Peter Schiff Polling for Potential Senate Run in CT

Investor and financial commentator Peter Schiff is doing polling in Connecticut to gauge support for a potential Republican Senate run. Schiff has signed on prominent Republican polling firm Wilton Research Strategies to survey the state, his brother and spokesman Andrew Schiff told CQ Politics.

"Peter is a non-traditional candidate," said Andrew Schiff of his brother, an outspoken libertarian who has gained attention for correctly predicting the collapse of the mortgage industry despite mockery from other industry analysis. "We're attracting a lot of very fervent believers.The question is whether or not this will all resonate with the voters of Connecticut."

Indeed, Schiff was not considering a Senate run against five-term Sen. Christopher J. Dodd until he became the subject of an aggressive drafting campaign this past winter. Schiff's first brush with politics was as an economic adviser to Republican Ron Paul's presidential campaign. That role linked him into a network of Paul supporters who have urged Schiff to run for office -- Andrew Schiff said his brother has been "bombarded with emails and phone calls" over the last several months.

What remains unclear is whether Schiff has a legitimate shot of taking on more traditional politicians like former Rep. Rob Simmons and state Sen. Sam Caligiuri in the Republican primary and Dodd in a general election.

"We do think there's certainly room for the fiscally conservative, libertarian wing of the party to attract a lot of attention in the Northeast," Andrew said, adding that Peter is prepared to develop a policy portfolio not just on finance and monetary policy, his speciality, but also on hot-button issue like health care and energy. But economics will remain is major focus.

"We're leaning towards a run," he said, however, "Peter doesn't want to spend a lot of time and money if there's really no chance."
Source :europac

Peter Schiff on Cap & Trade Bill CNBC 26 June 2009

Obama's Cap and Trade bill on global Warming ...Peter Schiff says that the only jobs that this bill is going to create are unproductive jobs bureacrats jobs that the rest of us will hav to support with taxes ..., This bill is ridiculouse even if the economy was in good shape , with the economy as bas as it is now this bill will destroy it with more taxes ...The emotional pulse of the public is a key component of any rebound, with Steve Malzberg, "The Steve Malzberg Show" host; Sean O'Hara, Revenue Shares Investor Services; Jeremiah McWilliams, St. Louis Post-Dispatch; Peter Schiff, Euro Pacific Capital; and CNBC's Dennis Kneale.

Off-shore accounts, bank capital, exchange controls, ponzi schemes

Peter Schiff Vlog Report 29 June 2009


very quite day today the Dow , the only exception is the oil which is up ...the dollar was relatively quite , the kiwi dollar is up...the Chinese again talking up the dollar...Swiss banks do not accept anymore American customers especially UBS , because of the new US government regulations against off Shore banking , American exacts are in difficulties cause nobody wants to take their money...If you give up your US citizenship you still owe the American government 10 years in taxes , soon there will be difficult for the Americans to leave America and go abroad , also getting out of the US dollar is becoming difficult , foreigners will start to have difficulties to invest in America , the American reputation is in jeopardy ... nothing is impossible anymore with this administration ...
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Hyperinflation Nation

Hyperinflation Nation an excellent documentary by George4Title starring Peter Schiff, Ron Paul, Jim Rogers , Tom Woods, Gerald Celente, and others. China is calling for a new reserve currrency to replace the dollar , the nation is sinking in debt , baby boom generation is about to retire and there is no money to pay for their pensions , unenmployment is explosing sates like california in short of money have literaly cancelled any welfare programms for the poor , there is an explosion of tents cities and what the FED is doing to solve the problems , they print more money , this is what will create a Zimbabwe hyperinflation in the short term

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Peter Schiff warns about Misguided government policies

In His latest newsletter the president of Europacific Capital Peter Schiff wrote on 26 June 2009 under the title Double Whammy the following :
By Peter Schiff

Misguided government policies have already dealt vicious body blows to our economy, but that hasn’t stopped politicians this week from launching two new kicks to the groin: a national health insurance plan and a carbon emissions regulation system called “cap and trade.” Even if these plans could achieve their desired ends, which is highly unlikely, I would have hoped Washington would refrain from throwing more monkey wrenches into the economy until it shows some signs of resurgence. The last thing we need right now is to further encumber our economy with higher taxes and additional regulations.

The meteoric rise in health care costs, which has become an unending nightmare for U.S. businesses and consumers, is not an accident. This painful condition has arisen from excess government involvement in the system, tax provisions that encourage the over-utilization of health insurance, and government support of an out-of-control malpractice industry. Rather than allowing more bad policy to drive health care costs further upward, we should be looking at ways to allow market forces to reign them back in.

If left alone, the free market drives quality up and costs down. Government programs produce the opposite result. Despite the president’s claim that a federal plan will bring costs down, there is no historical precedent for such faith.

Simply providing more widespread health insurance, as the Obama plan offers, is not a solution. In fact, it will aggravate the problem. Since consumers no longer pay for routine medical expenses out of pocket, comprehensive health insurance creates a moral hazard for both patients and doctors. To maximize the value of the health insurance “benefit,” most workers opt for low deductibles and co-pays. Therefore, doctors learn that their patients are not concerned with the cost of care, and so they are free to bill insurance companies at the maximum allowable rates.
Read the entire article :

Commodities prices either go to the Moon or to Pluto

Peter Schiff on Gold Seek Radio on June 20 2009 :
Peter Schiff from Euro Pacific Capital provides his market wisdom and insights , Peter says the US stock indexes have been in a bear market for a decade and they may have some considerable downside ahead for equities , Peter Schiff thinks the Dow and Gold will reach parity , gold will meet the Dow at 3000 or it will be much higher as 10000 all that matters is that preciouse metals will retain their purchassing power , Peter Schiff says "Commodities prices either go to the Moon or to Pluto" gold copper sugar coton silver platinum ..there might be a mining bubble but this bubble is still years away from even forming...we are still losing a lot of jobs , any way you slice it it still bad news on all fronts...

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we are suffering from an overdose of government stimulus Peter Schiff

The Recession is not Over , we're having an Artificial boost says Peter Schiff :
Dennis Kneal of CNBC tries his best to demonstrate that the recession is Over with the help of charts and quoting University of Michigan survey consumer confidence Google's CEO who said today that the worst is over GP Morgan Chase chief economist a Deutsch Bank economist even Walmart sales...etc..but Peter Schiff soon brings Dennis to the real world out of his excessive optimism , Peter said ironically " there is too much talks about green shoots in CNBC that it's like I am watching a gardening channel " The reality is if those green shoots exists , we have trillions of dollars of stimulus just like the stimulus of Bush and Greenspan you got an artificial boost , it's gonna fade and this time it is gonna fade a lot faster and the hangover is going to be worse , the real problem is that we are suffering from an overdose of government stimulus right now , and the more they artificially hype up the economy with cheap money and credit the worse the recession is going to get " and Peter added that he is making more money abroad than the US stock market , we are exacerbating the problems of our economy , our economy suffered because we borrowed and spent too much money , and what we are doing is borrowing and spending even more , what we need is to rebuild our savings and produce more , we have to allow inefficient companies to go bankrupt ..we have to stop trying to subsidize the very behavior that led to this predicament..." most of the panel tended to agree with Peter Schiff later on....

Peter Schiff vs David Faber on CNBC Amazon and books !!!

Peter Schiff VLog 26 June 2009 :
the dollar is weak again today we had some statements coming out of China regarding some alternatives to the dollar as a reserve currency again talking about the IMF , this whole talk about new global reserve currency is misplaced I do not think it is going to happen says Peter Schiff...before the dollar was a reserve currency central banks hold gold as reserve , and the only reason why the dollar became a reserve currency it is because it was backed by gold and redeemable in gold , these reasons for adopting the dollar as reserve currency no more exist today , the world would go back to gold as reserve not simply look for another FIAT currency to replace the one that it already failed ( the dollar ) , also today on the Financial Time FT Alan Greenspan was warning about a substantial inflation to happen in the years ahead the same inflation that he himself has created !!! he thinks that inflation will kick in at around 2012 , Peter Schiff believes it will happen a lot sooner than that , the genie is already out and there is no way to get him back in ...and a lot of this is because Ben Bernanke is simply following the steps of his predecessor Alan Greenspan .Peter Schiff calls the Carbon trade bill voted by the House today a Disaster ...Peter Schiff then talks about his mentioning of David Faber's book on his last Vlog , he says david is a journalist who write about things that have happened while Peter is a forecaster an economiste who writes about things that are going to happen , Peter does not take out any merits from David he is not critisizing his book , Peter pointed out specifically to all those fans who went to the amazon website and tagged David book with one star before even reading the book . this is unpleasant and Peter totally disaprove this kind of behavioure , please anybody who put a one star review on David book on amazon , go back and take down that vote ...this is not fair ...read the book and judge it after reading it and if you do not like it say why you do not like it ...Peter Schiff critisisme is not against david faber for writting the book , but against the behavioure of his colleages at CNBC and their reaction about the book...they seem to give the credit to david faber for what peter Schiff was predicting for years in his book crash proof and in his emails and newsletters

PETER SCHIFF ON GLENN Becks The One Thing SHOW JUNE 25, 2009

Peter Schiff finally on Glenn Beck's the One thing show but the topic is not exclusively economic it is about the House vote on Climate Change bill ...Peter Schiff is excellent as usual despite the very short time he had the chance to talk

David Faber presenting his new book on CNBC "And Then the Roof Caved In"

David Faber was given the chance the present his new book "And Then the Roof Caved In " by Kudlow on CNBC , I have thought useful to bring you this video because Peter Schiff have mentioned this twice lately in his latest Vlog of yesterday and on his podcast , There is no doubt that Wall Street Unspun , Peter is right when he says that although he foresaw the crisis coming before anybody else and wrote about it in details in his book "Crash proof" and in his articles during all these years , yet main stream media chooses to "ignore him " and give publicity and credit to others who wrote about the crisis after it already happened ..this of course does not deny any merit to David Faber whose book is now a best seller on Amazon as stated by Peter Schiff himself

Wall Street Unspun 24 June 2009 with Peter Schiff

Peter Schiff in this episode speaks about his dinner with the other Doctor Doom Professor Nouriel Roubini , he then speaks about David Faber and his interview with CNBC and his Amazon best selling new book "And Then the Roof Caved In" , he then takes your calls and ansewers to variouse questions touching many topics ...

