Peter's Blog

Americans Spending More, Getting Less and Borrowing More to Pay for It

American consumers are spending more, getting less, and borrowing more to fund this involuntary spending spree. Retail sales in March were 7% higher than they were in the stimulus-fueled March of 2021, but thanks to inflation, they didn’t get as much bang for their buck.

The Surge in Gold Inventory Continues at Comex

This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.

Oof! That Didn’t Age Well!

On July 23, 2020, CNBC published an article by Elizabeth Schulze headlined: Here’s why economists don’t expect trillions of dollars in economic stimulus to create inflation. That one didn’t age well, did it?

Peter Schiff: The Risk of a Market Crash Keeps Growing

Bonds continued to get hammered. On Tuesday morning, the yield on the 10-year Treasury rose above 2.9%, and the yield on the 30-year is knocking on the door of 3%. Since bond yields rise as bond prices fall, this indicates a serious decline in the bond market. In his podcast, Peter Schiff said that at […]

If the Fed Is Fighting Inflation Why Is the Balance Sheet Still Expanding?

If the Fed is fighting inflation and has ended quantitative easing, why is its balance sheet still going up? In the week ending April 13, the balance sheet grew by $27.9 billion, hitting a new record of $8.965 trillion. This is up about $3 billion from its previous high in March.

Peter Schiff and Megyn Kelly: “Putin’s Price Hike” Is a False Narrative

The Consumer Price Index hit 8.5% on an annualized basis in March, the highest level since 1981. In an attempt to get ahead of what everybody knew would be bad news, the Biden administration started blaming Russia for the big CPI before the data even came out. White House press secretary Jen Psaki said, “We […]

Powell’s Price Hike: SchiffGold Friday Gold Wrap April 15, 2022

We got the CPI data for March this week. As expected, prices spiked significantly again last month. A lot of people in the mainstream are calling it “Putin’s price hike.” Friday Gold Wrap host Mike Maharrey says it would be more appropriate to call it Powell’s price hike. In this episode of the podcast, he […]

More Inflation Pain: Producer Prices Chart Biggest Increase Ever

The mainstream seemed to take the March CPI data as good news. With core CPI coming in below expectations, the narrative is that we’ve probably hit peak inflation. But the producer price data that came out yesterday tells a different story.

Peter Schiff: Peak Inflation Is Just Wishful Thinking

As expected, the March Consumer Price Index was smoking hot with a 1.2% month-on-month increase and an 8.5% annual gain. But the mainstream found a silver lining in the numbers. Core inflation wasn’t quite as high as expected leading many to conclude that we’ve reached “peak inflation.” In his podcast, Peter Schiff said this is […]

Treasury Borrows $2.27 Trillion in 12-Month Period

The Treasury ran a budget deficit of $193B in the month of March. This exceeded the 12-month average of $144B. Over the last year, the Treasury has seen a massive influx of Individual tax revenues that have helped support the ballooning Federal Deficit. Unfortunately, spending has been so high that the additional revenue did not […]