Thursday, January 23, 2014

Peter Schiff's Predictions and Warnings For Economy In 2014

Many families around the world are not only waiting and hoping for a complete economic rebound, but they are now wondering if this economic rebound will ever take place. Most people know that the shrinking numbers of unemployed citizens and increasing numbers of available jobs inside the United States are inaccurate and slightly manipulated. Now, most economists are paying attention to the link between the economic problems of the United States and how these problems are effecting the global economy and the stock markets.

The Business News Network interviewed Peter Schiff, CEO and Chief Global Strategist for Euro Pacific Capital, to talk about the direction of the global economy in light of the economic problems in the United States. The first problem Schiff addresses is how the majority of stock brokers on Wall Street are in denial. There is plenty of mixed data about an economic recovery, but the stock brokers remain hopelessly optimistic about this data. They claim the U.S. economy is a glass that is "half full", as they advise others to ignore all the bad elements. They fail to admit any good elements are the result of a government stimulus, also known as quantitative easing, and not from an economic turn around.

Some will argue that quantitative easing had been helping the economy grow, but Peter Schiff states this is only an illusion. Schiff states that quantitative easing does not offer long term solutions for legitimate economic growth. It is similar to placing a simple band aid over a serious bullet wound. He even points out that most of the jobs created in 2013 were temporary jobs, and that there were still more jobs created in 2012 than in 2013. Schiff explains that quantitative easing is stimulating the stock markets and real estates, but it is actually stifling the rest of the economy.

Peter Schiff also warns that more of the same issues are to still occur in 2014, as the U.S. Federal government will cut the stimulus by $10 billion. Chance are, the U.S. Federal government may just continue to repeat this cycle of bailing out the economy until they fully understand that these actions will keep the United States in a recession. If this cycle continues to repeat, the U.S. economy can implode worse than it did in 2008.

Finally, Peter Schiff recommends that anyone looking to rise above this flailing economy should invest his/her money in gold, silver, emerging markets, and in stocks and businesses that are in countries other than the United States. These actions can help individuals to help themselves, while the U.S. Federal government plans to cut back on quantitative easing and the strength of the U.S. economy continues to be exaggerated.

Wednesday, January 22, 2014

Gold Will Rise When the Fed Reverses the Taper (Video)

Peter Schiff appeared on CNBC’s Futures Now to explain the bullish case for gold in the face of ongoing money printing by the Federal Reserve.

People have sold off gold based on a false premise of a legitimate economic recovery and the Fed tightening. None of that is going to happen. We don’t have a legitimate recovery. The phony recovery is completely dependent on more QE, which is exactly what we’re going to get. Which is extremely bullish for gold. Cheap money is more bullish for gold than it is for stocks.

Wednesday, September 18, 2013

Peter Schiff: To Taper, or Not to Taper

Peter Schiff talks about Federal reserve decision on tapering of its quantitative easing. Initial fed plan was to invoke the taper in September if the economic data supports it. But the actual numbers are weaker than what the Fed anticipated when it first anounced the taper.

Wednesday, September 11, 2013

Peter Schiff: The Gold Price Will Soar When Investors Wake up

Peter Schiff told CNBC Futures Now that he believes that the gold is going for new highs. According to him the Syriam conflict does not have that much of an impact over the gold markets worldwide.

Tuesday, September 3, 2013

Peter Schiff: The Market That Lives By Q.E. Dies By Q.E.

The famous Peter Schiff talks about Federal Reserve's quantitative easings. He believes, that the feds have build a phony economy in the USA and according to Schiff's opinion they will keep inflating it

Thursday, August 22, 2013

Peter Schiff: First You Get The EBT Card and Then You Get The Women

Peter Schiff talks about the liberals and their impact on American economy and lifestyle. In his radio show, Schiff exposes the (new) American Dream: Surf, drink & hit on chicks while sponging off taxpayers.

Schiff talks about the young people that preffer to party, to live their lives on food stamps, and the only thing they don't want is to work.