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Keyword: peterschiff

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  • The Doddering Old Party - Is there a Scott Brown hiding out in Connecticut?

    01/27/2010 10:10:23 PM PST · by neverdem · 17 replies · 542+ views
    NATIONAL REVIEW ONLINE ^ | January 27, 2010 | Brian Bolduc
    NATIONAL REVIEW ONLINE           Brian Bolduc Author Archive    |    LatestJanuary 27, 2010 11:00 A.M. The Doddering Old PartyIs there a Scott Brown hiding out in Connecticut?  Call him “Senator.” Richard Blumenthal, Connecticut’s attorney general, beats his Republican opponents — Rob Simmons, Linda McMahon, and Peter Schiff — by 20 points in Rasmussen Reports’ latest poll. But some conservatives still think Blumenthal, who has never faced a serious challenge in his 27-year career, sports a glass jaw, and they’re looking for the prizefighter who can shatter it. Is there a Scott Brown hiding out in Connecticut? If so, who?...
  • Currency crisis imminent - Peter Schiff

    01/07/2010 9:23:27 AM PST · by Lorianne · 9 replies · 1,646+ views
    You Tube / CNBC ^ | January 07, 2010 | Peter Schiff interviewed by Larry Kudlow
    video 3:59
  • Blumenthal By 30 In CT-Sen

    01/06/2010 2:47:44 PM PST · by Biggirl · 57 replies · 2,098+ views ^ | January 6, 2010 | Scarce
    The numbers of the CT US Senate race. Public Policy Polling has just released their new numbers for CT-Sen. A stark contrast to what they had been. When Chris Dodd retired last night his seat went from one of the most vulnerable to one of the safest for Senate Democrats. Attorney General Richard Blumenthal leads all three of the Republicans in the race by at least 30 points in polling we conducted Monday and Tuesday night before Dodd's announcement. Blumenthal is unusually popular, especially in hyper partisan times when voters like few politicians. 59% have a favorable opinion of him...
  • Chris Dodd to step aside

    01/05/2010 9:10:39 PM PST · by bd476 · 79 replies · 2,784+ views
    Washington Post ^ | Posted at 11:41 PM ET, 01/ 5/2010 | Chris Cilliza
    Embattled Connecticut Sen. Chris Dodd (D) has scheduled a press conference at his home in Connecticut Wednesday at which he is expected to announce he will not seek re-election, according to sources familiar with his plans. Dodd's retirement comes after months of speculation about his political future, and amid faltering polling numbers and a growing sense among the Democratic establishment that he could not win a sixth term. It also comes less than 24 hours after Sen. Byron Dorgan (D-N.D.) announced he would not seek re-election. State Attorney General Richard Blumenthal is widely expected to step into the void...
  • Bernanke faces mounting criticism after speech

    01/05/2010 4:32:48 PM PST · by Bokababe · 7 replies · 433+ views
    The Hill ^ | 1/5/09 | Sean J. Miller -
    There is mounting criticism of Federal Reserve Chairman Ben Bernanke's claim that low interest rates didn't cause the recent housing bubble.
  • A Hell of a Decade (Peter Schiff)

    12/31/2009 6:02:29 AM PST · by rabscuttle385 · 22 replies · 1,362+ views
    Campaign for Liberty ^ | 2009-12-31 | Peter Schiff
    In its recent look back on the first ten years of the century, Time Magazine proclaimed the period to be "the decade from hell." The editors made their case based on what they saw as the signature events of the last ten years, notably the ravages of terrorism, failed wars, and a global financial crisis. Taken together, these factors produced an era that Time is convinced will be remembered as one of the low points in our history. As the media hates to dwell on the negative, the commentary was rife with notes of optimism about pending recovery. It could...
  • The Future of Gold, the Dollar, and More

