ECONOMICS


Peter Schiff`s Blog


“While we cannot redeem our dollars for gold with the Fed, we can still buy gold with them in the open market. As more investors and governments choose to save in precious metals, the dollar’s value will go into steeper and steeper decline – thereby driving more investors into metals. That’s when the virtuous circle upon which the dollar has coasted for a generation will quickly turn vicious.” -excerpt from The Bernanke Shock

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

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.  Read more…

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.  Read more…
“With the new debt piling up faster than ever, and the government showing itself to be blatantly incapable of making hard choices, it should be clear to anyone with a half semester of accounting that the Treasury debt should be downgraded. Yes the government has a printing press, but that only means that the value of the bonds will disappear through inflation rather than default.” - an excerpt from Peter Schiff: Messing With The Bull 

Related ETFs: iShares Lehman 7-10 Year Treasury Bond ETF (IEF), 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.  Read more…

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Yesterday, 3:35 AM
“With the announcement this week of its massive $5 billion lawsuit against ratings agency Standard & Poor’s, the Federal Government took a bold step to squelch any remaining independence of thought or action in the financial services industry. Given the circumstances and timing of the suit, can there be any doubt that S&P is paying the price for the August 2011 removal of its AAA rating on U.S. Treasury debt? In retaliation for the unpardonable sin of questioning the U.S. Treasury’s credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street: mess with the bull and get the horns.” - in Economic Policy Journal 

Related ETFs:  iShares Lehman 7-10 Yr Treasury 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.  Read more…

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Sunday, 9:17 AM

Related: USDJPY, US Dollar, Japanese Yen;

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.  Read more…

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Saturday, 9:21 AM

Related: Nikkei 225, USDJPY, forex

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.  Read more…

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Friday, 8:55 AM

Related: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 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.  Read more…

“Every month, we hear about central banks increasing gold reserves. The latest are Russia and Kazakhstan, but in the last year, countries from Brazil to Turkey have been adding to their gold holdings in order to diversify away from fiat currency reserves.

And don’t forget China. Once the biggest purchaser of US bonds, it is now a net seller of Treasuries, while simultaneously gobbling up gold. Some sources even claim that China has unofficially surpassed Germany as the second largest holder of gold in the world.” - in Finance Townhall

Related: SPDR Gold Trust ETF (GLD), iShares Lehman 7-10 Year Treasury Bond ETF (IEF), 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.  Read more…

“Our sovereign creditors know that Ben Bernanke and Barack Obama are just regular men in fancy suits. They know the Fed isn’t harboring some ingenious plan for raising interest rates while successfully selling back its worthless mortgage and government securities. Instead, the Fed is like a drug addict making any excuse to get its next fix.

US investors should be as shocked as the Bundesbank about the Fed’s deception. While we cannot redeem our dollars for gold with the Fed, we can still buy gold with them in the open market. As more investors and governments choose to save in precious metals, the dollar’s value will go into steeper and steeper decline – thereby driving more investors into metals. That’s when the virtuous circle upon which the dollar has coasted for a generation will quickly turn vicious.” - in Town Hall 

Related: 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.  Read more…

Admin
Wednesday, 8:07 AM

VIDEO SUMMARY: Peter Schiff, CEO, Euro Pacific Capital says the U.S. government is being vindictive by going after S&P over its ratings on mortgage bonds. He sounds caution on the triple-A ratings on U.S. 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.  Read more…

Related: SPDR S&P 500 Index (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.  Read more…
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Feb 5, 11:33 AM
“Productive nations generate excess goods and services that can be sold abroad and their growth and stability attract investment funds from abroad. These conditions will tend to increase demand for the nation’s currency, thereby pushing up its price. A strong currency keeps capital and raw materials costs low, enabling more productive workers to earn higher real wages. But according to most economists, a strong currency will bring down an economy because it destroys international competitiveness and can even lead to lower prices (deflation) which they see as economic quicksand. These fears have ignited a “global currency war” in which countries are expending huge amounts of national savings in order to ensure that their currencies stay cheap. In today’s economic logic we must fail in order to succeed.”  - excerpt from The Biggest Loser

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.  Read more…

Peter compares Lance Armstrong’s use of artificial stimulants to the Federal Reserve’s use of artificial stimulus. This aired on January 18, 2013.

