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Austrian economists agree that the Fed drives both inflation and the business cycle and is accordingly responsible for the Great Recession and our current economy. Given the Fed’s current policy path and America’s political climate, what’s the best way to end the Fed?
Last week Peter appeared on Fox Business with Liz Claman and co-panelist Scott Sperling to react to last week’s FOMC decision to hold rates steady. Peter, Liz, and Scott discuss Jerome Powell’s remarks from the decision, recent movement in gold and the equity market, and how economic growth may be able to offset some of […]
In a widely anticipated move, the Federal Reserve kept its benchmark interest rate unchanged at around 4.3% on Wednesday but signaled potential rate cuts later this year, highlighting policymakers’ growing concerns over slowing economic growth and persistent inflation pressures. Fed Chair Jerome Powell acknowledged that external economists have revised upward their estimates of a recession […]
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.
This week Peter appeared on the Palisades Gold Radio YouTube channel for an interview with host Tom Bodrovics. The duo cover a variety of topics, ranging from the definition of inflation and modern equity markets to economic developments in China and disruptions in the yen carry trade. For more of Peter’s analysis, check out his […]
Elon Musk’s newly established Department of Government Efficiency (DOGE) has ignited fresh calls to verify the United States’ gold reserves, spotlighting a longstanding concern about government openness. Official estimates place America’s bullion at roughly 147.3 million ounces—worth nearly $300 billion at current valuations—safely housed at Fort Knox. However, no outside audit of these reserves has […]
Last week’s inflation data confirms what many economists have been saying for months: the Fed’s inflation target is not achievable anytime soon. In fact, many economic signals suggest the opposite: inflation is here to stay, and even the Fed realizes it.
Last week Peter joined Aaron Hoddinott on the Pinnacle Digest YouTube channel for an interview on Peter’s career, why the Fed can’t get anything right, the perennial gold vs. Bitcoin debate, and Aaron’s disagreements with Peter on the dollar. If you missed it, be sure to check out Peter’s podcast from Sunday!
On Wednesday evening, Peter took to his podcast to cover the week’s big economic headline: inflation is still running hot. In this episode he covers this week’s alarming CPI figures and the political fallout they caused. These metrics highlight just how unprepared Powell and the Fed are for coming stagflation.
As the Fed becomes even more dovish on inflation, average Americans are paying the price on everyday goods and services. The price of beef, in particular, exemplifies the problems that arise when the government tinkers with interest rates and grows deficits with no end.
On Monday night, Peter went live on X Spaces to discuss both Bitcoin and gold’s recent price action and interact with his followers in a Q&A. He dissects the current state of the global economy, lambasts retail investors and Wall Street, and paints a dire picture of fiscal mismanagement.
