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
Some of the smaller stocks have been moving, but the big stocks are going to take real money to move.
Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.
That shows that big money is not buying, Wall Street does not believe this rally, they are still skeptical and are waiting for the gold price to fall.
The entire American standard of living is artificially high right now, resting on the ability of Americans to borrow money from foreigners.
Printing money is merely taxation in another form.
At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.
Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.
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.
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.