Peter's Blog

Texas Bill Would Create State-Issued Gold-Backed Digital Currency

Bills introduced in the Texas House and Senate would create a state-issued, gold-backed digital currency. Enactment of this legislation would create an option for people to transact business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money and create a viable alternative to a central bank digital currency (CBDC).

JP Morgan Head: The Banking Crisis Is Not Over

Most people in the mainstream seem to think that the recent bank bailout plugged the crack in the dam and stabilized the banking sector. But one big bank boss disagrees. In an annual letter, JP Morgan Chase CEO Jamie Dimon said that the banking crisis isn’t over and that we will feel its repercussions for […]

Peter Schiff: The Fed Flunked It’s Own Stress Test

In the aftermath of the failure of Silicon Valley Bank and Signature Bank, many rushed to blame their demise on a lack of regulation. In particular, they focused on the fact that these banks were not required to undergo a Federal Reserve stress test. Indeed, small and midsize banks are exempt from the stress test […]

Services Price Inflation at Highest Level Since 1984

Energy prices have moderated and the price of some goods has dropped in recent months, but the cost of services continues to rise at a red-hot pace and is at the highest level since 1984. As a result, the core personal consumption expenditures price (PCE) index rose by  4.6% year on year. This is yet […]

The Next Shoe to Drop? SchiffGold Friday Gold Wrap March 31, 2023

The Federal Reserve has added nearly $400 billion to its balance sheet in just two weeks while simultaneously claiming to still be in the inflation fight. While things seemed pretty quiet this week after the bank bailout, Friday Gold Wrap host Mike Maharrey says it’s only a matter of time before the next shoe drops. […]

Could the Commercial Real Estate Market Be the Next Thing to Break?

Could the commercial real estate market be the next thing to break in this bubble economy? The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low interest rates in the wake of the 2008 financial crisis […]

Peter Schiff: Bank Bailouts Will Devalue the Dollar

Peter Schiff appeared on NTD News to talk about the bank bailout and the March Federal Reserve meeting. During the conversation, Peter explained that everybody is going to pay for these bailouts because they will ultimately devalue the dollar as inflation skyrockets.

Fed Adds Another $94 Billion to Its Balance Sheet in Week Two of Bailout

In the week before it raised interest rates another 25 basis points to fight inflation, the Federal Reserve added more than $94 billion to its balance sheet. This was on top of the nearly $300 billion it piled onto the balance sheet in the first week of its bank bailout. The balance sheet reveals that […]

Peter Schiff: This Is a Sequel to 2008 and Like All Sequels It Will Be Worse Than the Original

Peter Schiff appeared on Real America with Dan Ball to talk about the bank bailout, the unfolding financial crisis, the Fed and inflation. He said this is a sequel to 2008 and like all sequels, it’s going to be worse.

The Fed Is Trying to Thread a Needle With a Rope: SchiffGold Friday Gold Wrap March 24

On Wednesday, the Federal Reserve raised interest rates again despite the problems in the banking system. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the Fed’s inflationary efforts to paper over the problems in the financial system while still keeping up the pretense of an inflation fight. He says it’s […]