Peter's Blog

Peter Schiff: It’s the Beginning of the End of This Whole Phony Economy

Interest rates continue to push relentlessly higher. As Peter Schiff explained in his podcast, that’s a big problem when the entire economy is built on a foundation of cheap money. But most people in the mainstream don’t seem to grasp the gravity of the situation. They don’t realize that we are at the beginning of […]

Peter Schiff: Jerome Powell Is Just Guessing

Everybody knew that the Federal Reserve wasn’t going to hike rates at the September FOMC meeting. And yet everybody waited with bated breath to hear what Jerome Powell would say. In his podcast, Peter Schiff explained why people hang on Powell’s every word. It’s not because they think he knows what inflation or interest rates […]

Saying One Thing; Doing Whatever: SchiffGold Friday Gold Wrap Sept. 22, 2023

The Federal Reserve wrapped up its September meeting on Wednesday and left interest rates unchanged. But Powell and Company had plenty to say. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the rhetoric and argues that what the Fed says and what it will do are two different things.

There’s a Herd of Elephants in the Room

Among the many problems currencies the markets face, there is one that is undocumented: the eurodollar market. This is yet another very large elephant in the room. This article quantifies eurodollars and eurodollar bonds, which are additional to US money supply and credit.

Fed Talk and Dot Plots: There’s a Big Difference Between Saying and Doing

The Federal Reserve held interest rates steady at the September FOMC meeting, but the committee indicated that it plans to hold rates higher for longer than originally projected. As you digest the Fed meeting, it’s important to remember that there is a big difference between “saying” and “doing.”

Japanese Go on Gold-Buying Spree as Price Inflation Runs Rampant

With price inflation running rampant in Japan, Japanese households are rushing to buy gold. The sudden surge in demand, along with the devaluation of the yen, has driven the price of gold to record highs in yen terms.

Peter Schiff: The Inflation War Is Over; Inflation Won!

After the August CPI data came out, Paul Krugman declared that the inflation war was over. The Biden administration and the Fed won the fight. In his podcast, Peter Schiff said he actually agrees with Krugman, at least in part. The inflation war is over. But who really won?

Peter Schiff Puts the UAW Strike in Its Economic Context

The United Auto Workers went on strike against the Big Three US automakers in Detroit last week. Peter Schiff went on Real America with Dan Ball to talk about the strike and how it might impact the US economy. Peter put the strike in the context of the current inflationary and high interest rate environment, […]

Peter Schiff: This Story Will Have a Tragic Ending

After the August CPI report showed price inflation heating up again thanks to rising gasoline prices, Peter Schiff appeared with Jesse Kelly on First TV to answer the question: where are we heading? Peter said this story is going to have a tragic ending.

Slow Burn: SchiffGold Friday Gold Wrap Podcast Sept. 15, 2023

The economy is in a slow burn. You can’t even see the flames. But you can smell whiffs of smoke every now and then if you’re paying attention. In this episode of the Friday Gold Wrap, host Mike Maharrey calls attention to that smoke with a breakdown of August’s CPI  and some other data that […]