Fed Meeting: A Dollar Negative Event

I think this is a dollar negative event. I think this is a gold friendly event. remember the last time the Federal reserve raised interest rates everybody thought the gold would tank and instead it market the bottom and had a huge rally. People thought the Dollar would rise and it went the other way.

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

Federal Reserve: Why Would They Want To Take A Chance Of Raising Interest Rates Today?

Why would they want to take a chance of raising interest rates today knowing, (A) how weak the data is, (B) knowing that the markets could tank as a result of that rate hike. That is the last thing they want. Then what are they going to do? How are they going to reverse the decline?

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 Dollar Will Take The Bond Bubble With It

Eventually when the U.S. Dollar bubble bursts it is going to take the bond market with it and this bubble economy is going to implode. Then the economic events of 2008 will look like a Sunday school picnic.

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