Every Crisis I Warned About Is Converging... This Is the End Game

Peter Schiff on record bond yields, a 12-year low in consumer confidence, the end of the 40-year refi era, and why gold is the last safe haven. 📢 Please Support Our Sponsors: - Proton Pass. Go to https://proton.me/peter to get 50% off, backed by a 30-day money-back guarantee. - Noom. The Noom GLP-1 Program starts at $39 and is delivered to your door in as little as seven days. Go to https://noom.com to learn more. Bond yields hit new highs on weak data, consumer confidence sank to a 12-year low, and Peter says the end game has arrived. The 30-year Treasury touched 5.62% and the 10-year closed at 5.26%, two weeks after 5% was supposed to be the ceiling. What makes this week different is that bonds sold off on bad news: consumer confidence collapsed to 81.9, the lowest in 12 years and below the depths of the pandemic, job openings missed, and yields rose anyway. Peter's warning is direct: if Friday's jobs number is weak and bonds still fall, the orderly grind lower becomes a crash. Gold's $170 drop is the market getting this backwards. Money leaving bonds ends up in gold, the last safe haven standing. The bigger story is housing. America is now in the worst quadrant, high debt and high rates, which it has never lived through. For 40 years mortgage rates only fell, from 18% in 1981 to 2.65% in 2021, and homeowners rode that wave with serial cash-out refis that turned the house into an ATM. At 7.4% and headed past 8%, that era is over: no more refis, no cash out, no wealth effect, with homes at five times income and down payments at 13.8%. Fannie and Freddie are down 75% while the government buys more mortgage bonds. Neither party will name a cut. Every crisis Peter has warned about is converging, and he says to get your plan B in order. Chapters: 00:00 Bond Crash Warning 01:02 Yields Surge and Mortgages 02:59 Gold Dip and Safe Haven 07:11 Weak Data Ignored 13:21 Housing Market Cracks 14:48 Password Security Ad 16:00 High Debt High Rates Era 19:17 Housing Bubble Math 23:56 Refi Boom Ends 28:24 Home Prices Next Drop 31:30 Noom Weight Loss Pitch 33:07 GSE Stocks Get Crushed 35:50 Trump Hype And Dump 39:39 PSA Or Campaign Ad 42:41 Deficits Nobody Will Cut 47:59 Affordability Promises Backfire 50:08 Socialism Messaging Trap 52:12 AI Hope Versus Debt Crisis 56:02 Fed Out Of Tricks 56:43 Prepare For The Storm 57:28 Wrap Up And Plan B Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff Free Reports & Market Updates: https://www.europac.com Book Store: https://schiffradio.com/books Sign up for Peter's most valuable insights at https://schiffsovereign.com Schiff Gold News: https://www.schiffgold.com/news #PeterSchiffShow #BondMarket #MortgageRates Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy