Category Archives: Videos

Peter Schiff appeared on CTV yesterday morning to talk about phony government economic data.

“[Government economic statistics is not] really information, it’s more like propaganda. Individuals and investors need to look through that government smoke screen, open up their eyes and see what’s actually happening… If you look at the contracting labor force, the declining use of energy, the explosion of poverty in America and income inequality, record numbers of people on food stamps and disability, all the part-time jobs that are now replacing the full time jobs… All of this is consistent with a shrinking economy, but the government won’t admit it.”

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Last night, Peter Schiff appeared on the Business News Network to give his take on the latest GDP numbers and physical gold investing.

“The only reason the government was able to get a [GDP] number as large as 1.7 is because they assumed inflation was 0.7% on an annualized basis… I don’t believe that for one minute. I believe inflation is much higher than that and if the government used an accurate GDP deflator, we would already see that the US economy is currently in a recession… [The Fed] knows it’s going to increase QE, but it can’t come out and say that… Because it doesn’t want the world to know just how weak the US economy is and how dependent it is on ever increasing doses of monetary heroin.”

Watch the Full Video Here

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Last night, Peter Schiff appeared on CNBC’s The Kudlow Report to debate the reality of US inflation.

“When the Fed monetized three trillion dollars worth of mortgages and Treasuries, by definition that is inflation. Quantitative easing is just a euphemism for inflation. We’re talking about the effect of inflation when we talk about rising prices. We already have rising real estate prices, we have rising stock prices. Inflation has caused that. But I believe consumer prices are also rising much faster than government admits.”

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In his latest interview with Greg Hunter of USAWatchdog, Peter Schiff explains the turnaround in gold prices and what investors should be prepared for in the future.

“[Gold] is really setting up for a huge reversal, because once the technicals turn around and the momentum goes back to the upside…the gold [that speculators] sold on the way down isn’t going to be available on the way up… The people who own it aren’t going to sell it at any price, because they didn’t buy it to trade out of it. They bought it to own it, to keep it. So this is going to be a big problem for the shorts, and even people who want to re-establish longs, because I think most of the people who want to get back into the market are going to get back in a lot higher than people got out.”

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Peter Schiff had a friendly conversation with Rick Santelli this morning on CNBC’s Squawk on the Street. They discussed how the Fed’s quantitative easing has become uncontrollable and why this will make the next crisis even worse than the last.

“I think eventually you’re going to see a real attack on the dollar and the US Treasury market and the Fed’s ability to maintain artificially low interest rates without destroying the dollar… Eventually the Fed is going to lose control of this. And I think the biggest danger is when you start to see the bond market and dollar selling off simultaneously. You throw in a rally in gold and that’s basically the triple threat – you’ve got all the warning bells that the end is near.”

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog