Peter Schiff: Trump Effect on the Stock Market

Peter Schiff discusses the exploding stock market and where he sees things going from here. He talks about the irrational exuberance coming from Wall Street and how they are ignoring the facts staring them in the face. He sees long term pain coming our way.

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Peter Schiff: Trump Effect on the Stock Market

AMTV interviews Peter Schiff about the recent discussion by the FED to raise interest rates and crash the economy as Donald Trump enters office. Will Trump be set up by the elites? Will he be the fall guy for the greatest crash in our modern times?

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Peter Schiff urges investors to be cautious about Donald Trump’s ‘Midnight in America’

It is safe to say that much of the contrarian community is jubilant that Hillary Clinton did not win last week’s presidential election. However, it is also safe to say that the contrarian community is cautious about the upcoming Donald Trump administration since it isn’t looking too promising at the moment.

One of these people who are concerned about a Trump White House is Peter Schiff, president and CEO of Euro Pacific Capital.

Writing in an op-ed piece last week entitled “Midnight in America,” Schiff averred that just because the American people did not fall for the evil, vile and corrupt Clinton, it “does not mean that we are now on the path to recovery.” Schiff conceded that Trump is unlikely to continue on with the status quo, but noted that the next four years seem to be uncertain.

Indeed, Obamacare will be altered and an array of regulations will be dismantled, but, when it comes to the meat and potatoes, “it’s anybody’s guess.”

“He has said that he wants to lower taxes and reduce regulations, which are needed goals, but he has said nothing about the hard work of reducing spending or reining in our country’s runaway national debt. Trump has openly admitted that his business successes have been based on his ability to go deep into debt, and then to emerge, Phoenix-like, on the back of good deal-making, marketing, and braggadocio. He probably thinks he can do the same on the national level. But there the rules are much different,” Schiff wrote.

“It is unlikely that he understands the chemicals he will be playing with, nor is it likely that he will rely on the opinions of those who do. It’s clear that his only solution is that we ‘grow our way out of debt.’ This is a gambler’s mentality that is likely integral to his DNA. It didn’t work for him in Atlantic City, and it won’t work for him now.”

He added that Trump doesn’t understand how the living standards of millions of Americans have been “subsidized by our trade deficits.” Schiff further noted that it isn’t the trade deals that have caused the loss of millions of jobs. Instead, it’s that U.S. manufacturers can’t compete in a nation and in a world with enormous costs and regulations. He also explained that the U.S. has been able to access and consume cheap foreign goods.

Right now, trade deficits are a problem for creditors and not the U.S. However, he warns, they will become a gigantic issue for the U.S. if creditors make the ultimate decision “to cut us off.”

A trade war may not bring back jobs, Schiff purports, but they will boost prices and cut back choices of U.S. consumers.

“For now we should celebrate that the election of 2016 shows that the American public knows that they have been misled, that they are mad as hell, and that they refuse to take it any longer,” he opined. “But as bleak as the picture Trump painted of the current state of the U.S. economy, it was not bleak enough. Before things can actually get better, they must first be allowed to get much worse. Decades of government promises to supply voters with benefits taxpayers can’t afford must be broken, starting with many of the promises Trump made himself to get elected. Rising consumer prices and long-term interest rates can bring this decades-old party to a catastrophic end.”

In the end, according to Schiff, Ronald Reagan was the last GOP president to promise change and make good on his famous “Morning in America” pledge (lower taxes and regulations), but he failed in one area: cutting spending. Even though, Schiff says, Trump never promised to slash spending, he will have to when interest rates start going up and the national economy worsens.

“Reagan’s morning now looks more like Trump’s midnight,” Schiff concluded.

- Source, Economic Collapse News

Are liberal arts degrees worthless? Peter Schiff thinks so

Liberal arts graduates are constantly teased because they spent $50,000 on a women’s arts degree or a sociology degree instead of something tangible, instead of a real marketable skill.

In today’s global economy, the supply and demand of the labor market suggests that the world needs more software developers and computer engineers – or even people who can count backwards without a calculator – than those who have studied how white people are racist and men are sexist for four years.

Peter Schiff, CEO and president of Euro Pacific Capital, is one of those who people who believes liberal arts degrees are worthless. He explains the problem in this video below that is a couple of years old.

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Peter Schiff on the Problems with Trump's Fiscal Plan

You see, Trump is proposing to collapse the current seven tax brackets into three brackets of 12%, 25%, and 33%. The current seven brackets range from 10% to 39.6%, according to the Tax Policy Center.



In addition to individual income tax reductions, Trump also proposed slashing the corporate tax rate to 15% from its current 35% to 39%.

These changes may seem beneficial for the U.S. economy and companies because consumers will have more money in their pockets, while companies should be able to afford staying in the states.

But Schiff predicts that reducing taxes will actually have negative consequences…

"If we try to cut taxes and raise spending, with the enormity of debt that we have, we will need more monetary stimuli than ever before," Schiff predicted to CNBCon Nov. 21.

For example, he noted that if tax rates were to be lowered, it would actually increase the use of quantitative easing and the Fed will have to reverse and cut interest rates.

Meanwhile, the Fed is expected to raise interest rates this month for the first time in a year, which Schiff predicts will be a huge problem when payments are due.

"Trump doesn't want to tackle, for political reasons, the real problems that are underlying: Americans are living beyond their means and have been for generations, and we have an enormous debt that is being held together by artificially low interest rates," Schiff said.

Not only will Trump's plan ignore the national debt, according to Schiff, but "it would also put upward pressure on inflation, which is already above the Fed's target," he added.

And he's right…

The Fed's target for inflation is 2%. The current year-to-date (YTD) rate of inflation is 2.20%, according to the Statistics Bureau on Nov. 20.

"For actual economic growth," Schiff said, "we're going to have to confront these problems."

It's yet to be determined if Trump's fiscal stimulus plan will have the impact that Schiff is predicting, but if a massive financial crisis does occur, it's vital to be prepared.

