A currency war is different from any other kind of conventional war in that the object is to kill oneself.
Peter Schiff
Presidente de Euro Pacific Capital, empresa de servicios de bolsa especializado en títulos extranjeros, Peter Schiff es reconocido por su experiencia en los mercados de valores, divisas y metales preciosos. Captó la atención internacional al predecir con exactitud el colapso del mercado de la vivienda, la crisis de las hipotecas subprime y el aumento del precio del oro en relación al dólar. Schiff ofrece conferencias en los principales congresos económicos y de inversión. A menudo es citado en medios impresos como The Wall Street Journal, The New York Times, Los Angeles Times, Barron's, Business Week, Newsweek International, Time y Fortune. Aparece regularmente en la CNBC, Fox Business, CNN, MSNBC y Fox News Channel en calidad de analista invitado y tiene su propio programa de radio.Como autor ha escrito cuatro libros, los cuales se han convertido en best sellers. Entre ellos destaca "Crash Proof 2.0: cómo aprovechar el colapso económico".
Gold in the Crosshairs
When the reign of “king dollar” finally comes to a belated end, let’s hope all the gold we allegedly have stored in Fort Knox is actually there.
The Stockman Backlash
Stockman’s NYT piece offers a litany of objectively dismal facts and cogent explanations of how we got here.
The Pound Gets Pounded
The travails of the pound is far more instructive to those pondering the fate of the U.S. currency.
The Bernanke Shock
The whole situation mirrors the late 1960s, during a period that led up to the “Nixon Shock.”
The Trillion Dollar Trick
A failure to raise the debt ceiling is not a commitment to renege on obligations. It is simply a decision to stop borrowing.
Congress Avoids the Cliff by Selling Us Down the River
We are now – and will remain – a debt-fueled economy for as long as the rest of the world permits this to continue.
Mish Shedlock Exposed
While the “Peter Schiff was Wrong” campaign was a great marketing success for Shedlock, it was a disaster for any investors taken in by the rhetoric.
Doing Away With Ceiling Drama
Both Congress and the President readily admit that without an increase in the debt ceiling, the government will default on its obligations.
Patriotic Millionaires Unmasked
The elevation of taxpaying into an act of patriotism seems a stretch for most Americans.
The Fed Plays All Its Cards
Although the Fed is directing its fire towards the housing market, the needle they are actually hoping to move is not home prices, but the unemployment rate.
El patrón oro vuelve a estar en boga
Si uno cree en la libertad individual y en un gobierno limitado, entonces el patrón oro es el mejor aliado.
The Gold Standard Gets Another Look
Under a gold standard, the free market determines money supply and interest rates.
Republicans Hope, But Don’t Change
Ryan never considers how rising interest costs on the many trillions of dollars of outstanding government debt holdthe potential to completely upend budget projections.
The Not So Super Hero
The developments should provide new reasons for investors and economy watchers to abandon their faith in central bankers as super heroes capable of saving the economy.
Supreme Errors
The Supreme Court has a history of giving the government latitude to get around the Constitution.
Damn the Torpedoes
Preserving a broken system merely to avoid the pain necessary to fix it only makes the situation worse.
Economic Reality Bites
Once it becomes obvious just how many dollars the Fed is prepared to print to stave off recession, people running into treasuries today will likely suffer buyer’s remorse.
The Real Crash
As the curtain eventually falls on the drama unfolding in Europe, the world will refocus its attention on the more spectacular events in the U.S.
The Golden Rule Reinterpreted
When currencies fail to adjust something else has to give.
