Peter's Blog

Peter Schiff: Student Loan Forgiveness Is Pure Inflation

Last week, President Joe Biden announced a student loan forgiveness scheme. Peter Schiff appeared on NewsMax Real America with Dan Ball to talk about the cost of forgiving student debt and the growing recession. Peter said that despite all of the claims to the contrary, this is just going to add to the inflation problem.

You’re Forgiven, My Child! SchiffGold Friday Gold Wrap Aug. 26, 2022

This week, President Biden announced a plan to forgive $10,000 to $20,000 in student loan debt. It sounds nice and some people will certainly benefit, but as SchiffGold Friday Gold Wrap podcast host Mike Maharrey explains, we’re all going to pay for this. In this episode, Mike also talks about Jerome Powell’s upcoming Jackson Hole […]

Peter Schiff: Washington D.C. Goes Full Orwellian

An audacious communications campaign from Democrats in Washington is currently underway that is attempting to convince the public that: There is no recession Inflation has been vanquished Even if inflation is still alive, targeted new Federal legislation will kill it

Private Sector Business Activity at Lowest Level Since COVID Lockdowns

In yet another sign the economy is tanking, private-sector business activity contracted for the second straight month in August. The S&P Global flash composite purchasing managers index (PMI) dropped to 45 this month from a reading of 47.3 in July. A print below 50 indicates a contraction in economic activity.

Peter Schiff: Markets Still Operating on False Confidence in the Fed

The four-week win streak in stocks came to an end last week with all of the major indexes down significantly on Friday. As Peter explained in his podcast, it appears the markets are coming to terms with the fact the Powell Pivot may not come as quickly as anticipated. That means interest rates may go […]

Brain Dump: SchiffGold Friday Gold Wrap Aug. 19, 2022

It was a relatively slow news week in the financial realm. For once, the Fed didn’t do anything particularly noteworthy. So, Friday Gold Wrap Host Mike Maharrey took advantage of the lull. Along with covering some economic data and media spin, he hit on a couple of subjects he hasn’t been able to get to […]

Peter Schiff: The Worst of Both Worlds — Inflation and Recession

The CPI cooled in July. The White House and others in the mainstream continue to insist there is no recession. Is everything looking up? Peter Schiff was on Fox Business with Liz Claman, Kenny Polcari (Slatestone Wealth Peak Market Strategist), and Teddy Weisberg (Seaport Securities) to discuss the Fed’s attempt to fight the inflation it […]

Now What? SchiffGold Friday Gold Wrap Aug. 12, 2022

The Consumer Price Index data for July cooled even more than expected. The question is how will the Federal Reserve play this? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, talks about the Fed reaction, and speculates about the Fed’s next move and its impact on […]

CPI Cools Modestly; How Will the Fed Play This?

As expected, the Consumer Price index cooled a bit thanks to falling gasoline prices. The question is will this give the Federal Reserve the excuse it needs bow out of the inflation fight? The Consumer Price Index for July was up 8.5% year-on-year. That was down from June’s 9.1% print and slightly below the 8.7% […]

Peter Schiff and Laura Ingraham: The American People Will Get the Worst of Both Worlds — Inflation and Recession

Despite White House and media spin downplaying a recession, a lot of people aren’t buying. Fifty-seven percent of small business owners say a recession has already begun. Peter Schiff talked with Laura Ingraham about government spending, taxation, inflation, household debt and the recession. He said the recession is already worse than people think.