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POSTED ON June 15, 2021  - POSTED IN Peter's Podcast

The CPI data came in higher than expected again in May. Looking at the trend, this should cast some serious doubt on the notion that inflation is “transitory.” Price data has come out hotter than expected every month this year. But the market reaction appears to be the exact opposite. The worse than expected CPI report seems to have reinforced the “inflation is transitory” narrative. As Peter Schiff explained in his podcast, everybody is buying into a lie the Fed is spoon-feeding us.

POSTED ON June 13, 2021  - POSTED IN Peter's Podcast

We got the May Consumer Price (CPI) Index data last week. Once again, it came in hotter than expected. Peter Schiff broke down the data on his podcast and concluded that this surge of inflation is anything by transitory.

Peter pointed out that the CPI is reverse-engineered to mask inflation.

It doesn’t really tell the whole story. But even half the story is pretty bad.”

POSTED ON June 11, 2021  - POSTED IN Friday Gold Wrap

We got another round of hotter than expected CPI data this week. The mainstream financial media is spinning this as good news. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the CPI data without the rose-colored glasses. He also talks about an announcement by a major restaurant chain that may well be a canary in the coal mine. His conclusion – in the end, economics wins.

POSTED ON May 14, 2021  - POSTED IN Friday Gold Wrap

CPI came in much hotter than expected. Fed Vice Chairman Richard Clarida actually said, “We were surprised by higher than expected inflation data.” But should we really be surprised by this? In this episode, Friday Gold Wrap host Mike Maharrey talks about inflation and suggests maybe you shouldn’t be shocked. He also discusses the whacked-out labor market.

POSTED ON May 4, 2021  - POSTED IN Videos

We’ve been talking a lot about the specter of inflation. Despite the Fed’s assurances not to worry because any price increases we’re seeing are transitory, some people are indeed worried. A former JP Morgan managing director warned about inflation and echoed Peter Schiff’s view that the central bank is powerless to fight it.

And we’re seeing rising prices all over the place, from the grocery store to the gas station. Even the government numbers flash warning signs. But as Peter Schiff explains in this clip from an interview with Jay Martin, it’s probably even worse than we realize because the government cooks the numbers when it calculates CPI.

POSTED ON April 15, 2021  - POSTED IN Peter's Podcast

Federal Reserve Chairman Jerome Powell keeps telling us not to worry about rising prices, assuring us that any increase in price inflation is “transitory.” It appears most of the mainstream is buying this hook line and sinker.

The March CPI number was expected to come in hot due to a much lower baseline. Prices tanked last March as governments locked down their economies. As a result, economists expected the year-on-year CPI comparison to show a big increase. But the increase was even bigger than expected. Peter Schiff talked about it in a recent podcast.

POSTED ON March 30, 2021  - POSTED IN Key Gold Headlines

We have been saying that given the extraordinary level of money printing the Fed has done since the beginning of the pandemic, a wave of price inflation is coming down the pike – perhaps even hyperinflation. But many will be quick to remind us that we raised the warning flag about inflation when the Fed launched three rounds of quantitative easing in the wake of the 2008 financial crisis. In fact, Paul Krugman has been doing victory laps again – reminding everybody that the inflation monster never did come out of its lair and promising it won’t this time either.

Basic economics tells us that increasing the supply of money without a corresponding increase in the number of goods and services in the economy should lead to rising prices. Is basic economics wrong? Or are there other things going on in the economy that suppressed or hid inflation in the aftermath of the great recession?

POSTED ON March 11, 2021  - POSTED IN Key Gold Headlines

The Labor Department released February’s CPI numbers on Wednesday. The mainstream spin was “no inflation, nothing to see here.” But what will we find if we dig a little deeper into the numbers?

CPI was up 0.4% in February. That follows on the heels of a 0.3% rise in January. The rise was in line with expectations.

POSTED ON August 18, 2020  - POSTED IN Original Analysis

What is inflation?

When analysts, politicians and pundits talk about inflation, they usually mean rising consumer prices as measured by the consumer price index (CPI). Peter Schiff and Jim Rickards debated this on Kitko news. Rickards also used this definition, insisting there is no inflation right now. Peter said, “Of course there is. The Fed is inflating like crazy.”

The ensuing debate led Peter to address the issue of inflation on his podcast. Peter called the modern mainstream definition of inflation a “false” definition.

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