Peter’s Blog

The recent Federal Reserve rate hike was supposed to assure us that the US economy is improving. But as we’ve shown, the actual economic data just doesn’t back up the optimism. At best, the economy remains tepid, and Peter Schiff has argued that it is likely heading toward another recession. As a result, Peter doesn’t […]

In the past week, Peter Schiff released two podcasts, and appeared on CNBC, Fox Business, InfoWars and The Hard Line. The Federal Reserve’s decision to nudge interest rates up and the possible ramifications dominated discussions. Follow these links to jump to the video or article you’d like to see: 1. Schiff Radio Podcast: CNBC Calls […]

Russia and Kazakhstan continued their gold buying spree in November, and Turkey added to its reserves as well. Meanwhile, India is on pace for a healthy increase in gold imports this year.

A paper recently published by the National Bureau of Economic Research found that a large percentage of the increase in college tuition can be explained by increases in the amount of available financial aid. Peter Schiff was saying this as far back as 2012. That summer, Peter appeared on CNBC and debated an economist with […]

The US middle class continues to shrink, squeezed by government policy and an ever-increasing burden of debt. According to a recent Pew Research report, the majority of American adults no longer are part of the middle class. The middle class accounted to 61% of the population in 1971. The most recent figures put the middle […]

The Federal Reserve made its much-anticipated move yesterday, nudging up the key interest rate by a quarter point. Peter Schiff did an interview with The Hard Line on Newsmax TV a short time later, reiterating what he was saying before the Fed’s announcement – the rate hike does not indicate confidence in the US economy. […]

The Fed appears to be skipping merrily toward an interest rate hike this afternoon, which is supposed to signal that the US economy has recovered. But as Peter Schiff has been pointing out relentlessly on his Facebook page, the actual economic data tells a completely different story. In fact, the economy isn’t nearly as good […]

Austria has started acting on its plan to repatriate a big chunk of its gold reserves. Last week, the Austrian National Bank announced it brought 15 tons of gold back into the country. According to Reuters, a spokesman said the bank began repatriating the gold from London in October:

The Federal Reserve’s Federal Open Market Committee will kick off its December meeting Tuesday. Most pundits seem to think the Fed will raise the benchmark short-term interest rate from near zero to 0.25 on Wednesday. But many economists agree with Peter Schiff that even if the Fed ticks the rate up this week, it won’t […]

We tend to think of economic crises as relatively rare, isolated events like the Great Depression or the 2008 meltdown. But in truth, they are pretty common. They’ve been happening for thousands of years, and few generations escape them. This fascinating video by HowMuch graphically illustrates the history of economic crises.