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Delaware a Tax Haven within the United States !!!

The US has pledged to bring an end to banking secrecy and pursue countries which open their doors to tax cheats.

But critics have say that the very nation leading the crackdown on tax havens is failing to tackle its own loopholes.

Thousands of companies in Delaware do nothing other than allow their owners to avoid paying taxes in other jurisdictions. Welcome to one of the United States' onshore tax havens.

As US President Barack Obama pursues offshore jurisdictions like Switzerland , Luxembourg and the Cayman Islands , accused of helping people and companies avoid the burden of US taxes – Delaware's special status among states is not even discussed .

Freedom Watch 20 Ron Paul, Lew Rockwell, Gary Johnson, David Boaz, Wayne Allyn Root, Shelly Roche, Michael Shanklin

June 24 2009 Freedom Watch 20 with judge Napolitano featuring Ron Paul, Lew Rockwell, Gary Johnson, David Boaz, Wayne Allyn Root, Shelly Roche, Michael Shanklin no Peter Schiff this week though...

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Peter Schiff the Crisis is not over it is just beginning

in today's VLog Peter Schiff speaks about about the dollar rally against the the Euro and Swiss frank ..the FED totally defendant on foreign debt buyers foreigners have to lends us an extra 2 trillions summing to the others trillions , the president health care proposal will destroy private sector with subsidized inefficient public health care
Citi groups giving everybody raises with government bailout money , this is against the free market , the government subsidies the incompetent with the money of the tax payers in order to keep them incompetent ...
Peter Schiff later on speaks about CNBC new rising star David Faber and his best selling book And Then the Roof Caved In: How Wall Street Greed and Stupidity Brought Capitalism to Its Knees and all the media coverage it has received despite Faber wrote the book after the facts unlike Peter Schiff who wrote crash proof in a time when nobody was seeing the crash coming including David Faber , now main stream media seems to "boycott" Peter Schiff , also Peter announces that he will be tomorrow on Glenn Becks show on Fox news ...we look forward to watch that ...

Peter Schiff Vlog Report 23 june 2009

Peter Schiff's Vlog today is about The Dow that got hammered today despite there is no rally in the stock market closing down below the 80 level after having traded above 81 just yesterday , the dollar is losing all what he has gained lately...Ben Bernanke will want the world to believe that he has an exit strategy regarding the quantitative easing which he has not and he needs to reassure the market that they keep on buying treasuries , which means they have to keep printing money and that they are not going to raise interest rates any time soon ...the situation is getting more problematic about the dollar , Ben Bernanke who did as bad job as his predecessor Greenspan is very likely to be reappointed except in the case something hits the fan in the meanwhile ...Obama even praised the job done by the FED !!! Ben Bernanke will be reappointed to a much more stronger FED if the bill pass so he will be able to inflect an even much more damage to the already ailing economical and financial situation , we need protection from the government not more government to protect us ....now we have reduction in supplies which translates in increased prices despite a decrease in compunction and increase in unemployment , in fact this this what is happening to the sugar prices which have surged 5% to a new three years high , despite the economy is weakening the prices continue to shoot to the roof ...Obama himself admitting that unemployment will go to 10 %...

Peter Schiff On Bloomberg 's Open Exchange 13 DEC 2007

I know it is an old interview but what is amazing is that Peter Schiff was warning about all these bubbles already back then and very few if nobody else could agree with him , he already back them was warning about foreigners buying up America the Recession the FED the housing bubble the credit crunch , the living beyond our means , the globalization , This is the Interview when he said his famous phrase : " we're selling off our cows and chickens to buy milk , we are mortgaging the farm and foreigners are repossessing these assets this is how nations bankrupt themselves we're selling off productive income producing assets to enjoy current consumption"

Peter Schiff June 22 , Goldman Sachs, Gold , FINRA rule

today the Dow is down gold is weak the dollar was strong the bonds were strong , it is difficult to guess what would happen to the market in the short run says Peter Schiff , the dollar will certainly suffer this time ...foreign stocks won't go do down as US stocks , Gold will certainly rally ...George Bush also was criticizing Obama handling of the economy , Bush wants less government and more market ....the same Bush who created the bailouts , Goldman Sachs pay back TARP money !!!The FED purchase over a trillion dollar of troubled assets , also the FED is there buying up credit cards debt auto debt student loans the fact that the FED has interests rate at zero that also helps Goldman Sachs

Inflation or Deflation Andrew Schiff On Fox Business

Andrew Schiff June 18 2009 Fox Business - America's Nightly Scoreboard :
is it Inflation or Deflation debate on Fox Business featuring Andrew Schiff the little brother of Peter Schiff , Andrew says that Gold is the hedge against inflation on the second place come commodities , the gold prices are expected to soar in the next month due to the massive money printing of money , both guests agree that the FED is destroying the dollar , remains the question which is the best hedge to protect your saving , is it physical gold , gold certificates silver commodities farm land , mining companies foreign currencies , yen Swiss franc Canadian dollar , kiwi dollar , Chinese shares , Vietnamese stocks Asian real estate , crude oil , natural gas , copper diamonds , art or what else ...etc...???

