Peter Schiff Warns 2008 Was Just a Warm-Up for the Coming U.S. Sovereign Debt Collapse

Veteran economist and money manager Peter Schiff joins Kitco News Anchor Jeremy Szafron to sound the alarm on what he calls the "great repricing"—a historic financial reset now underway that will be far worse than 2008. Schiff warns the Federal Reserve is on the verge of its biggest mistake yet, one that could ignite a full-blown U.S. sovereign debt crisis.

In this explosive interview, Schiff explains why the current rally in gold and silver—now at multi-year highs—has been driven by central banks, not retail investors. He says the real panic hasn’t started yet, and when the public rushes in, prices could go vertical.

Schiff dismantles recent claims by the U.S. Treasury Secretary about bond market stability, revealing that foreign holders of U.S. debt are selling, taking losses, and dumping Treasuries amid rising distrust.

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This interview was recorded on September 16, 2025.

00:00 Introduction and Market Overview
00:28 Historical Context and Fed Decisions
01:03 Interview with Peter Schiff Begins
01:27 Fed's Policy Errors and Inflation
03:50 Global Repricing and Dollar Weakness
04:43 US Debt and Treasury Holdings
07:20 Fed's Mandates and Political Influence
12:56 Critique of the Federal Reserve
16:55 Banking System Vulnerabilities
20:07 Potential Government Responses
22:53 Gold Market Insights
23:11 Investment Strategies in Gold
24:14 Gold Stocks Surge
24:47 Mining Stocks: A Better Investment?
26:03 Central Banks and Gold
28:20 Future of Gold Mining Companies
31:58 Government Involvement in Mining
37:23 Silver's Potential Boom
43:45 Conclusion and Future Outlook

#PeterSchiff #Gold #FederalReserve #Economy
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