Peter's Blog

The trillions of dollars the Fed created during the pandemic quietly transferred wealth from ordinary Americans to those who received the new money first, leaving prices roughly 30 percent higher than in 2019. With neither party willing to confront the central bank at the root of the problem, voter anger over the cost of living […]

Public trust in the federal government has collapsed to historic lows, and much of the world now views Washington as a debt-laden empire with no plan beyond more spending and more printing. As foreign nations lose faith in US Treasuries and turn to gold, the dollar’s century-long run as fiat money is facing growing skepticism […]

Federal Reserve Governor Christopher Waller delivered a notably blunt assessment of the U.S. economy on November 10th, telling attendees at the Bank of England Watchers Conference in London that September’s inflation figures were bad, full stop. Personal Consumption Expenditures (PCE) inflation, the Fed’s preferred gauge, rose 0.5% for the month and 3.7% over the year, […]

Bitcoin is supposed to be digital gold. A scarce asset that governments can’t print, banks can’t inflate away, and investors can hold when confidence in the financial system deteriorates. So why does it sometimes trade like a leveraged bet on Silicon Valley? Bitcoin’s latest selloff arrived alongside a broader retreat from technology stocks, particularly companies […]

Wall Street loves a historical pattern. Sell in May. Buy the dip. Don’t fight the Fed. And every four years, another familiar statistic makes the rounds: stocks almost always rally after midterm elections. This time, investors have a particularly interesting test of that theory. Following the November 3 elections, stocks initially surged. The S&P 500 […]

In his latest podcast, Peter breaks down the latest inflation data and explains why the Federal Reserve finds itself cornered with no real options left to fight rising prices. He also analyzes Strategy’s Bitcoin buybacks, the political blame game over the affordability crisis, and Donald Trump’s curious claims about his own net worth. Peter opens […]

Richmond Fed President Tom Barkin delivered a speech titled “The Rooms Driving the Economy” on November 9th at the Greater Greer Chamber of Commerce in Greer, South Carolina, offering an unusually candid account of an economy that looks healthy on paper but strained underneath. Barkin acknowledged that inflation has remained above the Federal Reserve’s 2% […]

What does democracy need to persist? Democracy often lays the groundwork for its own destruction. While democracy itself is merely a neutral form of governance, it has a set of perverse incentives that lead it into destruction if those incentives are not carefully guarded against. Democracy, since the time of the Athenians has created a […]

In his latest interview with Darrell from VRIC Media, Peter walks listeners through why he remains unshaken by market turbulence, breaking down the mechanics of America’s debt spiral and the rising bond yields that threaten to blow up the US budget. He also criticizes at Donald Trump, questioning both his motives in the White House […]

In Friday’s podcast episode, Peter breaks down the recent wave of Democratic victories across the country and what they reveal about the true state of the American economy. He connects the dots between voter frustration, Trump’s disconnect from everyday struggles, and the coming political and financial consequences, including his forecast for gold, silver, and the […]