Here's how you can protect your money amid a financial crisis and even profit in the event of a stock market crash, starting right now…

- Source, Money Morning

Trumps Economic Plan Will Result in Massive Financial Crisis

Euro Pacific Capital CEO and well-known economist Peter Schiffpredicted to CNBC on Nov. 21 that President-elect Donald Trump's economic plan will result in a massivefinancial crisis – one even worse than that of 2008.

Schiff, who is known as "Dr. Doom" thanks to his history of accurately predicting market chaos, issued a stark warning about Donald Trump's presidency and the U.S. economy…

"Voting for Trump is not enough to recover the U.S. economy," Schiff said toCNBC on Nov. 21.

The financial commentator noted that he is bearish right now in part because of the massive U.S. national debt, which is expected to exceed $20 trillion in December, making it the highest in the world, according to U.S. News on Dec. 1.

But the main reason Schiff is predicting an immense financial crisis is because of President-elect Donald Trump's fiscal stimulus plans.

In fact, Schiff claimed there are "20 trillion reasons why [Trump's] fiscal stimulus can't work"…

- Source, Money Morning

How Donald Trump's economic plans will lead the Fed to reverse course on policy

Long-time Federal Reserve policy critic Peter Schiff has a new target, and it's none other than President-elect Donald Trump.

In a recent interview with CNBC's "Futures Now," the Euro Pacific Capital chief said that while themarkets have rallied since Trump's election victory, the very same economic issues that got him elected will be the exact same one's he'll find himself unable to solve.

As Schiff sees it, Trump pleased voters with his promise to cut taxes and increase spending in some key areas. However, his proposed policies will hurt the economy rather than make room for improvement.

"He doesn't want to tackle, for political reasons, the real problems that are underlying the economy," Schiff told CNBC.

Namely, the fund manager predicted that Trump's economic policies will exacerbate already-existing trade and fiscal deficits, and bring about inflation that the Fed will likely be pressured to solve. This may even involve going against the idea of a rate hike, which many had pegged at a more than 90 percent chance of occurring in December.

One of Trump's signature plans involves massive public spending on roads, bridges and other U.S. infrastructure. Meanwhile, economists nearly unanimously expect a tax cut that could rival the ones signed by former president George W. Bush.

"We're going to have to do even more quantitative easing (QE)," said Schiff, explaining that the central bank will have to return to its most potent weapon: Super-easy liquidity to pump-prime the economy.

"The Fed is going to have to reverse and cut interest rates, and it's not going to create economic growth, but it is going to put pressure on inflation that is already now above what the Fed supposedly says is its supposed target," he added.

In other words, Schiff believes that even if a December rate hike does happen, it's already "too little, too late" for the economy.

According to him, the Fed will still be faced with the question of how to finance the deficits that Schiff says will emerge, especially in light of the global bond rout that took place after the election.

The combination of outcomes from Trump's policies leads him to believe that a market "crisis" is on the way, and the crash could be even bigger than the one in 2008.

Stocks continued their post-election rally, with the Dow and small-cap stocks setting new record highs last week.

- Source CNBC

September Jobs Report Even Weaker Than It Appears

Peter Schiff breaks down the recent non farm payroll report. Which he sees as manipulated and bogus. He explains why these government reports are not to be trusted. The markets are preparing themselves for a massive collapse.

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Peter Schiff: Markets Will Blow Up

Dollar Collapse a Mathematical Certainty

Schiff breaks down why the worst of the economic crisis is far from over yet. We have made all the problems worse and it is only a matter of time before this entire Ponzi scheme comes crashing down on our heads.

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Making America Great Again will be much harder than voters think

Peter Schiff has an economic message for Donald Trump…

He breaks down the difficulties and roadblocks Trump is going to face as a president. He compares his message to that of Ronald Regans, but states that the United States is unfortunately in much worse shape than it was under a Regan administration.

Trump will have an uphill battle, but people are fed up with the establishment and want real fundamental change.

Peter Schiff voted for Donald Trump and explains exactly why in this video. Enjoy.

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Schiff on why he would still buy gold

Peter Schiff of Euro Pacific Capital explains why the Fed's hesitation means he'll keep buying gold.

- Source, CNBC

The US Dollar is on its Way Towards Collapse

Peter Schiff talks about the over abundance of government and regulation that the western world now faces. He sees a collapse in the US dollar coming our way. It is now only a matter of time. Prepare now or rue to regret the day.

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Fed Losing Control! The Bond Market Will Blow Up!

Peter Schiff appears on CNBC where he breaks down the recent market action. He laughs about how the markets still listen to what the FED has to say. They cannot raise rates and gold is going to go much much higher. Get ready.

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Here's Why The Fed Won't Raise Rates This Year

Peter Schiff breaks down his reasons for believing that the FED will not and cannot afford to raise interest rates. They need inflation and want it. The market is completely fooled by these actions.

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Economic Collapse Countdown with Peter Schiff and Stefan Molyneux

What is the real state of the world economy in the midst of United States Presidential election featuring Donald Trump and Hillary Clinton? Peter Schiff joins Stefan Molyneux to discuss crushingly low central bank interest rates, growing unemployment, the growing stock market bubble, record-breaking government debt and the overall lack of economic recovery.

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.

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Putting The Trump Controversy Into Perspective

Peter Schiff discusses the 2016 presidential elections and how the media is piling on Donald Trump. He breaks down the latest news and explains how it all needs to be put in perspective. The time for emotional and irrational decisions is not now.

- Video Source

Just like Obamacare, the Fed's policies will fail

The recent troubles plaguing Obamacare are comparable to what will happen with Fed stimulus, according to economist Peter Schiff, who is predicting the downfall of both.

In his latest blog post, the frequent critic of the Federal Reserve seized on the negative Obamacare headlines — Aetna shuttering exchanges, surging costs, reported layoffs due to the national health plan. He said they're to be expected when the government ignores market realities and overreaches.

"After only four years of operation, there is now wholesale defection by insurance companies to abandon the Obamacare marketplace because they are hemorrhaging money faster than just about anyone predicted," said Schiff, who pointed to this post four years ago in which he said there would be trouble. "To believe that any other outcome was possible would have been the equivalent of believing in the Tooth Fairy."

