May 31, 2010

The Problems That I See For Europe

The problems that I see for Europe are structural and long term and has to do with the long term moral hazard of this new policy of bailouts.

in Videoblog

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.

European Market Update


Latest video market update.

"I am sure the chinese are nervous about the Euro, but they are even more nervous about the 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.

May 28, 2010

Getting Back To The Principles This Country Was Founded On

"Washington is filled with career politicians who have traded our constitutional principles for a couple of votes. The American people are tired of it. Americans want to get back to the principles this country was founded on."

in blogs.courant.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.

May 27, 2010

Greece, Argentina, Zimbabwe... I Mean We Are Nowhere Near Japan

Greece, Argentina, Zimbabwe... I mean we are nowhere near Japan. When Japan started to make its mistakes, it did it from a position of strength. The japanese had significant domestic savings, they had huge trade surpluses and current account surpluses. We are on the opposite situation. We have exhausted our domestic savings, we have a huge trade deficit. We can only borrow money if the japanese, the chinese and the saudis lend it to us.

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.

The Economic Situation In The US












Discussing whether the economic situation in the United States is beginning to resemble Greece or Japan, with Mike Mussa, Peterson Institute and Peter Schiff, Euro Pacific Capital.

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.

May 26, 2010

What Is Surprising Is That Gold Is Still As Low As It Is

One investor who has been a long-time gold bull is Peter Schiff, the President and Chief Global Strategist for Euro Pacific Capital. In a recent interview, Schiff stated that “What’s surprising is that gold is still as low as it is,” and reiterated his prediction that the gold price will reach 5,000 dollars to 10,000 dollars per ounce within 5 to 10 years.

in Gold Alert

Related ETF`s: SPDR Gold Trust (ETF) (Public, NYSE:GLD) and Market Vectors Gold Miners ETF (Public, NYSE:GDX)

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.

May 25, 2010

How an Economy Grows and Why It Crashes: Editorial Review

How an Economy Grows and Why it Crashes uses illustration, humor, and accessible storytelling to explain complex topics of economic growth and monetary systems. In it, economic expert and bestselling author of Crash Proof, Peter Schiff teams up with his brother Andrew to apply their signature "take no prisoners" logic to expose the glaring fallacies that have become so ingrained in our country’s economic conversation.

Inspired by How an Economy Grows and Why It Doesn’t—a previously published book by the Schiffs’ father Irwin, a widely published economist and activist—How an Economy Grows and Why It Crashes incorporates the spirit of the original while tackling the latest economic issues.With wit and humor, the Schiffs explain the roots of economic growth, the uses of capital, the destructive nature of consumer credit, the source of inflation, the importance of trade, savings, and risk, and many other topical principles of economics.

The tales told here may appear simple of the surface, but they will leave you with a powerful understanding of How an Economy Grows and Why it Crashes.

in Amazon.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.

May 24, 2010

Currencies Debasement

"People are afraid of the debasement of all the currencies"

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.

May 21, 2010

Why Is President Obama So Worried About Greece

For now, the most interesting aspect of the Greek bailout has been President Obama’s audacious lobbying in favor of it. He has become deeply involved in what is essentially an internal matter of the EU – demanding bailouts from Germany and lecturing Greece on fiscal responsibility. Aside from a penchant for irony, the President of the most indebted government on Earth is likely motivated by fear of a real-life sovereign default making headlines. By encouraging Europe to bail out holders of Greek and Portuguese debt, Obama hopes our creditors will sleep soundly as well.

Had Greece been allowed to restructure, bondholders would have been forced to absorb real losses from a developed country for the first time in recent memory. That would have accelerated the current debate on sovereign debt, and led some investors to reevaluate all of their holdings. The last thing Washington wants is for holders of Treasuries to start taking a critical eye to its balance sheet. Under such scrutiny, global creditors might correctly conclude that it’s all Greek to them, and rerate our debt accordingly.

in europac.net

Related: ProShares UltraShort 20+ Year Trea (ETF) (Public, NYSE:TBT) and iShares Lehman 20+ Year Treas.Bond (ETF) (Public, NYSE:TLT)

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.

May 20, 2010

America Is On The Verge Of An Economic Catastrophe

America is on the verge of an economic catastrophe.

