Peter's Blog

The Panic of 1857 Through an Austrian Lens

Pre-Fed recessions, like the Panic of 1857, are often invoked to counter the Austrian School’s theory of the business cycle, which stipulates that monetary expansion causes recessions. On the surface, the Panic of 1857 seems like a strong counterexample, but the full details of its origins– and resolution– vindicate the Austrians yet again. The following […]

Peter Schiff: More Tariffs Mean Less Affordability

In his Wednesday podcast, Peter walks listeners through the frantic moves in precious metals, the unraveling Bitcoin narrative, and recent weak jobs data. He argues the gold and silver sell-off was a technical flush rather than a change in fundamentals, warns that Bitcoin’s long-promised outperformance has failed, and calls out tariffs and government spin for […]

Schiff vs. Ammous: Tokenized Gold Trumps Bitcoin

Peter recently debated longtime Bitcoin proponent Saifedean Ammous to turn the usual Bitcoin-vs.-gold argument on its head. Rather than rehashing the old debate, he focuses on tokenized gold—specifically Tether Gold— and explains why a claim on real metal is a far better monetary proposition than a claim on nothing. He argues tokenized gold brings convenience […]

This Isn’t De-Dollarization. It’s De-Fiatization

The dollar is in free fall as gold and silver continue climbing to new records. As the global economy loses confidence in its main reserve asset, it’s simultaneously losing confidence in fiat currencies and the central banks that manage them. The following article was originally published by the Mises Institute. The opinions expressed do not […]

Schiff w/ Sanchez: Blockchain is a Digital Ponzi Scheme

Earlier this week, Peter appeared on the Sanchez Effect for an interview with Rick Sanchez. Together they sift through the international fallout from America’s fiscal and monetary choices and explains why other countries are actively trying to reduce their exposure to the dollar. Peter connects that trend to production, trade balances, the enormous off-balance-sheet liabilities […]

Gold Shows Strength Even In Drop

The mainstream narrative was that gold had a massive drop and revealed a fundamental weakness that was not accounted for by investors with a high risk appetite as it shot towards $6000 an ounce. Gold did experience a major downward price shift, yet its limited extent proved that gold’s price increases here to stay. Even […]

Schiff w/ Lin: The Dollar’s Gravy Train is Ending

In his latest conversation with David Lin, Peter lays out a stark vision of a changing monetary order where gold regains its central role and the dollar’s slowly overtaken by other currencies as the reserve asset. He ties the shift to central bank behavior, the Fed’s role as buyer of last resort, and the political […]

Schiff vs. Pompliano: Tariffs Don’t Help Consumers!

In a recent episode of Anthony Pompliano’s Pomp Podcast, Peter debates Anthony on a host of issues, ranging from the merits of Bitcoin to who pays the bills for tariffs. Throughout the debate, Peter’s incisive rhetoric cuts through the mainstream narratives on the dollar and protectionism, undercutting the White House’s and the Fed’s harmful policies.  […]

Welfare Must Be Cut for the Good of the Poor

The US government is frequently criticized for not reaching the EU’s levels of unhindered handouts and socialization of industries. Proponents of government control for the common good hold two contradictory principles at the same time without even recognizing the tension. They first believe that the highest role of any government is to promote the welfare […]

Schiff w/ Millman: Gold Will Replace the Dollar

Last week, Peter joined Everett Millman on the Verified Macro Report to lay out a clear, uncompromising case against the last several decades of monetary policy and to explain why he sees gold and silver—not fiat or most cryptocurrencies—as the natural refuge for investors. He ties the Fed’s policy errors to rising long-term rates, a […]