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Tag Archives: inflation

Yellin’ at Yellen: SchiffGold Friday Gold Wrap May 7, 2021

Treasury Secretary Janet Yellen did a big flip-flop this week. Her comments and her subsequent attempt to walk them back were telling. She accidentally revealed the ugly truth about inflation and the central bank’s ability to deal with it. In this episode of the Friday Gold Wrap, host Mike Maharrey takes Yellen to task. He also talks about the recent rally in both gold and silver.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled...

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Sprott’s “Nature’s First Green is Silver”

BY Paul Wong | Tuesday, May 4, 2021 Gold Gains 3.60%, Silver Climbs 6.14% April provided precious metals markets redemption from a challenging first quarter, with gold finishing the month at $1,769.13 per ounce, rising 3.60%. Silver rose 6.14%, platinum climbed 1.34% and palladium gained 11.95%. Gold mining equities added 6.16%. For the twelve-month period ended April 30, 2021, gold climbed 4.90%, silver gained 73.13%, platinum rose 54.85%, palladium returned 49.25% and gold equities...

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Yellen Sees No Inflation Problem…

A Pfennig For Your Thoughts May 6, 2021 * Currencies & metals rally in the overnight markets* Sam Zell finally bellies up to the Gold window…  Good Day… And a Tub Thumpin’ Thursday to one and all! Well… This is going to be a short one today folks, I’m beat, draggin’ the line, and feeling like death warmed over… I won’t opine too much because there was nothing going on yesterday in the currencies… And besides, I just don’t feel like putting my mind to work this morning… I’m sure I’ll be...

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Peter Schiff: The Fed Can’t Tell the Truth About Inflation

Inflation is the word of the day.We’ve been talking about inflation for months, but now the mainstream is starting to pay attention to rising prices. In corporate board rooms, board members are talking about passing along their increased costs to their customers. Consumers are trying to tighten budgets. But the Federal Reserve keeps telling us there isn’t a problem. Inflation – so we’re told – is transitory. In his podcast, Peter Schiff said the central bankers at the Fed to tell us that...

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Janet Yellen’s Flip-Flop and What She’s Really Telling Us

Treasury Secretary Janet Yellen sent markets into a tizzy on Tuesday when she said interest rates may have to rise to keep the economy from overheating with all the government stimulus. But later in the day, she walked those comments back, claiming inflation isn’t going to be a problem and insisting that she wasn’t suggesting or predicting rate hikes.Yellen’s flipflop is telling. Even if inflation is an issue (and it is), there isn’t a darn thing the Federal Reserve can do about it.Yellen...

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Peter Schiff: CPI Is a Lie!

We’ve been talking a lot about the specter of inflation. Despite the Fed’s assurances not to worry because any price increases we’re seeing are transitory, some people are indeed worried. A former JP Morgan managing director warned about inflation and echoed Peter Schiff’s view that the central bank is powerless to fight it.And we’re seeing rising prices all over the place, from the grocery store to the gas station. Even the government numbers flash warning signs. But as Peter Schiff...

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Peter Schiff: The Fed Cheats to Avoid Getting an ‘F’ on the Economy

A lot of the economic data that came out last week looked pretty good. GDP growth came in big in the first quarter. Personal income rose by a record amount in March. The mainstream spun it all as positive, raving as if the economy is earning an ‘A.’ But in his podcast, Peter Schiff argues that the only reason the economy isn’t getting an F is because the Federal Reserve is cheating on the test.Dallas Federal Reserve President Robert Kaplan made some comments Friday that...

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This Economy Is Jacked Up! SchiffGold Friday Gold Wrap April 20, 2021

There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of the Friday Gold Wrap, host Mike Maharrey gives an overview of the week’s news and draws a rather unsettling conclusion — this economy is totally jacked up.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful...

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Jerome Powell: Same Old Song and Dance

The Federal Reserve wrapped up its April meeting yesterday. Again, there were no changes in actual policy, leaving everybody to try to parse out meaning from the FOMC’s statement and Jerome Powell’s post-meeting press conference.When you boil it all down, it was pretty much the same song and dance from  Federal Reserve Chairman Jerome Powell.In a tweet, Peter Schiff said these FOMC statements have been stripped of any real news value.Everyone knows what the Fed is going to say, as it’s...

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Some Non-Covid Links

Writing in the New York Times, Peter Suderman of Reason is rightly critical of the lameness of the GOP’s opposition to Biden’s rampaging statism. A slice: And this points to the deeper problem: The Republican Party, at the very least, lacks a coherent sense of what economic policy and legislation should do and what it is for. Because it has no theory, the Republican Party cannot offer much in the way of a critique of Democratic governance. It’s not as if there aren’t arguments to make:...

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