Sunday, August 2, 2020

Peter Schiff: Gold Keeps Knocking on 1800's Door

All indexes in the red today. Closed down college towns is more bad news for banks. 

Massive support built for gold’s bull market. Gold stock fundamentals continue to improve. Fascism is Socialism.

Wednesday, July 29, 2020

Peter Schiff: Jobs and Stocks Are Nothing to Brag About

Trump disingenuous about job creation. Jobs report should be taken with a grain of salt. The relapse has started. Gold is a coiled spring and the market is primed for a huge move up.

- Source, Peter Schiff

Tuesday, July 21, 2020

Peter Schiff: The V-Shaped Recovery Narrative is Falling Apart

I confused D.C with Puerto Rico when I discussed the number of Representative it would have if it became a state. It would only have one Representative. 

It's Puerto Rico that would have five. As I predicted, US stock market continued to be under pressure throughout the week. Financial stocks lead lower by Goldman Sachs. 

Companies that can’t make money need to go out of business. Betting odds overwhelmingly favor Democrats victory in White House and Senate. House of Representatives pass bill to make Washington D.C. the 51st state. 

When Republicans lose the Senate in November, they may never get it back. Elizabeth Warren has inside track on Secretary of Treasury in Biden cabinet. Euro Pacific funds made up for 5 years of under performance in 6 months.

- Source, the Peter Schiff Show

Monday, July 20, 2020

Peter Schiff: Confiscatory Taxation is Coming

Gold passes $1800 and reaches all time highs in every currency in the world except the US dollar.

China may cut US from trade. China propping up US dollar so US may not be able to buy from anyone soon. 

600 financial firms took forgivable PPP loans. 

Entrepreneurs created the middle class. 

Biden wants equal outcomes, not equal treatment. 

Estate Tax is unconstitutional . Big tax hikes are coming.

- Source, the Peter Schiff Show

Tuesday, July 7, 2020

Peter Schiff: Fed buying junk bonds to reward speculators

Powell testifies in front of the Senate. Fed beholden to Wall Street speculators. We are the future generation that has to pay for the Fed’s profligacy. 

We’re in the lull before the storm. Dollar crash looming. I touched the third rail and the mob has come to get me fired. The bar has been lowered, letting real racists off the hook.

Friday, July 3, 2020

Peter Schiff: During bad times, a good Fed Chair is not popular

Strong signs we’ve exhausted this bear market rally. Dollar and Bitcoin bottoms ready to drop from under them. Real estate sales masking underlying weakness in market.

- Source, Peter Schiff

Monday, June 29, 2020

Peter Schiff: Fade the Fed and How to Profit from the Coming Stagflation

We are in a period of great upheaval, strife and angst, in which fiat money printing is truly out of control.

In this presentation hosted by Cambridge House International, Peter Schiff touches on the coming chaos that is rapidly approaching and the chaos that is already at our front door.

The Federal Reserve is out of control and they have no true solutions to the problems at hand.

How do you profit and persevere in the coming madness? Watch, listen and learn.

- Video Source, Peter Schiff

Tuesday, June 23, 2020

FED Is Printing Dollars Out of Control, Which Will Lead To Its Collapse

Time is running out and now some people are starting to sound the alarm about the US dollar. This time, Peter Schiff repeated his thesis about the imminent collapse of the US dollar and FED monetary policy.

The US government's response to the crisis caused by the COVID-19 pandemic has only accelerated this process. Previously, Peter was alone in calling for the future collapse of the US dollar, but now everything seems to be changing. An article by the Yale economist Stephen Roach, which was published on Bloomberg, confirms Peter's earlier concerns.

Roach claims that the collapse of the US dollar is inevitable. Americans are waiting for the strongest change in living standards. Roach is afraid of the growing deficit of the US state budget. And the situation after the pandemic, this value is at a critical point. And even with this dynamic, they are ahead of Federal spending.

"The coming collapse in saving points to a sharp widening of the current-account deficit, likely taking it well beyond the prior record of -6.3% of GDP that it reached in late 2005."

- Stephen Roach, economist

  • According to the author, the fall of the dollar will have three big consequences.
  • The first is inflation. An oversupply of currency will lead to a sharp increase in unsecured prices for goods and services
  • Second, the trade deficit will impose additional tax obligations on customers.
  • Third, in trying to get rid of China, the main financing of the American debt is lost
Earlier, Peter called for abandoning the US dollar in favour of buying gold and stock.

- Source, The Tradable

Friday, June 19, 2020

Stage Now Set for USD Crash: Peter Schiff

The CEO of Euro Pacific Capital and renowned Bitcoin critic Peter Schiff has tweeted that the current circumstances are showing a deep USD crisis which threatens to bring on a USD crash soon.

He also comments on the numerous suggestions to defund the police in the US, while the Binance CEO mentions the negative 2020 events as being beneficial for Bitcoin growth and wider BTC adoption.
‘The stage is now set for a dollar crash’

Peter Schiff has taken to Twitter to share some more negative thoughts on the current economic situation and the civil unrest in the US.

In particular, he has once again shared his skeptical take on the future of the USD. Schiff has expressed the root of his doubts many times and is not the only expert who has these beliefs. They stem from the fact that the Fed has printed over six trillion USD in this recent crisis caused by the pandemic that originated in China and quickly spread to major European and Asian countries and led to a quarantine.

Speaking on the injection of newly printed USD into the economy, Schiff said that after the Fed happily satisfied the demands for USD, the result was “a glut of U.S. dollars that no one needs or wants.”

Schiff summarized that the situation could lead to a crash of the dollar.

While Peter Schiff is a Bitcoin critic and does not believe in BTC, the head of Binance, Changpeng Zhao, has, on the contrary, mentioned Bitcoin as a possible winner in the aftermath of the present 2020 issues.

Like many, including Peter Schiff in his earlier tweets, CZ expects hyperinflation to break out and big trouble for small retail businesses. But, it seems he reckons it will be good for the flagship cryptocurrency.

- Source,