April 22, 2012

Why Do We Need A Secretary Of The Treasury?

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.

April 21, 2012

Money Printing Is Merely Taxation In Another Form

"Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power." - (a famous quote from 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.

April 19, 2012

The Next Big Move In Gold Will Be Up

The bottom line here is gold is headed much higher and the next big move in gold will be up. People who speculate are betting on a huge drop in gold. That’s what the gold stocks are forecasting. They are forecasting a precipitous decline. - in Kitcomm

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

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.

April 18, 2012

Betting Against Gold Has Been The Wrong Trade

I think a lot of the professional money managers, professional speculators, they’ve been betting against this gold bull market for the the last ten years. Betting against gold has been the wrong trade.

Related, SPDR Gold Trust ETF (GLD), Gold Futures

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.

April 17, 2012

The High Oil Prices Are A Tax

The high oil prices are a tax. That tax is going to get higher and higher and higher as more money has to be printed to buy all these bonds because the government isn't collecting enough in taxes to pay for everything it's spending. At some point there will be a limit to how much inflation they will create. - in conway daily sun

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.

April 16, 2012

Video: Central Bankers Are Clueless



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.

April 13, 2012

The Consumer Is Not The Engine, The Consumer Is The Caboose

"You don’t drive an economy by consuming – the consumer is not the engine, the consumer is the caboose." - Peter Schiff (a famous quote)

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.

April 12, 2012

Legitimate Economic Expansions vs. The Inflation-Induced Varieties

Legitimate economic expansions, financed by actual savings, do not need busts. It is only the inflation-induced varieties that sow the seeds of their own destruction. - in Wiki Quote, excerpt from the Crash Proof

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.

April 11, 2012

Explaining The Business Cycle

”To explain business cycles and how they work, the boom is the problem, the bust is the solution. The boom is like an artificial high, like you take heroin, you shoot up and it makes you feel good, it’s artificial. You want to get healthy, then you have to go to rehab, detox. You go cold turkey, you go though withdrawal. The withdrawal symptoms are very unpleasant, painful but it’s necessary if you want to remove these toxins from your system and become healthy again.

The same thing happens in the business cycle, when you have a central bank, same as the 1920s (cause of great depression), you have monetary policy that is too inflationary and you create an asset bubble, you create mal-investments. And the mal-investments need to be purged. The economy needs to be rebalanced” - in PSC

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.

April 10, 2012

Don`t Catch Recovery Fever

The Obama Administration is touting recent job growth, and while this is a pleasant story to hear in an era of massive unemployment, it disintegrates when put in context. The 227,000 jobs gained – which merely kept the unemployment rate steady at 8.3 percent – were counterbalanced by a much worse trade deficit tally: 52.4 billion USD, the highest level since just before 2008 crash.

The trade deficit is a real measure of whether our jobs are producing enough wealth to pay for our consumption. If we were adding productive jobs, I would expect the deficit to be shrinking. A look at the data shows that employment increased by only 16% in the primary and secondary sectors, where we need them the most. The majority of new jobs are still inflated sectors like healthcare (26 percent), temp work (20 percent), hospitality (19 percent), and consulting (16 percent), which will disappear as fast as they appeared when the bubble collapses. This is what we saw in finance and real estate when the housing bubble burst in 2008.

Imagine the trade deficit is like a corporate balance sheet. You hire a bunch of new employees for your company, but instead of making bigger profits, you find yourself losing even more money than when you started. Are you going to hold on to those people? - 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.

April 9, 2012

The Recovery Is Not Only Going To Falter - It's Going To Evaporate

Gold has been holding steady in the the $1,600-$1,800 band since early October. This could be attributed to consolidation after last summer's historic run up to $1,895, but I think this wait-and-see attitude reflects current market sentiment toward the US dollar.

In fact, the first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing (QE3) after the most recent Fed Open Market Committee (FOMC) meeting. Once again, the markets are responding to the headlines while losing sight of the fundamentals.

This is especially peculiar because the Fed did not explicitly take QE3 off the table. In fact, according to the minutes, if the recovery falters or if inflation is too low, the Fed is already prepared to launch QE3. While there is not much chance of low inflation, I'll explain below why the recovery is not only going to falter - it's going to evaporate like the mirage that it is! - in Europac

Related, 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.

April 8, 2012

How Do You Satisfy Unlimited Demand With Limited Resources?

"The whole science of economics, as I see it, is how do you satisfy unlimited demand with limited resources?" - a famous quote from 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.

April 6, 2012

Printing Money Is Merely Taxation In Another Form

"Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power." - (a famous quote from 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.

April 5, 2012

The Fed Unspun: The Other Side of the Story


The Fed Unspun: The Other Side of the Story, Reason 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.

April 4, 2012

Videoblog: FOMC Minutes, QE3


Latest video market update on the Schiff Report.

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.

April 3, 2012

The Fed Is The Biggest Enemy Of This Economy

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I’m concerned, he’s public enemy No. 1. We’re never going to have a recovery while this guy’s in charge. - 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.

April 2, 2012

We Have To Kill This Phony Economy

This whole phony economy the Fed has constructed with cheap money is going to come toppling down. But the reality is we have to kill this phony economy because it’s unsustainable. We need to replace it with a viable one but unfortunately to do that there’s a lot of short-term pain because we’ve got to unwind this bubble, and the Fed doesn’t want that to happen. - 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 Substance Is Inflation

The substance is inflation. It’s that the dollar we use to buy equities are losing value. This is not about the stock market going up. It isn’t going up. That’s a delusion created by the Fed. - in CNBC

Related, SPDR S&P 500 Index ETF (SPY)

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.

Articles