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POSTED ON January 28, 2024  - POSTED IN Guest Commentaries

Federal regulators are plotting a course that could see America’s sturdiest banks tied to a sinking lifeboat. This plan, designed to compel banks to use the Federal Reserve’s discount window, aims to normalize the act of reaching for this financial lifeline amidst turbulent seas. 

It’s as if the Fed is asking the healthiest swimmers to don faulty life jackets first, in a bid to make them seem less alarming to those already struggling to stay afloat. Our guest commentator explains why this strategy, while intended to fortify the banking sector against future storms, would endanger all US banks.

POSTED ON November 30, 2023  - POSTED IN Key Gold Headlines

Unrealized losses on securities held by US banks exploded by 22% in the third quarter.

Of course, unrealized losses don’t really matter — until they do.

This is yet more evidence that the financial crisis that kicked off last March continues to bubble under the surface.

POSTED ON July 21, 2023  - POSTED IN Friday Gold Wrap

Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening up under the surface.

POSTED ON July 19, 2023  - POSTED IN Original Analysis

Four months after the failure of Silicon Valley Bank and Signature Bank, the financial crisis sparked by Federal Reserve rate hikes continues to simmer under the surface.

As of the end of the first quarter, Bank of America had over $100 billion in unrealized losses on its bond portfolio. This is the exact problem that torpedoed Silicon Valley Bank (SVB).

POSTED ON May 3, 2023  - POSTED IN Peter's Podcast

The failure of First Republic Bank reveals that the banking system isn’t nearly as sound as Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell would have us believe. But as Peter explained in a recent podcast, it’s not just the banking system that’s messed up. The Fed has screwed up everything that is a function of interest rates by keeping rates at zero for so long.

POSTED ON May 2, 2023  - POSTED IN Original Analysis

Treasury Secretary Janet Yellen keeps insisting that the banking system is “sound.” Is it though? Because it doesn’t look particularly sound.

In fact, we just witnessed the second-largest US bank failure ever.

POSTED ON April 19, 2023  - POSTED IN Interviews

There has been a lot of talk lately about de-dollarization. As just one example, the BRICS nations recently announced they are developing a new currency. Peter Schiff recently appeared on Commodity Culture with Jessie Day to talk about the trajectory of the dollar. He said that the death blow for the dollar is coming. And when it does, people will run to gold.

POSTED ON March 29, 2023  - POSTED IN Original Analysis

Could the commercial real estate market be the next thing to break in this bubble economy?

The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low interest rates in the wake of the 2008 financial crisis created all kinds of distortions and malinvestments in the economy and the financial system. It was inevitable that something would break when the Federal Reserve tried to raise interest rates in order to fight the price inflation it caused with its loose monetary policy.

POSTED ON March 29, 2023  - POSTED IN Peter's Podcast

In the aftermath of the failure of Silicon Valley Bank and Signature Bank, everybody is trying to figure out what happened, who’s to blame, and what can be done to prevent it from happening again. One of the most popular “solutions” is more bank regulations. But in his podcast, Peter Schiff explained why regulations are the problem, not the solution.

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