Peter's Blog

Coffee Houses and the Free Market of Ideas

While there’s a far greater amount of information accessible to all, there has rarely been a society where different types of people are able to have less discourse with one another. The ability for various groups to advocate for their beliefs in a hostile environment is greatly diminished by the fragmentation allowed by the Internet […]

CFTC CoTs: Managed Money has Lost Control of the Price

Please note: the CoTs report was published 12/23/2025 for the period ending 12/16/2025. “Managed Money” and “Hedge Funds” are used interchangeably. The Commitment of Traders report is a weekly publication that shows the breakdown of ownership in the Futures market. For every contract, there is a long and a short, so the net positioning will […]

How Inflation Turns Housing into an Intergenerational Battleground

Inflationary monetary policy pits Americans against themselves, with those benefitting from rising prices wielding state power to steal from those who bear the brunt of inflation. Nowhere is this clearer than in the housing sector, where decades of inflation essentially require Americans to pay ever-rising prices to get a home. The following article was originally […]

CPI Inflation Cools Amid Falling Oil Prices and Slowing Rents

With the CPI coming in at 2.7% last week– lower than the expected 3.1% – markets rallied at the hope that inflation is being tamed. 2.7% is still nearly a full point higher than the Fed’s 2.0% goal, and this hope is misplaced: the Fed’s latest cuts will only drive inflation higher. The following article […]

How the Founder’s Immigration Vision is Misunderstood

An article meant to disparage Trump‘s first term from a few years ago put forward an idea of the founding father’s vision that was so historically incomplete that it became clear a counterarticle was needed. They write that “Both George Washington and Thomas Jefferson viewed the United States as a place for refugees.” This statement […]

Money Supply Grows for a 25th Consecutive Month

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money […]

Comex: Physical Silver Demand Keeps the Market in Backwardation

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.). The data below looks at […]

Schiff on the Paul Barron Network: Bitcoin Is Not Sound Money

Last week, Peter joined Paul Barron to walk through why gold still defines “sound money,” why Bitcoin falls short, and how tokenization could actually help precious metals — not replace them. He critiques the American obsession with crypto, warns about leveraged Bitcoin collapses, and explains how banks would treat tokenized gold very differently from tokenized […]

Schiff w/ La Roche: 1970s Stagflation is Calling

Peter recently appeared on The Julia La Roche show, addressing a broad audience about why he sees trouble ahead for the U.S. economy and what that means for savers. He covers the loss of confidence in the dollar, the role of the Federal Reserve as buyer of last resort, the political danger of tariffs, and […]

Schiff w/ Diesen: Trump Isn’t Fixing Inflation

Glenn Diesen recently interviewed Peter to discuss the latest political happenings and President Trump’s public criticism of Peter on Truth Social. Peter lays out why Trumponomics, as practiced today, looks a lot like the very policies that caused trouble under the prior administration: big deficits, easy money, and a reliance on the Fed to inflate […]