Dec 18, 2019

Will Bitcoin End The Year With a Loss?

Earlier this year Ethereum, the number 2 crypto currency by market capitalization was up over 150 percent, and now it's down year-to-date. Ripple, the number 3 crypto currency, has also give up its earlier gains and is now down over 50 percent year-to-date. There are still plenty of trading days left in the year for Bitcoin to end 2019 with a loss!

Dec 16, 2019

The Fed Is Not Done Cutting Interest Rates

The Fed will supply interest rate cuts as soon as the market demands them. Read the complete article here: Peter Schiff: The Fed Is Not Done Cutting Until It Gets to Zero 

"No, they’re not done until they get to zero, and then we’ll see if they’re done or if they want to try to go negative … What the Fed has assured the markets is that under no circumstances will they raise rates. That no matter what the data is, the only decision that the Fed has to make is do rates stay the same or do they go down. And I think that’s the only reason that the stock market has rallied. It’s based on that ‘Powell Put,’ where the fear of a rate hike is no longer in the market. But I do think at some point next year, the economy will be weakening, or maybe we will get a sell-off in the stock market, and the only way for the Fed to try to prop the market back up would be to start doing more rate cuts. And they will supply them as soon as the market demands them.”

Dec 12, 2019

Schiff on Fox Business (Dec 11, 2019)

Video duration: 9:31

Powell resurrecting the high inflation Paul Volcker buried.

Dec 10, 2019

Central Banks Keep Accumulating Gold

Central banks added another net 41.8 tons of gold to their reserves in October, according to the latest data from the World Gold Council. Read the complete article here: Central Banks Keep Right on Buying Gold.

Dec 9, 2019

Jobs Data: A Trumped Up Jobs Report

This is just par for the course. This is the same type of numbers that we've been getting under Trump and that we've been getting under Obama. We're creating a bunch of part-time jobs, service sector jobs, low-paying jobs. Read the complete article here: A Trumped Up Jobs Report 

Actually 48,000 striking GM workers returned to work. So the net increase in new Mfg. jobs (factoring in last months downward revision) for Nov. was just 2,000. Calling this a blow-out is fake news!

Dec 6, 2019

Bitcoin, Stock Market and More

The highlights from this week's media appearances from Peter Schiff.

Peter was mentioned on CCN,  Peter Schiff Says ‘It’s Game Over for Bitcoin’ After Epic Pump and Dump; Crypto Twitter Laughs and also on U Today on the same topic, Peter Schiff on Bitcoin Price Drop: "Pump-and-Dumpers Are Losing Their Mojo"

You can find the weekly gold podcast from Schiff Gold here: Inflation? What Inflation? Friday Gold Wrap Dec. 6, 2019.

Here's the most important tweets from Peter Schiff this week:

What the Powell Put was, was the Fed’s assurance that under no circumstances would it consider raising interest rates. And it doesn’t matter what happens to inflation. (with a link to the article: The Lurking Inflation Monster)

I don't know if this December can take out last year's. But it's possible, given that there's no reason for the stock market to up where it is. The only reason the stock market has gone up is because of the Federal Reserve.

Dec 3, 2019

Capitalism Is Failing In Hollywood

"It’s time for an economic revolution. Capitalism today is failing us, killing us, and robbing from our children’s future."

In response to Mark Ruffalo’s tweet:

Capitalism is failing in Hollywood. Some actors make millions while others struggle waiting tables to make ends meet. Let’s redistribute the wealth. Equal pay for all actors. All actor compensation should be paid directly to SAG. Then each member will be given their fair share.

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