The British Pound (GBP) Is Breaking Out

The British Pound is at a 6 year high high. The U.S. Dollar is hitting a 6 year low against the pound.

But why is the British Pound now breaking out? Because they are talking about raising rates and talking about not doing more QE. And they did at least a modest  amount of austerity, it did do some cutting. Not as much as they should have, but at least they did some. We didm`t do any. We kept on stimulating.

And I remember guys like Paul Krugman being critical of the United Kingdom, saying, "they are doing it wrong". Well, the market is voting that they are doing it right.

Related: GBP Futures, GBPUSD Forex Cross;

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

Why Jobs Are Declining In America

Jobs are declining because the Fed is flooding Wall Street and the government with cheap money and there is no capital flowing to Main Street.

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY);

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

Loading Up On Gold And Silver

How can anybody not want to be loading up on gold and silver and getting the hell out of the U.S. Dollar when you have got this type of nonsense, when you have so many people worshipping at the alter of inflation?

Inflation is great, inflation is a good sign, the more the better, its the icing on the cake. Trying to get us to believe, to accept this nonsense that inflation is a good thing.

Related stocks and ETFs: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Hecla Mining (NL), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), Nymex Gold Futures ($GC_F) ;

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