Peter Schiff on Townhall

  • Symptoms Don't Lie Sun May 12
    Peter Schiff
    When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments.Although our government-supplied data suggests we are experiencing low inflation and modest economic growth, the economy shows symptoms of low growth, rising prices, and diminishing purchasing power. ... more
  • Peter Schiff
    Economists who have staked their reputations on the efficacy of Keynesian growth strategies have argued that such changes will more accurately reflect the realities of our 21st century information economy. But their analysis ignores the failures so often associated with R&D and artistic productions. ... more
  • Peter Schiff
    It should be obvious to anyone with even half a brain that Japan's prior experiments with ever larger doses of quantitative easing have failed. Leaders in both Japan and the United States, however, are following this path with reckless abandon. ... more
  • Peter Schiff
    The tidal wave of selling would be expected to be the coup de grace for gold's glory years. While this neat narrative may be sufficient to convince the financial media that an historic shift is underway, wiser minds will see more nuance. ... more
  • Peter Schiff
    Here's a 50-gram gold bar that can be broken into 1-gram segments without any loss of material. ... more
  • Peter Schiff
    Stockman's NYT piece offers a litany of objectively dismal facts and cogent explanations of how we got here. While most are celebrating the nominal high of U.S. stocks "Real median family income growth has dropped 8 percent, and the number of full-time middle class jobs, 6 percent. The real net worth of the 'bottom' 90 percent has dropped by one-fourth. ... more
  • Peter Schiff
    Despite official protestations to the contrary, this fallout will spread to a bank near you. ... more
  • Peter Schiff
    Investing in stocks is supposed to be a way to harness real economic growth, not a way to front run stimulus. Our advice for stock investors is to recognize that and to get as far away from artificially induced highs as possible. ... more
  • The Stimulus Trap Wed Mar 27
    Peter Schiff
    It may sound absurd to those of us who remember the economy before the crash, but our new economy can't tolerate "sky high" rates of four or five percent. What would happen to the housing market and the stock market if interest rates were to return to those traditional levels? The red ink would flow in rivers. ... more
  • Peter Schiff
    Many analysts have characterized the February numbers as a "Goldilocks" report that is good enough to signal growth but not so good that it will encourage the Fed to dial down its stimulus. This is optimism in the extreme. Whenever anyone mentions Goldilocks, it's good to start looking for bears. ... more
  • Peter Schiff
    Many have dubbed the last decade or so to be an era of easy money. As it turns out, that characterization may have been premature. Based on the new crop of central bankers who are primed to take control of the world's financial system, the age of truly easy money may be just getting started. ... more
  • Peter Schiff
    Growing rumors last month of a potential "tightening" of monetary policy - seemingly confirmed by the Fed minutes released on Feb. 20th - have spooked the precious metals markets, leading to a 5.8% correction in gold and 10.2% in silver. However, these fears are preposterous on two counts. ... more
  • Peter Schiff
    In contrast to the permanent and ongoing bond-buying quantitative easing programs underway in the U.S. and Japan, the Bank of England has engaged in such measures only selectively. ... more
  • Peter Schiff
    In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street: mess with the bull and get the horns. ... more
  • America
    Peter Schiff, CEO of Euro Pacific Capital, asks the CNBC panel, "What's fair about that when medieval serfs pay 25%, I'm paying half? ... more
  • Katie Pavlich
  • Katie Pavlich
  • Peter Schiff
    No investment, whether it be in stocks, bonds, real estate, or lemonade stands, can hold up well if the currency in which it is valued takes a tumble. It always surprises me that most US investors still fail to take currency into account, and in particular their potentially overweight exposure to the US dollar. ... more
  • Peter Schiff
    It's important to understand the fundamental reasons for owning gold, and those reasons have not changed. The US government embarked on a decades-long spending spree of historic proportions. To finance the resulting debt, the Federal Reserve is printing money furiously. ... more
  • Mike Shedlock
    Prior to the Great Financial Crisis I had a bet with "Heli-Ben", a staunch hyperinflationist who insisted we would hyperinflation before deflation. I won the bet but have not yet received my prize, a "crying towel" from "Heli-Ben". ... more
  • New York
    Investor Peter Schiff says the American economy is addicted to quantitative easing. ... more
  • Townhall.com Staff
  • Peter Schiff
    But the real crisis is not, nor has it ever been, the debt ceiling. The crisis is the debt itself. Economic Armageddon would not have resulted from failure to raise the ceiling, but it will come because we succeeded in raising it. This outcome falls along the lines that I had forecast. ... more