Peter's Blog

Why Central Banks Won’t Truly Fight Inflation

2024 has shown that the Federal Reserve is perfectly comfortable with inflation sitting above its 2% target. This fact serves as a reminder that the political purpose of central banks is to create inflation, which benefits large government programs and socialist policy. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those […]

Peter Schiff: 2% Inflation is Fantasy Land

Last week, Peter appeared on Soar Financially, where he was interviewed by host Kai Hoffmann. The two dive into gold’s upward trajectory and its historical precedents, the market’s misguided optimism when it comes to the American economy, and recent events in domestic politics and international banking.

Dollar vs. Yen: A Race to the Bottom

The troubled yen surged last week as the Fed cemented their decision to implement a huge interest rate cut as Shigeru Ishiba, an advocate for higher interest rates in Japan, won the election for Japanese Prime Minister.

Schiff with Burack: Even 2008 is Preferable to 2024 

Last Tuesday, Jason Burack, host of “Wall St for Main St,” interviewed Peter. They cover the state of gold and silver markets, the similarities between 2024 and 2008, and the flaws with government data. Peter also predicts a return to QE-style Fed policy in the near future. 

Schiff on TWIM: Governments Gouge, Not Companies

Last week, Peter appeared on This Week in Mining with Jay Martin. They spend a good chunk of time discussing the logic (or illogic) or price controls, de-dollarization, and the possibility of a commodities boom in the post-COVID economy. This is Peter’s second appearance on Jay’s show this year. You can view his first interview […]

Schiff vs. Mallers: Who Needs Bitcoin?

On Thursday, Peter debated Jack Mallers, the CEO of Strike, a Bitcoin payment system. They cover what makes a good money, their future outlooks for both gold and Bitcoin, and what would make Peter change his mind on the cryptocurrency. Throughout the debate, Peter explicates the Austrian School of Economics’ theory on the origin of […]

Open-Source Stability: How Some Emerging Markets Have Thrived as Others Inflate

While monetary independence is a highly appealing concept, maintaining it has been an endless struggle for many emerging markets. While a great improvement from 50 years ago, the 8.3% inflation of emerging markets and developing economies in 2023 still dwarfs the 2.6% of advanced economies. All countries, no matter their stage of development, have experienced […]

Rate Cuts & War Will Push Gold Higher 

The war in the Middle East continues to escalate, threatening the entire region with an all-out conflict that, should it boil over, is almost certain to lead to heavier US involvement. All eyes are on Israel and Iran. Meanwhile, as the presidential election nears, the Fed and other central banks are desperate to cut rates […]

Chinese Taking Advantage of Yen Weakness as Domestic Retail Struggles

As the Chinese central bank slashes interest rates in a bid to save its floundering economy, and the Bank of Japan continually intervenes to the tune of billions to save its dying yen, wealthy Chinese consumers are headed in droves to Japan to take advantage of the exchange rate and load up on fancy goods. […]

Is France the Next Greece?

French markets have found some relief after the first round of its latest election, with stocks recovering somewhat and bond yields falling after reaching a 12-year high. But no matter which side wins in France, the market is afraid that an increase in unsustainable spending could be the common denominator.