Peter's Blog

The Fed’s Feckless Inflation Fight

The Fed is supposedly about to step into the ring to fight inflation. But all indications are it’s going to be a feckless fight.

Peter Schiff: Beware of Gold Scams

Gold is an important part of your investment portfolio. But when you’re buying gold, you don’t want to overpay and you need to be on the lookout for scams.

Biggest Federal Budget Deficit Since July; This Is Bad News for the Fed

If you thought the federal government running a budget surplus in January was a sign that Washington D.C. was getting its fiscal house in order, you’re going to be disappointed. Uncle Sam ran the biggest deficit since last July in February.

Peter Schiff with Tucker Carlson: Inflation Only Has One Way to Go!

Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it’s only going to get worse. Inflation only has one way to go. Up.

Treasury Runs Largest Deficit in 8 Months After First Surplus in 2.5 Years

In January, the US Treasury realized its first surplus in 2.5 years. The surplus was short-lived. The Treasury went in the red by $216.6 billion in February.

Bad News and Really Bad News: SchiffGold Friday Gold Wrap March 11, 2022

We got the February CPI data yesterday. There is some bad news in the report and then there is some really bad news. In this episode, SchiffGold Friday Gold Wrap Host Mike Maharrey breaks it all down. He also talks about gold’s rollercoaster ride this week in the context of inflation and the Russia-Ukraine situation.

Comex Update: First Gold and Now Silver

Weeks before the Russian invasion of Ukraine, I highlighted Comex data points that could signal a big move ahead in gold. The invasion may have been the spark to light the fire, but the data showed the groundwork was being laid back in January. Silver has now sent up its own flare that may be […]

Inflation Up 0.8% Month-on-Month and Shows No Sign of Slowing

The latest seasonally adjusted inflation rate for January was 0.8% month over month. The non-seasonally adjusted annual rate came in at 7.87%. Both of these numbers were slightly above expectations. Unlike last year, where one component made up the bulk of the move, the past several months have shown increases more evenly spread across the […]

CPI Hits 7.9%; And It’s Worse Than That

The Consumer Price Index data for February just came out. It was smoking hot yet again with prices up 0.8% month-on-month and 7.9% on an annual basis. Keep in mind, this was before the big spike in oil prices due to the Russian invasion of Ukraine. And inflation is even worse than the official government […]

Is the US Undermining the Dollar’s Credibility?

The credibility of the dollar is taking some self-inflicted blows. And the world is watching. Could this hasten the end of the greenback as the world’s reserve currency?