We want businesses investing in capital to increase labor productivity so that workers can earn more real money and the prices in real terms can come down so consumers can enjoy a higher living standards. None of that is happening. This has just been a bubble and the problem is that the air has been coming out of it, that is why we relapsed back into recession.
Yes, the stock market is going up but not as fast as the price of silver, not as fast as the price of gold. So in real terms the stock market is actually going down faster now than it was last year. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV), Market Vectors Junior Gold Miners ETF (GDXJ))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Apr 26, 2016
Apr 25, 2016
America: A Coming Bankruptcy
Its a coming bankruptcy but we are actually bankrupted, it is a question of when we acknowledge it, the fact that we are a bankrupted country. That is one of the things that I agree with Trump, he constantly talks about the fact that America is broke, and we are. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Barclays 20+ Year Treasury Bond ETF (TLT), 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.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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