The founder of Euro Pacific Capital has long been predicting doom for Fed stimulus as well. In seeking to pull the economy out of the 2008 financial crisis and accompanying recession, the central bank has kept interest rates anchored and instituted three rounds of quantitative easing, a monthly bond-buying program that ended in October 2014 but not before it expanded the Fed's balance sheet by about $3.7 trillion.

While the stock market is up about 225 percent since the March 2009 lows, the economy has struggled. Inflation has remained low and gross domestic product has never grown more than 2.5 percent for a full calendar year.

Throughout the recovery Schiff has been predicting it will end badly, and he has been a strong proponent of gold. He believes his warnings will prove prescient. Asset prices, he has said repeatedly, are in a bubble that soon will pop.

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Gold market overreacted to Yellen speech, Fed is pretending to be hawkish

Last week, the Federal Reserve held its annual summer retreat in Wyoming. During the visit to the Cowboy State, Fed Chair Janet Yellen stated that the case of a rate hike next month has “strengthened.” Meanwhile, Fed Vice Chair Stanley Fischer noted that a September rate hike will depend on August’s jobs numbers.

If everything is sound by September 20 then the Federal Open Market Committee (FOMC) will agree to a boost in interest rates, just the second time in the last decade.

One contrarian investor believes the gold market overreacted, while criticizing traders for not looking at the numbers.

Peter Schiff, president and CEO of Euro Pacific Capital, stated in a recent podcast that the United States central bank is just being hawkish in its talk. In fact, according to Schiff, the Fed is pretending to be hawkish in order to fool the markets.

He noted that whether the Fed goes through with a rate hike or delays action it will really have very little effect on the national economy.

“For a small person, Janet Yellen certainly casts a large shadow over the financial markets. Everybody was on pins and needles,” he said. “All the traders were there with their fingers on the buttons waiting to react to anything that Yellen said.”

Schiff said the stock market only cares about what the central bank will or will not do.

“Nobody cares what the numbers actually are. They only care about what the Fed is going to say about the numbers,” Schiff averred. “What they say, supposedly, indicates what they might eventually do. So, it all boils down to ‘what is the Fed going to do?’ Nothing is real. Nothing else matters.”

The bestselling author of “Crash Proof” and “How an Economy Grows” also provided an interesting point: a hawk is predatory, and in the central bank world, a hawk is a central banker with a strong view of sound money. The Fed clan can’t be described as those, Schiff said.

“When it comes to hawks with respect to the Federal Reserve, the bird is extinct,” Schiff stated. “They are all doves and the only difference is the degree of dovishness. The hawks are gone and are probably never coming back. Yellen was not a hawk, and neither was Stan Fischer.”

Markets are optimistic that a rate hike will happen within the next few months.

- Source, Economic Collapse

Peter Schiff: Low Rates are the Cause of, Not Solution to, Economic Malaise

But it is becoming clearer that rates set by central banks that are far below the levels that free markets would have otherwise determined have dragged the world into the economic mud. The simple proof is currently arising in Europe where negative interest rates are now transforming companies from agents of growth, production, and employment into financial sloths that exist solely to borrow money.

In a September 7 front page article, the Wall Street Journal reported that as of September 5, €706 billion worth of investment-grade European corporate debt, or roughly 30% of the market, according to trading platform Tradeweb, was trading at negative yields, an increase from just 5% in January. These negative yields were the result of intense activism on the part of the European Central Bank (ECB).

For years the ECB had been trying to stimulate growth by buying trillions of euros’ worth of sovereign debt. But as these programs proved ineffective to wake up the EU economy from its long economic slumber, this year they began moving into the corporate market. Most of this buying has occurred on the secondary market, for bonds that had previously been issued at positive rates. The central bank buying raised prices of these bonds sufficiently to push yields into negative territory. It also has drawn in speculators who have bought low yielding bonds not because they are good investments but because they are convinced that the ECB will one day buy them out at a premium.

But the real news of that Journal article was that for the first time, major European firms like German manufacturer Henkel AG and French drugmaker Sanofi SA had issued corporate bonds at negative rates in the primary market. This means that if they are held to maturity, the bonds are guaranteed money losers…in essence, the companies are being paid to borrow. This is a stunning development that alters the fundamental principles of corporate strategy.

As this process of ECB corporate bond buying continues, more and more companies will follow suit and issue bonds at negative yields. Why wouldn’t they? It’s nice work if you can get it. To seek profits, why go through the laborious and uncertain process of developing new products and seeking new customers when all you have to do instead is simply borrow money from lenders and pay them back less? It’s fool proof, requires no messy union labor contracts, no R&D, and is infinitely scalable…as long as the central bank keeps buying. All indications are that they will. With such an easy path to profits, it should come as no surprise that this August was the busiest on record in terms of European corporate debt issuance, according to Dealogic.

But what are the companies doing with the newly raised cash? They aren’t using it to hire more workers. Another story in the same Journal edition detailed how European corporate investment spending stalled at 0% growth in the second quarter (Eurostat data). Rather than investing the money, companies are using the brisk bond issuance to retire older debt, pay dividends, or buyback shares on the open market. While these activities are great for shareholders, they provide very little benefit for workers and consumers. Welcome to the new economy.

Normally, if a company borrows cash at a positive rate of interest, it must put that money to some productive use in order to repay lenders both principal and interest, plus generate a profit for its efforts. But now that hurdle has been eliminated. Companies don’t need to create any value with the money they borrow. They just need to borrow. The loans themselves produce the profit. It’s not too difficult to see how the corporate sector will evolve if the “ECB buying at negative rates” trend continues, or picks up steam. Corporations will focus less on business operations and more on ways to increase debt issuance. Fewer engineers and more accountants is never a good recipe for economic growth.

