- Source, Goldmoney:
TRACKING THE CEO OF EURO PACIFIC CAPITAL AND GOLD VIGILANTE PETER SCHIFF, AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Friday, November 30, 2012
America's Coming Bankruptcy
Wednesday, November 28, 2012
Bernanke is a Bigger Threat than the Fiscal Cliff
"Ultimately because of what the Fed has done, we’re going to have to go over a much bigger cliff.
If we avoid the cliff, that is very bullish for the gold market because that means that trillion dollar-plus deficits will perpetuate, and these big deficits are what’s undermining the dollar because the Fed has to print money to finance them.
The more money they create to buy up the bonds that nobody wants, the higher the price of gold will go."
If we avoid the cliff, that is very bullish for the gold market because that means that trillion dollar-plus deficits will perpetuate, and these big deficits are what’s undermining the dollar because the Fed has to print money to finance them.
The more money they create to buy up the bonds that nobody wants, the higher the price of gold will go."
- Peter Schiff via a recent CNBC interview, read more here:
Saturday, November 24, 2012
Fiscal Cliff Deal to Boost Gold
"Your best fiscal cliff play could be gold, says Euro Pacitic Capital's Peter Schiff, who adds that falling off the "Cliff" would benefit America over the long term. With CNBC's Jackie DeAngelis and the Futures Now Traders."
- Source, CNBC Video:
Monday, November 19, 2012
The Real Crash - America's Coming Bankruptcy
Peter Schiff is interviewed by Cambridge House live. They discuss America and how the real crash is still yet to come. The real bankruptcy is coming. This video was shot on June 4th 2012.
- Source:
Saturday, November 17, 2012
You Decide. Is a College Degree Worth it?
Here is an example of some of the plumb jobs college grads were able to land during the Obama administration. Not just liberal arts majors mind you, but graduates with degrees in mathematics, robotics, neuroscience, engineering, accounting, business administration, economics, biology, communications, graphic design, marketing, and linguistics.
Of course when it comes to education, it's not just the Obama administration that deserves a failing grade. For years, politicians of both parties have pandered to students by promising more aid in the form of direct or subsidized student loans. As a result, colleges and universities are freed from competitive forces that would otherwise keep tuition low. Easy access to cheap credit enables students to bid up tuition, benefiting the educational establishment at their expense. Politicians secure student's votes by promising relief from skyrocketing tuition by providing even more loans. Ironically, the loans themselves are the very reason tuition is so high in the first place.
Before the Federal Government got involved, college degrees were much more affordable, and ambitious students from poorer families could easily work their way through. In addition, as fewer high school graduates actually went on to college, not only were college degrees much less expensive to obtain, they were far more valuable to have. With so many high school grads now going on to college, a college degree is actually less valuable in today's job market, despite its inflated price tag, than was a high school diploma in the 1950s. The only solution is to get the Federal Government completely out of higher education, and let the free market fix what the government broke!
For those of you who feel a college degree is essential to financial success consider John D Rockefeller and Andrew Carnegie. Rockefeller dropped out of high school and began working full-time at age 16. Carnegie didn't even go to high school and began working full-time at age 13. Both men were born poor and became self-made billionaires, with estimated net worths at their deaths (in today's dollars) of $670 and $300 billion respectively. To put those numbers into perspective, the richest living American, Bill Gates, who dropped out of Harvard during his sophomore year, has an estimated net worth of just $65 billion."
- Source - Peter Schiff of Schiff Radio:
Tuesday, November 13, 2012
Fiscal Cliff Isn't The Problem, Debt Is!
"Peter Schiff, Dodge Dorland and Rebecca Sheehan debate the dangers of the impending "fiscal cliff", and explain why it'll hurt the U.S. economy."
- Source, CNBC:
http://www.cnbc.com/id/15839263
Thursday, November 8, 2012
Schiff on the Elections: You Can't Fix Stupid, But You Can Buy It For $8 Billion
"The founding fathers warned us years ago about the dangers inherent in democracy. They considered democracy to be tyranny of the majority. In fact, they actually referred to democracy as "mobocracry." That is why they established the United States as a Republic. The Constitution guarantees to each state in the union a Republican form of government, and contains all sorts of safeguards to protect us from the evils of democracy. Unfortunately over the years, little by little, those safeguards have been torn down. The result has been every bit as disastrous as the founders feared."
- Source:
Saturday, November 3, 2012
Sandy Broken Windows Economics Explained
Peter Schiff explains to viewers how Keynes economist think. The reference that he provides is the destruction caused by the recent hurricane Sandy. Keynes economist think that these types of natural disasters, although tragic, are good for the economy. Peter easily explains how this is completely flawed and "dumb" thinking.
- Source:
Friday, November 2, 2012
Peter Schiff Interviews Marc Faber on Schiff Radio
This is a fantastic interview in which Peter Schiff of Schiff Radio interviews the great Marc Faber, author of the Gloom, Boom and Doom report. They talk about the coming inflation that the world is going to face and how to protect yourself when this time comes.
- Sources:
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