Peter Schiff Blog

Advocates Of Government Stimulus Are Running Victory Laps

2012-02-15T04:43:00.000-08:00

Advocates of government stimulus are running victory laps on recent developments that appear to vindicate their strategy. In particular, Paul Krugman compares the sluggish growth in Europe to the somewhat-less-sluggish growth in the US to prove that stimulus was more effective than austerity. Other economists are using government inflation measures to defend Fed Chairman Bernanke's easy-money policy. The only problem is, they're calling the race before the finish line is even in sight.

As usual, Paul Krugman overlooks basic economics (which, despite his Nobel Prize, is a science about which Mr. Krugman really knows very little). The reason stimulus is so politically popular is that it appears to work in the short-term. However, appearances can often be deceiving, as they are right now in the US. Stimulus merely numbs the pain of economic contraction, as the underlying trauma gets worse. Austerity might slow an economy down, but at least the wounds are able to heal. America has chosen the former and Europe the latter, albeit not quite as large a dose as needed. The fact that in the short-run Europe is suffering more than the US does not vindicate Washington's approach. On the contrary, this is exactly what is to be expected.

What we're seeing is like a race where each runner has a broken ankle. One has a coach who tells him to pace himself and not worry so much about winning this one, while the other coach gives his runner a shot of painkillers and tells him to give it all he's got. Of course, early in the race, the doped-up runner is going to be flying down the track like nothing's wrong, while the other runner might be limping at half his normal speed. However, when the drugs wear off, the sprinter is liable to collapse from pain, leaving the better-coached runner to limp across the finish line.

The true test is not the immediate effects of stimulus or austerity, but the long-term results. For that reason, Krugman’s conclusions are meaningless. The apparent success of stimulus simply results from spending more borrowed money on government programs and consumption. But don't we all agree now that this is exactly what caused the financial crisis in the first place? - (source: 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.

Buying Longer Term Treasuries Is An Incredible Risk

2012-02-14T10:10:00.000-08:00

A lot of them (retirees) are buying longer-term U.S. Treasuries, you know, maybe 30 years to get extra yield. In so doing, they’re taking enormous risks. In fact, many of the funds that are out there are actually levering up longer-term debt. That’s incredible risk. Other people are buying overpriced stocks. - in Beacon Equity

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

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Real Recession, Real Recovery & Government Intervention

2012-02-14T06:48:00.000-08:00

In other words, because the government will not allow the pain of a real recession, we will never experience the gain of a real recovery. - excerpt from The Little Book of Bull Moves

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There Is No Such Thing As Free Birth Control

2012-02-13T05:17:00.000-08:00

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.

Don`t Make The Mistake Of Buying Long Term US Dollar Bonds

2012-02-12T10:49:00.000-08:00

But what you don’t want to do is make the mistake of buying long-term U.S. dollar denominated bonds. - in Yahoo Finance

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The Biggest Losses In This Financial Collapse Are Going To Be...

2012-02-11T08:45:00.000-08:00

So retirees need to buy gold and silver. If they want more current income, they need to look toward foreign sources. I particularly like high-dividend paying foreign stocks.

But if you can’t take that risk, you can still buy bonds denominated in foreign currencies. But what you don’t want to do is make the mistake of buying long-term U.S. dollar denominated bonds, because I think the biggest losses in this financial collapse are going to be absorbed by ,felt by, the bondholders. Even those who own U.S. government bonds or municipal bonds, bonds that are thought to be low risk are still going to be wiped out as the dollar collapses.

Related, IShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), iShares Barclays 20+ Yr Treasury Bond ETF (TLT)

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What Retirees Need To Understand

2012-02-10T10:43:00.000-08:00

I think what retirees need to understand, is that when the dollar is wiped out, all dollar denominated debt instruments are going to go with it. So what they have to do is get out of the dollar completely. - in Yahoo Finance

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US Savers Will Continue To Suffer From A Lack Of Yield And A Weakening Currency

2012-02-09T10:15:00.000-08:00

As long as interest rates remain far below the rate of inflation, the U.S. economy will fail to equitably restructure itself for a lasting recovery.

As a secondary effect, US savers will continue to suffer from a lack of yield and a weakening currency, while those wise enough to park savings in gold will likely see continued success. - in a recent market commentary

Related: SPDR Gold ETF (GLD)

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We Have Abused The Privilege Of Being The Issuer Of The World`s Reserve Currency

2012-02-08T06:52:00.000-08:00

The americans are used to the dollar being supreme, that is how we were able to live the lifestyle that we do live. Even though our standard of living is not as great as it once was, it`s still a lot higher than it`s going to be because we were able to live beyond our means thanks to the dollar.

