Will Draghi Take Europe Deeper Into Negative Rates?

There are some rumors that they are going in that direct. And I think there are nearing the end of the negative interest rates experiment. It has been a disaster, it has blown up in their faces, it is clobbering the European banks which in many cases the stocks are trading lower than they were at their lows in the 2008 financial crisis and negative interest rates are just making the problems bigger.

(Deutsche Bank, Banco Santander, Societe Generale, BNP Paribas, Credit Agricole, ABN Amro, BPI, BCP, Banco Popular)

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 U.S. Will Monetize The Debt Eventually

When foreign governments or foreign individuals buy our bonds, then the U.S. Dollar can stay strong but if we have to print dollars to buy those bonds then the supply of dollars worldwide is exploding and people can see what we are doing, they can see that we are just monetizing our debt and every country that has collapsed has collapsed for the same reason. You can look for examples of what happened to the countries that have monetized their debt. (iShares Barclays 20+ Year Treasury Bond ETF (TLT))

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

All of America`s Creditors Are Going To Stop Lending Us Money

All of America`s creditors are going to stop lending us money because we have already borrowed more than we can possibly repay.

The U.S. Dollar and U.S. Treasuries are probably the most over owned assets in the world. And if the creditors are going to stop lending us that just leaves the Federal Reserve. Because we either default which would be honest but politically almost impossible or the easier rout is to have the Federal Reserve monetizing the debt. (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.