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
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.
The real bubble in China is in US Treasuries, in US 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.
Fifty-dollar oil is just another stop on the road to much higher crude prices.
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.
The strength in gold is revealing the general weakness in the dollar.
What America has succeeded in creating is not an economy impervious to shocks, but merely one which enables their consequences to be postponed to a later date.
There is nothing the Fed can do to combat inflation unless they hike rates aggressively.
I would be upset if I bought a company (stock) on the belief that it was a play on the price of copper.
My goal was how can we step back and not focus in on an individual, a school, a league or a district. It really was how can we work together collaboratively to learn from the mistakes.
Some of the smaller stocks have been moving, but the big stocks are going to take real money to move.
For the typical investor, brokerage firms are slow to react, slow to change and offer the access to these foreign markets.
We think all the issues brought up on the federal side has already come up in the state side.
What will most likely occur is a long overdue loss of confidence in financial assets in general, particularly those denominated in U.S. dollars.