Inflation Doubled, Yields Hit 19 Year High, Gold Trashed. SETUP of a LIFETIME
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 14 May 2026
⏱️ 62 minutes
🧾️ Download transcript
Summary
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.
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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
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Transcript
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| 0:00.0 | Make no friends in the pits and you take no prisoners. |
| 0:04.8 | One minute, you're up half a million in soybeans and the next boom. |
| 0:07.2 | Your kids don't go to college and they've repossessed your Bentley. |
| 0:09.2 | Are you with me? |
| 0:09.8 | The revolution starts now. |
| 0:12.2 | Starts now. |
| 0:13.6 | We have to pass the bill so that you can find out what is in it. |
| 0:17.8 | Turn those machines back on. |
| 0:20.1 | You are about to enter The Peter Schiff's show. |
| 0:23.7 | Show. |
| 0:25.5 | If we lose freedom here, there's no place to escape to. |
| 0:28.1 | This is the last stand on Earth. |
| 0:29.5 | The Peter Schiff Show is on. |
| 0:31.4 | I don't know when they decided that they wanted to make a virtue out of selfishness. |
| 0:35.3 | Your money. |
| 0:36.4 | Your stories. |
| 0:40.3 | Your freedom. The Peter Schiff's show. Hi everybody. Sorry about the late start. We've been going for about 30, 40 minutes trying to fix some technical difficulties here in the studio. We resolved everything except the mics. So unfortunately, the sound might not be quite what it normally is. I'm just using my |
| 1:13.9 | laptop. I didn't have time to run to get a mic. So hopefully it's good. I've got a radio show that I'm doing |
| 1:20.6 | right after this podcast. And so I was running out of time. But anyway, I got a lot to talk about. So let's get |
| 1:26.5 | right into it. First of all, today was the |
| 1:30.6 | day that Kevin Walsh finally got approved as the new Fed chairman. And he is really walking into a |
| 1:40.3 | firestorm at the Fed. I mean, you know, couldn't have been a worse time probably to get the job given that he is |
... |
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