Peter's Blog

Ron Paul: Federal Reserve Policy Is a Complete Failure

A Peter Schiff put it, double-barrel inflation is locked and loaded. But after yet another month of hotter thane expected CPI, the central bankers at the Federal Reserve continue to insist that inflation is “transitory” and blame it on everything except their monetary policy. These central bankers lack any sense of self-awareness. If they did, […]

The Fed’s Artificially Low Interest Rates Are Eating Away at Social Security

The Federal Reserve has held interest rates artificially low for decades. This causes all kinds of distortions and misallocations in the economy. And it’s creating quite a problem for the Social Security Administration.

Janet Yellen Faces the Nation and Lies About Inflation

After last week’s sizzling hot CPI data, inflation talk continues to dominate the news. The government and central bank have been insisting inflation is transitory. Now they’ve turned to a new spin tactic – recycling 1970s inflation propaganda. Treasury Secretary and former Federal Reserve chair Janet Yellen appeared on Face the Nation and spent the […]

Peter Schiff: The Only Thing Transitory Is the Fed’s Credibility

The October CPI numbers came in much higher than expected. In his podcast, Peter dug into the data juxtaposed with the official narrative that inflation is transitory. When you boil it all down, the only thing that is transitory is the Federal Reserve’s credibility.

You Call This Transitory? SchiffGold Friday Gold Wrap Nov. 12, 2021

The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can […]

Peter Schiff: You’re Going to Be on the Hook for Rising Producer Prices

Much hotter than expected CPI data for October stole the spotlight on Wednesday, but there was more bad news on the inflation front that received less attention. The annual Producer Price Index (PPI) increase in October tied September’s record, as rising producer prices continue to undercut the “transitory inflation” narrative.

They Expected Inflation to Come in Hot in October; It Came in Sizzling

The consumer price index was expected to come in hot yet again in October. It came in sizzling. The actual CPI numbers for last month were even hotter than expected as “transitory” inflation remained well above 5% on an annual basis for the sixth straight month.

Peter Schiff With Megyn Kelly: Inflation Robs Working and Middle-Class Americans

Despite government officials and central bankers continuing to peddle the “transitory” inflation narrative, the average American isn’t buying it. They feel the squeeze of rising prices in their wallets. And it’s the average American who is hurt particularly hard by the skyrocketing cost of living. Peter Schiff appeared on the Megyn Kelly show to talk […]

Inflation Expectations Have Become Unanchored

American consumers aren’t buying the transitory inflation narrative. Even after five straight months of annual CPI increases over 5%, Jerome Powell continues to insist inflation is “transitory” and the result of a “supply chain problem.” But according to the New York Federal Reserve Survey of Consumer Expectations, people aren’t buying this story. They expect inflation […]

Peter Schiff: Gold Rally Indicates Sellers Are Exhausted

Despite the Fed announcing it will begin tapering QE and a better than expected jobs report, gold rallied on Friday. In his podcast, Peter Schiff said this is sign sellers are exhausted.