Monthly Archives: September 2013

Peter Schiff appeared on the Business News Network last week to talk about the latest jobs numbers. He spoke about the horrible consequences of quantitative easing and the false recovery that is building to another crisis. Whether the Fed tapers or not, QE is not going to stop until the dollar collapses. Peter tells us what he thinks investors should buy to avoid disaster.

“You don’t want to own paper, you don’t want to own things that governments can print… I’ve been stepping into gold for over ten years… I think we’ve been having a sale on gold, it’s been going on for a few months. I definitely think that if people aren’t in that market, if you don’t own any gold or silver, what are you waiting for? Buy some of it now… What’s going to stop the party is a collapse of the dollar…” 

Watch the Full Interview Here

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In an exclusive interview with IndexUniverse.com, Peter Schiff talked about the inevitable crisis that will result from the Fed’s quantitative easing and the eventual collapse of the dollar. Peter explained how important physical gold is as a safe haven asset in times of uncertainty, and why he doesn’t expect the Fed to taper the stimulus anytime soon.

IndexUniverse.com: Do you view the debt ceiling as a potential new crisis, and how do you see it playing out?

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. (more…)