Peter’s Blog

The inflation freight train is still hurtling down the track at breakneck speed. Everybody expected a big Consumer Price Index number for March. When it was all said and done, we got what was expected. And then some.

There was a little March Madness on Wall Street. In fact, the month turned into an old-fashioned blood bath. But you wouldn’t have found any carnage in the stock market. In fact, the Dow Jones gained a decent 2.3% on the month. But beneath that glittery stock market stage (that attracts the most investor attention) there […]

Earlier this week, Federal Reserve governor and vice-chair nominee Lael Brainard indicated the central bank will shrink its balance sheet at a “considerably” more rapid pace than it did during the previous cycle. I, Peter Schiff and a few others outside the mainstream have said the Fed won’t be able to do this. Why not?

The national debt stands at $30.3 trillion and the US government continues to run massive deficits. But does it really matter? Some people say that it doesn’t because “we just owe the debt to ourselves.”

Suddenly, Fed chair Jerome Powell is a tough guy. Is he though? Earlier this week, Powell delivered what Reuters called “his most muscular speech to date” on the battle against inflation.

AMC Theaters bought a gold mine last week. A literal gold mine.

This may be the dumbest thing you read today. Not my words, but this CNN article I’m about to tell you about.

Last week, I asked the question: is the US undermining the dollar’s credibility? It appears the answer is — yes. In another blow for dollar dominance, Saudi Arabia is reportedly considering pricing at least some of its Chinese oil sales in yuan.

The Fed is supposedly about to step into the ring to fight inflation. But all indications are it’s going to be a feckless fight.

The credibility of the dollar is taking some self-inflicted blows. And the world is watching. Could this hasten the end of the greenback as the world’s reserve currency?