August 30, 2009

Bernanke Has Done An Horrific Job

He has done an horrific job as Fed chairman. Certainly if you want to say he's done a good job in temporarily easing the pain, he's done that. But with major negative long-run consequences. He's simply repeated the mistakes of Alan Greenspan, who did the same thing, who inherited a busting stock market bubble in a recession. And he “saved the economy.” He made sure that the recession of 2001 and 2002 was very mild. Yet the actions he took to do this is the reason that we had all the problems in 2008.

We would never had a housing bubble, we wouldn't have had a sub-prime mortgage crisis, had it not been for what the Fed did to ease the pain of that recession. And that, of course, was why Greenspan was so widely heralded as the greatest Fed chairman ever, when I correctly labeled him the worst Fed chairman ever. Now Ben Bernanke is receiving accolades for making the same mistakes.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 29, 2009

The Cost Of Low Rates Will Be A Currency Crisis

Peter Schiff, president of brokerage Euro Pacific Capital, says that by nominating Bernanke for another term Obama is "rewarding failure," adding that "the cost of low rates will be a major currency crisis which undermines what remains of our economy." in Business Week

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 24, 2009

The Current Crisis Is Payback For A Decade Of Reckless Monetary Policy

"The current crisis is payback for a decade of reckless monetary policy. The recession is not the problem, the recession is the cure. It's not fun, just like heroin withdrawal is not fun ...... but it's necessary." in Hartford Courant

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 22, 2009

This Recession Was Necessary

"As painful as it is, this recession is necessary. We're never going to have a vibrant economy if we keep concentrating on reflating a busted bubble." Peter Schiff on NewsMax

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 20, 2009

Fox Business interview, August 20

"Warren Buffett thinks that the best way to get out of debt is to go deeper into debt but I agree with his premise that the dollar is going down"

"By the time Obama gets is running for re-election oil prices will be well above 200 dollars a barrel"

"Inflation is the growth of money supply"

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 19, 2009

Schiff On MoneyNews

In a recent interview with Money News, Peter Schiff, who predicted the current economic collapse a few years ago, sees the U.S. having double-digit inflation in the next two or three years.

Schiff, like Marc Faber, could see the US with Zimbabwe-style inflation, where the Zimbabweans bring barrels of money to pay for a loaf of bread. Schiff has been on many networks such as CNBC, CNN, Fox News and other investment programs to warn people that “As painful as it is, this recession is necessary. We’re never going to have a vibrant economy if we keep concentrating on reinflating a busted bubble.”

In 2008, the potential Connecticut Republican Senate candidate exclaimed that bailouts and government stimulus plans are going to exacerbate the problem(s) facing the United States economy.

In the middle of the interview, Schiff cites the slashing of interest rates in 2001 and 2002, “We stimulated our way out of that recession into this depression.” He criticized the government and the Federal Reserve artificially lowering the interest rates to Japan-style rates. Schiff further added that the government is doing the wrong thing in encouraging consumers to buy more and bailing out companies because it will only make the problem a lot worse than it already is. “The government is taking money away from people who are doing it right and giving it to people who are doing it wrong. That’s a recipe for disaster. Why should successful companies be punished to bail out unsuccessful companies?”

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 18, 2009

CNBC Video Interview: The primary Trend Is Still Down


Highlights: "We are worse then we were 6 months ago", "The primary trend is down", "The market is overextended"

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Washington Needs People From The Private Sector

“We need citizens, people who are in the private sector, to come to Washington, to really get a job done, and then to leave,” Peter Schiff told Newsmax TV’s

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 15, 2009

Fox Business Video Interview



Topics: free markets, healthcare, medicare, government, affordable healthcare, employer provider healthcare;

"Free markets are the best way to supply goods, including healthcare" Peter Schiff

"Insurance is something you purchase to protect against a risk" Peter Schiff

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 12, 2009

MSNBC Video Interview


Schiff articulates clearly that the financial crisis has passed but the economic one is still squarely upon us. His targets are moral hazard, Greenspan, Bernanke and the Fed.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

US Stock Market

“In fact, relative to the meteoric rise of foreign stock markets over the past six months, U.S. stocks are standing still. If anything, it is the strength in overseas markets that is dragging U.S. stocks along for the ride."

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Healthcare Reform: Video Interview


Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 10, 2009

Latest FOX Business Interview


Peter Schiff on Fox Business. Topics: Schiff running for Senate.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 5, 2009

Reason.com Interview, August 2009

Latest Peter Schiff interview to the Reason.com magazine: MARKET SEER PETER SCHIFF ON THE U.S. BECOMING AN "ECONOMIC WASTELAND"

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 4, 2009

VideoLog Market Update


VideoLog with market update, August 2009.

Topics: state of the economy, us dollar;

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 2, 2009

CNBC On The Economy And The Stock Market


Latest Peter Schiff comments on the stock market. CNBC, July 31 2009.


Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.