Friday, November 17, 2017

Peter Schiff: Gold Will Explode Higher and Wipe Out the Dollar

How long can the U.S. economy be propped up with ever expanding debt? Money manager Peter Schiff says, “How high can the debt go? I don’t know and you don’t know. How many straws can you put on a camel’s back? You don’t know until you put that final straw that’s one too many and you break his back. So, can we go to $25 trillion in debt? Maybe. At some point, we are going to break the back of the camel with all this debt. Then we are going to find out how much debt we can pile on, and it’s not going to be pretty. Everybody is going to lose. Everybody is going to get wiped out who has been partying in the stock market, the bond market and the real estate market. The dollar is going to tank, and purchasing power is going to get wiped out.” 

Inversely, Schiff says it is the same with the suppressed gold and silver markets. Schiff contends, “They can’t keep doing it, and it will end. It’s just like how much debt can we take on. It’s not an unlimited amount. We will know when we get there. How long can they keep the price of gold suppressed? We will know when we get there. At some point, the price is going to explode because there is real physical buying, and all that paper selling can’t camouflage that.

People don’t trust fiat currencies. More and more people are looking for alternatives, and the real alternative is gold. When they embrace it, it’s going to overwhelm central banks’ ability to suppress the price. In the meantime, enjoy the gift that they are giving.”

- Source, USA Watchdog

Thursday, November 9, 2017

Peter Schiff: Gold is Still Going to $5,000

Peter Schiff of Euro Pacific Capital defends his prediction that gold is going to $5,000.

- Source, CNBC

Sunday, November 5, 2017

The Pros and Cons of the Trump Tax Plan

The Trump tax plan is surrounded in mystery and many are wondering what it actually consist of. What are the good, the bad and the ugly? Peter Schiff discusses this and much more.

- Video Source

Thursday, November 2, 2017

Government Costs More When Paid for with Borrowed Money

Peter Schiff breaks down the risk of big government and how it can quickly grow out of control. Government will eventually bring an economy to its knees, especially if it runs a deficit, as most in the West are doing so now. The more you borrow, the faster you fall behind.

- Video Source

Monday, October 30, 2017

Peter Schiff Slams the Federal Reserve and U.S. Stocks, Calls Bitcoin a Bubble

Veteran market expert Peter Schiff, CEO of Euro Pacific Capital, isn't too fond of the Federal Reserve's easy money policies. 

Schiff thinks the Fed has been inflating asset prices and won't have the proper tools in place to "rescue investors" during the next stock market crash, like they did in the years following the 2000 and 2008 crashes. 

"They were successful in reflating yet another bubble but I think this bubble will be the similar fate as the prior two," he said in an interview with TheStreet. 

"The difference is, the third time is not going to be the charm - it's going to be three strikes you're out." According to Schiff, the market could still rise from here, but the eventual crash would be painful. 

"Let's say the Dow goes to 30,000, if it gets cut in half, that's 15,000 - that's still a low lower than it is right now," he said.

- Source, The Street

Friday, October 27, 2017

Peter Schiff: Bitcoin Is Not the Money of the Future

Bitcoin may be surging past $5000 for the first time ever, but that doesn't necessarily mean it will maintain its all time highs. Veteran market forecaster Peter Schiff expects bitcoin prices to crash.

"I believe it's not going to succeed in delivering the monetary utility that people [expect]," Schiff said. "I do not think it's going to be the money of the future. I think it's the bubble of the present."

Schiff, who is CEO of Euro Pacific Capital, said even with the risks of bitcoin, prices can still head higher.

"I think a lot of people unfortunately, have attributed properties to Bitcoin and other cryptocurrencies that do not exist," he said. "I think that people who are rightfully skeptical of the dollar, the euro, the yen are taking refuge in bitcoin or other cryptocurrencies and they've jumped from the frying pan into the fire."

- Source, The Street

Tuesday, October 24, 2017

Max Keiser vs. Peter Schiff - The Bitcoin vs. Gold Debate

Peter Schiff and Max Keiser debate Gold vs. Bitcoin at the Nexus Conference in Aspen, Colorado September 22nd 2017.

Which is better, Bitcoin or Gold and are they even comparable?

Sunday, October 15, 2017

Blowing the Roof Off the Debt, The Beginning of the End

Once again the Debt Ceiling looms on the horizon. The government is going to kick the can down the road, as it has done countless times before. But this time may be different. The government is contemplating erasing the Debt Ceiling altogether, which could spell the end of the Republic, as we know it.

- Video Source

Wednesday, October 11, 2017

Peter Schiff: Risk On Includes the US Dollar

The markets are incredibly dangerous at this time, the FED is out of bullets and the next collapse is going to destroy the US dollar in the process. The only protection going forward is precious metals. The Dollar is destined for failure.

- Video Source

Sunday, October 8, 2017

Joe Rogan reacts to Peter Schiff's Goldmoney 18K MasterCard

Watch Joe Rogan freak out when he learns that Goldmoney makes a 18K gold MasterCard! This is the effect that precious metals has on people, the first time they hold and touch it. There is no expensive like it.

- Source, Gold Money

Thursday, October 5, 2017

Government has no money saved for disaster relief

Euro Pacific Capital CEO Peter Schiff on Hurricane Irma’s impact on his houses in Puerto Rico.

- Source, Fox Business

Monday, October 2, 2017

Joe Rogan and Peter Schiff on Minimum Wage

Joe Rogan talks to Peter Schiff about the problems with minimum wage. 

Taken from Joe Rogan Experience 1002.

- Source, JRE Clips