On the latest episode of the Peter Schiff Show, Peter dives into a week of new inflation data. He calls out the shaky foundations of the so-called “strong” economy, criticizes foreign central bank policy, and explains how inflation masks the benefits of economic growth.
To start, Peter reports alarming deficit numbers for the 2025 fiscal year:
During the first two fiscal months of 2025, because we’re already in that fiscal year, the budget deficit in those two months alone was six hundred and twenty four billion dollars. That’s a 65% increase over the same two months a year ago. In fact, the first time that the United States government ran a six hundred and twenty four billion dollar deficit for an entire year, not just for two months, but for an entire year, was 2009, right after the 2008 financial crisis.
These figures clash with the official narrative that the economy is doing well. If that’s really …