Peter's Blog

Six Months of Falling Real Wages: Inflation Takes Its Toll

The Federal Reserve’s first rate hike since 2023 has done little to tame rising prices, with September’s CPI report showing both headline and core inflation accelerating well above the Fed’s two percent target. With wage growth falling short of price inflation for the sixth consecutive month, American workers are watching their purchasing power erode under […]

Peter Schiff: Inflation is a Policy Choice

In Wednesday’s podcast, Peter dismantles the Federal Reserve’s inflation-targeting framework and walks through how recent economic data reveal a much darker picture than the mainstream narrative suggests. He covers everything from the absurdity of the Fed’s “inflation catch-up” policy to disappointing GDP comparisons under Trump, before warning listeners that a historic financial reckoning is on […]

Schiff on Commodity Culture: Gold and Silver are Poised to Surge

Peter recently joined the Commodity Culture podcast to break down the recent pullback and consolidation in gold prices, and why he sees the metal’s long term trajectory still pointed higher. He also discusses silver’s historic breakout, the mounting debt burden weighing on economies worldwide, and compares American entitlement programs to a wheelbarrow with too many […]

Schiff on Triangle Investor: The US is Turning Into Japan

Earlier this week, Peter joined the Triangle Investor podcast to break down the latest inflation data, the deteriorating state of the mortgage market, and the inevitable reckoning awaiting the US government’s addiction to debt. He also weighs in on crypto’s political fortunes and draws parallels to Japan’s own debt troubles, warning that sovereign nations worldwide […]

Schiff on “Let’s Talk Geopolitics:” The Debt Trap Springs Shut

Last week, Peter joined Cyrus and Alex on the “Let’s Talk Geopolitics” podcast to lay out why he believes America’s fiscal and monetary situation has reached a point of no return. He walks through the choice between hyperinflation and outright default, criticizes Trump’s handling of the economy heading into the midterms, and explains why gold, […]

Schiff w/ Bodrovics: We’re in a Debt Spiral

Peter recently joined The Competent Investor podcast to lay out his assessment of where U.S. fiscal and monetary policy are headed. He walks through the mechanics of a looming sovereign debt crisis, explains how the Federal Reserve has backed itself into a corner, and details how rising interest rates are quietly wrecking the housing market. […]

Government Deficit Reaches $2T in Fiscal Year 2026

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit. The government fiscal year closed in September, but this analysis […]

Stop Blaming Mortgage Rates for Slumping Home Sales

Housing activity has frozen as the average 30-year mortgage rate climbed from 6.2 percent last October to 7.4 percent this month, but a rate of 7 percent is historically unremarkable and only looks high because the Fed spent years suppressing rates with quantitative easing. With long-term yields likely to stay elevated under $40 trillion in […]

Peter Schiff: Socialism Simply Can’t Work

In Wednesday’s episode of his podcast, Peter walks through the self-reinforcing cycle of deficits, inflation, and interest rates that he believes is cornering the U.S. economy, and explains why rising inflation numbers should be sending investors into gold rather than out of it. He also touches on the deteriorating housing market, offers a refresher on […]

Schiff vs. Cardone: Bitcoin and Real Estate Don’t Mix

Earlier this week, Peter sat down with real estate mogul Grant Cardone and David Lin for a debate that spans the details of REITs (Real Estate Investment Trusts), combining them with Bitcoin investment funds, and the deteriorating state of the US economy. The conversation turns pointed as Peter dismantles Cardone’s claims about REIT cash flow […]