Peter’s Blog

Last week, we reported on the number of temporary layoffs that are turning into permanent job losses.  Now Goldman Sachs is projecting even more permanent job losses coming down the pike as a wave of mergers, acquisitions and corporate takeovers sweeps through the economy.

There has been a lot of talk lately about central banks implementing their own digital currencies. Why?

Holdings of silver in silver-backed Exchange-Trade Products (ETPs) rose by 297 million ounces through the first three quarters of 2020, according to data released by the Silver Institute. That’s nearly triple the level of silver inflows seen during the same period in 2019. Meanwhile, investors also had a strong appetite for silver bullion coins and […]

Well-known management consultant Peter Drucker perfectly described the predicament faced by central bankers. You can’t manage what you can’t measure.” So why do we put so much faith in central bankers?

The fiscal 2020 budget shortfall totaled $3.13 trillion as Uncle Sam added another $124.6 billion to the deficit in September, according to the latest Monthly Treasury Statement. That more than doubles the previous record deficit of $1.4 trillion set in 2009 at the height of the Great Recession.

I spent a little time at Jekyll Island, Georgia, last weekend. I looked hard, but I didn’t find the mythical creature from Jekyll Island. From what I hear, it’s taken up permanent residence in Washington D.C. But I did locate its birthplace. If you don’t get the reference, I’m referring to the Federal Reserve.

It’s been months since the US started to reopen after the government-imposed coronavirus shutdowns and yet hundreds of thousands of Americans continue to file for unemployment every week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at the labor market and concludes that a lot of these […]

In response to any economic downturn, the Federal Reserve cranks up the money printing press. The reaction to the economic chaos caused by the government response to the coronavirus pandemic was no different. The Fed launched what many have called “QE infinity,” and has increased the money supply at a record pace. A lot of […]

When governments across the US forced businesses to close down in response to the coronavirus pandemic, everybody assumed the layoffs would be temporary. Despite the huge surge in unemployment, the expectation was people would quickly return to work once the crisis passed and the economy opened up again. But as the pandemic stretches into its […]

Sell dollars and buy silver. That’s Goldman Sachs’ recommendation. We’ve been warning about a dollar collapse. Now the mainstream is even getting bearish on the dollar.