Japan has been going down this road even longer than the Europeans, and the results are equally poor. Although it hasn’t been buying corporate debt, the Bank of Japan (BoJ) is on pace to buy more than $786 billion worth of Japanese Government bonds this year, more than double what the government will actually issue. Currently the BoJ owns more than a third of outstanding government bonds and, at the current pace, it could own 60% by the end of 2018. (WSJ, R.Rosenthal & S.Bhattacharya, 9/9/16)

But it doesn’t stop there. The BoJ has also become the principle buyer of the Japanese stock market and now owns more than 60% of Japanese ETFs. Clearly, those stock purchases are not motivated by the same market-focused rationale that would compel private investors. Such “investments” are not spurring the Japanese companies to make bolder investments into organic growth. Instead, they are more likely to sit back and let the money roll in. It’s corporate welfare at its worst, guaranteed to produce nothing but short-term profits.

But despite all of this, the politicians, central bankers, and economists insist that bolder and more creative techniques of money printing and financial stimulus will unlock the economic puzzle and return the global economy to 3% or 4% growth. I think there is little doubt that the Federal Reserve will ultimately follow the ECB and the BoJ into this bizarre world of negative yields and unlimited financial asset purchases.

But as we go down this road, no one in power seems to consider the possibility that “stimulus” does more harm than good. If central banks weren’t buying bonds, interest rates would surely rise, and risks for business and governments would return. But the real world can produce real results. It has worked that way for millennia. Without guaranteed government money, companies would need to attract real investors. To do that they would need to create real businesses, a process that takes investment, innovation, and efficiency. These are the essential elements that create productivity growth that is the single biggest factor in raising living standards. It’s no accident that productivity growth has all but disappeared in the current age of central bank activism.

So we have a choice, either we continue down the road of negative rates to Fantasy Land, where central banks own all the stocks and bonds and asset prices always rise, but real wages and average living standards always fall, or we take our chances on a different path that leads to reality, however unpleasant the transition may be. I for one would choose the latter, but it looks like I won’t have much company.

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Peter Schiff - The Economic Collapse Countdown Has Begun

What is the real state of the world economy in the midst of United States Presidential election featuring Donald Trump and Hillary Clinton? Peter Schiff joins Stefan Molyneux to discuss crushingly low central bank interest rates, growing unemployment, the growing stock market bubble, record-breaking government debt and the overall lack of economic recovery.

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairman of Schiff Gold.

- Source, Stefan Molyneux

Why Peter Schiff’s international fund is up over 35% year-to-date

If there's one piece of advice that Peter Schiff has for investors, it's stick to your plan.

After a terrible year in 2015, the president and CEO of Westport, Connecticut-based Euro Pacific Capital is now having a banner year. His EuroPac International Value Fund (EPIVX) is up just above 35 percent year-to-date, the second best performance out of any diversified international equity fund, according to Morningstar.

The gains have largely been driven by Schiff's bet on gold, which only started to pan out in 2016. The fund has about 28 percent of its assets in the yellow metal, up from 15 percent at the start of the year, while a number of his gold stocks — Yamana Gold, Barrick Gold and Newmont Mining — have seen 100 percent-plus returns. He expects even bigger gains in gold going forward, because he thinks people will soon realize that the Federal Reserve policy over the last few years hasn't worked.

While Schiff has owned gold stocks for decades, the yellow metal has only seen big gains over the last year. Since January, it's up 27 percent, in large part due to worries over world growth, overvalued stock markets, the possibility of rising U.S. interest rates and concerns that global monetary policy isn't working.

"The foundation has been built on stimulus, and the economy will eventually collapse under its own weight," he said. "There's more evidence saying that the economy isn't as strong as the Fed has been saying and that they can't deliver all of their rate hikes. I do believe it will be as every bit of a disaster as critics like me have been warning."

Gold may have been a big driver of returns, but it's not the only reason why the fund has done well. While Schiff and Jim Nelson, co-manager of the EuroPac International Value Fund, can invest anywhere in the world, they've been finding good opportunities in resource, telecom and infrastructure companies in places like New Zealand, Switzerland, Singapore and Australia.

A big reason why he's investing in these countries is that they have companies with little exposure to the United States. The U.S. consumer, he said, "is living on credit, has no savings, and the whole economy is headed for collapse, and I want protection against that. I'm trying to invest in markets and companies that are best positioned to do well in an environment where the U.S. economy is not doing well."

These countries also have overnight rates that are higher than the Fed Funds rate, which is now 0.5 percent. That makes them more attractive from a yield perspective, added Nelson.

When it comes to actually buying companies, Schiff and Nelson look at return on capital employed versus earnings yield, which they feel is the best way to measure the quality and value of the company. There isn't a specific number they look for — some companies may have a lower return on capital employed, but that is at times compensated by a higher earnings yield, said Nelson. This method allows them to eliminate any gains due to financial engineering, such as with share buybacks, as that can cloud returns, said Nelson. He tries to strip all of that away to see what kind of return a company can generate with the assets it owns.

With that in mind, here are three stocks that have driven the fund's performance since the beginning of the year.

- Source, CNBC

Data Dependent Fed Ignores Bad Data

The Fed Up Fix Is In

The Collapse of the U.S. Dollar

Peter Schiff is interviewed and gives his take on the US dollar and its future. Is a economic collapse in our future? Only time will tell.

- Video Source

Americans don't understand economics, we will have a crisis

When Janet Yellen Talks Why Do People Still Listen?

Peter Schiff : The First 24 Hours of The Dollar Collapse

This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets.

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Markets Rattled by Rate Hike Possibility

Fed Will Abandon Pretense of Growing Economy After Election

Peter Schiff: Just like Obamacare, the Fed's policies will fail

The recent troubles plaguing Obamacare are comparable to what will happen with Fed stimulus, according to economist Peter Schiff, who is predicting the downfall of both.

In his latest blog post, the frequent critic of the Federal Reserve seized on the negative Obamacare headlines — Aetna shuttering exchanges, surging costs, reported layoffs due to the national health plan. He said they're to be expected when the government ignores market realities and overreaches.

"After only four years of operation, there is now wholesale defection by insurance companies to abandon the Obamacare marketplace because they are hemorrhaging money faster than just about anyone predicted," said Schiff, who pointed to this post four years ago in which he said there would be trouble. "To believe that any other outcome was possible would have been the equivalent of believing in the Tooth Fairy."

