Peter's Blog

Cash Crisis in India Hitting Gold Sales Hard

The domestic gold market in India is facing an upheaval as traders place an increasing number of bulk, short-term orders on fears Prime Minister Narendra Modi could seriously throttle overseas imports of gold. The traders’ fears stem from Modi’s plan to eliminate so-called black money from India’s monetary system by demonetizing the 500 and 1,000 […]

Jim Rickards Describes Coming Shut Down of US Financial System

Jim Rickards,the chief global strategist at West Shore Group, appeared on Bloomberg Markets to discuss the next financial crisis. Rickards said he sees next US downturn approaching a tipping point soon. However, the Federal Reserve’s response to restoring financial solvency will be much different because there’s no place left to go with monetary policy. “The […]

3 Reasons the Dollar Will Fall with Trump’s Fiscal Stimulus

Analysts are locating the cause for the recent rise in the dollar on investors now pricing in President-Elect Trump’s fiscal stimulus plans. Investors are betting Trump’s plans to cut taxes, expand infrastructure, immigration reform, and deficit spending as being pro-inflation. “If you block immigrants, or even illegal immigrants working in the states, wages will rise […]

Silver Prices May Rise with Infrastructure Projects

The president of the United Auto Workers said he will sit down and talk with President-Elect Trump to try and crush the North American Free Trade Agreement, describing NAFTA was “a problem.”  The union of auto workers is an early advocate for working with Trump to change trade agreements seen as being detrimental to American […]

Fed Up Friday: President-Elect Trump has World Markets on Edge

The results of Tuesday’s election stunned the world much like Brexit did this summer. Markets dipped, and then recovered quickly to close at record highs following election night. The Fed however, could see big changes coming their way. As Trump Becomes President-Elect, Here Come Fed Reforms As we revealed in our infographic on Trump’s Fed […]

Peter Schiff Calls “Hidden Vote” for Trump Before Election Results

In an interview with RT News Tuesday night just as the election was getting started, Peter Schiff showed, once again, his acumen and insight for reading economic and political situations correctly. After Larry King asked if the election’s comparison to Brexit was appropriate, Peter accurately described the simmering voter angst at the economy and predicted […]

Election Results Prompt Strong Market Volatility

Tuesday night’s election coverage had both sides fidgeting for a while, but Donald Trump staged an almost miraculous comeback, winning in state and counties where Democrats thought they had an edge. While liberals were taken by surprise, they weren’t the only ones. Polling experts, who were generally confident in the data showing Clinton with a […]

Blame the Shrinking Toblerone on the Expanding Money Supply

The confectionery corporation Mondelez International Inc. has announced it will be downsizing its beloved Swiss chocolate bar Toblerone due to the high cost of ingredients. The Illinois-based company, said in a Facebook post: “We carry these costs for as long as possible, but to ensure Toblerone remains on-shelf, is affordable and retains the triangular shape, […]

Report Shows US Economy Creating More Jobs, But They’re Part-Time

Last week, the Bureau of Labor and Statistics (BLS) released its monthly employment report, which painted a conveniently rosy economic picture just ahead of the election. The report showed the official unemployment rate was down (4.9%) with 161,000 new jobs added in October. Average hourly earnings and wages also jumped up 0.4%. There was some bad […]

Reforming the Fed: Where the Candidates Stand

With presidential candidates, sometimes it’s tough to cut through the political minutia to find out what they think about important issues. The debates didn’t seem to shine much of a light on topics like the Federal Reserve and interest rates, so here’s a quick look at how Clinton and Trump are leaning when it comes […]