How An Economy Grows And Why it Crashes: Simplifying Economics

There are teachers who use this book around the world to help educate students in the classroom. Today the Keynesian economists really overcomplicate what really is a very simple subject of economics. And I think why the book does so well is, we break down the complexities of our modern day economy in which these economic principles seem to be lost, we break it down and we focus on a simple island with three individuals, struggling to survive and then its in that context that we introduce all these economic principles and then we demonstrate how the principles do not change as the economy grows and becomes more complex. The book is very humorous, you can read the entire thing in three to four hours.  

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

Investing In The Big Picture

There is a lot of politics when I talk about the markets, a lot of economics involved in it because I am generally investing in the big picture. So I don`t spend a lot of time getting into the particular details of a particular company, the balance sheet of a company or what I think it is going to happen to earnings. Lots of people talk about that. There is nothing really unique about having an outlook on a particular company.

So what I think is more unique is my perspective on the global economy, in particular the U.S. economy and a lot of it relates to politics because a lot of what is wrong with our economy can only be fixed politically.

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

America`s Level Of Taxation

Americans are paying levels of taxation that would be unthinkable around the time of the American Revolution.

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

Alternative Media: The Best Source Of Information

I think the best source of information right now in the media is the alternative media. There is a lot of good stuff on the internet, you just have to look for it. Unfortunately, most people don`t know where to look and so they never come across it. I started doing my radio show partly for that reason.

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

Fiat Currencies, Gold & Bitcoins

What we have now, fiat currencies instead of real money, does not work. So, we need to go back to real money. Now, do I think bitcoin is real money? No, I don`t. It does not satisfy to me the definition of money, what money needs to be. It does not have any intrinsic value on its own. You can`t do anything with a bitcoin. You can do something with gold, gold has a value unique to itself.

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

It`s Hard To Convince People To Vote For Less Government

There are a lot of solutions, the problems are easy to identify, and the solutions are simple. The problem is in a democracy, getting the solutions adopted. Because everybody wants something for free and everybody thinks the government can provide prosperity, the government can provide wealth. It can`t.  They can destroy that, but they can`t provide it. Yes, they can steal from one person and give it to somebody else but in the process of doing that they make everybody poor.

It`s hard to convince people to vote for freedom, to vote for less government. It`s much easier to convince them to vote for more. When it becomes difficult is when the government is so big and is destroying the economy so completely that the people finally wakes up to it. So I think the catalyst for change is extreme collapse, extreme despair and disaster when that message can no longer sell.

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