August 31, 2012

Romney Is More Likely To Entertain A Free Market Solution

My hope is that Romney will have a better understanding of why it is happening (economic crisis) and more likely to entertain a free market solution. - in Fox Business

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.

August 30, 2012

There's A Direct Correlation Between The Size Of A Country's Government & Its Level Of Poverty

Naturally, people want to be rich and when they are free to profit by satisfying people's desires through ingenuity, creativity and hard work, they will do so. This not only causes them to be productive in meeting the desires of others, but causes others to be productive in meeting their desires.

 Despite its best intentions, the biggest obstacle to this freedom is government interference in the form of punitive taxation and over-regulation. In fact there's a direct correlation between the size of a country's government as a share of its GDP (gross domestic product) to its level of poverty. - in Eristical

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 Key To Escaping Poverty Is Productivity

The reason that people are poor is because they lack access to productive employment. If a farmer happened to own a piece of land but never grew anything on it, he would starve. But if he were to work the farm and produce food he would be able to eat. And if extra food is produced it can be traded for other things. So the key to escaping poverty is productivity and the key to increasing productivity is capital. - in Eristical

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.

Schiff On Fox Business News: Live From Tampa, FL


Short Summary: We are heading for a real economic collapse regardless of who wins this election;

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.

In Many Countries Gasoline Is A Luxury

One of the reasons that Americans are able to use so much gasoline is because it’s relatively cheap. A lot of Americans commute long distance to work. In a lot of other countries gas is a luxury and they maybe just take the car out for a drive on a Sunday. - in Bloomberg

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.

August 29, 2012

Gold Standard And A Membership In The Flat Earth Society

The fact that so many supposed conservatives liken a belief in a gold standard as the monetary equivalent of membership in the Flat Earth Society shows just how far the American public has come from a true understanding of how money works within an economy. - 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.

Paper Money: Every Time It Has Been Used, It Has Led Ultimately To Economic Disaster

The general idea among most economists is that gold would be a step backward for our modern monetary system -- the equivalent of trading in an automobile for a horse and buggy. However, paper money is not new. It's been around for centuries, and has been tried many times, on many continents. But every time it has been used, it has led ultimately to economic disaster. - in Europac.net

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.

Republicans Considering The Return To The Gold Standard

As Republicans convene in Tampa to nominate Mitt Romney and hammer out their party platform, one of the planks that could attract the most attention is the Party's official position on the gold standard. As it is now being considered, the platform stops short of recommending a return to the gold standard, but does advocate a commission to consider the possibility.

However, judging by the reaction with which many Republicans have greeted the idea, one would think that the platform might as well have called for the return of slavery. - in Europac

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

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.

August 28, 2012

BookTV Interview at FreedomFest 2012


BookTV Interview at FreedomFest 2012, August 27th.

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.

QE3 Was Never Off The Table

In my mind, QE 3 was never off the table. I always knew it was a sure thing. It was just a matter of time. But now the Fed came out and surprised a lot of people with its language. It basically said, ‘if we don’t get evidence soon of a sustainable increase in the economy, we’re going to have to take action.’ 

And of course, the only tool in it’s arsenal is to print money and buy bonds and try to goose the economy with the same monetary stimulus that create the problem. - in ETF Daily News

Related: SPDR S&P 500 Index ETF (SPY), iShares Lehman 7-10 Yr Treas. Bond (ETF) (IEF)

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.

August 27, 2012

The Fed Readies QE3, Republicans Re-Consider The Gold Standard


Video: The Fed readies QE3, Republicans re-consider the Gold Standard

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.

CNBC Video: The Fundamentals Are Phenomenal For Gold


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.

August 26, 2012

The Real Sovereign Debt Crisis

The real sovereign debt crisis that is coming, the real currency crisis that is coming is not the one everybody is worried about in Europe but the one nobody is worried about in the United States. - transcript from a Schiff Report 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.

August 25, 2012

More QE`s Than Rocky Movies

I have been saying we are going to have more QE`s than Rocky movies. - in a Schiff Report video

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.

August 24, 2012

Video: Gold Breaks Out


Short Summary: Peter Schiff reacts to the breakout rally of gold and silver in the wake of Federal Reserve meeting notes suggesting more money-printing on the way.

