Peter's Blog

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).

History is replete with examples of major recessions that were ostensibly caused by mere asset bubbles, like subprime mortgages in 2008. The truth, however, is not so simple. In reality, these downturns are exacerbated and often triggered by disastrous government policy, namely excessive spending and the creation of perverse incentives.

In the latest episode of the Peter Schiff Show, Peter dissects Donald Trump’s dominant election victory and spends most of the show evaluating America’s economic prospects under his second term. He also hits on Bitcoin’s recent price surge and announces a new lawsuit launched against the IRS and other parties responsible for the closing of […]

The halls of power are spooky indeed, for every new president enters a White House occupied for over a century by the ghoulish apparitions of the Federal Reserve. This unnerving reality is manifested in every administration, as bankers both past and present manipulate reality with the spells of interest rates, sprinkling the same old hemlock […]

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. 

In this episode, Peter recounts a brutal week for the markets. He discusses why the size of the Fed’s expected rate cut this month is now more important than ever. With several alarming indicators, including the semiconductor index tanking and an overall dismal jobs report, the market is worried the Fed won’t cut rates by […]

In a stunning show of arrogance, Canada’s Minister of Finance took to X/Twitter to gloat about being the first G7 country to begin cutting interest rates. Chrystia Freeland declared victory over national economic hardship by noting that the country’s central bank led the entire developed world with lower rates, displaying a flabbergasting combination of economic […]

In 2023, an investment bank called B. Riley Financial was one of the most shorted stocks on all of Wall Street. The firm enjoyed the unique position of being one of the most profitable shorts of 2023. Now more than halfway through 2024, B. Riley remains one of the top short trades on the open […]

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 […]

The increasingly desperate, secretive Chinese Communist Party may be powerless to stop the combination of downward trends which, upon passing an event horizon, could trigger a global collapse as the world’s second-largest national economy continues to edge closer to the brink.