The US government is spending money at a torrid pace. Uncle Sam blew through $547 billion in January. That brings total spending through the first four months of fiscal 2021 to $1.92 trillion.
And the spending spree is only going to increase. Congress continues to debate another $1.9 trillion stimulus package and there’s already talk of an infrastructure spending bill in the pipeline after that.
This raises the $1.9 trillion question: how is the government going to pay for all this?
Peter Schiff recently spoke at the January 2021 Virtual Money Show. He explained why the coming financial crisis will be much worse than 2008, and how the Federal Reserve and the US government are driving us toward this crisis with their inflationary monetary policy.
Peter Schiff shared his son’s Christmas list and drew a rather disconcerting conclusion – a lot of Americans think like a 7-year-old kid.
Pierre Lassonde has said gold could skyrocket to $15,000 to $20,000 an ounce as the Dow-to-gold ratio falls to 1-to-1. Has his view changed?
Lassonde is the founder of Franco-
Last week, Peter Schiff appeared on The Claman Countdown on Fox Business along with Mark Matson, founder and CEO of Matson Money, to talk about where to invest with this overpriced stock market.
Peter said the big danger is inflation and it will decimate a lot of portfolios.
Peter Schiff delivered a key-note speech at the Virtual Investor Day Conference. He walked through the history of the Federal Reserve’s monetary policy over the last several decades and explained the inevitable outcome. Peter’s recap of Fed history leads you to an undeniable conclusion: the Federal Reserve has never been right. And it has set us up for an even bigger crisis.
Peter Schiff recently did a presentation at the Endeavour Silver Town Hall Webinar. He talked about the state of the economy, the US dollar, and gold and silver. Peter said he thinks we’re about to see a gold bull market rivaling the 1970s because the world is going to reject the dollar standard and go back to a gold standard.
Peter Schiff recently spoke at the “virtual” Los Vegas Money Show and explained why we are near the endgame for the dollar.
Peter opened up his talk speculating that the Money Show could be close to the end of its run.
I think the money that most people have, or at least what they think is money isn’t going to be money much longer.”
Gold pushed above its all-time record price last week. Where does it go from here? Peter Schiff and Jim Rickards appeared on Kitco News to talk about gold’s trajectory and the possibility of $15,000 gold in the future.
Peter opened up the interview saying he’s surprised it took gold this long to break its record.
A lot has happened in the last decade. We’ve certainly printed a lot of money.”
Known as “Pomp,” Pompliano is co-founder and partner at Morgan Creek Digital, “a multi-strategy investment firm focused on providing access to blockchain technology and digital assets.”
At the time of the recording, gold had just broken its all-time record.