The Bond Buybacks Just Doubled... And Now There's a Military Option

Warsh talks tough, buybacks double, a military option surfaces, gold falls $140, and boat prices collapse 50%.This episode is sponsored by Ground News. Go to http://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world.This episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmThe Treasury doubled its bond buybacks this week. Then the talk turned to a military option for yields.Fed Chairman Kevin Warsh spent his most anticipated speech of the year talking tough about inflation, and Peter Schiff explains why none of it matters. Warsh accepted responsibility for 65 straight months above the 2% target, then never once mentioned the $40 trillion national debt or the Treasury intervention running underneath him. Money supply is expanding at roughly 6% annualized since he took the job. He is talking about putting out the fire while pouring the gasoline.Underneath the speech, the policy escalated. Treasury buybacks already doubled from $2 billion to $4 billion, with roughly a trillion in the general fund available to extend them, shortening the average maturity of the debt and leaving the government more exposed to the rate hikes markets are now pricing. And in a Fox News interview on that same intervention, a military option for lowering bond yields was raised.Peter also covers the week's real data: gold down $140, silver reversing from nearly $71, a Chicago PMI collapse to 47.1 that was the biggest downside miss in eleven years, and a boat market where prices have fallen 50% and lenders are taking the keys, a Fed-made boom and bust he argues housing is about to repeat.Chapters:00:00 Inflation Firestorm00:37 Boatcast Setup01:02 Warsh Speech Breakdown04:12 Debt And Twist Ignored08:10 Forward Guidance Critique11:19 Dual Mandate Tradeoffs12:46 Money Supply Matters13:56 Hawkish Talk And Markets18:50 Trump Military Option20:01 Canada Tariffs Fallout27:53 Market Wrap Gold Bitcoin31:46 Strategy Dilution Spiral32:42 Dollar Yen Bonds Warning34:11 Manufacturing Digital Shift39:03 Boating Bubble Bust45:28 Boat Costs Force Selling48:13 West Marine Bankruptcy53:02 Buyer Market Repos Risk56:30 Boat Ownership Reality57:09 Closing Politics PlugFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#BondMarket #FederalReserveOur Sponsors:* Check out Blinds.com and use my code GOLD for a great deal: https://www.blinds.com* Check out Chilipad and use my code GOLD for $255 off: https://sleep.me* Check out Factor and use my code gold50off for a great deal: https://www.factor75.com* 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* Check out Quince and use my code quince.com/GOLD for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy