Peter's Blog

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.”

Banks Borrowed Another $2.2 Billion from Bank Bailout Program in August

The Federal Reserve continues to bail out US banks as the financial crisis that kicked off last March continues to smolder behind the walls. Banks borrowed an additional $2.2 billion from the Federal Reserve’s bank bailout program in August. This was on top of the $3.7 billion they borrowed in July.

The Ticking Time Bomb Gets Closer to Zero as the National Debt Quietly Blows Past $33 Trillion

Do you hear that? It’s a ticking time bomb. Last Friday, the national debt quietly blew above $33 trillion. As of September 15, the outstanding federal debt stood at a cool $33,044,858,730,468.04.

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 […]

US Government Runs Budget Surplus in August But It’s Not Really Good News

The federal government charted a surprising budget surplus in August. But don’t be fooled. The feds didn’t miraculously fix their deficit problem. The Biden administration continued to spend money at an unsustainable pace last month. The surplus was merely a function of the reversal of student loan forgiveness.

Peter Schiff: Fed Money Magicians Running Out of Rabbits

Most people think everything is fine. The Fed is getting inflation under control and soon they’ll be able to cut interest rates, keeping the economy from falling into a deep recession. In his podcast, Peter Schiff poured cold water on this narrative. He explains why the Fed won’t be able to repeat the magic it […]

Peter Schiff: Fed Isn’t Making Any Progress Against Inflation

Peter Schiff recently appeared on Fox Digital and poured a bucket of cold water on those who believe the Federal Reserve is winning the inflation fight. In fact, the Fed isn’t making any progress at all.