Peter's Blog

Student Loan Payments Set to Restart After More Than Three Years On Pause

The more than three-year break from student loan payments is about to end. That’s more bad news for an economy that depends on consumer spending. Interest accrual on student loans will restart on September first with payments resuming Oct. 1.

Peter Schiff: Bidenomics Is a Disaster

Peter Schiff recently appeared on Real America with Dan Ball to talk about Bidenomics and the impact of inflation. Peter said Bidenomics is a disaster and price inflation isn’t beat. In fact, it will continue to increase as long as the government keeps borrowing and spending. Dan opened the interview pointing out that despite cooling […]

Americans Have Nearly Depleted Their Excess Savings

One of the reasons Americans were able to continue spending even as price inflation raged was they saved a lot of money during the pandemic lockdowns. But those savings are nearly depleted, according to a study released by the Federal Reserve Bank of San Francisco. Aggregate savings peaked at $2.1 trillion in August 2021. As […]

Peter Schiff: The Fed Is In a No-Win Situation

Most people now seem to think the Federal Reserve can beat price inflation and guide the economy to a soft landing. In his podcast, Peter Schiff explains why most people are wrong. The Fed is actually in a no-win situation. And if the Fed can’t win, gold can’t lose.

Is This a 2007 Redux? SchiffGold Friday Gold Wrap Aug. 18, 2023

There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But as Friday Gold Wrap host Mike Maharrey explains, there are a lot of things bubbling under the surface that should temper that optimism. […]

The Global Bank Credit Crisis

Globally, further falls in consumer price inflation are now unlikely and there are yet further interest rate increases to come. Bond yields are already on the rise, and a new phase of a banking crisis will be triggered. This article looks at the factors that have come together to drive interest rates higher, destabilising the […]

Dishonest Money Is Destroying Your Standard of Living

Dishonest money is destroying our standard of living. What do I mean by “dishonest” money? I mean government fiat money that it can create out of thin air. This is inflation and it constantly eats away our purchasing power.

Soft Landing? Not so Fast!

Good news! The recession is off! For months, economists predicted the Federal Reserve’s rate hikes to fight price inflation would spin the US economy into a recession. But there is a growing consensus that the central bank can slay price inflation while guiding the economy to a “soft landing.” Economists Bob Murphy and Jonathan Newman […]

Biden Budget Deficits Look Like Those Normally Seen In Recessions

To hear President Joe Biden tell it, the US economy is booming. Meanwhile, the Biden administration is running monthly budget deficits that you would normally see during a deep recession. With two months left to go, the deficit for fiscal 2023 now stands at $1.61 trillion, after the federal government charted another massive shortfall in […]

Peter Schiff: The Fed Will Never Hit Its Inflation Target

The Consumer Price Index (CPI) data for July came out last week. Even though the headline number ticked up slightly compared to June, most mainstream analysts took it as a sign that the Federal Reserve made more progress in its inflation fight. In fact, most mainstream pundits seem convinced that the Fed is on the […]