Peter's Blog

Peter Schiff: Americans Paying for Big Government Through the Inflation Tax

Rapidly rising prices put the squeeze on everybody’s wallets. A recent study showed that inflation is hitting rural Americans particularly hard. According to the Iowa State University report, people in rural areas now spend 91% of their income on expenses alone. Peter Schiff recently appeared on Rob Schmitt Tonight to talk about the pain of […]

Is the Federal Reserve at the End of Its Rope?

The Federal Reserve delivered another 75 basis point interest rate hike at its July FOMC meeting. This pushes the federal funds rate over the 2% threshold to between 2.25% and 2.5%. The mainstream media emphasized the size of the hike. One headline called it “a second super-sized hike,” with many other mainstream pundits noting that […]

Consumer Confidence Hits 19-Month Low

The White House is desperately trying to convince everybody there isn’t a recession, but the average American doesn’t seem to be buying the narrative. Consumer confidence plunged to the lowest level since February 2021 in July, according to the latest survey by the Conference Board.

Peter Schiff and Laura Ingraham: The White House Recession Denial

The economic data indicates that the US economy is already in a recession. The Biden administration wants you to think otherwise, and the White House has come up with an interesting way to deny the recession reality. Just change the definition of a recession. Peter Schiff appeared on the Ingraham Angle with Lauren Ingraham to […]

Tanking Housing Market a Red Flag for the Broader Economy

It’s getting harder and harder to deny recession reality. Even as the Biden administration tries to spin itself out of that reality with a propaganda campaign, many in the mainstream seem to be waking up. On Monday (July 25), Reuters reported that the tanking housing market is a red warning flag signaling a recession.

Peter Schiff: It’s Getting Harder to Deny Recession Reality

It’s getting harder and harder for recession deniers to justify their optimism. And some people seem to be waking up to that reality. Late last week, we got more economic data and corporate earning news that proves the economic optimism that’s been bandied about for months is unfounded.

Words Matter! SchiffGold Friday Gold Wrap July 22, 2022

We’ve heard all kinds of excuses for inflation. It was COVID. It was Putin’s price hikes. It’s greedy corporations. This week, we learned it’s the millennials’ fault. As host Mike Maharrey explains in this week’s Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? […]

Ron Paul: Everybody Is Feeling Inflation Pain, Even Penguins

Inflation is off the chain. The CPI rose by 9.2% on an annual basis in June. As Ron Paul explains, everybody is feeling the pain. Even penguins.

Does the Jump in Retail Sales Mean the Economy Is OK?

Retail sales rose 1% in June after a 0.1% decline in May. Mainstream media breathlessly reported that the jump in retail spending “eases” recession fears. Does it though?

Producer Prices Close to Record Levels in June

If you’re hoping red-hot inflation will cool down significantly in the coming months, you’re probably going to be disappointed if producer prices provide any indication.