Peter's Blog

Fed Absorbs $60B of 1 to 5-Year US Treasuries in September

The Fed keeps talk, talk, talking about tapering quantitative easing, but the balance sheet continues to get bigger and bigger and bigger. The Fed balance sheet stands at $8.45 trillion, up by$115 billion from the prior month-end.

Government Debt Retards Economic Growth

In fiscal 2018,  the national debt expanded by more than $1 trillion. According to data released by the Treasury Department, it was the sixth-largest fiscal-year debt increase in the history of the United States. A combination of increased spending along with shrinking revenues continues to expand the federal deficit and balloon the national debt. GOP apologists insist […]

Federal Government Posts Largest Deficit in Six Years

The federal debt spiral continues. The 2018 fiscal year ended Sept. 30 and the US government closed out the year with its largest budget deficit since 2012. Uncle Sam ended 2018 $779 billion in the red, adding to the ballooning national debt.

Tripping Down the Primrose Path to Ruin: SchiffGold Friday Gold Wrap 10.05.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Peter Schiff: The Party Is Over (Video)

We’ve been talking a lot about the rising levels of debt – both government and household. Set in an environment of rising interest rates, this is a huge problem very few people seem concerned about. We’ve been enjoying a big party and it’s about to come to an abrupt end.