February 25, 2010

People`s Confidence In Fiat Money

"People don`t trust in fiat currencies because governments are creating inflation"

In CNBC

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.

February 24, 2010

The Market Is Going Up Because Of Inflation

"The market is not going up because the economy is strong (...), the market is rallying because of inflation. People are buying stocks because they do not want to hold cash."

in CNBC

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.

February 23, 2010

Schiff On CNBC`s Fast Money (video)

Latest Peter Schiff`s video interview on CNBC.


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.

February 22, 2010

CNBC Video Interview: February 22

Latest Peter Schiff`s video interview on CNBC.











"If they (Federal Reserve) were being serious they would be rising interest rates 100, 200 basis points"

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.

February 18, 2010

Gold And The Debasement Of The US Dollar

"You could have a million dollars in the bank and wake up one day to realize you can't afford bus fare with that million in cash. You might as well save in something that will retain its value like gold."

in Bullion Vault

Related ETF`s: SPDR Gold Trust (ETF) (NYSE:GLD)

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.

February 17, 2010

In The Environment We Have Now, Everyone Has To Own Gold

"You know you own the gold itself and not a derivative. In the environment we have now, everyone has to own gold. You can't own dollars because the government is destroying the value of our money.

You could have a million dollars in the bank and wake up one day to realize you can't afford bus fare with that million in cash. You might as well save in something that will retain its value like gold."

in www.post-gazette.com

Related ETF`s: SPDR Gold Trust (ETF) (GLD)

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.

February 14, 2010

Reckless Monetary Policy And Inflated Asset Bubbles.

Rather than tightening the reins on the reckless monetary policy that undermined our savings, diminished our industrial output, inflated asset bubbles and led to reckless speculation on Wall Street and excess consumption on Main Street, we are loosing them further. Rather than repealing regulations that distort markets and create moral hazards, we are adding new ones that do more of the same.”

in News Record

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.

February 12, 2010

"I Am Going To Senate Because The Country Is In Trouble"

"I don't have political ambitions. I'm going to the Senate because the country is in trouble."

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.

February 11, 2010

Videoblog: US Markets Update

Latest Peter Schiff video blog update on the US economy and financial markets.

"We are digging ourselves into a deeper hole"

"Bailing out Greece is the worst thing the European Union can do"

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.

February 10, 2010

The Government Is Repeating All Of The Mistakes That Created The Nasdaq Bubble And The Housing Bubble

"I was screaming as loud as I could to anyone who would listen that there was a bubble in the stock market. The government is repeating all of the mistakes that created the Nasdaq bubble and the housing bubble. Unfortunately, we're doing everything wrong."

in 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.

February 8, 2010

President Obama And The Risks To The US Economy

“President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge.”

in www.newsrecord.org

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.

February 7, 2010

Government Efforts Can Result In Hyperinflation

“The party is over,” said Schiff about U.S. consumption in a recent television interview. Schiff says the U.S. must transition from borrowing and spending, to saving and producing. The government's efforts to "ease the pain" with economic stimulus packages and bailouts will only make things worse in the long run and could result in hyperinflation if the government continues to "replace legitimate savings with a printing press."

in Seeking Alpha

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.

February 5, 2010

Video Update On Recent Market Events

"People are looking at the wrong things. Things like the risk of Greece defaulting and forgeting about the greater risk of the United States defaulting. Because I think the US is in worst shape then most countries in Europe. If you just look at the situation in Greece, I now their debt to GDP ratio is higher than ours. But our GDP is a flop. If you look just at the manufacturing part of the GDP, goods production and you compare our deficits to that...it`s off the charts. No other country compares."

Topics: Sovereign debt default concerns; sovereign credit risk; 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.

February 3, 2010

US Debt Monetization, Federal Reserve Independence And The US Dollar

Latest video blog, February 2

Topics: US Dollar, Ben Bernanke`s nomination, US Debt, Debt Monetization, Artificial Low Interest Rates, Federal Reserve Independence;

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.

February 2, 2010

Instead Of Seeding The Soil For A Real Recovery We Are Setting The Stage For A Prolonged Depression

While Obama did have some harsh words for Wall Street (not exactly a courageous political stance), he leveled no criticism at the Federal Reserve or other government agencies that had financed and guaranteed all the ridiculous real estate speculation that precipitated the crash. And while he at least conceded that the prosperity of the last decade was based on illusions, he continued to endorse the very policies that produced the mirage in the first place.

To lead us back to brighter days, he articulated a vision of a centrally planned recovery, where clean energy and a Soviet style five-year plan to double our exports would make our economy preeminent once more. He fails to understand that the only reason our economy rose to the top in the first place is that the government left it alone.

Rather than tightening the reins on the reckless monetary policy that undermined our savings, diminished our industrial output, inflated asset bubbles, and led to reckless speculation on Wall Street and excess consumption on Main Street, we are loosing them further. Rather than repealing regulations that distort markets and create moral hazards, we are adding new ones that do more of the same. Rather than cutting government spending to reduce the burden it places on our economy, we are increasing both the amount of the spending and the size of the burden. Rather than making government smaller so that the private sector can grow, we are making government bigger and forcing the private sector to shrink. Rather than paying off our debts we are taking on even more. Rather than encouraging people to save we are enticing them to spend. Rather than creating jobs, we are merely creating unemployment benefits.

As a result, instead of seeding the soil for a real recovery we are setting the stage for a prolonged depression.

in LewRockwell.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.

February 1, 2010

Tax Cuts, Growth And Long Term Deficits

"While President Obama did call for tax cuts for the middle class and offered what amounts to bailouts for those struggling to repay student loans, such cuts do nothing to promote growth in the near term and will add to the deficits in the long term"

in www.bi-me.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.

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