Peter's Blog

Zimbabwe’s New “Zombie Money” Bank Notes May Resurrect Hyperinflation

The southern African Republic of Zimbabwe knows all about currency crisis. In 2009, the country was forced to stop printing its own currency because inflation levels had grown to astronomical proportions. At its highest levels during 2008 and 2009, Zimbabwe’s inflation rate was estimated to have reached 79.6 billion percent. Eventually, the struggling republic was […]

Peter Schiff: Look for Fed to Return to QE with Trump’s Economic Plans

Peter Schiff recently appeared on CNBC’s “Future’s Now” program to discuss what the Federal Reserve will likely do during a Donald Trump presidency. Peter said he sees a rate hike in December as too little too late given the ineffectual level of interest the economy has seen over the last several years, and because of […]

Pilgrim Currencies: From Wampum to Gold Eagles

The majority of Americans know the basics behind the story of the pilgrims’ 1620 journey on the Mayflower, their eventual landing at Plymouth Harbor, and the physical and mental hardships they faced helping form the first permanent settlement of Europeans in New England. Native American tribes like the Pokanoket were instrumental in helping the Pilgrims […]

Declining Home Ownership Moving to 1950s Rates

Last week, St. Louis Federal Reserve economist William Emmons presented a study showing American home ownership declining at a rate that’s projected to return levels to the 1950s. In a presentation entitled “Is Home Ownership Still the American Dream?” Emmons explains how the increase in home ownership of post-WWII was fueled by many factors, including […]

Dollar’s Decline Will Be the “Wild Card” Play of 2017

Next to Donald Trump’s economic policies, one of the most spirited economic debates at the moment involves which direction the dollar will move in the coming months. While Goldman Sachs is predicting the dollar and euro will reach a value equivalency by Q4 of 2017, other analysts see the greenback trending downward next year. The […]

The “Trump Effect” Now Versus Later

Peter Schiff recently appeared on Alternative Media Television (AMTV) to discuss the so-called “Trump effect” on the US economy. So far, the stock market has gone through some downs after the president-elect’s surprise win and now back up with the Dow Jones average nearing record highs. There’s also been last week’s bond rout, which sent […]

Fed Up Friday: Fewer Regulations May Stimulate Post-Election Economy

As markets settle down following the week after the election, inflation continues to rise. Many continue to expect a December rate hike despite the potential volatility caused from state officials calling for Fed reform as early as Q1 2017.

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 […]