Peter's Blog

Peter Schiff: The Fed Is Going to Throw in the Towel on the Inflation Fight (Interview)

Peter Schiff appeared on Greg Hunter’s USA Watchdog.com show to talk about inflation and the economy. Peter didn’t paint a rosy picture, explaining that the Federal Reserve is ultimately going to throw in the towel on the inflation fight in order to fight something much worse – economic collapse.

Peter Schiff: History Shows It’s Impossible to Put the Inflation Genie Back in the Bottle

The markets basically shrugged off the hotter-than-expected inflation data for January. Most people remain convinced that the Fed can easily get price inflation back to 2% without wrecking the economy. But in his podcast, Peter explains that stuffing that inflation genie back into the bottle is a lot harder than most people seem to think.

Is There a Path Back to a Gold Standard?

Any suggestion of returning the monetary system to a gold standard is immediately met with howls of protest. “It’s impossible!” were told. But Bettina Bien Greaves who was a translator, editor, and bibliographer for economist Ludwig von Mises’ works argues that there is no practical reason we couldn’t return to a gold standard. The objections […]

This “Strong” Economy Is a Facade Built Out of Debt

Retail sales surged in January, creating the impression that the economy is humming along nicely. After all, there can’t be a problem if consumers are out there consuming, right? But a lot of people are ignoring a key question: how are people paying for this shopping spree?

How Government Spending Messes Up the Economy

Virtually everybody agrees that government spending is necessary to support the economy and society in general. We may debate vigorously about what exactly the government should spend money on, but few people will entertain the thought that maybe the government shouldn’t spend money at all. Most fail to even acknowledge that even the best government […]

Peter Schiff: Here’s Why Inflation Is Going to Get Worse

The January CPI report threw cold water on the idea that the Federal Reserve has inflation under control. While the headline annual CPI came down a tick to 6.4%, month-on-month prices rose by 0.5%. After the data came out, Peter Schiff appeared on NTD News to explain why inflation is going to get even worse.

Total Household Debt Charts Biggest Rise in 20 Years

After charting its biggest increase since 2007 in the third quarter, household debt surged again in Q4 as Americans try to borrow their way out of the squeeze soaring price inflation has put on their wallets. Total household debt rose by $394 billion in the last quarter of 2022, according to the latest New York […]

Peter Schiff: The Fed Brought a Knife to an Inflation Gun Fight

Despite the hotter-than-expected CPI report, the mainstream still seems convinced that the Federal Reserve can get inflation under control and bring the economy to a soft landing. But Peter Schiff argues that the central bank can’t win this fight – at least not without crashing the economy. Since the Fed isn’t willing to do that, […]

Garbage In, Garbage Out: SchiffGold Friday Gold Wrap Feb. 17, 2023

Garbage in, garbage out. The phrase is usually associated with computers, but it also applies to the formulas used to generate government economic data. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey goes over the January CPI and retail sales data with that phrase in mind.

The Dark Side of January’s Big Retail Sales Print

Retail sales came in much stronger than expected in January after declining the previous two months. Mainstream financial media pundits immediately declared that this “jump in consumer spending” was a good sign for the economy. The Wall Street Journal called the robust sales report “evidence that US economic growth picked up at the start of […]