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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 […]
Do you believe the economy is “rigged?” If you do, you’re not alone. A new poll by Marketplace and Edison Research found that a staggering 71% of Americans believe the economy is rigged. The poll based its findings on answers to this question: which of the following comes closer to your opinion on the economic […]
Even with Congress giving final approval to a bill that will allow Puerto Rico to restructure its debt, the US territory will default on a $13 billion general-obligation debt on July 1. A $1.9 billion payment in principle and interest is due Friday. Puerto Rico will renege on the payment to bondholders despite a constitutional […]
If you’ve been waiting to buy gold and silver the wait is over. In his most recent Gold Videocast, Peter Schiff looks at how the price of silver has just surged to a high it hasn’t seen since January of last year. In the aftermath of Brexit, Peter takes this as a good sign that […]
Marc Faber, publisher of the Gloom, Boom & Doom Report, had some simple advice for a post-Brexit world – own some gold. So, what caused UK voters to abandon the EU in the first place? There are many theories as to what drove the leave vote, but Faber said it really comes down to one […]
Mainstream media pundits and government officials continue to talk about a growing US economy, but signs in America’s heartland point in the opposite direction. Peter Schiff has made the case that the stagnating economy is driving this strange election cycle, and helps explain the rise to prominence of Donald Trump and Bernie Sanders. But the […]
All of the talk over the last few days has focused on Brexit. But Peter Schiff says people are ignoring some bigger issues. On Monday, he appeared on Fox News Business and continued pounding this theme, calling Brexit a “day of reckoning,” and reiterating a point he made on CNBC’s Trading Nation – that the […]
