Author: Peter Schiff

Peter Schiff is a best-selling writer and economist who is one of the few forecasters who accurately and publicly predicted the 2007 housing market collapse, plus the subsequent 2008 financial crisis. His career began with Shearson Lehman Brothers, after which he started his own investment firm, Europacific Capital, in 1996. Peter is also the founder of Euro Pacific Funds (EPAM), a company dedicated to providing global investment solutions, and Schiff Gold, a company specializing in precious metals. He served as an economic advisor to Ron Paul’s 2008 presidential campaign and later ran for the United States Senate in his home state of Connecticut. Peter has written numerous books, including Crash Proof: How to Profit from the Coming Economic Collapse, which predicted the 2008 Global Financial Crisis in significant detail.

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Peter Schiff: The Fed’s inflation reading is hilariously wrong

“Americans are feeling uneasy for reasons that are hard to pin down,” quipped economist Paul Krugman in a New York Times interview published earlier this week. Reasons that are hard to pin down? Bear in mind that this man received a Nobel Prize– our society’s most prominent award for intellectual achievement. Yet he

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Peter Schiff: Don’t buy the Fed’s celebratory gunfire

Did you hear the cheering in the streets? The celebratory gunfire coming from the Federal Reserve? The champagne bottles across Wall Street being uncorked? What’s got people so excited today is the monthly CPI report— which showed consumer prices increasing by ‘only’ 3.4% year-over-year. And core inflation, which strips out food and energy

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Peter Schiff: Fed is Still Clueless on Stagflation

In June 2022, when inflation was raging at over 9% in the US, Fed Chairman Jerome Powell admitted to a reporter, “we now understand better how little we understand about inflation.” “Uh, that’s not very reassuring,” the reporter chuckled. Talk about an understatement. The Fed Chairman has the power to control virtually everything

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Peter Schiff: Stagflation is here, but they’re still clueless

According to this morning’s dismal publication from the US Bureau of Economic Analysis, US GDP growth crashed to just 1.6%, while inflation keeps rising at a 3.4% rate. And ‘core’ inflation, which excludes food and energy, was up even higher at 3.7%! All of these numbers are much worse than expected… and frankly

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The Fed Has Lost the Inflation Battle

[Note from James: The first thing I did this morning when I saw the US government’s latest inflation numbers was to call my friend and partner Peter Schiff to enjoy a good rant about how the Fed has completely lost the war with inflation. Peter’s thoughts are below, and I agree entirely.] Bill

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