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The June jobs report with its 287,000 new jobs lifted both spirits and markets drug down by the recent Brexit vote and other economic bad news. But the oft-reported numbers – jobs added and the unemployment rate – obscure the truth. In fact, the “real” unemployment rate remains above pre-recession levels. As Peter Schiff pointed […]
In a recent episode of the Santilli Exchange, Pete Santilli talked with Hoover Institution Fellow Tim Kane about the June jobs report and the overall state of the US economy. Despite all of the giddiness about the recent jump in the number of jobs created, Kane said this jobs report wasn’t as positive as advertised: […]
SchiffGold is excited to announce that we will be merging with GoldMoney (formerly Bitgold), a rapidly growing financial technology company that offers a diverse variety of gold-based products. By combining forces, Peter Schiff will be joining the likes of well-known gold experts, James Turk and Eric Sprott. This joint venture will enhance the services SchiffGold can […]
The week began with a surge in the price of silver, giving the white metal its biggest two-day gain since 2011. Now this morning, Bank of America Merrill Lynch reported the largest one-week inflow into precious metals funds on record – $4.1 billion in the week ending Wednesday. The combination of the Brexit and the […]
In the early 1830s, an eastern Kentucky man named Josiah Sprinkle started minting his own coins and circulating them around the area. Eventually, government officials got wind of Sprinkle’s operation and arrested him. But he was ultimately found not-guilty in court. How did a man minting his own coins escape the long arm of the […]
In May, we reported on the rising level of credit card debt in the US after the Wall Street Journal reported that credit card balances are on track to hit $1 trillion this year. Now we have evidence it might be even bleaker. A study released in June by CardHub reveals US consumers did worse […]
In the United States, Bernie Sanders has built a political movement selling the glories of Democratic Socialism. Young Americans eager for the handouts promised by Sanders have flocked to the Vermont Senator in droves. Meanwhile, Venezuelans labor under the realities of Bernie’s economic vision. VICE News put together a short video showing the realities of […]
In a CNBC interview last week, PureFunds CEO Andrew Chanin pointed out that a lot of people don’t really think about silver. Well, it might be time to give the white metal a little thought. Silver has risen along with gold since the Brexit vote, and it went into hyper-drive Sunday. The metal rose 8.6% […]
The following article was originally published at the Tenth Amendment Center. The founding generation generally took a dim view of paper money. In a letter to Edward Carrington, Thomas Jefferson wrote, “Paper is poverty. It is only the ghost of money, and not money itself.” Today, some investors are embracing the views of the Founders, recognizing […]
In his Gold Videocast earlier this week, Peter Schiff said the Federal Reserve will likely use turmoil in the markets following the Brexit vote as an excuse not only to renege on its much anticipated rate-hike, but to cut rates and launch QE4. In fact, Peter was saying the Fed would end up cutting rates […]
