Keyword: peterschiff

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  • The Website Is Fixable, But Obamacare Isn't

    10/29/2013 1:47:33 PM PDT · by Innovative · 13 replies
    Real Clear Markets ^ | Oct 29, 2013 | Peter Schiff
    Put simply the program is built on a mountain of false assumptions and is covered by a terrain of unanticipated incentives. Any cleared-eyed observer should conclude that it is perfectly designed to raise the costs of care and wreck the federal budget. However, like just about every other complicated problem that bedevils the nation, the public has become far too caught up in the politics and has ignored the horrific details. The real shock of Obamacare is not the unbelievable ineptitude in which it was launched, but the naiveté in which it was designed. The only thing worse than the...
  • Janet Yellen Exposed - The Truth Behind The Myth

    10/17/2013 8:49:00 PM PDT · by Nachum · 14 replies
    Zero Hedge ^ | 10/17/13 | Tyler Durdin
    When President Obama nominated Janet Yellen to be the next Chair of the Federal Reserve Board the praise he offered was similar to what had already poured in from around the country. In their assessments of Ms. Yellen's long career, Congressman, editors, and academics have underscored how her prescience and caution distinguish her from the reckless overconfidence that have plagued her male colleagues at the Federal Reserve. As proof of her wisdom supporters have pointed to speeches she delivered in 2005 and 2006 in which she supposedly issued clear warnings about the dangers then building in the frothy real estate...
  • GDP Data Is Unreliable, Government Propaganda: Peter Schiff

    08/25/2013 9:03:08 PM PDT · by Innovative · 12 replies
    Yahoo Finance ^ | Aug. 23, 2013 | Matt Nesto
    "I think we have been getting overly optimistic [GDP] assessments from the government," says Peter Schiff, CEO of Euro Pacific Capital, in the attached video. "They want to make GDP appear bigger than it normally would be, and growth to appear bigger. So this is government propaganda." To back up his claim, Schiff points to the fact that ever since the Great Recession in 2008, two-thirds of the BEA's preliminary estimates of GDP have been revised downward, while noting that "the size of the downward revisions has also been 50% greater than the upward revisions. I don't think this is...
  • Peter Schiff Was Right 2006 - 2007 (2nd Edition) (video)

    06/11/2013 7:10:05 PM PDT · by Signalman · 11 replies
    youtube ^ | 11/2/2008 | jdouche
    Watch Peter Schiff in 2006/2007 state that the stock market and housing Market were about to crash. Watch the so-called experts laugh at Peter Schiff while claiming that the housing and stock markets were going to rocket upwards. Among the "experts who laughed at Schiff were Art Laffer and Ben Stein. Laffer, Stein and the others were wrong. Very wrong. Peter Schiff was right. By the way, Schiff has predicted an economy and stock market crash in 2013.
  • Obama Won't Finish Term Without Bottom Dropping Out Money Morning

    06/01/2013 5:33:19 PM PDT · by lbryce · 33 replies
    Money Morning ^ | May 30, 2013 | Staff
    Schiff: 2/3 of America to Lose Everything Because of This Crisis A record breaking stock market is distorting a frightening reality: The U.S. is being eaten alive by a horrific cancer that will ultimately destroy the economy and impoverish the vast majority of its citizens. That's according to Peter Schiff, the best-selling author and CEO of Euro Pacific Capital, who delivered his harsh warning to investors in a recent interview on Fox Business. "I think we are heading for a worse economic crisis than we had in 2007," Schiff said. "You're going to have a collapse in the dollar...a huge...
  • “When People Realize Where All This Gold Is Going—There Will Be A Scramble To Buy It Back”

