Peter's Blog

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 […]

Rate Cut Crisis Barely Dodged With New Jobs Numbers

Just a few days ago, it seemed that the US was on the verge of a recession. While the long-term trajectory is still one that is far too tenuous to rely on, the recent jobs report seems to suggest that the US is not headed for immediate recession. Although the status of the US in […]

The Cost of Living: Fueled by Excess Credit, Not Scarcity

With Washington decrying the so-called “Affordability Crisis,” it’s worth remembering that rhetoric around affordability– or, in Spain’s case, housing– isn’t benevolent or even neutral. In both countries, the problem isn’t lack of credit, corporate greed, or giant corporations buying homes. It’s the continual debasement of money and relentless intervention in housing markets. The following article […]

Schiff w/ Livera: Debt is the Bubble, Bitcoin Isn’t the Answer

At the end of January, in addition to his highly anticipated debate at the Plan B Bitcoin Forum in El Salvador, Peter also took part in an interview with debate moderator Stephan Livera on his podcast. In their conversation, Peter lays out a broad critique of where he thinks American policy and markets are headed: […]

US Government Adds $481B in Debt in 3 months

Current Trends The government hit the debt ceiling back in January which blocked any net new debt from being created from January to June. Once the debt ceiling was lifted, the government wasted no time in catching up for all the months where borrowing was frozen. Over the last 7 months, the government borrowed an […]

Schiff w/ Diesen: Gold Is Headed Much Higher  

On his latest appearance with Glenn Diesen, Peter lays out a sober case for why investors should consider gold as a primary hedge against a coming dollar and sovereign debt crisis. He walks through what he sees as the consequences of prolonged credit expansion, a bloated housing market, misdirected trade and military policies, and the […]

Schiff on The Competent Investor: Even Greenspan Agrees with Me

Earlier this week, Peter appeared on The Competent Investor podcast with host Tom Bodrovics. They focus on last week’s metal sell-off, and Peter explains why investors still misunderstand precious metals and the miners that produce them. Throughout, he argues that sound money remains the sane hedge in a world of inflationary policy and fragile crypto […]

The Gold Dip: Macro vs Shorts and Retail

The bull market in gold is being driven by many forces, and it isn’t just speculative fervor that caused the latest drop. Macro factors like monetary expansion, interest rates that are still far too low, broad global uncertainty, and de-dollarization are going to push gold higher. In the meantime, corrections will occur, but this isn’t […]

Schiff vs. Ammous: Tokenized Gold Trumps Bitcoin

Peter recently debated longtime Bitcoin proponent Saifedean Ammous to turn the usual Bitcoin-vs.-gold argument on its head. Rather than rehashing the old debate, he focuses on tokenized gold—specifically Tether Gold— and explains why a claim on real metal is a far better monetary proposition than a claim on nothing. He argues tokenized gold brings convenience […]

Schiff w/ Sanchez: Blockchain is a Digital Ponzi Scheme

Earlier this week, Peter appeared on the Sanchez Effect for an interview with Rick Sanchez. Together they sift through the international fallout from America’s fiscal and monetary choices and explains why other countries are actively trying to reduce their exposure to the dollar. Peter connects that trend to production, trade balances, the enormous off-balance-sheet liabilities […]