Paul Krugman Versus Reality

By Peter Schiff

In his latest weekly New York Times column, Nobel Prize-winning economist Paul Krugman put forward arguments that were so nonsensical that the award committee should ask for its medal back.

Recent rhetoric from Washington has put the economic relationship between the U.S. and China squarely on the front burner, and Krugman is demanding that we crank up the flame.

Fear Takes the Wheel

by Peter Schiff

Over the past three or four years a strange phenomenon has developed in the global investment markets. With some exceptions, many asset classes, in particular domestic and foreign equities, commodities, and foreign currencies have tended to move in the same direction on a day to day basis. The mega-correlation has lasted so long that most now take it for granted. This leaves investors with relatively simple choices:

The Precarious State of Our Union

by Peter Schiff

In this week’s much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge.

Mission Not Accomplished

by Peter Schiff

Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his bets, Summers declared that thanks to the Obama Administration’s wise stewardship, economic stimuli, and emergency bailouts, another Great Depression, set up by the prior Administration, had been narrowly averted.

Schiff Report: Obama’s Economy, US Soverign Debt, and Senate Race

by Peter Schiff

When Obama took office we were not on the verge of a great depression, we were on the verge of a great recession. Because of the policies that he has been pursuing we are now on the verge of a real great depression.

All that his policies have done is buy incumbent politicians more time in office.

The Truth Behind China’s Currency Peg

By Peter Schiff

During President Obama’s high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations are affecting the economic relationship between the United States and China. The focal problem is the Chinese government’s policy of fixing the value of the renminbi against the U.S. dollar. While many correctly perceive that this ‘peg’ has contributed greatly to the current global imbalances, few fully comprehend the ramifications should that peg be discarded.

Schiff Report: Health Care Reform is Socialized Medicine

Peter Schiff

WATCH: Health Care reform will lead to a complete collapse of the health care industry….the only way it will survive is through government subsidies.

‘Do Something’

“Liberty, when it begins to take root, is a plant of rapid growth” – George Washington

Schiff Report: Gold & Silver Surge, Dollar Falls, Obama in Asia

Peter Schiff

People can be growing poorer as their stock acounts are rising higher. Gold prices are raising faster than stock prices, dollars are actually losing value. In terms of purchasing power the dow is really losing money.

“The sooner we stop pretending that spending borrowed money constitutes a legitimate economy. The sooner we can get to the root causes of our economic imbalances and of our problems and start working to solve them”

Peter Schiff: Job Losses Demystified

As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a “jobs summit” to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure out why so many people are losing their jobs and then formulate a solution. That’s a relief; for a while there, I thought we were in real trouble! In fact, the absolute last thing our economy needs is more federal government interference.

Peter Schiff on Fox Business: Gold 5000! Get out of Dollars

If they keep printing them…if Ben Bernanke drops them out of helicopters…we’re trying to encourage Americans who are already broke to keep spending money they don’t have.