But we have abused the privilege of being the issuer of the world`s reserve currency...I think a dollar crisis, a US sovereign debt crisis is close at hand. - excerpt from a Kerry Lutz video interview, Youtube

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Gold: The Bull Finally Righted Itself

2012-02-07T07:35:00.000-08:00

January saw an end to gold's recent malaise as the bull finally righted itself, running on the news that the Federal Reserve will continue its pro-inflation dollar expansion until at least 2014. Gold finished more than 146 USD/ ounce higher (9.1 percent) than where it started, closing out the month at 1,744 dollars per ounce.

The yellow metal looks ready to break the important psychological barrier of 2,000 dollars per ounce by the end of this year, as the glimmers of recovery hopes fade from the headlines and the Fed responds by deepening its failed policies.

Silver prices also rebounded, finishing 16.7 percent higher for the month at $33.60. - in Schiff`s Gold Report

Related, SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)

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2012 Elections

2012-02-06T07:10:00.000-08:00

What I think Romney lacks is a better understanding of Austrian economics, of money, and I think he has a capacity to learn those things if he surrounds himself with the right people. He seems to show, at least in these debates, some sympathy for Ron Paul, and maybe Ron Paul could have some influence on Mitt Romney, or maybe his son Rand would be able to. – Yahoo Finance 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.

When Will Overseas Jobs Come Back?

2012-02-05T06:47:00.000-08:00

They are going to come back eventually. I mean, at some point this phony economy that we have, where we spend borrowed money is going to implode...and a lot of the services sector jobs are going to disappear and we are going to have to replace them with productive jobs, the types of jobs that we lack. And we are not going to be able to do that, unless we dismantle much of the government we have that is preventing us from getting those jobs. - in RT

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Everybody Has Got Degrees, So What Are They Worth?

2012-02-04T06:39:00.000-08:00

Everybody has got degrees, so what are they worth?

What people need are real skills, on the job training, acquiring a knowledgeable skill that actually makes them more productive. That`s what a lot of americans lack. - in recent video interview while discussing why isn`t America more competitive

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Why Can`t America Compete?

2012-02-03T06:35:00.001-08:00

Its impossible for America to compete right now because we are at such a competitive disadvantage because of all the government that we have. - in RT TV

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.

Yahoo Finance Video: Schiff Talks About The 2012 Elections

2012-02-02T11:26:00.000-08:00

Schiff`s take on the 2012 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.

As The Economy Gets Worse...

2012-02-02T07:26:00.001-08:00

As the economy gets worse and worse the voters are going to realize that the politicians are selling snake oil. - 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.

A Lot Of Americans Have Degrees But Haven`t Any Really Marketable Skills

2012-02-01T17:03:00.000-08:00

We may have a lot of degrees (in the USA), it does not mean we are actually educated. Just because you get a degree does not mean you know anything. In fact a lot of Americans have degrees but haven`t any really marketable skills. - in RT.com

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.

All Self-Perpetuating Virtuous Cycles Are Vulnerable To A Sudden Break

2012-02-01T07:44:00.000-08:00

All self-perpetuating virtuous cycles are vulnerable to a sudden break in the positive feedback loop. When reality rears its ugly head, and the spell breaks, the reverses can be vicious.

It happened with dot com stocks, it happened with real estate, and I believe it will happen with the dollar and Treasuries. Even if Europe does not resolve its problems, the day of reckoning will still eventually arrive.

The unfortunate truth is that the longer it takes, the worse it will be, as we will have that much more debt to reckon with. - in BI Middle East

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 RT TV

2012-01-31T06:17:00.000-08:00

Latest video interview from Peter Schiff on RT TV.

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.

Had The Fed Raised Rates Sooner...

2012-01-30T16:08:00.000-08:00

Had the Fed raised rates we would have had a bursting of the bubble much sooner than 2008 and it wouldn't have done nearly as much damage. - 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.

The Fed Just Wants To Keep The Music Going Until The Next Election

2012-01-30T13:07:00.000-08:00

The Federal Reserve doesn't care about the long term health of the economy, it just wants to keep the music going until the next election. - in Yahoo Finance

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.

Schiff Radio: Interviewing Jim DeMint

2012-01-30T04:51:00.000-08:00

Peter interviews Jim DeMint, founder of Senate Conservatives Fund

Topics: US debt, euro crisis, US dollar;

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 Has Put Another Large Crack Into The Foundations Underlying The U.S. Dollar

2012-01-29T06:41:00.000-08:00

With its announcement today that it will keep interest rates near zero at least until late 2014, the Federal Reserve has put another large crack into the foundations underlying the U.S. dollar. - in The Street.com

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: A Low-Risk, High-Return Asset

2012-01-28T06:38:00.000-08:00

Goldman Sachs just released a report calling gold a low-risk, high-return asset and predicts it will rise to $1940 this year. Morgan Stanley predicts a price of $2,175 a year from now. UBS forecasts $2050 within 12 months. These types of estimates from big banks have proven conservative in years past. - in Europac Precious Metals

Related ETFs, SPDR Gold Trust ETF (GLD), IShares Silver ETF (SLV), Morgan Stanley (MS), Goldman Sachs (GS)

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 Interview: Why Are Stocks So Strong?