    04/14/2013 10:21:02 AM PDT · by Diana in Wisconsin · 55 replies
    Bull Market Thinking ^ | 4-12-2013 | Tekoa Da Silva
    I had the opportunity this afternoon to connect with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital. It was a fascinating conversation, which took place while gold was absolutely collapsing. During the interview, Peter explained that today’s sell-off, triggered by a Goldman Sachs sell recommendation was based on the “false idea” of European Central Bank gold sales hitting the market. Instead he explained, gold is preparing its move “from weak hands to strong hands”, before heading to new all-time highs. When asked his thoughts on the complete panic in the market this afternoon, Peter commented that, ”Gold...
  • Animated Oprah Interviews Bernanke

    01/30/2013 1:18:45 PM PST · by Kaslin · 1 replies
    Townhall.com ^ | January 30, | Peter Schiff
    Earlier this month Oprah Winfrey grabbed headlines with her blockbuster interview with serial doper and international pariah Lance Armstrong. Now, an animated Oprah keeps the momentum going with a harrowing interview with Federal Reserve Chairman Ben Bernanke, another major figure who is equally dependent on artificial stimulus to juice his job performance.  In this mock animated interview produced by the Peter Schiff Show, the daily radio broadcast by noted author and economist Peter Schiff, Oprah gets Bernanke to confess to repeated attempts to push up economic statistics through direct and repeated injections of powerful monetary stimulants. His motivation: a competitive central banking culture fixated...
  • Peter Schiff: Majority Doesn't "Have A Right To Steal My Money Just Because They Voted For It"

    12/10/2012 7:21:46 AM PST · by george76 · 84 replies
    Real Clear Politics ^ | December 10, 2012 | Peter Schiff
    First of all, I'm in the top two percent. Right now, I'm paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax. After the tax hikes go into effect next year, more than half -- more than half of my total income is going to go to the government. You tell me, what's fair about that when medieval serfs pay 25%, I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money...
  • Peter Schiff: The Fantasy of a 91% Top Income Tax Rate

    12/07/2012 4:52:35 AM PST · by bigcat32 · 27 replies
    Wall St. Journal ^ | 12/6/12 | Peter Schiff
    Democratic Party leaders, President Obama in particular, are forever telling the country that wealthy Americans are taxed at too low a rate and pay too little in taxes. The need to correct this seeming injustice is framed not simply in terms of fairness. Higher tax rates on the wealthy, we're told, would help balance the budget, allow for more "investment" in America's future and foster better economic growth for all. In support of this claim, like-minded liberal pundits point out that in the 1950s, when America's economic might was at its zenith, the rich faced tax rates as high as...
  • Peter Schiff: Affordable Care Act Will Backfire

    09/25/2012 7:24:18 PM PDT · by 2ndDivisionVet · 41 replies
    Capitalism Magazine ^ | September 11, 2012 | Peter Schiff
    Now that the Supreme Court has given its narrow blessing to the Affordable Care Act, the big question is whether it will deliver the benefits that its proponents promise. Unfortunately, as it is now constructed, the plan will backfire causing fewer healthy people to buy insurance, raise premiums for those who do, destroy employment opportunities, cripple the health insurance industry, and weaken the economy. In order to guarantee insurance to all, regardless of age, health or pre-existing conditions, the framers of the plan concede that it is essential that the young and healthy (who are less likely to be heavy...
  • Economist/CEO Peter Schiff Goes Undercover At DNC Convention - Good Laugh

    09/09/2012 6:50:00 PM PDT · by joeclarke · 10 replies
    JoeClarke.Net ^ | 09/09/2012 | JoeClarke.Net
    CEO/Economist Peter Schiff is the Mark Levin Of Economics. Few people can adequately resist what he pronounces about fiscal and economic matters. The Schiff Report is worth watching as well as The Peter Schiff Show. In the above video, Schiff masquerades as a stoner liberal who invites people "on the street" to say why "corporate profits should be banned." And,they do. I heard Schiff say once that, "The more stupid you act, the more liberals think you're brilliant - an Einstein." He's so right. Have a good laugh watching this one.
  • Democrats: Let's Ban Profits!

