Federal Reserve: Trapping People In Money-Losing Investment

Related ETFs: ProShares UltraShort Lehman 20+ Year ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT);

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

GDP: Biggest Contraction in 58 Years

2.9 percent is the biggest quarterly contraction in a non-recessionary period (according to the government we are not in a recession), the biggest decline in 58 years! In almost 60 years we had not had a quarter this weak.

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY);

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

Americans May Not Be Able To Afford Higher Gasoline Prices

American consumers are already tapped out, they are loaded up with debt, they have part-time, low paying jobs and americans drive a lot. I mean, more than any other people we a re dependent on our cars. We don`t have a really great public transportation system, a lot of americans have to drive a long way to get to their low paying jobs and they may not be able to afford higher gasoline prices.

Related: Valero Energy (VLO), Tesoro Corporation (TSO)

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

Higher Crude Oil Prices Will Affect The Global Economy

I am bullish on oil anyway. I think the price of oil is going up regardless of what happens in Iraq. But to the extent that Iraqi production is disrupted by civil war, that is only going to be more bullish for the price of crude oil. And it is going to affect the global economy because its going to be more expensive and that`s going to be a negative.

Related stocks and ETFs: United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), Energy Select Sector SPDR ETF (XLE);

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 Is Not Worried About Inflation, Yet

Janet Yellen is still worried that inflation is not moving up fast enough. Tell that to the housewives who are shopping for groceries.

Related: Dean Foods Co (NYSE:DF), ConAgra Foods Inc (NYSE:CAG), Whole Foods Market, Inc. (NASDAQ:WFM)

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

Bitcoin: It`s Not Going To Work

I do not think that this experiment is going to work any better than the fiat experiment. We will see, the market will tell. Because I think there is going to be lots of others digital currencies, there already are. and I think eventually there will be a digital currency backed by gold. I think when you have a digital currency backed by something that is better than a digital currency backed by nothing.

Related: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Bitcoin ($BTCUSD)

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

Digital Currencies, Bitcoin, Twitter & The U.S. 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.

The British Pound (GBP) Is Breaking Out

The British Pound is at a 6 year high high. The U.S. Dollar is hitting a 6 year low against the pound.

But why is the British Pound now breaking out? Because they are talking about raising rates and talking about not doing more QE. And they did at least a modest  amount of austerity, it did do some cutting. Not as much as they should have, but at least they did some. We didm`t do any. We kept on stimulating.

And I remember guys like Paul Krugman being critical of the United Kingdom, saying, "they are doing it wrong". Well, the market is voting that they are doing it right.

Related: GBP Futures, GBPUSD Forex Cross;

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

Why Jobs Are Declining In America

Jobs are declining because the Fed is flooding Wall Street and the government with cheap money and there is no capital flowing to Main Street.

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY);

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

Loading Up On Gold And Silver

How can anybody not want to be loading up on gold and silver and getting the hell out of the U.S. Dollar when you have got this type of nonsense, when you have so many people worshipping at the alter of inflation?

Inflation is great, inflation is a good sign, the more the better, its the icing on the cake. Trying to get us to believe, to accept this nonsense that inflation is a good thing.

Related stocks and ETFs: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Hecla Mining (NL), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), Nymex Gold Futures ($GC_F) ;

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

Inflation Is Already Taking Off

Even with the government`s own measures that are low, the number is now 2.10 percent which is now above the so-called 2 percent target that the Federal Reserve has established, that the Federal Reserve said it is trying to reach. Well, like the bank of Japan (BoJ) it has now exceeded its target, although the Fed somehow is still going to pretend that is below target.

This trend is going to continue and we are going to leave 2 percent inflation further and further in the rearview mirror.

Related stocks and ETFs: Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV);

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

If The Fed Removes All the Monetary Props Beneath The Market

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY);

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: Gold & Housing Market Outlook

Related ETFs: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

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

On The Verge Of A Financial Crisis

Related ETFs: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY);

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

Taxing Americans Through Inflation

Who gave the Fed the authority to tax the average American 1,000 dollars a year, through 2 percent inflation? - Steve Forbes in Schiff Radio 

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

A False Belief Is Driving The U.S. Markets

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY);

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

Oil Prices Are Going Higher

We have broken out decisively and the path of least resistance is up. Of course, if we do get any kind of disruption of these oil wells in Iraq, its going to be way up. But even if nothing bad happens there, prices are still headed higher.

