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Yesterday, CNBC’s Street Signs spoke with Peter Schiff about the fiscal cliff and what is needed to avoid the real economic armageddon:

“Look: big government is very expensive. The fiscal cliff is part of the problem. We can’t keep borrowing and the Fed can’t keep printing money. If we want government, we have to pay for it. That means we have to have higher taxes. I would rather see a much bigger fiscal cliff in the way of government spending cuts. That’s what we really need. But if we’re not going to do that, if we’re not going to cut spending, then the middle class has to brace for the bad news. They have to pay for all this government and the best way to do it is with taxes.”

Peter Schiff appeared on Russia Today’s Keiser Report this last weekend to talk about the bond bubble, hyperinflation, and the government’s manipulation of the central banks.

“Prices have to adjust, but the government won’t let it happen, and so they create inflation to fight off the deflationary forces that naturally develop in the economy. But the problem for people who are looking at deflation, they go back and look at periods of time when we had honest money, when we were on the gold standard. And they see what happened, and they don’t understand the difference between real money that you can’t create out of thin air and fiat currency that you can create at zero cost in infinite amounts…If you’re going to measure prices against the dollar, prices are going to rise – they could rise dramatically. But if you measure them in terms of gold, they’re going to fall.”

Peter’s appearance begins at 16:15:

Peter continued his interview on CNBC yesterday, talking about silver alongside Pan American Silver CEO Geoffrey Burns, who predicts $50 silver at some point in 2013. Both Peter and Burns emphasized the long-term strength of precious metals in spite of short-term losses:

“You’ve got a perfect storm coming in the future, because miners aren’t going to be able to produce enough of this stuff, because it costs so much money to get it out of the ground. Yet the supply of paper money is going to go through the roof, just at the time that the supply of gold and silver is shrinking. And all of a sudden, you’re going to have the whole world waking up to this inflationary nightmare…”

Peter Schiff spoke yesterday on CNBC’s Futures Now to hammer home the point that gold is a long-term investment that offers protection from volatile fiat currencies:

“Well, you have this record physical demand. Not only in America, but around the world. I mean, think about it: what are you going to do if you want to save your money? …You’re going to hold dollars at zero percent with Ben Bernanke promising to print to infinity? You’re going to hold euros, you’re going to hold yen, the Chinese RMB? There’s no currency you can hold and be confident of its future purchasing power…People are figuring this out, they’re voting with their feet. They’re holding something with intrinsic value that has historically been money, that people like Ben Bernanke can’t print.”

Peter Schiff spoke with Rick Santelli on CNBC earlier today about the Fed’s monetary policy. Of course, the Fed has no intention of actually hitting the unemployment and inflation goal posts it has established, and ultimately the dollar is going to suffer:

“The dollar is actually going down against the euro. Pull up a chart, look at the dollar index. Look at the British pound: it’s almost at a fifty-two week high today. We’re going down against the pound…Look at the price of gold. Look at oil prices. Look at food prices. Ben Bernanke said he doesn’t care how high oil prices go, how high food prices go. He’s going to look beyond that to the value of falling prices that reside somewhere in his fantasy land.”

Peter Schiff made an appearance in the documentary Default America produced by KSLA in Shreveport, Louisiana. The collection of short videos examines America’s disastrous monetary policy, and the future of American prosperity. Peter is one of many notable guests, including Ron Paul, Gary Johnson, and various economics experts.