October 30, 2009

Latest Market Update: October 30th (video)

Peter Schiff comments the economic data and the stock market rally.

Topics: analysing the GDP Report, the Cash For Clunkers program, the illusion of economic growth and the rally is stocks

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.

October 29, 2009

"There Is No Recovery"

"There is no recovery, the fundamentals of our economy have been worsening because of what the government has done to artificially stimulate it. But the trade off there is that they are able to get the stock market to go up because we are debasing our money" in Videolog Market Update, October 28

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.

Latest Market Update: October 29th

Latest videolog market update on the US stock market, currencies, the economic recovery.

"We are refusing to let the free market work"

"Our politicians never learn from their mistakes"


"The cost of living will go up, but probably rents will come down"

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.

Unemployment Is Closer To 20% Than 10%

With the unemployment benefits extension being headline news I can’t help but think back to earlier this summer when Peter Schiff expressed that unemployment is closer to 20% than 10%. The unemployment numbers that the government produces are misleading. The unemployment data that the government uses does not include entrepreneurs and independent contractors who are self employed or “contract” employed.

in SubprimeBlogger

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.

October 28, 2009

"The Trend In The US Dollar Hasn`t Changed"

The dollar has moved up about 1 point from the lows and I guess if you are a daytrader that means something but for everybody else its insignificant. The trend hasn`t changed, nothing has changed, the fundamentals haven`t changed, if anything they continue to get worse day by day. So I would continue to be out of the US dollar, I will continue to be on the anti-dollar trades, gold, commodities, foreign stocks. Nothing moves in a straight line, the dollar is always going to have some rallies but you know, don`t be fooled by them.

in CNBC, October 27th

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.

On Rating Agencies

"I don't think there's any real value in ratings today. That's obvious, from the way they rated a lot of the structured products as investment grade.

The agencies have undermined their brand creating a caveat emptor reputation rather than one of trustworthiness."

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.

October 26, 2009

Last Call To Sell The US Dollar


Last Call to sell the US Dollar.

"This is pure inflation, latin america style"

"This will lead to a complete disaster"

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.

October 25, 2009

The Dollar Fall And Its Implications

For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on par with much less determinative metrics such as natural gas futures and construction permits. It's only when major milestones are reached that anyone really takes notice of the dollar. We are living through one of those times.

The great dollar rally of 2008-2009 has come full circle. When the financial crisis exploded in its full ugliness in mid-2008, the dollar, which had steadily declined over the previous four to five years, put in a rally for the record books. By March 2009, as investors across the world sought safety from the financial storm, the index had surged more than 25%. Since then, the dollar has steadily declined to the point where nearly all those gains have vanished. In short, the panic rally has given way to the long term trend.

So, as the dollar index makes fresh 52-week lows on a nearly daily basis, discussion on the greenback is heating up. And while real insight on the topic is hard to find, the debate centers on the battle between two conventional opinions – both of which are wrong.

The first camp, which is generally supportive of government intervention in the economy, argues that dollar's decline is a positive for both the economy and the stock market. The second camp, which tends to fall on the more conservative end of the political spectrum, views the dollar's decline as a problem but feels that tough talk and slightly higher interest rates are all that is needed to restore 'King Dollar' to its throne.

First of all, a weak dollar is no better for Americans than a lower paying job is for a worker. And although I would prefer that the dollar remain strong, I know that currency values are a function of supply and demand, not wishful thinking. The past years of reckless monetary and fiscal policy have created conditions that must push the dollar down. Vastly expanded debt levels and monetary expansion have created a greater supply of dollars, while poor investment performance and diminished industrial capacity have lessened the demand for dollars.

The regrettable truth is that while the weak dollar will help rebalance the global economy, it is not a panacea for the U.S. The fall is no more worthy of celebration than a student celebrating falling grades on his report card. If the dollar does not recover eventually, Americans will suffer diminished living standards. To avoid this we must make difficult reforms now. If we continue our current policies, we run the risk of a complete dollar collapse. Far from helping to solve our problems, this would be a true nightmare scenario.

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.

October 23, 2009

FoxBusiness.com Video Interview

Latest Peter Schiff video interview on FoxBusiness.com

"The economy is getting even more out of balance"

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.

Dollar Collapse And Other Economic Predictions

In November 2008 Peter Schiff warned of a dollar collapse and that the move lower in commodities was due to deleveraging. At the time of the interview the dollar index had a strong move up from 71.5 to 88; a 23% increase in four months. Of course, many analysts and market mavens, once again, laughed at Mr. Schiff and claimed he was crazy to invest in commodities as the dollar was strong.

Shortly after the interview the dollar index saw a huge move down from 88 to 78 in one month. After the steep decline in December 2008 the dollar index found support and moved higher, all the way up to 89. At this point, Mr. Schiff continued to point out that the Federal Reserve Bank was printing money out of thin air and this was going to greatly decrease the value of the dollar.

President Obama, Ben Bernanke and Timothy Geithner all stated that the dollar was going to remain strong even though the Stimulus Plan was going to print TRILLIONS of dollars out of thin air. As the Fed continues to print money to bail America out of this recession the value of the dollar drops. Today the dollar index is at 75.5 which is 14% below the 88 level during the Peter Schiff interview.

