Peter's Blog

Brexit! What’s Next?

The British vote to leave the EU Thursday sent shockwaves through the financial markets and pushed gold to a 2-year high. In the historic Brexit referendum, the British voted to leave the European Union by a 51.9 to 48.1 margin. Unofficially, 17,410,742 Brits cast exit votes, with 16,141,241 casting ballots to remain in the EU. […]

Peter Schiff: Fed Perfectly Happy to Give You a Haircut on the Dollar (Audio)

On his most recent Peter Schiff Show podcast, Peter broke down Janet Yellen’s recent testimony before Congress. He focused on her apparent cluelessness about the state of the US economy and talked in depth about why the Fed won’t raise rates. He also noted that Yellen’s comments about the impossibility of stagflation seem to indicate […]

Negative Interest Rates: Chemotherapy for Indebted Nations (Video)

In an interview on the Keiser Report, author, investment banker, and credit analyst Chris Whalen talked about negative interest rates, calling them “chemotherapy for indebted nations.” Whalen noted that more than half the world today is in negative rate territory. He said that after years of high, “risk-free” returns, now it’s time to give the […]

Truth About the Economy Leaks Out Through Cracks in the Mainstream Narrative

Last week, Jim Grant argued that the US manufacturing economy is flirting with recession, if it isn’t there already.  He said the horse of speculation is ahead of the cart of enterprise. In other words, even though asset prices such as the stock market and real estate are rising, creating the illusion of economic prosperity, […]

Marc Faber: Precious Metals the Only Currency in the World That Will Appreciate (Video)

Dr. Doom says there is only one currency that will appreciate over time – precious metals. Marc Faber recently appeared on RT’s Sophie Co. to talk about the world economy and what lies ahead. Currencies became a major focus of the discussion, with Faber arguing cash has historically been a bad investment because all paper […]

News Flash: Gold Mining CEO Predicts Shrinking Gold Supply

The CEO of one of the world’s largest gold mining companies says he expects gold supply to shrink over the next five years. Gary Goldberg heads Newmont Mining. The company operates gold mines on five continents and employees more than 16,000 people. In an interview with Mining.com, Goldberg said he sees gold supply contracting in […]

Peter Schiff: Alien Invasion More Likely than July Rate Hike and That’s Good for Gold (Audio)

All eyes have turned toward Great Britain with the Brexit vote looming this week. A lot of people are speculating about what Britain’s potential exit from the EU means for gold. Peter Schiff says in the long-run, it doesn’t really matter. In his most recent podcast, Peter said he thinks gold will go up no […]

Jim Grant: The Horse of Speculation Is Ahead of the Cart of Enterprise (Video)

Peter Schiff has said that the Federal Reserve created a phony wealth effect by pumping up stocks and other asset markets. In fact, analysis proves Peter’s contention, showing that 93% of the entire stock market move since 2008 was caused by Federal Reserve policy. In a recent appearance on CNBC’s Closing Bell, Jim Grant made […]

Peter Schiff: When Are People Going to Wake Up? We’ve Run Out of Road (Video)

In the years leading up to the Great Recession of 2008, Peter Schiff warned it was coming. Nobody listened. Today, the same people are ignoring the signs that an even bigger crisis is on the horizon. Peter Schiff appeared on InfoWars recently and asked a very important question: when are people going to wake up? […]

Wall Street’s Bond King Calls US Central Bank the “Zombie Fed”

Wall Street’s “bond king” said investors have lost faith in central banks, and called the Federal Reserve the “Zombie Fed.” Jeffrey Gundlach made the comments in an interview with Reuters after safe-haven German Bund yields fell below zero on for the first time and global equity markets continued a precipitous slide: Central banks are losing […]