Related: SPDR Gold Trust ETF (GLD), IShares Silver ETF (SLV), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU)

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.

August 23, 2012

Akin, Rape And Abortion: The Truth Behind The Controversy




From The Peter Schiff Show: Judging by the comments on this video many of you are missing my point. If someone is pro-life, and allows an exception for rape, they must define what type of rape qualifies. I am not saying that non-forcible rapes do not occur and are not wrong. It's just that there is no immediate physical evidence to substantiate them. In contrast there is amble physical evidence to suggest forcible rape. Therefore, if any rape qualifies, any woman claiming she was raped could have an abortion, even if she was not raped in any manner. So anyone claiming to be pro-life, that makes an exception for any type of rape, is in fact pro-choice. That is because any woman who chooses to have an abortion would also choose to lie about having been raped to qualify to receive one! After all, look at all the people who lied about their incomes to qualify for mortgages. Terminating an unwanted pregnancy provides an even greater incentive.

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.

August 22, 2012

What About Money Causes Economic Crises?



Rep. Ron Paul sponsored this Congressional lecture on "What About Money Causes Economic Crises?", the concluding lecture in a three part series on the basic principles of money for Congressional staff.

As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Peter Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to Profit From the Coming Economic Collapse and How an Economy Grows and Why It Crashes.

Mr. Schiff explains the fact that the interest rate is a price and that manipulation of that price results in real changes to the capital structure and structure of production within the economy, causing imbalances, booms, and eventually busts in the economy. His lecture also explores how government intervention through labor and employment policies results in diminished employment and an overall reduction in the standard of living.

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.

August 21, 2012

As Our Standard Of Living Declines...

As our standard of living declines, smaller communities lose their connection to the airway network. - commenting on the article "Regional airlines face closings, bankruptcy", USA TODAY

Related: JetBlue Airways Corporation (JBLU), Southwest Airlines Co. (LUV), US Airways Group, Inc. (LCC)

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.

August 20, 2012

The Debate Over Balancing The Federal Budget Has Been A Central Feature Of Every Presidential Campaign

For much of the past few generations, the debate over balancing the federal budget has been a central feature of every presidential campaign. But over time, the goalposts have moved. As the amount of red ink has grown steadily larger, the suggested time frames to restore balance have gotten increasingly longer, while the suggested cuts in government spending have gotten increasingly shallower.

In recent years, talk of balancing the budget gave way to vague promises such as “cutting the deficit in half in five years.”

In the current campaign, however, it appears as if the goalposts have been moved so far that they are no longer in the field of play. I would argue that they are completely out of the stadium. - in Market Playground 

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.

Endless QE, Ryan Budget All Hope No Change, Has The Bond Bubble Burst?


Latest video market update: Endless QE, Ryan budget all hope no change and has the bond bubble burst?

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.

August 18, 2012

Video: The Estate Tax Needs To Die



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.

August 17, 2012

Video: Gold Lease Rate & Gold Prices


Related ETF: 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.

August 16, 2012

Industrial Cities Vs. College Towns

Have you noticed that industrial cities are decrepit while college towns are wealthy? American business is being robbed to subsidize a massive education bubble.

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.

August 15, 2012

Paying More Money For Food

Because of federal farm insurance, you will not only pay more money for food in the coming year, but you will also be taxed to pay the farmers for all the food they *didn't* grow. - in Facebook

Related: Powershares DB Agriculture Fund ETF (DBA)

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.

August 13, 2012

The Risk Is Not Properly Perceived

The same thing exists today with respect to sovereign debt with the U.S. economy. People assume that we have a buyable economy, we do not. America is an economy that is based on borrowing for consumption and borrowing to sustain a massive government that is spending a tremendous amount of money.

The reason that all the pieces haven’t collapsed already is because interest rates are very low and they are low because the risk is not properly perceived. - in a recent video interview

Related ETFs: SPDR Gold Trust (ETF), iShares Lehman 20+ Year Treas.Bond ETF (TLT), iShares Lehman 7-10 Yr Treas. Bond ETF (IEF)

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 Perfect Storm

The perfect storm is the real fiscal cliff that we’re going to go over. The real fiscal cliff is when we can’t borrow any more money because our creditors wake up to the fact that we’re no good for the debt and interest rates start to rise.

