February 29, 2012

Supply, Demand And Inflation

I have long argued that neither recession nor high unemployment would protect us from inflation. If demand falls, but supply falls faster, prices will rise. That is exactly what is happening with gas. The same dynamic is already evident in the airline industry. Fewer people are flying, but prices keep rising because airlines have responded to declining demand by reducing capacity. Since seats are disappearing faster than passengers, airlines can raise prices. At some point Americans will be complaining about soaring food prices as much more of what American farmers produce ends up on Chinese dinner tables.

Because the Fed is likely to continue monetizing huge budget deficits, Americans are going to be consuming a lot less of everything, and paying a lot more for those few things they can still afford. - in Europac

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.

Why Are Oil And Gas Prices So High?

Oil and gas prices are high now for a very simple reason: the U.S. Federal Reserve has gone on an unapologetic campaign to push up inflation and push down the value of the U.S. dollar. - in CNBC

Related, United States Oil fund (USO), Crude Oil

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.

CNBC Video: This Is All The Result Of Inflation


Latest CNBC 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.

February 28, 2012

Videoblog: Rising Gas Prices


Schiff Report Video Blog February 27th 2012

Related, United States Oil Fund LP ETF (USO)

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 25, 2012

Understanding Long Term Trends

My investment strategy has always focused on understanding longer-term trends, where my track record has been extraordinary, and has discouraged efforts at short-term market timing. - in The Little Book Of Bull Moves

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, 2012

Peter Schiff Answers A Listener Question About Germany


The Peter Schiff Show, February 23.

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, 2012

Europe Is The Warm Up, But America Is The Main Event


Latest RT video interview, February 21.

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 21, 2012

The Printing Press: Weapon of Monetary Destruction


A recent Peter Schiff Show.

Topics: inflation, money printing, US economy;

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 20, 2012

What Is Unique About A Currency War

From my perspective, what is unique about a currency war is that the object is to inflict damage on yourself, and the country often described as the winner is actually the biggest loser, because they've devalued their currency the most. - in SafeHeaven

Related, SPDR Gold Trust ETF (GLD), IShares Silver ETF (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.

February 19, 2012

The US Will Experience An Inflationary Depression

Regardless of what the triumphant Keynesians would have you believe, my analysis continues to be that the current combination of monetary and fiscal stimulus is driving us toward disaster. Instead of a real recovery, the US will experience an inflationary depression. Europe, on the other hand, will suffer much less, precisely because it was not seduced by the short-term appeal of stimulus. - in Europac

Related, SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index ETF (IWM)

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, 2012

The Fed`s Ability To Stimulate The Economy With Inflation

Of course, the Fed's ability to stimulate the economy with inflation only works as long as bondholders remain ignorant of its plan. For now, the seemingly hopeful news reports are giving the Fed cover to keep stimulating. As long as the market remains convinced there is no inflation, the Fed can continue to create it. However, once the effects are so pronounced that even the PCE can no longer hide them, the Fed will be in a real bind. - in Europac

Related, iShares Barclays 20+ Yr Treas.Bond (ETF)(NYSEARCA: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.

February 17, 2012

It's Not That Quantitative Easing Will Lead To Inflation, QE is inflation!

As far as inflation is concerned, a vindication of Federal Reserve Chairman Ben Bernanke is equally premature. First of all, it's not that Quantitative Easing will lead to inflation; it's that QE is inflation. Secondly, there is a lag between QE and rising consumer prices, so the jury is still out as to how high consumer prices will ultimately rise as a result of current and past Fed policy mistakes. - in Europac

Related, ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Yr Treasury Bond ETF (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.

February 16, 2012

Video Interview: Financial Survival Network


A recent video interview with Peter Schiff on the Financial Survival Network.

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 15, 2012

Advocates Of Government Stimulus Are Running Victory Laps

Advocates of government stimulus are running victory laps on recent developments that appear to vindicate their strategy. In particular, Paul Krugman compares the sluggish growth in Europe to the somewhat-less-sluggish growth in the US to prove that stimulus was more effective than austerity. Other economists are using government inflation measures to defend Fed Chairman Bernanke's easy-money policy. The only problem is, they're calling the race before the finish line is even in sight.

As usual, Paul Krugman overlooks basic economics (which, despite his Nobel Prize, is a science about which Mr. Krugman really knows very little). The reason stimulus is so politically popular is that it appears to work in the short-term. However, appearances can often be deceiving, as they are right now in the US. Stimulus merely numbs the pain of economic contraction, as the underlying trauma gets worse. Austerity might slow an economy down, but at least the wounds are able to heal. America has chosen the former and Europe the latter, albeit not quite as large a dose as needed. The fact that in the short-run Europe is suffering more than the US does not vindicate Washington's approach. On the contrary, this is exactly what is to be expected.

What we're seeing is like a race where each runner has a broken ankle. One has a coach who tells him to pace himself and not worry so much about winning this one, while the other coach gives his runner a shot of painkillers and tells him to give it all he's got. Of course, early in the race, the doped-up runner is going to be flying down the track like nothing's wrong, while the other runner might be limping at half his normal speed. However, when the drugs wear off, the sprinter is liable to collapse from pain, leaving the better-coached runner to limp across the finish line.

The true test is not the immediate effects of stimulus or austerity, but the long-term results. For that reason, Krugman’s conclusions are meaningless. The apparent success of stimulus simply results from spending more borrowed money on government programs and consumption. But don't we all agree now that this is exactly what caused the financial crisis in the first place? - (source: 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.

