Peter's Blog

Gold Is the Solution for Financial Crises — Not the Cause

Most people have a sense of history that goes back about two weeks. This is especially true in the world of investing and finance. As a result, people have a hard time seeing the big picture. For instance, a lot of people think the current inflation crisis was only due to the Fed failing to […]

Peter Schiff: The Fed Got Everybody Drunk on Cheap Money But the Party Is Over

A lot of people seem to think that if the Fed had just started fighting inflation a little earlier, we wouldn’t have seen the rapidly rising prices that continue today. The mistake, they say, was thinking inflation was transitory. But as Peter Schiff has pointed out, this problem didn’t start last year, or even with […]

Comex Results: This Game Has Changed

“How did you go bankrupt?” “Very slowly at first, and then very quickly?” The data shows that the Comex is in the middle of experiencing a run on its vaults that is really taking its toll and continuing to accelerate. If you read no further in this analysis, first just take a look at Figure […]

The Fed is Still Coming up Short on QT

The Fed is supposed to be reducing the balance sheet by $95B a month. This is up from $47.5B before September. As the chart below shows, the Fed has only succeeded in meeting or exceeding its goal a single time (August) in 6 months. In the latest month, the Fed came up 25% short with a […]

No More Recession? Not So Fast! SchiffGold Friday Gold Wrap Oct. 28, 2022

The third quarter GDP data came out this week and it looks like the recession is over. (If there ever was one.) But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the data and says, “Not so fast!” He also talks about a mainstream economist who sounds a lot […]

Recession Warning: October PMI Tanks

People keep saying the economy is fine. We’re not in a recession. There’s nothing to see here. Meanwhile, business activity contracted for the fourth straight month in October.

Peter Schiff: Fed Folds With a Soft Pivot

We have been saying the Federal Reserve is bluffing in this inflation fight because it is holding a losing hand. And Peter Schiff thinks the central bank has folded with a soft pivot. He explained why on his podcast.

Money Supply Growth Rate Still Negative

Money Supply shrunk last month by $129B, the largest monthly fall ever going back to 1959. April and June also set records at the time from a gross change perspective. From a percentage amount, Feb. 1970 had been the largest contraction ever (-6.5% annualized), but the current month beat that number at -6.9% annualized.

Number of Americans Living Paycheck to Paycheck Approaching All-Time High

Inflation is squeezing American budgets to the breaking point. According to a LendingClub survey, the number of Americans living paycheck to paycheck is nearing record levels.

Economist Nouriel Roubini: The Fed Is Going to Wimp Out in the Inflation Fight

Economist Nouriel Roubini says Federal Reserve is going to “wimp out” on the inflation fight and that will lead to a dollar crash. Roubini is the Professor Emeritus at the Stern School of Business, New York University. He recently appeared on Bloomberg Markets and Finance to talk about threats to the global economy. Roubini predicted […]