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Peter Schiff has been in the financial media a lot this week, presenting his interpretation of US market volatility and what it means for Federal Reserve monetary policy. Watch a couple of his appearances here and here. Below is Peter’s thorough written commentary on the matter, originally published on Monday by Euro Pacific Capital. Find […]
In an attempt to stem stock market losses and stimulate a sagging economy, the Chinese central bank slashed its interest rate on Tuesday. As Bloomberg reported, it was the fifth Chinese interest rate cut since last November. The one-year lending rate will drop by 25 basis points to 4.6 percent effective Wednesday, the Beijing-based People’s […]
RT America hosted Peter Schiff and Mark Weisbrot from the Center for Economic and Policy research to discuss why the United States markets have been so volatile. While they both agreed that the US economic recovery has been poor, Weisbrot insisted that this is because the US government hasn’t done enough with its monetary policy. […]
Below is a short scene from Paul Krugman’s recent visit to the funny farm where they send Federal Reserve Chairmen when they retire. It’s an odd place, where the plants are overwatered until the ground is bare (but at least the gardeners are never out of a job). Meanwhile, the cows are shipped to China […]
Peter Schiff told Newsmax TV what he thinks is behind the big drops in the United States stock market recently. Unlike the mainstream financial media, Peter doesn’t think China has anything to do with yesterday’s volatility. Instead, he believes the markets are starting to wake up to the fact that the Federal Reserve is propping […]
Jim Grant appeared on CNBC this morning with an explanation of the underlying reason why United States stocks just plummeted. His core message is that capitalism requires both success and failure. When central bank monetary policy corrupts pricing as thoroughly as it currently has, it ruins the market’s ability to withstand healthy business failures. Grant […]
Chris Waltzek interviewed Peter Schiff on GoldSeek Radio a couple weeks ago and released the interview this past weekend. In the interview, Peter predicted the Dow Jones Industrial Average could be down 10% from its high before September. This morning, the Dow is down almost 10% on the year – more than 12% from its […]
Former Federal Reserve Chairman Alan Greenspan appeared on Fox Business this week with two strong messages for investors: 1. The United States economy is “extraordinarily sluggish,” and part of this problem is the massive amount of government entitlements. He pointed out that entitlements have grown nearly 10% a year for the past 50 years, no […]
This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Most people who buy physical gold and silver these days tend to be those who are worried about our financial system. They see unbacked, untrustworthy fiat […]
After the Federal Open Market Committee’s meeting yesterday, the markets finally started to wake up to the fact that Janet Yellen’s Federal Reserve has no clue when or how it will raise rates. Analysts are starting to realize what Peter has said before – how will the Fed deal with the next recession if rates are […]
