If The Fed Stops, We Will Have A Complete Collapse

The Federal Reserve is not going to back off. The market is going to push it off. The Federal Reserve is going to do this until it cannot do it anymore. Because if it stops then we have a complete financial collapse.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Digital Currencies Backed By Gold?

I am already starting to hear about digital currencies that would be backed by gold, which would make them a more legitimate currency, more of a replica of the original paper currencies that were backed by gold.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Bitcoins: Don`t Have Any Value Absent Being A Medium Of Exchange

The main problem when you try to look at bitcoins versus gold, because people are saying, well, its just a new version of gold. For hundreds of years, maybe more, before gold was used as money it was already used, it was an acceptable highly coveted, valued commodity that people wanted. It eventually became used as money because it was a more manageable commodity than other commodities that were used as money in addition to gold. So gold just was the commodity that was best suited to also be money but it was first and foremost a commodity, a luxury good that was in demand all around the world.

The thing with bitcoin is nobody wanted bitcoin until it was invented for commerce. The sole purpose of bitcoin is to be used as money. But it does not have any value absent being a medium of exchange.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

There Is A Bubble In The Stock Market

Deja vu, all over again. Alan Greenspan actually came out today and proclaimed that there was no bubble in the stock market. He ought to know right because he is 0 for 2 in terms of spotting bubbles. I think its 3 strikes and he is out. Because not only there is a bubble in the stock market, the Federal Reserve has managed to inflate bubbles in the stock market, in the bond market and in the real estate market simultaneously!

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: U.S. Stocks Are Expensive

Video Summary: 2014 Outlook for U.S. Stocks.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Bitcoins: Tulipmania 2.0

It`s not the gold standard 2.0, it`s the tulipmania 2.0. You are going to have a collapse in prices in bitcoins. I don`t know where the top is. Is it the top now? It might be, it might not be. We know it`s not the bottom. Clearly if you are buying bitcoins today, you are not getting in at the bottom, you maybe are getting in at the top.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.