Peter's Blog

Brace for a Collapse of the World Monetary System in 2016 (Video)

Jim Rickards agrees with Peter Schiff. The stock market is in a bubble thanks to the monetary manipulation of the Federal Reserve. Like Peter, he doesn’t think the Fed will raise interest rates in 2015. Instead, Yellen will be forced to start quantitative easing again by the beginning of 2016. This, he argues, will be […]

Markets Keep Falling for Central Bank Bluffs (Audio)

In his latest podcast, Peter Schiff talks about the Federal Reserve removing the phrase “considerable time” from its policy statement yesterday. While they technically did change the language, Peter points out that they then used some linguistic tricks to essentially maintain the same position on the possibility of future interest rate hikes. You can see […]

Gold Has Had a Strong Year Outside the US (Video)

CNBC’s Futures Now interviewed Peter Schiff yesterday to hear what he expects from the Federal Reserve’s announcement this afternoon. They also spoke at length about gold, which Peter points out hasn’t gone down at all in 2014 contrary to many expert forecasts. In fact, when priced in other global currencies and stock markets, gold has […]

Black Gold Loses Glitter

Peter Schiff’s new commentary at Euro Pacific Capital examines the supply and demand factors that could be influencing the plunging price of oil. If you want to listen to Peter discuss the economic repercussions of this possible bubble in black gold, listen to his podcast here. The stunning 40% drop in the price of oil […]

The Truth of Russian Gold Holdings

If you follow precious metals news, you might have seen a recent article reporting that Russia sold a big chunk of its gold reserves. The article has since been corrected, but it just goes to show how sloppy Western journalism can be, especially when it comes to the reality of physical gold investment. Laurynas Vegys […]

Could Oil Be a Bigger Bubble than the Dot-Com Bubble? (Audio)

Earlier today, we reported on the potential effect plunging oil prices could have on the Federal Reserve’s plans to raise interest rates. Peter Schiff addressed exactly this is problem in his latest podcast. While many people see lower oil prices as a boon to the economy (who doesn’t want to pay less to fill up […]

Fed Unlikely to Raise Rates with Dropping Oil Prices

Financial markets are watching the Federal Reserve this week to see if they change any of their language regarding monetary policy going into 2015. Janet Yellen will give a statement on Wednesday, and how she addresses interest rates is of particular interest. Economists are expecting the Fed to drop the phrase “considerable time” from their […]

Ron Paul: All I Want for Christmas Is a Government Shutdown

The big news this past weekend was the United States Senate passing a giant spending bill just in time to prevent a government shutdown. Ron Paul’s weekly column for the Ron Paul Institute explains why a responsible government would not shy away from a temporary government shutdown. Just as Peter Schiff has said time and […]

Americans Ramp Up Credit Card Debt to Cover a Rising Cost of Living

In spite of the government’s ongoing narrative of a US economic recovery, major news outlets continue to remind us that life isn’t getting easier for most Americans. The Wall Street Journal recently published a lengthy expose on the rising cost of basic necessities. This chart shows how much more middle-class American households are spending thanks […]

Understanding America’s New Depression

Jim Rickards believes the United States is in a depression and has been for years. Rickards explains that economists ignore this reality, because there is no precise mathematical definition of a depression. This allows them to point to statistics like the growing GDP and improving jobs numbers as proof of an economic recovery. However, Rickards […]