Category Archives: Videos

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.”

EXCLUSIVE – The Oprah Winfrey Interview we should have seen: Ben Bernanke Confessing to Years of Performance-Enhancing Economic Doping. 

Last weekend, Peter Schiff spoke at the Vancouver Resource Investment Conference, hosted by Cambridge House International. Peter took the time to record an interview with Bridgette Anderson, talking about his most recent book, The Real Crash: America’s Coming Bankruptcy, and how to prepare for a sovereign debt crisis and currency collapse.

“I was afraid the government would respond to the financial crisis by doing more of the same policies that caused it, which is more deficit spending, more cheap money, more central banking and central planning. And as a result, I think the US economy is now poised for a much bigger collapse. I think what is coming is a sovereign debt crisis, and a currency crisis that will make the financial crisis of ’08 look like the proverbial Sunday school picnic. I think it that it’s going to be much worse than what Europe is going through.”