Peter's Blog

You Wanted Stimulus; You Got Stagflation

During the pandemic, we got trillions of dollars in stimulus. The Federal Reserve alone pumped nearly $5 trillion into the economy. People gobbled up those stimulus checks, but there is no such thing as a free lunch. Now we’re paying for those stimmy checks with rampant inflation that is morphing into stagflation. As Peter Schiff has […]

Rising Interest Rates on a Collision Course With a Wall of Debt

Jerome Powell still insists the Federal Reserve can beat inflation while bringing the economy to a “soft landing.” But there are underlying issues in the economy that make it extraordinarily doubtful that the economy can avoid a major downturn – despite Powell’s claims to the contrary. One of the biggest problems facing the Fed is […]

Ron Paul: The Mother of All Economic Crises on the Horizon

For the last several years, we’ve enjoyed the fruits of an economic bubble blown up by easy money and debt. But ultimately, that debt is going to be the economy’s undoing. Simply put, these debt levels are unsustainable without runaway inflation. So, pick your poison.

Are Digital Dollars a Move Toward Monetary Totalitarianism?

Last month, the New York Fed launched a pilot program for a “digital dollar.” Could this be the first step toward monetary totalitarianism?

Why Are the Markets Obsessed With a Fed Pivot?

Will the Federal Reserve pivot? That’s the question on everybody’s mind. But why does it matter so much?

The Fed’s Fundamental Problem

Inflation was running rampant for months before the Federal Reserve launched its inflation fight. As you’ll recall, we were told over and over again that inflation was transitory. But now that the central bank is on the job, most people are confident Powell and Company can get rising prices back under control. Perhaps they shouldn’t […]

How Fed Easy Money Helped Fuel the FTX Crypto Collapse

The collapse of the FTX crypto exchange has been in the news. As SchiffGold analyst Tony wrote, “FTX isn’t the canary in the coal mine (that was Celsius, or one of the other firms that crashed this year). FTX is the coal mine, and it just collapsed.”

The Employment Picture Isn’t as Pretty as They Want You to Believe

There are plenty of signs that the economy is teetering on the brink as the Federal Reserve ratchets up interest rates. The air is coming out of the housing bubble, PMI has tanked, more Americans are living paycheck to paycheck, and debt is spiraling upward. Those claiming the economy remains strong have one peg to […]

Gold Is the Solution for Financial Crises — Not the Cause

Most people have a sense of history that goes back about two weeks. This is especially true in the world of investing and finance. As a result, people have a hard time seeing the big picture. For instance, a lot of people think the current inflation crisis was only due to the Fed failing to […]

Ron Paul: Wreck the Economy Win a Nobel Prize

Ben Bernanke was one of the architects of the inflation you’re suffering from today. He won a Nobel Prize for his efforts. Bernanke rolled out quantitative easing to rescue the economy in the wake of the 2008 financial crisis. At the time, he swore it was a temporary emergency measure and that the Fed would […]