Peter's Blog

The Inflation Picture Is Even Worse Than Government Numbers Suggest

On an annual basis, the Consumer Price Index (CPI) increased by 4.9% in April. While that’s an improvement over last year, it’s still not good. It’s more than twice the Federal Reserve inflation target. And as Peter Schiff pointed out during a recent interview with Jesse Kelly, the reality is even worse than the numbers […]

Media Bias Fails Investors and the Public

Was the producer price data that came out late last week really more good news on the inflation front? That’s certainly how the mainstream media spun it. But as was the case with the April CPI data, the mainstream spin didn’t necessarily reflect reality. In fact, there is a pro-government, pro-official narrative bias that pervades […]

Peter Schiff: Great Depression 2.0 Is Incoming

Peter Schiff appeared on First TV’s I’m Right with Jesse Kelly to talk about the state of the economy, inflation, and the unfolding financial crisis. Peter warned that we’re heading straight toward Great Depression 2.0.

A Big Disconnect: SchiffGold Friday Gold Wrap Podcast May 12, 2023

The CPI data for April came out this week. The mainstream spin was that it was more good news for the Fed’s inflation fight. But the actual data tells a different story. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the CPI report and the disconnect between the mainstream narrative […]

The CPI Is Two Months Away From Bottoming Before the Next Leg Up

The CPI rose in March by 0.37%, which was much larger than last month’s 0.06%. As shown below, this was driven by the energy component flipping from negative to positive. And there’s even worse news. The math is about to turn on the CPI calculation.

April CPI: Price Inflation Looks Pretty Sticky

Great news on the inflation front! At least if you believe the headlines. For example, “Consumer Prices in April Rise at the Slowest Annual Rate in Two Years.” But if you read about one inch below the headline, you’ll discover things aren’t so great. In fact, the actual data reveals price inflation is looking pretty […]

Peter Schiff: The US Is in a Financial Crisis Worse than ’08

During his post-FOMC meeting press conference, Federal Reserve Chairman Jerome Powell insisted that the US banking system is resilient and sound. He said this despite the failure of First Republic Bank just days before the Fed meeting. Peter Schiff appeared on the Claman Countdown on Fox News and argued that Powell and others are wrong. […]

Reality Over Rhetoric: SchiffGold Friday Gold Wrap May 5, 2023

The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what’s next. But what if the words Powell and Company are saying don’t really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey […]

What the Fed Says Today Really Isn’t Relevant Tomorrow

Is the rate hike pause in play? That question remains up for debate after the May Federal Reserve Open Market Committee meeting. But when you break it all down, the underlying economic reality is far more important than the messaging coming from Powell and Company. And the underlying economic reality is that inflation isn’t beat […]

Peter Schiff: The Fed Has Screwed Up Everything That Is a Function of Interest Rates

The failure of First Republic Bank reveals that the banking system isn’t nearly as sound as Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell would have us believe. But as Peter explained in a recent podcast, it’s not just the banking system that’s messed up. The Fed has screwed up everything that is […]