February 28, 2011

I Don`t Think The Real GDP Is Growing

I don`t think the real GDP is growing, I think what is happening in the US is that our money is losing value and so it looks like the economy is growing because we have a lot of inflation but its not real economic growth. If we had genuine economic growth you would be seeing increases in real wages. - in schiffradioshow

Related: 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.

Peter Schiff Show: Do We Need Unions More Than Ever?



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, 2011

Obama's Budget & The NYSE`s German Takeover


Topics: the budget and the NYSE - Deutsche Boerse merger.

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, 2011

The US Dollar & Mubarak: An Unwanted Relic Of The Past That Everyone Agrees Must Go

Based on his recent public comments, Fed Chairman Bernanke seems determined to give the U.S. dollar the reputation of Egypt’s Hosni Mubarak: an unwanted relic of the past that everyone agrees must go, but stubbornly clings to a privileged position. The dollar is currently the world’s ruling currency, but, as with Mubarak, I believe that growing public discontent will spur regime change quicker than most pundits expect. - in europac.net

Related: PowerShares DB US Dollar Index Bearish (NYSE:UDN), PowerShares DB US Dollar Index Bullish (NYSE:UUP)

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, 2011

Savers And Retirees Are Going To See Their Wealth Wiped Out

“It’s going to be the savers and American retirees who are going to see their wealth wiped out because this mad man is printing money and encouraging Congress to keep on going into debt so he can do it.” - in Freedom Watch

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 9, 2011

Schiff On Freedom Watch: Video


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 4, 2011

Ben Bernanke`s Confusions

In his press conference today Fed Chairman Bernanke careened wildly between economic philosophies, leaving listeners with absolutely no clear conception of what the Chairman really believes. Perhaps there are no beliefs, just platitudes.

In particular, Bernanke can't seem to make up his mind weather monetary policy affects price levels. In his remarks, the Chairman stated emphatically that his ultra loose quantitative easing policy is not causing the prices of commodities to rise. But at the same time he stated firmly that QE is responsible for rising share prices on Wall Street. This would indicate that Bernanke does not see QE as a blunt economic instrument but as some sort of laser guided monetary munition that can target some prices while doing no harm to others.

More globally, Bernanke claimed that the Chinese could tamp down inflation by tightening the reigns of their own monetary policy. So in Bernanke's view, tight monetary policy can limit inflation in China, but loose policy can't create it in the United States? - in IBTimes

Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI) , SPDR S&P 500 ETF (NYSE:SPY) , iShares Russell 2000 Index (ETF) (NYSE:IWM), 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 3, 2011

We Simply Need Get The Government Out Of The Mortgage And Housing Markets

"The conclusion that should have been drawn is that we do not need more regulation. Government interference has done enough damage already. We simply need to return to a sound monetary policy and get the government out of the mortgage and housing markets. Unfortunately, that's not going to happen." - in uk.ibtimes.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 2, 2011

I Own A House But I Don’t Expect To Make Any Money Off It

“I own a house but I don’t expect to make any money off it. I own a house like I own my car or my boat. I need a place to live and I enjoy it. And I expect it to depreciate just like all the other things that I own.” - in The Financial Post

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, 2011

Housing: The Unfortunate Combination Of Government Guarantees And Cheap Money Produced A Toxic Brew

"The government has been subsidizing housing since the Roosevelt administration, and we never had a bubble of this proportion. It was not until these guarantees were combined with a 1% federal funds rate that they became supercharged. It was the unfortunate combination of government guarantees and cheap money that produced such a toxic brew." - in uk.ibtimes.com

Related: Lennar Corporation (NYSE:LEN) ,PulteGroup, Inc. (NYSE:PHM), Toll Brothers, Inc. (NYSE:TOL), iShares Dow Jones US Home Const. (ETF) (NYSE:ITB)

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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