Peter's Blog

WeWork IPO Disaster Reveals the Danger of the Fed’s Easy Money Policy

On several podcast episodes, Peter Schiff has talked about the warning signs we’re seeing on Wall Street through the struggles of so-called unicorn companies. Unicorns are privately held companies valued over $1 billion. Companies like Lyft, Chewie, Uber and WeWork were the darlings of WallStreet. Their IPOs were much-anticipated by investors. They are also the […]

The Fed Is Working From a Position of Fear

The stock market keeps hitting new highs and employment reports continue to look good. President Trump and central bankers at the Fed like to point to this and tell us that the economy is doing good. But as Peter Schiff explained in his latest podcast, the markets aren’t making highs because the economy is good. […]

Negative Interest Rates: The Price We Pay for De-Civilization

President Trump recently took aim at the Federal Reserve once again, accusing the central bank of “holding back” America’s economy. The president was responding to a FOX Business Varney & Co. segment about negative interest rates in Europe and Japan. Trump said the Fed should follow the lead of European and Japanese central banks into […]

Elizabeth Warren Is a Bad Economist!

According to Elizabeth Warren, we have a problem. And like every good central planner, she believes she can fix it. In fact, Warren has made, “I have a plan for that,” a campaign slogan. These people never learn. They try to micromanage the economy, create all kinds of unseen consequences, blame “capitalism,” and repeat the […]

Stimulus Doesn’t Stimulate: The Case of Japan

Last week, Keynesian extraordinaire Paul Krugman called for more fiscal stimulus in the form of a “government investment program.” Mike Maharrey poked fun of him in his Fun on Friday column. But while it might be amusing to crack jokes at the expense of Keynsians and their obsession with both fiscal and monetary stimulus, the […]

The Founders Warned Us About Central Banking

The following article was written by South Carolina state Rep. Stewart Jones. The views expressed do not necessarily reflect those of Peter Schiff or SchiffGold. The Federal Reserve just lowered interest rates for the second time this year and announced more quantitative easing by injecting even more US dollars into the market. The days of cheap money […]

Nobody Knows the “Correct” Fed Policy

Central bankers suffer from what some might call fatal conceit. They actually believe that if they tinker enough, they can come up with a policy that will work “just right.” Maybe we should call it the Goldilocks Syndrome. But the truth is they don’t know.

Big Chunks of Gold!

By Alex Lemaire People have been searching for gold for centuries. Usually, it takes considerable effort to find gold, but one Australian family found a nugget literally just lying on the ground. When you think of a gold nugget, you probably imagine a chunk of the yellow metal that you can hold in the palm […]

Europe Joins the De-Dollarization Party

We’ve written extensively about a push toward de-dollarization by countries like Russia and China and their desire to undermine the ability of the US to weaponize the dollar as a foreign policy tool. The global gold rush on the part of central banks is part of this movement. And it’s not just countries like Russia […]

Could Platinum Serve as Money?

While investors often treat gold as a commodity, at its core, gold is money. Silver also has a long history as a monetary metal. But what about other rare metals? Could they serve as money as well? In the following guest column, SchiffGold client Antony Pouros makes the case for platinum.