Schiff w/ La Roche: 1970s Stagflation is Calling

Peter recently appeared on The Julia La Roche show, addressing a broad audience about why he sees trouble ahead for the U.S. economy and what that means for savers. He covers the loss of confidence in the dollar, the role of the Federal Reserve as buyer of last resort, the political danger of tariffs, and how investors can protect themselves with non-dollar assets like quality companies and precious metals.

He opens with a blunt assessment of America’s economic trajectory and whom he’s thinking of when he talks about policy fallout and portfolios:

Well, I mean, from the perspective of Americans and the majority of my clients are Americans. They’re not all Americans, but I’d say, you know, certainly the majority are Americans. I assume most of your audience are Americans as well. And so the big picture from my perspective for America is actually pretty bleak, unfortunately. I mean, I think it’s been rather bleak for a while and we’ve managed to kick the can down the road for more years than I anticipated a couple of decades ago.

He points to recent moves in precious metals as a signal that global confidence in the dollar is eroding and notes oddities in the bond market at the same time: