Tariffs Failed. Imports Hit a Record. France Is Rioting. We're Next.

Tariffs failed, imports hit a record, and France is rioting. Peter Schiff explains why America's sovereign debt crisis is next. 📢 Please Support Our Sponsors: - 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. - HomeServe. Join the millions of customers who trust HomeServe. For 50% less your first year, go to https://homeserve.com/gold. Savings compared to renewal price. Void in Florida. - Function Health. Get more insight on how your body is aging with 160+ lab tests. Join at https://functionhealth.com/peter and use code PETER25 for a $25 credit. Imports hit a record in August, the tariffs failed, and France just showed America where runaway debt ends. Peter Schiff opens with the August trade deficit: $105.6 billion against a $99 billion forecast, with total imports at a record high despite Trump's tariffs. The tariffs did not reduce buying; they only made imports more expensive. Prices paid in the ISM services survey rose to 74, the highest since July 2022. Peter argues Republicans squandered two years of control and that Trump could have forced a balanced budget by vetoing debt ceiling increases, but pushed to abolish the ceiling instead. France is the preview. Its 10-year yield of 4.75% now sits below America's 5.28%, its government spends 57% of GDP, and even timid proposals to slow spending growth are meeting protests in the streets. Peter explains why the eurozone failed exactly as he warned in the 1990s, then makes the case that keeping America out of World War I would have prevented World War II. With gold below $4,200 and silver near $60, he argues precious metals are the last safe haven as sovereign debt crises spread. Chapters: 00:00 Global Debt Unrest 00:42 Stocks Hit Records 02:37 Trade Deficit Shock 07:40 Tariffs Backfire 10:48 Inflation Signals Rising 12:51 GOP Spending Failure 16:28 Veto Power Missed 18:25 MAGA Loyalty Machine 25:09 France Bond Spread Alarm 30:47 France Cuts Spark Protests 32:55 Welfare State Backlash 33:41 Pension Changes Explained 34:40 Healthcare and Sick Pay Tweaks 36:27 Freezes and Token Cuts 38:24 Debt Crisis and ECB Limits 39:18 Eurozone Moral Hazard 43:23 ECB Bailouts and Inflation 44:26 France as US Warning 45:11 Brazil Election Market Reaction 47:38 Tucker Interview on War 49:31 Why WWI Led to WWII 55:13 Unintended War Consequences 01:00:09 Wrap Up and Gold Pitch 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 #Tariffs #SovereignDebt 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