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On Wednesday, March, 18, Peter Schiff did a live episode of his podcast and took questions for over four hours. In a nutshell, Peter made the case that the real crash is here. He covered a wide range of topics relating to the ongoing and ever-evolving coronavirus crisis.
The demand for physical gold has gone through the roof in the midst of economic chaos caused by the coronavirus. We’re beginning to see shortages of some bullion products. As more people pile into the market, the number of scammers looking to take advantage of gullible investors also increases. Recently, some guy started commenting on […]
US stock markets enjoyed another Tuesday rebound with the announcement of even more monetary stimulus from the Fed and the hope of government fiscal stimulus and bailouts. In his podcast, Peter Schiff said this should make it crystal clear that the government and central bank are rigging the markets.
The Federal Reserve cut rates to zero and expanded quantitative easing on Sunday. How did the markets reward this latest monetary stimulus? They crashed. In his podcast, Peter said he thinks we’ve passed the point of no return.
On June 4, 2019, during an interview on Fox Business, Peter Schiff said the Federal Reserve was going to cut rates to zero and launch another massive round of quantitative easing. March 16, 2020 — here we are.
Central banks started out 2020 buying more gold, but the rate of purchases slowed somewhat. On net, central banks added 21.5 tons of gold to their reserves in January, according to the latest data from the World Gold Council.
On Sunday evening, the Federal Reserve announced additional extraordinary emergency measures in an attempt to keep at least some of the air in the bubble economy. But in fact, the Fed has been engaged in extraordinary emergency monetary policy for over a year.
It appears we’ve pretty much reached complete panic mode. The longest bull market in history came to an abrupt end on Wednesday. Wall Street followed up with another massive sell-off on Thursday. The S&P 500 had its worst day since Black Monday in 1987. Even gold was down. Meanwhile, the Fed tried to stem the […]
The US is heading for economic lockdown as the impact of the coronavirus grows. To cope with the crisis, President Trump has promised fiscal stimulus. The actual plan remains unclear, but the Trump administration has floated a reduction in payroll taxes, along with bailouts and loan guarantees for struggling industries. While the details are murky, […]
The 11-year bull run is over. After a rebound on Tuesday based on hopes of government fiscal stimulus, US stock markets plunged again Wednesday and officially moved into bear territory.
