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.

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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.

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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.

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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