Peter's Blog

The Fed’s Secret Strategy Around “Soft Landing”

By interpreting the two-percent inflation target as a flexible average, the Fed can cloak its true agenda: artificially suppressing interest rates to finance burgeoning federal deficits. Our guest commentator shows how the Fed manipulates its inflation targets and implements rate cuts irrespective of actual economic conditions, bending to political will.

The Ideological Battle Behind the U.S. Debt Crisis

The U.S. national debt is at 34.7 trillion dollars. If you laid that many dollar bills end-to-end, it would wrap around the Earth 134,599 times. That’s enough to travel to the sun and back 17 times. Suffice it to say, we’re in a pickle.

Schiff vs. Hanke: Who’s to Blame for Inflation?

Last week, Peter debated Steve Hanke, professor of economics at Johns Hopkins University, on inflation, the debt crisis, and the future of the dollar. David Lin hosted the debate on The David Lin Report and provided moderation for the event. While Peter and Hanke have their disagreements, both ultimately agree that the United States is in rough fiscal and monetary shape, and terrible monetary […]

New Peter Schiff Interview: Gold, not Bitcoin, is the Solution to National Debt

Last week Scott Melker interviewed Peter on The Wolf of All Streets podcast. They have a friendly discussion about Bitcoin’s future, the differences between gold and crypto, and the overlap in the crypto and precious metals movements.

New Peter Schiff Interview: We’re Paying the Price for Deficits

Last week, Peter was interviewed on Speak Up with Anthony Scaramucci. In their conversation, they covered a wide range of important topics, including inflation, the fate of the dollar, and the trade-offs between gold and cryptocurrency. 

Student Loan Forgiveness is Robbing Peter to Pay Paul

With President Biden’s Saving on a Valuable Education (SAVE) plan set to extend more student loan relief to borrowers this summer, the federal government is pretending it can wave a magic wand to make debts disappear. But the truth of student debt “relief” is that they’re simply shifting the burden to everyone else, robbing Peter […]

Massive Deficit Spending Tows US Economy Forward

Rampant government spending continues to mask fundamental weaknesses in the US economy. Recently, national debt grew much faster than the economy for the third quarter in a row, just one of many warning signs concerning legendary investors. Our guest commentator explains just how much the government is spending to make the economy seem strong, even […]

$1 Trillion Per 100 Days: Is This the Year the Debt Bubble Explodes?

With a stunning trillion dollars added to the national debt in only three months, projected to reach an incomprehensible $54 trillion within 10 years, and America’s interest payments on track to exceed defense spending next year, the question must be asked: How much longer can the debt bubble go?

Why America Will Never Surmount Its Mountain of Debt

Can America hope to climb past its mountain of $34 trillion of federal debt? With the staggering weight of unfunded liabilities in vital entitlement programs like Social Security and Medicare reaching $212 trillion, any strategy for repayment is met with formidable obstacles. Our guest contributor arrives at a sobering verdict: the magnitude of the debt […]

Federal Budget: Interest Payments Reach $750B

Federal Budget The Federal Government publishes the spending and revenue numbers every month. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going, and the surplus or deficit. This month saw a $22B deficit.