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POSTED ON April 28, 2020  - POSTED IN Guest Commentaries

A = coronavirus. B = economic meltdown.

A caused B.

That’s the mainstream narrative when it comes to the economic pain we’re feeling right now.

But in reality, A did not cause B. B was in the works long before A came along.

POSTED ON April 27, 2020  - POSTED IN Interviews

Earnings reports started coming in last week. It was a mixed bag, with some companies showing the negative impacts of the coronavirus-induced government shutdowns, but other companies coming in more upbeat. Peter Schiff appeared on RT Boom Bust to talk about it. He said the only thing the stock markets have going for them right now is the Federal Reserve. But one sector will truly benefit – gold.

POSTED ON April 24, 2020  - POSTED IN Friday Gold Wrap

It was another crazy week on Wall Street with a lot more economic doom and gloom, punctuated by a complete meltdown of the oil futures market. In this week’s Friday Gold Wrap podcast, host Mike Maharrey talks about some of the highlights – or lowlights – but he also injects a little optimism into the conversation and offers some constructive advice.

POSTED ON April 22, 2020  - POSTED IN Interviews

Peter Schiff recently appeared on Newsmax The Income Generation with David Scranton to talk about the impacts of the coronavirus government shutdown on the economy. The segment turned into a somewhat contentious debate about inflation. Guest host Jeff Small insisted we aren’t going to see price inflation, despite the Federal Reserve creating trillions of dollars out of thin air. Peter said Small’s ideas are divorced from economic reality.

POSTED ON April 21, 2020  - POSTED IN Peter's Podcast

The price of oil turned negative on Monday for the first time in history.

Of course, that doesn’t mean that somebody will soon pay you to put gas in your car. We’re talking about the price of oil futures contracts. Nevertheless, it does indicate just how out of whack the oil market has become.

POSTED ON April 20, 2020  - POSTED IN Original Analysis

A lot of people still seem to think the economy will fire right back up and things will snap right back to normal when the government-imposed coronavirus lockdowns end. I don’t believe we’re going back to normal for a number of reasons – primarily because things weren’t normal before coronavirus. The economy was a big, fat, ugly bubble. Coronavirus was a pin that popped the bubble.

But even if things were normal before the pandemic, the economy still wouldn’t just fire back up and restart on a dime.

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