Dollar Lost Every Penny It Gained From the War — The Crack Is Starting

In this week's episode of The Peter Schiff Show, Peter Schiff delivers a critical analysis of the current economic landscape, arguing that the U.S. dollar is losing its global dominance and that the fundamentals for gold and silver are stronger than ever. He critiques the Federal Reserve's track record, particularly under Jerome Powell, highlighting the 40-year expansion of the money supply from $1.5 trillion to $22 trillion and the resulting inflation, which he attributes not to supply shocks from the pandemic but to excessive monetary expansion. Schiff dismisses the idea that inflation is under control, pointing to the rigged CPI methodology and the fact that inflation averaged 3.2% over the past four decades—well above the Fed's 2% target. He warns that rising bond yields and a strong stock market are masking deeper economic weaknesses, including stagflation, massive trade deficits, and a collapsing dollar. Schiff sees the current market complacency as a buying opportunity, especially for gold and silver, which he believes will surge when the stock and crypto markets crack. He also criticizes the rise of speculative assets like MicroStrategy and Bitcoin, calling them Ponzi-like bubbles that will eventually collapse, diverting attention from the real safe haven: gold. Finally, he promotes Shift Gold’s new app as a tool for easier access to precious metals, urging listeners to buy now before the masses catch on.