Peter's Blog

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.

Peter Schiff: Investor Optimism Is at Odds With Reality

Optimism is driving the markets. Most investors seem to believe the economy is strong. The consumer is resilient. Price inflation is easing. And most people think the Federal Reserve is finished hiking rates. In his podcast, Peter Schiff explained why this investor optimism is at odds with reality.

Moody’s Lowers US Credit Outlook to “Negative”

Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice. On Friday, Moody’s Investor Service lowered its outlook on US government credit from “stable” to “negative.” This could be a prelude to a downgrade in the country’s AAA credit rating. The agency typically […]

The Road to Prosperity Is Paved With Credit Cards? SchiffGold Friday Gold Wrap Nov. 10, 2023

Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what’s driving them – borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap host Mike Maharrey breaks down the recent household debt data […]

America’s Growing Economy — Brought to You By Visa and Mastercard

Mainstream financial network pundits and government officials keep telling us that the economy is chugging along because Americans continue to spend money. But it’s clear that borrowing is the only thing sustaining this spending spree. Meanwhile, the “resilient” American consumer is drowning under a surging tidal wave of debt.

Confidence Level Is Low! SchiffGold Friday Gold Wrap Nov. 3, 2023

Federal Reserve Chairman Jerome Powell said he’s not confident interest rates are high enough to slay price inflation. He also said he’s not confident they aren’t. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey wonders out loud why we should have any confidence if Powell doesn’t. Along the way, he breaks […]

The Future for Fiat

The day of reckoning for unproductive credit is in sight. With G7 national finances spiraling out of control, debt traps are being sprung on all of them, with the sole exception of Germany.

Fed Keeps Its Finger on the Pause Button

Chalk one up for the status quo. As expected, the Federal Reserve held interest rates steady in a range between 5.25 and 5.5% for the second straight FOMV meeting, and chairman Jerome Powell was intentionally noncommital about future Fed moves.

Japan’s Slow-Motion Train Wreck

Japan is in the midst of a slow-motion train wreck. The country has a massive national debt and it is starting to feel the pressure of rising interest rates. In his podcast, Peter Schiff talked about the situation in Japan and pointed out some disturbing parallels to what’s happening in the US.

Navigating By Stars on a Cloudy Night: SchiffGold Friday Gold Wrap Oct. 27, 2023

When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the […]