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The author Peter Schiff
Peter Schiff
Peter David Schiff (born March 23, 1963) is an American financial analyst, stockbroker, author, and one-time Senate candidate. He has appeared as a guest on numerous financial television shows and has been quoted in major print publications as a financial analyst and economist. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts.

Peter Schiff

Peter Schiff: Inflation Coming in Hot

Federal Reserve Chairman Jerome Powell keeps telling us not to worry about rising prices, assuring us that any increase in price inflation is “transitory.” It appears most of the mainstream is buying this hook line and sinker.The March CPI number was expected to come in hot due to a much lower baseline. Prices tanked last March as governments locked down their economies. As a result, economists expected the year-on-year CPI comparison to show a big increase. But the increase was even...

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US Stimmy Checks Support Foreign Manufacturing Economies

What do you get when you hand Americans big fat stimulus checks after decades of offshoring the country’s manufacturing economy?Massive trade deficits. The proof is in the numbers.The overall trade deficit expanded by 87% in February to $71.1 billion, according to the latest Census Bureau data.The trade deficit in goods hit another all-time record of $88 billion in February. Imports of goods jumped 10.3% year-on-year $219 billion. Exports of goods sagged 5.2% to $131 billion.In the past,...

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Peter Schiff: We’re on Autopilot Down the Road Toward Inflation

During his recent 60 Minutes interview, Federal Reserve Chairman Jerome Powell reiterated that he thinks any spike in price inflation will be transitory. As he put it during the interview, we may see “temporarily higher prices but not persistent inflation.” Peter Schiff appeared on to talk about Powell’s view on rising prices. He called the Fed chair’s position, “laughable.”Peter said in the first place, contrary to popular opinion, we don’t actually have an economic recovery.What we...

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Budget Deficit Surges to Record $1.7 Trillion in Just Six Months

The US government ran a budget deficit of $659.59 billion in March, pushing the budget shortfall to a record $1.7 trillion through the first half of fiscal 2021, according to the Treasury Department’s Monthy Treasury Statement.The March budget deficit ranks as the third biggest monthly shortfall in US history, driving Uncle Sam the biggest half-year deficit ever.Prior to last year’s stimulus-fueled $3.13 trillion deficit, the US government had only run annual deficits over $1 trillion...

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Peter Schiff: Jerome Powell Making Promises the Fed Can’t Keep

Jerome Powell was on 60 Minutes Sunday to reassure us that everything is great and the economy is in fine shape thanks to the Fed. He went on to guarantee the Fed’s indefinite economic support while downplaying inflation. Powell made a lot of promises, but as Peter Schiff breaks it down in his podcast, it becomes clear they are promises the Fed can’t keep.Powell closed out the interview with a guarantee. The Fed is will support the economy for as long as it takes to complete the recovery....

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The Powerful Case for Silver: Free Updated and Revised Report

Silver enjoyed a brief moment in the limelight earlier this year when the so-called “Reddit Raiders” turned their attention to the white metal. The spotlight has dimmed somewhat, but there are still plenty of reasons to be bullish on silver. Our fully revised and updated report provides an in-depth overview of the silver market and explains why silver may be one of the best investments of the year.The hope of the Reddit Raiders was to create a short squeeze in the silver market by buying...

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US Consumer Debt Spiked in February

Apparently, those stimulus checks weren’t enough. American consumers pulled out their credit cards and ran up big balances in February.According to the latest numbers from the Federal Reserve, consumer debt unexpectedly spiked in February, growing at an annual rate of 7.9%. Economists had expected a small uptick in consumer debt after a flat January, but the sudden surge in credit card spending came as a surprise.American consumers have piled up over $4.21 trillion in debt. This is...

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Fun on Friday: Nice “Work” If You Can Get It

Unemployment is at 6%. Tens of thousands of people apply for unemployment every week (744,000 last week alone). The US government is spending trillions of dollars to “stimulate” the economy. But restaurants in northeast Florida can’t find enough workers to open every day.Does this sound a nutty to you as it does to me?And yet, this is absolutely true! There’s a worker shortage here on Florida’s First Coast.I live close to Amelia Island. The good news is that tourist season has arrived and...

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When Doves Cry: SchiffGold Friday Gold Wrap April 9, 2021

Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank’s dovish position. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed’s dovish cry and how this could play out. He also discusses a strange dichotomy in the unemployment numbers.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled...

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Central Banks Add Over 8 Tons of Gold to Reserves in February

Despite a significant selloff by Turkey, central banks globally added a net 8.8 tons of gold to their reserves in February, according to the latest data compiled by the World Gold Council.Gold-buying by central banks slowed last year from the record pace we saw in 2018 and 2019, and that trend has continued into 2021, but many countries continue to load up on the yellow metal. Turkey and Russia’s sales through the first two months of the year have pushed net central bank reserves down,...

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