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Archive for the tag “Peter Schiff”

Worse Than Great Depression

We’re on the cusp of a massive housing market bust that could be worse than the Great Depression. That’s the assessment of Peter Schiff, who earned the sobriquet of “Dr. Doom” after he accurately forecast the 2008 stock market bubble.

Here Schiff discusses the dire state of the U.S. economy and explains how the federal government created a massive housing market bubble that they can’t fix, nor do they want to even try. Schiff is interviewed by Todd Sachs from Sachs Realty.

Are Governments Broke?

Contrary to popular belief, government coffers are not as stable as many would assume. Economist Peter Schiff bluntly tells London Real host Brian Rose that governments have no money.

“The government doesn’t produce, they’re not providing goods and services. All they do is print money,” Schiff says. “The government cannot support the people, it’s the other way around.” He explains further.

Gold is King

When the dollar became the world currency after World War II, the United States was the world’s richest creditor nation. We had massive trade surpluses and we were the leader in manufactured goods. The dollar was not only backed by gold, but also convertible into gold. Then, says financial commentator and economist Peter Schiff, we exploited the situation and began spending like drunken sailors. With growing concerns over the stability of the dollar, other nations began converting dollar reserves into gold, forcing President Nixon to delink the dollar from gold to the floating exchange rates that exist today.

Fast forward to today and reckless spending has amassed a record deficit exceeding $20 trillion, a scenario that doesn’t bode well for the dollar. “We are going to go back on the gold standard eventually,” Schiff says. “It’s not going to be our decision, but the market’s decision.” He tells us why in this virtual interview with Patrick Bet-David on Valuetainment.

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Bitcoin: The Wave of Future

When Facebook introduced Libra crypto currency, the move appeared to have merit as an option to paper money. But with politicians threatening regulation, Libra backers got scared and began to pull back in droves. Chances are, Libra will meet an untimely end.

Not so for Bitcoin, a crypto that’s been around for about 10 years. Bitcoin is mostly safe from government because it “lives” on thousands of individuals’ computers, so no government can stop it by pressuring any one company.

“It is the first currency we’ve ever seen that is decentralized. They’re threatened by it,” says Naomi Brockwell, tech reporter with an expertise on Bitcoin and blockchain. “They can’t shut it down.” Appearing on John Stossel on Reason.TV, Brockwell and investor Peter Schiff debate the Bitcoin issue.

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Bankers, Bullion And Pedo Rings

Mark Anthony Taylor is David, and Deutsche Bank, JP Morgan, HSBC and UBS are Goliath in this story about precious metals price rigging. Taylor is single-handedly trying to sue big banks to get back the money he lost due to the well known silver price manipulation schemes of Deutsche Bank and its collusion with other international banks. Taylor’s research has led him to the discovery of some tight connections between CEO’s of some of these criminal international banks – and well known criminals and convicted pedophiles like Jeffrey Epstein. More from the SGTReport.

It’s been 10 years since the 2008 financial meltdown. Money manager Peter Schiff warned the world about the last crisis and has a new warning about another coming financial crisis. Schiff says, “The problem is now we are on the precipice of a much bigger crisis than before. The next time, if they try to reflate those bubbles, which they will, it will be a spectacular failure because the markets are now prepared for the opposite. Everybody, right now, assumes the Fed is going to be able to keep raising rates. They assume they are going to shrink its balance sheet and that we have this booming economy that will never bust. When the Fed has to reverse course abruptly, acknowledge the underlying weakness that everybody has been oblivious to and they start cutting rates and launching another round of quantitative easing (money printing), I think the dollar is going to fall through the floor.”

On gold, Schiff contends, “People are going to be dumping their dollars and buying gold. . . . If you understood what the Fed was doing, you would be buying gold, but most people don’t understand.”

Join Greg Hunter as he goes One-on-One with Peter Schiff, founder of Euro Pacific Capital and Schiff Gold.

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Our $20 Trillion Debt Crisis

Why are so many people upset about plans to raise and remove the United States debt ceiling and why was it created in the first place?

Peter Schiff joins Stefan Molyneux to discuss the history of the debt ceiling, the consequences of eliminating it, shocking U.S. debt interest payments, the U.S. dollar losing 12% of it’s value since the start of the year, outrage over price gouging during the recent hurricanes, the value of a college degree and America’s economic future.

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 Chairman of Schiff Gold.

U.S. Facing Currency Collapse

Money manager Peter Schiff warns that the United States is headed for a currency collapse. And the main culprit, he says, is the debt ceiling. “This phony crisis, it’s not about not raising the ceiling. That’s the solution,” says Schiff, CEO and founder of Schiff Gold and Euro Pacific Capital. “The crisis is continuously raising it.” Schiff lays out a gloomy scenario for the economy in an interview with Greg Hunter on the USA Watchdog Channel.

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Devaluing Huan No Big Deal

China has rattled the global economy by declaring its very own currency war. Financial pundits are warning that China’s devaluation of the huan spells disaster for the American economy. Not so, according to Peter Schiff, author, financial analyst and CEO of Euro Pacific Capital. “There are a lot of problems for the U.S. but this is not one of them,” Schiff says. “China’s economy is not failing. This is a small devaluation–2 percent. The Chinese currency has increased in value dramatically over the past several years along with the U.S. dollar. So this move was motivated not by the exchange rate between the huan and the dollar, but by the huan and all the other currencies because the dollar is in a bubble right now. The dollar is very overvalued.” Schiff explains further to Newsmax Prime’s J.D. Hayworth.

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U.S. Facing Financial Calamity

Investment guru Peter Schiff says the financial problems plaguing Greece and Puerto Rico are eerily similar to ours here in the United States. “The reality is, we’re in worst shape than Puerto Rico,” Schiff tells Reason TV’s Matt Welch. “The debt to GDP there is only about 70 percent. Here’s it’s over 100 percent, and that’s just the tip of the iceberg. But the reason Puerto Rico has had to face the music, while we’re still dancing to it, in the United States, is because interest rates have risen in Puerto Rico and it’s the higher rates that create the problem. … The only reason we can pretend we’re solvent, is that interest rates here are at zero.”

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Bailouts For Billionaires

Six years ago when America’s banks proclaimed that everyone should have a mortgage, some think they had good intentions. But as history tells us, the housing bubble burst, sending these financial institutions reeling and extending their proverbial hand in search for a government bailout. Is this the right path for our governemnt? Join consumer advocate John Stossel and Euro Pacific Capital CEO Peter Schiff for some answers as they discuss bailouts and subsidies for the financially well-connected in this edition of Liberty Pen.

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