CPI triples to 0.9%, consumer sentiment hits an all-time low, and the Fed is quietly running QE — stagflation isn't coming, it's here.

Gold ended the week at $4,745 with silver at $75.76 and mining stocks up 5%, all buoyed by the Taco Tuesday ceasefire that sent markets surging mid-week. Peter Schiff argues the ceasefire is a win for Iran and that Trump was looking for a way out of threats he could never carry out — but the real story is the inflation data.

March CPI came in at 0.9% month-over-month, tripling February's reading and pushing year-over-year inflation to 3.3%. The Fed's balance sheet has quietly expanded by nearly $200 billion in 2026 — quantitative easing in everything but name. Q4 GDP was revised down to 0.5%, making 2025's full-year growth just 2.1% — lower than any year under Biden. Consumer sentiment plunged to 47.6, the lowest reading in the history of the survey. Schiff connects the dots: M2 money supply growing at 5%, a proposed 50% defense budget increase, and a Fed that will be forced to cut rates regardless of inflation all point to a stagflation environment where gold and silver are headed substantially higher.

Chapters:

00:00 Ceasefire and Market Mood

15:20 Inflation Data and Fed QE

23:14 Inflation Not The War

38:46 Stagflation Bull Case

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Trump threatened to destroy Iran's civilization by 8pm — instead he got a ceasefire that concedes nothing. The threats were always empty.

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Trump's Tuesday deadline to destroy Iran's civilization came and went with a Pakistan-brokered ceasefire instead of the promised hellfire. Peter Schiff breaks down how the president's escalating threats — from bombing bridges and power plants to wiping out an entire civilization — collapsed into a two-week truce that concedes nothing from Iran's side.

Markets swung wildly on the drama: the Dow dropped 400 points intraday before rallying nearly 1,000 points on ceasefire news, oil cratered 15.5% back to $95 after touching $115, and gold surged $60 despite the supposed "peace" — proving the market is trading the Fed, not the war. Schiff argues rate cuts are coming regardless of inflation, that oil will never return to $60, and that the dollar's reserve currency status is being actively dismantled as countries like France pull gold from U.S. custody. He also reveals the IRS is refusing to comply with a federal judge's FOIA ruling ordering release of documents from the Euro Pacific Bank investigation.

Chapters:

00:00 Show Intro

00:55 Trump Deadline Drama

05:33 Markets Call the Bluff

08:32 Pakistan Ceasefire Rumors

12:22 Trump Two Week Pause

16:20 Iran Ceasefire Terms

19:15 Iran Statement Readout

22:19 Civilian Targeting Critique

29:01 Dollar Power and Blowback

32:05 Scaling Gold Production

32:52 Gold Moves on Rate Cuts

35:14 Oil Prices vs Real Inflation

37:32 War Risk Premium Sticks

40:53 Weak Data and CPI Ahead

44:57 Polls Signal Economic Pain

50:49 Ditch Dollars Buy Metals

52:44 Mining Stocks Next Leg

55:33 FOIA Win IRS Fights Back

01:03:29 Transparency Battle Wrap Up

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Oil hits $112 as Trump vows to bomb Iran into the Stone Age — and the jobs data everyone's celebrating is hiding a collapsing labor market.

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Peter Schiff records from the British Virgin Islands, breaking down the latest economic data against the backdrop of the escalating Iran war. The March jobs report showed 178,000 jobs added — well above the 51,000 estimate — but Schiff argues the number is misleading, noting that 43% of new jobs were in healthcare, a sign of a sicker nation rather than a stronger economy. He highlights the weakest wage growth in five years at 3.5% year-over-year and the lowest labor force participation in five years at 61.9%.

Oil prices surged to $112 per barrel amid Trump's pledge to "bomb Iran back to the Stone Age" over the next two to three weeks, with the service sector PMI falling into contraction at 49.8. Schiff warns that stagflation is now undeniable and that oil-driven inflation will force massive government spending and money printing, ultimately crushing the dollar and sending gold well above $5,000. He criticizes Trump's economic lies, the Supreme Court's ruling striking down Liberation Day tariffs as unconstitutional, Warren Buffett's Fed praise, and growing redemption freezes across investment funds as signs of a brewing financial crisis.

