Peter's Blog

GDP Spin Is Orwellian Doublespeak

Despite all the talk about a “strong economy,” nobody was expecting a blistering hot GDP for the first quarter. The consensus was for around a 1% gain. As it turned out, it was even worse than expected. GDP shrank in Q1, contracting by 1.4%. Despite the awful number, the mainstream spun it as a positive. […]

Peter Schiff: GDP and Stocks Down, Inflation Up; That Equals Recession

GDP contracted in Q1. The stock market has been tanking. The inflationary fire continues to burn. As Peter Schiff explained in his podcast, this all signals a recession. And yet the Federal Reserve is on track to raise interest rates. How is this going to work?

“The Economy Is Strong!” and Other Myths and Rumors: SchiffGold Friday Gold Wrap April 29

Jerome Powell and other policymakers at the Fed keep telling us they can raise interest rates and slay the inflation dragon because the economy is strong. But these central bankers have a long history of being wrong. And as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the recent GDP […]

Gold Demand Surges in First Quarter

Gold demand surged to kick off the year, up 34% year-on-year in the first quarter of 2022. Total demand came in at 1,234 tons in Q1. That was the highest quarterly demand since Q4 2018, according to the World Gold Council’s Gold Demand Trends report. Demand in the first quarter of this year was 19% […]

Peter Schiff: The Fed’s Ego Is the Only Thing Bigger Than This Bubble

The Fed insists it can tighten monetary policy and tackle inflation without hurting the economy. Federal Reserve Chairman Jerome Powell and other central bankers claim the economy is strong enough to handle higher interest rates. Peter Schiff said this is just another in a long line of arrogant miscalculations by the Fed.

Ron Paul: Don’t Blame Putin or Greedy Corporations for Inflation; Blame Jerome Powell

Everybody and their brother is an expert on inflation now. And everybody thinks they can pinpoint the reason for rising prices. It’s Putin! Or maybe it’s greedy corporations. Or was it COVID? As Ron Paul explains, it was none of the above. The blame for this inflationary fire falls squarely on the shoulders of Federal […]

Jerome Powell: Wrong, Wrong and More Wrong

Federal Reserve Chairman Jerome Powell recently participated in an IMF roundtable with European Central Bank President Christine Lagarde and several other figures in global politics and banking. In his podcast, Peter Schiff broke down Powell’s comments and revealed that just about everything Powell said was wrong.

The Quick and Dirty on Inflation

The inflation freight train continues to barrel ahead. Not only are consumer prices at historically high levels; producer prices continue to run ahead of CPI, casting some doubt on the “peak inflation” narrative in the mainstream. Despite the fact that inflation has been running hot for over a year, the mainstream pundits, government officials and […]

The Fed’s Conundrum: SchiffGold Friday Gold Wrap April 22, 2022

The Fed faces a real conundrum. Bond yields continue to rise. The only thing that can stop it is a central bank pivot back to rate cuts and quantitative easing. But the Fed needs to raise rates and shrink its balance sheet to fight inflation. In this episode of the Friday Gold Wrap podcast, host […]

Peter Schiff: Real Incomes Collapsing at an Unprecedented Rate

Americans are earning more, but inflation is eating up their rising wages and then some. In his podcast, Peter Schiff talked about the unprecedented collapse in real incomes and how it will trickle down through the economy.