This guy is right, he has been a little bit off on where gold is headed but he is 100000% accurate on what the fed has done and what they are doing.... He says the fed looks extremely foolish and says whats the point in bringing rates up to .25% if they are only going to bring them back down to 0%, thats exactly where my thoughts are, even if the fed does raise rates to .25% or .50% in early 2016 the only step they would have next is to cut them due to the upcoming recession the US is headed for.....the fed has no where to go, no exit plan and not a clue how to fix this failing economy that hasn't shown any real growth in the last 30 years unless you believe fed intervention = growth! <iframe allowfullscreen webkitallowfullscreen mozallowfullscreen src="http://www.thestreet.com/embed/13275500.html" frameborder="0" scrolling="no" width="384" height="216"></iframe>
Peter Schiff is a member of the 'bloviating ignoramus' breed of big mouth much like Donald Trump. I really don't know if he ever says anything worthwhile because I can't stand to listen to his high decibel yelling long enough to tell. https://en.wikipedia.org/wiki/Peter_Schiff His predictions re the economy, Gold and pending hyperinflation have all been 100% wrong which he tries to blame on the FED saying eventually he will be proved right. :=)
Peter Schiff is a scaremonger who is recruiting idiots to buy his funds and brokerage products. People investing with him must have been poleaxed: Australian Dollar in bear market, gold stocks down 80% from peak, US Dollar 100% above the target he set out in 2004.
Peter Schiff is bang on with regard to the real economy. Unfortunately, the real economy has little to do with the markets. Peter is a great fundamentalist, but needs to work on his technical analysis for timing.
How is he a great fundamentalist? He seems completely delusional in his economic analysis. 2011 he said "The US debt problem is much worse than Greece's" and "Europe is in much better shape economically than the US". Fast forward 4 years he sounds like an idiot. Exactly the opposite has played out. Whatever you ask him, he will spin things to make it sound "you urgently have to get out of US assets". And that's where his brokerage and mutual funds come in. He's a salesman ripping off gullible investors, nothing else.
he owns a brokerage firm. they must have been whipsawed to death by his brokers, if they followed their leader's advice.the clients must be in very poor financial shape by now. that's where he made his money.