Peter's Blog

Ron Paul: The Great Crackup Is Coming

Peter Schiff has been driving home the fact that the Fed’s extraordinary monetary policy isn’t helping the economy. In fact, it’s setting the stage to destroy it. Peter points out that the Fed seems to think inflation is the cure for what ails us. That means the monetary and fiscal policies that resulted from COVID […]

Price Inflation Doesn’t Tell the Whole Story

The Federal Reserve has increased the money supply by an astounding amount. This is by definition inflation. But the mainstream insists this isn’t a problem because we haven’t seen a big jump in the consumer price index. CPI has been creeping up, but it hasn’t reached the mythical 2% level. The Fed has signaled it […]

Peter Schiff: A Lot of Americans Think Like a 7-Year-Old

Peter Schiff shared his son’s Christmas list and drew a rather disconcerting conclusion – a lot of Americans think like a 7-year-old kid.

Peter Schiff: Government Sedating the Economy With Stimulus

President Trump threw a wrench into coronavirus stimulus relief, calling the massive spending bill “a disgrace” and threatening to veto the legislation if Congress doesn’t go back and up the individual checks from $600 to $2,000. It remains unclear how the politics will play out. House Speaker Nancy Pelosi tweeted “Let’s do it!” putting pressure […]

Stimulus for Everybody! (Just Not You)

The US government is stimulating everybody. Just not you. Congress finally pulled together a stimulus deal. Both houses of Congress passed the $900 billion measure. It ranks as the second-largest “stimulus” bill in history, only behind the CARES Act passed earlier this year.

US Money Supply Continues to Expand at Record Pace

The money supply grew by 37.08% year-on-year in November based on the True Money Supply Measure (TMS). It was effectively the same rate of growth we saw in October and remains near September’s all-time high rate of growth. The staggering growth in the money supply becomes more clear when you compare this year with last. […]

Peter Schiff: The Dollar’s Loss Is Not America’s Win

The big story last week was the dollar’s slow meltdown. The dollar index broke below 90 for the first time since the spring of 2018. The financial media hasn’t ignored the dollar weakness, but Peter said they don’t seem to grasp the significance of what’s going on, nor do they realize how much further the […]

Welcome to My Fed Talk: SchiffGold Friday Gold Wrap Dec. 18, 2020

The Federal Reserve held its last meeting of the year this week. There were no big surprises policy-wise. But Jerome Powell and company made it clear that the easy-money spigot will remain wide open pumping trillions of dollars created out of thin air into the economy. In this episode of the Friday Gold Wrap podcast, […]

Peter Schiff: Jerome Powell’s Ignorance Won’t Be Bliss

In its last meeting of 2020, the Federal Reserve made it clear the easy-money spigot will remain wide open into the foreseeable future. During his post-meeting press conference, Federal Reserve Chairman Jerome Powell seemed clueless about the ramifications of this policy – particularly the impact of inflation. Peter Schiff talked about the Fed meeting and […]

South Carolina Bills Would Cut Taxes on Gold and Silver, Support Sound Money

Three bills prefiled in the South Carolina House would cut taxes on precious metals and take important steps toward treating gold and silver as money instead of as commodities. Passage of these bills would also set the stage to undermine the Federal Reserve’s monopoly on money. South Carolina is the first state to propose this […]