Peter's Blog

Money Supply Grew by 4% in 2024

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.

Schiff w/ Kalbarczyk: Trump Won’t Fix the Economy

On Friday, Peter joined Artur Kalbarczyk for a wide-ranging conversation about the Federal Reserve’s next moves, the “time bomb” of U.S. government debt, and why he believes inflation will keep surging in 2025. Despite market expectations that the Fed will leave rates unchanged at its upcoming meeting, Peter sees plenty of monetary danger on the […]

Ending War by Ending the Fed: The Hidden Cost of Inflation

Critics of the Fed are well-versed in arguments against central banking. It enables reckless spending and creates monetary confusion, and it distorts prices for consumers. History also reveals another troubling result of central banking: more frequent and deadlier war.

Gold Gets Boost From Dollar Instability, Faltering Bond Prices

In recent months, the financial landscape has witnessed a notable shift in the relationship between bond yields and gold prices. As bond yields falter and economic uncertainties loom, gold is once again emerging as an asset of stability for investors seeking refuge from market volatility. This resurgence of interest in gold reflects a broader trend […]

Jerome Powell Has a Dream: Control Inflation

A recent article in the New York Times is reassuring. It assures us that while the recent CPI print showed inflation was running hot, not to worry! When measured in terms of “core” inflation, which “gives us a better idea of the underlying trend,” inflation actually isn’t so bad. And that underlying trend requires that […]

Schiff on Schwab Network: The Markets Have Mispriced the Dollar

On Wednesday, Peter joined Oliver Renick on Morning Trade Live to analyze the most recent batch of Consumer Price Index (CPI) data. As usual, Peter brings a dose of reality to the markets, pointing out that Wall Street is not taking inflation seriously enough and that analysts are too bullish on the dollar.

Gold Rallies as December Inflation Prompts Unease

Gold futures soared on the back of yesterday’s December’s Consumer Price Index (CPI) data, climbing by $29.50 (1.10%) to settle at $2,722.60 for the most active February contract. The U.S. Bureau of Labor Statistics revealed that overall inflation rose 0.4% in December—exceeding November’s 0.3% pace and slightly above economists’ consensus of 0.3%. On an annual […]

Rising Inflation Expectations Spark Concerns Over Tariffs and Consumer Confidence

U.S. consumers are bracing for higher prices over the next 12 months, according to the University of Michigan’s latest survey. One-year inflation expectations jumped to 3.3% in January, up significantly from 2.8% in December. This is the steepest increase since May and pushes the short-term outlook above the 2.3%-3.0% range seen in the two years […]

Money Supply Growth Surges to 27-Month High Amid Inflation Concern

Today’s mainstream political narrative would have you believe that inflation is permanently cooling. The data tells a different story, with the money supply growing faster now than it has for more than the last two years.

Celebrating 50 Years of Legalized Gold: A New Year’s Milestone

For all of economic history, gold has served as the preeminent money. Individuals holding gold could rest easy knowing they had a hedge against economic uncertainty, at least until President Franklin Roosevelt made it illegal to own the yellow metal. 50 years after this tyrannical edict was repealed, sound money advocates should thank Gerald Ford […]