Peter's Blog

What Will Black Friday 2025 Tell Us About American Consumers?

Black Friday, the ultimate consumer holiday, has lost some of its luster in recent years as Americans become increasingly indebted, cash-strapped, and hamstrung by high inflation. Known as an all-out buying bonanza where shoppers flood retailers for deals on everything from TVs and toys to kitchen utensils, this year all signs point to a muted […]

Fed Ends QT with a Balance Sheet 75% Higher than Pre-Covid

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 The Fed has decided to end Quantitative Tightening (QT) on December 1st. In late 2019, the Fed balance […]

Peter Schiff: Fed Cuts Signal a Weak Economy

On Tuesday’s episode of the Peter Schiff Show, Peter contends that the recent market bounce is being driven less by real economic strength and more by Fed signaling that rate cuts are coming. He walks through how central bank rhetoric, rising yields abroad, and domestic affordability pressures paint a picture of an economy strained by […]

Schiff on Market Overtime: Bitcoin Looks Vulnerable

In his latest appearance on Market Overtime, Peter lays out a clear wager: central banks are quietly rebuilding their gold reserves while Bitcoin faces structural risks that could trigger a rapid collapse. He connects the dots between central-bank buying, corporate Bitcoin plays like MicroStrategy, and the larger speculative mania around crypto and A.I., arguing that […]

The Battle Over Gold: Central Bankers Split on What It Means

Gold has had a record-breaking year, and its surging price is an indictment of the current monetary landscape in America. The public is waking up to this fact, and it continues to reveal disagreements in how central bankers think about gold. The following article was originally published by the Mises Institute. The opinions expressed do […]

Fed Governor Williams: “We’ll Have Inflation Under Control in 2027”

Federal Reserve Bank of New York President John Williams flew to Santiago this week to deliver a talk—fittingly titled “Navigating Unpredictable Terrain”—at the Central Bank of Chile’s centennial bash. While gold bulls were busy bidding the metal to a fresh high of $4,098 per ounce on Friday, Williams told the audience he still sees U.S. […]

Schiff on VRIC Media: Expect QE, Higher Long-Term Rates

Peter recently joined Darrell from VRIC Media to discuss a brewing contradiction in monetary policy, the political risks to Fed independence, the nonsense of tariff “dividends,” and why gold remains the only reliable monetary asset. He warns that even if the Federal Reserve cuts short-term rates, a return to quantitative easing and rising long-term rates […]

Comex Deliveries: November Shatters Records, December Looks Strong

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.). The data below looks at […]

Peter Schiff: Bubbles Pop Everywhere 

On Wednesday’s episode of the Peter Schiff Show, Peter returns to his show to walk listeners through what he sees as multiple asset bubbles and why those bubbles matter beyond headline market moves. He calls out the AI stock mania, a fragile housing market propped up by policy, and the crypto circus — all potential […]

50-Year Mortgages Are A Trap

With the Trump administration increasingly desperate to create any illusion of prosperity, a new proposal was introduced to create federally-backed 50-year mortgages to make housing “more affordable.” The plan promises lower monthly payments that Trump says would open the door to millions of would-be buyers priced out of the current market.  But as ultra-long term […]