Peter’s Blog

Last week, Peter appeared on Soar Financially, where he was interviewed by host Kai Hoffmann. The two dive into gold’s upward trajectory and its historical precedents, the market’s misguided optimism when it comes to the American economy, and recent events in domestic politics and international banking.

Even as the Fed cuts interest rates, and signals that more rate cuts on the way, consumer credit card interest rates are hitting all-time highs. A Bankrate report said that the average retail credit card interest rate reached a whopping 30.45 percent earlier this year, up from 2021’s average of 14.35 percent. 

On Friday’s episode of the Peter Schiff Show, Peter tackles the Bureau of Labor Statistics’ most recent jobs report, which came out early Friday. The report, which purportedly supports the narrative of a strong economy, is not as positive as the media suggests. Peter takes most of this episode to explain why.

On Wednesday, Peter appeared on Claman Countdown with Liz Claman on Fox Business. There he voiced strong opposition to the Fed’s recent decision to cut interest rates by 50 basis points, pointing out that this behavior is what got the economy in trouble in the first place.

Americans are already struggling to feed their families and pay their bills, but having predicted every US recession since 1960, the flattening bond yield curve is speaking loud and clear that an “official” downturn is nearly inevitable. With bond prices on the rise as the Fed looks increasingly likely to cut rates in September, the […]

U.S. economic data is hitting headlines yet again—this time, due to serious concerns about its continued reliability. “Federal statistical agencies face increasing challenges to their ability to produce relevant, timely, credible, accurate, and objective statistics,” researchers of the American Statistical Association revealed. “Immediate action is needed to put the agencies … on a firmer footing […]

An inverted Treasury yield curve has historically been associated with economic downturns, preceding every recession since the late 1960s. Earlier this year, it set a new record for remaining inverted for more than 624 days, which was the 1978 record.

In this episode, Peter recaps the latest batch of economic data, in which revisions to job numbers and a declining manufacturing sector bode poorly for the economy. He also analyzes gold and silver’s big week last week and offers some thoughts on President Biden’s recent post-debate interview on ABC.

While the cost of fireworks is down compared to last year, prices of just about everything else are way up. That means individuals are still buying fireworks to light off themselves, but the size and scope of municipal fireworks shows are being downgraded in many towns and cities across the country — and in some […]

Inflation breeds desperation, and desperation breeds crime. As central banks in Europe and Canada cut interest rates, and expectations remain that the Fed will wait to cut until at least September if it cuts this year at all, our endlessly-wise global central bankers, the benevolent all-knowing stewards of the global economy, can’t seem to agree […]