Peter Schiff

Jobs Missed. Wages Stalled. Tariffs Failed. Bonds Fell Anyway. https://t.co/DTR0zU1kLb

Trump claims that if the Democrats win the midterms, which is very likely, we will have "an economic depression the likes of 1929." So despite his being able to veto anything they pass, the economy he now claims is the strongest ever will immediately collapse into a depression.

29,000 Jobs and Bonds Still Fell... The Bond Vigilantes Are Here https://t.co/krhQfMnEcY

Trump claims he "inherited the greatest inflation in history" from Biden. Since inflation acts with a lag, it was Biden who inherited the greatest inflation from Trump. Biden simply handed the inflation baton back to Trump, who will run with it until he hands it off in 2029.

After campaigning to reduce inflation, Trump has embraced it as our friend. His spin is that "inflation will pay off the debt very rapidly." That's convenient given how quickly he's running it up. Trump applied an old strategy to fighting inflation: if you can't beat it, join it.

Treasuries initially rallied following the weaker-than-expected jobs report, which sent the odds of an Oct. rate hike plunging. But as is typical in bear markets, the rally was sold, and Treasuries are now down on the day. The 10-year is back up to 5.27% and the 30-year to 5.63%.

Average hourly earnings rose just 0.1% in Sept., the smallest monthly rise in over five years. We don't have the Sept. CPI yet, but Aug. rose by 0.4%. Wages are clearly not keeping pace with prices, meaning that inflation takes a bigger bite out of paychecks. This is stagflation.

Not only were the 29K jobs created in Sept. below expectations, but as I predicted last month, July and Aug. were revised down by 31K and 29K respectively. My guess is that all three months will ultimately be revised even lower. We have a weak labor market with strong inflation.

When everyone else was writing off coal, Schiff Sovereign’s investment research featured what might have been the most anti-ESG company in the investment universe. And in oil, we featured companies that others had put in the "too difficult" bucket because of where they operate. That's because the team firmly believes the world will rely on fossil fuels for a long time to come, a point that should be obvious to all by now. With energy prices continuing to rise, our research features three energy companies that have more cash than debt and are well placed to benefit from higher prices. https://t.co/hDaPXsp3mw

In a few years the national debt will be $50 trillion. If by then we pay 8% interest, the annual bill will be $4 trillion, and annual budget deficits will likely be $6 trillion. How will we pay for that? Triple the income tax? Eliminate all entitlements and most federal programs?

The 10-year Treasury yield topped 5.33%, the highest since 2002. Our national debt in 2002 was just $6 trillion. Paying 5.33% on that entire amount would cost $319.8 billion annually. On today’s $40.1 trillion debt, it would cost $2.14 trillion annually—more than Social Security.

Myrna Lozada was sitting beside me when OCIF Commissioner Natalia Zequeira told me I did not need to inject additional capital into Euro Pacific Bank. Yet when OCIF later closed the bank for insufficient capital, Myrna refused to put what she had witnessed in writing. Myrna, of Goldman, Antonetti & Córdova, P.S.C., had represented the bank before OCIF since its move to Puerto Rico in 2017. We relied on her and her firm’s expertise to comply with OCIF’s requirements. At our November 2021 meeting with the Commissioner, I offered to inject $7 million. The Commissioner told me not to. She said the bank could continue operating with its existing…

This is how bear markets work. After an initial rally following a lower-than-expected rise in the Aug. PCE, Treasuries then sold off to new lows. The yield on the 10-year is now 5.3% and the 30-year 5.65%. It's still early in what will be the biggest bond bear market in history.

Every Crisis I Warned About Is Converging... This Is the End Game https://t.co/fjCzB2KGIu

Some of the most misunderstood companies are those that are ramping up or expanding production. Our investment research has recently featured two polymetallic miners that are in the middle of completely transforming their operations, yet remain off the radar and misunderstood by most investors. Our team walks subscribers through the investment case, the catalysts the market hasn't noticed, and the risks. https://t.co/FmqlhkzJ5D

OCIF quietly shut down a bank that it actually thinks facilitated money laundering, but called a press conference to announce the shutdown of my bank, despite admitting that they found no evidence of money laundering. The difference was pressure from the IRS on behalf of the ATO.

