Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.  He follows up his daily two-hour radio show with podcasts focusing on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets.  As entertaining as he is informative, Peter packs decades of brilliant insight into every news item.  Join the thousands of fans who have benefited from Peter’s commitment to getting the real story out every week.


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Shocking Admission & Denial from Alan Greenspan

February 27th, 2015|0 Comments

Government released revised estimate for Q4 GDP
Initial estimate was 2.6; revised down to 2.2
Economic growth dipped from 5% in Q3 to 2.18% in Q4
PMI was expecting 58.7 but plunged to 45.8, indicating contraction
Alan Greenspan commented that the U.S. economy is weak
Greenspan cites declining U.S. productivity
Points to declining gross domestic savings brought on by entitlement programs
Greenspan refuses to blame Fed policy for productivity and savings declines
He predicts continued low interests rates to create the illusion of wealth
In 1966, Alan Greenspan blamed the Fed and their cheap money policies for stock market bubble and economic imbalances
Today, he still believes this to be […]


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Chris Dimond, Russell Stevens and 23 others like this

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Tripp WalkerBuy stocks 4 eva. Play with your Apple products while sipping on Starbux. Trust in your FED overlords and breed like rabbits2 days ago   ·  12
Bill Margeesalan "the financial genius" greenspan who pumped up the bubble that went pop. greenspan, rubin and summers, three dangerous fools who fkd it up for everyone. www.facebook.com/photo.php?fbid=10151857639544612&set=a.10152006074844612.1073741856.5517946112 days ago   ·  22
Steve WeissbardSavings? How can you expect savings in a zero interest environment? An entire generation has been conditioned to never "save."2 days ago   ·  6
Jim StrehlGreenspan knows he's responsible for the housing bubble. You can tell in the interview his answers didn't really make sense. Paul Krugman was affiliated because he influenced him to cut rates. I was surprised he didn't mention him in the interview lol2 days ago   ·  1
Philip KlinckSo Peter Schiff other than gold and silver what currencies are good anymore? Id like to short the dollar in FX but all countries seem to be playing the same game these days.2 days ago   ·  1
Akshay IyerThe genius who said to burn houses so their prices would go back up2 days ago   ·  1
Julian PetkovI disagree with Peter Schiff that the Fed needs to be independent. It needs to be Nationalised. When the Fed is Nationalised, it will no longer be a for profit enterprise and its retail usurers like Morgan and Goldman will be left on their own. At the moment, the US is an Apartheid Economy because of the Fed. Anyone who is in some way aligned with the Fed shareholders gets preferential treatment while everybody else has to struggle to run a business in a fading economy.2 days ago
Konrad SzczepańskiWhen gold will be for 5 000$?1 day ago
Florence Gingerich SommersThat's all they have left--bubbles and phony recoveries. It's not going to save it.1 day ago
Carlos Alfaro AlpizarPeter Schiff what is your word on deflation in the US, media is saying this deflation is actually a good one but same thing happening in Europe or Japan is harmful. Would you be analysing this current scenario and its implications such as QE4.2 days ago
Ilona Magdalena MuszyńskaSorry, I must write it even if I prefer to comment only economical topics. After every Peter Schiff interview in RT is a hot discussion about Russia, RT and free media. Two days ago I wrote my comment how dangerous is telling the truth about Russian economy and Putin's action in Russia. I always saw the US and American people as a source of freedom for word and human rights. Now when I hear how many of you admire Putin and his policy I am really surprised. Many of you declare that Putin is better leader than Obama and RT is better than CNN/Fox etc. Yesterday next person - Boris Nemtsov, lost his life because he talked the truth about Russian economy nad Putin's policy. Maybe you should read more about all Putin victims. The difference between Russia and your country is huge. Talking the truth Peter Schiff is still alive and safe, talking the truth Boris Nemtsov is dead. Do you really think is this only Polish fobia about Putin ? It should be also your own fobia if you don't want to see the world as " a ground zero zone".2 days ago
Ricky CameronThe Greenspan essay from 67 on gold standard woke me up from the linear thinking I did toward economics. The staggering contradiction of his accepting the job at the FED, and subsequent actions mirror that which he critiqued within his essay. Men of integrity are a shrinking asset in a culture that inflates the reputation of compromising hypocrites. Thank you for calling him out.2 days ago
David McCollesterThese are paid minions. PR heads and double speak BS artists. Everyone needs to come to terms with that. Getting mad at the puppet doesn't take care of the puppet master.2 days ago   ·  2
A.c. CargillGreenspan has no excuse for his behavior. He knew what he was doing and that it wasn't morally right.2 days ago   ·  2
Sean O'Connor2.18 growth? how much of that "growth" is from the printing press?2 days ago
Paul MainaFine.2 days ago
David ClinkTick .. tick .. tick .. tick ....2 days ago
Huey TanJohn!!!2 days ago

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Robert Wallet, Emil Metz and 23 others like this

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Cheri LeasMaybe during Yellen's next statement, the country will find out that the Fed feels that we have possibly progressed to the point that the liklihood exists that the Fed may continue thinking about the probability of considering the potentiality of perhaps raising interest rates when it seems plausible to do so. Progress is sweet!4 days ago   ·  8
Jim Strehlyellen is going to raise rates when pigs fly4 days ago   ·  5
John LeStargeYellen was only asked softball questions by Congress. It was pathetic.4 days ago   ·  3
Scott AtwoodI'm guilty. Didn't watch the vid first. But I was just joking when I said it. Been watching Peter for 10 years or more.4 days ago   ·  2
Tripp Walkerin a couple of centuries...4 days ago   ·  2
Milan MamusichIn Europe we have seen the type of crisis Madame Chairman Yellen is so busy working on with the rest of her cronies at the Board of Governors at the FED. My parents generation still vividly remember the greatest ever recorded "Pengő" hyperinfaltion (surapassing that of the Weimar Republic in Germany and the more recent Zimbabwe deabcle) that happened in Hungary after WW II. When the Soviets occupied Hungary they engaged in what today would be called QE infinte to bring the country to its knees. They succceded. Peter Schiff is absolutely right, that no country has ever escaped unpunished moneyprinting on the scale the US is engaged in right now, I believe that the coming US hyperinflation heralded by Peter Schiff will surpass that of Hungary which happened in 1946. www.globalfinancialdata.com/gfdblog/?p=23823 days ago   ·  2
Mike C PodlesnyFed policy in programming terms 10 print "money" 20 goto 104 days ago   ·  2
Jorge MarullThis story ends up pretty bad, this artificial thing won't last4 days ago   ·  2
Gavin RiderThanks for the breakdown Peter, your commentaries always provide me with a good chuckle and help brighten my day. I can't believe it's taking people and the market to see through all the smoke and mirrors.3 days ago   ·  1
Sunil PatelShe'll try, but it will end up back at 0%.4 days ago   ·  1
Stacy Dale BarendseNo shit...like last year.4 days ago   ·  1
Yaakov SchatzIsrael is along the coast of the Mediterranean and most of it is not a desert. The prices of water are government controlled and were raised from about a dollar per 1000 litters to about 2.5$. This was done in order to allow for wide desalinating. Now the prices were reduced by 10%, which of course is close to meaningless (maybe 5$ a month for an average household).3 days ago   ·  1
Hasnain KazimPeter, i love your analogy on the 16 year old boy thinking about "GIRLS" LOL HA HA absolutely wonderful !3 days ago   ·  1
Justin Thomas TrombleyYou're at your best here, Peter. Thanks for another great show.3 days ago   ·  1
Scott AtwoodThought you said they would never raise rates?4 days ago
Mike WhiteWe'll see rates rise in early 2017 and the the stock market will drop 30%! Good times.......good times!!!!3 days ago
Lee CapeWhat's specifically going to happen when rates rise and how are they staying low with the end of QE? Is it because of excess reserves?3 days ago
Joseph BergrathWhy isn't cheap money a good idea?3 days ago
Jimmy Spellthink4 days ago
Daniel DeLorshMaybe they going to go below 0 :D3 days ago   ·  1
Johnny RumbaPeter Schiff speaks the clear fuckin truth again3 days ago   ·  1
Lynda K Quadlandyep like 2% tomorrow.3 days ago
Connor MacleodNO THEY WONT4 days ago
Paul Butlerpeter this video is one that has surfaced of micheal the gentle giant brown, SMASHING A GUYS FACE IN. so please watch it show it on your channel4 days ago

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