Peter's Blog

Peter Schiff: We Have Global Currency Weakness; They’re All Losing Value When Priced in Gold

Several currencies have been strong against the dollar over the last couple of days, but as Peter Schiff said in his podcast, the biggest gainer wasn’t a currency at all. It was real money – gold. Gold hit six-year highs on Monday and set records in a number of currencies. It continued to move upward […]

Peter Schiff: It’s the Same Economy; Nothing Has Changed

April’s jobs report came out better than expected. According to the Labor Department, the economy added 263,000 jobs last month. That came in well above the expectation of 180,000 jobs. The unemployment rate dropped to 3.6%, the lowest level since December 1969. But in his most recent podcast, Peter Schiff said the job headlines actually […]

Peter Schiff: The Fed Is a Lot More Dovish Than It Admits

The Federal Reserve Open Market Committee meeting wrapped up yesterday with Fed policy still in neutral. As expected, the FOMC left interest rates unchanged and seemed to indicate it doesn’t plan to do anything at all in the near-term. Jerome Powell’s comments dampened expectations that the central bank might move to cut rates in the […]

Peter Schiff: What’s Going on With the GDP?

The Commerce Department released the first estimate of Q1 GDP growth on Friday. It came in higher than expected at 3.2%. Somewhat surprisingly, the price of gold rose on the news and the dollar showed some weakness. The primary reason was presumably lower inflation. This means the Fed still has the excuse it needs to […]

Kicking the Can Down the Road

We got more signs that the economy is slowing down this week. And yet pundits and policymakers keep insisting everything is great. In his latest podcast, Peter Schiff says he thinks people like Donald Trump and Larry Kudlow know deep down that things aren’t that great, but they want to keep kicking the can down […]

Peter Schiff: The Political Theater of the Absurd

In his most recent podcast, Peter Schiff talked about recent Congressional hearings that featured Rep. Maxine Waters scolding bankers for creating the student debt crisis, ignoring the fact that the student loan program was nationalized a decade ago. Peter described it as the political theater of the absurd.

Peter Schiff: Capitalism Isn’t the Problem Here

How are all of these unprofitable companies staying afloat and even making big splashes with media-hyped IPOs? Peter Schiff addressed this question, along with the supposed “failure” of capitalism in his most recent podcast.

Trump Calls for Obama-Era Monetary Stimulus

The “Powell Pause” is not enough. President Donald Trump not only wants interest rates cuts; he wants to put quantitative easing back in play. During an interview Friday, the president once again complained about the Fed’s 2018 interest rate increases, saying “they really slowed us down.” Trump wants stimulus and called on the Fed to […]

Peter Schiff: A Gift From the Federal Reserve

The Dow Jones closed out Q1 2019 with its best quarterly gain since 1998, rising 10.3% through the first three months of the year. And the Dow Jones wasn’t alone in its bang-up first quarter. The S&P 500 rose 12.3%. The Russell 2000 was up 13.8%. And the Nasdaq led the entire pack with a 15.6% […]

Peter Schiff: Nobody Is Going to Buy the Fed’s BS the Next Time Around

During its FOMC meeting last week, the Federal Reserve took 2019 rate cuts completely off the table. It said it will freeze bond sales from its $3.8 trillion balance sheet later this autumn. In other words, balance sheet normalization is pretty much a done deal. Peter Schiff has predicted this would happen. He said from […]