I don't need to remind you of the frightening economic data Washington doesn't want you to know -- the nearly $13 trillion debt, 90% debt to GDP ratio (that does not even include the off-budget items, such as the $6 trillion owed by Fannie Mae and Freddie Mac, or the $50 trillion of unfunded liabilities for programs like Social Security and Medicare)... And I certainly don't need to reiterate the urgency of this situation. You know how severe the ramifications will be if we fail to take immediate action.

in Europac.net

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.

The Euro Remains More Reliable Than The Dollar

For all of its new faults, the euro remains more reliable than the dollar. Once the re-rating process is complete, and the euro finds a new floor, I expect the dollar to resume its relative slide against its transatlantic cousin. Meanwhile, I expect both currencies to continue to lose value relative to gold and other key currencies.

in Europac.net

Related ETF`s: SPDR Gold Trust (ETF) (Public, 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.

May 19, 2010

A Short-Term Rally In The Euro Should Ensue – Especially Given The Rapidity Of Its Recent Descent

Given the euro’s damaged reputation, I expect pledges from European governments to rein in budget deficits and from the ECB to defend the value of its currency. While the long-term implementation of such commitments may prove lacking, a short-term rally in the euro should ensue – especially given the rapidity of its recent descent, and the overwhelming bearish sentiment against it.

in europac.net

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.

Many Are Mistaking This Euro Weakness For Dollar Strength

Unfortunately, many are mistaking this euro weakness for dollar strength. A quick glance at the price of gold – which has made new highs in both currencies – quickly disproves this myth. The fact is that both the dollar and the euro are losing value. At the moment, the euro is losing value faster; however, in the race to the bottom, my money is still on the dollar to win.

in Europac.net

Related: SPDR Gold Trust (ETF) (Public, NYSE:GLD), iShares Silver Trust (ETF) (Public, NYSE:SLV), Market Vectors Gold Miners ETF (Public, NYSE:GDX), PowerShares DB US Dollar Index Bearish (Public, NYSE:UDN)

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.

How an Economy Grows and Why It Crashes (Video)


A promotional video of the new book, "How an Economy Grows and Why It Crashes".

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.

May 18, 2010

Federal Reserve, Interest Rates And The Housing Bubble

“The Congress constantly beefs up the Fed, cuts rates, stimulates the economy, lowers rates. The consequence of those low rates was a housing bubble. It was all those exotic mortgages that blew up, and now they’re going to blame Goldman Sachs (GS) for it.”

in Digital Journal

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.

May 17, 2010

If We Don`t Stop Spending: The Bond Market Will Collapse, The Value Of The Dollar Will Plunge

Don't let Washington insiders fool you. The economic growth we've seen this year is phony - it's based on consumption and debt financing. If we do not put an end to Congress' spending spree, there will be an economic catastrophe that dwarfs the 2009 recession.

Mark my words... The bond market will collapse. The value of the dollar will plunge. Interest rates will rise. There will be runaway inflation and unemployment. And the only way to prevent this is to get government spending under control.

in Europac.net

Related Exchange Traded Funds: PowerShares DB US Dollar Index Bullish (Public, NYSE:UUP), ProShares UltraShort 20+ Year Trea (ETF) (Public, NYSE:TBT), PowerShares DB US Dollar Index Bearish (Public, NYSE:UDN) and SPDR Gold Trust (ETF) (Public, 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.

May 16, 2010

We Need To Get Government Out Of Our Pocketbooks

"The bottom line: we need to get government off our backs and out of our pocketbooks. It's scary how the same irresponsible financial policies that got Wall Street into trouble are now repeating themselves in Washington - only now on an even bigger scale."

in www.shorelineplus.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.

May 15, 2010

New Book: How an Economy Grows and Why It Crashes

Thanks to your help, my new illustrated book, How an Economy Grows and Why It Crashes, is off to a great start. After the e-mail I sent out a few weeks ago, your purchases pushed the book up the Amazon charts, where it cracked the top 10 list of all books. The reader reviews posted thus far have been absolutely terrific, helping to confirm that the book is delivering on its stated mission: to teach the fundamentals of economics in a way that everyone can understand and - more importantly - enjoy.

Many people so love the book that they are ordering multiple copies to give away to friends and family members. Those that had the good fortune to order when the book was in the top 50 got the bargain basement price of just $10.97, a 45% discount from the cover price. Though currently selling at $13.57, it will go down again if orders pick up.

