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Only a few days after President-elect Trump’s comments talking down the dollar, Fed Chairwoman Janet Yellen has sent the greenback rebounding today with strong hints of multiple interest rate hikes “a few times a year” for the next few years. Yellen and the FOMC raised the federal funds rate by a quarter point at December’s […]
In podcast 221, Peter Schiff shows how Trump’s policies seem to be over before they even get started, and takes the New York Fed President to task for reckless advice to homeowners. Peter said he sees the President-Elect’s recent comments to the Wall Street Journal about the overvaluation of the dollar as representing an unstated […]
The geopolitical uncertainty of Brexit and Trump’s approaching inauguration are sending precious metals on an early rally for the year. Britain’s Prime Minister Theresa May is clarifying her plans to ensure the UK makes a clean break from the EU’s single market, expressing the desire to remain a “good friend and neighbor in every way,” […]
Peter Schiff appeared on MSNBC’S “Up with Chris Hayes” with a panel of other experts and pundits to debate the Fed’s role in the housing bubble, Republican views on the economy, and the effects of inflation on prices. Peter had a spirited exchanged with Karl Smith, Economics Professor from the University of Carolina, on the […]
Fed Up Friday: Gold Still Strong Investment, Regardless of FOMC Direction This week marked the full release of the 2011 FOMC transcripts, revealing troubling details from the meeting notes. As the Federal Reserve looks to see a big shakeup in 2017, gold is looking at a win-win situation. Learn more in this week’s Fed Up […]
While many small business owners are celebrating Barak Obama’s exit as Commander-In-Chief, Peter Schiff is skeptical about Trump repealing enough Federal regulations to help return us to a free market. Small business owners face many more problems finding financing and handling business regulations than corporations.
Donald Trump’s press conference gave gold a rollercoaster ride on Wednesday as prices hit a 6-week low ahead of the president-elect’s speech, only to rally back to its highest point in 7 weeks. Spot gold moved from $1,176.94 to $1,198.40, the highest since late November. Investors made a move into the yellow metal after the […]
In his weekly radio address to his citizens, Venezuela’s post-Hugo Chavez leader, President Nicolas Maduro, announced he would raise the minimum wage for the fifth time over the last year. The bump puts the minimum salary at 40,683 bolivars or $60 per month, according to Reuters. The new minimum wage represents a 322% cumulative increase […]
In his latest podcast, Peter Schiff illustrates the important differences between cryptocurrencies like Bitcoin and a gold transaction account like Goldmoney when it comes to convenience and preserving wealth. Essentially, it comes down to the technological risks and the price volatility of the underlying currencies. Here’s a breakdown of Peter’s major points: Convenience One advantage […]
This week, the national debt edged closer to $20 trillion, double what it was at the beginning of Obama’s presidency. The FOMC minutes were also released from their latest meeting. As it turns out, the Federal Reserve just doesn’t know how Trump’s incoming presidency will affect the economy. Trump is Stumping the Federal Reserve Some […]
