Peter Schiff delivers a stark warning: America is headed for the biggest economic crisis of our lifetimes - not a stock market crash, but a dollar collapse leading to an inflationary depression. He explains why gold hitting $4,300 and silver above $66 are screaming signals of an impending currency crisis, responds to Trump's personal attack calling him a "jerk" and "loser" on Truth Social, and breaks down why both Trump and Biden caused the inflation crisis through massive deficit spending and Fed money printing. Schiff reveals why he's positioned his portfolio for a dollar crash (up 60-120% this year in precious metals), predicts a radical left Democrat will win in 2028, and explains the dark reality: Americans will experience a poor country's economy but with higher prices - unless they protect their wealth now with gold, silver, and foreign assets.

This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

Links:

https://x.com/PeterSchiff

Europac.com

http://SchiffGold.com

Timestamps:

00:00 Intro and welcome Peter Schiff

01:19 Big picture macro view: America's bleak outlook

04:00 Gold and silver screaming currency crisis is coming

07:04 Prediction: Radical left Democrat in White House 2028

08:39 Peter's reaction to Trump's Truth Social attack

10:19 Trump's ridiculous claim that prices are coming down

11:37 Biden and Trump both caused inflation crisis

13:40 Trump's "big beautiful bill" making deficits worse

15:00 Republicans in trouble for 2026 midterms

16:28 Trump is not a real conservative or capitalist

22:12 Affordability crisis and government spending problem

23:33 No politically viable way to right the ship

25:00 We need higher interest rates, not lower

27:28 Gold up 65%, silver up 120% this year

28:30 Why "perma bear" label is wrong

30:00 The dollar crash Peter has been predicting

32:22 Investors moving money overseas from US stocks

34:02 How gold skyrocketing pulls rug from under dollar

36:08 Dollar reserve currency status ending

38:22 Inflationary depression: weak economy, high inflation

44:31 How everyday Americans will be impacted

47:09 Early innings for gold and silver

53:41 What Peter wishes he said on Tucker

56:20 Capitalism blamed for socialism's damage

57:59 Wrap up and appreciation

Michael Green, Chief Strategist and Portfolio Manager for Simplify Asset Management, joins Julia La Roche on episode 318 to break down his viral three-part series on America's real poverty line, revealing why families making $100,000-$140,000 are trapped in what he calls the "valley of death" - where government benefits are withdrawn before cash earnings can replace them. He explains how childcare costs, benefit cliffs, and tax code changes since the 1950s have made the American Dream nearly impossible for young families, why economists reacted so negatively to his work, and how the official poverty line ($31,200) is completely disconnected from reality. Green also discusses the implications for markets, predicting a 1929-style crash from passive investing flows, and shares what gives him hope: human potential and the power of free people over slaves.

This episode is brought to you by VanEck.

Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

Links:

Follow Mike on X: https://twitter.com/profplum99Read

Mike’s Substack: https://www.yesigiveafig.com/Visit Simplify: https://www.simplify.us/

Timestamps

00:00 Intro and welcome Mike Green

01:00 Genesis of the viral poverty line series and why the American Dream is breaking down

05:25 The Valley of Death and the benefit cliffs

06:21 The working poor

07:50 Childcare

09:10 $100,000 used to mean something different

12:10 The precarity line

13:10 How we got here: tax code changes and the gaslighting about taxes and the 1%

16:30 What's the solution?

18:01 Implications of fixing the problem

21:40 Why economists reacted so viscerally

24:18 Sentiment analysis

26:35 Revealing what academics have been missing

28:34 The affordability crisis vs inflation debate

31:35 We need a different framework for poverty

32:47 Where this is headed if nothing changes

34:45 Political implications

39:09 What Mike plans to do about it

40:35 Markets and passive investing momentum

46:41 Wrap up and where to find Mike Green

Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, joins The Julia La Roche Show for "The Wrap with Chris Whalen." Whalen breaks down the latest FOMC meeting, revealing a divided Fed with no clear consensus on future rate cuts. He predicts a home price correction coming and also warns of a brewing crisis in private equity, where 15-20% of companies are insolvent and relying on payment-in-kind structures. Whalen also discusses JPMorgan's surprise expense guidance this week, the Fed's Reserve Management Purchases (and whether it's QE by another name), and explains why the commercial real estate market remains a major risk. He expects higher bank earnings next year despite hidden dangers in lending to non-depository financial institutions, and shares his skeptical view on stablecoins and AI infrastructure spending.

