Peter's Blog

Peter Schiff: The Box That the Federal Reserve Is In

Jerome Powell and Janet Yellen testified jointly before the US Senate last week. Inflation was a big topic of conversation. The Fed chair continued to insist that the central bank can fight inflation if necessary, but that it really isn’t a problem we need to worry about right now. In his podcast, Peter Schiff said […]

Fun on Friday: What’s With That Hair?

I have to admit, I have some level of respect for gold smugglers. They are some creative people. And gutsy. And willing to endure a little pain. Not to mention the fact that a lot of them are just trying to avoid taxes. I can understand this desire.

At Some Point You Gotta Pay the Piper: SchiffGold Friday Gold Wrap March 26, 2021

Every time the economy gets into trouble, governments and central banks react the same way. They slash interest rates and loosen monetary policy.  This gooses the economy — temporarily. But when the next crisis comes, it takes an even bigger dose of extraordinary monetary policy to revive the economy. The Fed has pushed things into […]

Indian Gold Market Continues to Bounce Back

The bounceback in the Indian gold market continued last month. Indian gold imports hit a 21-month high in February and there was robust retail demand. This comes on the heels of a 72% year-on-year increase in gold imports in January.

Subprime Mortgage Delinquency Still at Record Levels

Despite the “improving economy,” subprime mortgage delinquencies remain at record high levels. And the full extent of the problem is masked by forbearance programs. The delinquency rate on FHA mortgages spiked to 17.5% in February. That was up from 17.0% in January and equals the all-time record set in September and November of 2020, according […]

Government and Central Bank Medicine Makes the Economy Sicker

Every time the economy gets into trouble, governments and central banks react the same way – they cut interest rates and loosen monetary policy to stimulate borrowing and spending. The idea is that the “stimulus” will increase demand and pull the economy out of trouble. But there is a dark side to this policy – […]

Peter Schiff: When Paul Krugman Talks, Nobody Should Listen

The latest Biden/Democrat stimulus bill is just the beginning. There is more government spending coming down the pike. That means more money printing. But Paul Krugman says not to worry. It didn’t cause a big jump in CPI last time and it won’t this time either. Peter Schiff talked about it in his podcast. He […]

Ron Paul: The Fed Is Enabling Biden and Congress’ Destructive Agenda

On March 1, the national debt eclipsed $28 trillion. The mainstream media hardly gave it a mention. To put the speed of the borrowing into perspective, the US government added $5 trillion to the debt in less than 18 months. The Federal Reserve was already intervening in the economy prior to the pandemic. Remember, the […]

You Can’t Blame Big Government Spending All on the Pandemic

Congress recently passed coronavirus stimulus 3.0, adding another $1.9 trillion in federal spending to the already massive fiscal 2021 budget deficit. That brings total spending related to COVID-19 to somewhere in the neighborhood of $5 trillion. Meanwhile, the national debt has skyrocketed past $28 trillion. The US government has added $5 trillion to the debt […]

Commercial Real Estate Market Drowning in Debt

We’ve talked extensively about the growing levels of debt in the economy. The national debt recently eclipsed $28 trillion. Corporate debt was already skyrocketing prior to the pandemic. All of this is driven by loose Federal Reserve monetary policy designed to drive borrowing. And people wonder why Peter Schiff insists the Fed can’t actually let […]