Peter's Blog

The True Cost of Higher Education & the Student Debt Crisis (Video)

Nowadays, the mainstream assumption is that everyone is better off getting a college degree, no matter what. The economics of this logic are actually far more complicated. In a detailed video analyzing the cost of higher education, Stefan Molyneux of Freedomain Radio reviews some important studies debunking this new American myth. Molyneux has interviewed Peter […]

Gold Is Simplest Diversifier Against Overvalued US Dollar & Stocks (Video)

Axel Merk spoke with Greg Hunter of USAWatchdog about his reasons for buying gold. For Merk, it comes down to two things. First, the Federal Reserve and other central banks have trapped themselves – real interest rates need to remain near zero or negative. Second, basic valuations are way overextended – US stocks and the dollar are […]

China Calls for New Global Reserve Currency to Replace Dollar

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“Good News” in Housing Starts Has a Dark Side

The mainstream media trumpeted the latest data on housing starts as good news for the economy, but there is a dark side they aren’t talking much about. Reuters reports housing starts rose more than expected in September, driven by high demand for rental units. Groundbreaking increased 6.5% to a seasonally adjusted annual pace of 1.21 […]

Chinese Bank to Become Part of Silver Price-Setting Mechanism

A Chinese bank will soon join the London Bullion Market Associations (LBMA) silver price-setting process. According to a Reuters report, China Construction Bank signed a memorandum of understanding with CME Group. It will join HSBC, JPMorgan Chase, Mitsui & Co Precious Metals, Bank of Nova Scotia – ScotiaMocatta, Toronto Dominion Bank, and UBS in taking […]

Death of a Patriot

Irwin Schiff passed away on Friday, chained to his hospital bed. In this tribute to his life, Peter Schiff shares his personal thoughts about his father, a true American hero. My father, Irwin A. Schiff, was born Feb. 23rd 1928, the 8th child and only son of Jewish immigrants, who had crossed the Atlantic twenty […]

China Increasing Gold Holdings at Steady Pace

The Chinese central bank continues to increase its gold holdings at a steady pace. Figures released by the People’s Bank of China indicate its gold stash went up another 1% in September, according to a Reuters report: Gold reserves rose by 480,000 fine troy ounces, or 14.9 tons, to 54.93 million ounces, or 1,708.5 tons […]

Wal-Mart’s Problems Point to Deeper Issues in US Economy

Wal-Mart’s problems may well reflect deeper issues in the US economy. The giant retailer announced Wednesday that profits could drop as much a 12% in the next year. It’s stock plummeted 10% on the news. Company officials also warned they now expect sales growth for the current fiscal year to be flat. In February, the […]

Billionaire Paul Singer Says Gold Under-Owned, As Precious Metals Rally

The price of gold is rallying on growing uncertainly about a Federal Reserve interest rate hike and fears companies may disappoint already low expectations with third quarter earnings reports. No wonder billionaire Paul Singer said every investor should buy gold. According to a Bloomberg report, Singer criticized monetary policy makers for a “staggered economic recovery” […]

Slowing Sales Point to Slowing Economy

If the Federal Reserve is truly “data dependent,” then the data just keeps undermining its case for an interest rate hike this year. Wholesale inventories rose in August, and sales fell, flashing a recessionary warning sign. According to the Associated Press, the Commerce Department reported wholesale inventories rose 0.1% in August, while sales fell a […]