Thursday, October 31, 2013

The Peter Schiff Show Wednesday 10/23/2013

For Truly Affordable Care, Opt Out. Dr. Richard Amerling, associate professor of clinical medicine at nephrologist at New York City's Beth Israel Medical Center, on why the smartest move for patients seeking quality care is to abandon Medicaid, ObamaCare, and even Medicare altogether.

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, October 30, 2013

The Federal Reserve Has No Exit Strategy

The Federal Reserve Has No Exit Strategy
A) the Fed has no exit strategy and is more likely to expand its QE program than diminish it,
B) the U.S. economy is stuck in below-trend growth and possibly headed for another recession
C) America's refusal to deal with its fiscal problems will undermine international faith in the dollar;

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

America Imports Valuable Consumer Goods And Exports Debt

America Imports Valuable Consumer Goods And Exports Debt
We don`t have a balanced trading relationship. America imports all sorts of goods, valuable consumer goods and resources and we export debt, we export paper, inflation.

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

Tuesday, October 29, 2013

Gold is Going to Make New Highs

Gold is Going to Make New Highs
"Gold is going to make new highs – well above $2,000. People are going to forget that this correction ever took place and we're going to keep on going higher because we are in a major, historic gold bull market." - 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

Thursday, October 24, 2013

Political strategy

They[Republicans] lost the media battle. There’s definite media bias, but again they shouldn’t have had the fight unless they weren’t willing to raise the debt ceiling under ANY circumstances. If Republicans had dug in, they’d have to reduce spending by about a trillion dollars a year.  Many departments, such as Energy and Education, would have to be eliminated. If they were not willing to do that, they should have just given the Democrats everything they wanted so their fingerprints would be all over it.


Monday, October 21, 2013

Peter Schiff on republicans and debt ceiling

I don’t think Republicans have the fortitude to bring about the painful process of correcting the mistakes we’ve made. If we don’t raise the debt ceiling, we have to deal with the fact that we’re broke. We will have to make serious cuts. If we don’t raise the debt ceiling, we’d have to meaningfully reduce the size of government. Republicans aren’t willing to vote for it. They always campaign in favor of a balanced budget amendment, and that means the budget has to balance.

By not raising the debt ceiling, it means we’re forced to balance the budget. Republicans don’t want to cause it because it means disappointing somebody. Telling somebody they’re not going to get government benefits is not default. People that pay the Social Security tax think they’re being promised something, but it’s not a choice. They’re not getting their own money back. What the government does is it takes from the younger generation. None of it gets invested, and it’s already spent.


source: Dailycaller

Saturday, October 19, 2013

Silver Has An Exciting Future

"Silver has an exciting future. Its use in high-tech industries is expanding, from photovoltaic power and automobiles to high-end electronics and nanosilver. While the US economy is floundering, emerging markets like China have shown a voracious appetite for silver. The growing Asian middle class is also buying silver bullion in record amounts, causing supply shortages and record high premiums." - in Euro Pacific Precious Metals 

Related Stocks & ETFs: iShares Silver Trust ETF (SLV), Hecla Mining Company (NYSE:HL), Silver Wheaton Corp. (USA) (NYSE:SLW)



Peter David 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, October 17, 2013

Gold Market: A Turnaround During A Season Usually Ruled By The Bears

"In last month's Gold Letter, I explored the likelihood of a dramatic short squeeze in the gold futures market. With record short positions facing a rising gold price, I anticipated that short sellers would have to cover their bets by buying back the contracts they sold short, and in so doing, drive the yellow metal higher.

While a full-scale short squeeze has yet to develop, speculators have abandoned their record short positions in gold. In each of the first three weeks of August, futures speculators increased their net-long positions, and by August 20th, money management accounts had grown their net-long positions to the highest since February. The futures market reversed course so much that by the third week of the month, gross short positions were at their lowest since April.

