# #380 Peter Schiff: End Game Coming, Bubble Popping, $2 Trillion Interest by Next Year

Page: https://stenobird.com/podcast/the-julia-la-roche-show-5842803/380-peter-schiff-end-game-coming-bubble-popping-2-trillion-interest-by-next-year
Text version: https://stenobird.com/podcast/the-julia-la-roche-show-5842803/380-peter-schiff-end-game-coming-bubble-popping-2-trillion-interest-by-next-year.md
Podcast: [The Julia La Roche Show](https://stenobird.com/podcast/the-julia-la-roche-show-5842803)
Published: 2026-06-23T10:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/julia-la-roche/episodes/380-Peter-Schiff-End-Game-Coming--Bubble-Popping--2-Trillion-Interest-by-Next-Year-e3l5aof
Audio file: https://traffic.megaphone.fm/APO2534804073.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-julia-la-roche-show-5842803/episodes/380-peter-schiff-end-game-coming-bubble-popping-2-trillion-interest-by-next-year
Duration seconds: 2887

## Resource

Peter Schiff warns the bubble is popping as crypto leads the decline, while the bond market faces another breakdown with the 10-year potentially breaking above 5%. He emphasizes inflation is a choice—all Fed chairs chose it, and Warsh will too despite tough talk, because the alternative is politically unacceptable. He reveals the May deficit surged 30% while interest expense jumped 44%, with annual interest payments now hitting $1.6 trillion and will be $2 trillion by next year. Schiff identifies Japan as a looming harbinger with 250% debt-to-GDP, yields climbing above 4%, and the yen collapsing below 160 with potential for another 30-50% decline. His end game thesis: the US dollar loses reserve currency status, US assets get repriced down, and he's positioning to "have all the chips" at the finish line. Gold's pullback from $5,600 to $4,200 is a "buy the rumor, sell the fact" move, while silver at $65 is headed to $200 and Bitcoin at $64,000 should be sold. GDP growth is an illusion created by faulty deflators that understate inflation; the economy hasn't really expanded, just become more expensive, and stagflationary depression is locked in. Thank you to our sponsors: Kalshi - download the Kalshi app and use code JULIA to get $10 when you trade $10. http://kalshi.com/r/JULIA Monetary Metals - learn more at https://www.monetary-metals.com/julia/ Links: https://x.com/PeterSchiff https://www.youtube.com/@peterschiff Timestamps: 0:00 Intro and welcome Peter Schiff 00:50 Air coming out of bubble 1:16 Markets too complacent on inflation risks 1:45 Warsh has a problem - Hike or no hike, both bad 3:36 Inflation is a choice - All Fed chairs chose it 5:11 Warsh will choose inflation despite tough talk 5:24 Bond market breakdown coming - 10-year to 5%, 30-ye…

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