Peter's Blog

Something Is Out of Kilter: Friday Gold Wrap Podcast Feb. 14, 2020

Jerome Powell went to Capitol Hill this week. During his testimony before a congressional committee, the Fed chair insisted, “There is nothing about this economy that is out of kilter or imbalanced.” In this episode of the Friday Gold Wrap Podcast, host Mike Maharrey takes issue with Powell’s assessment and points out some things that […]

Peter Schiff: Nobody Should Be Taking Credit for the US Economy

Last week, Peter Schiff gave a speech at the Orlando Money Show and made the case that all the hype about the greatest economy in history is just that – hype. Nobody should be taking credit for the economy. We should be asking who is to blame.

Whether You Call It QE or Not the Fed Is Monetizing the US Debt

Last October, the Federal Reserve relaunched quantitative easing. Of course, Fed Chairman Jerome Powell insists it’s not quantitative easing. But as Peter Schiff pointed out in a recent tweet, that debate is really just semantics. The argument over whether the current Fed balance sheet expansion constitutes QE is pointless. QE was always just a euphemism […]

Central Banks Are Pumping Up Stocks; How Long Can It Last?

Those peddling the narrative that the US economy is great keep pointing to the stock market. Indeed, stocks have continued to push higher, setting records along the way. But Peter Schiff has been saying that stocks aren’t being driven higher by a great economy. In a recent interview on RT Boom Bust, Peter said that […]

Fed Holds Interest Rates Steady; QE Marches On

The Federal Reserve held its first Federal Open Market Committee meeting this week. As expected, the central bank held interest rates steady but the overall posture of the Fed came off as rather dovish. Quantitative easing will continue into the near future and Fed Chairman Jerome Powell left the door open for future rate cuts. […]

The Dawn of the Dead on Wall Street

It’s like Dawn of the Dead on Wall Street. Zombies are everywhere. Even as stocks continue to push to new highs, the number of money-losing companies listed on US stock markets has ballooned to levels not seen since the dot-com bubble of the late 1990s. According to a recent Wall Street Journal article, nearly 40% […]

Color Me Skeptical: SchiffGold Friday Gold Wrap Dec. 13, 2019

We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week’s news played tug-o-war with gold. In this episode of the Friday Gold Wrap, host […]

The Fed “Out-Doves” Expectations While Doing Nothing

The Federal Reserve wrapped up its final Federal Open Market Committee meeting of 2019 on Wednesday doing pretty much what was expected — nothing. But in the processing of doing nothing, the central bank said a lot and managed to out-dove expectations. After cutting interest rates three times in 2019, the FOMC stood pat during […]

Quantitative Easing By Any Other Name…

Stocks have pushed to record highs in recent weeks. If you read the headlines, you’d think it was all about optimism for a trade deal. Or maybe just some general bullishness on the US economy. But Peter Schiff has said that’s not the real reason stocks have continued to climb. In fact, there are a  lot […]

Inflation? What Inflation? Friday Gold Wrap Dec. 6, 2019

We’ve seen new records in the stock market in recent weeks. The headlines tell us it’s all because of a potential trade deal, but Friday Gold Wrap host Mike Maharrey doesn’t buy it. He says it’s really all about Fed money printing. That may juice the stock market, but there’s a downside – inflation. In […]