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Today’s Key Gold Headlines – 3/5/13

Posted on March 5, 2013 by admin

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Government Promotes Malinvestment (Video)

Posted on March 4, 2013 by admin

Peter Schiff appeared on Al Jazeera’s Inside Story last week to comment on the high bonuses offered by banks that received bailout money.

“If we remove the moral hazard, if the central banks make it clear that they’re not going to bail out anybody, and if they stop force-feeding cheap money into the economy, which makes it so attractive for financial institutions to speculate, all these problems will be solved on their own. Government doesn’t have to get involved. Government is the source of all these problems, it’s not going to solve them.”

Peter’s Appearance Begins at 6:19

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Today’s Key Gold Headlines – 3/4/13

Posted on March 4, 2013 by admin

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Bernanke Hints at Lack of “Exit” Strategy (Video)

Posted on March 3, 2013 by admin

In his latest video blog post, Peter Schiff comments on the sequester cuts that went into effect on Friday, and then expounds on Ben Bernanke’s unrealistic exit strategy from the Fed’s quantitative easing.

“The Federal Reserve thinks that somehow, if they can just get this economy going with all this artificial stimulus, that they can remove these training wheels, and the economy is just going to coast along on its own. Well, it’s impossible. The stimulus – it’s not the training wheels, it’s the only wheels. You take those wheels away and the economy collapses. Ben Bernanke thinks he’s building an economy that can sustain itself without the Fed. It’s the opposite: Ben Bernanke is creating an economy that is completely dependent on the Fed.”

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Real Crisis Not Far Off (Video)

Posted on March 2, 2013 by admin

Peter Schiff appeared on Fox Business yesterday, talking about the ineffectual sequester, the rising stock market, and the real crisis that will come in the bond market. Look out for the bottom before Obama is out of office.

“I’m more confident of this call than I was about the call I made regarding the housing bubble and the financial crisis. And I think this should be even more obvious. What’s amazing to me is the same people that missed the last crisis are oblivious to this one. They’ve learned nothing from their past mistakes. They just keep on repeating them.”

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The Fed’s Tightening Pipe Dream

Posted on March 1, 2013 by admin

In his March Gold Letter released today, Peter Schiff explains why he’s not buying into the rumors that the Fed is actually going to tighten its monetary policy any time soon. There’s also an insightful commentary by Jeff Clark of Casey Research urging you to take a cue from central banks around the world and buy gold.

“Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: “We could exit without ever selling by letting it run off.” What Bernanke means here is that the Fed could simply hold its Treasuries and agency bonds until they mature, at which point the government would then be forced to pay the Fed back the principal amount. Through this process, the Fed’s unprecedented and inflationary position will be gradually and placidly unwound.

Growing rumors last month of a potential “tightening” of monetary policy – seemingly confirmed by the Fed minutes released on Feb. 20th – have spooked the precious metals markets, leading to a 5.8% correction in gold and 10.2% in silver.”

Continue Reading Peter Schiff’s Gold Letter

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It’s Good to Be a Banker (Video)

Posted on March 1, 2013 by admin

Yesterday, Peter Schiff appeared on Russia Today to talk about the false recovery and how the bankers and government bureaucrats are living high at the expense of Main Street.

“It’s not like what’s good for the Wall Street banks is good for America. That’s not the case. Actually, what’s good for those banks in the short run is actually quite bad for America, because we’re diverting resources that are badly needed in other parts of the economy and we’re sending them to Wall Street. What we need is more factories in this country, not more banks. We need to produce more, we need to export more, we need to save more.”

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Today’s Key Gold Headlines – 3/1/13

Posted on March 1, 2013 by admin

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Sequester: A Matter of National Security (Video)

Posted on February 28, 2013 by admin

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

Posted on February 28, 2013 by admin

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