The Peter Schiff Show Podcast

The US needs to borrow $20 trillion this year. Saylor just blew 60% of his cash paying off 0% debt early. The dominoes are falling.
This episode is sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosm
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. Application times may vary. Rates may vary.
Donald Trump spent Memorial Day weekend claiming an Iran deal was 90% done — oil dropped $10 to below $90, but bond yields barely moved, with the 10-year still at 4.5% and the 30-year above 5%. Peter Schiff argues the bond market is telling the real story: with $13 trillion in debt maturing this year plus $3 trillion in new borrowing, the US needs to convince creditors to roll over nearly $20 trillion — an amount without historical precedent.
The AI CapEx bubble is now consuming a trillion dollars a year, funded by layoffs and foregone investment in actual manufacturing. Schiff compares it to dot-com: the technology is real but the stocks are wildly overvalued and most will go to zero when rising interest rates prick the bubble. Meanwhile, Michael Saylor burned over 60% of Strategy's cash reserves paying off zero-interest convertible notes three years early — a move Schiff says was forced by behind-the-scenes pressure, not financial genius. Elizabeth Warren accidentally made the best case against payroll taxes by pointing out that companies are incentivized to replace workers with AI because hiring people is taxed while buying computers isn't — though her solution is more taxes, not fewer.

Chapters:
00:00 - Intro
00:53 - Iran War & Market Reaction
06:47 - Bond Market & The Debt Crisis
14:25 - Ad Break: Ethos
15:47 - The AI CapEx Bubble
26:23 - Gold, Silver & Mining Stocks
29:11 - IRS Lawsuit & Bank Documentary
32:12 - Ad Break: Rockwell Automation
33:35 - Elizabeth Warren's AI Tax Proposal
47:28 - Strategy, Bitcoin & The Coming Bust
57:25 - Tokenized Gold vs Bitcoin
58:42 - Summer Sign-Off & 250th Anniversary

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 #DebtCrisis #GoldInvesting

Our Sponsors:
* 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

Trump says best economy in 250 years. Consumer sentiment just hit an all-time low. Saylor just went underwater on $64B. Pick a story.

Kevin Warsh was sworn in as Fed Chair today while the Dow hit a record 50,700 — and Peter Schiff fact-checked virtually every claim Donald Trump made at the ceremony in real time. Trump called it the greatest economy in 250 years of American history; consumer sentiment responded by hitting 44.8, the lowest reading ever recorded. Year-ahead inflation expectations surged to 4.8% and 10-year expectations hit 3.9%, demolishing the Fed's claim that expectations remain "well anchored" at 2%.

Gold closed the week at $4,508 with silver at $75.39, both pressured by rising bond yields — with the 30-year still above 5% and the 10-year above 4.5%. Schiff argues these pullbacks are buying opportunities as real rates continue to collapse. Bitcoin dropped below Michael Saylor's $75,700 average cost basis for the first time, meaning five years and $64 billion of buying has produced zero return — while the Stretch preferred stock continues to compound an 11.5% annual obligation regardless. Schiff dissects Trump's lies about job creation, tariff benefits, government spending cuts, and the claim that fired federal workers are now earning double or triple in the private sector.

Chapters:
00:00 Warsh Takes the Helm
01:38 Dow 50K Hype Check
03:42 Gold and Silver Pullback
05:12 Yields Mortgages and Oil
07:44 Bitcoin Decouples and Strategy Risk
11:00 Consumer Sentiment Hits Record Low
16:11 Trump Speech Fact Check Begins
16:30 Massie Lies and Deficit Hypocrisy
21:30 Jobs Numbers Reality Check
22:07 Fed Independence Spin
23:11 Booms Bubbles and Inflation
24:31 Dow Rally Credit Grab
26:16 Spending Cuts Claim Debunked
26:48 Fired Workers Fairy Tale
29:33 Foreign Investment and China Deals
32:26 Tariffs and the Mythical Boom
33:50 Pessimism vs Trump Prosperity
35:43 Crisis Warning and Gold Pitch
37:00 Bitcoin Exit and Mining Stocks
39:25 Rates Tailwind 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

Get more gold & silver now: https://www.schiffgold.com
1-888-GOLD-160 (465-3160)
Open a T Gold account: https://www.tgold.com
Open a managed account: https://europac.com
Listen to The Peter Schiff Show: https://schiffradio.com
Follow the main channel: https://youtube.com/peterschiff

Our Sponsors:
* 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

Gold and silver pull back as WTI tops $107 and the 30-year hits 5.14% — Peter says plunging real rates make this dip a gift.

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

This episode is also sponsored by ExpressVPN. Get an extra 4 months free. http://expressvpn.com/gold

Peter Schiff goes live to break down the market moves since Wednesday's podcast, with gold and silver pulling back as oil surges past $107 WTI and bond yields punch higher — the 10-year at 4.62% and the 30-year at 5.14%. Schiff argues the short-term selloff is being driven entirely by the nominal yield move, but with inflation accelerating, real rates are actually plunging — a setup that is deeply bullish for precious metals and exactly the buying opportunity stackers have been waiting for. He points to the positively sloped yield curve across every maturity as the bond market's clearest signal yet that higher rates and higher inflation are still ahead.

