Monday, May 23, 2016

Trump just exposed America's dirty little secret: Schiff


Presumptive Republican presidential nominee Donald Trump just revealed an inconvenient truth about U.S. debt, the outspoken and often controversial Peter Schiff told CNBC in a recent interview.

Last week, Trump joined CNBC's "Squawk Box" to discuss a wide range of topics including U.S. debt, interest rates and replacing Fed ChairJanet Yellen. It was Trump's comments about potentially renegotiating the more than $19 trillion in U.S. debt and the sensitivity surrounding higher interest rates that raised eyebrows.

While some observers argued that Trump's approach could betantamount to a debt default, Schiff told CNBC the GOP nominee was fundamentally correct in his observation.

"Trump just admitted on CNBC that America has too much debt to afford a rate hike, and that he wants our creditors to accept less than 100 cents on their Treasuries," the Euro Pacific Capital CEO explained on CNBC's "Futures Now" last week. "In other words, Trump knows a U.S. government default is inevitable."

Last year, the widespread belief that the Federal Reserve would tighten monetary policy unsettled markets. Recently, soft economic data and turmoil around the globe have softened expectations of a rate hike. Still, Schiff said an eventual rate hike could leave the world's largest economy exposed to a growing risk.

"If rates go up, refinancing [debt] doesn't help. The only thing that helps is restructuring," said Schiff, who compared the situation to the crisis in Puerto Rico.

The commonwealth "can't pay because they are broke, well math applies on the main land just like it applies in Puerto Rico, we can't pay either," he said. "And if interest rates go up Donald Trump is right, we have no choice than to tell our creditors they are taking a big haircut," he added.

- Source, CNBC

Friday, May 6, 2016

Why gold is your safest and best bet!


Peter Schiff, Euro Pacific Captial CEO, discusses his bullish view on gold and why it is a safe bet for investors. Also, his perspective on the Fed and interest rates.

- Source, CNBC


Saturday, April 30, 2016

Why Economic Collapse Will Happen | Peter Schiff and Stefan Molyneux



The Dow closed above 18,000 on Monday for the first time since last July - but unfortunately that news isn't as positive as it sounds. Stefan Molyneux and Peter Schiff discuss the massive cracks in the world economic system, corporations defaulting on their debt, Saudi Arabia threatening to pull $750 billion in assets from the United States economy, the coming collapse in the health care industry, misleading employment statistics, the Panama Papers Scandal and the danger of economic collapse.

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.

Sunday, April 24, 2016

Peter Schiff to Goldman Sachs—you're wrong on gold!


Gold bug, Peter Schiff has a message for all the bears out there: You are wrong!

On CNBC's "Futures Now" recently, Schiff said that Wall Street firms, and Goldman Sachs in particular, which have issued bearish calls on the commodity for some time, are too pessimistic on gold's upside. The investor insisted those firms are missing the big picture when it comes to bullion, due largely to anticipated action from the Federal Reserve that Schiff believes is unlikely to materialize.

"They are still wedded to the old narrative. They still expect the Fed to raise rates three times this year. They will believe in this phony recovery. They still expect the dollar to continue to go up and they're wrong," the CEO of Euro Pacific Capital said. Goldman "is just as sure that gold is going to collapse now as they were back in December.


- Source, CNBC


Thursday, April 21, 2016

Peter Schiff and Harry Dent Debate on Economy Gets Molten Hot


Alex Jones hosts a heated debate between Peter Schiff and Harry Dent. Although these two agree on much, they have had fundamental differences in the past. 

This explosive interview is no different and sees Harry lose his cool.

Who will be proven right is still yet to be seen, only time will tell.



Thursday, March 24, 2016

Peter Schiff: Fed Only Delaying Financial Collapse!


Peter Schiff, CEO and chief global strategist for Euro Pacific Capital, is sounding the alarm bells once again. In a recent interview on Fox Business, Schiff warned that as long as the Federal Reserve keeps bluffing that it’s going to raise interest rates, its easy money policies have only delayed an inevitable financial collapse.

He went so far to say that there will be a stock market crash if Fed Chair Janet Yellen continues to pretend that the economy is in good shape by raising interest rates.


Sunday, March 20, 2016

The Death of Economic Recovery


The mainstream media continues to spread propaganda claiming that an economic recovery is underway in the United States. Peter Schiff joins Stefan Molyneux to discuss the current Federal Reserve policy, Janet Yellen's recent testimony, high black unemployment, the future of the China's economy, decades of stagflation in Japan, the fall of Puerto Rico, Brazil's economic death-spiral, plunging oil markets, using Gold to hedge against inflation and the future of the world economy.

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.


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