Peter Schiff – X, Released on 3/11/24 The #NationalDebt just surpassed $34.5 trillion, up over $100 billion so far in March. At this rate the National Debt will rise $300 billion during the month. That's a annual pace of $3.6 trillion. Rising deficits will likely push the National Debt over $40 trillion by next year! […]
Peter Schiff – X, Released on 2/22/24 As investors prematurely celebrate the death of #inflation, oil prices are quietly rising, up 10% so far this year. A much larger rise looks imminent. Also, bonds are quietly breaking down while #gold looks poised to break out. These markets all indicate that inflation lives on. — Peter […]
Peter Schiff – X, Released on 2/5/24 #Trump seems to believe that #inflation is a problem because the U.S. isn't drilling enough #oil. If Trump doesn't cut government spending, something he failed to do during his first term, inflation will get much worse under his presidency, no matter how much oil we drill baby. — […]
Peter Schiff – X, Released on 10/26/23 If you think this can't happen to the U.S.A., think again. At one time Argentina was one of the richest nations in world. On a per capita basis I think personal income was once the highest in the world. Ironically, reserve currency status means we're a victim of […]
Peter Schiff – X, Released on 10/19/23 It's clear that bond investors have lost confidence in the #Fed's ability to bring #inflation back down to 2%. That's why 30-year Treasuries are now yielding 5.1%. But 5.1% is not nearly high enough to offset 30 years of high inflation. So bond yields are headed much higher […]
Schiff Gold, Released on 10/2/23 The banks are in worse shape and more vulnerable to the housing market now than they were in 2007 when everything collapsed and we had the financial crisis.” Continue…
Peter Schiff – X, Released on 9/11/23 The loss of life 22 years ago was tragic, but the damage to American liberty was not inflicted by the terrorists who murdered our people, but by the U.S. government, which exploited their deaths to usurp more power, leaving Americans significantly less free than we were before. — […]
Peter Schiff – X, Released on 8/31/23 Consumers spending more and saving less means the #Fed is not making any real progress in fighting #inflation. Reducing inflation requires consumers to spend less and save more, the opposite of what's happening. Much larger interest rate hikes are required to force this change. — Peter Schiff (@PeterSchiff) […]