Peter's Blog

US Debt ‘Out the Wazoo’ as China and Japan Sell Off Treasuries

The US national debt increased by $1.27 trillion in fiscal 2018. If you expected the pace of borrowing to slow in fiscal 2019, you’ll be disappointed. In just the first 11 business days of the new fiscal year, the US government added another $138 billion of debt to the total. That brings the total national […]

Bond Yields Climbing: Could the Chinese Weaponize US Debt?

Yields have been on the rise this week in the midst of a bond market sell-off. Two-year borrowing costs hit their highest level in a decade Wednesday. The yield on the 2-year Treasury climbed to 2.816%. Meanwhile, the 10-year Treasury yield hit a four-month high of 3.07%. What’s going on here?

Peter Schiff Talks Trade War and Politics

The trade war between the US and China escalated again this week. The US slapped an additional $200 billion in tariffs on Chinese goods. The tax starts at 10% and will increase to 25% by the end of the year. China retaliated by announcing another $60 billion in tariffs on US goods. As Peter Schiff noted […]

Report: China Will Drive Silver Market Forward

China will be a major player in the silver market in the years to come, according to a new report by the Silver Institute.  The Chinese impact on silver comes from both the demand and supply sides of the equation. China is by far the biggest silver consumer in the world. The Chinese account for […]

Jim Rogers: The Dollar Is on the Way Out

Investment guru Jim Rogers recently told RT that the dollar is just a few short years away from losing its global dominance. In the next few years, the American dollar is going to lose its position as the world’s reserve currency and the world’s medium of exchange.”

Dollar Worries Spur Central Banks to Buy Gold

For the last 10 years, central banks have been on a gold-buying spree. At least some of them have. On net, central banks globally added 193.3 tons of gold during the first half of 2018, according to World Gold Council data. That represents an 8% increase over 2017. The last time we saw this kind of […]

Could China Kill the Dollar? Max Keiser and Alasdair Macleod Talk About a Post-Dollar World (Video)

Countries like Russia, China and Iran have been looking for ways to limit their dependence on the US dollar for years. More recently, we’ve even seen American allies looking to de-dollarize the world. Last month, German foreign minister Heiko Maas called for the creation of a new payments system independent of the United States. It’s gotten to […]

Focus on Fundamentals: Gold Demand Continues to Surge in India

Indians are buying gold. Imports of the yellow metal into India jumped for the first time in seven months in July and the trend appears to be carrying forward into August, according to a report in the Times of India. Gold sales have surged 15% by volume over last year as Indians took advantage of […]

German Foreign Minister Pushing for De-Dollarization of World Payment System

Over the last couple of years, we’ve been reporting on efforts to remove the US dollar from its throne as the world reserve currency. We’ve primarily seen moves toward de-dollarization from countries like China and Russia, and other nations within their orbits. It’s easy for Americans to dismiss efforts to undermine the dollar as desperate moves […]

Beware of the Bear

The bulls are running down Wall Street, but are bears lurking just around the corner? The mainstream doesn’t think so, but Peter Schiff does. The Dow Jones climbed nearly 400 points Thursday after the Chinese announced a willingness to resume trade talks with the United States. No agenda was set, but the mere prospect of […]