Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Peter Schiff: This Is a Phony Recovery (Video)

  by    3   0

Peter Schiff appeared on Fox Business this week and the first thing he did was talk about how good gold investments are doing, saying they are “the best…doubled or more.”

He then launched straight into the reason why. The economy is a mess.

If this economy wasn’t a disaster, Trump wouldn’t have the support that he does. Neither would Bernie Sanders. This is a phony recovery.”

Peter pointed to the horrible year retailers are having to boost his case, hit on the “auto bubble,” and went on to talk about what’s going to happen when the Federal Reserve is finally forced to acknowledge that we are in a recession.


Highlights from the interview:

“The gold investments are obviously doing the best…doubled or more.”

“Goldman Sachs came out today and updated Newmont Mining from a hold to a buy. Newmont has already doubled this year, and now they’re saying buy it. They’re actually not late because I think it’s going much, much higher.”

“This is just getting started. These gold stocks are just recovering ground they never should have lost.”

“I don’t know why anyone is surprised about these bad numbers coming out of Macy’s. The retailers have been reporting terrible sales all year. The consumer is broke, we are back in recession. That’s why Trump is the nominee. That’s why Bernie Sanders is beating Hillary Clinton in all these primaries, because the voters know how awful this economy is. They don’t have any money left to spend.”

“If this economy wasn’t a disaster, Trump wouldn’t have the support that he does. Neither would Bernie Sanders. This is a phony recovery. “

Download Free: SchiffGold’s Guide To Tax-Free Gold & Silver Buying

“That is the next big thing – when the Fed has to capitulate and acknowledge that we’re back in recession, because that’s the last thing Janet Yellen wants to do.”

[Responding to question asking how $17 million cars sold is a phony economy] “Because it’s a bubble. You look at the terms that these cars are being sold on. And of course, a lot of young people are buying cars because they still live with their parents. That’s the only thing they can afford. You know, a lot of people are living out of their cars.”

“[The next big danger to the economy] is going to be the revelation that the recovery is over and we’re back in recession. And instead of rate hikes, the Fed is going to cut. The Fed is going to do QE4. And they may even go negative. You’ve got your gold dress on for a reason.”

Get Peter Schiff’s most important Gold headlines once per week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Peter Schiff: Biden Putting America at Risk to Prop Up His Own Image

Even as the August inflation data was coming out higher than expected, President Joe Biden was bragging about his “Inflation Reduction Act.” Peter Schiff appeared on NewsMax and argued that the president is putting Americans at risk just so he can improve his image as we approach election time.

READ MORE →

Peter Schiff: The Fed Is Spitting into the Wind

The CPI for August came in hotter than expected, ratcheting up anticipation of another big Federal Reserve interest rate hike at the September FOMC meeting. Peter Schiff appeared on the Claman Countdown on Fox News and explained why these rate hikes are too little too late. In fact, the Fed is basically spitting into the […]

READ MORE →

Peter Schiff: Student Loan Forgiveness Is Pure Inflation

Last week, President Joe Biden announced a student loan forgiveness scheme. Peter Schiff appeared on NewsMax Real America with Dan Ball to talk about the cost of forgiving student debt and the growing recession. Peter said that despite all of the claims to the contrary, this is just going to add to the inflation problem.

READ MORE →

Peter Schiff: Joe Biden’s Unwarranted Inflation Victory Lap

Peter Schiff appeared on the Newsmax Saturday Report along with former Rep. Peter King (R-NY) to talk about President Joe Biden’s unwarranted inflation victory lap. The CPI for July came in slightly cooler than June’s sizzling 9.1%. But even at 8.5%, CPI remains near 40-year highs. But Biden focused on the unchanged month-on-month CPI to […]

READ MORE →

Peter Schiff: The Worst of Both Worlds — Inflation and Recession

The CPI cooled in July. The White House and others in the mainstream continue to insist there is no recession. Is everything looking up? Peter Schiff was on Fox Business with Liz Claman, Kenny Polcari (Slatestone Wealth Peak Market Strategist), and Teddy Weisberg (Seaport Securities) to discuss the Fed’s attempt to fight the inflation it […]

READ MORE →

3 thoughts on “Peter Schiff: This Is a Phony Recovery (Video)

  1. Jonathan says:

    Liz Claman is about as informed as the rest of the shills that peddle the gatekeepers’ perma-bullish message each day on bubblevision. Another dumb bunny who dares go toe to toe with Peter, sorry Liz, you’re out of your depth, as usual… freaking hilarious.

  2. Larry Rojas says:

    Okay, there’s a lot of information out there that it’s making my head spin. I am siding with Peter, who has nailed it with his assessments. My question, is it a good time to get into a mortgage debt? Should I wait? I have been looking to buy a house, but with all this talk about an implosion, I dont know if that will make it better, or worse to get into a mortgage debt. Interest rates is great, and I can afford a mortgage, but im torn. Im in the “Analysis paralysis” stage right now.

    • lin says:

      If your job is secure…the mortgage rates are great now…go ahead and invest in a home…better than the market! and you can reap the equity later also.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Call Now