In an interview last week on Kitco News, Peter joined Jeremy Szafron to offer his latest insights into the unraveling U.S. economy, surging gold prices, and rapid inflationary pressures. Peter explains the Fed's precarious position, the imminent threat of a U.S.-centric financial crisis, and why he thinks we've already entered serious economic decline, despite the government's denials.

Peter kicks off by noting the troubling and self-inflicted nature of the current economic turmoil, pointing directly at misguided actions by former President Trump, whose tariff policies were based on fundamentally flawed reasoning:

Well, I mean, this is something that I've been predicting for quite some time now. It was inevitable. I always thought it would be an external dollar crisis that would set these events in motion. I didn't realize that we would do it to ourselves, but we have. We've pricked our own bubble and there's a lot of air that's going to come out of it. You know, Donald Trump looked at our huge trade deficits and just concluded that the trade deficits themselves were the problem and that they must be the result of foreigners cheating us and ripping us off.