Peter's Blog

Peter Schiff: Jerome Powell Tapers the Taper Talk

Jerome Powell delivered his much-anticipated speech virtually during the Jackson Hole summit on Aug. 27. Peter Schiff talked about the speech during his podcast. Everybody expected a hawkish speech outlining the Fed’s plan to taper quantitative easing. Instead, Powell tapered the taper talk.

Whatever Will He Say? SchiffGold Friday Gold Wrap Aug. 27, 2021

Jerome Powell will speak today at the Jackson Hole economic summit. Everybody is on pins and needles in anticipation of the Fed chairman’s speech. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the Fed’s messaging and then moves past the talk to discuss the “here and now” reality. He also […]

Jerome Powell’s Bad Economics

During a Q&A with students and teachers, Federal Reserve Chairman Jerome Powell praised the bad economics that drove the government response to the coronavirus pandemic. In this clip from his podcast, Peter Schiff breaks down everything Powell got wrong. During the Zoom event, Powell went out of his way to praise Congress for passing the […]

Jim Grant: The Fed Is Playing With Fire

Dallas Federal Reserve President Robert Kaplan has been one of the more hawkish Fed members. On Aug 11, he said the Fed should announce a quantitative easing taper in September and begin slowing asset purchases in October. But two weeks later, Kaplan backed off that assertion, saying that with the surge of COVID-19, he was […]

Peter Schiff: You Can Print Money But You Can’t Print Stuff

As prices continue to spiral upward and the Federal Reserve maintains its inflationary monetary policy, a lot of people in the mainstream keep talking about inflation as a good thing. Peter Schiff said it seems like they’re trying to soften us up and make us willing to accept higher inflation. But as he explains in […]

While They Talk About a Taper the Fed Pushes Balance Sheet to Another New Record

While there is a lot of talk about the Federal Reserve tapering its asset purchases, no such tapering is actually happening. In the week ending Aug. 18, the Fed pushed its balance sheet to yet another record with the addition of another $85.4 billion in Treasuries and mortgage-backed securities. The balance sheet now stands at […]

Peter Schiff: Less Loose Fed Monetary Policy Isn’t Tight Fed Monetary Policy

There’s been a lot of talk about the Federal Reserve tapering its asset purchases. Peter Schiff talked about it during his podcast, saying even if the Fed does get around to tapering, that doesn’t equate to a legitimately tight monetary policy. Furthermore, any tapering today sows the seeds for its own destruction.

50 Years of Monopoly Money: Friday Gold Wrap Podcast Aug. 20, 2021

This week marked the 50th anniversary of President Richard Nixon slamming shut the “gold window” and cutting the last tether between the dollar and gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains exactly what Nixon did and the impact of 50 years of monopoly money. He also covers some […]

The Fed Stabilizes the Economy?

According to the Federal Reserve, it exists to “stabilize” the economy. Does it though? Despite inflation coming in hotter than expected month after month this year, Federal Reserve Chairman Jerome Powell assures us we need not worry. This surge of inflation is “transitory.” But even if it isn’t we still don’t need to worry. He […]

Fed Monetary Policy Hides Risk

The Federal Reserve has pumped trillions of dollars into the economy through its quantitative easing programs. This has generated a surge of inflation. But there are other less obvious impacts from the Fed’s extraordinary monetary policy. It conceals risk. Everybody sees a “booming” economy and assumes everything is fine. But underneath, the entire thing is […]