Monday, May 27, 2013

This Rally Has Been Based on a “Fantasy,” Says Peter Schiff

Peter Schiff : "I think Wall Street has been trying to convince itself that despite the data, the U.S. economy is actually recovering,” . “And I think over the last several weeks so many data points have come in to disappoint this fantasy of an economic recovery, that I think maybe it’s finally starting to set in.” - in Yahoo Finance Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Wednesday, May 22, 2013

It is 1976 all over again

Peter Schiff : "Unfortunately just like 1976, a true economic recovery is not just around the corner. More likely we are in the eye of an economic storm that will blow much harder than the stagflation winds of the Jimmy Carter years. And once again the establishment is using the decline it the price of gold to validate its misguided policies and discredit its critics. But none of the problems that led me and other modern day gold bugs to buy gold ten years ago have been solved. In fact, monetary and fiscal policies have actually made them much worse. The sad truth is that as bad as things were back in 1976, they are much worse now. Whether as a nation we will be able to rise to the occasion, and actually finish the job that Ronald Reagan and Paul Volcker started remains to be seen. But I am confident that the price of gold will rise much higher, and that its final ascent will be that much more spectacular the longer we continue on our current policy path. Don't believe the mainstream. Just as before, they will likely be wrong again." - in Street Insider"Unfortunately just like 1976, a true economic recovery is not just around the corner. More likely we are in the eye of an economic storm that will blow much harder than the stagflation winds of the Jimmy Carter years. And once again the establishment is using the decline it the price of gold to validate its misguided policies and discredit its critics. But none of the problems that led me and other modern day gold bugs to buy gold ten years ago have been solved. In fact, monetary and fiscal policies have actually made them much worse. The sad truth is that as bad as things were back in 1976, they are much worse now. Whether as a nation we will be able to rise to the occasion, and actually finish the job that Ronald Reagan and Paul Volcker started remains to be seen. But I am confident that the price of gold will rise much higher, and that its final ascent will be that much more spectacular the longer we continue on our current policy path. Don't believe the mainstream. Just as before, they will likely be wrong again." - in Street Insider
Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Monday, May 20, 2013

The FED Is Going To Up The Size Of QE

Peter Schiff :  "The Fed is going to have to admit that it isn't working, and they're going to up the size of QE." - in CNBC.com
Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Friday, May 17, 2013

Take advantage of gold sell offs


There is a clear concept of the monetary transformation taking place

These momentary panics [gold sell off] allow us to buy their (fair-weather investors') gold at steep discounts.





The Fed Will NEVER Stop QE! They Can't The US Economy Will Collapse!

Peter Schiff : Fed Will NEVER Stop Q.E! They Can't The US Economy Will Collapse! 2014 predictions Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Thursday, May 16, 2013

Peter Schiff : US Recovery is fake

People think the U.S. economy is recovering. This “recovery” is really no more than the Fed trying to print money as fast as it can in order to reach inflation goals and keep the economy from collapsing.

Wednesday, May 15, 2013

Schiff: Government says we have low inflation

Although our government-supplied data suggests we are experiencing low inflation and modest economic growth, the economy shows symptoms of low growth, rising prices, and diminishing purchasing power.

Tuesday, May 14, 2013

The patient is getting sick but the doctors are distracted

If consumer inflation data were reported more accurately, it would be revealed that much of the apparent growth is an illusion. The patient is getting sicker, but the doctors are too distracted to notice.

No Country In History Failed Because Its Currency Was Too Strong

While the world's economies jockey one another for the lead in the currency devaluation derby, it's worth considering the value of the prize they are seeking. They believe a weak currency opens the door to trade dominance, by allowing manufacturers to undercut foreign rivals, and to economic growth, by fighting deflation. On the other side of the coin, they believe a strong currency is an economic albatross that leads to stagnation. But the demonstrable effects of currency strength and weakness reveal the emptiness of their theory.
A country that attracts investment from abroad (through stable and fair governance, low taxes, a growing economy, and a productive labor force) and produces goods that are in demand on the global stage will generally see a rising currency. In essence, this is the reward for a job well done. Strong currencies then help nations stay strong by conferring greater purchasing power to its citizens and businesses, which keeps input costs low, thereby enhancing international competitiveness. Strong currencies also encourage savings, keep real interest rates low, lower capital costs, and allow for greater productivity and higher real wages.
It is often argued that a weak currency confers advantages in foreign trade. But the edge only results from putting exports on sale. Any merchant will tell you that it's easy to sell more if you cut prices, but most would prefer charging full retail. However, exports are not an end in themselves, they are a means to pay for imports. The goal of an economy is not to work, but to consume. If citizens in one nation buy goods produced in another, they must pay with exports. When a nation's currency appreciates imports cost less and fewer exports are needed to pay. This means goods and services at home will be cheaper and more plentiful, and citizens won't need to work as hard to buy them. This is the definition of rising living standards.

Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Monday, May 13, 2013

We are getting poorer

Rising prices were obscured by consumers purchasing lower quality products. Not only are consumers avoiding the beef and pork that they otherwise may have preferred, but they are opting out of the convenience of prepared foods. This behavior is symptomatic of diminished consumer purchasing power. This is known as getting poorer.

Monday, May 6, 2013

The Fed Is Creating an Economic Illusion: Peter Schiff

For the better part of six years the FOMC has been doing its best to give away money. On an institutional, level money is essentially free. The notion driving this Federal Reserve largesse was the idea that free money would get spent, thus stimulating the economy. There should be inflation right now. Instead the economy is listless, almost sedated.

If market participants seem on edge it's only because everything they once believed to be true is either being shown to be utterly false or the delay between cause and effect is so long that the theory is pointless.

Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Friday, May 3, 2013

Peter Schiff - Las Vegas talk show

Peter Schiff will be at the Las Vegas Money Show, which gets underway in just ten days. The event is one of the world's largest personal finance expos and the best part is that registration is completely FREE!

You can hear from Peter Schiff to other great speakers including Steve Forbes (Forbes Media), Roger Conrad (Canadian Edge), Axel Merk (Merk Funds), Mark Skousen (Freedom Fest), Marin Katusa (Casey Research), and many more.

Each seasoned presenter will provide in-depth knowledge about the financial markets, current top-performing sectors, and strategies for navigating these markets. Acquire the perspectives and insights you'll need to become an informed investor, get answers to your specific financial questions face-to-face, and discover cutting-edge investment opportunities - all under one roof!


Keynote

Too Big to Bail: Why the Next Financial Crisis Will Be Worse Than the Last

Monday, May 13th
3:50 - 4:15 pm


Panel

Deflation to Inflation: A Three-Year Investment Road Map

with Steve Forbes, Robert McTeer, Jim Stack, and myself.

Monday, May 13th

6:15 - 7:00 pm



Panel
The Bull vs. Bear Debate
with Hilary Kramer and Jim Stack vs Axel Merk and myself.
Tuesday, May 14th
7:30 - 8:15 am


Workshop
Investing for the Real Crash: What to Do When America "Wins" the Currency War
Tuesday, May 14th
11:15 am - 12:15 pm

Money Show Las Vegas


Date: May 13th - 16th, 2013

Caesars Palace
3570 S Las Vegas Blvd  Las Vegas, NV 89109
Las Vegas, Nevada


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