Chapters:

00:00 Cold Open and Intro

00:54 Vacation Setup and Holiday Markets

01:52 March Jobs Report Breakdown

06:44 Stagflation Signals in PMI and JOLTS

08:53 Oil Spike and Fed Policy Link

17:02 Weekly Market Wrap Gold Silver Miners

21:33 Trump Speech War Escalation Fears

30:18 Aftermath Leaving Strait to Allies

32:27 NATO Exit Debate

33:39 Dollar Risks and Metals

34:11 Springsteen Boycott Rant

36:27 Liberation Day Reality Check

37:47 Tariffs Ruled Unconstitutional

40:52 Funds Freeze Redemptions

43:39 Buffett on Inflation Targets

47:05 Fed Enabled Covid Policy

51:31 Trump Polls and Midterms

57:55 Prepare and Buy Gold

01:00:30 Podcast Wrap and Travel

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Peter Schiff reviews a volatile week in markets, arguing gold and silver likely put in a bottom after briefly breaking prior lows and closing higher. He contrasts that with major stock indexes sliding deeper into correction territory, which he says could turn into a bear market if the war drags on. Schiff focuses on oil as the key driver, tying price spikes to bond selloffs, rising Treasury yields, and renewed inflation pressure.

He criticizes shifting public messaging around the conflict and argues the economic and political costs will force an eventual endgame driven more by markets than diplomacy. Schiff also challenges the “Bitcoin as digital gold” narrative, pointing to Bitcoin’s weakness versus gold and warning of a sharper breakdown if key levels fail.

He closes by framing larger deficits, money printing, and policy responses as structurally bullish for precious metals, while warning that higher yields and inflation could stress housing, stocks, and the dollar.

Chapters:

00:00 Gold and Silver Bottom

01:12 War Headlines Whipsaw

05:13 Fed Rates vs Inflation

05:59 Stocks Slide Into Correction

10:22 War Costs and Deficits

12:15 Bitcoin Safe Haven Myth

13:47 Oil Yields and Bonds

16:38 Bitcoin Mortgages Risk

20:05 Dollar Weakness and Politics

30:33 Buy Gold and Wrap Up

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#gold #inflation #oilprices

Treasury Secretary Scott Bessent dismisses questions about how America will pay for a $200 billion war with Iran, claiming "we have plenty of money"—but Peter Schiff exposes the dangerous delusion behind deficit spending and reveals how import/export prices are already screaming inflation that will dwarf anything under Biden.

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Peter Schiff exposes the Trump administration's reckless war financing, revealing Treasury Secretary Scott Bessent's shocking dismissal of questions about paying for a $200 billion Iran War appropriation. When pressed on funding sources, Bessent called the question "ridiculous" and claimed America has "plenty of money" despite $39 trillion in debt, ruling out tax increases while offering no spending cuts. Schiff argues this proves the biggest threat to America isn't Iran but Washington's own fiscal irresponsibility, as the war becomes a convenient scapegoat for the massive inflation already baked into the economy from Trump's policies.

The episode reveals Trump's market manipulation through contradictory Truth Social posts - issuing ultimatums that crash markets, then announcing "great progress" in negotiations that reverse the moves, with suspicious large trades placed minutes before his reversal posts. Meanwhile, import/export prices exploded 16.8% and 19.6% annualized in February alone, signaling the inflation tsunami coming in 2026. Schiff also delivers major legal updates: his civil rights lawsuit against the IRS conspiracy was dismissed with prejudice, but he won a crucial FOIA battle forcing the government to release hundreds of redacted pages that could expose massive corruption at the highest levels of multiple government agencies.

Chapters:

00:00 — Cold Open and Intro

00:56 — War Funding and Taxes

09:12 — Debt Inflation and Sacrifice

11:09 — Credibility and Market Moves

14:39 — Ultimatums and Market Whiplash

18:33 — Gold Silver and Real Rates

31:30 — Taco Pattern and War Spin

33:44 — Ceasefire Demands and Stalemate

35:46 — Oil Fertilizer and Aftermath Risks

36:53 — Strategic Stockpiling Surge

38:31 — Mortgage Demand Cracks

41:20 — Import Export Prices Signal Inflation

46:48 — War As Inflation Scapegoat

50:03 — Euro Pacific Bank Legal Fight

52:28 — Civil Rights Case Dismissed

59:29 — FOIA Lawsuit Breakthrough

1:01:17 — Redactions Reveal Conspiracy

1:06:56 — Courts And Government Accountability

1:15:43 — Gold Silver Final Pitch

#GoldInvesting #IranWar #InflationCrisis

The Fed just admitted inflation is spiraling out of control while refusing to do the one thing that actually works—raise rates—and Powell is banking on hope and fantasy to save the economy, but here's why today's gold selloff is the buying opportunity of a lifetime.

