Peter's Blog

Russia Is Quietly Making the Case for Owning Gold

Russia has quietly made the case for owning gold. The head of the Russian Parliament, Pavel Zavalny, made comments recently addressing the subject of economic and financial sanctions. It’s clear that gold is playing a large role in protecting Russian wealth. That role may get bigger and it could create a paradigm shift in how […]

Was March a Strong Jobs Report? Maybe…

According to the BLS, the economy added 431k jobs in March. February was revised up to 750k from an original 678k. The unemployment rate fell to 3.6%. It would appear this was another strong jobs report. But when you did into the data, it’s not that clear-cut.

Quantitative Easing Has Seemingly Ended (for now)

It appears quantitative easing has pretty much come to an end. At least for now. Although the Fed was still expanding the balance sheet through mid-month, it only added a net $9B to the balance sheet during March. This was accomplished with moderate purchases of short- and long-term debt, while 5–10-year notes had a $20B […]

Words Mean Things: SchiffGold Friday Gold Wrap April 1, 2022

When you change the definition of words, it can create confusion. This is exactly why politicians have worked so hard to change the definition of inflation. As a result, a lot of people are very confused. In this Friday Gold Wrap podcast, host Mike Maharrey explains how the meaning of inflation has changed and why […]

Gold Enters April Delivery on a Strong Note

Based on COMEX data, gold is set to have another strong month in April, which is not surprising given the lead-up.

Mortgage Rates Chart Biggest Weekly Increase in 11 Years

The Federal Reserve launched its fight against inflation earlier this month, but it wasn’t exactly shock and awe. The Fed raised interest rates by just a quarter percent.  Peter Schiff called it the most anticipated and least significant rate hike ever. Meanwhile, the central bank continued to expand its balance sheet. While the Fed’s tiny […]

Peter Schiff: Eurozone Inflation Exposes European Central Bank Lies

During a recent podcast, Peter Schiff talked about how the Bank of Japan lied about inflation being too low in order to justify its reckless monetary policy and keep interest rates artificially low in order to prop up the country’s massive debt. In a subsequent podcast, Peter talked about similar lies coming out of the […]

Peter Schiff: How Long Before the Fed Has to Turn Japanese?

Is the US about to go the way of Japan? The Japanese yen tanked after the Bank of Japan vowed to buy an unlimited number of Japanese government bonds in order to hold the 10-year yield under its 0.25% target.

Yield Curve Inversions Flashing Recession Warning Signal

We’ve seen a number of inversions in the Treasury bond yield curve over the last couple of weeks. This is a recession warning signal. In his podcast, Peter Schiff said the markets are right about the looming recession. But they’re not getting the whole picture.

The National Debt Doesn’t Matter?

The national debt stands at $30.3 trillion and the US government continues to run massive deficits. But does it really matter? Some people say that it doesn’t because “we just owe the debt to ourselves.”