Peter’s Blog

Could America go the way of Greece? Most people don’t seem to think so. In fact, proposing that US policy could lead to a Greek-like meltdown will still elicit incredulous eye-rolls in most circles. But some of the structural problems that led Greece down her road to ruin already exist in the United States, especially […]

Peter Schiff shares his thoughts Greece’s capitulation and acceptance of a third bailout deal from Europe. He reviews some of the other options Greece might have had if it wasn’t run by a socialist government.

The financial media latched onto Janet Yellen’s latest statements as further proof that a rate hike will happen this year. Peter Schiff debunks this analysis in his latest podcast, pointing out that Yellen’s phrasing remains as ambiguous as ever. Peter also addresses the latest news out of Greece, where he expects the Greek government to […]

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. I hope this market update finds you well and enjoying summertime. The markets have certainly not lacked for drama this past week. Along with all the […]

If I want 100 pennies, all I have to do is go to my local bank and plop down a $1 bill. But if I want plastic pennies, now that will cost me some real dough – $3.49 to be exact. Who would have thought there was money to be made in toy pennies? A […]

Have you heard the news? Greece has defaulted and is facing complete financial meltdown. European banks are exposed to Greek sovereign debt, and US banks are exposed to European banks. As we saw in 2008, it only takes one domino to fall (Lehman) to threaten the entire global financial system. Don’t panic. SchiffGold has compiled […]

In his review of the latest economic data, Peter Schiff rips more holes in the economic “recovery” narrative. The labor-force participation rate just hit its lowest level since 1977. Meanwhile, under Obama’s presidency, 1.4 million manufacturing jobs have been lost, while 1.4 million bartending, waitress, and waitering jobs have been created.

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The federal government can’t seem to help itself. After overseeing the inflating and bursting of the dot-com bubble in the 1990s and the subprime mortgage bubble […]

Peter Schiff appeared on Fox Business yesterday, warning that whether they know it or not, many Americans own Puerto Rican bonds in their retirement portfolios. If Puerto Rico were to default on its debt, the fallout would have a much bigger effect on average Americans than Greece leaving the eurozone. More importantly, Peter believes Puerto […]

Last night, Peter Schiff told CNBC how he expects the Greek financial crisis to affect United States markets. Peter thinks that the Federal Reserve will come in with another round of quantitative easing to prevent the dollar from rising too much against a struggling euro. Instead, he believes the Puerto Rican debt crisis presents a […]