Category Archives: Interviews

Peter Schiff continued his appearance on CNBC Asia on Tuesday to talk about how the Dow hitting 14,000 isn’t that great if you measure stocks in terms of real assets, like gold.

“Quantitative easing is inflation. It’s a euphemism to describe the process of creating money out of thin air…And when people focus on that and they see the risks in the US dollar and other currencies, they’re not going to want to own paper. They’re going to want to own something real. They’re going to want to own gold and silver.”

Yesterday, Peter Schiff appeared on CNBC Asia to comment on the government’s prosecution of S&P. He went on to advise that investors stay away from US Treasuries, and instead look at:

“Gold, silver, hard assets, commodities, agriculture. Look at stocks in emerging markets. Good companies, good balance sheets, good earnings that are servicing countries where the income is going to be gaining, where currencies are going to be appreciating in value. Stay away from these overly indebted nations like the US that are going to pay its creditors back with printing press money.”

Peter Schiff appeared on CCTV yesterday to talk about the rally in Chinese markets and why investing in China is less politically risky than putting your money in US businesses.

“I think the political risk is overblown. I think there’s a lot of political risk here in the United States. I think that there’s a big risk that the US government is going to start raising taxes and confiscating profits through taxation. I think you have less political risk over there, although the market doesn’t perceive that…”

On Friday, Peter Schiff appeared on CNBC’s Closing Bell to talk about the fundamentals underlying the recent rally in the stock market. Of course, if you measure the Dow in terms of real money (gold), it has dropped in value since 2007.

“Money is losing value. That’s what’s happening. And people who recognize that are getting rid of their dollars and they’re buying other things…Look at precious metals. I think you’ve got a lull before the storm here in gold. A lot of the Wall Street traders are writing gold off. They’re saying the rally is over, because there’s nothing to worry about, the crisis is over. That’s not why gold was going up. Gold was never rising because of a crisis. It was rising because of money printing, inflation, cheap money.”

Yesterday, Peter Schiff appeared on Russia Today to speak about the poor fourth-quarter GDP numbers and what it means for Obama’s second term.

“I think the Obama recession is going to be much worse than the Obama recovery…I think the US is in worse economic shape. We dug ourselves into a bigger hole since 2008. The next crisis is going to be one where the dollar tanks and bond prices fall. And that’s going to be a much bigger collapse. I think the bursting of the dollar bubble and the bond bubble has much more dire consequences for the US economy than the bursting of the real estate bubble.”

Peter Schiff appeared on Fox Business today to talk about the stock market’s poor performance last quarter and the real trouble that lies ahead for the US economy and dollar-denominated assets:

“The temporary euphoria of the stimulus is wearing off. The hangover is setting in. As bad as things were during the Obama recovery, wait until you see how bad it’s going to get during the Obama recession. And I think the Fed, of course, is getting ready to up the dosage of the stimulus. A lot of people were thinking the Fed was going to take away the money or stop the stimulus. They’re not going to do it. They’re going to have to up the dosage, because 85 billion dollars worth of money printing isn’t enough. That’s how addicted we are to this cheap money.”