Peter's Blog

On his latest podcast, Peter runs through a wide range of topics, starting with the Federal Reserve’s confused approach to interest rates and inflation. He then pivots to Brazil’s election and what it reveals about the false promises of democratic socialism, before turning to domestic politics and the hollow nature of Republican tax cuts that […]

Oil above $100 is creating a new inflation problem for the Fed Oil has earned its reputation as black gold, but unlike the precious metal, this liquid gold is consumed. It fuels the trucks delivering groceries. It fuels tractors harvesting crops. It moves people around the world. But when its price rises, the effects don’t […]

Inflation rose to 3.7% in September, up from 3.4% in August and above economists’ expectations. Gasoline prices are up more than 34% over the past year, while shelter costs have risen just 3.2%, according to the Bureau of Labor Statistics. While that’s a big difference, there’s another difference not getting enough attention: the inflation rate […]

Imagine running a business where every time you sell a product for one cent, you spend four cents manufacturing. You’d probably reconsider your operating model quickly. The United States government took many years to reconsider a similar situation.  For years, the U.S. Mint produced pennies that cost more to manufacture and distribute than their face […]

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money […]

In a recent interview with Mario Nawfal, Peter explains why investors have the gold trade backwards, arguing that rising rates are actually bullish for the metal rather than bearish. The duo connects America’s economic weakness to Trump’s sagging approval numbers and explores how China’s gold accumulation and US policy blunders are accelerating the world’s move […]

Interest on the national debt now consumes roughly 43 cents of every income tax dollar Washington collects, and the government now spends more servicing its debt than funding the military. Defenders of perpetual deficits insist the debt is harmless because “we owe it to ourselves,” but that comforting phrase hides the reality that taxpayers are […]

The Federal Reserve’s first rate hike since 2023 has done little to tame rising prices, with September’s CPI report showing both headline and core inflation accelerating well above the Fed’s two percent target. With wage growth falling short of price inflation for the sixth consecutive month, American workers are watching their purchasing power erode under […]

In Wednesday’s podcast, Peter dismantles the Federal Reserve’s inflation-targeting framework and walks through how recent economic data reveal a much darker picture than the mainstream narrative suggests. He covers everything from the absurdity of the Fed’s “inflation catch-up” policy to disappointing GDP comparisons under Trump, before warning listeners that a historic financial reckoning is on […]

Peter recently joined the Commodity Culture podcast to break down the recent pullback and consolidation in gold prices, and why he sees the metal’s long term trajectory still pointed higher. He also discusses silver’s historic breakout, the mounting debt burden weighing on economies worldwide, and compares American entitlement programs to a wheelbarrow with too many […]