Monday, November 13, 2017

Peter Schiff on the upcoming Tax Cut legislation


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, August 28, 2017

Crypto currency supply will exceed the demand

"What kept me out of it is understanding that it's not going to work - that bitcoin or any of these crypto-currencies are never going to be money. They're never going to achieve what everybody believes is going to happen. All that's happening now is people are speculating on something that isn't going to happen.

They keep on creating them one after another - so the supply is going to ultimately overwhelm the demand."


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, August 21, 2017

Bitcoin is a cult and in a bubble

"There's certainly a lot of bullishness about bitcoin and cryptocurrency, and that's the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it's going to work. And the higher the price goes, the more convinced you become that you're right. But it's not going up because it's going to work. It's going up because of speculation.

People who get in and get out can make money," he said. Unfortunately, that's easier said than done. He added: "Most people never get out. Most people just don't sell, because of the psychology, and what happens to most people is they just keep buying more. So, when it crashes, they don’t just give back the paper profits – they give back real money.

This is a speculative frenzy. Right now, this is a bubble. It's a cult.  When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed."


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Wednesday, August 16, 2017

Military action can help deflect blame


"Donald Trump has made the mistake of putting the Trump brand on this stock market. And, you know, this was a big, fat, ugly bubble when he was running for office. It’s bigger, fatter and uglier now. And so maybe, if the market can start falling, and they can blame it on some military action, maybe that’ll get them off the hook.”


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, August 14, 2017

US Dollar is down 10 percent since Trump was inaugurated


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"While Obama was president, we were creating 200,000 jobs a month. We had a low unemployment rate under President Obama. And President Trump got elected because he rightly criticized those fake numbers. He was truthful with the public about the real state of the economy. Voters knew that the reason the unemployment rate was low was because so many people had left the workforce. And Donald Trump mentioned. yes, we were creating jobs, but they were low-paying, part-time jobs. The same thing is happening now. We are still creating low-paying, part-time jobs. We still have a very low labor force participation rate. Nothing has changed, and the president looks like a hypocrite to say that everything was awful under Obama – it’s basically the same now, and all of a sudden everything is great."



Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Tuesday, August 8, 2017

I liked Trump better when he was a candidate | Trump setting himself to be the "fallguy"



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Topics of discussion involve Donald Trump, US Dollar, Fed, Bitcoin investors are speculating


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, July 17, 2017

Janet Yellen not concerned about weakness in economy


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Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

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