Peter Schiff On The Economy, Gold, and the Coming Collapse of the Dollar
Peter Schiff is the Permabear who appears on all the financial shows as a foil to all the optimistic pundits. He’s told his clients to short sub-prime mortgages when everyone was buying, he told people to get out of tech stocks in 1998 and 99. Every financial call Schiff has made has turned out to be right, and this time he’s saying the stock market is headed even lower, gold prices are headed up around $1,500 by the end of the year, and at the minimum, the dollar will lose another 40 to 50 percent of its value. Schiff thinks we’re headed for a period worse than the Depression.
Schiff said, in a recent US News and World Report article:
“There will be a big increase in crime. People are going to be hungry. People are going to be cold. There’s a sense of entitlement in this country, and when a lot of people used to having things suddenly don’t, everybody looks for someone to blame. We’re going through a very rough period in our history.”
Arthur Laffer makes a 1 cent bet with Peter Schiff back in 2006. Schiff, of course, won.
Check out a whole slew of Peter Schiff videos, with tons of valuable information:
Peter Schiff talking on Bloomberg about the Moral Hazard and monetary policy.
Peter Schiff talking about the true definition of inflation on my favorite show, Squawk Box, back in 2006.
Here is the economic debate that the people should have heard, not McCain vs Obama, it’s Peter Schiff vs Stephen Leeb.
Schiff talking about where to be when the deep badness comes: Gold, euro stocks, etc…stay away from the dollar.
Peter Schiff talking about a possible mega-panic worse than 1987.
Schiff talking about Ben Bernanke willfully lying to the American public, and the failure of the current interventionist policy.
One of the best videos, Peter Schiff laying out exactly what the problem is and what the solution is. Well done.
Every time Peter Schiff appears on TV, other pundits always seem to get upset, and it invariably turns into a screaming match, but he’s always right. Time has always proven him correct, consistently on almost every call he’s made. Learn from it, realize it’s happening, and most of all, take his advice, buy gold and Euro stocks and foreign currency. His track record speaks for itself, it’s just Common Sense.
It is amazing to me that these guys are experts like Arthur Laffer which is totally wrong in every aspect of our economy should give up his job as an expert economist and I feel sorry for the people he made investments for. and should apologize to Peter Shiff on air and pay him that penny Diane Swonk cannot see what the Federal Reserve was manipulating on markets she so gullible to believe everything the Federal Reserve says and it’s funny to see both of these peoples views today and people should call them on it . At least we know who to stay away from and not to listen to when it comes to our economy.
Peter Schiff is such a wise guy. He should’ve been in Alan Greenspan and Paulson’s position to guide the US to safety. Instead the US have had Clowns at the helm and now all it’s 300 million people are going to suffer terribly for it.
So-Called President Bush brought all of this on the US thanks to his “wars” on terrorism and Iraq, and not looking out for the good of his people and country, like he was elected to do.
Very irresponsible governance.
USA needs an uprising of young people that are concerned for their future and do something about this issue.
DO SOMETHING AMERICA!!!
This is a very nice selection, I watched all video’s here and now finally I think I am really getting the whole picture (even tho Peter does not have the complete view)…
To EVERYONE: watch these video’s!!
Yup, no doubt about it. Hoard your cash now, Dont sell any jewelry just yet cause Gold will surpas $1000 an ounce for sure. Just a matter of time. Thank you Dictator Bush!
Jiff
http://www.privacy.es.tc
I don’t think Laffer has a penny left to be honest!
I love when people just blabber on with run on sentences and very long winded statements that just mention a bunch of jibberish that means absolutely nothing.
Peter Schiff=awesome. the way he keeps a cool head even when debating with people who don’t use facts correctly, don’t stay on point, and can’t substantiate that arguments beyond “that’s the norm”, is basically god-like.
I wish I could support that Paul campaign, he would be a great economic advisor for our country, but Paul is discriminatory and too strictly constitutionalist.
why is everyone arguing with the guy who is right? how are they benefiting from ignoring the truth? cause seems to me corruption is deep.
Dido,
It just goes to show how many experts don’t know about what they supposedly know. I hope that this message will reach enough people to help avoid the upcoming depression. It is going to be ugly. The market closed worse on the passing of the 700 billion dollar bailout, then when it was rejected. The reality is that 700 billion more pieces of paper are being printed and going out to create higher (hyperinflation) inflation. If you don’t believe that it is coming, you can join in the penny acquisition from Arthur Laffer.
Here is a great video that Peter asked me to spread around that shows his last battle with Don Luskin on Kudlow & Company on July 2, 2007. In this clip Peter lays the Coming Economic Collapse out cold and all everyone did was laugh and ridicule him. He was never invited back on the show since meanwhile Don Luskin is still a respected guest every week. Go figure!
It would be nice if you posted the dates of those videos!!
Thank you for that! An excellent compilation!