Category Archives: Videos

Bear vs Bull: Can the US Survive without Cheap Money? (Video)

Peter Schiff appeared on Fox Business yesterday to debate James Cordier about the state of the United States economy. While their conversation was friendly, Peter posed some tough questions that never got answered.

“Every time [the Fed] launched QE, they always followed it up with another one. They’ve never claimed that they were going to do it. Everyone thought, ‘Well, they’re going to do QE and then the economy will recover and they’ll be able to raise rates.’ They’ve never followed QE with a rate hike. They’ve always followed it with a bigger dose, because it doesn’t work…”

Then Peter asked:

“If you’re so bearish on the global economy, and you believe the Fed is going to tighten and ultimately shrink its balance sheet, which is something the Fed has never done really in its history. The balance sheet always expands. So we’re about to have a tight monetary policy and we’re going to have a weak global economy – how is the US economy, in isolation, going to withstand this?”

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Every Janet Yellen Press Conference Ever in Under 4 Minutes (Video)

Let’s be honest. No one has the time or patience to actually watch Janet Yellen’s press conferences about the Federal Open Market Committee’s meetings. Besides, the news never seems to change – the US economy is never quite good enough for the Committee to recommend that interest rates actually be raised back to “normal” levels. Even if Yellen did have something interesting to say, her delivery is about as captivating as a pet rock. At most, you might be able to sit through, say… four minutes. Thank goodness Grabien has created a video mash-up of every Janet Yellen press conference ever to fit exactly that time frame. So next time Yellen has something to say about the FOMC, skip it. You can watch this instead. Just make sure you have a pillow handy.

If you’re seriously wondering when the Fed will actually raise interest rates, read Peter Schiff’s latest commentary explaining what the Fed’s “new normal” is. Find it here.

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The Fed Is Destroying the Economy and Nobody Cares (Video)

Peter Schiff was interviewed by Paul Vigna on Wall Street Journal Video yesterday. Peter explained to Vigna the terrible effects that the Federal Reserve’s zero interest-rate policy is having on the United States economy. They spoke about how tepid the American job market is right now, and why Peter thinks a new round of quantitative easing is right around the corner. If you’d like to read Peter’s latest written commentary about why central banks are wrong to think that inflation is the cure for our economic woes, you can find it here.

“The next thing the Fed is going to do is launch an even bigger round of QE than the one they’re tapering off from. Because the US economy is not recovering. We are slipping back into recession. If the Fed doesn’t know that yet, it will by the end of the year… Tightening is all talk… [The Fed will eventually start] a new round of QE that will make the Europeans and Japanese blush.”

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Gold Videocast: Peter Schiff Answers Your FAQs (Video)

Peter answers some of the more challenging questions he has received from you, his loyal clients and subscribers. Learn what he really thinks about gold manipulation, why Wall Street hates gold, who should buy silver instead of gold, and more!

0:05 – Question: “According to the financial media, the world has ‘fallen out of love with gold.’ Is this really true?”

0:40 – The world cannot fall out of love with something it never loved in the first place – but it will fall out of love with fiat currencies.

2:03 – The time to buy gold is when everyone hates it. That’s why it’s so cheap.

2:30 – Question: “In your last Gold Videocast, Jim Rickards said that gold price manipulation is true. Why do you keep ignoring this issue”?

2:40 – Even if gold is being manipulated, I still want to own it.

3:10 – If manipulation is true, it allows my clients to buy more at artificially low prices.

3:38 – Manipulation cannot go on forever. Before long, free-market forces overwhelm artificial price controls.

4:17 – Question: “You keep warning about hyperinflation and a collapse of the US dollar, but it hasn’t happened! Has our modern banking system solved this problem?”

4:43 – You have to warn about things in advance to give people time to prepare, which is exactly what I did with the housing bubble.

6:03 – A recent article mentioned widespread Shrinkflation. If a company charges the same price for less of a product, that’s still inflation!

6:55 – Inflation will become hyperinflation if the government doesn’t take drastic measures.

7:15 – Question: “You always recommend gold as the best way to protect one’s wealth, but I can’t afford it. Is silver a good alternative?”

7:28 – Silver coins are better for small barter transactions.

7:57 – There is more potential for upside in silver. So if you can only afford a little right now, why not get started with the metal that may give you more bang for your buck?

