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Peter Schiff

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Peter Schiff Warns This One Event Will Wipe Out Entire Generations of Retirees

By , Associate Editor, Money Morning -

peter Schiff warns

Outspoken economist Peter Schiff recently spoke about three catalysts that will combine to crash U.S. markets.

Here's what he's predicted...

Peter Schiff Is Touting His Own ACA Replacement Plan: "SchiffCare"

By , Associate Editor, Money Morning -

peter schiff

Euro-Pacific Capital CEO Peter Schiff has his own thoughts on the GOP's new healthcare plan...

It stinks.

Here's why the infamous contrarian investor thinks "TrumpCare" is doomed to fail and what should be done to replace the ACA instead...

Peter Schiff: Fed Will Revert Back to QE, No Matter What Yellen Claims

By , Associate Editor, Money Morning -

peter schiff

Legendary economist and Euro Pacific Capital CEO Peter Schiff claims the Fed has "weakened the U.S. economy."

He also predicts that the Fed will cut interest rates and go through another period of quantitative easing.

Here's why...

Peter Schiff: America Should Get Rid of Medicare and Medicaid

By , Associate Editor, Money Morning -

Peter Schiff

Contrarian investor Peter Schiff outlined his own plan for healthcare in America.

It calls for the immediate repeal of two programs that aid over 150 million people...

Peter Schiff: Fed's Economic Optimism Is Just Another Ploy

By , Associate Editor, Money Morning -

peter schiff

Well-known economist Peter Schiff is questioning the Fed's intentions.

He claims Yellen only raised interest rates to fool investors with false optimism.

Here's the Euro Pacific Capital CEO's proof...

Peter Schiff: Trump's Economic Plan Will Result in Massive Financial Crisis

By , Associate Editor, Money Morning -

Peter Schiff

Peter Schiff warns that there will be a massive financial crisis under a Trump presidency.

He blames the president-elect's fiscal stimulus plan as the root cause of the impending chaos. Here's why...

Peter Schiff: Americans Will Have a Horrible Christmas – and the Fed Is to Blame

By , Associate Editor, Money Morning • @TaraKateClarke -

peter schiff

Peter Schiff - renowned economist and the contrarian investor at the helm of Euro Pacific Capital - predicts Christmas 2015 will be far from merry and bright.

And the U.S. Federal Reserve's policies are to blame.

Here's what Schiff had to say Schiff said in an appearance on CNBC's "Futures Now" on Nov. 5...

Peter Schiff: "The Fed Won't Raise Rates, It's Part of the Bluff"

By , Associate Editor, Money Morning • @TaraKateClarke -

The Fed

An all-important U.S. Federal Reserve meeting on Sept. 16-17 will decide whether interest rates will be raised for the first time in nearly a decade.

But Peter Schiff, economist, best-selling author, and CEO of Euro Pacific Capital, doesn't think the Fed is actually even considering a rate hike, despite speculation.

In fact, he predicts the Fed may be forced into QE4. Here's why...

Peter Schiff on U.S. Dollar Crisis: "The Dollar Bubble Is Going to Burst"

By , Associate Editor, Money Morning • @TaraKateClarke -

Stock Market Crash

Peter Schiff, economist, best-selling author, and CEO of Euro Pacific Capital, believes a U.S. dollar crisis is underway.

"The dollar is very overvalued...and the dollar is a bubble," he told Newsmax Prime on Aug. 11. "This dollar bubble is going to burst."

Indeed, two weeks later and Schiff's prediction proved timely. The U.S. dollar index has suffered a fourth-straight loss, and U.S. markets have plummeted in the worst weekly sell-off in four years.

Many blame the surprise yuan devaluation. But Schiff believes investors should be worried about the United States, not China...

Symptoms Don't Lie

By , Contributing Writer, Money Morning -

A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools.

When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments.

This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the hook for treatment costs.

The same holds true for the U.S. economy. 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

If consumer inflation data were accurately reported, it would be revealed that much of the apparent growth is an illusion. Peter Schiff explains.

