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US Debt Crisis Will Be Worse than Europe’s (Video)

Peter Schiff was interviewed by the MoneyShow.com Video Network about the US debt crisis and what investors can do to avoid the real crash.

“I think moving moving away from real money to fiat money – that is the real root of the evil…The reason we were able to borrow so much money, the reason our economy was transformed from an investment, production, and savings economy to this gigantic debt bubble of consumption and big government, is because of paper money. And because the dollar became the world’s reserve currency, we were able to keep this scheme going for a lot longer than any other nation historically was able to do…Just like every bubble, it is going to burst.”

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Government Bears Agree: Buy Gold (Video)

Peter Schiff participated in a debate at Cambridge House International’s Vancouver Resource and Investment Conference last month. Peter and John Mauldin steal the show 7 minutes in, squaring off about the reality of solving the US debt crisis and the future of the dollar. One thing the whole panel agreed on: buying gold is a safe bet, while betting on governments is a mistake.

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The Roach Motel of American Monetary Policy (Video)

Peter Schiff attended Cambridge House International’s Vancouver Resource and Investment Conference last month, and gave a speech entitled, “Why Canada Will Divorce the US and Marry China”. Peter shared his thoughts on Obama’s first and second terms, the relationship of the US to the rest of the global economy, and Japan’s currency devaluation.

“You’ll hear the Federal Reserve now all the time talk about their exit strategy: ‘We got an exit strategy, we’re going to be able to take the punch bowl away, we’re going to raise interest rates when we have to.’ See, that’s all a bluff. The Fed has no exit strategy. It’s impossible.”

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The Moral Hazard of Government Stimulus (Video)

Yesterday, Peter Schiff appeared on CNBC to comment on the effect of the Italian elections on the market, and the greater economic crisis of Europe.

“I think the markets were due for a sell-off anyway, and this is an excuse…I think markets had rallied on the…false belief that the crisis was behind us…Gold is the only thing that is making sense today…It’s up about 13, 14 dollars, but it should be a up a lot more. I think the gold sell-off was way overdone, and if you’re looking for a trade, buying gold is it.”

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Today’s Key Gold Headlines – 2/26/13

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The Winner Is Gold (Video)

On Friday, Peter Schiff spoke with Greg Hunter of USAWatchdog about Germany’s gold repatriation, the need for a bigger sequester, the S&P lawsuit, and the recent pullback in gold.

“We’re having a currency war and the winner is gold, because gold isn’t participating in that war. Everyone else is trying to kill themselves, but you can preserve your purchasing power by owning gold. More people are going to figure this out. We’re going to shake out these weak hands, and then I think we’re in for the mother of all gold rallies.”

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Be Prepared: Get Out of the Dollar

Last week, Peter Schiff spoke with Tekoa Da Silva of Bull Market Thinking about the future of gold and the real crash that is just around the corner.

 “I don’t know where the bottom is [in gold], but I think once we hit it, we are headed dramatically higher, to levels very few people can even consider. I think the only reason that it appears the global economy is recovering, or the US in particular, is because of all the inflation that is being created to artificially prop it up. And it’s that inflation that is going to send gold substantially higher.”

Listen to the Full Audio Interview Here

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Today’s Key Gold Headlines – 2/25/13

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Don’t Buy the Hype: QE Is Here to Stay (Video)

Last week, Peter Schiff appeared on CNBC’s Futures Now to talk about gold’s short and long-term outlooks. In this extended interview, Peter debates Tom Kendall, head of precious metals research with Credit Suisse, about whether or not the Fed is going to continue printing money and if gold’s rally is really over.

“I think the fundamental case for gold is as strong as it has ever been…and in spite of this recent pullback, the technical case is good…It doesn’t matter what the Fed says, it only matters what the Fed does and they’re going to continue doing what they’ve been doing, which is printing money.”

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The Pound Gets Pounded

In his latest commentary, Peter Schiff examines the dramatic inflation of the pound sterling since 2008, caused by the loose monetary policy of the Bank of England. Ultimately, Americans should keep an eye on the UK’s deteriorating pound to get an idea of what will happen in the US when the government and the Fed can no longer artificially prop up the dollar.

“As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the U.S. dollar over the past few months. The implosion has given cover to the sad performance of another once mighty currency: the British pound sterling. But in many ways the travails of the pound is far more instructive to those pondering the fate of the U.S. currency.

Japan has a unique economic and demographic profile which makes it a poor stalking horse. Newly elected Prime Minister Shinzo Abe and the Bank of Japan have clearly and forcefully committed Japan to a policy of inflation at any cost. Even in a world of serial money printers their plans stand out as exceptional. Britain, on the other hand, is charting a more conventional course to the same destination.”

Read the Full Commentary Here

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