Peter's Blog

Inflation Tax Costing US Households $433 Per Month

Everybody was thrilled to get stimulus checks in the mail during the COVID-19 pandemic. “It’s free money!” many exclaimed. But nothing in life is free. This includes “free” things handed out by the government. So today, you’re paying for those stimmy checks and the government pandemic spending spree.

Therapy Session: SchiffGold Friday Gold Wrap June 3, 2022

Why haven’t gold and silver rallied as one would expect in such a high inflation environment? In this episode of the Friday Gold Wrap, host Mike Maharrey delves into some of the psychology driving the markets and explains why it could be blinding people to just how serious the economic situation has become. He also […]

The Fed Giveth; The Fed Taketh Away: SchiffGold Friday Gold Wrap May 27, 2022

When the Federal Reserve tinkers with interest rates, it creates all kinds of economic distortions. This is very obvious in the housing market. Over the last couple of years, the Fed blew up a giant housing bubble. Now, the central bank has pricked that bubble. In this episode of the Friday Gold Wrap podcast, host […]

Peter Schiff: It’s Not Putin or the Pandemic — It’s the Fed!

There is all kinds of spin out there when it comes to inflation. Peter Schiff recently appeared on News Nation to talk about the economy. He explained that the spin misses the mark. The real source of inflation isn’t the pandemic or Putin. It’s the Federal Reserve.

Inflation Explained on a Napkin

People come up with all kinds of excuses for inflation. First, they told us there was no inflation. Then they insisted that it was transitory. Then they claimed it was caused by greedy corporations. Later they shifted the blame to Putin. But none of this gets to the root cause of inflation – the expansion […]

Fed Balance Sheet Creeping Upward Again

The Federal Reserve has talked a lot about fighting inflation. But what has it actually done? In practice, not a lot. It has nudged interest rates up 75 basis points. And while the Fed has ended the massive quantitative easing program that it ran during the pandemic, it pushed balance sheet reduction back from May […]

You Spin Me Right Round! SchiffGold Friday Gold Wrap May 20, 2022

There is a lot of spin out there when it comes to economic news. You get spin from the corporate media, You get spin from government officials. And you get spin from central bankers. In this episode of the Friday Gold Wrap, host Mike Maharrey spins the spin, breaking down the media take on the […]

Peter Schiff: The Fed Girds for Battle

It’s the Fed’s “hold my beer” moment. After more than a year in which Federal Reserve leadership appeared clueless, pollyannish, and indecisive, the Fed is conducting a full-throated messaging campaign to show that it is as serious as cancer about the inflation surge that is scaring the bejesus out of consumers, investors, and economists.

Fed Chair Powell Perpetuates Keynesian Myths

Federal Reserve Chairman Jerome Powell spoke during the Wall Street Journal’s Future of Everything Festival on Tuesday and continued to talk tough about fighting inflation, all the while spinning Keynesian economic myths. In his podcast, Peter broke down Powell’s comments and talked about what he thinks the central bank will really end up doing.

The Fed Has Destroyed Our Savings

When I was about seven or eight years old, I remember my mom taking me to the bank to open a savings account. She explained that if I put some of my allowance in savings, that money would grow over time. Well, that doesn’t work anymore.