Bitcoin Debate: Pomp DESTROYS Peter Schiff

The Pomp Podcast

Anthony Pompliano

Investing, Business

4.6 • 2K Ratings

🗓️ 23 July 2026

⏱️ 82 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

Peter Schiff is the host of The Peter Schiff Show podcast and a longtime economist and gold advocate. In this conversation, we break down real inflation versus the official CPI, the Fed's political motivations, and whether AI and tariffs are inflationary or deflationary. We also cover the Iran war's impact on oil, Social Security's looming collapse, and a five-year bet on bitcoin versus gold.

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0:00 - Intro
0:50 - How high is inflation really right now?
14:36 - AI, robotics, tariffs & deportations: deflationary or not?
25:24 - Will the Iran war make inflation worse?
33:40 - Could inflation hit double digits? (Trump vs. Biden blame)
40:29 - Social Security's looming collapse
50:14 - Does Peter Schiff own bitcoin?
52:43 - Bitcoin vs. gold: the real performance numbers
1:00:45 - The bitcoin vs. gold bet
1:05:40 - The "Crazy Uncle Portfolio"
1:10:02 - What's actually in Peter Schiff's portfolio?
1:18:54 - Outro

Transcript

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0:00.0	2030,000 is still a big number for Bitcoin. It's a lot to pay for nothing. And if you look at the long-term trend line, that's about where the support is. If you believe what you're saying, let's make a bet. If from today, if Bitcoin outperforms gold, then you give me a Bitcoin. But if Bitcoin does not outperform gold, I'll give you a Bitcoin. What's going on, guys? Today we got a great conversation with the one and only legendary Peter Schiff.
0:23.8	Now, Peter Schiff is the host of the Peter Schiff Show podcast, great podcast. He's here, and I just give him a beaten. Intellectually, this is just a absolute nightmare for him. We talk about the Fed. We talk about inflation. We talk about equity markets, about gold, Bitcoin, anything and everything that you want to know about finance and the economy. We probably talked about it. And I'm telling you, I got him to admit all kinds of crazy stuff. And I think that you're going to enjoy this conversation. So here's the latest one with Peter Schiff. All right, Peter, what do you think inflation is right now in the United States of America?
0:55.0	What I think it is?
0:56.0	I think it's a big problem.
0:57.0	I think it's a tax.
0:59.0	It is the way the U.S. government is currently funding a significant percentage of its spending.
1:07.0	But what level do you think inflation is?
1:09.0	Oh, I get a number?
1:10.0	Yeah, the inflation numbers have come down recently. People are celebrating, But when I go out in the street and I talk to people, they say that inflation is incredibly high because everything is so expensive. Well, it is expensive. I mean, you know, just drive it in here. I, you know, I had a driver and, you know, and I was this 40 bucks an hour.
1:28.9	And I said, well, I thought I, I thought it was 30.
1:30.5	I remember it being 30.
1:31.6	Because, well, you know, inflation, you know, so they raised their, they raised their prices.
1:35.1	I mean, the price of everything is going up.
1:39.5	And, you know, I mentioned on my own podcast, I think last week, the same week that we got the CPI and the
1:46.4	PPI and the markets were relieved that these numbers were better than expected and they were
1:53.3	declines.
1:54.0	That same week, they released the import-export prices.
2:05.2	And while the CPI was up three and a half percent you over year, which is still three and a half percent is not nothing, right? I mean, but import prices
2:12.3	were up 7.1 percent year over year. And that doesn't count tariffs, just without the tariffs.
2:17.9	Import prices are up 7.1%.
2:19.8	Export prices are up over 10%.
2:22.3	Those numbers, to me, seem a lot more reflective of what consumers are actually paying.
	...

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