What Is Better For Greece

In an ideal world it might be better for Greece to leave the Eurozone. If they wanted to set themselves up as some kind of limited government tax heaven, some kind of bastion of free market capitalism in Europe. Then Greece would come back strong. But given the electorate there and the way the political winds are blowing, if they were to leave the Eurozone they would be even more to the left. They would be even more to the left. They would be even more socialist. But the problem is socialism only works in Greece as long as you have Germany`s money.

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: Greece Is Just A Sideshow

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: Governments Want To Inflate

Related trading instruments: 10-Year Treasuries, Gold Futures, SPDR Gold Trust ETF (GLD), 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.

Stock Market: The Day Of Reckoning Is Near

Topics: Greek crisis, savings, debt, malinvestment, stock market;

"Eventually the markets will rule (...) there will be a day of reckoning."

A must watch interview from Ron Paul.

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. Will Be In Another Recession Before The End Of The Year

Marc Faber shares the view that the Federal Reserve is not going to raise interest rates at all and that the U.S. Economy will be in another recession before the end of this year.

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

Federal Reserve: If They Raise Rates They Will Prick The Bubble

What the Federal Reserve is trying to accomplish is to pretend that its monetary policy has worked and that we have a legitimate recovery so they can actually raise interest rates when i fact they can`t do that because we do not have a real recovery. They have inflated a gigantic bubble and if they raise interest rates they will prick that bubble.

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: I Need To See Further Improvements Before Raising Rates

Yellen said, I need to see further improvements in the labor market before we begin to raise interest rates. Before we begin the first interest rate hike. In order for that to happen Janet Yellen is going to have to see more improvement in the labor market. If she really was planning on raising rates in September, that is in 3 months, how much improvement in the labor market does Janet Yellen really believe is going to occur in the next 3 months? I can`t imagine very much.

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: If The Economy Is Not As Strong As We Think...

Janet Yellen said in the Q&A that if the economy is not as strong as we think, then the interest rate hikes will have to come later, and they will have to be even less than we planned.

Related ETFs: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Entrepreneurship Is At Generational Lows Right Now

Entrepreneurship is at generational lows right now in the United States. Yes, you hear the stories of somebody that starts a social media company and becomes a billionaire but those are the rare exceptions. Most young people can`t afford to start businesses because they are loaded up with college debt.

Related stocks: Facebook (FB), Twitter (TWTR), LinkedIn Corp (LNKD)

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 Government Just Made The U.S. Dollar Even Less Desirable

As if the U.S. Dollar did not have enough trouble, the government just made the U.S. Dollar even less desirable by increasing the regulatory burden on everybody around the world that makes transactions in U.S. Dollars. FATCA, the Patriot Act and all those anti money laundering laws, it is very difficult now globally to bank and transact in U.S. Dollars.

Related trading instruments: EURUSD forex cross, USDJPY forex cross, AUDUSD forex cross, 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.

Consumer Comfort Index Is Making A Record-Breaking Losing Streak

Bloomberg`s Consumer Comfort Index fell to its lowest level since November, extending its record-breaking losing streak to nine consecutive weeks!

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.

U.S. Economy: Plunging Profits, Productivity & Rising Labor Costs

If you have plunging corporate profits, you have plunging productivity, surging labor costs, what would a rational person believe is likely to follow, layoffs! It has to happen.

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

Gold Market Outlook

Related trading instruments: SPDR Gold Trust ETF (GLD), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM)

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: A Declining Productivity Is Not A Good Sign

One of the worst pieces of news that came out was the revision to the first quarter productivity. It declined by 3.1%. That is a big drop. Remember this are back to back declines because we also had a decline in the forth quarter of last year. That has not happened since 2006!

Related Exchange Traded Funds: 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.

More Economic Data Pointing To A Recession

April Factory Orders: They fell by more than expected, 0.4 percent, year-over-year (YoY) orders are now down 6.4 percent and this the sixth consecutive month that Factory Orders have been down year-over-year (YoY). That has only happened in America during a recession.

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

Jobs Report, Economic Weakness & Interest Rate Hikes

Everybody is focusing on this great jobs report. Again, it is the jobs report that is the outlier. It is all the other economic data that shows just how weak the economy is. And the jobs report is only the outlier if you accept it on face value. Once you scratch beneath the surface, you realize just how weak the American labor market is and that is consistent with all the other economic data.

Despite that, everybody is saying, "Oh, this means we are going to get interest rate hikes, maybe June is back on the table." There is no way June is on the table. But now they are saying, "Oh, maybe it is going to be September."

Look, even the IMF came out this week and urged the U.S. Government (for the wrong reasons) but the IMF said, "Don`t raise rates until 2016."

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

QE Is Like Putting Out A Fire With Gasoline

Quantitative Easing (QE) is like putting out a fire with gasoline. You cannot put the fire out, you just make it bigger. The problem is when all you have is gasoline, that is all you can do.

The Keynesians do not understand their own remedy is the reason the patient is so sick and they get to administrating it.

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 Fed Will Not Raise Rates, No Matter What

The bottom line is, does not matter where the unemployment rate goes, does not matter how high the inflation rate goes, they can never raise interest rates without precipitating a worse financial crisis than the one we had in 2008.

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 Lot Of Economic Indicators Are Showing That The Economy Has Already Rolled Over

The air is coming out of the bubble because the Federal Reserve halted or paused their quantitative easing program. Most think they have ended it but I think it is just paused because now everybody expects the Federal Reserve to raise interest rates because they think the recovery finally has enough traction that it no longer needs the emergency life support of zero percent interest rates yet a lot of economic indicators are showing that the economy has already rolled over and is rapidly headed back to recession.

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

Federal Reserve: Bluffing About Raising Rates

They should be raising interest rates but they will not be doing that. They are just bluffing about interest rate hikes because they want to pretend that the economy is actually strong enough to absorb higher interest rates. But the economy is a gigantic bubble and if the Federal Reserve raises interest rates, they are going to prick it.

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 & Japan: The Central Banks Are Making The Same Mistakes

The central banks are making the same mistakes in both nations (U.S. and Japan), they are printing too much money.

A lack of inflation is not a problem. That is a good thing. Deliberately trying to create inflation, that is one of the reasons that consumers can`t spend because things are too expensive. If you want your consumers to spend, lower prices and then they will spend.

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

China: Long Term Buyer Of Chinese Stocks

I am a long term buyer of chinese stocks. We buy a lot of Chinese names through Hong Kong as well. I think that is where you want to be as a long term investor. There is a lot of wealth being created in China.

Are there problems? Sure. The problem is that their currency is pegged to the U.S. Dollar and as a result to maintain that peg the Central Bank of China does a lot of foolish things. But I think the Federal Reserve is doing even more foolish things and ultimately the fundamentals in China are much better than they are in the United States.

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

Shanghai Composite: Nothing Goes Up In A Straight Line

Look at how much the market (Shanghai Composite) rose in such a short period of time. Nothing goes up in a straight line. Obviously you are going to get volatility and you are going to get market corrections. But long term I remain very constructive on both the economy and the stock market in China.

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