    09/05/2012 9:44:46 PM PDT · by Sgt_Schultze · 38 replies
    Youtube.com ^ | 5 Sept 2012 | Peter Schiff
    Peter Schiff interviews liberals at the dnc convention
  • We Have A Phony Recovery That Has Sown The Seeds Of Its Own Destruction

    08/06/2012 7:40:23 PM PDT · by blam · 10 replies
    TBI ^ | 8-6-2012 | Peter Schiff
    We Have A Phony Recovery That Has Sown The Seeds Of Its Own Destruction Peter Schiff, Euro Pacific Capital Aug. 6, 2012, 9:41 PM The past week provided clear lessons not just in how central bankers have a limited ability to positively influence the economy but also how they are limited in their capacity to deliver the shortsighted policy actions that investors currently crave. The developments should provide new reasons for investors and economy watchers to abandon their faith in central bankers as super heroes capable of saving the economy. The employment report released on Friday confirmed that the U.S....
  • Peter Schiff-Socialism is the Problem, Capitalism Is The Solution

    07/16/2012 11:19:44 AM PDT · by appeal2 · 4 replies
    The Financial Survival Network ^ | 07/16/2012 | Kerry Lutz
    We caught up with our old friend Peter Schiff at Freedom Fest. While he was on a panel, security was sicked on Doug Casey for smoking a cigar (Cubano of course) while participating on stage. Freedom took a major hit when Doug was forced to extinguish his rich stogie. But as Doug said, he was on someone else's property, so he had to comply with the management's wishes. I want to know who the Buzzkill was that turned him in. Peter made the case for limited government and eliminated socialism in his usual eloquent manner. Too Big To Fail Banks...
  • Mr. Schiff Returns to Washington [Video]

    06/12/2012 6:21:04 PM PDT · by Third Person · 8 replies
    You Tube ^ | June 8, 2012 | Peter Schiff
    Does Washington have the American taxpayers'interests as their top priority? Watch as lobbyists drown out your voice and Peter fights the tide.
  • Mr. (Peter) Schiff Returns From Washington Disgusted As Usual--11.June.12

    06/12/2012 7:06:17 AM PDT · by appeal2 · 5 replies
    The Financial Survival Network ^ | 06/12/2012 | Kerry Lutz
    www.FinancialSurvivalNetwork.com presents: Peter Schiff joined us again for a discussion of his latest book, The Real Crash. While much of what Peter predicted in his prior books has come to pass, the ultimate crash has yet to happen. And judging from his recent testimony at Congress, the elected representatives do not have a clue what’s going and what their previous policy blunders are causing. It is evident that they have absolutely no conception of economic realities and that every dollar the government spends is forcibly removed from the private sector, thereby decreasing economic activity and lowering incomes and taxes that...
  • Schiff: America is Already Bankrupt

    05/30/2012 9:54:39 AM PDT · by Hojczyk · 37 replies
    Yahoo Finance ^ | May 30,2012 | jeff Macke
    The man who forecast the end of the housing bubble in his book Crash Proof says the housing implosion wasn't his primary concern. "I was worried about what was going to happen when the government tried to reflate the bubble." The ensuing meltdown is going to result from the cure, not the original disease. Schiff says the Congressional Budget Office (CBO) got it exactly backwards when they issued warnings that the U.S. would slip into recession if we reached the debt ceiling early in 2013. America literally can't cut spending fast enough; a recession now beats a depression later. "Right...
  • Unprecedented Presidential Posturing (Peter Schiff)

    04/13/2012 8:21:26 PM PDT · by sickoflibs · 18 replies
    Safe Haven/Euro Pacific Capital, Inc. ^ | April 12, 2012 | Peter Schiff
    Last week, responding to President Obama's latest populist assault on the wealthy, I issued a commentary in which I explained why his ideas about American economic history were fundamentally flawed. As dangerous and erroneous as those views are, at least I can cut the President some slack for commenting on a subject in which he really has no basis for expertise. Hailing from academia and local community organizing, Barack Obama likely did not spend huge amounts of time boning up on economic history. However, there are other subjects where he should find firmer footing. Constitutional law certainly comes to mind....
  • Peter Schiff Says 1-2 Years At Most Before The Big Crash Comes

