The Fed Will Have To Go Back To Zero Interest Rates

When the Federal Reserve has to go back to zero interest rates, when they have to launch QE (quantitative easing program), when they maybe have to go negative interest rates, people will realize that none of this worked!

Exchange traded funds: Select Sector Financial Select Sector SPDR ETF (XLF), 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.

America Is More Bankrupted Than Puerto Rico

Its all about perception. Puerto Rico is broke, we all know that. But it was broke 2 years ago, it was broke 3 years ago. Why did not anybody care? Creditors kept lending the money even though they were broke. Well, eventually people wake up and they realize that a debtor is broke. America is more bankrupted than Puerto Rico, our creditors have not figured out yet. We might not default but we will print.

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: I Am Not Short

I am not short the market because I do believe that the Federal Reserve will put a floor beneath the market by printing money. But the ultimate collapse is in the U.S. Dollar. It has not happened yet but the Federal Reserve is going to sacrifice the U.S. Dollar. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), 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.

We Are Already In A Recession

I think that we are already in a recession. By the time they go back and revise the numbers that we got for the fourth quarter of last year, early this year, I think the data is going to reflect that we have been in a recession. They never know we are in a recession until you are almost finished with 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.

This Is The Biggest Bubble The Federal Reserve Has Ever Inflated

Everything the Federal Reserve has done since the financial crisis has made the underlying problems that caused that crisis worse. And because of that we are on the verge of a worse economic crisis. We are more addicted to cheap money than ever before. There have been more mistakes, more malinvestments, this is the biggest bubble the Federal Reserve has ever inflated.

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 Has Gone Nowhere For The Last 12 Months

The stock market has gone nowhere for the last 12 months. The average stock is down.

Related exchange traded funds: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

This Economy Is A Disaster

This economy is a disaster and everyone wants to pretend that it is great because no one wants to admit that Obama is a complete failure, that the Federal Reserve is a complete failure, that everything that the government has done has failed!

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: Gold, Gold Mining Stocks & Silver Stocks

It started the year below 1100, it got down to 1050 when the Federal Reserve just raised interest rates in December but it has had a pretty good run. The gold stocks have gone up a lot more. In fact there are silver stocks that have gone up 500 percent since their January lows. That has been the biggest move. (Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Hecla Mining (NL), iShares Silver ETF (SLV), 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.

A June Rate Hike Is Not Bearish For Gold

That rate hike (in June) even if it comes is not bearish for Gold (SPDR Gold Trust ETF (GLD)) nor is it bullish for the Dollar. What happened the last time the Federal Reserve raised interest rates? After a knee jerk reaction we had a huge rally in gold and a big drop in 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.

Stock Market: Banks (J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)) & Interest Rates

Any meaningful increase in interest rates is not a positive for the financials. It is just wishful thinking that these financials are going to do well when the Federal Reserve raises interest rates.

Stocks: J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)

Exchange Traded Fund: Select Sector Financial Select Sector SPDR ETF (XLF)

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 Stocks: Shaking Out The Weak Hands

Gold and silver stocks got obliterated. Most of the gold and silver stocks were down 8 to 10 percent on the day. That is a huge move but remember the biggest moves in a bull market are down and the biggest moves in a bear market are up and that is what you got. You get these huge moves that are there to shake out the weak hands, to shake out the speculators.

All this rate hike talk, this is just a bunch of talk but it provides fear in the wall of worry this bull market is climbing.

Stocks: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), Yamana Gold Inc. (USA) (AUY), Eldorado Gold Corp (USA)(NYSE:EGO), Kinross Gold Corporation (USA) (NYSE:KGC), Gold Fields Limited (ADR)(NYSE:GFI), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD)

Exchange Traded Funds: Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), 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.

Stock Market: Will the Fed Raise Rates In June?

If Wall Street actually believes that the Federal Reserve is serious about rising interest rates in June, which I do not believe, but if WallS treat believed it, the market would be tanking.

As we got closer and closer to the date that the Fed was theoretically going to raise interest rates, the market would be so low that any talk of a interest rate hike would be dead because now the Federal Reserve would have to deal with tighter financial conditions which is the way they refer to it.  (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.

The Next Crisis Will Be A Currency Crisis

People are still refusing to admit what should already be obvious. But the problem is people who believe that the Federal reserve solved the problems, they never understood the problems in the first place, that is why they were surprised by the 2008 financial crisis. That same people will be even more surprised by the next crisis which will not just be a financial crisis, it will be a currency crisis which is going to be a whole lot worse than the financial crisis.

