The Peter Schiff Show Podcast

Spin Of The Union

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. * This episode is sponsored by Samsara. - This episode is sponsored by Samsara. Head to https://samsara.com/gold [https://samsara.com/gold] to request a free demo and see how Samsara brings visibility and safety to your operations. * This episode is also sponsored by Function. Own your health for $365 a year. That’s a dollar a day. Learn more and join using my link. Visit https://www.functionhealth.com/peter [https://www.functionhealth.com/peter] and use gift code PETER25 for a $25 credit toward your membership. 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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books #Finance #Economics #Gold Our Sponsors: * Check out Quince: https://quince.com/GOLD * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]

Gold Just Issued a Warning the Fed Can’t Ignore

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. Our Sponsors: * Check out Quince: https://quince.com/GOLD * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]

Gold Back Above $5,000, Oil Breakout, Dollar Trouble Ahead

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. - This episode is sponsored by Grammarly. Download Grammarly for free at https://grammarly.com [https://grammarly.com] - This episode is also sponsored by Pebl. Go to https://hipebl.ai [https://hipebl.ai] to get a free estimate. 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 Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books #Gold #Tariffs #Inflation Our Sponsors: * Check out Quince: https://quince.com/GOLD * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]

Presidents’ Day Is a Lie (It’s Washington’s Birthday)

It’s not “Presidents’ Day.” Legally, it’s George Washington’s Birthday—and we’ve quietly erased the one American who actually deserves a national holiday. - This episode is sponsored by ExpressVPN. Get an extra 4 months free. https://expressvpn.com/gold [https://expressvpn.com/gold] In this episode, I explain how a 1968 law moved holidays to Mondays, how retail “Presidents’ Day” sales hijacked the meaning, and why Washington’s character matters: the war hero who survived what should’ve killed him, turned down a crown, stepped away after two terms, and personally led troops to put down the Whiskey Rebellion. We also cover a modern contrast: government subsidies and incentives that raise prices, distort markets, and create the very “affordability” problems politicians pretend to solve. Chapters: 00:00 Cold Open: No Friends in the Pits 00:20 Show Intro: The Peter Schiff Show Begins 00:55 Why It’s George Washington’s Birthday (Not “Presidents’ Day”) 02:46 How “Presidents’ Day” Sales Hijacked the Holiday 05:32 Washington’s Early Life & French and Indian War Heroics 09:22 Leading the Revolution: Beating the World’s Strongest Army 12:07 Turning Down a Crown & Setting the Two-Term Precedent 13:39 The Whiskey Rebellion: A President Who Led from the Front 16:27 Why Washington Deserves the Holiday (And the Modern Debate) 19:32 Pepsi Cuts Prices 15%: The SNAP Junk Food Policy Angle 23:08 The Bigger Lesson: Subsidies Raise Prices (College, Housing, More) 25:34 Why Subsidies Make Housing, College & Healthcare More Expensive 26:48 Trump on Keeping Home Prices High (and the Credit-Fueled Fix) 28:57 Affordability 101: Demand Down or Supply Up? 30:15 SNAP Benefits as Money Supply: How It Spills Into Everything 33:43 The Farm Subsidy Paradox: Paying to Raise Food Prices 38:31 Government Spending, Inflation, and the Case for Gold 39:11 Gold & Silver Levels + Why to Dump Bitcoin 40:37 MicroStrategy/Strategy and Michael Saylor: The “Legal Ponzi” Critique 47:23 Palm Beach “Trump Airport” Trademark Story 50:44 Wrap-Up: Calls to Action, Subscribing, 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 Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books #PresidentsDay #WashingtonsBirthday #HistoryFacts Our Sponsors: * Check out Quince: https://quince.com/GOLD * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]

Jobs Report “Beat” Is Another Lie: 1.1 Million Jobs Erased

Peter Schiff explains why today’s “better than expected” jobs report is meaningless—and why the real story is the massive downward revisions. The government erased roughly 2.5 million jobs going back to 2019, including about 1.1 million from 2025 and over 800,000 from 2024. That means many of the celebrated “beats” from the past two years were actually misses, and markets were trading on bad data. This episode is sponsored by NetSuite. Download the free “Demystifying AI” at https://netsuite.com/gold [https://netsuite.com/gold] Schiff breaks down how automated trading reacts to jobs prints (strong jobs = buy dollars/sell gold), why the birth/death model distorted reality, and why gold and the dollar are no longer reacting the way they used to. He also covers rising oil and oil stocks, why gold and silver miners may hit new highs before the metals, why foreign markets are crushing U.S. stocks year-to-date, and why the dollar index looks set up for a sharper decline. Finally, Schiff argues the crypto crash is the first bubble to pop—an early warning for broader asset bubbles—and explains why tokenized gold is becoming the real “digital money” narrative as Bitcoin’s “digital gold” claim fails in real time. Chapters: 00:00 Introduction and Opening Remarks 00:56 Analyzing the Employment Report 03:06 Revisions and Job Market Realities 07:17 Impact on Markets and Currency 11:41 Oil and Energy Market Trends 16:24 Stock Market Performance and Predictions 26:06 Economic Data and Debt Discussion 31:04 Inflation and Its Consequences 34:11 Understanding Poverty and Supply 35:52 The Role of the US Dollar in Global Trade 37:07 Impact of Dollar Collapse on Global Markets 40:11 Trump Administration's Economic Policies 41:51 Bitcoin's Decline and Market Bubbles 52:21 The Future of Gold and Tokenization 58:34 Preparing for Economic Crisis Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books #economiccrisis #jobmarketanalysis #goldinvestment Our Sponsors: * Check out Quince: https://quince.com/GOLD * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]