The October CPI came in lower than expected, sparking a rally in stocks, bonds, and gold. Cooling prices reinforced the belief that the Federal Reserve won the inflation fight and the rate hiking cycle is over. In his podcast, Peter Schiff explained why the demise of inflation is greatly exaggerated.
From time to time, Peter Schiff hosts Q&A sessions with premium subscribers to his podcast covering a wide range of investing and economic topics. In this video clip, Peter publicly answers eight questions on gold, silver, and general investment strategies.
Optimism is driving the markets. Most investors seem to believe the economy is strong. The consumer is resilient. Price inflation is easing. And most people think the Federal Reserve is finished hiking rates. In his podcast, Peter Schiff explained why this investor optimism is at odds with reality.
Peter Schiff recently appeared on Real America with Dan Ball to talk about the latest employment data and the state of the real estate market. We know there is a lot of doom and gloom in the headlines, but Peter said the situation is actually doomier and gloomier than the headlines suggest.
Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what’s driving them – borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap host Mike Maharrey breaks down the recent household debt data and explains why this isn’t the sign of a strong economy. He also highlights some interesting silver demand news.
Silver demand for industrial applications, jewelry production and silverware fabrication is expected to nearly double over the next 10 years.
According to a report by Oxford Economics commissioned by the Silver Institute, the demand in these three sectors is forecast to increase by 42% between 2023 and 2033.
President Joe Biden is selling the latest proposal to send military aid to Israel and Ukraine as an economic stimulus plan. But this notion that spending money for somebody else’s war somehow boosts the American economy is rooted in a pervasive economic fallacy.
When you boil it all down, Biden is basically saying that the spending isn’t really foreign aid. It’s corporate welfare.
Ron Paul asks the operative question: should that make us feel better?
The Federal Reserve operates under a dual mandate from Congress — to achieve maximum employment and stable prices. In a recent podcast, Peter Schiff explained why the Fed won’t achieve either.
Central banks continued to gobble up gold.
Reported central bank gold reserves expanded by a net 77 tons in September with nine countries buying a ton or more.
President Biden keeps saying the economy is great. Fed officials say the economy is expanding at a “strong pace.”
Peter Schiff isn’t buying the narrative.
He says we may already be in a recession and he made a strong case in his podcast.