Peter's Blog

Peter Schiff: This Is the Most Obvious Financial Crisis That Nobody Sees Coming

The mainstream continues to insist that the economy is fine. Inflation is beat. A soft landing is in play. But in his podcast, Peter Schiff said we’re in the early stages of a financial crisis. It should be obvious, but very few people see it coming.

Peter Schiff: Gold Rallies on Worse-Than-Expected Inflation News

After the CPI data came out last week, gold rallied. On his podcast, Peter Schiff talked about the rally and the trajectory of gold. He said we can expect even bigger moves up when the markets figure out the inflation problem isn’t solved.

Collateral Squeeze

The sell-off in precious metals continued as bond yields continued to rise and a strong dollar persisted. In early trade in Europe this morning, gold was $1822, down another $26, unchanged on the year. Silver traded at $21, down $1.17. Comex volumes in both metals declined from good levels, indicating that selling pressure is declining.

Not Just Wrong; Wildly Wrong! SchiffGold Friday Gold Wrap Oct. 6, 2023

The mainstream wasn’t just wrong about inflation in 2020. It was wildly wrong. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey dissects a 2020 video produced by CNBC to show just how wrong they were. He explains why they were wrong and teaches some economics along the way. He also discusses […]

Unwinding the Financial System

This article looks at the collateral side of financial transactions and some significant problems that are already emerging. At a time when there is a veritable tsunami of dollar credit in foreign hands overhanging markets, it is obvious that continually falling bond prices will ensure bear markets in all financial asset values leading to dollar […]

We’ve Been Gaslit! SchiffGold Friday Gold Wrap Sept. 29, 2023

The economy is great! Inflation is dead! We’re on our way to a soft landing! We keep hearing messages like this over and over again from Fed officials, the Biden administration, academics, and financial news pundits. But doesn’t the spin seem a little detached from reality? In this episode of the Friday Gold Wrap, host […]

Jim Grant: Fed Policy Is a Ph.D. standard of Improvisation

All eyes are on the Federal Reserve, and people are wondering, what will it do next? The messaging coming from the central bankers is that they will need to keep interest rates higher for longer. But is that possible given the economic conditions and all of the debt in the economy? Investment and economics writer […]

Peter Schiff: It’s the Beginning of the End of This Whole Phony Economy

Interest rates continue to push relentlessly higher. As Peter Schiff explained in his podcast, that’s a big problem when the entire economy is built on a foundation of cheap money. But most people in the mainstream don’t seem to grasp the gravity of the situation. They don’t realize that we are at the beginning of […]

The Real Threat Is a Market-Driven Dollar Downgrade

Last week, Fitch Ratings downgraded the US’s long-term credit rating from AAA to AA+. While the downgrade won’t significantly impact the US government’s ability to borrow, it should serve as a wake-up call because there is a much bigger problem looming on the horizon: a market-driven downgrade of the US dollar.

Massive Bank of America Paper Losses Underscore Problems in the Banking System

Four months after the failure of Silicon Valley Bank and Signature Bank, the financial crisis sparked by Federal Reserve rate hikes continues to simmer under the surface. As of the end of the first quarter, Bank of America had over $100 billion in unrealized losses on its bond portfolio. This is the exact problem that […]