Peter's Blog

REAL Interest Rates: The Missing Puzzle Piece the Mainstream Is Ignoring

Inflation is sizzling hot. Gold has historically served as an inflation hedge. So, why hasn’t gold caught a bid? In a word, confusion. Taper tantrums and fear of Fed rate hikes have generated massive confusion in the markets. People are selling gold when they should be heavily buying gold in the dips. And at the […]

Abandoning the Gold Standard Undermined Labor Productivity

Labor market productivity has been dropping for decades. And you can trace the plunge back to the demise of the gold standard. US labor market productivity plummeted in the third quarter of 2021. Revisions to the data showed a 5.2% drop in productivity, even worse than the dismal initial reading last month. It was the […]

Peter Schiff: A Dove Doesn’t Change Its Feathers

The Federal Reserve is set to launch its war on inflation. But it looks like it’s carrying a pea-shooter to a gunfight. Or as Peter Schiff put it, a dove can’t change its feathers.

Silver on Sale: Silver-Gold Ratio Back Above 80:1

The silver-gold ratio has climbed back above 80-1. This has historically signaled silver on sale. As I write this article, the ratio stands at just over 80:1. That means it takes just over 80 ounces of silver to buy an ounce of gold. To put that into perspective, the average in the modern era has […]

A Runaway Inflation Freight Train the Fed Won’t Stop

The producer price index rose at the fastest rate in the history of the data set in November. This is a runaway inflation train hurtling down the tracks toward consumers. And despite all the talk, the Fed won’t be able to stop it.

Benjamin Franklin: Government Welfare Is Not “Doing Good to the Poor”

The federal government lacks any legitimate constitutional authority to establish welfare programs for the poor. Not only that, the federal welfare system fails in its promise to “help the poor” out of poverty.

Five Inflation Myths

Inflation is running rampant. At first, the powers that be tried to convince us it wasn’t a problem because it was just a temporary phenomenon caused by coronavirus. (As if a virus could cause the money supply to increase.) But now, the transitory inflation narrative is dead. Jerome Powell recently admitted that it’s time to […]

The Fed Is Between a Political Rock and an Economic Hard Place

Black Friday was a black and blue Friday as US stock markets saw their sharpest declines since April 2020. The selloff was spurred by a new COVID variant and fear of new lockdowns. The markets recovered on Monday, but the sudden stock dip was telling.

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 […]

Booming Retail Sales Don’t Necessarily Signal “Strong Economy”

Retail sales surged at a higher than expected rate in October, rising 1.7%. The mainstream reported this as fantastic news signaling a strong economy. American consumers are out there buying lots of stuff. The stock market rallied and gold fell. But the mainstream narrative isn’t giving you the full picture.