Links:

The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/

https://www.theinstitutionalriskanalyst.com/post/theira785

Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673

Twitter/X: https://twitter.com/rcwhalen

Website: https://www.rcwhalen.com/

Timestamps:

00:00 Intro and welcome Chris Whalen

00:49 FOMC meeting recap

04:03 Inflation as the #1 issue for Americans

05:13 Home price correction coming

06:03 Commercial real estate crisis deepening

07:25 Fed's Reserve Management Purchases explained

09:22 Fed managing liquidity into year-end

11:35 JPMorgan's surprise expense guidance

14:33 NDFIs: Lending reminiscent of 1920s practices

15:45 Private equity insolvency crisis? (15-20% insolvent)

16:51 Deflationary risk from forced asset sales

22:45 Private credit hidden risk

23:53 2026 outlook

24:24 Ginnie Mae vs Fannie/Freddie liquidity problem

26:28 Do stablecoins make sense?

27:56 Oracle CDS spiking and AI infrastructure spending

30:27 Viewer question: Fed control over mortgage rates

33:33 Viewer question: Manufacturing renaissance under Trump?

34:57 Viewer question: Are 10-year treasuries a good investment now?

36:16 Wrap up and where to find Chris Whalen

Melody Wright, author of M3 Melody Substack, returns to the show for an in-person episode to discuss her outlook for housing and why we could see a price correction of 38%.

This episode is brought to you by VanEck.

Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

Links:

YouTube; https://www.youtube.com/@m3_melody

X: https://x.com/m3_melody

Substack: https://m3melody.substack.com/

Timestamps

0:00 - Introduction: Melody Wright joins the show

00:44 - Housing market frozen for three years - lowest sales since 1995

2:12 - Institutions are net selling and preparing for what's coming

3:16 - The middle class squeezed out of housing market

4:11 - Debunking the "structural housing shortage" myth

6:12 - Regional housing story: What Zillow data reveals

8:03 - Who's running for the exits first: Institutions vs Mom & Pop

9:17 - Home prices going negative for first time in 2+ years

10:20 - 38% correction coming - when housing becomes affordable again

11:56 - Why Fed rate cuts won't help housing

14:04 - The China parallel: Over-building and empty inventory

16:48 - Demographics: The silver tsunami and vacant homes

18:15 - Timeline: When foreclosures will materially increase

21:04 - FHA program shutdown and masking delinquencies

23:48 - Why this crisis is worse than 2008 for millennials

24:50 - What Melody changed her mind on about housing

26:04 - The #1 thing people are getting wrong about housing

27:48 - National Association of REALTORS responds to Melody

28:52 - What keeps Melody up at night

30:00 - What a healthy housing market looks like

31:45 - Final advice: Say no to debt slavery and wait

Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, joins Julia La Roche to break down the FOMC and discuss her open letter manifesto to the committee written on behalf of every hard-working American.

This episode is brought to you by VanEck.

Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

Links:

Danielle's open letter: https://quillintelligence.com/2025/12/10/the-weekly-quill-open-letter-2/

Danielle's Twitter/X: https://twitter.com/dimartinobooth

Substack: https://dimartinobooth.substack.com/

YouTube: https://www.youtube.com/@DanielleDiMartinoBoothQI

Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655

Timestamps:

0:00 Intro and welcome back Danielle

00:33 Reaction to FOMC

01:36 QE?

02:40 Markets are overreacting

02:59 Danielle's open letter to The Federal Open Market Committee

06:57 Kevin Hassett

08:45 How to preserve Fed independence

09:20 Every Hardworking American Who Wakes Up in the Morning Asking Themselves What Went Wrong

10:42 The Fed's conflicting mandates

12:25 The unprecedented level of dissent

15:04 Powell was passionately against QE back in 2012

17:21 The Fed could exert its independence

18:50 Markets think it's QE, but is it?

20:09 Powell

21:29 Fed policy is eviscerating the middle class

25:10 Labor market dynamics

30:12 Biggest fear - civil war without honest monetary policy

32:45 Call to action

Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, joins The Julia La Roche Show for "The Wrap with Chris Whalen." Whalen breaks down what's ahead for the Federal Reserve and financial markets as we head into 2026. He discusses Kevin Hassett as the likely next Fed Chair, explaining why Fed independence is more myth than reality and how political pressures will influence rate decisions ahead of the midterm elections. Whalen analyzes the upcoming FOMC meeting, commercial real estate risks, and why he's not concerned about an imminent market crisis despite ongoing concerns about the Treasury market and credit conditions. He also tackles why the Fed's 2% inflation target may be outdated and explains the K-shaped economy that has consumers and investors feeling divided about the recovery.

Links:

The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/

https://www.theinstitutionalriskanalyst.com/post/theira785

Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673

Twitter/X: https://twitter.com/rcwhalen

Website: https://www.rcwhalen.com/

Timestamps:

00:00 Intro and welcome Chris Whalen

01:07 Kevin Hassett as next Fed Chair pick?

03:10 Fed independence and political dynamics

05:00 Midterm elections and rate cut pressure

09:28 FOMC meeting preview, Fed worried about being "late to the party"

11:27 Importance of mortgage rates over fed funds

15:18 State of the economy, no crisis coming

16:56 Bitcoin and crypto market discussion

19:33 Commercial real estate reality check

23:29 Private credit myths and reality

25:00 Viewer question: Bank preferred stocks

26:50 Viewer question: Why the 2% inflation target?

