Peter's Blog

The Problems Are Right Here in the Good Ol’ US of A: SchiffGold Friday Gold Wrap 03.15.19

Federal Reserve Chairman Jerome Powell appeared on 60 Minutes last Sunday to reassure us that the US economy is great. There’s nothing to worry about. So, why the sudden reversal in Fed monetary policy? According to Powell, the central bank is just worried about slowing global growth. But as Mike Maharrey discusses in this week’s […]

Peter Schiff: Powell Was Out There to Lie to the American Public on 60 Minutes

What is the biggest problem in the US economy? As Peter Schiff put it in a recent podcast, “The big, fat, ugly bubble is deflating and the air is coming out.” And that is precisely why Peter thinks Jerome Powell recently appeared on 60 Minutes. This is part of a confidence road show – a […]

Peter Schiff: I Don’t Think I’ve Ever Seen People More Clueless

The February jobs report came in significantly below expectations. First quarter GDP estimates are way down. And we’re seeing other numbers that indicate a rotting economic foundation. But nobody is worried. In fact, most of the attention continues to be focused on the trade deal as if it is going to push the economy to […]

Not Smart Enough to Know They’re Not Smart Enough: ShiffGold Friday Gold Wrap 03.08.19

Central bankers and politicians think they can run the economy. They can’t. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into some fundamental economic theories that explain why these central planners will always fail, no matter how noble their intentions.

Peter Schiff: America’s Economic Problems Are Self-Inflicted (Video)

Peter Schiff has been talking a lot about the prospects of a trade deal lately. His point: an end to the trade war isn’t going to heal America’s economic wounds. And those wounds? Well, they’re self-inflicted. Peter appeared on RT again on Monday (March 4) to hammer home this point.

Patience Grasshopper! SchiffGold Friday Gold Wrap 03.01.19

Jerome Powell went to Capitol Hill this week and continued to preach patience. In other words, the Powell Pause is still firmly in play. In fact, the Fed chair confirmed that balance sheet reduction is a done deal. But why this sudden patience? In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks […]

Student Loan Bubble Just Keeps Getting Bigger

Based on the latest data, the student debt crisis in America isn’t about to end any time soon. US household debt climbed to a record $13.54 trillion in the fourth quarter of 2018. Student loan debt makes up a sizeable chunk of that total. In fact, student loan debt now ranks as the second-largest consumer […]

Wholesale Inventories Post Biggest Gain in 5 Years: Another Sign of Slowing Economy

Even as the Federal Reserve and the financial news network pundits continue to dangle the prospect of a booming economy in front of us, we’re seeing more and more bad news that undermines this narrative and reveals the rotting foundation of the US economy. The wholesale inventory report that came out yesterday is the latest […]

Peter Schiff: The Fed Is Trying to Get the Market A Little Bit Pregnant When It Comes to Inflation

There was a lot of Fed-talk on Friday and the big theme was inflation. For quite a while, Peter has been asking an important question: what is the Federal Reserve going to do when the inflation level gets above 2%? Well, it looks like its setting the stage. 

Peter Schiff: We’d All Be Better Off if Cortez Was Still Waiting Tables Instead of Working in Congress

Peter Schiff recently appeared on InfoWars with Alex Jones to talk about Alexandria Ocasio-Cortez and the Green New Deal. He said the real problem isn’t the climate deniers, it’s the economy deniers.