Peter's Blog

Peter Schiff: Trump Is No Reagan; Powell Is No Volker

The dollar has shown some resilience this week. The dollar index clawed back after hitting multi-year lows last week. Meanwhile, gold saw its worst single-day decline in more than a year on Tuesday. One thing that hasn’t changed is the upward pressure on bond yields. In his most recent podcast, Peter Schiff said he thinks this […]

Federal Debt: A Cancer on Economic Growth

The mainstream investment world is starting to worry about the federal debt. CNBC put it this way: Goldman Sachs sees a tidal wave of red ink — and it may drag the US economy into its undertow.” Goldman recently released a note to clients saying virtually the same thing Peter Schiff has been saying for […]

Uncle Sam Sticking His Fingers into the Crypto World; Bitcoin Regulations on the Horizon

We knew it was only a matter of time. Uncle Sam has suddenly become very interested in Bitcoin. Over the last several months, we’ve reported on various countries announcing plans to regulate cryptocurrencies. Now Congress is looking to get into the act.

Ron Paul: When It Comes to Inflation the Mainstream Is All Mixed Up (Video)

Inflation came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.” Analysts had expected January inflation to come in at 0.3, after being up by 0.1 the previous month. Instead, the December number was revised up to 0.2 and January came in at 0.5. […]

Bond Yields Up, Dollar Down…What Gives?

The US dollar dropped to its lowest level in three years Friday. Extending losses on Thursday, the dollar index against a basket of six currencies dropped to 88.253. This marks its lowest level since December 2014. A Reuters report noted that “Traders’ confidence in the dollar has also been eroded by mounting worries over the United […]

Peter Schiff: Inflation Is Good for Gold! Duh!

Inflation is back. So what does this mean for gold? The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.”

Retail Sales Tank: Is The House of Credit Cards About to Collapse?

Could the house of credit cards Americans have built be on the verge of collapse? Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they’ve been putting a lot of it on plastic. Credit card balances […]

Total Household Debt Hit Record $13 Trillion in 2017

Passage of a GOP budget that added $300 billion in new spending has focused plenty of attention on surging federal government debt over the last week or so. But Uncle Sam isn’t the only one running up those credit cards. Everyday Americans are also piling on the debt. Total household debt soared to a record $13 trillion […]

Who Is Going to Buy All This US Debt?

During a podcast last week, Peter Schiff asked a key question: Who is going to buy all of this US debt? The US Treasury Department plans to auction off around $1.4 trillion in Treasuries this year. And it won’t end there. The department expects that pace of borrowing to continue over the next several years. […]

Peter Schiff on GOP Hypocrisy, the Bond Market and Gold

The Babylon Bee captured the current state of the Republican Party in all of its hypocritical glory. The satirical website proclaimed “Republicans announce plan to pretend to be fiscally conservative again the moment a Democrat takes office.” The GOP said it would begin to decry deficit spending and the $20 trillion debt in order to […]