But how is his credibility as an expert in international markets?
Aug 6, 2011
"So the dollar is not the Go To currency the way it was, it is not the safe haven the way it was. Also on Friday, the ECB came out and said that it would buy Italian sovereign debt, provided that Italy provided that Italy balanced it’s budget. And Yesterday, Italy came out with a proposal for significant cuts in government spending… real cuts, not the phoney cuts that we have here in America. So I think what you’re going to see happening in the weeks ahead is that the market is going to get behind the Euro and dump the dollar. Y’know everyone has been focused on the Euro, y’know the Euro Zone and they have neglected to look at the real problems of the dollar."-Peter Schiff
Feb 27, 2012
" I have been forecasting that higher gas prices would become an issue because I had been looking at the crude oil chart, expecting it to break to the upside and I knew gasoline prices would also move up. I still believe"-Peter Schiff
Nov, 2011
"…it’s now easier for the banks to borrow dollars. So we are increasing the global quantity of dollars in circulation as a result the dollar is losing value and I believe is going to lose a lot more value, not just against other fiat currencies, but against real money…gold and silver, so I think investors should be buying…those of you who have been on the sidelines waiting for an opportunity to buy, I would not wait much longer, I would just buy".-Peter Schiff
April 22, 2012
"…Because of anticipation of a collapse that never occurred. Because too many people or not enough people understand the truth"(???!), "so we’ve got do what we can to insure that the truth does get out."-Peter Schiff
And my number one reason for openly questioning the credibility of Peter Schiff-the performance of Euro Pacific Capital! Please keep in mind, he is supposed to be an expert in International Finance.
EPIVX
-15.18% this year –2.52% since inception
EPASX
-10.66% this year –5.10% since inception
EPHCX
-25.29% this year +1.23% since inception
Besides the anemic returns Mr. Schiff and company offer, there’s the fact that if he foresaw the Housing Bubble burst, he neglected to position his client’s money so that it was safe! "This Time Be Ready", Mr. Schiff? How about "This time I’ll protect my client’s investment"?
Not that he should be worried. You can depend on conservatives to rationalize even in the face of brutal evidence
The ability of conservatives to rationalize support for Mr. Schiff is in no danger. Hypnotized automatons are like that.
Oh, and about that decision by the Paulites to trust the Republican party as a mean to advance their agenda rather than agree to disagree with the Greens and put discussion of Economic Schools aside for now? That was rewarded with brutal treatment similar to the way Occupy Protesters were treated at the Louisiana Republican Convention. The Paulites had won the State of Louisiana after playing by the rules.
The Republican leadership then arbitrarily changed the rules and had dissenters arrested. I see this as an indicator of how a Romney Presidency intends to treat dissenters.Much in the same way jetting around in Ken Lay's Enron jet during his campaign was an indicator of the corruption, avarice, and ineptitude that characterized the Bush Presidency. Much in the same way the vague slogans of Hope, Change, and Untiy was indicator of the vague wishy washyness of this Presidency.
But there is no danger to Etch a Sketch Romney! If you can depend on anything, it’s the ability of conservatives to rationalize, even after a brutal display of Top Down suppression in their own primaries! But imagine for a second if you could add the numbers of the Occupy protesters to this scene at the convention(all united to end the Drug War, challenge the Military Industrial Complex, and Audit the Fed), and you can have a sense of what has been lost by letting Mr. Schiff set the economic priorities of the Ron Paul movement.
