Video: A Lecture On 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.

This Bubble Is Too Big To Pop

I am not bearish on stocks, I am bearish on the U.S. dollar, I am bearish on paper. People just assume that I am all gloom and doom, so that I think the stock market is going down. If the Federal Reserve did the right thing for the U.S. economy and let interest rates go up, the stock market would come crashing down. But I do not believe the Federal Reserve is going to do the right thing. They will keep doing the wrong thing. This bubble is too big to pop, the Federal Reserve knows it, so they are going to keep on supplying air. So, yes. Stocks are going to go up, but the dollar is going to down a lot more in real terms. And yes, gold is going to go up.

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

Christmas Sales: The Worst Since 2009

Look at the Christmas sales. They have been the worst since 2009. I think a lot of the retailers made a mistake. They believed the hype, just like the investors and the economists. They loaded up on inventories coming into the Christmas season. That is why we got a 4 handle on the third quarter GDP. But I think they are finding out that a lot of Americans just don`t have any money to buy stuff. They are spending too much energy and food, they have lots of debt and lousy jobs. So, I think we are going to see some record sales following Christmas in the New Year. Not sales in selling, but declines in prices for sale.

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