Peter's Blog

EU Announces New Payment System to Circumvent US Economic Sanctions

The EU has announced it will create a special payment channel to circumvent US economic sanctions and facilitate trade with Iran. Last month, German foreign minister Heiko Maas called for the creation of a new payments system independent of the United States. The announcement Monday sets that plan in motion.  

Peter Schiff: The “Trump Tariff Put” on the Stock Market Is Worthless

The Dow Jones pushed into record-high territory again late last week. As Peter Schiff pointed out in his latest podcast, Pres. Trump was out there pointing out the record run on Wall Street and claiming responsibility for this bull market. Just turn on Fox News and hardly a segment will go by that somebody isn’t […]

Some Mainstream Bullishness for Gold

Some people out there in the mainstream are saying now is the time to buy gold. In recent months, the mainstream investment world has by and large either ignored the yellow metal or outright spurned it. After all, stocks are soaring. The economy is doing “great.” There’s nothing to worry about — at least that’s […]

Bill Introduced in Congress to Eliminate Capital Gain Taxes on the Sale of Gold and Silver Bullion

A bill introduced in the US House would eliminate capital gains taxes on gold and silver bullion. Rep. Alex Mooney (R-W.Va.) introduced HR6790 on Sept. 12. Titled the Monetary Metals Tax Neutrality Act of 2018, the legislation would amend the IRS code to exempt the sale of “refined gold or silver bullion, coins, bars, rounds, or […]

Debt Is a Powder Keg and Rising Interest Rates Are Matches

If you look at past financial and economic crises, what is the common denominator? Debt. That’s why we talk so much about debt on these pages. 

Bond Yields Climbing: Could the Chinese Weaponize US Debt?

Yields have been on the rise this week in the midst of a bond market sell-off. Two-year borrowing costs hit their highest level in a decade Wednesday. The yield on the 2-year Treasury climbed to 2.816%. Meanwhile, the 10-year Treasury yield hit a four-month high of 3.07%. What’s going on here?

Peter Schiff Talks Trade War and Politics

The trade war between the US and China escalated again this week. The US slapped an additional $200 billion in tariffs on Chinese goods. The tax starts at 10% and will increase to 25% by the end of the year. China retaliated by announcing another $60 billion in tariffs on US goods. As Peter Schiff noted […]

Jim Rickards: The Slow-Motion Meltdown

Sept. 15 marked the 10-year anniversary of the Lehman Brothers bankruptcy. Many investors undoubtedly remember that day clearly. But as Jim Rickards pointed out in a recent article at the Daily Reckoning, that day was actually the culmination of a long meltdown. Investors should have seen it coming. In fact, they could have seen it coming […]

Inflation Is Eating Up Your Wage Growth

When the August jobs report came out earlier this month, much was made over the “solid” wage growth. Average hourly wages increased by 2.9% on an annualized basis. Peter Schiff raised an important question when the report hit the news cycle. Is this wage growth indicative of a growing economy? Or is it simply a […]

The Rotten Underbelly of Today’s “Booming” Economy

“The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time and still retain the ability to function.” – F. Scott Fitzgerald On the one hand, things in the economy look pretty good. The mainstream pundits sure seem to think so. They fill the financial […]