Back in the U.S.S.A. by Peter Schiff

Peter Schiff recently wrote an article entitled Back in the U.S.S.A. here is a snapshot and the link for the full article :
Harry Browne, the former Libertarian Party candidate for president, used to say: “the government is great at breaking your leg, handing you a crutch, and saying ‘You see, without me you couldn’t walk.’” That maxim is clearly illustrated by the financial industry regulatory reforms proposed this week by the Obama Administration. Read the entire artlcle here.

Peter Schiff The Austrian school of Economics at its best

This is one of the greatest speeches that Peter Schiff has ever delivered ( as far as I am concerned ) it was on 13 March 2009 during The 2009 Henry Hazlitt Memorial Lecture. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute under the title : Why the Meltdown Should Have Surprised No One : this lecture or speech is worth listening to over and over againg

Judge Napolitano's Verdict on Obama's Financial Overhaul Plan

Judge Andrew Napolitano says Obama's financial overhaul plan, which gives the Federal Reserve even MORE unconstitutional authority, is madness. and that's his verdict ...and he asks who will regulate the Federal Reserve and what is the meaning of free in free market ? This private super secret bank , half of its board is appointed by the president ,is the most secret aspect in all of the government , think about it said judge Napolitano of Freedom Watch .the Job of the CIA is to steal and keep secrets but we know more about the CIA than we know about the FED continued Napolitano the FED is a private completely unregulated bank , and under the OBAMA proposal the FED will be able to regulate everything in your life including the amount of fat in the cheeseburger ...

Peterschiff : Wall street Unspun 17 June 2009

This week it is not Peter Schiff answering your questions , but it is an Europac personnel named John Downs apparently from LA California . The topics are gold commodities investing in Canadian mining companies , how to open an account with Europac , The Chinese strategy of investments : dumping dollar reserves and purchasing hot commodities precious metals as a hedge against a more than likely coming hyper inflation , the new powers given to the federal reserve by the Obama administration increasing the red tape for individuals and companies , making it harder to cope with the labyrinths of bureaucracy and tons of paper work , an enormous amount of time and energy spent in unproductive bureaucracy...

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The FED should return to market price rule : Kudlow

Kudlow: "Team Obama Wants To GIve The Federal Reserve A Virtual Dictatorship" :
I am really happily surprised to hear this last Kudlow statement , this same Kudlow who a couple of weeks ago was claiming that the economy has started to grow again , good that he has started learning from Peter Schiff , and I look forward to his next interview to Peter Schiff which I hope will be very soon ...Kudlow says "Team Obama Wants To Give The Federal Reserve A Virtual Dictatorship" Kudlow like you have never seen him before saying "Let's roll this thing this is Geithner testimony : Team Obama Wants To Give The Federal Reserve A Virtual Dictatorship" " and I do not like it one bit "The Fed caused the credit crisis in the first place where the bubble had a policy of cheap rates monetary explosion and a sinking dollar they also initially missed the credit crunch crisis , look since they broke it why does anyone believe they'll fix it " "let the federal reserve return to a market place rule for money including gold the dollar bond rates and commodities , this will return to the stable money period from the early 80s to the late 90s before we embarked in this monetary insanity that totally destabilized the economy and completely undermined the stock market " and here is my final point " Washington is spending far too much time on regulations which is a states government approach , they are not spending enough time on ways to grow the economy with free enterprise incentive and strict limits to spending and borrowing debt creation and taxes ..we need economic growth right now that is number one we need risk taking we need entrepreneurship and yes we need all kind of transparent market I am all for that but we need growth growth growth ..." "Stop the Fiscal Insanity "

We need market forces not regulations Peter Schiff

PETER SCHIFF Against Obama's Bill :
Regulation of financial services did not stop the NASDAQ Bubble
small brokerage firms similar to Euro Pacific Capital Europac of Peter Schiff that are not too big to fail and have not been bailed out will have hard time keeping up with new government regulation and eventually will need to hire more personal ...The crisis is created by the excess of regulations not the lack of them , government interventions ..we need market forces not regulations , we are sawing the seeds of a greater disaster down the line , we should remove those regulations that disarm the market those regulations that created the crisis and led to the excessive risk taking . we want to reembrace free capital market and market principals , we do not need more government interferences and more regulations , the government continues to inflates bubbles ...we have learned nothing from the experience of the NASDAQ Bubble . all these regulations are just going to create a bigger government the result is gonna be a bigger problem and we are sweeping this under the rug , this bill will create more government agencies and new bureaucracy all this is unproductive job creation and excessive bureaucracy

