will continue well into two thousand and fourteen i spoke with peter schiff c.e.o. of euro pacific capital about how long interest rates can remain low and facilitate current u.s. deficit spending given the president's announcement today about the possibility of chemical weapons in syria i first asked if spending either military or domestic. must be severely severely curtailed. this is the guns and butter argument right now we think we can have both and as long as we can borrow money at practically zero percent interest we can pretend that we can have both but eventually interest rates are going to rise and the government's going to be forced to make some difficult choices there's going to have to be a lot of cutting going on and i think we're going to have to cut in both military and domestic because we're not going to florida a lot of these expenditures what do you think it's possible to reduce the debt and the deficit while the fat enables lower interest rates to be quantitative easing well no i don't think anything is going to be accomplished constructively as l

will continue well and its hundred fourteen i spoke with peter schiff c.e.o. of euro pacific capital and the how long interest rates can remain low and facilitate current u.s. deficit spending given the president's announcement today about the possibility of chemical weapons in syria i first asked if spending either military or domestic must be severely severely curtailed. this is the guns and butter argument right now we think we can have both and as long as we can borrow money at practically zero percent interest we can pretend that we can have both but eventually interest rates are going to rise and the governor's going to be forced to make some difficult choices there's going to have to be a lot of cutting going on and i think we're going to have to cut in both military and domestic because we're not real of florida a lot of these expenditures what do you think it's possible to reduce the debt and the deficit while the fat enables lower interest rates piece of a quantitative easing. well no i don't think anything is going to be accomplished constructively

will continue well into two thousand and fourteen i spoke with peter schiff c.e.o. of euro pacific capital about how long interest rates can remain low a facility current u.s. deficit spending given the president's announcement today about the possibility of chemical weapons in syria i first asked if spending either military or domestic must be severely severely curtailed. this is the guns and butter argument right now i think we can have both and as long as we can borrow money it practically zero percent interest we can pretend that we can have both but eventually interest rates are going to rise and the government going to be forced to make some difficult choices there is going to have to be a lot of cutting going on and i think we're going to have to cut in both military and domestic because we're not to be able florida a lot of these expenditures or do you think it's possible to reduce the debt and the deficit while the fed enables lower interest rates piece of a quantitative easing well no i don't think anything. it's going to be accomplished constructively as

peter schiff of course, will not agree he with that and here he is. eter, before you launch, have you got nothing good to say about what ben bernanke is doing? because he has got interest rates down. he has helped the housing market. he has helped push people into stocks and away from bonds. come on, he has. >> oh, i mean, this is -- this is monetary, we just talked about, monetary caffeine. that's it. and he's injecting it into the economy and it's no good. the market is rallying, but it's rallying for the wrong reasons. stuart, if your child brought home a "a" on the example and you knew he cheated on the test, are you proud of him. stuart: hold on, you can't dismiss it because a lot of people are making a lot of money. the average wealth of americans-- >> stuart. stuart: as homes go up and as housing goes up and as stocks go up, they feel more wealthy. whether it's because of ben printing money or anything else, doesn't really matter, does it? >> well, sure, it matters and people felt great as the housing bubble was inflating in 2003, 4, 5 and 6. we

will continue well into two thousand and fourteen i spoke with peter schiff c.e.o. of euro pacific capital about how long interest rates can remain low and facilitate current u.s. deficit spending given the president's announcement today about the possibility of chemical weapons in syria.

peter schiff. matthew tuttle, of tuttle wealth management. and joe nas max ferris. founder of the maxfunds.com. peter start with you, that consumer sentiment very positive. does it make you feel good? >> well, sometimes confidence is not a good thing. if you're skating on thin ice bu you're confident that it is thick you can get into a lot of trouble. i think rising home prices are creating a false impression that things are getting better but actually rising home prices is more of the problem. i think pmi was more indicative of what is really going on. in fact i think the real economic situation is lot worse than even the pmi would suggest. melissa: peter, i feel like i knew you were going to say that. matthew, do you think the rising home prices are a sign of something bad as opposed to something good? >> no. i look at it as a sign of something good. i mean the consumer number, the home price number, they all came with some yeah buts, but things are still going in the right direction and, i think we've now got an economy that is not too hot, not too cold. which mea

because bernanke says it's not monetization we'll talk about deficits and the debt crisis with peter schiff in a bit and one hundred years ago woodrow wilson to sign the federal reserve act with four gold pens a clear being i'm drawing on the gold reserves but yesterday representative kevin brady called for evaluation of the fed he said when the house isn't on fire we want to discuss you know what role the fire department said play with this review shut down the quantitative easing firehose that spraying eighty five billion dollars in cash per month we'll have to see if this proposal can pick up steam when bernie replacement is announced a later this year. and to mark another milestone as been one hundred days since the president's second term in a press conference this morning he warned of serious probable use of chemical weapons while cautioning that more evidence must be gathered before taking. action he did warn that the regime has crossed the red line we'll take a look into the fine print of military spending in a special segment today and here's what's in your interest. it's been a fo