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: Earnings, Federal Reserve

The stock market right now is caught between earnings going down but the belief that the Federal Reserve will come back in the game with an interest rate cut or more quantitative easing to let the market back up. (iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF))

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: We Are In A Earnings Recession

I think we are in a earnings recession in addition to the economic recession but imagine how much worse earnings would be if the Federal Reserve did not have interest rates close to zero. So all this is artificial. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), Apple (AAPL), Macy's (M))

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 Going Down But It Has Not Rolled Over Yet

The bad are not sinking in. The stock market has been trending down, particularly the Nasdaq but it really has not rolled over. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Futures, Nasdaq 100 Index ETF (QQQ), Apple (AAPL))

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: The Bad News Aren`t Really Sinking In, Yet

The markets continue really to ignore all of the overwhelming bad news. Bad news on the economy, bad news on the corporate earnings front, on retails ales, you name it. The news is bad. The markets seem to shrug it off, the equity markets, the bond markets, the forex market, the gold and silver market.

I mean, sure there is a knee jerk reaction, we get some bad news and gold spikes up, the dollar dumps but then it recovers what it lost and gold surrenders its gains. The bad news aren`t really sinking in.

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. Treasuries Are Not Risk-Free At All

U.S. Treasuries are not risk-free at all because people that own them are going to take a haircut, they are not going to get paid 100 cents on the dollar and if they are it is because the dollar has collapsed and what they get paid will be worth even less.

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. Debt: Is Default The Solution?

I think it is going to have to because we have to have higher interest rates, there is no question that we cannot keep artificially suppressed interest rates or the U.S. Dollar is going to collapse, we are going to have runaway inflation, we are going to have to do something or we are not going to have real capital investment unless we have genuine savings. And no one is going to save when interest rates are zero or negative.

We are going to have to raise interest rates but then when interest rates go up it will be impossible to service the debt. Forget about repaying it. We cannot even pay the interest. (iShares Barclays 20+ Year Treasury Bond ETF (TLT), ProShares UltraShort Lehman 20+ Year ETF (TBT), U.S. Treasuries)

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

Donald Trump On U.S. Debt, Interest Rates

Trump talked about the fact that if interest rates go up we cannot afford to service the debt. He is a low interest rate guy, we wants to keep interest rates low and the main problem with higher rates other than what he believes would be a strong U.S. Dollar (I disagree with him there) but on the fact where he talked about that high interest rates, he said we cannot afford high interest rates so we have to be very careful because if we raise interest rates even a little bit, even a one percentage point increase would be a disaster because we do not have the money to pay. And he is right! We do not! 

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

Retail Sales Are Horrible

We got these year-over-year same store sales and they were horrible. I think every single company that reported sales missed estimates and some missed by a mile! So retail sales are horrible!

Related stocks: Wal-Mart (WMT), Starbucks (SBUX), Target Corporation (TGT), Macy's (M), J C Penney Company Inc (JCP)

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 The Federal Reserve Will Not Raise Interest Rates

The economic data is just too weak and the election too close for the Federal Reserve to actually take a chance at raising interest rates again given what a big disaster it was when it raised interest rates in December. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.

Gold Stocks: Still In The Early Stage Of A Big Bull Market

I think this is still the early stage of a big, big bull market in gold mining stocks, so do not let the noise shake you out. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), NovaGold (NG), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG))

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 Will Get To 1,500 USD Relatively Soon

I think gold will go a lot high. Once we get through 1,300 dollars an ounce, we are knocking on the door, I think we can move up to 1,500 dollars an ounce relatively soon. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX))

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: In The Short Run Its All About Perception, Than Reality Sets In

In the short run it is all about what people think not about reality. And if everybody is wrong than the markets are going to reflect that and ultimately though reality is going to cause the markets to change, assets will be repriced not based on what people thought it was going to happen but based on what actually happens.

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. Dollar Will Accelerate Lower

The markets are starting to validate what I have been saying. The Dollar is just starting to break down, technically it does not have much support here.  I see an acceleration in the weakness of 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.

Dollar Weakness, Gold Strength Caught Wall Street By Surprise

The U.S. Dollar closed on the low of the month. The Dollar Index barely held the 93 handle. The Dollar is weak across the board. I think year to date now the Dollar Index is down about 6 percent. Nobody expected this! At least nobody in the conventional Wall Street, fund managers, hedge fund managers. They all expected the opposite. The same thing with gold.

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