Inflation Brewing: Is Coffee the Next Cocoa?
Cocoa prices have dumped since rocketing to a dramatic peak last month as an El Nino cycle winds down and traders rush out of the illiquid market. For now, depreciating fiat currencies are still...
View ArticleJobs: Household Report is Way Below a Weak Headline Number
The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details,...
View ArticleThe Guard Rails Are Off!: SchiffGold Friday Gold Wrap May 3, 2024
Joel and JD unravel the shocking economic turmoil of the week, spotlighting the catastrophic collapse of Republic First Bank, alarming jobs data, and Powell’s foreboding speech. With the Fed confessing...
View ArticleFalling Full-Time Jobs Points Toward Recession
In April, the U.S. economy added a disappointing 175,000 jobs, falling short of expectations and nudging unemployment up to 3.9% (see current trends here). This signals a slowing economy that might...
View ArticleWhat Will CBDCs Mean for Gold?
With the eventual introduction of central bank digital currency (CBDCs) now seemingly inevitable, there are a lot of directions central banks could take with their digital currency projects that would...
View ArticlePeter Schiff Debates: You Don’t Need to Reinvent the Wheel with Gold
On Friday, Peter participated in an exhilarating debate over the merits of gold and Bitcoin. Professor of economics Nouriel Rabini joined Peter to debate Erik Voorhees and Anthony Scaramucci, two...
View ArticlePeter Schiff: Rate Hikes on the Horizon?
Peter’s back to recap the last week in markets and economic news. This episode starts with April’s dismal stock performance and also discusses Jerome Powell’s most recent appearance. Peter wraps up the...
View ArticleTo Prevent a Banking Crisis, the FED Must Cut
In 2009, 140 banks failed, and a recent report from financial consulting firm Klaros Group says that hundreds of banks are at risk of going under this year. It’s being billed mostly as a danger for...
View ArticleSouth Korea’s New Way to Pursue Safety
While gold bullion is most often sold in bar or 1oz coin form, the Korean retail market is benefitting from gold’s latest success with a very atypical marketing strategy. It has been traditionally...
View ArticleGold’s Up For Mother’s Day: SchiffGold Friday Gold Wrap May 10, 2024
With Mother’s Day around the corner, gold is up almost $60 on the week. Bad jobs numbers and terrible consumer sentiment have soured economic expectations. The Fed is more likely to lower interest...
View ArticleInnovation’s Silent Killer: Progressive Taxation
Innovation has a silent killer… a scourge that America has aided and abetted for over a century. Innovative activity is the backbone of the economy. Because of Google, Honda, and Netflix, life is...
View ArticleNew Schiff Interview: All Inflation Has One Source
On Wednesday, Peter appeared on This Week in Mining with Jay Martin. Jay and Peter discuss the state of the economy, the government’s assault on sound money, and why the mining sector constitutes a...
View ArticleWhy The Establishment Fears a Trump-led Fed
While in office, Trump blamed the Fed for tightening monetary policy. Now members of Trump’s team allegedly plan to give a re-elected Trump more power over the Fed, igniting panic from mainstream...
View ArticleSchiff on Business Matters: Consumers Are in Big Trouble
On Friday, Don Ma interviewed Peter on NTD’s Business Matters. Their conversation focuses on declining consumer sentiment. With GDP and unemployment figures also signaling a recession, a worsening...
View ArticleSix of Eight Fed Inflation Categories are Above the 12-month Trend
This analysis takes the BLS inflation data and recalculates the percentage changes at the category level to get unrounded numbers. The total number ties to the BLS, but it gives more detail at the...
View ArticlePlatinum Enters its Second Year of “Substantial” Deficit
Platinum is entering its second year of substantial deficit, according to the Platinum Quarterly report from the World Platinum Investment Council (WPIC). Report authors labeled the Q1 deficit of 369k...
View ArticleEducational Explosion: The Damage of Unnecessary Advanced Degrees
The percentage of U.S. adults holding an advanced degree increased by over 3% from 2011-2021. This increase in education is assumed to have a crucial role in America’s increasing economic strength over...
View ArticleSchiff on Reinvent Money: Euro on Shaky Ground
Paul Buitink, host of the Reinvent Money show, recently interviewed Peter on debt in Europe, possible futures for various currencies, and government monitoring of crypto and gold. Paul asks Peter which...
View ArticleNot Just the US: Global Debt-To-GDP Ratios Are Skyrocketing
The US national debt is so out of control that, ironically enough, even the Federal Reserve chair has expressed concern about the problem. And while America is among the top contributors, it isn’t just...
View ArticleSchiff vs. Hanke: Who’s to Blame for Inflation?
Last week, Peter debated Steve Hanke, professor of economics at Johns Hopkins University, on inflation, the debt crisis, and the future of the dollar. David Lin hosted the debate on The David Lin...
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