February 14, 2012

Buying Longer Term Treasuries Is An Incredible Risk

A lot of them (retirees) are buying longer-term U.S. Treasuries, you know, maybe 30 years to get extra yield. In so doing, they’re taking enormous risks. In fact, many of the funds that are out there are actually levering up longer-term debt. That’s incredible risk. Other people are buying overpriced stocks. - in Beacon Equity

Related, iShares Barclays 20+ Yr Treasury Bond ETF (TLT), ProShares UltraShort 20+ Year Treasuries ETF (TBT)

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.

Real Recession, Real Recovery & Government Intervention

In other words, because the government will not allow the pain of a real recession, we will never experience the gain of a real recovery. - excerpt from The Little Book of Bull Moves

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 13, 2012

There Is No Such Thing As Free Birth Control



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, 2012

Don`t Make The Mistake Of Buying Long Term US Dollar Bonds

But what you don’t want to do is make the mistake of buying long-term U.S. dollar denominated bonds. - in Yahoo Finance

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, 2012

The Biggest Losses In This Financial Collapse Are Going To Be...

So retirees need to buy gold and silver. If they want more current income, they need to look toward foreign sources. I particularly like high-dividend paying foreign stocks.

But if you can’t take that risk, you can still buy bonds denominated in foreign currencies. But what you don’t want to do is make the mistake of buying long-term U.S. dollar denominated bonds, because I think the biggest losses in this financial collapse are going to be absorbed by ,felt by, the bondholders. Even those who own U.S. government bonds or municipal bonds, bonds that are thought to be low risk are still going to be wiped out as the dollar collapses.

Related, IShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), iShares Barclays 20+ Yr Treasury Bond ETF (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.

February 10, 2012

What Retirees Need To Understand

I think what retirees need to understand, is that when the dollar is wiped out, all dollar denominated debt instruments are going to go with it. So what they have to do is get out of the dollar completely. - in Yahoo Finance

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, 2012

US Savers Will Continue To Suffer From A Lack Of Yield And A Weakening Currency

As long as interest rates remain far below the rate of inflation, the U.S. economy will fail to equitably restructure itself for a lasting recovery.

As a secondary effect, US savers will continue to suffer from a lack of yield and a weakening currency, while those wise enough to park savings in gold will likely see continued success. - in a recent market commentary

Related: SPDR Gold 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 8, 2012

We Have Abused The Privilege Of Being The Issuer Of The World`s Reserve Currency

The americans are used to the dollar being supreme, that is how we were able to live the lifestyle that we do live. Even though our standard of living is not as great as it once was, it`s still a lot higher than it`s going to be because we were able to live beyond our means thanks to the dollar.

But we have abused the privilege of being the issuer of the world`s reserve currency...I think a dollar crisis, a US sovereign debt crisis is close at hand. - excerpt from a Kerry Lutz video interview, Youtube

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, 2012

Gold: The Bull Finally Righted Itself

January saw an end to gold's recent malaise as the bull finally righted itself, running on the news that the Federal Reserve will continue its pro-inflation dollar expansion until at least 2014. Gold finished more than 146 USD/ ounce higher (9.1 percent) than where it started, closing out the month at 1,744 dollars per ounce.

The yellow metal looks ready to break the important psychological barrier of 2,000 dollars per ounce by the end of this year, as the glimmers of recovery hopes fade from the headlines and the Fed responds by deepening its failed policies.

Silver prices also rebounded, finishing 16.7 percent higher for the month at $33.60. - in Schiff`s Gold Report

Related, SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)

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 6, 2012

2012 Elections

What I think Romney lacks is a better understanding of Austrian economics, of money, and I think he has a capacity to learn those things if he surrounds himself with the right people. He seems to show, at least in these debates, some sympathy for Ron Paul, and maybe Ron Paul could have some influence on Mitt Romney, or maybe his son Rand would be able to. – Yahoo Finance Breakout

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, 2012

When Will Overseas Jobs Come Back?

They are going to come back eventually. I mean, at some point this phony economy that we have, where we spend borrowed money is going to implode...and a lot of the services sector jobs are going to disappear and we are going to have to replace them with productive jobs, the types of jobs that we lack. And we are not going to be able to do that, unless we dismantle much of the government we have that is preventing us from getting those jobs. - in RT

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, 2012

Everybody Has Got Degrees, So What Are They Worth?

Everybody has got degrees, so what are they worth?

What people need are real skills, on the job training, acquiring a knowledgeable skill that actually makes them more productive. That`s what a lot of americans lack. - in recent video interview while discussing why isn`t America more competitive

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, 2012

Why Can`t America Compete?

Its impossible for America to compete right now because we are at such a competitive disadvantage because of all the government that we have. - in RT TV

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, 2012

Yahoo Finance Video: Schiff Talks About The 2012 Elections

Schiff`s take on the 2012 elections.

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.

As The Economy Gets Worse...

As the economy gets worse and worse the voters are going to realize that the politicians are selling snake oil. - in Yahoo Finance

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, 2012

A Lot Of Americans Have Degrees But Haven`t Any Really Marketable Skills

We may have a lot of degrees (in the USA), it does not mean we are actually educated. Just because you get a degree does not mean you know anything. In fact a lot of Americans have degrees but haven`t any really marketable skills. - in RT.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.

All Self-Perpetuating Virtuous Cycles Are Vulnerable To A Sudden Break

All self-perpetuating virtuous cycles are vulnerable to a sudden break in the positive feedback loop. When reality rears its ugly head, and the spell breaks, the reverses can be vicious.

It happened with dot com stocks, it happened with real estate, and I believe it will happen with the dollar and Treasuries. Even if Europe does not resolve its problems, the day of reckoning will still eventually arrive.

The unfortunate truth is that the longer it takes, the worse it will be, as we will have that much more debt to reckon with. - in BI Middle East

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.