Posts in "Peter Schiff of Euro Pacific Capital"

By Joshua Parrish at 12:15PM

Sep 16, 2011

What Obama Should Really Do to Spur Job Growth

This statement from Mr. Schiff was entered into the Congressional Record on the morning of September, 13 2011 as testimony before the House of Representatives Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending hearing: “Take Two: The President’s Proposal to Stimulate the Economy and Create Jobs.”

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By Megan Duffield at 3:55PM

Sep 9, 2011

Don't Be an Uneducated Silver and Gold Buyer

I know being a student or recent grad doesn't allow for much investing, but as of late many opportunities have come up to get your physical silver and gold purchases started. I won't go into detail about my own personal investment practices, however I went into most of my investments trusting the person on the other end of the deal. Luckily, I wasn't dooped into spending far too much on far too little, but I know people who have had bad experiences with metal dealers.

I want to encourage all of you to start reading into your options when it comes to buying precious metals as a hedge against inflation, a temporary investment, or something you want to use for bartering. I recently read a great report, by Peter Schiff, that helped me understand and identify popular scams that are out there. Since precious metals are becoming more of a mainstream haven for investments, you have to watch out for the frauds.

So spread the news to friends and family who are interested in getting started or who maybe had a bad experience the first time around. There are honest places and investing in precious metals seems to be a great decision, thus far. Join the Gold Scams Facebook Page for more details on stories, fraudulent companies listed by name, and just go and post a question to be answered!

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By Megan Duffield at 11:27PM

Feb 19, 2011

Peter Schiff on the Fed's Future

When you think of the financial crisis and the lonely voices that predicted the housing market and dollar's demise, what face do you see? If Peter Schiff pops into your head, you've been paying close attention.

Peter Schiff, CEO of Euro Pacific Capital, sat down with our Director, Pasha Roberts, to discuss the economic-disaster world our Rebels live in in 2019. One thing Schiff notices right off the bat is our timeline may be a bit generous to the Federal Reserve.

Please enjoy and share our interview, available here.

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By Eric Sieker at 2:04PM

Sep 2, 2010

'Overdose: The Next Financial Crisis' on Youtube

Johan Norberg's new documentary entitled 'Overdose: The Next Financial Crisis' is now available in its entirety on youtube. The documentary features interviews with Pete Schiff, Gerald Celente, and Vernon Smith, as well as others. Check it out and spread it around.

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By Jeremy Davis at 8:45AM

Jul 23, 2010

Peter Schiff asks "Why Not Another World War?"

In his most recent article, Austrian economist Peter Schiff analyzes the old Keynesian belief that the so-called stimulus of war time spending can rescue economies and pull us out of depressions.

There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iraq and Afghanistan are failing to make the same impact today, they often claim that the current conflicts are simply too small to be economically significant.
There is, of course, much irony here. No one argues that World War II, with its genocide, tens of millions of combatant casualties, and wholesale destruction of cities and regions, was good for humanity. But the improved American economy of the late 1940s seems to illustrate the benefits of large-scale government stimulus. This conundrum may be causing some to wonder how we could capture the good without the bad.

If one believes that government spending can create economic growth, then the answer should be simple: let's have a huge pretend war that rivals the Second World War in size. However, this time, let's not kill anyone.

You can check out the rest here.

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By Bonnie Kristian at 8:19AM

May 10, 2010

Dear University Alumni Office

Other YAL bloggers and I have posted repeatedly on the way government intervention in the student loans/aid market has driven up the cost of college. See, for instance, Peter Schiff on "How Government Programs Drive up College Tuitions," or Mish Shedlock on how Obama's student loans proposals will just lure students into greater unsustainable debt.

So this selection from the Best of Craigslist seemed appropriate, amusing, and economically on target [warning: *ed out foul language]:

Dear University Alumni Office,

I'm sorry to hear that the university's $750 million endowment has fallen in value to $500 million because of the recession and because your bank died. I'm also sorry to hear that you're dealing with declining enrollment due to the fact that middle-class families are no longer willing or able to bet their homes on a $45,000-a-year higher education for their children. I really am.

So, what I want to know is, why are you wasting money on glossy fundraising brochures full of meaningless synonyms for the word "Excellence"? And, why are you sending them to ME? Yes, I know that I got a master's degree at your fine institution, but that master's degree hasn't done jack sh*t for me since I got it! I have been unemployed for the past TWO YEARS and I am now a professional resume-submitter, sending out dozens of resumes a month to employers, and the degree I received in your hallowed halls is at the TOP OF IT and it doesn't do a f*cking thing.

Is Obama's new student loans bill good for students?

Short answer is no. Let's analyze why.

The argument for the bill seems simple enough, right?

The Administration essentially wants to cut companies out of the game and run the system itself. Democrats claim the move will save $87 billion over 10 years, which can be used for a laundry list of education priorities, including increasing the maximum amount of Pell Grants, expanding Perkins Loans and investing in community colleges and other programs

But consider what increasing Pell Grants actually does. In a free market, colleges would only be able to set their prices so high before demand decreased because people would not be able to afford tuition. But when goverment starts giving out handouts for college, schools can jack up prices by the same amount. This results in perpetually rising tuition no matter the state of the economy -- and remember, not everyone gets a government handout, but they still have to pay the school they attend.

But don't take my word for it.

Schiff Destroys Krugman

Usually Peter Schiff rambles in his video blogs, but in this one he says so much and utterly destroys Paul Krugman (not that its too hard).

Its unfortunate that even though Peter Schiff is consistently right about stocks and economic policy, he is still ignored.

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By Bonnie Kristian at 8:35PM

Nov 3, 2009

New Series on Health Care from C4L

Featuring: Dr. Rand Paul, Judge Andrew Napolitano, Peter Schiff of Euro Pacific Capital, MEP Daniel Hannan, Dr. Ron Paul, and Dr. Tom Woods. Sounds good, no? Here's the intro video. The first segment, with Schiff, is below the jump.