Peter's Blog

The Fed Is Losing Billions and It Could Take Four Years to Make It Up

The Federal Reserve has lost well over $100 billion dollars, and even when it returns to “profitability,” it will likely take over four years before the central bank is completely in the black. And you’re going to foot the bill.

Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024

Deutsche Bank economists say the Federal Reserve will create more inflation in 2024. OK, that’s not exactly what they said. But that is the implication of their latest forecast.

Dollar’s TWI and Bond Yields Decline

Ahead of a possible challenge on the $2,000 level, gold consolidated recent rises this week, and silver held up well. This morning in European trade, gold was $1995, up $15 from last Friday’s close, and silver was $23.70, unchanged on the week. Comex volumes were healthy, despite the Thanksgiving holiday in the US.

An Economics Lesson from the Pilgrims: SchiffGold Friday Gold Wrap Nov. 24, 2023

Did you know Thanksgiving almost didn’t happen thanks to the Pilgrims’ experiment with socialism? It didn’t work. Fortunately, they figured out some economic truths and the rest is history. In this episode of the Friday Gold Wrap, host Mike Maharrey tells the Thanksgiving story you almost certainly didn’t hear in school. He also explains why […]

Americans Increasingly Tapping Into Their Retirement Accounts to Make Ends Meet

“Resilient” American consumers are digging into their retirement funds to pay their bills. Mainstream financial pundits, politicians, and Fed officials keep telling us the economy is strong because Americans keep spending money. They just assume this is a sign of economic strength without ever asking exactly how they’re paying for all of this “robust” spending.

Shrinkflation: Robbing Us Quietly in Back Alleys

Inflation robs you of purchasing power by driving up the price of everything you buy. You see the impacts of inflation every time you go to the store. But sometimes inflation hits you in a more subtle way that’s difficult to see – through “shrinkflation.” I experienced shrinkflation first-hand last weekend.

The CPI Scam — Health Insurance Version

The Consumer Price Index (CPI) drives markets and motivates policy, but it is nothing but speculation, estimation and wild guesses. A recent “tweak” to the health insurance CPI reveals the formula is basically a scam.

Peter Schiff: A Soft Landing Is Impossible

The latest buzzword in the mainstream financial media is “soft landing.” Everybody seems convinced the Fed has beaten inflation, and that it has completely avoided pushing the economy into a recession. According to the mainstream narrative, we may see a bit of an economic slowdown in the months ahead, but a recession is pretty much […]

The Fat Lady Hasn’t Sung a Note: SchiffGold Friday Gold Wrap November 17, 2023

Everybody seems convinced that the Federal Reserve has won the inflation fight, there will be no more interest rate hikes, and rate cuts are right around the corner. But as Friday Gold Wrap host Mike Maharrey reminds us, it’s not over until the fat lady sings. And she hasn’t sung a note. In this episode, […]

Peter Schiff: The Death of Inflation Is Greatly Exaggerated

The October CPI came in lower than expected, sparking a rally in stocks, bonds, and gold. Cooling prices reinforced the belief that the Federal Reserve won the inflation fight and the rate hiking cycle is over. In his podcast, Peter Schiff explained why the demise of inflation is greatly exaggerated.