A Bigger Crisis Than The One We had In 2008

“I am 100 percent confident that the crisis that we’re going to have will be much worse than the one we had in 2008.” - in MarketWatch

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 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.

Video: Gold & Gold Miners Outlook

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Freeport-McMoRan Copper and Gold Inc. (FCX), AngloGold (AU), 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.

Currency War: The Only Real Way To Win Is Not To Play

"A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play." - in The Daily Bell

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.

Never In The Course Of History Has A Country's Economy Failed Because Its Currency Was Too Strong

"Never in the course of history has a country's economy failed because its currency was too strong. It's a pathology that simply does not exist. On the other hand, the list of those ruined by weak currencies is extensive. The view that a weak currency is desirable is so absurd that it could only have been devised to serve the political agenda of those engineering the descent." - in The Daily Bell 

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.

Strong Currencies: There Is Ample Evidence That They Increase Domestic Purchasing Power

"While there is little reason to believe that strong currencies stifle exports, there is ample evidence that they increase domestic purchasing power, which is a real test of economic success." - in The Daily Bell

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 US Dollar Is The Beneficiary Of Any Other Country's Intervention

"But when it comes to relative currency valuations, the United States dollar exists in a world of its own. As the international reserve, the dollar is the de facto beneficiary of any other country's intervention. When countries intervene, they do so specifically against the dollar. In addition, many countries, (China and Taiwan, for instance) maintain a pegged relationship to the Greenback. Therefore in a world dominated by interventionist banks, the factors that push the dollar have been inverted. The dollar falls when fundamentals either improve abroad or deteriorate at home (both cases increase the propensity for intervention). The rest of the world's currencies compete on their own merit. As a result, it is not an accident that over the last decade Australia, New Zealand, and Switzerland, three of the world's strongest economies, have produced strong currencies." - in The Daily Bell 

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 Merits Of A Strong Currency

"While the world's economies jockey one another for the lead in the currency devaluation derby, it's worth considering the value of the prize they are seeking. They believe a weak currency opens the door to trade dominance, by allowing manufacturers to undercut foreign rivals, and to economic growth, by fighting deflation. On the other side of the coin, they believe a strong currency is an economic albatross that leads to stagnation. But the demonstrable effects of currency strength and weakness reveal the emptiness of their theory.

A country that attracts investment from abroad (through stable and fair governance, low taxes, a growing economy, and a productive labor force) and produces goods that are in demand on the global stage will generally see a rising currency. In essence, this is the reward for a job well done. Strong currencies then help nations stay strong by conferring greater purchasing power to its citizens and businesses, which keeps input costs low, thereby enhancing international competitiveness. Strong currencies also encourage savings, keep real interest rates low, lower capital costs, and allow for greater productivity and higher real wages." - in The Daily Bell

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.

If The Fed Withdraws The Stimulus, The Economy Will Be In A Worse Recession Than In 2008

"If the Fed withdraws the stimulus, the economy will be in a worse recession than in 2008 and 2009. That doesn't mean the Fed shouldn't do it But had the Fed done the right thing in 2008, we wouldn't be in this situation."

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 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.

People Who Talk About The Fed Taking Away The Punch Bowl Are Wrong

"People who talk about the Fed taking away the punchbowl are wrong. The Fed is not going to do that. Unfortunately, it's going to keep spiking the punch. The $85 billion a month is not enough to keep this phony economy from imploding. The Fed is going to have to increase the size of its monthly QE." - in Money News

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

American Debt: Anybody Who Doesn't See That It's Junk Probably Deserves To Lose Money

"It doesn't really matter what kind of rating Moody's or S&P put on it. Anybody who doesn't see that it's junk probably deserves to lose money." - in Index Universe 

Related ETFs and trading instruments: iShares Barclays 20+ Year Treasury Bond ETF (TLT), iShares Lehman 7-10 Year Treasury Bond ETF (IEF), US Treasuries

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.

U.S. Economy: We Have A Lot Of Problems Coming

"We have a lot of problems coming, and the Fed and the government have made a lot of those problems worse with the quantitative easing and with the stimulus. And people who talk about the Fed taking away the punch bowl are wrong. The Fed is not going to do that.

Unfortunately, it’s going to keep spiking the punch. The $85 billion a month is not enough to keep this phony economy from imploding. The Fed is going to have to increase the size of its monthly QE." - in HAI

Related ETFs: Financial Select Sector SPDR (XLF), SPDR Gold Trust ETF (GLD), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 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.

