Peter's Blog

Peter Schiff: When the Sucker’s Rally Ends, the Dollar Will Crash

The world loves dollars. Whenever there is a problem, people flock to the dollar as a safe haven. But the US has problems of its own. In a podcast, Peter Schiff said America’s problems will eventually catch up to the dollar and at that point, the greenback will crash.

Ron Paul: Wreck the Economy Win a Nobel Prize

Ben Bernanke was one of the architects of the inflation you’re suffering from today. He won a Nobel Prize for his efforts. Bernanke rolled out quantitative easing to rescue the economy in the wake of the 2008 financial crisis. At the time, he swore it was a temporary emergency measure and that the Fed would […]

Our Money Is Broken: SchiffGold Friday Gold Wrap Oct. 21, 2022

Inflation is raging. The economy is teetering on the brink. Government spending is out of control. All of this has a root cause. Our money is broken. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about what broke our money and the only way to fix it. He also reveals […]

Inflation Is Eating Up Your Wage Increases and Then Some

You’re making more money. But you can’t buy as much stuff. Why? Because inflation continues to eat away at your wages.

Peter Schiff: The Fed Is Going to Have to Choose

The Federal Reserve is between a rock and a hard place, and it’s going to have to make a hard choice – inflation or economic implosion. Peter Schiff talked about it on his podcast.

Social Security Increase for Inflation Could Lead to More Inflation

Social Security recipients will be getting a big raise in 2023. That’s good news if you’re receiving benefits from the program, but not so great if you’re hoping inflation will abate any time soon. The Social Security Administration recently announced an 8.7% cost of living adjustment (COLA) for next year. That goes on top of […]

Peter Schiff: Inflation Insanity Continues

As Peter Schiff put it in a recent podcast, the inflation insanity continues. We got the September Consumer Price Index (CPI) data and it once again came in hotter than expected. Month-on-month, CPI was up 0.4%. That was double the 0.2% expectation. On an annual basis, the CPI was 8.2%.

This Is What Losing Looks Like: SchiffGold Friday Gold Wrap Oct. 14, 2022

The September Consumer Price Index (CPI) data came out on Thursday. Once again, it was “hotter than expected,” despite the Federal Reserve hiking rates by over 3% since March. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data in the context of the Fed’s inflation fight and […]

CPI: This Game of Chicken is Almost Over

The latest seasonally adjusted inflation rate for September came in at 0.38%, dropping to 8.25% YoY. Median expectations had been for 0.3% MoM and 8.1% YoY so the hot number hammered markets on the open, especially precious metals. The markets climbed their way back as of publishing, indicating the investors may be starting to understand the Fed’s […]

Thanks to the Fed You’re Working Harder Just Trying to Keep Your Head Above Water

On the surface, the September job numbers looked pretty good. The economy continues to add jobs and the unemployment rate fell. But these headline numbers paper over underlying problems in the economy. While President Biden brags about job growth, the average American is working more just to maintain last year’s standard of living.