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Interviews

POSTED ON January 15, 2020  - POSTED IN Interviews

On Jan. 13, Peter Schiff appeared on RT Boom Bust with Bubba Horwitz to talk about the yuan, the dollar, the stock market and the US economy. Peter said the dollar is eventually going to collapse and it’s going to be a rude awakening for Americans.

The Chinese yuan has been gaining strength against the dollar in recent weeks, in part because of optimism that there will eventually be a resolution to the trade war. But the Chinese currency is still over 17% lower than it was when the US imposed its first tariffs. Does this mean the markets are cautiously positioning for a deal, or is there still skepticism about the phase 1 deal? Peter focused on the bigger picture.

POSTED ON January 13, 2020  - POSTED IN Interviews

Is now the time to get into gold? Peter Schiff appeared on Fox Business last week to talk about it with Charles Payne.

Peter said the current bull run in gold started about four years ago when the Federal Reserve started raising interest rates in 2015. Over the past four years, the price of physical gold has risen by about 50% and gold stocks have doubled that. In fact, the return on gold stocks has been about 50% better than the S&P500 as a whole over that time.

POSTED ON January 8, 2020  - POSTED IN Interviews

Gold has been surging since a US airstrike killed a prominent Iranian general. After Iran retaliated with missile strikes on US bases in Iraq, gold briefly pushed about $1,600 per ounce — an eight-year high.

Peter Schiff appeared on RT Boom Bust along with Bubba Horwitz on Monday to talk about the current geopolitical situation and its potential impact on the economy. He said tensions in the Middle East are increasing the risk premium, but there is a more fundamental reason gold is going up — Federal Reserve monetary policy. He also noted that the risks to the US aren’t so much military as economic. The US depends on foreigners buying dollars. Peter emphasized that gold is the best hedge in the current climate.

POSTED ON December 17, 2019  - POSTED IN Interviews

Peter Schiff recently recent sat down and talked to Daniela Cambone at Kitco News about the economy, politics, and gold. In part 1 of the interview, Peter said the Fed was not going to be finished cutting interest rates until it gets to zero. That will have serious ramifications for the US economy. With that in mind, Peter said now is the time to buy gold – before the masses figure out what’s going on in the economy and flock to the yellow metal.

POSTED ON December 12, 2019  - POSTED IN Interviews

The Federal Reserve held rates steady during the final FOMC meeting of the year, but the messaging turned out to be more dovish than markets anticipated, with the Fed signaling it will not raise rates at all in 2020. Stocks and gold both moved up on the news.

Peter Schiff appeared on Fox Business’ Claman Countdown along with National Alliance Security’s Andy Brenner and former Dallas Fed chief economist Michael Cox to talk about the Federal Reserve. Peter said Fed Chair Jerome Powell said “a lot of foolish things” during the post-meeting press conference.

POSTED ON December 4, 2019  - POSTED IN Interviews

Stocks closed out November on a high note with the hope of a trade deal fueling Wall Street. But is this warranted? And are consumers really doing a well as the mainstream would have us believe? Peter Schiff appeared on RT Boom Bust last week to talk about it. He said it’s all a house of cards and it’s going to come crashing down on American consumers.

POSTED ON September 18, 2019  - POSTED IN Interviews

Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash. The central bank successfully pulled this off after the 2008 crisis. By dropping rates to zero and holding them there for nearly a decade, and running three rounds of QE, the Fed has reinflated the real estate bubble, blown up a bond bubble and pumped up the stock market. But Peter said it’s not going to work the next time around. Instead, Fed monetary policy will tank the dollar and lead to an inflationary recession.

So, why can’t the Fed pull off another rescue? Peter explained why he thinks it’s not possible during an interview on the Tom Woods Show.

POSTED ON August 27, 2019  - POSTED IN Interviews

A couple of weeks ago, the yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years. This inversion of the yield sparked recession fears in the mainstream. But in an interview with Tom Woods on Contra Krugman, former Reagan administration Office of Budget Management Director  David Stockman said this is really a sign of a different problem. He said we’re actually in the mother of all bond bubbles.

Stockman said the mainstream is looking the yield curve inversion through the lens of conventional wisdom, but there is nothing conventional about the current financial situation.

POSTED ON March 19, 2019  - POSTED IN Interviews

Not too long ago, Peter Schiff said, “The rate hikes of the past have already guaranteed that the economy is headed for recession. It doesn’t matter whether they continue to raise rates in the future. The recession is a done deal.”

In a recent interview, economist and editor of the Gloom, Boom and Doom Report,  Dr. Marc Faber, expressed a similar sentiment, saying, “Forget about the coming slowdown because the economy has already been backing up for months and we’re likely already in a recession.”

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