Peter's Blog

ADP Numbers: Private Sector Dumps Over 30K Jobs

U.S. private-sector hiring slipped into negative territory last month, according to the November ADP National Employment Report released December 3rd. Payrolls fell by 32,000 positions—an abrupt reversal that economists say underscores gathering economic headwinds and a wary consumer. Small businesses were the hardest hit, shedding 120,000 jobs, while the spot price of gold briefly punched […]

Fed Governor Bowman Tries to Reassure House Committee

Federal Reserve Vice Chair for Supervision Michelle Bowman assured House lawmakers on December 2nd that the “Federal Reserve” “banking system remains sound and resilient,” citing robust capital ratios, ample liquidity, and falling non-performing loans. Testifying before the House Committee on Financial Services, she painted a largely upbeat picture of traditional banks even as gold prices—often […]

What Will Black Friday 2025 Tell Us About American Consumers?

Black Friday, the ultimate consumer holiday, has lost some of its luster in recent years as Americans become increasingly indebted, cash-strapped, and hamstrung by high inflation. Known as an all-out buying bonanza where shoppers flood retailers for deals on everything from TVs and toys to kitchen utensils, this year all signs point to a muted […]

Fed Ends QT with a Balance Sheet 75% Higher than Pre-Covid

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 The Fed has decided to end Quantitative Tightening (QT) on December 1st. In late 2019, the Fed balance […]

Be Thankful Gold and Silver Keep Giving

Peter Schiff presents his ‘Friday Gold Market Wrap,’ starting with a reflection on Thanksgiving and an unexpected but critical analysis of gold and silver markets. Despite intentions to skip the wrap, the dramatic movements in gold and silver prices warranted attention. Schiff highlights record highs in silver, mentioning silver’s substantial year-to-date increase of 95% and […]

Peter Schiff: Fed Cuts Signal a Weak Economy

On Tuesday’s episode of the Peter Schiff Show, Peter contends that the recent market bounce is being driven less by real economic strength and more by Fed signaling that rate cuts are coming. He walks through how central bank rhetoric, rising yields abroad, and domestic affordability pressures paint a picture of an economy strained by […]

Schiff on Market Overtime: Bitcoin Looks Vulnerable

In his latest appearance on Market Overtime, Peter lays out a clear wager: central banks are quietly rebuilding their gold reserves while Bitcoin faces structural risks that could trigger a rapid collapse. He connects the dots between central-bank buying, corporate Bitcoin plays like MicroStrategy, and the larger speculative mania around crypto and A.I., arguing that […]

Schiff on Reinvent Money: Bitcoin Crash May Hurt Trump

Peter recently joined the Reinvent Money Youtube channel to lay out a clear contrast: real assets backed by history versus speculative claims backed mainly by collective faith. He walks through his outlook for gold and the miners, explains why he challenged MicroStrategy’s CEO to a debate, and pushes back on crypto maximalism with tokenized gold. […]

13 Week Money Supply Growth Stabilizes at 5%

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. One key metric shown below is the “Wenzel” 13-week annualized money […]

The Battle Over Gold: Central Bankers Split on What It Means

Gold has had a record-breaking year, and its surging price is an indictment of the current monetary landscape in America. The public is waking up to this fact, and it continues to reveal disagreements in how central bankers think about gold. The following article was originally published by the Mises Institute. The opinions expressed do […]