Peter's Blog

America’s Growing Economy — Brought to You By Visa and Mastercard

Mainstream financial network pundits and government officials keep telling us that the economy is chugging along because Americans continue to spend money. But it’s clear that borrowing is the only thing sustaining this spending spree. Meanwhile, the “resilient” American consumer is drowning under a surging tidal wave of debt.

Peter Schiff: The Fed Won’t Achieve Either of Its Mandates

The Federal Reserve operates under a dual mandate from Congress — to achieve maximum employment and stable prices. In a recent podcast, Peter Schiff explained why the Fed won’t achieve either.

Peter Schiff: The Recession May Have Already Started

President Biden keeps saying the economy is great. Fed officials say the economy is expanding at a “strong pace.” Peter Schiff isn’t buying the narrative. He says we may already be in a recession and he made a strong case in his podcast.

Mounting Government Debt Marks America’s Road to Ruin

There is a $33.7 trillion elephant in the living room. I’m referring to the massive national debt. It’s pretty amazing that we have this massive animal sitting right in the middle of everything and most people are just walking around it as if it isn’t there.

Confidence Level Is Low! SchiffGold Friday Gold Wrap Nov. 3, 2023

Federal Reserve Chairman Jerome Powell said he’s not confident interest rates are high enough to slay price inflation. He also said he’s not confident they aren’t. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey wonders out loud why we should have any confidence if Powell doesn’t. Along the way, he breaks […]

Fed Keeps Its Finger on the Pause Button

Chalk one up for the status quo. As expected, the Federal Reserve held interest rates steady in a range between 5.25 and 5.5% for the second straight FOMV meeting, and chairman Jerome Powell was intentionally noncommital about future Fed moves.

Japan’s Slow-Motion Train Wreck

Japan is in the midst of a slow-motion train wreck. The country has a massive national debt and it is starting to feel the pressure of rising interest rates. In his podcast, Peter Schiff talked about the situation in Japan and pointed out some disturbing parallels to what’s happening in the US.

Peter Schiff: A Crisis Is Already Playing Out Under the Radar

The mainstream remains optimistic about the trajectory of the economy. Price inflation has supposedly been beaten down. GDP growth was even better than expected, and most economists have tabled their recession predictions. But in his podcast, Peter Schiff explained that it’s all an illusion. The financial crisis has already started, and it continues to play […]

Jim Grant: The Fed Needs Some Grounding in Financial History and Common Sense

Will the Federal Reserve raise interest rates again? Or is this hiking cycle over? Will it really hold rates higher longer, or will it cut in the near future? Everybody in the financial world is trying to predict the central bank’s next move. Fed members insist they are data-dependent and will go where the numbers […]

Peter Schiff: Jerome Powell Isn’t Qualified to Be in Any Economic Club

Last week, Federal Reserve Chairman Jerome Powell delivered a speech at the Economic Club of New York luncheon. In his podcast, Peter Schiff broke down some of the Fed chair’s comments and concluded that Powell is not qualified to be a member of any economic club.