Monthly Archives: August 2014

The Fed Is Damned If It Does, Damned If It Doesn’t (Video)

Peter Schiff interviews Chris Rossini, contributor to the Ron Paul Institute for Peace and Prosperity, about his book Set Money Free. They talk about the Federal Reserve’s role in centrally planning the economy and how it funds the biggest welfare-warfare state in history. Peter says that price inflation is much higher than the official estimates. However, the Fed has put itself into a position where it will be impossible to do anything about it, even when it becomes undeniable to those in power.

“The only way they can save [the dollar] is to bankrupt the federal government. But somehow I have a hard time believing that the treasury defaulting on its debts is going to be a bullish situation for the world’s reserve currency. So, I think they’re damned if they do, damned if they don’t.”

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Today’s Key Gold Headlines – 8/6/14

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Central Banks Will Drive Gold to New Highs (Video)

Peter Schiff was interviewed by Chris Waltzek on GoldSeek Radio. They discussed the fact that gold is up 8% on the year and has done better than the stock market, and yet the so-called experts continue to say that it has had a “tough year.” Peter explained that the conditions needed for gold to break former highs over the coming years are exactly the artificially low interest rates and inflationary policies of the Federal Reserve and other worldwide central banks. Peter also spoke about how Janet Yellen is betting her positive economic forecast on the wealth effect associated with a rising real estate market, but he believes that the housing rally is over.

“Everybody was expecting the stock market to be up this year. In fact, it’s up less than all the experts thought it would be, whereas those same experts expected gold to be way down on the year. Instead, it’s doing better than the stock market. And they don’t even acknowledge how wrong they were. They still pretend that they were right.”

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Today’s Key Gold Headlines – 8/5/14

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The US Dollar’s Endgame (Video)

In his latest video blog post, Peter Schiff picks apart the last week’s US economic data, from the GDP to jobs numbers to the housing market to the performance of the Dow Jones. After explaining the endgame for the US dollar given our current economy, he lays out why the gold market is more resilient than the financial media is reporting.

“Janet Yellen is not going to wage war against inflation. She’s already surrendered to inflation… She is going to allow inflation to not only continue, but accelerate. And that is what’s good for gold. Interestingly, while the gold market sold-off on the bad economic data on Thursday, it recouped all of those gains on Friday. Not so for the stock market. The stock market went down a lot and then went down even more.”

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Today’s Key Gold Headlines – 8/4/14

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Gold Continuing to Outperform Stock Market (Video)

Peter Schiff appeared on CNBC’s Futures Now this week to share his expectations for the price of gold following the Federal Reserve’s policy statement. Peter also predicted the higher Q2 GDP number and explained why he thinks the US dollar isn’t nearly as healthy as everyone thinks. Finally, Peter emphasized that gold has had bad press in 2014, even though it has out-performed the stock market with an 8% rise in the first six months of the year.

“Gold has gone up every year but one since the year 2000. So if you’ve been calling for a rise in the price of the gold, you’ve been right every year except one. That’s not a broken record, that’s just understanding what’s going on and predicting a higher gold price. It’s the people that have been calling for gold’s demise every single year who don’t understand the fundamentals… No market goes up every single year… I know what’s driving the trend and that’s the central banks, particularly the Federal Reserve.”

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Today’s Key Gold Headlines – 8/1/14

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