Peter’s Blog

Laurence Kotlikoff, Professor of Economics at Boston University, appeared before Congress last month and called them out on phony accounting. He told Greg Hunter of USAWatchdog that despite his best attempts, he could not make senators see how the fiscal situation of the country is not as rosy as official numbers would have us believe. […]

Peter Schiff has been making the rounds of the financial media this week, warning that the Federal Reserve has no intention of raising interest rates. Fox Business moved on from this topic and asked Peter to defend the latest weakness in the gold price. Peter noted that gold has risen 5-fold in the last decade […]

The Federal Reserve removed “patient” from its policy statement and the media exploded with speculation on what the move might mean. Peter Schiff appeared on a panel discussion on Canada’s Business News Network to address the idea that removing the word means the Fed intends to raise rates. The discussion turned into a lively debate […]

Peter Schiff is one of the only voices warning that the Federal Reserve is going to start a new round of quantitative easing instead of raising rates. You can add well-known investor and analyst Jim Grant to the list of contrarian economists. Yesterday, Grant told CNBC that the Federal Reserve will revert to its worn-out […]

Peter Schiff responds to the hubbub surrounding the Federal Reserve’s dropping of the word “patient” from its policy statement. Janet Yellen’s diction is meaningless, but if you look closely it also reveals that the Fed is far more dovish than people think. The Fed can play all the mind games it wants with the markets, […]

The financial media are obsessed with whether or not the Federal Reserve is going to remove the word “patient” from its policy statement concerning an interest rate hike. CNBC asked Peter Schiff for his take, and he told them that the Fed’s statement is meaningless — the Fed can’t raise rates without pushing the United […]

In a long interview with Gordon T. Long, Managing Director of the Lindsey Group Peter Boockvar warns that the Federal Reserve has been creating artificial bubbles for years. In fact, we’re now facing the third bubble in 15 years. The mainstream news claims we’re not in a bubble because “things are different this time.” But […]

With typical incisiveness, David Stockman laid out for Bloomberg the precariousness of the US economy. The former White House Budget Director called out the Republicans for their failure to do anything about the runaway budget deficit. He expects the government to do what it always does: blink in the eleventh hour when faced with a […]

Dr. Joseph Salerno, Academic Vice President at the Mises Institute, spoke with Power Trading Radio about the declining value of fiat currencies and the Federal Reserve’s incentive to depreciate the dollar. The interview is long, but Salerno’s comments are a good primer on how precious metals became — and remain — sound money. He also […]

The Bloomberg ECO US Surprise Index is at its lowest since 2009, which means that forecasts for economic data haven’t been more wrong for six years. Bloomberg asks, “Is this a sign of unanticipated weakness in the economy?” At first, it seems like the mainstream media is actually waking up to the fact that the […]