October 31, 2012

The Economy Is Never Better Off From A Disaster

The economy is never better off from a disaster since it pulls resources that would have been used elsewhere. - 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.

Video: Net Add Or Net Drag?


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.

October 30, 2012

Video: The Broken Window Fallacy Explained



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 Government Isn't Being Honest About Inflation

"The government isn't being honest about inflation. According to the government, annual inflation is only about 1.5 percent a year. Now, that's not possible. How could 41 percent of the people polled by Fox News be most concerned about inflation if the government is right?" - in 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.

October 29, 2012

CNBC Video: GDP Report, Global Equities, Precious Metals



Related: SPDR SP 500 ETF (SPY), SPDR SP 500 ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM), iShares Silver Trust 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.

October 28, 2012

Gold: One Day We Are Going To Look Back At $1,700 With Nostalgia

One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price. - in CNBC

Related: SPDR Gold Trust (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.

October 27, 2012

The Dollar Index Is Going To Be Cut In Half At A Minimum

I think gold is going to go up against all currencies…central banks around the world are being too loose. The Dollar Index is going to be cut in half at a minimum. If we don’t change our policies, the dollar index could go much lower. - in Futures Now

Related: SPDR Gold Trust (ETF) (GLD), PowerShares DB US Dollar Index Bearish (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.

October 26, 2012

Gold: Only One Direction To Go

“Gold’s got only one direction to go, and that’s higher.” - in Futures Now 

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.

October 25, 2012

Video: Gold to 5,000 In A Couple Of Years



Related: SPDR Gold Trust ETF (NEM)

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.

October 24, 2012

CNBC Video: U.S. 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.

October 23, 2012

Concerns Over Our Twin Deficits Will Return With A Vengeance

When America’s creditors wake up, particularly those foreign governments now shouldering the lion’s share of the burden, concerns over our twin deficits will return with a vengeance. As the problems now loom larger than ever, so too will the economic and market implications when the issues come to a head. Interest rates will surge and the dollar will fall. But the U.S. economy is not nearly as well equipped as in 1987 to withstand the stresses.

Given the relative size of our imbalances, the manner in which they are being financed, and the diminished state of our manufacturing sector, higher interest rates and a weaker dollar will exact a much greater toll.

Despite this, I do not believe that the stock market is as vulnerable to another Black Monday. With the Federal Reserve so committed to its current course of quantitative easing, it seems to me unlikely that they will allow such a steep one-day drop. Also, with bond yields so low, domestic investors are currently presented with fewer attractive options.

 If anything, the next Black Monday is more likely to occur in the currency and/or bond markets, with safe haven flows moving into gold not treasuries. - in Market Playground

Related: SPDR Gold Trust ETF (GLD), iShares Barclays 20+ Yr Treas.Bond  ETF (TLT), SPDR SP 500 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.

Video: Schiff on FOX News (with Mike Huckabee)



Peter Schiff appears for an interview on Fox News' Huckabee and discusses inflation and the increasing cost of living. (10/20/12)

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.

October 22, 2012

Video: Presidential Debate Analysis


The Presidential "debate" between Pres. Obama and Gov. Romney looked more like a Democratic Primary debate. As far as substance is concerned neither candidate won, and the biggest loser was the voter. Here is my recap of the low lights. Too bad Gary Johnson wasn't on stage to advocate for free market solutions to government created problems.

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 Government Isn't Being Honest About Inflation

‎"The government isn't being honest about inflation. According to the government, annual inflation is only about 1.5% a year. Now, that's not possible. How could 41% of the people polled by Fox News be most concerned about inflation if the government is right?" - 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.

October 20, 2012

The U.S. Dollar Is Going To Depreciate

The closest thing I know to being a sure thing is that the U.S. dollar is going to depreciate. - in IndexUniverse

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.

October 19, 2012

The Federal Reserve Is Trying To Inflate Housing Again

The Fed is trying to inflate housing again to give a sense of wealth. But you can’t blow up a bubble that has already burst. It has too many holes. The money will not resurrect housing. - in Index Universe

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.

October 18, 2012

Video: More Inflation Will Destroy Purchasing Power


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.

October 17, 2012

The Fed Is Easing When It Should Be Tightening

The Fed’s zero percent interest rate policy is predicated on the assumption that there is currently no inflation. If this is not accurate, then they are making a major policy mistake. The Fed is easing when it should be tightening. If inflation is such a major concern now, imagine how much bigger the problem will become once the Fed achieves its goal of pushing the rate higher.

More importantly, how much tighter will future monetary policy have to be to put the inflation genie back in her bottle? If inflation becomes so virulent before the Fed realizes its mistake, then it may be forced to raise interest rates significantly. - in MarketPlayground

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.

October 16, 2012

The Inflation Problem

The fact that nearly seven times as many Americans worry more about rising food prices than falling home prices shows just how large the inflation problem must be. - 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.

Voters Identified Rising Prices As Their Primary Concern

Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the deciding factor in the presidential race will be the ability of each candidate to convince the public that his policies will create jobs. It seems that everyone got this memo…except the voters.

According to the results of a Fox News poll released last week (a random telephone sample of more than 1,200 registered voters) 41 percent identified “inflation” as “the biggest economic problem they faced.” This is nearly double the 24 percent that named “unemployment” as their chief concern. For further comparison, 19 percent identified “taxes” and 7 percent “the housing market” as their primary concern. A full 44 percent of women, who often do more of the household shopping and would therefore be more sensitive to prices changes, identified rising prices as their primary concern. - 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.

