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 Unrest00:42 Stocks Hit Records02:37 Trade Deficit Shock07:40 Tariffs Backfire10:48 Inflation Signals Rising12:51 GOP Spending Failure16:28 Veto Power Missed18:25 MAGA Loyalty Machine25:09 France Bond Spread Alarm30:47 France Cuts Spark Protests32:55 Welfare State Backlash33:41 Pension Changes Explained34:40 Healthcare and Sick Pay Tweaks36:27 Freezes and Token Cuts38:24 Debt Crisis and ECB Limits39:18 Eurozone Moral Hazard43:23 ECB Bailouts and Inflation44:26 France as US Warning45:11 Brazil Election Market Reaction47:38 Tucker Interview on War49:31 Why WWI Led to WWII55:13 Unintended War Consequences01:00:09 Wrap Up and Gold PitchFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #Tariffs #SovereignDebtOur 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.aiPrivacy & Opt-Out: https://redcircle.com/privacy