Central Banks Got It All Wrong on Inflation

Biggest Crisis Ever Looms

This year has seen plenty of political turmoil - the waves of instability seem to do little to the world’s economy. Will that remain so for long? And if not - is there an another crisis looming, like the one that left thousands if not millions helpless and in poverty in 2008? And, finally, what does tomorrow hold for dollar? We ask these questions to leading financial analyst and CEO of Euro Pacific Capital Peter Schiff.

- Source, Russia Today

America is the most dependant country on the planet

I think America is the most dependant country on the planet. We depend on the rest of the world, like no other country does. We don’t have the ability anymore to produce the consumer goods that we require and so we count on the rest of the world to fill the void, to send us all the goods that they produce in exchange for nothing - because we don’t have the exports to pay for our imports. We count on the world to lend us the money to buy the products that they produce. We have the world’s biggest trade deficits, the biggest current account deficits, we’re the worlds’ biggest indebted nation. So, in a way, we’re like a global economic parasite - we feed off the rest of the world and we need to maintain the illusion that the world depends on America instead of the other way around. Of course, in the long run, I think this relationship is doing far more damage to America than to the global economy, because eventually the world is going to figure out what we’re doing, and they’re not going to support us anymore, and the world will pull the plug on america and then, of course, because this has gone on for so many years and our economy has been able to evolve in such an unsustainable bubble fashion - it’s going to be very, very painful when we have to live within our means again and start to produce and save rather than borrow and consume.

- Source, Peter Schiff via Russia Today

Coming Collapse Becoming More Evident to Investors

Peter Schiff believes that a coming collapse is on the way. Are investors waking up to this reality? Finally?

Stock Market Going Up For Wrong Reasons

Peter Schiff discusses why he thinks stocks are going up for the wrong reasons. Interest rates are also discussed. The FED has it all wrong when it comes to inflation according Peter Schiff.

The FED CAN'T Raise Interest Rates

I think a lot of people are delusional. They believe in this false narrative, they have confidence in what the Federal Reserve has done, the believe the forecasts of many of the economists about vibrant growth in the U.S. economy in years ahead, and of how Fed will raise interest rates, and the economy continues to expand. All that is impossible. The Federal Reserve has placed itself into position where they can never raise any interest rates - in fact, I don’t think they’re going to be able to go very long without launching another round of quantitative easing, because our bubble economy is completely dependant on the continuation of that policy. When the Fed takes it away, we’re headed for a massive economic collapse.

- Source, Peter Schiff via Russia Today

The FED is Doing a Lot of Damage

Right now, a lot of people don’t appreciate how much damage the Federal Reserve is actually doing, because there’s a lot of false optimism right now regarding the success of the Federal Reserve's QE program, and its 0% interest rates. People believe that it’s been successful at reviving the U.S. economy, and that’s why there's some interest in the dollar in our markets - but all what Fed has succeeded in doing is exacerbating all of the problems that caused the 2008 financial crisis and they’ve inflated a much bigger bubble - so I think the crisis that we have coming is unfortunately going to be much worse that the one we passed.

- Source, Peter Schiff via RT

Gold Videocast: Peter Schiff Answers Questions from You!

In his latest Gold Videocast from Euro Pacific Precious Metals, Peter takes the time to answer some of the trickier questions he gets from his clients and subscribers.

Fed Haters vs. Fed Cheerleaders

FED Hater, Peter Schiff and FED Cheerleaders go face to face in this battle on CNBC.

Ron Paul and Peter Schiff Talk Iraq, Perry, Rand, Fed, IRS

Peter Schiff and the legendary Ron Paul discuss current events in the United States and around the world. Peter brings up the unfolding situation in Iraq, his son Rand, the FED and the IRS.