Peter Schiff recently appeared on Fox Digital and poured a bucket of cold water on those who believe the Federal Reserve is winning the inflation fight. In fact, the Fed isn’t making any progress at all.
Peter Schiff recently appeared on the Capitol Report on NTD News to talk about the state of the US economy. He explained how government spending has created the price inflation Americans continue to struggle with, and how it has bankrupted the United States.
We’re kicking off Labor Day weekend. That means you’re going to hear a lot of rhetoric about how the government needs to do more for workers. But as Friday Gold Wrap host Mike Maharrey explains, we don’t really need better government policies for workers. We need better money for everybody. He also talks about tanking consumer confidence in this bubble economy.
Gold is nature’s money.
Aristotle listed four characteristics of sound money: it must be durable, portable, divisible, and have intrinsic value. Gold possesses all of these characteristics, which is why gold has served as money for thousands of years.
Labor Day is coming up. That means we will hear a lot about the plight of American workers. And we will undoubtedly hear calls for new policies to help make their lives better. But we don’t really need more government policies to help workers.
We need better money.
President Biden might be optimistic about the economy. Federal Reserve Chairman Jerome Powell might be optimistic about the economy. But the average American?
Not so much.
There is a growing consensus that the Federal Reserve can slay price inflation while guiding the economy to a “soft landing.” In fact, Fed economists now project the US economy will not spin into a recession. Other mainstream pundits and prognosticators have taken up this narrative. But there are plenty of reasons to doubt it.
Federal Reserve Chairman Jerome Powell delivered his annual speech at Jackson Hole on Friday. Peter Schiff broke the speech down in his podcast and said the speech itself was full of holes.
It wasn’t so much what he said, but what he left out.
The national debt has climbed to a staggering $32.7 trillion. In just the first two months after Congress reached a deal and suspended the debt ceiling for two years, the national debt surged by $1.2 trillion.
And there is no end in sight.
Peter Schiff recently appeared on Real America with Dan Ball to talk about Bidenomics and the impact of inflation. Peter said Bidenomics is a disaster and price inflation isn’t beat. In fact, it will continue to increase as long as the government keeps borrowing and spending.
Dan opened the interview pointing out that despite cooling CPI, prices still seem to be rising in the real world. Peter pointed out that CPI was deliberately redesigned in the 1990s to understate price inflation.
