Peter's Blog

Peter Schiff vs. A Marxist Professor: Is Socialism the Problem or the Solution?

Peter Schiff debated Marxist professor Richard Wolff on RT Boom Bust. Wolff just can’t grasp that socialism isn’t the solution to America’s problems. Socialism is America’s problem.

The Pilgrims Did Socialism and Died Trying

When I was a kid, we used to say some things only “sound good on paper.” In other words, they seem like good plans, but there is no way they’re going to work in the real world. That’s socialism in a nutshell. The Pilgrims found this out the hard way during their first couple of […]

Central Banking Is Rooted in Socialism

As Ron Paul pointed out, the recent brouhaha at the Federal Reserve when information came out revealing several central bank officials making multiple multimillion-dollar stock trades in 2020 even as the Fed was putting its big fat thumb on the economic scales was a minor thing compared to the bigger scandal – the everyday operation […]

Peter Schiff: Socialism Is Looting With a Middleman

Protests have rocked the US in the wake of George Floyd’s death at the hands of a Minneapolis police officer. In some areas, peaceful protests have crossed the line into violence and looting. But the real question is what are the long-lasting political ramifications that will come out of the unrest? Peter Schiff talked about […]

Is that “Real” Socialism? It’s Your Dime Interview With José Niño

José Niño was born in Venezuela and his family has experienced the impacts of socialism first hand. But was it “real socialism?” On this episode of It’s Your Dime, José and host Mike Maharrey talk about it. José had the good fortune of leaving Venezuela before it descended into chaos. After reading the tea leaves […]

The Green New Deal Is Red

The Democrats led by Alexandria Ocasio-Cortez released their “Green New Deal” last week.  As Peter Schiff put it in his latest podcast, the Green New Deal is really red – as in socialist red. The whole thing is an economic train wreck. It’s masterful politics though.

How Socialism Nearly Wiped Out the Pilgrims: SchiffGold Friday Gold Wrap 11.23.18

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.

Real Capitalism Isn’t Rigged; Socialism Is

As we’ve noted before, Keynesian central planners suffer from fatal conceit. They think they are smart enough to plan and direct the economy better than the free market. When you boil it all down, these people believe they can do a better job of making your economic decisions than you can. After all, a free […]

Peter Schiff Debates a Socialist (Video)

The US federal government posted the largest budget deficit since 2012 in fiscal 2018.  Uncle Sam ended 2018 $779 billion in the red, adding to the ballooning national debt. The Bipartisan Policy Center called the Treasury report a “wakeup call,” noting that trillion dollar deficits during an economic expansion are a serious issue. But not everybody […]

Fun on Friday: The Definition of Insanity and a Lesson from the Pilgrims

As the saying goes, “Insanity is doing the same thing over and over again, and expecting different results.” Albert Einstein is usually credited with that statement, although there isn’t any proof that he ever said it. Nevertheless, it’s certainly a good working definition of insanity. And by that definition, I have to conclude that socialists […]