Video: The Bullish Case For 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.

The Monetary Illusion

This is all phony and it is the result of this monetary illusion that`s been created by the Fed but it will end, just like it ended in 2008 with the financial crisis. That was the by-product of the bad monetary policy of Alan Greenspan. Well, that blew up on Ben Bernanke`s watch. Ben Bernanke`s monetary policy is even more reckless and irresponsible than Greenspan`s and it is all going to blow up on Janet Yellen.

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 & Real Estate Bubbles

It`s not the economy that is strengthened by QE. The economy is actually inhibited by QE. Quantitative easing is preventing a badly needed economic restructuring  that would enable the U.S. economy to actually grow. Instead what we are doing is we are pretending there is growth by inflating bubbles in assets. We have a stock market bubble, we have a real estate bubble, and now we can take that phony wealth and we can turn it into consumption through debt. And that is what is going on. But it`s not legitimate economic growth, you can`t confuse the two.

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