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POSTED ON November 23, 2021  - POSTED IN Key Gold Headlines

President Joe Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve.

Biden said Powell’s “steady leadership” helped calm markets as governments shut down the economy due to coronavirus, and he expressed confidence in Powell’s future leadership. “I believe Jay is the right person to see us through,” Biden said.

POSTED ON November 22, 2021  - POSTED IN Key Gold Headlines

The Federal Reserve pulled off a magnificent manipulation of the junk bond market, facilitated a massive wealth transfer from savers to speculators, pocketed millions of dollars, and then washed its hands of the matter.

In March 2020, as governments shut down the economy for coronavirus, the Fed slashed interest rates and launched a massive quantitative easing program. But that wasn’t enough, so the central bank took the unprecedented step of announcing it would purchase $750 billion in corporate bonds, junk bonds, bond exchange-traded funds (ETFs), and junk-bond ETFs.

POSTED ON November 19, 2021  - POSTED IN Friday Gold Wrap

The retail sales numbers for October came in even better than expected. The mainstream reported this as fantastic news — proof that the economy is booming. Meanwhile, Janet Yellen went on national TV and put a new spin on the transitory inflation narrative. In this week’s Friday Gold Wrap, host Mike Maharrey explains why you shouldn’t fall for all this mainstream and government spin.

POSTED ON November 18, 2021  - POSTED IN Guest Commentaries

A Peter Schiff put it, double-barrel inflation is locked and loaded. But after yet another month of hotter thane expected CPI, the central bankers at the Federal Reserve continue to insist that inflation is “transitory” and blame it on everything except their monetary policy.

These central bankers lack any sense of self-awareness. If they did, they would recognize, as Ron Paul does, that their policies are a complete and utter failure.

POSTED ON November 12, 2021  - POSTED IN Friday Gold Wrap

The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can still buy into this “transitory” inflation narrative.

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

Much hotter than expected CPI data for October stole the spotlight on Wednesday, but there was more bad news on the inflation front that received less attention. The annual Producer Price Index (PPI) increase in October tied September’s record, as rising producer prices continue to undercut the “transitory inflation” narrative.

POSTED ON November 10, 2021  - POSTED IN Interviews

Despite government officials and central bankers continuing to peddle the “transitory” inflation narrative, the average American isn’t buying it. They feel the squeeze of rising prices in their wallets. And it’s the average American who is hurt particularly hard by the skyrocketing cost of living. Peter Schiff appeared on the Megyn Kelly show to talk about how inflation really hurts working and middle-class Americans.

POSTED ON November 5, 2021  - POSTED IN Friday Gold Wrap

The Federal Reserve wrapped up its FOMC meeting on Wednesday and finally announced the much-anticipated QE taper. The Fed will cut its bond-buying program by about $15 billion a month. But so what? In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the Fed announcement and raises some very important questions.

POSTED ON November 4, 2021  - POSTED IN Peter's Podcast

The Federal Reserve wrapped up its November FOMC meeting on Wednesday and finally did something other than talk. The central bank announced it will begin to taper its massive quantitative easing program.

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