But the impact of our last promotional effort is fading. We are working diligently to convince the mainstream media to take notice of the book. If it can become a minor phenomenon, then some kernels of economic sanity may finally impact the national debate. But this is an uphill battle. Despite its brisk sales, no reviewer has shown any interest in discussing the book. A journalist we recently contacted bluntly told us, "I don't review fables." Compare this to the many reviews that other, slower-selling financial or self-help books have received. But if the book tops the charts, the media can't ignore it forever.

Fortunately, we have an ace in the hole. People who feel passionately about these issues, who fear for our future, and who want to do something about it have shown a willingness to step up to the plate. In short, if the media won't help us, we need to do it ourselves by making this book go viral.

We know that an appeal such as this may come across as a blatant commercial sales pitch. But in reality, it's more of a political call to arms. If How an Economy Grows and Why It Crashes stays at the top of the charts, this book could affect meaningful change. Help me grab this unique opportunity.

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.

May 14, 2010

We Are In Worse Shape Than Europe

"They're hoping nobody is noticing that things are getting worse. People think it's bad in Europe and Greece, well, we're in worse shape."

in Waterbury Republican American

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.

May 13, 2010

European Bailout, American Style


Latest video market update.

Related stocks and ETF`s: PowerShares DB US Dollar Index Bullish (Public, NYSE:UUP), PowerShares DB US Dollar Index Bearish (Public, NYSE:UDN), SPDR Gold Trust (ETF) (Public, NYSE:GLD), iShares Silver Trust (ETF) (Public, NYSE:SLV), Newmont Mining Corporation (Public, NYSE:NEM), Barrick Gold Corporation (USA) (Public, NYSE:ABX), Goldcorp Inc. (USA) (Public, NYSE:GG), Kinross Gold Corporation (USA) (Public, NYSE:KGC)

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.

Consumers Need To Be Protected From Government

“Consumers don't need to be protected from private business; they need to be protected from government! We do not need Congress to pass more laws that restrict our liberties, we need our courts to enforce the constitution and maintain limits on federal power.”

in Digital Journal

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.

May 12, 2010

I Have Been Bullish On Gold For 10 Years

I have been bullish on gold for 10 years and you know, what is happening makes me more bullish because Europe is becoming more like the United States. What Europe is saying is that the nations that share the euro currency will not be allowed to default no matter how much money they borrow, the ECB will simply print euros to pay it off.

in CNBC, May 11

Related ETF`s and stocks: SPDR Gold Trust (ETF) (Public, NYSE:GLD), iShares Silver Trust (ETF) (Public, NYSE:SLV), Newmont Mining Corporation (Public, NYSE:NEM), Barrick Gold Corporation (USA) (Public, NYSE:ABX), Goldcorp Inc. (USA) (Public, NYSE:GG), Kinross Gold Corporation (USA) (Public, NYSE:KGC)

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.

Gold Is Going To 10,000



"Maybe gold is going to 10,000 dollars per ounce"
Peter Schiff

Related ETF`s and stocks: SPDR Gold Trust (ETF) (Public, NYSE:GLD), iShares Silver Trust (ETF) (Public, NYSE:SLV), Newmont Mining Corporation (Public, NYSE:NEM), Barrick Gold Corporation (USA) (Public, NYSE:ABX), Goldcorp Inc. (USA) (Public, NYSE:GG), Kinross Gold Corporation (USA) (Public, NYSE:KGC)

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.

May 11, 2010

A Time for Gold

The frightening financial gyrations unleashed by the unrest in Greece, and compounded by the mysterious kinks of electronic stock markets, have quickly reintroduced naked fear into the hearts of investors. Not surprisingly, while these concerns throw into question the safety of just about every asset class, gold and silver are beckoning once again as a means to help protect purchasing power.

We are now in the early stages of what I believe will be a global sovereign debt crisis. With Greece, Portugal and Spain, we are seeing the results in what might be considered the “subprime” nations struggling with overly burdensome debt payments. However, just like in the mortgage crisis, many “prime” nations, like the United States and Great Britain suffer from the same disease. It is just that for these countries it will take a bit longer before the symptoms materialize.

