Wednesday, April 29, 2020

More Economic Struggles Over the Horizon


Peter Schiff discusses the markets during a global pandemic and how he sees this all unfolding in the coming months, to years.



Sunday, April 26, 2020

Peter Schiff: Is Recovering from Depression to Recession a Recovery?


Jobs numbers came out today and the news didn’t matter. Art Laffer knows there’s no free lunch - calls stimulus taxation. 

Nothing is as permanent as a temporary government program. S&P reaffirms US AA+ rating.

- Source, Schiff Podcast


Wednesday, April 22, 2020

Peter Schiff: The Tide is Out and Everyone's Been Swimming Naked


China cashing in treasuries for oil. Unemployment exploding. Bankruptcies and layoffs to continue. 

The old saying about the piper having to be paid is an old saying for a reason.

- Source, Schiff Podcast


Saturday, April 18, 2020

Peter Schiff: The Fed's Medicine Makes the Economy Sicker


Trying to fix this economy is like trying to unscramble an egg. 

Government short circuiting capitalism Investors will rush to sell and there won’t be any buyers. 

Politicians exploiting coronavirus to grab power, buy votes, hide blame.

- Source, Peter Schiff


Thursday, April 16, 2020

Peter Schiff: More QEs than Super Bowls


Another week, another multi-trillion dollar Fed program. Government spending has to be paid in either taxation or inflation and we’re about to pay for it in spades. 

Trump draining the whole country instead of just the swamp - will add more debt in 4 years than Bush did in 8. Unemployed will stay unemployed for a long time. 

We’re buying time before an explosive rise in gold prices. You can’t outperform a bubble. Betting against the economy is not the same as rooting against the economy.

Tuesday, April 14, 2020

Peter Schiff: Printing Money Doesn't Make Government Free


Full speed ahead to hyperinflation city. Congress passed a 2.2 trillion dollar bill and already want more. 

Employment is a hazard. Unemployment may become a gravy train. 

Inflationary pressure mounting as companies retool their factories to make masks, ventilators, sanitizer, and other coronavirus related products. 

Donald Trump is now the president of the United States AND the chairman of the Federal Reserve.

- Source, Peter Schiff


Friday, April 10, 2020

Currency Wars: The Rise of Hyperinflation


Larry Kudlow, Rick Santelli, and Peter Schiff Were Right. Make sure to watch the entire video. We saved the funniest part for last.

- Source, Peter Schiff