Peter's Blog

Peter Schiff: Jerome Powell Doesn’t Believe in Basic Economics

Last month, Federal Reserve Chairman Jerome Powell testified before Congress. In his answer to one question, it sure did sound like he doesn’t believe in the basic economic principle of supply and demand. Peter Schiff talks about it in this clip from one of his podcasts.

Does Anybody Really Believe the Fed? SchiffGold Friday Gold Wrap March 19, 2021

The Federal Reserve held its March FOMC meeting this week. There were no changes in monetary policy, but there was plenty of talk. The question is does anybody really believe what the Fed is saying? SchiffGold Friday Gold Wrap podcast says the mainstream doesn’t seem to believe the Fed. And he doesn’t either. But for […]

The Fed’s Game of Chicken

The Federal Reserve wrapped up its March FOMC meeting yesterday. As expected, there were no policy changes. Interest rates remain at zero. Quantitative easing carries on as it has been. Peter talked about the Fed meeting and Fed Chair Jerome Powell’s messaging in his podcast. He said the Fed is playing a game of chicken […]

Peter Schiff: We’re Adrift in a Sea of Inflation

We’ve gotten quite a bit of economic data this week. Federal Reserve Chairman Jerome Powell insists inflation is anchored at 2%. But his assurances notwithstanding, a lot of the data signals inflation. In his podcast, Peter went over some of the numbers and concluded that inflation isn’t anchored at all. It’s anchors aweigh. We are […]

Peter Schiff: This Is the Worst We’ve Ever Done on Trade

What is the ballooning trade deficit telling us about the US economy? Peter Schiff recently appeared on NTD News to talk about it. He said the US has never been worse on trade and it is a sign that we don’t have a recovering economy. In fact, we have a phony economy in danger of […]

Peter Schiff: The Fed Will Wave the White Flag at Inflation

Peter Schiff recently appeared on RT Boom Bust to talk about inflation, the Fed and gold. He said a lot of people still think the Fed will soon tighten monetary policy to deal with rising inflation pressure. But they’re wrong. Ultimately, the Fed is going to surrender to inflation without a fight. When the markets […]

Stimulus, Inflation and More Inflation: SchiffGold Friday Gold Wrap Podcast March 12, 2021

Do you feel stimulated? Congress got the deal done on a $1.9 trillion stimulus package this week. But the markets continue to behave as if there is no inflation threat with all this borrowing, spending and money printing. On this week’s Friday Gold Wrap, host Mike Maharrey breaks down the stimulus bill. He tells you […]

Peter Schiff: The Fed Between a Rock and a Hard Place

The markets seem to think the Fed is going to fight inflation. They believe that the central bank will pivot to tighter monetary policy sooner than expected as inflation heats up, even though Jerome Powell keeps insisting inflation isn’t really a problem. In a recent podcast, Peter Schiff said that the truth is the Fed […]

At Least Somebody Gets It! SchiffGold Friday Gold Wrap Podcast March 5, 2021

Gold faced more selling pressure this week as the mainstream continues to labor under the misguided notion that the Federal Reserve is going to tighten monetary policy sooner than expected to deal with inflation. Friday Gold Wrap podcast host Mike Maharrey has been arguing the Fed is not going to tighten; it’s going to ramp […]

Peter Schiff: Reserve Bank of Australia Does the Fed’s Dirty Work

On Monday, the Reserve Bank of Australia announced plans to dramatically increase its quantitative easing program. Was this an Aussie canary in the coal mine foreshadowing what’s coming down the pike from the Federal Reserve? Peter Schiff talked about the RBA’s move in his podcast. He said, for now, the Australian central bank is doing […]