dollar is going to fall off a cliff and he also thinks interest rates are going to skyrocket peter schiff joins us now via skype from west port connecticut peter first in front of us thanks for joining us and now the last time we spoke you saw bond yields going higher especially in view of the fed's tapering but since that time there's been data out of the u.s. that's been well weak do you still feel of bearish about the u.s. government right now how do you feel to talk to well absolutely and you know when i talk about interest rates skyrocketing that's what's going to happen after the dollar collapses but before the dollar collapses the fed is going to print dollars to buy bonds to prevent interest rates from rising now the reason that interest rates have fallen somewhat on the long bond over the past few months is because a lot of bad economic data has now come to the surface i was expecting all of this bad data because i was saying for months and months as the fed first started talking about tapering that if they ever actually did it they would have to undo it because the minute they t

you on the show that was american businessman investment broker author and financial commentator peter schiff. time now for a quick break but stay tuned because when we return we're bringing you the best of the best from this past week was edward harris and i are tackling your viewer feedback in today's in the margins one of the most insightful things to say from this past week find out coming up. with the new book the market like these policies so you. should have you with us here on t.v. today i roll researcher. is obviously more for the ladies because it's pink. when they want to do a blink rate they really need to buy guns and learn how to use them. this is the one that i want to go with someone to give us the feeling that. women. definitely the target of the gun lobby you don't kill them when you kill anybody but if somebody would you would just prefer. i'm noticing more and more if that's really scary marketing tactics which implies that women have some sort of moral obligation to own a gun to protect their family and young girls shoot out here too so we do have a pink or. more kids you

good thing we look at the details of the deal come in or it up plus we have the one meal me mr peter schiff live on today's show the money manager author and financial pundit in giving us his thoughts on the u.s. economy wage growth euro zone and pretty much everything else for that matter you will want to miss that either and finally it's friday which means it's viewer feedback day here on boom bust harrison i address your questions comments concerns that i have on the shelf now let's get to it.

good thing we look at the details of the deal come in or it up plus we have the one meal me mr peter schiff live on today's show the money manager author and financial pundit is giving us his thoughts on the u.s. economy wage growth euro zone and pretty much everything else for that matter you won't want to miss that either and finally it's friday which means it's viewer feedback day here on boom bust and harrison and i address your questions comments concerns that is on the shelf now let's get to it. our big story today comcast is gobbling up its main competitor time warner cable now the forty five billion dollars deal gives comcast the potential to completely reinvent the media landscape by wiping out its major rival comcast would have thirty three million cable subscribers and almost more importantly just as many broadband users giving it. away when it comes to setting market prices negotiating licensing fees and deciding what shows you can watch now the major implications will surely invite public scrutiny by regulators but with comcast. huge lobbying presence in washington many experts

you just told me before about peter schiff. that is fascinating.e'd love me sharing this with the world. but he just bought a penthouse at a very high-end property for more than $3 million about three and a half weeks ago. he hasn't taken a position, but with i said, oh, boy, classic buy low, sell high. he said already i feel i've made a significant amount in this investment. >> that's interesting. peter predicted the financial collapse, and he's kind of a bear, right? he's kind of a negative guy in the market. liz: contrarian. >> contrarian. and contrarian, so he takes these types of risks sometimes. liz: he doesn't scare easily. >> so my point is this, listen, add it all up. this, the government in puerto rico has raised taxes which is not good. it's chasing people out, so that's negative. liz: a lot of people are leaving. >> however, when you raise taxes, that increases revenues -- liz: and this from the tourism bureau. >> right. liz: you don't see any of the try here. >> by the way, there has been some strife there. liz: absolutely. >> and, you

. >> for most on gold, tune into the online show where we're going to have peter schiff.uess what he's going to say about gold but we'll get his reasons for it. and we have marc faber which is going to tell us what he thinks about the market and if it's time to really get short this market. scott, back over to you. >> thanks so much. we'll be there 1:00 eastern time. pete? >> john has been in the miners and he's had great success with those names. i'll tell you what -- >> are you out of the metals? >> yes. jon's called them. i've missed them. >> listen, up in canada you have the gold deal given a little bit of a bid to the miner space. that's where you want to be. you don't want to touch gold itself. gold is up 4% for the year. in the environment right now gold should be up 14%. in silver, silver is unchanged for the year. if there really was a flight to a safe haven you would see silver up a lot more. >>> still ahead on the "half," small caps may be in territory but that doesn't mean you should count them out. up next, one four-star fund manager reveals beaten down names

the comment about inflation, peter schiff had a whole keynote on this, analyzing the top things american people spend their money on. the real inflation rate is between nine percent-10%. a bloomberg economists said the same thing. that is further suppressing wages and our economy. this policy of lose money and printing money, trillions of dollars. debt over the last five years is not helping. host: we are running out of time. guest: john raises a lot of good questions. the real premise of the investing care act is in prevention. john laid out all those reasons so we can create a healthy society -- one in which people can get up and go to work and continue working and contributing to our economy. they do that because they have great health care. we have lower the health care costs with the affordable care act and we are excited about that. we are in the business of making sure that people when they work for a living make a waste that pays them above the poverty rate whether they work for the regular minimum wage are not. host: thank you very much. coming up on the next "washington journal

peter schiff says bring it on. bullish for gold from here.n the medal after it was quite frankly a loser last year? >> it was down one year out of 13. gold can't go up every year but >>> is last year too many people were operating under the delusion that the u.s. economy was recovering, that the fed policy had worked, they were ready to wind down the q e. in 2014, people are going to wake up from that delusion. we are geeting a lot of bad economic data, people are still delusional because they want to blame it on the weather but it is not the weather. as the weather warms up we will run out of excuses, people will realize how weak the economy is that the fed is getting ready to crank up the q e, not wind it down and -- the u.s. economy will rush to buy gold. sandra: bring it to now. i aim to challenge you on this because i think we need to show the other side of this trade that gold is down today and may be snapping the 90 winning streak because we are waiting on the fed minutes at the top of the next hour. isn't the trade here the reason gol

the comment about inflation, peter schiff had a whole keynote on this, analyzing the top things americane spend their money on. the real inflation rate is between nine percent-10%. a bloomberg economists said the same thing. that is further suppressing wages and our economy. this policy of lose money and printing money, trillions of dollars. debt over the last five years is not helping. host: we are running out of time. guest: john raises a lot of good questions. the real premise of the investing care act is in prevention. john laid out all those reasons so we can create a healthy society -- one in which people can get up and go to work and continue working and contributing to our economy. they do that because they have great health care. we have lower the health care costs with the affordable care act and we are excited about that. we are in the business of making sure that people when they work for a living make a waste that pays them above the poverty rate whether they work for the regular minimum wage are not. host: thank you very much. thanks for talking to our viewers. we appreciat