2012-01-27T11:05:00.000-08:00

Latest Peter Schiff video interview on CNBC

Topics: stock market, federal reserve, weak US dollar;

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 Is Ignoring Inflation

2012-01-27T06:37:00.000-08:00

The Fed is also choosing to ignore the fact that inflation is already running north of 3 percent. Instead, they have conveniently come up with their own measure of inflation, which comes in just a shade below the Fed's arbitrary 2 percent "acceptable" target.

This announcement is a slap in the face to anyone who earns, saves, and invests in dollars. So, it's no surprise to me that investors, financial institutions, and foreign governments are turning to gold and silver in larger and larger numbers. - in Euro Pacific Precious Metals

Related ETFs, IShares Silver 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.

Gold Is Rallying Again

2012-01-26T14:05:00.000-08:00

What kicked off this rally was yesterday's announcement by the Federal Reserve that they will be keeping interest rates near zero until at least 2014. This means that a tidal wave of inflation is on the horizon, and the dollar will continue its long decline.

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.

The Invisible Hand Versus The Heavy Hand Of Government

2012-01-26T11:38:00.000-08:00

Barack Obama does not like the "invisible hand" that Adam Smith wrote about. He wants the heavy hand of government, he want the government to organize us all as a "team". - 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.

We Are Not A Collectivist Society

2012-01-26T09:29:00.000-08:00

But the President also displayed a significant lack of understanding of capitalism, of American History and one of the many things that he said was that we owe our success as a nation to the fact that we work as a team. No we Don`t!

We owe our success to the fact the we are individuals in America. We are not a team, this is not a collectivist society. We all work for ourselves, we all pursue our self-interests. We have a Constitution that speaks about individual rights, property rights. These are not "team" rights. - in The Schiff Report, January 25th

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 Schiff Report: US Economy Outlook

2012-01-26T06:04:00.000-08:00

Topics: State Of The Union adress, Federal Reserve statement, US Economy;

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.

Capitalism Means Private Profits And Private Losses

2012-01-25T06:41:00.001-08:00

Capitalism means private profits and private losses. It doesn’t mean private profits and socialized losses. ― Peter Schiff, cited in Bull Source

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2012 Presidential Race

2012-01-24T06:17:00.000-08:00

"Ron Paul isn't changing to meet the establishment; the establishment is changing to meet him." - in Twitter

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.

Q&A: Retirement Assets

2012-01-23T07:20:00.000-08:00

Russell from Louisville, KY: I fear my father's retirement will come during the next severe downturn, rendering his life's work into his retirement fund worthless. Same with my mom who has more to lose. Should they cash out of their 401(k), take the hit, and pay off their mortgage? Should they cash out individually and invest in a diversification of precious metals, currencies and foreign stocks?

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.

Fox Business Video Interview

2012-01-22T06:46:00.000-08:00

Recent Fox Business video interview with Peter.

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.

Recessions In A Free Market System

2012-01-21T06:37:00.000-08:00

In a free market system, recessions, however painful, serve the salutary purpose of wringing out the excesses of the preceding boom and restoring fundamental economic balance. - excerpt from The Little Book Of Bull Moves

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.

There`s No Way We Are Going To Pay The Debt

2012-01-20T06:36:00.001-08:00

One of the best speeches from Peter Schiff in recent years.

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: Kotlikoff Interview

2012-01-19T07:03:00.000-08:00

Peter interviews guest Laurence Kotlikoff, Boston University economist and 3rd Party Candidate for U.S. President.

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. And Italy Have Very Similar National Debt Profiles

2012-01-18T04:50:00.000-08:00

Objectively speaking, the U.S. and Italy, for instance, have very similar national debt profiles. Yet interest rates in Washington are currently 600 basis points lower than they are in Rome.

This means that Americans can borrow and spend much more. The result of all this extra debt financed consumption is a boost in employment and GDP. The positive economic impact makes the dollar even more attractive, thereby perpetuating the cycle.

If rates in Italy (or Spain for that matter) were as low now as they were two years ago, those countries would not be experiencing the problems they are today. Their borrowing costs would never have risen and their budgets would still be manageable. Similarly, higher interest rates in the U.S. would completely take the shine out of our economy.

