Peter's Blog

Fed is Adding $20B a Month to the Balance Sheet

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends. Breaking Down the Balance Sheet As soon as the Fed ended Quantitative Tightening, they launched a new round of Quantitative Easing. As shown […]

Rate Cut Crisis Barely Dodged With New Jobs Numbers

Just a few days ago, it seemed that the US was on the verge of a recession. While the long-term trajectory is still one that is far too tenuous to rely on, the recent jobs report seems to suggest that the US is not headed for immediate recession. Although the status of the US in […]

CPI vs. Zoe’s Grocery Receipt: Which Inflation Measure Tells the Truth?

In a welcome reminder that all inflation measurements are fundamentally arbitrary, a recent TikTok went viral for showing the extremes of inflation over the last two decades. Perhaps this virality will teach Gen Z a thing or two about inflation, its true causes, and why the state is prone to downplay the true extent of […]

Schiff on Reality Check: Get the Government Out of Money

Peter joined Michael Simmons on Reality Check last week to explain why the recent drops in gold and silver are exactly the kind of price action investors should welcome. He connects the sell-off to forced liquidations in other markets, walks through decades of Federal Reserve (the Fed) policy mistakes, and warns that continued dollar creation […]

Schiff w/ Horowitz: Gold Is Being Targeted

Last week, in his second recent interview with Daniel Horowitz, Peter lays out a broad critique of today’s economic policy and market behavior. He centers the conversation on what he sees as a coordinated attempt to suppress precious metals, then ties that theme to the bigger-picture issues of stagflation, dollar debasement, tariffs, shifting debt strategy, […]

Schiff w/ Livera: Debt is the Bubble, Bitcoin Isn’t the Answer

At the end of January, in addition to his highly anticipated debate at the Plan B Bitcoin Forum in El Salvador, Peter also took part in an interview with debate moderator Stephan Livera on his podcast. In their conversation, Peter lays out a broad critique of where he thinks American policy and markets are headed: […]

Schiff w/ Diesen: Gold Is Headed Much Higher  

On his latest appearance with Glenn Diesen, Peter lays out a sober case for why investors should consider gold as a primary hedge against a coming dollar and sovereign debt crisis. He walks through what he sees as the consequences of prolonged credit expansion, a bloated housing market, misdirected trade and military policies, and the […]

Schiff on The Competent Investor: Even Greenspan Agrees with Me

Earlier this week, Peter appeared on The Competent Investor podcast with host Tom Bodrovics. They focus on last week’s metal sell-off, and Peter explains why investors still misunderstand precious metals and the miners that produce them. Throughout, he argues that sound money remains the sane hedge in a world of inflationary policy and fragile crypto […]

Schiff w/ Lin: The Dollar’s Gravy Train is Ending

In his latest conversation with David Lin, Peter lays out a stark vision of a changing monetary order where gold regains its central role and the dollar’s slowly overtaken by other currencies as the reserve asset. He ties the shift to central bank behavior, the Fed’s role as buyer of last resort, and the political […]

Schiff w/ Millman: Gold Will Replace the Dollar

Last week, Peter joined Everett Millman on the Verified Macro Report to lay out a clear, uncompromising case against the last several decades of monetary policy and to explain why he sees gold and silver—not fiat or most cryptocurrencies—as the natural refuge for investors. He ties the Fed’s policy errors to rising long-term rates, a […]