Analysts will continue to laugh and joke that Peter Schiff is wrong and is too bearish on the economy. Looking back over the past few years it is very hard to find a time in which Mr. Schiff was wrong. He continues to remain bullish on commodities and especially gold. It is interesting that mass media is finally recognizing the value of the dollar sinking; almost one year after Schiff warned them.

in SubprimeBlogger.com

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.

October 22, 2009

The Economy Is Addicted To Cheap Interest And Liquidity

"That's a cure, but it's also going to stifle any US economic growth. The economy is addicted to the cheap interest and liquidity."

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.

October 21, 2009

Latest Investment Commentary

"The government has been sucessful in reflating our bubble economy", Peter Schiff, October 20

Schiff comments the US dollar moves and recent economic data like the Housing Starts and Consumer Prices. Brazil introduces a tax on foreign investors.

Recommended reading, "Popular Delusions And The Madness Of Crowds" by Charles McKay.

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.

October 19, 2009

Is The Crisis Over?

"The same people who told us there was no crisis are the ones who are telling us it's over" in Reuters

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.

October 16, 2009

"The US Market Is Going Up Because Of Inflation"

"The market is going up, no question about that, but its not going up because of underlying improvement in the U.S. economy.

In fact its going up despite the fact that the underlying fundamentals are getting worse for the U.S. economy. What we have is inflation." in VideoLog Market Update

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.

October 14, 2009

VideoLog, October 14


Schiff comments the Dow Jones 10,000 and the fundamentals of the US Economy and the US Dollar.


"All major currencies were up against the dollar today"

"This is an inflation story"

"The market will resume its descent"

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.

October 12, 2009

"China: That Is Where The Growth And Profits Are Going To Be"

“China is where we are putting most of our money out of the BRICs. Valuations are certainly better there. That is where the growth and profits are going to be.”

in Bloomberg

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.

October 11, 2009

"People Should Definitely Be Buying"

"First of all its not too late to buy. The fact that given all that`s happened and all that is likely to happen the fact that gold is still this close to 1,000, I think its a great bargain. People should definitely be buying.

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.

October 9, 2009

3 Mining Stocks Worth Buying

"I came up with 3 mining stocks that our viewers probably never heard of but they are pretty easy to buy. One of them is Red Back Mining (RBI.TO), its a gold stock that trades on Toronto Exchange, also Capstone (CS.TO)also trading in Toronto. Its a base metals company, they own copper, zinc, and silver. One company that trades here on the United States, Silvercorp Metals (SVM), they`ve got mines in China.

I think these are very interesting companies that you probably never heard of and can still buy them."

in Fox Business

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.

Fox Business Interview, October 8

Latest video interview on Fox Business, October 8.

"Gold will go up", Peter Schiff

"I like the japanese yen, its my favourite currency technically" 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.

October 8, 2009

China Stocks Worth Buying

"China is where we are putting most of our money out of the BRICs,” Peter Schiff, president and chief global strategist for Darien, Connecticut-based Euro Pacific Capital, whose clients have more than $2 billion in assets, said in a telephone interview. “Valuations are certainly better there. That is where the growth and profits are going to be.”

Schiff, who predicted the U.S. recession in 2006, said he is recommending “domestic-demand plays” such as Dah Chong Hong Holdings Ltd., which owns car dealerships and food and consumer products outlets, and Xtep International Holdings Ltd., a sporting goods retailer. Both companies trade in Hong Kong."

in Bloomberg

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.

October 7, 2009

Real Estate Prices Are Much Too High Still.

"The problem is that to have interest rates at the level that’s appropriate would bring down housing prices, which would bankrupt a lot of financial institutions that have real estate as collateral. But we have to let that happen. We can’t try to preserve artificial prices in a market economy."

in delaware online

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.

October 6, 2009

Stock Picks On Agriculture. Wal-Mart Is A Sell.

I own Potash Corp./Saskatchewan (POT) and a Norwegian company called Yara International, Peter Schiff reveals. "I think the name of the game is to find out what China is going to buy and buy it first. I expect China will enjoy a higher standard of living and start consuming more. Much more."

"Agriculture stocks and fertilizer names such as those mentioned above feed into the growing China consumer and that’s where I think investors should be."


"And Wal-Mart Stores, Inc. (WMT) is a sell because they won’t be able to import cheap goods from China anymore", adds 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.

October 5, 2009

US Stock Market

Unlike the "legitimate bull markets" of many foreign markets, Peter Schiff believes the US is merely experiencing a "rally in a bear market," and is lagging the rest of the world "for a reason."

Sep 25, 2009 The Business Insider

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.

October 4, 2009

If We Put Interest Rates Anywhere Near WHere They Ought To Be, We Would Bankrupt Most Of Our Financial Entities.

“The reality is, that if we put interest rates anywhere near where they ought to be, we would bankrupt most of our financial entities and we’d have a real collapse. We’re never going to have a real recovery until the market lets us have a real recession.

Our phony consumer-based economy isn’t viable; it only exists as long as the Chinese and Japanese lend us money to buy their stuff.”

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.

October 1, 2009

FDIC Funding Needs

“The reality is, this is just the tip of the iceberg. The FDIC is going to require hundreds of billions of dollars of taxpayer money — if not well over a trillion dollars — before it’s all said and done.”

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.