The founder of Euro Pacific Capital has long been predicting doom for Fed stimulus as well. In seeking to pull the economy out of the 2008 financial crisis and accompanying recession, the central bank has kept interest rates anchored and instituted three rounds of quantitative easing, a monthly bond-buying program that ended in October 2014 but not before it expanded the Fed's balance sheet by about $3.7 trillion.

While the stock market is up about 225 percent since the March 2009 lows, the economy has struggled. Inflation has remained low and gross domestic product has never grown more than 2.5 percent for a full calendar year.

Throughout the recovery Schiff has been predicting it will end badly, and he has been a strong proponent of gold. He believes his warnings will prove prescient. Asset prices, he has said repeatedly, are in a bubble that soon will pop.

- Source

Obamacare is Blowing Apart, As Predicted

In his latest blog post, the frequent critic of the Federal Reserve seized on the negative Obamacare headlines — Aetna shuttering exchanges, surging costs, reported layoffs due to the national health plan. He said they're to be expected when the government ignores market realities and overreaches.

"After only four years of operation, there is now wholesale defection by insurance companies to abandon the Obamacare marketplace because they are hemorrhaging money faster than just about anyone predicted," said Schiff, who pointed to this post four years ago in which he said there would be trouble. "To believe that any other outcome was possible would have been the equivalent of believing in the Tooth Fairy."

The founder of Euro Pacific Capital has long been predicting doom for Fed stimulus as well. In seeking to pull the economy out of the 2008 financial crisis and accompanying recession, the central bank has kept interest rates anchored and instituted three rounds of quantitative easing, a monthly bond-buying program that ended in October 2014 but not before it expanded the Fed's balance sheet by about $3.7 trillion.

While the stock market is up about 225 percent since the March 2009 lows, the economy has struggled. Inflation has remained low and gross domestic product has never grown more than 2.5 percent for a full calendar year.

Throughout the recovery Schiff has been predicting it will end badly, and he has been a strong proponent of gold. He believes his warnings will prove prescient. Asset prices, he has said repeatedly, are in a bubble that soon will pop.

- Source, CNBC

How an Economy Grows and Why It Crashes

Peter Schiff: Just like Obamacare, the Fed's policies will fail

The recent troubles plaguing Obamacare are comparable to what will happen with Fed stimulus, according to economist Peter Schiff, who is predicting the downfall of both.

- Source, CNBC

The Silver Bomb: The End Of Paper Wealth Is Upon Us

This bubble is about to burst: Peter Schiff

Euro Pacific Capital's Peter Schiff calls out the Fed ahead of the FOMC minutes and weighs in on the election, wages and earnings. And the "Futures Now" traders have a money-making play on the U.S. dollar.

- Source, CNBC

Crash Proof 2.0: How to Profit From the Economic Collapse

SchiffGold Merges with GoldMoney, Peter Schiff and Josh Crumb Educating and Enriching

SchiffGold, LLC is excited to announce we have been acquired by and will join forces with Gold Money (formerly BitGold).

In this video Peter Schiff explains the details of the merger of SchiffGold and GoldMoney. He speaks with Gold Money's co-founder and commodity king Josh Crumb.

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The Real Crash: America's Coming Bankruptcy How to Save Yourself and Your Country

Market Reaction To Jobs Report Confirms My Hypothesis

Fed Minutes Reveal The Easing Cycle Has Already Begun

Global Financial Collapse Accelerates

Brexit Is The Match That Lights The Tinderbox

Silver Confirms Gold's Breakout

Huge Crisis - Gold Will Routinely Be Moving Up at $100 Clips

Financial expert Peter Schiff goes on to say, “This is going to be a huge crisis. Alan Greenspan was on CNBC saying this is the worst thing he has seen in his career. He’s not talking about what has already happened. He’s talking about what is about to happen. 

He understands how screwed up the economy is because he helped screw it up. . . . One of these days, you are going to see gold moving up at $100 clips routinely when people really perceive the dangers in the fiat world and come to grips with how much money these central banks are going to print. 

None of them have any integrity to honestly default, so they are going to take the coward’s way out and print.”

- Source, USA Watchdog

Bubble Ready to Implode. Massive QE Coming!

Brexit Not The Reason Fed Won't Hike In June

Peter Schiff: Brexit is a gift for Janet Yellen's Fed policy

With Britain's decision to leave the European Union, one of Wall Street's most closely followed bears says that Federal Reserve chair Janet Yellen should send the Brexit campaign leaders a gift basket.

The U.K.'s decision sent global markets reeling in its aftermath, hiking volatility and injecting uncertainty into the outlook for the world's economy. For those reasons, a growing number Wall Street watchers think the Fed's timetable to gradually hike interest rates have been severely curtailed, if not taken off the table altogether.

The Fed's willingness to begin pulling back on crisis era policy was already in doubt. "Now, Janet Yellen can blame her failure to raise rates on Brexit," said Peter Schiff, CEO of Euro Pacific Capital on CNBC's "Trading Nation" this week.

"She could even use this as an excuse to cut rates back to zero and launch QE4," the bearish investor said, referring to a fourth round of quantitative easing, the massive bond buying used by the Fed to try and spur growth.

"As far as Janet Yellen is concerned, the British have given her the gift that keeps on giving," concluded Schiff.

A relentless critic of the central bank, Schiff used Britain's referendum as a new reason to blast U.S. financial leaders. He said without Brexit, the Fed would have to admit that domestic economic weakness is the true reason for leaving rates near zero.

"For months, the corner that the Fed has painted itself into has gotten smaller and smaller," explained Schiff in his recent coverage. "Sadly, Fed officials are discovering that their supply of credibility is not infinite."

Markets suffered a harrowing trading session on Friday, with the Dow plunged over 600 points to a 10-month low, and Germany DAX closing down nearly 7 percent, its worst day since 2008. Additionally, the STOXX dropped 14 percent for its worst day since 1987 while markets in Spain and Italy both sank by 7 percent.