Peter Schiff on Gold Seek Radio - 06-17-09

Commodities either go to the moon or go to Pluto says Peter Schiff on Gold Seek Radio this 06-17-09. Peter Schiff talks about the recent rising unemployment numbers, US treasuries and thinks at some point Build your own custom video playlist at embedr.coman ounce of gold will equal the DOW. Peter mentions the possibility of a bubble in Gold and precious metals in general but also in a mining companies bubble but he thinks it is years and years away from even forming right now gold and gold stocks are undervalued , they are not expensive yet , we are rather closer to the bottom than to the top in term of gold prices , cause if there was a bubble you would see everybody buying gold then there is a possibility of a bubble but for now people are selling their gold for pieces of paper namely dollar bills

Freedom Watch with Peter Schiff

Freedom Watch 17 June 2009 :
today's Freedom watch with Judge Napolitano featuring Peter Schiff :The Fed is the problem too much governement means too many problems too many regulations too many obstacles to free market

• Rep Ron Paul – Congressman, Doctor, Freedom Fighter

• Peter Schiff – Euro Pacific Capital

• Dr. Yaron Brook – President, Ayn Rand Institute

• Lew Rockwell – LewRockwell.com, Mises Institute

• Thomas E Woods – Author of the wonderful book “Meltdown” and other great works.

• Mike German – ACLU

• John Pappas – Executive Director, Poker Player’s Alliance

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Peter Schiff : BRIC nations do not depend on the Dollar , The dollar depends on Them

Peter Schiff : Economy is phony, Dollar would collapse if not for BRIC countries intervention

Peter Schiff on Russia Today : government are the source of the problems .Government regulations did much more harm than good ,and in fact one of the main reasons we have this crisis today is direct government regulations and government interference and regulations imposed on the free market , the government created a situation of excessive risk taken that leaded to the collapse.The government interference in the market created the crisis , now their solution is having more government and more more government interference .they claim that the market created the problem and that the solution is more government and more regulations .This is MUCH longer than Schiff's gig with Jon Stewart ! Here US economic commentator and stockbroker, Peter Schiff , shares his views about recent developments in the world economy. Schiff calls the US economy "phony" ,monetary and fiscal policies "failed".. get the full spectrum of Schiff's views and ideas...If the government took control of the banks they will become less efficient , they will have more losses they will need to be subsidized. The BRIC nations

The BRIC Summit and The Reserve Currency Debate

intra BRIC Brazil, Russia, India and China trade have increased significantly in recent years because you have a huge consumer of commodities that is China and a huge producer of commodities that is Russia , in this case why bother going to the American dollar , the only problem you have in those countries is that you do not have full convertibility yet or their currencies , there should be a currency of exchange in the middle and this in the future could be the Yuan or the Euro..."What the BRIC are trying to do is effectively move away from the issue that they've got themselves, which is a vast amount of foreign exchange reserves predominately denominated in dollars. They're seeing that the trade between their own economies has increased significantly," Shanat Patel from Liberum Capital said.there is not a viable alternative to the dollar at this stage , Russia and China together hold a huge amounts of dollar reserves at around 2.4 trillion , as a block the BRIC is becoming very powerful right now
The heads of the BRIC countries called for emerging economies to have a “greater voice and representation in international financial institutions” and for a “more diversified” global monetary system. The comments were made in a joint statement released after the historic meeting today.The leaders of The BRIC agreed to push for more clout in global financial institutions at this first summit, without announcing a common policy on how to flex their $2.8 trillion reserves in US Dollar .

The $134.5 Billion Bond Seizure in Italy

The mysterious $134.5 Billion Bond Seizure found by the Italian finance police " La Guardia Di Finanza " at the Swiss Italian Border of Chiasso on two apparently Japanese Citizens raises multiple questions on whether those bonds are real or fake , both are two scary scenarios , if the bonds are real this means some foreign government is trying to dump the US treasury bonds before the hyperinflation hits ?!?!?! that's a plausible scenario , the other scenario is that some foreign government with the capacity and the technology of printing money is now into the business of printing "counterfeit US treasury bonds" and is ready to flood the market with fake US bonds ? could it be Iran North Korea the Russian Mob or the Italian Mafia , who knows ? we all remember that in the 80s , Iran have purchased a US dollar printing machine and have flooded the market with fake US dollar bills , the printing fraud was located in southern Lebanon and was controlled by Iranians ...this is a huge amount of MONEY that is 1% of US GDP , this could destabilize the markets ...the funny coincidence about this is that the arrest of these two Japanese citizens came just a couple of days after the Japanese Finance ministers publicly declared his total and full faith in the strength of the DOLLAR ...!!! all this leave us with too many question marks , only time will answer them ...

US Treasury bonds sales in sharp decline

Foreign governements and Investors have been very shy lately when it comes to purchasing US treasury bonds , according to the The Treasury Department the sales of Treasury bonds have dramatically dropped in the month of April compared with the month of March from $US55.4 billion in March to $US11.2 billion in April.
Both China, the largest holder and buyer of US Treasury Bonds and Japan have dramatically reduced their purchases, other Foreign governments and private investors have done the same .
US investors have been sending their money abroad, too. US residents invested $23 billion in long-term foreign securities in April, up from just $1 billion in March.
China alone owns 10 per cent of America's publicly held debt.

For the first time in 11 months China's holdings of US Treasury bonds fell - to $763.5 billion in April, according to US government data .

