Peter Schiff: Tapering the Taper Talk

I mistakenly said the Fed only lowered interest rates to 1% following the 2008 financial crisis, when it was after the Dot com bubble burst that the Fed stopped at zero. 

1% was the rate that inflated the financial bubble. Rates went to zero for the first time following during the financial crisis.

- Source, Peter Schiff

Peter Schiff: Less Loose Is Not Tight

Fed will talk about tapering until it can use Delta as an excuse not to. Bitcoin is irrelevant to monetary policy. 

Accepting Bitcoin for mortgage payments is a publicity stunt, not a use case. 

Fed uses owner’s equivalent rent data to hide the scarier actual rent data. FDR may have killed the dollar, but Nixon helped bury it.

- Source, Peter Schiff

The Schiff Report: The Day the Dollar Died

Remembering August 15th, 1971, the day Nixon officially closed the gold window, killing all that remained of honest money. 

The gold dollar died and the fiat era was born. The Schiff Gold promotion ends Friday Aug. 20th.

- Source, The Schiff Report

Stimulus Even Harder to Exit Than Afghanistan

Markets spooked by CNBC interview with Boston Fed President. Higher inflation leads to more poverty and a wider wealth gap. 

Food stamps are really money stamps. 

Media campaigns to soften up the public to inflation. Stimulus postponed the pain for some, but it’s about to come due. 

Jerome Powell warns Americans to prepare for a recession. Fed created a dollar crisis in response to the looming financial crisis.

- Source, Peter Schiff

Peter Schiff: Fifty Years of Fiat Failure

Rising costs increasing producer pricing. 

US home prices rising at fastest pace in history while affordability hits record low. 

Trade deficit continues its path higher. Inflation exposed in increased export prices. 

The whole of this tightening cycle will be all talk and no rate hikes. 

Consumer sentiment goes lower as consumer prices go higher. 

Fed in Catch-22 with consumer sentiment. 

We left the gold standard 50 years and may soon leave the dollar standard.

- Source, Peter Schiff