Consumer Sentiment Just Hit an All-Time Low. Trump Calls it Best Economy Ever.

Trump says best economy in 250 years. Consumer sentiment just hit an all-time low. Saylor just went underwater on $64B. Pick a story. Kevin Warsh was sworn in as Fed Chair today while the Dow hit a record 50,700 — and Peter Schiff fact-checked virtually every claim Donald Trump made at the ceremony in real time. Trump called it the greatest economy in 250 years of American history; consumer sentiment responded by hitting 44.8, the lowest reading ever recorded. Year-ahead inflation expectations surged to 4.8% and 10-year expectations hit 3.9%, demolishing the Fed's claim that expectations remain "well anchored" at 2%. Gold closed the week at $4,508 with silver at $75.39, both pressured by rising bond yields — with the 30-year still above 5% and the 10-year above 4.5%. Schiff argues these pullbacks are buying opportunities as real rates continue to collapse. Bitcoin dropped below Michael Saylor's $75,700 average cost basis for the first time, meaning five years and $64 billion of buying has produced zero return — while the Stretch preferred stock continues to compound an 11.5% annual obligation regardless. Schiff dissects Trump's lies about job creation, tariff benefits, government spending cuts, and the claim that fired federal workers are now earning double or triple in the private sector. Chapters: 00:00 Warsh Takes the Helm 01:38 Dow 50K Hype Check 03:42 Gold and Silver Pullback 05:12 Yields Mortgages and Oil 07:44 Bitcoin Decouples and Strategy Risk 11:00 Consumer Sentiment Hits Record Low 16:11 Trump Speech Fact Check Begins 16:30 Massie Lies and Deficit Hypocrisy 21:30 Jobs Numbers Reality Check 22:07 Fed Independence Spin 23:11 Booms Bubbles and Inflation 24:31 Dow Rally Credit Grab 26:16 Spending Cuts Claim Debunked 26:48 Fired Workers Fairy Tale 29:33 Foreign Investment and China Deals 32:26 Tariffs and the Mythical Boom 33:50 Pessimism vs Trump Prosperity 35:43 Crisis Warning and Gold Pitch 37:00 Bitcoin Exit and Mining Stocks 39:25 Rates Tailwind and Sign Off Follow @peterschiff X: Instagram: TikTok: Facebook: Get more gold & silver now: 1-888-GOLD-160 (465-3160) Open a T Gold account: Open a managed account: Listen to The Peter Schiff Show: Follow the main channel: Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: * Check out DBJourney and use my code Schiff15 for a great deal: * Check out Fast Growing Trees and use my code GOLD for a great deal: * Check out Plaud AI and use my code GOLD for a great deal: * Check out Quince and use my code quince.com/gold for a great deal: * Check out TruDiagnostic and use my code GOLD20 for a great deal: Privacy & Opt-Out:

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Consumer Sentiment Just Hit an All-Time Low. Trump Calls it Best Economy Ever. is an episode from The Peter Schiff Show Podcast by Peter Schiff.

This episode is 40:38 long.

This episode was published on May 23, 2026.

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