August 31, 2013

Video: GDP Numbers Fudged



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, 2013

Gold: The Fundamentals Are Fantastic

"It's a monetary problem we have. We have a dollar crisis coming, a bond market collapse coming. Gold is going to be a safe haven for all of that. The fundamentals are fantastic." - in CNBC 

Related ETFs: Financial Select Sector SPDR (XLF), SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), iShares Lehman 7-10 Yr Treas. 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.

August 29, 2013

Video: Gold Shorts Are In For A World Of Hurt


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.

August 28, 2013

Video: Protecting Workers "Rights" Protects Them From Getting Jobs


Related ETFs: iShares MSCI Spain Capped ETF (EWP)

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, 2013

The New GDP Methodology

"They weren't trying to be more accurate, they were trying to get a bigger number." - 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.

GDP: The Controversial New Methodology

"That's not investment, that's spending. If you pay Tom Cruise $20 million to star in a movie, that isn't the same as using $20 million to build a factory, but now it is." - 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.

August 26, 2013

We Are Heading For An Economic Crisis

"I think we are heading for a worse economic crisis than we had in 2007." - in the Wall Street Journal (blog) 

Related ETFs: Financial Select Sector SPDR (XLF), 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.

GDP Reports & Government Propaganda

“I think we have been getting overly optimistic [GDP] assessments from the government. They want to make GDP appear bigger than it normally would be, and growth to appear bigger. So this is government propaganda.” - in Yahoo Finance

Related ETFs: Financial Select Sector SPDR (XLF), 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: Everything Supports The Fact This Is Yet Another Buying Opportunity

“I think everything supports the fact this is yet another buying opportunity in a string of buying opportunities. In fact, I think this may be the best buying opportunity yet." - in Money News 

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

August 25, 2013

QE, Tapering & Bluff

"The number that is on everybody`s mind is 85. Eighty five billion a month in QE. The market that lives by QE, dies by QE. People are starting to factor in tapering. And if the Fed tapers this market is going a lot lower. I think they are not going to taper, I think they are just bluffing, I think it`s all talk." - in a recent CNBC 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 23, 2013

Video: The Market That Lives By QE, Dies By QE



Related ETFs: iShares Barclays 20+ Yr Treasury Bond ETF (TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (IEF), iShares MSCI Emerging Markets Index ETF (EEM), 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.

August 22, 2013

The Inflation Numbers Are Going To Get Bigger

“It’s going to be harder and harder for the U.S. government to borrow money from abroad which means the Fed is not going to be tapering. They’re going to print more and more money to buy the bonds nobody else wants. That means the inflation numbers are going to get bigger, and the government is going to have to lie even more.” - in Investment Watchblog

Related ETFs: SPDR Dow Jones Industrial Average 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.

August 21, 2013

Real & Nominal GDP: How Do We Measure Inflation

"A minor, but persistent under bias in the inflation gauge used in the Gross Domestic Product (GDP) may have created a wildly distorted picture of our economic health.

It would be impossible to measure the economy without "backing out," inflation. That is why economists are very careful to separate GDP reports into two categories: "nominal" (which are not adjusted for inflation), and real (which are). Only the real reports matter. The big question then becomes, how do we measure inflation?" - in Finance Town

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

Hall 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.

Compound Interest: The Most Powerful Force In The Universe

Albert Einstein, a man who knew a thing or two about celestial mechanics, supposedly once called compound interest "the most powerful force in the universe." While the remark was likely meant to be funny (astrophysicists can be hilarious), it sheds light on the often overlooked fact that small changes, over time, can yield enormous results." - an excerpt from the GDP Distractor 

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, 2013

Federal Reserve: The U.S. Economy Is In Trouble Regardless Of Who President Obama Chooses

“I think the U.S. economy is in trouble regardless of who President Obama chooses, because it’s going to be more of the same policies that have brought the country to the brink of economic ruin.” - in WND  

Related ETFs: Financial Select Sector SPDR (XLF), 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.

August 19, 2013

Retailers & The Economy

"(...) First of all, look at the earnings. We got earnings from Macy`s (M) and from Wal-Mart (WMT), very different types of stores but both had the same story. Their sales both missed Wall Street estimates. Their customers aren`t shopping as much, they are not buying apparel or whatever that is they are selling there and so their stock prices were down. But if the economy is really getting better why aren`t you seeing that at these retailers? " - in a recent 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.

Video: Markets Confirm The Recovery Is Tapering Before The Federal Reserve


Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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 18, 2013

Who Believes That Inflation Is Currently Running Below 1 Percent?

"The most recent GDP projection used an annualized .07 percent inflation deflator to arrive at 1.7 percent growth. Anyone who believes that inflation is currently running below 1 percent has simply no grasp of our current economy." - 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.

August 17, 2013

Video: Battle Over Inflation


Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average 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.