    02/03/2012 8:45:23 PM PST · by appeal2 · 22 replies
    www.KerryLutz.com ^ | 02/03/2012 | Kerry Lutz
    We caught up with Peter Schiff of EuroPacific Capital at FreedomFest's Global Economic Summit in the Bahamas. Peter is never shy about voicing his opinion about the impending crash of the US Dollar and the fiat monetary regime. While he's been warning us about the inevitable collapse, he's putting himself on the line now and believes that time is running short. He expects the event to occur within the next 1-2 years and believes that in addition to living on borrowed money, the government is also living on borrowed time. As he sees it, interest rates have been suppressed for...
  • Government is Hunter, You Are The Prey

    12/26/2011 7:26:37 AM PST · by kentramsay · 21 replies
    EconomicNoise ^ | 12-26-11 | Monty Pelerin
    http://www.economicnoise.com/
  • Obama Says Free Markets Never Work

    12/11/2011 10:33:44 AM PST · by Nachum · 43 replies
    Town Hall ^ | 12/11/11 | Peter Schiff
    For most of his time as a national political figure, Barack Obama has been careful to cloak his core socialist leanings behind a veil of pro-capitalist rhetoric. This makes strategic sense, as Americans still largely identify as pro-capitalist. However, based on his recent speech in Osawatomie, Kansas, the President appears to have reassessed the political landscape in advance of the 2012 elections. Based on the growth of the Occupy Wall Street movement, and the recent defeat of Republicans in special elections, he has perhaps sensed a surge of left-leaning sentiment; and, as a result, he finally dropped the pretense. According...
  • RevPac fundraiser at South Street Seaport (Ron Paul)

    12/07/2011 11:06:19 AM PST · by OddLane · 47 replies · 1+ views
    American Rattlesnake ^ | December 7, 2011 | Gerard Perry
    The RevPac event I attended on Monday night was an quite an experience. First of all, the choice of setting seemed designed to highlight some of the recurring themes in Ron Paul’s presidential campaign. While most of his primary opponents have held Manhattan fundraisers targeting donors in this city’s ever-dwindling, yet still potent, financial services sector, the rigidly anti-corporatist, free market dogma of the Paul campaign-highlighted by the appearance of bearish Euro Pacific CEO Peter Schiff-lent a new dimension to what would otherwise have been a routine campaign fundraiser. The optics of the event were pleasing, which I suppose was...
  • Peter Schiff Speaks for 1 Percent at Occupy Wall Street

    11/05/2011 11:45:10 AM PDT · by Amerikan_Samurai · 5 replies
    Uploaded by ReasonTV on Oct 27, 2011 Last week, Reason.tv followed investment guru, radio show host, and unflappable defender of capitalism Peter Schiff as he spent three hours among the Occupy Wall Street protesters in Manhattan's Zuccotti Park. http://www.youtube.com/watch?v=UGL-Ex1CD1c&feature=player_embedded#!
  • Peter Schiff – Prepare or Die

    10/31/2011 8:07:51 PM PDT · by Kartographer · 78 replies · 2+ views
    Snap Wire ^ | 11/1/11 | Peter Schiff
    Jim Rawls is with Peter Schiff today. He maintains a survivalist blog and is the author of several science fiction survival books. He is concerned about the possibility of an economic collapse and the hyperinflation that may be right around the corner. Interest in survival and family preparedness is up by about 30% in the past year. Right now, people seem to be more concerned about man-made disasters rather than natural disasters. You can see this in Egypt right now. The primary catalyst for all the riots over there is because the price of food has increased so substantially. Coffee...
  • (VIDEO) Peter Schiff takes on 'The 99%' at Occupy Wall Street, Part 2

