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Peter Schiff
Peter David Schiff (born March 23, 1963) is an American financial analyst, stockbroker, author, and one-time Senate candidate. He has appeared as a guest on numerous financial television shows and has been quoted in major print publications as a financial analyst and economist. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts.

Peter Schiff

Fun on Friday: Silver Is Hazardous Waste?

I learned something today. Did you know silver is considered a hazardous waste?So, I’m just going to say upfront that if you have some silver to dispose of, I’ll be happy to take it off your hands.But seriously, according to the EPA, silver is categorized as biohazardous waste and must be disposed of through a licensed silver reclamation service.Now, not to be cynical, but this sounds like a racket.Now, obviously, we’re not just talking about a silver bar here. You don’t have to worry...

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Who Wants Gold? SchiffGold Friday Gold Wrap April 23, 2021

There’s been some chatter in the financial media about the decline of the gold market. Gold is a relic of the past and crypto will replace it as the go-to safe haven and inflation hedge, according to some. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the demise of the gold market is greatly exaggerated. A lot of people still want gold. Mike also touches on the national debt in this episode. It’s even worse than most people think.The SchiffGold Friday...

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Arkansas Senate Passes Bill to Repeal Sales Tax on Gold and Silver Bullion

The Arkansas Senate has passed a bill that would exempt gold and silver bullion and coins from sales tax. This would not only relieve some of the tax burdens on investors in the state; it would also take a small step toward treating gold and silver as money instead of as commodities.Sen. Mark Johnson (R) introduced Senate Bill 336 (SB336) on Feb. 22. The legislation would exempt coins, currency and bullion from the state sales and use tax. This would include bars, ingots, or coins made...

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Peter Schiff: America’s Consumption Economy Is a Bubble Economy

America has turned into a consumption economy. The problem is, economies can’t run on consumption. Peter Schiff explains in this clip from a recent interview.Consumption economies are bubble economies.”A vibrant, healthy economy needs production.Because you cannot consume what is not first produced. Since our economy is so weak and we’re unable to produce the things that we’re consuming, America relies on strong international economies that are able to produce what we consume.”[embedded...

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Hungary Triples Gold Reserves

In one of the biggest central bank gold buys in decades, Hungary tripled its gold reserves last month.The National Bank of Hungary (Magyar Nemzeti Bank, MNB) bought 63 tons of gold, increasing its gold holdings to 94.5 tons, a record high for that country.In a statement, MNB called gold “a crucial reserve asset.”As it carries no credit or counterparty risks, gold facilitates reinforcing trust in a country in all economic environments, which still renders it one of the most crucial reserve...

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Government Spending Doesn’t “Stimulate” the Economy

The US government ran a record $1.7 trillion deficit through the first half of fiscal 2021. That’s a staggering budget shortfall, but only a symptom of the real problem – excessive government spending. We’re told this will “stimulate” the economy. But in the long run, it does no such thing.Conventional wisdom tells us that the government needs to spend money during an economic downturn to “stimulate” the economy. It has done that in spades over the last year, capped by Biden’s most recent...

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Peter Schiff: Has Ben Bernanke Ever Told the Truth?

Ben Bernanke served as the chairman of the Federal Reserve from 2006 to 2014. He famously told Congress the Fed was absolutely not monetizing the debt in 2008. He said the difference between debt monetization and the Fed’s policy was that the central bank was not providing a permanent source of financing. He said the Treasurys would only remain on the Fed’s balance sheet temporarily. He was obviously wildly mistaken or outright lying.In this clip from his podcast, Peter Schiff wonders out...

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China Greenlights Massive Increase in Gold Imports

China has opened the door to billions of dollars in gold imports. cites five sources indicating that Beijing has greenlighted the import of 150 tons of gold valued at around $8.5 billion at current prices. The report notes that China’sudden appetite for gold could potentially “support global prices.”China ranks as the world’s gold consumer, but imports plunged during the coronavirus pandemic as local demand for the yellow metal dried up. The Chinese economy rebounded during the second...

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Peter Schiff: Bernie Madoff Could Have Been Fed Chair or Treasury Secretary

When Federal Reserve Chairman Jerome Powell appeared on 60 Minutes recently, he was asked what it takes to become the head of the central bank. In a clip from podcast episode 679, Peter Schiff said that when you think about the actual qualification, Bernie Madoff would have made the perfect Fed chairman. Or perhaps the secretary of the US Treasury department.So, what does qualify one to head up the Federal Reserve? Peter said that apparently, being clueless about economics helps.You have...

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US Government Debt Problem Even Worse Than Advertised

Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. And there is no end in sight to the borrowing and spending. Just last month, the national debt eclipsed $28 trillion for the first time. But it’s even worse than that.A lot worse.When you include unfunded liabilities such as Social Security and Medicare, that actual US debt stands at $123.11 trillion, according to the Financial State of the Union 2021 published by Truth in...

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