The bottom line is that many nations, including the United States, have simply borrowed more than their citizens can realistically repay. For many such countries, default may be the only way out. The only question is how to do it. Will governments simply refuse to pay, or will they pretend to pay by printing money? I believe either option would be very bullish for gold and silver. If nations default, gold and silver prices should rise, if they inflate, they should soar.

Today the collective governments of the European Union, who had been following a more responsible policy than the United States, decided to capitulate. With their massive $900 billion dollar bailout package to any euro zone country that needs help financing their debt, the Europeans have decided to follow the path blazoned by the Federal Reserve. All debt problems, on both sides of the Atlantic, will now be monetized with a printing press.

While gold sold off on the bailout news, there is no question in my mind that the development is extremely bullish for gold. Germany has caved and the inflationists have prevailed. The moral hazard of the bailout will mean bigger deficits in more euro zone countries. Eventually even Germany itself will succumb and join the party. To defend the euro and sterilize their bond purchases the ECB will have to sell dollars. But to whom? The U.S. is certainly not buying.

If Europe, like America, becomes a net foreign borrower, the industrialized West must expect emerging markets to pick up the tab for both America and Europe! After all not every nation can ride the debt wagon; someone has to pull the cart. This will mean that China in particular will have to buy even more foreign exchange to prevent a collapse of both the euro and the dollar. This may push them to the breaking point much sooner than many like to think.

Last Thursday as the Dow Jones plunged 1,000 points, gold surged $35 to just under $1,200 per ounce. Yes, gold and silver may already be “hot”, but I believe there are still great quantities of kindling now lying around which could fuel a continuing fire.

I do not think you should wait for the sovereign default disease to spread. I do not think that it is too late to buy physical gold and silver. Once more people comprehend the magnitude of the problem, I believe prices may go higher than they are today.

in Europac

Related ETF`s: SPDR Gold Trust (ETF) (Public, NYSE:GLD) and iShares Silver Trust (ETF) (Public, NYSE:SLV)

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.

What Happened To Laissez-Fair Economics?

“Whatever happened to laissez-fair economics and the free market? I think it's time we return to that mentality - the one that brought America generations of prosperity.”

in Digital Journal

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.

May 10, 2010

THe Housing Bubble Burst Because The Fed Inflated It

“The housing bubble burst, and it burst because the Fed inflated it ... people kept saying the market wouldn’t go down, that housing prices would keep going up, and guess what — they didn’t.”

in www.foothillsmediagroup.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.

May 8, 2010

Is Sovereign Debt Crisis Contained to Subprime?

During the housing boom, subprime and prime borrowers made many of the same mistakes. Both groups overpaid for their homes, bought with low or no down payments, financed using ARMs instead of fixed rate mortgages, and repeatedly cashed out appreciated home equity through re-financings. The market largely overlooked the glaring similarities, and instead merely focused on FICO scores. Yes, prime borrowers had better credit, but their losses on underwater properties were no less devastating. As the magnitude of home price declines intensified, prime borrowers defaulted in levels that were almost as high as the subprime crowd.

So when mortgage backed securities started to go bad, it wasn't as if the problems emanated in subprime and subsequently "contaminated" the rest of the market. All borrowers were infected with the same disease, but the symptoms merely expressed themselves sooner in subprime. The same is true on a national level, whereby Greece plays the part of the subprime borrower. Though the U.S. is considered to be the highest order of "prime" borrower, based on historic precedent, our debt to GDP levels are at crisis levels, and are not that much lower than Portugal or Spain. When off-budget and contingency liabilities are properly accounted for, one could argue that we are already in worse financial shape than Greece.

Most importantly, like Greece (and homeowners who relied on adjustable rate mortgages), we have a high percentage of short-term debt that is vulnerable to rising rates. The one key difference is that while Greece borrows in euros, a currency it cannot print, America borrows in dollars, which we can print endlessly. In reality however, this is a distinction with very little substantive difference.

What if Greece had not been a member of the euro zone and had instead borrowed in their former currency, the drachma? First, given its past history of fiscal shortfalls, Greece would not have been able to borrow nearly as much as it had (They may well have been forced to borrow in euros anyway). Under those circumstances, creditors would have been more reluctant to lend without the possibility of a German led bailout. Had Greece never adopted the euro as its currency, but nevertheless borrowed in euros, it would now face the same difficult choices, but would not be offered the carrots or sticks provided by other euro zone nations that are worried about the integrity of their currency. The IMF would have been Greece's only possible savior.

