Hank Paulson Warns of Debt Crisis He Helped Create

Hank Paulson warns of a "vicious" debt crisis — but his only plan is to brace for it, not prevent it. That tells you everything.

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Former Treasury Secretary Hank Paulson is warning about a "vicious" sovereign debt crisis and urging a break-the-glass emergency plan — but Peter Schiff points out that Paulson himself architected the bailouts and QE policies that made this crisis inevitable, and his only advice now is to prepare for the crash rather than prevent it.

Markets hit record highs this week with the Nasdaq up 7% on ceasefire optimism and oil dropping to $83, but Schiff warns the rally is built on the false premise that peace means rate cuts. The Fed's balance sheet has quietly grown over $200 billion in 2026 while M2 money supply expands at 5% year-over-year. Meanwhile, NYC Mayor Manda proposes city-owned grocery stores and taxes on non-resident condos — policies Schiff dismantles as the kind of anti-capitalist thinking that drives wealth creators to places like Panama, which is rolling out the welcome mat for every entrepreneur New York chases away.

Chapters:

00:00 Show Cold Open

00:57 Live From Puerto Rico

01:59 War Headlines Fuel Rally

04:12 Bitcoin Gold Silver Check

07:07 Fed Policy And Real Rates

08:54 Producer Prices Reality Check

11:09 Paulson Warns Debt Crisis

19:09 Panama Versus New York Taxes

22:21 How Wealth Gets Created

25:42 Fair Share And Job Creation

30:03 Wealth Creation Backlash

31:52 City Owned Grocery Plan

34:11 Profit Motive And Prices

39:18 Subsidies And Market Damage

43:25 Farm Subsidies And USSR

45:36 Taxing Nonresident Condos

51:06 Why Profit Builds Cities

51:59 Property Tax Critique

59:44 Closing Markets And Gold

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