Peter’s Blog

In a recent New York Times column, economist Paul Krugman tried to justify central bank interventionist monetary policy by comparing it to giving insulin to a diabetic. How should we think about these incredibly low interest rates? Recently Narayana Kocherlakota, the former president of the Minneapolis Fed, offered a brilliant analogy. Responding to critics of […]

Capitalism appears to be falling out of favor. Socialism is in vogue. Or at least that’s the impression one gets when talking to millennials in America. A recent Harvard University poll shows that more than half of Americans in the 18-29 age bracket oppose capitalism. Ron Paul appeared on RT America’s Boom or Bust show […]

Gold has gone up more than 18% this year, but Doug Casey told Albert K Lu this is just a small move. He sees gold going much higher in the next year: I think there’s going be a panic into gold and out of paper currencies. So this small up-move that we’ve gotten here since […]

Peter Schiff has been saying for months that the US is probably already in a recession. In fact, during his April 4 podcast, Peter made the case that the “very massive recession,” Donald Trump predicted has already begun (Scroll down to listen.): Everybody is saying he is nuts because the economy is great. Look at […]

Jim Grant appeared on CNBC’s Closing Bell to discuss the Fed’s latest non-move in interest rates, noting that “it seems awful familiar.” Grant offered a stinging indictment of the Fed’s role in the world, pointing out that central planners simply can’t juggle all of the varying factors in the economy. Every move the Federal Reserve […]

With the Federal Reserve preparing for another meeting, pundits are talking interest rate hikes. Even AP is speculating that a rate hike is unlikely this go-around, blaming problems the “global economy.” The US job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this […]

Earlier this week, China launched twice daily gold fixing to establish a regional benchmark that will bolster the country’s influence in the global gold market. What is the significance of the move? Greg Collett, director of investment products for the World Gold Council talked with Kitco News about the new Chinese benchmark. He said it […]

Jim Grant appeared on Bloomberg and offered some advice to the Fed when prompted by the hosts. Do less! I think they should do less of almost everything they now do. They pretend to things they can’t know, and they undertake actions that are mainly unhelpful.” Grant went on to explain why interventions into economies […]

Peter Schiff appeared with Alex Jones on InfoWars Friday and made the case that the real economic earthquake is in our future, not in the past. Peter said that despite all of the positive spin coming out of the mainstream media, the Federal Reserve, and the Obama administration, the US economy is weak and spiraling […]

Here’s some free advice for the Federal Reserve. It’s OK. You can tell them. They already know. The economy is not good. As Peter Schiff pointed out on CNBC yesterday, the Fed doesn’t really want to raise interest rates. We just witnessed what even a small nudge upward did to the stock markets after years […]