Schiff vs. Pompliano: Tariffs Don’t Help Consumers!

In a recent episode of Anthony Pompliano’s Pomp Podcast, Peter debates Anthony on a host of issues, ranging from the merits of Bitcoin to who pays the bills for tariffs. Throughout the debate, Peter’s incisive rhetoric cuts through the mainstream narratives on the dollar and protectionism, undercutting the White House’s and the Fed’s harmful policies. 

Peter opens by taking personal stock of being early on his warning and why that doesn’t change the thesis about sound money and inflation risk:

First of all, what’s happening now proves that I wasn’t wrong for a decade. I was right for a decade. It just took a decade for the markets to figure out what I already knew. But even if you go back and look at my investment returns over the past ten years, I’m well ahead of the S&P 500. All the gain happened in the last year and a half, but who cares, right? What matters is where we are right now, and I am financially way better off having been ten years early than had I just missed it.

Peter frames the current move not as a speculative rotation but as a broad shift out of dollars into tangible stores of value, including industrial and agricultural commodities as well as precious metals: