Kitco News, Released on 1/19/21

For Part 1 of this interview, CLICK HERE

The U.S. is moving away from free markets and towards a more socialist model, with a declining dollar on track to erode Americans’ wealth over time, said Peter Schiff, chief market strategist of Euro Pacific Asset Management. “We don’t need any new legislation. We need to get rid of all the existing legislation. If I was President, I would just veto everything,” Schiff said. “It’s interesting, Donald Trump vetoed fewer bills…if you want to find a President that vetoed fewer bills than Trump and served a full four year-term, you have to go back to the 1880s.”

0:00 – Stock market bubble?
2:52 – Value stocks
3:46 – Tech stocks
4:22 – Green New Deal
6:10 – What’s wrong with the American government?

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

  stock bubble, stock crash, stocks