The Federal Reserve Eased Monetary Policy When They Announced The Taper

First of all, they haven`t even tapered yet. All they have done is to announce an intention to taper in the future and maybe they will actually get started but I actually think they eased monetary policy when they announced the taper because they put so much sugar to coat that bad tasting medicine that we have an easier monetary policy now.

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

Video: The Highest Interest Rate We Can Afford Is Zero

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

Bitcoin: It Will Not Work As A Currency

What are they worth? They are worth what the last person is willing to pay. I do not think it is going to work as a currency. Theoretically, there is a limit to the supply but what if there is no demand? And there will be a lot of other digital currencies.

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

Simple Economics On Wal-Mart (WMT)

They are entry level jobs. You have to have your first job before you can get your second job. Those type of jobs don`t require many skills, so you can`t really be paid very much. All the people that are advocating that Wal-Mart (WMT) just raise wages for all their unskilled workers to 15 dollars an hour, they forget about all the Wal-Mart customers, many of whom also earn less than 15 dollars an hour. The only reason they are shopping there is because they want low prices and in order to keep prices low, Wal-Mart (WMT) has to keep their costs low, and of course that includes their labor costs.

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

Video: The Response From The Left

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

Bitcoin: The High Is Probably In

I do not think if you are buying bitcoins today that you are getting in anywhere near the bottom. You may be getting in near the top but maybe there is another rally coming. It looks very suspicious that the high is in and that pretty soon the greed is going to be replaced by fear.

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