Related: Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), United States Oil Fund LP ETF (USO);

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

What`s Driving Oil Prices Higher?

Tensions in Iraq are driving up the price of oil. Don't get mad, get in on it - as I have often advised.

Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)

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

Markets Are Riding The Wave Of Cheap Money

The markets are driving the wave of all the cheap money. That`s what is driving the markets.

But it is not a healthy rally because the only reason that stocks are going up is just that the value of our money is going down.

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ),

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

Certain Companies Will Benefit From Inflation

Related ETFs: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Market Vectors Gold Miners ETF (GDX)

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

Countries Are Inflating Their GDP`s

Related: SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM)

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 Cheap Money Is Harming the U.S. Economy

The stock market is a function of the QE, of all the cheap money. the same cheap money is really making it impossible for the U.S. economy to create the kind of jobs, quality jobs that most americans need.

We have regained numerically the jobs that were lost since the beginning of the Great Recession but they are not the same jobs, the jobs that we are creating pay a lot less than the jobs that were destroyed. In fact, many of them are part time jobs.

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY);

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

Minimum Wage Laws: Bad Policy

Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job.

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 Stock Market Is A Function of 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.

Bitcoin Is A Bubble, Prices Are Going Down

I still think bitcoin is a bubble, I still think the price is going down.

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: Hidden 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.

Forex Outlook: EURUSD

The problem is as much inflation as Europe is going to create, America is going to create even more. So, as bad as the Euro currency might be, the U.S. Dollar is worse.

Related: EUR/USD, EUR Futures, SPDR Gold Trust ETF (GLD);

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

Trade Deficit & Q2 GDP Report

This month's trade deficit, 6.2 billion dollars higher than expected, will really take a bite out of Q2 GDP.

Related ETFs:  iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY)

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

Foreign Stocks, U.S. Stocks & Real Estate Prices

Foreign stocks are doing quite a bit better than U.S. stocks. If you just own foreign stocks, you are probably doing OK. But if you have a typical U.S. stocks portfolio that it is not just the Dow Jones, chances are your stock portfolio is worth less today than it was at the beginning of the year which means that the wealth effect that Janet Yellen was counting on to power the U.S. economy its not there when it comes to stocks. And I don`t think its there when it comes to real estate either, because I think real estate prices are off this year.

Related: iShares MSCI Emerging Markets Index ETF (EEM), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P Homebuilders ETF (XHB)

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

Stock Market: Hidden Weakness

In fact the vast majority of stocks, I think are down on the year. If you look at the Dow, you are talking about 30 stocks, but if you look at the Russell 2000 Index, obviously you have 2000 stocks there and a lot of those stocks are down quite a bit this year, some of them are down more than 10 percent. 

So, just looking at the broad averages does not give you a real picture of what is going on in the stock market because I think most people I would guess, their portfolios are down on the year.

Related ETFs: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM)

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

Momentum Stocks Will Continue To Trend Lower

Related stocks and ETFs: Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Netflix (NFLX)

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

Central Bankers: "We Need More Inflation!"

I have never seen a situation where politicians and bankers would publicly admit how much they want to create inflation. See, they normally want inflation but normally they are not honest about it. They lie about it, they don`t even like to use the word inflation. They say, monetary stimulus, we need a demand boost or they have some kind of code word for inflation, I mean, Quantitative Easing, that is an euphemism. The government wants inflation but they call it quantitative easing.

But this is the first time that you really see politicians and more importantly central bankers, the people who are theoretically been entrusted to safeguard the purchasing power of our money, these guys are now saying that we need more inflation.

Related ETFs: iShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

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

Consumer Spending: Biggest Decline In 5 Years

One fact that I did not point out about the drop in consumer spending in April is that drop from March to April was the biggest monthly decline since 2009. That was the depth of the great recession.

Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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: Where Is The Bounce Back?

So, what do we got? We got the consumer not earning as much as we thought, spending dropping, inflation picking up...

How is this going to lead to this big surge in the second quarter GDP?

Seventy percent of the GDP number is consumer spending and consumers spent less in the first month of spring than they did in the last month of winter? Where is the bounce 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.