Imagine what would happen here if rates were just 200 basis points higher, let alone 600? U.S. consumers, homeowners, corporations, and governments are particularly dependent on cheap financing. As bad as things are in Europe, they would be even worse here. - in Business Insider

Related, SPDR S&P 500 Index ETF (SPY), ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Year Treasuries Bonds ETF (TLT), Ishares Italy ETF (EWI)

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 Market Update

2012-01-17T06:01:00.001-08:00

Latest video market update, 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.

Long Term Investing

2012-01-15T08:21:00.000-08:00

My investment strategy has always focused on understanding longer term trends, where my track record has been extraordinary, and has discouraged efforts at short term market timing. - in the Little Book of Bull Moves

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.

A Nickel Ain`t Worth A Dime Anymore

2012-01-14T07:41:00.000-08:00

When Yogi Berra, asked what he thought about the economy, s aid, "A nickel ain`t worth a dime anymore", he seemed at least to intuit that sound money should be a top national priority, a point a lot of people in pinstripes still don`t seem to get. - in the Little Book Of Bull Moves

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 Must Repudiate Big Government

2012-01-13T07:39:00.001-08:00

I hope we can fully repudiate big government whether it is Republicans or Democrats that want it and we can embrace Ron Paul and change the Republican Party and bring it back to the party of limited government. - in Business Insider

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.

Positioning For A Dollar Crash

2012-01-10T16:20:00.000-08:00

"We're positioning for a dollar crash. Over the last decade, the dollar's rallies have all been opportunities to sell." - in The WSJ

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.

Free Market Capitalism

2012-01-10T07:32:00.000-08:00

"We need to go back to the principles of free-market capitalism." - in azcentral

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 Longer We Postpone, The Bigger The Problems Will Be

2012-01-09T06:39:00.000-08:00

The Federal Reserve is helping the government postpone the tough political decisions. The longer we postpone, the bigger the problems will be. - in azcentral

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 Problem With Socialism

2012-01-06T07:23:00.000-08:00

The problem with socialism is that eventually you run out of other people's money. -- Peter Schiff, quoted in Twitter

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.

An Opportunity To Buy Contra-Dollar Assets on the Cheap

2012-01-05T11:22:00.000-08:00

For smart investors, dollar strength caused by euro fears is simply an opportunity to buy contra-dollar assets on the cheap. Yes, I believe sub-US$30 silver and sub-US$1,600 gold are still cheap for what's ahead.

And with 2012 forecasts of US$2,200 by Morgan Stanley, US$2,050 by UBS, and US$2,000 by Barclays, it appears I'm not alone. - in Business Insider

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 Riding Higher But...

2012-01-05T08:21:00.000-08:00

Right now, the dollar is riding high. But it's still down over 30 percent over the last decade as measured by the generous US Dollar Index. Gold, by contrast, is up over 350 percent in that period. Of course, past performance does not guarantee future results, but the fundamentals have not changed.

It's worth remembering that mainstream analysts chose the dollar over gold in almost every report over the last 10 years, based on a blind faith in the power of the US government to centrally plan the American economy. The market proved them wrong. - in Business Insider

Related ETFs, SPDR Gold Trust ETF (GLD), PowerShares DB US Dollar Index Bullish (UUP)

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.

This Could Be The Year That Gold Beats Its Inflation-Adjusted All-Time High

2012-01-05T05:30:00.000-08:00

There is a lot to look forward to in this new year. After all, this may be the year that weaker member-states are booted from the euro. It might be the year that the People's Bank of China makes explicit its covert policy of gold-buying. And it could be the year that gold beats its inflation-adjusted all-time high of $2,300/oz.

As I explain in my commentary, I think the current euro trouble and dollar rally have created another historic opportunity to diversify out of dollars. When everyone is buying, that's when you want to sell.

Though it may seem like everyone has been buying precious metals the past few years, it's still a very small percentage of the market compared to those buying dollars. Just ask an investment advisor at any of the big banks what percentage you should allocate to gold and silver vs. dollars and Treasuries. They'll still say to put your savings in US government assets, even though that has been a losing bet for a decade! - excerpt form the Schiff Gold Report

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.

The Reason Our Economy Got Into So Much Trouble

2012-01-04T17:47:00.000-08:00

The reason our economy got into so much trouble is because we completely abandoned the free market and we followed the government policies of Bush and now we have got the even bigger government policies of Obama. - in Business Insider

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.

2012 Presidential Race

2012-01-04T05:47:00.000-08:00

I hope it is Ron Paul who wins Iowa and not just Iowa but obviously New Hampshire, the nomination and the presidency. - in Business Insider

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

2012-01-03T07:01:00.000-08:00

We’ve been buying – personally I have been buying particularly in the mining stocks which I think have a lot of value. I was very bullish on gold for 2011. This time 2010. And for most of the year we had a very strong market. I didn’t anticipate the extent of the decline towards the end of the year, although that makes me even more bullish for the prospects for gold for 2012. I think the fundamentals have never been better for gold and I think prices are going a lot higher. - in ValueWalk

Related stocks, Newmont Mining (NEM), Goldcorp (GG), Anglo Gold (AU), Barrick Gold (ABX)

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: Gold Outlook

2012-01-02T08:16:00.000-08:00

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.