Schiff believes that weak markets will continue to fuel the Fed's resistance to tightening monetary policy. He said that when critics call out the Fed's inaction, the Fed can simply point to uncertainty in the U.K., the world's fifth largest economy.

- Source, CNBC

Peter Schiff: Massive Quantitative Easing Is Coming, Warns Bubble Will Implode

Economic expert Peter Schiff has dire predictions for the American dollar and tells you how to survive the crash. Will gold and silver protect your coming assets in the coming correction, will the world make it through to the other side?

Join Peter Schiff as he breaks down what he sees coming and how best you can prepare for it.

- Source

Peter Schiff - Financial Crisis - Stock Market Crash - Gold Price

Peter Schiff and Stefan Molyneux : Why Economic Collapse Will Happen

Gold and Currency Markets Expose U.S. Recovery Myth

The Economic Collapse Recovery - Before Recession 2016

Tanking US Economy Has Much Further To Fall

Markets In Denial About Jobs As Trump Lets Truth Slip About Debt

This "Recovery" Has Been Worse Than The Recession For Most People

Donald Trump Is Right On US Debt

Goodbye Fed Credibility, Hello Stagflation

Fed Cries Wolf, Traders Come Running

How Much More Bad News Can The Markets Withstand?

Trump just exposed America's dirty little secret: Schiff

Presumptive Republican presidential nominee Donald Trump just revealed an inconvenient truth about U.S. debt, the outspoken and often controversial Peter Schiff told CNBC in a recent interview.

Last week, Trump joined CNBC's "Squawk Box" to discuss a wide range of topics including U.S. debt, interest rates and replacing Fed ChairJanet Yellen. It was Trump's comments about potentially renegotiating the more than $19 trillion in U.S. debt and the sensitivity surrounding higher interest rates that raised eyebrows.

While some observers argued that Trump's approach could betantamount to a debt default, Schiff told CNBC the GOP nominee was fundamentally correct in his observation.

"Trump just admitted on CNBC that America has too much debt to afford a rate hike, and that he wants our creditors to accept less than 100 cents on their Treasuries," the Euro Pacific Capital CEO explained on CNBC's "Futures Now" last week. "In other words, Trump knows a U.S. government default is inevitable."

Last year, the widespread belief that the Federal Reserve would tighten monetary policy unsettled markets. Recently, soft economic data and turmoil around the globe have softened expectations of a rate hike. Still, Schiff said an eventual rate hike could leave the world's largest economy exposed to a growing risk.

"If rates go up, refinancing [debt] doesn't help. The only thing that helps is restructuring," said Schiff, who compared the situation to the crisis in Puerto Rico.

The commonwealth "can't pay because they are broke, well math applies on the main land just like it applies in Puerto Rico, we can't pay either," he said. "And if interest rates go up Donald Trump is right, we have no choice than to tell our creditors they are taking a big haircut," he added.

- Source, CNBC

It's Crunch Time For The Fed As Stagflation Looms

Real Economic Earthquake Is In Our Future, Not Our Past

PAMP Suisse 1 Gram .9999 Fine Pure Gold in Certified Assay Card

Why gold is your safest and best bet!

Peter Schiff, Euro Pacific Captial CEO, discusses his bullish view on gold and why it is a safe bet for investors. Also, his perspective on the Fed and interest rates.

- Source, CNBC

The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy

Peter Schiff: Social Security’s Worst Nightmare

Why Economic Collapse Will Happen | Peter Schiff and Stefan Molyneux

The Dow closed above 18,000 on Monday for the first time since last July - but unfortunately that news isn't as positive as it sounds. Stefan Molyneux and Peter Schiff discuss the massive cracks in the world economic system, corporations defaulting on their debt, Saudi Arabia threatening to pull $750 billion in assets from the United States economy, the coming collapse in the health care industry, misleading employment statistics, the Panama Papers Scandal and the danger of economic collapse.

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.

- Source, Freedomain Radio

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness

Last Warning To America - Dollar Will Collapse

The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

Peter Schiff to Goldman Sachs—you're wrong on gold!

Gold bug, Peter Schiff has a message for all the bears out there: You are wrong!

On CNBC's "Futures Now" recently, Schiff said that Wall Street firms, and Goldman Sachs in particular, which have issued bearish calls on the commodity for some time, are too pessimistic on gold's upside. The investor insisted those firms are missing the big picture when it comes to bullion, due largely to anticipated action from the Federal Reserve that Schiff believes is unlikely to materialize.

"They are still wedded to the old narrative. They still expect the Fed to raise rates three times this year. They will believe in this phony recovery. They still expect the dollar to continue to go up and they're wrong," the CEO of Euro Pacific Capital said. Goldman "is just as sure that gold is going to collapse now as they were back in December.

- Source, CNBC

How an Economy Grows and Why It Crashes

Peter Schiff and Harry Dent Debate on Economy Gets Molten Hot

Alex Jones hosts a heated debate between Peter Schiff and Harry Dent. Although these two agree on much, they have had fundamental differences in the past. 

This explosive interview is no different and sees Harry lose his cool.

Who will be proven right is still yet to be seen, only time will tell.

The Crash of 2016: The Plot to Destroy America--and What We Can Do to Stop It

Why Gold Is Your Safest And Best Bet

Peter Schiff: Fed Only Delaying Financial Collapse!

Peter Schiff, CEO and chief global strategist for Euro Pacific Capital, is sounding the alarm bells once again. In a recent interview on Fox Business, Schiff warned that as long as the Federal Reserve keeps bluffing that it’s going to raise interest rates, its easy money policies have only delayed an inevitable financial collapse.

He went so far to say that there will be a stock market crash if Fed Chair Janet Yellen continues to pretend that the economy is in good shape by raising interest rates.

- Source

The Death of Economic Recovery

The mainstream media continues to spread propaganda claiming that an economic recovery is underway in the United States. Peter Schiff joins Stefan Molyneux to discuss the current Federal Reserve policy, Janet Yellen's recent testimony, high black unemployment, the future of the China's economy, decades of stagflation in Japan, the fall of Puerto Rico, Brazil's economic death-spiral, plunging oil markets, using Gold to hedge against inflation and the future of the world economy.