    12/12/2009 12:10:34 PM PST · by grand wazoo · 38 replies · 1,295+ views
    The Motley Fool ^ | December 11, 2009 | Jennifer Schonberger
    The Future of Gold, the Dollar, and MoreThe dollar has had a huge effect on the stock market's moves this year. As the dollar has depreciated, many stocks have climbed higher; the logic is that a weaker dollar will boost the bottom lines of companies such as McDonald's (NYSE: MCD), Aflac (NYSE: AFL), and Coca-Cola (NYSE: KO), all of which derive a substantial portion of their revenues from abroad. The depreciating dollar has also boosted commodity prices and associated commodity stocks such as Freeport-McMoRan (NYSE: FCX) or Newmont Mining (NYSE: NEM), serving to lift the market. As we approach 2010,...
  • Never Gotten Anything Right

    11/30/2009 3:01:22 PM PST · by aic4ever · 9 replies · 665+ views
    Organized Exploitation ^ | 11-30-2009 | Paul Kroenke
    Peter Schiff appears on a panel with St. Louis Fed President James Bullard and Fed Vice Chair Alan Blinder. This was fireworks waiting to happen, and it doesn't fail to deliver, as Schiff drops a bomb on Bernanke that his cohorts are laughably unable to defend. Enjoy!
  • KY-Sen./CT-Sen. 2010: Republican Liberty Caucus Endorses Rand Paul, Peter Schiff

    11/10/2009 4:32:27 PM PST · by rabscuttle385 · 9 replies · 762+ views
    Its still early to be thinking about 2010 elections, but the Republican Liberty Caucus National Board has approved several endorsements for 2010 already. Liberty fans across the country will be pleased to note that the RLC endorsed Rand Paul in his bid to become U.S. Senator in Kentucky, and Peter Schiff in his bid to represent Connecticut in the Senate. The RLC has also endorsed Jason Shepherd for State Representative in Georgia, Shane Schoeller (Incumbent) for State Representative in Missouri, and Bill Hunt for Orange County Sheriff in California. Our endorsements process has just begun, so please stay tuned for...
  • CT-Sen. 2010: Peter Schiff's website hit by cyber attacks

    11/09/2009 12:07:41 PM PST · by rabscuttle385 · 12 replies · 1,448+ views
    The Hartford Courant ^ | 2009-11-05 | Daniela Altimari
    Peter Schiff's campaign website has been repeatedly targeted by cyber attackers, his brother and spokesman said this afternoon. The campaign has notified the FBI. Schiff, a Republican running for U.S. Senate, had planned a "moneybomb'' -- a one-day online fundraising blitz -- for today, but just minutes before midnight, when the moneybomb was set to start, the website went down, his brother, Andrew Schiff, said. "These are coordinated attacks,'' Andrew Schiff said in a brief phone interview. It wasn't the first time the website has been hit, Andrew Schiff said. The campaign had been targeted several times in the past...
  • Dollar loses reserve status to yen & euro

    10/13/2009 2:56:00 PM PDT · by mikelike · 28 replies · 2,012+ views
    NY Post ^ | 10/13/2009 | PAUL THARP
    {snip} Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the International Monetary Fund. Bernanke could go down in economic history as the man who killed the greenback on the operating table. After printing up trillions of new dollars and new bonds to stimulate the US economy, the Federal Reserve chief is now boxed into a corner battling two separate monsters that could devour the economy -- ravenous inflation on one hand, and a perilous recession on the other. "He's in a crisis worse than the meltdown ever was,"...
  • The Recovery That Isn't(Obama's worthless "jobless recovery,")

    10/02/2009 4:16:26 PM PDT · by sickoflibs · 37 replies · 1,862+ views
    Safe haven /Europacific Capital ^ | October 02, 2009 | Peter Schiff
    For those market boosters who are prattling on about the possibility of a "jobless recovery," I offer an invitation to join me for a breakfast of "fat-free bacon," "eggless omelets," and "no-carb bread." As unappetizing as such a meal may sound, it would nevertheless offer more substance than the oxymoronic concept of an economic resurgence without job creation. Those who do cling to the absurd belief that, absent exponential productivity gains, the economy can expand while workers are being laid off will undergo a massive test of their convictions now that it's clear the employment picture is bleak. Today's weaker-than-expected...
  • U.S. Rally is Doomed, Gold Will Hit $5000

