Show Notes
September prices rose 0.6%, or 7.4% annualized. Peter Schiff explains why the Fed has already lost the inflation fight and housing is next.
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September prices rose 0.6% in a month. Annualized, that is 7.4% inflation, and Washington never reports it that way.
Peter Schiff breaks down the September CPI report: a 0.6% monthly gain, 3.7% year over year, and a hotter-than-expected core reading. Washington annualizes GDP to make it look bigger but never annualizes inflation. Markets sold off across bonds, gold, silver and tech, and the odds of an October rate hike jumped from about 15% to over 40%. Peter explains why Fed Chair Kevin Warsh is a dove in hawk's clothing, with one 25 basis point hike in five months while the money supply and balance sheet keep growing. The Fed has already lost the inflation fight, which makes the sell-off in gold and silver a buying opportunity.
He traces the spiral: deficits drive inflation, inflation drives rates, and higher rates widen the deficits again. With the 30-year mortgage above 7.5% and Fannie Mae and Freddie Mac down more than 20% in three days, home prices have to fall. Plus the Beige Book's stagflation signal, 479 new 52-week lows against 60 new highs, and why Richard Heart's arrest confirms Peter's call on HEX.
Chapters: 00:00 Deficit Inflation Spiral 01:02 CPI Shock Breakdown 03:47 Markets React Rate Hike Odds 07:28 Gold Mispriced Opportunity 08:08 Fed Hawk Talk Exposed 10:18 Why Bonds Lose to Inflation 14:24 Housing Standoff Fannie Freddie 16:36 QE Return Dollar Risk 17:18 Buy the Dip Pitch 18:37 Inflation Hawks Smoke Mirrors 21:24 Socialism vs Capitalism Defined 28:20 Trump Ceasefire Reality Check 31:36 Tariffs and 5000 Check Promises 35:27 AI Work Guide Plug 36:10 Beige Book Stagflation 37:16 Stock Market Reality Check 39:18 Big Banks Double Standard 43:32 AmEx Deal Fallout 46:01 Debanking And Politics 48:22 Smoking Gun Email 57:44 FOIA Evidence Trail 01:00:11 Media And Government Corruption 01:05:54 Nick McKenzie Theory 01:12:21 Crypto Fraud Arrest 01:14:16 Gold Silver Signoff
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