The Peter Schiff Show Podcast

Peter discusses the Iran war, the market reaction in gold and silver, the plunge in mining stocks, the surge in oil, Bitcoin’s dead-cat bounce, weak jobs data, rising inflation risks, the coming recession, de-dollarization, and why he believes this selloff is an opportunity to buy, not a reason to panic.

Peter Schiff breaks down why gold and silver sold off during the first week of the Iran war — and why he believes the market is getting it wrong. While many investors expected war to send precious metals sharply higher, gold finished the week down and mining stocks were hit even harder. Peter explains why this looks like a classic buy-the-rumor, sell-the-fact reaction, not the end of the bull market.

He argues that the real consequences of war have not yet been fully priced in: higher oil, bigger deficits, more money printing, stickier inflation, a weaker economy, and a weaker dollar over time. Peter also explains why he believes the political fallout could be severe, why Republicans may pay a heavy price in the midterms, and why the long-term winners remain gold, silver, mining stocks, and foreign markets positioned for de-dollarization.

Chapters:
00:00 War Context And Setup
02:08 Weekly Metals Selloff
04:14 Buy Rumor Sell Fact
06:52 Oil Spike And Optimism
09:38 Energy Reality Check
11:37 War Escalation And Politics
15:34 Stocks Dollar Bitcoin Moves
17:52 Deficits Inflation And Gold
24:53 Weak Economy And Jobs Shock
33:07 Midterms Outlook And Wrap

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Trump just launched an unconstitutional war with Iran without Congressional approval—and Peter breaks down the real reasons behind it, from economic distraction to the military-industrial complex profits, plus why this could trigger massive inflation and destroy your purchasing power.

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Peter Schiff strongly condemns Trump's declaration of war against Iran as unconstitutional, arguing that only Congress has the power to declare war under Article I, Section 8 of the Constitution. Schiff believes Trump violated his oath of office and campaign promises to end wars, not start them. He suspects the real catalyst was Israel informing Trump of their planned attack on Iran, forcing America's hand to join preemptively rather than wait for Iranian retaliation. Schiff questions Trump's claim that he had intelligence suggesting Iran would attack first, calling it implausible and likely fabricated to justify the unconstitutional military action.

Despite opposing the war on constitutional and strategic grounds, Schiff sees it as bullish for gold and silver due to its inflationary impact, as wars are typically funded through money printing rather than tax increases. He views recent pullbacks in precious metals and mining stocks as buying opportunities, noting that gold held above $5,000 despite heavy selling. Schiff warns that this war will worsen an already deteriorating economy through higher oil prices, supply chain disruptions, and increased government spending, while potentially serving as a convenient distraction from Trump's failing economic agenda and recent controversies like the Epstein files.

Chapters:
00:55 War With Iran Begins
03:41 Constitutional War Powers
08:48 War Powers Act Explained
12:00 From Strike To Regime Change
14:00 No Surprise Argument
15:57 Regime Change Risks
21:03 Iraq WMD Lies
23:08 Israel Rubio Timeline
25:45 Trump Preemptive Claim
29:07 Demand The Intelligence
29:25 War Justification Doubts
31:02 Broken Promises Fallout
32:32 Regime Change Quagmire
33:30 Distraction and Scapegoats
35:51 Wag the Dog Headlines
37:31 Rally Round the Flag
40:23 War Hits Economy and Oil
43:22 Markets Shrug Then React
47:36 Gold Selloff Explained
49:28 Wars Paid by Inflation
53:19 Buy the Dip Strategy
55:31 Wrap Up and Next Update

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Trump claims we have the hottest economy in the world and the greatest turnaround in history, but the numbers tell a completely different story—GDP growth actually slowed under his watch, the stock market is the worst performer globally, and he's ignoring the real crisis ahead: a sovereign debt catastrophe that will make 2008 look like a warm-up act.

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Peter Schiff delivers a scathing critique of Trump's State of the Union address, systematically debunking what he calls numerous economic lies and misrepresentations. Schiff argues that Trump's claims about achieving the "hottest economy in the world" and a "historic economic turnaround" are completely false, pointing out that GDP growth actually slowed from 2.8% under Biden's final year to 2.4% in Trump's first year. He criticizes Trump's housing policy of keeping prices artificially high while suppressing mortgage rates, calling it the same failed approach that led to the 2008 financial crisis, and disputes claims about record-breaking tax cuts, inflation solutions, and stock market performance.

