We Need To Glorify Profits

We need to glorify profits. Profit is the most important thing in the free market economy. We need profits. The more the better. Profits mean you are doing something right. Profits mean you are satisfying  the desires, the needs of your customers.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Alan Greenspan: U.S. Housing Bubble & The Berlin Wall

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

U.S. Economy: We Don`t Really Know How To Survive Right Now

Hyperinflation is going to be worse than default and restructuring, a legitimate deflationary collapse. The problem for the United States is that if we destroy the dollar`s value, and it is no longer the reserve currency, americans all of a sudden are in this shock therapy where we have to live within our means, we can only consume to the extend that we produce. Our productive capacity has been so diminished over the years, we don`t really know how to survive right now. We don`t have the factories, they are gone. we don`t have the skilled and trained workforce.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

An Economy That Lives By QE, Dies by QE

The Federal Reserve is saying that is only going to take away the punch bowl if the party keeps going. But the party is going to stop if it takes away the punch bowl. That is the predicament that is in. An economy that lives by QE, dies by QE.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Federal Reserve Can` t Remove The QE

It can`t remove the QE without removing the recovery and putting the economy back into a worse recession than before the Fed begun this experiment.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Federal Reserve Will Up The Dosage

The Federal Reserve is going to do the opposite of tapering. They are going to up the dosage.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: The Federal Reserve Will Do The Opposite Of Tapering

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

It`s Not The Debt Ceiling, It`s The Lending Ceiling

As long as the world is lending we are going to keep borrowing. So it`s not the debt ceiling, we will always raise that. It`s the lending ceiling, the eventual collapse is going to be imposed upon us from abroad. When the world does not want to buy our bonds anymore, then the dollar is going to crash. We are going to have a dollar crisis, we are going to have a sovereign debt crisis and the party will come to an end.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

U.S. Politicians Will Never Do The Right Thing Until They Are Forced To

I believe that is going to have to come from abroad. It`s going to have to be the pressure brought about by our creditors. U.S. politicians will never do the right thing until they are forced to. Why should they ever cut government spending if the world is willing to continue to buy our bonds?

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The World Is Sustaining America`s Artificial Lifestyle

We trade the world their valuable goods for the money that the Federal Reserve prints. And the only way we can continue to sustain this artificial lifestyle is as long as the world is willing to support it. The world has to be willing to loan us money but never expect to get paid back.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Yellen Was The Worst Choice

The reason I was so confident that the President would choose Yellen was because I believed of all the candidates in serious consideration, Yellen was by far the worst  choice. And I was very confident that President Obama would make the worst choice.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: Yellen, The Truth Behind The Myth

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

America Imports Valuable Consumer Goods And Exports Debt

We don`t have a balanced trading relationship. America imports all sorts of goods, valuable consumer goods and resources and we export debt, we export paper, inflation.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The U.S. Economy Has Lost Ability To Produce

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Federal Reserve Has No Exit Strategy

A) the Fed has no exit strategy and is more likely to expand its QE program than diminish it,
B) the U.S. economy is stuck in below-trend growth and possibly headed for another recession
C) America's refusal to deal with its fiscal problems will undermine international faith in the dollar;

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

As Long As The World Keeps Loaning Us Money, We Won’t Default

When creditors decide to not play the game, how do we pay back bond holders? Where do we get money to pay them back? We’re saying to the world, “As long as the world keeps loaning us money, we won’t default.”

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Obama Does Not Believe In Free Market Principles

President Obama is just as clueless. He is a marxist, basically. He does not even believe in free market principles even though he is supposedly the leader of a market based economy.

Schiff On Devil`s Advocate

Related topics: Barack Obama, George Bush, U.S. Economy, 2008 Crash, Housing Bubble

We Are In A Major Historical Gold Bull Market

When Goldman came out with that bogus call saying gold will head down after a deal, I criticized it immediately because the crisis for gold was not that they would raise the debt ceiling, but that they would not. What is bullish for gold is raising the debt ceiling because that means we get more government, we get more debt, and we get more inflation. That's bullish for gold.

U.S. Debt: As Long As The World Keeps Loaning Us Money, We Will Not Default

When creditors decide to not play the game, how do we pay back bond holders? Where do we get money to pay them back? We’re saying to the world, “As long as the world keeps loaning us money, we won’t default.”

Gold Is Used In Industry As Well

Gold is used in industry as well, just not as much as silver. Gold is used in a number of cellphones, albeit a tiny amount, as well as dentistry and also gold is used as jewelry. While jewelry is not money, people still adorn themselves with gold, and they will continue to do that even if gold is $5,000 an ounce.

Long Term Thinking Is Very Difficult For Politicians To Consider

So even though a reduction in government borrowing and spending does help the economy, it won't feel very helpful tomorrow. The more we borrow and spend today, the more we will suffer tomorrow when the bills come due. Ironically, cutting government spending now helps the economy by allowing the economic adjustment to happen sooner rather than later. But this type of long-term thinking is very difficult for politicians to consider.

Gold & Silver Are Heading To New Highs

Despite any efforts by Wall Street or the government to suppress these prices, if that were the case, the market will ultimately win as it always does. As a result, I believe gold and silver are heading to new highs - not only nominal highs, but I believe new highs adjusted for government measures of inflation.

The Federal Reserve Does Not Want Gold To Go Up

I certainly think the central bankers would prefer not to see silver and gold go up because it really is a thumbs down to their monetary policy, calling into question what they are doing. So there are certainly a lot of reasons for the Federal Reserve and Wall Street to want the price of gold and silver to go down.

The Debt Has Been Growing 4 Times Higher Than The Growth

U.S. GDP is measured at roughly $15 trillion per year. 2% growth means that each year the GDP is approximately $300 billion larger than the prior year. But in the less than five years since Obama took office, the federal government has added, on average, about $1.3 trillion per year in new debt, a pace that is four times higher than the growth.

Video: The Schiff Report (Gold, Yellen, Debt Ceiling)

Topics discussed: debt ceiling, Janet Yellen, gold market outlook;