That's quite a turnaround during a season usually ruled by the bears. Just as I forecast, this about-face in the futures market was likely a big factor in gold's resurgence." - an excerpt of Off To The Races

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), AngloGold (AU), Goldcorp (GG), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)



Peter David 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, October 16, 2013

An Unmitigated Disaster

"It's been an unmitigated disaster. The history of the Fed is the history of the decline of the United States. I am not going to blame it all on the Fed; there are other factors. But the Fed had an integral role in the gradual decline of American civilization." - in New York Post



Peter David 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, October 14, 2013

Choosing Between Federal Reserve Candidates Is Like Choosing How You Want To Be Executed

"Choosing between Fed candidates is like choosing how you want to be executed." - in CBS Market Watch 



Peter David 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

Saturday, October 12, 2013

The Debt Ceiling is just Politics


Peter Schiff : I don’t see the debt ceiling as the crisis, that’s part of the solution. The crisis is the debt, and the crisis is that we’re going to raise the debt ceiling. We’re going to keep raising the ceiling so we’re going to keep piling more debt on top of the debt that we have.
And, eventually, the crisis comes not because we don’t raise the debt ceiling, but because lenders don’t raise the lending ceiling because they recognize that we’re broke. They won’t want to throw good money after bad, they don’t want to keep lending money to a country that can’t pay back what has already been loaned to it.
That’s when we have a real crisis—interest rates go up; the dollar collapses. The debt ceiling is just politics. We’d be better off if the debt ceiling couldn’t be raised, because then we’d actually have to deal with the problem instead of kicking the can down the road. - in IndexUniverse

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, October 11, 2013

Physical Precious Metals Demand

As Western investors flip-flop on whether or not gold remains a good buy, Eastern and emerging market investors have jumped on these low prices as an unprecedented buying opportunity. At this point, the data supporting physical precious metals demand is so great that it's easier to just list a few highlights from the second quarter of 2013:

 - 53% more bullion was purchased worldwide this quarter than in 2012 year-over-year (YoY).

 - Demand for gold jewelry worldwide grew 37% YoY. ·Global coin and bar demand hit a quarterly record of more than 500 metric tons.

 - For the 10th consecutive quarter, global central banks increased their net gold reserves

(excerpt from the article "Gold Is Off To The Races")



Peter David 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, October 10, 2013

We have to raise our Debt Ceiling is because we can't Pay our Bills


"The reasons we have to raise our debt ceiling is because we can't pay our bills," Schiff says. "We're broke and we can't pay for anything, we have to keep going deeper and deeper into debt." - 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

Either Way, Gold Rallies

“The gold market has sold off on anticipation of a taper. But even if the Fed does taper, I think we get a rally… Okay, so the Fed tapered, so what? It’s still got cheap money, it’s still going to keep on coming. Buy gold. So I think gold rallies on a taper, but I think it can have an even bigger rally on a non-taper, as people realize that the taper they baked into this gold cake isn’t going to happen. Instead, we’re getting even more QE. Either way, gold rallies.” - in Europac Metals Blog

Related ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), AngloGold (AU), Goldcorp (GG)



Peter David 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, October 9, 2013

Peter Schiff: The Fed is Lying

Peter Schiff of Europac.net tells TheStreet he thinks Wall Street analysts are wrong about gold, and that the Fed is lying about inflation.

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

Peter Schiff on The Alex Jones Show Warns of Economic Collapse and Martial law

Investment broker and financial commentator Peter Schiff joins the show to reveal that the Federal Reserve's monetary expansion program, called Quantitative Easing, is destroying the middle class and pushing the American economy towards a cliff under the illusion of an economic recovery.

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

Tuesday, October 8, 2013

The Precious Metals Are Off To The Races Once More

"Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively.

Fortunately, after staggering along the lows, the precious metals are off to the races once more – with gold rallying more than 18% and silver 31%. This remarkable performance continues even in the face of the Fed’s sustained tapering threats.

The exhaustion of short-sellers paired with insatiable global physical demand has positioned gold for an exciting conclusion to a volatile year." - in Right Wing News

Related ETFs: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Newmont Mining (NEM), Barrick Gold (ABX), AngloGold (AU), Goldcorp (GG)



Peter David 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

Get Back Into Gold Before It’s Too Expensive

“The Fed knows that the only thing propping up this phony economic recovery is their QE. Rather than tapering, the next move by the Fed is going to increase the size of those monthly QE injections… What’s going to stop the Fed is a currency crisis, a collapse in the value of the dollar, a collapse in the bond market… If you did get out of gold, you should get back in before it’s too expensive to get back in.” - in Europac Metals Blog

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, October 7, 2013

We Are Either Going To Default Or Inflate


"There's no way we can pay any of this money back. We're either going to default or inflate. Either way bondholders are going to lose, so don’t buy any Treasuries." - in Money News

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

Sunday, October 6, 2013

Buyers of US Treasuries cannot keep Lending Money to a country that can’t pay back


Peter Schiff : …they (buyers of US Treasuries) don’t want to keep lending money to a country that can’t pay back what has already been loaned to it.