    09/24/2009 7:37:14 AM PDT · by madison10 · 73 replies · 4,217+ views
    Yahoo ^ | September 24, 2009 | Aaron Task
    Unlike the "legitimate bull markets" of many foreign markets, Peter Schiff believes the U.S. is merely experiencing a "rally in a bear market," and is lagging the rest of the world "for a reason." The worst is not over, according to Euro Pacific Capital's Schiff, who predicts the Dow will fall another 90% from current levels when measured against gold. A longtime dollar bear and gold bull, he foresees gold hitting $5000 per ounce "in the next couple of years," and predicts the Dow and gold will trade on a one-to-one ratio vs. the current level of around 9.7-to-1. Schiff...
  • I Endorse Peter Schiff For Senate

    09/23/2009 12:45:29 PM PDT · by BGHater · 6 replies · 574+ views
    Global Economic Trend Analysis ^ | 23 Sep 2009 | Mike "Mish" Shedlock
    I wholeheartedly endorse Peter Schiff for Senate. To understand why, in spite of previous differences between us, please consider the following compelling case, starting with a look at government bailouts, the moral hazards of too big to fail, the current rise in the stock markets, and the "great government advance" of corporate welfare and bailouts at taxpayer expense. Robert Reich, former Secretary of Labor, Professor at Berkeley, discusses government intrusion in Why the Dow is Hitting 10,000 While Everyone Else is Cutting Back. So how can the Dow be flirting with 10,000 when consumers, who make up 70 percent of...
  • Schiff Enters Ring to Challenge McMahon for Dodd's Seat

    09/17/2009 8:06:21 AM PDT · by Rodebrecht · 21 replies · 1,410+ views
    NBC Connecticut ^ | 9/17/09 | Scott Ross
    Peter Schiff, a Waterbury money manager, author and financial pundit, today used "Morning Joe" as the platform from which to launch his much-anticipated bid to challenge Sen. Christopher Dodd. The announcement came as no great surprise. There have been multiple reports, it was teased on a twitter feed and a grassroots group of California liberatarians have been pushing for Schiff to run for months. "Smashed your TV? Fix it and tune into Morning Joe at 8:15 tomorrow morning!," Schiff tweeted yesterday afternoon. A Web site for Schiff's campaign is already up and running.
  • Ron Paul's Money Machine Churns for Others

    09/14/2009 9:02:56 AM PDT · by GoldStandard · 3 replies · 488+ views
    The Washington Post ^ | September 14, 2009 | Chris Cillizza
    The 2008 presidential campaign may be over, but the "revolution" spawned by Rep. Ron Paul's candidacy continues to echo through the political world. Paul (R-Tex.), capitalizing on a healthy distrust of government and his strident opposition to the war in Iraq, became an Internet phenomenon -- using the Web to raise an astounding $35 million for his long-shot candidacy. The financial network Paul built during his campaign has, amazingly, continued to reap dividends for two men seeking to be the congressman's political heirs in the 2010 elections. Rand Paul, who is running for the Senate in Kentucky and is the...
  • Dr. Doom Runs for Senate

    09/03/2009 9:51:51 AM PDT · by BGHater · 8 replies · 702+ views
    The American Conservative ^ | 01 Oct 2009 | Michael Brendan Dougherty
    Perpetual bear Peter Schiff contemplates a move into politics. Peter Schiff is offended. Nobody has ever contacted me from any of the congressmen to say, Hey, you saw this financial collapse coming, you nailed it exactly, he says, adding impatiently, I pretty much got it exact. If nobody from Washington wants to call him, Schiff figures, he will call Washington. I dont seem to be able to make a difference as a private citizen. No one there seems to care what I say, he complains. He plans to make them care by challenging Sen. Chris Dodd in 2010. People say...
  • Peter Schiff sets fundraising goal to enter CT Senate race

    08/29/2009 4:56:31 AM PDT · by freepersunite · 16 replies · 1,432+ views
    Youtube ^ | 29th August | Schiff
    Do you want Peter Schiff to run for Senate in Connecticut? If so, Peter has set a fundraising goal...
  • Peter Schiff (Ron Paul economic adviser) Leans Toward U.S. Senate Run

