Peter Schiff: The Fed Can Talk, But It Can’t Act
Peter's Podcast | SchiffGold | 06 Nov, 2026
On Tuesday’s podcast, Peter breaks down the sharp correction hitting gold and silver after their historic run higher, and uses it as a launching pad to question whether the Federal Reserve has any real intention of fighting inflation. He also takes aim at Washington’s spending habits, arguing that neither party is serious about shrinking government, and closes with a memorable metaphor comparing the Fed to the powerless wizard behind the curtain in the Wizard of Oz.
debt spiral
Fed credibility
Federal Reserve
financial crisis
gold correction
Gold Prices
government spending
inflation
interest rates
Kevin Warsh
monetary policy
money printing
national debt
Peter Schiff
precious metals
purchasing power
silver correction
silver prices