Monthly Archives: February 2013

Sequester: A Matter of National Security (Video)

Peter Schiff lampoons the sequester fear mongering of the media and Janet Napolitano on the Peter Schiff Show. Of course, what we should be scared about are the limitations of the sequester and the ever-growing national debt.

You can call in and ask Peter a question five days a week, from 10 AM to Noon ET, at 855-4-SCHIFF. Listen to the live show at SchiffRadio.com.

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Today’s Key Gold Headlines – 2/28/13

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US Debt Crisis Will Be Worse than Europe’s (Video)

Peter Schiff was interviewed by the MoneyShow.com Video Network about the US debt crisis and what investors can do to avoid the real crash.

“I think moving moving away from real money to fiat money – that is the real root of the evil…The reason we were able to borrow so much money, the reason our economy was transformed from an investment, production, and savings economy to this gigantic debt bubble of consumption and big government, is because of paper money. And because the dollar became the world’s reserve currency, we were able to keep this scheme going for a lot longer than any other nation historically was able to do…Just like every bubble, it is going to burst.”

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Government Bears Agree: Buy Gold (Video)

Peter Schiff participated in a debate at Cambridge House International’s Vancouver Resource and Investment Conference last month. Peter and John Mauldin steal the show 7 minutes in, squaring off about the reality of solving the US debt crisis and the future of the dollar. One thing the whole panel agreed on: buying gold is a safe bet, while betting on governments is a mistake.

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The Roach Motel of American Monetary Policy (Video)

Peter Schiff attended Cambridge House International’s Vancouver Resource and Investment Conference last month, and gave a speech entitled, “Why Canada Will Divorce the US and Marry China”. Peter shared his thoughts on Obama’s first and second terms, the relationship of the US to the rest of the global economy, and Japan’s currency devaluation.

“You’ll hear the Federal Reserve now all the time talk about their exit strategy: ‘We got an exit strategy, we’re going to be able to take the punch bowl away, we’re going to raise interest rates when we have to.’ See, that’s all a bluff. The Fed has no exit strategy. It’s impossible.”

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The Moral Hazard of Government Stimulus (Video)

Yesterday, Peter Schiff appeared on CNBC to comment on the effect of the Italian elections on the market, and the greater economic crisis of Europe.

“I think the markets were due for a sell-off anyway, and this is an excuse…I think markets had rallied on the…false belief that the crisis was behind us…Gold is the only thing that is making sense today…It’s up about 13, 14 dollars, but it should be a up a lot more. I think the gold sell-off was way overdone, and if you’re looking for a trade, buying gold is it.”

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Today’s Key Gold Headlines – 2/26/13

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The Winner Is Gold (Video)

On Friday, Peter Schiff spoke with Greg Hunter of USAWatchdog about Germany’s gold repatriation, the need for a bigger sequester, the S&P lawsuit, and the recent pullback in gold.

“We’re having a currency war and the winner is gold, because gold isn’t participating in that war. Everyone else is trying to kill themselves, but you can preserve your purchasing power by owning gold. More people are going to figure this out. We’re going to shake out these weak hands, and then I think we’re in for the mother of all gold rallies.”

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Be Prepared: Get Out of the Dollar

Last week, Peter Schiff spoke with Tekoa Da Silva of Bull Market Thinking about the future of gold and the real crash that is just around the corner.

 “I don’t know where the bottom is [in gold], but I think once we hit it, we are headed dramatically higher, to levels very few people can even consider. I think the only reason that it appears the global economy is recovering, or the US in particular, is because of all the inflation that is being created to artificially prop it up. And it’s that inflation that is going to send gold substantially higher.”

Listen to the Full Audio Interview Here

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Today’s Key Gold Headlines – 2/25/13

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