Debt Interest Is About to Pass Social Security... Here's What Breaks
Debt Interest Is About to Pass Social Security... Here's What Breaks  
Podcast: The Peter Schiff Show Podcast
Published On: Tue Nov 03 2026
Description: Interest on the debt is about to pass Social Security, and Peter Schiff explains why the Fed is trapped and QE is coming back.📢 Please Support Our Sponsors:- HomeServe. Join the millions of customers who trust HomeServe. For 50% less your first year, go to https://homeserve.com/gold. Savings compared to renewal price. Void in California and Florida.- AG1. For a limited time, visit https://drinkag1.com/schiff and get a free Immune Support Bundle, including Omega-3 Fish Oil and Vitamin D3+K2, with your first subscription of AG1 Next Gen or AG1 Pro.Next year, interest on the national debt passes Social Security, and the Fed has no way to fight the inflation that follows.Peter Schiff breaks down Wednesday's Fed decision. Kevin Warsh held rates at 3.75% to 4% while calling the economy strong, admitting inflation is still too high and conceding that policy is accommodative. After one 25 basis point hike against a 125 basis point rise in inflation, Peter calls it what it is: the Kevin Warsh show, tough talk with nothing behind it.The real constraint is the debt. Interest has already passed defense and is on track to pass Social Security next year, even if rates hold. Hiking enough to beat inflation would push the interest bill toward $3 to $4 trillion against barely $5 trillion in tax revenue, so the Fed is boxed in: the hike cycle gets abandoned and QE comes back. Peter also covers gold below $4,000 and silver below $50 as a buying opportunity, the AI selloff hitting Alphabet, Intel and the Mag 7, and why a Democratic Congress will mean bigger deficits, not gridlock.Chapters:00:00 Debt Interest Time Bomb01:08 Back From New Orleans02:16 Gold Silver Shock Drop04:28 Fed Holds Rates Steady05:50 Tough Talk No Action11:38 Politics And The Pause16:47 Warsh As Fed Puppet21:58 Inflation Worsens Ahead24:16 Democrats Congress Risks28:10 No Gridlock Ahead29:19 Blame Game Strategy31:22 Voters Blame President32:26 Federal Aid Threats34:30 Five Thousand Checks Pitch36:04 AI CapEx Market Cracks38:36 Fed Pause Then QE40:24 Deficits Pressure Bonds42:38 Oil SPR And Metals46:10 Warsh Is All Talk47:10 Why Rates Cant Rise52:53 Gold Silver Call To Act54:58 Puerto Rico Tax Angle56:24 Wrap Up And X SpacesFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #NationalDebt #FederalReserveOur Sponsors:* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy