How will America pay for Alexandria Ocasio-Cortez’s Green New Deal? After all, as Peter Schiff said a few weeks ago, you can’t print wealth. But there is a growing number of people who seem to believe you actually can – at least indirectly. And they have an economic theory they claim backs them up. It’s called Modern Monetary Theory, or MMT.
What would you do if the bank suddenly froze your account and you couldn’t access any of your money?
Perhaps this sounds a little farfetched, but it certainly isn’t unprecedented. In fact, Chinese customers of some Spanish banks recently faced this exact scenario.
Usually, the government tries to stop scams. Unless, of course, the government is part of the scam.
No, I’m not talking about the Federal Reserve. I’m actually talking about a Liberian gold scam that US law enforcement uncovered last fall. As it turns out, Liberian government officials facilitated a key part of the scammer’s scheme.
Central bankers and politicians think they can run the economy.
They can’t.
In this episode of the Friday Gold Wrap, host Mike Maharrey digs into some fundamental economic theories that explain why these central planners will always fail, no matter how noble their intentions.
Peter Schiff has been talking a lot about the prospects of a trade deal lately. His point: an end to the trade war isn’t going to heal America’s economic wounds. And those wounds? Well, they’re self-inflicted.
Peter appeared on RT again on Monday (March 4) to hammer home this point.
All of a sudden, the Federal Reserve is considering increasing its balance sheet again.
Remember back in September? QE was on “autopilot.” Then we got the “Powell Pause” and suddenly, the talk was that balance sheet reduction could be winding down. Powell confirmed that was the case just a couple of weeks ago when he told a congressional panel the central bank would be in a position to “to stop runoff later this year.”
Eric Peters is known as “the libertarian car guy.” But even if you aren’t particularly interested in automobiles, you’ll want to listen to this interview. Mike Maharrey and Eric not only talk about what’s going on in the auto market – an important economic barometer – but they also cover a range of topics from the Green New Deal, to electric cars, to the nanny state.
Despite lackluster price performance last year, trends are looking positive for silver investors in 2019.
The Silver Institute highlighted increasingly supportive sentiment in the silver market along with a number of technological innovations utilizing the white metal in the latest edition of Silver News.
The stock market has rebounded nicely since those dark days of December leading many analysts to believe precipitous nosedive was nothing but a bull market correction. But Peter Schiff begs to differ. He’s been saying that the rally in stock since the Powell Pause is really a bear market correction. Furthermore, Peter says an upcoming recession is a done deal.
During the Orlando Money Show, Mark Skousen moderated a debate between Peter and Louis Navellier. The question was: were we witnessing a bull market correction or a bear market rally in the last three months?
Romania may bring most of its gold home.
Romania’s ruling party chief has submitted a bill that would require the country’s central bank to keep 95% of its gold within the borders of the country. Currently, about 60% of Romania’s 103.7 tons of gold is stored at the Bank of England.