Many of our top economists now argue that all would be well in Greece if the country was in charge of its own currency. In such a scenario, Greece would indeed have had no problems printing as many drachmas needed to pay its debts. However, would this really be a "get out of debt free" card for Greece?

The main reason the Greeks are protesting in the streets is that they do not want their benefits reduced or taxes raised to repay foreign creditors. But despite the likely domestic popularity of a drachma-printing policy, would it really get the Greeks off the hook? They would stiff their creditors by repaying them in currency of diminished value. But the same result could be achieved through an honest debt restructuring, which would involve "haircuts" for all creditors. In a restructuring, the pain falls most squarely on those who foolishly lent money to a "subprime" borrower.

But with inflation it's not just foreign creditors who would suffer. Every Greek citizen who has savings in drachma would suffer. Every Greek citizen who works for wages would suffer. Sure nominal benefits are preserved and taxes are not raised, but real purchasing power is destroyed. If the cost of living goes up, the reduction in the value of government benefits is just as real.

Of course, the negative effects on the economy of run-a-way inflation and skyrocketing interest rates are worse than what otherwise might result from an honest restructuring or even out right default. It is just amazing how few economists understand this simple fact.

Just because we can inflate does not mean we can escape the consequences of our actions. One way or another the piper must be paid. Either benefits will be cut or the real value of those benefits will be reduced. In fact, it is precisely because we can inflate our problems away that they now loom so large. With no one forcing us to make the hard choices, we constantly take the easy way out.

When creditors ultimately decide to curtail loans to America, U.S. interest rates will finally spike, and we will be confronted with even more difficult choices than those now facing Greece. Given the short maturity of our national debt, a jump in short-term rates would either result in default or massive austerity. If we choose neither, and opt to print money instead, the run-a-way inflation that will ensue will produce an even greater austerity than the one our leaders lacked the courage to impose. Those who believe rates will never rise as long as the Fed remains accommodative, or that inflation will not flare up as long as unemployment remains high, are just as foolish as those who assured us that the mortgage market was sound because national real estate prices could never fall.

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.

May 7, 2010

There Will Be Runaway Inflation And Unemployment

"There will be an economic collapse far more spectacular than what we've already seen. The bond market will collapse, the value of a dollar will plunge, interest rates will rise, there will be runaway inflation and unemployment."

in www.rep-am.com

Related ETf`s: ProShares UltraShort 20+ Year Trea (ETF) (Public, NYSE:TBT) and iShares Lehman 20+ Year Treas.Bond (ETF) (Public, NYSE:TLT)

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.

We Have A Phony Economy Based On Consumption And Debt Financing

"We have a phony economy based on consumption and debt financing. We're facing a ticking time bomb that is going to explode in the next few years, which is why I need to be in the Senate."

in Waterbury Republican American

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.

May 6, 2010

The Similarities Between Greece And The US


Topics: Greece, inflation, Us Treasuries

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.

The Next Financial Crisis Will be Much Worse

"So long as the Fed continues to hold interest rates artificially low and the government continues to guarantee mortgages, real estate prices will remain distorted, credit will be misallocated, moral hazards will increase, and the underlying fundamentals of our economy will continue to deteriorate. As a result, the next financial crisis, likely to hit within a few short years, will be that much worse."

in Investor News

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.

May 5, 2010

Max Keiser Interviews Peter Schiff


Max Keiser interviews 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.

May 4, 2010

The Congress, Housing Bubble And Goldman Sachs (GS)

“The Congress constantly beefs up the Fed, cuts rates, stimulates the economy, lowers rates. The consequence of those low rates was a housing bubble. It was all those exotic mortgages that blew up, and now they’re going to blame Goldman Sachs Group, Inc. (Public, NYSE:GS) for it.”

in www.bullsource.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.

May 3, 2010

Rather Than Resolving The Crisis, We Dug Ourselves Deeper Into Debt

"Rather than resolved the crisis, all we've done is papered over problems in the banking system with phony accounting and dug ourselves deeper into debt."

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.

May 1, 2010

How An Economy Grows And Why It Crashes (Video)


Make sure to order a copy of my new book "How an Economy Grows & Why it Crashes".

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.