Peter Schiff: “The Fed Has Already Lost The Battle Against Inflation” & BTC vs GOLD Debate
Bitcoin Magazine Peter Schiff: “The Fed Has Already Lost The Battle Against Inflation” & BTC vs GOLD Debate Peter Schiff says the bond market didn't break recently, it broke in 2020, and everythi...
Peter Schiff says the bond market didn't break recently, it broke in 2020, and everything since has been a slow unwind.
Peter Schiff says the bond market didn’t break recently, it broke in 2020, and everything since has been a slow unwind. Across this conversation with Grace Remington and Sean Hagan, he connects rising Treasury yields, the Fed’s expected rate decision, the dollar’s loss of purchasing power, and the central bank rush into gold. He argues that a stock selloff driven by higher rates would be deeply bearish for Bitcoin and the broader crypto market, and that political capital in Washington has already turned against it. The episode ends with Schiff and the hosts going head to head on whether anything actually backs Bitcoin.
00:00 — Peter Schiff says the bond market already broke in 202001:44 — How long the Treasury bear market could realistically last04:18 — What Schiff would enact to actually bring inflation down06:32 — Spending cuts, higher rates, and the recession nobody will accept07:39 — Are we in the early stages of a dollar crisis?08:26 — Rate hike odds and whether Warsh surprises the market10:51 — Why Schiff calls it a cosmetic hike with no credibility behind it12:33 — Why gold ran to 5,500 while Bitcoin lagged 23% off its highs14:20 — Bitcoin priced in gold and the case that it peaked in 202117:29 — Tokenized gold vs Bitcoin: counterparty risk and what backs money
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