August 16, 2013

Video: Ideas That Will Not Boost Employment


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, 2013

Next Fed Chairman: It's Going To Be More Of The Same Policies

"I think the U.S. economy is in trouble regardless of who President Obama chooses because it's going to be more of the same policies that have brought the country to the brink of economic ruin." - in Yahoo Finance

Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average 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.

August 14, 2013

Federal Reserve Policies Will Push The U.S. Over The Edge

"I think the U.S. economy is in trouble regardless of who President Obama chooses because I think it's going to be more of the same policies that have brought the country to the brink of economic ruin. And I think it's those policies that's going to push us over the edge." - in Money 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.

The Choice Between Yellen & Summers

"I've been talking about the choice between Yellen and Summers as being asked to choose your method of execution. Do you prefer the guillotine or do you want a firing squad?" - in Money 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.

With A Proper GDP Deflator The U.S. Economy Would Be Contracting

"If you look at the deflator that the government used in the second quarter GDP... (the deflator is how you adjust nominal GDP for inflation). According to the government, inflation on an annualized rate for the whole year was 0.7 percent. 0.7 percent, that`s it? I don`t believe that for a nanosecond. In fact, inflation is a lot higher than that, I mean, it`s much higher than 2 percent, probably higher than 5 percent. (...) What I know for sure is that there`s not a chance it is 0.7 percent.

Now if the government used an accurate deflator, than I believe that we would have already have reported a negative quarter for the second quarter of 2013, the US economy would be contracting." - in The Schiff Report

Related ETFs: Financial Select Sector SPDR (XLF), 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: Taxes, Inflation Will Cause More US Emigration


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, 2013

Video: The U.S. Is In A Recession Right Now



Related ETFs: Financial Select Sector SPDR (XLF), 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.

Jobs, GDP, and the Fed: Propaganda Disguised as Information


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, 2013

Higher Interest Rates & Sound Money

"What the economy needs is higher interest rates and sound money." - in Yahoo Finance 

Related ETFs: Financial Select Sector SPDR (XLF), 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 Next Federal Reserve Chairman

"Of all the choices, Yellen is probably the worst of the bunch. I think the U.S. economy is in trouble regardless of who President Obama chooses because it's going to be more of the same policies that have brought the country to the brink of economic ruin." - in Yahoo Finance

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.

August 9, 2013

There`s No Way To Prevent A Crash

“The aftermath is going to be far worse than what happened in 2008-2009. We’re gonna have a crash, there’s no way to prevent it." - in Canada AM

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 7, 2013

The United States Is In A Recession RIght Now

“The United States is in a recession right now, in fact it has been for the entirety of the Obama presidency." - in Canada AM 

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.

August 6, 2013

Detroit: Private Enterprise Built It, Government Destroyed It

"The real story of Detroit is that its problems are entirely man-made, and can be summed up in seven words. Private enterprise built it, government destroyed it. That is the screaming headline that is unfortunately absent from the media coverage." - an excerpt from Detroit Broke City 

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 5, 2013

The U.S. Economy Is Completely Addicted To Monetary Heroin

“Because he knows that he can never taper, he’s just bluffing, he can’t tell the market the truth, that the U.S. economy is completely addicted to his monetary heroin.” - in Canada AM 

Related ETFs: Financial Select Sector SPDR (XLF), SPDR SP 500 Index ETF (SPY), SPDR Dow Jones (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 4, 2013

Video: Performing Stand Up For "New York`s Funniest Reporter"


Video Summary: Peter Schiff performing stand up comedy for "New York's Funniest Reporter" at Comic Strip Live in New York City on July 21, 2013. Peter jokes about the national debt and the Federal Reserve.

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 3, 2013

The Death Spiral of the Motor City

"It should come as no surprise that the lessons that should be learned from the bankruptcy of Detroit, a city that once stood as the shining example of America's industrial might, are being ignored by the American political establishment and its allies in the docile press corps. While the death spiral of the Motor City may be extreme in relation to conditions throughout the country, it is a difference of degree rather than design. In truth, Detroit is our canary in the coal mine. It is succumbing to the same combination of productive decay, government mismanagement, and unmanageable debt that is crushing the rest of us." - an excerpt from Detroit Broke City 

Related ETFs: Financial Select Sector SPDR (XLF), 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 2, 2013

Fundamental Data Is Consistent With A Shrinking Economy

“If you look at the fundamentals, if you look at the contracting labour force, the declining use of energy, the explosion of poverty in America, and income inequality, the record numbers of food stamps and disability, all the part-time jobs that are now replacing the full-time jobs that we’ve lost, all of this is consistent with a shrinking economy. But the government won’t admit it.” - in Canada AM 

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

August 1, 2013

Video: Job Market, Minimum Wage & Value Added


Related stocks: McDonald`s (MCD), Starbucks (SBUX), Chipotle Mexican Grill (CMG)

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.

Moving Into Gold-Mining Stocks

"We've been moving clients from physical gold into gold-mining companies." - in Investment News

Related ETFs: Newmont mining (NEM), Barrick Gold (ABX), Goldcorp (GG), 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.
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