Gold Hits Historic Highs: Is America's Economy About to Implode?

In this powerhouse episode of "Impact Theory," Tom Bilyeu sits down with renowned economist, author, and outspoken financial commentator Peter Schiff. Best known for his unflinching critiques of U.S. monetary policy, Schiff unpacks the real meaning behind gold’s all-time highs and what it signals for the American and global economy. In Part 1, Tom and Peter go deep into the historical context that shapes today’s economic challenges, including how the gold standard's collapse, fiscal irresponsibility, and the rise of global debt have set the stage for a looming monetary crisis. Peter shares insights on the mechanisms behind inflation, explains how American prosperity has become dangerously dependent on the dollar’s reserve status, and traces the evolution of our monetary system from the Founding Fathers to Nixon’s closing of the gold window. This is an eye-opening journey through economic history and policy that challenges mainstream narratives about the value of gold, the state of global trade, and America’s financial future. SHOWNOTES 00:00 Gold’s All-Time Highs: What Does It Mean? 08:22 How the Dollar Was Tied to Gold: The Early U.S. Republic 15:37 The Shrinking Real Wage & Rise of the Dual-Income Family 23:18 The Gradual Move Away from the Dollar Standard 32:59 The Stagflation Trap: Economic Policy Gone Wrong 52:24 The Social Fallout: Populism, Socialism, and the Erosion of Democracy 69:43 U.S. Industrial Policy—Why Government Investment Fails FOLLOW PETER SCHIFF: X/Twitter: https://twitter.com/PeterSchiffYouTube: https://www.youtube.com/user/SchiffReportPodcast: https://schiffradio.com/Instagram: https://www.instagram.com/peterschiff/Website: https://www.europac.com/Gold/Silver Info: https://www.schiffgold.com/ What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Bevel Health: 1st month FREE at https://bevel.health/impact with code IMPACT Linkedin: Post your job free at https://linkedin.com/impacttheory Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact True Classic: Upgrade your wardrobe at https://trueclassic.com/impact Cape: 33% off with code IMPACT33 at https://cape.co/impact Surfshark: Go to https://surfshark.com/bilyeu or use code BILYEU to get 4 extra months of Surfshark VPN! AirDoctor: Up to $300 off with code IMPACT at https://airdoctorpro.com Raycon: Go to https://buyraycon.com/impact to get up to 30% off sitewide. Found Banking: Try Found for FREE at https://found.com/impact Learn more about your ad choices. Visit megaphone.fm/adchoices