Peter's Blog

Creative Ways To Track and Cut Government Spending

Government spending feels like it simply cannot be stopped. No matter which party is in the White House, spending just increases. Republicans call for spending cuts to things they don’t like and Democrats call for spending cuts to things they don’t like, while both of them miraculously end up increasing the deficit. Government spending is […]

Schiff on Triangle Investor: The US is Turning Into Japan

Earlier this week, Peter joined the Triangle Investor podcast to break down the latest inflation data, the deteriorating state of the mortgage market, and the inevitable reckoning awaiting the US government’s addiction to debt. He also weighs in on crypto’s political fortunes and draws parallels to Japan’s own debt troubles, warning that sovereign nations worldwide […]

Schiff on “Let’s Talk Geopolitics:” The Debt Trap Springs Shut

Last week, Peter joined Cyrus and Alex on the “Let’s Talk Geopolitics” podcast to lay out why he believes America’s fiscal and monetary situation has reached a point of no return. He walks through the choice between hyperinflation and outright default, criticizes Trump’s handling of the economy heading into the midterms, and explains why gold, […]

Schiff w/ Bodrovics: We’re in a Debt Spiral

Peter recently joined The Competent Investor podcast to lay out his assessment of where U.S. fiscal and monetary policy are headed. He walks through the mechanics of a looming sovereign debt crisis, explains how the Federal Reserve has backed itself into a corner, and details how rising interest rates are quietly wrecking the housing market. […]

Schiff w/ Diesen: Defaulting and Inflation are Our Only Options

In his latest interview with Glenn Diesen, Peter tackles the narrative that the US economy is thriving simply because President Trump insists it is. He walks through the deeper rot underneath the surface-level boasting, covering America’s addiction to debt, the unsustainable trade deficit, China’s retreat from US Treasuries, and the looming reality that the national […]

Schiff w/ Melker: The Debt Spiral Is Already Here

In his latest appearance on The Wolf of All Streets podcast, Peter breaks down why official government statistics deserve healthy skepticism, then walks through the math of America’s ballooning debt and interest payments. He also touches on the bond market’s prolonged bear run, the dollar’s weakness against gold, and even takes a jab at the […]

Government Deficit Reaches $2T in Fiscal Year 2026

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit. The government fiscal year closed in September, but this analysis […]

Stop Blaming Mortgage Rates for Slumping Home Sales

Housing activity has frozen as the average 30-year mortgage rate climbed from 6.2 percent last October to 7.4 percent this month, but a rate of 7 percent is historically unremarkable and only looks high because the Fed spent years suppressing rates with quantitative easing. With long-term yields likely to stay elevated under $40 trillion in […]

The Austrian Cure for a Broken Economy

Inflation, high prices, stagnant wages, and recurring financial crises are usually treated as separate problems, but Austrian economists argue they are connected consequences of interventions that distort the price signals a market economy relies on to coordinate itself. Sound money, free prices, secure property, open competition, capital accumulation, and profit-and-loss discipline are the key to […]

Schiff on CapitalCosm: Trump’s Economy is a Fantasy

Peter recently joined Danny on the CapitalCosm podcast to discuss the state of American politics and the economy heading into the midterms. He takes aim at Trump’s self-mythologizing rhetoric, the bipartisan appetite for reckless spending, and the political risks facing Bitcoin, all while explaining why mounting debt and inflation continue to make the case for […]