Related: SPDR S&P 500 Index (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.  Read more…

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

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.  Read more…
“In last month’s Gold Letter, I wrote about the three pillars supporting the US Treasury’s persistently low interest rates: the Fed, domestic investors, and foreign central banks – led by Japan. I examined how Japan’s plans to radically devalue the yen may undermine that country’s ability to continue buying Treasuries, which could cause the other pillars to become unstable as well.” - in IB Times 

Related: 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.  Read more…

“The european situation is now diffusing. A lot of money was fleeing the euro, now it`s going back to the eurozone. So people are buying euros, they are selling dollars and I think more people are starting to recognize that the dollar is going to lose value.” - in Fox Business 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.  Read more…

“The Fed(eral Reserve) is getting ready to up the dosage of the stimulus. A lot of people were thinking that the Fed was going to take away the money or stop the stimulus. They are not going to do it. They are going to have to up the dosage.” - in Fox Business News

Related: SPDR SP 500 ETF (SPY);

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.  Read more…

“The temporary euphoria of the stimulus is wearing off. The hangover is setting in. And as bad as things were during the Obama recovery, wait until you see how bad things will get during the Obama recession.” - in Fox Business News

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

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.  Read more…

Admin
Jan 31, 11:45 AM
“It`s interesting that the last quarter of the Obama term is the weakest of his presidency.” - in Fox Business

Related: SPDR SP 500 ETF (SPY)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.  Read more…

Admin
Jan 31, 10:29 AM
Related: SPDR SP 500 ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM), 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.  Read more…
Doug Casey interviews Peter Schiff.

Topics: gold, silver, money printing, inflation, central banks, U.S. economy;

Related ETFs: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index (SPY), 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.  Read more…

“In truth, a failure to raise the debt ceiling is not a commitment to renege on obligations. It is simply a decision to stop borrowing. The government could still meet obligations by cutting spending, raising taxes, or making reforms to entitlements. But it chooses not to take this difficult step.

More important than that is the message America is sending its creditors. By informing them that the United States will not use its taxing power to repay its debts, but will only rely on its ability to borrow more (ironically from the same creditors), it signals its refusal to tackle our fiscal deficiencies through responsible means. It’s a shame that more people can’t seem to grasp these very simple truths.” - in Town 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.  Read more…

“I think it’s a shame but sometimes you elect the government you deserve. To say that we deserve Obama is quite a statement because it’s pretty bad to say that we deserve this. But we voted for him and we’re going to have four more years of growth in government, four more years of decline in our living standards, four more years of taxes and inflation and regulation and stagnation and unemployment.

President Obama constantly talks about how unlucky he was that he inherited such a bad economy from his predecessor. Well, his successor is going to inherit an even worse economy than the one that he did. I think the economy is going to be in much worse shape in 2016 when Obama finishes his second term than it was in 2009 when Bush finished his second term.” - in Before Its 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.  Read more…

Video Summary: The Oprah Winfrey Interview we should have seen: Ben Bernanke Confessing to Years of Performance-Enhancing Economic Doping.

Related: SPDR SP 500 ETF (SPY), SPDR Dow Jones Industrials 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.  Read more…

Inauguration Day 2013: While Peter was out of the country, his producer, Tom Elliott, hit up the inauguration to speak with Obama’s most die-hard fans about the big-ticket item the president outlined for his second term: climate change.

While everyone likes the idea of “fixing” the climate, how many would support actually paying the legislative cost? Keep in mind, these inaugural attendees traveled from all over the country; if Obama can count on anyone, surely he can count on their support – right?

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.  Read more…


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