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Conventional wisdom holds that “you can’t have your cake and eat it too.” That is unless you live under a socialist government in cahoots with central bankers. Then you can have all the cake you want and eat it to your heart’s content. Until, of course, you run out of other people’s cake. The crisis […]
Have you heard the news? Greece has defaulted and is facing complete financial meltdown. European banks are exposed to Greek sovereign debt, and US banks are exposed to European banks. As we saw in 2008, it only takes one domino to fall (Lehman) to threaten the entire global financial system. Don’t panic. SchiffGold has compiled […]
Peter Schiff shared his take on the Greek crisis with RT. Peter argues that Greece needs to dismantle its giant government and embrace free-market capitalism to grow its economy.
Peter Schiff is now a regular guest on Alex Jones’ InfoWars. Peter’s first appearance was last Friday, and the two had a lively conversation about the slow decline of the United States economy. Peter compared Greece to America and argued that the US has less economic freedom than communist China. They also touched on the […]
In a popular referendum yesterday, Greeks voted to reject further European financial aid in exchange for more austerity. Despite promises to the contrary, Greek banks remain closed, allowing account holders to only withdraw a meager daily maximum of €60. Greek Finance Minister Yanis Varoufakis has resigned. Greece will meet with its creditors tomorrow and try […]
In his review of the latest economic data, Peter Schiff rips more holes in the economic “recovery” narrative. The labor-force participation rate just hit its lowest level since 1977. Meanwhile, under Obama’s presidency, 1.4 million manufacturing jobs have been lost, while 1.4 million bartending, waitress, and waitering jobs have been created.
Texas Wants Gold Back from Feds CBS News – Texas wants its physical gold back. In mid-June, Gov. Greg Abbot signed a law creating a state gold bullion and precious metal depository. The Star-Telegram reported that the primary goal of the depository is to “bring home more than $1 billion in gold bars that are […]
Greece missed its International Monetary Fund (IMF) payment earlier this week – the first advanced economy in the world to do so. All of Europe is watching to see if Greece stays in the eurozone and what the ramifications could be for the relatively young euro currency. And while they wait, they’re buying gold. European […]
This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The federal government can’t seem to help itself. After overseeing the inflating and bursting of the dot-com bubble in the 1990s and the subprime mortgage bubble […]
The Silver Institute has released its June newsletter. The publication features interesting and educational articles about the latest technology in the silver industry, as well as new silver investment products on the market. This edition notes that industrial demand for silver continues to grow in Asia and developing countries: Industrial applications accounted for 56 percent […]