this is an up tuesday morning and here comes peter schiff. 's a goldman, we know that, he predicts an economic crash, but says he is still investing in stocks. come on, peter, because all our viewers want to know, okay, what stocks are you buying? >> you know, i never stop buying stocks, i've been buying them for years, i'm mostly buying international stocks, but i still have some stocks in the u.s., i have a lot of oil investments here, you notice oil prices are up and it's a bigger move in oil prices than the stock market and it's important not to excuse those with a rising economy. >> and peter, i'm sorry, i always interrupt you and i'm very sorry about that, but our viewers want to know what stocks specifically. what stocks is peter schiff investing in? go on. >> you see the sign on top of my shoulder, call up and talk to my brokers. and finra wouldn't let me give out specific stock recommendations on television. my brokers will it witell you, them up. stuart: that's a commercial and you know that. >> but that's all i can do. talk to the g

so it's also been the that hedge funds and you've had you know peter when peter schiff who has a hedge fund and others and they have in every respect him even talking to the media they fear that they could be you know solicit they could be construed by the f.c.c. or a state regulator as an illegal offer so this sort of clarifies that rule and there's no reason the f.c.c. shouldn't have implemented by now in fact there are some who argue that they want it that it went into effect on a manically and that somebody should somebody should test it but really i mean again it doesn't suspend any you know anti-fraud laws and try and and truthful information should be made available to investors even if they lack the opportunity to to invest in this particular company thank you so much for the way you ariens down for allowing the competitive enterprise and sales. and stay tuned because at next we're going to get the details of how general petraeus landed a gig at k k r now we're going to highlight how twitter is fighting at what he levels to say sam. i would rather as questions for people in pos

today because peter schiff is coming on.new reason why gold is going to hit a record high. it's not the fed. find out at 1:00 eastern. i guarantee you, that's going to be an interesting conversation. >> which is why we'll be there online. >> josh? >> hey, scott, well, heavyweight money managers in their 13if filings. they're telling us what they're buying and selling. leon coop erman, a stake in the gds, the gold miners, now at the lowest level since december of 2008 and he likes the e trtf th tracks bouillon. also calleded the position in the slv. lowest since october 2010. george tsiros cutting and adding in this space. tsiros likes the gold miners, but he reduced his take in the gld by 10% and we're watching john paulson. his position in the gld unchanged, but he eliminated his entire stake in bears, so all 915 shares. scott, back to you. >> thanks. what's the mood on the desk? >> well, it's certainly nice to see cooper mann basically putting an endorsement down for that and the slv, the miners. i think this thing is gett

two years on the uprising in the fall of colonel gadhafi and brutal to peter schiff has been replacedby a sober recognition of the enormity and depth of the challenges facing leaders and its people as we witnessed democratic transitions are notoriously difficult. progress is organic, not linear. uprisings that the electrons, but we know from our turbulent past nations are built on the brick-and-mortar is sometimes painful reconciliation through political dialogue. libya does compared to other states who've recently been affected by dramatic transition in putting a relatively small population of oil wells. we should never estimate the effects more than four decades of colonel gadhafi's who had on the country and society. gadhafi dismantled the country's institutions, black emergence of organizations and squashed independent daughter initiative and relied on a network of connections that created a vacuum for which libya's new leaders must build democratic institutions, consolidate control so clearly hijacked his purposes have nothing to do with the well-being of people and the new gover

peter. thank you very much. joining us to discuss the terrorism issues highlighted in the president's speech this week, two members of the house intelligence committee. democratic and republican representatives. congressman schiff, there is a lot of talk of the president's narrative about winding down the war on terrorism. which begs the question -- are our enemies doing the same? >> i think our enemies have changed in the sense that we have seriously degraded the core of al qaeda and the president's speech was a recognition of that. the likelihood that al qaeda can launch the kind of attack they launched on 9/11 has been seriously diminished. we have the spinoffs and the one-offs like in boston and the tragic attack in the u.k. this week. the president is saying that needs an adjustment on the drones and the strategic impact of those and we have to take a look at the broader strategic problems. the black eye we have from guantanamo. i think the president was right to say, we are at a different point than we were on 9/11. that's going to call for different tactics going forward and he laid out a sensible plan. >> jamie: to the point of guantanamo bay, which the president brought up and your colleague -- the pre