Yellen: Higher Inflation Coming

The only thing Janet Yellen is going to succeed in doing of all the things she wants to do, she wants to help the economy, she wants to create jobs - she is going to fail these. The only goal that she is going to succeed at is raising inflation. Because there will be a lot more inflation thanks to Janet Yellen. And its not going to stop at 2 percent. But I can only imagine how high inflation will actually be if the official numbers were at 2 percent.

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

Economic Weakness & The Weather Excuse

The news is bad. It`s not because of the cold weather, it`s because of the chill in the economy that is only going to get worse. The economic data is going to get colder and colder and it does not matter what happens to the weather.

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

Oil & Gas Portfolios

You compare the dividend yields, the interest income that you get on bonds, compared to the cash flows that you can get on oil and gas investments. You get much more income on those portfolios and I think personally it is better because you have the inflation hedge, even though you have more volatility, you trade the volatility.

What is the dollar going to be worth in the next 5 or 10 years? I have no idea. Maybe its going to be worth anything. But I am very confident that oil will have value. The world is not going to stop using oil, as much as these environmentalists in their fantasies want to see the entire planet powered by wind or by solar. It will not happen. I mean, maybe in 100 years but it is not going to happen in the next 5 or 10 years.

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