Peter's Blog

Peter Schiff: Popping Bubbles Will Have Dire Political and Economic Consequences

Peter Schiff appeared on RT America Friday to talk about the big stock market selloff in the wake of the arrest of Meng Wanzhou, a Chinese businesswoman accused of violating US sanction laws. The markets reacted negatively, fearing the arrest could derail apparent progress in the trade war. Peter said Wanzhou’s arrest may have provided the […]

Americans Pile on More Debt; Outstanding Consumer Credit Approaching $4 Trillion

Americans continue to bury themselves in debt. US consumer credit rose by the largest amount in 11 months in October, as Americans piled on another $25.4 billion in debt, according to the latest consumer credit report by the Federal Reserve. Total consumer indebtedness is rapidly approaching $4 trillion, with Americans currently $3.96 trillion in the […]

What Do These Jobs Numbers Really Tell Us Anyway?

November’s jobs numbers came out Friday weaker than expected. Trump’s twitter feed was strangely silent on the jobs report. Generally, he likes to tout unemployment as an accomplishment, even though he poo-pooed the same numbers when he was campaigning against Obama. As Peter Schiff pointed out in his most recent podcast, the official numbers significantly understate […]

Trade War Tomfoolery: SchiffGold Friday Gold Wrap 12.07.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Demand for Physical Gold Expected to Be Strong Moving into 2019

World Gold Council chief market strategist John Reade projects healthy demand for physical gold in 2019 and said any kind of economic slowdown could boost demand — and the price — significantly.

Peter Schiff: Nobody Wants to Deal With the Truth

The stock market got a nice bump on Monday with the news that there was a “truce” in the trade war. That lasted all of one day. The markets tanked on Tuesday as investors realized the “truce” really didn’t mean anything. The Dow Jones plunged 799 points, a 3.1% drop. The S&P 500 declined 3.2%, […]

The Powell Put: SchiffGold Friday Gold Wrap 11.30.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

The Fed’s Crazy Game of Chicken

As Peter Schiff put it in his most recent podcast, Jerome Powell blinked. In a surprising about-face, the Federal Reserve Chair hinted that interest rates are “just below” neutral, leading to speculation that the central bank might be close to ending its tightening cycle.  Peter said the Fed has basically been playing a game of chicken […]

Pop Goes the Auto Bubble: It’s Your Dime Special

In this special episode of It’s Your Dime, Mike Maharrey switches roles and becomes the interviewee. Mike recently appeared on Inside the News with Paul Jensen and Suzanne Sherman on K-TALK AM1640 in Utah to talk about the popping of the auto bubble and more generally how the Federal Reserve has set us up for […]

Corporate Debt Could Make Next Recession “Difficult to Manage”

Bankers, investors and executives are increasingly worried about corporate debt,  according to a Reuters report. Specifically, the concerns center around “leveraged lending.” These are loans made to firms already deeply in debt. Think subprime loans for corporations. As the Reuters report put it, “the concern is that the loans would be difficult to either collect […]