They (interest rates) rise sharply and then we have to choose between default and collapse, or runaway inflation. That’s really the perfect storm and unfortunately we are sailing right in to it. - in Business Insider

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.

August 12, 2012

2008 Was Just An Overture

Two-thousand and eight was just an overture. The opera is coming. The real financial crisis is coming in 2013, 2014. - in Slate Magazine

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.

August 9, 2012

The Glory Days Are Over For The Bond Market

I think the glory days are over for the Bond market... maybe they are not over today... I have been saying this for a while just like I was warning earlier about the housing bubble.

I think more investors who have sought out bonds as an alternative to weak performance in stocks, I think that's where the next catastrophe is going to be as far as catastrophic losses. And not just in treasuries as I think any long term debt instrument denominated in dollars is going to go down but particularly sovereign credit.

People perceive it as being safe. The way I look at it there is only two alternatives for bond holders, either they lose due to default or they lose due to inflation. - in Fox Business News 

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

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.

August 8, 2012

Interest Rates Cannot Stay Low Forever

Those who believe that artificially low interest rates are needed now, fail to see the price that will be paid down the road. By keeping rates too low, the Fed continues to lead an overly indebted economy deeper into the financial abyss. However, its ability to maintain rates at such low levels is not without limits.

Just as real estate prices could not stay high forever, interest rates cannot stay low forever. When rates finally rise, the extent of the economic damage will finally be revealed. - in Schiff Radio

Related: iShares Lehman 7-10 Year Treasury Bond (ETF) (IEF), 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.

The U.S. Economy Is Stagnating At Best And Actively Deteriorating At Worst

The employment report released on Friday confirmed that the U.S. economy is stagnating at best and actively deteriorating at worst. While the numbers of jobs created in July was actually better than many economists expected, it was still far below the levels that would indicate a growing economy.

But more important than the official unemployment rate (which ticked up to 8.3 percent) or the number of jobs created, is the number of people who have left the workforce out of frustration or despair. This number continues to head higher.

The labor force participation rate, which is the percentage of healthy working age Americans who actually have jobs, is at one of the lowest points since women first started working en masse in the 1970's. - in Schiff Radio

Related: SPDR SP 500 ETF (SPY), SPDR Dow Jones Industrials ETF (DIA)

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.

August 6, 2012

Medicine Doesn't Taste Good Sometimes

‎"Medicine doesn't taste good sometimes. But if it's going to cure you, you don't not take it because you don't like the taste!" - in Peter Schiff`s Facebook Page

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.

August 4, 2012

Fox Business Video Interview



Latest Fox Business 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.

August 2, 2012

The Counter Flow Into Gold Will Be Tremendous

I've seen markets like this before, and by making some reasonable inferences, I have a good picture of how this could play out. Gold will continue testing the $1,600 barrier until it surprises to the upside.

This could be spurred by the announcement of QE III, a calming of fears in Europe, or any shock to the Treasury market. Treasuries have temporarily overtaken gold as the primary safe-haven asset. Once that dynamic is broken, I believe the counter flow into gold will be tremendous. - in Seeking Alpha

Related: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (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.

Gold: Surprises To The Upside

Gold will continue testing the $1600 barrier until it surprises to the upside. - in The WSJ

Related: SPDR Gold Trust ETF (ETF)

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.

Social Media: A Lot Of These Companies Are Going To Make A Quick Buck And Flame Out

"A lot of these companies are going to make a quick buck and flame out. Just look at 10 years ago.” - Peter Schiff, Chief Executive of Euro Pacific Capital, comparing the social media companies of today with the dot-coms of yore

Related: Facebook (FB), Zynga (ZNGA), Groupon (GRPN), Angie's List (ANGI), Pandora Media (P)

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.

August 1, 2012

If You Thought 2008 Was Bad...You Ain't Seen Nothin' Yet!

The crash that I was forecasting hasn't happened yet, but it will... I wrote this book to prepare people for what will happen because if you thought 2008 was bad...you ain't seen nothin' yet! - in PS` Facebook page about his latest book, The Real Crash

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.