Peter's Blog

Total Household Debt Hit Record $13 Trillion in 2017

Passage of a GOP budget that added $300 billion in new spending has focused plenty of attention on surging federal government debt over the last week or so. But Uncle Sam isn’t the only one running up those credit cards. Everyday Americans are also piling on the debt. Total household debt soared to a record $13 trillion […]

Deficits Don’t Matter? Fake News! SchiffGold Friday Gold Wrap Podcast 02.09.18

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.

Government Spending Going Up; Interest Rates Going Up; Stock Market Going Down

The bears were running on Wall Street again Thursday, as the Dow Jones suffered another steep tumble. After a record drop of  1,175 points Tuesday and a rebound Wednesday, the Dow shed another 1,333 points. The Dow Jones dropped 6.5% in four days. That’s the steepest decline in any week since October 2008. The S&P 500 […]

Political Rhetoric vs. Economic Reality

Just over a week ago, President Trump delivered the State of the Union speech. The president gave a speech with a decidedly optimistic tone. This was certainly welcome with the increasingly fractured and divided American political landscape. But it’s important to focus beyond the political theater and take a hard look at where the US economy […]

The Wind That Will Topple the Economic House of Cards: SchiffGold Friday Gold Wrap 02.02.18

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.

Peter Schiff Throws a Bucket of Cold Water at the Economic Optimists

Everybody seems bullish on the economy. Nobody is worried about anything, even though there is everything to be worried about. Peter Schiff said he feels like he’s in Alice in Wonderland. In his most recent podcast, he referenced a Morgan Stanley analyst interviewed by CNBC. She’s unquestioningly bullish on every front. Everything is bullish. There […]

What’s Up – Or Down – With the Dollar? SchiffGold Friday Gold Wrap 01.26.18

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.

Peter Schiff: The Dollar Is Tanking; Gold Is Soaring; Nobody Cares

The dollar continued to tank Wednesday, hitting a 3-year low after Treasury Secretary Steven Mnuchin said he welcomed a weakening dollar. The dollar index measuring the greenback against a basket of six major currencies slipped below 90 for the first time since December 2014. Meanwhile, gold climbed, hitting its highest level since August 2016. 

Peter Schiff: Trump Is Setting Himself Up as the Fall Guy (Video)

Peter Schiff recently appeared on InfoWars with Alex Jones and took on the notion that Pres. Trump is in the process of fixing the economy. In fact, Peter pushed back hard against Alex, saying we are on the verge of a crash and Trump is going to get the blame. I agree with you. The […]

Housing Bubble 2.0

We’ve written extensively about the stock market bubble blown up by artificially low interest rates and Federal Reserve quantitative easing. But stocks aren’t the only asset bubble out there. In fact, 2017 may go down as the year of the bubbles. And the new housing bubble is one that seems to be floating under the […]