Peter’s Blog

  Follow along with full transcript: Well, the Dow Jones ended another down week on a down note, dropping 390 points. The NASDAQ was down as well, down 126 points. Of course, it had been worse. At one point, the NASDAQ was down almost 190 points. And the Dow was down, I think, 530. But [...]

Peter Schiff spoke with CNBC World last night. Just like Futures Now and Yahoo! Finance, the anchor questioned whether or not the Fed is really to blame for market volatility. He thought commodity volatility – particularly oil – played a big role. Peter disabused him of this theory and explained why he expects the Fed to launch […]

Last month, Peter Schiff told CNBC the US stock market would fall dramatically if the Federal Reserve hiked rates. That is exactly what has happened in the new year, and when CNBC spoke with Peter yesterday they admitted his prediction had been right. However, they were still skeptical of Peter’s forecast of the economy sliding […]

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Check out this article on an absolutely mind-boggling phenomenon taking place in Switzerland. Apparently Local Cantons (what states are apparently called over there) are actually telling […]

Peter Schiff spoke with Yahoo! Finance yesterday. The anchor was skeptical of Peter’s forecast of the United States sliding into a recession in the first quarter of 2016. She pointed to the low unemployment rate as the sole reason for optimism. Peter explained why employment is a lagging indicator, and reminded her of Fed Officer […]

Peter Schiff appeared on Stefan Molyneux’s podcast Wednesday and dissected the State of the Union address. Peter summed it up this way: He opened with a joke, he closed with a joke. The entire State of the Union address was one big joke. Unfortunately, the joke is on the American people.”

Peter Schiff believes the Federal Reserve’s December interest rate hike was actually the end of the Fed’s tightening cycle that began with the first talk of tapering quantitative easing (QE) several years ago. Economic data will continue to be weak, and the US will likely be in an official recession in 2016 if it isn’t […]

China’s largest bank is buying the lease on a huge gold vault in London, another sign of gold’s continuing shift from West to East. As the Telegraph put it, acquisition of the 1,500 ton vault will enlarge ICBC Standard Bank’s footprint in the city’s bullion market: The Chinese and South African lender is aiming to […]

In episode 130 of his Podcast, Peter Schiff discussed the State of the Union address, calling Obama’s speech the most clueless ever. Peter breaks down all of the economic fallacies the president invoked during the SOTU, honing in on the fact that the president seems oblivious to the fact that we are about to head […]

Peter Schiff appeared on the Daily Ledger at the beginning of the week to discuss the global economy. Peter refuted the idea that the US stock market is falling thanks to Chinese market troubles. In fact, he argued it’s the other way around – the Federal Reserve is the source of global instability. Peter went on […]