America Is About to Vote for Socialism... Get Ahead of It Now
America Is About to Vote for Socialism... Get Ahead of It Now  
Podcast: The Peter Schiff Show Podcast
Published On: Tue Oct 27 2026
Description: They can't harm you if they can't find you! Use code PETERSCHIFF at the link below and get 60% off an annual plan: https://incogni.com/peterschiffPrinting money was the cure. Now it's the disease, and the next crisis arrives with no medicine left.Peter Schiff explains why the Fed won't hike this week despite inflation that keeps rising: the decision is political, not economic, and rates are still far too low. Brazil just showed what happens when voters choose socialism, with Brazilian stocks down 23% in dollars in one day, roughly a Black Monday, and Peter argues Americans are about to make the same choice in the midterms. He takes apart the record $55.4 billion in farm welfare, the rent-seeking behind it, and why the consumer pays twice: once at the grocery store and again in the subsidy.Peter also explains why the Republican "tax cuts" are no cut at all when the deficit is financed by inflation and 7.5% mortgages, why California's "one-time" billionaire wealth tax is the camel's nose under the tent, and why the air coming out of the AI bubble matters more than Wall Street admits: when it pops, governments and companies are fighting over the same scarce credit, and there is no bailout money left. Gold at $4,000 is the floor, not the ceiling, and the gold sell-off is happening for the wrong reason.Chapters:00:00 Debt Crisis Warning00:38 Podcast Setup and Fed Week01:45 Why the Fed Won’t Hike02:35 Politics Behind Rates04:40 Fed Still Inflating05:18 Brazil Election Shock08:16 Bolsonaro vs Lula Framing11:02 Democracy and Socialism13:25 Farm Subsidy Blowup18:46 Subsidies Raise Food Costs21:10 Tobacco Subsidy Contradictions23:38 Free Market Farming Case24:12 Protectionism and Imports27:47 Seen vs Unseen Politics30:10 Republicans Becoming Democrats32:00 Farm Subsidy Reality Check32:54 Why Energy Subsidies Backfire34:59 Tax Cuts vs Spending Truth38:25 Medicare Politics Flip40:44 Obamacare Insurance Logic42:53 How Government Warps Markets46:34 AI Bubble Loses Air48:11 California Wealth Tax Playbook53:44 Debt Crisis and Inflation Spiral54:56 Gold and Silver Selloff Opportunity57:45 Conference Mood and Buy the Dip59:36 Fed Talk and Final SignoffFollow @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 #AIBubble #GoldOur Sponsors:* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.aiPrivacy & Opt-Out: https://redcircle.com/privacy