    08/23/2009 3:22:28 PM PDT · by freepersunite · 10 replies · 1,287+ views
    Hartford Courant ^ | August 23, 2009 | DANIELA ALTIMARI
    Peter Schiff turns on his computer and checks his fundraising numbers with the studied nonchalance other guys might display while perusing last night's box scores. It's a Friday in early August and Schiff's fans have set off a "money bomb" a 24-hour pledge blitz they hope will persuade him to run for the U.S. Senate seat held for almost 30 years by Christopher J. Dodd. Schiff, the Fairfield County stockbroker and author who has become YouTube's most popular prognosticator of financial doom, says he will make up his mind by Labor Day. But spurred on by a cadre of...
  • Peter Schiff: Get Rid of the Politicians [says U.S. needs to purge career politicians]

    08/20/2009 8:27:28 AM PDT · by rabscuttle385 · 51 replies · 1,745+ views
    Newsmax ^ | 2009-08-20 | Julie Crawshaw
    Potential U.S. Senate candidate Peter Schiff has a very simple plan for Washington D.C. Get rid of the politicians. We need citizens, people who are in the private sector, to come to Washington, to really get a job done, and then to leave, Schiff told Newsmax TVs Dan Mangru. Individuals who become career politicians, such as his potential opponent Sen. Chris Dodd (D-Conn), are whats wrong with Congress in Schiffs opinion because eventually they get assimilated into Washington D.C. culture. Schiff points out that Dodd has never actually worked in the private sector, never ran a business, and has never...
  • Freedom Watch Video on Obamacare w/ Ron Paul, Rand Paul, Daniel Hannan, Peter Schiff

    08/19/2009 10:31:36 PM PDT · by Bokababe · 7 replies · 871+ views
    Fox Freedom Watch/ YouTube ^ | 8/5/09 | Judge Napolitano
    PT 1 PT 2 PT 3 PT 4 PT 5 PT 6
  • Video: Peter Schiff Applies Cash for Clunkers Logic to Other Areas of Economy, Seinfeld Episode

    08/16/2009 6:29:41 PM PDT · by wrrock · 3 replies · 566+ views
    Why not have the government subsidize the destruction of all sorts of things, then have consumers go into debt to buy new versions of them? Just to temporarily goose demand. Watch Full Video:
  • Is Ron Paul the last relevant Republican in Washington?

    08/13/2009 10:23:25 PM PDT · by BGHater · 80 replies · 1,842+ views
    Examiner ^ | 13 Aug 2009 | Thomas Eddlem
    The question sounds facetious, since Texas Congressman Ron Paul failed to make any traction among GOP primary voters last year.Throughout the 2008 presidential primaries, Rep. Paul railed against the Federal Reserve Bank and the coming economic crash. And all the other GOP candidates seemed to look at him like he had just crawled out of the grassy knoll. So did most voters, except for a coterie of highly-motivated and mostly young primary voters he organized. Then economic reality happened, and the establishment GOP's economic model crashed along with the party's election hopes. Everything changed.Ron Paul's rEVOLution (revolution with love spelled...
  • Peter Schiff Speech at Google (Great Speech on Capitalism)

    08/11/2009 8:50:39 AM PDT · by 4rcane · 22 replies · 732+ views You never hear anyone articulate capitalism as well as Peter Schiff.
  • DUmmie FUnnies 08-11-09 (World's Worst TV Interview)

    08/11/2009 6:57:20 AM PDT · by PJ-Comix · 24 replies · 1,309+ views
    DUmmie FUnnies ^ | August 11, 2009 | caindabomb and PJ-Comix
    WARNING: Watching this VIDEO may cause you to pull an Elvis on your computer monitor. It features deranged Lawrence O'Donnell interviewing Peter Schiff who wrote a book that accurately predicted the 2008 economic collapse. Actually "interviewing" really isn't an accurate description. I'll let the person who posted this "interview" to YouTube, caindabomb, describe what happened: Lets say youre a talk-show host and you get the one guy who precisely predicted the financial collapse a year before it happened. You want to talk to him about the health-care reform debate and the financial implications of the current legislation. Note also...
  • The U.S. Economy - Status Quo is NOT Working - Ron Paul, Peter Schiff, David Walker