    10/27/2011 2:24:13 PM PDT · by blog.Eyeblast.tv · 5 replies
    On October 21, 2011, The Media Research Center sent MRCTV to Zuccotti Park in New York City to see exactly what was going on at 'Occupy Wall Street'. While there, we captured Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital Inc., taking questions from the protesters who call themselves 'The 99 percent'. Schiff, as you can guess, took questions representing 'The 1%'- or in other words, the exact people the Occupiers are demanding be taxed more in order to spread wealth around. Essentially, the protesters aren't too fond of people like Schiff who have worked hard their...
  • Peter Schiff takes on Occupy Wall Street (Awesome)

    10/26/2011 5:47:01 PM PDT · by GlockThe Vote · 32 replies
    RCP ^ | October 26 2011 | Peter Schiff
    http://www.realclearpolitics.com/video/2011/10/26/peter_schiff_takes_on_occupy_wall_street_protesters.html
  • Job Killer in Chief(Another Peter Schiff home run)

    09/02/2011 11:08:55 PM PDT · by sickoflibs · 29 replies · 1+ views
    Safe haven /Europacific Capital ^ | Sep 2, 2011 | Peter Schiff
    This morning many on Wall Street were stunned by the big fat zero put up by the August jobs report, the worst showing in 11 months. The data convinced many previously optimistic economists that the United States will slip back into recession. I believe that we have been in one giant recession all along that was only temporarily interrupted by trillions of useless and destructive deficit and stimulus spending. Unfortunately, the August numbers will increase the talk of government efforts to stimulate the economy. But while President Obama prepares to unveil a new plan for the Federal Government to create...
  • Obama Is Looking Like America's Job-Killer-in-Chief (by Peter Schiff, Forbes)

    09/04/2011 12:56:32 PM PDT · by Clairity · 48 replies
    Forbes ^ | Sept. 2, 2011 | Peter Schiff
    Friday morning, many on Wall Street were stunned by the big fat zero put up by the August jobs report, the worst showing in 11 months. The data convinced many previously optimistic economists that the United States will slip back into recession. As President Obama prepares to unveil a new plan for the Federal Government to create jobs, evidence is rapidly piling up on how his administration is actively destroying jobs with stunning efficiency. Recent examples of this trend are enough to make anyone with even a casual respect for America's former economic prowess hang their head in disgust. So...
  • The Fix Is In (Peter Schiff Explains why it will fail again)

    08/12/2011 9:33:33 PM PDT · by sickoflibs · 64 replies
    Safe haven /Europacific Capital ^ | By: Peter Schiff | Fri, Aug 12, 2011 | Peter Schiff
    This week's wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of America's troubled economy. But this week did bring startling clarity on at least one front. In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy. Moving past the previously uncertain pronouncements that they would "keep interest rates low for an extended period," the Fed now tells us that rates will not...
  • Who, Me? Yes You!(Schiff:'Greenspan fathered the housing bubble/crisis' )

    05/15/2009 8:10:42 PM PDT · by sickoflibs · 74 replies · 2,853+ views
    Safe haven /Europacific Capital ^ | May 15, 2009 | Peter Schiff
    When, during the invasion of Iraq, the United States Government issued its famous deck of playing cards with the 52 arch villains of the Iraqi police state, Saddam Hussein's face adorned the Ace of Spades. If the Obama Administration wanted to engage in a similar public relations campaign for the real estate crisis, the top card should be reserved for Alan Greenspan. Yet in a speech this Tuesday before the National Association of Realtors, Sir Alan "the-bubble-blower" claimed that his low interest rate policies in the early and middle years of this decade had no effect on mortgage rates or...
  • The Schiff Report 2nd episode(Says to stop the home building )