2012 Outlook: Stocks And Gold

2011-12-29T07:04:00.000-08:00

“I think you are going to have a lot of choppiness in the stock market, but in the end I don’t expect a lot of movement in stocks. I don’t expect a crash or a big run, instead I think prices will continue to move sideways. In terms of the stock markets relation to gold I think it will continue to fall as a ratio.” - in KWN

Related, SPDR Gold Trust ETF (GLD), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index ETF (IWM)

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.

Harry Reid And The Mythical Millionaire Job-Creator

2011-12-28T05:00:00.000-08:00

The Peter Schiff Show, "Harry Reid and the Mythical Millionaire Job-Creator"

Senate majority leader Harry Reid argues that the rich simply do not create jobs...at all.

(Source: The Peter Schiff Show - 12/13/2011, www.SchiffRadio.com)

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: Price Action Shakes Out The Speculators

2011-12-27T07:26:00.000-08:00

These sharp drops shake out the speculators and keep other would-be buyers on the sidelines. - in NewsMax.com

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.

Don't Be Fooled, Don't Sell Out Your Gold

2011-12-24T11:31:00.000-08:00

Remember, don't be fooled, don't sell out your gold because someone on television scares you and says, this is it, the bottom has fallen out, it's going to collapse.

Related ETFs: SPDR Gold Trust ETF (GLD)

(Source: Beacon Equity)

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.

Krugman: I Have Been Trying To Have Him Debate Me For Years

2011-12-23T06:30:00.000-08:00

The interesting thing about Paul Krugman is: I've been trying to get the guy on my show for years. I've been trying to have him debate me. Plenty of universities, including his own, have offered to host a debate between he and I, yet he always refuses.

You know, he likes to take a few jabs at me in his column, but why not step into the ring? Why not come on the Peter Schiff Show. I'll give you the whole two hours. You have plenty of time to talk. Why not hit at a target that can punch back, that can move. He wants to take pot shots at a punching bag. Step in the ring and have a real battle with someone who can move around and fight back.

If you really believe in Keynesian-ism; if you think the Austrians complete wrong and foolish, here's the chance to prove it. Take me down. Show me why I'm wrong. I'd happy to discuss that crazy piece that you wrote about the babysitter coop.

If you haven't seen that, go on my YouTube Channel and look at my critique of the model he holds out as [proving] that money printing doesn't cause inflation and somehow proving that the Keynesians are right and the Austrians are wrong. It doesn't prove it at all; in fact, it proves the reverse, which is exactly what would happen if Paul Krugman agreed to come on my show.

And, of course, if you don't want to come on my show, I'll come on any show you want. If you want someone else to host it, if you want to do something live, as I say, I'll meet you anytime, any place and we can discuss—it doesn't even have to be a debate; it's a discussion—we'll discuss economics; we'll discuss Keynesian-ism versus Austrian School; and we'll discuss what's going to happen to inflation and the value of the dollar and the price of gold. - a transcript from a Schiff video from Beacon Equity

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 Don’t Have The Benefits Of Capitalism Because We Don’t Have Capitalism

2011-12-22T09:50:00.000-08:00

“We don’t have the benefits of capitalism any more because we don’t have capitalism — we have a centrally-planned socialist economy, and that is why the average American is getting poorer.” - in Current.com

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 Cost Of Employing People Is Too High

2011-12-21T06:52:00.000-08:00

The cost of employing people is just too high. - in a forum on unemployment at UCLA

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.

All The Speculators, All The Bankers...All The Financiers Want Inflation

2011-12-20T08:09:00.001-08:00

"All the Speculators, all the Bankers...all the Financiers want Inflation" - in RT America

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: Once The Weak Longs Are Cleared Out, The Rise Will Resume

2011-12-19T07:35:00.000-08:00

“These sharp drops shake out the speculators and keep other would-be buyers on the sidelines. Once the weak longs are cleared out, the trip to $2,000 and beyond will resume unencumbered by excess baggage.” - in NewsMax

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 Outlook

2011-12-19T06:04:00.001-08:00

Latest commentary on the gold market.

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.

UCLA Economic Debate

2011-12-18T07:02:00.000-08:00

UCLA Economics Debate

Debate between Peter Schiff, David Rosnick, and Roger Farmer

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: A History Lesson for Newt Gingrich

2011-12-17T07:04:00.000-08:00

Excerpt from the Schiff Radio Show.

