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Peter Schiff appeared on the Capitol Report on NTD News to talk about the bank bailouts and the possible ramifications. He said that no matter what President Joe Biden and others tell you, Americans are going to pay for this. The interview started with a clip of Treasury Secretary Janet Yellen assuring Congress that the […]
The annual rise in the Consumer Price Index (CPI) for February came in at 6%. This was down from the 6.4% annual increase charted in January. The eighth straight monthly decline in CPI seems to have restored faith that the Federal Reserve is winning the inflation fight. But everybody should probably stop and remember that […]
On June 14, 2022, Peter Schiff appeared on Ingraham Angle, and he said, “Thanks to the Federal Reserve, everybody has so much debt that we can’t afford to pay an interest rate high enough to fight inflation. But it is going to be high enough to cause a massive recession and another financial crisis that’s […]
Federal Reserve Chairman Jerome Powell performed some “open mouth operations” on Capitol Hill Tuesday. Powell talked and the markets freaked out.
Despite the hotter-than-expected CPI data for January, most people still seem confident that the Federal Reserve can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come to expect. Friday Gold Wrap host Mike Maharrey does not share this optimism. […]
Peter Schiff appeared on Greg Hunter’s USA Watchdog.com show to talk about inflation and the economy. Peter didn’t paint a rosy picture, explaining that the Federal Reserve is ultimately going to throw in the towel on the inflation fight in order to fight something much worse – economic collapse.
The markets basically shrugged off the hotter-than-expected inflation data for January. Most people remain convinced that the Fed can easily get price inflation back to 2% without wrecking the economy. But in his podcast, Peter explains that stuffing that inflation genie back into the bottle is a lot harder than most people seem to think.
The January CPI report threw cold water on the idea that the Federal Reserve has inflation under control. While the headline annual CPI came down a tick to 6.4%, month-on-month prices rose by 0.5%. After the data came out, Peter Schiff appeared on NTD News to explain why inflation is going to get even worse.
Despite the hotter-than-expected CPI report, the mainstream still seems convinced that the Federal Reserve can get inflation under control and bring the economy to a soft landing. But Peter Schiff argues that the central bank can’t win this fight – at least not without crashing the economy. Since the Fed isn’t willing to do that, […]
You’ve probably heard the saying that history might not repeat, but it often rhymes. If that’s true, looking back at the runup to the 2008 financial crisis and Great Recession should cause concern. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at some of the parallels between then and now. […]
