Trump just launched an unconstitutional war with Iran without Congressional approval—and Peter breaks down the real reasons behind it, from economic distraction to the military-industrial complex profits, plus why this could trigger massive inflation and destroy your purchasing power.This episode is sponsored by Odoo. Sign up for free at https://www.odoo.com/r/iznkPeter Schiff strongly condemns Trump's declaration of war against Iran as unconstitutional, arguing that only Congress has the power to declare war under Article I, Section 8 of the Constitution. Schiff believes Trump violated his oath of office and campaign promises to end wars, not start them. He suspects the real catalyst was Israel informing Trump of their planned attack on Iran, forcing America's hand to join preemptively rather than wait for Iranian retaliation. Schiff questions Trump's claim that he had intelligence suggesting Iran would attack first, calling it implausible and likely fabricated to justify the unconstitutional military action.Despite opposing the war on constitutional and strategic grounds, Schiff sees it as bullish for gold and silver due to its inflationary impact, as wars are typically funded through money printing rather than tax increases. He views recent pullbacks in precious metals and mining stocks as buying opportunities, noting that gold held above $5,000 despite heavy selling. Schiff warns that this war will worsen an already deteriorating economy through higher oil prices, supply chain disruptions, and increased government spending, while potentially serving as a convenient distraction from Trump's failing economic agenda and recent controversies like the Epstein files.Chapters:00:55 War With Iran Begins03:41 Constitutional War Powers08:48 War Powers Act Explained12:00 From Strike To Regime Change14:00 No Surprise Argument15:57 Regime Change Risks21:03 Iraq WMD Lies23:08 Israel Rubio Timeline25:45 Trump Preemptive Claim29:07 Demand The Intelligence29:25 War Justification Doubts31:02 Broken Promises Fallout32:32 Regime Change Quagmire33:30 Distraction and Scapegoats35:51 Wag the Dog Headlines37:31 Rally Round the Flag40:23 War Hits Economy and Oil43:22 Markets Shrug Then React47:36 Gold Selloff Explained49:28 Wars Paid by Inflation53:19 Buy the Dip Strategy55:31 Wrap Up and Next UpdateFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#Finance #GeopoliticalCrisis #GoldInvestingOur Sponsors:* Check out Quince: https://quince.com/GOLD* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related