Peter's Blog

Powell’s Price Hike: SchiffGold Friday Gold Wrap April 15, 2022

We got the CPI data for March this week. As expected, prices spiked significantly again last month. A lot of people in the mainstream are calling it “Putin’s price hike.” Friday Gold Wrap host Mike Maharrey says it would be more appropriate to call it Powell’s price hike. In this episode of the podcast, he […]

Peter Schiff: Peak Inflation Is Just Wishful Thinking

As expected, the March Consumer Price Index was smoking hot with a 1.2% month-on-month increase and an 8.5% annual gain. But the mainstream found a silver lining in the numbers. Core inflation wasn’t quite as high as expected leading many to conclude that we’ve reached “peak inflation.” In his podcast, Peter Schiff said this is […]

The Inflation Freight Train Keeps on Rolling

The inflation freight train is still hurtling down the track at breakneck speed. Everybody expected a big Consumer Price Index number for March. When it was all said and done, we got what was expected. And then some.

Peter Schiff: March Madness in the Bond Market

There was a little March Madness on Wall Street. In fact, the month turned into an old-fashioned blood bath. But you wouldn’t have found any carnage in the stock market. In fact, the Dow Jones gained a decent 2.3% on the month. But beneath that glittery stock market stage (that attracts the most investor attention) there […]

As Prices Rise Americans Turning to Their Credit Cards

Prices keep rising faster than wages. The stimulus checks are long gone. Savings are being depleted. How is the average American supposed to make ends meet? The only option is to charge it. And that’s exactly what Americans are doing.

Delusions of Grandeur: SchiffGold Friday Gold Wrap April 8, 2022

Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull […]

Why Won’t the Fed Be Able to Shrink Its Balance Sheet?

Earlier this week, Federal Reserve governor and vice-chair nominee Lael Brainard indicated the central bank will shrink its balance sheet at a “considerably” more rapid pace than it did during the previous cycle. I, Peter Schiff and a few others outside the mainstream have said the Fed won’t be able to do this. Why not?

Peter Schiff: The People at the Fed Aren’t Hawks; They’re Chickenhawks

Federal Reserve Governor Lael Brainard sounded a hawkish tone on Tuesday, promising to ramp up the inflation fight. As Peter Schiff put it in his podcast, the uber-dove started talking like a super-hawk. But the Fed members aren’t really going to be able to follow through on this inflation fight. In reality, they aren’t hawks. […]

Your Rising Wages May Make You Feel Better — Until You Try to Buy Stuff

Despite the biggest increase in average hourly wages for production and non-supervisory workers in 40 years, these people are actually worse off. Why? Rising prices are eating up their income gains.

Peter Schiff: America Is Heading for Stagflation

Most people seem to think that tighter monetary policy will bring on a recession, but they believe that it will solve the inflation problem. In his podcast, Peter Schiff explained why they’ve got it half right. We are heading toward a recession, but it’s not going to solve the inflation problem. In reality, we’re heading […]