Peter's Blog

Going Off Script: Friday Gold Wrap Podcast Aug. 13, 2021

Gold and silver tanked after last Friday’s job report. But both metals have rallied a bit since the July CPI numbers came in right at expectations. In this episode of the Friday Gold Wrap, host Mike Maharrey looks a little deeper at jobs and CPI. Then he goes off-script and addresses some listener comments.

Peter Schiff: When It Comes to Inflation, We’re Just Getting Started

The July Consumer Price Index (CPI) data came out this week. For the first time, the numbers were in line with expectations, leading many mainstream pundits to declare “transitory” inflation is already starting to cool down. Peter Schiff broke down the report in his podcast. He said inflation is far from cooling off. In fact, […]

July CPI: Many Price Categories Are Still Increasing

For the first time this year, CPI data came in within expectations. Many in the mainstream took this as a sign “transitory” inflation might be cooling. But many prices continue to increase. The BLS Consumer Price Index (CPI) has become one of the most anticipated data points each month. The CPI has become a controversial […]

Peter Schiff Breaks Down the Inflation Tax (Video)

Peter Schiff recently appeared on the Matt Walsh podcast. During the interview, he broke down exactly how the Federal Reserve and the US government team up to hit you with an inflation tax.

“Transitory” Price Increases Are Forever

Prices are rising throughout the US economy. Federal Reserve Chairman Jerome Powell keeps telling us this inflationary surge is “transitory.” But transitory doesn’t mean what you think it means. The truth is higher prices are forever. Here’s just a sampling of the price increases we’ve seen over the past few months.

Peter Schiff: Let the Free Market “Build Back Better”

Congress is moving toward finalizing a $1 trillion infrastructure bill. Peter Schiff appeared on Newsmax “The Count” with Jenn Pellegrino to talk about the spending spree. Biden said spending billions on government projects will help America to “build back better.” Politicians have been promising this for decades. But Peter said it’s the wrong approach. We […]

Consumer Debt Grew at Record Rate in June

After posting a 10.4% increase in May, consumer debt continued to expand, growing by a record rate in June. Consumer credit grew by $37.69 billion in June, according to the latest data from the Federal Reserve. That represents a 10.6% increase. The Fed also revised the May number up from $35.3 billion to $36.6 billion.

Markets Are Moving on a Fantasy

We’ve seen a sharp selloff in both gold and silver. Gold was down over $40 an ounce Friday. Meanwhile, the US dollar saw a sharp increase, along with a rise in long-term Treasury yields. The catalyst for these sharp moves was a better-than-expected jobs report and expectation that it will spark a quick pivot to […]

Faking It: SchiffGold Friday Gold Wrap Podcast Aug. 6, 2021

Gold was solidly above $1,800 an ounce this week until Fed Vice Chair Richard Clarida mentioned the economy reaching the Fed’s goals earlier than expected and raised the specter of monetary policy tightening. But is the economy really improving as much as everybody seems to think? In this week’s Friday Gold Wrap, host Mike Maharrey […]

June Trade Deficit Sets New Record of $75.7 Billion

The US Trade Balance shows the deficit and surplus of US trade for Imports and Exports. A deficit occurs when imports are greater than exports. When the Trade Balance is in deficit (which it has been for decades), it accounts for one of the two components of the Twin Deficits. The Fiscal Deficit accounts for […]