Every Fed Chair Promises Price Stability… Then Chooses the Printing Press

The Great Rotation Has Begun. Here's How to Make Your Money Back

Stretch hit $71 intraday. Strategy down 85% from peak. The first lawsuit just landed. And CNBC has gone completely silent. - This episode is sponsored by Pebl. Go to https://hipebl.ai [https://hipebl.ai] to get a free estimate. The Strategy death spiral accelerated dramatically this week. Stretch preferred stock plunged 18% to close at $79 after hitting an intraday low of $71 — a 29% loss from par that wiped out more than two years of dividend income in weeks. Strategy common stock crashed 30% in a single week and is now down 85% from its peak, trading at a massive discount to its Bitcoin NAV. The first class action lawsuit was filed against Strategy, and Schiff expects tens of billions in total legal liability from both Stretch and common equity holders. Saylor continued selling common stock to buy Bitcoin despite each purchase destroying shareholder value — diluting Bitcoin per share at the current discount. Schiff argues this is done solely to maintain the illusion that Strategy is still a buyer, propping up Bitcoin's price at shareholders' expense. Bitcoin fell 8.3% to below $60,000 but is only the beginning — with Strategy sidelined as a buyer and ETF holders sitting on losses, there is no marginal buyer left. Gold traded below $4,000 and silver dropped to $56 intraday before recovering, but Schiff sees this as the likely bottom of the correction and the buying opportunity of the cycle. Alan Greenspan died at 100, and Schiff eulogized him as the architect of modern monetary inflation who proved that even a gold bug will choose inflation when given the power of the printing press. Chapters: 00:00 Death Spiral Warning 01:50 Stretch Ponzi Explained 09:36 Why It Must Collapse 18:41 This Week’s Crash Data 28:57 Lawsuits and Market Fallout 33:14 Gold and Silver Bottoming 34:43 Fed Hype and Inflation Reality 39:11 Greenspan Legacy and Gold Signal 43:21 Dump Crypto Buy Metals 52:43 Ford Wage Myth 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 #PeterSchiffShow #StrategyDeathSpiral #BitcoinCrash Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * 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://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * 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]

Iran Won the War, Adam Schiff Wants Your Money, and Japan Is About to Blow Up

Iran's regime survived, got $300B, and we reopened what we closed. Adam Schiff wants to steal Musk's trillion. Japan is about to blow. This episode is sponsored by Zapier. Get started for free at https://zapier.com/gold [https://zapier.com/gold] The Iran MOU is being celebrated as a great victory, but Peter Schiff argues it achieved nothing more than returning to pre-war conditions: no fighting and the Strait of Hormuz open — both of which were true before the war started. Iran's regime survived, got immediate sanctions relief, access to a $300 billion investment fund, and frozen assets returned. The only concession is a promise not to develop nuclear weapons — the same promise they were making before the war that Trump said wasn't good enough. Schiff dismantles Adam Schiff's viral video calling for confiscation of Elon Musk's trillion-dollar wealth, showing that dumping that much stock would crash the price to a fraction of its value, destroy two companies, eliminate the incentive for future entrepreneurs, and give each household a one-time $7,500 check they'd spend in a week — the communist promise that has failed every time it's been tried. California's billionaire wealth tax made the ballot, threatening a 5% annual levy that would trigger a mass exodus. Meanwhile, Japan's debt crisis is accelerating with the yen breaking down past 160, 10-year JGBs at 2.65%, and a debt-to-GDP ratio of 250% — at 4% interest rates, two-thirds of Japanese tax revenue would go to interest alone. Schiff calls it a preview of America's future. Chapters: 00:00 Crisis Without a Plan 00:48 Father’s Day Intro 02:21 Iran MOU Reality Check 09:40 Who Really Wins the Deal 17:10 Wealth Inequality and Billionaire Taxes 31:16 Why Capital Matters 32:29 Panama Wealth Conference 33:47 Schiff vs Billionaires 35:00 Confiscation Fallout 42:43 Japan Yen Crisis 50:58 Gold Fed Reality Check 54:23 Accountability 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 Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]

Every Fed Chair Promises Price Stability… Then Chooses the Printing Press

Warsh set up 5 task forces to study inflation. You only study a problem when you don't want to solve it. Same game, new players. This episode is sponsored by InvestingPRO. Get 55% off + an EXTRA 15% off with my code PETERSCHIFF at checkout! Sign up: https://www.investing-referral.com/peterschiff/ [https://www.investing-referral.com/peterschiff/] This episode is also sponsored by 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 [https://ethos.com/gold]. Application times may vary. Rates may vary. Kevin Warsh's first FOMC meeting delivered a hawkish surprise — rates held at 3.5-3.75% unanimously, forward guidance was eliminated, and dot plots now project two rate hikes by year-end. But Peter Schiff argues it's all theater. Instead of actually fighting inflation, Warsh announced five new task forces to "study" the Fed's balance sheet, communications, data sources, jobs, and inflation itself — the classic government move of establishing committees to avoid solving problems. Warsh acknowledged inflation is a choice, and Schiff agrees — the Fed has chosen inflation over the alternative of crashing markets and forcing fiscal responsibility since the Greenspan era. The question is whether Warsh will break that tradition when push comes to shove. Schiff says no: Trump won't tolerate a bear market, the Treasury Secretary is having weekly breakfasts with the Fed Chair, and the political pressure to print will overwhelm any hawkish posturing. Meanwhile, Strategy's death spiral accelerated with Stretch falling to $89 — wiping out the entire annual yield in one month — while Saylor continues diluting common shareholders to fund dividends he can't sustain. SpaceX soared past $3 trillion on a 4% float, sucking speculative capital away from crypto and accelerating Bitcoin's decline to $64,000. Chapters: 00:00 Warsh Shocks Markets 00:45 Rates Hold Steady 01:26 Trump Versus Powell 03:42 Shortest Fed Statement 06:01 Ample Reserves Contradiction 07:13 Five Task Forces Announced 32:18 Term Insurance Not Investing 33:40 Fed Task Forces Skepticism 39:56 Inflation Tax And Politics 44:37 SpaceX IPO Mania 47:23 Bitcoin Strategy Death Spiral 55:37 Gold Silver Buy The Dip 56:29 Same Fed Same Game Wrap Up 58:29 Closing And Follow Me Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff #PeterSchiffShow #FederalReserve #FOMC Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]