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.

- Source

Peter Schiff discusses how Wall Street is coping with more falling oil prices

The CEO of Euro Pacific Capital discusses how Wall Street is coping with another day of falling oil prices. Plus, the news that on top of its other financial woes, a new Gallup poll shows Americans tend to be optimistic about their finances.

- Source, Newsmax

Peter Schiff discusses the Fed’s meeting today about interest rates

Economist discusses the Fed’s meeting later today and what statements may come out about interest rates.

- Source

The Fed Systematically Sabotaged the Economy; What’s Next?

Peter Schiff: I was right about everything!

Time to bet on a gold rally? Euro Pacific's Peter Schiff talks gold, the dollar, and the Fed, with CNBC's Jackie DeAngelis and the Futures Now traders, Scott Nations and Jeff Kilburg...

- Source, CNBC

Brick & Mortar Retail Losing More Than Online Retail Gaining

The ECB Rescues The Markets

Fed Is Trying Everything They Can to Delay the Day of Reckoning

Peter Schiff: Gold Price is Going to Skyrocket, We're Going to Smell Blood

Financial expert Peter Schiff gives a gold update and says, “The price of gold is going to skyrocket, and it’s going to go up so much more than this because we are just getting started. What is really going to power the rise is not only are we going into a recession in the U.S., but it’s going to be an inflationary recession. When the dollar tanks, because the Fed doesn’t raise rates, then consumer prices are going to take off, and they’re going to rise so rapidly there is going to be no way the government is going to be able to hide them. . . . We are going to start to see inflation rates, annual inflation rates well north of the Fed’s 2% target level. They are not going to do anything to rein in inflation because it’s impossible. Gold is going to sense this. It’s going to smell blood. You’ve got a lot of people who are shorting the gold market. They are going to get crushed.”

On CNBC and his guest appearances, Schiff says, “CNBC used to have me on all the time before the 2008 financial crisis. Even though they thought I was saying all kinds of things they thought were crazy, they had me on just to be balanced. No one knew who I was, and I was saying all these outrageous things, but ever since all the outrageous things came true, they barely have me on—ever. I make their other guests look like fools. I make the announcers look like fools, and that’s the problem. . . .

You would think they would care about their audience, but I think they care more about their advertisers and their other guests that want to shill Wall Street products.”

- Source, USA Watchdog

Fed must capitulate or the bear will be brutal

With the S&P 500 near 52-week lows this year, investors are searching for clues on where equities could head. And while many assign blame on the collapse in oil and economic uncertainty in China, one of the Federal Reserve's fiercest critics is pointing the finger at one person: Janet Yellen.

"Unless the Fed totally capitulates, this bear market is going to be brutal," Peter Schiff, head of Euro Pacific Capital, told CNBC's "Futures Now" on Tuesday. A bear market is loosely defined by a 20 percent drop from a recent high. The S&P 500 is down 13 percent from its May high.

"What we need to stop this bear market, is full-on quantitative easing from the Fed. Every time the market has corrected, since 2008, it's always been the Fed that's made the bottom," said Schiff. "The Fed has always saved the market either by cutting rates, launching QE or threatening to launch another round of QE. So, they're going to have to give the drug addicts on Wall Street what they want."

Schiff vehemently maintains that central bank policy has served as the most destructive force in the U.S. economy. The S&P 500 has fallen 9 percent since the Fed raised interest rates in December for the first time in nearly a decade.

For Schiff, the U.S. will stay in a recession and stocks will continue to fall unless there's a reversal in policy. "I think the bubble has already burst. The question is if the Fed is going to fill it back up with air before too much comes out," he said. "This is an election year and Janet Yellen is playing a game of chicken with the markets."

The Fed critic has long voiced his opposition to monetary policy, but given the recent volatility, he is more convinced than ever that the Fed will have to reverse its course. "The only question now is how much longer the Fed will wait before it indicates rates are not going up, then cuts them to zero, launches QE4 and then lowers rates to negative," he said.

As far as his other bold predictions, Schiff maintains that gold will eventually hit $5,000 an ounce. "Gold is up $150 since the day after the Fed hiked rates," he noted. Gold has been the best performing asset in 2016. "Gold now has to reverse the last three years of loses because they were all based on a fantasy of a legitimate U.S. recovery. I think we're heading a lot higher."

Ultimately, Schiff believes gold will hit $1,300 per ounce in 2016 with potential to reach $5,000 in the coming years provided that the Fed cuts rates and relaunches QE.

- Source, CNBC

The markets are whistling past a graveyard: Peter Schiff

To say that 2016 — all two weeks of it — has been tough would be a vast understatement.

Global markets have seen more than $3 trillion in losses this year as a heap of selling has pushed stocks around the world either into correction or an outright bear market, according to data pulled by Howard Silverblatt of S&P Dow Jones Indices. However, as many on Wall Street point the finger at the collapse in oil prices and continued turmoil in the Chinese stock market, one market pundit says there's no one to blame but the Federal Reserve.

"I think the reason the market is going down is because the Fed pricked the bubble. The Fed raised rates," Peter Schiff, the head of Euro Pacific Capital told CNBC's "Futures Now" in a recent interview. Schiff is afierce critic of the central bank, which he believes has done more harm than good with its accomodative monetary policy.

"We are trying to rationalize it by pretending what's happening in the U.S. stock market has to do with factors beyond our control…so people can continue to pretend that everything is fine, that we have a legitimate recovery, the Fed can continue to raise interest rates and everything is going to be great," he added.

- Source, CNBC

Peter Schiff discusses Wall Street’s tumble and what it means for our 401Ks

CEO of Euro Pacific Capital discusses Wall Street’s tumble and what it means for our 401Ks.

- Source

This bubble is bigger than the previous two combined

National Alliance Securities Global Strategist Andy Brenner and Euro Pacific Capital Chief Global Strategist Peter Schiff on the markets, commodities and the U.S. economy.