The Fundamentals Have Never Been Better For Gold

"The fundamentals have never been better for gold. The fact that there’s so much negativity in the mainstream investor community and the media, I think, is an excellent sign. The gold market kind of stagnated after the speculators jumped on board in the last year or two—we haven’t really made new highs. And now that we’ve gotten rid of all that dead weight, the market is clear to make new highs." - in HAI 

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU), Freeport-McMoRan Copper and Gold Inc. (FCX), 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.

Japan Will Unleash An Inflation Tsunami If It Tries To Keep Its Bond Bubble From Popping

"Japan will unleash an inflation tsunami if it tries to keep its bond bubble from popping with more qualitative easing. If it shows restraint, the bubble will burst, eventually taking stocks down with it." - 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: GoldSeek Radio (ft Peter Schiff)

Related ETFs: SPDR Gold Trust ETF (GLD), 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.

Economic Law Dictates That Demand Increases When Prices Fall

"The idea that informs Abe's plan, that rising prices entice consumers to buy before prices go up, is clearly suspect as economic law dictates that demand increases when prices fall." - in CNBC

Related ETFs: iShares Japan ETF (EWJ)

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: Stocks Rise As Recovery Fantasy Fades, Oil Breaks Out, Potential Bottom In Gold & Silver

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 ETF (SPY), SPDR SP 500 ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), United States Oil Fund 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.

Video: Coming Japanese Crisis Will Spike Gold

Related ETFs: SPDR Gold Trust ETF (GLD), iShares Japan ETF (EWJ)

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: Central Banks Policies Will Drive The Metal To New Highs

"Gold is a buy, and the Federal Reserve and Bank of Japan policies will drive the metal to new highs. So will the easy-money policies of other central banks that are joining the currency war." - in CNBC

Related ETFs: SPDR Gold Trust ETF (GLD), 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.

Japan: The Plan Is Destined To Fail - And Quickly

"The idea that informs Abe's plan, that rising prices entice consumers to buy before prices go up, is clearly suspect as economic law dictates that demand increases when prices fall. Thus, he said, the plan is destined to fail—and quickly.

Japan will unleash an inflation tsunami if it tries to keep its bond bubble from popping with more qualitative easing. If it shows restraint, the bubble will burst, eventually taking stocks down with it." - in CNBC

Related trading instruments: Nikkei 225 Index, USD/JPY cross, 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.

Going To College Or Smoking Cigarettes - Which One Is Worse For You?

Video: Going To College Or Smoking Cigarettes - Which One Is Worse For You?

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: That`s What Happens In A Bull Market

"That’s what happens in a bull market. The sell-offs shake out the Johnny-come-latelies. It’s healthy. Now we can have a real rally." - in Boston Globe

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

Much Of The Apparent Growth Is An Illusion

"If consumer inflation data were reported more accurately, it would be revealed that much of the apparent growth is an illusion. The patient is getting sicker, but the doctors are too distracted to notice." - in Money Morning  

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), 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.

Increased Share Of Spending On Necessities Like Food And Energy Is Consistent With Falling Living Standards

"The trend corresponds with the steady increase in the share of income that Americans devote to food and energy. According to the Bureau of Economic Analysis data, in 2002 Americans spent about 17.8 percent of income on food and energy. In the first quarter of 2013 the share had risen by a factor of 20 percent to 21.3 percent of income. Increased share of spending on necessities like food and energy is consistent with falling living standards. In the poorest countries almost all of income is devoted to such things." - in Money Morning

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.

Americans Are Downsizing Their Lives As Their Incomes Fail To Keep Pace With Rising Prices

"More information has come in since then that tells me the same thing: that Americans are downsizing their lives as their incomes fail to keep pace with rising prices. These symptoms are at odds with the widespread belief in an accelerating recovery that has resulted in braggadocio in Washington and euphoria on Wall Street." - in Money Morning

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 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.

Video: Sometimes Confidence Is Not A Good Thing

Related ETFs: SPDR SP 500 Index ETF (SPY),  SPDR Dow Jones Industrial Average 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.

Gold Is Going To Go Higher Than $5,000

"I think gold is going to go higher than $5,000. And you think gold is falling quickly now—wait till you see how fast it rises." - in Wealth Daily

Related stocks and ETFs: 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.

The Economy Shows Symptoms Of Low Growth, Rising Prices, And Diminishing Purchasing Power

"A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools. When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments. This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the hook for treatment costs. The same holds true for the U.S. economy. Although our government-supplied data suggests we are experiencing low inflation and modest economic growth, the economy shows symptoms of low growth, rising prices, and diminishing purchasing power." - in Finance Townhall 

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

Video: Monetary Caffeine

Related: SPDR Dow Jones Industrials ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR SP 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.

The Peter Schiff Show: Central Bankers Peer Pressure

Related: Australian Dollar, New Zealand Dollar, Japanese Yen, Polish Zloty, iShares MSCI Australia Index Fund ETF (EWA), Market Vectors Poland ETF (PLND)

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.

