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Tag Archives: Monetary Policy

Peter Schiff and Ben Shapiro: The Government Is Wrecking the Economy

In many ways, it appears the economy is beginning to recover from the shocks of the coronavirus pandemic. GDP growth is way up. The stock market is soaring.  A lot of people are optimistic. But during an appearance on the Ben Shapiro Show, Peter Schiff said this isn’t a real recovery, and he explains how all of the government “help” is actually wrecking the economy, distorting the job market and destroying the dollar.The economy is actually sicker now than it was before COVID. And what’s...

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Ron Paul: Fed Inflation Is Propping Up Big Government Spending

Inflation came in hot in April. Initially gold sold off on the news. But over the following week, there appears to have been something of a pivot in the market. Gold and the dollar both started behaving as one would expect in an inflationary environment. Peter Schiff said it looks like investors are starting to worry the Fed won’t fight inflation after all.The markets have been by and large operating on the assumption that the Fed would stick to its playbook and tighten monetary policy to...

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Inflation: True and False

With the recent report that the Consumer Price Index (CPI) rose by 4.2 percent in the twelve-month period from April 2020 to April 2021, many people have started to worry that worse is to come. Many have used the feared C-word: Carter. Recall that during the Carter administration, in the forty-eight months between his inauguration on January 20, 1977, and Ronald Reagan’s inauguration on January 20, 1981, inflation measured by the CPI averaged 10.4 percent annually....

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The Big Pivot? SchiffGold Friday Gold Wrap Podcast May 21, 2021

After last week’s hotter than expected CPI data, gold sold off, following a pattern we’ve seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been a broader pivot in the market that could indicate the mainstream is ready to face the reality of inflation. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the big pivot. He also discusses some bullish fundamentals in the silver market.The SchiffGold...

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Peter Schiff: Investors Are Starting to Worry the Fed Won’t Fight Inflation

We’ve been talking about the inflation threat for months. But the markets have been acting as if the real threat is the Federal Reserve trying to fight inflation by tightening monetary policy. With every bit of inflation news, gold has sold off. But after last week’s hotter than expected CPI data, it looks like investors may be starting to see the light and realizing that the central bank can’t fight inflation. Peter Schiff talked about this apparent pivot in a recent podcast.Earlier this...

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Peter Schiff: The Surplus of Printed Dollars Is Driving Price Inflation

The Consumer Price Index came in much hotter than expected last week. The mainstream chalks rising prices to supply chain and production issues caused by the pandemic. But in a recent interview on NTD News, Peter Schiff says there’s more to it than that. Prices are rising because a surplus of printed dollars is bidding up prices.It’s not that a slowdown in production is irrelevant.I was talking about this early on in the pandemic. A lot of people weren’t going to work, and so they weren’t...

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Trillions in Newly Printed Money Created a Labor Shortage

The unemployment rate ticked up to 6.1% in April despite businesses all over the country struggling to hire workers. But as Peter Schiff pointed out, you don’t need a job to spend printed money handed out by the government.The Federal Reserve is supposedly stimulating the economy as it prints trillions of dollars out of thin air and the U.S. government hands it out for people to spend. But Ryan McMaken at the Mises Institute argues that it’s really doing the exact opposite. In fact, the...

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The Government Can’t Stimulate Us to Prosperity

The economy is booming again – or so we’re told. Trillions in stimulus have juiced consumption and created the illusion of prosperity. But in truth, Americans are simply spending printed money on stuff they didn’t produce. Peter Schiff recently said America’s consumption economy is really a bubbleThe problem is, economies can’t run on consumption. A vibrant, healthy economy needs production. Stimulus does nothing to boost production. In fact, it completely warps the production...

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Peter Schiff and Tucker Carlson: The Financial Crisis Will Be Worse Than the Pandemic

Consumer Price Index (CPI) data for April came in much hotter than expected. Year-on-year, inflation is up 4.2%. The big number even prompted Federal Reserve Vice Chairman Richard Clarida to say, “We were by higher than expected inflation data.”Peter Schiff appeared on Tucker Carlson’s show to talk about the consequences of more printed money chasing fewer goods. Peter said inflation is going to hit the middle class harder than the pandemic.Peter said this hot CPI print is a cause for...

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Surprise! Not! SchiffGold Friday Gold Wrap May 14, 2021

CPI came in much hotter than expected. Fed Vice Chairman Richard Clarida actually said, “We were by higher than expected inflation data.” But should we really be surprised by this? In this episode, Friday Gold Wrap host Mike Maharrey talks about inflation and suggests maybe you shouldn’t be shocked. He also discusses the whacked-out labor market.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You...

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