Peter Schiff Warns of Higher Inflation, Cites $200B Fed Balance-Sheet Rise and $20,000 Gold Call

Peter Schiff said in an interview with VRIC Media host Darrell Thomas this week that U.S. inflation is likely to move higher, not lower, while markets are mispricing expected rate cuts. He cited a 3.8% year-over-year CPI reading, said April's annualized pace is closer to 7.2%, and argued the Fed's balance sheet is up more than $200 billion in 2025. Schiff also attacked Strategy's STRC preferred stock paying about 11.5% annually, calling it a "pure Ponzi" and warning retirees could face losses.