Peter's Blog

Why Warsh Wants to Ignore Inflation’s Real Cost

As Kevin Warsh takes over as Fed chair, his stated preference for narrower, trimmed inflation measures is drawing scrutiny, and for good reason. Though it is technically correct that government-driven price hikes from wars, lockdowns, and years of interventionist policy are not “inflation” in the strict monetary sense, Warsh’s push to exclude them from the […]

Inflation Pops to 4.2%, Energy Fuels Surge 

Inflation’s embers flared again in May, dashing hopes that last year’s price scare was fading. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent for the month, lifting the headline rate to 4.2 percent year-over-year and marking a second straight acceleration. Energy was the chief culprit, and the renewed heat pushed safe-haven […]

As Inflation Keeps Rising, Americans Have No Savings

American households are plummeting to razor-thin financial margins as the personal savings rate falls to numbers last seen before COVID.  Personal savings fell from around 4.3% of disposable income in January to just over 2.5% in April, all as the cost of living continues to climb. Americans are drawing down reserves to cover groceries, housing, […]

Peter Schiff: Inflation Comes From Washington

In Friday’s episode of The Peter Schiff Show, Peter connects the dots between Washington’s fiscal choices, Federal Reserve policy, and the asset bubbles those choices create. He covers inflation’s true drivers, the hidden costs of today’s tech buildout, why Bitcoin is vulnerable, and why gold and silver remain the prudent hedge for savers. He closes […]

How Monetary Policy Punishes Saving

For generations, the wisdom passed down at kitchen tables was simple: spend less than you earn, save patiently, and let time do its quiet work. That world has been inverted. For over two decades, the Federal Reserve has systematically penalized savers through artificially low interest rates and persistent inflation, undermining the concepts of sufficiency and […]

Schiff w/ Joy: Inflation Is Winning

Last week Peter joined Shannon Joy on her podcast to warn listeners that runaway government spending and a corrupting alliance between state and corporate power are eating away at living standards. He connects collapsing consumer confidence, rising interest rates, and a political media culture that shields power to make the case that savers need sound […]

Schiff on Soar Financially: Gold’s Breakout Is Coming

Peter recently joined Kai on Soar Financially to lay out why gold and silver are sitting on the verge of a real move and what could finally trigger a breakout. He walks through the mispricing he sees in precious metals and related stocks, explains why collapsing real rates will be the tailwind markets are missing, […]

International Countries have only bought 10% of total new debt over 18 months

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends. Breaking Down the Balance Sheet As soon as the Fed ended Quantitative Tightening they launched a new round of Quantitative Easing. As shown […]

Schiff on Kitco News: Cheap Debt Today, Pain Tomorrow

On Tuesday, Peter appeared on Kiko News to warn that markets and the public are underestimating how costly the United States’ borrowing binge will become. He walks through bond market complacency, rising consumer inflation expectations, the danger that foreign creditors may stop funding the deficit, and how politics has dulled fiscal accountability. He also points […]

Propping Up the Yen, Again and Again

Can Japan just keep propping up the yen forever?  At a certain point, Japan won’t be able to just keep dumping dollars and Treasuries to prevent its currency from imploding.  With an economy so sensitive to rate hikes after decades of zero-interest rate policy, the Bank of Japan can’t endlessly jack up the cost of […]