Peter's Blog

Schiff on CapitalCosm: Energy-driven Inflation is a Boon to Metal

Earlier this week, Peter joined Danny on CapitalCosm to warn that a dangerous combo of higher energy prices and rising interest rates is squeezing Americans and shifting investor behavior. He connects those forces to a renewed move into gold and silver as hedges, lays out the likely political fallout for Republicans in the midterms, and […]

Peter Schiff: Real Rates Fall, Inflation Soars

Peter opens Wednesday’s episode of the Peter Schiff Show by describing the difficult hand dealt to new Fed chair Kevin Warsh. He then walks listeners through recent startling inflation data, interest-rate math, and what that means for the dollar and precious metals. He closes by defending market-driven change and the role of the consumer in […]

The One Type of Person at the Heart of the Fed

The current Federal reserve board chairman and his successor share a very specific trajectory. They both went to an Ivy League for undergrad, got elite law degrees, went into the banking industry, and then transitioned to the public sphere. Their specific path should not be surprising to anyone, but we must critically ask whether people […]

April CPI Surprise Sends Gold to $4,700 as Energy Costs Surge

April’s Consumer Price Index offered scant comfort to households or policymakers, with headline prices rising 0.6 percent for the month and 3.8 percent from a year earlier, according to Wednesday’s Bureau of Labor Statistics release. Though the monthly pace eased from March’s blistering 0.9 percent gain, the yearly rate accelerated, underscoring that the inflation fire […]

Schiff w/ Grabarskyy: Pay Attention to What Central Banks are Buying

Last week, Peter joined Vladyslav Grabarskyy from Wealth Building Blueprint for a discussion on the state of the economy and metals markets. Peter takes Vladyslav through the case for hard money and explains why he thinks gold and foreign assets will outperform dollars and domestic stocks. He connects rising inflation, central-bank behavior, and geopolitical spending […]

Headline Report and Household Survey Show an Employment Gap of 341k Jobs in April

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

Why Transparent Monetary Policy Still Creates Instability

Some economists argue that the key to economic stability lies not in reforming the monetary system but simply in making the Fed more predictable and transparent in its policies. But as Austrian economists have long argued, it is not a lack of transparency that triggers boom-and-bust cycles. It is the Fed’s fundamental tampering with financial […]

Peter Schiff: The Dollar Is on the Brink

Last week, Peter joined Caroline at The Street for a discussion about the state of the economy and the future of the global reserve currency. He warns listeners that the U.S. faces deeper trouble than most realize and that the fallout could touch everything from stocks to sovereign credit and the value of the dollar. […]

Peter Schiff: Spirit Airlines Will Be a Government Boondoggle 

On Wednesday’s episode of The Peter Schiff Show, Peter dissects Fed Chair Jerome Powell’s final Federal Reserve conference and what it signals about monetary policy going forward. He tackles the surreal optics of a central banker promising to remain on the decision-making committee after his term ends, questions the Fed’s inflation credibility, and connects the […]

Behind the Fed’s Curtain: What They Really Think

The Federal Reserve is upheld as a scientific and prestigious institution capable of reining in the excesses of an unregulated economy. In public, Fed officials project confidence and candor, but in private they sometimes acknowledge the problems with centrally planning money. The following article was originally published by the Mises Institute. The opinions expressed do […]