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Peter Schiff analyzes the Federal Reserve's decision to hold rates steady at 3.5-3.75% while warning that inflation is spiraling out of control. February's Producer Price Index surged 0.7% monthly - more than double expectations - signaling that inflation is accelerating before Trump's war even began driving oil prices higher. Despite this alarming data, the Fed refuses to hike rates and instead clings to fantasies about future rate cuts based on wishful thinking rather than evidence. Schiff argues that gold and silver's massive selloff following the inflation news represents a buying opportunity, as traders fail to understand that rising inflation with stagnant Fed policy creates negative real rates - extremely bullish for precious metals.

The episode exposes how the current economic situation is far worse than the 1970s stagflation, with national debt at 125% of GDP compared to just 34% in 1980, making aggressive rate hikes impossible despite inflation running well above the Fed's 2% target. Schiff predicts the national debt could hit $50 trillion during Trump's term as war spending explodes, while the housing bubble shows signs of collapse with mortgage applications plummeting. He dismisses Fed Chair Powell's claims that inflation will magically return to target through "moderate" policy, calling it delusional given that the Fed has been wrong about inflation for five consecutive years while consistently missing their forecasts.

Chapters:

00:00 Show Intro and Fed Preview

01:21 Weak Growth and Rising Inflation

05:43 Hot PPI Shocks Gold Markets

16:01 Housing Bubble and GSE Risks

22:12 FOMC Decision and Market Fallout

32:07 Fed Blames Tariffs

33:30 Cuts Based on Faith

36:36 Oil Shocks and Easy Policy

44:05 Stagflation and Debt Trap

56:36 Powell Probe and Gold

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Gold falls as war drives oil higher, but Peter Schiff says stagflation, deficits, and a weaker dollar are setting up gold’s next major surge.

Peter Schiff explains why the latest pullback in gold, silver, and mining stocks is not a sign that the bull market is over, but a temporary reaction to rising oil prices, higher bond yields, and a stronger dollar. He argues that markets are focusing too narrowly on delayed Fed rate cuts while missing the bigger picture: war-driven deficits, stubborn inflation, a weakening economy, and mounting pressure on the Federal Reserve to eventually monetize even more debt.

He also breaks down soft GDP growth, rising PCE inflation, weakness in housing, and what he sees as the widening gap between Trump’s economic claims and the underlying data. Schiff’s core thesis is that stagflation, war spending, and long-term dollar weakness remain strongly bullish for gold and silver, while the current selloff is creating another buying opportunity.

Chapters:

00:00 Metals Pullback Buy Zone

02:00 Stocks Oil Rates Dollar

05:07 War Deficits Bullish Gold

09:51 Inflation Reality Check

17:10 Housing Bubble Warning

22:54 Lies or Delusion

24:18 Economic Boom Claims

25:15 War Fallout and Stagflation

33:07 Gold Silver Big Picture

37:56 Buy the Dip and Wrap Up

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#Gold #OilPrices #Inflation

Oil prices are exploding past $93 a barrel as Trump's unconditional surrender demand sends shockwaves through markets—but here's the real inflation culprit nobody's talking about, and why the Fed's rate cuts are about to make everything worse.

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Peter Schiff analyzes the massive oil price surge following Trump's Iran war, with crude jumping from $90 to over $119 per barrel before pulling back slightly as countries coordinate strategic petroleum reserve releases. Schiff argues that while rising oil prices don't directly cause inflation, the government's monetary and fiscal response to fund the war and rebuild Iran will trigger massive money printing and borrowing, creating real inflation across all goods. He criticizes Trump's economic lies, including false claims about $18 trillion in foreign investment and job creation numbers that show only 181,000 jobs created in 2025 versus 2.2 million under Biden's final year.

Schiff expresses outrage over Trump's campaign against Congressman Thomas Massey in Kentucky, calling Massey "the best congressman we have" and the only Republican who truly stands for constitutional principles, limited government, and fiscal responsibility. He explains that Massey voted against Trump's "big beautiful" tax bill because it increased spending without corresponding cuts, making it a disguised tax hike rather than genuine tax relief. Schiff sees Trump's attack on Massey as proof that Trump opposes real conservative principles, preferring rubber-stamp politicians over principled representatives who honor their constitutional oath.

Chapters:

00:00:00 Show Cold Open

00:00:55 War and Oil Shock

00:09:45 Inflation and Fed Blame

00:16:20 Unconditional Surrender Walkback

00:21:57 Dollar Power and Gold Outlook

00:29:31 Mining Stocks Selloff

00:31:14 Oil Spike and Profits

00:32:24 How to Buy Exposure

00:33:41 CPI and Inflation Reality

00:37:27 Massey Trump and Media

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