Trump Made $3 Billion in a Year… Says He Doesn’t Know How

Peter Schiff breaks down the October CPI: up 0.4% against 0.3% expected, with core up 0.3% for the second straight month, and no year-over-year number because last year’s shutdown left no comparison. Prices are already up 4.15% in the first ten months of 2026, the worst year since 2022, and 5% is in play. Gold dropped as much as $120 and the miners gave back 5% after an 18% run since the midterms, but Peter explains why traders keep dumping gold on proof that inflation is worse than they thought, and why the smart money buys those dips. Waller floats 50 basis points in December, Logan wants two more hikes, Bowman says there is more work to do, yet the Fed is boxed in by the debt and will never hike enough to win.

On Bitcoin, Strategy sold another $284 million of common stock to buy back $283.8 million of Stretch, having already repurchased over 20% of the issue at a 12% dividend while diluting shareholders. Bitcoin is down 16% this year after losing 6.3% last year, on track for its first back-to-back annual decline in 18 years. Peter also takes apart the Democrats’ affordability promises built on bigger government, and Trump’s 60 Minutes interview: record exports with a record trade deficit, record stock highs that 11 of the last 13 presidents also had, and a $3 billion jump in net worth, mostly from crypto and World Liberty Financial, that he claims he can’t explain while insisting he has no idea what his sons are doing. Those answers won’t survive the congressional hearings coming next.