Peter Schiff: Weak Stocks Beneath The Surface

If you look at some of the sectors that continue to get beat up making new 52 week lows so even though the headlines are probably gonna be about the Dow Jones Industrials Average (DJIA) making another all-time record high, beneath the surface are a lot of stocks that are having a lot of problems.

Asia Is More Efficient

If you landed at JFK airport, you landed at a third world Airport and you enter into a third world taxi on a third world highway into a third world 5-star Hotel. You go to Singapore and you're out of the airport in 12 minutes. I didn't say out of the plane, you're out of the airport. Same thing now in the new Hong Kong Airport. For whatever reason they're efficient they're modern they work.

The US dollar Is Going To Get Overpriced

I own a lot of US dollars right now, a lot of US dollars! Because what happens  when the there's a crisis or turmoil people look for a safe haven. Yes, they think the US dollar is the safe haven so the US dollar is going to get overpriced it could even turn into a bubble depending on how bad the turmoil is at which point I'll sell my US Dollars and put it into something else.

The Gold Standard Has Never Worked

The gold standard has never worked it's worked for short periods of time but what happens is and you go back into history you see that the goals that God what reason it never works is because it's a great discipline you have to do you have to run a sound economy and politicians don't like sound discipline so what happens is they always change it.

Central Banks Will Ruin Us All

They actually think they're doing the right thing. In their off moments when they are not being recorded they will admit "Oh gosh, it's an experiment, we have no idea if this is good" but the reason is because they messed up so many places so many times they don't know what they're doing and in the end they're gonna ruin us all. They this is more or less their last experiment, their last gasp, because when this ends it's gonna be very very bad.