Beyond exposing what he sees as outright fabrications, Schiff condemns Trump's economic policies as fundamentally socialist, including the ban on Wall Street buying single-family homes, government intervention in power plant construction, and various spending programs disguised as tax cuts. He warns that these policies will accelerate inflation and fiscal crisis, predicting that the resulting economic collapse will be blamed on Republicans and capitalism, paving the way for Democratic victories and more socialist policies. Schiff urges listeners to protect themselves by investing in gold, silver, and foreign stocks, noting that gold mining stocks are hitting new highs ahead of the metals themselves, which he sees as a bullish leading indicator.

Chapters:
00:00 Show Intro Montage
00:55 State of the Union Setup
03:36 Housing Prices and Rates
10:24 Stock Market Bragging
15:54 Economy Claims and Inflation
31:10 Gas and Economic Bragging
32:48 Tariffs Supreme Court and Trade Reality
35:56 Taxes Entitlements and Price Claims
39:26 Healthcare Drugs and Anti Socialism Rants
53:05 Fiscal Cliff and Gold Strategy

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Gold just broke above $5,100 — and almost no one is talking about it.
While politicians argue over tariffs, the real story is accelerating stagflation. GDP growth collapsed from 4.4% to 1.4%. Core PCE inflation is rising again. The Fed is openly debating rate cuts while inflation runs 50% above target.
This is not a soft landing.
Deficits are exploding. Tariff revenue is disappearing. The national debt is surging. The bond market is weakening. And the Federal Reserve is trapped between a weakening economy and rising inflation.
That trap has only one historical resolution: monetary expansion.
Gold is moving because the market understands what policymakers won’t admit. The dollar’s purchasing power is deteriorating. Sovereign debt risk is rising. Global capital is repositioning.
This is not about daily volatility. It’s about systemic imbalance.
When growth weakens and inflation accelerates at the same time, the outcome isn’t recovery — it’s currency stress.
Gold is signaling the next phase.

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With national debt up $2.6 trillion in one year and trade deficits exploding despite tariffs, the dollar faces collapse while oil and gold signal inflation's return.

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Peter Schiff analyzes mounting evidence that the U.S. dollar is heading for a major decline, driven by exploding deficits and failed trade policies. With the national debt surging $2.6 trillion in just over a year under Trump, and trade deficits widening despite tariffs, Schiff argues that the same deficit spending Republicans blamed for Biden's inflation is now accelerating under the current administration. Oil prices have surged 21% in two months, hitting six-month highs above $66, while gold holds support above $5,000 as central banks continue dumping dollars. The December trade deficit data reveals Trump's tariffs are backfiring spectacularly - imports rising while exports fall, proving Americans pay 90% of tariff costs according to New York Fed studies. Housing markets show severe stress with pending home sales hitting record lows, signaling price corrections ahead. Schiff credits Trump for reducing FDA drug approval requirements from two studies to one, but argues this modest deregulation doesn't address the fundamental problem of government interference in healthcare markets that didn't exist before 1962.

Chapters:
01:33 Gold & Silver Snapshot: Buy the Dip Below $5,000
02:14 Oil Breakout: Why Gas Prices Are Headed Higher
05:42 Dollar Weakness #1: Exploding Deficits and the Debt Rollover Bomb
09:52 Tariffs, Taxes, and the Myth of 1880s Prosperity
15:54 DOGE, Elon Musk, and Why Government Can’t Be Efficient
20:14 World Ditches the Dollar: Central Banks Buy Gold
21:32 Trade Deficit Reality Check: December Numbers Blow Out
27:28 Tariffs Backfire: New York Fed Study Says Americans Pay
36:20 Twin Deficits → Inflation & Rates: The Macro Chain Reaction
39:22 Housing Bubble Math: Rates Up Means Prices Must Fall
42:04 Giving Credit Where Due: Trump’s FDA Change to One Efficacy Study
45:05 Before 1962/1938: How Drug Approval Worked in a Freer Market
53:28 Wrap-Up: Newsletter, Gold/Silver, EuroPac Funds & Upcoming Live Show

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