Peter's Blog

Stuck in Neutral: SchiffGold Friday Gold Wrap 05.03.19

The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing. We’re stuck in neutral. As expected, there was no rate hike. Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates. […]

Peter Schiff: What’s Going on With the GDP?

The Commerce Department released the first estimate of Q1 GDP growth on Friday. It came in higher than expected at 3.2%. Somewhat surprisingly, the price of gold rose on the news and the dollar showed some weakness. The primary reason was presumably lower inflation. This means the Fed still has the excuse it needs to […]

Peter Schiff Talks Oil and Inflation (Video)

Peter Schiff recently appeared on RT to talk about rising oil prices, how they relate to inflation and what it could mean for the US economy.

Yo! Where’s the Inflation At? SchiffGold Friday Gold Wrap 04.26.19

The mainstream pundits and economists keep telling us inflation is “tame.” But is it really? Or are they just not looking in the right place? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about inflation and how it factors into the bubble economy. He also covers the week’s activity in the […]

The Fed’s Winners and Losers – Ultimately, We’re All Losers

When the Federal Reserve artificially manipulates interest rates, it’s messing with our minds by distorting important signals that prices provide in a free market. As investment guru Jim Grant put it in a recent article in Barron’s, central bank interest rates are nothing but crude price controls. Like all price controls, the Fed’s interest rate […]

Monetary Heroin: SchiffGold Friday Gold Wrap 04.19.19

Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed’s monetary heroin has fully taken hold. And it’s not just in the US. In this episode of the Friday Gold Wrap, host Mike […]

Kicking the Can Down the Road

We got more signs that the economy is slowing down this week. And yet pundits and policymakers keep insisting everything is great. In his latest podcast, Peter Schiff says he thinks people like Donald Trump and Larry Kudlow know deep down that things aren’t that great, but they want to keep kicking the can down […]

Who’s Gonna Save Us? SchiffGold Friday Gold Wrap 04.05.19

In this week’s Friday Gold Wrap, Mike Maharrey covers some more bad signs in the economy, including rising oil prices, an unexpected drop in retail sales and a surge in negative-yielding government bonds. At best, it looks like the economy is slowing down. Or it could be the prelude to the next crisis. This raises […]

Peter Schiff: A Gift From the Federal Reserve

The Dow Jones closed out Q1 2019 with its best quarterly gain since 1998, rising 10.3% through the first three months of the year. And the Dow Jones wasn’t alone in its bang-up first quarter. The S&P 500 rose 12.3%. The Russell 2000 was up 13.8%. And the Nasdaq led the entire pack with a 15.6% […]

Spending Us Into Oblivion Is a Bipartisan Sport: SchiffGold Friday Gold Wrap 03.29.19

The federal government set an all-time record budget deficit in February. And this is with a Republican in the White House. The GOP is supposed to be the fiscally responsible party. In this episode of the Friday Gold Wrap, host Mike Maharrey offers some interesting analysis that reveals spending money in Washington DC is really […]