Chief Economist & Global Strategist Europac.com, Chairman SchiffGold.com, Founder SchiffSovereign.com, Host SchiffRadio.com, Best-selling Author
Joined July 2009
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1,915 Photos and videos
Pinned Tweet
6 Jul 2020
America was founded by rugged individuals who created government to secure their rights and leave them alone. Americans today want government to violate other people's rights, steal their stuff, and give it to them. The home of the free has become the land of the freeloader.
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A Complete Meltdown Is Coming
youtube.com/watch?v=5sp1minx…
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Make sure to join me and @thesovereignman in Panama City for an information-packed event focused on preparing your Plan B strategy. Failing to prepare is preparing to fail. Sign up soon, as space is limited. schiffsovereign.com/panama
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At May’s pace, the federal government is now spending about $1.6 trillion per year just on interest — roughly the entire federal budget as late as 1997. But as more low-yielding debt matures, soon that number will be north of $2 trillion, nearly 40% of federal tax revenue!
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Jun 13
🔥 A Complete Meltdown Is Coming 🔥
New podcast episode tonight at 9:45pm:
youtu.be/5sp1minxEns?utm_sou…
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Jun 12
The U.S. government ran a budget deficit in May of $293 billion, well above estimates and up 32% from a year earlier. The government also paid a record $133 billion in interest, a 44% YoY jump. Annualized, that's $1.6 trillion in interest, 30% of tax receipts! Disaster awaits!
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Jun 12
Today a federal judge rejected the IRS's request that the court reconsider its decision ordering the IRS to produce records that it has been illegally withholding for years. Those records further evidence an illegal conspiracy among top IRS agents to frame me and destroy my bank.
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Jun 12
With the SpaceX IPO @elonmusk is the first person to surpass J.D. Rockefeller as the richest private citizen ever. However, adjusted for over 100 years of inflation, Rockefeller earned about $2 billion per year in real income. Musk earns nothing. What a difference a bubble makes.
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Jun 11
So far gold successfully retested the March 23 low. While gold traded below that low yesterday and today, it closed the day well above it. Moving slightly below key support to hit some tight sell stops is a bullish sign. Next week's reaction to the Fed announcement will be key.
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Peter Schiff retweeted
Jun 11
Producer Prices in the US rose 4.7% per year over the last 5 years and nearly 26% in total.
2% inflation is a myth.
They won't do it, but the Fed should be hiking rates at the FOMC meeting next week.
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Jun 11
Gold traders are reacting to much higher inflation data as if it means the Fed will have to fight harder to rein it in. But in reality, it means that inflation is running away, as the Fed can't rein it in, since trying to do so would create an unprecedented financial crisis.
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Jun 11
Producer prices spiked 1.1% in May, following a downwardly revised 1.1% rise in April. That's back-to-back months of 14% annualized increases. So far in 2026, the PPI is already up 4%. If this pace continues, it will rise 10% in 2026, matching the 2021 gain, the most since 1980.
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Peter Schiff retweeted
Jun 10
Price Increases over last 5 years...
New Cars: 19%
Groceries: 26%
Family Health Insurance: 27%
Shelter: 29%
Restaurants: 31%
Dozen Eggs: 35%
Home Prices: 35%
Electricity: 40%
Gas Utilities: 41%
Transportation: 42%
Gasoline: 52%
Auto Insurance: 54%
Ground Beef: 64%
Fuel Oil: 69%
Coffee: 108%
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Peter Schiff retweeted
Jun 10
Americans are saving less, borrowing more, and losing purchasing power as inflation outpaces wages. The financial cushion is disappearing.
schiffgold.com/commentaries/…
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Jun 10
Since Trump already declared the greatest victory in the history of war, politically there isn't much to gain from actually winning. If the war ends Trump loses his scapegoat. Trump wants to keep pretending the economy would be great but for the war he had no choice but to start.
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Peter Schiff retweeted
Jun 10
63.
As in 63 consecutive months with US inflation above the Fed's 2% target.
The Fed lost all credibility when it comes to fighting inflation.
Video: youtube.com/watch?v=bXzTqIir…
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Peter Schiff retweeted
Jun 10
Governments Sell Bonds At Record Pace As Global Rates Rise, Spending Soars zerohedge.com/markets/govern…
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Peter Schiff retweeted
Jun 10
Are entrepreneurs and speculators really different? Austrian economics suggests both operate under uncertainty, discover opportunities, and help markets function more effectively.
schiffgold.com/commentaries/…
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Jun 10
.@SenSanders wants the government to seize 50% of AI companies so that people can benefit from their profits. But the only way AI companies can generate profits is if consumers benefit. Profits only result when companies add value to their customers. That's how capitalism works.
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