    08/11/2009 6:07:51 AM PDT · by UncleVanya · 19 replies · 2,203+ views
    Ron Paul and Peter Schiff pegged it. David Walker, former Comptroller General, pegged it. China, Russia, Saudi Arabia, international oligarchs (like Soros and satanists higher up hiding in the shadows) and others who are ready to devour the U.S. pegged it (which is why they paid for Obama to be elected). Stooges with narcissistic personality disorders like Barack Obama, Nancy Pelosi, George Bush, Federal Reservists, Fannie Mae bonus-boys, Insane Islamists, Narco-elites and a whole barrelful of shills, idiots, and moral zeros either don't get it or use it for their own power. We have not been alert to live...
  • Peter Schiff Raises $800k for Potential Senate Primary

    08/10/2009 4:48:22 PM PDT · by GoldStandard · 5 replies · 590+ views
    PR Newswire ^ | August 10, 2009 | Gerard Adams
    The Peter Schiff Exploratory Committee for the U.S. Senate Republican primary in the State of Connecticut has successfully raised over $800,000 in just one month since it began soliciting donations. Over $300,000 of these donations were made since Friday after some of Peter's supporters organized a 'moneybomb.' This compares to the $753,000 raised by the Republican frontrunner Rob Simmons from April through June. It is our belief that Rob Simmons would've voted with Chris Dodd in favor of the government's stimulus plans and bailouts, which have gotten our country trillions of dollars deeper into debt. It seems as though the...
  • Ron Paul Republicans making waves in GOP

    08/10/2009 11:37:22 AM PDT · by freepersunite · 19 replies · 1,539+ views
    American Spectator ^ | 8.10.09 | W. James Antle, III
    The donors who poured millions into Ron Paul's presidential campaign coffers aren't done yet. On Saturday, libertarian financier and commentator Peter Schiff raised more than $200,000 in a 24-hour "money bomb" as he continues to explore a bid for the Republican nomination to run against Sen. Chris Dodd (D-Conn.). Having now collected more than $790,000 in campaign contributions since mid-July, the Ron Paul Republican Schiff is competitive financially with the frontrunners for the GOP nomination. Former Congressman Rob Simmons raised $754,000 through June 30 while former ambassador Tom Foley has taken in $528,000 since mid-June. Schiff's fundraising haul wasn't the...
  • Of Course We're Not Going To Pay Back The Chinese- Peter Schiff

    08/09/2009 12:26:56 PM PDT · by shortstop · 17 replies · 1,101+ views
    The Daily Bail ^ | 08/09/09 | Peter Schiff
  • Rude MSNBC Host Attacks Peter Schiff 8/6/09 On The Ed Show

    08/08/2009 10:02:06 PM PDT · by Laissez-faire capitalist · 46 replies · 3,107+ views
    YouTube ^ | 8/6/09 | PeterSchiffVideos
    ... Americans in vast numbers are abandoning cable news networks because of stunts like this. Throughout the interview the host badgers and belittles Schiff who is barely able to open his mouth before the host interrupts him again.
  • "Experts" Never Learn (Bernanke's incompetence and cowardice guides country)

    08/07/2009 7:55:22 PM PDT · by sickoflibs · 19 replies · 1,048+ views
    Safe Haven ^ | August 07, 2009 | Peter Schiff
    There is an inexplicable, but somehow widely held, belief that stock market movements are predictive of economic conditions. As such, the current rally in U.S. stock prices has caused many people to conclude that the recession is nearing an end. The widespread optimism is not confined to Wall Street, as even Barack Obama has pointed to the bubbly markets to vindicate his economic policies. However, reality is clearly at odds with these optimistic assumptions. In the first place, stock markets have been taken by surprise throughout history. In the current cycle, neither the market nor its cheerleaders saw this recession...
  • Libertarian GOP Candidate Raises More Than $500,000 With Ron Paul-Endorsed Moneybomb (Schiff)

