Peter Schiff
Peter Schiff
Peter David Schiffis an American stockbroker, author, and one-time Senate candidate. He has appeared as a guest on numerous financial television shows and has been quoted in major print publications as a financial analyst. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts...
NationalityAmerican
ProfessionBusinessman
Date of Birth23 March 1963
CountryUnited States of America
dollar loses power purchasing relative somebody
When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.
real dollars china
The real bubble in China is in US Treasuries, in US dollars
thinking fans dollars
Well, I don't like the UK. I haven't ever been a fan of the pound (sterling), and even though they are taking some steps in the right direction - more so than the US - in addressing some of their problems, I still think they're doing it much too slowly. So, I think that the pound will continue to lose value relative to some of these other currencies. I ultimately expect the pound to rise against the dollar, but that's not the best way to take advantage of dollar weakness.
oil dollars fifty
Fifty-dollar oil is just another stop on the road to much higher crude prices.
america clock-is-ticking dollars
The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it.
gold weakness dollars
The strength in gold is revealing the general weakness in the dollar.
money smaller stocks
Some of the smaller stocks have been moving, but the big stocks are going to take real money to move.
belief bought company price upset
I would be upset if I bought a company (stock) on the belief that it was a play on the price of copper.
advice avoid lose wealth
You are going to lose wealth in U.S. stocks. My advice is to avoid them if at all possible.
main
Wall Street is in trouble because Main Street is broke.
agenda government reason wants
The left-wing agenda wants us to think that the reason there was a depression was because the government didn't do anything. That's not true.
bail companies cost hundred millions prop taught wall wrongs
My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.
accept although america disaster dump economic economists exchange fact foreign foreigners goods hope microcosm nation orleans paper policies production rather reckoning refuse reliance savings simply situation strategy widely
Unfortunately the situation in New Orleans is a microcosm of our nation as a whole. Although our reliance on foreign savings and production are widely known, and most economists accept the fact that a real economic disaster would ensue should foreigners discontinue such subsidies, dump their hoards of U.S. treasuries, and refuse to exchange real goods for paper dollars. However, rather than perusing policies to rebalance our economy, we simply do nothing, and hope that day of reckoning never arrives. However, just as that strategy backfired in New Orleans , so, too, will it for America as a whole.
accept although america disaster dump economic economists economy-and-economics exchange fact foreign foreigners goods hope microcosm nation orleans paper policies production rather reckoning refuse reliance savings simply situation strategy widely
Unfortunately the situation in New Orleans is a microcosm of our nation as a whole. Although our reliance on foreign savings and production are widely known, and most economists accept the fact that a real economic disaster would ensue should foreigners discontinue such subsidies, dump their hoards of U.S. treasuries, and refuse to exchange real goods for paper dollars. However, rather than perusing policies to rebalance our economy, we simply do nothing, and hope that day of reckoning never arrives. However, just as that strategy backfired in New Orleans, so, too, will it for America as a whole.