Peter's Blog

Peter Schiff: Energy, Inflation, and Bad Policy Ahead

On Friday’s episode of The Peter Schiff Show, Peter lays out a bleak picture for the near-term U.S. economy: weak job gains, rising energy costs, and mounting commodity inflation that threaten to push real interest rates down and gold up. He also ties in geopolitical risks and a recent Supreme Court decision on tariffs to […]

Schiff w/ Joy: The Dollar’s Time is Limited

Last week, Peter appeared on the Shannon Joy Show to walk through why inflation is not a transient problem and how policy and politics are masking deeper economic risks. He connects recent price data, market vulnerabilities, and the dollar’s short-lived strength to argue that sound money — particularly gold — will expose the true state […]

Household Survey Shows a YTD Loss of 1.4M Jobs

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

This War Isn’t Affordable – It’s Debt-Funded

Unsurprisingly, the United States’ latest war is expensive and will almost certainly be financed via debt and inflation. While right- and left-wingers bicker about the costs of conflict in Iran, both sides have lost sight of the fact that the US can’t afford either of their preferred slates of government services– whether it be regime […]

December CPI Pops 0.3%, Gold Brushes $4,600

After a two-month data void caused by Washington’s funding standoff, the Bureau of Labor Statistics finally dropped December’s Consumer Price Index—and the numbers refuse to play along with the “mission-accomplished” narrative on inflation. Headline CPI rose 0.3 percent for the month, lifting the index to 324 and pushing the yearly gain to 2.7 percent—still north […]

Metals Tell the Truth About the Economy

Gold and silver are sniffing out the inflationary regime. Rising together, even after pullbacks, the historic run in precious metals is part of a desperate SOS signal for the economy. The Fed isn’t the only one printing money. Trump is floating plans for 50-year mortgages and payments for veterans, seeking any justification for “stimulus” that […]

Federal Budget: Government Deficit Exceeds $1.6T in 2025

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit. The government fiscal year closes at the end of September, […]

October Trade Deficit Drops to Lowest Level since Great Financial Crisis

The Trade Deficit is one of the two components of the ‘twin deficits’; the other being the federal budget deficit. The trade deficit used to be a number that received a ton of attention in the 1980s and 1990s because it was determined to be a strong gauge of the strength and weakness in the […]

Jobs: Every Jobs Report in 2025 has Been Revised Lower

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

Germany’s Painfully Boring Economic Decline

While it’s been known for many years that Germany’s economy is in poor health, the debate about the cause is quite contentious. Some claim that the government should have stepped in earlier while others claim that the government was the problem the whole time. Numerous German governments have tried to tackle this problem, but to […]