Peter's Blog

Biden and the Media Are Gaslighting Us About Inflation

The Federal Reserve and the US government create inflation and then blame everybody else. President Joe Biden recently finger-pointed at “greedy corporations,” saying they need to “lower prices” now that inflation come down. Whether he is really that ignorant or just lying, Biden’s comments serve a purpose. As Ron Paul put it, they gaslight the […]

Tanzania Central Bank Announces Plan to Buy More Gold

The Bank of Tanzania plans to buy 12 tons of gold during the fiscal year in an effort to boost its foreign exchange reserves. The East African nation joins a growing number of central banks turning to gold.

The World Is Sitting on a Powder Keg of Debt

The Federal Reserve recently surrendered in its inflation fight. But price inflation is nowhere near the 2% target. Why did the Fed raise the white flag prematurely? One of the major reasons is debt. The world is buried under record debt levels and the global economy can’t function in a high interest rate environment.

Peter Schiff: Bidenomics Is Putting Lipstick on a Pig

Peter Schiff recently appeared on Real America with Dan Ball to talk about the state of the US economy. He described it as a disaster and said Bidenomics consists of putting lipstick on a pig.

Peter Schiff: Dow Jones Still Far from Record When Priced in Gold

The Dow Jones index hit record highs last week. But when you price the index in real money — gold — it remains far below record levels.

Peter Schiff: Fed Tries to Temper Rate Cut Enthusiasm

After the Federal Reserve effectively surrendered to inflation at its December meeting, projecting three rate cuts next year, New York Fed President John Williams tried to walk the surrender back. In his podcast, Peter Schiff analyzed Williams’ more hawkish comments and compared them to Powell’s dovish stance after the FOMC meeting. Williams said, “We aren’t […]

What a Difference Two Weeks Makes! SchiffGold Friday Gold Wrap Dec. 15, 2023

Two weeks ago, Federal Reserve Chairman Jerome Powell said it would be “premature” to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down this week’s […]

Biden Administration Runs Record November Budget Deficit

The Biden administration just ran the largest November budget deficit in history. And it managed this feat even with a 9% increase in government receipts.

The Fed Surrenders to Inflation!

The Federal Reserve just surrendered to inflation. Fed officials won’t call it a surrender. They’re claiming victory. But surrender is the effect of the policy trajectory laid out by the Federal Open Market Committee (FOMC) at its December meeting.

Inflation in Real Life Much Worse Than in Government Fantasy World

Inflation is dead! At least that’s what you would think if you listen to government officials and talking heads in the financial media. So, how is this victory over inflation working out for the average person? Not so great.