The figure is down from March's $767.9 billion, was the lowest since June 2008

After Japan Russia hails the Strong Dollar : Peter Schiff

Peter Schiff Vlog of this Monday June 15 2009 : The DOW was weal all day to day , the market is reacting on part over some comment on the weekend come out of the G8 with regard to the need of ultimately withdraw some of the fiscal and monetary stimulus , and obviously that's huge understatement , also today we had a strong rally of the dollar which means weakness in commodities and gold , we also saw a rally on the bond market , and I think a lot of this dollar and bond strength was arranged based on talks coming out of elected officials over the weekend , basically the finance minister of Russia came out and said that he has complete faith in the strenght of the dollar the same way the Japanese minister said just a day or so before him ...this must have been staged , the fact that you have these officials talking up the "strength of the dollar" shows how much the dollar is really weak , nobody is talking about the Euro or the Yen...Peter Schiff then ends up by talking about Obama's Health care and the too Big to fail notion that ois against the free market laws and sets a Dangerous Precedent
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Peter Schiff on the Commodities Watch Radio

Peter Schiff is bullish on Uranium for long time , the fundamentals are extremely fantastic for the Uranium Peter Schiff said , when oil was cheap Uranium was practically given away dirt cheap , most of the producers were bankrupt , nobody was mining it the Russians were selling the Uranium for their war heads , but it is obvious that china Russia and India will continue to build nuclear powers and thus they need Uranium because there is no substitute to it , even if the prices go high they will still buy cause it is very expensive to shut down a reactor , they have to pay the price whatever it is it does not matter , it is too expensive not to buy and there is no substitute to it , the prices will probably keep on going up for Uranium I do not know how high the uranium prices will go before a nuclear power becomes uneconomical , apparently still a long way these prices , because it is still a very small percentage of the overall cost of a nuclear implant ...Peter Schiff says "I am just trying to help my clients to get out of the dollar , the optimum entry point is Right Now I do not wanna be on the dollar for a day longer than I have to , I think everyday as an American you go to sleep and the only reason you do not wake up in poverty is because the Japanese and the Chinese kept buying dollars for another night , I am looking to buy defensive stocks I am looking for good dividend , that's my whole idea I wanna have income coming from foreign sources so we have a meaningful cash flow so if the dollar collapse the value of our income stream flow rises to compensate our lost of purchasing power "

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DON'T BAILOUT CALIFORNIA says Peter Schiff of Euro Pacific Capital

Obama Should Tell California to Drop Dead says Peter Schiff
DON'T BAILOUT CALIFORNIA! "Just as government guaranteed mortgages lead the market to make overly risky home loans, federally guaranteed state obligations will set the stage for yet another crisis."
"Federal backing of California bonds would effectively turn them into Treasury bonds, with the added appeal of being exempt from California state income tax. Therefore, the Treasury will be at a competitive disadvantage when it looks to issue its own debt to Californians. If it then has to guarantee the bonds of all the other 50 states, why would any Americans buy Treasuries when they can get identical credit quality on better terms from the states? The only real buyers left would be foreigners, who are already queasy about the Treasuries they own."
-Peter Schiff of europac.net
Read entire article here

The Collapse of the Dollar is Inevitable

Do we live on a bubble? Is it possible for the heavily indebted American economy to collapse and take all of us down in a free fall with it? Have the days of the dollar been counted? Is it really unimaginable that we will see the time of the Great Depression repeating itself?
VPRO Backlight and Dutch national newspaper NRC Handelsblad present this 'what if' scenario. What if the dollar collapses? Fiction meets facts in this 24 hour scenario. At 9AM a Singapore trader is ordered to sell a large amount of dollars, which sends off the enormous downfall of the dollar. This film shows the results for the world economy every following hour. It ends in Amsterdam, where the only currency accepted by a taxi driver is sigarettes...
History seems to have caught up with this 2005 film, though in slow-motion...
Includes interview with analist Stephen Roach, Andy Xie, Maarten Schinkel, Cees Maas, Rob de Wijk and Kees Vendrik.

Bank of Japan confident in the U.S. dollar ?! by Peter Schiff

Peter Schiff Report Video Blog June 12th 2009 the dollar rallied a bit today , the bank of Japan has complete confidence in dollar , the US dollar reserve status is unshakable , they must be kidding , , it is probably a favor asked to the Japanese by some American politician ...there is no strong dollar policy ..we have a weak dollar policy what have we done to install confidence ? they also say that they have complete confidence in US treasury bonds ...this is madness ! this is probably a pure show the japanese are not fools , probably the japs are doing "pump and dump" that's waving a flag to the speculators , based on the fiscal and monetary policy we are pursuing the dollar will go as low as 50 yens ,,that's self serving coming from one of our major creditors , the statement was so powerfull and so positive that it must be FAKE ...foreign stock markets in general performed better than our ...

