Euro Pacific In The News

Bankers Join Billionaires to Debunk ‘Imbecile’ Attack on Top 1%

europac admin — Tue, 27 Dec 2011 19:07:42 +0000

By:

Max Abelson

Source:

Business Week

Jamie Dimon, the highest-paid chief executive officer among the heads of the six biggest U.S. banks, turned a question at an investors’ conference in New York this month into an occasion to defend wealth.

“Acting like everyone who’s been successful is bad and because you’re rich you’re bad, I don’t understand it,” the JPMorgan Chase & Co. CEO told an audience member who asked about hostility toward bankers. “Sometimes there’s a bad apple, yet we denigrate the whole.”

Euro Rises, Then Falls As Downgrade Fears Hit Markets

europac admin — Tue, 27 Dec 2011 19:10:31 +0000

By:

Javier E. David

Source:

Wall Street Journal

Hovering near 11-month lows, the euro ended Friday modestly higher, as investors feared that credit downgrades were looming for members of the 17-nation currency bloc.

Gold Sheds 'Can't Lose' Status: Now, No One Wants It

europac admin — Tue, 27 Dec 2011 19:13:52 +0000

By:

John Melloy

Source:

CNBC

In just three months, gold has gone from the trade that works in every kind of market to the trade that doesn’t work in any market.

Fed vs. ECB: Peter Schiff & Peter Atwater Debate the Impact of Central Banking

europac admin — Tue, 13 Dec 2011 20:57:20 +0000

By:

Jeff Macke

Source:

Yahoo! Finance

If you want to start a heated debate in a sports bar show up wearing a Broncos jersey and start "Tebowing" while waiting for your beer. If you want to stir things up at Festivus, Minyanville's annual celebration of all things financial and charitable, grab a couple smart guys and ask them who's better off: The U.S. with an economy utterly reliant on Federal Reserve policy or the Eurozone where the European Central Bank ("ECB") is little more than a puppet for Germanic economic desires?

A Cautionary Tale on Government Spying

europac admin — Tue, 13 Dec 2011 20:30:33 +0000

By:

Iain Murray And David Bier

Source:

Washington Examiner

Who enforces the law? Most people would answer that this is the central function of government.

However, America's federal government has increasingly distanced itself from this role, promulgating regulations that effectively deputize private businesses against their will, threatening them with prosecution if they don't comply.

Gold-Mining Shares to Rise as Bullion Gains Hold, Schiff Says

europac admin — Tue, 13 Dec 2011 20:28:10 +0000

By:

Joe Richter

Source:

Bloomberg

Shares of gold-mining companies that have lagged behind the broader market will rebound as equity investors gain confidence that the surging price of the metal doesn’t signal a bubble, according to Peter Schiff, the chief executive officer of Euro Pacific Capital Inc.

Peter Schiff: EU is Following Bernanke Down Wrong Path

europac admin — Tue, 13 Dec 2011 20:36:00 +0000

By:

Lee Brodie

Source:

CNBC

In the late 19th century, opium smoke and loose women beckoned to the rich and powerful, luring them down the garden path to hell.

Doug Kass Predicts Uneven Growth, John Browne Looks to Gold

europac admin — Tue, 13 Dec 2011 20:37:53 +0000

By:

Dian Vujocich

Source:

Palm Beach Daily News

Two years ago, the Palm Beach Business Group invited Doug Kass and John Browne to be guest speakers at the group’s Bear vs. Bull debate. On Friday, the same duo addressed the business group’s breakfast meeting at the Palm Beach Steakhouse. True to their differing points of view, their comments were thought provoking and didn’t disappoint.

NB Interview: Peter Schiff on Media and the Economy, OWS

europac admin — Tue, 13 Dec 2011 20:44:54 +0000

By:

Noel Sheppard

Source:

News Busters

For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk."

On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather frightening view of the economy and the future of our nation (video follows with transcript):

Schiff: Fed Will Debase Dollar Till It Can’t

europac admin — Tue, 13 Dec 2011 21:08:04 +0000

By:

Olivier Ludwig

Source:

Index Universe

It’s not hard to get Peter Schiff, president and chief global strategist of Euro Pacific Capital, to go after the Fed. After all, he remains one of the most vociferous dollar bears and harshest critics of the U.S. central bank.

Time to Buy Those Dark Glasses and Stock up on Fresh Towels

europac admin — Tue, 13 Dec 2011 20:06:24 +0000

By:

Satyajit Das

Source:

Sydney Morning Herald

The solution to the US debt problems lies in bringing budget deficits down, through spending cuts, tax increases or a mixture of both.

U.S. Pols Risk Fate of Europe’s Leaders in Debt Mess

europac admin — Tue, 13 Dec 2011 21:23:06 +0000

By:

Patrice Hill

Source:

Washington Times

Legislators in Washington who are tempted to punt yet again this fall and not take the painful medicine needed to tame the government's spiraling debt might want to consider the fates of European political leaders who did the same thing in years past.

As a powerful financial virus spawned by debt overload has moved from country to country across the Atlantic, governments that dallied and failed to address their debt problems have been toppled, from Ireland to Greece and Portugal to Italy.

Debate on U.S. economy, “How to Solve the Unemployment Problem: Views from the Left, Right and Center,” Brings Together Diverse Vviews of Necessary Solutions

europac admin — Tue, 13 Dec 2011 17:53:47 +0000

By:

Nicole Mirea

Source:

The Daily Bruin

Two economists and an economic strategist presented varying and often conflicting solutions to the unemployment crisis before a crowd of about 75 people Tuesday night at the Jan Popper Theater in Schoenberg Hall.

Economics department chairman Roger Farmer organized and participated in the debate, titled “How to Solve the Unemployment Problem: Views from the Left, Right and Center.”

The Republicans Need to Present Themselves as the Party of Wealth Rather than the Wealthy

europac admin — Tue, 15 Nov 2011 21:31:50 +0000

By:

Tim Stanley

Source:

The Telegraph

The Republicans meet for another presidential debate this week, and the promo ad asks, “How will the candidates end the War on Wealth?” It's an electoral asset for the GOP to be tagged as the party of wealth creation, but there are risks in being so strongly associated with the wealthy. And, in their attacks on the Occupy Wall Street crowd, some of the contenders are starting to sound a little brash – not least the otherwise resilient Herman Cain.

“Reckless” Bernanke Is Creating the Next Crisis: Peter Schiff

europac admin — Tue, 15 Nov 2011 21:34:42 +0000

By:

Jennifer Carinci

Source:

Yahoo! Finance

The Federal Reserve may have released a relatively benign statement taking no further action to stimulate the economy, but a fierce debate is just getting started over the Central Bank's next moves.

Greece Must Stay in the Eurozone: Peter Schiff

europac admin — Tue, 15 Nov 2011 21:35:40 +0000

By:

Jeff Macke

Source:

Yahoo! Finance

There's conflicting and rather dramatic news out of Europe today over the BBC's report that George Papandreou is offering to resign from his role as Greek Prime Minister. New information says the embattled PM will fight to keep his position. All of this comes just days after announcing that Greece would hold a referendum on the terms of the country's bailout. The prospects of a Greek vote causing a delay in the implementation of the rescue plan announced last Thursday shocked global markets and outraged European officials.

One Per Center Peter Schiff Visits Occupy Wall Street, Produces 18 Minutes Of Civility

europac admin — Wed, 02 Nov 2011 21:29:21 +0000

By:

Nando Di Fino

Source:

MediaIte

Euro Pacific Capital head Peter Schiff paid a visit to Occupy Wall Street this week. I know: Groan, right? Another pundit type with a camera shows up, finds the biggest noobs down there, makes them look foolish, edits out the answers that he doesn’t like, puts it on YouTube, and conservatives post it on their Facebook walls and send to friends, laughing at the uninformed masses. But guess what? Schiff’s video was probably the most fair and insightful “guy takes a trip to Occupy Wall Street” video we’ve seen so far.

Capitalism in Crisis? Surely You Jest!

europac admin — Wed, 02 Nov 2011 21:14:58 +0000

By:

Christopher Chantrill

Source:

American Thinker

British conservative Charles Moore visited the Occupy chaps at St. Paul's Cathedral in London and came away a bit bemused.

American Business Says U.S. Malaise Could Exceed Japanese Depression

europac admin — Wed, 02 Nov 2011 21:11:57 +0000

By:

Jeff Nielson

Source:

Stockhouse

As the collapse of the U.S. economy quickly evolved into the Crash of ‘08; politicians, “experts”, and mainstream media shills were unanimous: the U.S. economy would/could “never experience the Lost Decade” experienced by Japan’s economy after several, huge asset bubbles simultaneously burst.

Need a New Drug: Bernanke to ‘Wean’ Markets Off a Fed Quick Fix

europac admin — Wed, 02 Nov 2011 21:09:27 +0000

By:

John Melloy

Source:

CNBC

At the end of the Federal Reserve’s two-day meeting, Chairman Ben Bernanke probably won’t come to the market’s rescue by announcing any new policy initiatives and may even aid a further decline with a significant downgrade of the central bank’s official economic outlook, investors said.

Financial Expert Peter Schiff Takes On Wall Street Protesters

europac admin — Wed, 02 Nov 2011 21:22:24 +0000

By:

Raven Clabough

Source:

The New American

One of the many goals of the Occupy Wall Street orchestrators has clearly been to paint America’s richest one percent of the population as the antagonists to the country's prosperity and to the lower and middle classes. Coming to the defense of the top one percent, however, is financial expert Peter Schiff (left), CEO and chief global strategist of Euro Pacific Capital Inc. and former economic adviser to GOP presidential contender Ron Paul.

Forecast: Housing Market Will Get Much Worse

europac admin — Tue, 15 Nov 2011 22:04:07 +0000

By:

Jonathan Lansner

Source:

The Orange County Register

Before Peter Schiff had a national reputation for calling the economic crash of last decade, he was a highly opinionated money manager from Orange County. (Recall his interview with us when he predicted home prices would fall 50%?) He's returning to Orange County on Nov. 7 for an investment chat and Q&A at 6 p.m. at the Irvine Barclay Theatre.

Vernon Mayor Wants Promotion To U.S. Senate

europac admin — Wed, 02 Nov 2011 21:24:08 +0000

By:

Scott Benjamin

Source:

CTNewsJunkie

Vernon Mayor Jason McCoy said the U.S. Senate needs more members who have experience as chief executives delivering services within a balanced budget.

He said taxes increased only once during his four years as mayor and the mill rate is lower now than when he took office.

“Last year taxes went down for every citizen,” he told the East Hartford Republican Town Committee last Monday during a brief talk about his campaign for the U.S. Senate seat being vacated by Joe Lieberman, who is not seeking a fifth term.

Peter Schiff, Other Members of the ‘1%,’ Confront Occupy Wall Street

europac admin — Tue, 15 Nov 2011 21:45:48 +0000

By:

Elizabeth Flock

Source:

Washington Post

As Occupy Wall Street continues to rail against the rich with the anthem “We are the 99 percent,” some in the “1 percent” have taken it upon themselves to set protesters straight.

Peter Schiff and Occupy Wall Street

europac admin — Tue, 15 Nov 2011 21:47:48 +0000

By:

Veronique de Rugy

Source:

National Review

Last week, Reason TV followed investment guru Peter Schiff as he spent three hours with the Occupy Wall Street protesters in Manhattan’s Zuccotti Park.

An unapologetic member of the 1 percent, Schiff argued with all comers for the better part of an afternoon.

The most interesting part of this video is the moment when Schiff explains to one of the protestors that he employs 150 people. Then, he asks, “How many people do you employ?”