Peter's Blog

Who Cares About the Trade Deficit? We All Should

The trade deficit shattered records in 2021. Things didn’t slow down any as we rolled into 2022. The January trade deficit hit another all-time record high. But nobody really seems to care. We should.

The Inflation Blame Game

Now inflation is Russia’s fault. Or is it greedy businesses pushing up prices? Maybe a combination of the two. It seems that government officials and central bankers are looking everywhere for a place to pin the blame for inflation except the one place they need to look — in the mirror.

Could Economic Warfare Backfire on the US?

Economic sanctions serve as a powerful foreign policy tool for the US government. But could this ultimately backfire on the US? Over the last several years, many countries have made a concerted effort to limit dependence on the US dollar. The economic warfare waged against Russia reveals exactly why.

“Greedy” Corporations Are Causing Inflation! Or Are They?

Greedy corporations are causing inflation by jacking up prices and enjoying record profits. This has become an increasingly popular talking point on the political left. Elizabeth Warren has pushed this narrative hard. And it’s patently absurd.

St. Louis Fed Pres. Bullard Lets the Cat Out of the Bag: The Fed Doesn’t Have the Stomach for an Inflation Fight

St. Louis Federal Reserve President James Bullard unwittingly let the cat out of the bag and revealed the central bank doesn’t have the stomach to do what’s necessary to take on surging, persistent inflation.

ETFs Globally Chart Healthy Inflows of Gold to Start 2022

Global ETF gold holdings started off 2022 with a healthy increase. Global gold ETFs recorded net inflows of 46.3 tons last month as gold investment demand returned with decades-high inflation and heightened market volatility. Total ETF gold holdings globally ended January at 3,615.6 tons, according to the latest data from the World Gold Council.

Peter Schiff MoneyShow Talk: Stagflation Will Shock the Markets

Peter Schiff recently spoke at the January 2022 Virtual MoneyShow. He talked about the impacts of inflation and said stagflation is going to shock the markets.

Mainstream Suddenly Realizes Raising Interest Rates in a World Buried in Debt Might Be a Problem

The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I’ve been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream. A CNBC article declared, “Fed rate hikes will intensify a global debt crisis, research warns.”

Joe Biden’s Economic Dumb-Guy Argument

President Joe Biden is running around trying to take credit for a “booming” economy. It’s the ultimate political dumb-guy argument.

Biden Is Going to “Fix” the Meat Supply Chain? The Government Broke It Decades Ago

Elizabeth Warren and others are running around blaming inflation on greedy corporations’ “price gouging.” Of course, this narrative falls apart when you realize producer prices are rising faster than consumer prices. If anything, producers are letting consumers gouge them by not passing on all of their rising costs.