Peter's Blog

Market Mania! SchiffGold Friday Gold Wrap Nov. 27, 2020

The Dow Jones cracked 30,000 this week and stocks continue to surge generally upward as investors are embracing risk-on sentiment based on high hopes a vaccine may put an end to the coronavirus pandemic. But there’s more to it than that. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a […]

Peter Schiff: The Fed’s COVID Cure Is Making the Economy Sick

A lot of people are turning more bullish on the economy with the possibility of an effective COVID-19 vaccine. But in his podcast, Peter Schiff argued that coronavirus isn’t the problem.  COVID-19 isn’t making the economy sick. All of the Federal Reserve stimulus and money printing is making the economy ill. And coronavirus vaccine isn’t […]

Money Is Not Wealth

When governments started locking down the economy in response to coronavirus, the Federal Reserve sprung into action. First, it slashed interest rates to zero. Then it quickly launched what we’ve dubbed QE infinity. In effect, that meant printing trillions of dollars out of thin air and pumping them into the economy. Meanwhile, the US government […]

How the Fed Feeds the Boom-Bust Cycle

The central bankers at the Federal Reserve can be pretty clueless. A report issued by the Fed a few weeks ago serves as a prime example.

Stealing Our Savings: SchiffGold Friday Gold Wrap Nov. 20, 2020

The stock market continues to climb on coronavirus vaccine hopes. But why should it? After all, it didn’t sell off because of the pandemic. It’s at record levels despite COVID-19. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why this really isn’t about a vaccine. He also talks about one […]

Inflation Is Daylight Robbery

As central banks continue to inject trillions of dollars created out of thin air into the financial system, the mainstream generally sits backs and shrugs. But a few lonely voices in the wilderness continue to warn about the potential for price inflation and its nefarious effects on the average person. In a recent podcast, Peter […]

Peter Schiff: We’ve Sold Our Monetary Souls to the Devil

Stocks continue to surge upward thanks to optimism about a coronavirus vaccine. Of course, stocks have been on a bull run ever since their big March drop at the beginning of the pandemic. This led Peter Schiff asks a poignant question during his podcast: if COVID-19 didn’t hurt the stock market, why should a vaccine […]

The Fed Has No Way Out

We have argued that the Federal Reserve has no exit strategy from this extraordinary monetary policy. In fact, it never could extricate itself from the extraordinary monetary policy it launched during the Great Recession. Today, we’re merely witnessing the same policy on hyperdrive. And there is still no way out.

There’s No Immunity from the Fed: SchiffGold Friday Gold Wrap Nov. 13, 2020

Gold and silver sold off big and the Dow surged Monday on the announcement the Pfizer had successful coronavirus vaccine trials. But Friday Gold Wrap host Mike Maharrey says investors should maybe tap the brakes on thinking that a coronavirus vaccine is a cure-all. In this episode, the looks a little deeper at the long-term […]

Meanwhile Back at the Fed: SchiffGold Friday Gold Wrap Nov. 6, 2020

All eyes have been on the presidential election this week. It’s still not clear who will win – although it’s looking more like a Biden victory. Meanwhile, the Federal Reserve held its November meeting this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey offers some analysis of both the election […]