Category Archives: Interviews

The Consensus Is In – Market Ready to Crash (Video)

Peter Schiff appeared on Fox Business “Morning Bell” yesterday and discussed that when the stock bubble bursts, the Fed will likely try to save the bubble instead of the dollar.

“The bottom is either going to drop out of the market or the dollar – and I’m betting actually that it’s the latter. But the problem is if the Federal Reserve is prepared to sacrifice the dollar in order to save the market, real returns on US assets are going to suffer dramatically as a result.”

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Evolving Beyond the US Dollar Hegemony (Video)

Major news hit this week that the BRICS have launched their own development bank to challenge the currently Western-dominated banking system. Read about it here. Who could better explain the rationale behind this new bank than the author of the book Currency Wars, Jim Rickards? Rickards appeared on CNBC this week to share his thoughts. His message? The world is ready to leave the dollar behind and kick the irresponsible United States out of the economic driver’s seat.

“Every single member of the BRICS, multiple times has voiced dissatisfaction with the dollar, the dollar hegemony, the dollar-based system, and the IMF, which is really dominated by the US. So it’s not that there’s a revolution that happens overnight, but it’s more of an evolution away from the dollar.”

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Gold Is the Only Undervalued Asset in a World of Bubbles (Video)

In this long segment on CNBC’s Futures Now, Peter Schiff, Marc Faber, and Dennis Gartman discuss the massive bubbles forming in almost every asset class. Faber called for a potential bear market correction of 30% in US stocks. All three agreed that gold is the best option for retail investors to protect themselves from the Federal Reserve’s inflationary monetary policy.

“The only place there’s not a bubble is in gold, and that’s the only place that most people on Wall Street think they see one. They’re oblivious to the actual bubbles, but they’re overlooking the value in gold…”

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US Dollar Doesn’t Deserve to Be Reserve Currency (Video)

Russia Today spoke with Peter Schiff about the United States’ international spy activity and what effect it will have on the strength of the US dollar.

“[Europe is not economically dependent on the US.] I think it is the other way around – the US is very dependent on the rest of the world. It is just incumbent on the rest of the world to figure that out. But the US dollar is still functioning as a reserve currency, so the dollar is a part of larger transactions but there is no reason for the dollar to be at the center of these transactions because the dollar shouldn’t be a reserve currency. Maybe at one time when we were the world’s largest exporter, as far as biggest trade surpluses, we had high savings rates, and the dollar was backed by gold. [At] one time maybe the dollar deserved to be a reserve currency, but certainly those conditions have changed dramatically.”

Watch the Full Interview Here

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The Perfect Storm for Gold (Audio)

Chris Waltzek interviewed Peter Schiff on GoldSeek Radio last week. They began by discussing how the European Central Bank’s interest rate cut will influence the price of gold. They moved on to address the rising cost of living, Asian gold consumption, technical indicators of gold’s bottom, gold repatriation, buying precious metals with bitcoin, and much more.

“I think going into the second half of the year, people are going to be surprised by how weak the economy is… Yellen’s going to come back screaming for more QE. The gold market has to take off sometime between now and then… I think the problem that the traders are going to have is buying back the gold they sold… A lot of the gold that was dumped into the marketplace since the middle of last year is now very deep in some Chinese vault… It’s not coming back to the market. The people who bought gold at $1,300 or $1,400 – they ain’t selling it. They bought it to keep it, not to trade it.”

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Lou Dobbs & Peter Schiff: US Monetary Policy Is Destroying the Dollar (Video)

Lou Dobbs spoke with Peter Schiff about the latest jobs numbers on Fox Business last week. Dobbs agreed with Peter that the United States government needs to stop printing money and get out of the way for the American economy to truly repair itself.

“I think the economy continues to deteriorate beneath the surface. We have this superficial rise in the stock market. But I think this whole thing is headed to a dollar crisis. We’re going to print so much money to try to keep this phony economy going. We’re going to destroy the dollar, and we’re going to have a real crisis. But only after that real crisis do we have any hope of correcting the real problems.”

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Steve Forbes: Return to Gold Standard for Economic Stability (Video)

Forbes Media Chairman and Editor-in-Chief Steve Forbes spoke with Reuters about his new book Money, which makes the case for reinstating the gold standard.

“If you don’t get money right, then the rest of the economy is going to have subpar growth. Since we went off the gold standard in 1971, the average growth rate in this country is about 1% less than between the end of WWII until the early 1970s. If we’d had those normal growth rates, this economy in the US would be 50% larger than it is now… When we don’t have stability in money, then you get less productive investment… and a lower standard of living.”

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Phony Economy Needs to Collapse (Video)

Peter Schiff spoke with Hedgeye TV CEO Keith McCullough this week on “Real Conversations”. Peter discussed his debate with Nouriel Roubini from last week, explaining why Keynesian economists like Roubini are dead wrong when they argue that deflation is bad for the economy. Peter also explained his precious metals strategy based upon what he expects the government to do, not what he hopes it will do. This is an excellent, relaxed introduction to Peter’s investment philosophy.

“If the government acted responsibly, that would counter my [gold] investing thesis. But I’m investing the way I’m investing because I’m sure the government is not going to be responsible. They’re going to be reckless, they’re going to keep on printing money until we have a currency crisis. And so I’m prepared for what I think is going to happen…”

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Be Prepared for Sudden Gold Shortages (Video)

Greg Hunter of USAWatchdog interviewed Jim Rickards, author of Currency Wars and The Death of Money. Rickards spoke at length about gold price manipulation and the inevitable collapse of the US dollar as the world’s reserve currency. Hunter had one big question for Rickards – when will the collapse occur and the price of gold skyrocket? Rickards thinks it could happen within the next two years and that whatever triggers it will be completely unexpected. One thing Rickards is sure about: gold will be hard to acquire by the time people realize the dollar is worthless.

“You got shortage of physical supply, demand coming from China, demand coming from India, etc. This is a recipe for… either a short squeeze, or somebody somewhere not being able to deliver [gold]. Once that becomes apparent, then you could see this scramble to buy gold… That’s what will take down manipulation… Once the market prevails over the manipulators, then watch out.”

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Brace for Impact (Audio)

Peter Schiff spoke with the SGT Report this week, discussing the inevitable decline of the US dollar due to the Federal Reserve’s unrepentant inflationary policies. Peter says that the Fed has locked itself into a box, and no matter how it chooses to escape, it’s already killed the dollar. They also discussed the end of the London Silver Fix and the logic behind keeping your savings in commodities like physical gold and silver.

“[If central bankers are now striving to create inflation] why would anyone want to hold on to dollars, or euros, or yen? The bankers are telling you that it’s a no-win proposition for you, that if you hold this currency… it will be worth less than the year before… [That’s what they’re admitting their goal is] – We do not want our money to hold its value. We want to make sure that money loses value, because we believe that the only way you can have economic growth is if you destroy the value of your money.”

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