Peter's Blog

The Problem with Mandatory Voting (Video)

Fox Business’ Kennedy spoke with Peter Schiff about President Obama’s praise for a mandatory voting system. Peter argued that mandatory voting doesn’t automatically lead to better government, because people won’t necessarily be making informed decisions. What’s worse, mandatory voting could only be enforced with monetary penalties, which would just become another tax burden. Kennedy and […]

David Stockman: The Federal Reserve Is Out of Control (Video)

David Stockman told Fox Business that the United States’ biggest economic priority should be getting the Federal Reserve under control. With a balance sheet that has quadrupled in just a few years, the Fed is incapable of sustaining its fiscal policy. Raising the Fed funds rate will add billions more to the already ballooning debt. […]

The Dollar Has No Floor, and Gold Has No Ceiling (Video)

In another interview on Yahoo! Finance, Peter Schiff contradicted the conventional narrative of the dollar’s future. He argued that the dollar’s brief, but dramatic dip this week is only a taste of what’s to come. Just like those who invested in subprime mortgages, people will get caught in the reversal and implosion of the dollar. […]

There Are No Real Goal Posts for Raising Rates (Video)

Appearing on Yahoo! Finance, Peter Schiff underscored that the Federal Reserve has been bluffing about raising interest rates. In fact, they will continue to bluff for as long as possible until they’re forced to deal with a deflating asset bubble. He also pointed out the arbitrariness of the Fed’s supposed goal posts: previously they had […]

An Economic Wake-Up Call to a Deaf Congress (Video)

Laurence Kotlikoff, Professor of Economics at Boston University, appeared before Congress last month and called them out on phony accounting. He told Greg Hunter of USAWatchdog that despite his best attempts, he could not make senators see how the fiscal situation of the country is not as rosy as official numbers would have us believe. […]

A Fed Rate Hike Is “Possible,” but Inflation Is Inevitable (Video)

Peter Schiff has been making the rounds of the financial media this week, warning that the Federal Reserve has no intention of raising interest rates. Fox Business moved on from this topic and asked Peter to defend the latest weakness in the gold price. Peter noted that gold has risen 5-fold in the last decade […]

Peter Schiff Debates Monetary Policy and Bailing on the Dollar (Video)

The Federal Reserve removed “patient” from its policy statement and the media exploded with speculation on what the move might mean. Peter Schiff appeared on a panel discussion on Canada’s Business News Network to address the idea that removing the word means the Fed intends to raise rates. The discussion turned into a lively debate […]

The Fed Is Duty-Bound to QE (Video)

Peter Schiff is one of the only voices warning that the Federal Reserve is going to start a new round of quantitative easing instead of raising rates. You can add well-known investor and analyst Jim Grant to the list of contrarian economists. Yesterday, Grant told CNBC that the Federal Reserve will revert to its worn-out […]

Is China Stockpiling Gold to Unpeg from the Dollar?

Bloomberg hosted ANZ Chief Economist Warren Hogan to discuss Asian demand for gold. Hogan co-authored a new study showing that gold demand in Asia is poised to rise substantially. As supply constraints lift and incomes in the East rise, consumers in countries like China and India will continue to buy record amounts of gold. More […]

We Live in a “Black Swan” World

Bloomberg had a roundtable discussion with Nobel Laureate Robert Shiller, author of Irrational Exuberance, about keeping past economic disasters in mind. In particular, they discussed the worry that the stock market is on the verge of another 1937 and a 50% correction. 1937 was the year that the word ‘recession’ was invented. Did you know […]