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Category Archives: Videos
US Debt Crisis Will Be Worse than Europe’s (Video)
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.”
Posted in Interviews, Peter's Commentaries, Videos
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Government Bears Agree: Buy Gold (Video)
Peter Schiff participated in a debate at Cambridge House International’s Vancouver Resource and Investment Conference last month. Peter and John Mauldin steal the show 7 minutes in, squaring off about the reality of solving the US debt crisis and the future of the dollar. One thing the whole panel agreed on: buying gold is a safe bet, while betting on governments is a mistake.
The Roach Motel of American Monetary Policy (Video)
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.”
Posted in Peter's Commentaries, Videos
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The Moral Hazard of Government Stimulus (Video)
Yesterday, Peter Schiff appeared on CNBC to comment on the effect of the Italian elections on the market, and the greater economic crisis of Europe.
“I think the markets were due for a sell-off anyway, and this is an excuse…I think markets had rallied on the…false belief that the crisis was behind us…Gold is the only thing that is making sense today…It’s up about 13, 14 dollars, but it should be a up a lot more. I think the gold sell-off was way overdone, and if you’re looking for a trade, buying gold is it.”
Posted in Interviews, Videos
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The Winner Is Gold (Video)
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.”
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Don’t Buy the Hype: QE Is Here to Stay (Video)
Last week, Peter Schiff appeared on CNBC’s Futures Now to talk about gold’s short and long-term outlooks. In this extended interview, Peter debates Tom Kendall, head of precious metals research with Credit Suisse, about whether or not the Fed is going to continue printing money and if gold’s rally is really over.
“I think the fundamental case for gold is as strong as it has ever been…and in spite of this recent pullback, the technical case is good…It doesn’t matter what the Fed says, it only matters what the Fed does and they’re going to continue doing what they’ve been doing, which is printing money.”
Posted in Interviews, Videos
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The Gold Bull Is Far from Dead (Video)
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.”
Posted in Peter's Commentaries, Videos
35 Comments
The Dollar is Mortally Wounded (Video)
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.”
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Minimum Wage Only Hurts the Poor (Video)
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.”
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Sequester: A Matter of National Security (Video)
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.