October 18, 2013

Gold is Going to Make New Highs

"Gold is going to make new highs – well above $2,000. People are going to forget that this correction ever took place and we're going to keep on going higher because we are in a major, historic gold bull market." - in Yahoo Finance 

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 Keeps Buying Bonds To Keep Interest Rates From Rising

The Federal Reserve keeps buying bonds to keep interest rates from rising. We have no choice but to default if creditors want their money back. If interest rates go up, we can’t afford that. That is why the Fed feels that it has to keep interest rates down at all costs. So the Federal Reserve prints more money to buy up bonds. That puts pressure on the dollar. Foreign central banks than buy those dollars to prevent their currencies form rising, which imposes costs on their own population, as they are forced to absorb our inflation.

There will be big spikes in commodity prices, like energy and food. Ultimately, we will be forced to make even bigger cuts than the ones we would have made now had the debt ceiling not been raised. Then we’ll be Greece, essentially. If we refuse, and keep spending, and the Fed prints even more money to buy the bonds no one else will buy, we’ll destroy the dollar and then we’ll be Weimar Germany. - in Daily Caller

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.

October 17, 2013

Video: Janet Yellen Exposed - The Truth Behind the Myth



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, 2013

Fiat Standard vs. Sound Money

"It’s the politicians that want to be on a fiat standard. They don’t want the discipline of gold. It is the public, the people that want sound money. The government wants paper money." - in Minyanville 

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.

October 15, 2013

Paper Currencies Are Going To Be Backed By Gold

"I think these paper currencies are going to have to be backed by gold. I think that right now currencies are backed by the dollar; the world is on a dollar standard. Unfortunately, the dollar is backed by nothing. You cannot back a currency with another currency if the latter currency is backed by nothing. There has to be an anchor somewhere." - in Minyanville 

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.

October 13, 2013

Video: Debt Ceiling, Gold & Janet Yellen



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, 2013

The Idiocy At Obamacare Call Centers




This is the funniest video on this website. Hilarious stuff on Obamacare.

Video: Obama Lies About The Implications Of Raising The Debt Ceiling



Peter Schiff discusses the implications of raising the debt ceiling and the President`s recent remarks on the subject.

October 3, 2013

Video: The Media Is Spinning The Government Shutdown



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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