- Source

Gold is still going to $5,000: Peter Schiff

Gold prices plunged more than 2 percent Thursday on the heels of the first Federal Reserve interest rate hike in nearly a decade. The commodity is now sitting near its lowest level since 2010, and with 8 ½ trading sessions left in 2015, the commodity is on track for its third straight year of losses — which would be the longest losing streak since 1998. But despite the horrid returns, one noted gold bug is sticking to his claims that the commodity could soon surge.

On CNBC's "Futures Now" Thursday, Peter Schiff stood behind his previous call that gold will reach $5,000. "It's still going to go there," said Schiff when he was asked about his uber-bullish prediction. "I don't think there's that much downside [in gold] because I think most of this is already built into the price," he added.

- Source, CNBC

Peter Schiff and Peter Morici discuss the Fed’s decision on interest rates

CEO of Euro Pacific Capital, Peter Schiff, joins economist, professor of business at the University of Maryland to discuss the Fed’s decision on interest rates, the cost of carpet bombing ISIS, and a report that people need $1 million or more to retire.

- Source

The Battle Continues: Schiff vs. Nations on Gold & Fed Rate Hike

When The Economy Crashes Parts Of America Will Resemble A 3rd World Country

Obama’s State of the Union Address | Peter Schiff and Stefan Molyneux

United States President Barack Obama delivered just his final State of the Union address – but unfortunately the facts don’t serve his fictional narrative.

Stefan Molyneux and Peter Schiff go through Obama’s address and discuss the state of the economy, the stock market crash, misleading unemployment numbers, the illusion of job creation, Federal Reserve interest rates, climate change talking points and much much more!

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.

- Source

Fed's Next Move Will Be More Easing Once Recession Hits

Peter Schiff, CEO of Euro Pacific Capital, warns investors not to believe the hype that the Federal Reserve’s interest-rate hike reflects confidence in a strengthening economy.

No, just the opposite, he told Newsmax TV.

“The next recession is about to begin and there's a good chance that it's already here or it will begin early in 2017,” he told Newsmax TV’s “The Hard Line.”

The Fed on Wednesday lifted its key interest rate by a quarter point to a range of 0.25 to 0.5 percent, up from near zero for the first time since December 2008.

“The only reason the Fed is raising rates is to try to show that they have confidence in the economy, but the reality is they have no confidence in the economy and they're trying to cover up those fears with this symbolic rate hike. But they're going to have to figure out how to reverse course unfortunately. They're going to be doing QE4 next year, they're not going to be raising rates again,” he said.

To be sure, Fed policymakers have slightly lowered their projections for short-term interest rates over the next three years, a sign that policymakers may move slowly after their first rate increase in seven years, the AP reported.

More Fed policymakers now expect the short-term rate will be 1.38 percent or below at the end of 2016 than in previous projections in September. And they forecast the rate will be 2.38 percent at the end of 2017 and 3.25 percent at the end of 2018, both a quarter-point lower than in September, according to projections released Wednesday.

Still, the Fed's forecasts for the U.S. economy and interest rates have proven too optimistic for most of the recovery from the Great Recession. A year ago, for example, their projection for short-term rates at the end of 2016 was nearly double what it is now.

But Schiff doesn’t see it that way at all.

“I don't think this is the beginning of the hiking cycle. This is the end of it. See, normally when the Federal Reserve begins to raise interest rates, they do it early in the recovery. The economy still has a lot of upward momentum, but the Fed has waited so long, this recovery is almost over,” he said.

“I mean we're still practically at 0 and that shows you how little confidence the Fed has in the economy that after supposedly seven years of recovery, that's all we get. And again, we're going to go back to 0 very quickly,” he said.

“In fact, they may bring rates negative. That's what might be in our future. Not only negative real rates, which we've already had because the rate of inflation is higher than the rate of interest, but we might actually have negative rates the way they have them now in parts of Europe and again, they're going to do another round of quantitative easing. It's unfortunate,” he explained.

“Cheap money isn't coming to an end, we're about to be showered with it. QE4 could be bigger than QE1, 2 and 3 combined. And it's not because this helps. It doesn't help. We would have been better off had the Fed never done any of this," he explained.

"We don't have a real recovery. All we have is a bubble and that bubble prevented a legitimate recovery and so now the U.S. economy is in much worse shape economically than it was just prior to the 2008 financial crisis and so now the next financial crisis, which the Fed has created, is going to be much worse than the last one.”

- Source, NewsMax

Deja Vu All Over Again

I forgot to mention that in 2001, before the Dow and the S&P collapsed, there was so much evidence that the market was in trouble as the Dot com bubble had already burst the year before, taking most tech stocks with it. But the rationalization at the time was that the problem was "contained" to that one sector.

Sound familiar? I also miss spoke when I said it was different in 2001. Actually it was very similar. It was 2008 that was different. I was referring to the dollar, oil, and the global economy, and I meant to say that while it was different in 2008 in that the dollar was at record lows and oil at record highs, 2001 was very similar to today, with the dollar very strong, oil very weak, and most of the concerns being about the global economy rather than the domestic.

But regardless of the similarities or differences, the outcomes where the same, just progressively worse. In that respect, history is about to repeat!

- Source

Fed is playing a "dangerous" game: Schiff

The Fed funds futures are now pricing in a nearly 70 percent chance of a December rate hike, but one market pundit insists it's not going to happen.

On CNBC's "Fast Money," longtime Fed critic Peter Schiff said Janet Yellen is doing nothing more than kicking the can down the road. He spoke after the release Wednesday of the minutes from the Fed's October meeting. The minutes signaled hawkish sentiment for a rate hike next month.

"According to the minutes, a rate hike has been a possibility all year long and it hasn't happened," Schiff said. The statement put a particular emphasis on economic data between now and the next meeting. "I don't see how that's any different than anything they've said all year round and how people could read those minutes and jump to the conclusion that a rate hike is a lock."

Instead, Schiff believes that the Fed is simply suggesting it will hike because Yellen does not want to admit that the "economy is decelerating." The contrarian pointed to weak earnings from major retailers as just one indication of an economic slowdown.

- Source, CNBC