28:14 Inflation vs deflation in asset markets

30:00 Biggest risks entering 2026

30:27 Surprise events and systemic risk

31:21 K-shaped economy and recovery paths

33:00 Wrap up and where to find Chris Whalen

Hugh Hendry, "The Acid Capitalist," returns to the Julia La Roche Show. Hendry breaks down his "macro compass" portfolio framework: 25% equities (overweight Japanese stocks after their 35-year breakout), 25% US treasuries (buying TLT after a 50% decline), 25% alternatives (Bitcoin over gold due to market cap), and 25% strategic cash. His thesis: the treasury market is so large (100% of GDP) that it's prevented inflation despite massive deficit spending, but AI will cause 20% unemployment within 2-3 years. That unemployment will force governments into redistribution mode, finally breaking the system's ability to contain inflation. He discusses why tech valuations are near peak, why the yen carry trade matters, and why sterling may be the first major currency to collapse as the UK's service economy gets hit hardest by AI displacement.

Hendry founded Eclectica Asset Management, a global macro hedge fund that was pretty much uncorrelated to everything in the financial universe. Hugh started Eclectica in 2002 and ran for 15 years before closing in 2017. He made more than 30% in 2008 betting against banks.

This episode is brought to you by VanEck.

Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

Links:

Twitter/X: https://twitter.com/hendry_hugh

Substack: https://hughhendry.substack.com/

Podcast: https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcast/id1511187978

YouTube: https://www.youtube.com/@HughHendryOfficial

00:00 - Intro

00:52 - The macro compass: 4 quadrant portfolio framework

03:52 - Quadrant 1: Equities & why Hugh loves Japanese stocks

06:10 - Pattern recognition: Buying 35-year breakouts

08:32 - Quadrant 2: US treasuries (TLT) after 50% collapse

10:35 - The AI singularity & 20% unemployment prediction

12:48 - Cheap labor is over: The end of the China era

15:07 - Why corporations will shed jobs (but won't admit it yet)

18:37 - Quadrant 3: Gold vs Bitcoin - market cap analysis

22:03 - Why Hugh prefers Bitcoin over gold

25:46 - The currency quadrant: Which currencies to hold

28:15 - Why the dollar may weaken despite being "king"

32:28 - Hugh's trade of the year: Yen carry unwind

38:42 - The reflexivity problem: AI makes everything cheaper

43:15 - Why we didn't get hyperinflation despite massive printing

48:29 - The treasury market as a "fire gap" stopping inflation

53:14 - Tech valuations: Are we in a bubble?

58:36 - Why Hugh thinks we're near peak valuations

1:02:44 - Why the treasury market stopped inflation (100% of GDP)

1:04:31 - The chaos trigger: 20% unemployment will break everything

1:05:00 - Youth unemployment & the rise of socialist politics

1:06:23 - NYC mayor & the "no billionaires" movement

1:07:06 - The UK disaster: Disability spending & currency collapse

1:09:34 - Sterling as first currency casualty of AI

Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist who correctly called the housing bubble, warns that we're living in an everything bubble with a flock of black swans ready to ignite a crisis. From commercial real estate cover-ups to private equity opacity, data center spending without defined returns, and trillions in government debt, Dr. Thornton explains how Fed manipulation and artificial interest rates have created malinvestments across the economy—and why Trump's push for lower rates will only fuel more bubble activity. He breaks down Austrian Business Cycle Theory, why we're on the on-ramp to hyperinflation with 2026 looking turbulent, and makes the case for gold and silver as essential hedges against fiat money depreciation in a world of central bank money printing and currency debasement.

This episode is brought to you by VanEck.

Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

Links

X: https://x.com/DrMarkThornton

Free Hayek book: https://store.mises.org/Hayek-for-the-21st-Century-P11367.aspx

Mises Institute: https://mises.org/profile/mark-thornton

Timestamps:

0:00 Intro and welcome Dr. Mark Thornton

01:09 Concerns about the macro economy

6:35 Fed manipulation creating vast array of potential swans

12:00 What if inflation ticks up? Long-term government debt and currency depreciation fears

14:50 Living through an everything bubble

18:40 Fed outlook

22:30 Austrian Business Cycle Theory explained

28:30 Malinvestment and artificial credit expansion

34:50 Who really benefits from the Fed's policies?

44:50 Inflation to pay off the national debt

46:00 Gold and silver as hedges against fiat money depreciation

52:40 Early on in the precious metals bull market, silver going above $50 is 'the end of the beginning'

1:00:03 Path to hyperinflation

1:07:01 Bitcoin and Austrian School of Economics compatibility

1:10:31 Final thoughts and closing