Peter Schiff on The Daily Show with Jon Stewart 6/9/09

The too Big to Fail versus the too Big to Bailout :
They got us all drunk with low interest rates Peter Schiff on Jon Stewart The Daily Show
Schiff was today on the Jon Stewart Daily show for a mix of laughter economic common sense ..Jon Stewart rerun the "Peter Schiff was right" youtube clip while some experts were still laughing at Peter despite him being right ...Peter explained that everybody else was drunk on cool aid and that's why they did not see the economic trouble and recession coming as he did , the fundamentals of the economy as I understood them are getting worse not better added Peter , and the reason the economy is in bad shape today is because of all government previous stimulus they are the ones who got us all drunk , who got us all leverage up with low interests rates and now Barack Obama and Benbernanke are doing the same as Bush and Greenspan did only worse...nothing has really changed I think the only reason they want everybody drunk is because that's the only way for them to get reelected , but if people understood how much trouble the country is really in they might actually blame some of the people who have created this problem which are the people in Washington and people on Wall Street ...we we should have done is let all the institutions that made bad investment fail , Jon Stewart replied ironically " they are too big to fail..." Peter "no they are not "! "They are too big to bailout ...we need to let them fail the economy would eventually benefit from a lot of these bankruptcies now we are suffering from all the bailouts and unfortunately we need to allow the economy to restructure , the problem is too many Americans bought too much stuff that they could not afford with money they could not have and we have to go back to a basic economy where the economy grow based on under consumption based on savings , we have to produce more and consume less ...Jon Stewart replied that all we have is our consumption you take that from us and we are Poland ...Peter " it got to be taken from us because we are buying stuff with money from the Chinese from the Japanese they are not gonna keeping lending us money that we cannot afford to pay back , we have to start making stuff again because pretty soon people think it is bad when your hous loses value , when we will see that money loses value and can't buy anything...and more...

Bernanke and Poulson Should be in Jail Says Peter Schiff

The Bonds Bubble has Burst Peter Schiff Wall Street Unspun
excellent Wall Street Unspun this Wednesday with Peter Schiff touching a wide range of subjects the bond market inflation crude oil prices skyrocketing his show with Jon Stewart the Daily Show his book Crash proof being number 23 in Amazon , the dollar continuing to be weak ,the rally of the commodities currencies Norwegian krona Australian and Canadian dollars , ,gold mint in Perth Australia ,the bond bubble has burst there is a lot of air in that bubble and a lot of deflating to do , if you think that the dollar have fallen enough just wait ... , The possibility that the US government start seizing gold Peter Schiff thinks Bernanke should be in jail , Peter also mentions Warren Buffett criticizing him his attitude sending the wrong patriotic message , he also talks about Marc Faber and the fact that he is 100% sure America will go into hyperinflationand more ...more ...

Commodities Currencies continue their Rally , Yields are up because of Inflation Peter Schiff

Australian and New Zealand dollars and other commodities currencies are up by 3 percent today alone , also Copper continue to be strong new high for crude oil at $72.50 .."Wall street still got everything wrong they're still spinning the rise of the commodity prices on strength in the US economy , also interest rates hit new high this morning , finally we got a rally in the bond market today I do nnot think that rally will last for very long I expect the yields over 10 years to be above 4 percent relatively soon but again" " yields are not moving higher because of improved prospect of growth they are moving higher because of Inflation"

Peter Schiff and The Senate Race

Peter Schiff may be running for Senate
Peter Schiff seems to be serious about running for senate ..after that yesterday Peter Schiff told Jon Stewart on the Daily Show that "I am considering running for Senate in my home state of Connecticut," , today Reuters came with an article mentioning that Peter Schiff was not available for comments on Wednesday but that his brother Andrew told Reuters that Schiff was traveling to Washington to meet with Senator John Cornyn, chairman of the National Republican Senatorial Committee. this another in a serie of signs that may lead to think that Peter Schiff is seriously considering to take the big jump into the political world , we all remember that during his speech at the Connecticut Libertarian Party convention this last 30 May 2009 Peter Schiff told supporters and potential voters that "The Only way to defeat the Republican Party is to do it from within "
to read Reuters article Click here :

Freedom Watch with Judge Napolitano episode 18

06/10/2009 Freedom Watch 18 with Ron Paul, Dan Hannan, John Stossel, Nick Gillespie no Peter Schiff this time

They got us all drunk with low interest rates Peter Schiff on Jon Stewart The Daily Show

The too Big to Fail versus the too Big to Bailout :
They got us all drunk with low interest rates Peter Schiff on Jon Stewart The Daily Show
Schiff was today on the Jon Stewart Daily show for a mix of laughter economic common sense ..Jon Stewart rerun the "Peter Schiff was right" youtube clip while some experts were still laughing at Peter despite him being right ...Peter explained that everybody else was drunk on cool aid and that's why they did not see the economic trouble and recession coming as he did , the fundamentals of the economy as I understood them are getting worse not better added Peter , and the reason the economy is in bad shape today is because of all government previous stimulus they are the ones who got us all drunk , who got us all leverage up with low interests rates and now Barack Obama and Benbernanke are doing the same as Bush and Greenspan did only worse...nothing has really changed I think the only reason they want everybody drunk is because that's the only way for them to get reelected , but if people understood how much trouble the country is really in they might actually blame some of the people who have created this problem which are the people in Washington and people on Wall Street ...we we should have done is let all the institutions that made bad investment fail , Jon Stewart replied ironically " they are too big to fail..." Peter "no they are not "! "They are too big to bailout ...we need to let them fail the economy would eventually benefit from a lot of these bankruptcies now we are suffering from all the bailouts and unfortunately we need to allow the economy to restructure , the problem is too many Americans bought too much stuff that they could not afford with money they could not have and we have to go back to a basic economy where the economy grow based on under consumption based on savings , we have to produce more and consume less ...Jon Stewart replied that all we have is our consumption you take that from us and we are Poland ...Peter " it got to be taken from us because we are buying stuff with money from the Chinese from the Japanese they are not gonna keeping lending us money that we cannot afford to pay back , we have to start making stuff again because pretty soon people think it is bad when your hous loses value , when we will see that money loses value and can't buy anything...and more...