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: Bull Markets Climb A Wall Of Worry

2011-12-16T07:38:00.000-08:00

“Bull markets climb a wall of worry. These sharp drops shake out the speculators and keep other would-be buyers on the sidelines. Once the weak longs are cleared out, the trip to 2,000 USD per ounce and beyond will resume unencumbered by excess baggage.” - in CNBC

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.

Krugman Reveals Krugmonomics Fails Even in Small Elite Liberal NYC Neighborhood

2011-12-15T07:21:00.000-08:00

Paul Krugman Reveals Krugmonomics Fails Even in Small Elite Liberal NYC Neighborhood - in The Peter Schiff Show - 11/29/2011

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: Central Banks And The European Crisis

2011-12-14T12:38:00.001-08:00

CNBC video interview, December 9th.

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.

ECB `s Role In Eurozone Crisis

2011-12-13T07:27:00.000-08:00

The fact that the ECB can refrain from monetizing all this debt, which is what everyone seems to want, is a good thing... that's the only way to force governments to actually cut spending. At least the ECB, Germany, understands what the stakes are. - 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.

Government Intervention May Have Adverse Effects

2011-12-12T06:23:00.000-08:00

Schiff Radio, December 9: "Government Intervention May Have Adverse Effects"

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.

I Did Not Like ECB`s Rate Cut

2011-12-11T04:34:00.000-08:00

Hopefully the ECB will stand firm and not bow to political pressure like the Federal Reserve did. But I don`t like the fat that the ECB reduced rates again to 1 percent. They are bailing out the banks. - in Market Watch

Related, Banco Santander (STD), Deutsche Bank AG (USA) (DB), Royal Bank of Scotland Group plc (ADR) (RBS), Barclays PLC (ADR) (Public, NYSE:BCS), Societe Generale SA (GLE), BNP Paribas SA (BNP)

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: Is The Global Economic Doomed?

2011-12-10T07:30:00.000-08:00

Video interview, Market Watch, December 8.

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.

Bullish On Gold Stocks

2011-12-09T07:25:00.000-08:00

The shares performance shows a high degree of skepticism among investors on gold prices. That’s the antithesis of a bubble. When investors figure out what’s going on, they’ll be buying up gold shares. - at the Inside Commodities conference, New York

Related stocks, 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.

Europe: Cutting Government Spending Is The Only Solution That Will Work

2011-12-09T05:41:00.000-08:00

I do not expect anything yet. The question is, will the policy work, will European politicians respond by cutting government spending, which is the only solution that will work. - in Market Watch

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.

When New Dollars Or Euros Are Printed, Your Metals Simply Go Up In Price

2011-12-08T05:23:00.000-08:00

A look at history sees periods of monetary debasement and market mania followed by a return to more fundamental values. Every successful civilization in history has relied on sound money to grow, always in the form of precious metals. With globalization, we live in a world where investors don't have to live with their governments' bad choices. Allocating a portion of your portfolio to precious metals means being able to sit on the sidelines and laugh at the comedy of the sovereign debt crisis. It means that when new dollars or euros are printed, your metals simply go up in price.

That is the ultimate resolution to this crisis. More banks, institutions, and individual investors will simply withdraw from the fiat money system and rely on precious metals as their reserve asset. As they do so, the fiat system will be all the weaker for the those left behind. - in Goldseek

Tickers, 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.

PIIGS: How The Bond Markets Treat Them Without The Implicit Backing Of Northern Europe?

2011-12-07T08:56:00.000-08:00

If Greece, Italy, et al, can't stomach the austerity that comes with staying in the euro, they should withdraw and see how the bond markets treat them without the implicit backing of Northern Europe. - excerpt from the GWC

Tickers, iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index 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.

The Main Argument In Favor Of The Euro

2011-12-07T06:55:00.001-08:00

I have repeatedly stated that the fact that Germany has been resistant to printing more euros is the main argument in favor of the euro. Of course, the mainstream consensus is the opposite. - excerpt from The Great Western Crackup

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 Only Money You Can Trust Is The Gold And Silver In Your Pocket

2011-12-06T06:02:00.000-08:00

From World War II until very recently, the West - specifically Europe and the United States - was on a course for greater centralization, greater integration, and greater economic intervention. But this consensus is breaking down. In Europe, the euro has gone from steadily adding new members to now facing the prospect of having its weaker members quit. In America, the US Congressional Supercommittee has now officially failed in its mandate to bring even meager cuts to the bleeding US deficit.

This is the beginning of the end. Both the EU and US are politically paralyzed, seeming only to be able to make compromises that involve more spending, more debt, and more central planning. The results are all too predictable to free-market thinkers: bailouts leading to moral hazard, low interest rates leading to ballooning debt, and eventually a cascade of systemic failures - leading to more bailouts.

