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Oil prices are exploding past $93 a barrel as Trump's unconditional surrender demand sends shockwaves through markets—but here's the real inflation culprit nobody's talking about, and why the Fed's rate cuts are about to make everything worse.

- This episode is sponsored by Pebl. Go to https://hipebl.ai to get a free estimate.

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Peter Schiff analyzes the massive oil price surge following Trump's Iran war, with crude jumping from $90 to over $119 per barrel before pulling back slightly as countries coordinate strategic petroleum reserve releases. Schiff argues that while rising oil prices don't directly cause inflation, the government's monetary and fiscal response to fund the war and rebuild Iran will trigger massive money printing and borrowing, creating real inflation across all goods. He criticizes Trump's economic lies, including false claims about $18 trillion in foreign investment and job creation numbers that show only 181,000 jobs created in 2025 versus 2.2 million under Biden's final year.

Schiff expresses outrage over Trump's campaign against Congressman Thomas Massey in Kentucky, calling Massey "the best congressman we have" and the only Republican who truly stands for constitutional principles, limited government, and fiscal responsibility. He explains that Massey voted against Trump's "big beautiful" tax bill because it increased spending without corresponding cuts, making it a disguised tax hike rather than genuine tax relief. Schiff sees Trump's attack on Massey as proof that Trump opposes real conservative principles, preferring rubber-stamp politicians over principled representatives who honor their constitutional oath.

Chapters:

00:00:00 Show Cold Open

00:00:55 War and Oil Shock

00:09:45 Inflation and Fed Blame

00:16:20 Unconditional Surrender Walkback

00:21:57 Dollar Power and Gold Outlook

00:29:31 Mining Stocks Selloff

00:31:14 Oil Spike and Profits

00:32:24 How to Buy Exposure

00:33:41 CPI and Inflation Reality

00:37:27 Massey Trump and Media

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