Peter's Blog

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.

Peter Schiff: Don’t Listen to What the Fed Says; Look at What the Fed Is Doing

The Fed continues to talk tough about fighting inflation.  And the markets seem to be listening. But in his podcast, Peter Schiff said you need to look at what the Fed is actually doing. And it’s not doing much.

Wishful Thinking: SchiffGold Friday Gold Wrap Podcast May 13, 2022

When we got the March CPI data last month, the mainstream crooned that it looked like we were at peak inflation. This was wishful thinking. The April CPI data that came out this week, along with the producer price numbers, indicate that we’re still climbing that inflation mountain. In this episode of the Friday Gold […]

Peak Inflation? Not So Fast!

The March Consumer Price Index (CPI) was 8.5% annually, the highest since December 1981. But the mainstream narrative was that inflation had probably peaked because core inflation, stripping out more volatile food and energy, “only” rose by 0.3%.  Mainstream pundits reasoned that the oil shock in the wake of Russia’s invasion of Ukraine primarily drove […]

A Deeply Flawed Monetary Policy Is the Root of This Inflation

We’ve been told inflation is caused by greedy corporations. We’ve been told that inflation is Putin’s fault. Other people just want to blame COVID-19. But are any of these really the root cause of inflation? Economist Dr. Antony P. Mueller says none of these excuses really account for the rash of rising prices we’ve seen […]

Peter Schiff: The Fed Has Already Lost the Inflation Fight

Last week, the Fed raised interest rates by 0.5%. It was the biggest rate increase since the year 2000. But it was hardly aggressive in light of the current bout of inflation. Not only that, Jerome Powell took a future 75 basis point hike off the table. In his podcast, Peter Schiff argued that no […]

The Crossroads Is Looming! SchiffGold Friday Gold Wrap May 6, 2022

The Fed hiked rates 0.5% this week in an effort to stem the inflation tide. But the economy already looks shaky and the central bank has barely started this inflation fight. Friday Gold Wrap host Mike Maharrey breaks down the messaging that came out of the Fed meeting and concludes the central bank is getting […]

Buckle Up for a Crashing Economy and More Inflation

Jerome Powell began hinting that inflation might be a problem last August. In November, Powell retired the word “transitory.” But here we are in May and the Federal Reserve still hasn’t done anything substantive to address the inflation problem. And now it may be too late. It’s probably time to buckle up for more inflation […]