    02/24/2009 7:47:00 PM PST · by sickoflibs · 32 replies · 1,498+ views
    youtube/Peter Schiff Channel ^ | February 24, 2009 | sickoflibs/peter Schiff
    “The conventional is the falling house prices are a bad thing and that the government needs to do something to slow it down or turn it around. But the reality is that real estate prices have to fall to a point where there actually affordable. Prices need to fall where the average American has enough money to put up a 20% down payment, and afford a 30 years loan that fully amortizes and is repaid,where the average American can convince a private lender to loan him money based solely on the collateral that he puts up and his own ability...
  • WTH! Peter Schiff stumping for Herman Cain?

    10/14/2011 10:18:53 PM PDT · by casablanca · 36 replies
    Daily Paul ^ | 9.29.11 | Rich Trix
    I mean seriously? Ron Paul drops in one poll and now Schiff is infatuated by Herman Cain! Just listened to his show and the first 10 minutes are like listening to some alien that has taken over Schiff's body. When you support a candidate you don't advocate another candidate or imply that your candidate is less electable than another. Slowly, bit by bit, my love for Schiff is diminishing. I gave him $300 bucks for his campaign in Connecticut and made hundreds of calls for him. Now he's just launched his own SuperPAC and now he talking about how Herman...
  • Peter Schiff: "Obama is dumber than a 2nd Grader on Economics"

    10/08/2011 5:05:42 PM PDT · by GlockThe Vote · 18 replies
    youtbe ^ | October 8, 2011 | Peter Schiff
    LMFAO! Brilliant - !!!! http://www.youtube.com/watch?v=sKLmBkoTnto&feature=channel_video_title
  • CEO Blows Away Congressional Hearing: 'I Was Fined for Hiring Too Many People!'

    09/20/2011 1:47:45 PM PDT · by bronxville · 17 replies
    Fox Nation ^ | 09-19-2011 | Staff
    Via Forbes.com: The following statement from Mr. Schiff was entered into the Congressional Record this morning as testimony before the House of Representatives Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending hearing: “Take Two: The President’s Proposal to Stimulate the Economy and Create Jobs.”
  • Peter Schiff: Before the Congressional Committee of Oversight & Reform

    "You see, the only way a society can really increase it's future consumption is to save. and by definition saving is under-consumption, it is a lack of consumption, it represents self sacrifice. But when you save and reduce your consumption today, you have money that you can invest, compound interest, and returns, ultimately you can enjoy enhanced future consumption. In America, we have indulged ourselves in the present at the expense of the future." - Peter D. Schiff 2006
  • S & P AA+ rating on U.S. Sovereign Debt not Low Enough ( P.Schiff )

    08/06/2011 11:16:02 AM PDT · by Para-Ord.45 · 32 replies
    http://www.youtube.com/ ^ | August 05 2011 | Peter Schiff
    Peter Schiff lays the smack down : - New Zealand is better than USA with AA+. NZ dollar at record high. Net public debt at only 10% of GDP. Far more solvent than USA - Fiscal situation will continue to deteriorate. - Another round of money printing coming. - Monday next week? Market rally behind the Euro, flight from USD. - Japan spent 50 Billion propping up USD. - Treasury market will come down, increase cost of financing deficit. - Downward spiral ensues. S&P, Fitch and Moody`s forced to downgrade again. - Fed and WH ramps up printing more money,...
  • The Schiff Report: "Merkel Caves on Greece" (video blog)

    06/17/2011 4:25:53 PM PDT · by bigbob · 9 replies
    Euro Pacific Capital ^ | 6-17-11 | Peter Schiff
    Austrian economist Peter Schiff brings you up to date on Eurozone developments - Merkel caves on Greece taking the easy way out politically by agreeing to a bailout that does not put the prime burden on Greek creditors. He also gives a heads-up on the what he sees as the inevitable coming QE-3...more monetizing of US debt by the Fed.
  • Invest Like Pirate

