Peter's Blog

Peter Schiff: Inflation Is Going to Get Much Worse (Interview)

The mainstream seems more and more convinced that the Federal Reserve can bring inflation back down to 2% without creating any significant problems in the economy. After the February FOMC meeting, Fed chair Jerome Powell even suggested that the economy would avoid dipping into a recession. But in an interview on Fox Business with Liz […]

Shrinking Money Supply Undercuts “Soft Landing” Narrative

The better-than-expected non-farm payroll report for January along with the smaller interest rate hike delivered by the Federal Reserve at its February meeting increased optimism that the central bank can bring price inflation back to 2% without tanking the economy. But the shrinking money supply undercuts this soft landing narrative.

Peter Schiff: Risk On; Economic Understanding Off

We saw a big rotation into risk assets after last week’s Federal Reserve meeting. Then we had another big shock to the markets when the non-farm payroll report came out much stronger than expected. In his podcast, Peter Schiff broke down the market reaction to last week’s events and reveals that while risk was on, […]

Peter Schiff: The Fed Can’t Fight What It Doesn’t Understand

With the Federal Reserve delivering a smaller 25 basis point rate hike at its February meeting, there is a perception that the central bank is nearing victory in the inflation fight. But as Peter Schiff pointed out during his podcast, Jerome Powell made several statements that indicate he doesn’t really understand inflation. That raises a […]

Do You Believe Your Eyes or Your Ears? SchiffGold Friday Gold Wrap Feb. 3, 2023

Do you believe your eyes? Or do you believe your ears? That’s the dilemma you face as you try to make sense of the latest Federal Reserve meeting and Jerome Powell’s messaging. It’s also a question to ask yourself if you’re evaluating the performance of gold over the last year. In this episode of the […]

Is the Fed Easing Up on the Inflation Fight?

Is the Federal Reserve easing off the accelerator on its inflation fight? The answer depends on whether you believe your eyes or your ears.

The Minimum Wage Does More Harm Than Good

There is a relentless push to raise the minimum wage, both at the state and national levels. Minimum wage advocates somehow think that their wishful thinking can override basic economics. But no matter how much they tell you otherwise, supply and demand are a thing. Raising the cost of labor will mean less labor employed, all […]

Peter Schiff: The Federal Reserve Is Nowhere Near Victory

The mainstream is optimistic about both the economy and the Fed’s fight against inflation. In his podcast, Peter Schiff took apart the mainstream narrative, explaining that the economy is much weaker than most people realize and the Fed is nowhere near victory in the war on inflation.

A Teaching Opportunity: SchiffGold Friday Gold Wrap Jan. 27, 2023

With a debt ceiling debate now underway, a dumb idea has once again raised its ugly head – the trillion-dollar coin. This week on the Friday Gold Wrap podcast, host Mike Maharrey uses this so-called “solution” to the debt ceiling problem as an opportunity to teach some economics. In this episode, he also touches on […]

Existing Home Sales Chart Longest Streak of Declines Ever

The US economy runs on money printing and artificially low interest rates. Nowhere is that more obvious than in the housing market. With aggressive rate hikes in its war against price inflation, the Federal Reserve pricked the housing bubble and air continues to seep out. Existing home sales fall for the 11th straight month in […]