A Complete Meltdown Is Coming

Musk is worth $1 trillion with zero income. We're spending $1.6 trillion on interest. CPI is on pace for 6.2%. This is the peak of the bubble. * This episode is sponsored by Greenlight Metals. Research investing in Greenlight Metals copper and gold mine: https://resourcestockdigest.com/report/copper-gold-in-the-american-heartland/ [https://resourcestockdigest.com/report/copper-gold-in-the-american-heartland/] * This episode is also sponsored by NetSuite. Download NetSuite’s free business guide, Demystifying AI, at https://netsuite.com/gold [https://netsuite.com/gold] SpaceX debuted as the biggest IPO in history, raising $75 billion at a $1.8 trillion valuation before closing above $2 trillion — making Elon Musk the first person worth $1 trillion. Peter Schiff puts this in perspective: JD Rockefeller, the previous richest American ever adjusted for inflation, earned the equivalent of $2 billion per year in actual income from Standard Oil. Musk has essentially zero income — SpaceX loses money and trades at 100x revenue — making his trillion-dollar net worth entirely a function of bubble valuations driven by decades of monetary excess. Meanwhile, the May federal deficit exploded 32% year-over-year to $293 billion, with interest expense surging 44% to $133 billion in a single month — $1.6 trillion annualized, consuming 30% of all tax revenue. That's the entire federal budget from 1997 spent on interest alone. CPI rose 0.5% in May, putting 2026 on pace for 6.2% annual inflation — the highest since 2022 and potentially headed for 1981 levels. PPI came in at 1.1% for the second straight month, annualizing to 14%. Gold successfully retested its March low at $4,040 before recovering to $4,218, with mining stocks posting a positive divergence despite metal weakness. The Strategy death spiral deepened as Saylor diluted common shareholders to buy Bitcoin, destroying the "Bitcoin yield" narrative he built the company on. Chapters: 00:00 Cold Open and Intro 01:23 SpaceX IPO Mania 03:18 Musk vs Rockefeller Wealth 06:31 Bubble Valuations Explained 09:59 Markets Week and Metals Drop 11:47 Gold Retest and War Narrative 17:20 Deficits and Interest Time Bomb 26:30 Inflation Data and Fed Boxed In 37:43 Other Markets Crypto 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 #SpaceXIPO #Inflation Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]

The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking!

Saylor sold Bitcoin for the first time, Stretch hit $90, and the self-perpetuating death spiral I've been warning about just started. • This episode is sponsored by Odoo. Sign up for free at https://www.odoo.com/r/peter • This episode is also sponsored by Hims. Visit https://hims.com/gold to get a personalized, affordable plan that gets you. The tech wreck Peter Schiff has been warning about may have finally started. Bitcoin plunged 16% on the week to below $60,000, wiping out all post-election gains and pushing Strategy's 840,000 Bitcoin position $12 billion underwater. Stretch preferred stock fell to $90, triggering a potential death spiral: Saylor must either raise the dividend to prop the price back up — burning through his already depleted cash reserves faster — or watch holders flee, which craters both Stretch and Strategy, forcing the liquidation of all 840,000 Bitcoin at fire-sale prices. Strategy sold 32 Bitcoin this week — the first sale ever — and Schiff argues this was a warning shot, not a one-off. The Nasdaq dropped 4.6% on Friday after a jobs report that showed 172,000 jobs created, 158,000 of which came from the birth-death model alone. Tech layoffs hit pandemic-era highs as companies redirect payroll savings into AI CapEx. Meanwhile, Trump valued Fannie and Freddie at a trillion dollars — a fiction Schiff dismantles, since the companies' mortgage guarantees are liabilities, not assets. Gold dropped 3.3% and silver fell 8.7% on algorithmic selling, but Schiff calls it the buying opportunity of the year as every macro force — collapsing real rates, forced Fed money printing, and the flight from risk assets — points to precious metals. Chapters: 00:00 Death Spiral Warning 00:34 Market Turbulence Setup 01:43 Jobs Report Reality Check 08:51 AI Bubble Funding Crunch 17:26 Crypto Crash and Strategy Unwind 28:19 Crypto Treasury Unraveling 29:09 Ethereum Leverage Warning 32:56 Gold Silver Safe Haven 34:57 Bitcoin Down Year Math 43:07 Fannie Freddie Valuation Myth 50:47 Dollar Stress Value Rotation Wrap 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 #BitcoinCrash #GoldInvesting Privacy & Opt-Out: https://redcircle.com/privacy [https://redcircle.com/privacy]