Peter Schiff delivers a stark warning: America is headed for the biggest economic crisis of our lifetimes - not a stock market crash, but a dollar collapse leading to an inflationary depression. He explains why gold hitting $4,300 and silver above $66 are screaming signals of an impending currency crisis, responds to Trump's personal attack calling him a "jerk" and "loser" on Truth Social, and breaks down why both Trump and Biden caused the inflation crisis through massive deficit spending and Fed money printing. Schiff reveals why he's positioned his portfolio for a dollar crash (up 60-120% this year in precious metals), predicts a radical left Democrat will win in 2028, and explains the dark reality: Americans will experience a poor country's economy but with higher prices - unless they protect their wealth now with gold, silver, and foreign assets.
This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia
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Timestamps:
00:00 Intro and welcome Peter Schiff
01:19 Big picture macro view: America's bleak outlook
04:00 Gold and silver screaming currency crisis is coming
07:04 Prediction: Radical left Democrat in White House 2028
08:39 Peter's reaction to Trump's Truth Social attack
10:19 Trump's ridiculous claim that prices are coming down
11:37 Biden and Trump both caused inflation crisis
13:40 Trump's "big beautiful bill" making deficits worse
15:00 Republicans in trouble for 2026 midterms
16:28 Trump is not a real conservative or capitalist
22:12 Affordability crisis and government spending problem
23:33 No politically viable way to right the ship
25:00 We need higher interest rates, not lower
27:28 Gold up 65%, silver up 120% this year
28:30 Why "perma bear" label is wrong
30:00 The dollar crash Peter has been predicting
32:22 Investors moving money overseas from US stocks
34:02 How gold skyrocketing pulls rug from under dollar
36:08 Dollar reserve currency status ending
38:22 Inflationary depression: weak economy, high inflation
44:31 How everyday Americans will be impacted
47:09 Early innings for gold and silver
53:41 What Peter wishes he said on Tucker
56:20 Capitalism blamed for socialism's damage
57:59 Wrap up and appreciation