    08/07/2009 4:40:56 PM PDT · by GoldStandard · 53 replies · 1,670+ views
    The Washington Independent ^ | August 7, 2009 | David Weigel
    Peter Schiff, the libertarian economist and investor whos launched a dark-horse bid for the U.S. Senate seat currently held by Sen. Chris Dodd (D-Conn.), is raking in cash from a Ron Paul-endorsed, 2007-style moneybomb. As of 3:30, Schiff supporters had raised more than $100,000 today for the candidate at, giving him more than $550,000 in campaign cash since entering the race in mid-July with the aim of raking in $750,000 by days end. By comparison, former Rep. Rob Simmons (R-Conn.), the front-runner for the GOP nomination, raised $753,000 from April through June.
  • Schiff supporters to set off another moneybomb

    08/06/2009 4:40:00 PM PDT · by GoldStandard · 16 replies · 1,029+ views
    The Hartford Courant ^ | August 6, 2009 | Daniela Altimari
    Supporters of Peter Schiff's nascent bid for U.S. Senate plan to unleash another money bomb, or one-day donation blitz, tomorrow. The goal, according to the money bomb website, is to raise $1 million in a single day. Schiff has formed an exploratory committee as he contemplates a run for the Republican nomination to take on Democratic incumbent Chris Dodd. Known for his outspoken opposition to federal bailouts and stimulus efforts, Schiff has made frequent appearances on CNBC and other networks and is credited with having foreseen the current financial crisis. He served as economic adviser to Ron Paul, who sought...
  • Will You Fight?

    07/20/2009 9:04:40 PM PDT · by hope · 20 replies · 1,901+ views ^ | 7-20-09 | Peter Schiff
    Interesting...check out the man who wants to challenge Chis Dodd.
  • What if Palin chose wait for it....Peter Schiff as running mate?

    07/18/2009 10:26:27 PM PDT · by chevydude26 · 33 replies · 753+ views
    Yeah I know there is a bit of a difference between the austrian economics crowd and the usual friedman like supply siders who are conservatives...but both are capitalists and the only difference is really between how we deal with our monetary supply and Schiff has some credibility predicting the economic mess that occured last year...and he's not ron paul who is viewed as a kook and is horrible on foreign policy ...but will garner some of the paul people and will help with the young rebellious college kids..a way to soak up some of the hope and change crowd if...
  • CT 2010: Schiff Will Use Donors to Gauge Support for Senate Run

    07/15/2009 2:04:50 PM PDT · by rabscuttle385 · 1 replies · 569+ views
    CQ Politics ^ | 2009-07-15 | Emily Cadei
    Connecticut Republican Peter Schiff is using donation levels over the next few weeks to gauge support for a potential Senate run in 2010. But he might want to make a note of the experience of political mentor, Texas Rep. Ron Paul, whose 2008 presidential campaign experience demonstrated that a huge number of donations do not necessarily denote electoral viability. Schiff alerted supporters Tuesday that his campaign Web site is now accepting donations. "My decision to run is largely dependent on the level of early support and contributions I receive from people like you," he wrote in the e-mail. Recent polling,...
  • CT 2010: Schiff: Healthcare Fix Is Simple

    07/01/2009 7:53:50 AM PDT · by rabscuttle385 · 42 replies · 1,400+ views
    Newsmax ^ | 2009-07-01 | Julie Crawshaw
    Fixing health care is simple, says Euro Pacific Capital president Peter Schiff, a possible contender for Democrat Chris Dodds seat in Congress. "Given our current tax code, the simplest way to bring down medical costs would be to fully tax health care benefits as wages and simultaneously increase the personal deduction by an amount significant enough to neutralize the effect of the tax increase," Schiff writes in Taki Mag. Doing so would accomplish two things. First, the uninsured would get a huge pay increase, enabling them to buy reasonably priced catastrophic policies. Second, those currently insured could opt out of...
  • CT 2010: Schiff polling shows him competitive with Dodd

    06/30/2009 6:11:05 PM PDT · by rabscuttle385 · 23 replies · 877+ views
    The Hill, Washington, DC ^ | 2009-06-30 | Aaron Blake & Reid Wilson
    Economist Peter Schiff is looking closely at joining the GOP primary to face Sen. Chris Dodd (D-Conn.), and his polling shows he would be competitive in the general election. The polling, which was conducted by Wilson Research Strategies and obtained by The Backroom, shows Dodd leading the little-known Schiff within the margin of error, 42-38.
  • Ron Pauls Audit the Fed Bill Gathers Steam