Schiff also delivers another Bitcoin reality check, walking through BTC's ongoing underperformance versus gold and the recent debates around long-term holdings, and explains why physical metals remain the only credible vehicle for real wealth preservation. The episode wraps with the latest on exploding deficits and a ballooning government, why true conservatives — and gold owners — are needed now more than ever, and fresh insights from SchiffGold on Comex flows and the increasingly urgent case for a return to sound money.

Our Sponsors:
* 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

PPI hit 6%, yields hit 19-year highs, and gold dropped 4%. Traders are selling on the most bullish data gold has ever seen.
Gold fell 4% and silver dropped 10.5% on the week despite the most bullish inflation data in years. Peter Schiff explains why traders have it exactly backwards: April PPI surged 1.4% month-over-month — nearly the entire 2% annual target in a single month — pushing producer prices to 6% year-over-year. Core PPI tripled expectations at 1.0%, annualizing to 12.5%. Import prices jumped 1.9% on the month, proving Americans are paying every cent of the tariffs, while export prices exploded 3.3%, signaling internal US inflation pressure across the board.
The 30-year Treasury yield closed at 5.12%, a 19-year high, while the 10-year hit 4.59%. Algorithms are selling gold because they see rising yields as bearish — but Schiff argues they're completely missing that real interest rates are collapsing because inflation is rising faster than nominal rates. The Fed's easing bias in the face of 6% PPI is itself a form of monetary easing. Oil closed at $105 with no end to the Iran war in sight, Bitcoin is down 12.5% year-to-date, and the AI/crypto bubble is one bond market shock away from popping. Schiff's call: back up the truck on gold, silver, and mining stocks while traders are giving them away.

Follow @peterschiff
X: https://twitter.com/peterschiff
Instagram: https://instagram.com/peterschiff
TikTok: https://tiktok.com/@peterschiffofficial
Facebook: https://facebook.com/peterschiff

Get more gold & silver now: https://www.schiffgold.com
1-888-GOLD-160 (465-3160)
Open a T Gold account: https://www.tgold.com
Open a managed account: https://europac.com
Listen to The Peter Schiff Show: https://schiffradio.com
Follow the main channel: https://youtube.com/peterschiff

Our Sponsors:
* 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

PPI doubled estimates at 1.4%, yields broke 5% on $39T debt, and CNBC says sell gold stocks — that's the best buy signal I've ever seen.

This episode is sponsored by NetSuite. Download Netsuite’s free business guide Demystifying AI at https://netsuite.com/gold

This episode is also sponsored by Outskill. Bonuses worth $5100+ if you join and attend. Grab your free seat to the 2-Day AI Mastermind: https://link.outskill.com/PETERSCHIFFAP4

Kevin Warsh was confirmed as the new Fed Chair and immediately inherited a stagflation crisis: April PPI came in at 1.4% month-over-month — double the high end of estimates — pushing producer prices to 6% year-over-year. Core PPI tripled expectations at 1.0%, an annualized 12.5% rate. The CPI the day before showed 0.6% monthly with year-over-year inflation climbing to 3.8%. The 30-year Treasury yield broke above 5% for the first time in 19 years, with a bond auction requiring a 5% coupon — but unlike 2007 when the debt was $9 trillion, today it's $39 trillion.

Peter Schiff argues real interest rates are crashing even as nominal rates rise, making the environment extremely bullish for gold and silver — with silver hitting $89 intraday and leading gold for the first time this cycle. He highlights CNBC analysts recommending viewers sell gold stocks as a perfect contrarian buy signal, dismantles Trump's proposed ban on corporations buying homes as socialist policy, defends Jeff Bezos against critics who blame him rather than consumers for disrupting small businesses, endorses Thomas Massie's congressional primary fight, and promotes his new 10-minute FOIA evidence video exposing the IRS conspiracy to destroy Euro Pacific Bank.

Chapters:
00:00 Cold Open Montage
00:55 Show Begins Tech Issues
01:27 New Fed Chair Firestorm
03:26 CPI Breakdown April
05:24 PPI Shock And Stagflation
07:59 Trump Inflation And Politics
09:43 Bond Yields Debt Trap
13:20 Fed QE Dilemma
15:39 Ad Break NetSuite AI
17:01 Markets Misread Inflation
18:38 Real Rates Gold Silver
23:12 Metals Boom Copper Oil
24:51 Tariffs Beef And Constitution
29:09 Ad Break Outskill AI
31:42 Stocks Ignore Inflation Bubble
32:18 Bubble Mentality Critique
33:10 CNBC Chart Pattern Trap
34:30 Gold Stocks Contrarian Buy
35:38 Mining Stocks vs AI Hype
36:15 Trump Housing Ban Backlash
37:46 Why Rentals Need Investors
39:19 Backing Thomas Massie
42:25 Trump Grip on GOP
43:08 Trump China Summit Skepticism
45:05 Defending Bezos and Amazon
46:20 Consumers Drive Competition
49:07 Living Wage Reality Check
53:35 Rigged Playing Field Factors
55:31 Puerto Rico Inventory Tax
57:36 FOIA Bank Conspiracy Video
59:05 Demanding Government Accountability
01:00:35 Wrap Up and Next Plans

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 #Inflation #GoldInvesting

Our Sponsors:
* 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