Markets: This Is What Everybody Is Missing

This is what everybody is missing: there is no way that the Federal Reserve is going to be able to shrink its balance sheet. There's no way that the Treasury is going to be able to find private buyers for all this debt at interest rates that are low enough not to collapse the US economy.

Video: Gold Investment Strategies

Peter Schiff talks about gold at a mining conference in Canada.

Precious Metals: A Spike In Silver?

If global industrial growth soften or even plunge, so would lead/zinc and copper mining, which together accounted for 59 percent of silver extraction in 2017. That could also cause the price of silver to spike.

Related trading instruments: iShares Silver ETF (SLV)

The Federal Reserve Will Not Save The Stock Market Again

If the stock market gets cut in half again, the Fed is not going to bail you out with another round of quantitative easing. 

They’re not going to bail you out with rate cuts because the next time the Fed tries to do that, it will destroy the dollar. I am confident of that. The next time is the last time. We will have a dollar crisis and a sovereign debt crisis.

Banks: Deutsche Bank (DB) Could Be The Weak Link Of A Chain

Deutsche Bank (DB) could be the weak link of a chain. If you remember back to when we had the financial crisis 2008, first, you had the sub-prime mortgages blowing up, and everybody was like don’t worry about it. It’s contained. I said it’s not contained, it’s just showing up first in the sub-prime market because these are the weakest mortgages. 

I think the banking system has a huge problem because it’s lived off of the life support of artificially low interest rates. As that is removed, it’s like pulling the plug off of someone who has lived off life support. The irony is you have so many analysts that think higher rates are good for the banks...

Markets: Interest Rates Are Going Back Up

I think that we're going back up and making new highs on interest rates which of course is going to be problematic for every aspect of the economy that is in debt including you know the consumers who are taking on more debt to continue to spend because they're not earning that money.