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Peter Schiff: The Last Thing We Need is Another War

Peter's Podcast | SchiffGold | 05 Mar, 2026

On Tuesday’s episode of the Peter Schiff Show, Peter dismantles the claim that President Trump would end America’s wars and lays out why the recent escalation with Iran marks a sharp break from those promises. He moves from constitutional objections to the political incentives that promote conflict, and finishes by warning about the economic fallout — higher inflation, a weaker dollar, and why precious metals deserve a place in a prudent portfolio.

Peter begins by reminding listeners what Trump promised on the campaign trail and how reality has diverged from that promise:

The people who voted for Donald Trump thought that Trump was gonna end the wars; that was his big campaign slogan — no more wars, no more endless wars, no more wars in the Middle East. Donald Trump was a big critic of what happened with Iraq and all of our meddling in the Middle East; he said if he was president none of this would have happened, that he’s not there to start wars, his goal is to end wars…. Well, that is exactly what Donald Trump just did himself, and we are now at war with Iran.

He follows with a constitutional objection that will resonate with anyone who values limited government and the rule of law:

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