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

Bernanke Thinks He Sees A Light At The End Of The Tunnel

“He thinks he sees a light at the end of the tunnel but doesn’t know it’s an oncoming train yet.” - in CBS Market Watch Blog 

Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY)



Peter David 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, October 4, 2013

The Crisis Is The Debt, Not The Debt Ceiling

"I don’t see the debt ceiling as the crisis, that’s part of the solution. The crisis is the debt, and the crisis is that we’re going to raise the debt ceiling. We’re going to keep raising the ceiling so we’re going to keep piling more debt on top of the debt that we have.

And, eventually, the crisis comes not because we don’t raise the debt ceiling, but because lenders don’t raise the lending ceiling because they recognize that we’re broke. They won’t want to throw good money after bad, they don’t want to keep lending money to a country that can’t pay back what has already been loaned to it.

That’s when we have a real crisis—interest rates go up; the dollar collapses. The debt ceiling is just politics. We’d be better off if the debt ceiling couldn’t be raised, because then we’d actually have to deal with the problem instead of kicking the can down the road." - in Index Universe 

Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY)



Peter David 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, October 3, 2013

Silver Tends To Outperform in a Bull Market

"When entering a bull market in the metals, silver tends to outperform. Gold has rallied more than 14% from its low in June, while silver is up 24 percent. There is no doubt that silver is a key ingredient for an inflation-resistant portfolio." - an excerpt From The Desk Of Peter Schiff

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, October 2, 2013

Peter Schiff: Fed Admits Economy is Fundamentally Weak

All the buildup. The hype. You would be forgiven if you thought this was some sort of Hollywood blockbuster coming down the pipe. It fizzled, just like so many of them do. Ask a room full of economists on Tuesday if they thought the QE taper was on, and you would have heard a resounding yes. It was a question of just how much.
Then came Wednesday and the shocker that the Federal Reserve was leaving QE unchanged and slashing growth forecasts.

Peter Schiff is out with a letter explaining his thoughts on the whole process, and what he sees as a way forward. He thinks the Fed admitted that the US economy is fundamentally weak, and cannot handle the stimulus being withdrawn. The recovery is highly dependent on the QE program like an addict. Plus, the benefits all go to Wall Street. Dow 15k, yet all we produce are part-time jobs? Sustainability baby.


Schiff goes on to say that when the stimulus has to be removed, the correction to real values will be worse than the one five years ago. Obviously Peter Schiff left his rose colored glasses at home.


With QE, the Fed has succeeded in one thing. Confidence. With the stock market back at lofty levels, investors are feeling confident. Real estate prices are being bid up by funds looking to get into the rental game. Perception on the Wall Street is all is well. Except on Main Street, no one buys into that anymore. Without QE, there is no way the markets reach these levels. So remove the drug, and watch the inevitable crash according to Schiff.


As we can already see today, the Fed has one exit strategy. It will sound familiar to most Americans. Hope. Yeah, they are pinning the whole thing on hope. Sure, they will drop their hints on slowing down this, tapering that.


In the end, the Fed needs the economy to all of the sudden come back to life. The problem is, once it does and they stop the QE, they themselves become the problem with the tightening financial conditions. Interest rates rose over the summer due to the taper talk. Now, they have to hope one day the economy is strong enough to absorb their shock.


Some would argue we have where the political refrain of hope has led this country. Now we have a central bank following the same premise.


Read Peter Schiff’s full letter at: http://www.europac.net/commentaries/taper_wasnt


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

Tuesday, October 1, 2013

QE is Like a Drug, The Economy Needs More Of It

QE is Like a Drug, The Economy Needs More Of It
"The recovery that the Federal Reserve is bragging about helping create is 100 percent dependent on the quantitative easing that it is supplying. M of it to sustain the phony economy. Far from diminishing QE, the next big move is going to expand it." - in CNBC

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

Silver Has An Exciting Future

"Silver has an exciting future. Its use in high-tech industries is expanding, from photovoltaic power and automobiles to high-end electronics and nanosilver. While the US economy is floundering, emerging markets like China have shown a voracious appetite for silver. The growing Asian middle class is also buying silver bullion in record amounts, causing supply shortages and record high premiums." - in Euro Pacific Precious Metals

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

How to Measure Inflation


Peter Schiff : "If we used today's inflation measure in the 70s, there would've been no inflation." - in Twitter

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

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