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Peter Schiff: Fed is Still Clueless on Stagflation

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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Columbia University is looking like a terrorist training camp

Columbia University is looking like a terrorist training camp

Columbia, Yale, and NYU are nothing compared to the violence and radicalism that the medieval University of Frankfurt reached in the 1500s. Violence and chaos had become a major problem at nearly all universities across central Europe– especially the German ones– ever since Martin Luther had famously published his Ninety-Five Theses in the

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The Fed’s Game of “Make Believe” Comes to an End

The Fed’s Game of “Make Believe” Comes to an End

It’s barely been a year since the 2023 bank crisis in which several large banks, including Silicon Valley Bank and Signature Bank, failed. At the time, I wrote that the bank failures weren’t over, and that there would be more. But it’s been quiet for most of the last year; the banking system

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Inspired Idiot of the Week: Lina “Genghis” Khan’s Rampage Continues

Inspired Idiot of the Week: Lina “Genghis” Khan’s Rampage Continues

The barbarian chief of the Federal Trade Commission (FTC), Lina “Genghis” Khan, has some of the most bewildering priorities I’ve ever seen. The FTC is the federal government’s most prominent business regulator; yet she doesn’t seem the slightest bit concerned that US economic growth is coming to a screeching halt. Or that stagflation

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

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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Settling the Gold Versus Crypto Debate

Settling the Gold Versus Crypto Debate

In 1972, while excavating to build a factory on the Black Sea coast of Bulgaria, a backhoe operator noticed gold objects glimmering in the bucket of his machine. The construction worker had accidentally discovered the Varna Necropolis. Dating back to around 4500 BC, the jewelry found in this ancient burial site is the

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Inspired Idiot of the Week: California Edition

Inspired Idiot of the Week: California Edition

Veronica Perez was skeptical when city workers found her under the Los Angeles highway overpass she called home. They presented her with an opportunity to move into a private room—a converted hotel room, part of a state initiative where some units were renovated at costs approaching $400,000 each. Before long, Veronica found herself

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This Country is Giving Away 5,000 FREE Passports

This Country is Giving Away 5,000 FREE Passports

Billionaire Peter Thiel has one. Former Google CEO Eric Schmidt has one. Actress Kirsten Dunst has one. Singer Ricky Martin has one. Frankly the list of American celebrities, billionaires, and famous business moguls who have second passports is incredibly lengthy… and those are just the ones that we know about. It’s not panic,

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The US government shattered its own quarterly debt record

The US government shattered its own quarterly debt record

It’s barely six months into the US government’s ‘fiscal year’ (which started on October 1, 2023) and the federal budget deficit is already $1.1 trillion. This number is utterly astonishing. Of course, anyone paying attention to the rapidly dwindling US financial condition knows that the national debt is now hovering around $35 trillion.

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Some thoughts on the cowardice of America’s leadership

Some thoughts on the cowardice of America’s leadership

When the barbarian king Rugila died in the year 434 AD, Roman Emperor Theodosius II likely rejoiced that his mortal enemy was no more. Rugila (and his father Uldin) had been invading and terrorizing Roman territory for decades; but the Empire was so weak at that point that Theodosius was powerless to stop

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These powerful Inspired Idiots will take us back to the Stone Age

These powerful Inspired Idiots will take us back to the Stone Age

There’s no limit to how much Inspired Idiots around the world hate oil companies. It seems like almost every day there’s a story about protestors who superglue themselves to the pavement in order to block traffic. Or deface an art museum. Or interrupt a public sporting event. Recently they even glitter-bombed the Constitution

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The Fed Has Lost the Inflation Battle

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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America’s biggest bank sounds the alarm bell

America’s biggest bank sounds the alarm bell

Jamie Dimon, the CEO of JP Morgan Chase, did not open his annual shareholder letter with rosy language about the state of the world, or even enthusiasm about his bank’s record profits. Instead, he describes “yet another year of significant challenges” including the war in Ukraine, war in the Middle East, extreme tensions

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Inspired Idiots: Guess Which 1920s Technology Congress is Mandating?

Inspired Idiots: Guess Which 1920s Technology Congress is Mandating?

Did you hear about the newest vehicle safety feature that Congress wants to mandate? It’s not some AI sensor system, or even a newfangled airbag. Nope. In the minds of literally several hundred lawmakers (from both parties!) the most essential safety feature that should be in your vehicle is… AM RADIO! The “technology”

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