People Think The U.S. Economy Is Recovering. It's Not.

"People think the U.S. economy is recovering. It's not. It's strictly a result of money printing. Since the Fed is going to have to print more and more money to keep this phony recovery from imploding, it's extra bullish for gold." - in Money News

Related ETFs: SPDR Gold Trust ETF (GLD), SPDR SP 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.

Gold: The Fundamentals Have Never Been Better

"I don't think that the fundamentals have never been better. The fact that there's so much negativity argues well for many, many years of a bull market." - in Yahoo Finance 

Related stocks and ETFs: SPDR Gold Trust ETF (GLD), 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.

Video: US Economy, Stock Market & Gold

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR SP 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)

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.

Japan: There Is A Crisis Coming

"If the government says we're going to get 2 percent inflation and you're sitting on a bond that yields 1/4 of 1 percent and the price of everything is going up, why would you sit and hold on to those bonds? So there is a crisis coming." - in Yahoo Finance

Related: Nikkei 225, Japanese Bonds, iShares Japan ETF (EWJ)

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 Economy Only Looks Like It Is Improving

Related ETFs: SPDR SP 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Gold: The Long View

"Fair-weather investors in gold jump at the first sign of turbulence because they do not have a clear concept of the monetary transformation that is taking place. They see other gold investors as greater fools who they must beat to the safety of US dollars when the music stops. Fortunately for those who know better, these momentary panics allow us to buy their gold at steep discounts." - in IB Times

Related stocks and ETFs:  Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU), 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.

Video: Will Stocks Continue To Rally?

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 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.

The Bottom Will Drop Out Of The Dollar

“The bottom will drop out of the dollar. The US dollar is going to lose a lot of value. Not only against goods, but against other fiat currencies. The dollar is going to go down, that’s going to push prices up higher in the United States, consumer prices. Eventually the fed is going to have to turn off the presses in order to save the dollar and that’s when the real fun begins, because that’s when this whole bubble economy implodes…” - 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: Behind The Numbers Lurks A Bubble Disguised As A Recovery

Related: SPDR Dow Jones Industrials ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR SP 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.

Clumsy Tricks Have Been Used To Make Our Unemployment Problem Appear Less Severe

"Similarly clumsy tricks have been used to make our unemployment problem appear less severe. Over the years new methods have been introduced to factor out those who have "dropped out" of the labor force or to count part-time or temporary workers as employed.

All this takes us right back to Don Draper. If you can't change the conversation, change the words. If that doesn't work, just change the dictionaries." - in Finance Townhall 

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 Big Mac Index & The CPI Index

"Since the late 1980's, The Economist Magazine has compiled something called the "Big Mac Index,"(BMI) a global survey of the cost of McDonald's signature hamburger. Although the index is primarily used as a means to compare purchasing power parity around the globe, it also can be used to track the prices of Big Macs in the U.S. over many years.

From 1986 to 2003 the U.S. BMI rose roughly in line with the CPI. Although the burger occasionally rose faster or slower, over that 17 year period both indexes increased by about 68% (or about 4% per year). But from April 2003 to January 2013 the CPI Index is up just 25% percent (from 183.8 to 230.28 or about 2.5% per year) while the BMI is up 61% (from $2.71 to $4.37 or about 6.1% per year), or more than twice the rate of inflation.555 What could possibly account for the difference? Has the Big Mac gotten bigger, better, tastier, or healthier? As an iconic product, McDonald's has been reluctant to change a proven formula. If the Big Mac hasn't changed, is it possible that our inflation yardstick has?

It has been estimated that if the government used the same methodology to measure inflation that it used during the 1980's, we would be currently dealing with official inflation that would be many times higher than today's official 1.5% rate. The Big Mac appears to confirm this." - in Finance Townhall

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.

Fair-Weather Investors In Gold Jump At The First Sign Of Turbulence

"Fair-weather investors in gold jump at the first sign of turbulence because they do not have a clear concept of the monetary transformation that is taking place. They see other gold investors as greater fools who they must beat to the safety of US dollars when the music stops. Fortunately for those who know better, these momentary panics allow us to buy their gold at steep discounts." - in Street Insider

Related ETFs: 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.

The Federal Reserve Knows That The U.S. Economy Is Not Recovering

The Fed knows that the U.S. economy is not recovering. It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.”  - in ETF Daily News

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY), 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.

The Crisis Is Imminent

“The crisis is imminent. I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems. We’re broke. We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.” - in ETF Daily News

Related ETFs: SPDR SP 500 Index ETF (SPY), SPDR Dow Jones Industrial Average 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.