Peter's Blog

Hotter Than Expected CPI – A Recurring Theme

“Hotter than expected.” This seems to be a recurring theme when it comes to price inflation. The September CPI data gave us another variation on that tune. And it should once again remind us that the Federal Reserve is nowhere near its 2% target.

Peter Schiff: The US Can’t Afford Peace, Much Less War

War broke out in the Middle East over the weekend after Hamas attacked Israel. In his podcast, Peter broke down the possible economic ramifications here in the United States. He said the US can’t afford peace, much less war.

Not Just Wrong; Wildly Wrong! SchiffGold Friday Gold Wrap Oct. 6, 2023

The mainstream wasn’t just wrong about inflation in 2020. It was wildly wrong. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey dissects a 2020 video produced by CNBC to show just how wrong they were. He explains why they were wrong and teaches some economics along the way. He also discusses […]

Could They Have Been More Wrong About Inflation in 2020?

I recently ran across a video produced by CNBC back in July 2020. It is titled “Why Printing Trillions of Dollars May Not Cause Inflation.” That aged poorly, didn’t it? And people wonder why I keep saying you should be skeptical of mainstream narratives.

Fed’s Favorite Inflation Measure Revised Higher

Price inflation has been even worse than advertised. Of course, you know that because you’ve lived it. But it is nice when the data crunchers swerve a little closer to reality. The Bureau of Economic Analysis did just that, revising its Personal Consumption Expenditure (PCE) data higher for the entirety of this inflation cycle.

Peter Schiff: Banks Have a Bigger Real Estate Problem Today Than They Did in 2007

Banks are more vulnerable to the housing market now than they were in 2007. Most people in the mainstream will scoff at that statement. They’ll tell you that the situation is very different today. After all, we don’t have a big problem in the subprime mortgage market. We’re not seeing a big spike in defaults. […]

Peter Schiff: A Fork in the Road

The markets seem to think that everything is fine. They believe the Fed has effectively beat price inflation and it can mop it up without crashing the economy. In his podcast, Peter Schiff said in reality the Fed is at a fork in the road, and there is an imminent disaster waiting no matter which […]

We’ve Been Gaslit! SchiffGold Friday Gold Wrap Sept. 29, 2023

The economy is great! Inflation is dead! We’re on our way to a soft landing! We keep hearing messages like this over and over again from Fed officials, the Biden administration, academics, and financial news pundits. But doesn’t the spin seem a little detached from reality? In this episode of the Friday Gold Wrap, host […]

The End of the Road for the Dollar

With the Asian hegemons undoubtedly able to introduce gold standards, where does that leave the dollar? This article describes just how precarious the fiat dollar’s position has become.

The Dangerous Myth of a Soft Landing

The Federal Reserve has pushed interest rates to over 5%. At the most recent FOMC meeting, it indicated that it may have to hold rates higher for longer. But the mainstream remains unconcerned. The narrative is that the Fed has successfully raised rates to fight inflation and is now guiding the economy to a “soft […]