    06/30/2009 6:46:35 AM PDT · by BGHater · 25 replies · 991+ views
    CQ ^ | 29 June 2009 | Emily Cadei
    He may have faded from the national political scene a year ago, after his dark-horse presidential run came to naught, but Rep. Ron Paul s influence is still being felt in campaigns and policy debates across the country. Indeed, the latest legislative priority of the libertarian Texas Republican auditing the Federal Reserve has gained support in unlikely quarters. Pauls legislation, popularly known as the Audit the Fed bill, has drawn 244 cosponsors, ranging from Ohios John A. Boehner , the conservative Republican floor leader, to Michigans John Conyers Jr. , the liberal Democratic chairman of the Judiciary Committee....
  • Expert urges U.S. gov't to change policies of taxing, spending [Peter Schiff]

    06/14/2009 11:53:47 AM PDT · by rabscuttle385 · 15 replies · 920+ views
    Xinhua ^ | 2009-06-14 | Jing Zhao Cesarone
    CHICAGO, June 14 (Xinhua) -- Taking issue with the Obama Administration's contention that the economy is showing signs of recovery, Peter Schiff, a well-known American economic commentator, firmly believes that this economy will never recover unless the government changes its policies of taxing, spending and expanding the government. Schiff, currently serving as president and chief global strategist of the brokerage firm Euro Pacific Capital Inc, told Xinhua during an exclusive interview on Saturday that "the things the government is doing with the economy only put us into deeper debt and deeper trouble. All they will probably do is buy us...
  • Property Rights Take a Hit (Peter Schiff on Obama's most recent assault)

    06/12/2009 3:05:02 PM PDT · by Painesright · 27 replies · 1,167+ views ^ | 06/12/2009 | Peter Schiff
    "Crony capitalism is a term often applied to foreign nations where government interference circumvents market forces. The practice is widely associated with tin-pot dictators and second-rate economies. In such a system, support for the ruling regime is the best and only path to economic success. Who you know supersedes what you know, and favoritism trumps the rule of law. Unfortunately, this weeks events demonstrate that the phrase now more aptly describes our own country. On Monday, the Supreme Court refused to hear an appeal from Chryslers secured creditors based on the governments argument that the needs of other stakeholders outweighed...
  • CT 2010: Broker who predicted meltdown eyes Senate run [Peter Schiff]

    06/10/2009 8:31:09 AM PDT · by rabscuttle385 · 25 replies · 815+ views
    Reuters ^ | 2009-06-10
    NEW YORK (Reuters) - Outspoken brokerage executive Peter Schiff, who early on predicted the financial market meltdown and current recession, is considering running for the U.S. Senate as a Republican seeking to displace Connecticut's Christopher Dodd. Schiff, who runs Darien, Connecticut-based brokerage Euro Pacific Capital, late on Tuesday told Jon Stewart of Comedy Central's "The Daily Show" he was considering a run for senate. Andrew Schiff, a spokesman for his brother, told Reuters on Wednesday that the pair was traveling to Washington to meet with U.S. Senator John Cornyn of Texas, chairman of the National Republican Senatorial Committee. The visit...
  • Peter Schiff: Reflating the Bubble

    04/11/2009 6:30:21 AM PDT · by NoobRep · 31 replies · 1,480+ views
    International Business Times ^ | 4/10/09 | Peter Schiff
    Amid an "inflationary depression" in the U.S., Peter Schiff, president and chief global strategist of Euro Pacific Capital, sees opportunities in the maelstrom. Facing a massive redistribution of wealth, he advises investors to act quickly and "divest U.S. dollar assets into physical precious metals, other currencies and equities outside the United States." In this exclusive interview with The Gold Report, the widely-quoted expert on money, economic theory and international investing discusses what led up to our current "phony economy" and how investors can actually profit from the crisis. The Gold Report: Peter, you were one of few people to predict...
  • Will U.S. Financial Woes Lead To New World Order?

