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Schiff w/ Diesen: Defaulting and Inflation are Our Only Options

Interviews | SchiffGold | 19 Oct, 2026

In his latest interview with Glenn Diesen, Peter tackles the narrative that the US economy is thriving simply because President Trump insists it is. He walks through the deeper rot underneath the surface-level boasting, covering America’s addiction to debt, the unsustainable trade deficit, China’s retreat from US Treasuries, and the looming reality that the national debt can never be repaid in honest terms. They close with an analysis of Bitcoin’s shaky footing amid a broader market slump.

Bitcoin China debt default Economic Instability foreign debt Glenn Diesen government spending inflation interest rates national debt Peter Schiff sovereign debt crisis trade deficit Treasury bonds US dollar US economy