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POSTED ON July 1, 2021  - POSTED IN Original Analysis

Markets reacted strongly to what many considered “hawkish” messaging coming out of the June Federal Reserve meeting. But is the Fed really taking a “hawkish” position?

Peter Schiff said the Fed was engaging in a “no stick” monetary policy. And in his Friday Gold Wrap podcast, Mike Maharrey argued the Fed was a dove in hawks clothing, arguing we should look at the Fed’s actions, not the messaging.

POSTED ON June 23, 2021  - POSTED IN Peter's Podcast

Central bankers at the Federal Reserve are talking a lot about what’s going to happen in the future. But what do they really know about what lies ahead?

The fact is, they don’t know a whole lot. But we do know one thing for sure – the debt in the US isn’t going away. It’s only going to increase.

Peter Schiff talked about it in his podcast.

POSTED ON June 18, 2021  - POSTED IN Friday Gold Wrap

The Federal Reserve wrapped up its June meeting this week. The markets are convinced Jerome Powell has gone hawkish. Has he though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the messaging coming out of the FOMC meeting and reaches a completely different conclusion. He also compares and contrasts three competing narratives about the trajectory of Fed monetary policy.

POSTED ON May 26, 2021  - POSTED IN Key Gold Headlines

The US government continues to run massive budget deficits. That means it has to sell bonds to finance the debt. So, who’s buying all these Treasuries?

The Federal Reserve is buying a lot of them as it continues to monetize the ever-growing federal debt. Between March 2020 and March 2021, the central bank monetized more than half of the massive pandemic debt.

POSTED ON May 5, 2021  - POSTED IN Original Analysis

Treasury Secretary Janet Yellen sent markets into a tizzy on Tuesday when she said interest rates may have to rise to keep the economy from overheating with all the government stimulus. But later in the day, she walked those comments back, claiming inflation isn’t going to be a problem and insisting that she wasn’t suggesting or predicting rate hikes.

Yellen’s flipflop is telling. Even if inflation is an issue (and it is), there isn’t a darn thing the Federal Reserve can do about it.

POSTED ON March 9, 2021  - POSTED IN Peter's Podcast

The markets seem to think the Fed is going to fight inflation. They believe that the central bank will pivot to tighter monetary policy sooner than expected as inflation heats up, even though Jerome Powell keeps insisting inflation isn’t really a problem. In a recent podcast, Peter Schiff said that the truth is the Fed is between a rock and a hard place. It couldn’t fight inflation even if it wanted to. Doing so would kill the economy. The only other choice is to surrender to inflation.

POSTED ON February 11, 2021  - POSTED IN Peter's Podcast

On Wednesday, Federal Reserve Chairman Jerome Powell called for a “society-wide” commitment to reaching full employment, calling for “contributions from across government and the private sector.” He said getting people back to work would require “continued support from both near-term policy and longer-run investments.” He also dismissed concerns about debt saying the focus needs to be on the economy’s immediate needs. As Peter Schiff put it in his podcast, Powell handed the US Treasury a blank check.

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