Peter Schiff : America In Worse Shape Than Europe Peter Schiff : the situation is worse in America than what it is in Europe , we are able right now to benifit from the european problems because people are buying dollars because they are afraid of the debt in Europe even though the debt is bigger in here and we are making it even bigger ....
Peter Schiff : Stocks went up but the Cost of Living went up even higher Peter Schiff : well, it's not just the fed. you have to throw congress in there. they're the ones running the deficits that the fed is monetizing. but the combination of deficit spending and QE is what's destroying the value of the dollar and sending prices higher. stocks are no exception. we're not getting richer because the nominal value of our stocks goes up. most americans are going to get poorer because when they go to spend their dividends or the proceeds from the sale of their stocks, they're going to find the cost of living has gone up a lot faster than their stock portfolios - in CNBC
Peter Schiff Interviews Laurence Kotlikoff 01-18-12 Peter Schiff Interviews Boston University professor and Keynesian economist Laurence Kotlikoff on U.S. economy , the U.S. budget deficit and the debate over tax policy. Laurence Kotlikoff is author of the book Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking
Excellent Austrian vs. Keynesian economic policy debate
Peter Schiff – interviewed by this week in money (14 January 2012 ) about where he sees the US dollar going " the dollar is not strong , it certainly has been less weak than the Euro recently , but both currencies are weak , gold tells you that , the price of gold is up not at a record yet but the trend is clear in the upward direction so I think both the dollar and the Euro are losing value currently the euro is losing it a little bit faster than the dollar , but I think in the long term the problems in the US are actually larger and more severe than the problems in Europe and I think are more dangerous to blow up in the short run so I think that the people are exaggerating the demise of the Euro not focusing on the more imminent demise of the dollar and in the process they are buying some extra time for the dollar because a lot of this European flight money is going into the US treasuries and that's allowing the US government to stimulate the economy more and the stimulus is the problem it is like a toxic drug and the more government stimulus we get the more sicker the real economy becomes "
Peter Schiff on the S&P downgrades Peter Schiff : yesterday S&P came out and downgraded nine European nations this is only adding anxiety to the problems that are plaguing Europe and the concern about sovereign debt , the results are money pouring into the US Dollar , the Euro hit 16 months low the dollar index traded as high as September 2010 says Peter Schiff who explains that the US is in a worse shape than Europe as there are only two countries in Europe, that have higher debt to GDP ratios than the US and that's Greece and Italy Ireland and Portugal are about the same as the US , even France that was downgraded it was downgraded to the same note as the US ...this without even counting all the unfunded liabilities in the US
