Category Archives: Interviews

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.”

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.”

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.”

Peter Schiff appeared on Yahoo! Finance yesterday to explain how an international currency war harms average citizens by allowing government to inflate away its debt. Unfortunately, this is one war the US is aiming win.

“What’s unique about a currency war, is that unlike a conventional war, the object in a currency war is to kill yourself. The country that wins is the country that inflicts the most damage on its own citizens, because when you debase your currency…you diminish the standard of living of your people. Because now their savings have less value, their wages have less value. Everything they need to buy is more expensive.

The real winner in a currency war is gold, because central banks can’t print that. They can’t debase gold. So as everybody is trying to destroy the value of their currency, the value of real money will continue to go up.”

Watch the Full Video Interview Here

Peter Schiff appeared on Yahoo! Finance last week to talk about Obama’s plan to raise the minimum wage, and how disastrous that would be for the economy:

“The president is talking about all the extra purchasing power that minimum wage workers are going to have. Well, where is that all coming from? Somebody has to pay those higher salaries. Either the employer takes less in profits or the customers pay higher prices. Either way, that damages the economy…The irony of raising the minimum wage is that the people it hurts the most are the very people Obama claims to be championing: the poor, the unskilled, the middle class.”

Watch the Video Interview Here

Peter Schiff appeared on Fox Business this morning to talk about gold, and its bright future when the world wakes up to the real state of the economy.

“I think [gold] is preparing for another big move up. A lot of people just don’t understand the situation. People think that the problems have been solved…that the global economy is out of the woods, that the worst is over for the US…They think there is no reason to own gold…I don’t know exactly when, but I would be shocked if we went for another two or three years and we did not have an explosive move up in the price of gold.”

Yesterday, Peter Schiff appeared on Russia Today to share his thoughts on Jack Lew, Obama’s nominee for Treasury Secretary.

“He’s not there to actually give the president solid advice on the finances of the country. He’s there to rubber-stamp the president’s agenda and make sure there’s enough buyers for our debt, so we can finance this massive expansion of government…”