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By Peter Schiff As attention focuses intently on the negotiations to raise the debt ceiling, House Republicans have made a great show of drawing a line in the fiscal sand. They claim that they will not vote for any deal that includes tax increases to narrow the budget deficit. But we all know how the […]
Michael Pento’s Market Commentary Those who take issue with the outlook of Austrian economists in general, and Euro Pacific Capital in particular, have pointed to the persistence of low bond yields as proof that our philosophy does not hold water. We argue that as the United States takes on ever more debt and prints greater […]
By Peter Schiff Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, “that’ll be a tenth ounce silver.” As the US dollar’s decline accelerates, several efforts around the country are trying to make this vision a reality. Historically, paying for items in silver or gold […]
The following article was written by Mary Anne and Pamela Aden for the July 2011 edition of Peter Schiff’s Gold Letter. The answer is no. Even though gold is currently under pressure, the major trend remains up and the fundamentals are still very positive.
Michael Pento’s Market Commentary For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of public and private pension plans, and the reliability of national entitlement programs […]
Michael Pento’s Market Commentary As the U.S. economy seemingly limps out of the Great Recession most analysts now assume that the Federal Reserve will soon join the tide of other central banks and bring an end to the current era of unprecedented monetary expansion. Markets expect that Fed will begin withdrawing liquidity this summer, not […]
By Peter Schiff Economic data over the past weeks, punctuated by last week’s dismal employment reports, confirm the diminishing impact of the stimulus efforts orchestrated by the Obama Administration and the Federal Reserve. In what must be a huge disappointment to Keynesian enthusiasts, the record doses of both monetary and fiscal narcotics did not produce […]
By Peter Schiff My readers are familiar with my forecast that the US dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other […]
The following article was written by Mary Anne and Pamela Aden for the June 2011 edition of Peter Schiff’s Gold Letter. Volatility infected silver in particular. As it approached its old record high, investors got nervous and it dropped some 27% in just one week. But considering silver has soared over 1,000% over the past […]
Michael Pento’s Market Commentary The artificially engineered U.S. recovery is already starting to falter as a continuous procession of disappointing data continues to confirm the sad truth. Recent numbers on GDP, durable goods, housing, regional manufacturing, initial unemployment claims and leading economic indicators all indicate a sharp slowdown in GDP growth. Just today the ADP […]
