Peter Schiff is the president of Euro Pacific Capital and the author of Crash Proof 2.0: How to Profit From the Economic Collapse and The Little Book of Bull Moves in Bear Markets.
National Bankruptcy![]() Hair of the DogNov 02 2009 The GDP numbers out yesterday, which showed economic growth at 3.5% in the third quarter, brought a deafening chorus from public and private economists who |
National Bankruptcy![]() King Dollar AbdicatesOct 24 2009 For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on |
National Bankruptcy![]() Ignorance Is BlissOct 16 2009 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 |
National Bankruptcy![]() The Recovery That Isn”tOct 02 2009 For those market boosters who are prattling on about the possibility of a “jobless recovery,” I offer an invitation to join me for a breakfast |
World![]() Pretense in PittsburghSep 25 2009 As another G20 meeting rolls around, this time on home soil, the time comes once again for the economically curious but politically unconnected to wonder |
National Bankruptcy![]() Lehman Bros. RevisitedSep 18 2009 As we pass the one year anniversary of the fall of Lehman Brothers, journalists, politicians and market analysts have seized on the occasion to offer |
Economy![]() Canary in the Coal MineSep 11 2009 Like a battering ram in a medieval siege, gold keeps hammering away at the gate. For the third time in less than twelve months, the |
National Bankruptcy![]() The Helicopter’s Second RoundAug 26 2009 Ayn Rand wrote, “when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed.” America is not yet |
National Bankruptcy![]() Appetite for DestructionAug 21 2009 After having given away billions faster than even the optimists had anticipated, it was announced today that the federal government’s “Cash for Clunkers” program is |
Economy![]() Big Government = Low WagesAug 14 2009 The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a |
National Bankruptcy![]() “Experts” Never LearnAug 07 2009 There is an inexplicable, but somehow widely held, belief that stock market movements are predictive of economic conditions. As such, the current rally in U.S. |
National Bankruptcy![]() The Recession is Finally Over (NOT!)Jul 31 2009 Have you heard the great news? The recession is over! It's true; I saw it on TV. Why fret about growing unemployment lines when banks |
National Bankruptcy![]() No ExitJul 24 2009 In a Wall Street Journal op-ed on Monday, and in congressional testimony later in the week, Fed Chairman Ben Bernanke reassured all that thanks to |
Politics![]() Prescription for DisasterJul 17 2009 The health care bill unveiled this week by the House of Representatives (with the full support of the Obama administration) is one of the worst |
Economy![]() Where Have All the Gas Pumpers Gone?Jul 10 2009 In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is |
Politics![]() Double Whammy”Obama Care & Cap-and-TradeJun 26 2009 Misguided government policies have already dealt vicious body blows to our economy, but that hasn’t stopped politicians this week from launching two new kicks to |
National Bankruptcy![]() Back in the U.S.S.A.Jun 22 2009 Harry Browne, the former Libertarian Party candidate for president, used to say: "the government is great at breaking your leg, handing you a crutch, and |
National Bankruptcy![]() Got Property?Jun 12 2009 "Crony capitalism" is a term often applied to foreign nations where government interference circumvents market forces. The practice is widely associated with tin-pot dictators and |
The Obamasphere![]() Charm OffensiveJun 05 2009 This week, Team Obama took their dog and pony show on the road. Treasury Secretary Geithner went to China, Fed Chairman Bernanke to Capitol Hill, |
National Bankruptcy![]() Obama Should Tell Cali to Drop Dead!May 30 2009 During the height of New York City’s financial crisis in the 1970’s, President Gerald Ford had the good sense to turn down Mayor Abe Beame’s |
National Bankruptcy![]() Housing: The Bubble That Hasn”t Burst (Yet)May 27 2009 While economists and real estate investors “celebrate” the slight deceleration in the pace of home price declines in the recent data, a quick look at |
National Bankruptcy![]() Who, Me?May 15 2009 When, during the invasion of Iraq, the United States Government issued its famous deck of playing cards with the 52 arch villains of the Iraqi |
Economy![]() Happy DaysMay 08 2009 Strike up the band, boys, happy days are here again! Recently released short-term economic data, including unemployment claims, non-farm payrolls, home sales, and business spending, |
National Bankruptcy![]() Maxed OutApr 24 2009 With much fanfare this week, Congress and the Administration began a series of actions designed to protect over-leveraged consumers from the high fees imposed by |
National Bankruptcy![]() Presidential ConsentApr 18 2009 In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated the support these policies enjoy by claiming, “economists on the left |
National Bankruptcy![]() Common Sense Bye-ByeApr 09 2009 Apart from the obvious financial distress that the current economic crisis has inflicted on most Americans, perhaps one of the more irksome byproducts of the |