Trump threatened to destroy Iran's civilization by 8pm — instead he got a ceasefire that concedes nothing. The threats were always empty.
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Trump's Tuesday deadline to destroy Iran's civilization came and went with a Pakistan-brokered ceasefire instead of the promised hellfire. Peter Schiff breaks down how the president's escalating threats — from bombing bridges and power plants to wiping out an entire civilization — collapsed into a two-week truce that concedes nothing from Iran's side.
Markets swung wildly on the drama: the Dow dropped 400 points intraday before rallying nearly 1,000 points on ceasefire news, oil cratered 15.5% back to $95 after touching $115, and gold surged $60 despite the supposed "peace" — proving the market is trading the Fed, not the war. Schiff argues rate cuts are coming regardless of inflation, that oil will never return to $60, and that the dollar's reserve currency status is being actively dismantled as countries like France pull gold from U.S. custody. He also reveals the IRS is refusing to comply with a federal judge's FOIA ruling ordering release of documents from the Euro Pacific Bank investigation.
Chapters:
00:00 Show Intro
00:55 Trump Deadline Drama
05:33 Markets Call the Bluff
08:32 Pakistan Ceasefire Rumors
12:22 Trump Two Week Pause
16:20 Iran Ceasefire Terms
19:15 Iran Statement Readout
22:19 Civilian Targeting Critique
29:01 Dollar Power and Blowback
32:05 Scaling Gold Production
32:52 Gold Moves on Rate Cuts
35:14 Oil Prices vs Real Inflation
37:32 War Risk Premium Sticks
40:53 Weak Data and CPI Ahead
44:57 Polls Signal Economic Pain
50:49 Ditch Dollars Buy Metals
52:44 Mining Stocks Next Leg
55:33 FOIA Win IRS Fights Back
01:03:29 Transparency Battle Wrap Up
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