:50 Tough Talk No Action11:38 Politics And The Pause16:47 Warsh As Fed Puppet21:58 Inflation Worsens Ahead24:16 Democrats Congress Risks28:10 No Gridlock Ahead29:19 Blame Game Strategy31:22 Voters Blame President32:26 Federal Aid Threats34:30 Five Thousand Checks Pitch36:04 AI CapEx Market Cracks38:36 Fed Pause Then QE40:24 Deficits Pressure Bonds42:38 Oil SPR And Metals46:10 Warsh Is All Talk47:10 Why Rates Cant Rise52:53 Gold Silver Call To Act54:58 Puerto Rico Tax Angle56:24 Wrap Up And X SpacesFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #NationalDebt #FederalReserveOur Sponsors:* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy

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/peterschiffPrinting 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 Warning00:38 Podcast Setup and Fed Week01:45 Why the Fed Won’t Hike02:35 Politics Behind Rates04:40 Fed Still Inflating05:18 Brazil Election Shock08:16 Bolsonaro vs Lula Framing11:02 Democracy and Socialism13:25 Farm Subsidy Blowup18:46 Subsidies Raise Food Costs21:10 Tobacco Subsidy Contradictions23:38 Free Market Farming Case24:12 Protectionism and Imports27:47 Seen vs Unseen Politics30:10 Republicans Becoming Democrats32:00 Farm Subsidy Reality Check32:54 Why Energy Subsidies Backfire34:59 Tax Cuts vs Spending Truth38:25 Medicare Politics Flip40:44 Obamacare Insurance Logic42:53 How Government Warps Markets46:34 AI Bubble Loses Air48:11 California Wealth Tax Playbook53:44 Debt Crisis and Inflation Spiral54:56 Gold and Silver Selloff Opportunity57:45 Conference Mood and Buy the Dip59:36 Fed Talk and Final SignoffFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #AIBubble #GoldOur Sponsors:* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy

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 Collide02:42 Fed Averaging Target Nonsense05:45 COVID Stimulus Fueled Inflation09:36 PPP Fraud and Fed Balance Sheet14:31 Transitory to Political Fallout18:08 2026 CPI Surge and Weak Growth22:42 Polls Turn on Trump Economy26:17 Energy Shock and PPI Warning29:30 Fed Behind Inflation32:05 Import Export Price Shock34:27 Gold Silver Mispricing35:00 Housing Crash Parallels39:07 Builders Slash Prices42:32 Affordability Math Breaks43:53 Banks Mortgage Loss Trap51:05 Defaults And Bailouts Ahead54:18 Fed Cornered By Inflation56:54 Protect Wealth And Diversify58:19 Politics Deficits And Dollar01:00:22 Closing And SubscribeFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsOur Sponsors:* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy

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.Our Sponsors:* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy

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/GOLDSeptember 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 Spiral01:02 CPI Shock Breakdown03:47 Markets React Rate Hike Odds07:28 Gold Mispriced Opportunity08:08 Fed Hawk Talk Exposed10:18 Why Bonds Lose to Inflation14:24 Housing Standoff Fannie Freddie16:36 QE Return Dollar Risk17:18 Buy the Dip Pitch18:37 Inflation Hawks Smoke Mirrors21:24 Socialism vs Capitalism Defined28:20 Trump Ceasefire Reality Check31:36 Tariffs and 5000 Check Promises35:27 AI Work Guide Plug36:10 Beige Book Stagflation37:16 Stock Market Reality Check39:18 Big Banks Double Standard43:32 AmEx Deal Fallout46:01 Debanking And Politics48:22 Smoking Gun Email57:44 FOIA Evidence Trail01:00:11 Media And Government Corruption01:05:54 Nick McKenzie Theory01:12:21 Crypto Fraud Arrest01:14:16 Gold Silver SignoffFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#Trump #Inflation #GoldOur Sponsors:* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy