Euro Pacific In The News

US Treasurys Are ‘Junk,’ Dollar Headed for Collapse: Schiff

europac admin — Wed, 02 May 2012 16:31:00 +0000

By:

Jean Chua

Source:

CNBC

The greenback and the U.S. bond market are headed for a collapse as the U.S. Federal Reserve loses the ability to service the nation’s debt with “artificially low” interest rates, Peter Schiff, CEO of Euro Pacific Capital told CNBC on Wednesday.

Sacred Cow Tipping: Schiff Hits the Fan

europac admin — Wed, 18 Apr 2012 19:48:16 +0000

By:

Daymond Steer

Source:

The Conway Daily Sun

NASHUA -- America's youth are strangled by debt and entrepreneurs are buried deep in regulation so anyone seeking opportunity and freedom should consider fleeing the country, said economist Peter Schiff in his keynote address at the 2012 New Hampshire Liberty Forum.

About 500 people attended the event which was held at the Crowne Plaza Hotel in Nashua on Feb. 24.

China Ups US Debt to $1.16 Trillion

europac admin — Wed, 18 Apr 2012 19:49:42 +0000

By:

Zhang Yuwei

Source:

China Daily

China, the largest foreign creditor to the United States, increased its US Treasury holdings by $8 billion to $1.16 trillion in January after cutting its purchase for five months, according to data released by the US Treasury Department on Thursday.

Overall, foreigners were net buyers of long-term US financial assets in January, according to the monthly Treasury International Capital, or the TIC. As the second-largest holder of US Treasury, Japan is closing in on China after it boosted its holdings by $21 billion to $1.08 trillion in January.

Peter Schiff: Stock Market Gains a Fed ‘Delusion’

europac admin — Tue, 27 Mar 2012 18:36:07 +0000

By:

Bruno J. Navarro

Source:

CNBC

Federal Reserve Chairman Ben Bernanke and inflation are putting the U.S. economy on the road to ruin, Euro Pacific Capital’s Peter Schiff said Monday.

Money Moves 5 Doomsayers Are Making Now

europac admin — Wed, 18 Apr 2012 20:00:33 +0000

By:

Wallace Witkowski

Source:

MarketWatch

SAN FRANCISCO — They are sentries at the stock market’s wall of worry, warning investors to prepare for another epic crash for debt-laden economies.

Yet with U.S. equity markets on a tear since early October, hitting levels not touched in several years, most of Wall Street isn’t seeing much cause for alarm.

But investors should be very afraid, the doomsayers caution.

U.S. Debt Holdings Advance Slightly

europac admin — Wed, 18 Apr 2012 20:13:45 +0000

Source:

Business Ghana

China increased its holdings of US Treasury securities by a slight $8 billion to a total of $1.16 trillion in January after cutting the purchase for five consecutive months, according to data released by the US Treasury Department on Friday.

But analysts suggested the move doesn't signal a reversal of China's efforts to diversify its foreign exchange holdings and reduce its exposure to dollar assets.

Our Cheap Debt Will Come Back to Haunt Us

europac admin — Wed, 18 Apr 2012 20:10:13 +0000

By:

Gene Epstein

Source:

Barron's

The Fed's mandate to maximize employment will undermine its other mandate, to keep inflation at bay. Seduced by what can only be called low teaser rates, the U.S. Treasury is piling up staggering debt that does not cost much to finance right now, but will ultimately bust the budget.

Gold Investing Loses Luster As New Lows Expected For Prices

europac admin — Wed, 18 Apr 2012 20:04:01 +0000

By:

Trang Ho

Source:

Investors Business Daily

Investing in gold lost its luster this week.

The dollar strengthened. Interest rates rose to a four-month high. An upbeat Federal Reserve report eroded expectations of more quantitative easing. And investor appetite grew for riskier assets like stocks.

SPDR Gold Trust fell 2.4% this week going into Friday as it kissed a two-month low. In the futures market, the price of gold per ounce fell 2.6% this week to $1,644.25 an ounce in London.

Excuse Me, But Your Democracy Is Ruining My Capitalism

europac admin — Wed, 18 Apr 2012 20:17:53 +0000

By:

Katy Waldman

Source:

Slate

Why Euro Pacific Capital CEO Peter Schiff will argue that China does economic policy better than the U.S. at the Slate/Intelligence Squared live debate on March 13.

Peter Schiff: 3 Ways to Survive the Fed’s Destructive Policy

europac admin — Tue, 06 Mar 2012 20:51:40 +0000

By:

Jeff Macke

Source:

Yahoo! Finance

"The Federal Reserve doesn't care about the long term health of the economy, it just wants to keep the music going until the next election," says the always outspoken Peter Schiff, head of Euro Pacific Capital.

Schiff, a well-known critic of both the current Fed and the institution as a whole, is speaking this time in reference to the FOMC's announcement last week that economic conditions "are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014."

The Schiff Machine

europac admin — Tue, 06 Mar 2012 20:22:34 +0000

By:

Jeffrey Tucker

Source:

Whiskey and Gunpowder

You have probably seen Peter Schiff on television, not once but many times. Among the legions of indistinguishable talking heads out there, he stands out. He makes sense. He draws attention to reality. He is disregarding of the opinion conventions that prevail on the financial news networks and just comes right out and says what few others are willing to say.

Dow Punches Through 13,000 Twice Today, But Settles Below the Mark

europac admin — Tue, 06 Mar 2012 20:16:21 +0000

By:

Jeff Ostrowski

Source:

The Palm Beach Post

Stocks briefly broke through a milestone today, then quickly retreated - a tepid run-up typical of the most subdued bull market in recent memory.

The Dow Jones industrial average crept above 13,000 before closing at 12,965.70, up 0.12 percent for the day.

For all the wrenching volatility of the past few years, stocks have proven remarkably resilient. The Dow has shaken off last summer's doldrums and now stands nearly double its March 2009 low.

Noted Economist Slated to Speak at Wheaton

europac admin — Tue, 06 Mar 2012 20:47:00 +0000

By:

Matt Kakley

Source:

The Sun Chronicle

NORTON - Renowned economist Peter Schiff will be in town Feb. 25 to give a free lecture on the Wheaton College campus.

Schiff will give a lecture at 3 p.m. in the school's Weber Theater, sharing with the audience his take on the economy, specifically how it will affect young adults and those still in college.

He gave a preview of what he will discuss with the crowd Wednesday, in a telephone interview with The Sun Chronicle.

"We are in serious trouble in this country," he said.

Are January’s Jobs Here to Stay?

europac admin — Tue, 06 Mar 2012 20:28:44 +0000

By:

Quentin Fottrell

Source:

Smart Money

Hiring continued to increase in January, according to data released today, though economists warn that many of the new jobs were temporary positions.

The jobs numbers were in line with most forecasts: The private sector added 170,000 jobs in January, according to a national employment report published by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers. However, that’s down from a revised 292,000 jobs that were added in December, itself revised from an original ADP estimate of 325,000.

It Is Safe to Resume Ignoring the Prophets of Doom ... Right?

europac admin — Tue, 06 Mar 2012 20:25:27 +0000

By:

Adam Davidson

Source:

New York Times

I remember the first time I interviewed a relatively unknown economist named Nouriel Roubini. It was 2005, and as we sat in his New York University office, he laid out his scary vision of the future. Roubini is a specialist in the flow of money around the world and the crises that (sometimes) result. But on that day he wanted to talk about the U.S. housing market.

Peter Schiff Favors Ron Paul, Says Settle for Romney

europac admin — Tue, 06 Mar 2012 20:49:48 +0000

By:

Jeff Macke

Source:

Yahoo! Finance

As the election season picks up steam President Obama's fiscal talking points are clear: the tax system is unfair, the government should invest more, the economy is much improved than it was four years ago and will be better four years from now should we choose to re-elect him.

Investment Adviser Peter Schiff to Share Provocative Economic Outlook

europac admin — Wed, 18 Apr 2012 20:24:46 +0000

By:

Russ Wiles

Source:

The Arizona Republic

Peter Schiff, a provocative investment adviser who holds to a dire prediction for the U.S. economy, will discuss economic issues, Federal Reserve policy, the dollar, the investment outlook and other topics during a two-hour talk Monday in Scottsdale.

Schiff, who recently ran for the Senate and is the CEO of brokerage Euro Pacific Capital in Westport, Conn., sees the debt-laden economy ripe for a new tailspin that will be "so much worse than what happened in 2008."

The company has an office in Scottsdale.

Only Ron Paul Can Save America

europac admin — Wed, 18 Apr 2012 20:20:23 +0000

By:

Stacy Curtin

Source:

Business Insider

Happy New Year and welcome back to the presidential political circus which begins in earnest today with the Iowa caucus followed closely by the New Hampshire primary on Jan. 10.

Insight: West in Political Crisis Has Echoes of 1930s

europac admin — Wed, 18 Apr 2012 20:22:32 +0000

By:

Stella Dawson

Source:

Reuters

Dysfunctional politics threatens to deliver a protracted period of slow global growth, possibly lasting well beyond 2012, which will only deepen the political and economic problems for the West.

The global financial crisis that began four years ago has morphed into a political crisis for the United States and Europe. Leaders incapable of wrestling their debt loads to manageable levels or reviving strong economic growth are stoking turmoil in markets and populist unrest among the citizenry.

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?

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.

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.