60 Minutes Australia first made public the false allegations of money laundering and tax evasion that ultimately doomed the bank in an Oct. 2020 broadcast that an Australian court has already ruled defamatory of Peter Schiff. In its defense 60 Minutes claimed its defamatory imputations were true. This press conference in and of itself proves they are false. The press conference also proves that the IRS lead J5 investigation, the largest tax evasion and money laundering investigation in world history, was a complete waste of taxpayer money. All it accomplished, thanks to the IRS having illegally and prematurely leaked the investigation to 60 Minutes,, was the unfortunate destruction of an innocent bank and the reputations of those running it. Here is the press conference that announced the closing of Euro Pacific Bank. You will notice that IRS agent Lee admitted that as a result of their two year investigation, no criminal charges were filed against "the bank or those running the bank". Yet he still implied the bank was guilty of crimes his own investigation confirmed the bank did not commit. The OCIF Commissioner responded to a reporter's question about whether the bank helped its customers launder money or evade takes by saying, "that is a conclusion that has not been made" and that the action against the bank "was not based on claims of money laundering or any financial crimes." The OCIF Commissioner also said the bank was being closed in part due to its alleged "level of insolvency." However, the receiver OCIF appointed to liquidate the bank later confirmed that on the date the bank was placed into receivership it had millions in cash and cash equivalents in excess of what was owed to depositors. The bank also had no debt, made no loans, and had no past-due bills. So the bank was definitely not insolvent. There was also a highly-qualified buyer committed to adding $7 million in additional capital that represented an alternative to liquidation. All of the press coverage that followed this press conference read that Euro Pacific Bank was closed due to allegations that it facilitated money laundering and tax evasion, even though the lack of indictments and the OCIF Commissioner's exculpatory comments evidenced that the bank did not help its customers launder money or evade taxes. On Sept 27th, less than three months following this press conference, Mark David Anderson, the bank's president and co-founder, died of a heart attack at the age of 64. His underlying heart conditions likely resulted from the stress brought on by the collapse of the bank due to false allegations of tax evasion and money laundering. ? Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. ? Invest like me: https://schiffradio.com/invest ? RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ ? SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ ⭐️ Schiff Gold News: http://www.SchiffGold.com/news ? Buy my newest book at http://www.tinyurl.com/RealCrash ? Follow Peter Schiff on Facebook: http://www.Facebook.com/PeterSchiff ? Follow Peter Schiff on Twitter: http://www.Twitter.com/PeterSchiff ? Follow Peter Schiff on Instagram: https://Instagram.com/PeterSchiff ... https://www.youtube.com/watch?v=IsdLJuXMFRA

The Peter Schiff Show Podcast - Episode 473 Recorded June 7, 2019 Dow Finished the Week with a 4.7% Gain - The Dow Jones soared 263 points today, although at one point the index was up better than 350 points. But it managed to finish the week with a 4.7% gain. That is the best showing for the Dow Jones Industrials in 6 months and in fact we snapped a six-week losing streak this week.  All of the major averages had positive weeks.  The NASDAQ -  the best gainer on the day; up 1.7% - not quite as strong on the week because it took a shellacking on Monday with the FANG stocks leading the way down - but up about 3.7% on the week.  Similar gains for the Russell 2000, the Dow Transports, the S&P 500 not quite as strong as the Dow - I think up about 4.2% on the week. What was the Catalyst? - But why? What was the catalyst for this big move up in the U.S. stock market? Was it better than expected earnings? Not really.  Some companies beat estimates. Take a look at some of these recent IPO's like Zoom Video. Zoom Video was up 18% today because it earned 3 cents a share instead of the one cent that Wall Street was expecting. Now, 3 cents per share is not a lot of earnings when you're a $94 stock, but that's where the stock is. ... https://www.youtube.com/watch?v=jwLwHe97UkY