Peter's Blog

There Is No Way the Fed Will Raise Rates Significantly Today (Video)

Marc Faber spoke with Bloomberg TV this morning to explain why he thinks the Federal Reserve will take no significant steps towards raising interest rates when its meeting concludes today. Like Peter Schiff, Faber predicts the Fed will not commit to any steady schedule of rate hike increases and that a fourth round of quantitative […]

Fed Rate Hike: Will She or Won’t She? (Audio)

Peter Schiff reviews the latest economic data ignored by the mainstream media and maintains his forecast that the Federal Reserve will not raise interest rates this week. Peter also explains why mainstream analysts are all wrong, whether they argue for or against a rate hike. What does the Fed have to hang their hat on? […]

Peter Schiff Was Right: Federal Aid Inflates College Tuition (Video)

Here’s another story for the “Peter Schiff was right” archive and another testament to just how clueless mainstream economists can be. Three years ago, it was already becoming clear that ballooning student debt defaults were becoming a major problem. CNBC reported that the loan “industry underestimated defaults by a whopping $225 billion.” We wrote earlier […]

The Fed Is Waging Jihad Against Savers and Retirees (Video)

David Stockman, former Budget Director under President Reagan, appeared on Fox Business to warn that the United States faces a financial “time bomb” of $19 trillion of ballooning debt. This debt load will eventually become unsustainable when interest rates rise, which is an inevitability. Stockman points to the same historical data as Alan Greenspan – interest […]

White House Reveals Student Loan Default Rate

At the end of 2014, the New York Fed reported a surprisingly high delinquency rate for student loans – 11.3%. Now the latest data released by the White House reveals that number may in fact be dramatically higher. As the Wall Street Journal reports: New figures covering more than 3,700 schools were released as part […]

Perception Is the New Truth: Physical vs. Paper Gold (Video)

Bloomberg Business interviewed Peter Hambro, Chairman and Co-Founder of Petropavlovsk – one of the largest gold mining companies in Russia. Hambro presented physical gold to the Bloomberg anchors, who seemed genuinely dubious as to its value, insisting that gold is for “speculators.” Hambro clarified that “paper gold” is for speculators, and he believes the Comex futures […]

The US Economy Is One Giant Bubble (Audio)

Last weekend, Peter Schiff spoke with Free Talk Live, a nationally syndicated radio show. They discussed the growing student debt bubble, Peter’s imprisoned father Irwin, and the reasons why American businesses are moving to Puerto Rico. You can download the free report they discuss here: The Student Loan Bubble: Gambling with America’s Future. The bubble […]

Empty Vaults Serve as a Warning: Keep Your Gold Close

An apparent gold scam recently uncovered in Austin, Texas, serves as reminder for investors to use caution when dealing with small, unknown companies. According to the Austin American-Statesman, the vaults belonging to an Austin company claiming to store millions of dollars in precious metals for its customers turned up virtually empty.

Comex Update: Plunge in Available Gold for Delivery

The latest update from CME Group shows a huge outflow of gold held for delivery by Comex. There are now less than 6 tons of registered physical gold available for delivery. For every 207 ounces of gold claimed by paper contracts on the Comex market, there is only one ounce of physical gold in Comex […]

US Mint Silver Shortage – An Inside Look (Audio)

SilverDoctors.com interviewed Tom Power, the CEO of Sunshine Minting. Sunshine is one of the biggest suppliers of silver blanks to the United States Mint, which the Mint uses to strike the American Silver Eagle coins. Sunshine also also supplies gold and silver blanks to producers around the world, and has its own line of very […]