Trump Targets Thomas Massey, Oil Explodes, Iran War Costs Revealed

Oil prices are exploding past $93 a barrel as Trump's unconditional surrender demand sends shockwaves through markets—but here's the real inflation culprit nobody's talking about, and why the Fed's rate cuts are about to make everything worse. - This episode is sponsored by Pebl. Go to to get a free estimate. - This episode is also sponsored by NetSuite. Download Netsuite’s free business guide, Demystifying AI, at Peter Schiff analyzes the massive oil price surge following Trump's Iran war, with crude jumping from $90 to over $119 per barrel before pulling back slightly as countries coordinate strategic petroleum reserve releases. Schiff argues that while rising oil prices don't directly cause inflation, the government's monetary and fiscal response to fund the war and rebuild Iran will trigger massive money printing and borrowing, creating real inflation across all goods. He criticizes Trump's economic lies, including false claims about $18 trillion in foreign investment and job creation numbers that show only 181,000 jobs created in 2025 versus 2.2 million under Biden's final year. Schiff expresses outrage over Trump's campaign against Congressman Thomas Massey in Kentucky, calling Massey "the best congressman we have" and the only Republican who truly stands for constitutional principles, limited government, and fiscal responsibility. He explains that Massey voted against Trump's "big beautiful" tax bill because it increased spending without corresponding cuts, making it a disguised tax hike rather than genuine tax relief. Schiff sees Trump's attack on Massey as proof that Trump opposes real conservative principles, preferring rubber-stamp politicians over principled representatives who honor their constitutional oath. Chapters: 00:00:00 Show Cold Open 00:00:55 War and Oil Shock 00:09:45 Inflation and Fed Blame 00:16:20 Unconditional Surrender Walkback 00:21:57 Dollar Power and Gold Outlook 00:29:31 Mining Stocks Selloff 00:31:14 Oil Spike and Profits 00:32:24 How to Buy Exposure 00:33:41 CPI and Inflation Reality 00:37:27 Massey Trump and Media Follow @peterschiff X: Instagram: TikTok: Facebook: Free Reports & Market Updates: Book Store: Sign up for Peter's most valuable insights at Schiff Gold News: Our Sponsors: * 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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Trump Targets Thomas Massey, Oil Explodes, Iran War Costs Revealed is an episode from The Peter Schiff Show Podcast by Peter Schiff.

This episode is 60:16 long.

This episode was published on Mar 12, 2026.

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