Personal income rose just .2% in Aug. as spending surged .9%. To make up the shortfall, consumers dipped into their shallow savings pool, causing the savings rate to plunge to 4.1%, the lowest since Nov. 2022. This explains low consumer confidence and why Dems will win this Nov.

The U.S. goods trade deficit soared 11.6% in Aug. to $132.68 billion, a 17-month high. It's the 4th biggest loss ever, with all three larger losses occurring in early 2025, as importers front-ran tariffs. By his own standard, Trump is the worst U.S. president in history on trade.

OCIF ordered the closure of Banex International Bank. Unlike my bank, Banex actually appears to be insolvent, and OCIF also accused it of money laundering. But no press conference to announce the action. OCIF only holds press conferences to announce the closure of innocent banks.

It's been four years and three months since the IRS and OCIF conspired to illegally shut down my bank and needlessly sacrifice thousands of innocent customers, most of whom lost their deposits not because of the bank, but because of corrupt regulators empowered to "protect" them.

Every Crisis I Warned About Is Converging... This Is the End Game https://t.co/CtFHP5SBoQ

Some of the most important strategic assets are also the most niche. Although gold, oil and copper may take the headlines, the Schiff Sovereign team look across the whole space to find the best opportunities. That process led us to feature a tin miner in July 2025, which has since risen 260%. It also led us to one of the few pure-play zinc investments available in the public markets, which we featured in November 2025 and has since risen 154%. The team continues to find opportunities like these today, and subscribers get full and immediate access to the whole archive as well as a 30 day money back guarantee. https://t.co/ebZytmkj5C

Sept. consumer confidence fell to 81.9, the lowest in over 12 years, including during the pandemic, with year-ahead inflation expectations rising to 5.1%. Meanwhile, a weak JOLTS report showed job openings in real estate falling to just 50,000 in Aug., the fewest since Feb. 2014.

Rising bond yields hit gold and silver hardest today, but traders have it wrong. The Fed's rate hikes won't be enough to slow inflation, but they will slow the economy, increase unemployment, and raise budget deficits. As inflation rises faster than rates, real rates will fall.

Shares of Fannie Mae and Freddie Mac are down over 73% since Trump pumped them up so friends and donors could dump. Those who didn't sell will be bagholders as privatization dreams die. Soaring mortgage rates will crash home prices, causing another round of GSE bailouts instead.

With the Strait of Hormuz disruptions top of mind, shipping companies, particularly those that carry oil, are earning record amounts. Our goal in Schiff Sovereign’s Strategic Assets, however, is not to be reactive but to position ourselves ahead of time. We featured two crude oil carrier companies in July 2023 and September 2024 because they had low breakeven costs, low debt and were primed to take advantage of an upswing in the cycle. They are now up 210% and 154% and are paying double-digit dividend yields at today's price. The team is currently positioned in other companies with similarly attractive risk/reward dynamics. https://t.co/wbM…

The yield on the 10-year Treasury just hit 5.27%. It first hit 5% exactly two weeks ago. At this rate, the yield will hit 6% by Nov. 5, just two days after the midterm elections. By then the interest rate on a 30-year mortgage will be over 8%. That'll be a major issue for voters.

Gold and silver are hammered this morning on the continued rise in bond yields. Gold is down just under $140 and silver is down almost $3. But a bond bear market is very bullish for precious metals, as it means a weaker U.S. economy, rising budget deficits, and higher inflation.

If you watch a politician being interviewed, you will notice that they never actually answer the questions they're asked. Instead, they simply deliver rehearsed sound bites that promote their political message and somewhat relate to the question, but don't actually answer it.

I asked Google AI to review all of the IRS emails on the https://t.co/fJeaqi6kvZ website and draw its own conclusion as to why my bank was shut down, based entirely on those emails. Here is the conclusion it reached: The factual conclusion drawn entirely from the government's own paper trail is undeniable: The administrative shutdown of Euro Pacific Bank was not the organic result of a routine local audit. It was an orchestrated, top-down enforcement mechanism driven by federal and international agencies to manufacture a public relations victory out of a multi-year criminal tax investigation that had entirely failed to find evidence of crimi…