    03/28/2009 6:07:17 AM PDT · by JACKRUSSELL · 28 replies · 1,509+ views
    Haaretz ^ | March 26, 2009 | By Adam Abrams
    Is the U.S. about to lose its status as the dominant global superpower? Will the dollar collapse? If so, what would become the new global reserve currency and what would replace U.S. hegemony in a new world order? ......So how would a new world order emerge? It seems that the global population would only be willing to accept the implementation of a new world order, in either form, in the event of a major global crisis, such as the complete economic collapse of the United States of America. ......Many experts believe that this is not only possible, but likely. According...
  • Peter Schiff: America officially a banana republic

    03/22/2009 3:36:15 AM PDT · by GoldStandard · 110 replies · 2,880+ views
    Examiner ^ | March 21, 2009 | Craig Meister
    Peter Schiff, who has correctly predicted much of the present financial calamity that is destroying the wealth of millions of Americans, now says that with the Federal Reserve's decision to print money by the truckload, "America has now become a banana republic."
  • The Mother of All Bells

    03/20/2009 1:27:27 PM PDT · by BGHater · 56 replies · 1,784+ views
    Euro Pacific Capital ^ | 20 Mar 2009 | Peter Schiff
    There is an old adage on Wall Street that no one rings a bell at major market tops or bottoms. That may be true in normal times, but as many have noticed, we are now completely through the looking glass. In this parallel reality, Ben Bernanke has just rung the loudest bell ever heard in the foreign exchange and government debt markets. Investors who ignore the clanging do so at their own peril. The bells reverberations will be felt by everyday Americans, whose lives are about to change in ways few can imagine. While nearly every facet of Americas economy...
  • THE Explanation of the Economic Crisis in Easy to Understand English

    03/18/2009 8:56:27 PM PDT · by sldghmr300 · 27 replies · 2,183+ views
    Here it is. It's long for you small minded, entertainment needy, slow witted folks, but really a concise, entertaining 1 hour 16 minute explanation of how we got here, who's responsible, and what to expect. If you listen, you will find out what YOU and WE THE PEOPLE, need to do in the next 6-10 years so the country doesn't go bankrupt. I challenge you to listen first, then comment. link is
  • NEW Peter Schiff video: Why the Meltdown Should Have Surprised No One

    03/18/2009 12:43:28 PM PDT · by Painesright · 9 replies · 804+ views
    Mises Economics Blog/Peter Schiff ^ | 03/18/09 | Mises Economics Blog/Peter Schiff
    Video from the annual Austrian Scholars Conference at the Ludwig von Mises Institute in Auburn, Alabama. Peter Schiff provides a detailed overview of how the bubbles in both tech stocks and real estate were extremely easy to foresee and how government policy played such a large role in creating and nourishing the bubbles as they grew. He also spends a great deal of time analyzing why mainstream economists still do not understand the fundamentals of our current crisis, and how the government's misguided stimulus and bailout policies are sowing the seeds for economic devastation.
  • Rush to Judgment

    03/09/2009 9:05:06 AM PDT · by BGHater · 5 replies · 454+ views
    Euro Pacific Capital ^ | 06 Mar 2009 | Peter Schiff
    Talk show host and conservative icon Rush Limbaugh recently ignited a firestorm of criticism for expressing his desire that Barack Obama should fail. Democrats, and even some Republicans, suggested that he had put aside his patriotism to wish for an economic collapse that would result in political advantage for conservatives. However, if you believe as I, and apparently Rush, that Obamas plans will prevent recovery, then wishing that they fail to become actual policy is the right thing to do. The problem is that since Mr. Limbaugh has a history of partisanship, and since he did not forcefully criticize the...
  • Obama Puts the Economic Cart Before the Horse

    02/27/2009 11:40:18 AM PST · by BGHater · 19 replies · 929+ views
    Euro Pacific Capital ^ | 27 Feb 2009 | Peter Schiff
    In his first televised speech before Congress, President Obama asserted that prosperity will return once the government restores the flow of credit in the economy. It may come as a surprise to him, but an economy cannot run on consumer loans. Furthermore, credit stopped flowing in the U.S. for a very good reason: there was no more savings left to loan. Government efforts to simply make credit available, without rebuilding productive capacity or increasing savings, are doomed to destroy whats left of our economy. The central tenets of Obamanomics appear to be that access to credit will enable people to...