Peter's Blog

Lagarde Warns of ‘Genuine Uncertainty’ as Gold Rockets Holds Over $5,000

European Central Bank President Christine Lagarde used the ECB’s 2026 Annual Global Risk Lecture in Bologna this week to deliver a stark message: “we are leaving a world where risk can be measured and modeled, and entering one of genuine uncertainty.” Her twin culprits are escalating geopolitical fragmentation and the break-neck spread of artificial intelligence. […]

Gold Brushes $5,400 as Tariffs Chill U.S. Factory Momentum

America’s manufacturing engine kept chugging in February, but it’s clearly running on thinner fuel. The S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) dipped to 51.6, the softest reading in seven months and down from January’s 52.4. While any mark above 50 signals expansion, survey respondents pointed to brutal winter storms and fresh tariff levies […]

Schiff on VRIC Media: Gold is the Tip of an Economic Iceberg 

On Wednesday, Peter appeared on VRIC Media for an interview with Darrell Thomas. Together they walk through why headline stock indexes give a false picture of economic health and why sound money matters more than ever. Peter also critiques political uses of market performance, lays out the real cost of tariffs and bad policy, and […]

Trade Deficits Aren’t the Problem – Unsound Money Is

Last week, the Supreme Court struck down the Trump administration’s unconstitutional and economically destructive tariffs. But, as the White House seeks to impose new trade restrictions through other avenues, it’s worth reexamining why trade policy and inflationary monetary policy typically go hand-in-hand. The following article was originally published by the Mises Institute. The opinions expressed […]

Schiff w/ Horowitz: Gold Is Being Targeted

Last week, in his second recent interview with Daniel Horowitz, Peter lays out a broad critique of today’s economic policy and market behavior. He centers the conversation on what he sees as a coordinated attempt to suppress precious metals, then ties that theme to the bigger-picture issues of stagflation, dollar debasement, tariffs, shifting debt strategy, […]

Peter Schiff: More Tariffs Mean Less Affordability

In his Wednesday podcast, Peter walks listeners through the frantic moves in precious metals, the unraveling Bitcoin narrative, and recent weak jobs data. He argues the gold and silver sell-off was a technical flush rather than a change in fundamentals, warns that Bitcoin’s long-promised outperformance has failed, and calls out tariffs and government spin for […]

Schiff w/ Lin: The Dollar’s Gravy Train is Ending

In his latest conversation with David Lin, Peter lays out a stark vision of a changing monetary order where gold regains its central role and the dollar’s slowly overtaken by other currencies as the reserve asset. He ties the shift to central bank behavior, the Fed’s role as buyer of last resort, and the political […]

Schiff on France 24: Trump Shoots Americans in the Foot

Earlier this week, Peter appeared on international news channel France 24 to discuss President Trump’s latest protectionist moves. Peter warns that the administration’s tariff push is doing real damage at home while exposing deeper fiscal and monetary fractures. He connects the tariff fight to battles over the Fed and a growing flight into gold and […]

Federal Budget: Government Deficit Exceeds $1.6T in 2025

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. 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 to, and the surplus or deficit. The government fiscal year closes at the end of September, […]

October Trade Deficit Drops to Lowest Level since Great Financial Crisis

The Trade Deficit is one of the two components of the ‘twin deficits’; the other being the federal budget deficit. The trade deficit used to be a number that received a ton of attention in the 1980s and 1990s because it was determined to be a strong gauge of the strength and weakness in the […]