Peter Schiff: "At some point, the dollar has to give"

By , Associate Editor, Money Morning • @DavidGZeiler -

While the U.S Federal Reserve claims it needs to keep interest rates near zero to help the economy, renowned economist Peter Schiff says there's another reason.

According to Schiff, the Fed has little choice: If rates began to climb, the interest payments on the ballooning federal debt would explode making annual budget deficits far worse.

"We're now so addicted to debt that the highest rate we can afford is zero," Schiff, the CEO and chief global strategist of Euro Pacific Capital, told Casey Research chairman Doug Casey in a video interview published today.

"We pay about $300 billion a year right now in interest on a $16.5 trillion debt," Schiff explained. "What if, in two or three years -- and the debt is $20 trillion -- what happens if interest rates are 5%? Well, that's $1 trillion a year in interest payments."

This scenario is not at all far-fetched; the historic norm for interest rates is just below 5%, and rates in the early 1980s were triple that.

Another reason the Fed fears higher rates, Schiff said, is that it would probably bankrupt most of the "too-big-to-fail" banks that the government bailed out back in 2008.

"The only justification for keeping rates so low is that the Fed knows any increase in rates will collapse this phony economy and we'll be right back in recession," Schiff said.

To continue reading, please click here...

Peter Schiff: Thanks to QE3, We're All Screwed

By , Associate Editor, Money Morning • @DavidGZeiler -

U.S. Federal Reserve policies like QE3 are building up to an inflationary catastrophe, says economic expert Peter Schiff.

Schiff, the CEO and Chief Global Strategist of Euro Pacific Capital, made his remarks about the dire consequences of excessive quantitative easing in a video interview on Yahoo! Finance's Breakout.

Schiff said he has dubbed the Fed's third round of bond-buying, known as QE3, "Operation Screw" because "everybody's pretty much screwed if they own dollars."

He warned that the Fed can only continue its policies of buying U.S. Treasuries and mortgages by printing more money, and printing more money inevitably will drive much higher inflation.

"The Fed is now promising to print $85 billion a month," Schiff said. "That's over a trillion dollars a year. And I think that's just their opening bid."

To continue reading, please click here...

Peter Schiff: If You Think the Fiscal Cliff is Bad, Just Wait

By , Associate Editor, Money Morning • @DavidGZeiler -

Forget the fiscal cliff, says economic expert Peter Schiff. This country faces a far bigger financial crisis.

While the failure of Congress to act to prevent or mitigate the fiscal cliff - the combination of tax increases and federal spending cuts due to hit on Jan. 2, 2013 - would slam the economy hard, Schiff says it would be preferable to the crash he foresees.

"It's not because we go over this phony fiscal cliff, it's probably because we don't go over that one because the government cancels the spending cuts, cancels the tax hikes, and instead we end up going over the real fiscal cliff further down the road," Schiff told Breakout recently.

Schiff, the CEO and Chief Global Strategist of Euro Pacific Capital, said the real threat to the U.S. economy is "where interest rates spike and we can no longer afford to pay the interest on the enormous amount of debt we have."

To continue reading, please click here...

Is the Government Rehabilitating the Economy or Delaying the Inevitable?

By , Contributing Writer, Money Morning -

While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy that's deteriorating right before our eyes.

These myopic commentators seem to be simply moving past the now almost-universally held conclusion that, before the crash of 2008, our economy was on an unsustainable course. If these imbalances had been corrected, then perhaps I, too, would be joining in the euphoria. But evidence abounds that we have not veered at all from that dangerous path.

The U.S. Bureau of Economic Analysis just reported that consumer spending as a percentage of U.S. gross domestic product (GDP) has risen to 71%, a post-World War II record. This level is notably higher than other wealthy industrialized countries, and vastly higher than the levels sustained by China and other emerging economies. At the same time, our industrial output is contracting, our trade deficit is expanding once again (after contracting earlier in the year), and our savings rate is plummeting (after an early year surge).

To continue reading, please click here...

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