Market Minute Overtime: Peter Schiff

Peter Schiff is sounding the alarm on the economy - if tariffs hold. Schiff says the U.S. is barreling toward its worst economic crisis since the Great Depression fueled by President Trump’s trade policy. He argues that tariffs are a hidden tax on American consumers, warning that steep price hikes on imports will crush consumer demand and trigger massive layoffs and a wave of bankruptcies. He says the U.S. economy, already weakened by debt and dependence on foreign goods, cannot absorb the dual blow of soaring inflation and rising interest rates, what he calls the recipe for a financial collapse.

The Fed on The Ropes

Schiff believes the Federal Reserve is backed into a corner, predicting it will resort to aggressive money printing to finance ballooning deficits as debt refinancing costs spike. He warns that quantitative easing will not buy time as it has in the past but will instead send inflation "through the roof." Unlike the 2008 crisis or the COVID-era downturn, Schiff says this time the damage is structural: America lacks the savings, manufacturing base, and fiscal discipline needed to rebound. 

Bullish on Gold

While sounding the alarm on U.S. markets, Schiff is bullish on one sector: gold. He says gold mining stocks in particular are historically undervalued and poised for upside as investors flee riskier assets and a weakening dollar. Schiff contends that retail investors have missed the boat, distracted by shiny things like bitcoin and tech stocks, while central banks quietly accumulate the precious metal.