Higher Crude Oil Prices Will Affect The Global Economy

I am bullish on oil anyway. I think the price of oil is going up regardless of what happens in Iraq. But to the extent that Iraqi production is disrupted by civil war, that is only going to be more bullish for the price of crude oil. And it is going to affect the global economy because its going to be more expensive and that`s going to be a negative.

Related stocks and ETFs: United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), Energy Select Sector SPDR ETF (XLE);

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 Is Not Worried About Inflation, Yet

Janet Yellen is still worried that inflation is not moving up fast enough. Tell that to the housewives who are shopping for groceries.

Related: Dean Foods Co (NYSE:DF), ConAgra Foods Inc (NYSE:CAG), Whole Foods Market, Inc. (NASDAQ:WFM)

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`s Not Going To Work

I do not think that this experiment is going to work any better than the fiat experiment. We will see, the market will tell. Because I think there is going to be lots of others digital currencies, there already are. and I think eventually there will be a digital currency backed by gold. I think when you have a digital currency backed by something that is better than a digital currency backed by nothing.

Related: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Bitcoin ($BTCUSD)

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