Consumer Sentiment Just Hit an All-Time Low. Trump Calls it Best Economy Ever.

Trump says best economy in 250 years. Consumer sentiment just hit an all-time low. Saylor just went underwater on $64B. Pick a story.

Kevin Warsh was sworn in as Fed Chair today while the Dow hit a record 50,700 — and Peter Schiff fact-checked virtually every claim Donald Trump made at the ceremony in real time. Trump called it the greatest economy in 250 years of American history; consumer sentiment responded by hitting 44.8, the lowest reading ever recorded. Year-ahead inflation expectations surged to 4.8% and 10-year expectations hit 3.9%, demolishing the Fed's claim that expectations remain "well anchored" at 2%.

Gold closed the week at $4,508 with silver at $75.39, both pressured by rising bond yields — with the 30-year still above 5% and the 10-year above 4.5%. Schiff argues these pullbacks are buying opportunities as real rates continue to collapse. Bitcoin dropped below Michael Saylor's $75,700 average cost basis for the first time, meaning five years and $64 billion of buying has produced zero return — while the Stretch preferred stock continues to compound an 11.5% annual obligation regardless. Schiff dissects Trump's lies about job creation, tariff benefits, government spending cuts, and the claim that fired federal workers are now earning double or triple in the private sector.

Chapters: 00:00 Warsh Takes the Helm 01:38 Dow 50K Hype Check 03:42 Gold and Silver Pullback 05:12 Yields Mortgages and Oil 07:44 Bitcoin Decouples and Strategy Risk 11:00 Consumer Sentiment Hits Record Low 16:11 Trump Speech Fact Check Begins 16:30 Massie Lies and Deficit Hypocrisy 21:30 Jobs Numbers Reality Check 22:07 Fed Independence Spin 23:11 Booms Bubbles and Inflation 24:31 Dow Rally Credit Grab 26:16 Spending Cuts Claim Debunked 26:48 Fired Workers Fairy Tale 29:33 Foreign Investment and China Deals 32:26 Tariffs and the Mythical Boom 33:50 Pessimism vs Trump Prosperity 35:43 Crisis Warning and Gold Pitch 37:00 Bitcoin Exit and Mining Stocks 39:25 Rates Tailwind and Sign Off

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