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Recently, we reported on the rapid collapse of pension systems, both public and private, across the United States. This is not only jeopardizing Americans’ retirement. Failing government pension systems are pulling several states down into a black hole with them. When we talk about government debt, we tend to focus on the US national debt. […]
Student loan debt continues to balloon. Data released in March revealed that 46% of student loans are not currently being repaid. That doesn’t even include debt held by students still in school or those within the six-month grace period after graduation. Clearly, this has major implications on the financial futures of Americans saddled with this […]
In a recent New York Times column, economist Paul Krugman tried to justify central bank interventionist monetary policy by comparing it to giving insulin to a diabetic. How should we think about these incredibly low interest rates? Recently Narayana Kocherlakota, the former president of the Minneapolis Fed, offered a brilliant analogy. Responding to critics of […]
Bill Gross took a peek into the future in his most recent Monthly Investment Outlook for Janus Capital, and he saw money raining from the sky. Gross said he believes the structural changes currently occurring in the US economy will ultimately lead to so-called helicopter money. Of course, choppers wouldn’t literally drop cash from the […]
Silver demand hit a record high in 2015 and it shows no sign of waning. GFMS, in collaboration with the Silver Institute, released its annual silver survey last week. Coin, bar, jewelry, and photovoltaic sectors boosted silver sales to a record 1.17 billion ounces. High demand coupled with shrinking supply resulted in the third consecutive […]
Well, that didn’t take long. In February, we reported that a former Obama economic adviser/ex-Treasury Secretary had floated the idea of eliminating the $100 bill and the 500-euro note in the escalating war on cash. On Wednesday, the European Central bank announced it will stop producing and issuing 500-euro notes around the end of 2018. […]
Capitalism appears to be falling out of favor. Socialism is in vogue. Or at least that’s the impression one gets when talking to millennials in America. A recent Harvard University poll shows that more than half of Americans in the 18-29 age bracket oppose capitalism. Ron Paul appeared on RT America’s Boom or Bust show […]
This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The monetary landscape of today looks pretty grim. We are in the middle of the perennial decline in the rate of interest. Central bankers are convinced […]
Billionaire investor Stanley Druckenmiller didn’t mince words when asked for recommendations at the Sohn Investment Conference. Sell US stocks. Buy gold: The conference wants a specific recommendation from me. I guess ‘Get out of the stock market’ isn’t clear enough.” Druckenmiller went on to sing gold’s praises:
This Silver Institute has released its April issue of Silver News. This edition highlights exceptionally strong silver jewelry sales in the US. Silver jewelry sales in the United States were solid in 2015 with 60% of jewelry retailers reporting increased sales, according to a survey conducted on behalf of the Silver Institute’s Silver Promotion Service […]
