Monday, September 24, 2018

Peter Schiff: Out Of The Frying Pan And Into The Fire


"The irony of it is people who are worried about large deficits, unsustainable current account deficits, and interest rates being artificially low, and stoking runaway inflation, the people who are worried about those things and who are selling lira are buying US dollars. 

Well, that is jumping out of the frying pan into the fire, because whatever people are worried about happening in Turkey, it's going to happen in spades in the United States."

- Source, Peter Schiff

Monday, September 17, 2018

Peter Schiff: The Latest Jobs Report Was Anything But Strong


"So, we actually fired people in the month of August from manufacturing. 

So much for the manufacturing revolution. So much for how the tariffs are working and we're bringing our jobs back and American manufacturers are bringing back the jobs. 

Three thousand pink slips sent out in the month of August. So, this is bad news. If you're trying to hang your hat on the revival of American industry, of American manufacturing, we lost 3,000 jobs."

- Source, Seeking Alpha

Friday, September 14, 2018

Peter Schiff: Out Of The Frying Pan And Into The Fire


"All of the criticism that is being leveled against Turkey - that their deficits are too big, that they have a current account deficit, they're keeping interest rates artificially low, they're keeping interest rates below the rate of inflation - all of that criticism can be applied to the United States."

- Source, Peter Schiff

Thursday, September 6, 2018

Peter Schiff: Heading Toward A Bigger Crisis And The Same People Are Even More Clueless


"We're seeing a lot of warning signs people should be worried about, but again they're dismissing them, much the way they did 10 years ago You know, we're getting close to the 10-year anniversary of the 2008 financial crisis. Remember, the whole thing started in August of 2008. Here we are August 2018, 10 years later. I think we're heading for an even bigger crisis and the same people are even more clueless."

- Source, Peter Schiff