Trump threatened to destroy Iran's civilization by 8pm — instead he got a ceasefire that concedes nothing. The threats were always empty.

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Trump's Tuesday deadline to destroy Iran's civilization came and went with a Pakistan-brokered ceasefire instead of the promised hellfire. Peter Schiff breaks down how the president's escalating threats — from bombing bridges and power plants to wiping out an entire civilization — collapsed into a two-week truce that concedes nothing from Iran's side.

Markets swung wildly on the drama: the Dow dropped 400 points intraday before rallying nearly 1,000 points on ceasefire news, oil cratered 15.5% back to $95 after touching $115, and gold surged $60 despite the supposed "peace" — proving the market is trading the Fed, not the war. Schiff argues rate cuts are coming regardless of inflation, that oil will never return to $60, and that the dollar's reserve currency status is being actively dismantled as countries like France pull gold from U.S. custody. He also reveals the IRS is refusing to comply with a federal judge's FOIA ruling ordering release of documents from the Euro Pacific Bank investigation.

Chapters:

00:00 Show Intro

00:55 Trump Deadline Drama

05:33 Markets Call the Bluff

08:32 Pakistan Ceasefire Rumors

12:22 Trump Two Week Pause

16:20 Iran Ceasefire Terms

19:15 Iran Statement Readout

22:19 Civilian Targeting Critique

29:01 Dollar Power and Blowback

32:05 Scaling Gold Production

32:52 Gold Moves on Rate Cuts

35:14 Oil Prices vs Real Inflation

37:32 War Risk Premium Sticks

40:53 Weak Data and CPI Ahead

44:57 Polls Signal Economic Pain

50:49 Ditch Dollars Buy Metals

52:44 Mining Stocks Next Leg

55:33 FOIA Win IRS Fights Back

01:03:29 Transparency Battle Wrap Up

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Oil hits $112 as Trump vows to bomb Iran into the Stone Age — and the jobs data everyone's celebrating is hiding a collapsing labor market.

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Peter Schiff records from the British Virgin Islands, breaking down the latest economic data against the backdrop of the escalating Iran war. The March jobs report showed 178,000 jobs added — well above the 51,000 estimate — but Schiff argues the number is misleading, noting that 43% of new jobs were in healthcare, a sign of a sicker nation rather than a stronger economy. He highlights the weakest wage growth in five years at 3.5% year-over-year and the lowest labor force participation in five years at 61.9%.

Oil prices surged to $112 per barrel amid Trump's pledge to "bomb Iran back to the Stone Age" over the next two to three weeks, with the service sector PMI falling into contraction at 49.8. Schiff warns that stagflation is now undeniable and that oil-driven inflation will force massive government spending and money printing, ultimately crushing the dollar and sending gold well above $5,000. He criticizes Trump's economic lies, the Supreme Court's ruling striking down Liberation Day tariffs as unconstitutional, Warren Buffett's Fed praise, and growing redemption freezes across investment funds as signs of a brewing financial crisis.

Chapters:

00:00 Cold Open and Intro

00:54 Vacation Setup and Holiday Markets

01:52 March Jobs Report Breakdown

06:44 Stagflation Signals in PMI and JOLTS

08:53 Oil Spike and Fed Policy Link

17:02 Weekly Market Wrap Gold Silver Miners

21:33 Trump Speech War Escalation Fears

30:18 Aftermath Leaving Strait to Allies

32:27 NATO Exit Debate

33:39 Dollar Risks and Metals

34:11 Springsteen Boycott Rant

36:27 Liberation Day Reality Check

37:47 Tariffs Ruled Unconstitutional

40:52 Funds Freeze Redemptions

43:39 Buffett on Inflation Targets

47:05 Fed Enabled Covid Policy

51:31 Trump Polls and Midterms

57:55 Prepare and Buy Gold

01:00:30 Podcast Wrap and Travel

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Peter Schiff reviews a volatile week in markets, arguing gold and silver likely put in a bottom after briefly breaking prior lows and closing higher. He contrasts that with major stock indexes sliding deeper into correction territory, which he says could turn into a bear market if the war drags on. Schiff focuses on oil as the key driver, tying price spikes to bond selloffs, rising Treasury yields, and renewed inflation pressure.

He criticizes shifting public messaging around the conflict and argues the economic and political costs will force an eventual endgame driven more by markets than diplomacy. Schiff also challenges the “Bitcoin as digital gold” narrative, pointing to Bitcoin’s weakness versus gold and warning of a sharper breakdown if key levels fail.

He closes by framing larger deficits, money printing, and policy responses as structurally bullish for precious metals, while warning that higher yields and inflation could stress housing, stocks, and the dollar.

Chapters:

00:00 Gold and Silver Bottom

01:12 War Headlines Whipsaw

05:13 Fed Rates vs Inflation

05:59 Stocks Slide Into Correction

10:22 War Costs and Deficits

12:15 Bitcoin Safe Haven Myth

13:47 Oil Yields and Bonds

16:38 Bitcoin Mortgages Risk

20:05 Dollar Weakness and Politics

30:33 Buy Gold and Wrap Up

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