    06/02/2011 8:49:31 AM PDT · by Kaslin · 11 replies · 2+ views
    Townhall.com ^ | June 2, 2011 | Bill Tatro
    One of the most popular movie series of all-time has been Disney’s Pirates of the Caribbean starring Johnny Depp. Fraught with action, adventure, and danger, these same words can also be used to describe the U.S. Treasury market. In fact, the similarities are almost chilling. If you’re sailing on the high seas and a storm was imminent, more than likely you would head for the nearest port. Trying to ride out the storm would probably bring death and destruction, and anything would be better than that. However, if the port within reach was occupied by Johnny Depp and his collection...
  • Government shutdown averted, fiscal crisis assured! ( P.Schiff )

    04/09/2011 10:15:58 AM PDT · by Para-Ord.45 · 24 replies
    http://www.youtube.com/ ^ | April 09 2011 | Peter Schiff
    " There is no will to do anything about the deficit...What did our leaders agree...reduce 2011 deficit by 38 Billion dollars..represents 1% of what the Govt is spending in 2011. It represents less than 2.5% of the deficit for that year...If this is the best we can do...our fiscal house will crumble. There will be more rhetoric about the debt ceiling,the debt limit...that`s the next big vote.I expect that Congress will once again irresponsbly and recklessly vote to increase the debt ceiling because again there is no resolve as this ridiculous charade demonstrates where they were arguing between 30 billion...
  • Dick Morris Calls Ron Paul "Horrific", Hangs Up On Peter Schiff (Audio at YouTube)

    03/07/2011 12:24:54 PM PST · by beaversmom · 58 replies
    You Tube ^ | March 7, 2011 | SaveOurSovereignty3
    Dick Morris Calls Ron Paul "Horrific", Hangs Up On Peter Schiff (Audio at YouTube)
  • Peter Schiff gets SS Trustee to admit its a Ponzi Scheme

    02/14/2011 6:14:56 AM PST · by GlockThe Vote · 66 replies
    SchiffRadio.com ^ | February 14, 2011 | Peter Schiff
    http://www.youtube.com/watch?v=ITMEZImvNio Money quote: "Writing yourself a check for $1,000,000 does not make you a millioniare"
  • Obama Is "Clueless": Peter Schiff Weighs in on SOTU, Jeff Immelt's New Gig

    01/25/2011 8:44:39 AM PST · by cowboyway · 22 replies
    Yahoo Finance ^ | Jan 25, 2011, 11:28AM EST | Aaron Task
    President Obama is expected to call for increased spending on R&D and infrastructure during Tuesday's State of the Union address, according to reports. The president is also expected to call for a decrease in corporate tax rates as part of his recent pro-business offensive that has already seen the appointments of executives William Daley and Jeffrey Immelt to senior advisory roles, and a promise to reduce onerous regulations. (See: Obama Shows His True Colors ... and They're (Still) PRO-Business) But talk is cheap and Peter Schiff, president of Euro Pacific Capital, says President Obama is "clueless" about what the economy...
  • Peter Schiff: Housing still has at least 20% on downside to go.

    12/30/2010 1:16:40 PM PST · by GlockThe Vote · 85 replies · 97+ views
    Business Insider ^ | December 30, 2010 | Gregory White
    Peter Schiff: Here's Why Home Prices Have To Decline At Least 20% And Probably More Gregory White | Dec. 30, 2010, 12:09 PM | 6,520 | 25 House prices have to decline at least another 20.3% to come back to the historical trend and may have much further to fall, according to Peter Schiff of Euro Pacific Capital. Writing in the Wall Street Journal, Schiff breaks down the horrible state of the U.S. residential real estate market just days after a negative Case-Shiller number pretty much confirmed we're in a housing double-dip. Schiff explains that, if we all believe that...
  • Peter Schiff: Bernake & Obama are CLUELESS & Palin is Correct.