8:10 – Eventually, you should hold both metals, but for some people it makes sense to get started with silver.

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Jim Grant: The Word for Inflation Is “Bull Market” (Video)

Jim Grant, publisher of Grant’s Interest Rate Observer, was interviewed by Steve Forbes. Grant gives a grim overview of the economy, saying that the Federal Reserve’s suppression of interest rates and the creation of “unimaginable amounts of digital money” since 2007 have caused major distortions. He argues that economic intervention leads to more economic intervention until the “the patient is over-medicated.” This is the same argument that Peter Schiff has made for years.

“Inflation is too much money and credit. That’s the cause. The symptoms are variable. The word for inflation is: bull market…

Gold is a universal currency. People recognize it at sight. The derivation of the term ‘sound money’ is – [Clang! He drops a gold American Eagle coin on the table]. Isn’t that lovely?”

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Former Mob Boss: Avoid Wall Street, Buy Physical Gold (Video)

Michael Franzese, a former mob boss who went straight following a 10-year prison term, thinks stocks are in a bubble. He says he has worked with many of the people on Wall Street and doesn’t feel comfortable letting “shady” characters handle his money. In 1986, Franzese ranked No. 8 on Fortune Magazine’s list of the 50 wealthiest and most powerful mob bosses.

Franzese says he thinks he can do better with his money than Wall Street speculators. In fact, his number one piece of advice to investors is to not even bother with stocks. He strongly recommends physical gold bullion specifically, because “No matter what, it’s always going to have value. Unlike stocks, where…you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone.”

Investors don’t need to trust an ex-mob boss with their wealth in order to recognize the truth of his words. As someone who had first hand experience dealing with the casino on Wall Street, Franzese wants no part of it. He prefers to have his money in his own hands, not in the system that has proven over and over again it can’t be trusted.

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The Global Economy Is In a Depression (Video)

Jim Rickards, author of The Death of Money, was interviewed on RT. Jim checks off a daunting list of countries around the world experiencing economic difficulties and offers analysis of what is really going on.

What’s happening in Germany is happening all over the world. Germany’s economy contracted… Italy’s already contracted. France has two quarters in a row of zero GDP. The United States in the first half [of 2014]… did not even grow 1%… China is slowing down, and of course, Japan fell off a cliff. If you look around the world, it looks like we’re going into a global recession, except I would say this is a continuation of a global depression that began in 2007… This is not a normal recovery, not a normal business cycle…

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Gold Videocast: Jim Rickards & Peter Schiff on Gold & Currency Wars (Video)

In his latest Gold Videocast, Peter Schiff meets with Jim Rickards, author of The Death of Money, for an exclusive interview about gold’s role in the international currency wars.

Jim Rickards is Chief Global Strategist at the West Shore Funds, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. In The Death of Money, Rickards shows why another monetary system collapse is rapidly approaching – and why this time, nothing less than the institution of money itself is at risk. Fortunately, it’s not too late to prepare for the coming death of money. Rickards explains the power of converting unreliable money into real wealth, such as gold and other long-term stores of value.

0:28 – A review of the most recent developments in the international currency war and why the US is unfortunately going to “win.”

1:43 – Countries with the biggest dollar reserves are building up gold reserves in preparation for a currency crisis.

2:15 – China’s officially reported gold holdings are probably false. Rickards leads Peter through his reasoning that China’s gold holdings are likely 4-5 times greater than official reports!

4:00 – If China told the truth about how much gold they really have, the dollar would collapse and gold would skyrocket. They don’t want this to happen before they’ve bought as much gold as they feel they need.

5:11 – Why has Germany seemingly changed its mind about repatriating its gold?

6:49 – Basically, the Fed has “leased” the same gold over and over again.

7:12 – Rickards explains why gold dropped in 2013 and why it was a one-time event.

8:10 – At some point, US Treasuries can no longer be the safe haven for investors.

8:30 – Rickards addresses the problems surrounding the London Gold Fix and how the gold market is moving to the East. Shanghai is rewriting the rules of the gold market.

10:01 – Rickards explains how the next liquidity crisis will play out, with the collapse of central banks, as well as sovereign nations.

11:17 – When you have a currency crisis, it’s the paper wealth that evaporates. Rickards explains how Warren Buffet is preparing for exactly this endgame – by dumping paper money and buying hard assets.

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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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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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