Peter's Blog

A Silver Lining: SchiffGold Friday Gold Wrap Nov. 22

It’s been a pretty dreary week on Wall Street with another round of trade war pessimism. Otherwise, there hasn’t been a lot of economic news to roil markets and precious metals have remained pretty much rangebound. But host Mike Maharrey has a silver lining for you on this episode of the Friday Gold Wrap podcast, […]

Peter Schiff: It’s the Fed’s Fault!

Jerome Powell lectured Congress about the national debt last week, calling it unsustainable. The Federal Reserve chairman is concerned. He admitted that with interest rates already close to zero, the central bank has very little room to cut rates in the event of an economic downturn. Peter Schiff appeared on the Claman Countdown, along with […]

J. Powell Goes to Congress: SchiffGold Friday Gold Wrap Nov. 15, 2019

There was more optimism about a trade deal this week. There was also more pessimism about a trade deal this week. Markets reacted accordingly. But there was some other interesting news out there. Jerome Powell lectured Congress about the national debt and last month’s inflation data came in hotter than expected. Host Mike Maharrey covers […]

Consumer Debt Sets Another Record But Borrowing Pace Slowing

Consumer debt set another record in September, but the pace of borrowing appears to be slowing. This could signal trouble for an economy built on American consumers spending money they don’t have. Total consumer debt grew by $9.5 billion in September, according to the most recent data released by the Federal Reserve. That represents an […]

Delusional Market Overreaction: SchiffGold Friday Gold Wrap Nov. 8, 2019

It’s been a tough week for gold and silver and a record week for stocks because of — you guessed it — optimism about a trade deal. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the news of the week. Along the way, he also compares fickle investors obsessed […]

The Fed Is Working From a Position of Fear

The stock market keeps hitting new highs and employment reports continue to look good. President Trump and central bankers at the Fed like to point to this and tell us that the economy is doing good. But as Peter Schiff explained in his latest podcast, the markets aren’t making highs because the economy is good. […]

Peter Schiff: It’s Not a Great Economy Driving Stocks; It’s the Fed!

The Nasdaq and the S&P 500 closed on record highs Friday after a stronger than expected jobs report. But in his podcast, Peter Schiff said that the stock markets aren’t surging because of a great economy. They’re surging because of bad monetary policy.

Fed Rate Cut 3.0: SchiffGold Friday Gold Wrap Nov. 1, 2019

As expected, the Federal Reserve cut rates for the third time this year. We’re now down to 1.5%. The Fed hinted that cuts are likely on pause for now. But should we believe it? Was this the end of a mid-cycle adjustment? Or should we expect more moves by the central bank? In this episode […]

It’s Deja Vu All Over Again: SchiffGold Friday Gold Wrap Oct. 25, 2019

We’ve talked a lot about government debt and consumer debt. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey highlights the massive corporate debt bubble. As he explains, it’s eerily similar to the mortgage debt bubble the blew up in the years prior to the 2008 crash. It’s a little like deja […]

Government Stimulus Doesn’t Stimulate

The US government is spending money and running up debt at an unfathomable rate. The US national debt increased by a staggaring $814 billion in just two months. When confronted with this reality, most people just shrug. Policymakers certainly don’t care. They continue to ramp up spending and call for even more. Paul Krugman recently […]