    11/10/2010 1:28:15 PM PST · by GlockThe Vote · 60 replies
    The Schiff Report ^ | November 10, 2010 | Peter Schiff
    http://www.youtube.com/watch?v=evNqcFiGDLQ
  • Fed Policy: Another Wealth Transfer to Wall Street

    11/09/2010 3:18:21 AM PST · by markomalley · 21 replies · 1+ views
    CNS News ^ | 11/9/2010 | Charles Goyette
    It was just two years ago, a wealth transfer so brazen as to leave one breathless.  The $700-billion Bush bailout met with so much hostility from the public that one congressman said his calls were running 50-50: 50 percent “no,” and 50 percent “Hell no!”Determined not to let it happen again, people across the country began linking arms in activism and tea parties.  By last week they had changed Congress.  Dozens of bailout supporters from the House and the Senate had been turned out of office.  So you’d guess that would pretty much put a lid on bailouts and wealth...
  • Simmons and Schiff: We were better Senate candidates than McMahon (Connecticut)

    11/08/2010 8:26:59 PM PST · by Qbert · 25 replies
    CT Post ^ | 11/6/2010 | Brian Lockhart & Neil Vigdor
    When a Republican candidate for U.S. Senate sinks $50 million into a losing campaign, it's natural for the less-monied runners-up for the GOP nomination to wonder if they would have performed better. Neither uttered the specific words "I told you so," but in separate interviews former U.S. Rep. Rob Simmons and economist/radio host Peter Schiff maintained they were better candidates than wrestling executive Linda McMahon. "There are a number of issue areas where I simply would not be subject to the kind of attacks that (Democratic foe Richard Blumenthal) leveled against Mrs. McMahon," said Simmons, who had criticized McMahon's background running...
  • Peter Schiff Explains What Currency War Will Mean For Gold

    Since the Bretton Woods Agreement was signed in the wake of World War II, the global monetary system has been based on the US dollar. This means that when the Fed decides to create trillions of dollars of inflation, other countries can't simply say, "let them dig their own grave." Instead, because their international transactions are denominated in dollars, they feel a pressure to maintain relatively stable exchange rates between their currencies and the dollar.
  • Peter Schiff: "We're in the Early Stages of a Depression"

    08/25/2010 6:31:34 PM PDT · by Lorianne · 83 replies
    The Motley Fool ^ | 09 August 2010 | Jennifer Schonberger
    Jennifer Schonberger: What's your take on the state of the economy now? Peter Schiff: We're in the early stages of a depression now. It's going to be a horrific experience for average Americans who are going to watch their standard of living plunge. The cost of living is going to escalate dramatically. We are going to see soaring prices for the basic necessities of life, like energy, clothing, and other things. Education and health-care costs are going to continue to spiral out of control. Millions of more Americans are going to lose their jobs, and all of us are going...
  • Ron Paul to announce for president in 2012?

    08/20/2010 1:07:26 AM PDT · by citizenredstater9271 · 51 replies
    Youtube ^ | August 17, 2010 | RidleyReport
    Even if it's just a rumor, the flurry of activity on RonPaulForums.com surrounding it could signify that a movement is still out there waiting to be massively reborn.
  • Peter Schiff: "We're in the Early Stages of a Depression"

    08/16/2010 11:16:14 AM PDT · by Atlas Sneezed · 37 replies
    Motley Fool ^ | August 9, 2010 | Jennifer Schonberger
    (snip) Schonberger: Sans fiscal stimulus and the Feds' intervention -- quantitative easing -- do you think we would even have GDP [gross domestic product] growth? Schiff: We don't have economic growth. GDP is going up, but that's not a sign of any economic growth. All we're measuring is what we're consuming. But we are paying for it by going into debt. As a nation, we're in worse shape because of the GDP growth. The real economy is shrinking. All we're doing is borrowing money from economies that are growing, like China, and we're spending their money. But that's going to...