Peter's Blog

The Fed Is Losing Billions and It Could Take Four Years to Make It Up

The Federal Reserve has lost well over $100 billion dollars, and even when it returns to “profitability,” it will likely take over four years before the central bank is completely in the black. And you’re going to foot the bill.

Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024

Deutsche Bank economists say the Federal Reserve will create more inflation in 2024. OK, that’s not exactly what they said. But that is the implication of their latest forecast.

Chinese Investors Turning to Gold

Chinese investors are turning to gold. China Daily called the demand for gold “robust” through the first three quarters of 2023 and said it is expected to continue “as economic and geopolitical uncertainties may drive up investors’ purchases of safe-haven assets.”

Fed Bank Bailout Program Borrowing Surged in November

The financial crisis that kicked off in March continues to bubble under the surface. Total outstanding loans in the Federal Reserve’s bank bailout program jumped by just over $5 billion in November.

Dollar’s TWI and Bond Yields Decline

Ahead of a possible challenge on the $2,000 level, gold consolidated recent rises this week, and silver held up well. This morning in European trade, gold was $1995, up $15 from last Friday’s close, and silver was $23.70, unchanged on the week. Comex volumes were healthy, despite the Thanksgiving holiday in the US.

An Economics Lesson from the Pilgrims: SchiffGold Friday Gold Wrap Nov. 24, 2023

Did you know Thanksgiving almost didn’t happen thanks to the Pilgrims’ experiment with socialism? It didn’t work. Fortunately, they figured out some economic truths and the rest is history. In this episode of the Friday Gold Wrap, host Mike Maharrey tells the Thanksgiving story you almost certainly didn’t hear in school. He also explains why […]

Managing a Crisis

This article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore confidence in the global economic outlook. There is a long history of government intervention in markets. In the nineteenth century, it was by legal regulation, the most notable of which was […]

Americans Increasingly Tapping Into Their Retirement Accounts to Make Ends Meet

“Resilient” American consumers are digging into their retirement funds to pay their bills. Mainstream financial pundits, politicians, and Fed officials keep telling us the economy is strong because Americans keep spending money. They just assume this is a sign of economic strength without ever asking exactly how they’re paying for all of this “robust” spending.

Shrinkflation: Robbing Us Quietly in Back Alleys

Inflation robs you of purchasing power by driving up the price of everything you buy. You see the impacts of inflation every time you go to the store. But sometimes inflation hits you in a more subtle way that’s difficult to see – through “shrinkflation.” I experienced shrinkflation first-hand last weekend.

Industrial Demand for Platinum Driving Significant Supply Shortfall

The world faces a significant platinum supply shortfall due to record industrial demand. According to a report by the World Platinum Investment Council (WPIC), the platinum market faces a 1.07-million-ounce deficit in 2023. The supply shortfall is expected to extend into 2024. With two years of significant market deficits, we will likely see upper pressure […]