Peter's Blog

Peter Schiff: We’d Be Lucky to Escape With Just a Recession

Peter Schiff recently appeared on Real America with Dan Ball to talk about the weakening US dollar, the less-than-stellar jobs report, and the trajectory of the economy. Peter kicked off the interview with a startling statement when Dan said whether it’s oil, de-dollarization, or President Biden’s horrible economic policies, everything is pointing toward a recession […]

Odds the Fed Is About to Trigger the Next Bust Are Rising

During testimony on Capitol Hill, Federal Reserve Chairman Jerome Powell said the central bank may have to raise interest rates higher than previously expected to bring down price inflation. Despite the speed of Fed hiking and the enormous amount of debt in the US economy, most people in the mainstream seem convinced the central bank […]

Peter Schiff: All Roads Lead to Hard Landing and Higher Inflation

The markets still seem to believe the Federal Reserve can ratchet price inflation back down to 2% while bringing the economy to a relatively soft landing. In his podcast, Peter Schiff throws cold water on this hopeful narrative. He goes through the economic data that came out last week shows that all roads appear to […]

Three Reasons the Fed Will Lose the Inflation Fight: SchiffGold Friday Gold Wrap March 3, 2023

Despite the hotter-than-expected CPI data for January, most people still seem confident that the Federal Reserve can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come to expect. Friday Gold Wrap host Mike Maharrey does not share this optimism. […]

Recession Warning Sign: Consumer Confidence Falls Again in February

Joe Biden might be confident in the US economy. Federal Reserve Chairman Jerome Powell might be confident about the US economy. But the average American? Not so much. The Conference Board Consumer Confidence Index fell for the second straight month in February, dropping from a downwardly revised 106.0 in January to 102.9.

Shrinking Money Supply Undercuts “Soft Landing” Narrative

The better-than-expected non-farm payroll report for January along with the smaller interest rate hike delivered by the Federal Reserve at its February meeting increased optimism that the central bank can bring price inflation back to 2% without tanking the economy. But the shrinking money supply undercuts this soft landing narrative.

A Teaching Opportunity: SchiffGold Friday Gold Wrap Jan. 27, 2023

With a debt ceiling debate now underway, a dumb idea has once again raised its ugly head – the trillion-dollar coin. This week on the Friday Gold Wrap podcast, host Mike Maharrey uses this so-called “solution” to the debt ceiling problem as an opportunity to teach some economics. In this episode, he also touches on […]

Peter Schiff: The Recession Everybody Denies Exists Is Going to Get Worse

Peter Schiff recently appeared on Dan Bongino’s Unfiltered on Fox News to talk about the economy, inflation, the stock market, the Federal Reserve and investing in 2023. Peter said the recession that everybody denies exists is going to get worse, and so is inflation.

Crying Wolf? SchiffGold Friday Gold Wrap Dec. 23, 2022

Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it’s hard to predict the exact timing of a crash even if you’re certain it’s on the horizon. He also talks about a couple […]

The Fed Is Making Things Up as It Goes Along

The Federal Reserve would like you to think that it is scientifically guiding the economy with carefully calculated monetary policy. The truth is the Fed is making things up as it goes along.