Peter's Blog

Trump Tax Cuts Won’t Have the Effect Reagan’s Did

David Stockman, former budget director for Ronald Reagan, appeared on Fox Business recently to discuss Donald Trump’s tax cut plans and the coming debt ceiling crisis he’s predicting this summer. Stockman doesn’t see tax cuts as a possibility given the nation’s current debt levels. Stockman wants to dispel the myth that Donald Trump’s economic plans […]

Successful Trump Plan Will be Rude Awakening for Americans

Speculations on the implications of Trump’s economic plans are intensifying after his inaugural address on Friday. Peter Schiff deconstructed Trump’s speech in his latest podcast, focusing on the new President’s pledges to “Make America Great Again” by bringing back manufacturing or “Putting America first” by renegotiating trade deals with foreign countries. Peter explains what real […]

Fed Up Friday: Trump and Yellen on the Verge of a Clash

As Trump takes office today, we look forward at the inevitable conflict to come between the President and the Fed. The tug-of-war may come thanks to the Fed’s target 2% inflation, the Fed’s lack of tech savvy, or something completely different. Donald Trump and Janet Yellen Look to Be on a Collision Course A New […]

Yellen and Trump Comments Send Dollar on Wild Ride

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 […]

Trump’s Administration Holds Weak Dollar Policy

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 […]

Trump and Brexit Creating Precious Metals Rally

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 Spars with Liberal Economists on Inflation

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

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 […]

Trump’s Anti-Regulation Efforts May Be Wishful Thinking

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.

The ‘Trump Bump’ Rallies Gold to 7-Week High

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 […]