Peter Schiff: This Crisis Will End Worse Than it Began

Peter Schiff: When Everything Blows, Gold Is Going Ballistic

"I think people are just completely clueless with respect to what's actually going on in the world. They don't understand the US economy; they don't understand the Fed. 

But they're about to get a rude awakening and the smart money is buying gold, whether it's being manipulated or not in the short run, gold and silver are both going way up in the long run. And the long run may be here much sooner than people think.

You want to talk about manipulation? It's the central banks that have been manipulating bond prices and interest rates, far more than traders were able to manipulate gold and silver. 

But I think the air is coming out of that bubble. And as this US stock market implodes, as more and more people realize that a massive recession that is even bigger than what we now call the Great Recession of 2008 is actually around the corner - and this credit bubble is far bigger than the one that popped in 2008, that one produced a financial crisis. 

This one is going to produce something much worse - So as people actually figure this out, they're going to be buying gold and they're going to be buying it in a big way."

- Source, Peter Schiff

Peter Schiff: Credit Bubble Bigger Deal Than Gold and Silver Manipulation

In this episode, Peter Schiff discusses his view that while there is manipulation in the gold and silver market that there are bigger issues taking place that will affect the price of gold and silver including the central banks manipulating bond and interest rate prices.

- Source, Schiff Gold

Peter Schiff: Next Round of Quantitative Easing To Send Gold To New Highs

Legendary investor, author, and Austrian Economist Peter Schiff was one of the economists who warned of the sub-prime crisis. BEFORE it happened. 

So we're fortunate that he was kind enough to join Inside the Markets to let our viewers know how the next crisis is going to unfold, and what investors would be well-served to do before it happens. 

Peter talks about the impact of the swelling supply of unsold homes, how it remains a mystery as to who will buy the U.S. debt, and the ongoing debate between President Donald Trump and the Federal Reserve. 

So if you were caught off guard the last time Wall Street collapsed and want a different outcome this time around.

- Source, Stock Pulse

Peter Schiff: Trump Backs down on Tariffs

The two things that everybody seems to agree were weighing down the markets were the Fed's relentless drive to normalize interest rates, and figure out where "normal" was, and, of course, the trade war - the threat of additional tariffs overhanging the markets. 

So I think it was pretty clear to President Trump who is hanging his hat on the stock market, has decided that the stock market performance is the best barometer of his Presidency. 

So the fact that the stock market was falling was really a big problem for the President so he had to do what he could to try to get the stock market to go back up.

- Source, Peter Schiff

Nothing Can Stop What Is Coming, The Probability Of Collapse Happening Is Increasing

Peter Schiff: It's not the end of the world, just the end of America

Peter Schiff: The Pundits Will Always Tell You to Buy the Dip

The Dow Jones dropped another 296 points on Friday. The Nasdaq is on pace for the largest monthly decline since the 2008 financial crisis. The Russell 2000 has dropped over 12%. And yet, everybody still seems to think everything is fine.

But as Peter Schiff said in his most recent podcast, nobody actually realizes when a bear market starts. When they finally do figure it out, it's too late. During the last two bear markets, the Federal Reserve has saved the day by re-inflating the bubbles. But Peter said the monetary magic isn't going to work this time around.

Peter had a feeling October was going to be a bad month. After the last Federal Reserve rate increase, he did a podcast and said it could be the hike that breaks the camel's back. He said he just didn't understand how the markets could ignore the rate increases, what was going on more generally with interest rates, the trade war, and the overseas markets that had already tanked.

It didn't make sense that the US markets could continue to defy gravity in the face of overwhelming negative evidence that was taking place. And it seemed to me that if the market was going to break, October was a pretty good time for that to happen, given the history we've had with October."

Peter said he doesn't see any indication that we've hit bottom, and yet, the market still appears to be complacent. Just look at the price of gold.

The price of gold is still creeping higher, but if there was more fear out there, if people were worried about the market, they would buying gold."

Peter said if you watch the financial news shows, everybody is saying there's nothing to worry about.

Which is exactly what they were saying before the 2008 financial crisis."

He pointed out that when bear markets begin, nobody realizes it's a bear market. A bear market is defined as a 20% decline. So, until stocks hit that level, it's not a bear. The pundits tell you to buy the dip.

So, whenever a bear market begins, all the perma-bulls say, 'It's a correction, buy.' Then, once the market is down 20% and we're in a bear market, then they say, 'Well, you know, it's too late to sell now. 

We've already had the bear market. Now it's time to buy more because we're about to have another bull market. So in other words, you never sell. You just hold forever and hope."

- Source, Seeking Alpha

Peter Schiff: The Fed's Monetary Magic Won't Work This Time

Peter Schiff discusses the supposed 3.5% GDP numbers that will more than likely be revised. The fact that even recessions have day's when the stock market rallies. 

More about the housing market getting hit hard, but also the companies that are casualties of a soaring home buying market. Mohawk Industries is such a company as are others.

Peter will also touch on 2018 permabulls, the reverse wealth effect as well as the criticism he gets for the assumption that he's "always" bearish on the stock market which Peter denies and notes times he was actually bullish.

- Source, Peter Schiff

Peter Schiff: The markets are going to collapse due to Fed raising rates

Euro Pacific Capital CEO Peter Schiff and Steven Quirk, executive vice president of TD Ameritrade’s trader group, on the Federal Reserve’s impact on the stock market and whether corporate earnings can help the market make a comeback.

- Source, Fox Business

Wages Are Rising, But the Cost of Living is Rising Faster

According to the Labor Department, the US economy added another 250,000 jobs in October. The unemployment rate held steady at 3.7%. Earnings took their biggest leap since 2009, rising 3.1% year on year.

Peter noted that everybody considered this a really good report, but we're working off a pretty low bar.

Two hundred thousand jobs a month in an economy the size of ours, especially given how few people, or what a large percentage of the workforce is not working, we should be creating a lot more than 200,000 jobs per month. But we're not."

The rising wages in the most recent report got a lot of attention in the media. But as Peter pointed out, the increase in wages is part of a broader increase in inflation. 

As we reported last week, US consumers face a wave of inflation. Everything from food prices to airline fares is going up.

Even though wages are rising for people that have jobs, the cost of living is rising faster. But the cost of servicing their debt is rising even faster than that."

Peter also said he thinks the wage increases might be fueling some of the volatility in the stock market.

Not just the wages going up, but all of the other prices going up that are driving interest rates higher. And interest rates are only starting to go up They're still ridiculously low, and they have no place to go but up, as long as the Fed stays out. And that's what they're doing. In fact, the Fed is going to continue to increase short-term interest rates, which means long-term interest rates should continue to move up even faster given how much higher inflation is going to go, because we're just getting started with inflation. We've barely seen what's coming."

Increasing prices is a direct result of a decade of Federal Reserve easy money policy. Over the last 10 years, the Fed has printed billions of dollars out of thin air.

- Source, Seeking Alpha

Peter Schiff: Jobs Are Another Bubble About To Burst

Two hundred thousand jobs a month in an economy the size of ours, especially given how few people, or what a large percentage of the workforce is not working, we should be creating a lot more than 200,000 jobs per month. But we're not.

- Source, Peter Schiff