Peter's Blog

Inflation Persists As Fed Signals Rate Cuts

The U.S. Bureau of Labor Statistics (BLS) recently released two inflation reports highlighting inflation figures for December 2023. Here’s what they showed: 

Degrowth Advocates Misunderstand the Business Cycle

December saw a resurgence of “degrowth” advocates in the media, with two articles published by Nature garnering special attention on X (formerly Twitter). The fallacies underlying the degrowth movement are not new in economics, but it’s worth revisiting them and their important connections to monetary policy in the age of central banking.

Peter Schiff: The Fed Will Bank on Biden in 2024

The Federal Reserve will play a pivotal role in the upcoming election and aim to boost President Biden or another Democratic candidate.

Peter Schiff: 2024 Could Be Horrible For the Dollar

Peter Schiff left a stark warning at the end of the year: “2024 could be a horrible year for the dollar.”  Here are 3 big reasons why Peter thinks inflation might rise even higher this year.

The End! SchiffGold Friday Gold Wrap December, 29, 2023

We’ve reached the end of another year. A new year is always a good time for reflection. And maybe even some resolutions. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the trajectory of gold as we enter the new year, explains an economic truth, offers some thoughts on New […]

Peter Schiff: This Will Send Gold Off to the Races

Peter Schiff recently appeared on the Commodity Culture podcast to talk about gold. He said that while gold has done relatively well this year despite significant headwinds, we haven’t seen anything yet. Once the markets realize inflation is here to stay, gold will be off to the races.

Bills Filed in Oklahoma and Florida Would Create State Bullion Depositories

Bills filed in Florida and Oklahoma for the 2024 legislative session would create state precious metals bullion depositories. State-run bullion depositories would not only create a place to store precious metals; they could also encourage the use of sound money in those states and set the stage to undermine the Federal Reserve’s monopoly on money.

The Christmas Gift That Keeps on Taking

Two days before Christmas in 1913, Woodrow Wilson gave the United States a Christmas gift that keeps taking. On that day, he signed the Federal Reserve Act into law, creating the US central bank. Since that inauspicious day, the US dollar has lost 96% of its value.

Bank Bailout Program Balance Surges Again in December

What’s going on with US banks? Over the last month, loans outstanding in the Federal Reserve bank bailout program increased by $17.24 billion. It was the second month we’ve seen borrowing from the Bank Term Funding Program (BTFP) surge. And the pace of borrowing is increasing.

Bills Filed in Oklahoma and Missouri Would Eliminate Capital Gains Tax on the Sale of Gold and Silver

Bills filed in the Oklahoma and Missouri legislatures for the 2024 legislative session would eliminate state capital gains taxes on the sale of gold and silver. The legislation would also take other steps to treat gold and silver as money instead of as commodities.