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By Peter Schiff While it’s true that history repeats itself, the patterns should always be separated by a generation or two to keep things respectable. Unfortunately, in today’s economic world, it seems the cycle can be counted in months. On July 24, 2009, just as the Federal Reserve unleashed its first quantitative easing campaign (now […]
Michael Pento’s Market Commentary It seems the Fed has given up on the idea that the country can build a viable and stable economy through the conventional means. Instead, our central bank has resorted to once again growing GDP and increasing employment by the creation of asset bubbles. This is a dangerous game that no […]
By Michael Pento It seems the current Chairman of the Federal Reserve is of the belief that diluting the dollar is the cure for everything from a recession to male pattern baldness. And like other snake-oil salesmen before him, Mr. Bernanke is heavy on promises and light on results. Here are five prescriptions that money […]
By Peter Schiff As the world awaits another $500 billion flood from Bernanke’s printing press, central bank governors from Brasília to Tokyo are preparing to respond in kind. This is the monetary equivalent of a nuclear war, except instead of radiation, bombs of inflation threaten to make the world economy uninhabitable for saving and productive […]
The following article was written by Mary Anne and Pamela Aden for the November 2010 edition of Peter Schiff’s Gold Letter. October saw gold soaring to record highs while silver shot up even more, reaching a 30-year high. Yes, the stronger phase of the bull market is flexing its muscles. Gold’s exceptional rise has now […]
The following article was written by Mary Anne and Pamela Aden for the October 2010 edition of Peter Schiff’s Gold Letter. Gold’s strength is unusual. Just when we thought that gold was taking a breather from its stellar rise, it quickly turned up. Gold has already surpassed its June record high. Its decline through July […]
By Peter Schiff There has been so much discussion recently about “QE 2” that you would think the entire financial sector were about to embark on a transatlantic cruise. Unfortunately, they, and we, are not so lucky. In the year 2010, “QE 2” doesn’t refer to a sumptuous ocean liner, but a second, more extravagant […]
By Peter Schiff Much of the content of the latest Fed statement, released on September 21, echoes the central bank’s previous post-credit crunch pronouncements: there is still too much slack in the economy, interest rates are still going to be near-zero for an “extended period,” and the Fed will continue to use payments from its […]
The following article was written by Mary Anne and Pamela Aden for the September 2010 edition of Peter Schiff’s Gold Letter. Gold is looking good. Over the past few weeks, it surged from $1160 to near $1250. That’s an impressive 7.8% monthly rise, and even though gold is rapidly approaching its all time record high, […]
By Peter Schiff Gold first broke $1,200 on December 2, 2009; nine months later, instead of witnessing the birth of the full-on gold boom I have long anticipated, the yellow metal has gained a modest 4%. Fortunately, it has spent the summer solidly above $1,150, which should put to rest the claim that we are […]