Dollar is UP , Gold and Oil Down Counter trend rally

Peter Schiff Vlog for today talks about the strength of the dollar the weakness in Gold and Oil a counter trend rally , Peter says that he do not think that the dollar is going to go any higher than where it is now and that the gold is not going to lose any ground , Investors should keep on looking at gold as a safe heaven against the inflation , The news of today about the supreme court blocking the government plans for Chrysler , Peter sees some hope in here , a good number of Chrysler assets are being turned to FIAT , some of the creditors have files lawsuit to prevent the transfer of the assets to the Italian auto maker FIAT , apparently FIAT is getting the assets for free although they are promising not to lay off any workers , but they are not paying any money and this has nothing to help the creditors , hopefully this won't set up a precedent , because otherwise who would lend money in the future to an American company , Peter talks later about the European election and how the trend in general is "away from socialism" less government ...this while America is being slowly and totally socialized under the Obama administration ...Peter ends by talking about his CNBC interview this morning , the bailout , inflation gloom and doom and the terrible things is super government is doing to this country , we gonna need foreign credit and foreign capital , Peter Schiff says that he is against the fact that the US government borrow money from foreign sources but he agrees that American companies need foreign money and foreign markets in order to grow and prosper...

The American Economy is a Giant Ponzi Scheme ready to Collapse : Peter Schiff

The Reserve Currency Status Corrupted America :
Gold is money and only gold can replace the dollar , if we move to the Euro as a reserve currency , ultimately it is going to corrupt Europe just like the Reserve Currency Status corrupted America there is no way we are debt back , we are going to default no matter what the credit rating agency are saying , are we going to be honest and restructure our the debt or are we going to keep on solving the problems by printing more money and issuing junk bonds ...we will end up like Argentina ....There gonna be a massive inflation Says Peter Schiff This morning on CNBC , he also talked about the massive inflation the debt that we are sinking in the federal reserve continuing to print more and more money out of thin air , the GDP is highly inflated with phony numbers , teaser rates , we are like Bernie Madoff running a giant Ponzi scheme ..people bought houses using teaser rates ...we do not know how long this recession will last

Peter Schiff sees Asia Rising while America declining and the dollar crashing

Peter Schiff foresees a doomsday scenario for America in a recent interview with The World Future Society he predicted that Asia as a whole and not only China and Russia will rise to the rank of super power , with China and Japan becoming more reliable on domestic markets rather than the American consumption....meanwhile America will continue its irreversible decline with the risk of civil unrest , hyperinflation the crash of the dollar and the probability of the government starting to implement extreme measures such as seizing assets and precious metals " gold and silver " from its citizens ...when The only buyer left for the US treasury bonds is the federal reserve , the bond market will collapse inflation will soar consumer prices will sky rocket the dollar will crash this is a plausible scenario that could happen any time now as long as the FED keeps on printing money out of thin air instead of implementing free market regulations
You can read this scary interview here ,This is probably the most pessimistic interview Peter Schiff has ever given , with disturbing details ranging from the total collapse of the USA to civil unrest , very close to what Gerald Celente has been predicting for years ...quite disturbing and scary ...

Peter schiff will be on The Daily Show with Jon Stewart next tuesday and monday on The Squawk on the Street on CNBC

Wall street Unspun this Wednesday 03 June 2009 is rather with Andrew Schiff the little brother of Peter Schiff , he will discuss among others the GM bankruptcy the price of gold almost reaching a thousands dollars an ounce the coming hyperinflation the imminent dollar crisis bonds stocks raw material commodities mines precious metals the banks the real estate and credit bubbles the commercial real estate crunch and much much more ...

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Freedom Watch 17: Ron Paul, Daniel Hannan, Lew Rockwell, Tom Woods, Radley Balko, Shelly Roche 06/03/2009

another episode of Freedom Watch (Number 17) with Judge Napolitano .
Here are the guests :
* Rep Ron Paul - Your favorite Congressman
* Daniel Hannan - British MEP
* Lew Rockwell - LewRockwell.com
* Thomas E Woods - Author of “Meltdown“
* Radley Balko - Reason and The Agitator
* Shelly Roche - @shellyroche on Twitter

Part 1 of 4 :



Part 2 of 4 :



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Part 4 of 4 :