Peter's Blog

Fed Might Begin Thinking about Maybe Raising Rates Possibly in the Future (Audio)

After her testimony to Congress this week, the mainstream media reported that Janet Yellen has put the Federal Reserve on the path to raising interest rates. However, Peter Schiff digs into Yellen’s official testimony from this week, showing beyond a shadow of a doubt that the Fed hasn’t even begun to think about a rate […]

Central Banks Are Fully Committed to Radical Intervention (Video)

James Grant, Founder of Grant’s Interest Rate Observer, spoke with Kitco about his disappointment in the current price of gold. He places most of the blame on central banking, and the market’s inability to understand the long-term consequences of monetary manipulation. However, Grant believes it won’t be long before the world wakes up to the […]

Look for Gold-Backed Currencies in Next 10 Years (Video)

Eric Sprott, the well-known billionaire asset manager, believes that investors need to buy gold and silver to protect themselves from the increasingly volatile currency markets. Last year, 84% of the world’s population would have made money owning gold. Sprott puts his money where his mouth is, claiming that 80% of his assets are in precious […]

The Unseen Consequences of Wal-Mart’s Wage Hike (Video)

Wal-Mart announced yesterday that it is going to raise its minimum wage to $9 an hour, which will affect a half-million employees. Many are praising the company and saying this will improve the lives of low-wage workers, while also providing a boost to the American economy. However, Peter Schiff isn’t so optimistic. He explained to […]

The Real Money IQ Test (Video)

Jim Rickards, author of Currency Wars, describes a game he plays with audiences when he speaks about gold and paper money. He presents to them US dollars, Monopoly money, and a gold coin. Then he asks, “Which of these is not like the other?” Ivy League professors nearly always rationalize that the dollars are different, […]

Gold Videocast: America’s New “Job-Sharing” Economy (Video)

Gold surged more than 10% in January, but lost a lot of ground on news of continued strong jobs growth. Peter argues that Obamacare is skewing the employment data. To avoid the additional costs of full-time employees, businesses are cutting workers to part-time hours while hiring additional staff. But “job sharing” is a double-edged sword […]

Faber: I Buy Gold Every Month to Protect Against Central Bank Manipulation

RT asked Marc Faber why he invests in physical gold. Faber emphasized that nobody should put all of their assets into physical precious metals. However, if investors want to protect themselves from the volatile bubbles created by the Federal Reserve since the late 1990s, then gold and silver are essential assets. Precious metals are Faber’s […]

The US Needs the Next Crash Sooner than Later (Video)

USAWatchdog’s Greg Hunter spoke with Peter Schiff this week. They discussed the intricate problems of Europe and Greece, the phony economic recovery in the United States, and how investors can protect themselves when wars break out. Peter also responded to the ongoing negative sentiment of gold bears who continue to predict a lower gold price […]

We’re Living in an Economic Twilight Zone (Audio)

Peter Schiff is flabbergasted that the financial media is reporting China’s large trade surplus as a negative for its economy, while America’s huge trade deficit is portrayed as a positive. Both China’s surplus and America’s deficit are blamed on the same thing – a strong currency. After debunking this misinformation, Peter moves on to tear […]

The Perils of a Parasite Economy (Video)

John Stossel and Peter Schiff discussed why the bailout of the big banks during the 2008 financial crisis simply laid the groundwork for a more severe economic calamity. If the free market were allowed to function, short-term economic pain would be overcome by a more fundamentally sound and independent economy. Unfortunately, Peter observes that the […]