This was confirmed yet again last Wednesday when central bankers on both sides of the Atlantic announced a coordinated tidal wave of new money to bailout the Western banking system yet again. Now, the only money you can trust is the gold and silver in your pocket. - excerpt from The Great Western Crackup

ETFs, 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.

Video: Bank Bailout in Disguise, Jobs Data

2011-12-05T09:46:00.000-08:00

Latest video market update.

Related: Bank Of America (BAC), Morgan Stanley (MS)

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`s Monthly Close Was The Second Highest In History

2011-12-05T07:26:00.000-08:00

At $1746, November's nominal closing price was the second highest in the history of the gold market. That's not to say the month wasn't stormy - the yellow metal fluctuated $114 from the monthly low to monthly high. As I address in my commentary, this great volatility is mostly motivated by drastic Fed intervention to support the price of Treasuries, as well as a mistaken belief that the EU as a whole is in worse shape than the US. - in Schiff`s monthly gold report

Tickers, SPDR Gold Trut ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)

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 Will Close In On 2,000 This Year

2011-12-04T07:20:00.000-08:00

I think we will come pretty close to hitting 2,000 dollars/ounce on gold this year. It would be hard for gold not to be above 2,000 dollars/ounce in 2012.

I really think it would be unlikely that we wouldn’t see prices north of 2,000 dollars/ounce next year. - in BeaconEquity

Tickers, SPDR Gold ETF (GLD); IShares Silver ETF (SLV), Hecla Mining (HL), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

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.

Good Entry Points For Gold And Silver

2011-12-03T05:24:00.000-08:00

You have gold at around 1,700 dollars, silver around 32 dollars. I think these are good positions to buy gold for the first time, if you still haven’t bought, or add to your positions if you already own. - in Beacon Equity

Tickers, 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.

Central Banks Rung The Bell To Buy Precious Metals

2011-12-02T06:18:00.000-08:00

There’s an old expression that nobody rings a bell when it’s time to buy or sell. Well, I think the world’s central banks rung a pretty loud bell today to buy precious metals.

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.

When Will The Federal Reserve Have A Change Of Heart?

2011-12-01T05:36:00.000-08:00

It’ll take a crisis. We’re not going to do it differently until there is no other choice, until there is a full-on sovereign debt crisis where U.S. Treasury prices, long term, are really under pressure and the dollar is falling fast, and prices are really soaring.

That’s when the Fed will potentially do the right thing. But as long as it can delay doing the right thing, it will. And that ultimately means that doing the right thing will be that much more painful for the economy because of how long the Fed will have delayed. - in Index Universe

Tickers, ProShares UltraShort 20+ Year Treasuries ETF (TBT)

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.

Market Update: Precious Metals

2011-12-01T05:21:00.000-08:00

Global Central Banks Ring Gold Buyers' Bell.

Tickers, SPDR Gold ETF (GLD); IShares Silver ETF (SLV), Hecla Mining (HL), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

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.

Loud And Clear Bell Ringing To Buy Precious Metals

2011-11-30T23:52:00.000-08:00

Today’s unprecedented announcement by the world’s most powerful central banks was a loud and clear bell ringing to buy precious metals. The move, disguised as an attempt to help the fragile state of the global economy, is in reality a move to prop up failing banks in Europe and the US.

By reducing interest rates paid for dollar swaps, central bankers are in effect increasing the quantity of global dollars in circulation. The result? The dollar will weaken, inflation will rise, and gold will soar. Gold was up more than $30 today, and the dollar got crushed. - in europac

Related stocks, Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU), Novagold (NG)

Related ETFs, IShares Silver ETF (SLV), 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.

Merkel Wants The Euro To Be The Strongest Currency In The World

2011-11-30T11:47:00.000-08:00

Chancellor Merkel seems to be saying: “We’re not going to print money, the ECB is not the Fed and won’t be the lender of last resort, and that these governments have to cut spending.” She’s also saying it’s her intention for the euro to be the strongest currency in the world. - in IndexUniverse

Related, iShares MSCI Germany Index Fund ETF (EWG)

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.

I Think QE3 Is Going To Happen

2011-11-30T06:44:00.000-08:00

I think QE3 is going to happen — if it’s not already here in disguise. They will officially acknowledge it. The government just revised downward its estimate for third-quarter growth from 2.5 percent to 2. I think we’re relapsing into recession because we never really fixed our problems—we just added more debt and more government.

I think the Fed will be looking at oil prices, which will be well over $100 a barrel shortly. We’ll be seeing record-high gasoline prices seasonally, and probably we’ll see heating oil prices the highest they’ve ever been in the wintertime.

The Fed will unfortunately react to this thinking: “Oh no! We need cheaper money because higher energy prices are going to be a drag on the economy.” But, of course, the higher energy prices result from all the cheap money.

