Peter's Blog

Stockman: US Is Facing Another Recession (Video)

With typical incisiveness, David Stockman laid out for Bloomberg the precariousness of the US economy. The former White House Budget Director called out the Republicans for their failure to do anything about the runaway budget deficit. He expects the government to do what it always does: blink in the eleventh hour when faced with a […]

Sound & Unsound Money: Gold vs. Dollars (Video)

Dr. Joseph Salerno, Academic Vice President at the Mises Institute, spoke with Power Trading Radio about the declining value of fiat currencies and the Federal Reserve’s incentive to depreciate the dollar. The interview is long, but Salerno’s comments are a good primer on how precious metals became — and remain — sound money. He also […]

History Is on the Side of Gold, Not Stocks

In a short article for Casey Research, Jeff Clark observes that the gold price has declined for eight consecutive days for the first time since 2009. However, investors shouldn’t worry too much. As the chart below shows, gold prices often cycle through a low point in March before picking up again. Since 1975, March has […]

Jim Rogers: Invest in Freedom and Hard Assets (Audio)

Famed author and contrarian investor Jim Rogers spoke with Kerry Lutz of Financial Survival Network about the absurdity of central banks being run by clueless academics. He says that most of the world is under an illusion of prosperity and that our reliance on credit will have devastating consequences. Rogers also echoes Peter Schiff’s message […]

Rickards: When the Fed Blinks, Gold Will Rally (Video)

Alix Steel of Bloomberg spoke with Jim Rickards, author of Currency Wars, about the Federal Reserve’s conundrum over raising rates. Rickards says that despite what the Fed says now, it’s not going to raise rates in June. Meanwhile, gold has shown strength even in the face of supposed deflation. Rickards is confident that the yellow […]

Mises President: Another Crash Is Coming (Audio)

Jay Taylor of Taylor’s Hard Money Advisers interviewed Mises Institute President Jeff Deist about gold as safe money and the importance of unrigged markets. He warns that soon we are going to be faced with another crash as global debt levels rise. Just like Peter Schiff, Deist believes that when the rest of the world […]

Silver Can Protect You from a Worldwide Debt Bomb (Video)

David Morgan, a precious metals expert and creator of the Morgan Report, spoke with Greg Hunter of USAWatchdog about the value of silver as a universal currency and how people are starting to wake up to the lies of central banks. He believes that the world is now facing a dangerous “debt bomb” that central […]

Ron Paul Fires Back at Fed Apologists

Ron Paul published a scathing article attacking the Federal Reserve’s anti-audit propaganda. Responding to vocal Fed apologists, Paul writes that the American people have a right to decide if the Fed’s monetary system is harmful and current auditing laws are not comprehensive enough. Paul’s main arguments for a Fed audit include: Contrary to what Fed […]

Marc Faber: Prepare for a Gold-Backed Chinese Currency (Video)

Renowned contrarian investor Marc Faber predicted in an interview with GoldSeek Radio that China will eventually switch to a gold-backed currency. He bases this on the widespread understanding that China has larger gold reserves than are officially reported. Faber also explained why the US dollar’s days as a global currency are numbered. This is due […]

Greenspan: Poor Productivity Means Economy Is in Trouble (Video)

Just last week, Alan Greenspan appeared on CNBC saying in no uncertain terms that the United States economy is “not strong.” This morning he returned to the news to explain why the US has a major productivity problem. Though Greenspan doesn’t acknowledge it directly, this is a sign of America’s waning global economic power and […]