Peter's Blog

Why Capitalism’s Real Alternatives Are Worse

As Trump’s crony capitalism and socialist inroads in the Democratic Party crowd out defenders of free markets, many assume the only choice is between capitalism and socialism. But a third danger lurks — the possibility that rejecting both leads not to liberty, but to feudalism or primitivism, systems where rights collapse and poverty reigns just […]

Peter Schiff: Debt, AI Mania, and Why Gold Wins

On Wednesday’s episode of The Peter Schiff Show, Peter connects a string of current worries: presidential promises about an Iran deal, sticky bond yields, a massive AI-driven capital expenditure boom, and renewed fragility in crypto finance. He ties them together with a warning about the unsustainable burden of debt and a reminder that sound money, […]

International Countries have only bought 10% of total new debt over 18 months

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends. Breaking Down the Balance Sheet As soon as the Fed ended Quantitative Tightening they launched a new round of Quantitative Easing. As shown […]

Schiff on Kitco News: Cheap Debt Today, Pain Tomorrow

On Tuesday, Peter appeared on Kiko News to warn that markets and the public are underestimating how costly the United States’ borrowing binge will become. He walks through bond market complacency, rising consumer inflation expectations, the danger that foreign creditors may stop funding the deficit, and how politics has dulled fiscal accountability. He also points […]

Propping Up the Yen, Again and Again

Can Japan just keep propping up the yen forever?  At a certain point, Japan won’t be able to just keep dumping dollars and Treasuries to prevent its currency from imploding.  With an economy so sensitive to rate hikes after decades of zero-interest rate policy, the Bank of Japan can’t endlessly jack up the cost of […]

Historic Red Retirement Rates

Before the upcoming midterm elections, a record number of incumbent House Republicans are set to retire. Historical data suggests that this is going to make it extremely difficult for Republicans to hold onto the House. When a large number of incumbents retire or do not seek office, it is very difficult to gain lost ground […]

Gold Continues to See Consistent Exit of Metal from Comex Vaults

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.). The data below looks at […]

Schiff w/ Cole: Debt-Fueled Living Can’t Last

Earlier this week, Peter joined Harry Cole to warn listeners that the U.S. economy is running on promises it cannot keep. He lays out how trade deficits, mounting government obligations, and post-Covid spending have accelerated inflation and pushed long-term interest rates higher. Along the way he touches on the social safety net, the risk of […]

Both Parties Get “Tax the Rich” Wrong

The debate over taxing the rich has returned to the headlines, with progressives arguing that no one can legitimately earn a billion dollars and conservatives firing back that wealth at the top reflects risk-taking and value creation. Both sides, however, miss the deeper truth: a century of government intervention has so warped the economy that […]

Inflation Surges as War Spending and Deficits Grow

The latest inflation reports show price increases surging to multi-year highs across nearly every major category — driven not just by energy costs, but by the Federal Reserve’s continued easy-money policies and the compounding fiscal burden of new wars and runaway deficits. The following article was originally published by the Mises Institute. The opinions expressed […]