How Policymakers Will Likely Respond and Why It Won't Work

In this powerhouse episode of "Impact Theory," Tom Bilyeu sits down with renowned economist, author, and outspoken financial commentator Peter Schiff. Best known for his unflinching critiques of U.S. monetary policy, Schiff unpacks the real meaning behind gold’s all-time highs and what it signals for the American and global economy. In Part 1, Tom and Peter go deep into the historical context that shapes today’s economic challenges, including how the gold standard's collapse, fiscal irresponsibility, and the rise of global debt have set the stage for a looming monetary crisis.

Peter shares insights on the mechanisms behind inflation, explains how American prosperity has become dangerously dependent on the dollar’s reserve status, and traces the evolution of our monetary system from the Founding Fathers to Nixon’s closing of the gold window. This is an eye-opening journey through economic history and policy that challenges mainstream narratives about the value of gold, the state of global trade, and America’s financial future.

SHOWNOTES

00:00 Gold’s All-Time Highs: What Does It Mean?

08:22 How the Dollar Was Tied to Gold: The Early U.S. Republic

15:37 The Shrinking Real Wage & Rise of the Dual-Income Family

23:18 The Gradual Move Away from the Dollar Standard

32:59 The Stagflation Trap: Economic Policy Gone Wrong

52:24 The Social Fallout: Populism, Socialism, and the Erosion of Democracy

69:43 U.S. Industrial Policy—Why Government Investment Fails

FOLLOW PETER SCHIFF: X/Twitter: https://twitter.com/PeterSchiff
YouTube: https://www.youtube.com/user/SchiffReport
Podcast: https://schiffradio.com/
Instagram: https://www.instagram.com/peterschiff/
Website: https://www.europac.com/
Gold/Silver Info: https://www.schiffgold.com/

What's up, everybody? It's Tom Bilyeu here:

If you want my help...

• STARTING a business: join me here at ZERO TO FOUNDER: 

• https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show

• SCALING a business: see if you qualify here.: 

• https://tombilyeu.com/call

Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:

https://tombilyeu.com/

**********************************************************************

If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.

**********************************************************************

FOLLOW TOM:

Instagram: https://www.instagram.com/tombilyeu/

Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en

Twitter: https://twitter.com/tombilyeu

YouTube: https://www.youtube.com/@TomBilyeu

Bevel Health: 1st month FREE at https://bevel.health/impact with code IMPACT

Linkedin: Post your job free at https://linkedin.com/impacttheory

Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact

True Classic: Upgrade your wardrobe at https://trueclassic.com/impact

Cape: 33% off with code IMPACT33 at https://cape.co/impact

Surfshark: Go to https://surfshark.com/bilyeu or use code BILYEU to get 4 extra months of Surfshark VPN!

AirDoctor: Up to $300 off with code IMPACT at https://airdoctorpro.com

Raycon: Go to https://buyraycon.com/impact to get up to 30% off sitewide.

Found Banking: Try Found for FREE at https://found.com/impact

Learn more about your ad choices. Visit megaphone.fm/adchoices