October 15, 2012

US Economy: It’s Going To Be Painful To Correct The Problem

Our economy is so screwed up from years and years and years of bad monetary and fiscal policy that it’s going to be painful to correct that problem. But we have to do it. - in 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.

The Best Thing The Government Can Do Is Shrink Itself

The best thing the government can do is shrink itself, make itself the smallest possible burden it can to allow the economy to recover. That means fewer regulations, less spending, and lower taxes. - in ETF Daily 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.

Video: Inflation Is Number 1 Concern Among Registered Voters


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 Can`t Keep Interest Rates Artificially Low

We can’t keep interest rates artificially low to stimulate the economy because it’s the low interest rates that are the source of the problem. - in ETF Daily 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.

October 14, 2012

You Can’t Blow Up A Bubble That Has Already Burst

The Fed is trying to inflate housing again to give a sense of wealth. But you can’t blow up a bubble that has already burst. It has too many holes. The money will not resurrect housing. - in a precious metals panel held at the Ritz-Carlon

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.

October 13, 2012

The Closest Thing I Know To A Sure Thing

The closest thing I know to being a sure thing is that the U.S. dollar is going to depreciate. - in a 1-day conference on precious metals held at the Ritz-Carlton

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.

October 12, 2012

Printing Money Until We Have An Economic Crisis

The Fed has said it will keep printing money until we have more jobs. That means we are going to be printing money until we have an economic crisis. - in a panel on precious metals at the 1-day conference, Ritz-Carlton

Related ETFs: iShares Silver Trust ETF (SLV), 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.

October 11, 2012

Debate: What Exactly Caused the Financial Debacle?


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.

October 10, 2012

The Real Fiscal Cliff

In fact, the real fiscal cliff comes when our creditors want their money back, and we don't have it. - in Advisor One 

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 Can't Keep Avoiding The Pain

Our economy is so screwed up from years and years and years of bad monetary and fiscal policy that it's going to be painful to correct that problem. But we have to do it. We can't keep avoiding the pain and in the process making the problem worse, because then we're just going to have even more pain in the future to fix an even bigger problem. - in Advisor One

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.

Video: Debasing The Currency



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.

Video: The Biggest Long Term Threat To The Markets Is U.S. Policy



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.

October 9, 2012

We Are Losing The Jobs That We Need

Of the 114,000 jobs that were created, 10,000 of them were from government. And that`s on top of the 45,000 government jobs that were created in the prior month.

In contrast, we lost 16,000 manufacturing jobs in September and that`s on top of the 22,000 manufacturing jobs we lost in August. In other words, we are losing the jobs that we need and gaining the jobs that we don`t. We don`t need more people working for the government. - in 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.

October 8, 2012

Video: Unemployment, US Economy, US Dollar, Gold



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.

October 7, 2012

Bonds Are The Most Vulnerable To Decline

Even bond prices can rise in the short term, but their real values are the most vulnerable to decline. In fact, even nominal bond prices will ultimately fall, as inflation eventually sends interest rates climbing. - in The Global Investor Newsletter 

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.

October 6, 2012

Video Interview: Politics, Monetary Policy, Gold Standard


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.

October 5, 2012

Weak Currencies Simply Create The Illusion Of Growth

Weak currencies are supposed to offer advantages to exporters and are seen as an easy way to boost GDP. In reality, weak currencies simply create the illusion of growth while eroding real purchasing power. Strong currencies confer greater wealth and potency to an economy. But in today's world, no central banker is prepared to stand idly by while their currency appreciates. As a result, foreign central banks are rolling out their own heavy artillery to combat the Fed. - in the Global Investor Newsletter

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.

October 4, 2012

Inflation Pushes Up Prices For Just About Everything

All of this simultaneous money creation will likely be a boon for nominal stock and real estate prices. But in real terms such gains will likely not keep pace with dollar depreciation. Inflation pushes up prices for just about everything, so stocks and real estate are not likely to prove to be exceptions. - in The Global Investor Newsletter

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.

The Policy Of The Fed Is To Debase The Currency

While I believe the Fed's plan will be a disaster for the economy, the silver lining is that it provides investors with a road-map. As the policy of the Fed is to debase the currency, those holding dollar based assets may seek alternatives in hard assets and in the currencies of the few remaining countries whose bankers have not drunken so freely from the Keynesian Kool-Aid. We believe that such opportunities do exist. - in The Global Investor Newsletter 

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.

October 3, 2012

Video: Why Silver Is A Buy Now


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 Value Of Our Money Is Going Down

“It’s not that the stock market is going up. The value of our money is going down.” - in a recent Fox Business Interview 

Related: SPDR S&P 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.

Video: We Are Already In A Recession


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.

October 2, 2012

The Real Fiscal Cliff: How to Spot the Ledge (Video)



 Archived from the live Mises.tv broadcast, this lecture by Peter Schiff was presented at the Mises Circle in Manhattan: "Central Banking, Deposit Insurance, and Economic Decline."

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.

October 1, 2012

Video: Answering A Question On Manufacturing Jobs



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.

Video: What Is Economics?


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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