Peter's Blog

The US Economy Needs to Rebuild from the Ground Up (Video)

Peter Schiff spoke with Graham Ledger about why the United States economy will only truly recover when the Federal Reserve completely abandons quantitative easing and zero-percent interest rates. Unfortunately, Peter thinks this is highly unlikely due to the political ramifications. Raising interest rates to normal levels right now would likely pop the current stock market […]

Bad Weather Over, but Bad Economic News Keeps Coming (Audio)

Currency traders have been blaming the weak first quarter GDP on poor weather. Peter Schiff argues that they’re going to have to start looking for new excuses, because April data is starting to trickle in and it doesn’t look good at all.

Gold Will Return as Money in Next Generation (Video)

In his keynote address to the Mines and Money Hong Kong conference, Doug Casey shared his predictions for the future of the world economy and the mining industry. Casey is a well-respected economist and seasoned, expert analyst of the precious metals industry. His economic viewpoint aligns with Peter Schiff’s, and he believes that the astronomical […]

Ron Paul: A Dollar Crisis Is Inevitable, but Unpredictable (Video)

Ron Paul appeared on CNBC to warn that a US dollar currency crisis is inevitable. The host tried to zero-in on a specific time frame for a crisis, but Dr. Paul emphasized that the catalyst for such an event will be an unpredictable change in investor psychology. Most of the time these things [currency crises] […]

Greece May Adopt Drachma; US Already Has – Gold Videocast

One proposed solution to Greece’s European debt problem is for the Mediterranean country to abandon the euro and resurrect its old currency, the drachma. In his April Gold Videocast, Peter Schiff explains why a new drachma would be ideal for Greek politicians, but a disaster for Greek citizens and creditors. Peter also reveals why the […]

Gold Strength on Strong Dollar Indicates Bottom (Audio)

On Friday, Peter Schiff looked back at a week of market rallies. While the US dollar strengthened, so did gold. In fact, gold approached a 2-year high in euros. Combined with the ongoing negative US economic data, this leads Peter to believe that there is a solid bottom in the gold market. At the end, […]

Don’t Expect a Rate Hike, because the Fed Is Clueless (Video)

Marc Faber told Kitco News the same thing Peter Schiff has been warning — the United States economy is too weak for the Federal Reserve to raise interest rates in June. Faber believes that eventually the markets will wake up to just how ignorant and powerless global central banks are. When that happens, investors will […]

The Fed Has Promised Too Much and Can Only Deliver Bubbles (Video)

In an interview on Bloomberg, former Morgan Stanley chief economist Stephen Roach tears apart the monetary policy of the Federal Reserve. Roach explains that Ben Bernanke has blatantly admitted that the Fed’s goal is to stimulate the economy by growing asset bubbles. Roach’s indictment of the Fed and the US economy is severe, but he […]

Gold Is Once Again Outperforming Stocks (Video)

The price of gold surged this week after the poor jobs numbers released last Friday. The yellow metal is now up about 3.5% in 2015, while the S&P 500 is up barely 1.5%. As usual, technical traders are now jumping on the gold bull wagon, at least temporarily. In this short CNBC interview, precious metals […]

US Economy Is Running Out of Jobs and Excuses (Video)

Last week, the March jobs data finally began to match the rest of the terrible economic data in America. While analysts are blaming the lower-than-expected non-farm payroll numbers on poor weather, the employment picture is actually worse than the first quarter of last year when the “polar vortex” swept through the country. In his latest […]