Glenn Diesen - Greater Eurasia Podcast Peter Schiff: Iran War Creates Chaos in the World Economy
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Mar 6, 2026 
Peter Schiff, CEO of Euro Pacific Asset Management and outspoken macro commentator, offers a brisk take on global economic fallout. He discusses how war with Iran rattles fragile US finances and energy markets. They cover geopolitical escalation, risks to the petrodollar and de-dollarization, and why some industries stand to gain while most suffer.
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War Amplifies Existing U.S. Economic Weakness
- Peter Schiff says the Iran war compounds an already weak U.S. economy, worsening job losses and inflation.
- He cites February jobs down 92,000 and oil near $90/barrel, driving higher consumer costs and recessionary risk.
War Financing Fuels Inflation And Dollar Risk
- Schiff argues wars are inflationary because governments fund them with debt and money printing.
- He warns prolonged conflict means bigger deficits and expanded currency issuance that undermine the dollar.
Trump Accused Obama Then Repeated The Same Script
- Schiff recalls Donald Trump accusing Obama of starting wars to distract from domestic troubles and suggests Trump may now be doing the same.
- He references Trump's past X posts and notes Epstein files and tariff failures were knocked off headlines by the war.