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Month: April 2015

The Peter Schiff Show

Minimum Wage, Maximum Stupidity – Ep 78

The Keynesian myth of mandating prosperity actually hurts the lower middle class and the working poor Something for nothing is appealing to voters, so politicians make empty promises that are good politics but bad economics A Seattle-based company called Gravity Payments has instituted a minimum salary of $70,000/yr This has given him great publicity, but …

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The Peter Schiff Show

Inflation Is The One Promise Central Banks Can Deliver – Ep 76

Markets have been volatile but economic data still looking bad Chicago Fed National Activity Index: contrary to expectations, came in at -.42 in addition a downward correction for last week to a 2-year low Weekly Redbook Same Store Sales Survey down to lowest annual increase in 4 years with a dramatic rate of decline in …

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The Peter Schiff Show

Disney World, Paul Krugman, and Market/Economic News – Ep. 75

Disney’s theme parks are a monument to capitalism as it existed when Walt Disney envisioned Disneyland The Hall of Presidents, however manages to honor presidents who supported big government over the free market The choice of presidents demonstrates revisionist history that supports the liberal, big-government narrative Whenever you expand government you contract liberty The Dow …

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China-Stock-Market

China Finally Stops Fighting the Stock Market

By: Peter Schiff, President and CEO Euro Pacific Capital & Russell Hoss, Portfolio Advisor at New Sheridan Advisors Although China’s economy has been leading the world in annualized growth since the days that mobile phones had retractable antennas, there have always been some aspects of the country’s commercial and financial system that loudly broadcast the …

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The Peter Schiff Show

Sexist Female Reporter Refuses to Apologize to Male Victims – Ep. 72

Big double standard in the media regarding “sexism” Rolling Stone story based on complete fiction about a woman who claimed she was raped in a fraternity house The reporter accepted the woman’s story without checking sources After the facts were out, the reporter apologized to everyone except the men who were falsely accused and the …

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The Peter Schiff Show

Frontline Perspective on the Government’s War on Liberty – Ep. 70

When employers empower certain groups with special privileges they become clubs with which to beat the employer Employers are then reluctant to put themselves in a position to be bashed with that club Large companies must prove diversity and go out of their way to hire minorities That kind of discrimination is the right of …

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