Peter's Blog

Will China Be the First Domino in a Global Collapse?

The increasingly desperate, secretive Chinese Communist Party may be powerless to stop the combination of downward trends which, upon passing an event horizon, could trigger a global collapse as the world’s second-largest national economy continues to edge closer to the brink.

The Fed vs. The Treasury: All Roads Lead to Inflation

In the fight against inflation, is it the Fed or the Treasury that calls the shots? The answer is, it’s both. The Fed raises interest rates to make loans less attractive and bring inflation down, but The Treasury has its own set of magic tricks to artificially “stimulate” or “tighten” the economy as well. One of […]

Schiff on Business Matters: Consumers Are in Big Trouble

On Friday, Don Ma interviewed Peter on NTD’s Business Matters. Their conversation focuses on declining consumer sentiment. With GDP and unemployment figures also signaling a recession, a worsening consumer outlook bodes poorly for the economy.

New Schiff Interview: All Inflation Has One Source

On Wednesday, Peter appeared on This Week in Mining with Jay Martin. Jay and Peter discuss the state of the economy, the government’s assault on sound money, and why the mining sector constitutes a good investment.

Peter Schiff: Rate Hikes on the Horizon? 

Peter’s back to recap the last week in markets and economic news. This episode starts with April’s dismal stock performance and also discusses Jerome Powell’s most recent appearance. Peter wraps up the episode by recounting the Bitcoin debate he participated in on Friday.

New Peter Schiff Interviews: We’re in a Stealth Bull Market for Gold

On Thursday, Peter appeared on OAN’s Real America with Dan Ball to discuss the U.S. Strategic Petroleum Reserve, the costs of home ownership, and the debt crisis. Peter argues the Biden administration won’t be able to refill the reserve, given oil’s 22% price increase this year. With the CRB exploding, Jerome Powell’s claim that inflation is coming […]

The Fed to Force Healthy Banks Into a Sinking Lifeboat

Federal regulators are plotting a course that could see America’s sturdiest banks tied to a sinking lifeboat. This plan, designed to compel banks to use the Federal Reserve’s discount window, aims to normalize the act of reaching for this financial lifeline amidst turbulent seas.  It’s as if the Fed is asking the healthiest swimmers to […]

Bank Bailout Program Balance Surges Again in December

What’s going on with US banks? Over the last month, loans outstanding in the Federal Reserve bank bailout program increased by $17.24 billion. It was the second month we’ve seen borrowing from the Bank Term Funding Program (BTFP) surge. And the pace of borrowing is increasing.

A Monster Under the Bed: SchiffGold Friday Gold Wrap December 1

Imagine a bedroom. It looks clean and safe, but there is a monster under the bed that nobody notices. As host Mike Maharrey explains in this episode of the Friday Gold Wrap, that’s basically the condition of the US banking system right now. It appears “sound,” but a closer look reveals a financial crisis is […]

Unrealized Losses at US Banks Exploded in Q3

Unrealized losses on securities held by US banks exploded by 22% in the third quarter. Of course, unrealized losses don’t really matter — until they do. This is yet more evidence that the financial crisis that kicked off last March continues to bubble under the surface.