Peter's Blog

Starting With a Bang: US Government Kicks Off Fiscal 2022 With Another Massive Deficit

The US government started fiscal 2022 the same way it ended fiscal 2021 — spending itself into a massive budget shortfall. The budget deficit for October came in at $165.1 billion, according to the most recent monthly Treasury statement.

Peter Schiff: Double-Barrel Inflation Is Locked and Loaded

The Consumer Price Index blew past expectations in October as the “transitory” inflation narrative continues to unwind. CPI was up 0.9%. On an annual basis, the inflation rate was 6.2% compared with a 5.9% estimate. It was the highest annual CPI gain since 1990. The CPI stole the headlines, but the Producer Price Index also […]

Budget Deficit Represents More Than 35% of Total Federal Expenditures

The federal budget deficit in October came in at $165 billion. That represents a staggering 36.8% of total expenditures for the month. This is slightly below the 12-month average where the deficit represented 39.3% of total expenditures. Over the twelve-month period, the total deficit was $2.65 trillion driven by total expenditures that reached $6.7 trillion. […]

Fun on Friday: Silver Theft Buffoonery

A story I ran across a couple of weeks ago provides an opportunity to make fun of all kinds of people, from a silver thief, to a silver buyer, to a really bad writer who somehow managed to land a job writing web stories for a local TV station.

You Call This Transitory? SchiffGold Friday Gold Wrap Nov. 12, 2021

The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can […]

Analysis: CPI Blasts Past Expectations; Price Increases Widespread

The October CPI data came in even hotter than expected, and we saw widespread price increases across multiple categories. The following provides an in-depth analysis of the most recent CPI data.

Peter Schiff: You’re Going to Be on the Hook for Rising Producer Prices

Much hotter than expected CPI data for October stole the spotlight on Wednesday, but there was more bad news on the inflation front that received less attention. The annual Producer Price Index (PPI) increase in October tied September’s record, as rising producer prices continue to undercut the “transitory inflation” narrative.

They Expected Inflation to Come in Hot in October; It Came in Sizzling

The consumer price index was expected to come in hot yet again in October. It came in sizzling. The actual CPI numbers for last month were even hotter than expected as “transitory” inflation remained well above 5% on an annual basis for the sixth straight month.

Solar Energy Development Expected to Boost Silver Demand

Last week, Australia, France, India, the US and the UK announced the launch of the “One Sun, One World, On-Grid” initiative. The plan is to connect solar energy grids across borders. This could provide a big boost to silver demand.

Peter Schiff With Megyn Kelly: Inflation Robs Working and Middle-Class Americans

Despite government officials and central bankers continuing to peddle the “transitory” inflation narrative, the average American isn’t buying it. They feel the squeeze of rising prices in their wallets. And it’s the average American who is hurt particularly hard by the skyrocketing cost of living. Peter Schiff appeared on the Megyn Kelly show to talk […]