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The Peter Schiff Show Podcast

Fed ADMITS They're TOTALLY WRONG About Inflation

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, News, Business News, Investing

4.65.9K Ratings

🗓️ 19 March 2026

⏱️ 63 minutes

🧾️ Download transcript

Summary

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.


- This episode is sponsored by InvestingPRO. Get 55% o𝗳𝗳 + a𝗻 𝗘𝗫𝗧𝗥𝗔 𝟭𝟱% off with my code PETERSCHIFF at checkout! https://www.investing-referral.com/peterschiff/

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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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Transcript

Click on a timestamp to play from that location

0:00.0

You make no friends in the pits and you take no prisoners.

0:05.2

One minute, you're up half a million in soybeans and the next boom.

0:07.6

Your kids don't go to college and they've repossessed your Bentley.

0:09.5

Are you with me?

0:10.2

The revolution starts now.

0:12.5

Starts now.

0:14.0

We have to pass the bill so that you can find out what is in it.

0:18.1

Turn those machines back on.

0:20.5

You are about to enter The Peter Schiff's show.

0:24.0

Show.

0:25.9

If we lose freedom here, there's no place to escape to.

0:28.5

This is the last stand on Earth.

0:29.8

The Peter Schiff Show is on.

0:31.8

I don't know when they decided that they wanted to make a virtue out of selfishness.

0:35.7

Your money.

0:36.8

Your stories. Your stories.

0:37.9

Your freedom.

0:39.0

The Peter Ships Show.

1:00.9

Well, earlier today, the Federal Reserve did exactly what everybody expected them to do,

1:02.4

including yours truly.

1:06.1

And that was leave interest rates unchanged.

1:13.8

The Fed funds rate remains at three and a half to three and three quarters. Of course, the right thing to have done would have been a substantial rate hike, but of course, that did not happen.

...

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