The Real Unemployment Picture

The official unemployment figures are meaningless because there would not be such a big concern if the unemployment rate was really 6.7 percent. Because that does not tell the whole story. So many people have just given up looking for work, they are so discouraged by the poor labor prospects that they are no longer being captured by the statistics or they are working part-time but they really want full-time jobs.

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

Bad Economic Data Coming To The Surface

The reason interest rates have fallen somewhat on the long bond over the past few months is because a lot of bad economic data has now come to the surface. I was expecting all of this bad data because I was saying for months and months as the Federal Reserve first began talking about tapering, that if they actually did it, they would have to undo it because the minute they tapered the market would start to go down (stock market and real estate market), the economy would start slipping back into recession and the Federal Reserve would be forced to have to reverse their position which is what they are going to do.

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

Interest Rates Will Skyrocket After The U.S. Dollar Collapses

When I talk about interest rates skyrocketing, that is what is going to happen after the dollar collapses. But before the dollar collapses, the Federal Reserve is going to print dollars to buy bonds to prevent interest rates from rising.

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

We Have The Biggest Bubble Ever

We have the biggest bubble ever blown right now because we have a simultaneous bubble in the stock market , in the real estate market and in the bond market. We have the stock market bubble of the 1990`s, the real estate bubble of the 2000`s and at the bond bubble on top of it. The Federal Reserve knows the bubble is too big to pop.

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

Gold Short-Sellers Are Getting Nervous

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

Yellen: Waiting For An Excuse To Call Off The Taper

In her prepared testimony she did stress her commitment to continue to follow through with the taper timetable that was established by Ben Bernanke. Of course, she did qualify that by repeating that it is data dependent, meaning that if the data changes, the Federal Reserve will change as well. I think the Federal Reserve knows the data is going to change, they are just waiting for the excuse to do what they are intending anyway which is to call off the taper and ultimately reverse it by increasing the amount of monthly QE, not diminishing it.

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