Peter's Blog

Peter Schiff: Negative Interest Rates Are Boneheaded

Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. Yesterday, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory. In his podcast, Peter Schiff said negative interest rates are boneheaded.

2019 Federal Budget Deficit Already Above 2018 Number

The federal government continues to spend America into a black hole and has already topped last year’s budget deficit with two months left in the fiscal year. The US budget deficit in July came in at $120 billion thanks to a surge in spending, according to data released by the Treasury Department. Uncle Sam spent […]

The US Government’s Unsustainable Primrose Path of Debt

Month after month, the Trump administration runs multi-billion dollar deficits. The national debt has ballooned to over $22 trillion. According to the most recent Treasury Report, the US has a net worth of negative $21.5 trillion. And this understates the problem. As Wolf Richter of WolfStreet puts it, the US government has “debt out the […]

Wash, Rinse, Repeat: SchiffGold Friday Gold Wrap 4.12.19

Gold has been rangebound for months, gyrating up and down around the $1,300 mark. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about this “wash, rinse, repeat” cycle we’re seeing in the precious metals markets and then pivots into a discussion of some more fundamental dynamics. Mike touches on the financial […]

The US Government’s Net Worth Comes in at Negative $21.5 Trillion

The net worth of the US comes in at negative $21.5 trillion. This according to the Financial Report of the United States Government recently released by the Treasury Department.

Federal Government Runs Largest Deficit Ever in February

The US federal government ran an all-time record deficit of $234 billion in February, according to a Treasury Department report released on Friday. According to Business Insider, the February 2019 deficit topped the previous high of 231.7 billion set in February 2012.

Mixed Messages: SchiffGold Friday Gold Wrap 02.22.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Peter Schiff: We’d All Be Better Off if Cortez Was Still Waiting Tables Instead of Working in Congress

Peter Schiff recently appeared on InfoWars with Alex Jones to talk about Alexandria Ocasio-Cortez and the Green New Deal. He said the real problem isn’t the climate deniers, it’s the economy deniers. 

Peter Schiff: The Real National Emergency Isn’t At the Border – It’s the Debt

On Friday. Pres. Trump declared a national emergency. Based on that declaration, the president will reallocate $6.5 billion from other government programs to fund a border wall. In his podcast on Friday, Peter Schiff said there is indeed a national emergency, but it has nothing to do with the border. Of course, the real national emergency […]

Borrowing into Oblivion: SchiffGold Friday Gold Wrap 02.15.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.