The Peter Schiff Show Podcast Fed ADMITS They're TOTALLY WRONG About Inflation
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Mar 19, 2026 They dissect the Fed's decision to hold rates despite a shockingly high PPI print and argue inflation is spiraling. They claim the selloff in gold and silver is a rare buying opportunity. They highlight collapsing mortgage demand and growing risks at Fannie and Freddie. They warn rising debt and wartime spending could make inflation worse while the Fed clings to wishful thinking.
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Producer Prices Surge Before Oil Shock
- February PPI jumped 0.7% month‑over‑month, more than double expectations, signaling producer costs are surging before wartime oil shocks.
- Peter Schiff notes annualizing that month implies ~8.4% inflation and core PPI year‑over rose to 3.9%.
Hot Inflation With No Hikes Is Bullish For Gold
- The market sold gold after hot PPI because traders repriced expected Fed cuts, but Schiff argues rising inflation with static Fed policy creates falling real rates.
- He says negative real rates are extremely bullish for gold and today's selloff is a buying opportunity.
Housing Bubble Bigger Than 2000s
- Mortgage applications collapsed, driven by an 18.5% drop in refinances and rising mortgage rates despite Fed MBS purchases.
- Schiff warns the housing bubble is larger than the 2000s and falling prices will create massive GSE losses.