So I think we’re going to see more easing and more pain, which means higher gas prices, higher food prices and a weaker dollar. - in Index Universe

Related ETFs, SPDR S&P 500 ETF (SPY), SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), PowerShares DB Agriculture Fund (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.

The US Is Crystal Clear In Its Intention To Ignore Its Debt Problems

2011-11-29T06:14:00.000-08:00

" (...) the US is crystal clear in its intention to ignore its debt problems. With the failure of the Super Committee this (last) week, it actually became official. American politicians will not, under any circumstances, willingly confront our underlying debt crisis. - in Europac.net

Tickers, ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Yr Treasury Bond ETF (TLT), 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.

Safe Haven Demand For The US Dollar May Be Short Lived

2011-11-28T10:22:00.000-08:00

In the meantime, the prospect of sovereign default in Europe is driving “safe haven" demand for the dollar. So, contrary to the political blame game, Europe’s problems are actually providing a temporary boost to America’s bubble economy. However, a resolution to the crisis in Europe could reverse those flows. And given the discipline emanating from Berlin, a real solution is not out of the question.

If confidence can be restored there, each episodic flight to safety may be less focused on the US dollar. Instead, risk-averse investors may prefer a basket of other, higher-yielding, more fiscally sustainable currencies. - in europac.net

Related, PowerShares DB US Dollar Index Bullish (UUP), 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.

Europe Vs US: Which Will Explode First?

2011-11-28T04:18:00.000-08:00

With fiscal time bombs ticking in both Europe and the United States, the pertinent question for now seems to be which will explode first. For much of the past few months, it looked as if Europe was set to blow. But Angela Merkel’s refusal to support a Federal Reserve-style bailout of European sovereigns, as well as her recent statement the she had no Hank Paulson-style fiscal bazooka in her handbag, has lowered the heat.

In contrast, the utter failure of the Congressional Super Committee in the United States to come up with any shred of success in addressing America’s fiscal problems has sparked a renewed realization that America’s fuse is dangerously short.

Related, ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT), iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index 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.

You Don`t Drive An Economy By Consuming

2011-11-27T06:11:00.000-08:00

You don’t drive an economy by consuming – the consumer is not the engine, the consumer is the caboose. - in Libertarian 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.

Printing Money Is Merely Taxation In Another Form

2011-11-26T09:09:00.000-08:00

"Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power." - an inflation definition by Peter Schiff

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 Main Problem The Past Number Of Years Is We Spent A Lot Of Money We Didn’t Have To Buy Foreign Products We Can’t Afford

2011-11-25T06:09:00.000-08:00

First of all the main problem the past number of years is we spent a lot of money we didn’t have to buy foreign products we can’t afford. We have run up an enormous debt to the rest of the world and have nothing to show for it. It’s analogous to an individual loses his job and instead of getting another job he buys everything on his credit card, and he shows his wife his credit card bills and says “Look honey, look how great we are doing. - in famous Schiff`s quotes

Related, ProShares UltraShort 20+ Year Treasuries ETF (TBT), 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.

Video Interview On Fox Business

2011-11-23T05:13:00.000-08:00

"Is Michael Moore An OWS Hypocrite?"

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.

Using A Dixie Cup To Bail Water From A Sinking Ocean Liner

2011-11-22T03:58:00.000-08:00

"1.2 trillion dollar cuts over 10 years is so small that its like using a Dixie cup to bail water from a sinking ocean liner" - in Twitter

Related ETFs: ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Year 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.

Video Market Update

2011-11-21T04:36:00.000-08:00

Schiff Report Video Blog Nov 18th 2011

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 Radio: Silver, Euro Outlook

2011-11-19T09:32:00.000-08:00

Viewer Questions: Regarding silver from a technical view, do you think it's forming a bearish rising wedge pattern that can see drop further to support around $21 before rebounding?

In addition, the ECB needs to print more money to buy Italian bonds and keep the Italy-Germany 10 year spread beneath 450 to avoid margin calls on Italian bondholders. A weaker Euro would cause metals to fall relative to the dollar.

Related: 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.

Our Government Doesn't Have Enough Spare Cash To Bail Out A Lemonade Stand

2011-11-18T06:28:00.000-08:00

Our government doesn't have enough spare cash to bail out a lemonade stand. Our standard of living must decline to reflect years of reckless consumption and the disintegration of our industrial base. Only by swallowing this tough medicine now will our sick economy ever recover. - in The Sydney Morning Herald

Related ETFs, SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 ETF (SDS)

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.

I Do Not Like To Say That The Government Creates Jobs, It Creates Work

2011-11-17T06:40:00.000-08:00

I do not like to say that the government creates jobs. I like to say that the government can create work. Because a job, I think of it as productive, you know, when you are actually producing something of value, it`s a job. The government does not really do that. - in GoldSeek

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.