Latest
Government Can’t Do Anything Right – Ep 834
· NASDAQ loses steam. · Rising gold and silver propels mining stocks. · Food prices increased faster than any month since 1979. · Consumer sentiment among Democrats tumbled to a two-year low. · The Jones Act hurts everyone except the owners of certain ships.
Biden Taunts Public With Inflation Victory Dance – Ep 833
· Wall Street parties on CPI data release. · Minimum wage is bad economics. · Democrats prepare to shakedown the middle class while protecting the billionaires and millionaires.
Official Statement From Peter Schiff in Response to the OCIF Settlement on Euro Pacific Bank
August 15, 2022 STATEMENT BY PETER SCHIFF ON SETTLEMENT WITH OFFICE OF PUERTO RICAN BANK COMMISSIONER (“OCIF”) https://staging-schiffradio.kinsta.cloud/ocif-settlement/ First, I want to express my appreciation to the OCIF Commissioner for her statement made during her June 30th press conference. In response to a direct question from a reporter as
The Truth Behind the Strong Job Market Hype – Ep 832
· Jobs report evidences a weak, not strong, economy. · Putin delivered price cuts, not price hikes. · Going into debt is not a sign of prosperity. · More people jobless than ever before. · Gold market shows strength.
Damn the Recession, Rate Hikes Ahead – Ep 831
· Treasury yields surge. · Fed forgets about inflation averaging. · Households take on all time record debt. · Nominal wages are going up, but real wages are collapsing. · China can do more damage to our economy without harming Nancy Pelosi. · Buy gold before the Chinese beat you
U.S. in Recession Amid Weak Labor Market – Ep 830
· U.S. goes into recession; Biden and Fed deny it. · Media goes along with redefining recession. · The Inflation Reduction Act will increase inflation. · Forex and gold investors finally figuring things out. · Bond investors still clueless.
Powell Gets Democrats’ Memo to Redefine Recession – Ep 829
· Fed meets market expectations with 75 basis point rate hike. · Jerome Powell sidesteps recession questions. · Walmart confirms consumer weakness. · Gold may have found a bottom. · Gold miners rally. · Any rally in Bitcoin is a selling opportunity.
Recession Deniers Waking up to Reality – Ep 828
· More data pointing to a worsening economy. · ECB hikes rates for first time in 11 years. · Dollar looks to have topped out. · Gold looks to have bottomed. · Tech companies hurting as advertisers flee.
Unwarranted Optimism Lifts Stocks, Pressures Gold – Ep 827
· U.S. stock markets rally. · Home builder sentiment will go from new highs to new lows. · Elon Musk dumps Bitcoin. · Taxes in California are higher than Sweden. · American standard of living has declined since the 1960’s.
Peter's Blog
AMERICAN PRESTIGE LEFT STRANDED IN AFGHANISTAN
In the 50 years since Richard Nixon officially severed the dollar’s link to gold, many have claimed that the greenback’s strength rests primarily on America’s
BIDEN’S HOUSING GAMBIT
The “transitory” inflation swamping the country has stubbornly persisted into July. This week it was announced that producer prices posted a second straight 1% month-over-month
HOW TRANSITORY IS TRANSITORY?
What exactly is “transitory?” You and your wife may disagree on its meaning when your old friend asks if he can stay with you while
