Category Archives: Peter’s Commentaries

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.”

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.

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.”

In a new, exclusive video on the gold market, Peter Schiff responds to skeptics who claim gold’s bull run is over. Many believe the economy is improving and therefore that gold’s rise has ended. However, Peter explains why the longterm fundamentals for gold have never been better, and how investors still have time to take advantage of gold’s temporary decline.

“People who are saying there is no reason to buy gold now, never understood the reason people were buying it in the first place. People weren’t buying gold because they were worried about a crisis in the Eurozone or weak US stocks. People were buying gold because central banks were printing too much money. It’s inflation that drives the gold train, not political uncertainty.”