Peter's Blog

Money Supply Surges to Multi-Year High as Fed Restarts QE

The latest CPI figures are not pretty, and consumers are feeling it. Despite what politicians and Fed governors say, US monetary policy is nowhere near “restrictive,” and we’re paying the price for it. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or […]

Warsh Vows a Leaner, “Strictly Independent” Fed as Gold Brushes $4,800

In his Senate confirmation hearing on April 21st, Federal Reserve Chairman–designate Kevin Warsh pledged nothing short of a philosophical reset at the world’s most influential central bank. Backed by President Trump and politely flanked by Senator Elizabeth Warren, Warsh told lawmakers that full employment and stable prices remain “mission-critical,” yet achievable only if the Fed […]

Fed Gov Waller Sees “Transitory” Landmines Everywhere 

Federal Reserve Governor Christopher Waller traveled to Auburn University on April 17th bearing a familiar message: inflation may look tame if you squint, but another surprise could be lurking around the corner. While he highlighted “underlying inflation…running close to 2 percent,” recent data—from Brent crude’s surge to gasoline topping $4.10 a gallon—tells a less tranquil […]

Money Supply Grows at Fastest Pace since 2021

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money […]

Schiff w/ La Roche: The Fed Should’ve Hiked

Last week, Peter joined Julia La Roche to discuss the Fed’s latest antics after Jerome Powell announced that rates will be held steady for at least another FOMC meeting cycle. Peter responds, warns that the consequences of the Fed’s inaction will be higher inflation, a weaker dollar, and a reassessment of what people consider real […]

Peter Schiff: The Fed Let Inflation Live

On Wednesday’s episode of the Peter Schiff Show, Peter responds to the Federal Reserve holding–rather than hiking– rates yet again. He walks through recent producer prices, GDP, and mortgage activity data to show why these signals mean real rates are likely to turn negative again, a dynamic that favors gold and punishes the dollar. The […]

Schiff on Triangle Investor: The Dollar is on the Decline

Last week Peter appeared on Triangle Investor to discuss the latest economic news, including last week’s 2.4% CPI figure. Over the course of the interview he connects rising precious metal demand to central bank behavior, warns that runaway interest costs are about to reshape federal finances, critiques crypto’s fragile dynamics, and explains how artificially low […]

Fed is Adding $20B a Month to the Balance Sheet

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends. Breaking Down the Balance Sheet As soon as the Fed ended Quantitative Tightening, they launched a new round of Quantitative Easing. As shown […]

Why Boom-Bust Cycles Validate Austrian Theory

One criticism of the Austrian School’s theory of recessions is that it doesn’t account for the expectations of entrepreneurs, who can anticipate central bank actions which precipitate economic busts. But, as Austrian economist Joe Salerno argues, this criticism betrays a fundamental misunderstanding of how recessions occur. The following article was originally published by the Mises […]

Schiff on Wealth Building Blueprint: Higher Rates are the Cure

In a recent appearance on the Wealth Building Blueprint, Peter goes wide on the gold and silver setup and the macro limits of policy in this episode, arguing that everything from central banks to retail investors will be forced to take notice of the metals’ recent price action. He traces the last cycle, explains why […]