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Archive : Author

POSTED ON March 29, 2019  - POSTED IN Fun on Friday

I used to hate it when my parents would tell me how much easier I had it than they did. But as I rip through middle age and rapidly approach “old,” I am becoming much more sympathetic to my parents’ point of view. Not that my parents really had it harder than me… But kids these days? Yeah, they have it way easier than I ever did.

I mean, yeah, my dad may have had to walk two miles to school in the snow — uphill both ways — while I got to ride with mom. But hell, kids these days don’t even have to get up to change the channel on the TV.

POSTED ON March 22, 2019  - POSTED IN Fun on Friday

OK. I’m going to set up a scenario for you.

You’re in Hawaii. Yay! Right? Anyway, as you enjoy touring around the tropical paradise, you stop at a local gas station to fuel up the rental. As you’re pumping the gas, a guy saunters up covered in bling. He’s got gold chains, gold bracelets and several gold rings. Then comes the sob story. He’s down and out. He lost his wallet. He needs cash. But he’s willing to part with his expensive gold for a bargain basement price.

What do you do?

POSTED ON February 20, 2019  - POSTED IN Original Analysis

Right after the last Federal Reserve Open Market Committee meeting, Peter Schiff said the “Powell Pause” won’t be enough to save the stock market and head off a recession. He said ultimately, the central bank would have to cut interest rates and launch another round of quantitative easing.

Well, it seems the mainstream is starting to catch up with Peter’s thinking. Yesterday, Bloomberg ran an article asserting that “instead of pausing, the central bank may need to start cutting interest rates to avoid a recession.”

POSTED ON February 8, 2019  - POSTED IN Fun on Friday

When I was a kid, I thought people in elected offices were among the brightest and best. Then I grew up, started interacting with politicians and realized they are no smarter than anybody else. And in fact,  a lot of them are downright dumb.

Well, I’ve got an Oklahoma lawmaker for you that fits neatly into the downright dumb category.

POSTED ON February 7, 2019  - POSTED IN Videos

All of a sudden, former Federal Reserve chair Janet Yellen sounds a little bit like Peter Schiff.

During an interview on CNBC,  Yellen conceded that the next Fed move could be an interest rate cut.

Of course, it’s possible. If global growth really weakens and that spills over to the United States where financial conditions tighten more and we do see a weakening in the US economy, it’s certainly possible that the next move is a cut.”

POSTED ON February 6, 2019  - POSTED IN Key Gold Headlines

After Jerome Powell indicated that the Federal Reserve tightening cycle was on pause during last week’s FOMC meeting, Peter Schiff said, “The monetary drug pushers at the Federal Reserve gave the addicts on Wall Street exactly the fix that they had been craving.”

Peter often compares the markets to drug addicts. They are addicted to the easy money the central bank provides. Reuters used that same imagery to describe America’s business community in the wake of the “loose money era,” saying it left a “trail of US corporate debt junkies.  

POSTED ON January 25, 2019  - POSTED IN Fun on Friday

So, budgets are tight everywhere, right? Even at the Bank of England.

Well, that’s not altogether true. It would be more accurate to say the central bank wastes a lot of money. Some government functionary got wind of it and now there’s a scramble to tighten things up over at the BoE.

Said government functionary came up with one interesting solution that would actually generate a little revenue for the bank. But there was one tiny problem with the plan.

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