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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
First, I want to express my appreciation to the OCIF Commissioner for her honest admission made during her June 30th press conference. In response to a direct question from a reporter as to whether “Euro Pacific Bank helped its clients commit money laundering and tax evasion?” she replied “that is
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.
A Tale of Two Dollars – Ep 826
· Consumer prices reported hotter than expected. · Dollar is rising on the greater fool theory. · Inflation is not a product of expectations. · It’s good politics to talk about fighting inflation. It’s horrible politics to actually fight it. · Investors sheltering in the U.S. dollar abroad are in
Peter's Blog
Official Statement From Peter Schiff in Response to the OCIF Settlement on Euro Pacific Bank
First, I want to express my appreciation to the OCIF Commissioner for her honest admission made during her June 30th press conference. In response to
Peter Schiff Promises to work with the Puerto Rican Banking Commissioner
July 8, 2022 Peter Schiff Promises to work with the Puerto Rican Banking Commissioner (OCIF) to correct financial capitalization deficiencies, or any other possible regulatory problems
THE FED GIRDS FOR BATTLE
It’s the Fed’s “hold my beer” moment. After more than a year in which Federal Reserve leadership appeared clueless, pollyannish, and indecisive, the Fed is
